## Friends of the F.E. McWilliam Gallery & Studio Receipts and Payments Account Year to 31 March 2024 

||**Unrestricted**|**funds**<br>**2024**|**Restricted**<br>**funds 2024**|**Restricted**<br>**funds 2024**|**Total 2024**|**Total 2024**|Total 2023|Total 2023|
|---|---|---|---|---|---|---|---|---|
|**Receipts**||**£**||**£**||**£**|£||
|Donations||**913**||**1,000**||**1,913**|157||
|Event ticket<br>sales||**1,443**||**-**||**1,443**|1,773||
|Membership<br>subscriptions||**2,340**||**-**||**2,340**|2,250||
||||||||||
|**Total receipts**||**4,696**||**1,000**||**5,696**|4,180||
||||||||||
|**Payments**||**£**||**£**||**£**|£||
|Gallery projects||**1,907**||**783**||**2,690**|2,945||
|Hospitality and<br>gifts||**715**||**-**||**715**|377||
|Visits admission<br>fees||**326**||**-**||**326**|968||
|Membership<br>refunds||**nil**||**-**||**nil**|170||
|FULS public<br>liability<br>insurance||**50**||**-**||**50**|65||
|Independent<br>examination fee||**300**||**-**||**300**|250||
|Bank Fees||**65**||**-**||**65**|67||
|Postage &<br>stationary||**39**||**-**||**39**|203||
|Sundry<br>expenses||**8**||**-**||**8**|47||
|Lecture fees||**780**||**-**||**780**|639||
|**Total Payments**||**4,190**||**783**||**4,973**|5,731||
|**Excess of**<br>**Payments over**<br>**Receipts for the**<br>**year**||**506**||**217**||**723**|(1,551)||
|Opening Bank &<br>Cash balances||**4,933**||**2,977**||**7,910**||9,461|
|Closing Bank &<br>Cash balances||**5,439**||**3,194**||**8,633**||7,910|



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## Friends of the F.E. McWilliam Gallery & Studio Statement of Assets and Liabilities As at 31 March 2024 

||**Notes**|**Unrestricted**<br>**funds 2024**|**Restricted**<br>**funds 2024**|**Total 2024**|Total 2023|
|---|---|---|---|---|---|
|**Bank and**<br>**Cash**||**£**|**£**|**£**|£|
|Current<br>Account|**2**|**5,429**|**3,194**|**8,623**|7,892|
|Pettycash||**10**|**-**|**10**|18|
|**Total Bank**<br>**and Cash**||**5,439**|**3,194**|**8,633**|7,910|
|||||||
|**Other**<br>**monetary**<br>**assets**||**Nil**|**Nil**|**Nil**|Nil|
|||||||
|**Liabilities**||**Nil**|**Nil**|**Nil**|Nil|




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Friends of the F.E. McWilliam Gallery & Studio Notes to the Accounts Year to 31 March 2024 

## **1. Accounting policies** 

Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Accounts and the Statement of Assets and Liabilities: 

## **(a) Receipts and Payments Accounts** 

All items of income and expenditure included within the Receipts and Payments Accounts have been accounted for on a cash basis. 

## **2. Restricted Funds** 

||**Bank balance at**<br>**1 April 2023 £**|<br>**Receipts £**|**Payments £**|**Bank balance**<br>**at 31 March**<br>**2024 £**|
|---|---|---|---|---|
|Banbridge Art<br>Club|2,977|1,000|783|3,194|
|Total Funds|2,977|1,000|783|3,194|



The purpose of the restricted funds is to provide art education for young people. 

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