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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,|Chair|
|---|---|---|---|---|
|||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|||
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|||||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|
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||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|
##
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##
||||||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|
##
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##
|||||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.|
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##
##
|||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|
##
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##
|||||||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|
##
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|||||||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)|