2023-03-31-accounts - Outside In Art

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			Page
Report ofthe Trustees		1	to	9
Independent Examiner's	Report		10
Statement ofFinancial	Activities
Balance Sheet			12
Cash Flow Statement			13
Notes to the Cash Flow	Statement		14
Notes to the Financial Statements		15	to	22
Detailed Statement ofFinancial Activities		23	to	24

							2023	2022
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	fund	funds	funds
			Notes		6			f,
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			2	527,168			527,168	438,877
Trading activities Investment income			3 4	61,494 13261			61,494 13,261	10,646 ~12977
Total				601923			601 923	~462 011
EXPENDITURE	ON
Raising funds			5	38,814			38,814	5,638
Charitable activities
Charitable activities				~532216	903		533 519	470762
Total				571 030	903		571 933	476,400
Net gains/(losses) investments	on					~140996	~140,996	14,364
NKT
INCOME/(EXPENDITURE)				30,893	(903)	(140,996)	(111,006)	464
RECONCILIATION		OF
FUNDS
Total funds brought		forward		130,860	8,000	1,094,341	1,233,201	1,232,737
TOTAL FUNDS	CARRIED
FORWARD				161753	7097	953345	1,122195	1233201

						2023	2022
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes					f,
FIXEDASSETS
Tangible assets			1,251			1,251	4,667
Investments					~870 343	870343	955,048
			1,251		870,343	871,594	959,715
CURRENT ASSETS
Debtors		10	18,445			18,445	23,480
Investments Cash at bank and in hand		11	212 513	~7097	83,002	83,002 219 610	139,293 327 771
			230,958	7,097	83,002	321,057	490,544
CREDITORS
Amounts falling due within	one
year		12	(70,456)			(70,456)	(217,058)
NET CURRENT ASSETS			160.5D2	7 D97	83 D02	250 601	273 486
TOTAL ASSETSLESS
CURRENT LIABILITIES			161,753	7,097	953,345	1,122,195	1,233,201
NET ASSETS			161,753	7 097	953345	1122195	1,233 201
FUNDS		13
Unrestricted funds						161,753	130,860
Restricted funds						7,097	8,000
Endowment funds						~953345	~1094341
TOTAL FUNDS						1,122 195	I 233201

		2023	2022
	Notes
Cash flows from operating activities Cash generated from operations	1	~121,422	135,875
Net cash (used in)/provided by operating	activities	~121,422)	135,875
Cash flows from investing activities
Purchase offixed asset investments		(710,402)	(107,097)
Sale offixed asset investments		654,111
Sale ofcurrent asset investments		56,291	107,097
Dividends received		~13 261	12977
Net cash provided by investing activities		~13 261	12,977
Change in cash and cash equivalents the reporting period	in	(108,161)	148,852
Cash and cash equivalents at the beginning ofthe reporting period		~327 771	~178919
Cash and cash equivalents at the end the reporting period	of	~219 610	~327771

	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	TO NET CASH	FLOW FROM
	OPERATING ACTIVITIES
						2023	2022
	Net (expenditure)/income	for the reporting		period (as per the
	Statement ofFinancial Activities)					(111,006)	464
	Adjustments for:
	Depreciation charges					3,416	11,981
	Losses/(gain) on investments					140,996	(14,364)
	Dividends received					(13,261)	(12,977)
	Decrease/(increase) in debtors					5,035	(2,279)
	(Decrease)/increase in creditors					~146602	~153050
	Net cash (used in)/provided		by operations			~121422)	135875
2.	ANALYSIS OF CHANGES		IN NET FUNDS
					At 1.4.22	Cash flow	At31.3.23
	Net cash
	Cash at bank and in hand				~327 771	~108 161	219,610
					327,771	~108,161	~219610
	Liquid resources
	Deposits included in cash
	Current asset mvcstments				139,293	~56291	83,002
					~139 293	~56 291	~83 002
	Total				467,064	~164452	302612

.	DONATIONS AND L	E	GACIE	S
							2023	2022
	Donations						93,950	4,740
	Grants						418,543	423,767
	Friends subscriptions						175	120
	Patrons subscriptions						14500	10,250
							527,168	~438 877
	Grants receivable include		grants	from	the following	organisations:
							2023	2022
	Paul Hamlyn Foundation						106,032	100,600
	George Dannatt Trust						10,000	10,000
	John Booth Charitable	Foundation						5,000
	John Ellerman Foundation						40,000	20,000
	Garfield Weston Foundation						40,000
	The Roddick Foundation						33,000
	Chalk Cliff Trust							3,000
	British Art Network						1,750
	Paradise Row						14,150
	Venture Arts Northern	Initiative					6,325
	Card Factory							1,000
	Colin Norton - Supporter		Exhibition		Fund		18,750
	Project Art Works						7,500
	Arts Council England	NPO					101,840	101,840
	Exploring Collections,	Poole Museum					6,134
	Arts Council England	Outreach		%Digital Development			2,655	23,897
	The 29th May 1961Charitable			Trust				8,000
	Art Fund							10,000
	Coventry City Council							4,562
	Cultural Recovery Fund							95,000
	Arts Society						4,500	1,500
	The Sussex Community		Foundation
	National Heritage Lottery Fund						6,740	20,360
	Linbury Trust						19,167	15,000
							418,543	419759
3.	TBADING ACTIVITIES
							2023	2022
	Art work and postcard	sales					54,968	10,646
	Sponsorships						6,000
	Other revenue						526
							61,494	~10646

			2023	2022
Dividend	income		~13261	12,977
RAISING	FUNDS
Raising donations		and legacies
			2023	2022
Support costs			~10 611	171
Other trading activities
			2023	2022
Purchases			~28203	~5467
Aggregate	amounts		38 814	5638

STAFF COS	TS
				2023	2022
				8
Wages and salaries				280,525	231,879
Social security Other pension	costs costs			20,444 ~5901	16,201 ~5140
				~306870	253,220
The average monthly		number ofemployees	during the year was as follows:
				2023	2022
Charitable				12	10

8.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
				Art	Website
				collections	redevelopment	Totals
				f.
	COST
	At 1stApril 2022 and 31stMarch 2023			550	~44 686	~45 236
	DEPRECIATION
	At 1stApril 2022 Charge for year				40,569 ~3416	40,569 ~34!6
	At 31stMarch 2023				43,985	~43 985
	NET BOOKVALUE
	At 31stMarch 2023			550	701	~1251
	At 31stMarch 2022			550	~4117	4,667
9.	FIXEDASSETINVESTMENTS
					Cash and
				Listed	settlements
				investments	pending	Totals
				8
	MARKET VALUE
	At 1st April 2022			955,048		955,048
	Additions			265,448	444,954	710,402
	Disposals			(477,524)	(200,000)	(677,524)
	Revaluations			~117583)		~117583)
	At 31stMarch 2023			625,389	~244 954	~870343
	NET BOOK VALUE
	At 31stMarch 2023			625,389	~244 954	870343
	At 31stMarch 2022			955 048		~955 048
	There were no investment	assets outside the UK.
	Cost or valuation at 31stMarch 2023 is represented		by;
					Cash and
				Listed	settlements
				investments	pending	Totals
				6
	Valuation in 2023			625 389	244,954	870,343

10.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
				I
	Trade debtors			6,871	2,611
	Other debtors			375	4,547
	Prepayments and accrued income			~II 199	~16 322
				18,445	23480
11.	CURRENT ASSET INVESTMENTS
				2023	2022
	Investment cash			83 9112	~139 93
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
	Trade creditors			13,893	6,888
	Social security and other taxes			5,321	4,681
	Other creditors			1,244	1,176
	Accruals and deferred income			~49 998	~204 313
				~70 456	~217058
13.	MOVEMENT IN FUNDS
				Net
				movement	At
		At	1.4.22	m funds	31.3.23
			f.
	Unrestricted funds
	General fund	130,860		30,893	161,753
	Restricted funds
	Lund Humphries		8,000	(903)	7,097
	Endowment funds
	Outside In Endowment Fund	1,094,341		(140,996)	953,345
	TOTAL FUNDS	~1233,201		~II I 006)	~1122195

Net movement in fu	nds,	included	in the abov	e are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
					6
Unrestricted funds
General fund				601,923	(571,030)		30,893
Restricted funds
Lund Humphries					(903)		(903)
Endowment funds
Outside In Endowment		Fund				(140,996)	(140,996)
TOTAL FUNDS				~601 923	~571 933)	~140996)	~111006)
Comparatives for	movement		in funds
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.22
					E
Unrestricted funds
General fund				143,560	(5,425)	(7,275)	130,860
Restricted funds
Sussex Community Foundation Lund Humphries Wellcome (Exploring Collections)				(2,300) 8,000 ~3500	(5,470) ~3005)	7,770 ~495)	8,000
				9,200	(8,475)	7)275	8,000
Endowment funds
Outside In Endowment		Fund		1,079,977	14,364		1,094,341
TOTAL FUNDS				~l,232 737	464		1,233,201

			Incoming	Resources	Gains snd	Movement
			resources	expended	losses	in funds
				f
Unrestricted funds
General fund			462,500	(467,925)		(5,425)
Restricted funds
Sussex Community Foundation Wellcome (Exploring Collections)				(5,470) ~3005)		(5,470) ~3005
				(8,475)		(8,475)
Endowment funds
Outside In Endowment	Fund				14,364	14,364
TOTAL FUNDS			~462 500	~476 400)	~14 364	464
A current year 12 months		and prior year 12months	combined	position is as follows:
				Net	Transfers
				movement	between	At
			At 1.4.21	in funds	funds	31.3.23
				6		f,
Unrestricted funds
General fund			143,560	25,468	(7,275)	161,753
Restricted funds
Sussex Community Foundation Lund Humphries Wellcome (Exploring Collections)			(2,300) 8,000 3 500	(5,470) 7,770 (903) ~3,005) ~495)		7,097
			9,200	(9,378)	7,275	7,097
Endowment funds
Outside ln Endowment		Fund	1,079,977	(126,632)		953,345
TOTAL FUNDS		~1232737		~110542)		~1122195

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				6
Unrestricted funds
General fund			1,064,423	(1,038,955)		25,468
Restricted funds
Sussex Community	Foundation			(5,470)		(5,470)
Lund Humphries Wellcome (Explormg		Collections)		(903) ~3,005)		(903) ~3,005)
				(9,378)		(9,378)
Endowment funds
Outside In Endowment		Fund			(126,632)	(126,632)
TOTAL FUNDS			I 064423	(1~048 333)	~126632)	(110542)