## 

||`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)`|





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||`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`||<br>`581`|<br>`-`||<br>`581`|<br>`896`|
|||<br> <br>`349,078`|<br> <br>`5,000`|<br>|<br> <br>`354,078`|<br> <br>`310,885`|
|`Charitableactivities`|||||||
|`Operationofartgallery`||<br>`3,575`|<br>`-`|<br>|<br>`3,575`|<br>`21,858`|
|`Totalincome`||<br> <br>`352,653`|<br> <br>`5,000`|<br> <br>|<br> <br>`357,653`|<br> <br>`332,743`|
|`Expenditureon`|||||||
|`Fundraisingandmarketingcosts`|`2`|`11,561`|`-`||`11,561`|`3,965`|
|`Commercialtradingoperations`|`6`|<br>`129,454`|<br>`-`|<br>|<br>`129,454`|<br>`110,467`|
|||<br> <br>`141,015`|<br> <br>`-`|<br> <br>|<br> <br>`141,015`|<br> <br>`114,432`|
|`Charitableactivities`|||||||
|`Operationofartgallery`|`2`|<br>`193,005`|<br>`2,363`|<br>|<br> <br>`195,368`|<br> <br>`201,769`|
|`Totalexpenditure`|`3`|<br> <br>`334,020`|<br> <br>`2,363`|<br> <br>|<br> <br>`336,383`|<br> <br>`316,201`|
|`Netincome/(expenditure)`||`18,633`|`2,637`||`21,270`|`16,542`|
|`Netmovementinfunds`||<br>`18,633`|<br>`2,637`|<br>|<br>`21,270`|<br>`16,542`|
|`Reconciliationoffunds`|||||||
|`Totalfundsbrought forward`||<br>`179,038`||<br>`-`|<br>`179,038`|<br>`162,496`|
|`Totalfundscarriedforward`||<br>`197,671`<br>|<br>`2,637`<br>|<br> <br>|<br>`200,308`<br> <br>|<br>`179,038`<br> <br>|





## 

## 

|||||`Group`||`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`<br>|<br>|<br>|`179,038`<br> <br>|`200,308`<br> <br>|`179,038`<br>|







## 

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## 

|`2.`|`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`<br>|<br>`47,274`|<br>`102,882`|<br>|<br>`45,211`||`195,367`|`201,770`|
||<br>`Total`<br>|<br> <br> <br>`75,247`|<br> <br> <br> <br>`169,856`|<br> <br> <br>|<br> <br> <br>`84,917`|<br> <br>|<br> <br> <br>`336,382`|<br> <br> <br>`316,201`|
||`Costsofcharitableactivity`||||||||
||`Galleryandofficespace(donated)`||||||<br>`38,770`|<br>`38,770`|
||||||||<br> <br> <br>`38,770`|<br> <br> <br>`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`|
||||||||<br> <br> <br>`84,917`|<br> <br> <br>`85,200`|
||`Governancecosts`||||||||
||`Independentexaminationfee`||||||`4,185`|`4,060`|
||`Other`||||||<br>`505`|<br>`781`|
||||||||<br>`4,690`<br> <br>|<br>`4,841`<br> <br>|





## 

## 

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## 

|`2.`|`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`|
||<br>`Operationofartgallery`|<br>`40,913`|<br>`118,775`|<br>|<br> <br>`42,082`|<br> <br>|<br> <br>`201,770`|
||<br> <br>`Total`|<br> <br>`60,780`|<br> <br>`170,221`|<br> <br>|<br> <br> <br> <br>`85,200`|<br> <br> <br> <br>|<br> <br> <br> <br>`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`|<br>`6,017`|<br>`6,017`|
|||<br>`169,856`<br>|<br>`170,221`<br>|





## 

## 

||||`Number`|`Number`|
|---|---|---|---|---|
||||`2021`|`2020`|
|`Full`|`time`|`staff`|`2`|`2`|
|`Part`|`time`|`staff`|<br>`8`|<br>`8`|
||||<br>`10`<br> <br>|<br>`10`<br> <br>|





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





## 

## 

## 

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



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





## 

|`—-—`||||||||
|---|---|---|---|---|---|---|---|
|`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`|
||<br>`Prepaymentandaccruedincome`|<br>`2,930`|||<br>`3,820`|<br> <br>`2,830`|<br> <br>`3,719`|
||<br>|<br> <br>`8,469`|<br>|<br>|<br> <br>`3,820`|<br> <br> <br> <br>`45,076`|<br> <br> <br> <br>`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`|
||<br>`Bankloan`|<br>`-`|<br>||<br>`3,143`|<br>`-`|<br>`3,143`|
||<br>|<br> <br>`88,802`|<br> <br>|<br>|<br> <br>`70,589`|<br> <br>`28,579`|<br> <br>`40,351`|
||`Amountsfallingdueoveroneyear`|||||||
|||`2021`|||`2020`|`2021`|`2020`|
|||`£`|||`£`|`£`|`£`|
||<br>`Bankloan`||<br>`-`||<br>`46,857`|<br>`-`|<br>`46,857`|
||<br>|<br>|<br>`-`<br>|<br>|<br>`46,857`<br>|<br>`-`<br> <br>|<br>`46,857`<br> <br>|





## 

## 

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



## 

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





## 

## 

||`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`|<br>`179,038`|<br>`352,653`|<br>|<br>`(334,020)`|<br>|<br>`197,671`|
|`Totalfunds`|<br>`179,038`|<br>`357,653`|<br>|<br>`(336,383)`|<br>|<br>`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`|
||<br>`162,496`<br>|<br>`332,743`<br>|<br> <br>|<br>`(316,201)`<br>|<br> <br>|<br>`179,038`<br>|





## 

|`12.`|`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`<br> <br> <br>||<br> <br> <br>|`2`<br> <br> <br>|`191,604`<br> <br> <br>|<br>|`-`<br> <br>|`200,308`<br> <br>|
||||||`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`<br> <br> <br>|`191,604`<br> <br> <br>|<br> <br>|`-`<br> <br> <br>|`200,308`<br> <br> <br>|
||`Analysisofnetassetsbetween`||`funds2020`|||||||
|||`Tangible`|||`Investments`|`Netcurrent`|`Noncurrent`||`Total`|
||`Company`|`FixedAssets`||||`assets`|`liabilities`||`2021`|
||||`£`||`£`|`£`|`£`||`£`|
||`Unrestricted`|||||||||
||`IncomeFunds:`|||||||||
||`DesignatedFunds`|<br>`6,810`||||`24,902`|`-`||`31,712`|
||`GeneralFund`|`4,794`|||`2`|`189,387`|`(46,857)`||`147,326`|
||`TotalFunds`|`11,604`<br>||<br>|`2`<br> <br> <br>|`214,289`<br> <br> <br>|`(46,857)`<br> <br> <br>|<br>|`179,038`<br> <br>|





## 

## 

## 

||`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`|<br>`11,604`<br>|<br>`214,290`<br>|<br>`(46,857)`<br>|<br> <br>|<br>`179,038`<br>|



|`ateriallychangedduring`|`2021.`|||
|---|---|---|---|
|||`2021`|`2020`|
|||`£`|`£`|
|`Galleryspaceandoffice`|`accommodation`|`38,770`<br>|`38,770`<br>|





## 

## 

||`Royal`|`Royal`|
|---|---|---|
||`Watercolour`|`Societyof`|
||`Society`|`Painter-Print`|
|||`makers`|
||`£`|`£`|
|`DonationstowardsrunningcostsofBanksideGallery`|`23,850`<br>|`23,850`<br>|



## 



## 

## 

## 

|`16.`|`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`|
|||<br> <br>`310,885`|<br> <br> <br>`-`|<br> <br> <br>`310,885`|
||`Charitableactivities`||||
||`Operationofartgallery`|<br>`21,858`|<br> <br>`-`|<br> <br>`21,858`|
||`Totalincome`|<br>`332,743`|<br> <br>`-`|<br> <br>`332,743`|
||`Expenditureon`||||
||`Fundraisingandmarketing`||||
||`costs`|`3,965`|`-`|`3,965`|
||`Commercialtrading`||||
||`operations`|<br>`110,467`|<br>`-`|<br>`110,467`|
|||<br>`114,432`|<br>`-`|<br>`114,432`|
||`Charitableactivities`||||
||`Operationofartgallery`|<br>`199,627`|<br>`2,142`|<br>`201,769`|
||`Totalexpenditure`|<br>`314,059`|<br>`2,142`|<br>`316,201`|
||`Netincome/(expenditure)and`|`18,684`|`(2,142)`|`16,542`|
||`netmovementinfunds`||||
||`Reconciliationoffunds`||||
||`Totalfundsbroughtforward`|<br>`128,642`|<br>`33,854`|<br>`162,496`|
||`Totalfundscarriedforward`|<br>`147,326`<br>|<br>`31,712`<br>|<br>`179,038`<br>|