2020-12-31-accounts

Reference and Administrative Details
Trustees' Report	2to 12
Statement of Trustees' Responsibilities	13
Independent Examiner's Report	14
Statement of Financial Activities	15to16
Balance Sheet	17
Notes to the Financial Statements	18to 29

		Recog	nised Gai	ns	and Losses	)
					Unrestricted	Restricted	Total
					funds	funds	2020
			Note		6	E	6
Income and Endowments		from:
Donations and legacies					32		32
Charitable activities					19,711	2,500	22,211
Other trading activities					3,511	11,956	15,467
Investment income					7		7
Total income					23,261	14,456	37,717
Expenditure on:
Raising funds Charitable activities Total expenditure Net expenditure			6 7	(230) ~35,104 ~35,334 ~12,073		~10.M1 ~10.603 ~2.145	(230) ~51705, ~51,935 ~14,230
Net movement in funds					(12,073)	(2,145)	(14,218)
Reconciliation of	funds
Total funds brought	forward				13678	4,645	18,323
Total funds carried	forward		14		1M5	2.5DD	4 105
				0	1'MM	Restricted	Total
					funds	funds	2019
			Nots			8	6
Income and Endowments		from:
Donations and legacies					663	4,430	5,093
Charitable activities					26,895	10,000	36,895
Other trading activities					4,890	48,851	53,741
Investment income					7		7
Total income					32,455	63,281	95,736
Expenditure on:
Raising funds Charitable activities Total expenditure Net income/(expenditure)			6 7	(2,619) ~20.535 ~23.154) 9,301		~64.788 ~64,788& ~1.507	(2,619) ~85,323 ~87,942 7,794
Net movement in funds					9,301	(1,507)	7,794
Reconciliation of	funds
Total funds brought	forward				4,377	6,152	10,529

					Unrestricted	Restricted	Total
					funds	funds	2019
				Nots	6	6	6
Total	funds	carried	forward	14	13,678	4,645	18,323

	(Registration number Balance Sheet as at 31	: 023257 December	70) 2020
			2020	2019
		Note		6
Current assets
Debtors		11	806	2,938
Cash at bank and in hand		12	16,686	22,976
Creditors: Amounts	falling due within one year	13	17,492 ~(13.38T	25,914 ~7.591
Net assets			4,105	18,323
Funds ofthe charity:
Restricted income funds
Restricted funds		14	2,500	4,646
Unrestricted income	funds
Unrestricted funds			1 355	13.678
Totalfunds		14	4,105	18,323

					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2020	2019
						6		6
	Membership		subscriptions		19,711		19,711	26,895
	Educational	Workshop		grant		2,500	2,500
	Linbury Trust		grant					10,000
					19,711	2,500	22,211	36,895
						Unrestricted
						funds	Restricted	Total
						General	funds	2020
						6	E	6
	Membership		subscriptions			19,711		19,711
	Educational	Workshop		grant			2,500	2,500
						19,711	2,500	22,211
						Unrestricted
						funds	Restricted	Total
						General	funds	2019
						6	6	6
	Membership		subscriptions			26,895		26,895
	Linbury Trust		grant				10,000	10,000
						26,895	10,000	36,895
4	Income from other trading				activities
						Unrestricted
						funds	Restricted	Total
						General	funds	2020
						6	6	6
Trading income;
	Sales ofcatalogues					2,094		2,094
	Gallery fees						11,956	11,956
Events income;
	Conferences		snd similar events			989		989
Other income		from other		trading	activities	428		428
						3,511	11,956	15,467

					Unrestricted
					funds	Restricted		Total
					General	funds		2019
					8			6
Trading incornei
	Sales ofcatalogues				1,560			1,560
	Gallery fees					48,276		48,276
Events income;
	Conferences	and	similar events		3,330			3,330
Sponsorship income							575	575
					4.890	48	851	53.741
5	investment	income
						Unrestricted
						funds		Total
						General f		2020 8
Interest receivable			and similar income;
	Interest receivable			on bank deposits
						Unrestricted
						funds		Total
						General		2019
						8		0
Interest receivable			and similar income;
	Interest receivable			on bank deposits

				Unrestricted
				funds	Restricted	Total
				General	funds	2020
						6
Gallery and exhibiTion		project costs		6,523	16,601	23,124
Membership	services			3,905		3,905
Support costs				23,926		23,926
				34,354	16,601	50,955
				Unrestricted
				funds	Restricted	Total
				General 8	funds 8	2019 f
Gallery and exhibiTion		project costs		1,460	52,033	53,493
Membership	services			4,992		4,992
Travel grants				619		619
Support costs				12,759	12,755	25,514
				19,830	64,788	84,618
				Activity	Activity
				undertaken	support
				directly 8	costs 6	2020 8
Gallery and exhibition		project costs		23,124		23,124
Membership	services			3,905		3,905
Support costs					23,926	23,926
				27029	23.926	60 955
			Activity	Grant	Activity
			undertaken	funding of	support
			directly 6	activity	costs 6	2019 6
Gallery and exhibition		project
costs			43,493	10,000		53,493
Membership	services		4,992			4,992
Travel grants			619			619
Support costs					25,514	25,514
			49,104	10,000	25,514	84,618

									Unrestricted
									funds	Total
						Basis of allocation			General f	2020f
Administration	salary and fees					A			9,100	9,100
Administration	expenses					A			1,854	1,854
Committee expenses						A			116	116
Printing, marketing		and distribution				A			744	744
Trade subscriptions						A			634	634
Website						A			7,065	7,065
Computer software		and maintenance			costs	A			650	650
Sundry expenses						A			560	560
Professional	fees					A			375	375
Book-keeping	and accountancy			fees		A			2,828	2,828
Governance						A			750	750
									24 676	24,676
						Unrestricted
							funds		Restricted	Total
				Basis of allocation		General			fundsf	2019 f
Administration	salary end		fees	A				8,905	240	9,145
Administration	expenses			A				224	9,635	9,859
Committee expenses				A				454		454
Printing, marketing		and
distribution				A				1,724	2,880	4,604
Trade subscriptions				A				609		609
Website				A				711		711
Sundry expenses				A				132		132
Governance				A				705		705
								13,464	12,755	26,219
Support costs allocated			to charitable activities
						Governance		Staff	Administration	Total
			Basis of allocation			costs		costs f	costs f	2020 f
Art oftheatre	design		A			766		6.160 14,626		24,676

Notes to th	e Fina	ncial Statemen	ts forthe Ye	ar Ended	31 December	2020
			Governance	Staff	Admintstratlon	Total
		Basis of	costs	costs	costs	2019
		allocation	6		6
Art oftheatre design		A	755	9 146	15,369	26,219
Basis ofallocation
Reference	Method ofallocation
A	Direct attribution

Allocated	support	costs
Allocated	support	costs

Unrestricted
funds	Total
General	2020
	6
750		750
750		750
Unrestricted
funds	Total
General	2019
9	F
705		705
705		705

14Funds
					Balance	at 31
		Balance at 1	Incoming	Resources	December
		January 2020	resources	expended	2020
		5	5	6	2
Unrestricted
General
General		13,678	23,261	(35,334)		1,605
Restricted
Exhibition		4,645	11,956	(16,601)
Educational Workshop Total restricted		4,645	2500 14.456	~16,661		2,500 2,500
Total funds		18,323	37717	~,54,935		4,105
					Balance	at 31
		Balance at 1	Incoming	Resources	December
		January 2019 6	resources 6	expended 6	2019 F
Unrestricted	funds
General
General		4,377	32,455	(23,154)	13,678
Restricted ExhibiTion		6,152	63,281	~64,788		4,645
Total funds		10,529	115736	~, 87,942	18.323

15Anal	ysis ofnet assets betwe	en funds
				Totalfunds
		Unrestricted		at 3'I
		funds	Restricted	December
		General 6	funds	2020f
Current Current	assets liabilities	14,992 ~13,387	2,500	17,492 ~13,387
Total net assets		1,605	2,500	4,105

No	tes to the Financial Stat	ements for the Year En	ded 31Decem	ber 2020
				Totalfunds
		Unrestricted		at 31
		funds	Restricted	December
		General	funds	2019
		6	6
Current Current	assets liabilities	21,269 ~7.591	4,645	25,914 ~7007,
Total net assets		13678	4,645	18,323
16Analysis ofnet funds
				At 31
		At 1January	Financing	December
		2020	cash flows	2020
Cash at Net debt	bank and in hand	6 22,976 22,976	6 ~6,290 ~0290	6 16,686 10,68!
				At 31
		At 1 January	Financing	December
		2019 6	cash flows 6	2019 f
Cash at	bank and in hand	14,884	5,092	22 976
Net debt		14884	8,092	22,976