2021-12-31-accounts - Guild Of St Mary's Centre Lichfield

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				Page
Reference and administrative details			ofthe company„ its Trustees and advisers
Trustees' report				2-8
Independent	examiner's	report		9-10
Consolidated	statement	offinancial	activities
Consolidated	balance sheet			12
Company balance sheet
Consolidated	statement	ofcash flows		14
Notes to the	financial statements			15-39

Trustees		Mr N G Sedgwick,	Mr N G Sedgwick,
		Mr C P Ablitt
		Mr BJ Birchall
		Mr D BCrump	(resigned 22 February 2022)
		Mr M J Garfield
		Mr S R James
		Mr A BSims
		Mrs SWaldron
Company	registered
number		02782699
Charity registered
number		1017020
Registered	office	St Mary's Centre
		Market Square
		Lichfield
		Staffordshire
		WS136LG
Company	secretary	Mr A BSims
Accountants		Dains LLP
		15Colmore Row
		Birmingham
		B32BH

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note	E	F		E
Income from:
Donations and legacies				63,378	96,063	159,441	161,547
Charitable activities				111,967		111,967	116,431
Other trading activities				91,514		91,514	43,341
Investments				7		7	149
Total income				266,866	96„063	362,929	321,468
Expenditure on:
Raising funds				148,153		148,153	79,098
Charitable activities:
The Hub				59,827	71,672	131,499	114,536
Building redevelopment		project		69,700		69,700	69,700
Total expenditure				277,680	71,672	349,352	263,334
Net (expenditure)/income				(10,814)	24,391	13,577	58,134
Transfers between	funds		17	8,529	(8,529)
Net movement in funds				(2,285)	15,862	13,577	58,134
Reconciliation offunds:
Total funds brought	forward			1,326,174	54,822	1,380,996	1,322,862
Net movement in funds				(2,285)	15,862	13,577	58,134
Total funds carried	forward			1,323,889	70,684	1,394,573	1,380,996

					2021		2020
			Note		E		E
Fixed assets
Tangible assets					1,289,528		1,355,766
Current assets
Stocks			13	2,726		2,132
Debtors			14	25,140		4,667
Cash at bank and in hand				297,946		242,245
				325,812		249,044
Creditors: amounts	falling	due within one
year			15	(114,539)		(96,682)
Net current assets					211,273		152,362
Total assets less current		liabilities			1,500,801		1,508,128
Creditors: amounts	falling	due after more
than one year			16		(106,228)		(127,132)
Total net assets					1,394,573		1,380,996
Charity funds
Restricted funds			17		70„684		54,822
Unrestricted funds			17		1,323,889		1,326,174
Total funds					1,394,573		1,380,996

				2021		2020
		Note		E
Fixed assets
Tangible assets		11		1,289,528		1,355,766
Investments		12		100		100
				1,289,628		1,355,866
Current assets
Debtors		14	23,182		4,533
Cash at bank and in hand			289,149		238,620
			312,331		243,153
Creditors: amounts	falling due within one
year		15	(101,138)		(93,584)
Net current assets				211„193		149,569
Total assets less current liabilities				1,500,821		1,505,435
Creditors: amounts	falling due after more
than one year		16		(106,228)		(127,132)
Total net assets				1,394,593		1,378,303
Charity funds
Restricted funds				70,684		54,822
Unrestricted funds				1,323,909		1,323,481
Total funds				1,394,593		1,378,303

					2021	2020
				Note	E
Cash flows from operating	activities
Net cash provided by operating activities				20	83,909	124,428
Cash flows from investing	activities
Dividends, interests and rents from investments					7	149
Purchase oftangible fixed assets					(13,852)	(12,325)
Net cash used in investing	activities				(13,845)	(12,176)
Cash flows from financing	activities
Cash inflows from new borrowing						40,000
Repayments of borrowing					(14,365)	(54,531)
Net cash used in financing	activities				(14,365)	(14,531)
Change in cash and cash	equivalents	in	the year		55,699	97,721
Cash and cash equivalents	at the beginning		ofthe year		242,245	144,524
Cash and cash equivalents	at the end	of	the year	21	297,944	242,245

	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
		F	F
Donations	20,072		20,072
Legacies		2,000	2,000
Grants	53,742	85,733	139,475
Total 2020	73,814	87,733	161,547

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					F	E.	F
Donations	from Members				815	815	980
Income from non		charitable	trading	activities
					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
Subsidiary's	trading	income			90,699	90,699	42,361

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			E	F	F
Bank	interest	received			149

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				E.	E	E.
Event	and	fundraising	costs	11,069	11,069	7,176

						Trading	Total	Total
						subsidiary	funds	funds
						2021	2021	2020
						F	F	E
Performance,	events	and	cafe	—staff	costs	71,654	71,654	44,493
Performance,	events	and	cafe	costs		65,430	65,430	27,429
						137,084	137,084	71,922

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2021	2021	2021
			F	F
The Hub			74,099	57,400	131,499
Building	redevelopment	project	69,700		69,700
Total 2021			143,799	57,400	201,199

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2020	2020	2020
			F	F	F
The Hub			79,807	34,729	114,536
Building	redevelopment	project	69,700		69,700
Total 2020			149,507	34,729	184,236

			Building
			redevelopment	Total
		The Hub	project	funds
		2021	2021	2021
		E	F
Staff costs		14,220		14,220
Depreciation		10,390	69,700	&0,090
Repairs and maintenance		3,006		3,006
Sundry expenses	and cleaning	12,707		12,707
Premises and admin costs		31,380		31,380
General office expenses		2,210		2,210
Bad debts		(700)		(700)
Advertising		886		886
Total 2021		74,099	69,700	143,799
			Building
			redevelopment	Total
		The Hub	project	funds
		2020	2020	2020
		E	E	E
Staff costs		12,470		12,470
Depreciation		9,093	69,700	78,793
Repairs and maintenance		5,225		5,225
Sundry expenses	and cleaning	11,691		11,691
Premises and admin costs		38,408		38,408
General office expenses		1,614		1,614
Bad debts		933		933
Advertising		373		373
Total 2020		79,807	69,700	149,507

	Total	Total
	funds	funds
	2021	2020
	E	E
Interest payable	1,176	1,048
Professional fees	54,574	32,106
Governance	1,650	1,575
	57,400	34,729

		Group 2021	Group 2020	Company 2021	Company 2020
			F	F
Wages	and salaries	85,051	56,452	13,397	11,959
Pension	costs	823	511	823	511
		85,874	56,963	14,220	12,470

Group	Group
2021	2020
No.	No.

		Fixtures,
	Leasehold	fittings and
	improvements	equipment	Total
	E	E
Cost
At 1 January 2021	1,445,700	68,921	1,514,621
Additions		13,852	13,852
At 31 December 2021	1,445,700	82,773	1,528,473
Depreciation
At 1 January 2021	147,582	11,273	158,855
Charge for the year	72,285	7,805	80,090
At 31 December 2021	219,867	19,078	238,945
Net book value
At 31 December 2021	1,225,833	63,695	1,289,528
At 31 December 2020	1,298,118	57,648	1,355,766

	Investment
	in
	subsidiary
Company	company E
Cost
At 1 January 2021	100
At 31 December 2021	100
Net book value
At 31 December 2021	100
At 31 December 2020	100

			Group	Group
			2021	2020
			E	E.
Goods	for	resale	2,726	2,132

		Group	Group	Company	Company
		2021	2020	2021	2020
		E	E	E	E
Trade debtors		7,889	1,218	4,181	1,235
Amounts owed by group undertakings				6,823
Other debtors		5,131	200	58	49
Prepayments	and accrued income	12,120	3,249	12,120	3,249
		25,140	4,667	23,182	4,533

						Group	Group	Company	Company
						2021	2020	2021	2020
						E
Bank loans						8,000	2,000	8,000	2,000
Other loans						14,109	13,570	14,109	13,570
Payments	received		on	account		2,832	966
Trade creditors						19,561	8,828	13,061	8,163
Other taxation		and	social security			3,304	332	349
Other creditors						19,474	19,474	19,474	19,474
Accruals	and deferred			income		47,259	51,512	46,145	50,377
						114,539	96,682	101,138	93,584
						Group	Group	Company	Company
						2021	2020	2021	2020
						E.		E	F
Deferred	income at 1 January 2021					20,980	22,783	20,9&0	22,300
Resources deferred			during the year			20,980	20,980	20,980	20,980
Amounts	released		from previous		periods	(20,980)	(22,783)	(20„980)	(22,300)
						20,980	20,980	20,980	20,980

		Group	Group	Company	Company
		2021	2020	2021	2020
		E	E	F
Bank	loans	30,667	38,000	30,667	38,000
Other	loans	75,561	89,132	75,561	89,132
		106,228	127,132	106„228	127,132

	Group	Group	Company	Company
	2021	2020	2021	2020
	F		F	E.
Between one and two years
Bank loans	8,000	8,000	8,000	8,000
Other loans	14,109	14,109	14,109	14,109
Between two and five years
Bank loans	22,667	24,000	22,667	24,000
Other loans	16,509	28,126	16,509	28,126
Over five years
Bank loans		6,000		6,000
Other loans	44,943	46,897	44,943	46,897

Statement	offunds	- curren	t year
							Balance at
			Balance at 1				31
			January			Transfers	December
			2021	Income	Expenditure	in/(out)	2021
				E			E
Unrestricted	funds
Designated	funds
Building repairs			20,000			10,000	30,000
Latent Defects Fund			18,112				18,112
Fixed assets			1,224,232		(80,090)	13,852	1,157,994
			1„262,344		(80,090)	23,852	1„206,106
General funds
Reserves			63,830	244,642	(175,366)	(15,323)	117,783
Unallocated	amounts			22,224	(22,224)
			63,830	266,866	(197,590)	(15,323)	117,783
Total Unrestricted		funds	1,326,174	266,866	(277,680)	8,529	1,323,889

							Balance at
			Balance at 1				31
			January			Transfers	December
			2021	Income	Expenditure	in/(out)	2021
			E		E	E	F
Restricted funds
Ernest and Elsie Taylor
Legacy	Fund		1,675				1,675
Lichfield	District Council
learning	activities		1,900		(1,704)		196
Heritage	Lottery Fund		324		(324)
Swinfen	Broun Charitable
Trust			2,000				2,000
Legacy —Peter Taylor			2,000				2,000
Arts Council Cultural		Recovery	46,423	54,42&	(67,125)	(&,529)	25,197
St Mary's	Fabric Fund			28,135			28,135
We Love	Lichfield Fund		500	1,000	(472)		1,028
Staffordshire County		Council 8
Lichfield City Council				2,000	(2,000)
West Midlands Museum
Development Fund				5,000			5,000
Lichfield	District Council (Star
Wars)				3,000	(47)		2,953
Lichfield	Conduit Lands			2,500			2,500
			54,822	96,063	(71,672)	(8,529)	70„684
Total of	funds		1,380,996	362,929	(349,352)		1,394,573

						Balance at
		Balance at				31
		1 January			Transfers	December
		2020	Income	Expenditure	in/(out)	2020
				E	E
Unrestricted funds
Designated funds
Building repairs		10,000			10,000	20,000
Latent Defects Fund					18,112	18,112
Fixed assets					1,224,232	1,224,232
		10,000			1,252,344	1,262,344
General funds
Reserves		20,488	233,735	(162,281)	(28,112)	63,830
Total Unrestricted	funds	30,488	233,735	(162,281)	1,224,232	1,326,174
Restricted funds
Ernest and Elsie Taylor
Legacy Fund		1,675				1,675
Lichfield District Council		1,900				1,900
Redevelopment Project		1,283,332		(69,700)	(1,213,632)
Other funding		5,467		(608)	(4,859)
Heritage Lottery			9,400	(9,400)
Heritage Lottery (Covid-1 9)			10,000	(9,676)		324
Lichfield City Council	Grant		920	(57)	(863)
Lichfield Conduit Lands Grant			5,200	(322)	(4,878)
Swinfen Broun Charitable
Trust			2,000			2,000
Legacy —Peter Taylor			2,000			2,000
Arts Council Cultural	Recovery		57,713	(11,290)		46,423
We Love Lichfield Fund			500			500
		1,292,374	87,733	(101,053)	(1,224,232)	54,822
Total offunds		1,322,862	321,468	(263,334)		1,380,996

						Balance at
		Balance at 1				3'I
		January			Transfers	December
		2021	Income	Expenditure	in/(out)	2021
		E	F	E	E.
Designated	funds	1,262,344		(80,090)	23,852	1,206,106
General funds		63,830	266,866	(197,590)	(15,323)	117,783
Restricted	funds	54,822	96,063	(71,672)	(8,529)	70,684
		1,380„996	362,929	(349,352)		1,394,573

						Balance at
		Balance at				31
		1 January			Transfers	December
		2020	Income	Expenditure	in/(out)	2020
		F		E	E
Designated	funds	10,000			1,252,344	1,262,344
General funds		20,488	233,735	(162,281)	(28,112)	63,830
Restricted	funds	1,292,374	87,733	(101,053)	(1,224,232)	54,822
		1,322,862	321,468	(263,334)		1,380,996

Analysis	of net assets between funds - current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		E	E	E
Tangible fixed assets		1,289,528		1,289,528
Current assets		264,608	61,204	325,812
Creditors	due within one year	(114,539)		(114,539)
Creditors	due in more than one year	(106,228)		(106„228)
Difference		(9,480)	9,480
Total		1,323,889	70,684	1,394,573

Analysis	ofn	et assets between funds -prior y	ear
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
				E
Tangible	fixed	assets	1,355,766		1,355,766
Current	assets		194,222	54,822	249,044
Creditors	due	within one year	(96,682)		(96,682)
Creditors	due	in more than one year	(127,132)		(127,132)
Total			1,326,174	54,822	1,380,996

				Group	Group
				2021	2020
					E
Net income for the	year (as per Statement		of Financial Activities)	13,577	58,134
Adjustments for:
Depreciation charges				80,090	78,793
Dividends, interests	and rents from	investments		(7)	(149)
Increase in stocks				(594)	93
Decrease/(increase)	in debtors			(20,473)	9,586
Increase/(decrease)	in creditors			11,316	(22,029)
Net cash provided	by operating	activities		83,909	124,428

		Group	Group
		2021 E	2020f
Cash	in hand	297,944	242,245
Total	cash and cash equivalents	297,944	242,245

		At 1		Other non-	At 31
		January		cash	December
		2021	Cash flows	changes	2021
			E	E
Cash	at bank and in hand	242,245	55,701		297,946
Debt	due within 1 year	(15,570)	14,365	(20,904)	(22,109)
Debt	due after 1 year	(127,132)		20,904	(106,228)
		99,543	70„066		169,609

Name			Company		Class of	Holding
			number		shares
St Mary's Centre Lichfield (Shops) Limited			02787447		Ordinary	100'/o
The financial	results ofthe subsidiary	for the year were:
Name			Income	Expenditure		Net
			F		F	liabilities
						F
St Mary's Centre Lichfield (Shops) Limited			139,110		(138,384)	(92„091)