2021-12-31-accounts - Bankside Gallery Limited

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	`Page`
`Referenceandadministrativedetails`
`Trustees”annualreport`
`Independentexaminer'sreport`
`Consolidatedstatementoffinancialactivities(incorporatingthe`
`incomeandexpenditureaccount)`	`10`
`Consolidatedgroupandcharitableparentcompanybalancesheet`	`11`
`Notestothefinancialstatements`	`12-26`

`Name`	`BanksideGalleryLimited`
`Charitynumber`	`293194`
`Companyregistrationnumber`	`01922826`
`Registeredoffice`	`48HoptonStreet`
	`Blackfriars`
	`London`
	`SE19JH`
`Keypersonnel`	`Director(executive):AngelaParker`
`Secretary`	`CatherineSullivan`
`Independentexaminer`	`CaraTurtingtonFCADChA`
	`SafferyChampnessLLP`
	`71QueenVictoriaStreet`
	`LondonEC4V4BE`
`Bankers`	`HSBCBankPlc`
	`22StamfordStreet`
	`Blackfriars`
	`London`
	`SE19)`

	`Note`	`Unrestricted`	`Restricted`		`Total`	`Total`
		`funds`	`funds`		`funds`	`funds`
					`2021`	`2020`
		`£`	`£`		`£`	`£`
`Incomefromdonationsandlegacies`
`Grantsanddonationsreceived`		`127,453`	`5,000`		`132,453`	`101,065`
`Donatedfacilities`		`38,770`	`-`		`38,770`	`38,770`
`Governmentgrants— CIRSincome`		`31,895`	`-`		`31,895`	`46,908`
`Othertradingactivities`
`Commercialtradingoperations`	`6`	`150,379`	`-`		`150,379`	`123,246`
`Investmentincome`
`Interestreceived`		`581`	`-`		`581`	`896`
		`349,078`	`5,000`		`354,078`	`310,885`
`Charitableactivities`
`Operationofartgallery`		`3,575`	`-`		`3,575`	`21,858`
`Totalincome`		`352,653`	`5,000`		`357,653`	`332,743`
`Expenditureon`
`Fundraisingandmarketingcosts`	`2`	`11,561`	`-`		`11,561`	`3,965`
`Commercialtradingoperations`	`6`	`129,454`	`-`		`129,454`	`110,467`
		`141,015`	`-`		`141,015`	`114,432`
`Charitableactivities`
`Operationofartgallery`	`2`	`193,005`	`2,363`		`195,368`	`201,769`
`Totalexpenditure`	`3`	`334,020`	`2,363`		`336,383`	`316,201`
`Netincome/(expenditure)`		`18,633`	`2,637`		`21,270`	`16,542`
`Netmovementinfunds`		`18,633`	`2,637`		`21,270`	`16,542`
`Reconciliationoffunds`
`Totalfundsbrought forward`		`179,038`		`-`	`179,038`	`162,496`
`Totalfundscarriedforward`		`197,671`	`2,637`		`200,308`	`179,038`

					`Charitable`	`Company`
		`2021`		`2020`	`2021`	`2020`
	`Note`	`£`		`£`	`£`	`£`
`Fixedassets`
`Tangibleassets`	`5`	`8,704`		`11,604`	`8,704`	`11,604`
`Investments`	`6`		`-`	`-`	`2`	`2`
		`8,704`		`11,604`	`8,706`	`11,606`
`Currentassets`
`Stocks`	`7`	`12,080`		`11,365`	`-`	`-`
`Debtors`	`8`	`8,469`		`3,820`	`45,076`	`68,769`
`Cashatbank`		`259,857`		`269,695`	`175,105`	`185,871`
		`280,406`		`284,880`	`220,181`	`254,640`
`Creditors:amountsfalling`
`duewithinoneyear`	`9`	`(88,802)`		`(70,589)`	`(28,579)`	`(40,351)`
`Netcurrentassets`		`191,604`		`214,291`	`191,602`	`214,289`
`Creditors:amountsfalling`
`dueoveroneyear`	`9`		`-`	`(46,857)`	`-`	`(46,857)`
`Totalassetslesscurrent`
`liabilities`		`200,308`		`225,895`	`200,308`	`225,895`
`Netassets`		`200,308`		`179,038`	`200,308`	`179,038`
`Funds`
`Restrictedincomefunds`		`2,637`		`-`	`2,637`	`-`
`Unrestrictedincomefunds`	`11`	`197,671`		`179,038`	`197,671`	`179,038`
`Totalfunds`		`200,308`		`179,038`	`200,308`	`179,038`

`Expenditure`
	`Direct`	`Staff`		`Support`		`Total`	`Total`
	`costs`	`costs`		`costs`		`2021`	`2020`
	`£`	`£`		`£`		`£`	`£`
`Fundraisingandmarketing`	`11,561`		`-`		`-`	`11,561`	`3,965`
`Commercialtrading`
`operations`	`22,774`	`66,974`		`39,706`		`129,454`	`110,466`
`Operationofartgallery`	`47,274`	`102,882`		`45,211`		`195,367`	`201,770`
`Total`	`75,247`	`169,856`		`84,917`		`336,382`	`316,201`
`Costsofcharitableactivity`
`Galleryandofficespace(donated)`						`38,770`	`38,770`
						`38,770`	`38,770`
`Supportcosts`
`Propertycosts`						`31,019`	`23,296`
`Administration`						`42,851`	`52,523`
`Financecosts`						`5,251`	`4,949`
`Depreciation`						`2,900`	`1,460`
`Governancecosts(seebelow)`						`2,896`	`2,972`
						`84,917`	`85,200`
`Governancecosts`
`Independentexaminationfee`						`4,185`	`4,060`
`Other`						`505`	`781`
						`4,690`	`4,841`

`Expenditure`
`2020Expenditure`	`Direct`	`Staff`		`Support`		`Total`
	`costs`	`costs`		`costs`		`2020`
	`£`	`£`		`£`		`£`
`Fundraisingandmarketing`	`3,965`		`-`		`-`	`3,965`
`Commercialtrading`
`operations`	`15,902`	`51,446`		`43,118`		`110,466`
`Operationofartgallery`	`40,913`	`118,775`		`42,082`		`201,770`
`Total`	`60,780`	`170,221`		`85,200`		`316,201`

	`2021`
	`£`
`Depreciation`	`2,900`
`IndependentExaminer'sfee`	`4,185`
`Operatingleasecosts:`
`Equipment`	`4,035`

		`2021`	`2020`
		`£`	`£`
`Wages`	`andsalaries`	`154,273`	`155,259`
`Social`	`securitycosts`	`9,566`	`8,945`
`Other`	`pensioncosts`	`6,017`	`6,017`
		`169,856`	`170,221`

			`Number`	`Number`
			`2021`	`2020`
`Full`	`time`	`staff`	`2`	`2`
`Part`	`time`	`staff`	`8`	`8`
			`10`	`10`

	`Gallery`		`Extension`		`Other`		`Total`
	`refurbishments`				`improvements,`
					`fixtures&`
					`equipment`
	`£`		`f`		`£`		`£`
`Cost`
`At1 January2021` `Additions`	`72,390`	`-`	`12,000`	`-`	`106,241`	`-`	`190,631`	`-`
`At31December2021`	`72,390`		`12,000`		`106,241`		`190,631`
`Depreciation`
`At1 January2021`	`72,390`		`9,140`		`97,497`		`179,027`
`Chargefortheyear`		`-`	`250`		`2,650`		`2,900`
`At31December2021`	`72,390`		`9,390`		`100,147`		`181,927`
`Netbookvalue`
`At31December2021`		`-`	`2,610`		`6,094`		`8,704`
`At31December2020`		`-`	`2,860`		`8,744`		`11,604`

`Group`	`Charitablecompany`
`2021` `2020`	`2021` `2020`
`£` `£`	`£` `£`
`Subsidiaryundertakingatcost` `-` `-`	`2`	`2`
`Thecompanyowns100%ofthesharecapitalofitstradingsubsidiary,`	`BanksideGallery(Trading)`
`Limited,whichisincorporatedinEnglandandWales.BanksideGallery(Trading)Limitedcarriesout`
`alltradingoperationsofthecharitableparentcompany.Inthatcapacity`	`itoperatesa bookshopat`
`BanksideGallery,chargesfeesforexhibitionandcorporatehireof`	`theGallery,andtakes` `a`
`commissiononpaintingsandprintssoldonbehalfofartistsexhibitingattheGallery.Bankside`
`Gallery(Trading)LimiteddonatesallofitstaxableprofitstoBankside`	`GalleryLimitedunderGift`
`Aid.FinancialstatementsarefiledwiththeRegistrarofCompanies.`

	`Asummaryoftheprofitandloss` `31December2021canbefound`	`accountforBanksideG` `below:`	`allery(Tradin`	`g)Limitedforthe`	`yearended`
				`2021`	`2020`
				`£`	`£`
	`Tradingincome`			`150,379`	`123,246`
	`Otherincome` `Expenditure`			`20` `(129,455)`	`285` `(110,467)`
	`Taxation`			`-`	`-`
	`Profit`			`20,944`	`13,064`
	`DonationtoBanksideGalleryLimitedunderGiftAid`			`(20,944)`	`(13,064)`
`7.`	`Stocks`
		`Group`		`Charitable`	`company`
		`2021`	`2020`	`2021`	`2020`
		`£`	`£`	`£`	`£`
	`Bookshop— goodsforresale`	`12,080`	`11,365`	`-`	`-`

`—-—`
`8.`	`Debtors`
				`Group`		`Charitable`	`company`
		`2021`			`2020`	`2021`	`2020`
		`£`			`£`	`£`	`£`
	`TradeDebtors`	`2,302`			`-`	`-`	`208`
	`Amountduefromsubsidiary`
	`Company`	`-`			`-`	`39,009`	`63,834`
	`VATdebtor`	`3,237`			`-`	`3,237`	`1,008`
	`Prepaymentandaccruedincome`	`2,930`			`3,820`	`2,830`	`3,719`
		`8,469`			`3,820`	`45,076`	`68,769`
`9.`	`Creditors`
	`Amountsfallingduewithinoneyear`
				`Group`		`Charitable`	`company`
		`2021`			`2020`	`2021`	`2020`
		`£`			`£`	`£`	`£`
	`Tradecreditors`	`40,203`			`4,792`	`12,739`	`-`
	`AmountduetoRoyalSocietyof`
	`Painter-Printmakers`	`-`			`600`	`-`	`600`
	`AmountduetoRoyal`
	`WatercolourSociety`	`-`			`600`	`-`	`600`
	`VATcreditor`	`-`			`3,957`	`-`	`-`
	`Othercreditors,accrualand`
	`deferredincome`	`48,599`			`57,497`	`15,840`	`36,008`
	`Bankloan`	`-`			`3,143`	`-`	`3,143`
		`88,802`			`70,589`	`28,579`	`40,351`
	`Amountsfallingdueoveroneyear`
		`2021`			`2020`	`2021`	`2020`
		`£`			`£`	`£`	`£`
	`Bankloan`		`-`		`46,857`	`-`	`46,857`
			`-`		`46,857`	`-`	`46,857`

	`2021`		`2020`	`2021`	`2020`
	`£`		`£`	`£`	`£`
`Overfiveyears`		`-`	`7,033`	`-`	`7,033`
`Withintwotofiveyears`		`-`	`30,238`	`-`	`30,238`
`Withinonetotwoyears`		`-`	`9,586`	`-`	`9,586`
`Withinoneyear`		`-`	`3,143`	`-`	`3,143`
		`-`	`50,000`	`-`	`50,000`

`31December2021thecompanyandgrouphadcommit` `peratingleasesassetoutbelow.`	`mentsundernon-cancellable`	`mentsundernon-cancellable`	`mentsundernon-cancellable`
	`Assetsotherthan`
	`land`	`and`	`buildings`
	`2021`		`2020`
	`£`		`£`
`Operatingleasepaymentsfallingdue:`
`Within1 year`	`1,327`		`3,980`
`Within2 to5 years`		`-`	`5,307`
	`1,327`		`9,287`

	`Balanceat`	`Incoming`		`Outgoing`		`Balanceat`
	`1-Jan-2021`	`resources`		`resources`		`31-Dec-2021`
`RestrictedFunds`
`DigitalFund`	`-`	`5,000`		`(2,363)`		`2,637`
`UnrestrictedFunds`
`InsuranceClaim Fund`	`10,000`		`-`		`-`	`10,000`
`LegaciesFund`	`21,712`		`-`	`(2,142)`		`19,570`
`GeneralFund`	`147,326`	`352,653`		`(331,878)`		`168,101`
`Totalunrestrictedfunds`	`179,038`	`352,653`		`(334,020)`		`197,671`
`Totalfunds`	`179,038`	`357,653`		`(336,383)`		`200,308`
	`Balanceat`	`Incoming`		`Outgoing`		`Balanceat`
	`1-Jan-2020`	`resources`		`resources`		`31-Dec-2020`
`insuranceClaimFund`	`10,000`		`-`		`-`	`10,000`
`LegaciesFund`	`23,854`		`-`	`(2,142)`		`21,712`
`GeneralFund`	`128,642`	`332,743`		`(314,059)`		`147,326`
	`162,496`	`332,743`		`(316,201)`		`179,038`

`Analysisofnetassetsbetween`	`Analysisofnetassetsbetween`		`funds2021`	`funds2021`
	`Tangible`			`Investments`	`Netcurrent`	`Noncurrent`		`Total`
`Company`	`FixedAssets`				`assets`	`liabilities`		`2021`
		`£`		`£`	`£`	`£`		`£`
`Restrictedfunds`
`DigitalFund`			`-`	`-`	`2,637`		`-`	`2,637`
`Unrestricted`
`IncomeFunds:`
`DesignatedFunds`			`-`	`-`	`29,570`		`-`	`29,570`
`GeneralFund`	`8,704`			`2`	`159,397`		`-`	`168,101`
`TotalFunds`	`8,704`			`2`	`191,604`		`-`	`200,308`
				`Tangible`	`Netcurrent`	`Noncurrent`		`Total`
`Group`				`FixedAssets`	`assets`	`liabilities`		`2021`
					`£`	`£`		`£`
`Restrictedfunds`
`DigitalFund`				`-`	`2,637`		`-`	`2,637`
`UnrestrictedIncomeFunds:`
`DesignatedFunds`				`-`	`29,570`		`-`	`29,570`
`GeneralFund`				`8,704`	`159,397`		`-`	`168,101`
`TotalFunds`				`8,704`	`191,604`		`-`	`200,308`
`Analysisofnetassetsbetween`		`funds2020`
	`Tangible`			`Investments`	`Netcurrent`	`Noncurrent`		`Total`
`Company`	`FixedAssets`				`assets`	`liabilities`		`2021`
		`£`		`£`	`£`	`£`		`£`
`Unrestricted`
`IncomeFunds:`
`DesignatedFunds`	`6,810`				`24,902`	`-`		`31,712`
`GeneralFund`	`4,794`			`2`	`189,387`	`(46,857)`		`147,326`
`TotalFunds`	`11,604`			`2`	`214,289`	`(46,857)`		`179,038`

	`Tangible`	`Netcurrent`	`Noncurrent`		`Total`
`Group`	`FixedAssets`	`assets`	`liabilities`		`2021`
		`£`	`£`		`£`
`UnrestrictedIncomeFunds:`
`DesignatedFunds`	`6,810`	`24,902`		`-`	`31,712`
`GeneralFund`	`4,794`	`189,388`	`(46,857)`		`147,326`
`TotalFunds`	`11,604`	`214,290`	`(46,857)`		`179,038`

`ateriallychangedduring`	`2021.`
		`2021`	`2020`
		`£`	`£`
`Galleryspaceandoffice`	`accommodation`	`38,770`	`38,770`

	`Royal`	`Royal`
	`Watercolour`	`Societyof`
	`Society`	`Painter-Print`
		`makers`
	`£`	`£`
`DonationstowardsrunningcostsofBanksideGallery`	`23,850`	`23,850`

`Statementoffinancialactivities`	`comparativeinformation`	`comparativeinformation`
	`Unrestricted`	`Unrestricted`	`Total`
	`General`	`Designated`	`Funds`
	`Funds`	`Funds`	`2020`
	`£`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies`
`Grantsanddonations`
`received`	`101,065`	`-`	`101,065`
`Donatedfacilities`	`38,770`	`-`	`38,770`
`Governmentgrants-CJRS`	`46,908`	`-`	`46,908`
`Othertradingactivities`
`Commercialtrading`
`operations`	`123,246`	`-`	`123,246`
`Investmentincome`
`Interestreceived`	`896`	`-`	`896`
	`310,885`	`-`	`310,885`
`Charitableactivities`
`Operationofartgallery`	`21,858`	`-`	`21,858`
`Totalincome`	`332,743`	`-`	`332,743`
`Expenditureon`
`Fundraisingandmarketing`
`costs`	`3,965`	`-`	`3,965`
`Commercialtrading`
`operations`	`110,467`	`-`	`110,467`
	`114,432`	`-`	`114,432`
`Charitableactivities`
`Operationofartgallery`	`199,627`	`2,142`	`201,769`
`Totalexpenditure`	`314,059`	`2,142`	`316,201`
`Netincome/(expenditure)and`	`18,684`	`(2,142)`	`16,542`
`netmovementinfunds`
`Reconciliationoffunds`
`Totalfundsbroughtforward`	`128,642`	`33,854`	`162,496`
`Totalfundscarriedforward`	`147,326`	`31,712`	`179,038`