2021-08-31-accounts

		PAGES
CHARITY REFERENCE AND ADMINISTRATIVE	DETAILS
DIRECTORS' REPORT		2 —20
INDEPENDENT EXAMINERS' REPORT		21
STATEMENT OF FINANCIAL ACTIVITIES		22
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES		23
BALANCE SHEET		24
NOTES TO THE FINANCIAL STATEMENTS		25 —34

CHARITY NUMBER:	CHARITY NUMBER:	CHARITY NUMBER:	CHARITY NUMBER:	1086640
COMPANY	NUMBER:			4102182
OPERATING		NAME:		The Gap
DIRECTORS:				Mr Harry Moy			(Chair to 20 January 2022)
				Mr Edward Terrey			(appointed	20 January 2021)
							(Chair from	20 January 2022)
				Mr Jonathan Temple			(Vice-Chair)
				Mrs Diane Davies			(Treasurer)
				Mr Andrew Baugh			(resigned 23 September 2020)
				Ms Jan Weston
				Ms Nicola Harris
				Ms Christine Cherry			(appointed	23June 2021)
REGISTERED			OFFICE:	39Oakwood Grove
				Warwick
				CV34 5TD
INDEPENDENT			EXAMINER:	Mark Harwood	FCA FMAAT
				Michael Hatwood		8 Co
				Greville House
				10Jury Street
				Warwick
				Warwickshire
				CV34 4EW
BANKERS:				CAF Bank
				25 Kings Hill Avenue
				Kings Hill
				West Mailing
				ME194JQ

				Note	Unrestricted	Restricted	31.08.21
income and Endowments			from:
Donations 8 legacies					102,740	65,617	168,357
Charitable activities					19,796	2,575	22,371
Other trading activities					567		567
Investments					10		10
Coronavirus grants					52,848		52,848
Total income and	endowments				175,961	68,192	244,153
Expenditure on:
Raising funds					12,202		12,202
Charitable activities					173,100	52,517	225,617
Total expenditure					185,302	52,517	237,819
Net income/(expenditure)			for the year		(9,341)	15,675	6,334
Transfers between	funds				3,553	(3,553)
Net movement in	funds		for the year		(5,788)	12,122	6,334
Fund balances brought		forward			96,203	45,831	142,034
Fund balances at	31"August 2021				90,415	57,953	148,368

				Note	Unrestricted	Restricted	31.08.20
Income and Endowments			from:
Donations 8 legacies					85,335	43,819	129,154
Charitable activities					26,473	9,347	35,820
Other trading activities					410	1,293	1,703
Investments					150		150
Coronavirus grants					32,744		32,744
Total income and	endowments				145,112	54,459	199,571
Expenditure on:
Raising funds					7,955		7,955
Charitable activities					126,857	53,389	180,246
Total expenditure					134,812	53,389	188,201
Net income/(expenditure)			for the year		10,300	1,070	11,370
Transfers between	funds				14,418	(14,418)
Net movement in	funds		for the year		24,718	(13,348)	11,370
Fund balances brought		forward			71,485	59,179	130,664
Fund balances at	31"August 2020				96,203	45,831	142,034

					2021		2020
				Note
Fixed assets
Tangible assets						15,014		16,095
Current assets
Debtors					15,431		4,080
Cash at bank	and	in hand			126,339		129,199
Total current	assets				141,770		133,279
Current liabilities
Creditors				10	(8,416)		(7,340)
Net current assets						133,354		125,939
Total assets	less	current	liabilities			148,368		142,034
Funds ofthe	Charity:
Restricted funds						57,953		45,831
Unrestricted	funds					90,415		96,203
Total charity	funds					148,368		142,034

2.	DONATIONS AND LEG	ACI	ES	(	con	tinu	ed)
							Unrestricted	Restricted	2021	2020
							E	E	f.
	Brought forward						1,923		1,923	1,799
	Revenue grants from government					and	public bodies:
	Warwick Town Council									4,055
	Warwick District Council						2,774	30,000	32,774	32,500
	Warwick County Council						9,876	29,617	39,493	4,050
	Total public-sector revenue		grants				12,650	59,617	72,267	40,605
	Revenue grants and donations				from non-public bodies:
	29~ May 1961Trust						2,000		2,000	2,000
	WRIN						48,000	1,850	49,850	48,000
	Children in Need						10,000		10,000	7,500
	King Henry Vill						10,000		10,000
	Woodloes CC									500
	WCC Community Forum									720
	Heart of England						12,000	4,000	16,000	1,500
	Garfield Weston									10,000
	The Sheldon Trust						3,000		3,000
	The Challenge Network						318		318
	Warwickshire CAVA						1,000		1,000
	Chase Meadow Community		Centre				1,849		1,849
	JC Seccombe Charitable	Trust						150	150
	UK Youth									7,680
	Michael Marsh Trust									2,000
	Severn Trent pic									5,000
	All Saints Mission House									1,850
	Total charitable-sector	revenue			grants		88,167	6,000	94,167	86,750
	Total donations and legacies						102,740	65,617	168,357	129,154
3.	INCOME FROM CHARITABLE			ACTIVITIES
							Unrestricted	Restricted	2021	2020
							E			f.
	Sale ofgoods and services						2,691	2,575	5,266	7,945
	Room hire						17,105		17,105	27,875
	Total income from charitable			activities			19,796	2,575	22,371	35,820

			Unrestricted E	Restricted f	2021 F	2020
Furlough JRS grants			14,216		14,216	7,744
Council grants			38,632		38,632	25,000
Total Coronavirus		grants	52,848		52,848	32,744
EXPENDITURE ON		CHARITABLE	ACTIVITIES
			Unrestricted	Restricted	2021	2020
			E	E	F
Direct spending
Gross wages and	salaries		63,433	29,400	92,833	85,205
Employer's Nl			1,877	353	2,230	3,530
Pension costs			3,015	524	3,539	2,812
Travel and subsistence			100	180	280	772
Project costs			37,867	13,990	51,857	26,578
Resource costs						785
Refreshments			66	37	103	563
Subcontract payments			204	800	1,004	2,567
Total direct spending			106,562	45,284	151,846	122,812
Support costs
Employee costs:
Gross wages and	salaries		22,256		22,256	19,293
Employer's Nl			332		332
Pension costs			504		504
Training and welfare			1,546	3,250	4,796	995
Volunteer costs			115		115	504
Premises expenses:
Rent			6,900		6,900	6,900
Rates and water			1,291		1,291	2,082
Room hire						312
Light, heat and power			5,605		5,605	4,038
Cleaning and waste		management	1,978		1,978	3,317
Repairs, renewals	and maintenance		10,944	729	11,673	(625)
Carried forward			51,471	3,979	55,450	36,816

			Unrestricted	Restricted	2021	2020
			E	E
Brought forward			51,471	3,979	55,450	36,816
Administrative overheads:
Telephone, fax and	internet		659	339	998	518
Stationery and printing			564		564	1,640
Equipment leasing			1,980		1,980	1,366
Computer costs			977	160	1,137	737
Advertising and marketing			252	323	575	692
Insurance			2,114		2,114	2,442
Sundry expenses			547	142	689	1,666
Admin costs			1,422	104	1,526	947
Consumables			596	156	752	3,323
Bad debts			978	70	1,048	939
Professional fees:
Independent examination		fees	2,400		2,400	2,340
Monitoring fees			720		720	720
Other legal and professional			293		293	175
Financial costs:
Bank charges			84		84	60
Depreciation			1,481	1,960	3,441	3,053
Total support costs			66,538	7,233	73771	57,434
Total expenditure activities	on charitable		173,100	52„517	225,617	180,246
EMPLOYEE EMOLUMENTS
					2021	2020
					E	F
Gross wages					163,511	138,966
Social security costs					2,562	3,530
Pension costs					4,043	2,812
Total salaries, wages and related			costs		170,116	145,308
Average number of	emplo	yees			15	15

8.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
			Land &	Plant &	Computer
			Buildings	Machinery	Equipment	Total
				E
	COST
	At 1"September 2020		16,908	18,046	2,338	37,292
	Additions				2,360	2,360
	Disposals
	At 31"August	2021	16,908	18,046	4,698	39,652
	DEPRECIATION
	At 1"September 2020		5,415	14,223	1,559	21,197
	Charge for the	year	919	956	1,566	3,441
	Eliminated on	disposal
	At 31"August	2021	6,334	15,179	3,125	24,638
	NET BOOK VALUE
	At 31"August	2021	10,574	2,867	1,573	15,014
	At 31"August	2020	11,493	3,823	779	16,095
9.	DEBTORS
					2021f	2020
	Trade debtors				12,045	1,185
	Prepayments	and accrued income			3,386	2,895
					15,431	4,080
10.	CREDITORS:
	AMOUNTS FALLING DUE WITHIN		ONE YEAR
					2021 E	2020f
	Trade creditors				4,607
	Accruals				2,400	2,340
	Social security	and other taxes			1,409
	Other creditors					5,000
					8,416	7,340

11.	MOVEMENT	ON	FUNDS	FUNDS
					Balance at	Income	Expenditure		Balance at
					01.09.2020	in year	in year	Transfers	31.08.2021
						F	E		E
	Unrestricted	&designated			funds
	Unrestricted revenue			funds	96,203	175,961	(185,302)	3,553	90,415
	Total unrestricted		funds		96,203	175,961	(185,302)	3,553	90,415
	Restricted funds
	Building Fund				1,993	1,850		(1,993)	1,850
	Catering				6,576	50	(8,221)	4,361	2,766
	Club 11				547		(137)		410
	Computers				1,065		(861)	1,436	1,640
	Friday Friends				247				247
	GapCook				261		(48)	(213)
	GapGlobal				3,318		(36)	(2,281)	1,001
	GapGo				2,696	24	(819)		1,901
	HoE Doing Things		Differently			4,000	(471)	(3,529)
	Live Life				4,574	314	(1,492)	4,349	7,745
	Older People				2,878	202	(467)	(16)	2,597
	NG Volunteer	Coordination
	Spark WW				436				436
	Toilets				6,976		(558)		6,418
	Warwick West	2			514		(398)	(116)
	Warwick West	2020/21			10,093	30,831	(35,751)	(4,607)	566
	WCC Youth Work		Fund			29,617		(896)	28,721
	Web/Promotion				253		(194)		59
	Woodloes Project				1,037		(144)		893
	Youth Activities				2,367	1,304	(2,920)	(48)	703
	Total restricted funds				45,831	68,192	(52,517)	(3,553)	57,953
	Total charity	funds			142,034	244,153	(237,819)		148,368

ANALYSIS	OF	NET ASSETS	BETWEEN FUNDS
			Tangible	Current	Current
			Fixed Assets R	Assets	Liabilitiesf	Total
At 31"August		2021
Restricted	funds		9,081	50,919	(2,047)	57,953
Unrestricted	funds		5,933	90,851	(6,369)	90,415
			15,014	141,770	(8,416)	148,368
At31"August		2020
Restricted	funds		9,651	36,179		45,830
Unrestricted	funds		6,444	97,100	(7,340)	96,203
			16,095	133,279	(7,340)	142,034