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|CONTENTS||||||
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|Legal and administrative||information,|trustees|and advisers||
|Trustees'<br>report|||||2-6|
|independent<br>examiner's||report||||
|Statement offinancial|activities|||||
|Balance sheet||||||
|Notes to the financial|statements||||10 - 12|





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|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,<br>Donations<br>and Membership||||fees,|||62,356||62,356|92,028|
|Donations<br>re Gallery Expansion||||||||1,013|1,013|48,633|
|Charitable<br>Activities|||||||52,317||52,317|50,340|
|Other trading<br>activities|||||||25,273||25,273|26,578|
|Investment<br>income|||||||5,323||5,323|1,543|
|Total Incoming resources|||||||145,269|1,013|146,282|219,122|
|Expenditure<br>on:|||||||||||
|Raising funds|||||||21,600||21,600|29,804|
|Additions<br>to Permanent||Collection||donated|to||||||
|North West Essex Charitable|||Trust||||47,241||47,241|18,625|
|Charitable<br>expenditure|||||||72,156|18,407|90,563|395,324|
|Total charitable<br>expenditure|||||||140,996|18,407|159,403|443,753|
|Net incoming<br>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<br>funds|||||||3,186)|3,186|||
|Fund balances carried <br>at 31December 2023|forward||||||378,794||378,794|391,915|





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|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<br>by:|||||||
|Incomefunds|||||||
|Unrestricted<br>Funds|||378,794||378,794|377,707|
|Restricted funds||||||14,208|
|Total funds|||378,794||378,794|391,916|





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|||||Unrestricted|Restricted||||
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|Total 2023|Total|2022|
|2|Incoming Resources||||||||
||Grants,<br>Donations<br>and Membership||fees,||||||
||Membership<br>subscriptions|and donations||20,745||20,745||13,896|
||Sculpture<br>Appeal Donations|||6,474||6,474|||
||Picture purchase<br>Fund Legacy|||||||53,141|
||Permanent<br>Collection Grants|||24,187||24,187||7,000|
||Sponsorship<br>of Exhibitions|etc.||8,000||8,000||11,708|
||General sponsorship|||2,950||2,950||6,283|
|||||62,356||62,356||92,028|
||Donations<br>re gallery Expansion||||||||
||Members<br>and General<br>public||||1,013|1,013||48,633|
||||||1,013|1,013||48,633|
||Charitable<br>activities||||||||
||Income from Gallery sales|||44,746||44,746||31,475|
||Income from Online Shop|||6,861||6,861||17,733|
||Sale ofdonated<br>pictures|||711||711||1,132|
|||||52,317||52,317||50,340|
||Other trading<br>activities||||||||
||Commission<br>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<br>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<br>costs|||2,963||2,963||1,638|
|||||21,600||21,600||29,804|
||Charitable<br>activities||||||||
||Additions to Permanent<br>Collection||||||||
||donated to NWECT|||47,241||47,241||18,625|
||Conservation<br>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<br>expenditure||||18,407|18,407|321,199||
|||||119,396|18,407|137,803|413,948||





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|4|Debtors|||||2023|2022|||
|---|---|---|---|---|---|---|---|---|---|
||Debtors and payments||in advance|||||||
|5|Creditors|||||2023|2022|||
||Creditors: amounts<br>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<br>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||