|Trustees:|Deborah Bowman|Chair|Appointed|2nd February 2022| |---|---|---|---|---| ||James Willington|Treasurer|Appointed|29'"January 2020| ||Dr Emma Whicher||Appointed|10'"June 2018| ||Dr Faisil Sethi||Appointed|4' February 2019| ||Elizabeth Neilson||Appointed|12'"December 2019| ||Angela Samata||Appointed|4' December 2019| ||Totn Ewing||Appointed|4'"December 2019| ||Amie Corry||Appointed|4'"December 2019| ||Pravin Fernando||Appointed|12
July 2021| |Chief Executive:|Tim A Shaw|||| |Director:|Niamh White|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unre-|Restric-||Restated|Restated|Restated| |---|---|---|---|---|---|---|---|---|---|---| ||||||stricted|ted|Total|Unre-|Restric-|Total| ||||||funds|funds|funds|stricted|ted|funds| ||||||||2022|funds|funds|2021| |||||Notes||||||| |Income from:||||||||||| |Donations,
grants|||||188,937|241,691|430,628|119,139|246,102|365,241| |and legacies||||||||||| |Charitable
activities||||2|178,291||178,291|66,250||66,250| |Other trading|activi-|||3|159,876||159,876|194,721||194,721| |ties||||||||||| |Other income|—gov-|||||||40,371||40,371| |ernment
grants||||||||||| |Total income|||||527,104|241,691|768,795|420,481|246,102|666,583| |Expenditure|on:|||||||||| |Raising funds|||||54,262|6,798|61,060|39,722|38,938|78,660| |Charitable
activities|||||352,049|391,235|743,284|71,537|224,862|296,399| |Total expenditure||||4|406,311|398,033|804,344|111,259|263,800|375,059| |Net income|||||120,793|(156,342)|(35,549)|309,222|(17,698)|291,524| |Transfer between||||13|(18,248)|18,248||(94,052)|94,052|| |funds||||||||||| |Net movement||in|||102,545|(138,094)|(35,549)|215,170|76,354|291,524| |funds||||||||||| |Reconciliation||of||||||||| |funds||||||||||| |Funds balances|||||320,636|161,144|481,780|105,466|84,790|190,256| |brought
forward|||at|||||||| |31Mar 2021||||||||||| |Fund balances||car-|||423,181|23,050|446,231|320,636|161,144|481,780| |ried forward|at||31|||||||| |March 2022||||||||||| ## ## ## |||||2022|2022|Restated|Restated| |---|---|---|---|---|---|---|---| |||||||2021|2021| ||||Notes||||| |Fixed assets|||||13,072||16,068| |Tangible|assets||||||| |Current|assets||||||| |Stock|||10|2,176||380|| |Debtors||||115,629||80,973|| |Cash at bank and in||hand||348,956||412,149|| |||||466,761||493,502|| |Current|liabilities||||||| |Creditors:|Amounts|due in less than one|12|(33,602)||(27,790)|| |year|||||||| |Net current assets||||433,159|||465,712| |Total net|assets||||446,231||481,780| |The funds ofthe charity:|||||||| |Restricted|funds||||23,050||161,144| |Unrestricted
funds|||||||| |Designated
Funds|||||2600083||127,119| |General|Funds||||163,098||193,517| ||||||423,181||320,636| |Total funds|||13||446,231||481,780| |||||||2022|2021| |---|---|---|---|---|---|---|---| ||||||Notes||| |Cash flows from operating
activities:|||||||| |Net cash provided
by operating
activities|||||A|(63,193)|237,583| |Cash flows from investing
activities:|||||||| |Purchase oftangible
fixed assets|||||||(978)| |Net cash provided
by investing
activities|||||||(978)| |Change in cash and cash equivalents|in the year|||||(63,193)|236,605| |Cash and cash equivalents
at 31March 2021|||||B|412,149|175,544| |Cash and cash equivalents
at 31March 2022|||||B|348,956|412,149| |Notes to the statement
ofcash flows|for the year to 31March 2022||||||| |A Reconciliation
ofnet movement
in funds to||net cash provided||by|operating|activities|| |||||||2022|2021| |Net movement
in funds (as per the statement||offinancial|activities)|||(35,549)|291,524| |Adjustments
for:|||||||| |Depreciation
charge||||||2,996|2,812| |(Increase) in debtors||||||(36,452)|(39,092)| |Increase/(decrease)
in creditors||||||5,812|(18,639)| |Net cash provided
by operating
activities||||||(63,193)|236,605| |BAnalysis ofcash and cash equivalents|||||||| |||||||2022|2021| |Cash at bank and in hand||||||348,956|412,149| |Total cash and cash equivalents:||||||348,956|412,149| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unre-|Restric-|2022|Unre-|Restric-|2021| |---|---|---|---|---|---|---|---|---| ||||stricted|ted||stricted|ted|| ||||funds|funds|funds|fun(is|funds|funds| |Donations|||114,076||114,076|113,952|78,938|192,890| |Donations|in kind (note 4)||45,133|66,620|111,753||1,300|1,300| |Grants received|||29,728|175,071|204,799|5,187|165,864|171,051| |Total|||188,937|241,691|430,628|119,139|246)102|365,241| |CHARITABLE ACTIVITIES||||||||| ||||Unre-|Restric-|2022|Restated|Restated|2021| ||||stricted|ted||Unre-|Restric-|| |||||||stricted|ted|| ||||funds|funds|funds|funds|funds|funds| |Project contributions||from||||||| |NHS Hospitals|||178,291||178,291|46,250||46,250| |Project contributions||f'rom||||||| |Norwich|University|ofthe||||20,000||20,000| |Arts||||||||| |Total|||178,291||178,291|66,250||66,250| ## ||||Unre-|Restric-|2022|Unre-|Restric-|2021| |---|---|---|---|---|---|---|---|---| ||||stricted|ted||stricted|ted|| ||||funds|funds|funds|funds|funds|funds| |Hauser and Wirth||Annual|80,650||80,650|72,083||72,083| |Auction||||||||| |Shipping|k, Handling||2,927||2,927|||| |Editions|sales||37,105||37,105|4,208||4,208| |Other merchandise||sales|9,285||9,285|118,430||118,430| |Film Commission|||29,909||29,909|||| |Total|||159,876||159,876|194,721||194,721| ## ## |4.|TOTAL EXPENDITURE||||||| |---|---|---|---|---|---|---|---| |||Unre-|Restric-|2022|Unre-|Restric-|2021| |||stricted|ted|funds|stricted|ted|funds| |||funds|funds||funds|funds|| ||Raising funds||||||| ||Merchandise
purchases
and||||||| ||other fundraising
cost|39,324|6,798|46, 122|39,722|38,938|78,660| ||Staff cost (note 6)|14,938||14,938|||| ||Costs directly allocated to||||||| ||activities||||||| ||Artists commissions|49,122|114,445|163,567||36,752|36,752| ||Staffcost (note 6)|54,900|157,618|212,518||104,240|107,703| ||Artwork creation and installa-|42,823|55,436|98,259||5,804|5,804| ||tion||||||| ||Transportation|2,150|3,497|5,647|45|802|847| ||Exhibitions,
art workshops|9,681|38,684|48,365|6|38,062|38,068| ||and||||||| ||live events||||||| ||Other direct costs|19,788|21,555|41,343|209|3,081|3,290| ||Support costs allocated to||||||| ||activities||||||| ||Staff cost (note 6)|78,320||78,320|57,050|896|57,946| ||Depreciation|2,996||2,996|2,812||2,812| ||Accountancy
fees|23,310||23,310|8,178|2,250|10,428| ||Governance
costs (note 5)|1,000||1,000|900||900| ||Office rent|34,890||34,890|13,822|5,644|19,466| ||Other support
expenditure|33,069||33,069|(14,948)|27,331|12,383| ||Total|406,311|398,033|804,344|111,259|263,800|375,059| ## ## ||||Unre-|Re-|2022|Unre-|Restric-|2021| |---|---|---|---|---|---|---|---|---| ||||stricte|stric-||stricted|ted|| |||||ted||||| ||||funds|funds|funds|funds|funds|funds| |Independent|Examiner|fee|1,000||1,000|900||900| |Total|||1,000||1,000|900||900| ## |||2022|2021| |---|---|---|---| |Salaries||273,125|162,036| |Social security costs||26, 102|| |Pension|contributions|6,549|3,613| |||305,776|165,649| ## ## |||||2022|2021| |---|---|---|---|---|---| |Depreciation||||2,995|2,812| |Staff costs (note 6)||||305,776|165,649| |Independent|Examiner's|remuneration|—current year|1,000|| |Independent|Examiner's|remuneration|—prior year||900| ## ## |ANGIBLE FIXEDASSETS|||| |---|---|---|---| ||Artwork|Computer|Total| |||equipment|2022| |Cost|||| |On 1 April 2021|26,000|1,582|27,582| |Additions|||| |At 31March 2022|26,000|17582|27,582| |Depreciation|||| |On 1 April 2021|11,000|514|11,514| |Charge for the year|2,600|396|2,996| |At 31March 2022|13,600|910|14,510| |Net book values:|||| |At 31March 2022|12,400|673|13,072| |At 31March 2021|15,000|1,068|16,068| ## ## |2022|Restated| |---|---| ||2021| |2,176|380| |2,176|380| ## |||2022|Restated| |---|---|---|---| ||||2021| |Aged debtors||108,127|57,129| |Prepayments|and other debtors|7,502|23,844| |||115,629|80,973| ## |||2022|2021| |---|---|---|---| |Expense creditors|and accruals|4,466|2,404| |Social security and|pension liability|10,151|3,357| |Deferred income|||17,847| |Other creditors||18,985|4,182| |||33,602|27,790| ## ## |||||||Trans fers|At| |---|---|---|---|---|---|---|---| ||||Restated at|||between|31March| ||||1 April 2021|Income|Expenditure|funds|2022| |Restricted|funds||161,144|241,691|(398,033)|18,248|23,050| |Unrestricted||funds|320,636|527,104|(406,311)|(18,248)|423,181| |Total funds|||481,780|768,795|(804,344)||446,231| ## |||31March 2022|| |---|---|---|---| ||Unrestricted|Restricted|| ||funds|funds|Total| |Tangible fixed assets|13,072||13,072| |Net current assets|410,109|23,050|433,159| ||423,181|23,050|446,231| |||31March 2021|| |---|---|---|---| ||Restated|Restated|| ||Unrestricted|Restricted|Total| ||funds|funds|| |Tangible fixed assets|16,068||16,068| |Net current assets|304,568|161,144|465,712| ||320,636|161,144|481,780| ## ##