| Page | ||
|---|---|---|
| Trustees report | 1-4 | |
| Statement oftrustees | responsibilities | |
| independent examiner's report |
||
| Statement offinancial |
activities | |
| Balance sheet | ||
| Notes to the financial | statements | 9-19 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2023 | 2022 | ||||
| Notes | 6 | ||||
| Iggggt~fr m |
|||||
| Donations and legacies |
18,000 | ||||
| Charitable activities |
49,405 | 62,546 | |||
| Investments | 4,760 | 4,057 | |||
| Total income | 54,165 | 84,603 | |||
| Raising funds | 5,217 | 5,530 | |||
| Charitable activities |
106,074 | 93,110 | |||
| Total resources expended | 111,291 | 98,640 | |||
| Net gains/(losses) | on investments | (24,309) | 18,352 | ||
| Net (outgoing)/incoming | resources | (81,435) | 4,315 | ||
| Other recognised | gains and losses | ||||
| Revaluation oftangible |
fixed assets | (203,227) | |||
| Net movement in |
funds | (284,662) | 4,315 | ||
| Fund balances at 1 April | 2022 | 954,182 | 949,867 | ||
| Fund balances at | 31 March 2023 | 669,520 | 954,182 |
| Total | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2023 6 |
2022f | ||||
| Grants | 18,000 | ||||
| Grants receivable | |||||
| Herefordshire | County Council | 18,000 | |||
| 18,000 | |||||
| 4 | Charitable | activities | |||
| 2023 | 2022 | ||||
| 6 | |||||
| Hall hire | 49,405 | 62,546 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| 6 | |||
| Income | from listed investments | 4,572 | 3,980 |
| Interest | receivable | 188 | 77 |
| 4,760 | 4,057 |
| r d |
||
|---|---|---|
| Investment | management | costs |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2023 6 |
2022f |
| 5,217 | 5,530 |
| 5,217 | 5,530 |
| 2023 | 2022 | ||
|---|---|---|---|
| Depreciation and impairment |
27,635 | 34,195 | |
| Other concert costs | 11,594 | 12,575 | |
| Insurance | 4,569 | 4,381 | |
| Light and heat | 16,681 | 18,065 | |
| Rent, rates and water | 3,181 | 1,492 | |
| Repairs and maintenance | 7,128 | 10,703 | |
| Stationery and advertising | 3,696 | 8 | |
| Donations | 20,440 | ||
| 94,924 | 81,419 | ||
| Share of support costs (see note 8) | 8,150 | 8,976 | |
| Share ofgovernance | costs (see note 8) | 3,000 | 2,715 |
| 106,074 | 93,110 |
| Support | Governance | 2023 | 2022 | Basis ofallocation | ||
|---|---|---|---|---|---|---|
| costs | costs | |||||
| f | f | |||||
| Bank charges | 15 | 15 | 7 | Direct | ||
| Professional | fees | 295 | Direct | |||
| Administration | 8,135 | 8,135 | 8,674 | Direct | ||
| Accountancy | fees | 3,000 | 3,000 | 2,715 | Governance | |
| 8,150 | 3,000 | 11,150 | 11,691 | |||
| Analysed between |
||||||
| Charitable activities |
8,150 | 3,000 | 11,150 | 11,691 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
|||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| f | f | |||
| Revaluation | of | investments | (26,275) | 11,204 |
| Gain/(loss) | on | sale of investments | 1,966 | 7,148 |
| (24,309) | 18,352 |
| Tangible fixed assets | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Arts centre | Fixtures and | Total | |||
| fittings | |||||
| 6 | 6 | ||||
| Cost or valuation | |||||
| At 1 April 2022 | 1,304,248 | 294,326 | 1,598,574 | ||
| Revaluation | (979,248) | (979,248) | |||
| At 31 March | 2023 | 325,000 | 294,326 | 619,326 | |
| Depreciation | and impairment | ||||
| At 1 April 2022 | 749,936 | 285,365 | 1,035,301 | ||
| Depreciation | charged | in the year | 26,084 | 1,550 | 27,634 |
| Revaluation | (776,020) | - | (776,020) | ||
| At 31 March | 2023 | 286,915 | 286,915 | ||
| Carrying amount |
|||||
| At 31 March | 2023 | 325,000 | 7,411 | 332,411 | |
| At 31 March | 2022 | 554,312 | 8,961 | 563,273 |
| 14 | Fixed asset investments | Fixed asset investments | Fixed asset investments | |||||
|---|---|---|---|---|---|---|---|---|
| Other | Cash in |
Total | ||||||
| investments | porffolio | |||||||
| Cost orvaluation | ||||||||
| At 1 April 2022 | 396,203 | 8,719 | 404,922 | |||||
| Additions | 39,547 | 39,547 | ||||||
| Valuation changes |
(24,309) | (24,309) | ||||||
| Cash movement | (349) | (349) | ||||||
| Disposals | (39,767) | (39,767) | ||||||
| At 31 March 2023 | 371,674 | 8,370 | 380,044 | |||||
| Carrying amount |
||||||||
| At 31 March 2023 | 371,674 | 8,370 | 380,044 | |||||
| At 31 March 2022 | 396,203 | 8,719 | 404,922 | |||||
| 15 | Financial instruments | 2023 | 2022 | |||||
| E | E | |||||||
| Carrying amount |
of | financial assets | ||||||
| Equity instruments | measured | at fair value through | profit and loss | 380,044 | 404,922 | |||
| 16 | Debtors | |||||||
| 2023 | 2022 | |||||||
| Amounts falling due |
within | one year: | E | F | ||||
| Trade debtors | 10,395 | 8,801 | ||||||
| Prepayments and |
accrued income | 3,448 | 3,955 | |||||
| 13,843 | 12,756 | |||||||
| 17 | Creditors: amounts | falling | due within one year | |||||
| 2023 | 2022 | |||||||
| Notes | E | E | ||||||
| Other taxation and | social security | 723 | 1,298 | |||||
| Deferred income | 18 | 826 | ||||||
| Trade creditors | 3,515 | 4,131 | ||||||
| Other creditors | 77,823 | 103,886 | ||||||
| Accruals | 3,711 | 4,961 | ||||||
| 85,772 | 115,102 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| f | |||||
| Arising from hall | hire | 826 | |||
| Deferred income | is included | in the financial statements | as follows: | ||
| 2023 | 2022f | ||||
| Deferred income | is included | within: | |||
| Current liabilities |
826 | ||||
| Movements in the year: |
|||||
| Balance brought | forward | 826 | 3,115 | ||
| Released to income | (49,405) | (62,546) | |||
| Income received | 48,579 | 60,257 | |||
| Balance carried | forward | 826 |
| Balance at | Resources | Resources | Balance at | Balance at | Resources | Revaluations, | Balance at | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 April 2021 | expended | 1April | 2022 | expended | gains and | 31 | March 2023 | ||||
| losses | |||||||||||
| f | f | f | |||||||||
| Fixed asset | fund | 597,470 | (34,197) | 563,273 | (27,635) | (203,227) | 332,411 | ||||
| 597,470 | (34,197) | 563,273 | (27,635) | (203,227) | 332,411 | ||||||
| In order to | fulfil | its objectives the charity | needs | the centre and | other assets. These | properties, | although they |
||||
| are unrestricted | assets | cannot be realised | without undermining |
the charity's work, and the trustees |
feel that it |
||||||
| is therefore | appropriate | to reflect the investment | in fixed assets | by means ofa designated fund. |
| 20 | Analysis of | net assets | between | funds | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Total Unrestricted | Designated | Total | |||||
| funds | funds | funds | funds | ||||||
| 2023 f |
2023 f |
2023 f |
2022 f |
2022 f |
2022f | ||||
| Fund balances at 31 | |||||||||
| March 2023 | are | ||||||||
| represented | by: | ||||||||
| Tangible assets | 332,411 | 332,411 | 563,273 | 563,273 | |||||
| investments | 380,044 | 380,044 | 404,922 | 404,922 | |||||
| Current assets/(liabilities) | (42,935) | (42,935) | (14,013) | (14,013) | |||||
| 337,109 | 332,411 | 669,520 | 390,909 | 563,273 | 954,182 |