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2021-07-31-accounts

GONTENTS Page
General information 3
Trustees'report 4-9
Independent examiner's report 10
Statementoffinancial activities 11
Balance sheet 12
Notesto the accounts 13-19

In person Online Total
Arts andcrafts 38 24 62
Special interest
Languages
13
13
26I 39
22
nrolmentsonthe course s
were1,226(2020:
1,468),bro
2021 2020
Arts andcrafts 463 614
Special interest 620 520
Languages 143 334

Notes 2021 2020
FixedAssets
Tangible Assets
g 125,674 132,725
CurrentAssets
Debtors 1n 22,350 10,842
CashatBank and inhand 177,990 119,353
200,340 129,195
Creditors:amountsfallingduewithinoneyear 11 (8,430) (1,998)
NetCurrentAssets 191,910 127,197
TotalNetAssets __311-t_ *35epu
Representedby:
Unrestricted funds 12 258,179 208,420
Designated 12 5,000
Restricted funds 12 54,405 51,502
317,584 259,922

from taxation on its incomeand
purposes.
Donationsand legacies

gains where they are applied fori

tscharitable
UnrestrictedRestricted
2021
2021
Total
2021
Total
2019
Donations and legacies
Save Our SettlementAppeal
Grants
f€€l
3,015
7,500

28,036
-
47.415
19.585
79,466
27,085
10,515
28,036
67.000
105,551
7,771
83,466
91,237
Grants were madebythe follow ing:
Grantmaker UnrestrictedRestricted
€€t
TotalPurpose
North HertfordshireDistrict
Council
Letchworth CivicTrust
Culture RecoveryFundfor
Heritase
t
or
Letchworth GardenCitv
HeritageFoundation

-
2,000
25,000
-
7,41s17,s's
1
r5'000
-
,a.-..-..
2,000lTprovision
25,000Unrestricted
25,0003ll3::?1r,",
15'000unrestricted

TO THE ACCOUNTSFORTHEYEAR
lncomefrom charitable activities
ENDED31
JULY2021(continued
)
Total Total
2021 2020
e ^L
Feesfor courses 1',17,82',1 143,866
Membershio fees 1',1,125 9,961
Hirings 14,509 30,133
'143,455 G4999

Other income
Tptal Total
2021 2020
E
Otherincome 3,386 15,094
COVID-19 grants 1,365 33,741
4,751 48,835
lnvestmentincome
Total Total
2021t 2420t
Bank interest 15 351

Analysis of expenditure
Unrestricted Restricted Total Total
2021
2021
E
2021f 2020
e
Provisionofcourseand
other activities
Tutor fees 49,616 49,616 81,904
Costs of raising otherincome 372 372 4,814
Premisescosts 46,680 18,80; 65,486 45,420
Depreciation 12,771 5,375 19,146 14,900
Support costs 61,571 61,571 122,716
Governancecosts 9'19
171.929 24.181
919
196.110
2,868
___n2,622_
Support costs
Staffcosts 41,751 41,751 109,756
General officecosts 19,820 19,820 12,960
61.571 61,571 122,716
Governancecosts
Accountant's fees 2,506
Independent examiner's fee
Trustees liability insurance
g6; 36; 362
Other 557 557
919 919 2,868

Staff costs
Total Total
202', 2020
e
Remunerationpaidto employees 41,002 78,712
Social securitycosts 1,339
Pensioncosts 749 1,793
Redundancycosts 27,912
41,751 109,756
The average numberofemployees, calculated ona fulltime
equivalent basis,was
1.6 3

Fixtures
OfficeBuildingProperty
&fittingsequipmentimprove-improve-
ments
ments
Fixtures
OfficeBuildingProperty
&fittingsequipmentimprove-improve-
ments
ments
Total
e
Cost
At1Augusl2020
67,249 35,155167,329
45,890
315,623
Additions
At 31 July2021
2,414
69,263
9,081
44.236 167.32945,890
11.095
326.718
Depreciation
At1August2020
Charge for the year
At 31 July2021
36,377
6,182
42,559
31,906 68,725 45,890
5,806
6,158
-
37.71274.883
45,890
182,898
18.146
201,O44
Netbook value
At31July2021 26.704 6,524
92,446
12s.674
At July 31 2024 34,872 3,249
98,604
132,725

Debtors
Total Total
2021t 2020f
lncome tax recoverable 19,618 5,038
Other debtors 2,732 5,804
_-__lo,alz*
-*U350-
-*U350-
_
__,
Total Total
202',1
f
2020
f
_____q4q0 1,998


grantmaker.Therearet

wo restrictedfunds:
Propertyimprovements Tofundpropertyimprovements andisfully represented within
tangible fixedassets
Bursary froman Tofund various specified expenditure for capital items(which,
individual donor where applicable, are includedintangible fixed assets)and to
support othercosts
Balanceat
Balance at
'lAugust
31JulY
2020IncomeExpenditureTransfers
2021
eee€s
Unrestricted funds
Unrestricted funds
Designated funds
208,420_226,687_171,e2e-(?%%? '.3:ll3
208,420
226.687 171.929
-
263,178
Restrictedfunds
Property improvements 47,809
2,804
45,004
Bursary 3,693
7,500
1,792
9,401
External redecoration 17,585
17,585
lTprovision 51.50227.485
24,181
2,000
2,000
54,406
Totalfunds 259,922
253.772
{96,110
317,584