2021-12-31-accounts - The Lopping Endowment

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Directors ofThe Lopping Endowment	Corporate Trustee Umited
Elected Directors from May 2017,(when Director status changed):
Alan Martin
John Orgar
Jessica Ford
Lindon Barr
Garett Fitzgerald

		Note	Unrestricted	Endowment	Total	Total
Incoming Resources				Ik Restricted
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
			E		f	6
Grant from Epplng Forrest DC Rental ofbank, shop Land &bugdings revaluation Lettings of Hall and Rooms			28,984 34,595 41,795		28,984 34,595 41,795	48,308 69,993 950,200 24.213
Gallery Loughton Arts Centre (nett)						1,821 490
Bank gr other interest			6		6	28
Investment income			98		98	91
Sundry receipts			28di98		28,898	2+10
Fundmising events, and donations
Total Incoming Resources			134376		~1343 6	2~097 54
Resources Expended
Gallery			56		56	1,072
Loughton Arts Centre			598		598
Premises costs, inc loan Interest Other expenses			109,166 21300	5,578 19100	114,744 ~40 00	86,656 ~27823
Total Resources Expended			~13	~24 78	155798	115551
Net incoming/(outgoing)	resources		3,256	(24,678)	(21,422)	982,103
Transfer between funds		13	~66715	~66715
Net (outgoing) / incoming	resources after
transfer			459	42037	1422	~82103
TOTAL FUNDS AT1JANUARY 2021			~172 7	~1701 01	874	~92 5
TOTAL FUNDS AT31DECEMBER 2021		13

						2021	2020
						f	f
Gallery income for year							1,821
Gallery expenditure	for the year					56	(1~072
Net profit for year
3.PREMISES COSTS				Unrestricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds
				2021	2021	2021	2020
				f	f	f	f
Personnel costs				28,468		28,468	29,040
Cleaning -contract				11,947		11,947	7,776
District rates and utilities				9,124		9,124	4,556
Maintenance contracts				7,042		7,042	5,326
Telephone				555		555	672
Building maintenance,	repairs and renewals			47,040		47,040	28,894
(net of recharges to tenants,		&any insurance	recovery)
Loan interest and charges Insurance				~990	5,578	5,578 ~4990	5,615 ~4777
(net ofrecharges totenants)

4, OTHER EXPENSES	4, OTHER EXPENSES		Unrestricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
			6	E	f	E
Accountancyfees			620		620	570
Print, post and stationery			87		87	733
Depreciation			3,842	19,100	22,942	18,519
Loss on disposal ofGallery assets			5,879		5,879
Legal &professional		fees	6,993		6,993	3,983
Sundry expenses			~38 9		~37	~4018
			~21300	~19100	4~0400	~27823
5.INDEPENDENT	EXAMINER FEES
					2021	2020
					E	f
Non audit services					670	570

During the year, no Directors received any rem (2020:66758) in respect ofthe reimbursement 8.TANGIBLE FIXEDASSETS	uneration (2020-the same). ofexpenses for materials )	Mr Alan Martin	receive	d 612732
		Furniture,
	Land and	furnishings	and
	buildings	equipment		Total
	6	E		E
Cost
At 1January 2021as revalued	2,037,108	103,780		2,140,888
Transfer from Gallery
Disposals		~8948		8948
At 31December 2021	~2037108	~94	832	~2132940
Depreciation
At 1January 2021	127,108	72,288		199,396
Eliminated on disposal		(3,069)		(3,069)
Charge for the year	~29100	~3842		22942
At 31December 2021	~246 208	73	061	~219269
Net book value
At 31December 2020
At 31December 2021

							2021	2020
							6	E
The investments	are shown at cost.						711	711
Market value							~1771	~1801
10.DEBTORS							2021	2020
Due within one	year						6	6
Trade debtors							4,518	4,897
VAT								3,046
Prepayments							~5594	4~990
							~10112	12933
11.CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR					2021	2020
							f	6
Bank loans and overdrafts							8,000	8,000
Trade creditors								9,347
VAT due							2p550
Accruals							36,883	1,010
Deferred income								~2000
							4~7433	2~0357
12.CREDITORS:	AMOUNTS	FALLING DUE AFTER ONE YEAR					2021	2020
								E
Bankloans-
Triodos							~138962	~146031
The charity took	out a 25year loan		of5200,000from Trlodos Bank NV			with the	first draw-down	in May 2012.
The loan Is secured by way ofa first charge on the freehold				premises,		Isat a rate ofbase rate +3%(subject
to a minimum rate of3.5%),and capital payments began from May 2013.
The element ofthe loan repayable			in the coming year is included		in short-term		creditors, note 11.