||Page|| |---|---|---| |Report ofthe Trustees|1 to|6| |Independent
Examiner's
Report||| |Statement of Financial Activities||| |Balance Sheet||| |Notes to the Financial Statements|10 to|20| |Detailed Statement of Financial Activities|21 to|22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| ||||Notes|fund|funds
f|funds
f|funds| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies||||8,347||8,347|36,463| |Charitable
activities|||||||| |Artwork sales||||118,893||118,893|113,194| |Lecture income|||||||539| |Trading
activities
Investment
income|||3
4|25,915
2,480||25,915
2,480|22,767
1,332| |Total||||155,635||155,635|174,295| |EXPENDITURE ON|||||||| |Cost of Raising
Funds|||6|26,533||26,533|24,826| |Charitable
activities|||||||| |Artwork sales
Professional
fees
Independant
examiners|fee|||116,062
155
1,300||116,062
155
1,300|83,141
4,615
1,300| |Total||||144,050||144,050|113,882| |Net gains/(losses)
on investments||||(12,258)||(12,258)|6,219| |NET INCOME/(EXPENDITURE)
Transfers between
funds|||19|(673)
2J188|(2g188)|(673)|66,632| |Net movement
in funds||||1,515|(2,188)|(673)|66,632| |RECONCILIATION
OF|FUNDS||||||| |Total funds brought
forward||||728,161|40,080|768,241|701,609| |TOTAL FUNDS CARRIED FORWARD||||729t676|37~892|767'568|768241| ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| ||||Notes|fund|funds
f|funds
f|funds
E| |FIXED ASSETS|||||||| |Tangible assets|||13|532,042||532,042|530,036| |Heritage assets
Investments|||14
15|-
87,615|24 774|24,774
87,615|23,864
96,299| |||||619,657|24,774|644,431|650,199| |CURRENT ASSETS|||||||| |Stocks
Debtors
Cash at bank and|in hand||16
17|5,200
6,197
142,422|13,118|5,200
6,197
155,540|6,200
2,344
133,667| |||||153,819|13,118|166,937|142,211| |CREDITORS|||||||| |Amounts
falling due within||one year|18|(43,800)||(43,800)|(24,169)| |NET CURRENT ASSETS||||110~019|13gl18|123gi37|118042| |TOTAL ASSETS LESSCURRENT|||||||| |LIABILITIES||||729g676|37~892|767J568|768,241| |NET ASSETS||||729r676|37~892|767g568|768,241| |FUNDS|||19||||| |Unrestricted
funds:|||||||| |General
fund||||||729,676|728,161| |Restricted funds:|||||||| |Permanent
Collection
Friends of Rye Art Gallery||||||24,774
13,118|23,864
16,216| |||||||37,892|40,080| |TOTAL FUNDS||||||767,568|768,241| ## ## ## ## ## ## |2.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||| |---|---|---|---|---|---| |||||2022
E|2021
f| ||Donations
Grants
Covid insurance|claim||2,234
2,667
3,446|3,404
12,908
20,151| |||||8,347|36,463| |||||2022|2021
f| ||Local Council
—Covid grant|||2,667|12,908| ||HMRC - Furlough|grants|||| |||||2,667|12,908| |3.|TRADING ACTIVITIES||||| |||||2022
E|2021
f| ||Merchandise
sales|||25,915|21,184| ||Other income||||1,583| |||||25,915|22,767| |4.|INVESTMENT INCOME||||| |||||2022|2021
f| ||Investment
income
Deposit account interest|||2,346
134|1,327
5| |||||2,480|1,332| |5.|INCOME FROM|CHARITABLE ACTIVITIES|||| ||||Activity|2022
E|2021f| ||Commissions
on
Lecture income|sales|Artwork sales
Lecture income|118,893|113,194
539| |||||118,893|113,733| ## ## |Other trading|activities|activities||||| |---|---|---|---|---|---|---| ||||||2022
f|2021
E| |Opening
stock
Purchases|||||6,200
11,990|6,075
7,447| |Closing stock
Staff costs
Subcontractors|||||(5,200)
6,321
771|(6,200)
6,696
3,067| |Rates and water
Insurance|||||70
709|(3)
981| |Light &heat|||||297|483| |Telephone|||||96|243| |Postage &stationery|||||632|576| |Repairs &renewals|||||1,002|1,374| |Computer
expenses|||||4|208| |Cleaning|||||353|513| |Credit card charges|||||253|421| |Security|||||294|509| |Advertising
Sundries|||||1,102
573|585
857| |Hanging fees|||||310|183| |Depreciation|||||109|231| ||||||25,886|24,246| |Investment
management|||costs|||| ||||||2022
f|2021
E| |Support costs|||||647|580| |Aggregate
amounts|||||26,533|24,826| |CHARITABLE ACTIVITIES|||COSTS|||| ||||||Support|| |||||Direct|costs (see|| |||||Costs
f|note 8)
E|Totals
f| |Artwork sales
Professional
fees||||116,062|155|116,062
155| |Independant
examiners||fee|||1,300|1,300| |||||116,062|1,455|117,517| ## ## ## |SUPPORT|COST|S|||||| |---|---|---|---|---|---|---|---| |||||||Governance|| ||||||Finance
f|costs
f|Totals
f| |Investment|management||costs||647||647| |Professional|fees|||||155|155| |Independant|examiners||fee|||1,300|1,300| ||||||647|1,455|2,102| |INDEPEND|ENT|EXAMINERS||REMUNERATION|||| |||||||2022|2021| |||||||E|E| |Independent|examiners||fee|||1,300|1,300| ## ## ## ## |There were no
trust
ended 31 December
STAFF COSTS|ees'
expenses
paid f
2021.|or the|year ende|d
31 December
2022 nor|for the
y| |---|---|---|---|---|---| |||||2022
f|2021
E| |Wages and salaries
Other pension costs||||61,986
1,219|36,766
2,622| |||||63,205|39,388| |The average
monthly|number of employees|during|the year|was as follows:|| |||||2022|2021| |Gallery Director||||1|1| |Gallery/Sales
Assistants||||3|2| |12.|COMPARATIVES
FOR|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES|THE STATEMENT OF FINANCIAL ACTIVITIES||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||fund|funds|funds| |||||f|f|f| ||INCOME AND ENDOWMENTS||FROM|||| ||Donations
and legacies|||36,463||36,463| ||Charitable
activities|||||| ||Artwork sales|||113I194||113,194| ||Lecture income|||539||539| ||Trading
activities|||22,767||22,767| ||Investment
income|||1,332||1332| ||Total|||174,295||174,295| ||EXPENDITURE ON|||||| ||Cost of Raising
Funds|||24,826||24,826| ||Charitable
activities|||||| ||Artwork sales|||83,141||83,141| ||Professional
fees|||4,615||4,615| ||Independant
examiners|fee||1,300||1,300| ||Total|||113,882||113,882| ||Net gains on investments|||6,219||6,219| ||NET INCOME
Transfers
between
funds|||66,632
(6,427)|6,427|66,632| ||Net movement
in funds|||60,205|6,427|66,632| ||RECONCILIATION
OF|FUNDS||||| ||Total funds brought
forward|||667,956|33,653|701,609| ||TOTAL FUNDS CARRIED FORWARD|||728,161|40,080|768,241| ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| |||Fixtures|| ||Freehold|and|| ||property
f|fittings
f|Totals
f| |COST|||| |At 1January
2022
Additions|580,850
3,098|39,369|620,219
3,098| |At 31December 2022|583,948|39,369|623,317| |DEPRECIATION|||| |At 1January
2022|58,085|32,098|90,183| |Charge for year||1,092|1,092| |At 31December 2022|58,085|33,190|91,275| |NET BOOK VALUE|||| |At 31December 2022|525,863|6~179|532g042| |At 31December 2021|522,765|7,271|530,036| |The freehold|property
is used for the purposes|of the charity.|of the charity.|It is included|at valuation,
prepared|at valuation,
prepared|at valuation,
prepared| |---|---|---|---|---|---|---|---| |by Dyer Commercial
at 30 November
1998, as||detailed|below,|plus improvements||since that|date| |as follows:|||||||| |Stormont
Galley valuation||||||250,000|| |Eastern
Room
Improvements
Improvements|valuation
Year Ended 31 December 2008
Year Ended 31 December 2009|||||45,000
112,888
109,656|| |Improvements
Improvements
Improvements
Improvements
Improvements|Year Ended 31 December 2010
Year Ended 31 December 2011
Year Ended 31 December 2016
Year Ended 31 December 2017
Year Ended 31 December 2022|||||43,785
9,710
8,311
1,500
3,098|| |||||||583,948|| ## |HERITAGE ASSETS|| |---|---| ||Total
f| |MARKET VALUE|| |At 1January 2022
Additions|23,864
910| |At 31December 2022|24,774| |NET BOOK VALUE|| |At 31December 2022|24,774| |At 31December 2021|23,864| |Summary
analysis
of Heritage A|sset transact|ions:|||| |---|---|---|---|---|---| ||2022
f|2021
f|2020
f|2019|2018| |Purchases|910||150||| |Donations|||||| |Total additions|910||150||| |Impairment|||||| |Disposals|||||| |Proceeds from disposals|||||| |FIXEDASSET INVESTMENTS|||||| ||||||Listed| ||||||investments| |MARKET VALUE|||||| |At 1January
2022
Additions
Revaluations|||||96,299
3,741
(12,425)| |At 31December 2022|||||87,615| |NET BOOK VALUE|||||| |At 31December 2022|||||87,615| |At 31December 2021|||||96,299| ## |15.|FIXEDASSET|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|INVESTMENTS - continued|||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||2022|2021| |||||||||||E| ||Historical cost|of investments|||||||96,910|93,169| ||The fixed asset|investments||are managed|by|Rathbones|Investment|Management.||| |16.|STOCKS|||||||||| ||||||||||2022|2021| ||||||||||E|E| ||Finished
goods||||||||5,200|6,200| |17.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||||| ||||||||||2022|2021| ||||||||||E|E| ||Trade debtors
Prepayments||||||||4,713
1,484|788
1,556| ||||||||||6,197|2,344| |18.|CREDITORS:|AMOUNTS||FALLING DUE|WITHIN ONE||YEAR|||| ||||||||||2022|2021| ||||||||||E|E| ||Trade creditors
Taxation
and social security
Other creditors||||||||33,234
7,222
3,344|14,828
6,377
2,964| ||||||||||43,800|24,169| |19.|MOVEMENT IN FUNDS|||||||||| ||||||||Net||Transfers|| ||||||||movement||between|At| |||||||At 1/1/22|in funds||funds|31/12/22| |||||||E|E|||E| ||Unrestricted
General
fund|funds|||728,161||(673)||2,188|729,676| ||Restricted funds
Permanent
Collection
Friends of Rye Art Gallery|||||23,864
16,216|||910
(3,098)|24,774
13,118| |||||||40,080|||(2,188)|37,892| ||TOTAL FUNDS||||768,241||(673)|||767,568| ## |Net mo|vement|in funds,
inc|lud|ed
in t|he abov|e are as fo|llows:||| |---|---|---|---|---|---|---|---|---|---| |||||||Incoming|Resources|Gains and|Movement| |||||||resources
f|expended
f|losses
f|in funds| |Unrestricted||funds|||||||| |General|fund||||155635||(144I050)|(12~258)|(673)| |TOTAL|FUNDS||||155g635||(144r050)|(12r258)|(673)| |Comparatives||for movement||in funds|||||| ||||||||Net|Transfers|| ||||||||movement|between|At| ||||||At 1/1/21||in funds|funds|31/12/21| |||||||f|f|f|| |Unrestricted||funds|||||||| |General|fund||||667,956||66,632|(6,427)|728,161| |Restricted funds|||||||||| |Permanent
Collection||||||23,864|||23,864| |Friends|of Rye|Art Gallery||||9,789||6,427|16,216| |||||||33,653||6,427|40,080| |TOTAL|FUNDS||||701,609||66,632||768,241| |Comparative
net movement|||in|funds,|included|in the above are as follows:|||| |||||||Incoming|Resources|Gains and|Movement| ||||||resources
f||expended
f|losses
f|in funds
f| |Unrestricted||funds|||||||| |General|fund||||174,295||(113,882)|6,219|66,632| |TOTAL|FUNDS||||174,295||(113,882)|6,219|66,632| ## ## ## ## ## ||2022f|2021| |---|---|---| |INCOME AND ENDOWMENTS||| |Donations
and legacies||| |Donations
Grants
Covid insurance
claim|2,234
2,667
3,446|3,404
12,908
20,151| ||8,347|36,463| |Trading activities
Merchandise
sales|25,915|21,184| |Other income||1,583| ||25,915|22,767| |Investment
income||| |Investment
income
Deposit account interest|2,346
134|1,327
5| ||2,480|1,332| |Charitable
activities||| |Commissions
on sales|118,893|113,194| |Lecture income||539| ||118,893|113,733| |Total incoming
resources|155,635|174,295| |EXPENDITURE||| |Other trading
activities||| |Opening
stock
Purchases
Wages
&.salaries
Pensions|6,200
11,990
6,199
122|6,075
7,447
6,250
446| |Subcontractors
Rates and water
Insurance|771
70
709|3,067
(3)
981| |Light &heat|297|483| |Telephone|96|243| |Postage &stationery|632|576| |Repairs &renewals
Computer
expenses
Cleaning|1,002
4
353|1,374
208
513| |Credit card charges|253|421| |Security|294|509| |Advertising
Sundries|1,102
573|585
857| |Hanging
fees
Fixtures and fittings|310
109|183
231| |Carried
forward|31,086|30,446| ## |||2022|2021| |---|---|---|---| |||E|E| |Other trading
activities
Brought forward
Closing stock||31,086
(5,200)|30,446
(6,200)| |||25,886|24,246| |Charitable
activities|||| |Wages
Pensions
Rates and water
Insurance
Light and heat
Repairs &maintenance
Postage and stationery||55,787
1,097
626
6,384
2,671
9,015
5,692|30,516
2,176
(16)
4,637
2,357
6,706
2,812| |Advertising,
private
viewings
entertainment
Sundries
Hanging
&exhibition
expenses
Exhibition
security costs
Exhibition
telephone
costs
Cleaning
Subcontractors|and|9,920
5,158
2,791
2,644
864
3,174
6,941|2,855
4,150
894
2,486
1,188
2,506
14,974| |Prizes|||700| |Computer
expenses
Credit card charges
Fixtures and fittings||39
2,276
983|1,015
2,055
1,130| |||116,062|83,141| |Support costs|||| |Finance|||| |Investment
manager
charges||647|580| |Governance costs|||| |Independent
examiners
fee
Professional
&legal fees||1,300
155|1,300
4,615| |||1,455|5,915| |Total resources
expended||144,050|113,882| |Net income before gains and losses||11,585|60,413| |Realised recognised
gains and losses|||| |Realised gains/(losses)
on fixed asset
investments||(12r258)|6I219| |Net (expenditure)/income||(673)|66,632|