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|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|
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|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|
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|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|
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|||||||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||||
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||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||