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2021-03-31-accounts

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

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
		Notes	6	6
~tecum f gm:
Donations and legacies			6,668
Charibrble activities			22,244	53,314
Investments			3,936	10,065
Total income			32,848	63,379
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Raising funds			14,236	5,412
Charitable activities			86,629	92,043
Other			6,742
Total resources expended			107,607	97,455
Net gains/(losses)	on investments	12	52,758	(30,059)
Net movement in	funds		(22,001)	(64,135)
Fund balances at 1 April 2020			971,868	1,036,003
Fund balances at	31 March 2021		949,867	971,868

								2021	2020
				Notes				6	6
Fixed assets
Tangible assets Investments					13 14			597,470 388,118		838,601 345,984
								985,588		984,585
Current assets
Debtors Cash at bank snd in	hand				16		8,911 36,723		7,490 37,655
Creditors: amounts	falling due within						45,634		45,145
one year					17		(81,355)		(57,862)
Nei current liabiiilies								(35,721)		(12,717)
Total assets less current liabgltles								949,867		971,868
income funds
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Designated funds					18		597,470		638,601
General unrestricted	funds						352,397		333,267
								949.867		97LBBB
								949,867		971,888
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				Unrestricted	Total
				funds
				2021	2020
				5	5
	Grants			6,668
	Grants receivable
	Herefordshire		County Council	6,668
				6,668
4	Charitable	activities
				2021	2020
				6
	Hall hire			22,244	53,314

		Unrestricted	Unrestricted
		funds	funds
		2021f	2020
Income	from listed investments	3,908	10,038
Interest	receivable	30	29
		3,936	10,065

				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				6	6
Costs ofraisin funds
Investment	management		costs	14,236	5,412
				14,236	5,412
Charitable	activities
				2021	2020
					6
Depreciation	and impairment			34,389	34,288
Other concert costs				4,668	9,893
Insurance				3,427	3,315
Light and heat				14,292	12,431
Rent, rates	and water			130	5,466
Repairs and	maintenance			12,490	13,497
Donations				9,000
				78,396	78,890
Share ofsupport costs (see note 8)				5,578	10,568
Share ofgovernance		costs (see note 8)		2,655	2,585
				86,629	92,043

Support costs
	Support	Governance	2021	2020	Basis ofallocation
	costs	costs
	E
Bank charges	7		7	27	Direct
Professional fees	295		295	295	Direct
Adminishation	5,276		5,276	10,246	Direct
Accountancy fees		2,655	2,655	2,585	Governance
	5,578	2,655	8,233	13,153
Analysed between
Charitable activities	5,578	2,655	8,233	13,153

		2021	2020
		Number	Number
	Total
11	Other
		Unrestricted	Total
		funds
			8
		2021	2020
	Net loss on disposal oftangible fixed assets	6,742
		6,742

12	Net gains	/(lo	sses) on	investments
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6	6
	Revaluation		of investments			48,443	(22,405)
	Gain/(loss)	on sale of		investments		4,315	(7,654)
						52,758	(30,059)
13	Tangible	fixed assets
					Arts centre	Fixtures and	Total
						fittings
					6	6
	Cost
	At 1 April 2020				1,314,163	350,279	1,664,442
	Disposals				(9,915)	(55,952)	(65,867)
	At 31 March		2021		1,304,248	294,327	1,598,575
	Depreciation		and impairment
	At 1 April	2020			700,938	324,903	1,025,841
	Depreciation		charged	in the year	26,085	8,304	34,389
	Eliminated	in	respect ofdisposals		(3,173)	(55,952)	(59,125)
	At 31 March		2021		723,850	277,255	1,001,105
	Carrying	amount
	At 31 March		2021		580,398	17,072	597,470
	At 31 March		2020		613,225	25,376	638,601

14	Fixed asset investments	Fixed asset investments	Fixed asset investments
						Other	Cash in	Total
						investments	portfolio
						F
	Cost or valuation
	At 1 April 2020					141,854	204,130	345,984
	Additions					195,528		195,528
	Valuation changes					52,758		52,758
	Cash movement						(196,413)	(196,413)
	Disposals					(9,739)		(9,739)
	At 31 March 2021					380,401	7,717	388,118
	Carrying amount
	At 31 March 2021					380,401	7,717	388,118
	At 31 March 2020					141,854	204,130	345,984
15	Financial instruments						2021	2020
							6	6
	Carrying amount	of	financial	assets
	Equity instruments	measured		at fair value though	profit	and loss	388,118	345,984
16	Debtors
							2021	2020
	Amounts falling due		within	one year:			5	6
	Trade debtors						7,304	6,446
	Other debtors							131
	Prepayments and	accrued income					1,607	913
							8,911	7,490
17	Creditors: amounts		falling due within one year
							2021	2020
								8
	Other taxation and	social security					216
	Trade creditors						1,271	628
	Other creditors						70,304	53,849
	Accruals and deferred		income				9,564	3,385
							81,355	57,862

				Balance at	Resources	Balance at	Resources	Transfers	Balance at
			1	April 2019	expended	1April 2020	expended	31	March 2021
					8	8	8		F
Fixed	asset	fund		672,889	(34,288)	638,601	(34,389)	(6,742)	597,470
				672,889	(34,288)	638,601	(34,389)	(6,742)	597,470

Analysis ofnet assets between funds
		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		8	6
Fund balances at 31 March 2021 are represented	by:
Tangible assets		597,470	638,601
Investments		388,118	345,984
Current assets/(liabilities)		(35,721)	(12,717)
		949,867	971,868