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|**CONTENTS**|**PAGE**|
|---|---|
|Report of the Trustees|**1 −2**|
|Independent Examiner's Report|**3**|
|Statement of Financial Activities|**4**|
|•Balance Sheet|**5**|
|Notes to the Financial Statements|**6**|





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||**Note**||||||**2022**||2021|
|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**|||**Total**||**Total**|
||||**Funds**||**Funds**||**Funds**||Funds|
||||**£**||**£**||**£**||**£**|
|**Incoming Resources**||||||||||
|Subscriptions and Visitors Fees|||**5,680**||||**5,680**||4,398|
|Sponsorship|||**750**||||**750**||**1,075**|
|Donations|||**611**||||**611**||**−**|
|**Bank** compensation|||||||||160|
|Meetings/Events|||**202**||||**202**|||
|**Gift aid**|||**−**||||**−**||**768**|
|**Total Incoming Resources**|||**7,243**||||**7,243**||**6,401**|
|**RESOURCES EXPENDED**||||||||||
|**Charitable expenditure**||||||||||
|Lecturers' Fees and Expenses|||**600**||||**600**||350|
|Printing, Postage, Stationery and Telephone|||**221**||||**221**||**194**|
|**Sundries**|||**86**||**−**||**86**||**−**|
|Conservation of paintings|||−||**4,968**||**4,968**|||
|Gifts|||**67**||**−**||**67**||**−**|
|**BAFM Membership**|||**400**||||**400**||**387**|
|**Examination**|||**360**||||**360**||360|
|**Total resources expended**|||**1,734**||**4,968**||**6,702**||**1,291**|
|**NET INCOMING**||||||||||
|**RESOURCES before transfers**|||**5,509**||**(4,968)**||**541**||5,110|
|**Transfer between funds**||||||||||
|**Net movement In funds relating to the year**|||**5,509**||**(4,968)**||**541**||5,110|
|**Balances brought forward**|||**17,259**||**15,506**||**32,765**||27,655|
|**Balances carried forward**||**£**|**22,768**|**£**|**10,538**|**£**|**33,306**|£|32,765|





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||**Note**|**2022**|||2021||
|---|---|---|---|---|---|---|
|**CURRENT ASSETS**|||||||
|Current Account||**23,128**||17,619|||
|Deposit Account||−||−|||
|Restricted Account||**10,538**||15,506|||
|||**33,666**||33,125|||
|Creditors: Amounts falling due within|||||||
|one year|**2**|**360**||**360**|||
|**NET CURRENT ASSETS**|||**33,306**|||32,765|
|**NET ASSETS**||**£**|**33,306**|||32,765|
|**FUNDS:**|**3**||||||
|**RESTRICTED FUND**||**£**|**10,538**|||15,506|
|**UNRESTRICTED FUND**||**£**|**22,768**|||17,259|
|**TOTAL FUNDS**||**£**|**33,306**|||**32,765**|





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|**2. **|**CREDITORS: Amounts falling due within one year**||||
|---|---|---|---|---|
||||**2022**|2021|
||Accruals||**360**|360|
|**3. **|**FUNDS**||||
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
||Balance at 1 April 2021|17,259|15,506|32,765|
||Net resources for the year|5,509|(4,968)|541|
||Balance at 31 March 2022|22,768|10,538|33,306|





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