2023-03-31-accounts

		Page
Legal and administrative	information
Trustees' report
Independent examiner's	report
Statement offfinancial	activities	10
Balance sheet
Notes to the financial statements

					Unrestricted		Restricted		Tote)		Totai
					Funds		Funds		Funds		Funds
				Note	2023		2023		2023		2022
INCOME AND ENDOWMENTS			FROM:
Charitable activities				2	186,328		78,000		276,328		379,275
TOTAL					186,328		79,000		278,328		379,275
EXPENDITURE ON:
Raising funds
Costs ofgenerating		voluntary
income Charitable activities					4,800 101040		4,800 130020330075				20!827
TOTAL EXPENDITURE				4	105049		130001		315475		250827
					478		(60,626)		(60,147)		122,448
					478		(60,626)		(609147)		122,448
	Of.	WMR'	—.
%NAL REiEKAT	1APRIL2022				43,558		141,439		184,997		62,549
TOTAL FUNDS AT	31MARCH		2023		044,1OB	5	00513	0	124250	5	104.997

		Notes
					31March		31Afarch
					2023		2022
					8
CURRENT ASSETS
Debtors					13,850		4,000
Cash at bank and in hand					11S,SSO		195,506
					133,840		199,506
CREDITORS: amounts	falling due
within one year					(8,780)		(14,509)
NET CURRENT ASSETS							184,997
TOTAL ASSETSLESS	CURRENT
LIABILITIES							184,997
TOTAL NET ASSETS				8	124,850	i	184,997
FUNDS
Unrestricted funds General fund		10			44,037	~5%I
					44PSl		44558
R stricted funds		10			SIGNS		fdt,dSS
				' E	- QQN ~...—;	=-'4'	sSSI(S(8F
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	Unrestricted	Unrestricted		Restricted		Total		Total
		Funds		Funds		Funds		Funds
		2023		2023		2023		'2022
		6		8		8
Grants for services
Events and exhibitions		102760		70000 ,		201760,		378,160
		182,780		78,000		261,760		378,160
Fee income		13,568				13,568		1,115
	8	10022s	8	70000	8	278220	2	370270

		Unrestricted	Unrestricted	Restricted				Total
			Funds	Funds				Funds
			2022	2022				2022
								5
			15E,750	225400				3701st
			15?750	228i,400.				378,150
			4115					10115
								2022
								6
Arts Council Enghnd								197,780
Art Fund								40,000
Creabve Scotland
Esmee Fairbaim						44,000		40,000
Garfield Weston						30,000
Hutchins Center forAfrican &AMcan		American	Research					6,000
Henry Moore Foundation						10,000
Outset Contemporary	Ait Fund					25,000
Paul Hamyln Foundation								71,000
Paul Mellon Centre								11,500
Prism - The Gift Fund								7,000
					2	261 700	2	3T0,100

RESOURCESEKPENDED									Total		Total
	Direct		Staff	Other direct			Support		Funds		Funds
			Costa		CoatS		CostS		2023		2022
			6		6		6		F		8
Cost ofcharitable
activities
Events and exhibitions		46,834			252,835		30,$06		330,875		258,827
Total charitable expenditure							30~		330,675		258,827
Costs cfnerstirg
voiunbay income
	8	ESsss		5	887885	5	seats	8	esetsss	8	25e827
Oclnpara8ve costofchalSab&„aggv65as
		Diect.s8stf.		OMerc0act
			costs		cosfs						Total 2022
			6								8
Castofaarftabts
acdvgfes
&enfs and exhibitions					191,706		21,029				258,827
Total chant able
expenditure		44,092			191,706		21,029				256,827
		44D92		8	797.755	2	27D29				255,827
SUPPORT COSTS									Total		Total
									Funds		Funds
									2023		2022
									6
Premises and office costs									85416		4368
Legal and professional									13E282		0,687
Trustees 8 meeting expenses									~v818		1,006
Independent Examination	Fee								1,780		1/SO
independent Examiner other		fees							'745		1.190
Other costs									2I286		2,738
STAFF NUMBERS AND COSTS
Wages and salaries									45r472		42,557
Social security costs									286		523
Pension costs									1,177		1,012
								6	46,834	8	44,092

DEBTORS
		31March		31March
Due within one year		2023f		2022f
Accrued income	f	13,650 13,650	f	4,000 4,000
CREINIORL AIMNBITB FAUJNG DUE WITHIN ONE YEAR
		31Mach		3f March
		2B23 E		2022f
.Trade ctetecas
¹cNI securIy'and5 @hercret5hss	aStartwsss 1,%i2 ~SS		I	1~ 45MI
			4	54.MI

								Transfers	Transfers	and	and
			Brought		Incoming		Resources		invesbnent				Canfed
			Forwardf	Resources f			Expended f	gains/tlossss)			f		Forwardf
RESTRICTED FUNDS Events and exhibitions	4		141,439 141,449		?8,000 ?8000	~138628 f 13862e							80,813
SUMMARY OF FUNDS General Funds Restricted Funds	4		43,668 144,444 1 88? $4	f	186,328 144444N 2? I	(1~ ~4441144 f 336			f	IQ		~f
Restriced funds are held forthe			following purposes:
Events and exhibitions	fund	is.foracthries for the pub3c				and art sectom			natiomffly	and		intemagonaNy
that aims at educating	the	public and.		art	sectors. Sharing innovation, promoting							progress and
diversity and fostering cooperation.
Comparative statement	offunds
									Transfers	and
			Brought		Incoming		Resources		investment				Cam'ed
			Forwardf		Resources		Expended f		gafnsfffosses)		f		Forward f
RESTRICTED FUNDS
Events and hibitiom	23,858 ~x144			4	225,400 4asrr		10?81 .		~e.			x	fdf.4% 444 s"
SUMMARY OFFt84DS Genaal Ftatds			SE881		f5'?5		f148~						4848SS
Funds			858 548	f	4IN PS	~0~78f ~E25I~			f	AM

			Unrestricted	Unrestricted	Funds
		Designated			General		Restricted			Total
			Funds 5		Funds 5		Funds 5			Fundsf
Net current	assets				44,037		80,013		124,850
		8	811	8	44.037	4	00,013	~k1		060
Comparative	analysis ofnet	assets between	funds
			Unrestricted		Funds
		Designated			General		Restricted			Total
			Funds 2		Funds		Fundsf			Funds
							141,439		154,997
		8	494	8	43830	8	443430	8	184.001

12 COMPARATIVE STATEMENT OF FINANCIAL ACTIVIllES	12 COMPARATIVE STATEMENT OF FINANCIAL ACTIVIllES
		Vnrestncted			Restricted	Total
			Funds		Funds	Funds
			2022		2022	2022
						8
INCOME AND ENDOWMENTS	FROM:
Charitable activities			153,875		225,400	379,275
EXPENDITURE ON: Charitable acbvities			149~		107,619	256,827
Net income			4,667		117,781	122.448
NET MOVEMENT IN FUNDS			4,867		117,781	122,448
TOTAL FUNDS AT 31 MARCH	2021		38,891		23,658	62,549
TOTAL FUNDS AT 31 NIARCH	2022	8	43,558	8	141,439 8	184,997