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





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|||`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`<br>`(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`|





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|||`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.`||||





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|||`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`|<br>`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`|





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|`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`|



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|||`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`|





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||`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`|