2021-03-31-accounts - Matt's Gallery Limited

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Report ofthe Trustees		1 to 7
Independent Examrners	Report to the Trustees
Statement of Financial	Actrrrrtres
Statement of Finanoal	Position	10
Cashflow Statement
Notes to the Financial Statements		12to 21

REFERE	NCE AND A	D	MINISTRA	TIVE INFORMATION
Name of	Charity			Matt's Gallery	Limited
Charity rsgistrafion		number		1169683
Company	registration		number	10231860
Principal	address			92Webster Road
				London
				SE164DF
Trustees
The trustees and officers serving				during the year and since the year end were as follows:
				Ms Lucy Byatt
				(Resigned 08	December 2020)
				Mr Darryl De Prez
				Mr David Field
				(Appointed 08December 2020)
				MsJes Femie
				(Appointed: 02 March 2021)
				Ms Cari Hand
				(Resigned 08	December 2020)
				Ms Marcelle Joseph
				Mr Robin Klassnik
				Mr Matthew Krishanu
				Ms Nayia Yiakoumaki
				Mr Chnstopher	Turner
				(Resigned: 02	March 2021)
Independentexaminer				Andrew M Wells FMAAT
				Counterculture	Partnership	LLP
				Unit 115Dude	House
				Ducie Street
				Manchester
				M1 2JW

		2021		2020
Cash flow from operating activities
Cash generated from operations		316,274		174,528
Dividends, interest and rent from investments		88		114
Purchase oftangible assets		~11		~94 920
		~51
		265,052		79,722
Cash and cash equivalents at beginning	ofyear	262	1	12 78
Cash and cash equivalents at end ofyear
Cash generated from operations
Net movement in funds		204,408		182,176
Adjustments for.
Depreciation and amortisation offixed assets		1,735		257
Dividends, interest and rent from investments			(88)	(114)
Movement in working capital
(Increase)/decrease in stocks
(Increase)/decrease in debtors Increase/(Decrease) in creditors		71,721 ~498		(22,916) ~11
Cash generated from operations

ncome from donations	s	nd	legacies
					Unrestricted	non&rioted	2021	2020
					funds	funds
					E	E
Donations recewed					7,784	2,624	10,408	9,297
Grants received					158,207	218,155	376,362	330,581
Subscriptions received —Friends and				Patrons	6,700			10,423
					172,691	220,779	393,470
Analysis ofgrants received
							2021	2020
							E
Arts Council England	- NPO						156,207	153,385
Ans Council England	Capital		Grant Cockayne				56,222	37,037
Dundee University								25,000
Educate Me								1,500
Elephant Trust
Foyle Foundation								2,500
Frame Finland
Garfield Weston Foundation			Henrocq	Law				3,359
Trust
Henry Moore Foundation		London Borough of					3,000
Wand sworth Outset								1,050
Stanley Picker Trust							41,625
Wellcome Trust							2,500	22,500
							7,860	7,250
							68,948	17,000
							376,382	330,681
ncome from charitable	scthrltles
							2021	2020
							E	E
Unrestricted funds
Advancement ofvisual
contemporary arf
Sales and commissions							130,226	160,905

Support costs
Advancement	ofvisual
contemporary	art

Total staff costs for the year ended 31 March 2021 were:
	2021	2020
	f	8
Salaries and wages	103,619
Sooal secunty costs	6,305	8,021
Pension costs	1,788	1,133
	111,712	98,373

Comparative for th	e State	ment ofFinancial Activities
			Unrestricted	Restricted	Total 2020
			funds	funds
			6	f
Income and endowments		from:
Donauons and legacies			173,105	177,196	350,301
Charitable acbvrties			160,905		160,905
Other trading activites			33,925		33,925
Investments			114		114
Total			388,049	177,198
Expenditure on:
Raising funds			(106,549)		(108,549)
Chants bie activities			(189,657)	(64,663)	(254,520)
Total			(298,408)	(84,883)	(383,089)
Transfers between	funds		10,047	(10,047)
Net movement In funda			79,890	102,488	182,178
Reconciliation offunds
Total funds brought	forward		162,057	96,017	260,074
Total funds carried	forward		241,747	200,603	442,250

			Land and	Plant and
Cost or valuation			Bugdlngs	Machinery	Total
			6	6	6
At 01 April 2020			94,736	6,296	101,034
Additions			51,310		51,310
At 31 March 2021			145,048	6,296	162,345
Depreciauon
At 01 April 2020				3,435	3,435
Charge for year				1,735	1,735
At 31 March 2021				5,170	5,170
Net book values
At 31 March 2021				1,126	147,175
At 31 March 2020				2,861	97,599
16.Stocks and work in	progress
				2021	2020
					6
Stock - print portfolios,		books, edibons		37,000	37,000
				37,000	37,000
17.Debtors
				2021	2020
				6	6
Amounts due within		one year:
Trade debtors				3,611	66,267
Prepayments and accrued income				13,676	3,636
Other debtors				915
				18404	89,926
18.Creditors: amounts	falling due within one year
				2021	2020
				6	6
Trade creditors				34,123	7,410
Other creditors				11,761	24,464
Accruals and deferred		income			12,500
				82,872	44,374

		Balance at	Incoming	Outgoing	Transfers	Balance al
		01/04/2020	resources	resources		31/03/2021
						5
Artistic works		10,536	71,572	(55,109)		26,999
intern fund		4,931	5,860	(2,306)		8,485
Nine Elms		185,036	143,347			328,383
Development	fund
		200,503	220,779	(57,416)		363,867
Restricted Funds - Previous year
		Balance at	Incoming	Outgoing	Transfers	Balance at
		01/04/2019	resources	resources		31/03/2020
				5
Artistic works		52,580	25,410	(59,407)	(8,047)	10,536
Intern fund		4,937	7,250	(5,256)	(2,000)	4,931
Nine Elms		40,500	144,536			185,036
Development	fund
		98,017	177,196	(64,663)	(10,047)	200,503