Detailed statement of financial activities
for the year ended 31 March 2008
| 2008 | 2007 | £ | £ |
| Incoming resources | ||
| Subscriptions | 5,788,192 | 5,458,348 |
| Donations | 12,285 | 14,990 |
| Members Room | 2,428 | 2,864 |
| Events | 801 | 1,693 |
| Invested income | 229,903 | 146,915 |
 |
||
| Total | 6,033,609 | 5,624,810 |
| Resources expended | ||
| Costs of generating voluntary income | ||
| Mailed publications | (648,955) | (600,756) |
| Salaries and fees | (717,552) | (663,475) |
| Mailings, print and promotion | (313,927) | (321,526) |
| Administration costs | (34,796) | (38,896) |
| Members' Room costs | (48,522) | (34,983) |
| Events costs | (32,039) | (38,256) |
|
||
| Total cost of generating voluntary income | (1,795,791) | (1,697,892) |
|
||
| Fundraising activities | - | - |
| Governance costs | (27,693) | (21,928) |
|
||
| Total | (1,823,484) | (1,719,820) |
| Net incoming resources | 4,210,125 | 3,904,990 |
|
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| Contributions to Tate | ||
| Works of art | (2,040,658) | (1,608,422) |
| Other projects | (3,318,232) | (2,341,423) |
| Net movement in funds for the year | (1,148,765) | (44,855) |
Statement of fundsfor the year ended 31 March 2008 |
||
| 2008 | 2007 | £ | £ |
| Current assets | ||
| Debtors | 936,320 | 966,842 |
| Deposits and cash at bank and in hand | 3,379,812 | 3,004,241 |
| Total assets | 4,316,132 | 3,971,083 |
| Less: | ||
| Creditors | (1,947,320) | (453,506) |
| Total | 2,368,812 | 3,517,577 |
The complete Annual Report and Accounts for Tate Members year ended 31 March 2008 are available on request: email members@tate.org.uk or call 020 7887 8688.
Jake and Dinos Chapman The Chapman Family Collection 2002
© the artists, Courtesy Jay Jopling/ White Cube (London)
Purchased with assistance from The Art Fund, Tate Members and private donors 2008
