# ## ## ## |||||||| |---|---|---|---|---|---|---| |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||| |IQggrmdLgm;|||||| |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| ##