Cryany tEgistraiion nuMP￿r.. 06335746 Charity regJstsatkOD nwthr. 1131899 Hoddesdon (Community) Society of Perforn]ing Arts Ltd. (A CoM￿Y lilljitsl by guamtee) forthe Yesr 31 AU8￿￿ 2020 Jani Tayloi As%)cia￿ IAmited Chartered A￿lltant Office 6a Popin Busijw Ca South Way London HA9 OHF Hoddesdon (CoDununity) Soeiety of Performing Arts Ltd. Contents Reference and Athkninithtive Detai Tn￿1￿$, Rt￿Trrt 2w4 StaiaDeDt of Trustees, Rc5[rf￿bIllties StatemeILI ofFin&Kial A¢iiYities Ba1￿ce She 8￿9 Note5 to tb¢ Financial Ststemellts IOto21 HoddesdoD (Community) Society of PerforniiDg Art5 LtsL Reference and AdmiDistrative Details Trustees Ms Nicolc May Prknrip*l oifKe LINtr 2 BRF.WERY YARD BRF.￿FRy ROAD HODDEStX)N ENII 8HF R¢gistered Offl¢e OFFICE 6A 1ST FL(X)R FY)PtN BUSJNFSS CENTRE soirrH WAY V¥'EMIILEY MIDDX HA9 OHF Comp*ny Registr4tion NMDther 06335746 Charhy Reglstr4tAo4 NuDther 1131899 Indep¢tsdent Exajrri Jani TaylLY AsgKiates Iimited 64 Popin Bu5iw thtre Sses of eompauy law'l are reswnstbk for FrerAring the tsustffs. r¢port ￿ the fina￿Cial staiem¢nts i accotdance with the unit￿ KtD8th)m StaTwJarth (Uni￿1 Km8d(Kn Generally A¢xqrtd Accovnimg Practice) and appli(xble law. regulations. C(wy law requires the InL￿e¢S to prepate finall¢￿1 S￿eMents for each fmarKthl yeaT. IT￿ company law the tr￿stee$ TX)t approve the fllIa￿la1 slaleTllellts utde5s they are ￿1Sfied that they give a true and fair vieii. of state of affairs of the charitable eompatsy and of its resources aT￿ aFylication of Tes0U￿￿. incluthn8 its sdect suilable accounting pollcies and apply thetll coJ]sistaJUw. ob5etve the ￿ethOdS and pri￿lpleS ID the Chan"ties SORP. state whether appli¢ablc UK Accounting St•xlard5 Iwvt l)ttn follorf $ubiect kn any n)ateria] dqxr disclosed and ¢xplauJed in tbe fuwicial ststements; and pr¢pare the fin￿¢181 5tatem¢nts OD 8Oiti8 cottern h5i5 UDkss it is ]t)appw to prtsum¢ the eharithble ¢ornpany will continue it) b￿TIl￿5. The mlsiees T¢SPOTJStble for keepinB awie accounting tec(Yds are 5ufficieDt to sbow I￿] explain the charitsble tomp9n￿S trans4Ctio￿S aÈxl d15c105e Thith t¢asonable accuracy time the financia] position of charitsble eoTnpany and enable them ￿ effjJTe th¢ fina￿la1 staieinents con¥ty with the Cojnpanies Act 21X>6. They are al￿ responsible for saftguarding the assets of the clwitsble aXDpany Attd fix tsking rea50Dable steps fot the prevention and detrrtson of fraud and other irre8u]an"tits. Approved by th¢ trU￿£¢S of the charityi)0 12 M4y 2021 aryj signed on its Fthlfbr. Ms Nicole May Trllsiee Page 5 Hoddesdon (Commnnity) Society ofperfonning Art5 LtsL Independeni Examiner's Report to the trustees of Hodde5doD (Community) Society, of Performing Arts Lt I retth to the charity trustees on exami￿tion of the acC￿￿ts of the cbarity the year ended 3 1 All8￿81 2020 which are set (Krt on 7 to 21. Respe£tive responsibilities of trustee5 As the charity's mtsiees of H￿Ie$l￿)n (Community) &>ciety oCPerformiDg Arts Lid. (and al￿ its directors for the pUr[￿se5 of con]pany I￿) Y£￿ ar¢ r¢5wn5ible for thr ptrpawation of the •(zounts ill accordance the requirnents ofthe Compa1￿￿5 Act 2(K)6{'the 2￿ Act.). HaNing s4tisfKd myself thai thr acCou￿ts of Hothsdon (Con￿]ryi ￿]ery of PerfoTmang Arts LtsL are not required be oudited uThkr Pon 16 of the Aci and are eli￿￿11e for intyLItht esamiDatiotL I re[￿ iti res of my examinati(MJ of your clwity'5 accounts a5 ca￿le￿ uThkt Section 145 of thr aJatitie5 Act 2011 {'the 2011 A¢t'}. In carrying out my aamination I hve follo￿￿ the DirecEX0￿s Bjven by th¢ Ch8n"ty ComTlliSSiOll under section 145(5)Ib) of the 2011 A¢L IDdependent ex*Dthier's st*ten*Dt I have complet¢d ]ny exarnination. I ¢￿fim1 n)ffj¢rs have o)m¢ to my aneniion iti Com￿10n tbe examiDatson givillg me ￿USe to beli￿". . aecountin8 T￿Or&S were kept in resp￿1 of HO&le5d￿ (CoDlln•) &)ciety of PerforniiD8 Arts Ltd as required by seciion 386 of the 2(KI6 Act.. 2. the accounts do Dot acc(xd those teconls: or l. the accounts do uot conwly with the of section 396 of the 2(MI6 A¢¢ (KhEr than any rcquircmcnt that accow￿ give aThJ faiT VIC￿ ￿1￿1￿1 15 Dot a rnatt￿ co￿ader￿j as part of an ReC0t]Jmend￿ Pwtice for a¢couMing and rep)rting by ¢han"ues applicable w charities prepating their accouttts LD accordance the Financid RqM)rtin8 Stathd atT&licable in the and Rcpubbe of Ir¢5and {FRS 102). should in this teport in orderto enable a [￿0￿runts[￿ of the xcounts to be reached. Rajtiikant Jani Chart￿ed Accountant The InslinL¢e of Chanered Accountthits in & Wal&8 Office 6a Popin Busin￿8 Centre Soutb W&y HA9 OHF 12May2021 Pag¢ 6 Hoddesdon (Conununity) Society of Performing Arts LtsL ststement of Finaneial Aetivilies for the Year Ended 31 August 2020 (Including Income and EIpenditsre Account and Ststement of Total Recognised Gains and sses) Totsl 2019 unrestri￿ 20211 ¢e Income and EndoiFJTrpTrts Donations and le8acies Charitable actI￿tieS 171,873 35.187 171,873 -15.187 210,018 207.(KA 207.060 210.0.18 Exp¢ndlfyr¢ on: Raising fimd5 (175.138) {175.138) 1217.718) To¢al expthd1ll￿e (175,138) 175.138 (217.738) Net incomel(expenditure) 31.922 {7,7 Nd in fu]M]5 31.922 31.922 (7.700) R¢¢oJbdilatloD of funds Totsl fittKis brought forward (11,259) (11259) 13.559) 17 20.663 11.259 A]1 olthe ch￿"ty￿ wtivÈties (kniv¢ ftom tontinw owatiotss the atN)ve The breakdown for 2019 1$ sl¥)wn in ￿te 17. Page 7 Hoddesdon (Community) Soeiety of Performing Arts LtsL (Registration nvmber: 06335746) Balgnce Sbeet as at 31 Augusi 2020 202 2019 Flxed gssets Tangible assets 2,¢r25 2,605 Curnt 855ets Debttys C&sh at baDk and tn bar 12 13 18.515 40.675 6.796 2,098 59,1gX) 8,894 Creditors: Arnounts falling dDe IFithin one ye*r Net current •5%fWOiabilitie5) 14 (15.5521 (22.758 43.6.18 113.864) Totsl 855ets less current Ilxbllltles 45.663 (11.259) Creditors: Amounts fxlllng *fter n￿re th•• one 15 (25.(#K> Net a55etslOiabilities) 11.259 FuDds ofthe charlty: UllTestricted income fund* Ujjrestricied fi￿aS 20,663 111,259) Total funds 17 20.663 111 •59} For the fiTmKial yw cnding 31 Augwrf 2020 the cknity V*lS enlitled to exwon fn)m 5¢CtiOD 477 of Companies Act 21M)6 relalxn8 ￿ small eonwies. Directors. resrM)nsibi]ities.' The membets bave not ¢lwity ￿ obthin aD a￿]it of its ￿cOUnts for the year ity que￿I￿n ill ac¢ordan¢e st￿]0￿ 476; aTwJ The directors acknowledge their rewnsLThilities lor tonJptyin8 with the Tr4u1E￿ts of the Act with Tespect to aceouttting recoids and the pwthtion of accouDts. These accounts have be¢D wep￿% in x¢ord8￿C with applicable to COn4MDies Subj￿ to the small The notrs on page5 10 to 21 fonn an inte￿al of these financial State￿￿ Pa8e 8 Hoddesdon (Communit)) Soeiety of Performing Arts Ltd. (Registralion number: 06335746) Balance Sheet xs at 31 August 2020 The fLDancial stsiements ￿ ￿8¢5 7 ty) 21 w￿¢ aNroved by trLLSt*s. 8￿j authorisd issu¢ on 12 May 2021 and 5iglled on their lthalfby: Ms Nieol¢ May TnL8tee The notcs on rAgcs 10 to 21 forni an inie8ral partof Ihese fin8ncthi Page 9 Hoddesdon (Community) Soeiety of Performing Arts Ltd. Notes to the Fingneial Ststements for the Year EDded 31 August 2020 I Charlty stsths The chatity is limited by gu8raDltt. ittorp¢xalaJ ID F4land 8nd W8leK w)d con5eyntty d￿S not have share capital. Each of thp tnLStees is liabk to conthbute an txceedin8 £10 iowatds the a55ets of th¢ ¢haJity the eveni tsf liquula¢ioR. The address of its Tegi5t¢ted offi¢¢ 1$: orFIcE 6A 1ST FL(X)R IY)PEN BUSINESS CE￿[RE soLrrH WAY IIT.MBI.F.Y MIDDX HA9 OHF The ryincirAI platt of TrAL$it￿ ts.. LfNIT 2 BRE.WERY YARD BREWERY ROAD HODDESDON HER]FORDSHJR ENI18HF These finallciai ststements wue autlKXiSed issue bythe tr￿ on 12 May 2021. 2 Atcounting pDlicies Summary of significant accouDti•g plicies and kry •cc(*￿ting estlDMt¢s The pritKipal accounting Folicies applied in the prerAration ofthese fiNanE]a] slal¢llK￿15 are Set out below. These polici¢s have b¢eR conwÈ¢ndy appjitdto all th¢ yt4ts unless o[Trw￿ Sta￿1. Stxtement of to1￿11#￿¢e The financial statements have F*en prepared ITh accord8rtt A¢¢ouri￿ aDd ReFrf)rting by Charities.. Statement of R￿Qll￿ded Ptactice app]icable to chariiies prep8rm8 thfflr a¢¢ordallce with the Financ Reporting Standard a￿11¢4b]e ti) the ITK and Repubb"c of beland (FRS 102) (effective l January, 20151- IChat]"lies SORP (FBS 102)), the Financial RwrtiDg Sthtmknd aR)licable in UK Republic oftreland (FRS 1021. They a150 comply the Colnpani￿ Ad 2(X)6 and Llwitic5 Act 2011. Ba5]5 of preparation Hoddesdi)n ICommuDity) &>ciety of Pdorniin8 Ans tAd meets the d¢finilioM of a wthlic baKfit entity urder FRS 102. A&8ets and liabilities are initwlly T￿8Th￿d & hiaoTi¢al Ot titin￿lon ￿luc uDk&4 ot1￿￿Se slated in the relevant accouDtin8 JN)liey I)￿e Golng concern The tntsiees consider th•1 there are Tr) maietityl ￿￿*￿Ill￿1r5 ab)ut tlE charttys abilty io continlle És 8 going Concern norany shgnificant atea5 of unceTthty that affect the caTh)in8 Rlue of ￿Sets held by the dwi"ry. Pwlo Hoddesdon (Community) Society ofperforming Arts Ltsl Notes to the Financial Ststements for the Year Ended 31 August 2020 Exemptlon ptqwring a (ash Ilow ststemty¢ The charity qTrted io early adopt Bulkiiti I wb1151￿ 2 FeTrffll￿y 2016 a￿1 have Wore irtclwkd a c&%h flow stsiemeni in these r]nd￿la1 staiemetbts. Income *lld endov•"mEnts All income is re￿￿5¢d once the chaTÉty bas entItlenK￿ ￿ the income. it is w)t*bk that the income will be received and the aoK>Ulli of thE illc(￿¢ receivdble can k meAsu￿d ￿ll￿bly. All expendiiiire is ￿cOg￿lSed once there ts a legal or ¢￿￿nJ￿1VC dTrligation io that expenth"ture. it is probable selllemeni 1$ requirtrj and the attKxmt can reli8bly. All costs are all(uied io the applicable expenth.ture beading tbat a88regate similar eosts to thdi (￿¢g[￿. IiILere costs be d1￿¢1]V attnbuted to partieu]ar 7Kading5 they bave beeD allocated on a basts tOnSiSt¢th the use of reSou￿es, with cents31 staff costs alIL￿led on tbc basis of lime S[￿¢. alld dqjreciati(￿ charges allocatrd on of the &￿t'S use. surqjort costs are all(Katedb&s&l on the sp￿d of 5tsff costs. R#lslKgf4hd$ trhding Rrtivit1¢5 that raise firwJ5. SuppDrt costs Support ¢OSts includE central fiThtiOD5 and have F*eD allrthted to t￿1Vity cost categories on a tAsts cot)S¥S*nt the use of resources. for exatnple, a]k)C￿ll￿ property c[￿5 by fl(K)r ar￿, orw capity stsff c4)sts by the spent atml other by thurusage. Central and l0c4l8overn￿ 8r*)t4 incl￿ the CIYODA vin￿ Job Protreti￿ Scheme {CJRSI accounted for on accrua]s b￿15. Taxatlo The charsty is ¢onsthred to Pa&5 the tests set out in Pata8taph I Scl¢thle 6 ofthe Finance Act 2010 and thejrfore it eets the definition of a chan"table Compa￿ for UK COI￿rdI10￿ tsx purrxw. Accordingjy. chan'ty 15 Potentially exempt from t&¥*ioD in respect of income or ¢4)M•l gain5 rtreivtd within c4tegories covued by Cbaptei 3 Part i i of the Corrx>ration T8x Act 2010 OT SEdion 256 of the TaxalioD ofchar8eabk Gatns Art 1992. to the extent th such income or gaiDS ate applied exclu8ively io clkritable pwxffts. Hoddesdon (Community) Society of Perforniing Arts Ltd. Notss to the Financial Ststements for the Year Ended 31 AuEUSt 2020 Txnglble fixed a55ets Indi3'ith￿l r]xed assets eostiDg £O.IKI or nKTrre are iDitially reciyded 8t ￿St. kss tny gJl>sequent ac£wnulaied dcpreciation and sthgequent accumulated llntAlrD￿Dt losse5. DepreriatioD 4Dd 4nwrti5¥ti0 Dq)rerialion i5 PTovidd on ¢aTEgible fixed OSSd5 ￿ as off the ¢(* or ￿lUatiOn. k&5 any Gstimattd residllal vajue. over their expected USefi￿ eeottomic life &$ follows.. A55et cla55 L￿$¢hOld Ptts Plant and maehinery Fixwres, f￿]ll85 & w]ipmenl Depre£iatioD method aDd r8ts Ovet (he life of the le 25%on rethLcinB balat)ce 25•/•Oll balance Tr8de debtors I'rade d¢btor5 frojn cu5tOmU5 f(Y m¢rchths¢ 9)Id (r %r¥ices rKrformed in the ordinary course of Trade d¢bttK$ 8ff r¢¢ogms¢d initsally ai the tronSa¢tion pri¢¢. ltry aff ￿easUr￿ at amorti*d cost using the effective ititetest ]neth(Ml less pro￿$[0￿ for ]Mpai￿L A poiision f(K the of traik debtor5 15 established there i5 objective ￿'Idence that the eharity will Dot be able to collect all anM)unts due according to the origitiAI iertns of the trceivabk C*sh 8nd c*sh eqth*]eDts C8£h cash equivalents ¢omwis¢ cash ¢)n hand and call &posit% aMI other highly ]iquJd iDve5ttlle4ts that art readily convertibk to a kiM)WryL aDM)UDt of t￿￿ and are subjed ins]gtiifieani iisk of ¢lwLge ID value. Tr*de creditOT5 Trdde ctedilots are obli8ations lo ￿Y or serviccs havc atquiffd its the ordinary cout5e of bus1D￿$ from suppliers. Accounts pa￿ble are ¢I￿lfied &$ current 112b￿lties if the ¢hatity doe5 llot bave an unconditional right. ai the ajd of tbe rqK)rting perioQ lo defer settlement ofthe erediior for at leBsi twelve TtK>uths after the report2ng date. If tI￿e is an ur￿0rdItIonaI ri8hl w defer sellletllall for 81 lea￿ twelve rnonths after the eporting date. thcy are pres￿ted as Doll￿￿￿t liabilitie5. Tttde tredI￿r$ are TeeogDised ]llitiJlty * thr ts¥uwti¢m pri(Y and 5uiwenily I￿$u[￿A ai anM)rtised c05t Using effective interest metlmmi Pw12 Hoddesdon (Community) Society ofperforming Arts Ltd. Notes to the Financial Staten)ents for the Year Euded 31 Apgust 2020 BorroThing5 Int¢r¢st-b¢aring trf)mFknings are iTJitially recorded ai fair l'ah￿, of tran￿ti[￿ Costs. In￿re￿-beaTing Eorrowryngs are subsequently carri￿ at ankirt1￿ co4 with the d￿erence ￿Th¥een IIK p￿￿ests, Iiei of (Tr￿¢110n costs. and tbe Tlloullt due on redemptioll ￿illg recognised as a Charge to ￿ Ststemetti of Financial ACtI￿tieS over the period of IDtertst expense is te¢ogDised ￿ the knis of the effective intesest mthd a￿1 is illcluded ID iti*￿51 payable and Simi￿ charges. Borrowin8s are tla55ified a5 current I￿]lItieS the clwity bas an rig￿ to Lkfet 5ettlemeDt of the liability for at least twelve ￿K)ntIL$ after ¢he rep)rfiDg dRt¢. Fund Unr¢sttiCt￿ incme fimd8 ar¢ general fim& that 8re available foT use at the tr￿￿te£￿S th"scfftioD in furth￿￿ of the obj¢¢iLVt5 of th¢ clwity. Cthssljlcrtfiiih Financial assets atMI fiuallcial liabilities are rttognised wkn the charity bttomcs 4 prty to the contsactual proTrisions of the instnllll¢llL Financial liabilities and equity IT￿n￿ts are d￿AGed Subs￿ of th¢ contEacts￿ an￿gem￿ts entered itho. An equity inslnknneot is any that eVIde￿ts a Te5idua] tDterest in tk assets of the charity aft deductin8 a]1 of its liabilities. ReeoKnilioM All fiTtaTreial asS￿S and liabilLties inTtially Ineas￿r￿ at priyc (including 1ransactiim ¢05ts). cxcept for those financia] a55¢ts cI￿lfIed &s ai f￿"r Wal￿ through profit or lo￿ wbi¢h ate initially measwal a¢ fait Yalue (which is normajty the traosactiott pnce traDsaaion tostsl. LwI¢s5 artaDgement Comi]￿leS a financing trat)s8¢rion. If aTh constitutes 8 fina￿l￿g ￿￿￿¢t10￿ the fiJJaneJai a55¢t or fllwicial liabi]ity 1$ rneasuted at th¢ presall valtr of the firtute tAymeDts th.￿u￿1￿ ￿ a maTket tate of for 8 similar debt ins1n￿l. Finattcial assets and liabiEitie5 are ￿)lY offset in th¢ Slat¢￿￿￿ of financial p￿ition wlw alld Mly wben there cxists a legally enforeeable right tts sel off the recogn1r￿ anM)unts atyj the ch&rity intends •ther th settle on a net b&8is. or to realise th¢ awt aud Settle the ]iabi]ity sJmyltsneou5ty. asset expire or ore 5ettl¢d, b) the charity transfers t(F pw 5ubMantialty all of the risks and rewds of owryKrship of the financthl asse¢ ar c) the C￿lty. (kspÈie having retsuKd SLY￿. t￿1 alL significant risks and re￿rdS of ownetsbip. bas traL$fe￿¢d control of a&sct to I￿￿er tAty. Filla￿la1 liabtjities or¢ dL7wogllised (￿ty when the (*Jligatsim wified in the conty¥t is discharged. cantelkd or expirts. Pagt 13 Hoddesdon (Community) Soeietv of Performing Arts Ltd. Noles to the Financial SL￿eMellts for the Year Ended 31 August 2020 Lkbi instrwH¢nts ￿thich meet the folk)Thin8 c￿ditiO￿8 are subs4uendy mea5wrd ￿ amOrtis￿ cosi using the effective iTJtei¢st rn¢tlKyJ.. (&) The contracts￿1 Fetwll to the hol&r is (i) a fixed a[n￿]￿l. (ii) a tKJsiti%E fixed ratr o¥ a W5itive variable rfft. or (Ill) a cojjkbitiaiithx of a w>5itive ora negativc fixed Trt¢ a￿j a p05ilive Yatiablt tale. (b) The eontr2ci may provi5we kn foreign exthallge nsk alld interest rate Derivative$ are initially r¢cogDis&I at hir vah* ￿ the d￿t a derivative Is entered into aDd are 5ubs4uently Temeasured to their fair value at each re￿llIng dale. Th¢ resulting 8*Ju or Ioss 15 recognEsed in 51ateJnetxt of fina￿la1 actiiitte$ imTtJediaiely ullitss the de￿i￿tiVe is desiwled arml effwtive Is a I￿8 ￿￿trUIn¢n￿ in which event the tllning ofthe reL¥)gnit•)n ID 5tatemaJi of financth] activities on tF¢ nftntre ofthe relationship. F￿r The besi evid¢ntt of fair th is a quo*d priLt for ats Jthnts.￿ in aD acuve Turtet qU￿ert prices ar¢ unavailable, th¢ price of a rEceDt tr￿Sa￿l0￿ for an ideniicaj &sset wobiths ￿￿dence of fajr iylue &8 1¢)ng &8 there has noi iwk a siwficaDI chattge in ¢¢￿0M1¢ ¢ircuD]stances w a 5igDifican¢ lapse of time 5]I￿e the tsan5action i(N)k place. If the market 1$ not active and mt tranga¢iions of an i(knttsc41 asset on not a 8(KKJ e5ttm&te of fair value. the fair I'ame is ¢5tillhated by using a 1'ah￿tioN *clmique. 3 Inc•me from donxtlDM legAcies Tfytsl 20211 Total 21119 Regul￿ giving and ¢apitsl d(MJatior 171.t173 171.873 210,038 171.873 171,871 210,038 4 I￿ve$(D￿t Total Total for 2020 Page 15 Hoddesdon {Community) Society of Performing Arts Ltd. Notes to the FinaneAal Ststements for the Year Ended 31 August 2020 5 EipeDdithre on Y￿Allg funds a) Raising funds Total 20111 Totxl 21119 Note Sta8in8 fundraisti)8 events AllO￿ted wptM)rt costs 51.155 120.333 51,155 120.-133 84.713 1.33,005 171,488 171.488 217.738 b) Investment m*nagememt Costs Unre5ttIctt41 Dd5 General Total Al]o(xied Sup[￿ costs 3.650 3.050 Totxl for 2020 -1.650 6 Coverjllntnt grants Central and local governmetht gants, including the Corona Viru5 Job Protectil￿ Scheme {CJRS) are accounted on rffeipt ba515 in accorda[￿e with Charities SORP IFRS 1021 effe¢tive l Jalluary 2019. The 8mOUtst ofwts ￿tog￿lSea in th¢ fmancial sthternents Wds £35.187 (2019. £.). 7 Net iDcominy/outgoiDg resource5 Nd Incomi￿(0￿jtgolng} resour￿ for the year in¢hth.. 2020 Depreciation of fixed assets 675 PaBe 16 Hoddesdoll (Community) Society of Perfonning Art5 LtsL Notes to the Finincial Statements for the Year Ended 31 August 2020 8 Th1ste¢s a￿1 expenses Ihw¢ng the yeat the rbarity. made the following wrtb lE￿￿ee5." Ms Nicole May Ms Nicole May r￿e1Ved rellwllerati￿ of £27.412 {2019.. £27.405) rkning year. Mr Akxander Da￿d P￿rYt$ £Nil12019. £5251 OfexpeL￿ BEte reimb￿ kn Mr Akxalkkt lkn￿d Purves thriD8 the yw. 9 Staff The a88re8ate pawll costs wrre &$ follow5." year expressed as fiLiI lime equivalellts vrn5 85 follows.. 211211 2019 2 (2019. 2) of the aknve employees p￿¢1￿1¢d iti tkr1t￿ C(thlWtl￿ Pensi￿ Schetnes. coDtrLbUtio￿ to the employee Pen￿0￿ fcv th¢ y¢4r ￿thI1￿￿1775 Q019. £1290). No anploytt r￿1Ved atKyh]nKnts of than £(￿l,￿M) thmts8 the y￿. Pw17 Hodde5don (Community) Society of Performing Art5 LtsL Notrs to the Fin8nci41 Ststements for the Year Ended 31 August 2020 10 Taiation Th¢ thatity is a ¢lwity aTKI 15 tFKtefo￿ ￿ernpt from taxati(KL 11 T*nglbie fixed 85*ts FwDiture *nd M*cbiner) Tot*1 At I Septernb2r 2019 Additions 12.410 95 5378 17,788 95 At 31 August 2020 12,505 5 J78 17,883 Deprecl*tlo Al I Septetnkn 2019 Charge for the ye4r 5 J77 15,183 675 675 At 31 August 2020 10.481 5 J77 15,858 Net book At 31 AuBIL8t 2020 2,025 At 31 Aug￿ 2019 2,605 ]ncluded wrythin the net Fthkvalue of la￿A ard IMil¢bn85 is £Nil (2019. £Nfl) in resftxct of free1￿Id buildÉngs and £Nil {2019- £Nil) in respect of le&￿th. 12 Debtors 21120 2019 Trade debtors Pr¢paym¢nts 16,-115 2,21M) 3.496 3 J(M) 18.515 6,796 Page 18 Hoddesdon (Commuttity) Society of Perforning Arts Ltd. Note5 to the Financi81 StatemeDts for the Year Ended 31 August 2020 13 Cash •nd c*51t equti'aients 2020 21119 C&8h on band Cash * bank Short-terni deposits 107 15.568 25.(XM) 1.987 40,675 2.098 14 Credttor$: falliug dye yur 2019 TTth ￿¢￿110[5 Othu t&uti(n and social security Othet ¢itdilor5 Accrua15 12.764 19.983 {169) 371 2.573 388 15.552 22.758 15 CTrdltors: d4p after omt year 2021J Bank loans 25,0(Kl 16 Pension and other schemes Defined cotttrlb4llon pension 5rhtme The charity operate5 a ¢krll￿d contnbuuot) pension 5chetr. The cost charge f4x the year represents contnbutÉOJJS Payable by the chaTity lo the 5cbeme I￿] aDX>Ullted to £121M) (2019_ £1290). P4g¢ 19 Hoddesdon {CommuDity) Society of Performing Arts Ltd. Notes to tbe FiDancial Statements for the Year Ended 31 Apgust 2020 17 Bal￿re at i Stptember 21119 IDcoming ResOU￿e5 e4Rnded Allgu5t 21120 Unrestrlcted fuDds 111.2591 175.138 20,663 Bxl*Dte at I Resourtes e￿ended at 31 August 2019 2018 Unre5tr1rted fund5 13.5591 210.038 (217.738) {11.259 Pa8e 20 HoddesdoD (Community) Society of Perfonning Arts Ltd. Note5 to the Financial StstemeDts for the Year Ended 31 August 2020 18 An•lysl$ ofnet •ssets betwee* hnd5 U•restrltted Totsl funils *t nds 31 August GeDer*l 2020 TpJwible r]xed assets CUt￿nt assets Current liabtlities CTedilors over l ye8r 2.025 59.190 (15.552) ,(￿) 2,025 s9,1￿) (15.552) (25.(KM)) Totsl net assets 20.663 20.663 Umre5tritted nds Totsl fwids &t 31 August 21119 Tangible fLxed assets Cut[￿l a5s¢ts Current liabilities 2.(Q5 8.894 22.758 2,605 8,894 22,758 Total net &￿ts 11.259 19 ofwet fund5 Ati September TrTrnan) 13,577 Atl Septemb¢r 15.675 At 31 August 2019 2018 Cash at bank and ID hand 2,098 2.098 Net debt 2,098 2,098 Page 21