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2021-12-31-accounts

REFERENCE REFERENCE AND ADMINISTRATIVE AND ADMINISTRATIVE AND ADMINISTRATIVE DETAILS DETAILS
Registered Company number
00122616(England and Wales)
Registered Charity number
528894
Registered office
RBSA Gallery
Dakota House
4 Brook Street
Birmingham
83 1SA
Council Members
SEvans President -elected 1August 2021
V Cawson Vice President —elected 1August 2021
H Northam Vice President —elected 1August 2021
V Astling Honorary Secretary —re-elected 1August 2021
A Matheson Honorary Treasurer —re-elected 1August 2021
E Isaacs Honorary Curator -elected 1August 2021
C Griffin -elected 1August 2021
R Griffiths - re-elected 1August 2021
J Scott Martin -ex-officio
M White -ex-officio
R Neil - ex-officio
W Attwood - ex-officio
Associate Representatives
A Pugh —re-elected 26 July 2020
R Eveson —elected 1August 2021
M Flitcroft -elected 1August 2021
0 Swincoe -co-opted 17August 2021
Auditors
J W Hinks LLP
Chartered Accountants and Statutory Auditors
19Highfield Road
Edgbaston
Birmingham
81538H
Solicitors
The Wilkes Partnership
41 Church Street
Birmingham
83 2RT

2021 2020
Unrestricted Restricted Total Tota
I
funds funds funds funds
Notes f f E E
INCOME AND ENDOWMENTS FROM
Donations 13,914 3,237 17,151 18,167
Charitable
activities
Operation
ofgallery		 81,254 51,000 132,254 103,589
Other trading activities 48,318 48,318 46,178
Investment
income		 1,041 1,041 1,155
Otherincome
HMRC fob Retention Scheme 6,447 6,447 13,551
Business interruption insurance 30,256 30,256
Total 181,230 54,237 235,467 182,640
EXPENDITURE ON
Charitable
activities
Operation
of gallery		 129,421 15,485 144,906 165,135
Net gains/(losses)
on investments		 200 200 (2,812)
NET INCOME 52,009 38,752 90,761 14,693
Transfers between funds 19 (1,278) 1,278
Net movement
in funds		 50,731 40,030 90,761 14,693
RECONCILIATION
OF FUNDS
Total funds brought forward 613,705 (550) 613,155 598,462
TOTAL FUNDS CARRIED FORWARD 664,436 39,480 703,916 613,155

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
FIXEDASSETS
Tangible assets 14 316,655 3,400 320,055 318,094
Investments 15 15,447 15,447 15,103
332,102 3,400 335,502 333,197
CURRENT ASSETS
Debtors 16 35,797 35,797 9,279
Cash at bank 340,678 39,4$0 380,158 310,080
376,475 39,480 415,955 319,359
CREDITORS
Amounts
falling due within one year		 17 (44,141) (3,400) (47,541) (39,401)
NET CURRENT ASSETS 332,334 36,080 368,414 279,958
TOTAL ASSETS LESSCURRENT LIABILITIES 664,436 39,4$0 703,916 613,155
NET ASSETS 664,436 39,480 703,916 613,155

2021 2020
Total Tota
I
funds funds
Notes 6 E
FUNDS 19
Linrestricted funds:
—General fund 88,548 35,330
Designated funds:
-Brook Street Building Fixed Asset fund 316,655 318,094
—Renovation
fund		 180,281 180,281
—Repairs fund 18,150 20,000
- Reserve fund 60,000 60,000
- Donated for events 802
664,436 613,705
Restricted funds:
GBSLEP Online Shop Research &Development (550)
Governance
Review		 4,200
Renovation
fund		 35,280
39,480 (550)
TOTAL FUNDS 703,916 613,155

2021 2020
Total Total
funds funds
E E
Donations, gifts and
sponsorship 17,151 18,167
Donations, gifts and sponsorship, included in the above, are as follows;
2021 2020
E E
Donations 8,113 7,633
Sponsorship 500 500
Gift Aid 8,538 10,034
17,151 18,167

2021 2020
E E
6MC Trust 1,250 1,500
Donations below E1,000 6,863 6,133
OTHER TRADING ACTIVITIES
2021 2020
Total Total
funds funds
E f
Subscriptions -Members
and Associates 36,108 36,273
Subscriptions - Friends of
the RBSA 12,210 9,905
48,318 46,178

2021 2020
Total Total
funds funds
E
Income from listed
investments 549 553
Interest receivable 492 602
1,041 1,155
INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity E E
Grants Operation ofgallery 83,600 71,902
Gallery income Operation ofgallery 48,654 31,687
132,254 103,589
Grants received, included in the above, are as follows.
Unrestricted Restricted
funds funds 2021 2020
E E f E
Arts Council England 29,262
Birmingham City Council 29,600 29,600 26,143
Dumbreck
Charity		 5,000 5,000
GBSLEP Limited 3,000 3,000
GMC Trust 3,000 3,000
G I W Turner Trust 8,000 8,000
West Midlands Museums
Development 4,500 4,500
Loppylugs 14,500
5 & D Lloyd Charitable Trust 500
Sense 1,497
The Grimmitt Trust 5,000 5,000
The Oakley Charitable Trust lp500 1,500
The Roughly Trust 2,000 2,000
The Saintbury Trust 2,000 2,000
William
A Cadbury		 Charitable Trust 20,000 20,000
32,600 83,600 71,902

Direct Support
Costs (see costs (see
note 9)
E		 note 10)
E		 Totals
f
Operation ofgallery 91,341 53,565 144,906
DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
6 6
Staff costs 84,647 88,580
Prizes 1,750 2,500
Workshop tutors 3,239 5,948
Funded projects professional fees 1,705 4,299
91,341 101,327

2021 2020
Operation
of Total
gallery
6		 activities
f
Bank charges 831 1,068
Credit card charges 1,675 911
Repairs and maintenance 10,676 10,900
Printing
and stationery		 262 2,433
Light and heat 3,388 3,957
Telephone
and postage		 1,077 2,164
Publicity 2,307 1,633
Sundry expenses 1,053 1,134
Other operating
leases		 1,176 1,151
Photocopier 210 184
Catering 23 2
Irrecoverable
VAT		 4,450 4,688
Cleaning 2,423 1,836
Training 150 145
Computer
expenses		 5,246 11,565
Rates and insurance 3,236 3,589
Depreciation
oftangible		 fixed assets 1,439 1,439
Auditors'
remuneration		 2,400 2,600
Auditors'
remuneration		 for non audit work 1,200 1,200
Professional
fees		 10,343 11,209
53,565 63,308

2021 2020
E E
Auditors' remuneration 2,400 2,600
Auditors' remuneration for non audit work 1,200 1,200
Depreciation
—owned		 assets 1,439 1,439
Other operating
leases		 1,176 1,151

STAFF COSTS
2021 2020
E E
Wages and salaries 81,344 92,099
Social security costs 1,556 (4,757)
Other pension costs 1,747 1,238
84,647 88,580
The average monthly number ofemployees during the year was as follows:
2021 2020
Management
and administration		 1 1
Charitable
activities		 4 7

TANGIBLE FIXEDASSETS
Fixtures,
Freehold fittings
land and and
buildings equipment Totals
E E E
COST
At 1January 2021 343,833 74,914 418,747
Additions 3,400 3,400
Disposals (74,914) (74,914)
At 31December 2021 343,833 3,400 347,233
DEPRECIATION
At 1January 2021 25,739 74,914 100,653
Charge for year 1,439 1,439
Eliminated
on disposal		 (74,914) (74,914)
At 31December 2021 27,178 27,178
NET BOOK VALUE
At 31December 2021 316,655 3,400 320,055
At 31December 2020 318,094 318,094

Unrestricted
Fund 2021 2020
f E f
Market value at 1January 2021 15,103 15,103 17,736
Additions
at cost		 143 143 179
Sale proceeds on disposal
Gain/(loss)
in		 the year:
—realised
—unrealised 201 201 (2,812)
Total market value of investments
at31December 2021 3.133
Historic cost at31December 2021 12,130 12,130 11,987
The following UK listed investments represent more than 5%ofthe portfolio valuation.
2021 2020
f f
Unilever 9,469 10,541
Royal Dutch Shell 4,218 3,371
14,272
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f f
Trade debtors 2,910 8,099
Other debtors 30,270 11
Prepayments 2,617 1,169
35,797 9,279

CREDITORS: AMOUNT S
FALLING DUE WITHIN ONE YEAR
2021 2020
6 f
Trade creditors 3,179 1,561
Social security and other taxes 5,697 5,818
Other creditors 363 252
Accruals and deferred income 38,302 31,770
47,541 39,401

2021 2020
f
Within one year 575 1,151
Between one and five years 575
575 1,726

MOVEMENT IN F U NDS
Net Transfers
movement between At
At 1.1.21 in funds funds 31.12.21
E E E E
Unrestricted funds
Unrestricted fund —General fund 35,330 54,496 (1,278) 88,548
Designated fund —Brook Street Building
Fixed Asset fund 318,094 (1,439) 316,655
Designated fund —Renovation fund 180,281 180,281
Designated fund - Repairs fund 20,000 (Lp850) 18,150
Designated fund - Reserve fund 60,000 60,000
Designated fund —Donated for events 802 802
613,705 52,009 (1,278) 664,436
Restricted funds
GBSLEP Online Shop Research &
Development (550) (728) 1,278
Governance Review 4,200 4,200
Renovation fund 35,280 35,280
(550) 38,752 1,278 39,480
TOTAL FUNDS 613,155 90,761 703,916

Incoming Resources Gains and Movement
resources
f		 expended
E		 losses
E		 in funds
E
Unrestricted funds
Unrestricted fund - General fund 180,428 (126,132) 200 54,496
Designated fund —Brook Street Building
Fixed Asset fund (1,439) (1,439)
Designated fund —Repairs fund (1,850) (1,850)
Designated fund - Donated for events 802 802
181,230 (129,421) 200 52,009
Restricted funds
Prize fund 1,750 (1,750)
GBSLEP Online Shop Research &
Development 3,000 (3,728) (728)
Ladywood Community Centre Project 3,000 (3,000)
Governance Review 4,500 (300) 4,200
Renovation fund 41,987 (6,707) 35,280
54,237 $15,485) 38,752
TOTAL FUNDS 235,467 (144,906) 200 90,761

Net Transfers
movement between At
At 1.1.20 in funds funds 31.12,20
E E E f
Unrestricted funds
Unrestricted fund —General fund 18,163 27,167 (10,000) 35,330
Designated fund - Brook Street Building
Fixed Asset fund 319,533 (1,439) 318,094
Designated fund - Renovation fund 188,378 (8,097) 180,281
Designated fund —Repairs fund 10,000 10,000 20,000
Designated fund —Reserve fund 60,000 60,000
596,074 17,631 613,705
Restricted funds
Sense fund 1,254 (1,254)
Combatting Loneliness in Later Life fund 134 (134)
IT Infrastructure l Development fund 1,000 (1,000)
6BSLEPOnline Shop Research &
Development (550) (550)
2,388 (2,938) (550)
TOTAL FUNDS 598,462 14,693 613,155

Incoming Resources Gains and Movement
resources expended losses in funds
6 E E E
Unrestricted funds
Unrestricted fund —General fund 171,910 (141,931) (2,812) 27,167
Designated fund - Brook Street Building
Fixed Asset fund (1,439) (1,439)
Designated fund —Renovation fund (8,098) (8,097)
171,911 (151,468) (2,812) 17,631
Restricted funds
Prize fund 2,500 (2,500)
Sense fund 1,497 (2,751) (1,254)
Combatting Loneliness in Later Life fund (134) (134)
ITInfrastructura I Development fund (1,000) (1,000)
Arts Council 6,732 (6,732)
GBSLEP Online Shop Research &
Development (550) (550)
10,729 (13,667) (2,938)
TOTAL FUNDS 182,640 (165,135) (2,812) 14,693

Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.21
E E E E
Unrestricted funds
Unrestricted fund - General fund 18,163 81,663 (11,278) 88,548
Designated fund - Brook Street Building
Fixed Asset fund 319,533 (2,878) 316,655
Designated fund —Renovation fund 188,378 (8,097) 180,281
Designated fund - Repairs fund 10,000 (1,850) 10,000 18,150
Designated fund —Reserve fund 60,000 60,000
Designated fund - Donated for events 802 802
596,074 69,640 (1,278) 664,436
Restricted funds
Sense fund 1,254 (1,254)
Combatting Loneliness in Later Life fund 134 (134)
IT Infrastructural Development fund 1,000 (1,000)
GBSLEP Online Shop Research &
Development (1,278) 1,278
Governance Review 4,200 4,200
Renovation fund 35,280 35,280
2,388 35,814 1,278 39,480
TOTAL FUNDS 598,462 105,454 703,916

Incoming Resources Gains and Movement
resources expended losses in funds
6 E E E
Unrestricted funds
Unrestricted fund - General fund 352,338 (268,063) (2,612) 81,663
Designated fund - Brook Street Building
Fixed Asset fund (2,878) (2,878)
Designated fund - Renovation fund (8,098) (8,097)
Designated fund —Repairs fund (1,850) (1,850)
Designated fund - Donated for events 802 802
353,141 (280,889) (2,612) 69,640
Restricted funds
Prize fund 4,250 (4,250)
Sense fund 1,497 (2,751) (1,254)
Combatting Loneliness in Later Life fund (134) (134)
IT Infrastructural Development fund (1,000) (1,000)
Arts Council 6,732 (6,732)
GBSLEP Online Shop Research ik
Development 3,000 (4,278) (1,278)
Ladywood Community Centre Project 3,000 (3,000)
Governance Review 4,500 (300) 4,200
Renovation fund 41,987 (6,707) 35,280
64,966 (29,152) 35,814
TOTALFUNDS 418,107 (310,041) (2,612) 105,454