National Portrait Gallery Annual Report and Accounts 2012-13 Presented to Parliament pursuant to Section 9(8) of the Museums and Galleries Act 1992 ORDERED BY THE HOUSE OF COMMONS TO BE PRINTED 17 JULY 2013 HC 468 LONDON: The Stationery Office £14.75 National Portrait Gallery Annual Report and Accounts 2012-13 Presented to Parliament pursuant to Section 9(8) of the Museums and Galleries Act 1992 ORDERED BY THE HOUSE OF COMMONS TO BE PRINTED 17 JULY 2013 HC 468 LONDON: The Stationery Office £14.75 © National Portrait Gallery 2013 The text of this document (this excludes, where present, the Royal Arms and all departmental and agency logos) may be reproduced free of charge in any format or medium providing that it is reproduced accurately and not in a misleading context. The material must be acknowledged as The National Portrait Gallery copyright and the document title specified. Where third party material has been identified, permission from the respective copyright holder must be sought. Any enquiries regarding this publication should be sent to us at
[email protected] . You can download this publication from our website at www.npg.org.uk. ISBN: 9780102982466 Printed in the UK for The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office ID 2549459 07/13 31069 19585 Printed on paper containing 75% recycled fibre content minimum Page Trustees’ and Accounting Officer’s Annual Report 2 Remuneration Report 22 Statement of Trustees’ and Director’s Responsibilities 31 Governance Statement 32 The Certificate and Report of the Comptroller and Auditor General 41 Consolidated Statement of Financial Activities 43 Consolidated Balance Sheet 44 Gallery Balance Sheet 45 Consolidated Cash Flow Statement 46 Notes to the Accounts 47 1 TRUSTEES’ AND ACCOUNTING OFFICER’S ANNUAL REPORT INTRODUCTION The Trustees of the National Portrait Gallery have pleasure in submitting their Annual Report and Accounts for the year ended 31st March 2013.