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All Tate Reports Tate Report 07/08

Statement of Financial Activities

Income /

Donated works of art

This is the value of works of art that have been donated to Tate in the past year.

Other voluntary income

Includes donations to Tate such as Heritage Lottery

Fund, grants, money from The Art Fund and any other donations or grants used on the purchase of works of art or on capital building projects. Voluntary income also includes Tate Members income and donations from individuals and trusts as well as legacies.

Trading income

Income associated with Tate Enterprises Ltd trading so catering, retail and publishing income.

Other activities for generating funds

This income includes sponsorship for exhibitions, projects and corporate events.

Investment income

Income generated on cash balances and investments, including the Tate Modern lease deposit.

Grant-in-Aid

Tate is funded by Grant-in-Aid from Parliament, provided through the Department for Culture, Media and Sport.

Other income from charitable activities

Admission income to exhibitions, general admission income to Tate St Ives, touring exhibition income and income from events and courses.

Other income

Primarily income for services provided to others.

Expenditure /

Costs of generating voluntary income / costs of generating funds

Tate’s fundraising operation.

Trading costs

Costs associated with Tate Enterprises Ltd trading so catering, retail and publishing costs.

Charitable activities: public programme

Costs associated with undertaking our core charitable mission (e.g. the display of art, education and all associated costs) are charitable activities.

Charitable activities: support costs

Costs associated with supporting the above such as caring for the Collection.

Governance costs

Comprises the cost of staff involved in governance as well as the annual audit fees.