2021-08-31-accounts

St. George's Lupset Limited

Charity No. 1094331

Company No. 03848228

Trustees' Report and Audited Accounts

31 August 2021

St. George's Lupset Limited Contents

	Pages
Trustees’ Annual Report	2to6
Auditor's Report	7to9
Statement of Financial Activities		10
SummaryIncome and Expenditure Account		11
Balance Sheet		12
Statement ofCash flows		13
Notes to the Accounts	14 to	24
DetailedStatementofFinancialActivities	25to27

Page 1

St. George's Lupset Limited Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the audited financial statements of the charity for the year ended 31 August 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03848228

Charity No. 1094331

Registered Office

St George's Community Centre

Broadway

West Yorkshire

WF2 8AA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law, The following Directors and Trustees served during the year:

C.P.M. Brown

S. Elliott

M.W. Holt

V.L. Hughes

F. Jackson

J. McGill

M. Tattersall

A.E. Tosta

E.J. Woodhouse

Auditor

Hansons

St Oswald House

St Oswald Street

Castleford

WF10 1DH

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document.

ACHIEVEMENTS AND PERFORMANCE

Performance during the past year was dominated by the organisation’s response to the impact of the Covid-19 virus across the area of benefit. Throughout, the work of the team and trustees sought, with considerable success, to develop new and creative partnership arrangements with local, statutory organisations. In doing so St George’s role as the key community anchor organisation, was widely recognised and supported.

Page 2

St. George's Lupset Limited Trustees Annual Report

St George's Lupset Ltd continued to pursue the aims contained in its Strategy Map which were primarily associated with

• a) provision of high-quality childcare and supporting parents to help their children reach their full potential.

• b) providing and maintaining opportunities for learning for people of all ages

• c) maintaining a range of opportunities to help people to improve their wellbeing.

Despite constraints imposed by the pandemic, St George's continued to operate a pre-school childcare service for children 0-5 years old. This service has continued to provide a high standard of nursery provision for children and families, reflected in the current positive Ofsted judgments. St George's has continued to operate this service in four locations and settings; Childcare @ Broadway (full day-care), Childcare @ Sunbeam (sessional care); Childcare @ St Swithun's (sessional care) and Child Care @ Sandal (full day-care). Families access the childcare for a variety of reasons, for some it affords time to study and work and whilst they pursue these things we provide their children with high quality opportunities for learning, socialisation and wellbeing, in line with Early Years Foundation Stage standards. Most children leave our nurseries having progressed to a typical! level of development which supports their school readiness.

Appropriate emphasis has been given to early identification of children with additional needs and helping parents to access professional support designed to encourage the achievement oftheir children’s full potential. At the same time our expertise in early years health and wellbeing was widely recognised by statutory partners. In this regard St Georges was commissioned as an Oral Health Champion.

A learning programme has been delivered, partly on-line but increasingly live at our centre. Working with seven educational partners and providers, over 300 students were engaged on 35 different courses, of which 31 were accredited and supported many students to move closer to employment. During the year St George's wellbeing service had developed its strategy and working towards the achievement of the key performance indicators identified. The pandemic brought constraints and difficulties in delivery but also new opportunities and funding. The Covid Community Coordinator role brought much needed support to those in most need with its recovery fund. This helped pay for hotel accommodation for a homeless family, new phones/laptops to keep people connected, an amplifier enabling someone to get back to busking and work and much more. St George's was successful in securing three year Reaching Communities support for a project designed specifically to grow the volunteering service.

In addition, the wellbeing service helped to set up virtual groups and telephone befriending, helping with isolation and loneliness. This service made 1430 contacts during the year. At the same time the older person services started to reintroduce face to face coffee mornings, afternoon teas and more. Our volunteers returned to the allotment giving it some much needed direct care.

St George's food bank was managed through volunteers associated the wellbeing service. This service distributed 971 food parcels during the year.

The social prescribing project was able to return to working from Lupset Health Centre every week. In this regard, appointments were made via telephone and a steady stream of people were referred. In total 242 people were engaged with during the year.

Page 3

St. George's Lupset Limited Trustees Annual Report

St George's young people’s service (Young Futures) continued to operate during the year. It provided essential on-line and direct support and contact for around 170 young people during this time. A gradual return to live sessions began and the development of important partnership continued involving other agencies working with young people to help them engage with a range of positive experiences. Our service also helped families to feed, clothe and support their children during this difficult period. St George's work with Young Lives and the NHS’s Future in Mind programme has continued, and the work with young people continued to be supported throughout by Children in Need. In this regard, St George's has helped children and young people to build resilience, gain confidence, find identity and increase aspiration, whilst giving emphasis to inclusivity and accessibility in the way it delivers its services. The key to success has been the way St George's has engaged with other organisations whose priorities it shares. In all, 18 statutory and Third Sector partnerships have active during the year.

RISK MANAGEMENT

St Georges operates a Risk Management Policy and a Business Continuity Plan both of which are regularly updated.

FINANCIAL REVIEW

Restricted funds

Restricted reserves accumulate from cash flow fluctuations within specific projects. Depending on the rules of the donor, they either have to be repaid to the donor at the end of the project or the project is allowed to run on until such reserves are used up. Restricted reserves amount to £497,892 (2020: £495,109). Unrestricted funds

General unrestricted reserves, are held for the following reasons:

• To manage cash flow fluctuations.

• To allow the Charity to cope with unexpected costs not covered by insurance or contingency planning in the budget (eg employment insurance, high maintenance or legal costs). To have funds available to take fresh initiatives.

• Compliance with Charity Commission guidelines and the trustees have

designated £150,000 for this purpose.

Designated funds

• Within unrestricted reserves, designated reserves may be established for the following:

• To pay any necessary redundancy e.g. at the termination of fixed term projects where redeployment is considered non-essential and no further external funding is acquired. To be able to operate for at least three months should mainstream funding cease to enable the Project to either run down or implement emergency strategies. This is in accordance with Charity Commission guidelines and the trustees have designated £150,000 for this purpose.

RESERVES POLICY

St George's reserves policy seeks to make provision to cover the costs of three months operation in the event of the organisation having to wind up. It held the following types of reserves:

• a. Restricted reserves, which accumulate through the resourcing of specific projects

• b. General unrestricted reserves which have accumulated from contracts, commissions and fees charge.

• c, Designated unrestricted reserves which cover these reserves include provision for redundancies and other

• At the end of August 2021 St George’s unrestricted reserves were £246,979 (2020: £207,238).

Page 4

St. George's Lupset Limited Trustees Annual Report

PLANS FOR FUTURE PERIODS

In line with the purposes described in its Memorandum and Articles of Association and the broad direction provided for in its Strategy Map St George's will seek to

• a. Increase its engagement with people within the communities it serves in order to better understand the changing needs and aspirations of those people

• b. Review and develop its childcare services in accordance with the changing needs and aspirations of people in the communities in its areas of benefit.

• c. Continue to relate its learning programmes to the economic and social needs of its communities.

• d. Explore ways of developing its service to different groups of young people in such a way that aspirations are raised and pathways to fulfilment created.

• e. Continue to develop the skills and potential of its staff team.

• f. Continue to work creatively with key partners in the statutory and third sector which share its ethos and priorities associated with community wellbeing and development.

• g. Ensure that its board oftrustees[is] adequately populated, equipped and informed[in] order[to] support the future development of the organisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document.

The charity is a company limited by guarantee without share capital. It was incorporated on 21st September 1999. It is governed by a memorandum and articles of association. The liability of the trustees in the event of the company being wound up is limited to a sum not exceeding £1.

Recruitment and appointment of new trustees.

The trustees of the charity are also directors for the purposes of company law. Trustees are appointed at the AGM or co-opted between AGMs to ensure that the board has the skills required to govern the organisation. (co-opted Trustees then stand for election at the AGM following their co-option). All trustees are provided with an induction session (including an induction pack), delivered by the Chair and CEO.

Organisational structure.

St George's Lupset Ltd has a board of 9 trustees who meet approximately every 4 weeks and are responsible for the strategic direction and policy of the charity. The Board has a variety of professional skills, relevant to the work of the charity. The board had delegated certain powers of scrutiny to a Finance and Sustainability Committee and a Human Resources Committee, which report to the full board of trustees at each meeting. The CEO sits on the board but has no voting rights. A scheme of delegation is in place, with the day-to-day responsibility for the provision of services resting with the Chief Executive, who is also responsible for ensuring that the charity delivers services specified and that key performance indicators are met. St George's prides itself on its collaborative culture, which aims to encourage personal responsibility and innovation amongst staff. Regular reports to peers, line managers and the St George’s board ensured accountability from the executive team.

Page 5

St. George's Lupset Limited

Trustees Annual Report

Because of the pandemic, throughout the year, governance and managerial controls were secure through effective use of a range of online platforms which facilitated good communications and involvement as well as maintaining a degree of positive morale.

RELATED PARTIES AND RELATIONSHIPS WITH OTHER ORGANISATIONS

St Georges is a key, membership organisation of Nova Wakefield District (the main Third Sector infrastructure organisation in Wakefield), Wakefield Young Lives Consortium and Locality, a strategic organisation which seek to support the interests of community anchor organisations and charities.

Statement of trustees’ responsibilities in relation to

the financial statements

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• • make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed,

• subject to any material departures disclosed and explained in the financial statements;

• ‘ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure of information to auditor

So far as the trustees are aware, there is no relevant audit information of which the company's auditors are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

SignedM.W. Holt on behalf of the ie | | :

Trustee

08 June 2022

Page 6

St. George's Lupset Limited Audit Report Unqualified

Independent Auditor's Report to the Members of St. George's Lupset Limited

Opinion

We have audited the accounts of St. George's Lupset Limited (the 'charitable company’) for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

• give a true and fair view of the state of the charitable company's affairs as at 31 August 2021 and of its profit/loss for the year then ended;

• ¢ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

• We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees’ use of the going concern basis of accounting in the preparation of the accounts is not appropriate; or

• the trustees have not disclosed in the accounts any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the accounts are authorised for issue.

Other information

The other information comprises the information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 7

St. George's Lupset Limited

Audit Report Unqualified

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based upon the work undertaken in the course of the audit:

• the information given in the trustees' report for the financial year for which the accounts are prepared is consistent with the accounts; and

• the trustees’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the accounts are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the trustees were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement found in the trustees’ report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

We have been appointed under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Page 8

St. George's Lupset Limited

Audit Report Unqualified

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

A further description of our responsibilities for the audit of the accounts is located on the Financia! Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of this report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Qa Yor .
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‘Mark A Upex BA FCA, Senior Statutory Auditor
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For and on behalf of Hansons, Accountants and Statutory Auditors

St Oswald House

St Oswald Street Castleford

WF10 1DH

08 June 2022

Hansons is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.

Page 9

St. George's Lupset Limited

Statement of Financial Activities

for the year ended 31 August 2021

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds|Total|funds| |2021|2021|2021|2020| |Notes|£|£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|4|63,201|368,640|431,841|223,732| |Charitable|activities|5|872,877|-|872,877|756,393| |Other trading|activities|6|.|.|-|530| |Other|7|95,650|.|95,650|226,264| |Total|1,031,728|368,640|1,400,368|1,206,919| |Expenditure|on:| |Raising|funds|8|-|-|-|262| |Charitable|activities|9|992,238|365,606|1,357,844|1,274,037| |Total|992,238|365,606|1,357,844|1,274,299| |Net|gains|on|investments|-|-|-|-| |Net|income/(expenditure)|11|39,490|3,034|42,524|(67,380)| |Transfers|between|funds|251|(251)|-|-| |Net|income/(expenditure)| |before|other gains/(losses).|39,741|2,783|42,524|(67,380)| |Net|movement|in funds|39,741|2,783|42,524|(67,380)| |Reconciliation|of funds:| |Total|funds|brought|forward|207,238|495,109|702,347|769,727| |Total funds|carried|forward|246,979|497,892|744,871|702,347|

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Page 10

St. George's Lupset Limited

Summary Income and Expenditure Account

for the year ended 31 August 2021

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |£|£| |Income|1,400,368|1,206,919| |Gross|income|for the|year|1,400,368|1,206,919| |Expenditure|1,318,237|1,228,564| |Interest|payable|1,510|1,475| |Depreciation|of fixed|assets|38,097|44,260| |Total|expenditure|for the|year|1,357,844|1,274,299| |Net|income/(expenditure)|before|tax| |for the year|42,524|(67,380)| |Net|income|/(expenditure|)for the|year|42,524|(67,380)|

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Page 11

St. George's Lupset Limited Balance Sheet

at 31 August 2021

Company No. 03848228	Notes	2021	2020
		£	£
Fixed assets
Tangible assets	13	369,777	407,874
		369,777	407,874
Current assets
Debtors	14	61,591	19,703
Cash at bank and in hand		397,286	332,818
		458,877	352,521
Creditors:Amount fallingdue within oneyear	15	(49,577)	(20,342)
Net current assets		409,300	332,179
Total assets less current liabilities		779,077	740,053
Creditors: Amounts falling due after morethan one year	16	(34,206)	(37,706)
Netassets excluding pension asset or liability		744,371	702,347
Total net assets		744,871	702,347
Thefunds ofthe charity
Restricted funds	Lf
Restricted incomefunds		497,892	495,109
		497,892	495,109
Unrestricted funds	uid
General funds		246,979	207,238
		246,979	207,238
Reserves	17
Totalfunds		744,871	702,347

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board on 08 June 2022

And signed op\its behalf by:

M.W. Holt Trustee 08 June 2022

Page 12

St. George's Lupset Limited

Statement of Cash flows

for the year ended 31 August 2021

	2021	2020
	£	£
Cash flowsfrom operating activities
Net income/(expenditure) perStatement ofFinancial Activities	42,524	(67,380)
Adjustments for:
Depreciation of property, plant and equipment	38,097	44,260
(Increase)/Decrease in trade and other receivables	(41,888)	21,879
Increase/(Decrease) in trade and otherpayables	28,882	(27,394)
Net cash provided by/(used in) operating activities	67,615	(28,635)
Netcashfrom investing activities	.	.
Cash flowsfrom financing activities
Repayment ofborrowings	(3,147)	-
Proceeds from new borrowings	-	38,863
Net cash (used in)/from financing activities	(3,147)	38,863
Net increase in cash and cash equivalents	64,468	10,228
Cash and cash equivalents at the beginning oftheyear	332,818	322,590
Cash and cash equivalents at the end ofthe year	397,286	332,818
Components ofcash and cash equivalents
Cash and bank balances	397,286	332,818
	397,286	332,818

Page 13

St. George's Lupset Limited Notes to the Accounts

for the year ended 31 August 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accounting
Unrestricted funds	These are available for use at the discretion ofthe trustees in furtherance ofthe
	general objects ofthe charity.
Designated funds	These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds	These are unrestricted funds which include a revaluation reserve representing
	the restatement of investment assets at their market values.
Restricted funds	These are available for use subject to restrictions imposed by the donor or
	through terms ofan appeal.
Income
Recognition of	Income is included in the Statement of Financial Activities (SoFA) when the
income	charity becomes entitled to, and virtually certain to receive, the income and the
	amount ofthe income can be measured with sufficient reliability.
Income with related	Where income has related expenditure the income and related expenditure is
expenditure	reported gross in the SoFA.
Donations and	Voluntary income received byway ofgrants, donations and gifts is included in the
legacies	theSoFAwhen receivable and onlywhen the Charity has unconditional
	entitlement to the income.
Tax reclaims on	Income from tax reclaims is included in the SoFA atthe same time as the
donations and gifts	_gift/donation to which it relates.
Donated services	These are only included in income (with an equivalent amount in expenditure)
and facilities	wherethe benefit to the Charity is reasonably quantifiable, measurable and
	material.
Volunteer help	The value ofanyvolunteer help received is not included in the accounts.
Investment income	This is included in the accounts when receivable.
Gains/(losses) on	This includes any gain or loss resultingfrom revaluing investments to market
revaluation offixed	value at the end ofthe year.
assets
Gains/(losses) on	This includes any gain or loss on the sale ofinvestments.
investmentassets

Page 14

St. George's Lupset Limited

Notes to the Accounts

Expenditure

Expenditure
Recognition of	Expenditure is recognised on an accruals basis. Expenditure includes anyVAT
expenditure	which cannot be fully recovered, and is reported as partofthe expenditure to
	which it relates.
Expenditure on	These comprise the costs associated with attracting voluntary income,
raising funds	fundraising trading costs and investment management costs.
Expenditure on	These comprise the costs incurred bythe Charity in the delivery of its activities
charitable activities	and services in the furtherance of its objects, including the making ofgrants and
	governance costs.
Grants payable	All grant expenditure is accounted for on an actual paid basis plus an accrual for
	grants that have been approved bythe trustees atthe end oftheyear but not yet
	paid.
Governance costs _‘These include those costs associated with meetingthe constitutional and
	statutory requirements ofthe Charity, including any audit/independent
	examination fees, costs linked to the strategic management ofthe Charity,
	together with a share of other administration costs.
Otherexpenditure	Thesearesupportcostsnotallocatedtoaparticularactivity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property 4% Straight line Computer equipment 25% Reducing balance Motor vehicles 25% Reducing balance Fixtures and fittings 25% Reducing balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 15

St. George's Lupset Limited

Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense ona straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Page 16

St. George's Lupset Limited

Notes to the Accounts

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

• 2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted| |funds|funds|Total|funds| |2020|2020|2020| |£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|7,559|216,173|223,732| |Charitable|activities|756,393|-|756,393| |Other trading|activities|530|-|530| |Other|226,264|-|226,264| |Total|990,746|216,173|1,206,919| |Expenditure|on:| |Raising funds|262|-|262| |Charitable|activities|960,935|116,431|1,077,366| |Other|113,526|83,145|196,671| |Total|1,074,723|199,576|1,274,299| |Net income|(83,977)|16,597|(67,380)| |Net|income|before|other| |r|(83,977)|16,597|(67,380)| |gains/(losses)| |Other gains|and|losses:| |Net movement|in funds|(83,977)|16,597|(67,380)| |Reconciliation|of funds:| |Total|funds|brought|forward|301,927|467,800|769,727| |Total funds|carried|forward|217,950|484,397|702,347|

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St. George's Lupset Limited

Notes to the Accounts

4 Income from donations and legacies

4	Income from donations and legacies
		Unrestricted	Restricted	Total	Total
				2021	2020
		£	£	£	£
	Donations and project fees	18,073	-	18,073	4,239
	Grants received	45,128	368,640	413,768	219,493
		63,201	368,640	431,841	223,732
	Grants received in the year			£
	Crypt capital grant			24,300
	Active and Inspired			22,564
	Children in Need			38,222
	Community Navigators			19,585
	Other covid			13,050
	Community Champions			80,000
	Connecting Communities			68,709
	Social Prescribing			25,000
	Family Fun			13,737
	Youngfutures			30,500
	Help @ the Hub			7,200
	HHH			13,498
	HAD			12,275
	Apprentice			12,000
	Other grants			33,128
				413,768
5	Incomefrom charitable activities
			Unrestricted	Total	Total
				2021	2020
			£	£	£
	Nursery Education Fund		449,713	449,713	454,920
	Childcare fees		423,164	423,164	301,473
			872,877	872,877	756,393
6	Income from other trading activities
				Total	Total
				2021	2020
				£	£
	Fundraising events			:	530
				-	530

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St. George's Lupset Limited

Notes to the Accounts

7 Other income

			Unrestricted	Total	Total
				2021	2020
			£	£	£
	Salary recharges		11,915	11,915	36,359
	Room hire		59,344	59,344	61,693
	Coffee shop takings		-	-	12,712
	Activityfees		998	998	2,778
	Trainingand service provision		:	7	uae
	Mini bus income		-	-	4,441
	Other income		23,393	23,393	12,785
	Job Retention Scheme		-	-	95,064
			95,650	95,650	226,264
8	Expenditure on raising funds
				Total	Total
				2021	2020
				£	£
	Fundraising events			-	262
				-	262
9	Expenditure on charitable activities
		Unrestricted	Restricted	Total	Total
				2021	2020
		£	£	£	£
	Expenditure on charitable
	activities
	Project running costs	874,196	282,171	1,156,367	1,071,629
	Othercosts allocated to
	charitable activities	118,042	83,435	201,477	202,408
		992,238	365,606	1,357,844	1,274,037

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St. George's Lupset Limited

Notes to the Accounts

10 Other expenditure

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |2021|2020| |£|£|£|£| |Other|interest|payable|1,510|.|1,510|1,475| |Premises|costs|82,945|35,176|118,121|111,250| |Depreciation|of fixed|assets|1,506|36,591|38,097|44,260| |General|administrative|costs|23,371|7,011|30,382|29,556| |Legal|and|professional|costs|5,166|2,424|7,590|10,130| |114,498|81,202|195,700|196,671| |Governance|costs| |Auditors'|remuneration|3,407|2,233|5,640|5,460| |Other|137|.|137|277| |3,544|2,233|5,777|5,737| |118,042|83,435|201,477|202,408| |11|Net|income/(expenditure)|before|transfers| |2021|2020| |This|is|stated|after|charging:|£|£| |Depreciation|of owned|fixed|assets|38,097|44,260| |Auditors'|remuneration|5,640|5,460| |12|Staff|costs| |Salaries|and|wages|949,633|904,952| |Social|security|costs|54,299|48,730| |Pension|costs|20,461|19,060| |1,024,393|972,742| |No|employee|received|emoluments|in|excess|of £60,000.| |The|average|monthly|number|of full|time|equivalent|employees|during|the|year was|as|follows:|

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||| |---|---| |2021|2020| |Number|Number| |67|69|

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St. George's Lupset Limited

Notes to the Accounts

13 Tangible fixed assets

13	Tangible fixed assets
		Landand buildings		Computer equipment	Motor vehicles	Fixtures and fittings	Teas
			£	£	£	£	£
	Cost or revaluation
	At 1September 2020	1,018,604		17,171	53,008	83,518	1,172,301
	At 31 August 2021	1,018,604		17,171	53,008	83,518	1,172,301
	Depreciation and
	impairment
	At 1September2020	617,819		17,171	45,919	83,518	764,427
	Depreciation charge for the sear		31,008	-	7,089	.	38,097
	At 31 August 2021	648,827		17,171	53,008	83,518	802,524
	Net bookvalues
	At 31 August 2021	369,777		-	-	-	369,777
	At31 August 2020	400,785		-	7,089	-	407,874
14	Debtors
					2021		2020
					£		£
	Trade debtors				61,410		11,721
	Prepayments and accrued income				181		7,982
					61,591		19,703
15	Creditors:
	amounts falling due within oneyear	year
					2021		2020
					£		£
	Other loans				1,510		1,157
	Trade creditors				3,173		856
	Other creditors				2,870		2,188
	Accruals and deferred income				42,024		16,141
					49,577		20,342
16	Creditors:
	amounts falling due after morethan	than	one year
					2021		2020
					£		£
	Other loans				34,206		37,706
					34,206		37,706

Page 21

St. George's Lupset Limited

Notes to the Accounts

17 Movement in funds

		Incoming
	At1 September	resources {including other	Resources expended	Gross transfers	At3t August 2021
	2020 _	gains/Josses)
		£	£	£	£
Restricted funds:
The Big Lottery Fund	33,688	-	2,591		31,097
StGeorges PCC	5,945	-	457		5,488
WMDC Early Years Capital
Grant	41,215	-	3,300		37,915
Coalfields Regeneration Trust	101,454	:	7,804		93,650
Children in Need	4,066	38,222	42,288		-
Capital Fund	199,558	-	15,350		184,208
Crypt capital		24,300	24,300		-
Minibus	7,089	-	7,089		-
WMDC Covid-19	51,770	-	30,182		21,588
Social Prescribing	3,831	25,000	25,456		3,375
Keepmoat Capital Grant	5,560	-	5,560		-
Awards for all	1,484	-	-		1,484
WMDCActive and Inspired	8,052	22,564	9,840		20,776
Young Lives Community
Navigators	11,375	19,585	27,378	(251)	3,331
NOVAStay and Play	2,385	-	548		1,837
Connecting Communities	8,368	68,709	52,250		24,827
Community champions		80,000	75,679		4,321
Young Futures		30,500	-		30,500
Healthy Happy Holidays		13,498	3,009		10,489
HAD		12,275	12,275		-
Help@ the Hub		7,200	7,200		-
Covid other		13,050	13,050		-
Family Fun		13,737	-		13,737
Toothbrushing	9,269	-	-		9,269
Total	495,109	368,640	365,606	(251)	497,892
Unrestricted funds:
Generalfunds	207,238	1,031,728	(992,238)	251	246,979
Totalfunds	702,347	1,400,368	(626,632)	=	744,871

Purposes and restrictions in relation to the funds:

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St. George's Lupset Limited

Notes to the Accounts

Restricted funds:

The Big Lottery Fund

St Georges PCC

WMDC Early Years Capital — These grants were given at the inception of the charitable company to Grant fund the acquisition and refurbishment of the premises at Lupset. Coalfields Regeneration Trust Capital Fund

Children in Need

Funds provided aimed at improving wellbeing of young people and lowering antisocial behaviour.

Young Futures Successor project to Children in Need with similar aims and objectives. Social Prescribing Funding provided to provide non-clinical support in GP surgeries

Communityit championsi Funding provided to deal with the effects of and recovery from the Covid WMDC Covid-19 . F : ; ; Covid. other 19 pandemic, including room cleaning and infection control. WMDC Active and Inspired Specific youth projects aimed at challenging antisocial behaviour by engaging hard to reach you people.

Healthy Happy Holidays

Connecting Communities

Funding from central government to deliver activities during school holidays and promoting healthy eating.

Funding to provide services and activities aimed at older people.

18 Analysis of net assets between funds

Analysis of netnet assets between funds
		Unrestricted funds	Restricted funds	Total
		£	£	£
Fixed assets		17,419	352,358	369,777
Net current assets		263,766	145,534	409,300
Creditors due in morethan one year and Pr provisions		(34,206)	-	(34,206)
		246,979	497,892	744,871
Reconciliation of net debt
	At1		New	At 31
	September		HP/Financ	August
	2020	Cash flows	e leases	2021
	£	£	£	£
Cash and cash equivalents	332,818	64,468		397,286
	332,818	64,468	.	397,286
Borrowings	(38,863)	3,147		(35,716)
	(38,863)	3,147	-	(35,716)
Netdebt	293,955	67,615	-	361,570

19 Reconciliation of net debt

Page 23

St. George's Lupset Limited

Notes to the Accounts

20 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 24

St. George's Lupset Limited

Detailed Statement of Financial Activities

for the year ended 31 August 2021

	Unrestricted	Restricted
	funds	funds	Totalfunds	Total funds
	2021	2021	2021	2020
	£	£	£	£
Income and endowments from:
Donations and legacies
Donations and projectfees	18,073	-	18,073	4,239
Grants received	45,128	368,640	413,768	219,493
	63,201	368,640	431,841	223,732
Charitable activities
Nursery Education Fund	449,713	-	449,713	454,920
Childcare fees	423,164	-	423,164	301,473
	872,877	-	872,877	756,393
Fundraising activities
Fundraising events	-	-	-	530
	-	-	-	530
Other
Salary recharges	11,915	-	11,915	36,359
Room hire	59,344	-	59,344	61,693
Coffee shop takings	-	-	-	12,712
Activityfees	998	-	998	2,778
Training and service provision	-	-	-	432
Mini bus income	.	-	-	4,441
Other income	23,393	-	23,393	12,785
	-	-	-	95,064
	95,650	-	95,650	226,264
Total income andendowments	1,031,728	368,640	1,400,368	1,206,919
Expenditure on:
Costs ofothertrading activities
Fundraising events	-	.	-	262
	-	-	-	262
Total ofexpenditure on raising funds	.	-	-	262
Charitable activities
Wages& salaries	741,956	207,677	949,633	904,952
Social security costs	54,299	-	54,299	48,730
Pension costs	20,461	-	20,461	19,060
Training costs	1,082	856	1,938	6,015
Recruitment and DBS costs	1,451	679	2,130	1,463
Other staffcosts	2,025	178	2,203	1,372
Minibus expenses	486	517	1,003	4,712
Motorand travelling expenses	1,151	4,352	5,503	5,465
Activitycosts	-	1,104	1,104	4,429

Page 25

St. George's Lupset Limited

Detailed Statement of Financial Activities

Room hire	675	4,065	4,740	-
Food	18,980	9,914	28,894	19,456
Health, safety and hygiene	10,591	3,619	14,210	9,484
Educational consumables and equipriant	12,769	9,936	22,705	17,638
Promotion and publicity	2,348	385	2,733	1,030
Stationery and software	9,629	4,612	14,241	9,622
Equipment repairs and renewals	9,138	1,560	10,698	10,096
Photocopier	7,355	243	7,598	6,687
Grants given	-	8,472	8,472	-
Other costs	3,292	510	3,802	1,418
Reallocation between funds	(23,492)	23,492	-	-
	874,196	282,171	1,156,367	1,071,629
Governance costs
Auditors remuneration	3,407	2,233	5,640	5,460
Othergovernance costs	137	-	137	277
	3,544	2,233	5,777	5,737
Total ofexpenditure on charitable activities	877,740	284,404	1,162,144	1,077,366
Other expenditure
Other interest payable	1,510	-	1,510	1,475
	1,510	-	1,510	1,475
Premises costs
Rent	30,436	2,143	32,579	31,166
Room hire	-	-	-	1,800
Light, heat and power	4,208	2,544	6,752	10,274
Premises repairs and maintenance	41,007	30,489	71,496	59,158
Other premises costs	7,294	-	7,294	8,852
	82,945	35,176	118,121	111,250
General administrative costs, including
depreciation and amortisation
Depreciation	1,506	36,591	38,097	44,260
Bank charges	654	-	654	995
Equipment repairs and maintenance	,	:	.	ae
General insurances	5,956	5,827	11,783	6,644
Postage and couriers	-	-	-	10,199
Subscriptions	6,680	111	6,791	3,959
Sundry expenses	2,248	774	3,022	7,241
Telephone, faxand broadband	7,833	299	8,132	50
	24,877	43,602	68,479	73,816
Legal and professional costs
Other legal and professional —	5,166	2,424	7,590	10,130

Page 26

St. George's Lupset Limited

Detailed Statement of Financial Activities

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||||||||| |---|---|---|---|---|---|---|---| |5,166|2,424|7,590|10,130| |Total|of expenditure|of other|costs|114,498|81,202|195,700|196,671| |Total|expenditure|992,238|365,606|1,357,844|1,274,299| |Net gains|on|investments|-|-|=|2| |Net income/(expenditure)|aalt,490|3,034|42,524|(67,380| |Transfers|between|funds|251|(251)|-|-| |Net|income/({expenditure)|before|other| |;|Hexp|39,741|2,783|42,524|(67,380)| |gains/(losses)| |Other|Gains|-|-|-|.| |Net movement|in|funds|39,741|2,783|42,524|(67,380)| |Reconciliation|of funds:| |Total|funds|brought|forward|207,238|495,109|702,347|769,727| |Total funds|carried|forward|246,979|497,892|744,871|702,347|

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