2021-12-31-accounts - Genesis Enterprise Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Trustees' annual report (incorporating the		director's	report)
Statement offinancial	activities (including	income and
expenditure account)
Statement of financial	position
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement of	financial activities			17

				2021	2021	2020
				Unrestricted
			Note	funds	Total funds	Totalfundsf
Income and endowments
Charitable activities				85,292	85,292	235,243
Other trading activities						20,430
Investment income						25
Total income				85,300	85,300	255,698
Expenditure
Expenditure on raising funds:
Costs of other trading	activities			17,293	17,293	71,649
Expenditure on charitable	actiVities			177,774	177,774	480,428
Total expenditure				195,067	195,067	552,077
Net losses on investments						508,757
Net expenditure and net	movement	in funds		(109,767)	(109,767)	(805,136)
Reconciliation offunds
Total funds brought forward				480,675	480,675	1,285,811
Total funds carried forward				370,908	370,908	480,675

31 Decemb	er 20	21
					2021	2020
				Note	F	f
Fixed assets
Tangible fixed assets				9	875,797	894,233
Investments				10	1	1
					875,798	894,234
Current assets
Debtors				11	40,846	67,879
Cash at bank	and in hand				151,548	372,573
					192,394	440,452
Creditors: amounts		falling	due within one year	12	85,114	241,027
Net current	assets				107,280	199,425
Total assets	less current		liabilities		983,078	1,093,659
Creditors: amounts		falling	due after more than one year	13	612,170	612,984
Net assets					370,908	480,675
Funds ofthe charity Unrestricted funds					370,908	480,675
Total charity	funds			14	370,908	480,675

Staff costs	Staff costs
The total staff costs and employee		benefits for the reporting		period are	analysed as	follows:
					2021	2020
					F	6
Wages and	salaries				15,872	52,122
The average	head count of employees		during the year was	2 (2020:2).

No remuneration or other benefits from employm received by the trustees. Tangible fixed assets	ent with the char	ity or a related	entity were
	Freehold	Fixtures and
	property	fittings f	Total
Cost
At 1 January 2021 and 31 December 2021	1,024,561	169,243	1,193,804
Depreciation
At 1 January 2021	138,519	161,052	299,571
Charge for the year	10,245	8,191	18,436
At 31 December 2021	148,764	169,243	318,007
Carrying amount
At 31 December 2021	875,797		875,797
At 31 December 2020	886,042	8,191	894,233

10.	investments
						Shares in
						group
					undertakings
						s
	Cost orvaluation
	At 1 January 2021 and			31 December 2021
	impairment
	At 1 January 2021 and			31 December 2021
	Carrying amount
	At 31 December 2021					1
	At 31 December	2020				1
	All investments	shown		above are held at valuation.
11.	Debtors
					2021	2020
						5
	Trade debtors				10,460	21,026
	Amounts owed by group undertakings Prepayments and accrued income				22,209 8,177	3,009 28,233
	Other debtors					15,611
					40,846	67,879
12.	Creditors: amounts		falling due within one year
					2021	2020
						f
	Bank loans and	overdrafts			5,398	9,606
	Trade creditors				11,492	72,797
	Amounts owed	to group undertakings			55,905	91,875
	Accruals and deferred			income	4,251	39,685
	Social security	and other taxes			1,228	1,053
	Other creditors				6,840	26,011
					85,114	241,027
13.	Creditors: amounts		falling due after more than one year
					2021	2020
					6
	Bank loans and	overdrafts			612,170	612,984

				At				At
			1 January 202				Gains and 31	December
			f	1	Income	Expendituref	losses	2021
Unrestricted	funds		480,675		85,300	(195,067)		370,908
				At				At
			1 January 202				Gains and 31	December
				0	Income	Expendituref	losses f	2020 f
Unrestricted	funds		1,285,811		255,698	(552,077)	(508,757)	480,675
Analysis of	net assets between funds
							Unrestricted Total Funds
							Funds	2021 f
Tangible fixed assets							875,797	875,797
Investments							1	1
Current assets							192,394	192,394
Creditors less than 1 Creditors greater than			year 1 year				(85,114) (612,170)	(85,114) (612,170)
Net assets							370,908	370,908
							Unrestricted Total Funds
							Funds	2020
Tangible fixed assets							894,233	894,233
Investments							1	1
Current assets							440,452	440,452
Creditors less than		1	year				(241,027)	(241,027)
Creditors greater than			1 year				(612,984)	(612,984)
Net assets							480,675	480,675

Year ended 31 De	cemb	er 2021
			2021	2020
				6
Expenditure
Costs of other trading Bad debts	activities		17,293	71,090
Advertising and publicity				559
			17,293	71,649
Expenditure on charitable Wages and salaries Operating leases Rent		activities	15,872 7,012 41,899	52,122 14,622 1,156
Rates and water			416	25,495
Light and heat Repairs and maintenance Insurance			4,172 10,236 16,858	73,076 8,325 31,033
Legal and professional Telephone Depreciation Interest on bank loans	fees and overdrafts		6,057 872 18,437 44,889	63,865 9,316 41,458 127,213
Other trading expenses Accountancy fees IT Maintenance			1,330 6,950 1,931	13,118 3,964 3,044
Bank charges Cleaning Printing, postage and stationery			625 218	1,494 10,767 360
			177,774	480,428
Total expenditure			195,067	552,077
Net losses on investments
Gains/(losses) on investment		property		508,757
Net expenditure			(109,767)	(805,136)