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2021-12-31-accounts

Trustees' report
Reference and administrative	details
Structure, governance and management
Objectives and activities
Review ofachievements public benefit for the year
Financial review and results	for the year	12
Reserves policy		13
Investinent policy		13
Plans for future years		14
Statement ofTrustees' responsibilities		15
Statement ofdisclosure to examiner		16
Independent Examiner's report		17
Statement offinancial activities
Balance sheet		19
Statement ofcash flows		20
Notes to the financial statements		21-29

Registered	name			Ludgvan Community	Childcare	Childcare	Centre Limited
Charity registration		number		1057410
Company	registration		number	03180353
0fsted registration		numbers		103172(Ludgvan)
				2496718 (Marazion)
Trustees
The Trustees at 31st			December 2021	Zoe Curnow
				Mark Fletcher
				Juliette George
				Joanne Laity
				Sarah McNaughton-James
				Canon Nigel Marns
				Sarah Oliver (nee Taylor)
				Caroline Peers (appointed		11February 2021)
				Richard Sargeant
				Linda Taylor
				Lorna Trudgeon

						2021	2020
				Unrestricted	Restricted	Total	Total
Income and	endowments	from:	Note
Charitable	activities			607,579		607,579	618,510
Donations	and legacies			2,556		2,556	5,798
				610,135		610,135	624,308
Investment	income					86	72
Other income				559		559	1,098
Total				610,780		610,780	625,478
Expenditure	on:
Charitable	activities
Charitable	activities			590,950		590,950	548,884
Governance				11,324		11,324	5,347
Total				602,274		602,274	554,231
Net income for year				8,506		8,506	71,247
Transfers between funds
Net movement	in funds			8,506		8,506	71,247
Total funds brought forward				111,844		111,844	40,597
Total funds carried forward				120,350		120,350	111,844

t 31December	2021
				2021	2020
Fixed assets			Note
Tangible assets			14	204	3,164
				204	3,164
Current assets
Debtors			15	24,282	27,585
Cash in hand and at bank				105,658	90,399
				129,940	117,984
Creditors
Amounts falling due within		one year	16	(9,794)	(9,304)
Net current assets				120,146	108,680
Total assets less current liabilities				120,350	111,844
Funds			18
Designated capital fund				204	3,164
Unrestricted general	fund			120,146	108,680
Total funds				120,350	111,844

			2021	2020
Cash flow	from operating	activities	15,345	73,467
Cash flow	from investing	activities
Investment	income		(86)	(72)
			(86)	(72)
Net change	in cash and cash equivalents		15,259	73,395
Cash and	cash equivalents	at the start ofthe year	90,399	17,004
Cash and	cash equivalents	at the end ofthe year	105,658	90,399

			2021	2020
Net income for the year			8,506	71,247
Adjusted	for:
Fixed asset depreciation			2,960	2,960
Investment	income		86	72
Movement	in debtors		3,303	1,782
Movement	in creditors		490	(2,594)
Cash flow	from operating	activities	15,345	73,467

2.	Income	from			charit	able	activities
										2021	2020
								Unrestricted	Restricted	Total	Total
	Fees for childcare				provision			255,504		255,504	186,993
	Funding	for core			provision			338,470		338,470	320,357
	Grant Funding:			Awards		for All					3,975
	Grant Funding:			Job Retention			Scheme	13,605		13,605	107,185
								607,579		607,579	618,510
	2020							614,535	3,975	618,510
3.	Income	from		donations			and fundraising
								2021		2020
								Total		Unrestricted
	Donations							56		52
	Fundraising							2,500		5,746
								2,556		5,798
4.	Investment		income
								2021		2020
								Total		Unrestricted
	Bank interest									72
								86		72
5.	Other income
								2021		2020
								Total		Unrestricted
	Income fiom feed in tariff							559		1,098
								559		1,098

Expenditu	re	on char	itable activiti	es
						2021	2020
				Unrestricted	Restricted	Total	Total
Wages				477,215		477,215	462,398
Training				2,394		2,394	3,414
Direct costs of		providing	childcare	31,804		31,804	21,094
Awards for	All	expenses					4,041
Repairs and maintenance				27,228		27,228	18,990
Utilities				10,061		10,061	7,965
IT				6, 100		6,100	4,184
Cleaning				15,189		15,189	9,017
Advertising				165		165	46
Insurance				5,020		5,020	4,675
Telephone	and	broadband		4,312		4,312	4,443
Stationery	and	postage		5,961		5,961	4,104
Bank charges				272		272	318
Miscellaneous				2,269		2,269	1,235
Depreciation				2,960		2,960	2,960
				590,950		590,950	548,884
2020				544,843	4,041	548,884
Governan	ce	costs
				2021		2020
				Total		Unrestricted
Legal 8c Professional				9,724		3,907
Independent	examination			1,600		1,440
				11,324		5,347

This is state	d after charging:
		2021	2020
		Total	Total
Independent	examination	1,600	1,440
Depreciation		2,960	2,960

	2021	2020
Wages	442,605	432,599
Social security costs	23,109	19,923
Pension costs	11,501	9,876
	477,215	462,398

		Fixtures &
		Fittings
Cost
At 1st January	and 31st December 2021	11,968
Depreciation
At 1st January	2021	8,804
Disposals
Charge for the	year	2,960
At 31st December 2021		11,764
Net book value
At 31stDecember 2021		204
At 31st December 2020		3,165

Debtors
		2021	2020
		Total	Total
Income due for outstanding	fees	22,374	25,787
Prepaid expenditure		1,908	1,798
		24,282	27,585
Creditors
Amounts falling due within one year
		2021	2020
		Total	Total
Trade creditors		(2,225)	(2,521)
Accruals		(1,600)
Taxation and social security		(5,969)	(6,783)
		(9,794)	(9,304)

			2021	2020
Operating	leases	commitments
Payable	within	one year	2,000	2,000
Payable	within	one to two years	2,000	2,000
Payable	within	two to five years	6,000	6,000
			10,000	10,000

			Balance at 1st Jan 2021	Incoming Resources	Resources Expended	Transfers	Balance at 31 Dec 2021
Restricted
Designated	capital	fund	3,164			(2,960)	204
General			108,680	610,780	(602,274)	2,960	120,146
			111,844	610,780	(602,274)		120,350

Net assets by fund	2021
	Restricted	Unrestricted
	funds	funds
Tangible assets		204
Net current assets		120,146
		120,350

			Restricted	Unrestricted	2019
			funds	funds
Tangible	assets			3,164	6, 124
Net current		assets		108,680	30,498
				111,844	36,622