2022-12-31-accounts

	Page
Generalinformation
ReportoftheCouncil
Independentexaminer'sreporttothetrustees
Statementoffinancialactivities	10
Balancesheet	11
Notestothefinancialstatements	12-21

Administrativeoffice	BanksideGallery
	48HoptonStreet
	Blackfriars
	London
	SE19JH
Bankers	TheRoyalBankofScotlandPlc
	LondonDrummondsBranch
	49CharingCross
	London
	SW1A2DX
Investmentadvisers	CazenoveCapitalManagementLimited
	1LondonWallPlace
	London
	EC2Y5AU
Independentexaminer	CaraTurtingtonFCADChA
	SafferyChampnessLLP
	71QueenVictoriaStreet
	London
	ECA4V4BE

		Unrestricted	Restricted	Total	Total
		general	funds	funds	funds
		funds		2022	2021
	Notes	£	£	£	£
Incomefrom:
Donations Legacies Membershipincome Electionfees Grantsanddonations		13,768 39,025 1,200 28,812	- - - -	13,768 39,025 1,200 28,812	- 32,445 2,940 23,359
		82,805	-	82,805	58,744
Investmentincome Bankinterest		490 42	2,267 -	2,757 42	2,671 2
Charitableactivities incomefromevents Miscellaneousincome		10,873 4,180	- -	10,873 4,180	2,291 1,572
Totalincome		98,390	2,267	100,657	65,280
Expenditureon:
Raisingfunds Marketingcosts		5,000	-	5,000	3,828
Charitableactivities
Exhibitions Awards DonationtoBanksideGallery Administrativecosts Professionalcosts Financecosts		35,025 1,126 23,850 18,783 8,939 71	- 500 - - - 540	35,025 1,626 23,850 18,783 8,939 1,301	21,162 1,846 23,850 11,610 9,342 1,011
Totalexpenditure	2	93,484	1,040	94,524	72,649
Netincome/(expenditure)before		4,906	1,227	6,133	(7,269)
investmentrevaluations
(Loss)/gainsonrevaluationof		(5,130)	(6,610)	(11,740)	8,500
investments
Transfersbetweenfunds		-	-	-	-
Net(expenditure)/incomeandnet movementinfunds		(224)	(5,383)	(5,607)	1,231
Totalfundsbroughtforward		48,287	82,392	130,679	129,448
Totalfundscarriedforward		48,063	77,009	125,072	130,679

			2022		2021
	Note
Fixedassets
Investments			117,462			130,114
Currentassets
Debtors		2,069		598
Cashatbank		10,731		6,664
		12,860		7,262
Creditors:amountsfalling
duewithinoneyear		(5,190)		(6,697)
Netcurrentassets			7,610			565
TotalassetsJesscurrent
liabilities			125,072			130,679
Netassets			125,072			130,679
Funds
Restrictedincomefunds			77,009			82,392
Unrestrictedincomefunds			48,063			48,287
Totalfunds			125,072			130,679

	Direct		Support		Total	Total
	costs		costs		funds	funds
					2022	2021
	£		£		£	£
Raisingfunds
Marketing	5,000			-	5,000	3,828
Charitableactivities
Exhibitions Awards DonationstoBanksideGallery Administration Professionalfees Finance	35,025 1,626 23,850	- - -	18,783 8,939 1,301	- - -	35,025 1,626 23,850 18,783 8,939 1,301	21,162 1,846 23,850 11,610 9,342 1,011
	65,501		29,023		94,524	72,649
Supportcosts
Administration Finance Governance					18,783 1,301 8,939	11,610 1,011 9,342
					29,023	21,963
Governancecosts
Independentexaminationfee Otherprofessionalfees					2,770 6,169	2,232 7,110
					8,939	9,342

Expenditurefrom2021isanalysedasfollows:
	Direct	Support		Total
	costs	costs		funds
				2021
	£	£		£
Raisingfunds
Marketing	3,828		-	3,828
Charitableactivities
Exhibitions	21,162		-	21,162
Awards	1,746		-	1,746
DonationstoBanksideGallery Administration	23,850 -	11,610	-	23,850 11,610
Professionalfees	-	9,342		9,342
Finance	-	1,011		1,011
	50,586	21,963		72,649

nvestments
		JosephWebb	GwenMay	Total	Total
	General	fund	fund	funds	funds
	fund	(restricted)	(restricted)	2022	2021
	£	£	£	£	£
Marketvalue
At1 January2022 Fundswithdrawn	64,290 (490)	9,182 (67)	56,642 (2,199)	130,114 (2,756)	122,447 (2,587)
Investmentincome Charges Gains/(losses)	490 (372) (5,130)	67 (53) (705)	2,199 (487) (5,905)	2,756 (912) (11,740)	2,672 (918) 8,500
At31December2022	58,788	8,424	50,250	117,462	130,114
Cost
Historiccostatyear
end	58,827	8,090	51,127	118,044	118,541

	Investments(2021)
			JosephWebb	GwennMay	Total
		General	fund	fund	funds
		fund	(restricted)	(restricted)	2021
		£	£	£	£
	Marketvalue At1 January2021 Fundswithdrawn Investmentincome Charges Gains/(losses)	60.084 (392) 466 (378) 4,510	8,603 (54) 65 (52) 620	53,760 (2,141) 2,141 (488) 3,370	122,447 (2,587) 2,672 (918) 8,500
	At31December2021	64,290	9,182	56,642	130,114
	Cost Historiccostatyearend	58,827	8,090	51,624	118,541
5.	Debtors				2022	2021
					£	£
	Otherdebtorsandprepayments BanksideGallery				2,068 -	598 -
					2,129	598
6.	Creditors:amountsfalling	duewithin	oneyear		2022	2021
					£	£
	Tradecreditors Othercreditorsandaccruals				460 4,730	2,637 4,060
					5,250	6,697

7.	Restrictedincomefunds
		Balanceat	Income	Expenditure		Gainsand	Balanceat
		1Jan2022				losses	31Dec2022
		£	£	£		£	£
	Specialfund	8,367	-		-	-	8,367
	JosephWebb
	Commemorativefund	10,842	67	(53)		(705)	10,151
	GwenMayFund	60,643	2,200	(487)		(5,905)	56,451
	DiplomaCollection
	photography	1,540	-		-	-	1,540
	MikeBrennanPrizeFund	1,000	-	(500)		-	500
		82,392	2,267	(1,040)		(6,610)	77,009
		Balanceat	Income	Expenditure		Gainsand	Balanceat
		1Jan2021				losses	31Dec2021
		£	£	£		£	£
	Specialfund	8,467	-	(100)		-	8,367
	JosephWebb
	Commemorativefund	10,210	65	(52)		619	10,842
	GwenMayFund	56,620	2,140	(1,488)		3,371	60,643
	DiplomaCollection
	photography	1,540	-	-		-	1,540
	MikeBrennanPrizeFund	1,000	-	-		-	1,000
		77,837	2,205	(1,640)		3,990	82,392

		Balanceat	Income	Expenditure	Gainsand	Transfers		Balance
		1Jan2022			Losses		31	Dec2022
		£	£	£	£	£		£
General	funds	48,287	98,390	(93,484)	(5,130)	0		48,063
		48,287	98,390	(93,484)	(5,130)	0		48,063
		Balanceat	Income	Expenditure	Gainsand_	Transfers		Balance
		1Jan2021			Losses		31Dec2021
		£	£	£	£	£		£
General	funds	51,611	63,075	(71,009)	4,510	100		48,287
		51,611	63,075	(71,009)	4,510	100		48,287

nalysisofnetassetsbetweenfunds
	Investments	Netcurrent	Total
		Assets	2022
	£	£	£
Restrictedincomefunds:
Specialfund	-	8,367	8,367
JosephWebbCommemorativefund	8,423	1,728	10,151
GwenMayfund	50,251	6,200	56,451
DiplomaCollectionphotography	-	1,540	1,540
MikeBrennanPrizeFund	-	500	500
	58,674	18,335	77,009
Unrestrictedincomefunds:
Generalfunds	58,788	(10,725)	48,063
	58,788	(10,725)	48,063
Totalfunds	117,462	7,610	125,072
nalysisofnetassetsbetweenfunds2021
	Investments	Netcurrent	Total
		Assets	2021
	£	£	£
Restrictedincomefunds:
Specialfund	-	8,367	8,367
JosephWebbCommemorativefund	9,182	1,660	10,842
GwenMayfund	56,642	4,001	60,643
DiplomaCollectionphotography	-	1,540	1,540
MikeBrennanPrizeFund	-	1,000	1,000
	65,824	16,568	82,392
Unrestrictedincomefunds:
Generalfunds	64,290	(16,003)	48,287
	64,290	(16,003)	48,287
Totalfunds	130,114	565	130,679

	2022	2021
	£	£
Thedonationduringtheyearwasasfollows:
DonationtowardsrunningcostsofBanksideGallery	23,850	23,850

	Unrestricted	Restricted	Total
	general	funds	funds
	funds		2021
	£	£	£
Incomefrom:
Donations
Membershipincome	32,445	.	32,445
Electionfees	2,940	-	2,940
Grantsanddonations	23,359	-	23,359
	58,744	-	58,744
Investmentincome	466	2,205	2,671
Bankinterest	2	-	2
Incomingresourcesfrom
charitableactivities
Incomefromevents	2,291	-	2,291
Miscellaneousincome	1,572	-	1,572
Totalincome	63,075	2,205	65,280
Expenditureon:
Raisingfunds
Marketingcosts	3,828	-	3,828
Charitableactivities
Exhibitions	21,162	-	21,162
Awards	746	1,100	1,846
DonationtoBanksideGallery	23,850	-	23,850
Administrativecosts	11,610	-	11,610
Professionalcosts	9,342	-	9,342
Financecosts	471	540	1,011
Totalexpenditure	71,009	1,640	72,649
Netincome/(expenditure)
beforeinvestmentrevaluations	(7,934)	565	(7,269)
Gain/(loss)onrevaluationof	4,510	3,990	8,500
investments
Transferbetweenfunds	-	-	-
Netincome/(expenditure)and
netmovementinfunds	(3,324)	4,555	1,231
Totalfundsbroughtforward	51,611	77,837	129,448
Totalfundscarriedforward	48,287	82,392	130,679