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|||||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|
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|Registered|charity|name|name|Genesis Enterprise|Foundation|Foundation|||
|---|---|---|---|---|---|---|---|---|
|Charity registration||number||1090593|||||
|Company|registration||number|04277872|||||
|Principal office and||registered||Genesis Business|Centre||||
|office||||32-46 King Street|||||
|||||Alfreton|||||
|||||Derbyshire|||||
|||||DE55 7DQ|||||
|The trustees|||||||||
|||||M P Hodgkinson|||||
|||||D Holmes|||(Appointed|18 March 2022)|
|||||P M Starbuck|||(Appointed|18March 2022)|
|||||A Vance|||(Appointed|18 March 2022)|
|||||L M Magee
M STaylor|||(Resigned
(Resigned|30June 2021)
24 March 2022)|
|Accountants||||Yeomans Accountancy||Ltd|||
|||||Durham
House|||||
|||||38Street Lane|||||
|||||Denby|||||
|||||Derbyshire|||||
|||||DE5 BNE|||||
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|||||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|
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|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|
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|5.|Net losses on i|nvestme|nts|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
6|2021
6|Funds
f|2020
f|
||Gains/(losses)
on investment|||property||(508,757)|(508,757)|
|6.|Net expenditure|||||||
||Net expenditure|is stated|after|charging/(crediting):||||
|||||||2021
f|2020
6|
||Depreciation
of|tangible|fixed|assets||18,436|41,458|
||Operating
lease|rentals||||7,012|14,622|
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|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).|||
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|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|
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|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|
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|||||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|
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|||2021f|2020|
|---|---|---|---|
|Income and|endowments|||
|Charitable
activities||||
|Rent and room hire||39,100|115,320|
|Sundry income||46,192|119,923|
|||85,292|235,243|
|Other trading|activities|||
|Other trading|income||20,430|
|investment
income||||
|Other interest|receivable||25|
|Total income||85,300|255,698|
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|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)|
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