**REGISTERED COMPANY NUMBER: CE024109 (England and Wales) REGISTERED CHARITY NUMBER: 1191455**
## Report of the Trustees and
## Unaudited Financial Statements
for the Period 24 September 2020 to 1 December 2021
for
Arts and Crafts Community Centre
Golden Valley Accountancy Limited Unit 4 Westwood Industrial Estate Pontrilas Herefordshire HR2 0EL
Arts and Crafts Community Centre
## Contents of the Financial Statements
for the Period 24 September 2020 to 1 December 2021
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6 to 7|
|Notes to the Financial Statements|8 to 10|
|Detailed Statement of Financial Activities|11|
Arts and Crafts Community Centre
## Report of the Trustees
for the Period 24 September 2020 to 1 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 24 September 2020 to 1 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **INCORPORATION**
The charitable company was incorporated on 24 September 2020.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Arts and Crafts Community Centre aims are to provide a wide range of arts and crafts opportunities for the local community to experience. At the core is the promotion of health and wellbeing benefits borne out of participating in these activities and the associated social interaction intrinsic to sharing skills and ideas.
## **Significant activities**
In the first accounting year Sept '20 to Dec '21 we have been hampered by restrictions due to the pandemic which has affected both securing a building for our sole use and arranging activities for the benefit of the community.
In September '21 we facilitated a venue in Ewyas Harold for the exhibition of artists work to encourage the community to visit and socially interact.
In the meantime we have been able to raise funds for the Centre from the community through accepting items for us to sell. This activity has kept the Charity in the minds of the community and also engaged them in helping us to provide for our services to them when a space is secured and there are no restrictions on our movements, due to the pandemic.
## **Public benefit**
The Trustees have full regard to the guidance issued by the Charity Commission on public benefit. 20-21 has proved difficult to achieve the levels we aim for.
## **Social investments**
We have not yet been able to provide social, mental health and wellbeing support through arts and crafts due to the pandemic and not having a permanent venue.
We have been explaining through local media that this is what we will be providing, once there are no restrictions.
## **Grantmaking**
We remain a charity that does not give grants per se.
## **Volunteers**
Currently the Charity is still being run by the Trustees as we have not been able to develop the activities due to the pandemic and negotiating the exclusive use of a building.
Volunteers from the community have been very evident in terms of providing source material for selling to raise funds for the Charity so that we have a solid footing as soon as a lease is signed. The volunteers are waiting to become more involved with the day to day running of the centre and its activities.
Page 1
Arts and Crafts Community Centre
## Report of the Trustees
for the Period 24 September 2020 to 1 December 2021
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Due to the pandemic and lack of a permanent venue we have not undertaken the full breadth of our activities.
The event of providing a venue for arts and crafts people to show their skills and have items available for sale was extremely important for both the artists and the community. People ventured out and met up in a convivial setting. For some this was really the first time they had met other socially.
The event was very beneficial to everyone who attended over the 10 days.
## **Achievements**
This year our achievements were low, scuppered by the pandemic and not realising a lease on a permanent premises.
## **Performance**
Our fundraising level was similar to expectations. Most of the funds raised were through community donation of goods which were then sold for the charity. We also received a grant for the refurbishment of an office space in the building we are negotiating to occupy to provide a confidential space for out sourced specialists to receive patients for mental health and wellbeing issues.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Arts and Crafts Community Centre holds no reserves. As a new Charity we are fund raising to deliver a service into the community. Currently we do not have the funds to set aside reserves.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
Currently as a very new Charity, the existing Trustees look to individuals within the community whose skills will be of benefit to the Charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE024109 (England and Wales)
## **Registered Charity number**
1191455
## **Registered office**
Old King Street Farm Ewyas Harold Hereford Herefordshire HR2 0HB
## **Trustees**
A Huntley (appointed 24.9.20) A Thoo (appointed 1.10.20) C J Godwin (appointed 24.9.20)
Page 2
Arts and Crafts Community Centre
## Report of the Trustees
for the Period 24 September 2020 to 1 December 2021
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company Secretaries**
C J Godwin F Whitcher
## **Independent Examiner**
Golden Valley Accountancy Limited Unit 4 Westwood Industrial Estate Pontrilas Herefordshire HR2 0EL
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Trustee
Page 3
Independent Examiner's Report to the Trustees of Arts and Crafts Community Centre
## **Independent examiner's report to the trustees of Arts and Crafts Community Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the period 24 September 2020 to 1 December 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Golden Valley Accountancy Golden Valley Accountancy Limited Unit 4 Westwood Industrial Estate Pontrilas Herefordshire HR2 0EL
Date: .............................................
Page 4
Arts and Crafts Community Centre
|Statement of Financial Activities|||
|---|---|---|
|for the Period 24 September 2020 to 1|December 2021||
|||Unrestrict|
|||fund|
||Notes|£|
|**INCOME AND ENDOWMENTS FROM**|||
|Donations and legacies||45,225|
|**Charitable activities**|||
|Grants||6,300|
|**Total**||51,525|
|**EXPENDITURE ON**|||
|**Charitable activities**|||
|Arts and Crafts activities||7,208|
|Governance Costs||1,558|
|Other||719|
|**Total**||9,485|
|**NET INCOME**||42,040|
|**TOTAL FUNDS CARRIED FORWARD**||42,040|
||||
The notes form part of these financial statements
Page 5
Arts and Crafts Community Centre
## Balance Sheet
## 1 December 2021
|||Unrestrict|
|---|---|---|
|||fund|
||Notes|£|
|**CURRENT ASSETS**|||
|Debtors|3|206|
|Cash at bank||52,134|
|**CREDITORS**||52,340|
|Amounts falling due within one year|4|(10,300)|
|**NET CURRENT ASSETS**||42,040|
|**TOTAL ASSETS LESS CURRENT**|||
|**LIABILITIES**||42,040|
|**NET ASSETS**||42,040|
|**FUNDS**|6||
|Unrestricted funds||42,040|
|**TOTAL FUNDS**||42,040|
||||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 December 2021.
The members have not required the company to obtain an audit of its financial statements for the period ended 1 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
Arts and Crafts Community Centre
## Balance Sheet - continued
## 1 December 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 7
Arts and Crafts Community Centre
Notes to the Financial Statements
for the Period 24 September 2020 to 1 December 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Arts and Crafts Community Centre
## Notes to the Financial Statements - continued for the Period 24 September 2020 to 1 December 2021
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 1 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 1 December 2021.
|**3.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**4.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 5)
Trade creditors
**5.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
**6.**
**MOVEMENT IN FUNDS**
Net
movement
in funds
£
**Unrestricted funds**
General fund
42,040
**TOTAL FUNDS**
42,040|£
206
£
10,000
300
10,300
£
10,000
At
1.12.21
£
42,040
42,040|
|---|---|
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continued...
Arts and Crafts Community Centre
## Notes to the Financial Statements - continued for the Period 24 September 2020 to 1 December 2021
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|51,525|(9,485)|42,040|
|**TOTAL FUNDS**|51,525|(9,485)|42,040|
|||||
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the period ended 1 December 2021.
Page 10
Arts and Crafts Community Centre
|Detailed Statement of Financial Activities
for the Period 24 September 2020 to 1 December 2021
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Earned Income
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Rent
Sundries
**Information technology**
Repairs and renewals
**Other**
Membership
**Governance costs**
Legal Fees
Accountancy and legal fees
Accountancy fees
Total resources expended
**Net income**|£
29,890
15,335
45,225
6,300
51,525
400
82
482
25
719
1,258
300
6,701
8,259
9,485
42,040|
|---|---|
This page does not form part of the statutory financial statements
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