##
|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|
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|||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|
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|||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|
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||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|