## |||||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|