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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet||5|to|6|
|Notes to the Financial Statements||7|to|12|





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||FOR TH|E YEAR ENDED 31MA|RCH 2023||
|---|---|---|---|---|
||||2023|2022|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations<br>and legacies|||36,044|52,568|
|Charitable<br>activities|||||
|Gallery Activity|||104,533|127,086|
|Investment<br>income|||32,248|34,864|
|Total|||172,825|214,518|
|EXPENDITURE ON|||||
|Charitable<br>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|





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||BALANCE SHEET<br>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<br>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<br>funds||307,335|283,719|
|TOTAL FUNDS||307,335|283,719|





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|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|



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|The average monthly<br>number ofemployees<br>during|the year was as follows:||
|---|---|---|
||2023|2022|
|Administration|4|4|





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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||Improvements|Fixtures|||
||Freehold|to|and|Computer||
||property|property|fittings|equipment|Totals|
|COST||||||
|At 1 April 2022<br>Additions|54,203|196,091|24,997<br>6,222|5,422|280,713<br>6,222|
|At 31March 2023|54,203|196,091|31,219|5,422|286,935|
|DEPRECIATION||||||
|At 1 April 2022<br>Charge for year||11,185<br>4,059|9,455<br>2,245|4,850<br>572|25,490<br>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<br>and accrued income||||8,200||
|||||28,069|31,913|





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|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<br>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|





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||||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|





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