A Company Limited By Guarantee - Victoria and Albert Museum

2008THE FRIENDS OF THE V&ASTATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2008TotalTotalINCOME AND EXPENDITURE 2008 2007Notes £ £Incoming resourcesIncoming resources from generated funds:Voluntary incomeDonations and legacies 15,357 32,811Investment income 2 13,491 13,720Incoming resources from charitable activities:Supporting members 3 656,345 571,305Total Incoming Resources 685,193 617,836Resources expendedCosts of generating income 4 1,549 269Charitable activities:Supporting the V&A Museum 5 90,990 278,410Supporting members 6 440,139 511,239Governance costs 7 7,804 8,499Total resources expended 540,482 798,417Net outgoing resources for the year 144,711 (180,581)Other recognised gains and losses:Unrealised gains on investments (22,882) 9,778Net movement in funds 121,829 (170,803)Balance brought forward at 1 April 2007 85,499 256,302Balance carried forward at 31 March 2008 £207,328 £85,499The notes on pages 20 to 28 form part of these accounts.All gains and losses arising in the year are included in the Statement of Financial Activities and arise fromcontinuing operations.