2022-12-31-accounts - The Public Picture Gallery Fund, Birmingham

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	`Page`
`Trustees'Report`
`IndependentExaminer'sReport`	`5`
`StatementofFinancialActivities`	`6`
`BalanceSheet`	`7`
`Cashflowstatement`	`8`
`NotesformingpartoftheFinancialStatements`	`9`

		`Restricted`	`Unrestricted`
	`Note`	`JR Holliday`	`Public`	`2022`	`2021`
		`Bequest`	`Picture`	`Total`	`Total`
		`Fund`	`Gallery`
			`Fund`
		`£`	`£`	`£`	`£`
`Incomefrom:`
`Investmentincome`
`DividendandUKGovernmentStock`
`receipts`	`2`	`11,140`	`14,259`	`25,399`	`25,193`
`Interestonbankandmoney`
`marketdeposits`	`2`	`769`	`985`	`1,754`	`17`
`TotalIncome`		`11,909`	`15,244`	`27,153`	`25,210`
`Expenditureon:`
`Charitableactivities`
`Grants`	`3(a)`		`6,800`	`6,800`
`Governancecosts`	`3` `(b)`	`7,536`	`9,647`	`17,183`	`18,481`
`Lossondisposal`	`3(c)`	`550`	`704`	`1,254`
`Totalexpenditure`		`8,086`	`17,151`	`25,237`	`18,481`
`Excessofincomeoverexpenditure`		`3,823`	`(1,907)`	`1,916`	`6,729`
`Otherrecognisedgainsandlosses`
`Unrealisedinvestment(losses)/ gains`	`5`	`(30,800)`	`(39,423)`	`(70,223)`	`111,132`
`Netmovementinfunds`		`(26,977)`	`(41,330)`	`(68,307)`	`117,861`
`Reconciliationoffunds`
`Fundbalancesatthebeginningoftheyear`		`404,645`	`665,317`	`1,069,962`	`951,101`
`Fundbalancesattheendoftheyear`	`8`	`377,668`	`623,987`	`1,001,655`	`1,069,962`

		`2022`	`2021`
	`Note`	`£`	`£`
`Cashflowsfromoperatingactivities`
`Netcashfromoperatingactivities`	`11`	`375,492`	`6,771`
`Changeincashandcashequivalentsintheyear`		`375,492`	`6,771`
`Cashandcashequivalentsbroughtforward`		`182,231`	`175,460`
`Cashandcashequivalentscarriedforward`		`557,723`	`182,231`
`Thenotesonpages9 to15formpartofthesefinancialstatements.`

		`JRHolliday`	`PublicPicture`	`2022`	`2021`
		`BequestFund`	`GalleryFund`	`Total`	`Total`
	`Dividends`	`1 1,140`	`14,259`	`25,193`	`25,193`
	`OtherInterest`	`769`	`985`	`1,754`	`17`
		`11,909`	`15,244`	`27,153`	`25,210`
`3(a)`	`Grantspayable`
		`JR Holliday`	`PublicPicture`	`2022`	`2021`
		`BequestFund`	`GalleryFund`	`Total`	`Total`
	`FaisalHussain- WEMUSTNOT`
	`BE EXTREME`		`6,800`	`6,800`
			`6,800`	`6,800`	`18,481`
`3(b)`	`Governancecosts`
		`JR Holliday`	`PublicPicture`	`2022`	`2021`
		`BequestFund`	`GalleryFund`	`Total`	`Total`
	`Solicitors'fee`	`4,385`	`5,612`	`9,997`	`8,839`
	`Feesassociatedwithupdatesto`
	`theArticlesofAssociation`	`1,852`	`2,370`	`4,222`	`7,607`
	`AccountancyandIndependent`
	`Examinationfees`	`679`	`869`	`1,548`	`1,476`
	`HarrisAl1dayadminfee`	`536`	`687`	`1,223`	`480`
	`Sundryexpenses`	`85`	`108`	`193`	`79`
		`7,537`	`9,646`	`17,183`	`18,481`
`3(c)`	`Lossondisposal`
		`JR Holliday`	`PublicPicture`	`2022`	`2021`
		`BequestFund`	`GalleryFund`	`Total`	`Total`
	`Lossondisposalofinvestments`	`550`	`704`	`1,254`
		`7,537`	`9,646`	`17,183`	`18,481`

`reditors`
		`2022`	`2021`
		`Total`	`Total`
		`£`	`£`
`Accountancyandindependentexaminationfee`		`1,548`	`1,476`
`PurchaseoftheRaabe-WebberportraitofJohnAkomfrah`			`3,000`
`PurchaseofFaisalHussain— WEMUSTNOTBEEXTREME`		`6,800`
`Solicitor'sfees`		`7,897`
		`16,245`	`4,476`
`nalysisofnetassetsbetweenfunds`
	`JRHoliday`	`PublicPicture`	`2022`
	`BequestFund`	`GalleryFund`	`Total`
	`£`	`£`	`£`
`Investments`	`201,834`	`258,343`	`460,177`
`Netcurrentassets`	`175,834`	`365,644`	`541,478`
	`377,668`	`623,987`	`1,001,655`

		`Restricted`	`Unrestricted`
	`Note`	`JRHolliday`	`PublicPicture`	`2021`
		`BequestFund`	`GalleryFund`	`Total`
			`£`
`Incomefrom:`
`Investmentincome`
`DividendandUKGovernmentStock`
`receipts`	`2`	`11,050`	`14,143`	`25,193`
`Interestonbankandmoneymarketdeposits`
	`2`	`7`	`10`	`17`
`TotalIncome`		`11,057`	`14,153`	`25,210`
`Expenditureon:`
`Charitableactivities`
`Grants`	`3(a)`
`Governancecosts`	`3(b)`	`8,106`	`10,375`	`18,481`
`Totalexpenditure`		`8,106`	`10,375`	`18,481`
`Excessofincomeoverexpenditure`		`2,951`	`3,778`	`6,729`
`Otherrecognisedgainsandlosses`
`Unrealisedinvestmentgains/(losses)`		`48,743`	`62,389`	`111,132`
`Netmovementinfunds`		`51,694`	`66,167`	`117,861`
`Reconciliationoffunds`
`Fundbalancesatthebeginningoftheyear`		`352,951`	`599,150`	`952,101`
`Fundbalancesattheend oftheyear`		`404,645`	`665,317`	`1,069,962`

	`2022`	`2021`
	`£`	`£`
`Netincome/ (expenditure)fortheyear`
`(asperStatementofFinancialActivities)`	`(68,307)`	`117,861`
`Adjustmentfor:`
`Increase/ (decrease)increditors`	`11,769`	`42`
`Loss/ (Gain)onrevaluationofinvestments`	`70,223`	`(111,132)`
`Saleofinvestments`	`361,807`
`Netcashfromoperatingactivities`	`375,492`	`6,771`