2022-12-31-accounts

					Page
Reference and administrative			details ofthe company,	its Trustees and advisers
Trustees' report					2-9
Independent	examiner's	report			10 - 11
Consolidated	statement	offinancial activities			12
Consolidated	balance sheet				13
Company balance sheet					14
Consolidated	statement	ofcash flows
Notes to the	financial statements				16-40

Trustees		Mr N G Sedgwick, Chair	Mr N G Sedgwick, Chair
		Mr C P Ablitt
		Mr D M Armour	(appointed	29 March 2023)
		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 Marge Centre
		Market Square
		Lichfield
		Staffordshire
		WS136LG
Company	secretary	Mr AB Sims
Accountants		Dains Audit Limited
		15Colmore Row
		Birmingham
		832BH

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2022	2022	2022	2021
				Note	5	F	F
Income from:
Donations and legames					14,582	21,134	35,716	159,441
Charitable activities					114,292		114,292	111,967
Other trading activities					219,103		219,103	91,514
Investments					2,230		2,230	7
Total income					350,207	21,134	371,341	362,929
Expenditure on:
Raising funds					260,060		260,060	148,153
Charitable activities:
The Hub					97,080	42,019	139,099	131,499
Building redevelopment			project		69,700		69,700	69,700
Total expenditure					426,840	42,019	468,859	349,352
Net (expenditure)/income					(76,633)	(20,885)	(97,518)	13,577
Transfers between	funds			17	4,632	(4,632)
Net movement in	funds				(72,001)	(25,517)	(97,518)	13,577
Reconciliation of	funds:
Total funds brought		forward		17	1,323,889	70,684	1,394,573	1,380,996
Net movement in funds				17	(72,001)	(25,517)	(97,518)	13,577
Total funds carried		forward		17	1,251,888	45,167	1,297,055	1,394,573

					2022		2021
			Note				5
Fixed assets
Tangible assets					1,215,036		1,289,528
Current assets
Stocks			13	3,777		2,726
Debtors			14	12,761		25,140
Cash at bank and	in hand			266,328		297,946
				282,866		325,812
Creditors: amounts year	falling	due within one	15	(116,728)		(114,539)
Net current assets					166,138		211,273
Total assets less	current	liabilities			1,381,174		1,500,801
Creditors: amounts than one year	falling	due after more	16		(84,119)		(106,228)
Total net assets					1,297,055		1,394,573
Charity funds
Restncted funds			17		45,167		70,684
Unrestricted funds			17		1,251,888		1,323,889
Total funds					1,297,055		1,394,573

			Note		2022f		2021
Fixed assets
Tangible assets			11		1,215,036		1,289,528
Investments			12		100		100
					1,215,136		1,289,628
Current assets
Debtors			14	9,147		23,182
Cash at bank and in hand				263,863		289,149
				273,010		312,331
Creditors: amounts year	falling	due within one	15	(93,466)		(101,138)
Net current assets					179,544		211,193
Total assets less current		liabilities			1,394,680		1,500,821
Creditors: amounts than one year	falhng	due after more	16		(84,119)		(106,228)
Tota I net assets					1,310,561		1,394,593
Charity funds
Restricted funds					45,167		70,884
Unrestncted funds					1,265,394		1,323,909
Total funds					1,310,561		1,394,593

					2022	2021
				Note	F
Cash flows from operating	activities
Net cash provided by operating activities				20	(4,993)	83,909
Cash flows from investing	activities
Dividends, interests and rents from investments					2,230	7
Purchase of tangible fixed assets					(6,744)	(13,852)
Net cash used in investing	activities				(4,514)	(13,845)
Cash flows from financing	activities
Repayments of borrowing					(22,109)	(14,365)
Net cash used in financing	activities				(22,109)	(14,365)
Change in cash and cash	equivalents	in	the year		(31,616)	55,699
Cash and cash equivalents	at the beginning		ofthe year		297,944	242,245
Cash and cash equivalents	at the end	of	the year	21	266,328	297,944

Income from other trading	Income from other trading	Income from other trading	activities	activities
Income from fundraising			events
						Unrestricted	Total	Total
						funds	funds	funds
						2022	2022	2021
							E
Donations	from Members					805	805	815
Income from non		charitable		trading	activities
						Unrestricted	Total	Total
						funds	funds	funds
						2022	2022	2021
						E	F	E
Subsidiary's	trading	income				218,298	218,298	90,699

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
E	E	E
2,230	2,230

				Unrestricted	Total	Total
				funds	funds	funds
				2022 8	2022 6	2021f
Event	and	fundraising	costs	30,229	30,229	11,069

					Trading	Total	Total
					subsidiary	funds	funds
					2022	2022	2021
Performance,	events	and	cafe	- staff costs	110,298	110,298	71,654
Performance,	events	and	cafe	costs	119,533	119,533	65,430
					229,831	229,831	137,084

			Building
			redevelopment	Total
		The Hub	project	funds
		2022	2022	2022
Staff costs		37,275		37,275
Depreciation		11,410	69,700	81,110
Repairs and maintenance		8,638		8,638
Sundry expenses	and cleaning	14,602		14,602
Premises and admin costs		27,498		27,498
Training		392		392
General office expenses		731		731
Advertising		3,428		3,42&
Total 2022		103,974	69,700	173,674

			Building
			redevelopment	Total
		The Hub	project	funds
		2021f	2021f	2021 5
Staff costs		14,220		14,220
Depreciation		10,390	69,700	80,090
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

	Total	Total
	funds	funds
	2022	2021
	8	F
Interest payable	1,665	1,176
Professional fees	31,660	54,574
Governance	1,800	1,650
	35,125	57,400

Staff c	osts
		Group 2022f	Group 2021f	Company 2022 8	Company 2021
Wages	and salaries	145,950	85,051	35,652	13,397
Pension	costs	1,623	823	1,623	823
		147,573	85,874	37,275	14,220

Group	Group
2022	2021
No.	No,
19

		Fixtures,
	Leasehold	fittings and
	improvementsf	equipment	Total
Cost
At 1 January 2022	1,445,700	82,773	1,528,473
Additions		6,744	6,744
Disposals		(409)	(409)
At 31 December 2022	1,445,700	89,108	1,534,808
Depreciation
At 1 January2022	219,867	19,078	238,945
Charge for the year	72,285	8,825	81,110
On disposals		(283)	(283)
At 31 December 2022	292,152	27,620	319,772
Net book value
At 31 December 2022	1,153,548	61,488	1,215,036
At 31 December 2021	1,225,833	63,695	1,289,528

13.	Stocks
		Group	Group
		2022f	2021
	Goods for resale	3,777	2,726
14.	Debtors

Debtors
		Group 2022	Group 2021	Company 2022	Company 2021
					F
Trade debtors		7,158	7,889	5,330	4,181
Amounts owed by group undertakings					6,823
Other debtors		248	5,131		58
Prepayments	and accrued income	5,357	12,120	3,817	12,120
		12,761	25,140	9,147	23,182

				Group 2022	Group 2021	Company 2022	Company 2021
				6	6		F
Bank loans				8,000	8,000	8,000	8,000
Other loans				14,109	14,109	14,109	14,109
Payments received	on account			2,533	2,832
Trade creditors				9,581	19,561	2,666	13,061
Other taxation and	social security			13,614	3,304	3,230	349
Other creditors				19,474	19,474	19,474	19,474
Accruals and deferred		income		49,417	47,259	45,987	46,145
				116,728	114,539	93,466	101,138
				Group 2022 6	Group 2021f	Company 2022 F	Company 2021 6
Deferred income at 1 January 2022				20,980	20,980	20,980	20,980
Resources deferred	during the year			20,980	20,980	20,980	20,980
Amounts released	from previous		periods	(20,980)	(20,980)	(20,980)	(20,980)
				20,980	20,980	20,980	20,980

Creditors: Amounts falling due after	more than one year
	Group 2022	Group 2021	Company 2022	Company 2021
	E.	E	E	E
Bank loans	22,667	30,667	22,667	30,667
Other loans	61,452	75,561	61,452	75,561
	84,119	106,228	84,119	106,228
Included within the above are amounts	falling due as follows:
	Group 2022	Group 2021	Company 2022	Company 2021
	F	E	F	F
Between one and two years
Bank loans	8,000	8,000	8,000	8,000
Other loans	11,609	14,109	11,609	14,109
Between two and five years
Bank loans	14,667	22,667	14,667	22,667
Other loans	6,854	16,509	6,854	16,509
Over five years
Other loans	42,989	44,943	42,989	44,943

Statement o	ffunds	- current	year
							Balance at
			Balance at				31
			1 January 2022 6	Income 6	Expenditure 6	Transfers in/(out) f	December 2022 6
Unrestricted	funds
Designated	funds
Building repairs			30,000			10,000	40,000
Latent Defects Fund			18,112				18,112
Fixed assets			1,157,994		(81,110)	31,924	1,108,808
			1,206,106		(81,110)	41,924	1,166,920
General funds
Reserves			117,783	350,207	(345,730)	(37,292)	84,968
Total Unrestricted		funds	1,323,889	350,207	(426,840)	4,632	1,251,888

									Balance at
					Balance at				31
					1 January 2022f	Income F	Expenditure f	Transfers in/(out) F	December 2022f
Restricted funds
Ernest and Elsie Taylor Legacy Fund					1,675				1,675
Lichfield	District	Council
learning	activities				196		(196)
Swinfen	Broun Chantable			Trust	2,000	4,938	(1,255)	(4,632)	1,051
Legacy -	Peter Taylor				2,000				2,000
Arts Council Cultural			Recovery		25,197	16,196	(26,715)		14,678
St Mary's	Fabric	Fund			28,135		(3,400)		24,735
We Love	Lichfield Fund				1,028				1,028
West Midlands		Museum
Development		Fund			5,000		(5,000)
Lichfield	District	Council		(Star
Wars)					2,953		(2,953)
Lichfield	Conduit	Lands (Star
Wars)					2,500		(2,500)
					70,684	21,134	(42,019)	(4,632)	45,167
Total of	funds				1,394,573	371,341	(468,859)		1,297,055

Statement o	ffunds	- prior y	ear
							Balance at
			Balance at				31
			1 January 2021 8	Income F	Expenditure E	Transfers in/(out) f	December 2021 8
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	266,866	(197,590)	(15,323)	117,783
Total Unrestricted		funds	1,326,174	266,866	(277,680)	8,529	1,323,889

Statement offunds (co	ntinued)
						Balance at
		Balance at				31
		1 January 2021 6	Income	Expendituref	Transfers in/(out) E	December 2021
Restricted funds
Ernest and Elsie Taylor Legacy Fund		1,675				1,675
Lichfield Distnct Council learning activities		1,900		(1,704)		196
Swinfen Broun Charitable	Trust	2,000				2,000
Legacy - Peter Taylor		2,000				2,000
Arts Council Cultural Recovery		46,423	54,428	(67,125)	(8,529)	25,197
St Mary's Fabric Fund			28,135			28,135
We Love Lichfield Fund		500	1,000	(472)		1,028
West Midlands Museum Development Fund			5,000			5,000
Lichfield District Council Wars)	(Star		3,000	(47)		2,953
Lichfield Conduit Lands (Star Wars)			2,500			2,500
Heritage Lottery Fund		324		(324)
Staffordshire County Council 8 Lichfield City Council			2,000	(2,000)
		54,822	96,063	(71,672)	(8,529)	70,684
Totaloffunds		1,380,996	362,929	(349,352)		1,394,573

Summary	offunds	- current yea	r
							Balance at
			Balance at				31
			1 January 2022f	Income 6	Expenditure 6	Transfers in/(out)	December 2022f
Designated	funds		1,206,106		(81,110)	41,924	1,166,920
General funds			117,783	350,207	(345,730)	(37,292)	84,968
Restricted	funds		70,684	21,134	(42,019)	(4,632)	45,167
			1,394,573	371,341	(468,859)		1,297,055
Summary	offunds	- prior year
							Balance at
			Balance at				31
			1 January 2021 6	Income f	Expenditure 6	Transfers in/(out) 6	December 2021 6
Designated	funds		1,262,344		(80,090)	23,852	1,206,106
General funds			63,830	266,866	(197,590)	(15,323)	117,783
Reslncted	funds		54,822	96,063	(71,672)	(8,529)	70,684
			1,380,996	362,929	(349,352)		1,394,573

Analysis	ofn	et assets between funds -current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			6	6	6
Tangible	fixed	assets	1,215,036		1,215,036
Current	assets		237,699	45,167	282,866
Creditors	due	within one year	(116,728)		(116,728)
Creditors	due	in more than one year	(84,119)		(84,119)
Total			1,251,888	45,167	1,297,055

Analysis	of n	et assets between funds - prior y	ear
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021 6	2021f	2021
Tangible	fixed	assets	1,289,528		1,289,528
Current	assets		255,128	70,684	325,812
Creditors	due	within one year	(114,539)		(114,539)
Creditors	due	in more than one year	(106,228)		(106,228)
			1,323,889	70,684	1,394,573

													Group	Group
													2022	2021
	Net income/expenditure				for	the	year	(as		per	Statement	of Financial
	Activities)												(97,518)	13,577
	Adjustments for:
	Depreciation charges												81,110	80,090
	Dividends,	interests	and		rents	from	investments						(2,230)	(7)
	Loss on the disposal		offixed assets										128
	Increase	in stocks											(1,051)	(594)
	Decrease/(increase)		in debtors										12,379	(20,473)
	Increase	in creditors											2,189	11,316
	Net cash	provided	by/(used			in) operating			activities				(4,993)	83,909
21.	Analysis	ofcash and		cash equivalents
													Group	Group
													2022	2021
													8
	Cash in hand												266,328	297,944
	Total cash and cash			equivalents									266,328	297,944
22.	Analysis	ofchanges		in	net debt
											At 1		Other non-	At 31
											January		cash	December
											2022	Cash flows	changes 8	2022f
											6
	Cash at bank and in		hand								297,946	(31,618)		266,328
	Debt due	within 1 year									(22,109)	22,109	(22,109)	(22,109)
	Debt due	after 1 year									(106,228)		22,109	(84,119)
											169,609	(9,509)		160,100

The following	was a subsidiary undert	aking ofthe company:
Name			Company		Class of	Holding
			number		shares
St Mary's Centre Lichfield (Shops) Limited			02787447		Ordinary	100'lo
The financial	results ofthe subsidiary	for the year were:
Name			Income	Expenditure		Net
			8		8	liabilities
St Mary's Centre Lichfield (Shops) Limited			225,235		(231,980)	(98,838)