# ## |||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| |gzQtttltlj19m oK||||| |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||||||||||| |IJggtggigtadtugtLfi||||||||||| |Designated
funds|||||18||597,470||638,601|| |General unrestricted|funds||||||352,397||333,267|| |||||||||949.867||97LBBB| |||||||||949,867||971,888| |Tfi
fi
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fifih|I|fifi|fi|fifitfi|fi|fi|**.**|...ft...iIIZ||| |G Reynolds
~Trustee||||||AJ|rm|~Trustee||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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| ## ## ##