2021-02-28-accounts

Trustees			Kathleen Belinis	Kathleen Belinis
			John Davis
			Jane Ducarreaux
			Tina Goodman
			Mark Hailey
			Darrell Hegeity
			Fiona Martin
			Sean Shaw
			Mark Wilkinson
			Jan Wing
			John Wing
Secretary			Kathleen Belinis
Charity number			276998
Company	number		01393436
Registered		office	Southern Maltings
			Kibes Lane
			Ware
			Herffordshire
			SG127DE
Independent		examiner	Gary Howard	FCA
			Howard Wilson Chartered		Accountants
			36 Crown Rise
			Watford
			Hertford shire
			WD25 ONE
Bankers			CAF Bank
			25 Kings Hill Avenue
			West Mailing
			Kent
			ME194JQ

			Page
Trustees report			1-5
Independent examiner's		report
Statement offinancial	activities
Balance sheet			8-9
Notes to the financial	statements		10-19

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
		Notes					K
huurmfmm;
Donations and	legacies		46,697		46,697	28,953	24,033	52,986
Charitable activities			19,310	82,917	102,227	127,172		127,172
Investments			32		32	59		59
Total income			66,039	82,917	148,956	156,184	24,033	180,217
Raising funds			6,914	133	7,047	33,991		33,991
Charitable activities		7	120,062	24,448	144,510	116,384	24,033	140,417
Total expenditure			126,976	24,581	151,557	150,375	24,033	174,408
Net (expenditure)/income
for the year/
Net movement	in funds		(60,937)	58,336	(2,601)	5,809		5,809
Fund balances	at 29
February 2020			102,725		102,725	96,916		96,916
Fund balances	at 28
February 2021			41,788	58,336	100,124	102,725		102,725

					2021		2020
				Notes
Fixed assets
Tangible assets				10		25,762		33,345
Current assets
Stocks				11	1,739		3,282
Debtors				12	20,778
Cash at bank and		in	hand		91,656		68,401
					114,173		71,683
Creditors:	amounts		falling due within
one year				13	(3,950)		(2,303)
Net current	assets					110,223		69,380
Total assets less		current liabilities				135,985		102,725
Creditors:	amounts		falling due after
more than	one year			14		(35,861)
Net assets						100,124		102,725
Income funds
Restricted	funds			15		58,336
Unrestricted	funds
Designated	funds			16	30,000
General unrestricted			funds		11,788		102,725
						41,788		102,725
						100,124		102,725

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
				2020	2020	2020
					F	F
Donations and gifts			9,483	28,953		28,953
Grants receivable			37,214		24,033	24,033
			46,697	28,953	24,033	52,986
Grants receivable for core activities
East Herts Council					16,533	16,533
The Architectural	Heritage	Fund			7,500	7,500
Covid 19grants -	East Herts Council		37,214
			37,214		24,033	24,033

	Arts Centre	Arts Centre
	Operation	Operation
	2021	2020
Performance related grants	82,917
Events income	5,629	62,164
Hire income	13,681	65,008
	102,227	127,172
Analysis by fund
Unrestricted funds	19,310	127,172
Restricted funds	82,917
	102,227	127,172
Performance related grants
Culture Recovery Fund for Heritage	35,100
Heritage Lottery Fund	25,000
East Herts Council	1,400
Power to Change Trust	20,000
Other	1,417
	82,917

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
Interest	receivable	32	59

Raising fund	s
			Unrestricted	Restricted	Total	Unrestricted
			funds	funds		funds
			2021	2021	2021	2020
						F
Fundraisin	and	ublici
Events costs			6,914	133	7,047	33,991
			6,914	133	7,047	33,991

			Arts Centre	Arts Centre
			Operation	Operation
			2021	2020
Staff costs			2,729
Depreciation	and impairment		7,584	7,584
Premises costs			16,660	16,518
Insurance costs			3,200	2,358
Repairs and	maintenance	costs	7,383	17,837
General expenses			2,916	2,963
Consultancy			8,640	20,619
Governance	costs			1,020
Development	costs		95,398	71,518
			144,510	140,417
Analysis by	fund
Unrestricted	funds		120,062	116,384
Restricted funds			24,448	24,033
			144,510	140,417

		2021	2020
		Number	Number
Directors/Trustees
Employment	costs	2021	2020
Wages and	salaries	2,729

10	Tangible fixed asset	s
			Leasehold	Plant and	Total
			improvements	equipment
	Cost
	At 29 February 2020		29,436		29,436
	Additions			18,561	18,561
	At 28 February 2021		29,436	18,561	47,997
	Depreciation and impairment
	At 29 February 2020		10,011	4,640	14,651
	Depreciation charged	in the year	2,944	4,640	7,584
	At 28 February 2021		12,955	9,280	22,235
	Carrying amount
	At 28 February 2021		16,481	9,281	25,762
	At 28 February 2020		19,424	13,921	33,345
11	Stocks
				2021	2020
	Finished goods and goods for resale			1,739	3,282

12	Debtors
				2021	2020
	Amounts falling due		within one year:
	Prepayments	and accrued income		20,778
13	Creditors: amounts		falling due within one year
				2021	2020
	Accruals and	deferred	income	3,950	2,303
14	Creditors: amounts		falling due after more than one year
				2021	2020
	Loan			35,861

				Movement	in funds		Movement	in funds
				Incoming	Resources	Balance at	Incoming	Resources	Balance at
				resources	expended	29 February	resources	expended	28 February
						2020			2021
Kitchen	project			8,788	(8,788)
Development		works		15,245	(15,245)
Power to Change							20,000		20,000
Culture	Recovery		Fund for
Heritage							35,100	(15,656)	19,444
Heritage	Lottery		Fund				25,000	(8,925)	16,075
Co-op Community			Fund				1,417		1,417
Community		Revenue
Grant							1,400		1,400
				24,033	(24,033)		82,917	(24,581)	58,336

		Balance at	Transfers	Balance at
		29 February		28 February
		2020		2021f
Contingency	fund		30,000	30,000
			30,000	30,000

17	Analysis of net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
			F			F	F
	Fund balances at 28
	February 2021 are
	represented by:
	Tangible assets	25,762		25,762	33,345		33,345
	Current assets/
	(liabilities)	51,887	58,336	110,223	69,380		69,380
	Long term liabilities	(35,861)		(35,861)
		41,788	58,336	100,124	102,725		102,725