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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||
|Registered|offlce|Lopping
Hall|
|---|---|---|
|||189High Road|
|||Loughton|
|||IG104LF|
|Independent|Examiner|Cooper Paul|
|||Abacus House|
|||14-18Forest Road|
|||Loughton|
|||Essex IG10 1DX|
|Bankers||HSBC|
|||74 High Road|
|||Barkingside|
|||IG6 2DN|
|Solicitors||Foskett, Marr, Gadsby & Head|
|||106-108High Road|
|||Loughton|
|||IG104HN|
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|||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|||||
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|||||||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)||||||||
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|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|
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|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|||||
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||||||||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.||
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|13.STATE|MENT OF FUNDS||||||
|---|---|---|---|---|---|---|
||||||Transfers and||
|||Srought|Incoming|Resources|Investment|Carried|
|||Forward
f|Resources
f|Expended
f|gains/(losses)
f|Forward
f|
|SUMMARY|OF FUNDS||||||
|General Funds||172,327|134,376|131,120|(66,715)|108,S68|
|Endowment|fund|~1701901||~24 678|~66715|~174393S|
|||~1874228|~134376|155798||~1852806|
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|14.ANALYSIS OF NET AS5ET|S SETWEEN FUNDS|||||
|---|---|---|---|---|---|
||Endowment|Restricted|General|Total|Total|
||Funds|Funds|Funils|Funds|Funds|
||2021|2021|2021|2021|2020|
||f||f|f|f|
|Tangible fixed assets|1p890,900||21,771|1,912,671|1,941,492|
|Investments|||711|711|711|
|Net current assets|(8,000)||86,386|78,386|78,056|
|Creditors due in more||||||
|than one year|~238962|||(1281896)|(1146031|
||~2743 938||~108868|~1852806|~1874228|