|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent
Auditors|5|to|7|
|Statement of Financial 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|022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f|E|f|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||11,321||11,321|12,421|
|Charitable
activities||||||||
|Provision of a nursery|school|||695,578||695,578|487,464|
|Investment
income||||8,688||8,688|3,318|
|Other income||||6,092||6,092|89,594|
|Total||||721,679||721,679|592,797|
|EXPENDITURE ON||||||||
|Raising funds||||3,043||3,043|3,072|
|Charitable
activities||||||||
|Provision of a nursery|school|||668,143|51,672|719,815|621,775|
|Total||||671,186|51,672|722,858|624,847|
|NET INCOME/(EXPENDITURE)||||50,493|(51,672)|(1,179)|(32,050)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward||||263,740|427,224|690,964|723,014|
|TOTAL FUNDS CARRIED FORWARD||||314,233|375,552|689,785|690,964|
##
##
||31|March 2022||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|E|E|E|E|
|FIXEDASSETS||||||
|Tangible assets|14|115,117|403,552|518,669|556,760|
|CURRENT ASSETS||||||
|Debtors|15|74,149||74,149|53,727|
|Cash at bank and in hand||180,618||180,618|167,010|
|||254,767||254,767|220,737|
|CREDITORS||||||
|Amounts
falling due within one year|16|(22,309)|(28,000)|(50,309)|(44,499)|
|NET CURRENT ASSETS||232,458|(28,000)|204,458|176,238|
|TOTAL ASSETS LESSCURRENT LIABILITIES||347,575|375,552|723,127|732,998|
|CREDITORS||||||
|Amounts
falling due after more than one year|17|(33,342)||(33,342)|(42,034)|
|NET ASSETS||314,233|375,552|689,785|690,964|
|FUNDS|19|||||
|Unrestricted
funds||||314,233|263,740|
|Restricted funds||||375,552|427,224|
|TOTAL FUNDS||||689,785|690,964|
||||||Cash Flow Statement|||
|---|---|---|---|---|---|---|---|
|||||for the|Year Ended 31March 2022|||
|||||||2022|2021|
|||||Notes||E|E|
|Cash flows from operating|activities|||||||
|Cash generated
from operations||||||29,679|4,222|
|Interest
paid||||||(1,078)|(919)|
|Net cash provided
by operating
activities||||||28,601|3,303|
|Cash flows from investing|activities|||||||
|Purchase oftangible fixed|assets|||||(8,808)|(1,008)|
|Sale oftangible
fixed assets|||||||360|
|Net cash used in investing|activities|||||(8,808)|(648)|
|Cash flows from financing|activities|||||||
|New loans
in year|||||||49,000|
|Loan repayments
in year||||||(6,185)||
|Net cash (used in)/provided|by financing||activities|||(6,185)|49,000|
|Change
in cash and cash equivalents||in the||||||
|reporting
period||||||13,608|51,655|
|Cash and cash equivalents|at the beginning|||of||||
|the reporting
period||||||167,010|115,355|
|Cash and cash equivalents|at the end|of|the|||||
|reporting
period||||||180,618|167,010|
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|RECONCILIATION|OF|NET EXPEND|ITURE TO NET CASH FLOW FROM OPERATING ACT|IVITIES||
|---|---|---|---|---|---|
|||||2022f|2021
f|
|Net expenditure|for|the reporting|period (as per the Statement of Financial|||
|Activities)||||(1,179)|(32,050)|
|Adjustments
for:||||||
|Depreciation
charges||||46,899|45,648|
|Profit on disposal|of|fixed assets|||(15)|
|Interest paid||||1,078|919|
|(Increase)/decrease||in debtors||(20,422)|6,763|
|Increase/(decrease)||in creditors||3,303|(17,043)|
|Net cash provided|by operations|||29,679|4,222|
##
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||At 1.4.21|Cash flow|At 31.3.22|
|---|---|---|---|
||f|f|f|
|Net cash||||
|Cash at bank and in hand|167,010|13,608|180,618|
||167,010|13,608|180,618|
|Debt||||
|Debts falling due within 1year|(6,966)|(2,507)|(9,473)|
|Debts falling due after 1year|(42,034)|8,692|(33,342)|
||(49,000)|6,185|(42,815)|
|Total|118,010|19,793|137,803|
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|DONA|TIONS|AND LEG|ACIES||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022||2021|
|||||||||||E||E|
|Donations||||||||||1,227||653|
|Grants||||||||||1,700||9,820|
|Cafe income||||||||||8,394||1,948|
|||||||||||11,321||12,421|
|During|the year grant iricome off1,700(2021:Enil) was|||||received|from the Cornwall||Community|Fund.|||
|During|the|prior year,|E9,820 was|received|from the|Lottery|Community|Fund|in order|to support|the|charity
and|
|community||during the|Covid-19 pandemic.||||||||||
|INVESTMENT INCOME|||||||||||||
|||||||||||2022||2021|
|||||||||||E||f|
|Rents|received|||||||||8,688||3,318|
##
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##
|INCOME|FR|OM CHARIT|ABLE ACTIVITIES||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Activity||f|E|
|'Nursery|school fees||Provision of a nursery|school|695,578|469,165|
|Play club|||Provision of a nursery|school||18,299|
||||||695,578|487,464|
|OTHER INCOME|||||||
||||||2022|2021|
||||||E|E|
|Gain on sale||oftangible|fixed assets|||15|
|Insurance|claim|||||22,899|
|Government||grants|||4,017|66,680|
|Photography|||||2,075||
||||||6,092|89,594|
##
##
|2022|2021|
|---|---|
|f|E|
|3,043|3,072|
##
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##
|CHARITAB|LE ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs
f|note 9)
E|Totals
f|
|Provision|of a nursery school|712,745|7,070|719,815|
|SUPPORT|COSTS||||
|||||Governance|
|||||costs|
|||||f|
|Provision|of a nursery school|||7,070|
##
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##
|||||2022|2021|
|---|---|---|---|---|---|
|||||Provision|Provision|
|||||of a|of a|
|||||nursery|nursery|
|||||school|school|
|||||E|f|
|Auditors'|remuneration|||4,740|4,140|
|Accountancy||fees||2,330|1,595|
|||||7,070|5,735|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||
|||||2022|2021|
|||||E|E|
|Auditors'|remuneration|||4,740|4,140|
|Depreciation||—owned assets||46,899|45,648|
|Surplus|on disposal offixed assets||||(15)|
##
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##
|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Wages and salaries
social security costs||||527,770
22,284|480,305
18,601|
|Other pension costs||||7,777|6,632|
|||||557,831|505,538|
|The average|monthly|number of employees|during the year was as follows:|||
|||||2022|2021|
|Management|g.Administration|||8|8|
|Chil dcare||||33|32|
|||||41|40|
##
##
||||||||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||E|f|E|
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||2,601|9,820|12,421|
||Charitable
activities||||||
||Provision of a nursery school|||487,464||487,464|
||Investment
income|||3,318||3,318|
||Other income|||89,594||89,594|
||Total|||582,977|9,820|592,797|
||EXPENDITURE ON||||||
||Raising funds|||3,072||3,072|
||Charitable
activities||||||
||Provision of a nursery school|||579,551|42,224|621,775|
||Total|||582,623|42,224|624,847|
||NET INCOME/(EXPENDITURE)|||354|(32,404)|(32,050)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought forward|||263,386|459,628|723,014|
||TOTAL FUNDS CARRIED FORWARD|||263,740|427,224|690,964|
|14.|TANGIBLE FIXEDASSETS||||||
||||||Fixtures||
|||||Long|and||
|||||leasehold
f|fittings
f|Totals
f|
||COST||||||
||At 1April 2021|||1,084,320|106,008|1,190,328|
||Additions|||3,030|5,778|8,808|
||At 31March 2022|||1,087,350|111,786|1,199,136|
||DEPRECIATION||||||
||At 1April 2021|||530,600|102,968|633,568|
||Charge for year|||43,494|3,405|46,899|
||At 31March 2022|||574,094|106,373|680,467|
||NET BOOK VALUE||||||
||At 31March 2022|||513,256|5,413|518,669|
||At 31March 2021|||553,720|3,040|556,760|
##
||Notes tothe Financial Statements - continued
for the Year Ended 31March 2022|Notes tothe Financial Statements - continued
for the Year Ended 31March 2022|Notes tothe Financial Statements - continued
for the Year Ended 31March 2022|||
|---|---|---|---|---|---|
|15.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR|||||
|||||2022|2021|
|||||E|E|
||Trade debtors|||72,352|51,807|
||Other debtors||||307|
||Prepayments
and accrued||income|1,797|1,613|
|||||74,149|53,727|
|16.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||2022|2021|
|||||E|E|
||Bank loans and overdrafts||(see note 18)|9,473|6,966|
||Trade creditors|||32,662|31,449|
||Other creditors|||2,615|1,617|
||Accrued expenses|||5,559|4,467|
|||||50,309|44,499|
|17.|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN ONE YEAR||||
|||||2022|2021|
|||||f|f|
||Bank loans (see note 18)|||33,342|42,034|
|18.|LOANS|||||
||An analysis ofthe maturity||of loans is given below:|||
|||||2022|2021|
|||||E|E|
||Amounts
falling due within||one year on demand:|||
||Bank loans|||9,473|6,966|
||Amounts
falling due between two and five years:|||||
||Bank loans
—2-5years|||33,342|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 1.4.21|in funds|At 31.3.22|
||||||E|E|E|
|Unrestricted
funds||||||||
|General fund|||||263,740|50,493|314,233|
|Restricted funds||||||||
|Building
Fund|||||392,504|(33,528)|358,976|
|Pengegon
Community||Fund|||14,948|(14,948)||
|Cornwall
Council|- Garden grant||||17,612|(1,036)|16,576|
|National
Lottery|Community||Fund||2,160|(2,160)||
||||||427,224|(51,672)|375,552|
|TOTAL FUNDS|||||690,964|(1,179)|689,785|
|Net movement
in funds, included||||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||E|f|E|
|Unrestricted
funds||||||||
|Generalfund|||||719,979|(669,486)|50,493|
|Cornwall
Community||Fund|||1,700|(1,700)||
||||||721,679|(671,186)|50,493|
|Restricted funds||||||||
|Building
Fund||||||(33,528)|(33,528)|
|Pengegon
Community||Fund||||(14,948)|(14,948)|
|Cornwall
Council|—Garden grant|||||(1,036)|(1,036)|
|National
Lottery|Community||Fund|||(2,160)|(2,160)|
|||||||(51,672)|(51,672)|
|TOTAL FUNDS|||||721,679|(722,858)|(1,179)|
|Comparatives
for movement|||in funds|||||
|||||||Net||
|||||||movement||
||||||At 1.4.20|in funds|At 31.3.21|
||||||E|E|E|
|Unrestricted
funds||||||||
|Generalfund|||||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|
##
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##
|||for the Year Ended 3|1March 2022||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations|||1,227|653|
|Grants|||1,700|9,820|
|Cafe Income|||8,394|1,948|
||||11,321|12,421|
|Investment
income|||||
|Rents received|||8,688|3,318|
|Charitable
activities|||||
|Nursery school fees|||695,578|469,165|
|Play club||||18,299|
||||695,578|487,464|
|Other income|||||
|Profit on sale oftangible||fixed assets||15|
|Insurance
claim||||22,899|
|Government
grants|||4,017|66,680|
|Photography|||2,075||
||||6,092|89,594|
|Total incoming resources|||721,679|592,797|
|EXPENDITURE|||||
|Raising donations|and legacies||||
|Wages|||2,731|2,758|
|Socia I security|||257|259|
|Pensions|||55|55|
||||3,043|3,072|
|Charitable
activities|||||
|Wages|||525,039|477,547|
|Socia I security|||22,027|18,342|
|Pensions|||7,722|6,577|
|Rent, rates and water|||6,703|1,836|
|Insurance|||7,009|6,397|
|Light and heat|||8,430|10,004|
|Telephone|||3,123|2,396|
|Postage and stationery|||732|554|
|Sundries|||18,132|11,801|
|Consumables|||23,879|12,260|
|Repairs and maintenance|||19,175|11,970|
|Gillys Cafe Expense|||4,945|1,094|
|Childrens
activities|||398|14|
|Bad debts written off|||14,098|5,782|
|Bank charges
Legal 8.professional|||2,035
1,321|1,596
1,303|
|Carried forward|||664,768|569,473|
||Detailed Statement of Financial Activities|||
|---|---|---|---|
||for the Year Ended 31March 2022|||
|||2022|2021|
|||E|E|
|Charitable
activities||||
|Brought forward||664,768|569,473|
|Depreciation
oftangible fixed assets||46,899|45,648|
|Bank loan interest||1,078|919|
|||712,745|616,040|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration||4,740|4,140|
|Accountancy
fees||2,330|1,595|
|||7,070|5,735|
|Totalresources
expended||722,858|624,847|
|Net expenditure||(1,179)|(32,050)|