2022-12-31-accounts

Legal and administrative	Legal and administrative	information,	trustees and advisers
Trustees' report				2-5
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements			9-11

Statement offinancial activities	for	the year e	nding 3	1 December 2022
				Unrestricted	Restricted			Total
			Note	funds	funds	Total	2022	2021
Income from:
Grants, Donations and Membership		fees,		92,028			92,028	25,800
Donations re Gallery Expansion					48,633		48,633	235,006
COVID-19 Grants and Insurance	Claim							14,096
Charitable Activities				50,340			50,340	30,251
Other trading activities				26,578			26,578	23,060
Investment income				1,543			1,543	138
Total incoming resources				170,488	48,633	219,122		328,351
Expenditure on:
Raising funds				29,804			29,804	15,305
Charitable expenditure				92,749	321,199	413,948		311,164
Total charitable expenditure				122,553	321,199	443,753		326,469
Net incoming resources				47,935	(272,566)	(224,631)		1,882
At 1 January 2022				412,480	204,066	616,546		614,664
Transfer Building Fund to Gallery Development				(82,708)	82,708
Fund balances carried forward
at 31 December 2022				377,707	14,208	391,915		616,546

Balance sheet as	at 31December 2022
			Unrestricted	Restricted		Total
		Note	funds	funds	2022	2021
Fixed Assets
Freehold Property			200,000		200,000	200,000
Current assets
Sundry Debtors						2,979
Cash at bank and	in hand		180,611	14,208	194,820	424,364
			380,611	14,208	394,820	627,344
Current Liabilities
Creditors: amounts	falling due within one year	5	2,904		2,904	10,798
Net assets			377,707	14,208	391,915	616,546
Represented by:
Income funds
Unrestricted Funds			377,707		377,?07	412,480
Restricted funds				14,208	14,208	204,066
Totalfunds			377,707	14,208	391,915	616,546

						Unrestricted	Restricted
						funds	funds	Total 2022	Totai	2021
2	Incoming Resources
	Grants, Donations and Membership				fees,
	Membership subscriptions			and donations		13,896		13,896		13,238
	Picture purchase Fund		Legacy			53,141		53,141
	Permanent Collection	Grants				7,000		7,000		4,000
	Sponsorship of Exhibitions					11,708		11,708		6,563
	General sponsorship					6,283		6,283		2,000
						92,028		92,028		25,800
	Donations re gallery Expansion
	Members and General		public				48,633	48,633		235,006
							48,633	48,633		235,006
	COVID-19Grants
	Gov. Covid-19 Grants									14,096
	Charitable activities
	Income from Gallery sales					31,475		31,475		14,482
	Income from Online Shop					17,733		17,733		15,309
	Sale ofdonated pictures					1,132		1,132		460
						50,340		50,340		30,251
	Other trading activities
	Commission from selling exhibitions					20,817		20,817		20,884
	Events, fees and royalties etc					5,761		5,761		2,177
						26,578		26,578		23,060
3	Expenditure
	Raising Funds
	Membership costs					5,205		5,205		5,361
	Publicity 8 Subscriptions					7,270		7,270		2,657
	Display and Selling exhibition expenses					15,691		15,691		6,600
	Fundraising costs					1,638		1,638		687
						29,804		29,804		15,305
	Charitable activities
	Additions to Permanent		Collection
	donated to NNIECT					18,625		18,625		10,349
	Conservation and Curatorial					13,148		13,148		11,542
	Gallery management					25,577		25,577		11,032
	Gallery "Too" management					14,443		14,443		20,116
	Cost ofGallery sales					18,4?9		18,479		14,095
	Support Costs					2,125		2,125		1,404
	Website upgrade					352		352		1,325
	Gallery Development	expenditure					321,199	321,199		241,300
						92,749	321,199	413,948		311,164
							10

	John Ready was paid a	furth	er 83	50	for t	he Rent	ofhis Garage for	storage of bulk	y items (2021:f	500).
4	Debtors						2022	2021
	Debtors and payments	in advance					Nil	2,979
5	Creditors						2,022	2021
	Creditors: amounts falling due within				one	year	2,904	10,798
6	Statement ofFunds
							At 1 January			At 31 December
							2022	Income	Expenditure	2022
	Restricted funds
	Gallery Development						204,065	48,633	321,199	-68,501
	Transfer from Building Development				fund			82,709		82,709
	Total Restricted funds						204,065	131,342	321,199	14,208
	Unrestricted funds
	General funds						102,270	116,707	112,396	106,580
					Sub Total		102,270	116,707	112,396	106,580
	Fixed Asset - Fry Art Gallery						200,000			200,000
	Designated Fund - New	Purchases			Fund		27,616	53,668	10,157	71,127
	Designated Fund - Building		Development			Fund	82,594	114
	Transfer to Gallery Development			fund					82,709
	Total Unrestricted funds						412,480	170,489	205,262	377,707
	Total funds						616,545	301,831	526,461	391,915
7	Analysis ofnet assets	between		funds
							assets	liabilities	Total
	Restricted funds						14,208		14,208
	Unrestricted funds						380,611	2,904	377,707
							394,820	2,904	391,915