2022-12-31-accounts

Registered	office	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	Ik Head
		106-108High Road
		Loughton
		IG104HN

		Note	Unrestricted	Endowment	Total	Total
Incoming Resources				&Restdicted
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
			E	E	E	E
Grant from Epping Forrest DC			1,300		1,300	28,984
Rental of bank, shop			47,753		47,753	34,595
Land & buildings revaluation
Lettings of Hall and Rooms			62,123		62,123	41,795
Loughton Arts Centre (nett)
Bank &other interest			81		81	6
Investment income			108		108	98
Sundry receipts			2,400		2,400	28,898
Fundraising events, and donations
Total Incoming Resources			~113765		~113765	~134376
Resources Expended
Gallery						56
Loughton Arts Centre						598
Premises costs, Inc loan interest			103,645	6,242	109,887	114,744
Other expenses			~16821	~19100	~35921	~40400
Total Resources Expended			~120466	~25 342	~145808	~155798
Net incoming/(outgoing)	resources		(6,701)	(25,342)	(32,043)	(21,422j
Transfer between funds		13	~13055	~13055
Net (outgoing) / incoming	resources after
transfer			19756	12287	32043	21422
TOTAL FUNDS AT 1JANUARY 2022			~108868	~1743938	~1852806	~1874228
TOTAL FUNDS AT31DECEMBER 2022		13

		Notes		2022		2021
FIXED ASSETS
Tangible assets				1,890,305		1,912,671
Investments				711		711
				1,891,016		1,913,382
CURRENT ASSETS
Debtors		10	7,756		10,112
Cash at bank and in	hand		~98500		~115707
Total			106,256		125,819
CREDITORS: amounts	falling due		16860		47433
within one year
NET CURRENT ASSETS				~89396		~78386
TOTAL ASSETS LESSCURRENT LIABILITIES				1,980,412		1,991,768
CREDITORS: amounts	falling due	12		159649		138962
after one year
NET ASSETS				~1820763		~1852806
FUNDS
Endowment fund		13		1,731,651		1,743,938
Restricted funds
Unrestricted funds: General fund		13		~89112		~108868

							2022	2021
							E	E
Gallery income for year
Gallery expenditure	for	the year						56
Net profit for year
3.PREMISES COSTS					Unrestricted	Endowment	Total	Total
					Funds	Funds	Funds	Funds
					2022	2022	2022	2021
					E	E	E	E
Personnel costs					32,223		32,223	28,468
Cleaning —contract					20,368		20,368	11,947
District rates and utilities					11,961		11,961	9,124
Maintenance contracts					7,715		7,715	7,042
Telephone								555
Building maintenance,		repairs and renewals			25,784		25,784	47,040
(net ofrecharges to	tenants,		&any insurance	recovery)
Loan interest and charges						6,242	6,242	5,578
Insurance (net of recharges to	tenants)				5594 ~4	~22	~5594 ~17	4990 ~114744

rthe year ended 31	rthe year ended 31	December 2022
4.OTHER EXPENSES			Unrestricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
			E		E	E
Accountancy fees			675		675	620
Print, post and stationery			160		160	87
Depreciation			3,266	19,100	22,366	22,942
Loss on disposal ofGallery assets						5,879
l.egal &professional		fees	10,639		10,639	6,993
Sundry expenses			~2081		~2081	3879
			~16821	~19100	35921	40400
5.INDEPENDENT	EXAMINER FEES
					2022	2021
					E	E
Non audit services					675	620

8.TANGIBLE FIXEDASSETS
		Furniture,
	Land and	furnishings	and
	buildings	equipment		Total
	E	E		E
Cost
At 1January 2022 as revalued	2,037,108	94,832		2,131,940
Transfer from Gallery
Disposals
At 31December 2022	~2037 108	~94	832	~2131940
Depreciation
At 1January 2022	146,208	73,061		219,269
Eliminated on disposal
Charge for the year	~19100	~3266		22366
At 31December 2022	~165308	~76	327	~241635
Net book value
At 31December 2021				~1912 71
At 31December 2022				~10

			2022	2021
			E	E
The investments	are shown	at cost.	711	711
Market value			~1722	1771
10.DEBTORS			2022	2021
Due within one	year		E	E
Trade debtors			1,042	4,518
Prepayments			~6714	~5594
			7756	~10112
11.CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR	2022	2021
			E	E
Bank loans and	overdrafts		8,000	8,000
VAT due			1,249	2,550
Accruals			~7611	36,883
			~16860	~47433
12.CREDITORS:	AMOUNTS	FALLING DUE AFTER ONE YEAR	2022	2021
				E
Rent deposit			27,500
Bank loans-
Triodos			132149	~138962
			159649	~138962

13.STA	TEM	ENT OF FUNDS
						Transfers and
			Brought	Incoming	Resources	Investment	Carried
			Forward	Resources	Expended	gains/(losses)	Forward
			E		E	E	E
SUMMARY		OF FUNDS
General	Funds		108,868	113,765	(120,466)	(13,055)	89,112
Endowment		fund	~1743938		~25 34 2	~13055	~1731651
			~1852806	~113765	~145808		1820 763

14.ANALYSIS OF NET ASSET	S BETWEEN FUNDS
	Endowment	Restricted	General	Total	Total
	Funds	Funds	Funds	Funds	Funds
	2022	2022	2022	2022	2021
	E	E	E	E	E
Tangible fixed assets	1,871,800		18,505	1,890,305	1,912,671
Investments			711	711	711
Net current assets	(8,000)		97,396	16,860	78,386
Creditors due in more
than one year	132 149		4227500	159649	138962
	~1731651		89112	1820763	~1852806