FUNDING AND FINANCIAL REVIEW

• Introduction
• Public Section
• Corporate Sponsors
• Individual Donors
• Patrons
• Tate Members
• Tate Enterprises
• Tate Catering
• Funding & Financial Review
  • Income
  • Self-generated Income
  • Operating Expenditure
  • Capital Expenditure
  • Statement of Financial Activities
  • Consolidated Statement
  • Consolidated Balance Sheet
  • Donations, Gifts, Legacies & Sponsorship
• Acquisition prices and value of gifts
  • Purchased works of art
  • Gifts

Consolidated Statement

•   General
  2007–8 Buildings
  2007–8 Works of art
  2007–8 Endowments
  2007–8 Total funds
  2007–8 Total funds
  2006–7
• Incoming resources £000 £000 £000 £000 £000 £000
• Donated works of art - - 63,132 - 63,132 3,874
• Other voluntary income
  (includes donations and public-sector grants) 7,750 2,073 4,069 3,000 16,892 14,230
• Trading income 25,089 486 936 - 26,511 27,480
• Other activities for generating funds (includes sponsorship and events income) 5,646 - - - 5,646 6,265
• Investment income 717 7,898 503 - 9,118 7,659
• Grant-in-Aid 31,679 4,250 10,000 - 45,929 34,124
• Other income from charitable activities 8,131 122 - - 8,253 7,275
• Other income 598 - - - 598 577
• Total incoming resources 79,610 14,829 78,640 3,000 176,079 101,484
• Resources expended
• Costs of generating voluntary income (example donations) 3,351 30 - - 3,381 3,168
• Trading costs 23,575 411 - - 23,986 23,341
• Other costs for generating funds (example costs of general sponsorship) 2,523 24 - - 2,547 2,516
• Investment management costs 13 - 30 - 43 44
• Charitable activities: public programme 40,924 - - - 40,924 35,528
• Charitable activities: support costs 9,980 13,064 - - 23,044 21,707
• Governance costs 601 3 - - 604 592
• Other costs 597 - - - 597 578
• Total resources expended 81,564 13,532 30 - 95,126 87,474
• Net incoming resources
• Net incoming resources before transfers (1,954) 1,297 78,610 3,000 80,953 14,010
• Transfer between funds (1,082) 2,678 (1,596) - - -
• Net incoming resources after transfers (3,036) 3,975 77,014 3,000 80,953 14,010
• Gain / (loss) on investment assets (3) - 58 (40) 15 174
• Gain / (loss) on revaluation of tangible fixed assets - 30,066 - - 30,066 5,906
• Net movement of funds (3,039) 34,041 77,072 2,960 111,034 20,090
• Funds brought forward at 1 April 2007 11,373 363,551 92,297 406 467,627 447,537
• Funds carried forward at 31 March 2008 8,334 397,592 169,369 3,366 578,661 467,627