2022-02-28-accounts

Trustees	John Davis
	Tina Goodman
	Darrell Hegerty
	Fiona Martin
	Sean Shaw
	Mark Wilkinson
	Jan Wing
	John Wing
Secretary	Jan Wing
Charity number	276998
Company number	01393436
Registered office	Southern Makings
	Kibes Lane
	Ware
	Hertfordshire
	SG12 7DE
Independent examiner	Gary Howard FCA
	Howard Wilson Chartered Accountants
	36 Crown Rise
	Watford
	Hertfordshire
	WD25 ONE
Bankers	CAF Bank
	25 Kings Hill Avenue
	West Mailing
	Kent
	ME19 4JQ

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
	Notes
Income from:
Donations and legacies	3	22,087	-	22,087	46,697	-	46,697
Charitable activities	4	108,639	69,970	178,609	19,310	82,917	102,227
Investments	5	4		4	32		32
			_			_
Total income		130,730	69,970	200,700	66,039	82,917	148,956
Expenditure on:
Raising funds		33,080	19,31952,399		6,914	133	7,047
Charitable activities		38,794	60,109	98,903	120,062	24,448	144,510
Total expenditure		71,874	79,428	151,302	126,976	24,581	151,557
Net incoming/
(outgoing) resources
before transfers		58,856	(9,458)	49,398	(60,937)	58,336	(2,601)
Gross transfers
between funds		11,710	(11,710)
Net income/(expenditure)
for the year/
Net movement in funds		70,566	(21,168)	49,398	(60,937)	58,336	(2,601)
Fund balances at 1
March 2021		41,78858,336		100,124	102,725		102,725
Fund balances at 28
February 2022		112,35437,168		149,52241,78858,336			100,124

		20222021	20222021
	Notes
Fixed assets
Tangible assets	10	26,942	25,762
Current assets
Stocks	11	1,739	1,739
Debtors	12	37,213	20,778
Cash at bank and in hand		122,387	91,656
		161,339	114,173
Creditors: amounts falling due within
one year	13	(4,886)	(3,950)
Net current assets		156,453	110,223
Total assets less current liabilities		182,395	135,985
Creditors: amounts falling due after
more than one year	14	(32,873)	(35,861)
Net assets		149,522	100,124
Income funds
Restricted funds1537,16858,336
Unrestricted funds
Designated funds16		67,000	30,000
General unrestricted funds		45,354	11,788
		112,354	41,788
		149,522	100,124

	Unrestricted	Unrestricted
	funds	funds
	2022	2021
Donations and gifts Grants receivable	3,894 18,193	9,483 37,214
	22,087	46,697

Donations and legacies		(Continued)
Grants receivable for core activities
Covid19 grants - East Herts Council	18,19337,214
	18,19337,214
Charitable activities
	Arts Centre	Arts Centre
	Operation	Operation
	2022	2021
Performance related grants	72,585	82,917
Events income	99,060	5,629
Hire income	6,964	13,681
	178,609	102,227
Analysis by fund
Unrestricted funds	108,639	19,310
Restricted funds	69,970	82,917
	178,609	102,227
Performance related grants
Culture Recovery Fund for Heritage	46,650	35,100
Heritage Lottery Fund	-	25,000
East Herts Council	10,100	1,400
Power to Change Trust	-	20,000
Awards for All	10,000	-
Hertfordshire Community Foundation	3,220	-
Other	2,615	1,417
	72,585	82,917
Investments
	Unrestricted	Unrestricted
	funds	funds
	2022	2021
Interest receivable	4	32

Raising funds
	UnrestrictedRestricted	Total	Unrestricted	Restricted	Total
	fundsfunds		funds	funds
	20222022	2022	2021	2021	2021
Fundraisina and publicity
Events costs	19,319 33,080	52,399	6,914	133	7,047
	19,319 33,080	52,399	6,914	133	7,047
Charitable activities

	Arts Centre	Arts Centre
	Operation	Operation
	2022	2021
Staff costs	20,375	2,729
Depreciation and impairment	8,768	7,584
Premises costs	19,501	16,660
Insurance costs	1,259	3,200
Repairs and maintenance costs	14,078	7,383
Office costs	2,678	-
Computer costs	5,586	-
Travel and subsistence costs	305	-
General expenses	2,697	2,916
Consultancy	2,825	8,640
Governance costs	2,220	-
Development costs	18,611	95,398
	98,903	144,510
Analysis by fund
Unrestricted funds	38,794	120,062
Restricted funds	60,109	24,448
	98,903	144,510
Governance costs comprise fees paid to the independent examiner.

			2022	2021
			Number	Number
	Directors/Trustees		11	11
	Employment costs		2022	2021
	Wages and salaries		20,375	2,729
	There were no employees whose annual remuneration was 60,000 or more.
10	Tangible fixed assets
		Leasehold	Plant and	Total
		improvements	equipment
	Cost
	At 1 March 2021	29,436	18,561	47,997
	Additions	-	8,950	8,950
	At 28 February 2022	29,436	27,511	56,947
	Depreciation and impairment
	At 1 March 2021	12,955	9,281	22,236
	Depreciation charged in the year	2,944	5,825	8,769
	At 28 February 2022	15,899	15,106	31,005
	Carrying amount
	At 28 February 2022	13,537	12,405	25,942
	At 28 February 2021	16,481	9,281	25,762
11	Stocks
			2022	2021
	Finished goods and goods for resale		1,739	1,739

12	Debtors
		2022	2021
	Amounts falling due within one year:
	Trade debtors	1,232
	Other debtors	2,438
	Prepayments and accrued income	33,543	20,778
		37,213	20,778
13	Creditors: amounts falling due within one year
		2022	2021
	Loan	2,988
	Accruals and deferred income	1,898	3,950
		4,886	3,950
14	Creditors: amounts ^^lling due after more than one year
		2022	2021
	Loan	32,873	35,861
	The loan is from East Herts Council and is in respect of building works at the Centre which were paid for
	by the Council on the charity's behalf. The loan is due to be repaid over a three year period in equal
	instalments commencing 1 December 2022.

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	Transfers	Balance at	Transfers	Balance at
		1 March 2021		28 February
				2022
Contingency fund	30,000	30,000		30,000
Essential Works Fund			17,000	17,000
Grain Store Repair Fund			20,000	20,000
	30,000	30,000	37,000	67,000

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2022	2022	2022	2021	2021	2021
Fund balances at 28
February 2022 are
represented by:
Tangible assets	25,942	-	25,942	25,762	-	25,762
Current assets/
(liabilities)	119,285	37,168	156,453	51,887	58,336	110,223
Long term liabilities	(32,873)	-	(32,873)	(35,861)	-	(35,861)
	112,354	37,168	149,522	41,788	58,336	100,124