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||||||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|
##
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|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|||
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||||||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|
##
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||||||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|
##
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||||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|
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||||||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|
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|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||
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|||||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|
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##
||||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|
##
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##
||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||
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|||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|
##
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##
##
|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|
##
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##
##
|||||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|
##
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##
|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|
##
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##
||||||||||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|
##
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##
|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|
##
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##
|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|
##
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##
|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)|