| CONTENTS | |||||
|---|---|---|---|---|---|
| Page | |||||
| Legal and administrative | information, | trustees | and advisers | ||
| Trustees' report |
2-6 | ||||
| independent examiner's |
report | ||||
| Statement offinancial | activities | ||||
| Balance sheet | |||||
| Notes to the financial | statements | 10 - 12 |
| Statement offinancial | act | ivitie | s for | the yea | r en | ding 31 | December 2023 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||||
| Note | funds | funds | 2023 | 2022 | ||||||
| f | ||||||||||
| Income from: | ||||||||||
| Grants, Donations and Membership |
fees, | 62,356 | 62,356 | 92,028 | ||||||
| Donations re Gallery Expansion |
1,013 | 1,013 | 48,633 | |||||||
| Charitable Activities |
52,317 | 52,317 | 50,340 | |||||||
| Other trading activities |
25,273 | 25,273 | 26,578 | |||||||
| Investment income |
5,323 | 5,323 | 1,543 | |||||||
| Total Incoming resources | 145,269 | 1,013 | 146,282 | 219,122 | ||||||
| Expenditure on: |
||||||||||
| Raising funds | 21,600 | 21,600 | 29,804 | |||||||
| Additions to Permanent |
Collection | donated | to | |||||||
| North West Essex Charitable | Trust | 47,241 | 47,241 | 18,625 | ||||||
| Charitable expenditure |
72,156 | 18,407 | 90,563 | 395,324 | ||||||
| Total charitable expenditure |
140,996 | 18,407 | 159,403 | 443,753 | ||||||
| Net incoming resources |
4,273 | (17,394) | (13,121) | (224,631) | ||||||
| Fund balances brought | forward | |||||||||
| At 1 January 2023 | 377,707 | 14,208 | 39'1,915 | 616,546 | ||||||
| Transfer between funds |
3,186) | 3,186 | ||||||||
| Fund balances carried at 31December 2023 |
forward | 378,794 | 378,794 | 391,915 |
| Balance sheet as | at 31December 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| Note | funds | funds | 2023 | 2022 | ||
| f | f | |||||
| Fixed Assets | ||||||
| Freehold Property | 200,000 | 200,000 | 200,000 | |||
| Current assets | ||||||
| Sundry Debtors | ||||||
| Cash at bank and | in hand | 180,279 | 180,279 | 194,820 | ||
| 380,279 | 380,279 | 394,820 | ||||
| Current Liabilities | ||||||
| Creditors: amounts | falling due within one year | 5 | 1,485 | 1,485 | 2,904 | |
| Net assets | 378,794 | 378,794 | 391,915 | |||
| Represented by: |
||||||
| Incomefunds | ||||||
| Unrestricted Funds |
378,794 | 378,794 | 377,707 | |||
| Restricted funds | 14,208 | |||||
| Total funds | 378,794 | 378,794 | 391,916 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Total 2023 | Total | 2022 | ||||
| 2 | Incoming Resources | |||||||
| Grants, Donations and Membership |
fees, | |||||||
| Membership subscriptions |
and donations | 20,745 | 20,745 | 13,896 | ||||
| Sculpture Appeal Donations |
6,474 | 6,474 | ||||||
| Picture purchase Fund Legacy |
53,141 | |||||||
| Permanent Collection Grants |
24,187 | 24,187 | 7,000 | |||||
| Sponsorship of Exhibitions |
etc. | 8,000 | 8,000 | 11,708 | ||||
| General sponsorship | 2,950 | 2,950 | 6,283 | |||||
| 62,356 | 62,356 | 92,028 | ||||||
| Donations re gallery Expansion |
||||||||
| Members and General public |
1,013 | 1,013 | 48,633 | |||||
| 1,013 | 1,013 | 48,633 | ||||||
| Charitable activities |
||||||||
| Income from Gallery sales | 44,746 | 44,746 | 31,475 | |||||
| Income from Online Shop | 6,861 | 6,861 | 17,733 | |||||
| Sale ofdonated pictures |
711 | 711 | 1,132 | |||||
| 52,317 | 52,317 | 50,340 | ||||||
| Other trading activities |
||||||||
| Commission from selling exhibitions |
20,231 | 20,231 | 20,817 | |||||
| Events, fees and royalties etc | 5,043 | 5,043 | 5,761 | |||||
| 25,273 | 25;273 | 26,578 | ||||||
| 3 | Expenditure | |||||||
| Raising Funds | ||||||||
| Membership costs |
5,469 | 5,469 | 5,205 | |||||
| Publicity 8 Subscriptions | 6,482 | 6,482 | 7,270 | |||||
| Display and Selling exhibition expenses | 6,687 | 6,687 | 15,691 | |||||
| Fundraising costs |
2,963 | 2,963 | 1,638 | |||||
| 21,600 | 21,600 | 29,804 | ||||||
| Charitable activities |
||||||||
| Additions to Permanent Collection |
||||||||
| donated to NWECT | 47,241 | 47,241 | 18,625 | |||||
| Conservation and Curatorial |
14,280 | 14,280 | 13,148 | |||||
| Gallery management | 19,782 | 19,782 | 25,577 | |||||
| Gallery "Too" management | 14,443 | |||||||
| Cost of Gallery sales | 36,027 | 36,027 | 18,479 | |||||
| Support Costs | 1,797 | 1,?97 | 2,125 | |||||
| Website upgrade | 270 | 270 | 352 | |||||
| Gallery Development expenditure |
18,407 | 18,407 | 321,199 | |||||
| 119,396 | 18,407 | 137,803 | 413,948 |
| 4 | Debtors | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debtors and payments | in advance | ||||||||
| 5 | Creditors | 2023 | 2022 | ||||||
| Creditors: amounts falling due within one year |
1,485 | 2,904 | |||||||
| 6 | Statement | ofFunds | |||||||
| At 31 | |||||||||
| At 1 January | December | ||||||||
| 2023 | Income | Expenditure | 2023 | ||||||
| F | |||||||||
| Restricted | funds | ||||||||
| Gallery Development | 14,208 | 1,013 | 18,407 | -3,186 | |||||
| Transfer from General | Fund | 3,186 | 3,186 | ||||||
| Total Restricted funds | 14,208 | 4,199 | 18,407 | ||||||
| Unrestricted | funds | ||||||||
| General funds | 106,580 | 119,221 | 96,110 | 129,691 | |||||
| Transfer to Gallery Development | Fund | 3,186 | -3,186 | ||||||
| Sub Total | 106,580 | 119,221 | 99,296 | 126,505 | |||||
| Fixed Asset | - Fry Art Gallery | 200,000 | 200,000 | ||||||
| Designated | Fund - New | Purchases | Fund | 71,127 | 26,049 | 44,886 | 52,290 | ||
| Total Unrestricted funds |
377,707 | 145,270 | 144,182 | 378,795 | |||||
| Total funds | 391,915 | 149,469 | 162,589 | 378,794 | |||||
| 7 | Analysis of | net assets | between | funds | |||||
| assets | liabilities | Total | |||||||
| Unrestricted | funds | 380,279 | 1,485 | 378,794 | |||||
| 380,279 | 1,485 | 378,794 |