2022-03-31-accounts

Company information
Report ofthe Trustees
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet		10
Notes to the Financial Statements		11-19

TRUSTEES/DIRECTORS:	TRUSTEES/DIRECTORS:	Mr M. A. Robinson
		Mrs S.J.Pickup
		Mrs S.Webb
		Mrs M Ewer
SECRETARY:		Mr M. A. Robinson
REGISTERED	OFFICE:	The Stables
		Port Vale
		Hertford
		Hertfordshire
		SG14 3AA
REGISTERED	NUMBER:	03044085 (England	and Wales)
CHARITY NUMBER:		1044469
CHARITY WEBSITE:		www. courtyardarts.	org.uk
INDEPENDENT	EXAMINER:	R.J.Sears FCCA
		Hentons
		Stag House
		Old London Road
		Hertford, Herts
		SG137LA
BANKERS:		HSBC Bank pic
		36 Fore Street
		Hertford
		Herts.
		SG14 1BS

				FOR	THE YEAR ENDED	31"MARCH	2022
					Unrestricted	Designated	Restricted		Total	Total
					Funds	Funds	Funds		Funds	Funds
									2022	2021
INCOME				Notes
Income from charitable		activities:
Operation ofArts	and Community
centre:
Studio Income					111,389				111,389	38,511
Gallery Income					7,181				7,181	2,697
Fundraising (net)					8,573				8,573	(244)
Grants and donations:					28,255		3,698		31,953	62,362
Investmentincome:
Bank interest received:
Total income					155,401		3,698		159,099	103,333
EXPENDITURE
Expenditure on charitable
activities:
Operation ofArts Centre:	and Community				116,581		3,698		120,279	106,030
Total expenditure					116,581		3,698		120,279	106,030
Net expenditure	for the		year		38,820				38,820	(2,697)
Gross transfers between			funds		(14,694)	15,777	(1,083)
Net movement in funds					24,126	15,777	(1,083)		38,820	(2,697)
Reconciliation offunds:
Balances brought 2021	forward		1 April		42,624	11,014	1,861		55,499	58,196
Balances carried forward as at 31 March 2022					66,750	26,791		778	94,319	55,499

THE	THE	COURT	COURT	YARD ARTS AND COMMUN	ITY CENT	RE
Com an		number		3044085 Re istered charit	number	1044469
				BALANCE SHEET
				AS AT31"MARCH 2022
				2022		2021
				Notes
FIXEDASSETS
Tangible assets					57,528		34,485
CURRENT ASSETS
Debtors				2,156		5,583
Cash at bank and	in	hand		66,869		37,452
				69,025		43,035
CREDITORS Amounts			falling
due within one year				32,234		22,021
NET CURRENT ASSETS					36,791		21,014
TOTAL ASSETS	LESSCURRENT LIABILITIES				94,319		55,499
RESERVES
Unrestricted funds					66,750		42,624
Designated Fund				13	26,791		11,014
Restricted funds				14	778		1,861
TOTAL CHARITY	FUNDS				94,319		55,499

Operation ofArts and	Operation ofArts and
Community	Centre:				2022	2021
					E
Costs directly allocated			to
activities
Artists sales	and materials				8,544	4,672
Tutor fees					45,251	26,264
Project costs					3,698	4,478
Insurance					2,003	1,446
Depreciation					3,552	3,552
Governance	costs
Administration	costs				500	500
Independent	examiners		fees		3,590	3,310
Support costs allocated to
activities
Rent					5,100	5,050
Rates					764	223
Light and heat					3,261	2,649
Cleaning					1,638	1,189
Repairs and	renewals,	.			2,955	1,090
Legal and professional					1,847	4,525
Postage, printing, stationery				and
marketing					11,179	3,646
Telephone 8	internet				2,606	3,340
Administration	costs				23,791	40,096
					120,279	106,030

				2022	2021
				E
The operating	surplus/	(deficit) is	stated after charging:
Depreciation	—owned	assets		3,552	3,552
Independent	examiners	fees		3,590	3,310
Rentals payable under		operating	leases	5,100	5,050

STAFF COSTS
The costs of employing	staff which are included	within	Charitable	activities	in Note 3were:
			2022		2021
Wages and salaries			22,665		60,470
Social security costs			404		221
Pension contributions			572		2,643
			23,641		63,334

TANGIBLE FIXEDASSE	TS
	Short Leasehold	Fixtures,
	property &	fittings &
	improvements	equipment	Total
Cost
At 1st April 2021	28,821	34,799	63,620
Additions	26,595		26,595
At 31"March 2022	55,416	34,799	90,215
Depreciation
At 1st April 2021	1,440	27,695	29,135
Charge for year	720	2,832	3,552
At 31"March 2022	2,160	30,527	32,687
Net Book Values
At 31"March 2022	53,256	4,272	57,528
At 31"March 2021	27,381	7,104	34,485

		FOR	THE	YEAR ENDED 31"MARCH	2022
8.	DEBTORS
					2022	2021
	Prepayments					1,300
	Other debtors				2,156	4,283
					2,156	5,583
9.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
	Deferred income	(Note 10)			18,209	14,351
	Trade creditors				6,226	2,199
	Other taxes and	social security costs			252
	Accruals				7,547	5,471
					32,234	22,021
10.	DEFERRED INCOME
					2022	2021
					E
	At 1 April 2021				14,351	8,341
	Amount released	to incoming		resources	(14,351)	(8,431)
	Amount deferred	in the year			18,209	14,351
	At 31 March 2022				18,209	14,351

3.ANALYSIS	OF DESIG	NATED FUNDS
		Balance at	Incoming	Utilised/	Balance at
		01/04/2021	Resources	Released	31/03/2022
			E		E
Development	Fund	11,014		5,777	16,791
Legacy Fund				10,000	10,000
		11,014		15,777	26,791

ANALYSIS	OF DESIG	NATED FUNDS —P	REVIOUS YEAR
		Balance at	Incoming	Utilised/	Balance at
		01/04/2020	Resources	Released	31/03/2021
		E		E
Development	Fund	6,625		4,389	11,014

4.ANALY	SIS	OF M	OVEMENT	IN RESTRICTED	FUNDS
					Movement	in funds
				Balance at	Incoming	Utilised/	Balance at
				01/04/2021	Resources	Released	31/03/2022
				F		E	E
Pottery and Printing			fund	694		(694)
Kiln fund				1,167		(389)	778
Outreach	Fund				3,698	(3,698)
				1,861	3,698	(4,781)	778
ANALYSIS OF MOVEMENT				IN RESTRICTED	FUNDS —PREVIOUS YEAR
					Movement	in funds
				Balance at	Incoming	Utilised/	Balance at
				01/04/2020	Resources	Released	31/03/2021
				E
MAC computer		fund	2	304		(304)
Pottery and Printing			fund	1,389		(695)	694
Redevelopment		fund		3,532		(3,532)
Kiln fund				1,556		(389)	1,167
Outreach	Fund				9,221	(9,221)
				6,781	9,221	(14,141)	1,861

. ANALYS	IS	OF NET A	SSETS BETWEEN	FUNDS
			Tangible	Net
			Fixed	Current	Cash at
			Assets	Liabilities	Bank	Total
						E
Restricted	Funds		778			778
Development		Fund			26,791	26,791
Unrestricted		Funds	56,750	(30,078)	40,078	66,750
			57,528	(30,078)	66,869	94,319

			Tangible	Net
			Fixed	Current	Cash at
			Assets	Liabilities	Bank	Total
			E	E	E
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

			Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds	Funds	Funds	Funds
						2021	2020
INCOME
income from charitable	activities:
Operation of Arts 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
investment income:
Bank interest received:							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