| Trustees | N. Shuker* | |||||
|---|---|---|---|---|---|---|
| A. Goddard* | ||||||
| J. Hinds* | ||||||
| D. Sloshberg | ||||||
| R. Redman* | ||||||
| Y.Abay* | ||||||
| J.Berger | ||||||
| *Also Directors for Companies | Act purposes | |||||
| Charity number | 1105191 | |||||
| Company | number | 05162019 | ||||
| Registered | office | 2 Allum Lane | ||||
| Elstree | ||||||
| Hertfordshire | ||||||
| WD6 3PJ | ||||||
| Independent | examiner | Gary Howard | FCA | |||
| Howard Wilson Chartered |
Accountants | |||||
| 36 Crown Rise | ||||||
| Wafford | ||||||
| Hertfordshire | ||||||
| WD25 ONE | ||||||
| Bankers | Metro Bank | |||||
| One Southampton | Row | |||||
| London | ||||||
| WC1B 5HA |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-4 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | 7-8 | ||
| Notes to the financial | statements | 9-18 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | E | F | |||
| Income from: | |||||
| Government support grants |
31,903 | 77,734 | |||
| Operation of Community |
Centre | 202,048 | 67,714 | ||
| Investments | 25,467 | 21,276 | |||
| Total income | 259,418 | 166,724 | |||
| Ex enditure on: |
|||||
| Raising funds | 3,794 | ||||
| Operation of Community |
Centre | 309,286 | 255,626 | ||
| Total expenditure | 313,080 | 255,626 | |||
| Net gains/(losses) | on investments | 10 | (31,947) | (2,555) | |
| Net movement in |
funds | (85,609) | (91,457) | ||
| Fund balances at 1 April | 2021 | 1,726,712 | 1,818,169 | ||
| Fund balances at | 31 March 2022 | 1,641,103 | 1,726,712 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 102,349 | 112,702 | |||||
| Investments | 13 | 951,314 | 178,798 | |||||
| 1,053,663 | 291,500 | |||||||
| Current assets | ||||||||
| Debtors | 15 | 34,520 | 24,596 | |||||
| Investments | 16 | 500,589 | 1,204,673 | |||||
| Cash at bank and | in | hand | 85,848 | 224,747 | ||||
| 620,957 | 1,454,016 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 17 | (33,517) | (18,804) | |||||
| Net current | assets | 587,440 | 1,435,212 | |||||
| Total assets less | current liabilities | 1,641,103 | 1,726,712 | |||||
| Income funds | ||||||||
| Unrestricted | funds | |||||||
| Designated | funds | 19 | 1,399,682 | 1,399,682 | ||||
| General unrestricted |
funds | 241,421 | 320,678 | |||||
| Revaluation | reserve | 6,352 | ||||||
| 1,641,103 | 1,726,712 | |||||||
| 1,641,103 | 1,726,712 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| Government | support | grants | 31,903 | 77,734 | ||
| Grants receivable for core activities | ||||||
| Hertsmere | Council - | Covid | 19support grants | 19,143 | 38,043 | |
| HMRC CJRS furlough | grants | 12,760 | 39,691 | |||
| 31,903 | 77,734 | |||||
| 4 | Operation | ofCommunity | Centre | |||
| Community | Community | |||||
| Centre | Centre | |||||
| operation | operation | |||||
| 2022 | 2021 | |||||
| E | ||||||
| Letting income and related | charges | 202,048 | 67,714 | |||
| 5 | Investments |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Investment | income | 16,609 | |
| Interest receivable | 8,858 | 21,276 | |
| 25,467 | 21,276 |
| 6 | Raising funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||||
| funds | |||||||||
| 2022f | 2021 F |
||||||||
| Investment portfolio |
management | charges | 3,794 | ||||||
| 3,794 | |||||||||
| 7 | Operation ofCommunity |
Centre | |||||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Staff costs | 131,210 | 127,890 | |||||||
| Depreciation and |
impairment | 12,780 | 11,577 | ||||||
| Premises costs | 132,114 | 86,961 | |||||||
| Office costs | 7,288 | 4,341 | |||||||
| Computer costs | 1,381 | 1,990 | |||||||
| Advertising and marketing |
5,497 | 2,482 | |||||||
| General expenses | 2,551 | 2,217 | |||||||
| Legal and professional | costs | 840 | 840 | ||||||
| Accounting and bookkeeping |
costs | 12,985 | 15,203 | ||||||
| Bad and doubtful | debts | (35) | |||||||
| Governance costs |
2,640 | 2,160 | |||||||
| 309,286 | 255,626 | ||||||||
| Analysis by fund |
|||||||||
| General unrestricted |
funds | 309,286 | |||||||
| 309,286 | |||||||||
| For the year ended | 31 | March 2021 | |||||||
| General unrestricted |
funds | 244,983 | |||||||
| Designated funds |
10,643 | ||||||||
| 255,626 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Number | Number | |||
| Direct charitable | work | |||
| Administrative | ||||
| Employment | costs | 2022 | 2021 | |
| F | ||||
| Wages and salaries | 126,182 | 123,450 | ||
| Social security | costs | 2,895 | 2,421 | |
| Other pension | costs | 2,133 | 2,019 | |
| 131,210 | 127,890 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| f. | |||||
| Gain/(loss) | on | revaluation | of investments | (28,621) | (2,555) |
| Gain/(loss) | on | disposal of | investments | (3,326) | |
| (31,947) | (2,555) |
| 12 | Tangible fixed assets | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|---|
| Freehold | Fixtures, | Computer | Total | ||||
| buildings | fittings & |
equipment | |||||
| equipment | |||||||
| Cost | |||||||
| At 1 April 2021 | 110,193 | 128,197 | 5,248 | 243,638 | |||
| Additions | 2,427 | 2,427 | |||||
| At 31 March | 2022 | 110,193 | 130,624 | 5,248 | 246,065 | ||
| Depreciation | and impairment | ||||||
| At 1 April 2021 | 61,217 | 66,005 | 3,714 | 130,936 | |||
| Depreciation | charged | in the year | 1,137 | 10,331 | 1,312 | 12,780 | |
| At 31 March | 2022 | 62,354 | 76,336 | 5,026 | 143,716 | ||
| Carrying amount |
|||||||
| At 31 March | 2022 | 47,839 | 54,288 | 222 | 102,349 | ||
| At 31 March | 2021 | 48,976 | 62,192 | 1,534 | 112,702 |
| Fixed as | set investments | |
|---|---|---|
| Listed | ||
| investments | ||
| E | ||
| Cost or valuation | ||
| At 1 April | 2021 | 178,798 |
| Additions | 983,729 | |
| Valuation | changes | (28,621) |
| Disposals | (182,592) | |
| At 31 March 2022 | 951,314 | |
| Carrying | amount | |
| At 31 March 2022 | 951,314 | |
| At 31 March 2021 | 178,798 |
| 14 | Financial | instruments | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Carrying | amount of | financial assets | ||||
| Instruments measured |
at fair value through | profit or loss | 1,451,903 | 1,383,471 | ||
| 15 | Debtors | |||||
| 2022 | 2021 | |||||
| Amounts | falling due | within one year: | F | f | ||
| Trade debtors | 13,079 | 8,265 | ||||
| Other debtors | 7,408 | |||||
| Prepayments and accrued income |
14,033 | 16,331 | ||||
| 34,520 | 24,596 | |||||
| 16 | Current | asset investments | ||||
| 2022 | 2021 | |||||
| f | F | |||||
| Unlisted | investments | 500,589 | 1,204,673 |
| 17 | Creditors: amounts | falling | falling | due within one year | due within one year | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Notes | E | |||||||||
| Deferred income |
18 | 3,418 | ||||||||
| Trade creditors | 4,584 | 2,902 | ||||||||
| Other creditors | 13,101 | 6,814 | ||||||||
| Accruals and deferred | income | 12,414 | 9,088 | |||||||
| 33,517 | 18,804 | |||||||||
| 18 | Deferred income | |||||||||
| 2022 | 2021f | |||||||||
| Other deferred income |
3,418 | |||||||||
| Deferred income is | included | in the financial | statements | as follows: | ||||||
| 2022 | 2021 | |||||||||
| Deferred income is | included | within: | ||||||||
| Current liabilities |
3,418 | |||||||||
| Movements in the year: |
||||||||||
| Deferred income at | 1 | April 2021 | ||||||||
| Resources deferred | in the year | 3,418 | ||||||||
| Deferred income at |
31 | March | 2022 | 3,418 |
| refurbishments | and deve | lopment | costs. | |||||
|---|---|---|---|---|---|---|---|---|
| Movement | ||||||||
| in funds | ||||||||
| Balance at | Resources | Balance at | Incoming | Balance at | ||||
| 1 April 2020 | expended | 1April 2021 | resources | 31 March 2022 | ||||
| f. | ||||||||
| Major Building Reserve | 1,080,694 | 1,080,694 | 1,080,694 | |||||
| Refurbishment | and Development | |||||||
| Reserve | 329,631 | (10,643) | 318,988 | 318,988 | ||||
| 1,410,325 | (10,643) | 1,399,682 | 1,399,682 | |||||
| Analysis ofnet assets | between funds | |||||||
| Unrestricted Designated |
Total | Unrestricted | Designated | Total | ||||
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| E | E | P | ||||||
| Fund balances | at 31 March are | represented | by: | |||||
| Tangible assets | 102,349 | 102,349 | 112,702 | 112,702 | ||||
| Investments | 951,314 | 951,314 | 178,798 | 178,798 | ||||
| Current assets/ | ||||||||
| (liabilities) | (812,242) | 1,399,682 | 587,440 | 35,530 | 1,399,682 | 1,435,212 | ||
| 241,421 | 1,399,682 | 1,641,103 | 327,030 | 1,399,682 | 1,726,712 |