## ## |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| ##