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2021-03-31-accounts


Trustees			N. Shuker
			A. Goddard*
			J. Hinds*
			A. Mitchell
			R. Redman*
			Y.Abay*
			J.Berger
Also Directors for Companies			Act purposes
Charity number			1105191
Company	number		05162019
Registered		office	2Allum Lane
			Elstree
			Hertfordshire
			WD6 3PJ
Independent		examiner	Gary Howard	FCA
			Howard Wilson Chartered			Accountants
			36 Crown Rise
			Wafford
			Hehfordshire
			WD25 ONE
Bankers			Metro Bank
			One Southampton		Row
			London
			WC1B 5HA

				Page
Trustees'	report			1-3
Independent examiner's			report
Statement	offinancial	activities
Balance sheet				6-7
Notes to	the financial	statements		8-17

				2021	2020
			Notes
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Government support grants				77,734
Operation of Community		Centre		67,714	225,504
Investments				21,276	25,745
Total income				166,724	251,249
Operation ofCommunity		Centre		255,626	284,886
Total expenditure				255,626	284,886
Net expenditure for the		year		(88,902)	(33,637)
Other recognised gains		and losses
Revaluation oftangible	fixed assets			(2,555)	692
Net movement in funds				(91,457)	(32,945)
Fund balances at 1 April		2020		1,818,169	1,851,114
Fund balances at 31 March 2021				1,726,712	1,818,169

				2021		2020
			Notes	E		f
Fixed assets
Tangible assets			10		112,702		113,637
Investments			11		178,798		181,352
					291,500		294,989
Current assets
Debtors			13	24,596		39,869
Investments			14	1,204,673		1,362,043
Cash at bank and	in	hand		224,747		152,055
				1,454,016		1,553,967
Creditors: amounts		falling due within
one year				(18,804)		(29,884)
Net current assets					1,435,212		1,524,083
Total assets less	current liabilities				1,726,712		1,819,072
Creditors: amounts		falling due after
more than one year							(903)
Net assets					1,726,712		1,818,169
Income funds
Unre tri fund
Designated funds			17	1,399,682		1,410,325
General unrestricted		funds		323,233		401,492
Revaluation reserve				3,797		6,352
					1,726,712		1,818,169
					1,726,712		1,818,169

				Unrestricted	Total
				funds
				2021	2020
					F
Government	support grants			77,734
Grants receivable for core activities
Hertsmere	Council - Covid 19support		grants	38,043
HMRC CJRS furlough		grants		39,691
				77,734

					Community	Community
					Centre	Centre
					operation	operation
					2021	2020
					E
Letting	income	and	related	charges	67,714	225,504

5	Investments
							Unrestricted	Unrestricted
							funds	funds
							2021f	2020
	Interest receivable						21,276	25,745
6	Operation ofCommunity				Centre
							2021 f	2020f
	Staff costs						127,890	131,157
	Depreciation and	impairment					11,577	13,012
	Premises costs						86,961	115,731
	Office costs						4,341	6,058
	Computer costs						1,990	2,053
	Advertising and marketing						2,482	4,240
	General expenses						2,217	3,785
	Legal and professional			costs			840	840
	Accounting and bookkeeping					costs	15,203	12,210
	Bad and doubfful	debts					(35)	(6,000)
	Governance costs						2,160	1,800
							255,626	284,886
	Analysis by fund
	General unrestricted		funds				255,626
							255,626
	Forthe year ended		31	March 2020
	General unrestricted		funds					233,455
	Designated funds							51,431
								284,886

The average	m	onthly number ofemployees during t	he year was:
			2021	2020
			Number	Number
Direct charitable		work
Administrative
Employment	costs		2021	2020
Wages and salaries			123,450	125,602
Social security		costs	2,421	3,536
Other pension	costs		2,019	2,019
			127,890	131,157

10	Tangible fixed assets	Tangible fixed assets
					l.and and	Fixtures,	Computer	Total
					buildings	fittings 8	equipment
						equipment
	Cost
	At 1 April 2020				103,187	125,005	4,803	232,995
	Additions				7,006	3,192	445	10,643
	At 31 March	2021			110,193	128,197	5,248	243,638
	Depreciation	and impairment
	At 1 April 2020				62,090	55,910	1,359	119,359
	Depreciation	charged	in	the year	1,137	10,088	1,312	12,537
	Depreciation	adjustment		-change ofestimated
	useful lives				(2,010)		1,043	(960)
	At 31 March	2021			61,217	66,005	3,714	130,936
	Carrying amount
	At 31 March	2021			48,976	62,192	1,534	112,702
	At 31 March	2020			41,097	72,540		113,637

11	Fixed asset investme	nts
					Listed
					investments
	Cost or valuation
	At 1 April 2020				181,352
	Valuation changes				(2,554)
	At 31 March 2021				178,798
	Carrying amount
	At 31 March 2021				178,798
	At 31 March 2020				181,352
12	Financial instruments			2021	2020
				E
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss	1,383,471	1,543,395
13	Debtors
				2021	2020
	Amounts falling due	within one year:
	Trade debtors			8,265	13,832
	Other debtors				2,196
	Prepayments and accrued income			16,331	23,841
				24,596	39,869
14	Current asset investments
				2021	2020
	Unlisted investments			1,204,673	1,362,043


15	Creditors: amounts	falling due within one year
			2021	2020
	Trade creditors		2,902	7,409
	Other creditors		6,814	16,890
	Accruals and deferred	income	9,088	5,585
			18,804	29,884
16	Creditors: amounts	falling due after more than one year
			2021	2020
	Other creditors			903

		Balance at	Resources	Balance at	Resources	Balance at
		1 April 2019	expended	1 April 2020	expended	31 March 2021
		f:				E
Major Building	Reserve	1,080,694		1,080,694		1,080,694
Refurbishment	and Development
Reserve		361,736	(32,105)	329,631	(10,643)	318,988
		1,442,430	(32,105)	1,410,325	(10,643)	1,399,682

Analysis ofnet asse	ts between funds
	Unrestricted	Designated		Total	Unrestricted	Designated	Total
	funds		funds		funds	funds
	2021		2021	2021	2020	2020	2020
					F		F
Fund balances at 31	March are represented		by:
Tangible assets	112,702			112,702	113,637		113,637
Investments	178,798			178,798	181,352		181,352
Current assets/
(liabilities)	35,530		1,399,682	1,435,212	113,758	1,410,325	1,524,083
Long term liabilities					(903)		(903)
	327,030		1,399,682	1,726,712	407,844	1,410,325	1,818,169