| Company information |
|||
|---|---|---|---|
| Report ofthe Trustees | |||
| Independent Examiners |
Report | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | |||
| Detailed Income and Expenditure |
Account | 20 |
| THE C | OURTYARD ARTS AND COMMUNITY CENTRE | OURTYARD ARTS AND COMMUNITY CENTRE | OURTYARD ARTS AND COMMUNITY CENTRE | OURTYARD ARTS AND COMMUNITY CENTRE | OURTYARD ARTS AND COMMUNITY CENTRE | ||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||||||
| Incor | oratin | the income | and Ex enditure | account | |||||
| FOR | THE | YEAR ENDED 31"MARCH | 2021 | ||||||
| Unrestricted | Designated | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | Funds | |||||
| 2021 | 2020 | ||||||||
| INCOME | Notes | f | |||||||
| income from charitable |
activities: | ||||||||
| Operation ofArts and Community |
|||||||||
| centre: | |||||||||
| Studio Income | 38,511 | 38,511 | 106,467 | ||||||
| Gallery Income | 2,697 | 2,697 | 18,336 | ||||||
| Fundraising (net) |
(244) | (244) | 6,888 | ||||||
| Grants and donations: | 53,141 | 9,221 | 62,362 | 4,200 | |||||
| Investmentincome: | |||||||||
| Bank interest received: | 7 | 78 | |||||||
| Total income | 94,112 | 9,221 | 103,333 | 135,969 | |||||
| EXPENDITURE | |||||||||
| Expenditure on charitable |
|||||||||
| activities: | |||||||||
| Operation ofArts and Community Centre: |
93,277 | 12,753 | 106,030 | 142,532 | |||||
| Total expenditure | 93,277 | 12,753 | 106,030 | 142,532 | |||||
| Net expenditure for the |
year | 835 | (3,532) | (2,697) | (6,563) | ||||
| Gross transfers between |
funds | (3,001) | 4,389 | (1,388) | |||||
| Net movement in funds |
(2,166) | 4,389 | (4,920) | (2,697) | (6,563) | ||||
| Reconciliation offunds: |
|||||||||
| Balances brought forward 2020 |
1 April | 44,790 | 6,625 | 6,781 | 58,196 | 64,759 | |||
| Balances carried forward as at 31 March 2021 |
42,624 | 11,014 | 1,861 | 55,499 | 58,196 |
| BALANCE SHE | BALANCE SHE | ET | |||||
|---|---|---|---|---|---|---|---|
| AS AT 31"MARCH | 2021 | ||||||
| 2021 | 2020 | ||||||
| Notes | E | f | 6 | 6 | |||
| FIXEDASSETS | |||||||
| Tangible assets | 34,485 | 38,039 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 5,583 | 7,043 | |||||
| Cash at bank and | in hand | 27 | 452 | 32,933 | |||
| 43,035 | 39,976 | ||||||
| CREDITORS Amounts | falling | ||||||
| due within one year | 9 | 22521 | 19,819 | ||||
| NET CURRENT ASSETS | 21,014 | 20,157 | |||||
| TOTAL ASSETS | LESS CURRENT LIABILITIES | 55499 | 58,196 | ||||
| RESERVES | |||||||
| Unrestricted funds |
42,624 | 44,790 | |||||
| Designated Fund |
13 | 11,014 | 6,625 | ||||
| Restricted funds | 14 | 1 861 | 6 781 | ||||
| TOTAL CHARITY | FUNDS | 55,499 | 58196 |
| 2. SO | URCES OF MATERIAL GRANT | S AND DONATIONS | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Fundsf | Funds 6 |
2021 6 |
2020 | ||
| Covid | Job Retention Scheme | 29,868 | 29,868 | 1,174 | |
| Covid | Small Business Grant | 20,241 | 20,241 | ||
| Herts | Community Foundation |
3,230 | 3,230 | ||
| HCC Mind |
Locality Budget in Mid Herts |
1,000 1,691 |
1,000 1,691 |
||
| Art Reach Grant | 3,000 | 3,000 | |||
| Herts | Year of Culture | 300 | 300 | ||
| Other | donations | 3,032 | 3,032 | 3,026 | |
| 53,141 | 9,221 | 62,362 | 4,200 |
| Operation ofArts and Community Centre: |
2021 | 2020 | |||
|---|---|---|---|---|---|
| 6 | L | ||||
| Costs directly allocated | to | ||||
| activities | |||||
| Artists sales and materials | 4,672 | 19,502 | |||
| Tutor fees | 26,264 | 44,831 | |||
| Project costs Insurance |
4,478 1,446 |
4,276 1,424 |
|||
| Depreciation | 3,552 | 1,865 | |||
| Governance costs | |||||
| Administration costs |
500 | 500 | |||
| Independent examiners |
fees | 3,310 | 3,180 | ||
| Support costs allocated to | |||||
| activities | |||||
| Rent | 5,050 | 6,650 | |||
| Rates | 223 | 911 | |||
| Light and heat Cleaning Repairs and renewals, |
. | 2,649 1,189 1,090 |
3,059 1,471 1,728 |
||
| Legal and professional | 4,525 | ||||
| Postage, printing, stationery and m T A arketing elephone & internet dministration costs |
3,646 3,340 40,096 |
10,151 991 41,993 |
|||
| 106,030 | 142,532 | ||||
| The total amount of support costs incurred Community Centre amounted to F61,808 |
in the period relating to the operation of the Arts and (2020:F66,954) and for governance costs were 63,810 |
||||
| (2020:F3,680). | |||||
| 4. OPERATING SURPLUSi (DEFICIT) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| The operating | surplus/ | (deficit) is | stated after charging; | ||
| Depreciation | —owned | assets | 3,552 | 1,865 | |
| Independent examiners Rentals payable under |
fess operating |
leases | 3,310 5,050 |
3,180 6,650 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| The costs of employing | staff which are induded | within | Charitable 2021f |
activities | in | Note 3were: 2020f |
| Wages and salaries | 60,470 | 58,133 | ||||
| Social security costs | 221 | 972 | ||||
| Pension contributions |
2,643 | 2,189 | ||||
| ~63334 | 61,294 |
| ANGIBLE FIXEDASSE | TS | TS | |||
|---|---|---|---|---|---|
| Short Leasehold | Fixtures, | ||||
| property | & | fittings | & | ||
| improvements | equipment | Total | |||
| Cost | |||||
| At 1st April 2020 | 28,821 | 34,799 | 63,620 | ||
| Additions | |||||
| At 31"March 2021 | 28 | 821 | 34,799 | 63,620 | |
| Depreciation | |||||
| At 1st April 2020 | 720 | 24,863 | 25,583 | ||
| Charge for year | 720 | 2 | 832 | 3,552 | |
| At 31"March 2021 | 1,440 | 27 | 695 | 29 135 | |
| Net Book Values | |||||
| At 31"March 2021 | 27 | 381 | 7 | 184 | 34485 |
| At 31"March 2020 | 28 | 181 | 9 | 936 | 38,037 |
| 8. | DEBTORS | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 5 | 5 | |||||
| Prepayments Other debtors |
1,300 4283 |
1,300 5,743 |
||||
| 5 583 | 7,043 | |||||
| 9. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | |||||
| 8 | 5 | |||||
| Deferred income |
(Note 10) | 14,351 | 8,341 | |||
| Trade creditors | 2,199 | 5,774 | ||||
| Other taxes and | social security | costs | 903 | |||
| Accruals | 5,471 | 4 801 | ||||
| 22421 | 19,819 | |||||
| 10. | DEFERRED INCOME | |||||
| 2021 | 2020 | |||||
| 8 | 5 | |||||
| At 1 April 2020 | 8,341 | 10,578 | ||||
| Amount released |
to incoming | resources | (8,341) | (10,578) | ||
| Amount deferred |
in the year | 14351 | 8 341 | |||
| At 31 March 2021 | 14,351 | 8,341 |
| 3.ANALYSIS | OF DESIGNATED | FUNDS | |||
|---|---|---|---|---|---|
| Balance at | Incoming | Utilissd/ | Balance at | ||
| 01/04/20 | Resources f |
Released f |
31/03/2021 f |
||
| Development | Fund | 6625 | 4,389 | 11014 | |
| ANALYSIS | OF DESIGNATED | FUNDS —PREVIOUS | YEAR | ||
| Balance at | Incoming | Utilised/ | Balance at | ||
| 01/04/1 9 f |
Resources f |
Released f |
31/03/2020 f |
||
| Development | Fund | 21,107 | ~14,462 | 6,626 |
| 4.ANALYSIS O | F M | OVEME | NT IN RESTRICT |
ED FUNDS | ||
|---|---|---|---|---|---|---|
| Movement | in funds | |||||
| Balance at | Incoming | Utilised/ | Balance at | |||
| 01/04/2020 | Resources | Released | 31/03/2021 | |||
| f | f | f | f | |||
| MAC computer | fund | 2 | 304 | (304) | ||
| Pottery and Printing | fund | 1,389 | (695) | 694 | ||
| Redevelopment | fund | 3,532 | (3,532) | |||
| Kiln fund Outreach Fund |
1,556 6,781 |
9,221 9,221 |
(389) ~19,221 ~(14,141 |
1,167 1,861 |
| ANALY | SIS O | F MO | VEMEN | T IN RESTRICTE |
D FUNDS —PRE | VIOUS YEAR | |
|---|---|---|---|---|---|---|---|
| Movement | in funds | ||||||
| Balance at | Incoming | Utilised/ | Balance at | ||||
| 01/04/201 9 | Resources | Released | 31/03/2020 | ||||
| f | F | F | f | ||||
| MAC computer | fund | 2 | 609 | (305) | 304 | ||
| Pottery and Printing | fund | 4,041 | (2,652) | 1,389 | |||
| Redevelopment | fund | 3,532 | 3,532 | ||||
| Kiln fund | 1,945 | (389) | 1,556 | ||||
| Outreach | Fund | 1,798 | (1,798) | ||||
| 10,127 | 1,798 | (5,144) | 6,781 |
| . ANALYS | IS | OF NET A | SSETS BETWEEN | FUNDS | ||
|---|---|---|---|---|---|---|
| Tangible Fixed |
Net Current |
Cash at | ||||
| Assets f |
Liabilities f |
Bankf | Totalf | |||
| Restricted | Funds | 1,861 | 1,861 | |||
| Development | Fund | 11,014 | 11,014 | |||
| Unrestricted | Funds | 32,624 | (16,438 | 26,438 | 42,624 | |
| 34,485 | (16,438) | 37,452 | 55,499 |
| Tangible | Net | |||||
|---|---|---|---|---|---|---|
| Fixed | Current | Cash at | ||||
| Assets f |
Liabilities f |
Bankf | Totalf | |||
| Restricted | Funds | 2,749 | 4,032 | 6,781 | ||
| Development | Fund | 6,625 | 6,625 | |||
| Unrestricted | Funds | 35,290 38„039 |
(12,776 ~(12,776 |
22,276 32,933 |
44,790 58,196 |
| Unrestricted | Designated | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | |||
| 2020 | 2019 | ||||||
| INCOME | |||||||
| Income from charitable |
activities: | ||||||
| Operation ofArts and Community |
|||||||
| centre: | |||||||
| Studio Income | 106,467 | 106,467 | 97,127 | ||||
| Gallery Income | 18,336 | 18,336 | 17,539 | ||||
| Fundraising (net) |
6,888 | 6,888 | 11,506 | ||||
| Grants and donations: | 1,228 | 2,972 | 4,200 | 14,282 | |||
| Investment income: | |||||||
| Bank interest received: | 78 | 78 | 72 | ||||
| Total income | 132,997 | 2,972 | 135,969 | 140,526 | |||
| EXPENDITURE | |||||||
| Expenditure on charitable |
|||||||
| activities: | |||||||
| Operation ofArts and Community Centre: |
137,602 | 4,930 | 142,532 | 158,123 | |||
| Total expenditure | 137,602 | 4,930 | 142,532 | 158,123 | |||
| Net expenditure for the |
year | (4,605) | (1,958) | (6,563) | (17,597) | ||
| Gross transfers between |
funds | 15,870 | (14,482) | (1,388) | |||
| Net movement In funds |
11,265 | (14,482) | (3,346) | (6,563) | (17,597) | ||
| Reconciliation offunds: |
|||||||
| Balances brought forward 2019 |
1 April | 33,525 | 21,107 | 10,127 | 64,759 | 82,356 | |
| Balances carried forward as at 31 lillarch 2020 |
44,790 | 6,625 | 6,781 | 58,196 | 64,759 |