Colour Effects not showing up under effects panel anymore?

Hi,

After trashing my preferences due to an export issue, and then updating the app, the colour effects bar is not showing up under the Video Effects window like it did using the default layout. Using command-6 still pulls up the colour board but I cannot create masks or access it like I used to. The window now looks like this:

I know it's probably a simple fix but I can't figure it out.. Is there a way to restore factory settings?

Thanks for any help you can give me!

Joe