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2021-03-31-accounts

COMPANY NUMBER: 05261451

CHARITY NUMBER: 1117044

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Directors' (trustees) report 1-2
Accountants report 3
Statement of financial activities 4
Balance sheet 5-6
Statement of cash flows 7
Notes to the financial statements 8-10

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

COMPANY INFORMATION

Company Number: 05261451
Charity Number: 1117044
Trustees: Catherine Sutcliffe-Tasker
Alan Perry
Julie Ann Dawson
Hollie Jane Bentley
Directors: Catherine Sutcliffe-Tasker
Alan Perry
Julie Ann Dawson
Hollie Jane Bentley
Secretary: Hollie Jane Bentley
Registered Office: Whitegate Centre
Victoria Road
Padiham
Lancashire
BB12 8TG

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS (TRUSTEES) REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The directors submit their annual report and the financial statements of the company for the 12 months to the year ended 31 March 2021. The directors are also trustees and have served during the year and up to the date of this report.

Structure, governance and management

Whitegate Early Years Care is a charitable company. That is to say, it is registered with both within the Charity Commission as a charity and with Companies House as a company limited by guarantee, without share capital.

The charity is administered by a Board of Trustees/Directors. The directors are responsible for strategic and financial planning and for identifying and responding to any risks.

The directors of the charitable company are its trustees for the purpose of charity law and the governing documents of the charity are the Memorandum and Articles of Association.

Objectives and activities

To provide a warm, secure and caring environment for children.

To advance the development and education of children primarily under statutory school age.

To provide high standards of education and childcare.

Achievements and performance

The day to day finances of the setting have been efficiently managed throughout the year continuing to adhere to the financial procedures.

Financial review

During the year the charity generated income of £233,858 (2020 was £235,201). The deficit for the year was £13,691 (2020 was deficit £39,535).

The plan for future periods is to produce a surplus.

Page 1

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS (TRUSTEES) REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Statement of trustees' responsibilities

The trustees are responsible for preparing the 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 that for each financial year that shows a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements the trustees are required to:

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

On behalf of the board

Catherine Sutcliffe-Tasker Director 15 December 2021

Page 2

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

ACCOUNTANTS REPORT

FOR THE YEAR ENDED 31 MARCH 2021

In order to assist you to fulfil your duties under the Companies Act 2006 the accounts have been prepared for your approval for the year ended 31 March 2021 which comprises the Statement of financial activities, the Balance sheet, the cash flows statement and the related notes.

It is your responsibility to ensure that Whitegate Early Years Care has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets and liabilities.

You consider that a statutory audit is exempt from the statutory audit requirement for the year.

Page 3

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

Note
Incoming resources
Incoming resources from generating funds:
Activities for generating funds
Incoming resources from charitable activities
3
Total incoming resources
Resources expended
Charitable activities
4
Governance costs
5
Total resources expended
Net incoming/(outgoing) resources for the year/
Net income/(expenditure) for the year
Total funds brought forward
Total funds carried forward		 Unrestricted
2021
2020
funds
£
£
0
0
233,858
233,858
235,201
233,858
233,858
235,201
246,816
246,816
274,736
733
733
0
247,549
247,549
274,736
(13,691)
(13,691)
(39,535)
25,315
25,315
64,851
11,624
11,624
25,315

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

Page 4

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors: amounts falling due within one year
Cash at bank and in hand
11
Creditors: Amounts falling after one year
12
Net Current Assets
Total assets less current liabilities
Net assets
Funds
Unrestricted income funds
Total Funds		 £
£
£
£
22,315
23,490
0
0
34,309
26,918
34,309
26,918
(45,000)
(25,093)
(10,691)
1,825
11,624
25,315
11,624
25,315
11,624
25,315
11,624
25,315
2020
2021		 £
£
£
£
22,315
23,490
0
0
34,309
26,918
34,309
26,918
(45,000)
(25,093)
(10,691)
1,825
11,624
25,315
11,624
25,315
11,624
25,315
11,624
25,315
2020
2021
25,315
25,315
25,315
25,315

The Balance Sheet continues on the following page.

Page 5

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 MARCH 2021 (CONTINUED)

In approving these financial statements as trustees of the company we confirm:

(a) that for the year ended 31 March 2021 the company was entitled to the exemptions of section 477 of the Companies Act 2006;

(b) that an audit has not been required, pursuant of section 476 of the Companies Act 2006;

© ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006:

(d) preparing financial statements which give a true and fair view of the state of affairs of the company.

These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board on 15 December 2021 and signed on behalf by

Catherine Sutcliffe-Tasker

Director

Page 6

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
(Loss)/profit for the financial year
Adjustments for:
Depreciation of tangible assets
Decrease in debtors
Increase in creditors
Net cash generated from operating activities
Cash flows from operating activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents at the end of the year comprise:
Cash at bank and in hand		 2021
2020
£
£
-13,691
-39,535
1,175
1,236
0
7,483
19,907
20,346
7,391
-10,470
0
0
7,391
-10,470
26,918
37,389
34,309
26,919
34,309
26,919

Page 7

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 General Information

Whitegate EYC is a not for profit Company and has no share capital.

2 Accounting policies

2.1 Basis of preparation of financial statements

The financial statements are prepare under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting Charities issued in March 2005 (SORP 2005) and the Companies Act 2006.

2.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income.

2.3 Resources expanded

All expenditure is recognised on an accrual basis.

Expenditure includes VAT which cannot be fully recovered.

2.4 Tangible fixed assets and deprecation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Equipment 5% reducing balance basis

The assets residual value, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 8

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.5 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.7 Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured at amortised cost using the effective interest method.

3 Incoming resources for charitable activities

Fees
Grants
Costs of charitable activities
Staff costs
Support costs
Governance costs
Accountancy fee		 Unrestricted
funds
£
179,783
54,075
233,858
Unrestricted
funds
£
215,395
31,421
246,816
Unrestricted
funds
£
733
733		 2021
2020
Total
Total
£
£
179,783
235,201
54,075
0
233,858
235,201
2021
2021
Total
Total
£
£
215,395
218,122
31,421
56,614
246,816
274,736
2021
2021
Total
Total
£
£
733
0
733
0

4 Costs of charitable activities

5 Governance costs

Page 9

WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Net incoming/(outgoing) resources for the year
Net incoming/(outgoing) resources is stated after
charging depreciation.		 2021
2020
1,175
1,236

7 Employment costs

Wages and salaries
Other costs		 2021
2020
215,183
218,122
211
0
215,395
218,122

The average monthly number of employees during the year was as follows:

2021 2020
21 24

8 Taxation

The charity is exempt from taxation.

9 Tangible fixed assets

10 Cost:
At 1 April 2020
Addition
At 31 March 2021
Depreciation:
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value:
At 31 March 2021
At 31 March 2020
Debtors
Due within one year:
Prepayments
Sundry debtors
Provision for doubtful debts		 Fixtures
and
Fittings
Total
£
£
41,682
41,682
0
0
41,682
41,682
18,192
18,192
1,175
1,175
19,367
19,367
22,315
22,315
23,490
23,490
2021
2020
£
£
0
0
0
0
0
0
0
0
11
12		 Cash and cash equivalents
Cash at bank and in hand
Creditors
Sundry creditors
Loans
Accruals		 2021
2020
£
£
34,309
26,918
34,309
26,918
2021
2020
£
£
0
0
45,000
0
0
25,093
45,000
25,093

13 Related party transactions

There have been no related party transactions throughout the financial year.

14 Company limited by guarantee

Whitegate EYC is a company limited by guarantee and does not have a share capital.

Page 10