CHELSEA ARTS CLUB TRUST
ANNUAL REPOR'r
5TH APRtL, 2022

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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|||
||||funds|funds|Total|Total|
|INCOME AND EXPENDITURE|||||||
|Income|||||||
|Voluntary<br>income: Donations|(note|2)|15,760|206,693|222,453|82,615|
|Incoming<br>resources &om charitable||activities:|||||
|Fund raising charitable<br>auctions (note 3)||||21,627|21,627|17,315|
|Total incoming resources|||15,760|228,320|244,080|99,930|
|Expenditure|||||||
|Independent<br>examiner's<br>fee<br>Sundry expenses (note 4)<br>Prize awards<br>and other grants|(note|5)|(18,260)|(600)<br>(6,223)<br>(50,000)|(600)<br>(6,223)<br>(68,260)|(420)<br>(990)<br>(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|





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|||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<br>funds<br>Unrestricted<br>funds||2,000<br>380,818||4,500<br>209,321|
|TOTAL CHARITY FUNDS||$382,818||8213,821|





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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|||
||||funds|funds|Total|Total|
|Share ofsurplus<br>from sale|ofChristmas|and other|||||
|items sold at Chelsea Arts <br>Other donations|Club||15,760|3,722<br>202,971|3,722<br>218,731|1,054<br>81,561|
||||f15,760|6206,693|f222,453|f82,615|
|3. CHARITABLE AUCTIONS|||||||
||||||2022|2021|
||||||Unrestricted|funds|
|Living The Dream donated artwork sold <br>Backto Portrait donated artwork sold at||at auction <br> auction at|at Chelsea Arts Club<br> Chelsea Arts Club||21,627|17,315|
||||||F21,627|817,315|
|4. SUNDRY EXPENSES|||||||
||||||2022|2021|
||||||Unrestricted|funds|
|Bank charges<br>Hospitality<br>costs for prize award winners,||Trustees|'||411|278|
|expenses and miscellaneous<br>costs<br>Administrative<br>costs<br>T-Shirts purchased<br>for re-sale|||||310<br>4,400<br>1,102|712|
||||||K6,223|f990|





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|||2022||2021|
|---|---|---|---|---|
||Restricted|Unrestricted|||
||funds|funds|Total|Total|
|Grants to institutions<br>Grants to individuals|3,000<br>15,260|10,000<br>40,000|13,000<br>55,260|23,000<br>30,560|
||818,260|850,000|f68,260|f53,560|
||||2022|2021|
|Recipients ofinstitutional<br>grants:|||||
|Mahler &LeWitt Studios<br>Accumulate<br>- The Art School For The Homeless<br>Auto Italia|||3,000|3,000<br>5,000|
|Iniva - Institute ofInternational<br>Visual Arts<br>The Showroom<br>Flat Time House|||10,000|5,000<br>5,000<br>5,000|
||||f13,000|F23,000|
|6.TANGIBLE FIXEDASSETS|||||
|Oil painting ofStan Smith by Geoffrey Humphries<br>Oil painting by Will Martyr<br>"Water Lilies" by Ithel Colquhoun,<br>donated by the Trustees ofthe<br>Estate ofAHS (Peter) Megaw, CBE||||2,000<br>3,000|
|Painting of"Chelsea Arts Club Ball 1920"by Claud Lovat Fraser||||1,056|
|At 5th April, 2022 and 2021||||F6,056|



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