| Page | |
|---|---|
| Chairman's Report |
|
| Operating and Financial Review |
2to3 |
| Report ofthe Trustees | 4to7 |
| Independent Examiner's Report |
|
| Consolidated Statement ofFinancial Activities |
|
| Parent Charity Statement ofFinancial Activities | 10 |
| Consolidated Balance Sheet |
11 to 12 |
| Parent Charity Balance Sheet | 13to 14 |
| Notes to the Financial Statements | 15to 25 |
| Detailed Statement ofFinancial Activities | 26 |
| Unrestricted | Restricted | 31.03.2022 | 31.12.2020 | |||
|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |||
| Notes | ||||||
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and fundraising |
14,011 | 18,729 | 32,740 | 23,812 | ||
| Trading operations | 124,129 | 124,129 | 57,323 | |||
| Charitable activities |
||||||
| Corn Hall operations | 240,778 | 240,778 | 99,202 | |||
| Grants receivable | 40,459 | 64,088 | 104,547 | 157,679 | ||
| Business interruption | insurance | 37,498 | 37,498 | |||
| Total | 465,875 | 82,817 | 539,692 | 338,015 | ||
| EXPENDITURE ON | ||||||
| Trading expenditure | 117,579 | 117,579 | 57,322 | |||
| Charitable activities |
||||||
| Corn Hall operations | 277,275 | 140,808 | 418,083 | 230,832 | ||
| Fund raising costs | 720 | 720 | ||||
| Governance costs |
18 | 6,872 | 6,872 | 4,958 | ||
| Total | 402,446 | 140,808 | 543,254 | 293,112 | ||
| NET INCOME/(EXPENDITURE) |
54,429 | (57,991) | (3,562) | 44,903 | ||
| Net movement in funds |
54,429 | (57,991) | (3,562) | 44,903 | ||
| RECONCILIATION | OF | |||||
| FUNDS | ||||||
| Total funds brought | forward | 54,911 | 182,324 | 237,235 | 192,331 | |
| TOTAL FUNDS CARRIED FORWARD |
109,340 | 124,333 | 233,673 | 237,234 |
| The Diss Corn Hall Trust | |||||
|---|---|---|---|---|---|
| Parent Statement ofFinancial Activities Includin | Income and Ex enditure | Account | |||
| for the 15Months Ended 31March 2022 | |||||
| Unrestricted | Restricted | 31.03.2022 | 31.12.2020 | ||
| funds | funds | Total funds | Total funds | ||
| Notes | |||||
| INCOME AND ENDOWMENTS | |||||
| FROM | |||||
| Donations and fundraising |
14,011 | 18,729 | 32,740 | 23,812 | |
| Donation from subsidiary |
13 | 6,612 | |||
| Charitable activities |
5 | ||||
| Corn Hall operations | 240,778 | 240,778 | 99,202 | ||
| Grants receivable | 40,459 | 64,088 | 104,547 | 157,679 | |
| Business interruption insurance |
37,497 | 37,497 | |||
| Total | 332,745 | 82,817 | 415,562 | 287,305 | |
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Corn Hall operations | 277,275 | 140,808 | 418,083 | 230,832 | |
| Fund raising | 720 | 720 | |||
| Governance costs |
18 | 6,872 | 6,872 | 4,958 | |
| Total | 284,867 | 140,808 | 425,675 | 235,790 | |
| NET INCOME/(EXPENDITURE) | 47,878 | (57,991) | (10,113) | 51,515 | |
| Net movement in funds |
47,878 | (57,991) | (10,113) | 51,515 | |
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 55,021 | 182,424 | 237,445 | 185,930 | |
| TOTAL FUNDS CARRIED FORWARD |
102,899 | 124,433 | 227,332 | 237,445 |
| onsolidated Balance Sheet t 31March 2022 |
|||||
|---|---|---|---|---|---|
| 31.03.22 | 31.12.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 21,786 | 83,298 | 105,084 | 128288 |
| 21,786 | 83,298 | 105,084 | 128,288 | ||
| CURRENT ASSETS | |||||
| Stock | 2,603 | 2,603 | 391 | ||
| Debtors | 14 | 23,198 | 23,198 | 16,788 | |
| Cash at bank and in hand | 108,154 | 41,035 | 149,189 | 144,137 | |
| 133,955 | 41,035 | 174,990 | 161,306 | ||
| CREDITORS | |||||
| Amounts falling due within one |
|||||
| year | 15 | 46,401 | 46,401 | 52,359 | |
| NET CURRENT ASSETS | 87,554 | 41,035 | 128,589 | 108,947 | |
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 109,340 | 124,334 | 233,673 | 237,235 | |
| NET ASSETS | 109,340 | 124,333 | 233673 | 237,235 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
109,340 | 54,911 | |||
| Restricted funds | 124,333 | 182,324 | |||
| TOTAL FUNDS | 233,673 | 237,235 |
| Parent Balance Sheet | |||||
|---|---|---|---|---|---|
| At 31March 2022 | |||||
| Unrestricted | Restricted | 31.03.22 | 31.12.20 | ||
| funds | funds | Total funds | Total funds | ||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 15,370 | 83,298 | 98,668 | 128,288 |
| Social investments | 13 | 100 | 100 | 100 | |
| 15,370 | 83,398 | 98,768 | 128,388 | ||
| CURRENT ASSETS | |||||
| Debtors | 14 | 32,202 | 32,202 | 27,537 | |
| Cash at bank and in hand | 100,082 | 41,035 | 141,117 | 132,163 | |
| 132,284 | 41,035 | 173,319 | 159,699 | ||
| CREDITORS | |||||
| Amounts falling due within one |
|||||
| year | 15 | 44,755 | 44,755 | 50,642 | |
| NET CURRENT ASSETS | 87,529 | 41,035 | 128,564 | 109,057 | |
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 102,899 | 124,433 | 227,332 | 237,445 | |
| NET ASSETS | 102,899 | 124,433 | 227,332 | 237,445 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
102,899 | 55,021 | |||
| Restricted funds | 124,433 | 182,424 | |||
| TOTAL FUNDS | 227,332 | 237,445 |
| DONATIO | NS AND FUNDRAISING |
||
|---|---|---|---|
| 31.03.22 | 31.12.20 | ||
| Donations | 32,740 | 23,812 | |
| TRADING | OPERATIONS | ||
| 31.03.22 | 31.12.20 | ||
| Income | 124,129 | 57,323 | |
| Expenditure | (117,579) | (57,323) | |
| Profit | ~6550 |
| 31.03.22 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| Activity | ||||||
| Corn Hall Operations | Corn Hall Operations | 240,778 | 99,202 | |||
| Grants | Grants Receivable | 104,547 | 157,679 | |||
| 345,325 | 256,881 | |||||
| Grants received, included | in the | above, are as follows: | ||||
| 31.03.22 | 31.12.20 | |||||
| Government grants |
||||||
| Diss Town Council | ||||||
| Government furlough |
scheme | 9,846 | 24,036 | |||
| South Norfolk Council | (Covid funding) | 30,612 | 27,753 | |||
| Arts Council (Culture | Recovery | Fund) | 30,845 | 49,655 | ||
| 71,303 | 101,444 | |||||
| Other grants | ||||||
| Arts Council (emergency | grant) | 25,000 | ||||
| Arts Council (Act Now!) | 581 | 13,215 | ||||
| Norfolk Community | Foundation | (464) | 6,620 | |||
| BFI/ Film Hub | 8,900 | |||||
| Active Norfolk | 4,225 | |||||
| Heritage Lottery Fund | re | Diss Elephants | 23,200 | |||
| Tesco Bags ofChange | 1,000 | |||||
| BEEAnglia re energy | saving lighting | 3,701 | ||||
| Geoffrey Watling | 1,000 | 2 500 | ||||
| 104,547 | 157,679 |
| 31.03.22 | 31.12.20 | ||
|---|---|---|---|
| Corn Hall Operations | E | ||
| Direct event | costs | 167,113 | 57,437 |
| Staffcosts | 135,444 | 98,236 | |
| Office &other expenses | 14,751 | 4,250 | |
| Marketing | 15,603 | 10,025 | |
| Repairs and renewals | 11,492 | 10,658 | |
| Bank charges | 5,741 | 4,102 | |
| Property expenses | 27,200 | 20,305 | |
| Consultancy | fees | 5,400 | |
| Depreciation | 34,838 | 25,818 | |
| 418,083 | 230,832 |
| Unrestricted funds |
R . d fu d estricted A nds |
R . d fu d estricted A nds |
R . d fu d estricted A nds |
31.12.2020 Total funds |
|||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Donations and fundraising |
12,813 | 10,899 | 36,479 | ||||
| Trading operations | 57,323 | 57,323 | |||||
| Charitable activities |
|||||||
| Corn Hall operations | 99,202 | 99,202 | |||||
| Grants receivable | 76,789 | 80,890 | 157,679 | ||||
| Total | 246,226 | 91,789 | 338,015 | ||||
| EXPENDITURE ON | |||||||
| Trading expenditure | 57,322 | 57,322 | |||||
| Charitable activities |
|||||||
| Corn Hall operations | 176,278 | 54,554 | 230,832 | ||||
| Heritage Triangle project | |||||||
| Governance costs |
4,958 | 4,958 | |||||
| Total | 238,558 | 54,554 | 293,112 | ||||
| NET INCOME/(EXPENDITURE) |
7,668 | 37,235 | 44,903 | ||||
| Net movement in funds |
7,669 | 37,235 | 44,904 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 47,242 | 145,089 | 192,331 | ||||
| TOTAL FUNDS CARRIED FORWARD |
54,911 | 182,324 | 237,235 |
| 12.TANGIBLE FIXEDASSETS | |
|---|---|
| Plant and | |
| machinery | |
| Cost | |
| At 1 January 2021 | 278,551 |
| Additions | 12,119 |
| At 31 March 2022 | 290,670 |
| Depreciation | |
| At 1 January 2021 | 150,263 |
| Charge for the year | 35,323 |
| At 31 March 2022 | 185,586 |
| Net BookValue | |
| At 31 March 2022 | 105,084 |
| At 31 December 2020 | 128,288 |
| 13. FIXEDASSETINVESTMENTS |
|
| Shares in | |
| group | |
| undertakings | |
| MARKET VALUE | |
| At 1 January 2021 and 31 March 2022 | 100 |
| NET BOOK VALUE | |
| At 31 March 2022 | 100 |
| At 31 December 2020 | 100 |
| The New Diss Corn Hall Ltd | |||
|---|---|---|---|
| Registered office: The Corn Hall, StNicholas St, | Diss, IP22 4LB | ||
| Nature ofbusiness: Operation ofthe Corn Hall. | |||
| Company Registration No.07117780 |
|||
| Class ofshare: | %holding | ||
| Ordinary | 100 | ||
| 31.03.22 | 31.12.20 | ||
| Aggregate capital and reserves |
6,540 | (11) | |
| Profit/(loss) for the period |
6,550 | (6,612) | |
| Amount donated to parent charity |
|||
| Net result | 6550 | ~6,612) |
| 31.03.22 | 31.12.20 | |||
|---|---|---|---|---|
| Consolidated | ||||
| Trade Debtors | 14,430 | 4,200 | ||
| Other debtors | 4,149 | 7,495 | ||
| Prepayments | and accrued income | 4,619 | 5,083 | |
| 23,198 | 16,778 | |||
| Parent | ||||
| Trade Debtors | 13,977 | 4,200 | ||
| Amount owed by subsidiary |
company | 10,837 | 10,759 | |
| Other debtors | 2,769 | 7,495 | ||
| Prepayments | and accrued income | 4619 | 5 083 | |
| 32,202 | 27,537 |
| 31.03.22 | 31.12.20 | |
|---|---|---|
| Consolidated | ||
| Trade creditors and accruals | 22,695 | 30,548 |
| Social Security and other taxes | 3,487 | 2,589 |
| Deferred income | 20,219 | 19,222 |
| 46,401 | 52,359 | |
| Parent | ||
| Trade creditors and accruals | 21,049 | 28,831 |
| Social Security and other taxes | 3,487 | 2,589 |
| Deferred income | 20,219 | 19,222 |
| 44,755 | 50,642 |
| Net movement | Transfers | Transfers | ||||
|---|---|---|---|---|---|---|
| At 1.1.21 | in funds | between | funds | At 31.03.22 | ||
| Unrestricted | funds | |||||
| Unrestricted | 54,911 | 54,429 | 109,340 | |||
| Restricted funds | ||||||
| Heritage Triangle Project | 109,314 | (25,819) | 83,495 | |||
| Culture Recovery Fund | 24,455 | (24,455) | ||||
| Heart &Art | Outreach Programme | 48,555 | (10,717) | 37,838 | ||
| Paul Howling | 3,000 | 3,000 | ||||
| 182,324 | (57,911) | 124,333 | ||||
| TOTAL FUNDS | 237235 | 3,562 | 233,673 |
| Incoming | Resources | Movement in |
||
|---|---|---|---|---|
| resources | expended | funds | ||
| Unrestricted | funds | |||
| Unrestricted | 456,875 | (402,446) | 54,429 | |
| Restricted funds | ||||
| Heart &Art | Programme | 44,271 | (54,988) | (10,717) |
| Culture Recovery Fund | 30,845 | (55,300) | (24,455) | |
| Heritage Triangle Project | 4,701 | (30,520) | (25,819) | |
| Paul Howling | 3,000 | 3 000 | ||
| ~82 817 | 140,808 | 57,991 | ||
| TOTAL FUNDS | 539,692 | 543,254 | 3,562 |
| Comparative for movement |
Comparative for movement |
in funds | Net movement | Transfers | ||
|---|---|---|---|---|---|---|
| At 1.1.20 | in funds | between funds |
At 31.12.20 | |||
| Unrestricted funds |
||||||
| Unrestricted | 47,242 | 7,669 | 54,911 | |||
| Restricted funds | ||||||
| Heritage Triangle Project | 133,409 | (24,095) | 109,314 | |||
| Culture Recovery Fund | 24,455 | 24,455 | ||||
| Heart &Art Outreach | Programme | 11,680 | 36,875 | 48,555 | ||
| 145,089 | 37,235 | 182,324 | ||||
| TOTAL FUNDS | 192,331 | 44,904 | 237,235 | |||
| Comparative net movement |
in funds, included | in the above are | as follows: | |||
| Incoming | Resources | Movement in |
||||
| resources | expended | funds | ||||
| Unrestricted funds |
||||||
| Unrestricted | 246,226 | (238,558) | 7,669 | |||
| Restricted funds | ||||||
| Heart 8cArt Programme | 42,334 | (5,459) | 36,875 | |||
| Culture Recovery Fund | 49,455 | (25,000) | 24,455 | |||
| Heritage Triangle Project | $224,095 | ~24,095 | ||||
| 91,789 | ~54,554 | ~37,235) | ||||
| TOTAL FUNDS | 338,015 | ~293,112) | 44,904 |
| 31.03.22 | 31.12.20 | ||
|---|---|---|---|
| Corn Hall Operations | |||
| Accounting | sofbvare | 545 | 483 |
| Bookkeeping | &payroll processing | 4,901 | 1,975 |
| Independent | examination | 1,426 | 2,500 |
| 6,872 | 4,958 |
| Detailed Statement ofFinancial Activities for the 15Months Ended 31March 2022 |
||
|---|---|---|
| 31.03.22 | 31.12.20 | |
| INCOME &ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 32,740 | 23,812 |
| Charitable activities |
||
| Corn Hall Operations | 240,778 | 99,202 |
| Grants | 104,547 | 157,679 |
| Insurance claim |
37497 | |
| 382,822 | 256,881 | |
| Total incoming resources | 415,563 | 280,693 |
| Management and administration |
||
| Direct event costs | 167,113 | 57,437 |
| Wages | 135,444 | 98,236 |
| Office &other expenses | 14,751 | 4,250 |
| Marketing | 15,603 | 10,025 |
| Repairs and renewals | 11,492 | 10,658 |
| Bank charges | 5,741 | 4,102 |
| Property expenses | 27,200 | 20,305 |
| Consultancy fees |
5,400 | |
| Plant &machinery | 34,838 | 25,818 |
| 418,083 | 230,832 | |
| Fund raising costs | 720 | |
| Governance costs |
||
| Accountancy | 6,872 | 4,958 |
| Total resources expended | 425,675 | 235,790 |
| Net income / (expenditure) | (10,113) | 44,903 |
| The New Diss Corn Hall Limited | ||
| Trading income | 124,129 | 57,323 |
| Trading expenses | 117,579 | 57,323 |
| 6,550 | ||
| Net income / (expenditure) | (3,562) | 44,904 |