THE DOUGLAS CEhlTRE TRUST REPORT AN'D ACC UNTS R THE YF.AR ENDED 31 DECENqBER 2020 CHARITY RLGISTRATION NL'UBER 1047038 COMPANY REGISTRATION NIJMBF,R 3057887
THE DOUGLAS CENTRE "fRiIST TRUSTEES. REPORT FOR THE YEAR EN'DED J l DECEMBER 2020 The Trustees present their report and ac¢ounts for the >'ear ended 31 D¢¢eiiiber 2020. STRUCTURE. GOVERNANCE MANAGE,MEYT.4ND OBJECTS The Douglas cent Trust w'as established bv a charitable trust deed on 8 1995. The objectives of ihc trust ar¢.' To proniote tlie ideals ot lifelong learning in the arts and Inaximise tlie potential of the arts to furtlier pers051al and social development. To ensure cqualih, of opponunity and acccss to the facilities. To retlecl in ils programme and act1 ilies ihe rich diversily which is manifest in the commuiiity al large, To endeavour to give a¢cess io tlie ver). best contemporary artistic pi'acti¢e. Triistees arc required to participaic in an induction and rrainiiig programme at tlie start of tlieiF teriii. E.MPLOYF.F.S Tl)e Douglab Cenire TrLlSt has no cliiploees. ACHIEVEMENTS .4ND PERFORMANCE The aclii'ities ol'ihe-lrusl are described in full in the Cliairman's Report. FINANCIAL REVIEW Tlie details arc set out in tlie attaclied financial statements. TRUSTEES Tlie TrLlSt¢¢s who seri'ed at i 1° Decetnber ?020 were.' jei.e1Y Jolill Tliom Barbara Jane Thorn laiTr Robert Daijies Pliillip John Co()per Joan Matilda styrien Andreii, Janies Keaiie Paul GeofYre>' Aikins Regist¢rcd Oftice The Cornerhouse, 116 Douglas Road, Surbiloii. Surrey KT6 7SB The Corncrhouse 10470)8 )057887 Slodne WiRckless & Co Chartered Accountants ?_4 Ston¢leigh Park Road Epsoin Surrey KT19 OQT Cliarily Nuihber C()mpaii}' Nuniber R¢pDitiiig Accountanis
REVIEW OF THE FIN'ANCIAL POSITION Asset Covcr for Flin Tlie Trust'"s assets are held as short-term bank deposits. These are sulTicient lo meet the Trust"s immediaie obligations. Reserves Poli¢ and RisL ,Mana etnent The Trust reviews its reserves and risk polici¢s routinely as part of its maiiagement of the Cliariiy""s operations. 1.lie Trust idenlifiei ihe biTrg¢st risk lo ils activities as ihe Iithdraal of the virtually free premises. To &iddre8s tl)is, it contiiiues to negotiat¢ the agreemcnl iiih the Parocl)iil Cl)urch Council M,Iiich s¢ts out ilie iioi eommercial nature of the proN'isioo of th¢ premises. The oiher significant risk is an intern]plion lo da)'to-day a¢livities which ivould impact on income whilst requiring continu¢d Ineeling of outgoings. 'fhe Trust ¢oi)siders thai il iieeds to bc able to meei these oiitgoinos for a period of at least six Inontl)s lo enable it io Illanage any sucli crisis. Thc Cxperieiice of the pandeinic reinforccd our i'icii that iliis ilas a sensible course. It tliei'¢for¢ ¢oiTrlinueg to reserve £12:000 to meet basic cosi coniiiiitinents for si.1 rnontlis. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATENiEN'TS .liarity' Iruslecs {wlio are also lh¢ directors of ihe company for tlie purposes of comp8tJy laiv) are respoi)sible for preparing a trustees, annual rcport aud fii)at)cial sleinen1 in aecordance ivitli appliLabl¢ law aiid United Kingdom A¢coiiiiting Staiidards (Ui?it¢d Kinodoin Generallv Accepted AcLOUI)ling Practice). Coinpan}' lam, requires the ehariti, tn]stees to prepare fIiiancial %tateinents for each year whiLli give a triie aiid tair i'ieii of the state of affairs of tlie charitable compan} and the group and of ihe incoming resoiir- ¢s and applicaiion of resoiirces, Ineliidjng the iftcome and e.[1}ditU1"e, of d)e charitable group for tliat period. Iii prepariiig Ilie finall1[ staiements, the triistees are re4uir¢d to-.- s¢l¢ct suitable accoLiiJlinu policies and ihen apply them ¢onsistently- obseiv¢ tlie tnetliods and principles in ihe Chariiies SORP- make judgements and ¢slittiaies thai are reasonable aiid prudeiit- slate whetlier applicable UK accountiiig siandards hai'e been folloiied: subject to any Inaterial departurcs disclosed 4ind explaiiied in the finaiicial staietneiits; prepare the financial statements on ihe goints COllC¢Tn basis unless i( is ii)appiopriate to presiiire tl?at the charitv lI1 Lontinue ii) business. The trustees aiE responsible for k¢¢piii proper accoiii)ling records il)&t disclose with reasonable aecuracy at any tinie ilie financial position of the el)aritv and to enable thein to ensure th<lt the finaiicial staiemeiits eonipl). with Ili¢ Companies Act 2006.. They are also responsible fi)r safeguarding tlie assets of Ilie charity ai)d henc¢ taking asonabl¢ Meps for the prcvciition and detection of fraud ajid other irregularities. LL MPANY PROVISION This report has been prepared in accordance with the special provisioiis r¢lating to companies subject to tlie ssnall coinpaiiies regime ivitliin Part 15 of tl)e Conipanies Aci 2006. Approved bN' the Tn]stees on Sigiied oli its behalf by JTThom Trustee
THE CJLAS CENTRE TRUST CHAIR'S REPORT FOR THE YEAR ENDED ST DECEMBER 20?0 2019 ivas, arguably, the most 5C¢s$fi]I Jcar in our history,. Bltr contrasL ?020 presented us witli Linpreeedented Challenges. At tlie end of 2019 w¢ took the decision to increase oiir r¢seTr'e specificallv allocated to kcepiiig tlie cei)(r¢ goiiig when unabl¢ to tyenerate iiicom¢. W'e were thinkinu of some disaster bcfalling our ageiiig building, iiot a global pandemic. In practice, the pandemic slopped us earning. eiil)¢r coinpletel}' or partiall)., froin niid-Nlarch oiiw'ards. Noneilieless, we '¢re able io successfully survik'e the J'ear, by a tnixture of opening to redliced audieiices in COVID-s¢cure ¢onditions, reducing expenditure i¥herever possible atid maintaining aiid cxtei?ding our onliiie presence. We ii""erc also niucli l)elped b). a uenerous ani froni Ihe goe[nine11t'S coronavirus support fund, and by a sucee%5fiil start to lh¢ )'ear, most iiotabl)" througli our annual pantotnime. A fairly small group of dediLated volunteers continiied to ii"ork- liard lo maiJ)Idin the ¢entre aEid get in ready for l15¢ 111 tli¢ periods %vhen thai a$ possible. Our ti'easurer has worked ii'ondeFS, despite shielding tliroiigl)out this difficult period. As alw<lyS, we are indebted to our benevoleni landlords. St. lattIleW"s Churcli. Thanks also go to Sloane Wiiickless & Co.. Chartered Accountants, who agaiii inspected our accouiits iiiilioul Lliai'ge. JemY Thorji April 2021
THB DOUGLAS CENTRE TRU'ST
COMPANY LIIMITED BY GUARAN"fEE
IJNDEPENTDENT EXAMINER'S RLPOIIT
ST
FOR T14E YEAR ENDED 31 t)ECEMBF.R 2020
We report to Il)e Charity trustces 01) our e.xaiiiiiiatioi) of Ilie aecounts of the cliaritable compaiiy for the year
elided 31, Deccinber 2020.
RESPONSIBILITIES AND BASIS or REPORT
As tlie cliariiv's Lruslees of the compaii), (aIid also 118 (lireclors for tlie ptirposes of compaiiy laiv} you are
respoiisible for tlic pi'eparatioii of tl)¢ acLOUllts in a¢cordance ivith tlie requireiiients of the Compaiiies Act 20Q6
{'tlie 2006 Act).
Hal'ing sati£ficd ourselves that Ilie &LOLlllts of tl)e coinpaJ)y are iiol required to be audited Liiider l)
art 16oftlie
?006 Act aiid are eligible for indepeiideiit examiiiatioi). Ive report in respect of oiir exaJniii#lioi) of j'oiir cliarity's
accounts as carried out Liiidei. 5ectioi1 145 ofilitt Charilies Aer 2011 ('tlie 201 l Act,). In caFTriiig oiit oiir
¢xamin<1tEoii, Ive l)uve followed ilic dire¢tions giveii by Il)e Chai'it). Coininissioi) under section 145(5)(b) of the
2011 Act.
EPENDENT EXAMINER'S SI"ATEMENT
'e hawe coi))pl¢ted oiii. exaniinatioii. We coiifirin ilial no iiialters Ii
THE OL'GLAS CF.NTRE TRUST CONSOI,LDATED STATENIEN"I' OF Fll*ANCIAL ACTIVITtES FOR E YEAR ENDED 31 ' DECEMBF,R 2020 Unresiricled Restricted Fiii)ds Fiiiids Total 2020 2019 IliCOMtNG RESOURCES Ceiiii-e Iiire Doiiations aiid gifts Gr•nts r¢e¢ivabl¢ Bank iiiterest BoX office Oil)ei' incoiii¢ Bar Likings 9,301 16,640 150 1,500 3? i o,ooo 63 7,797 808 7.977 0,000 63 7,797 808 7,977 15,179 25,557 TOT , IN,COMIN:Cy RESOURCES 36,078 60,172 IILgObP.CES EXPENDED Prodiictioii costs 1,781 4.8?7 2,029 1.781 4,827 3.146 5.784 2,803 3,712 1,320 9.604 Of'fice costs Iiisiirance Licei)ces fvlaiiiteiiaJ)¢e Oiher expeiidiiur¢ Bar siippli¢s Publicitv 3,701 218 3,606 1,036 218 3,606 1,036 3,910 ,954 189 194 T'OTAL Rb.SOURCES EXPENIDE 21,302 42,061 Ner ii)eoiiiii)g resoiirces 14,776 14,776 Nei mowements in tiinds 14,776 14,776 Fuiid balaiices brouiyht foThvard fi'otn 2019 63,425 12,000 75,425 57,314 FL,ND BALANCES CARRIED FORWARD 2020 78,201 12,000 90,20 75,425
THE DOUGLAS CENTRE TRUST BALANCE SHEET ST T JI DECEMBER 2020 2020 cu RENT Assf,TS Siocks Cash at baiik" and in liaiid 360 95,487 695 95,847 81,071 CRE.DITORS (AIMoui)ts falliiig due M'itliiii one vear) 5,646 5,646 N,ET CLIRRENT ASSETS 90,201 75,425 TOTAL ASSETS LE RF.N I- LIARILI-fiES 90,201 75.42) THE FUNDS OF THF. CHARITY Resli'icted fui)ds Ui)rLslricied fiinds 12,000 78,201 12,000 63,425 90,201 75,42) TIIL tI'll)ieeg lire satisfied that tlie coiiipaiiy is entitled to e.iemplioii Iiiidcr seciiui) 477(1) of Ilie Coi)IP&1nies Act 2006 aiid tlial iio J)Iciiiber or Iiieillbers liave reqLiested ali audil pui'siianr to section 476 of tlie Act. ThL¥ ti'iistees acknoivledi)¢ their responsibilities for compl>'ing witli th¢ I'equireiiieiits of tl)c Coinpanies Act 2006 ilh resp¢ct to accouiitiiig records aiid for the pi'eparation of accoiints. The coiiipaiiy's aiiiiual accouiits liave beeii prepared in accordaiice will) tlie special provisioiis relatEiig to companies siibje¢t to the. small coiiipat)ies iEgiille within Part 15 of the Coiiipai)ies Act 2006. Approved by the Board on sigiied on its belialf by aiid J J Thorii Dir¢¢lor Coinpany Nunibei.: 3057887
THE DOUGLAS CEXITRE TRL:ST hroTE TO THE FtNANCIAL STATEI11NI"S FOR THE YEAR ENDED J ]- DECEMBER 2 20 ACCOUTr*TING POLICIES Con%'eniion Tlie ftnancial stateiii¢nts are prepared under tl)e historical cost con&'ention iii accordance willi fRS 102 Seciioii l A: tIIL' Stateiiieni of Recoiniiiended Prnctice-"Ac¢ountinu aiid Reporting b!. Cl)arities ' issiied iii l¢1r¢I] ?015 (SORP 201 qi.- -file Cotnpanies Act ?006. Tl)c compaiiy is liiiiited by guarant¢¢ and coi)>¢quei)Il)' doe5 Ilot liai."e 51iare capital. The priiicipE)l accoiinting policies adopted iji tli¢ preparaiioii of tl)e finai)eial statemeiits are as folloi¥>'.- INCOMING RE.SOURCES Ii)Luine froin evenrs aiid centre hires are included in inconiii)LT r¢sources ii) tlie period in wliicli Tl)e rclei'aiit L.elit takts pliLe. Iiicoii)e froiii doiialioiis and ur1nts li included iii ii)coining resoiirces: wlieii tliese are receii'able eNcept ii,l)ere thL doiior specifies thar the qraiit nlUSt be used in luluie accouiiiing periods. In siich cases, th¢ incoine is deferred uniil Ilie i¢lei'aiit period. Inierl'bt is ii)cILided ii."hen receivable b), the ¢harit)-. RESOURCES EXPENDED RLgoLiireR expended are incliided in the Stateme111 of Finaiicial Actii'iiies on ali a¢ci'iials basis. Certaiii e.ipeiidiiLire is diicctl}' attribiithble io specific aciil'iiies and lias bceii included in those categiories. Certaiii otlier ¢0515, i¥,liieh are attrtbuiable. to more than one a¢tiiiit)', are apportioned across Cost cat¢gori¢s on Ihe basis of ali estimate of tlie propottion that can reasoiiabli. be costed io tlie categFory."