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|||Page|Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|2|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet||5|to|6|
|Notes to the Financial Statements||7|to|11|
|Detailed Statement of Financial Activities||12|to|13|
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||FOR TH|E YEAR ENDED 31MA|RCH 2022||
|---|---|---|---|---|
||||2022|2021|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM
Donations
and legacies|||52,568|51,038|
|Charitable
activities
Gallery Activity|||127,086|92,343|
|Investment
income|||34,864|26,935|
|Total|||214,518|170,316|
|EXPENDITURE ON|||||
|Charitable
activities
Gallery Activity
NET INCOME|||142,983
71,535|124,321
45,995|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward||212,184|166,189|
|.TOTAL FUNDS CARRIED FORWARD|||283,719'|212,184|
|||BALANCE SHEET
31MARCH 2022|||
|---|---|---|---|---|
||||2022|2021|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
||FIXEDASSETS||||
||Tangible assets||255,223|191,987|
||CURRENT ASSETS||||
||Stocks|7|1,600|1,600|
||Debtors|8|31,913|23,963|
||Cash at bank and in hand||48,683|27,422|
||||82,196|52,985|
||CREDITORS||||
||Amounts
falling due within one year||(53,700)|(32,788)|
||NET CURRENT ASSETS||28,496|20,197|
||TOTAL ASSETSLESSCURRENT||||
||LIABILITIES||283,719|212,184|
||NET ASSETS||283,719:212,184||
||FUNDS
Unr'estricted
funds||'.283,719|'
. 212,1.84|
|,|TOTAL FUNDS.||283;719|212,184|
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|Improvements|Improvements|to property|20%on cost||
|---|---|---|---|---|
|Fixtures|and|fittings|10%on reducing|balance|
|Computer|equipment.||Straight line over|3 years|
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|||2022|2021|
|---|---|---|---|
|Kents received||34,862|26,897|
|Deposit account interest||2|38|
|||34,864|26,935|
|NET INCOME/(EXPENDITURE)||||
|Net income/(expenditure)|is stated aAer charging/(crediting):|||
|||2022|2021|
|Depreciation
- owned assets||5,277|2,625|
|Deficit on disposal offixed assets|||6,137|
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|The average monthly
nuinber of'employees
during|the year was as follows:||
|---|---|---|
||2022|2021.|
|Adininistration|4|3|
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|6.||TANGIBLE FIXEDASS|ETS|||||
|---|---|---|---|---|---|---|---|
|||||Improvements|Fixtures|||
||||Freehold|to|aild|Computer||
||||property|property|fittings|equipment|Totals|
|||COST||||||
|||At 1 April 2021|54,203|130,005|22,570|5,422|212,200|
|||Additions||66,086|2,427||68,513|
|||At 31 March 2022|54,203|196,091|24,997|5,422|280,713|
|||DEPRECIATION||||||
|||At 1 April 2021||8,335|7,974|3,904|20,213|
|||Charge for year||2,850|1,481|946|5,277|
|||At 31 March 2022||11,185|9,455|4,850|25,490|
|||NET BOOKVALUE||||||
|||At 31 March 2022|54,203|184,906|15,542|572|255,223|
|||At 31March 2021|54,203|121,670|14,596|1,518|191,987|
|7.||STOCKS||||||
|||||||2022|2021|
|||Stocks||||1,600|1.,600|
|8.|.|DEBTORS:AMOUNTS|FALLING DUE|%ITHIN ONE YEAR||||
|||||||2022|. 2021|
|||Trade debtors||||15,445||
|||Other debtors||||124|1,347|
|||VAT||||16,344|22,616|
|||||||31,913|23,963|
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||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|
|Other loans (see note|||10)||||25,000||30,000|
|Trade creditors|||||||9,683||661|
|Other creditors|||||||295||282|
|Accruals and deferred income|||||||18,722||1,845|
||||||||53,700||32,788|
|LOANS||||||||||
|An analysis ofthe maturity ofloans is given below:||||||||||
||||||||2022||2021|
|Amounts
falling||due|within one year on demand:|||||||
|Other loans|||||||25,000||30,000|
|MOVEMENT||IN FUNDS||||||||
||||||||Net|||
||||||||movement||At|
|||||||At 1I4I21|in funds||31/3/22|
|Unrestricted|funds||.|||||||
|.General fund||||||2'12,184|71,535||283,719|
|TOTAL FUNDS||||||212,184|71,535||283,719|
|Net movement||in funds, included|||in the above are as follows:|||||
|||||||Incoming|Resources||Movement|
|||||||resources|'expended||in funds|
|Unrestricted|funds|||||||||
|General fund||||||214&518
'|(142~983)|'|7'1i535|
|TOTAL FUNDS||||||214,518:|(142,983)||71,535|
|Comparatives||for movement||in|funds|||||
||||||||Net|||
||||||||movement||At|
|||||||At 1/4/20|in funds||31/3/21|
|Unrestricted|funds|||||||||
|General fund||||||166;189|45;995||212,184|
|TOTAL FUNDS||||||166,189|45,995||212,184|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||170,316|(124,321)|45,995|
|TOTAL FUNDS||170,316|(124,321)|45,995|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/4/20|in funds|31/3/22|
|Unrestricted||funds||||
|General|fund||166,189|117,530|283,719|
|TOTAL|FUNDS||166,189|117,530|283,719|
|A.current yea
as follows:|r'12 months
and prior' year 12|months
combined
net movement
in|fun|ds, included.|in|the above|
|---|---|---|---|---|---|---|
|||Incoming|'|.Resources|.|Movement|
|||resources||expended||in funds|
|Unrestricted|funds||||||
|General fund||384,834||(267,304)||. 117,530|
|TOTAL FUNDS||384,834||(267,304)||. 117,530|
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||FOR THE YEAR ENDED|31MARCH 2022|||
|---|---|---|---|---|
|||2022||2021|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations||52,568||51,038|
|Investment
income|||||
|Rents received||34,862||26,897|
|Deposit account interest||2||38|
|||34,864||26,935|
|Charitable
activities|||||
|Sales||110,142||56,794|
|Grants||16,944||35,549|
|||127,086||92,343|
|Total incoming
resources||214,518||170,316|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages||69,006|'|60,35'0|
|Pensions||1,373||1233|
|Rates and water||4,098||6,882|
|Insurance||10,629||8,906|
|Light and heat||4,475||3,673.|
|Telephone||703||725|
|Postage and 'stationery||7,041||3,866|
|Advertising||525|.|1,808|
|Sundries||3,326||2,819|
|Cleaning
and laundry||678||508|
|Repairs and renewals||14,886||13,839|
|Shop purchases||3,662||2,674|
|Licences &subscriptions||.1,594||1,463|
|Travel and subsistence||196|'||
|Exhibition expenses||1,624|||
|Dep'n improvements|to property|2,.849||565|
|Dep'n fixtures &fittings||1,480||1,114|
|Dep'n computer
equipment
Loss on sale oftangible fixed assets||.946||946
6,137|
|Bank interest
and charges||4,051||2,111|
|Own art fees
'||.873'|||
|||134,015||119,619|
|Support costs|||||
|Governance
costs|||||
|Accountancy-||. 6,06I||4,702|
|Carried forward||6,061||4,702|
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|||FOR THE YEAR END|ED 31MARCH 2022||
|---|---|---|---|---|
||||2022|2021|
|Governance|costs||||
|Brought forward|||6,061|4,702|
|Legal and professional||fees|800||
|Bookkeeping|costs||2,107||
||||8,968|4,702|
|Total resources|expended||142,983|124,321|
|Net income|||71,535|45,995|