|Report ofthe Trustees||1 to8|
|---|---|---|
|Independent
Examiner's
Report to the Trustees|||
|Statement
of Financial|Activities|10|
|Statement of Financial|Position||
|Notes to the Financial|Statements|12to 21|
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|REFERENCE AND|REFERENCE AND|REFERENCE AND|AD|MINISTRA|TIVE
INFORMATION||||
|---|---|---|---|---|---|---|---|---|
|Name of Charity|||||Matt's Gallery
Limited||||
|Charity registration|||number||1169683||||
|Company|registration|||number|10231860||||
|Registered||address|||Matt's Gallery||||
||||||6Charles Clowes Walk||||
||||||London||||
||||||SW11 7AN||||
|Trustees|||||||||
|The trustees||and officers serving|||during the year and since the year end were|as|follows:||
||||||Miss Ashleigh
Barice||||
||||||Mr Abdullahi
Bashe (formerly||Abdullahi|Ahmed)|
||||||Mr Gabriel Coxhead||||
||||||(Appointed: 05September|2023)|||
||||||Mr Darryl De Prez||||
||||||Ms Jes Fernie||||
||||||Mr David Field||||
||||||Mr Robin Klassnik OBE||||
||||||Mr Matthew
Krishanu||||
||||||(Resigned: 05September|2023)|||
||||||Mrs Coline Milliard||||
||||||(Appointed
08June 2022)||||
||||||Ms Nayia Yiakoumaki||||
|Independent||examiner|||Andrew
M Wells FMAAT||||
||||||Counterculture
Partnership|LLP|||
||||||Unit 115Ducie House||||
||||||Ducie Street||||
||||||Manchester||||
||||||M1 2JW||||
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|||||Notes|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|||
||||||5|5|||
|income and
Donations
Charitable|endowments
and legaoes
activities||from:||189,922
71,199|85,825|235,747
71,199|414,299
123,347|
|Investments|||||195||195|48|
|Total|||||241,316|65,825|307,141|537,602|
|Expenditure
on:
Raising funds
Charitable
activities||||5/8
7/8|(29,378)
(335,984)|(91,158)|(29,378)
(427,140)|(17,501)
(312,858)|
|Total|||||(365,362)|(51,156)|(456,518)|(330,157)|
|Net Income/expenditure|||||(124,046)|(25,331)|(149,377)|207,535|
|Reconciliation
offunds|||||||||
|Total funds|brought|forward|||279,825|574,588|854,193|846,858|
|Total funds|carried|forward|||155,679|549,237|704,816|854,153|
##
|||Notes|2023|2022|
|---|---|---|---|---|
|Fixed assets|||||
|Tangible assets||14|632,614|622,232|
||||632,814|622,232|
|Current assets|||||
|Stocks||15|37,000|37,000|
|Debtors||16|25,242|25,981|
|Cash at bank and|in hand||78,461|244,052|
||||140,723|307,033|
|Creditors: amounts|falling due within one year|17|(68,721)|(75,072)|
|Net current assets|||72,002|231,961|
|Total assets less current liabilities|||704,816|654,193|
|Netassets|||704,816|854,193|
|The funds ofthe charity
Restncted
income funds||16|549,237|574,566|
|Unrestricted
income funds||18|155,579|279,625|
|Totalfunds|||704,816|854,193|
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||||Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||f|5||5|
|Donations|received||4,652|10,000|14,652|13,844|
|Grants received|||159,937|55,825|215,762|398,638|
|Subscriptions||received|5,333||5,333|1,817|
||||169,922|65,825|235,747|414,299|
##
|Analysis ofgrants re|ceived|||
|---|---|---|---|
|||2023|2022|
|Arffund|||35,789|
|Arts Council England|- NPO|156,207|156,207|
|Arts Council England|Capital Grant|20,000|86,742|
|Arts Council England|Kickstarter|12,400|111,600|
|Cockayne
Foundation||15,000||
|Elephant Trust||2,730||
|Henocq
Law Trust||1,000||
|Stanley Picker Trust||8,425|8,300|
|||215,762|398,638|
##
|3.Income from|charitable
activities|||
|---|---|---|---|
|||2023|2022|
|||6|6|
|Unrestricted|funds|||
|Advancement|ofvisual|||
|contemporary
art
Sales and commissions||71,199|123,347|
|4.Investment
income||||
|||2023|2022|
|||8||
|Unrestricted|funds|||
|Bank interest|receivable|195|46|
|||195|46|
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|xpenditure
|on generating
do|nations
and legacies|||
|---|---|---|---|---|
||||2023|2022|
||||6|5|
|Unrestriicted|funds||||
|Donations|||7,694|4,140|
||||7,694|4,140|
|xpenditure|on other trading|activities|||
||||2023|2022|
|||||5|
|Unrestricted|funds||||
|Shop costs|||21,684|13,361|
||||21,684|13,361|
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##
|osts ofcharita|ble
activities
by fund type|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2023|2022|
|||funds|funds|||
|||5||5|8|
|Advancement|of visual|114,674|35,308|149,982|100,587|
|contemporary
SUpport costs|art|221,310|55,848|277,158|212,069|
|||335,984|91,156|427,140|312,656|
##
|osts ofcharita|ble
activities
by activity type|||||
|---|---|---|---|---|---|
|||Activities|Support|2023|2022|
|||undertaken|costs|||
|||directlyf||||
|Supportcosts||||||
|Advancement|ofvisual|149,982|277,158|427,140|312,656|
|contemporary|art|||||
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|nalysis
ofsupp|ort costs||||
|---|---|---|---|---|
||||2023|2022|
|Advancement|ofvisual contemporary|art|||
|Management
IT and website|||185,891
18,995|142,775
13,233|
|Stationery
and|||4,860|3,723|
|telephone
Entertainment,|travel||915|891|
|etc|||||
|Bank and other
Insurance|charges||2,550
5,242|766
3,217|
|Property costs
Sundry
Irrecoverable
VAT|||43,054
10,526
2,625|39,218
3,002
793|
|Governance
costs|||2,500|4,451|
||||277,158|212,069|
|10.Net income/(expenditure)|10.Net income/(expenditure)|for the year|||
|---|---|---|---|---|
|This is stated|after charging/(crediting):||||
||||2023|2022|
|Depreciation|of owned fixed assets||55,526|8,987|
|Accountancy|fees||2,500|2,500|
|Staff pension|contributions||1,226|1,654|
##
|Total staff costs for the year ended 31 March 2023were.|||
|---|---|---|
||2023|2022|
|Salaries and wages|113,084|110,239|
|Social security costs|6,030|5,860|
|Pension costs|1,226|1,654|
||120,340|117,753|
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|Comparative
for the|State|ment of Financial Activities|||
|---|---|---|---|---|
||||Unrestncted|Restricted|
||||funds|funds|
|||||8|
|Income and endowments||from:|||
|Donations
and legaaes|||163,868|250,431|
|Charitable
activities|||123,347||
|Investments|||46||
|Total|||287,261|250,431|
|Expenditure
on:
Raising funds|||(17,501)||
|Charitable
activities|||(272,926)|(39,730)|
|Total|||(290,427)|(39,730)|
|Net income/expenditure|||(3,166)|210,701|
|Reconciliation
offunds|||||
|Total funds brought|forward||282,791|363,867|
|Total funds carried|forward||279,625|574,568|
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||Land and|Plant and||
|---|---|---|---|
|Cost or valuation|buildings|machinery|Total
5|
|At 01 Apnl 2022|627,714|6,675|636,369|
|Additions|66,108||66,106|
|At 31 March 2023|693,822|8,675|702,497|
|Depreciation
At 01 Apnl 2022|7,966|6,171|14,157|
|Charge for year
At 31 March 2023|54,525
62,511|1,001
7,172|55,526
69,683|
|Net book values||||
|At 31 March 2023|631,311|1,503|632,814|
|At 31 March 2022|619,728|2,504|622,232|
##
|Stocks an|d w|ork in progress|||
|---|---|---|---|---|
||||2023|2022|
||||8||
|Stocks of|raw|materials|37,000|37,000|
||||37,000|37,000|
|Debtors|||||
||||2023|2022|
||||6|f|
|Amounts|due|within one year:|||
|Trade debtors|||4,464|9,672|
|Prepayments||and accrued income|13,329|3,619|
|Other debtors|||7,429|12,690|
||||25,242|25,981|
##
##
|||2023|2022|
|---|---|---|---|
|||8|8|
|Trade creditors||30,917|26,825|
|Other creditors||7,504|12,143|
|Accruals and deferred|income|30,300|36,104|
|||68,721|75,072|
##
|Unrestricted|Funds||||||
|---|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Transfers|Balance at|
|||01/04/2022|resources|resources||31/03/2023|
|||6|6|||8|
|Designated|||||||
|Arbstic works||42,244|||(42,244)||
|Nine Elms||157,500||(44,535)|11,147|124,112|
|Development
Reserves|fund|33,000|||6,000|39,000|
|Website development||10,000|||(10,000)||
|General|||||||
|General||36,881|241,316|(320,827)|35,097|(7,533)|
|||279,626|241,316|(365,362)||155,579|
|Unrestricted|Funds - Previous year||||||
|||Balance at|Incoming|Outgoing|Transfers|Balance at|
|||01/04/2021|resources|resources||31/03/2022|
|||8||8|||
|Designated|||||||
|Artistic works||68,096||(25,852)||42,244|
|Nine Elms||157,500||||157,500|
|Development
Reserves|fund|21,000|||12,000|33,000|
|Website development||20,000||(10,000)||10,000|
|General|||||||
|General||16,195|287,261|(254,575)|(12,000)|36,881|
|||282,791|287,261|(290,427)||279,625|
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|Restricted
Fu|nds|||||
|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Balance at|
|||01/04/2022|resources|resources|31/03/2023|
|||8|||8|
|Artistic works||42,812|25,000|(35,308)|32,504|
|Intern fund||13,017|8,425|(11,908)|9,534|
|Nine Elms||518,739|32,400|(43,940)|507,199|
|Development|fund|||||
|||674,668|66,826|(91,166)|649,237|
|Restricted Funds - Previous year||||||
|Restricted Fu|nds - Previous year|||||
|---|---|---|---|---|---|
|||Balance at|Incoming|Outgoing|Balance at|
|||01/04/2021|resources|resources|31/03/2022|
|||8||8|8|
|Artistic works||28,999|45,789|(29,978)|42,812|
|Intern
fund||8,485|8,300|(1,788)|13,017|
|Nine Elms||328,383|198,342|(7,988)|518,739|
|Development|fund|||||
|||363,867|260,431|(39„730)|674,668|
##
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|Analysis
ofn|et assets between
funds||||
|---|---|---|---|---|
|||Tangible|Net current|Net Assets|
|||fixed assets|assets I||
||||(liabilities)||
||||6||
|Unrestricted|funds||||
|General|||||
|General||1,503|(9,036)|(7,533)|
|Designated|||||
|Nine Elms Development||124,112||124,112|
|fund|||||
|Reserves|||39,000|39,000|
|Restricted funds|||||
|Artistic works|||32,504|32,504|
|Intern fund|||9,534|9,534|
|Nine Elms Development||507,199||507,199|
|fund|||||
|||632,814|72,002|704,816|
##
|Previous year||||
|---|---|---|---|
||Tangible|Net current|Net Assets|
||fixed assets|assets I||
|||iliabilitiesi||
|||6||
|Unrestricted
funds||||
|General||||
|General|2,504|34,377|36,881|
|Designated||||
|Artistic works||42,244|42,244|
|Nine Elms Development|100,989|56,511|157,500|
|fund||||
|Reserves||33,000|33,000|
|Webslte development||10,000|10,000|
|Restricted funds||||
|Artistic works||42,812|42,812|
|Intern fund||13,017|13,017|
|Nine Elms Development|518,739||518,739|
|fund||||
||622,232|231,861|854,183|
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