Company registratiort numb¢r. 06335746
Charity registrtion number.. 1131899
Hoddesdon (Community) Society of Perforniing Arts
Ltd.
(A company limited by guarantee)
ADnua] Rew and Financial Ststcments
for the Yw F￿ded 31 August 2021
Jani Taylor A550ciat¢s Lirnited
Chartered Accountatlt
oirice 6a Popin Business Centre
South Way
London
HA9 OHF

Hoddesdon (Community) So¢iety of Performing Arts Ltd.
Contents
Reference and Admini51rdtive Detsits
Twst¢es' ReFX)rt
2to5
ndepend¢nt Examinrfs Rei
Ststcment of FinaThcl￿ Activiti&
Balance She
Notes to the Financial Statemcnts
9t020

Hoddesdon (Community) s￿llety of Perfonning Arts Ltd.
Reference and Admitiistrntive Details
Tru5ttes
Ms Ni¢ole May
Mr Alexa]der David Purv&%
Charity Registration f4umbtr
Il31899
Comwrty RegistrntlOD NutNbtr
06335746
The charity is in￿r￿[al¢d in Eng￿nd and Wales.
Olflce 6a 1st Fl(x)r
Popin Business Centsr
South Way
Wetnbley
Middl¢sex
IL49 OHF
Registered Office
Princip￿ oifice
UNIT2
BREIVERY YARD
BREWER). ROAD
HODDESDON
HERIFORDSHIRE
ENII 8HF
Independent Ex*mintr
Jani Taylor As%)cÈate5 Limited
Chartered Accountant
oiric¢ 6a Popin Business Centre
South Way
IA)ndon
HA9 OHF
Page I

Hoddesdon (Community) Society ofperforming Arts Ltd.
Trust￿, Report
The trustees, wljo are directors for the purTx>ses of company law. presertt the ar￿Ual rew>rt together with the
f￿anCial statem¢nts of th¢ charttsble company for the year ended 31 Augusi ?021.
Objeetives #nd activities
Objects
The ¢harity'5 objects are ty promok fine arts within the Hoddesdon comrnwiity.Th¢re has betn M chan8e in
the5¢ during the year.
The trustees have Faid due r¢g2rd to guidance issued by the Charity Commission in deciding what activities th¢
charity should widertake.
Objedives, s¢r*ies olldocliviliL
Throughout the yvdr the charity h&5 continued to offer a Va￿ educational trainin8 programme of perforn]ing arts
classes and leisure a¢itVilies for people aged 18 months to pensioner. Th¢ focus areas are all aspects of acting.
stngin& dancirtg and musir tiution. Th¢ past yvdr h&s also seen an expansion iNto other includin8 h¢aith and
fitness. mental wellbeing. edu¢atioThal vistts and specialist w*)rkshops.
The ¢hariiy'S provision of 5ch(K)I holiday workshops h&s diversified to include S￿rtS camp5. arts and Crafts
events and specialist course including: stage combaL film makin& photographic tuition and themed days for
smatler children.
Fundr&l$lng thelosures
An ¢ver-inereasin8 area of thc charity's is our provision of our studio and rKM)m hire to I(￿al wups and
organisation5. Through signifjcant maintenance investment into our studios the rharity provides a meettng place
for large rtumber of divetsc local groups and organisations to meet and us¢ the facilities. These groups include..
The U3A, health and fitness clubs, fine art groLEPS, needlewo￿ amaieur drafftatjcs clubs. a childcare provider.
professional theatre companies. other charitie& d¥sability group& choir5. and many more. Throughoui the ye
the charity fL￿￿sed on keeping hire costs to a minimum io ¢n5ur¢ space to hire w&s availabl¢ ¢0 all. The charity
provide5 an extensive rdnge of extema] trips to theatrts ar￿ other places of interes¢ allowing th¢ local
community to access events at affordable pric¢5.
Page 2

Hoddc4don {Community) Society of Performing Arts Ltd.
Trustees, Report
Publ1¢ benefil
This year Wds Particularly ￿ for everyone during the Covid peri¢xl but during the 15months we were c105ed
we reached out to our M¢m￿r$ and continued offering onlinc timetable of classes &$ well a5 wellbeing
check-ins with ow stud¢nts. We operdted whcrt we could outdoor smaEI group class¢s. With the help of die
Leisure Grdnt we erected a matqu¢c in the garden to make the ould(￿r space an area that groups could use
whilst restrictions We￿ in fofce for ind(x)r activities. Inclusion aduli group were able to use ihe spac¢ a5 well as
persona] iNners and our holiday activity clubs also benefItt￿ the cknges had mad to the are4- which
still ¢tLabl¢d u5 to reach out and offer our s¢ryi¢¢s to the locaj community .
We expanded our ¢¢a¢hing 5UPP)rt to two local adult incl￿10￿ group5 giving luition outside, online and
in-house (when w¢ were ￿mIl￿ed). We a]so supported other charity groups by giving vouehers and free tuition
as prizes for their fund-raisinu events e.g. TrdThSitions UK. IAarie Curie. Ariana s Fund (l(Kal girl battling with
Cancer) and Jude's Fund Ilocal Ix)y battling a rdre gendic dis¢ase}.
COMMI￿lty fi￿dIng (mtsrties raised from bake sales, raffles ¢t¢) was put towanls payin8 for CCTV around the
buildin& iron gates to our building entrance and a new sound system that could be used outside for our
comJnutLity events.
We help¢d th¢ loca] iKkrough and t(x)k part in a 'treasure huni. aaing as a mcding ￿]nt for th¢ wnmunity to
start from. which Was a free event throughout th¢ summer.
We arranged for litter picking with local Junior sch(x)15 and Mayhem students and volunteers assisted in the
annual Christm&s parade and offeted entertainment with a student choir. ¢h4)erones and volunteers on stalls and
the setting up of the stsge etc.
Build-a-buddy crdft bags were ¢reat¢d &$ a home craft when our a¢tivity *vrkshop Wds cancelled due to
COVID, so that the ¢hilitr¢n didn't rniSS Out and provided a tutorial Vid￿ to send IKJme for th¢ ¢hildren to
make thetr Cfdft bears.
When Covid restriciions were lill¢d and w¢r¢ allow to once again eontinLK Classes, had to ensur¢ our
building Wds COVID se¢ure and safe for our students and adult 8roups.
All-in-a]I, Mayhem is a communtty veRue offerin8 not only cla&s¢s for students. but a safe and well-used haven
for local disability groups, pension gri)up5 and many n￿re.
The trusttts confirm that they have complied with the wuirtmeDts of section 17 of the Charitie5 Act 2011 to
have du¢ regard to the public benefit guid8tLce published by the Charity Commission for F￿gIaThd and Wa]es.
Social Inv￿*￿￿￿(PolIcl
The charity will continue to pronKJt¢ its ethos of . bringing the arts to ail, and 0￿rat¢S a policy of inc]￿￿10n to
Strueturej govern*nee #Dd management
The trustees. Alex Purves and Nicolas May wljo are also the direLtors for the purp)se of company law, and who
served during the year were"
MsNMay
Mr A Purv¢s
Mrs L J Rayner
Pa8e 3

Hoddesdon (Community) Society of Performing Arts Ltd.
Trustees, Report
Financial iDStrnmeThts
Objeulva #ndpolldes
The charity's a¢tiviii¢s ¢xy it to a number of financial risk5 including credit risk. cash flow risk aThd liquidity
risk. Th¢ us¢ of finan¢ial derivatives is governed by the charity's wlicies approved by tlie board of trustees.
which provide WTitten principles on th¢ use of fin*]¢ial derivatives to managc these risks. The rharity doe5 not
use derivative financial insknunents for specul*ive pwposes.
Coshflow r&fk
Th¢ charity's artivities exp)se it primaril} to the fjnancial risks of changes in foreign curreney exchange rates
and interest rates. The charity uses foreign exchange forward contrdcts and interest r*e swap Contracts io hedge
thes¢ exposures.
Interest bearing assets and liabiliti¢s ar¢ h¢ld * f￿¢d rate to ¢L5ur¢ of flows.
Credil risk
The ¢harity's principal f￿anCIal &s5ets are bank balance5 and c&sh. trade and other reeeivables. and inv¢stments.
The charity's credit risk i5 primarily attributable to its trade receivable5. The amouThts presented in the balan¢e
sheet are net of allowances for doubthLI receivables. An alloivdnce for impaimient is made where there is an
identified loss event whi¢14 based ott previous experienK 1$ evidence of a reduction in thc recoverability of the
Cash flows.
The credit risk on liquid fimds and derivative finattciaj instruments i5 limited because th¢ wllnierparties are
banks with high credit-rdtings ￿SIgna by international crtdit-rating agencies.
The charity ha5 rK) significant conccntrdtion of crdit ri5L extA)sure swead over a large number of
counterparties and customers.
Liquidity. rA*k
In order to maintain liquidity to et)sttr¢ that ststTicient fithds are available for on8oin8 operations and futhre
developments, th¢ ¢hariiy uses a Mixtu￿ of long-lemi and short-term debt finance.
Funher delails regarding liquidity risk can be ftlund in the Statement of accounting policies in the financiai
ststements.
Stsiemeni of Trnstees, Responsibilities
The tru5t¢¢5 (who ar¢ a150 th¢ dirert0￿ of Hoddcsdon (Cornmunity) Society of Perf(Fmiirtg Arts Ltd. for the
p￿r￿Se$ of ¢ompany law) ar¢ r¢sp)nsiblc for preparing the tr￿SteeS, repon and the financial s¢atements in
arcordanc¢ with th¢ United kingdom AccouniiTh8 StsndanLs (United Kingdom Generally Accepted Accounting
Practice) and applicable law and regulations.
Company law ￿quireS the Instees to prepare financial statements for each fLnaThciai year. Und¢r company law
the trustees must no¢ approv¢ th¢ fsnancial 5tst¢Ments utLIc55 they are satisfled that they give a tme and fwr view
of the state of affairs of the charitsble company and of its incomÉng re50urcts and application of ffsources,
including its income and ex]Knditure. for that peri(Kl. In preparing these fiTh8neiai stalements. the tn]stees are
required to..
select suitable aecountin8 TxTrlicies and apply them consistently.
observ¢ the Med￿d$ and prin¢iples in the Chartties SORP.
mak¢ judgements aEJd estimates are rea50rwble and prudenL
state whether applicable UK Accounting Standards have been follow￿ subject to any Materi￿ departiir¢s
disc105ed and explained in the financial siatemenw and
prepare the financial slatements ort the going concern basis unless it is tnappropriate to pttsume that the
¢haritable company wll continue in busin￿.
Pag¢ 4

Hodd&8don (Community) Society of Performing Arts Ltd.
Trustees, Report
The trysiees reS￿nSible for keeping adequate accounting records th• are sufficient to show and explarn the
charitable ¢ornpany's transaciions and disclose with re&%oTrabl¢ ac¢urncy at any time the financial p(>sition of the
charitsble company and enable thefft to etLSure that the financial thI¢￿eThts wmply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking
reasonable steps for the prevention and de￿Ilon of fraud and other irregularities.
The annual rep)rt w&% approved by the tr￿￿¢S of the chzrity on 13 May 2022 and signed on its behalf by..
Ms Nicole May
Ttwsiee
Page 5

Hoddesdon (Community) Fjoeiety of Perfonning Arts Ltd.
Independent Examiner's Rew•rt to the trustees of Hodd&sdon (Community) Society of
Perforniing Arts Ltd. ("Ihe Company")
I rewrt to th¢ ¢harity trUSte¢s on my examIn￿10n of the a¢couMs of the Company f(Y th¢ year ¢nd¢d 31 August
2021.
R&$p￿￿97bllltle$ #nd basis of report
As the ¢harity's trnsi¢¢s of the Company (and also tts directors for the pur[￿>SeS of ¢ompany lawl you aT¢
responsible for the preparation of the a¢¢owits in acwrdanc¢ wsth the requirem¢nts of th¢ Companies A￿ 2006
'the 2006 A¢¢'i.
Having satisfied myself that the XCOURts of H￿jd¢sdOll {CornrnuThity) Society of Perforniin8 Atts Ltd. ore not
required to be audited under Part 16 of the 2006 Act and art eligible for independent £X8mination, I rewjrt in
respect of my examination of your charity's accounts &s c4rried out under section 145 of the Charities Act 2011
{'the 2011 Act'}. In crying out my examination I have followed the Direaions given by the Charity
CommÈssion wider se￿10￿ 14515Xbl of th¢ 2011 ACL
Independent ex4mintr'$ $tsiemMI
I have ¢omplet¢d my exarnhnation. I confimi that no M￿trrs have Come to my attention in connection with th¢
examination giving me cause to believe".
accounting record5 kept in respect of Hoddesdon (Con￿UnIty) Society of Performing Art5 Ltd.
as required by section 386 of the 2006 Act- or
2. the accounts IkTr not a¢¢ord with t]M)se records. or
3. the ac¢ounts do not £cKnply with the accountins rryuirements of section of the 2006 Act other than
any requ￿rement that the accounts give a 'ln]e and fair view which is JK)i a matter Considered as part of an
independent examination. or
4. the accounts have not been prepar¢d in ac¢ordan¢e with the m¢th(MJ5 and principles of the Staienient of
Recommend￿ Practice for accountitl8 and rewTrrtlll8 b) charities applirable to charities preparing th¢ir
accounts in a¢cordatLce with the Financi￿ Reiwting Stsndard applicable the UK and Republic of
Ireland IFRS 1021.
I have no Loncerns and have ¢o¥ne across other matter5 in connection with the exarnination to which attention
should be drawn in this report in order to a prop¢r understhnding of the accou[￿ to be reached.
Rajnikant Jani
Chartered Accountant
The Institute of Chartered Accountsn¢5 in England & Wa]es
Office 6a Popin Business C¢ntre
South Way
London
HA9 OHF
13 May 2022
Pa8e 6

HoddesdoD (Community) Society of Performing Arts Ltd.
Stgtement of Financial Activitiu for the Year Ended 31 August 2021
(Including Incom¢ and Espenditure Account and Sta¢emeDt of Total Recognised Gains
and Lossoq)
Totgl
2021
Totgl
2020
UDrutrirted
Note
Income gDd Endowments Irom:
Donaiions and legacies
Charitable activitie5
Investment ineom¢
111.203
68.084
111,203
68.084
171,873
35.187
Total inwme
179,?9)
1792
207.060
Expenditure •￿.
Ratsing funds
(161.989
{161.989}
1175.138}
Totsl expenditu
N¢t in¢ome
(161.9891
1161.9891
1175.1381
17.301
17JOI
31,922
Net ]novement in funds
17.301
17JOI
31,922
Reeon¢ili*iioo of fullds
Total funds brought forward
Tota] funds caErid fonydrd
?0,663
20,663
111.2591
13
37,964
37,964
20,663
All of the charity's activities derive from ￿tinUINg operatioDs during the at￿ve peri(xis.
The filnds breakdowD for 2020 is shown in tKAe 13.
The t￿t¢S on pages 9 to 20 fonn an init￿1 part of these finan¢Èai sthtements.
Page 7

H(Kldesdon (Community) Society of Performing Arts Ltd.
{Registration number: 06335746)
BalaDce Sheet as at 31 August 2021
2021
2020
P4ote
Fixed assets
Tan8ible ￿ets
3J29
2,025
Current assets
D¢btors
Cash at bank and irt hand
11947
63,545
18.515
40,675
76,492
59,190
Creditor5: Amounts f811ing due withiTr Dne YUT
10
123.069
15,552)
current assets
53,423
43,638
Tot%1 a&sets le&5 current liabilitie5
56,752
45,663
Creditors: Amounts falling due *fter more than 0￿* y￿r
(18.788)
125,000}
Net aMets
37.964
20,603
Funds of tbe fkarity:
Unrestricted inCODW fun
Unrestricted funds
37.964
20.663
Total fullds
13
37.964
20,663
For the finanrial y¢ar cnding 31 August 2021 th¢ ¢h8rity w&s entitled to exemption from audi¢ under section 477
of the Companies Aci 2006 relating to small companies.
Directors, re$r￿>￿sibIlIti&4'.
The m¢mb¢rs have not r¢quird the charity to obtain an audit of its xcounts for the year in qU¢Siion in
a¢¢ordan¢e with section 476. and
The dire¢tors acknowledge their re5EK>tL5ibilities for complying with the requirtments of the Act with respect
io accounting records and the preparation of accounts.
These financial Statements have been prepared in accordan¢¢ with the 5rrtial pmvÈsions r¢lating to companies
subject to the $￿all companies regime within Part 15 of the Companies Act 2(M)6.
The ftnancial stdt¢m¢tJts on pages 7 ￿ 20 ￿Tr¢ approved by the trnste¢s. and authorised for issue on 13 May
2022 and sigmed on their behalf by..
The notes on pages 9 to 20 forni an integral part of these fknanci4] statements.
Page 8

HoddesdoD {CommunTty) Society of Perfomillg Arts Ltd.
Oiegistration number: 06335746)
Balance Sheet as af 31 August 2021
The finan¢ia] 5ta*m¢nts on pages 7 to 21 iirre apprm'ed by th¢ t￿￿. and auth4Yised for issuc on 13 May 2022
and signed on their behalf by:
M5 Niiole May
Trusitt
The n￿¢$ on pag¢5 10 to 21 forni an integral part of these financial statements.
Page 9

Hoddesdon (Community) Society of Perforniing Arts Ltd.
Notes to the Financi21 Statements for the Year Ended 31 August 2021
I Chxtrlty stgtu$
The charity is litlllted by 8uarant¢e, in En￿and and Wa]e& and cOnseque￿IY doe5 t￿t have share
apital. Each of the trnstees is liabl¢ ¢0 ¢ontribu¢e an amount not exceedin8 £10 towar(ts the assets of the charity
in the event of liqutdatioft.
The address of its registered office is=
otYi¢e 6a 151 Floor
Popin Business Centr¢
South Way
Wembley
Middlesex
HA9 OHF
The principal plare of busi11￿ is..
UNIT 2
BREWERY YARD
BREWERY ROAD
HODDESDON
HERTFORDSHIRE
ENII 8HF
These fLnanciai ststements wtr¢ a￿￿￿tiSed for issur by the 13 May 2022.
2 Accounting polities
Summary fjf $igtyifie#ttt #ceouiiting policits key •ccountiDg estimgtes
The principal acc4)unting policies applied in the prepardtion of these firtancial statements are set out below.
Th¢s¢ policies have been consistently applied ¢0 all the years presente4 unl￿& otherwise stated.
St•temeDt of coThpliADet
The financial ststements have b¢¢n pr¢par¢d in %¢ordan¢¢ with Accountin8 and Reporting by Charities..
Statement of keeommended Ptactio {applicabl¢ to charities preparing their accounts in acwrdanre with the
Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102)) lissued in O¢tober 20191
IChatitie5 SORP IFRS 102)). the Financial RcwrtÉng Stsndard applicable in th¢ UK and Republic of Ireland
IFRS 1021 and the Compalli¢s Act 2006. They a150 comply with th¢ Companies Act 2006 and Charities A¢t
2011.
BASIS of prepaT*tion
Hodde5don (Community) Society of Perforniing Arts L￿. meets the definition of a publi¢ benefit entity uThder
FRS 102. A55ets and liabilities are initiajlv recognised * historiaE cost or trdnsaction V￿￿e wilcss otherwise
stated in the relevant accounting r￿)lICY notes.
Going coneern
The trustte5 consider that thut are no material un¢¢rtainties &Ethrt the charity's ability io continue 85 a going
concern nor any signtficant areas of unctrtainty that affect the carying V￿￿¢ of assets held by the charity.
Page 9

Hoddesdon (Community) Society ofperforniing Arts Ltd.
Not&s to the Financial Statements for the Year Ended 31 August 2021
Exemptioll from prtpArillg * tgsh Ilow thiemeut
The charity opted io early adopt Bulletin I published on 2 F¢lwuary 2016 alld hav¢ therefore tMTrt included a c&5h
flow statement in these financial st*m¢nts.
Ineom¢ Ind endffvwments
All incotne 15 recognised once the charity has ¢ntitlem¢ni io the inc¢)me. it is probable that the income will be
received and the amouni of the iJKome receivable can be measutrd tcli8bly.
Invdstment inco
Divid¢nds ar¢ rc¢ognis¢d once the dividend d￿lared and notification h&$ been re£¢ived of the dividend
due.
Expenditure
All eX￿nditUre is rEwgni5cd oncc there is a legal or constructive obligation ￿ that expenditure. it is probable
s¢ttl¢tn¢tJt is requirrd and the amount be measured reliably. All wsts ar¢ allocated to the applicable
expenditure heading that aggregate similar costs to thai eate80ry. Where costs ¢anno¢ be dI￿tlY attributed to
panicular headings they have been allocated a basis con5i5tent with the use of ￿$0￿CeS, with central staff
costs allocated on the b&sis of time spen¢ and depreciation charges ￿loCated on the wrtion of the asset's use.
Other SUp￿rt costs are allocated based on the spread of sthff wsts.
Rtsisirtgfmnds
These are costs incuffed in attracting voluntary incomE the managanent of investtnents and those incurred in
trading activities that rdiS¢ fi]nds.
Support tosts
Support Costs include central fUt￿tionS and have b¢¢n aElo¢ated to adtvity cost cate8ories on a basis consistent
with the use of resourc4 for exampl¢, allocating pn)perty e4)sts by fl(x)r art4 or p¢r ¢apiw staff costs by the
time spent and other costs by their usage.
Goyernment grADts
Centraj and local government gfdnts, in¢luding the Corona Virus Job Protection Scheme ICJRSI are accounted
for on accruals b&siS.
At the y¢arend. income noi received bui considered receivabl¢ has b¢¢n crediied to profil and loss accowit.
T#utio
The charity is considered w p&8s the tests set out in Paragraph I khedule 6 of the Finance 2010 atKt
therefo￿ tt meets thr definition of a charitable company for UK coqy)ra¢ion tax purposes. Accorditjgly. the
charity is potentially exempt from taxation in re5peci of income 01 ¢apitsi gains received within categories
¢over¢d by Chapter 3 Part i l of the CO￿￿10n Tax Arf 2010 or Stction 256 of the Tw(ron of c.hargeable
Gaitts Act 1992, ￿ the exteni that s￿h income or 8ains are applied exelLLsiv¢ly ¢0 ¢haritable purposes.
T4ogib5e fixed a&sets
laJdiVidu￿ fj.xed assets Costing £0.00 or morc are initially rccorded at ￿s¢ less any 5ubsquent ￿￿n￿lated
depr¢¢iation and subsequent accumulated impairnjent 10sse&
Page 10

Hoddesdon (Community) Society of Perfoming Arts Ltd.
Not&8 to the Financial Statements for the Year Ended 31 August 2021
Depreci8tlOD xmortisAtio
Depwiation is pmvided on tangible r￿ed &wts so &$ to write off the cost or V￿￿atIo￿ less any estimated
residual valu¢, over their expected usefid e¢0￿]nIC life &5 folkn¥s:
Asset class
L¢asehold Property
Plant and machittery
Fixtur¢s, fittings & equipment
Deprtti8tion mdh(bd aDd rate
Over the life of the le&se
25% on ￿(ing balance
25%on reducing baiaThc¢
Trade debtors
Trade debtors are amounts due from t￿10m¢￿S for merCha￿j15e 501d or servttts wfomied in the ordinary
course of business.
Trdde debtors are recognised initially at th¢ transaction Frie¢. They are subsqu¢ntly m¢a5urd at amorttsed ¢ost
using the effective inter¢si m¢thod, less provision for impwnneftt. A pmvisior) for the impairnient of trade
debtors is established when the￿ is objectrve evidence that the charity will not be able to collect all 8mounts due
cording to the original temLS of the receivablts.
Clsh #Dd ¢ash eqyiv#lents
Cash and cash equivalents comprise ¢ash on hand and dctMTrsits. and oth¢r short-ttrtn highly liquid
investments that are readily ¢onvertible to a known amount of and are subjKt to an insignifjcant risk of
change in value.
TTrde creditors
Trade creditors ar¢ obligaiions to pay for g(4Mls or services that hav¢ been acquired in the ordinary Course of
business from suppliers. Accounts payable are cl&s5ifitd &s current liabilities if the charity does not have an
unconditio1￿] right. ai the end of th¢ reporting period. to defer settlement of the creditor for ai least twelve
months after the reportin8 date. If th¢r¢ is an unconditional ri8ht to defer sdti¢m¢nt for at least tw¢lv¢ moTrth5
after tht re￿)rtIng dale. they are present¢d as non-¢urrent liabilitie5.
Trade creditors ore re¢tsgni5ed itLitiaJly at the transaction price and subsequently M￿Sured at amonised cost
usin8 the elTeetiv¢ interest method.
Borrowings
Interess-bearing borrowngs are initially recorded at fair Yalue, of transactioo wsts. I[rt￿¢St-bc8ring
Fx)m)wings are subsequently Ca￿led at amortised c¢)sL with the difference between the p￿ctedS, net of
transa¢tion costs. and the amowit due on redemption being wised as a char8e to the Statemcnt ofFLnancLal
A¢tiviiies over the peri(yJ of the relevant trKJm)wing.
Int¢￿t expense is reco8ni&ed on the b¥15 of the effective interest method and is included in intcrest pyable
and similar ¢hargcs.
Borrowngs ¢1￿1r1ed as currtnt liabilities unless the charity unconditional right to defer settlement of
the liability for * least twelve monts after the reprting dat¢.
Fund stnictsre
Unr¢strieted income fwids ar¢ g¢neral ffijnds that are available for use at the trustee5 discretiort in furtherance of
the objectives of the ¢harity.
Pa8ell

Hodde5don (Community) Society of Performing Art5 Ltd.
Not&4 to the Financial Statements for the Year Ended 31 August 2021
Flrtats¢ig1 lttstrnments
Classification
Finan¢ial assets and firwicial liabilities are rttoEnis&J when the charity i￿(0￿¢5 a party to the contractual
prowisions of the instrumenL
Financial liabilities and equity instruments are classified accorthng to the substanc¢ of the Contractual
arrangemerkts ¢nterd into. An quit). in5trnment is any contract that evidenecs a residual interest in the assets of
the ¢harity after d¢du¢iing all of its liabiliti¢s.
Rec￿￿1140￿ ondmeasureme
All financial assets and liabilities are iniiially measured ai transa¢iton price lirtcluding trdnsaction costs). except
for those finan¢ial assets ¢lassifJed as ai fair valu¢ through profit ol los& which are initially measured at fair
value (which is nom)ally the iransaction price excluding wansaciion costs). unltS5 th¢ arrangemeTht constitutes a
fillancittg transaction. If an arrdngemetlt co￿511tutCs a finatLcin8 transactio￿ the financial asset or financial
liability j5 iTheasur￿ at th¢ prtsent value of th¢ firture payments discounted ar a market rak of int¢re51 for a
similar debt instrument.
Financial &ssets and liabilities are only offs¢t in th¢ staiemeni of financial w)5ltion when. and only when there
exists a legally ¢nforc¢abl¢ right off the Tecognised amounts and the charity intends ¢ith¢r to settle on a
n¢t basis, or to ]ralis¢ th¢ a5Srt and %ttie the liability simutthneously.
Financia] ￿ets are de￿ognised Wh￿ and only when a) the ¢ontractual rights to the cash flows from the
f1natjcl￿ asset expire or are settled. b) the charity transfers to anothu party substaniiatly ail of the risks and
rewards of ownership of the fin8n¢ial asseu or ¢1 the charity, despite having retsined som< but not all.
significant risks and reward5 of ownership. has transferred control of the asset to another party.
Financial liabilitie$ are derecognised onty when the obligation speeified the contract is dtscharged. can¢¢lled
or expires.
Pa8e 12

Hoddesdon (Community) Society ofperfonnitig Art5 Ltd.
Not￿ to the Financial Statements for the Year Ended 31 August 2021
De￿ inslrnments
Debt instruments which meet the following wnditions are subsequently m¢&sur￿ ￿ amortised cost using the
effective interest method..
lal The eontra¢tual reiurn to the holder i5 li} a flxed amounL lil) a positive fixed rdte or a wsitive variable rat¢:
or{iiil a combinatiort of a positive or a The8ative fixed rate and a ptssitive variable rat¢.
(bl The contTZCt may provide for repayme5￿ of the principal or the return to the holder Ibut ￿t both) to be
linked to a single relevant observable index of general price inflation of the currency in wthich the debt
instrument is denomina*￿ provided such lirLLs are noi leverag￿.
{¢) The contract may provide for a deterniinabl¢ vari*ion of the return to the hold¢r during the life of th¢
instyiimenu provided that (i) the new rne s*isfies condition lal and the variaiion is nL)t contingent on future
events other than I I l a change of a ¢ontrdCtual variable rate.'121 to protect the holder against ¢redit deterioration
of the issu¢r, (3) changes in levies applied by a ¢entral bank or arising from changes in relevant taxation or law;
or liil the new rdt¢ 15 a market rate of interest and satisfJ¢s wndrtion lal.
(dl There is no ￿n￿aCtual provision that coul¢L by its iemis, result Én the holder 10sin8 the prin¢ipaJ amount or
any interest attributable to the currcnt pu](￿ or prior periods.
1¢) Cothtra¢bJal provisions that pemiit th¢ issuw to prepay a debt insln]ment or perniit thc holder to pui it b￿k io
the issuer before maturity 8re not contingent ort ￿t￿re ¢vents. other than to proie¢t the holder against the credit
deterioratiotl of the issu¢r or a Charhge ITh Control of the issuer. or to protect the holder or issuer against chan8ts
in l¢vies applied by a Centr￿ bank or arisin8 from ¢hanges in relevant taxation or law.
lfj Contrartuaj provisio￿ may t￿)11 the extension of the terni of th¢ debt instyumenL provided that the rebjm
to the holder and any other contracts￿ provisions applicable durin8 the extended ttrm satisfy the Conditions of
pard8raphs {al to 1¢).
Debt instrnments ihat are classified payable or rttei%able wthin one year on inttial recognition atkd which
m¢d the above condition5 are me&sured at the undis¢ounted atnount of the ¢ash or othcr consideration expected
to be paid or received. net of impairnien¢.
With the exception of some hedging Instrumen￿ other debt itwnThents not meeting these eonditions are
me&sured at fair value thwugh profit or Ios5.
Commitments io make and rc¢cLve loans which th¢ condiiions nJrnti0n￿j atrf)ve are measwrd at cost
lthi¢h may be nil) lcss impairnient.
Invatmeftts
Investments tn Th)n-￿nVertib]e preference shares and rM)n•puttable ordinary or preference shares (Whe￿ shares
are publicly rraded or their faÉr V￿lle is reliably measurable) are me8SLwed at fair Yalue through profit or loss.
Where fair v￿ue caThnot be measured reliably. investtnents are measured at cost less impaimient.
Investments in sub5idiari&s and as50ciales are measured It cost les5 impaimieni. For investments in subsidiaries
acquired for wnsideration kncludin8 the issue of 5hare5 qualifyin8 for merger relief. cost is measured by
reference to the nominal valu¢ of the Shar￿ issued pl￿5 fair value of other considerdtion. Any premiiim Is
ignored.
Page 13

H(Kldesdon (Community) s￿ll¢ty of Performing Arts Ltd.
Notes to the Finan¢ial Statements for the Year Ended 31 August 2021
Derivolivefinanciulinslrnments
The charity I￿e5 derivative financial instnlments to reduce exposur¢ tts foreign exchange risk and interest rdte
movements. The charity does not hold or issue derivattve financial inS￿Ments for sp￿ul#l1Ve purposes.
Derivatives are initially recognised at fair value at the date a deriv*ive eontract is entered into and are
subsequently reme&sured to their fair value at each rep)rning daL¢. The resulting gain or loss is recognised in
statement of fmanciai activittes immediately unless the derivativ¢ is desigThat￿ and effective &s a hed8in8
instrumeThL in which event the timing of the recognition in S￿ement of finallrial actLVLtke5 depends on the
nature of the hed8e relationship.
Falr value meaSuren￿￿1
The besi evidet)¢e of fair value is a quored price for an identical assd in an active market. Wh¢n quoted prices
are unavailabl< the price of a recent transaction for an identical &sset provides evid¢n¢e of fair value as long as
there has not been a sigtLifJcant change in economic circumsL￿ceS or a significathi lapse of lime since the
transaction twk place. If thc market is tM)t active and receni transactions of an identh¢a] asset on their owi ar¢
not a g(K)d estimate of fair value. the fair vajue is eStima￿d by ￿lThg a valuation techniqut.
3 Income from doDatioDs 8nd legxcies
Unrtstricted
fut)ds
Gett¢r*l
Tot81
2021
TotAI
2020
Regular giving and capital donatio￿$
11.203
111.203
171.873
111203
11.203
171,873
4 It)vestment Inco￿
Vrtrestrict￿I
funds
Genenl
Total
fvnds
lajterest receivable and stmilar income.
Interesi ￿tIVable on dcw5its
Totsl for 2021
Page 14

Hoddesdon (Community) &Kiety of Perforniing Arts Ltd.
Notes to the Financial Statements for the Year Ended 31 August 2021
5 Expenditure on rnising fiuM15
i) Raislng futtds
IJDrtstricttd
Tot•1
2021
Totsl
2020
Grn¢rAI
Note
Sthging fiLThdrni5in8 events
Allocated suptK>rt Costs
31.776
130.080
31.776
130,080
51.155
120,333
161.856
161,856
171.488
b) Investment n￿n￿gethe￿t Costs
LIDr￿triCtcd
funds
Gtnergl
Totsl
funds
Not¢
AII¢K*ed support cos
133
133
Total for 21121
133
133
Total for 2020
3.650
3.650
Page 15

Hoddesdon (Community) Society of Perforniing Arts Ltd.
Notes lo the Financial Statements for the Year Ended 31 August 2021
6 Government grnots
centr￿ and l(Kal government grant% including the Corona Virus Job Proiertion Scheme (CJRSI are acwunt
for on receipt basis Ln a¢wrdan¢¢ with Charitits SORP IFRS 102) effcciive l Janw 2019.
The amount of grallts recogni5ed in the fmancial s￿ements was £68,084 {2020- £35.1871.
7 T&Dgible fjxed assets
Furniture aDd
equiprnent
Plant and
Illathinery
Tot81
Cost
At I September 2020
Addition5
11505
2,412
5,378
17.883
2,412
Al 31 Augusi ?0? I
14.917
5,378
20.295
Depreci8tiOD
At I September 2020
Charge for the year
10.481
1,108
5J77
15.858
1,108
At 31 August 2021
11.589
5,377
16.966
Net Ipook value
At 31 August 2021
3,328
3,329
At 31 August 2020
2,024
2.025
8 Debtors
2021
2020
Trade debtOf5
Prepayments
6,347
6.600
16,314
2.200
12.947
18,515
Pa8e 16

Hoddesdon (Community) Society of Performing Arts Ltd.
Notes to the Financial st￿teMents for the Year Ended 31 August 2021
g C&sh usb equivalents
2021
2f120
Cash on hand
C&sh at bank
Short-temj deposits
107
15.568
25,000
38.206
25.228
63.545
40.675
lil Crediton: #tllounts falling due within ODe vur
2021
211211
Bank loans
Trade creditors
Other t&xaiion and so¢ial sKurity
her creditors
Accruals
5,324
12.889
1,975
481
2,400
12,764
388
2,400
23.069
15.552
I I Crediton: IllllOUDts f%Uing due after one ye•r
2021
2020
Batlk loans
18,788
25,000
12 Pension •nd other sehethe5
Defined COntrib￿tiOn pension scbejne
The charity operates a defmed Contribution pensiort schcrne. The ￿nSIOn cosi Charge for the year represertts
ntributions payable by the charity io the s¢heme ar￿ atnounted to £1.1411?020- £2.775).
Page 17

Hodd￿d0￿ (Community) Society of Performing Arts Ltd.
Notes to the Financial StstemeDts for the Year Ended 31 August 2021
13 Funds
B*lanre at I
S¢pteThber
2020
expended
August 2021
UDrfslrirted fundg
fjeneral
20.663
179290
1161.989)
37.964
Balgnee xi I
September
2019
In¢owing
Balance at 31
August 2020
e4)ended
UDrestricted fvnds
General
{112591
207,060
1175,138)
20.663
Page 18

Hoddesdon (Community) Society of Performing Arts Ltd.
Not&8 to the Financial Statements for the Year Ended 31 August 2021
14 AnAly$i$ ofnet assets fvnds
Unrestrirted
fut)ds
General
Totsl funds gt
31 August
2021
Tangible fixed assets
Cwr¢tht as5¢ts
Current liabiliiie5
Creditor5 over l year
Total net assets
3J29
76.492
1?3,069)
118.788)
3.329
76.492
{23.0691
{18.7881
37.964
37.964
Unrestrieted
futhds
General
Totsl funds at
31 August
2020
Tangible fixed assets
Current &%sets
Currerrt liabilitie5
Creditor5 over l year
Total nd assets
2.025
59.190
115.552}
125.000}
59,190
{15,552)
25.0001
20.663
IS AnAlysis of Det funds
Skpt¢mber
2020
Financing cash At 31 August
Ilows
2021
Cash at b#nk and in hand
40.675
140.6751
Net debt
40,675
(40.6751
S￿ethber
2019
Financing egsh At 31 August
flows
2020
C&th at bank atKL in l]and
Debt due after more than oneyear
Net d¢bt
1098
38.577
125.000
40.675
125,0001
1098
13.577
15.675
Pag¢ 19

Hoddesdon {Community) Soei¢ty of Performing Arts Ltd.
Notes to the Financial Statements for the Year Ended 31 August 202A
16 Trustees TemuDer*tiOD *nd eipwses
During Ihe year the charity made the following traASa￿ with trustees".
M$ Ni¢ole May
Ms Nicole May received remunerdtion of£28,10712020: £27,412) during the year.
Mr Alex8nd¢r D8vid Purves
Mr Alexand¢r David Purves receivtd remuneration of £Nil (2020.. £Nil) durin8 the year.
17 Net iDCOtIliDgloutgoiTrg r¢sourc
N¢t In￿mIng resources for the year include:
202]
2020
DeprecÉation of fixed w¢ts
1.108
675
18 Stlff costs
The aggregate payroll costs We￿ As follows:
The tnonthly averd8e number of persons {in¢luding senior man8gemetrt I leade￿hip team) employed by the
charity during the year expressed os full time equivaletts &$ follow5.'
2021
2020
No
The avera8e numlxr employees during the year
212020- 21 of the atrA)ve employees W1i¢ipat¢d in the Defined Conrribution Pe￿10￿ Schemes.
No employee received ¢molum¢nts of more than £60.1)(Kl durin8 the year.
19 T#xgtioD
Th¢ rharity LS a rew5tered charity 8t￿ is therefor¢ exempt from tsxation.
Page ?