2023-03-31-accounts

			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	12

	FOR TH	E YEAR ENDED 31MA	RCH 2023
			2023	2022
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			36,044	52,568
Charitable activities
Gallery Activity			104,533	127,086
Investment income			32,248	34,864
Total			172,825	214,518
EXPENDITURE ON
Charitable activities
Gallery Activity			149,209	142,983
NET INCOME			23,616	71,535
RECONCILIATION	OF FUNDS
Total funds brought forward			283,719	212,184
TOTAL FUNDS CARRIED FORWARD			307,335	283,719

	BALANCE SHEET 31MARCH 2023
		2023	2022
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		254,569	255,223
CURRENT ASSETS
Stocks		1,825	1,600
Debtors		28,069	31,913
Cash at bank and in hand		98,354	48,683
		128,248	82,196
CREDITORS
Amounts falling due within one year		(75,482)	(53,700)
NET CURRENT ASSETS		52,766	28,496
TOTAL ASSETSLESSCURRENT
LIA.BILITIES		307,335	283,719
NET ASSETS		307,335	283,719
FUNDS
Unrestricted funds		307,335	283,719
TOTAL FUNDS		307,335	283,719

INVESTMENT INCOM	E
		2023	2022
Rents received		32,136	34,862
Deposit account interest		112	2
		32,248	34,864
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):

			2023	2022
Depreciation	—owned	assets	6,876	5,277

The average monthly number ofemployees during	the year was as follows:
	2023	2022
Administration	4	4

TANGIBLE FIXEDASSETS
		Improvements	Fixtures
	Freehold	to	and	Computer
	property	property	fittings	equipment	Totals
COST
At 1 April 2022 Additions	54,203	196,091	24,997 6,222	5,422	280,713 6,222
At 31March 2023	54,203	196,091	31,219	5,422	286,935
DEPRECIATION
At 1 April 2022 Charge for year		11,185 4,059	9,455 2,245	4,850 572	25,490 6,876
At 31March 2023		15,244	11,700	5,422	32,366
NET BOOKVALUE
At 31March 2023	54,203	180,847	19,519		254,569
At 31March 2022	54,203	184,906	15,542	572	255,223
STOCKS
				2023	2022
Stocks				1,825	1,600
DEBTORS:AMOUNTS FALLING DUE		WITHIN ONK YEAR
				2023	2022
Trade debtors				19,745	15,445
Other debtors				124	124
VAT					16,344
Prepayments and accrued income				8,200
				28,069	31,913

CREDITORS	: AMOUNTS FAL	LING DUE WITHIN ONE Y	EAR
				2023	2022
Other loans (see note 10)				25,000	25,000
Trade creditors				18,656	9,683
VAT				2,404
Other creditors				680	295
Accruals and deferred income				28,742	18,722
				75,482	53,700
LOANS
An analysis of	the maturity of loans is given below:
				2023	2022
Amounts falling due within one year on demand:
Other loans				25,000	25,000
MOVEMENT	IN FUNDS
				Net
				movement	At
			At 1/4/22	in fmds	31/3/23
Unrestricted	funds
General fund			283,719	23,616	307,335
TOTAL FUNDS			283,719	23,616	307,335
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			172,825	(149,209)	23,616
TOTAL FUNDS			172,825	(149,209)	23,616

			Net
			movement	At
		At 1/4/21	in funds	31/3/22
Unrestricted	funds
General fund		212,184	71,535	283,719
TOTAL FUNDS		212,184	71,535	283,719

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		214,518	(142,983)	71,535
TOTAL FUNDS		214,518	(142,983)	71,535

			Net
			movement	At
		At 1/4/21	in funds	31/3/23
Unrestricted	funds
General fund		212,184	95,151	307,335
TOTAL FUNDS		212,184	95,151	307,335

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		387,343	(292,192)	95,151
TOTAL FUNDS		387,343	(292,192)	95,151