CHELSEA ARTS CLUB TRUST ANNUAL REPOR'r 5TH APRtL, 2022
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | |||||
| funds | funds | Total | Total | |||
| INCOME AND EXPENDITURE | ||||||
| Income | ||||||
| Voluntary income: Donations |
(note | 2) | 15,760 | 206,693 | 222,453 | 82,615 |
| Incoming resources &om charitable |
activities: | |||||
| Fund raising charitable auctions (note 3) |
21,627 | 21,627 | 17,315 | |||
| Total incoming resources | 15,760 | 228,320 | 244,080 | 99,930 | ||
| Expenditure | ||||||
| Independent examiner's fee Sundry expenses (note 4) Prize awards and other grants |
(note | 5) | (18,260) | (600) (6,223) (50,000) |
(600) (6,223) (68,260) |
(420) (990) (53,560) |
| Total expenditure | (18,260) | (56,823) | (75,083) | (54,970) | ||
| NET INCOME FOR THE YEAR | (2,500) | 171,497 | 168,997 | 44,960 | ||
| FUND BALANCE AT 5TH | APRIL, 2021 | 4,500 | 209,321 | 213,821 | 168,861 | |
| IUND BALANCE AT 5TH | APRIL, 2022 | 82,000 | f380,818 | F382,818 | 8213,821 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible fixed assets (note 6) | 6,056 | , 6,056 | ||
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 390,624 | 208,605 | ||
| 390,624 | 208,605 | |||
| LIABILITIES:AMOUNTS FALLING | ||||
| DUK WITHIN ONK YEAR | ||||
| Accruals | (13,862) | (840) | ||
| NET CURRENT ASSETS | 376,762 | 207,765 | ||
| NKT ASSETS | K382,818 | 8213,821 | ||
| IUNDBALANCK | ||||
| Restricted funds Unrestricted funds |
2,000 380,818 |
4,500 209,321 |
||
| TOTAL CHARITY FUNDS | $382,818 | 8213,821 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | |||||
| funds | funds | Total | Total | |||
| Share ofsurplus from sale |
ofChristmas | and other | ||||
| items sold at Chelsea Arts Other donations |
Club | 15,760 | 3,722 202,971 |
3,722 218,731 |
1,054 81,561 |
|
| f15,760 | 6206,693 | f222,453 | f82,615 | |||
| 3. CHARITABLE AUCTIONS | ||||||
| 2022 | 2021 | |||||
| Unrestricted | funds | |||||
| Living The Dream donated artwork sold Backto Portrait donated artwork sold at |
at auction auction at |
at Chelsea Arts Club Chelsea Arts Club |
21,627 | 17,315 | ||
| F21,627 | 817,315 | |||||
| 4. SUNDRY EXPENSES | ||||||
| 2022 | 2021 | |||||
| Unrestricted | funds | |||||
| Bank charges Hospitality costs for prize award winners, |
Trustees | ' | 411 | 278 | ||
| expenses and miscellaneous costs Administrative costs T-Shirts purchased for re-sale |
310 4,400 1,102 |
712 | ||||
| K6,223 | f990 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | |||
| funds | funds | Total | Total | |
| Grants to institutions Grants to individuals |
3,000 15,260 |
10,000 40,000 |
13,000 55,260 |
23,000 30,560 |
| 818,260 | 850,000 | f68,260 | f53,560 | |
| 2022 | 2021 | |||
| Recipients ofinstitutional grants: |
||||
| Mahler &LeWitt Studios Accumulate - The Art School For The Homeless Auto Italia |
3,000 | 3,000 5,000 |
||
| Iniva - Institute ofInternational Visual Arts The Showroom Flat Time House |
10,000 | 5,000 5,000 5,000 |
||
| f13,000 | F23,000 | |||
| 6.TANGIBLE FIXEDASSETS | ||||
| Oil painting ofStan Smith by Geoffrey Humphries Oil painting by Will Martyr "Water Lilies" by Ithel Colquhoun, donated by the Trustees ofthe Estate ofAHS (Peter) Megaw, CBE |
2,000 3,000 |
|||
| Painting of"Chelsea Arts Club Ball 1920"by Claud Lovat Fraser | 1,056 | |||
| At 5th April, 2022 and 2021 | F6,056 |