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|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|**4**|
|**Statement o f Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||





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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies|2|3,682|36,159|
|Other trading activities|3|13,200|967|
|**Total**||16,882|37,126|
|**EXPENDITURE ON**||||
|Raising funds||10,160|750|
|**Charitable activities**||||
|Charitable activities||27,448|46,203|
|**Total**||37,608|46,953|
|**NET INCOME/(EXPENDITURE)**||(20,726)|(9,827)|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**||52,234|62,061|
|**TOTAL FUNDS CARRIED FORWARD**||31,508|52,234|





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|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|**FIXED ASSETS**||||
|Tangible assets|7|15,081|22,993|
|**CURRENT ASSETS**||||
|Debtors|8|157|439|
|Cash at bank||21,070|30,301|
|||21,227|30,740|
|**CREDITORS**||||
|Amounts falling due within one year|9|(4,800)|(1,499)|
|**NET CURRENT ASSETS**||16,427|29,241|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||31,508|52,234|
|**NET ASSETS**||31,508|52,234|
|**FUNDS**|10|||
|Unrestricted funds||31,508|52,234|
|**TOTAL FUNDS**||31,508|52,234|





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|**2.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||2021|2020|
||Grants|3,682|36,159|
||Grants received, included in the above, are as follows:|||
|||2021|2020|
||Hertfordshire County Council|1,999|2,400|
||Arts Council England|1,500|13,500|
||East Herts Lottery|183|259|
||Hertford Town Council −National Heritage Board||20,000|
|||3,682|36,159|
|**3.**|**OTHER TRADING ACTIVITIES**|||
|||2021|2020|
||Memberships||50|
||Painting Sales|13,200|917|
|||13,200|967|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||2021|2020|
||Depreciation −owned assets|7,912|7,628|
|**5.**|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|||2021|2020|
||Trustees' fees|3,000|15,200|



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|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL AC**|**TIVITIES**|
|---|---|
||Unrestricted|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|36,159|
|Other trading activities|967|
|**Total**|37,126|
|**EXPENDITURE ON**||
|Raising funds|750|
|**Charitable activities**||
|Charitable activities|46,203|
|**Total**|46,953|
|**NET INCOME/(EXPENDITURE)**|(9,827)|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|62,061|
|**TOTAL FUNDS CARRIED FORWARD**|52,234|



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|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
||Improvements|||
||to|Computer||
||property|equipment|Totals|
||£|£|£|
|**COST**||||
|At 1st April 2020 and 31st March 2021|36,706|2,856|39,562|
|**DEPRECIATION**||||
|At 1st April 2020|16,283|286|16,569|
|Charge for year|7,341|571|7,912|
|At 31st March 2021|23,624|857|24,481|
|**NET BOOK VALUE**||||
|At 31st March 2021|13,082|1,999|15,081|
|At 31st March 2020|20,423|2,570|22,993|





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|**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|---|
|||||2021|2020|
||VAT|||157|439|
|**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||2021|2020|
||Trade creditors|||3,300||
||Accrued expenses|||1,500|1,499|
|||||4,800|1,499|
|**10.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
|||||movement|At|
|||At 1.4.20||in funds|31.3.21|
||**Unrestricted funds**|||||
||General fund|52,234||(20,726)|31,508|
||**TOTAL FUNDS**|52,234||(20,726)|31,508|
||Net movement in funds, included in the above are as follows:|||||
|||Incoming||Resources|Movement|
|||resources||expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||16,882|(37,608)|(20,726)|
||**TOTAL FUNDS**||16,882|(37,608)|(20,726)|
||**Comparatives for movement in funds**|||||
|||||Net||
|||||movement|At|
|||At 1.4.19||in funds|31.3.20|
||**Unrestricted funds**|||||
||General fund||62,061|(9,827)|52,234|
||**TOTAL FUNDS**||62,061|(9,827)|52,234|





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||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|f|
|**Unrestricted funds**||||
|General fund|37,126|(46,953)|(9,827)|
|**TOTAL FUNDS**|37,126|(46,953)|(9,827)|



|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.19|in funds|31.3.21|
|**Unrestricted funds**||||
|General fund|62,061|(30,553)|31,508|
|**TOTAL FUNDS**|62,061|(30,553)|31,508|



||Incoming|Resources|•Movement|
|---|---|---|---|
||resources|expended|in funds|
|**Unrestricted funds**||||
|General fund|54,008|(84,561)|(30,553)|
|**TOTAL FUNDS**|54,008|(84,561)|(30,553)|



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|**FOR THE YEAR ENDED **|**31ST MARCH 2021**||
|---|---|---|
||2021|2020|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Grants|3,682|36,159|
|**Other trading activities**|||
|Memberships||50|
|Painting Sales|13,200|917|
||13,200|967|
|**Total incoming resources**|16,882|37,126|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Purchases|10,160|750|
|**Charitable activities**|||
|Trustees' fees|3,000|15,200|
|Rates and water||2,067|
|Insurance|382|2,069|
|Advertising|2,804|1,854|
|Sundries|750|2,491|
|Events and workshops|3,000|11,071|
|Repairs and Renewals||1,115|
|Publishing costs|6,850||
|Improvements to property|7,341|7,341|
|Computer equipment|571|286|
||24,698|43,494|
|**Support costs**|||
|**Governance costs**|||
|Accountancy fees|2,750|1,500|
|Legal fees||1,209|
||2,750|2,709|
|Total resources expended|37,608|46,953|
|**Net expenditure**|(20,726)|(9,827)|