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## 



## 

|Registered|office|Lopping<br>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||





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|||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<br>revaluation|||||||
|Lettings of Hall and Rooms|||62,123||62,123|41,795|
|Loughton<br>Arts Centre (nett)|||||||
|Bank &other interest|||81||81|6|
|Investment<br>income|||108||108|98|
|Sundry receipts|||2,400||2,400|28,898|
|Fundraising<br>events, and donations|||||||
|Total Incoming Resources|||~113765||~113765|~134376|
|Resources Expended|||||||
|Gallery||||||56|
|Loughton<br>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<br>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|||||





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|||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<br>fund||13||1,731,651||1,743,938|
|Restricted funds|||||||
|Unrestricted<br>funds: General fund||13||~89112||~108868|





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||||||||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<br>costs|||||32,223||32,223|28,468|
|Cleaning<br>—contract|||||20,368||20,368|11,947|
|District rates and utilities|||||11,961||11,961|9,124|
|Maintenance<br>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<br>and charges||||||6,242|6,242|5,578|
|Insurance<br>(net of recharges to|tenants)||||5594<br>~4|~22|~5594<br> ~17|4990<br>~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<br>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|



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|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<br>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|





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||||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|





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|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|



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|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|