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|Trustees report||1-4|
|Statement oftrustees|responsibilities||
|independent
examiner's
report|||
|Statement
offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|9-19|
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|||||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|
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|||||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|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||6||
|Income|from listed investments|4,572|3,980|
|Interest|receivable|188|77|
|||4,760|4,057|
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||r
d||
|---|---|---|
|Investment|management|costs|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023
6|2022f|
|5,217|5,530|
|5,217|5,530|
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|||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|
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|||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||
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|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|
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|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|
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|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|
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|||||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|
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||||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.|||||
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|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|
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