##
|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||
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|||||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|
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|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|
##
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|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|
##
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|||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|
##
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|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|
##
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|. 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|
##
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||||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|