##
##
##
|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|