Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Billy Adams
Geoff Brown
Paul Stokle
Hilary Coole
Debbie Dunbar
Olwen Thomas
Mathew Edenbrow

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
6 December 2023

And signed on behalf of the board by:
Name: Billy Adams
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2023

	2023	2022
	£	£
Turnover:	13,255	16,410
Cost of sales:	0	( 76 )
Gross profit(or loss):	13,255	16,334
Distribution costs:	0	0
Administrative expenses:	( 15,129 )	( 14,059 )
Other operating income:	0	0
Operating profit(or loss):	(1,874)	2,275
Interest receivable and similar income:	0	0
Interest payable and similar charges:	0	0
Profit(or loss) before tax:	(1,874)	2,275
Tax:	351	( 442 )
Profit(or loss) for the financial year:	(1,523)	1,833

Balance sheet

As at 31 March 2023

	Notes	2023	2022
		£	£
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	17	44
Investments:		0	0
Total fixed assets:		17	44
Current assets
Stocks:		0	0
Debtors:	4	5,038	4,401
Cash at bank and in hand:		31,210	34,920
Investments:		0	0
Total current assets:		36,248	39,321
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	5	( 2,923 )	( 4,500 )
Net current assets (liabilities):		33,325	34,821
Total assets less current liabilities:		33,342	34,865
Creditors: amounts falling due after more than one year:		0	0
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		33,342	34,865
Members' funds
Profit and loss account:		33,342	34,865
Total members' funds:		33,342	34,865

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2023

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents amounts receivable from commissions on sales made in the gallery, together with fees from the hire of gallery space to members and others during the year, and from workshops and other events.

  Tangible fixed assets depreciation policy

  Depreciation is calculated on a straight-line basis, to allocate the cost less estimated residual value of tangible fixed assets over their expected useful lives at the following rates:Computer equipment is depreciated at an annual rate of 33%Other equipment is depreciated at an annual rate of 20%

Notes to the Financial Statements

for the Period Ended 31 March 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	0	0