THE FRY ART GALLERY SOCIETY
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 DECEMBER 2024
Registered Charity No.1167717

THE FRY ART GALLERY SOCIErY
CONTENTS
Page
Legal and administrative infOnT￿ll0n, trustees and advisers
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-12

THE FRY ART GALLERY SOCIErY
Legal and administrative Infomiation
Charlty Number 1167717
Trustees who seNed during the year and up to th8 date of this report were as follows..
Roderick Newton Chainnan (unhl 19 February 2025)
David Oelman Chaim7an (fiDm 19 February 2025)
Nigel Weaver Chaimian
Gordon Cummings Secretary
Martin Gruselle Treasurer
Candida Clark Invigilator Organiser
Jason Cowley (appointed 24 January 2024)
Jennifer Cummings
Simon Gough Collect￿nS Manager (appointed 24 January 2024)
Frances Haine Education & Outreach Offter
Maureen Johnston Retail Manager
Emily May (appointed 24 January 2024)
Philip Neale Puts1￿ Relations Manager
John Ready Pmperty Manager
Jules Teal Publicity Manager (apwnted 6 June 2024)
Nicola Tyler Annual Sale Organiser
Iris Weaver
Correspondence address
19a Castle Street
Saffton Walden
CB10 1BD
Independent Examiner
Emma Williams ACA
5 Overledges Road
Saffron Walden
CB113NB
Sollcitors
Tees
68 High Street
Saffron Walden
CB10 1AD
Bankers
Barclays Bank PIC
9111 St Andrews Street
Cambridge
CB2 3AX
CCLA Investment Managers Ltd
One Angel Lane
London
EC4R 3AB

THE FRY ART GALLERY SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees have pleasure in p￿senting their Teport of The Fry Art Gallery Society (°the S￿t￿) for
the year erKled 31 December 2024.
Structure. Governance and Managoment
The Society (forned in 1985) was inrtially registered as a Charitable Trust in 1987. Its status was
changed to that of a Charitable Incorporated Organisation on 20 June 2016.
The Fry Art Gallery premises at 19a Castle Stree( Saffron Walden, Essex {'Ihe gallerf) - purchased
from the Fry family in December 2015 - houses works of art by artists who, during the 20th and 2181
centuries have lived and worked in north-west Essex and have made a significant contribution to their
field ('the collection.). these works a￿ held by the North West Essex Collection Trust ("the Collection
Twsf,) with whose trustees the Society works dosely on their behalf in day to day management of the
collection.
The Trustees {whi)se names are set out above) are responsible for managing the affairs of the Society.
Membership of the Society is either by annual subscription per household or individual life membership
and is open to anyone over the age of 18: at 31 December 2024 there We￿ 1.095 ordinary members.
and 316 life members.
The Trustees meet regularly to review upcoming and new activities to tske place in the galkry, new
acquisitions, the financial and investment perforrnan￿, and any likely risks and associated matters. Six
Trustees are presenUy required to fonn a quorum.
New Trustees are appointed either by the members or by the existing Trustees, with a view to ensuring
the Trustees have. as a whole, a balance of skills necessary to promote and carry out the objectives of
the Society. New Trustees are inducted and trained by existing Trustees, following Charity Commission
guidance and the Societys policies and procedures.
Objectives and actlvities
The objects of the Society a￿ the advan￿rnent of the education of the public in the arts by:
(i)
the promotion of educational and cultural activities in the gallery and elsewhere including but
not limited to exhibitions of oil paintings, watercolours, prints, sculpture, wallpapers. weaving, illustratsd
books, ceramics and other works of art owned by the Collection Trust or loaned to the Society. and
the ownership preservation maintenance and use of the gallery for the purpose of displaying
the collection and other relevantworks of art and providing facilities for educational and cultural activrties.
The Trustees keep in mind the Charity Commission's guidan￿ on public benefit when reviewing the
Society's aims and objectives. The activities undertaken by the Socth to cary out its charitable
purposes for the public benefft are ouuined below.
The Soa'ety currently opens the gallery to the public (free of charge) each afternoon (except Mondays)
and on Saturday rnomings - from the first Sunday in April until the last Sunday in October. The Trustees
are most grateful for the support of the many volunteers who help welcome visitors to the gallery; the
Society has no paid employees. Our marketing and communications were very successful with new
articles added regularfy throughout the year to Instsgram (where we now have 4,300 followers), X and
Facebook, bringing us significant publicity and visitors.
A new themed sekction of items from the collection is hung in the main exhibition space annually. The
smaller space {"the Gibson Room") displays two shorter special exhibitions of worf(s by a￿'sts relevant
to the collects'on
with items borro￿￿ from other galleries, museums and private collectors
supplementing those in the collectk)n where appropriate.
A variety of books, postcards, greetings cards and other items relevant to the collection and to the current
special exhibrtions are available to purchase in the gallery and via our online shop.

THE FRY ART GALLERY SOCIErY
REPORT OF ThE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024 (conUnued)
Objectivas and actlvltles (conlinued)
The Society arranges an annual series of lectures on appropriate topics. The Education and Outreach
Officer arranges visits for local schools and other groups who wish to visit the gallery and - with the
assistance of other Trustees - gives explanatory talks about the current exhibitions, and the history of
the gallery. The Trustees visit organisations. both locally and nationally to give talks about the gallery
and the collection.
The Society arranges a fund-raising sale annualty - consisting of NM)rks by invited artists who are not
neCe&￿nIY represented in the colkction. The 2024 sale was held during the weekend of 16th & 17lh
November. It attracted 475 visitors and generated a surplus of £26,202.
Achlovftments and Perfommnce
The gallery was open from 7th April until 27th October 2024 and welcomed a total of 10,562 visitors,
compared with 10,358 in 2023. The following exhibitions were mounted:.
"Bardfield and Beyond: a Worklng Landscape"
Olive Cook described Great Bardr￿Id in the 1940s as 'paradisial°, with winding lanes, ￿￿11 cut hedges
and the land "shaped by men who still felt a real sense of responsibilty to if. with a village who accepted
the infiux of strangers who came to live among them. Ravtlious and Bawden saw the same Lgndscape -
their intention was to be stimulated while perfecling their watercolour abilities - and they viewed the
landscape accordingly. Aldridge theiished the same rolling countyside. Rothenstein had a neo-romantic
interlude there. Chapman came in 1948 attracted by the village, until moving to Wales in 1953. Sheila
Robinson, Walter Hoyle and Bemard Cheese saw the landscape through the eyes of their tutor, Bawden,
but they all developed their interest in various ways. A number of items not seen before, including a rare
3D piece by Anne Rothenstein. and a watercolour and drawing by Ravilious, featured in the exhibition
which was sponsored by Sworders Fine Art Auctioneers and cwirated by Kate Brown and Colin Wilkin.
"wo￿{ng Women: The Art of Shella Robinson and Chloe Cheese" (Gibson Room. 7th April - 30th
June 2024)
Sheila Robinson studied at Nottingham Art School before entering the Royal c￿lege of Art where
Edward Bawden Wds her tutor and became a lifelong friend. She rnarr￿ Bemard Cheese, a fellow
student, but they We￿ soon divorced., consequenty she had to work to eam a living for herself and her
two small children. Already successful as an illustrator, once living in Great Bardfield in 1957 among the
group of artists already established there, she tegan to make prints and - following her move to Saffron
Wakjen in 1968- created a sophisticate(I cardboard cut technique. Her daughter Chloe Cheese attended
Cambridge Art School and the Royal Academy of Art Chk)e has always made prints, lithographs and
etchings as seen in this exhibition.
"Charles Mahoney: The Pleasures of Llfe" (Gibson Room. 7th July- 27th October 2024)
Charles Mahoney, was a dose friend of Bawden and Ravilious. They all met at the Royal College of Art
(RCA) in the late 1920s. and togetherwith Ba￿llen and Ravilious completed the Morley College
murals. Mahoney's friendship conts'nued with Bawden and other Bardfield artists, induding John Aldridge
throughout his life. Mahoney and Bawden We￿ both keen gardeners and plantsmen, and Charles often
stayed at Brick House in the 1930s, where he helped establish the garden. Although Mahoney eventually
settled in Wrotham, Kent, he remained a regular visitor to Bardfield, and kept in close touch with Bawden
and Aldridge. As well as the Morley College murals. Charles himseff completed other significant mural
projects, in Oxford University and a South London school. It was obvious that Charfes Mahoney has
been largely forgotten as an artist. This exhibits'on brought his work bad( to life as part of a reassessment
process, of his murals. tx)tanical studies and landscapes. in Ix)th Essex and Kent.
Events
The programme of events held during the year included tslks by Sam Mullins fEstablishing the London
Transport Museum?, and Tim Knox fRoyal Patmns 8nd Cc418d0￿ in the 2￿ Century") held in The Quaker
Meeting House and a successful Drawing workshop run by Chloe Cheese held in Fairycroft H¢)use- which,
unlike the Gallery - has onsite parkn'ng.

THE FRY ART GALLERY SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontlnued
Addltions to the Collectlon
In 2024 the Fry Gallery acquired a typically diverse and interesting set of objects to enhance and enrich the
North West Essex Collecb'on. They ranged from pictures, books and ceramics to printing blocks, textiles,
photos and ephemera. The greater part of them were donated. We are very grateful to all of those who
have expressed their goodwill towards the gallery by donating objects.
The late Dennis Andrews bequeathed to the Fry three drawings by Michael Ayrton, a piece of Edward
Bawden 'Wave' wallpaper, and a Ravilious engraving. The Bawden family kindly offered us over 100 of
Edvrfard Bawden's lino printing b1(￿kS - to be shared with the Higgins in Bedford. Fred Carver gave the
gallery a box of books and a set of metal prints'ng blocks of decorative devices by Edward Bawden for the
Oxford University Press. Chloè Cheese presented an invrtation to the 1958 Great Bardfield 'open house,
exhibition. Gerard Hastings donated a box of treasures relating to Keith Vaughan's time at his house near
Toppesfield. Sain Langlands gave a small collection of handmade Chrtstrnas cards by Olive Cook. Julian
Rothenstein presented two collage mural designs made by his father Michael Rothenstein. Catherine Slack,
niece of the potter Alan Spencer Green. gave the gallery over 20 of his pots, plus a quantity of archive
material. A Fortnum & Mason Three Excellent Eggs, Easter Egg Box was donated by Iris Weaver. Colin
Wilkin donated a piece of Kenneth Rowntree 'Marl' fabric, by Edinburgh Weavers.
Various people have given b(x)ks to the gallery. including". 'Great Bardfield Illustrdted. by Robjn Cantus,
presented by the author. "The Wood Engravings of Eric Ravilious" _ grft of John Carrod. °How the Alphabet
was Made., illustrated by Chloè Cheese- gift of Inger O'meara" five books with designs by Eric Ravilious.
as well as five volumes from the London Transport 'County Walks. series, featuring Ravilious woodcuts -
gift of Keith White; "Life in an English Willage., by Noel Carrington & Edward Bawden, - gift of Abby Wollston.
Purchases thi8 year include: Lucie Ak1ridge's 'garden' rag rug, made in the 1950s, an eye-popping feast for
the eyes. We also bought at auction a splendid Grayson Perry earthenware plate from 1984. Incised around
its perimeter are the words 'Wrought on the 20th January 1984 for the serving of an aphrodisiac before the
consummation of a godless orgy.. Dan Arbeid's son Adam kindly offered for sale a ￿rge and impressive
'lonic' ceramic column, which our observant visrtors will have spotted above the cases in the Bawden Room.
We bought three pictures to add to the colle(Xion at our annual sale in November. An Edward Bawden
linocut from 1971 of Dartington Hall, a walercolour design for a mythical creature by Edward Bawden, and
'Love Machine, a colourful abstract relief print from Mich￿1 Rothenstein.
Other Items bought this year are: An Eric Ravilious 'Travel' platter by Wedgwwd depicting a steam train., a
'ptn pot, by Dan Arbeid" a jug by Dan Arbeid: and a 1949 lithograph Winter Landscape. by Keth Vaughan.
Appeal to lund tho Bardfield Sculpture
The Appeal to members, friends and Charitable TTusts launched in August 2023 towards the anticipated
£57,000 cost of producing 'The Bardfiekl Sculptu￿. designed by local Sculptor lan Wolter - depicting
several of the founding Bardfie￿ artists in conversation - has raised some £36,750. The Trustees have
allocated £20,000 of the surplus from the 2024 Annual Sale to￿ardS the costs.
The Sculpture was installed in front of the Gallery in April 2025.
Publlc Bonofft
All the actNities of the Society are provided solely for the benefit of the public free of charge. The Trustees
are conscious of the importance of providing Pjbr￿ benefit The responses in the v￿ltOrS Book & w￿ltOr
Surveys indicate that this contr'nues to be achieved.
Flnanclal Revlew
The investment portfolio of the charity is held in cash with major banks, as the Society requires ready
access to ts funds. With interest rates recovering further in the current year the statement of financial
activities shows investrnent income of £7.391 against £5,323 for the previous year.
As the gallery is open free of charge to visitors. the SocEty is reliant on generating income from membership
fees, the sale of books and other items relevant to the artists in the collection (either in the gallery or through
our online shop), the surplus from the Annual Sale, donations and sponsorship of exhibitions.

THE FRY ART GALLERY SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued
Financial Rovlew (¢ontlnued)
Excluding grants related to acquisitions and cx)nservakn of the CollectK)n of £800, £3,000 Exhibition
sponsorship and £10.500 grants tovrdrds the cost of the Lighting installation, total general income amounted
to £107,237 (2023 - £105,310) the increase being a(￿OUnted for malnly by the increase in Gallery sales.
Income re the Sculpture Fund (treated as restricted funds) arnounted to £30,113 consisting of a Grant of
£25,000 from the Tanner Trust and other indivKlual donalions of £5,113. During the year the Trustees
agreed that £20.OIX) should be transferred from the unrestricted reserves to the Sculpture Fund.
The costs incurred during the year charged to unr8StricW fvnds amounted to £103,724 {2023 - £140,996):
most of the reduction relab'ng to lower expendrture on new acqui8•tsons. Expenditure out of the restricted
Sculpture Fund was a deposit paid of £30,000.
The total net assets of the Society at 31 December 2024 amounted to £404,694 - consisting of the
£200,000 initial cost of the freelK)Id of the gallery, the Sculpture fund £26,586. unrestrthd funds held for
new purchases £40,358 and general reserves of £137,750.
Reserves Policy
It is the policy of the Soaety to maintain unrestricted, undesignated funds, which are free reseNes. at
level which equates approximatety to one yearfs nomal general expenditure (exduding additions to the
Collection). The general reserve fund is at a level which meets this policy.
Rlsk Assessment
The Tfustees have wepared and agreed fomial risk assessments as required to maintsin the status of an
Accredited Museum wth Arts Council England (ACE), which are reviewed and updated as and ￿en
necessary. Museum aceThlitation with ACE was renewed in 2017; tt is expected that they will require it to
be renewed in 2025.
The Trustees are S￿iSf￿d that all major risks have been identified and assessed and that satisfactory
ntrols are in place to mtyate those risks.
Publlclty
The Trustees maintain a website giving details of the Sooety and its current activthes . through which
customers can make purchases fr(￿ our online shop of most of the items on sale in the gallery. This
is reviewed and upmlated on a regular basis to inform and encourage enquiries from ￿)tentIal visitors
and researchers. There are regular posts on Facet￿k. Instagram and X about our activittes and
events. There is a constant flcm of emails, telephone messw and letters to be answered.
Statsmgnt of Trustees, Respon8ibllftles
Charity law requires the TTUStees to prepare financial statements and a statenxnt of assets and
liabilities for each financial year. ￿thIch give a true and fair view of the stste of affairs of the charity,
and of its financial activities for that pericxl. together with its assets and liabilities at the end of the
period, and adequately distinguish any restricted fund of the tharity. In preparing those financial
statements, the Trustees are required to."-
se*t suitable accounting policies and appty them consistenty;
make judgements and estimates that are reasonable and Pn￿nt
state whether the policies adopted are in accordance with the appropriats SORP on
Accounting by Charities and the Accounting Regulations and with applicable accounting standards,
subject to any material departure disdosed and explained in financial statements; and
prepare financial statements on the going concem basis unless it is inappropriate to
assume that the charity will continue in t)usiness.
b)

THE FRY ART GALLERY SOCIErY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024 (conllnued)
stat•ment of Trustees. Responsibllitlm Iconllnu8d
The TNstees are responsibk for keeping proper xcounting records which are sufftient to show,
with reasonable accuracy at any time, the financial positson of ts charity, and enable them to ensure
that the financial ststements compty with applicable Accounting Stsndards and Ststements of
Recommended Practi￿ and the regulatK)ns made under Section 132 of the Charities Act 2011.
They are also responsible fof safeguarding the assets of ts charity and hence for taking reasonable
steps for the prevention and detection of fraud or other irregularities.
In so far as the Trustees are aware".
There isnorelevant information ofwhich the charitys Independent Examiner is not aware,
and
The Trustees have taken all steps that they ought to have taken to make lh￿ aware
of any relevant information and to estsblish that she is aware of that inf0m1at￿.
The report and financial statements were approved by the Trustees on 14 March 2025
D. Oelman
Trustee
Chaimian

Report of the Independent Examirw
R8port to th• Truste•s of Th• Fry Art Gallery Soclety. charlty number 116T117. on the Accounts for
the year ended 3111212024 set out on pag•s 8 to 12
I report to the trustees on nry examination of the accounts of The Fry Art Gallery Society {"the FV,)
for the year ended 3111212024.
Responslbllltles and baskn of report
As the charity's trustees. you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 (Ihe Acf). l ￿port in respect of my examination of the
Fry's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I
have foll(Y•ved all the applicatk DireCt￿MS gNen try the Charity Comriwion under section 145(S)(b)
of the Act.
Independent examlnerfs statement
I have completed nry examination. I confirni that material matters have come to my attention in
connection with the examination which gives me cause to believe that in. any material respect:
the accounting records were rK)t kept in accordance wilh section 130 of the Charities Act;
the accounts did not acc￿1 with the accounting records;
the accounls did not compty wilh the applicable requirements conceming the form and
content of accounts set out in the Chanties (knourrts and Reports) Regulations 2008 other
than any requirement that the accounts give a Irue and fairf view which is nol a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with theexamination to
which attention should be drawn in Ihis report in order to enable a proper understanding of the
accounts to be reached.
Signed
Emma Wlliarrts ACA
20 February 2025

THE FRY ART GALLERY SOCIETY
Reglstered Charity No. 1167717
Statement of financial activities for the year ending 31 December 2024
Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
Note
Income from:
Grants, Donations and Membership fees,
Donations re Gallery Expansion
Charitable Activities
Other trading acts'vities
Investment income
Total incoming resources
34.719
30,113
64,831
62, 356
t,013
52,317
25,273
5,323
146,283
54,744
32,074
7,973
129,510
54,744
32,074
7,973
159,623
30,113
Expenditure on:
Raising funds
Additions to Permanent Collection donated to
North West Essex Charitable Trust
Charitable expenditure
Total charitable expenditure
17,707
17,707
21,600
17,408
68.610
103,724
17,408
98,610
133,724
47,241
90, 563
159,403
30,000
30,000
Net incoming resources
25,786
113
25,900
(13,121)
Fund balan￿$ brought foMard
At 1 January 2024
372,320
6.474
378,794
391,916
Transfer between funds
Fund balances carried fO￿ard
at 31 December 2024
{20,000)
20,000
378,107
26,587
404,694
378, 794
All amounts relate to continuing actp4itie5

THE FRY ART GALLERY SOCIETY
Reglstered Charity No. 1167717
Balance Sheet as at 31 December 2024
Unrestricted
funds
Restricted
funds
2024
2023
Flxed Assets
Freehold Propety
200.(XY)
200.000
2GY).000
Current assets
Sltndry Debtors
Cash at bank and in harKI
2.244
177,643
379,887
2.244
204.230
406,474
26,587
26,587
180.279
380,279
Currnnt Llablllllos
Creditors: amounts falling due within one year
Net assets
1.780
378.107
1,780
404,694
1,485
378, 794
26.587
Repr￿anted by:
Income funds
Unrestricted Funds
Restricted funds
Total funds
378.107
378.107
26,587
404,694
378, 794
26,587
26,587
378,107
378, 794
The financial statements were approved by the Trustees on 14th March 2025
D Oelman
Trustee
The notes following forni part of these financial st*ments

THE FRY ART GALLERY SOCIEfY Rag No. 1167717
Notes formlng part of tho financial statorn￿ for th• year endod 31 DKember 2024
1 Accountlng pollcl88
a) Basis of accounting
These financial statements have been prepared under the historical cost convention
in accordarKe vath Financial Reporb"ng Standard 102 and the Charities Act 2011
b) Incoming resouTrs
Incoming resources comprises income receivable in ￿pect of the accounling period from
members subscriptions. sales of pictures and other art related items, events and royalties.
Donations and grants are credited to the Statement of Financial Acbvitses when they are receNed,
c) ReSoU￿S expended
AFI expenditure is induded in the Statern￿ of financial aCtsVib￿ on an accruals basis and
has been dassIf￿d under the relevant type of expenditure.
Items purchased for resale such as books, rextiles and other items relevant to the Collection or the
exhibitions held that year are all expend&J in the year of purchase.
All additions to the pemianent collection have been d￿ated to The North West Essex Collection Trust
The Freehold Propety is at cost Expendilure on additsons is written off in the year of payment.
d) Funds
The charity maintains the folbwing fijnds:
UnrestrFcted - general funds for the use by ts charity in pursuance of its charitable objectives.
Designated - unrestricted funds that have been desvJnated by the trustees for a particular purpose,
namely pictu￿ purchase fund (£40,358).
Restricted . Sculpture purchase fund.
10

THE FRY ART GALLERY SOCIETY Reg No. 1167717
Notes fomiing part of the financial statements for the year ended 31 December 2024
Unrestncted
funds
Restricted
funds
Total 2024
Total 2023
2 Incoming Resources
Grants, Donations and Membership fees,
Membership subscriptions and donats'ons
Sculpture Appeal Donations
Permanent Collection Grants
20,419
20,419
30,113
350
13,500
450
64,831
20,745
6,474
24, 187
8, 000
2,950
62,356
30.113
350
Sponsorship of Exhibitions etc.
General sponsorship
13,500
450
34,719
30,113
Donations re gallery Expansion
Members and General public
1,013
1,013
Charitable activities
Income from Gallery sales
Income from Online Shop
Sale of donated pictures
49,469
5,276
49,469
5,276
44, 746
6,861
711
52,317
54,744
54,744
Other trading activities
Commission from selling exhibitions
Events, fees and royaSties etc
26,5TT
5,497
32,074
26,577
5,497
32,074
20,231
5,043
25,273
3 Expenditure
Raising Funds
Membership costs
Publicty & Subscriptions
Display and Selling exhibition expenses
Fundraising costs
5,491
1,925
9,567
724
17.707
5,491
1,925
9,567
724
17,707
5,469
6,482
6,687
2, 963
21,600
Charitable activities
Additions to Permanent Collection
donated to NWECT
Conservation and Curatorial
Gallery management
Gallery Lighting upgrade
Cost of Gallery sales
Support Costs
Website upgrade
Gallery Sculpture expenditure
17,408
11.591
20.454
9,700
23,924
1.985
956
17,408
11,591
20,454
9,700
23,924
1,985
956
30,000
116,017
47,241
14,280
19.782
36.027
1,797
270
18,407
137,803
30,000
30,000
86,017

THE FRY ART GALLERY SOCIETY Reg No. 1167717
Notes forming part of the financial statements lor the year ended 31 December 2024
Trustees. Remuneratlon and Expenses
No trustees received any remuneration during the year.
Expenses amounting to £Nil (2023.. £31) We￿ re-imbursed to trustees for travelling expenses.
4 Debtors
2024
2023
Debtors and payments in advance
2,244
5 Creditors
2024
2023
Creditors: amounts falling due within one year
1,780
1,485
6 Statement of Funds
At31
December
2024
At 1 January
2024
Income
Expenditu
Restricted funds
Sculpture Fund
Transfer from General Fund
Total Restricted funds
6.474
30,113
20,000
50,113
30,000
6,587
20,000
26,587
6,474
30,000
Unrestrl¢ted funds
General funds
Transfer to Sculpture Fund
120,030
127,225
89,508
20,000
157,747
-20,000
Sub Totsl
120,030
200,000
52.290
127,225
109,508
137,747
200,000
40,360
Fixed Asset- Fry Art Gallery
Designated Fund - New Purchases Fund
2,286
14,216
Total Unrestricted fvnds
372,320
129,511
123,724
378,107
Total funds
378,794
179,624
153,724
404,694
7 Analysis of net assets between funds
assets
liabilities
Total
Unrestricted funds
Restricted Funds
379,887
26,587
4C6,474
1,780
378,107
26,587
404,694
1,780
12