2021-12-31-accounts

				Page
General information
Repoct ofthe	Council
Independent	examiner's		report to the trustees
Statement of	Anancial	activities
Balance sheet
Nates to the tinancial		statements		12-21

Administrative	Administrative	office	Bankside Gallery	Bankside Gallery
			48 HoptonStreet
			Blackfriars
			London
			SE19JH
Bankers			The Royai	Bank of Scotland			Pic
			London Drummonds			Branch
			49 Charing	Cross
			London
			SW1A2DX
investment	advisers		Cazenove	Fund Management			Limited
			3 Copthall	Avenue
			London
			ECZR 7BH
Independent		examiner	Cara Turtington		FCA DChA
			Saffery Champness			LLP
			71Queen	Victoria Street
			London
			EC4V 4BE

				Unrestrrcted	Restricsed	Total	Total
				general	funds	funds	funds
				funds		2D21	2020
							E
Income from:
Donations Membership Income Electionfees Grants and donations				32,445 2,940 23,359		32,445 2,940 23,359	3?,304 1,560 20
				58,744		58,744	33,884
Investment income Danklnterest					?,705	?,671 2	3,066 10
Charitable activities Income from events				2,?91		2,291	Z,03?
Miscellaneous income				1,572		1,572	4D7
Total income				63,075	2,205	65,280	39,399
Expenditure on:
Ratting funds Marke'ting costs				3,8ZB		3,828	4,849
Charitable activities
Exhibitions Awards Donation to Bankside Gallery Administrative costs Professional cosn				21,162 746 23 850 11,610 9,342	1,100	21,162 1,846 23,850 11,610 9,342	2,646 3,065 23,850 11,770 7,064
finance costs				471	540	'1,011	1,208
Total expenditure			2	71,009	1,640	72,649	,452
Net (expenditure)/Income		before		(7,934)		(7,269)	(15,053)
investment revaluations
Gain/(loss) on revaluatmn		of		4,510	3,990	8,500	4,394
Investments
Transfers between	funds
Net income/[expenditure) movement ln funds		and net		(3,324)	4,555		(10,659)
Total funds brought	forward			51,611	77,837	129,448	140,107
Total funds carriecl	forward			48,287	82392	130,679.	129,448

							2021		2020
					hfote			f
Fixed assets
Invest'ments							130,114		122,447
Current assets
Debtors						598		843
Cash at bank						6,664		10,732
								11,575
Creditors:	amounts			falling
due within	one year					(6,697)		(4,574)
Net current		assets					565		7,001
Total assets		less current
liabilities							130,679		129,448
Net assets							130,679		129,448
Funds
Restricted	income		funds				82,392		51,610
Unrestricted		income		funds			48,287		77,838
Total funds							130,679		129,448

				Direct	Su p port	Tote I	Total
				costs	costs	funds	funds
						2021	2020
					f	F	f
Raising funds
Marketing				3,828		3,828	4,849
Charitable activities
Exhibitions				21,162		21,162	2,646
Awa rds				1,746		1,846	3,065
Donations to	Bankside Gallery			23,850		23,850	23,850
Administration					11,610	11,610	11,770
Professionalfees					9,342	9,342	7,064
Finance					1,011	1,011	1,208
				50,586	21,963	72,649	54,452
Support costs
Administration						11,610	11,770
Finance						1,011	1,208
Governance						9,342	7,064
						21,963	20,041
Governance	costs
independent	examination		fee			2 232	2,172
Other professional		fees				7,110	4,892
						9,342	7,064

nvestments
			Joseph Webb	Gwenn May	Total	Tote I
		General	fund	fund	funds	funds
		fundf	(restricted)	(restricted)f	2021 f	2020 6
Market value
At 1January	2021	60,084	8,603	53,760	122,447	130,934
Funds withdrawn		(392)	(54)	(2,141)	(2,587)	(13,742)
Investment	income	466	65	2,141	2,672	3,066
Charges		(378)	(52)	(488)	(918)	(2,205)
Gains/(losses)		4,510	620	3,370	8,500	4,394
At 31December 2021		64,290	9,182	56,642	130,114	122,447
Cost
Historic cost	at year
end		58,827	8,090	51,624	118,541	112,139

nvestments (2020)
			Joseph Webb		Gwenn	May	Total
		General		fund		fund	funds
		fund	(restricted) E		(restricted) 6		2020 f
Market value
At 1January 2020		69,787		8,299		52,848	130,934
Funds withdrawn		(11,984)		(93)		(1,665)	(13,742)
Investment income		798		92		2,176	3,066
Charges		(1,202)		(36)		(967)	(2,205)
Gains/(lasses)		2,685		341		1,368	4,394
At 31December 2020		60,084		8,603		53,760	122,447
Cost
Historic cost at year end							112,139
Debtors
							2021	2020
							1	f
Other debtors and	prepayments						1,632	243
Bankside Gallery								600
							1,632	843
Creditors: amounts	falling	due within one year
							2021	2020
							6	6
Trade creditors							2,637	130
Other creditors							4,060	4,444
							6,697	4,574

investments (2020)
				Joseph Webb		Gwenn May	Total
		General		fund		fund	funds
		fund		(restricted)		(restricted)	2020
			E		E	E	E
Market value
At 1January 2020 Funds withdrawn		69,787 (11,984)		8,?99 (93)		52,848 (1,665)	130,934 (13,742)
investment income			798		92	2,176	3,066
Charges Gains/(losses)		(1,202) 2,685		(36) 341		(967) 1,368	(2,205) 4,394
At31December 2020		60,084		8,603		53,760	122,447
Cost
Historic cost at year	end						112,139
Debtors							2021	2020
							E	E
Other debtors and.	prepayments						1,632	243
Bankside Gallery								600
							1,632	843
Creditors: amounts	falling	due	within	one year			2021	2020
							E	E
Trade creditors Other creditors							2,637 4,060	130 4,444
							6,697	4,574

Restricted income	Restricted income	funds
			Balance at	income	Expenditure	Gains and	Balance at
			1Jan 2021			losses	31Dec2021
			f
Special fund			8,467		(100)		8,367
Joseph Webb
Commemorative		fund	10,210	65	(52)	619	10,842
Gwen May Fund			56,620	2,140	(1,488)	3,371	60,643
Diploma Collection
photography			1,540				1,540
Mike Brennan	Prize Fund		1i000				1,000
			77,837	2,205	(1,640)	3,990	82,392
			Balance at	Income	Expenditure	Gains and	Balance at
			1Jan 2020			Iosses	31Dec 2020
			f		f	f	f
Special fund			8,667		(200)		8,467
Joseph Webb
Commemorative		fund	9,813	92	(36)	342	10,211
Gwen May Fund			55,532	2,176	(2,455)	1,367	56,620
Diploma Collection			1,540				1,540
photography
Mike Brennan Prize Fund			1,500		(500)		1,000
			77,052	2,268	(3,191)	1,709	77,838

		Balance at	income	Expenditure	Gains and	Transfers	Balance
		1Jan 2021			Losses	31Dec2021
					f	f
General	funds	51,611	63,075	(71,009)	4,510	100	48,287
		51,611	63,075	(71,009)	4,510	100	48,287
		Balance at	Income	Expenditure	Gains and	Transfers	Balanoe
		1Jan 2020			Losses		31Dec2020
		f			f	f	f.
General	funds	63,055	37,131	(51,261)	2,685		51,610
		63,055	37331	(51,261)	2,685		51,610

Analysis of net assets between	Analysis of net assets between	Analysis of net assets between	funds
				Investments	Net current	Total
					Assets	2021
					f	6
Restricted income funds:
Specie I fund					8,367	8,367
Joseph Webb	Commemorative		fund	9,182	1,660	10,842
Gwen May fund				56,642	4,00'1	60,643
Diploma Collection		photography			1,540	1,540
Mike Brennan	Prize	Fund			1,000	1,000
				65,824	16,568	82,392
Unrestricted	income funds:
General funds				64,290	(16,003)	48,287
				64,290	(16,003)	48,287
Total funds				130,11 I	565	130,679
Analysis ofnet	assets between		funds 2020
				Investments	Net current	Total
					Assets	2020
				f
Restricted income funds:
Special fund					8,467	8,467
Joseph Webb	Commemorative		fund	8,603	1,608	10,211
Gwen May fund				53,760	2,860	56,620
Diploma Collection photography					1,540	1,540
Mike Brennan	Prize	Fund			1,000	1,000
				62,363	15,475	77,838
Unrestricted income		funds:
General funds				60,084	(8,474)	51,610
Total funds				122,447	7,001	129,448

					2021	2020
					f	f
The donation	during the year was as follows:
Donation towards		running	costs of Banks)de	Galiery	23,850	23,850
This expenditure	is	induded	in the Statement	of Financial Activities as expenditure.

		Unre*ricted	Restricted	Total
		general	funds	funds
		funds		2020
		E	E
Income from;
Donations
Membership income Election fees Grants and donations		32,304 1,560 20		32,304 1,560 20
		33,884		33,884
Investment Income Bank interest		798 10	2,268	3,066 10
Incoming resources from
charitable activities
Income from events Miscellaneous income		2,032 407		2,032 407
Total income		37131	2,268	39,399
Expenditure on:
Raising funds
Ma rketing costs Charitable activities		4,849		4,849
Exhibitions		2,646		2,646
Awards Donation to Bankside Gallery		365 23,850	2,700	3,065 23,850
Administrative costs Prof'essional costs Finance costs		11,770 7,064 716		11,770 7,064 1,208
Total expendIture		51,261	3,191	54,4S2
Net income/(expenditure)
before investment revaluations		(14,130)	(923)	(15,053)
Gain/(loss) on revaluation investments	of	2,685	1,709	4,394
Transfer between funds
Net Income/(expenditure)	and
net movement in funds		(11,445)	786	(10,659)
Totalfunds broughtforward		63,055	77,052	140,107
Total funds carried forward		51,610	77,838	129,448