2022-12-31-accounts - Royal Birmingham Society Of Artists

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REFERENCE	REFERENCE	AND ADMINISTRATIVE	AND ADMINISTRATIVE	AND ADMINISTRATIVE	DETAILS
Registered		Company		number
00122616	(England		and Wales)
Registered		Charity number
528894
Registered		office
RBSA Gallery
Dakota House
4 Brook Street
Birmingham
B3 1SA
Council Members
VAstling					President		Elected 12June 2022
V Cawson					Vice President		Re-elected 12June 2022
H Northam					Vice President		Re-elected 12June 2022
R Leckey					Honorary	Secretary	Elected 12June 2022
A Matheson					Honorary	Treasurer	Re-elected 12June 2022
E Isaacs					Honorary	Curator	Re-elected 12June 2022
C Griffin							—elected 1August 2021
R Griffit hs							-re-elected 1August 2021
JScott Martin							—ex-officio
M White							-ex-officio
R Neil							—ex-officio
S Evans							-ex-officio
Associate	Representatives
A Pugh							Resigned 1July 2022
R Everson							-elected 1August 2021
M Flitcroft							Resigned 2 October 2022
0Swinscoe							—co-opted 17August 2021
Auditors
J W Hinks	LLP
Chartered	Accountants			and Statutory	Auditors
19Highfield		Road
Edgbaston
Birmingham
B153BH
Solicitors
The Wilkes		Partnership
41Church	Street
Birmingham
B32RT

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations			13,903	18,410	32,313	17,151
Charitable activities
Operation ofgallery			66,361	88,126	154,487	132,254
Other trading activities			48,348		48,348	48,318
Investment income			1,048		1,048	1,041
Other income
HMRC Job Retention Scheme						6,447
Business interruption insurance						30,256
Total			129,660	106,536	236,196	235,467
EXPENDITURE ON
Raising funds				4,858	4,858
Charitable activities
Operation ofgallery			169,497	62,383	231,880	144,906
Net gains on investments			2,641		2,641	200
NET INCOME/(EXPENDITURE)			(37,196)	39,295	2,099	90,761
Transfers between funds		18	78,775	(78,775)
Net movement in funds			41,579	(39,480)	2,099	90,761
RECONCILIATION OF FUNDS
Total funds brought forward			664,436	39,480	703,916	613,155
TOTAL FUNDS CARRIED FORWARD			706,015		706,015	703,916
CONTINUING OPERATIONS
All income and expenditure	has	arisen from continuing	activities.

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	13	517,589		517,589	320,055
Investments	14	18,087		18,087	15,447
		535,676		535,676	335,502
CURRENT ASSETS
Debtors	15	5,898		5,898	35,797
Cash at bank		218,245		218,245	380,158
		224,143		224,143	415,955
CREDITORS
Amounts falling due within one year	16	(53,804)		(53,804)	(47,541)
NET CURRENT ASSETS		170,339		170,339	368,414
TOTAL ASSETS LESSCURRENT LIABILITIES		706,015		706,015	703,916
NET ASSETS		706,015		706,015	703,916

						2022	2021
						Total	Tots I
						Funds	Funds
FUNDS					18
Unrestricted funds:
General	fund					96,437	88,548
Designated fund:
Brook Street			Building Fixed Asset fund			315,216	316,655
Renovation		fund (Property
Improvements)							180,281
Repairs	fund					40,000	18,150
Reserve	fund					60,000	60,000
Donated	for		events			802	802
Property	Improvements			Fixed Asset fund		193,560
						706,015	664,436
Restricted funds:
Governance			Review				4,200
Renovation		fund					35,280
							39,480
TOTALFUNDS						706p015	703,916

						2022	2021
						Total	Total
						funds
						f
	Donations,	gifts and
	sponsorship					32313	17,151
	Donations,	gifts and sponsorship,		included	in the above, are as follows:
						2022	2021
						f	E
	Donations					22,597	8,113
	Sponsorship						500
	Gift Aid					9,716	8,538
						32.313	17,151
	Donations	in excess ofE1,000were received from the following organisations:
						2022	2021
						F.	E
	C Alton					2,500
	P Naylor					1,500
	GMC Trust					3,250	1,250
	Donations	below E1,000				15,347	6,863
						22,597	8,113
4.	OTHER TRADING ACTIVITIES
						2022	2021
						Total	Total
						funds	funds
						E	E
	Subscriptions		- Members
	and Associates					36,247	36,108
	Subscriptions		—Friends of
	the RBSA					12,101	12,210
						48,348	48,318

										2022	2021
										Total	Tata I
										funds	funds
										E	E
Income from	listed
investments										571	549
Interest receivable										477	492
										1,048	1,041
INCOME FROM CHARITABLE ACTIVITIES
										2022	2021
							Activity			F.	E
Grants							Operation	ofgallery		99,241	83,600
Gallery income							Operation	ofgallery		55,246	48,654
										154,487	132,254
Grants received, included					in	the	above, are	as follows.
								Unrestricted	Restricted
								funds	funds	2022	2021
								E	E	E	E
Behrens Foundation									35,000	35,000
Birmingham	City	Council						4,000		4,000	29,600
Dumbreck Charity											5,000
Edward Cadbury		Charitable				Trust			10,000	10,000
GBSLEP Limited											3,000
GMC Trust											3,000
GI WTurner	Trust										8,000
Ironbridge Gorge		Museum			Trust						4,500
Loppylugs								8,000		8,000
SUEZ									42,241	42,241
The Grimmitt	Trust										5,000
The Oakley Charitable				Trust							1,500
The Roughly	Trust										2,000
The Saintbury	Trust										2,000
William A Cadbury			Charitable			Trust					20,000
								.000	87,241	99,241	83,600

				Direct	Support
				Costs (see	costs (see
				note 9)	note 10)	Totals
				E	E	E
	Operation	ofgallery		107,020	124,860	231,880
8.	DIRECT COSTS OF CHARITABLE ACTIVITIES
					2022	2021
					E	f
	Staff costs				93,529	84,647
	Prizes				4,400	1,750
	Workshop	tutors			4,496	3,239
	Funded projects professional		fees		4,595	1,705
					107,020	91,341

			2022	2021
			Operation
			of	Tota I
			gallery	activities
			E	E
Bank charges			512	831
Credit card charges			2,069	1,675
Repairs and	maintenance		28,205	10,676
Printing and	stationery		1,138	262
Light and heat			3,962	3,388
Telephone and postage			1,203	1,077
Publicity			3,520	2,307
Sundry expenses			1,389	1,053
Other operating leases			1,044	1,176
Photocopier			275	210
Catering			1,379	23
Irrecoverable	VAT		37,083	4,450
Cleaning			3,215	2,423
Training			1,320	150
Computer expenses			13,635	5,246
Rates and insurance			4,456	3,236
Depreciation	of tangible	fixed assets	3,585	1,439
Auditors' remuneration			2,520	2,400
Auditors' remuneration		for non audit work	1,260	1,200
Professional	fees		13,090	10,343
			124,860	53,565

				2022	2021
				E	E
Auditors'	remuneration			2,920	2,400
Auditors'	remuneration		for non audit work	1,260	1,200
Depreciation -		owned	assets	3,030	1,439
Other operating		leases		1,044	1,176

STAFF COST	S
				2022	2021
				f	E
Wages and	salaries			89,707	81,344
Social security costs				2,098	1,556
Other pension costs				1,724	1,747
				93,329	84,647
The average	monthly	number ofemployees	during the year was as follows:
				2022	2021
Management	and administration			1	1
Charitable activities				4	4

TANGIBLE FIXEDASSETS
			Fixtures,
	Freehold	Improvements	fittings
	land and	to	and
	buildings	property	equipment	Totals
	E	E	E	E
COST
At 1January 2022	343,833		3,400	347,233
Additions		195,186	5,933	201,119
At 31December 2022	343,833	195,186	9,333	548,352
DEPRECIATION
At 1January 2022	27,178			27,178
Charge for year	1,439	1,626	520	3,585
At 31December 2022	28,617	1,626	520	30,763
NET BOOK VALUE
At 31December 2022	315,216	193,560	8,813	517,589
At 31December 2021	316,655		3,400	320,055

				Unrestricted
				Fund	2022	2021
				E	E	f
	Market value	at 1January 2022		15,447	15,447	15,103
	Additions at cost					143
	Sale proceeds	on disposal
	Gain/(loss) in	the year:
	-realised
	-unrealised			2,640	2,640	201
	Total market	value of investments
	at 31December 2022			18,087	18,087	15,447
	Historic cost at 31December 2022			12,130	12,130	12,130
	The following	UK listed investments	represent	more than 5%ofthe portfolio valuation.
					2022	2021
					E	E
	Unilever				10,037	9,469
	Royal Dutch Shell				7,025	4,218
					17,062	13,687
15.	DEBTORS:AMOUNTS FALLING DUE		WITHIN	ONE YEAR
					2022	2021
					E	f
	Trade debtors				3,822	2,910
	Other debtors					30,270
	Prepayments				2,076	2,617
					5,898	35,797

CREDITORS: A	MOUNT	S FALLING DUE WITHIN ONE YEAR
			2022	2021
			E	E
Trade creditors			9,374	3,179
Social security	and other taxes		5,063	5,697
Other creditors			356	363
Accruals and deferred		income	39,011	38,302
			53,804	47,541

	2022	2021
	E	f
Within one year	944	575
Between one and five years	944
	1,888	575

MOVEMENT	IN	FUNDS
								Net	Transfers
								movement	between	At
							At 1.1.22	in funds	funds	31.12.22
							E	E	f	E
Unrestricted	funds
Unrestricted	fund - General			fund			88,548	(28,910)	36,799	96,437
Designated	fund	—Brook	Street Building
Fixed Asset	fund						316,655	(1,439)		315,216
Designated	fund	- Renovation			fund		180,281		(180,281)
Designated	fund	- Repairs fund					18,150	(5,221)	27,071	40,000
Designated	fund	- Reserve		fund			60,000			60,000
Designated	fund	—Donated		for	events		802			802
Designated	fund	—Property		Improvements				(1,626)	195,186	193,560
Fixed Asset	fund
							664,436	(37,196)	78I775	706,015
Restricted funds
Governance	Review						4,200	(4,215)	15
Renovation	fund						35,280	43,510	(78,790)
							39p480	39,295	(78,775)
TOTALFUNDS							703,916	2,099		706,015
Net movement in funds,			included			in the above are as follows:
							Incoming	Resources	Gains and	Movement
							resources	expended	losses	in funds
							E	E	f	E
Unrestricted	funds
Unrestricted	fund	- General		fund			129,660	(161,211)	2,641	(28,910)
Designated	fund	—Brook	Street		Building
Fixed Asset	fund							(1,439)		(1,439)
Designated	fund	—Repairs		fund				(5,221)		(5,221)
Designated	fund	—Property		Improvements				(1,626)		(1,626)
Fixed Asset	fund
							129,660	(169,497)	2,641	(37,196)
Restricted funds
Prize fund							4,400	(4,400)
Governance	Review							(4,215)		(4,215)
Renovation	fund						100,636	(57,126)		43,510
Women Artist Catalogue							1,500	(1,500)
							106,536	(67,241)		39,295
TOTALFUNDS							236,196	(236,738)	2,641	2,099

					Net	Transfers
					movement	between	At
				At 1.1.21	in funds	funds	31.12.21
				f	E	f	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	(1,850)		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
TOTALFUNDS				613,155	90,761		703,916

					Incoming	Resources	Gains	and	Movement
					resources f	expended 6	losses 6		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
TOTALFUNDS					235,467	(144,906)	200		90,761

						Net	Transfers
						movement	between	At
					At 1.1.21	in funds	funds	31.12.22
					E	E	E	E
Unrestricted	fund	s
Unrestricted	fund	-General fund			35,330	25,586	35,521	96,437
Designated	fund—	Brook Street Building
Fixed Asset	fund				318,094	(2,878)		315,216
Designated	fund—	Renovation		fund	180,281		(180,281)
Designated	fund—	Repairs fund			20,000	(7,071)	27,071	40,000
Designated	fund-	Reserve	fund		60,000			60,000
Designated	fund-	Donated	for	events		802		802
Designated fund-		Property	Improvements			(1,626)	195,186	193,560
Fixed Asset fund
					613,705	14,813	77,497	706,015
Restricted funds
GBSLEP Online Shop Research				&
Development					(550)	(728)	1,278
Governance	Review					(15)	15
Renovation	fund					78,790	(78,790)
					(550)	78,047	(77,497)
TOTAI. FUNDS					613,155	92,860		706,015

							Incoming	Resources	Gains and	Movement
							resources	expended	losses	in funds
							f	f	f	f
Unrestricted		funds
Unrestricted		fund		—General		fund	310,088	(287,343)	2,841	25,586
Designated		fund	-	Brook Street Building
Fixed Asset		fund						(2,878)		(2,878)
Designated		fund	—Repairs fund					(7,071)		(7,071)
Designated		fund	—Donated			for events	802			802
Designated		fund	-	Property		Improvements		(1,626)		(1,626)
Fixed Asset		fund
							310,890	(298,918)	2,841	14,813
Restricted	funds
Prize fund							6,150	(6,150)
GBSLEP Online Shop					Research &
Development							3,000	(3,728)		(728)
Ladywood	Community				Centre Project		3,000	(3,000)
Governance		Review					4,500	(4,515)		(15)
Renovation		fund					142,623	(63,833)		78,790
Women Artist Catalogue							1,500	(1,500)
							160,773	(82,726)		78,047
TOTAL FUNDS							471,663	(381,644)	2,841	92,860