|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|7|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes tothe Cash Flow Statement||||
|Notes to the Financial Statements|12|to|19|
|Detailed Statement of Financial Activities|20|to|21|
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||||for the Yea|r Ended 31March 2|021|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|6|E|E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||2,601|9,820|12,421|16,281|
|Charitable
activities||||||||
|Provision of a nursery|school|||487,464||487,464|571,527|
|Investment
income||||3,318||3,318|3,773|
|Otherincome||||89,594||89,594|3,754|
|Total||||582,977|9,820|592,797|595,335|
|EXPENDITURE ON||||||||
|Raising funds||||3,072||3,072|2,930|
|Charitable
activities||||||||
|Provision ofa nursery|school|||579,551|42,224|621,775|631,433|
|Total||||582,623|7,660|624,847|634,363|
|NET INCOME/(EXPENDITURE)||||354|(32,404)|(32,050)|(39,028)|
|RECONCILIATION
OF|FUNDS|||||||
|Total funds brought|forward|||263,386|459,628|723,014|762,042|
|TOTAL FUNDS CARRIED FORWARD||||263,740|427,224|690,964|723,014|
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|funds
6|funds
E|funds
6|fundsf|
|FIXEDASSETS||||||
|Tangible assets|14|118,644|438,116|556,760|601,745|
|CURRENT ASSETS||||||
|Debtors|15|53,727||53,727|60,490|
|Cash at bank and in hand||149,902|17,108|167,010|115,355|
|||203,629|17,108|220,737|175,845|
|CREDITORS||||||
|Amounts
falling due within one year|16|(16,499}|(28,000)|(44,499)|(54,576)|
|NET CURRENT ASSETS/(LIABILITIES)||187,130|(10,892)|176,238|121,269|
|TOTAL ASSETS LESSCURRENT LIABILITIES||305,774|427,224|732,998|723,014|
|CREDITORS||||||
|Amounts
falling due after more than one year|17|(42,034)||(42,034)||
|NET ASSETS||263,740|427,224|690,964|723,014|
|FUNDS|19|||||
|Unrestricted
funds||||263,740|263,386|
|Restricted funds||||427,224|459,628|
|TOTAL FUNDS||||690,964|723,014|
##
||||||Cash Flow Statement|||
|---|---|---|---|---|---|---|---|
|||||for the|Year Ended 31March 2021|||
|||||||2021|2020|
|||||Notes||E|6|
|Cash flows from operating|activities|||||||
|Cash generated
from operations||||||4,222|(318)|
|interest
paid||||||(919)||
|Net cash provided
by/(used|in) operating||activities|||3,303|(318)|
|Cash flows from investing|activities|||||||
|Purchase oftangible
fixed|assets|||||(1,008)|(2,769)|
|Sale oftangible fixed assets||||||360||
|Net cash used
in investing|activities|||||(648)|(2,769)|
|Cash flows from financing|activities|||||||
|New loans
in year||||||49,000||
|Net cash provided
by financing activities||||||49,000||
|Change
in cash and cash equivalents||in the||||||
|reporting
period||||||51,655|(3,087)|
|Cash and cash equivalents|at the beginning|||of||||
|the reporting
period||||||115,355|118,442|
|Cash and cash equivalents|at the end|ofthe||||||
|reporting
period||||||167,010|115,355|
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|RECONCILIATION|OF|NET EX|PEND|ITURE TO NET CASH FLOW FROM|OPERATING ACTIVI|TIES||
|---|---|---|---|---|---|---|---|
|||||||2021
6|2020f|
|Net expenditure|for|the reporting||period (as per the Statement of|Financial|||
|Activities)||||||(32,050)|(39,028)|
|Adjustments
for:||||||||
|Depreciation
charges||||||45,648|45,597|
|Profit on disposal|of|fixed assets||||(15)||
|Interest
paid||||||919||
|Decrease/(increase)||in debtors||||6,763|(6,194)|
|Decrease in creditors||||||(17,043)|(693)|
|Net cash provided|by/(used||in) operations|||4,222|(318)|
|ANALYSIS OF CHANGES IN NET FUNDS||||||||
|||||||Other||
|||||||non-cash||
|||||At 1.4.20|Cash flow|changes|At 31.3.21|
|||||6|6|f|6|
|Net cash||||||||
|Cash at bank and|in hand|||115,355|51,655||167,010|
|Debt||||||||
|Debts falling due within 1year||||||(6,966)|(6,966)|
|Debts falling due after 1year||||||(42,034)|(42,034)|
|||||||(49,000)|(49,000)|
|Total||||115,355|51,655|(49,000)|118,010|
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|DONATIONS|AND LEGACIES||||
|---|---|---|---|---|
||||2021|2020|
||||6|6|
|Donations|||653|2,250|
|Grants|||9,820||
|Cafe Income|||1,948|14,031|
||||12,421|16,281|
|During the year grant income of69,820 was received from the Lottery Community||Fund|in order to support the charity a||
|community|during the Covid-19 pandemic.||||
|INVESTMENT INCOME|||||
||||2021|2020|
||||f|E|
|Rents received|||3,318|3,773|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Activity|f|E|
|Nursery school fees|||Provision of a nursery school|469,165|526,060|
|Play club|||Provision of a nursery school|18,299|45,467|
|||||487,464|571,527|
|OTHER INCOME||||||
|||||2021|2020|
|||||E|6|
|Gain on sale||oftangible|fixed assets|15||
|Insurance|claim|||22,899|3,754|
|Government||grants||66,680||
|||||89,594|3,754|
##
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|2021|2020|
|---|---|
|E|E|
|3,072|2,930|
##
##
|||||Support||
|---|---|---|---|---|---|
||||Direct|costs (see||
||||Costs
E|note 9)f|Totals
E|
|Provision|ofa nursery|school|616,040|5,735|621,775|
|SUPPORT|COSTS|||||
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|Governance|Governance|costs||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Provision|Provision|
|||||of a|ofa|
|||||nursery|nursery|
|||||school|school|
|||||E|E|
|Auditors'|remuneration|||4,140|3,740|
|Accountancy||fees||1,595|3,369|
|||||5,735|7,109|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||
|||||2021|2020|
|||||6|E|
|Auditors'|remuneration|||4,140|3,740|
|Depreciation||-owned assets||45,648|45,597|
|Surplus on disposal offixed|||assets|(15)||
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|||||2021|2020|
|---|---|---|---|---|---|
|||||f|E|
|Wages and|salaries|||480,305|468,103|
|Social security costs||||18,601|19,514|
|Other pension costs||||6,632|6,479|
|||||505,538|494,096|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2021|2020|
|Management|&Administration|||8|8|
|Childcare||||32|32|
|||||40|40|
##
##
##
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||E|E|E|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies||||16,281||16,281|
|Charitable
activities|||||||
|Provision of a nursery||school||571,527||571,527|
|Investment
income||||3,773||3,773|
|Otherincome||||3,754||3,754|
|Total||||595,335||595,335|
|EXPENDITURE ON|||||||
|Raising funds||||2,930||2,930|
|Charitable
activities|||||||
|Provision ofa nursery||school||596,869|34,564|631,433|
|Total||||599,799|34,564|634,363|
|NET INCOME/(EXPENDITURE)||||(4,464)|(34,564)|(39,028)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward||||267,850|494,192|762,042|
|TOTAL FUNDS CARRIED FORWARD||||263,386|459,628|723,014|
|TANGIBLE FIXEDASSETS|||||||
||||||Fixtures||
|||||Long|and||
|||||leasehold|fittings|Totals|
|||||E|E|6|
|COST|||||||
|At 1April 2020||||1,084,320|105,460|1,189,780|
|Additions|||||1,008|1,008|
|Disposals|||||(460)|(460)|
|At 31March 2021||||1,084,320|106,008|1,190,328|
|DEPRECIATION|||||||
|At 1April 2020||||487,225|100,810|588,035|
|Charge for year||||43,375|2,273|45,648|
|Eliminated
on disposal|||||(115)|(115)|
|At 31March 2021||||530,600|102,968|633,568|
|NET BOOK VALUE|||||||
|At 31March 2021||||553,720|3,040|556,760|
|At 31March 2020||||597,095|4,650|601,745|
##
||Notes tothe Financial Statements - continued
for the Year Ended 31March 2021|Notes tothe Financial Statements - continued
for the Year Ended 31March 2021|Notes tothe Financial Statements - continued
for the Year Ended 31March 2021|Notes tothe Financial Statements - continued
for the Year Ended 31March 2021|||
|---|---|---|---|---|---|---|
|15.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||||||
||||||2021|2020|
||||||6|E|
||Trade debtors||||51,807|50,049|
||Other debtors||||307|439|
||Prepayments
and accrued|||income|1,613|10,002|
||||||53,727|60,490|
|16.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2021|2020|
||||||6|E|
||Bank loans and|overdrafts||(see note 18)|6,966||
||Trade creditors||||31,449|32,796|
||Socialsecurity|and other|taxes|||3,970|
||Other creditors||||1,617|1,829|
||Accrued expenses||||4,467|15,981|
||||||44,499|54,576|
|17.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2021|2020|
||||||E|E|
||Bank loans (see note 18)||||42,034||
|18.|LOANS||||||
||An analysis ofthe maturity|||of loans is given below:|||
||||||2021|2020|
||||||6|6|
||Amounts
falling|due within||one year on demand:|||
||Bankloans||||6,966||
||Amounts
falling|due between two and five years:|||||
||Bank loans - 2-5 years||||39,436||
||Amounts
falling|due
in more than five years:|||||
||Repayable
by instalments:||||||
||Bank loans more 5 yr by||instal||2,598||
##
##
##
|MOVEMENT IN|FUND|S||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement||
||||||At 1.4.20|in funds|At 31.3.21|
||||||E|E|E|
|Unrestricted
funds||||||||
|General fund|||||263,386|354|263,740|
|Restricted funds||||||||
|Building
Fund|||||426,032|(33,528)|392,504|
|Pengegon
Community||Fund|||14,948||14,948|
|Cornwall
Council|—Garden grant||||18,648|(1,036)|17,612|
|National
Lottery|Community||Fund|||2,160|2,160|
||||||459,628|(32,404)|427,224|
|TOTAL FUNDS|||||723,014|(32,050)|690,964|
|Net movement
in funds, included||||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||6|E|E|
|Unrestricted
funds||||||||
|General fund|||||582,977|(582,623)|354|
|Restricted funds||||||||
|Building
Fund||||||(33,528)|(33,528)|
|Pengegon
Community||Fund||||||
|Cornwall
Council|- Garden grant|||||(1,036)|i1,036)|
|National
Lottery|Community||Fund||9,820|(7,660)|2,160|
||||||9,820|(42,224)|(32,404)|
|TOTAL FUNDS|||||592,797|(624,847)|(32,050)|
|Comparatives
for movement|||in funds|||||
|||||||Net||
|||||||movement||
||||||At 1.4.19|in funds|At31.3.20|
||||||E|E|E|
|Unrestricted
funds||||||||
|General fund|||||267,850|(4,464)|263,386|
|Restricted funds||||||||
|Building Fund|||||459,560|(33,528)|426,032|
|Pengegon
Community||Fund|||14,948||14,948|
|Cornwall
Council|—Garden grant||||19,684|(1,036)|18,648|
||||||494,192|(34,564)|459,628|
|TOTAL FUNDS|||||762,042|(39,028)|723,014|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||E|E|E|
|Unrestricted
funds||||||
|General|fund||595,335|(599,799)|(4,464)|
|Restricted funds||||||
|Building|Fund|||(33,528)|(33,528)|
|Cornwall|Council|—Garden grant||(1,036)|(1,036)|
|||||(34,564)|(34,564)|
|TOTAL FUNDS|||595,335|(634,363)|(39,028)|
|Designated
Fund||||||
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||for the Year Ended 3|1March 2021||
|---|---|---|---|
|||2021|2020|
|||E|6|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||653|2,250|
|Grants||9,820||
|Cafe Income||1,948|14,031|
|||12,421|16,281|
|Investment
income||||
|Rents received||3,318|3,773|
|Charitable
activities||||
|Nursery school fees||469,165|526,060|
|Play club||18,299|45,467|
|||487,464|571,527|
|Other income||||
|Gain on sale oftangible fixed assets||15||
|Insurance
claim||22,899|3,754|
|Government
grants||66,680||
|||89,594|3,754|
|Total incoming resources||592,797|595,335|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Wages||2,758|2,633|
|Social security||259|244|
|Pensions||55|53|
|||3,072|2,930|
|Charitable
activities||||
|Wages||477,547|465,470|
|Social security||18,342|19,270|
|Pensions||6,577|6,426|
|Rent, rates and water||1,836|7,470|
|Insurance||6,397|5,321|
|Light and heat||10,004|8,427|
|Telephone||2,396|2,358|
|Postage and stationery||554|975|
|Sundries||11,801|15,772|
|Motor and travel expenses|||409|
|Consumables||12,260|21,125|
|Repairs and maintenance||11,970|13,056|
|Gillys Cafe Expense||1,094|6,866|
|Childrens
activities||14|269|
|Bad debts written|off|5,782|1,698|
|Bank charges||1,596|2,366|
|Carried forward||568,170|577,278|
##
##
||forthe Year Ended 3|1March 2021||
|---|---|---|---|
|||2021|2020|
|||E|6|
|Charitable
activities||||
|Brought forward||568,170|577,278|
|Legal & professional||1,303|1,328|
|Donations|||121|
|Depreciation oftangible|fixed assets|45,648|45,597|
|Bank loan interest||919||
|||616,040|624,324|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration||4,140|3,740|
|Accountancy
fees||1,595|3,369|
|||5,735|7,109|
|Total resources expended||624,847|634,363|
|Net expenditure||(32,050)|(39,028)|