REGISTERED COMPANY NUMBER: 06641980 (England and Wales) REGISTERED CHARITY NUMBER: 1127347 

Nag’ 

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Report of the Trustees and 

Unaudited Financial Statements for the Period 1 August 2022 to 31 March 2023 

for 

The Gap (Midlands) 

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- 

Dalton Pardoe Limited Chartered Accountants 794 High Street Kingswinford West Midlands DY6 8BQ 



The Gap (Midlands) 

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## Contents of the Financial Statements for the Period 1 August 2022 to 31 March 2023 

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|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|to|6|
|Notes|to|the|Financial|Statements|7|to|ll|
|Detailed|Statement|of Financial|Activities|12|

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The Gap (Midlands) 

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| faith in Jesus Christ can in Jesus Christ can Jesus Christ can Christ can can bring to them. | FINANCIAL REVIEW ! Financial Review 

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| Registered Charity number | 1127347 

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## Report of the Trustees for the Period 1 August 2022 to 31 March 2023 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 August 2022 to 31 March 2023. The trustees have adopted the provisions of 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 2019). 

## OBJECTIVES AND ACTIVITIES 

## Objectives and aims 

The charity seeks to demonstrate the Christian faith in action. It seeks to offer to marginalised young people, irrespective of circumstances or situation, the opportunities to improve their conditions of life and develop their skills and capabilities, to enable them to participate in society as mature and responsible adults and to demonstrate to them the positive difference a faith in Jesus Christ can in Jesus Christ can Jesus Christ can Christ can can bring to them. 

The charity received income amounting to £27,991 in the year under review (£60,742 : 2022). Expenditure totalled £48,984 for the year under review (£67,125 : 2022) resulting in an overall deficit of £20,993 (Deficit of £6,383 : 2022) 

## \we/ 

Reserves brought forward as at Ist August 2022 totalled £24,203 and as a result the charity's total reserves carried forward at the balance sheet date fell to £3,210. Unrestricted reserves fell from £7,212 to £2,610 overdrawn over the year under review. 

## Reserves policy 

The trustees have established a policy whereby free reserves held by the charity should be maintained at £10,000. This is based on an estimate of four months average expenditure. General reserves carried forward at the balance sheet date were £14,208, 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Governing document 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

The policy and operating decisions of the charity rest with the Directors/Trustees who meet regularly to monitor the activities of the company. New Trustees are appointed by ordinary resolution of the members. The recommendations for appointments are based on the need for the charity to have an appropriate skill and experience to determine charity policies and to monitor implementation of them. 

## Risk management 

## ew 

are in place to provide reasonable assurance against fraud and error. The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls 

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06641980 (England and Wales) 

## Registered office 

Our Place Community Hub Farthing Lane Sutton Coldfield West Midlands B72 IRN 

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The Gap (Midlands) 

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ed 

## Report of the Trustees for the Period 1 August 2022 to 31 March 2023 

Trustees Mrs C Morphet R M Pearse JH Walker D West-Mullen DS Hodkinson P Palser Mrs R L Warren (resigned 5,12.22) 

## Company Secretary 

R M Pearse 

Independent Examiner Colin Dalton FCA Dalton Pardoe Limited Chartered Accountants 794 High Street Kingswinford West Midlands DY6 8BQ 

> Thissmallreportcompanies,has been prepared in accordance with the special provisions of Part 15 of the Companies; Act 2006 relating. to Approved by order ofthe board of trustees on Cbd Reef, RB ose and signed on its behalf by: 7 eel iL, | D West-Mullen - Trustee 

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Independent Examiner's Report to the Trustees of The Gap (Midlands) 

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## Independent examiner's report to the trustees of The Gap (Midlands) (‘the Company’) 

I report to the charity trustees on my examination of the accounts of the Company for the period 1 August 2022 to 31 March 2023. 

## Responsibilities and basis of report 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. 

: 

## Independent examiner's statement 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

   1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 

   3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

- \ey 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


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nas i oe Ce<br>Colin Dalton FCA<br>**----- End of picture text -----**<br>



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| Dalton Pardoe Limited<br>| Chartered Accountants<br>794 High Street<br>‘= KingswinfordWest Midlands<br>**----- End of picture text -----**<br>


DY6 8BQ Date: _&\\2-J2o2E> 

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The Gap (Midlands) 

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## Statement of Financial Activities for the Period 1 August 2022 to 31 March 2023 


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|---|---|---|---|---|---|---|
|Period|
|1.8.22|
|to|Year Ended|
|31.3.23|31.7.22|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|funds£|funds£|funds£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|24,956|3,001|27,957|60,732|
|Investment|income|2|34|-|34|10|
|Total|24,990|3,001|27,991|60,742|
|EXPENDITURE ON|
|Raising|funds|3,238|-|3,238|5,296|
|Charitable|activities|
|- expenditure|31,574|14,172|45,746|61,829|
|—|—_|—|—|
|Total|34,812|14,172|48,984|67,125|
|NET INCOME(EXPENDITURE)|(9,822)|(11,171)|(20,993)|(6,383)|
|RECONCILIATION OF FUNDS|
|Total|funds brought|forward|7,212|16,991|24,203|30,586|
|TOTAL FUNDS CARRIED FORWARD|(2,610)|5,820|3,210|24,203|

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The notes form part of these financial statements 

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The Gap (Midlands) 

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## Balance Sheet 

## 31 March 2023 


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|---|---|---|---|---|---|---|
|31.3.23|31.7.22|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|7|1,706|214|1,920|2,305|
|CURRENT ASSETS|
|Debtors|8|500|-|500|2,356|
|Cash|at bank and|in hand|131|5,606|§,737|21,499|
|631|5,606|6,237|23,855|
|CREDITORS|
|Amounts|falling due within one year|9|(4,947)|-|(4,947)|(1,957)|
|NET CURRENT ASSETS(LIABILITIES)|(4,316)|5,606|1,290|21,898|
|‘wr|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|(2,610)|§,820|3,210|24,203|
|NET ASSETS|(2,610)|5,820|3,210|24,203|
|FUNDS|10|
|Unrestricted|funds|(2,610)|7,212|
|Restricted|funds|5,820|16,991|
|TOTAL FUNDS|3,210|24,203|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023. 

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. 

- _ 

- ~ The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

(b) _ preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

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The Gap (Midlands) 

Balance Sheet - continued 31 March 2023 

ted 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on ep 2 fas. and were signed on its behalf by: 

R M Pearse - Trustee 

— 

The notes form part of these financial statements 

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The Gap (Midlands) 

1. ACCOUNTING POLICIES 

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## Notes to the Financial Statements for the Period 1 August 2022 to 31 March 2023 

## Basis of preparing the financial statements 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been . prepared in accordance with the Charities SORP (FRS 102) '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 2019)’, Financial Reporting | Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## Income 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

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## Expenditure 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## Tangible fixed assets 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance 

## Taxation 

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

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

2. INVESTMENT INCOME 

## ad 

Deposit account interest 

Period 1.8.22 to Year Ended 31.3.23 31.7.22 £ £ 34 10 

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The Gap (Midlands) 

Notes to the Financial Statements - continued for the Period 1 August 2022 to 31 March 2023 

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## 3. NET INCOMEKEXPENDITURE) 

Net income/(expenditure) is stated after charging/(crediting): 


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|---|---|---|---|---|
|Period|
|1.8.22|
|to|Year Ended|
|31.3.23|31.7.22|
|£|£|
|Depreciation|- owned|assets|385|767|

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4. TRUSTEES' REMUNERATION AND BENEFITS 31ThereJuly were 2022. no trustees’ remuneration or other benefits for the period ended 31 March 2023 nor for the year ended 

## Trustees' expenses 

There were no trustees’ expenses paid for the period ended 31 March 2023 nor for the year ended 31 July 2022. 

5. 

## STAFF COSTS 

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


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|---|---|---|---|---|
|Period|
|1.8.22|
|to|Year|Ended|
|31.3.23|31.7.22|
|Administration|4|3|
|No employees received emoluments|in excess of£60,000.|
|6.|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations and|legacies|35,733|24,999|60,732|
|Investment|income|10|-|10|
|Total|35,743|24,999|60,742|
|EXPENDITURE ON|
|Raising|funds|5,296|-|5,296|
|Charitable|activities|
|-|expenditure|37,419|24,410|61,829|
|Total|42,715|24,410|67,125|

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The Gap (Midlands) 

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Ne! 

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## Notes to the Financial Statements - continued for the Period 1 August 2022 to 31 March 2023 


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|6.|COMPARATIVES FOR THESTATEMENTOF FINANCIALACTIVITIES|ACTIVITIES -|continued||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
|||£|£|£|
||NETINCOME((EXPENDITURE)|(6,972)|589|(6,383)|
||RECONCILIATION OF FUNDS||||
||Total funds brought forward|14,184|16,402|30,586|
||TOTALFUNDSCARRIEDFORWARD|7,212|16,991|24,203|
|7.|TANGIBLEFIXED ASSETS||||
|||Fixtures|||
|||and<br>fittings|Computer<br>equipment|Totals|
|||£|£|£|
||COST<br>At 1 August2022 and 31 March2023|3,085|2,360|5,445|
||DEPRECIATION||||
||At | August2022|2,550|590|3,140|
||Charge foryear|90|295|385|
||At31 March 2023|2,640|885|3,525|
||NET BOOKVALUE||||
||At31 March2023|445|1,475|1,920|
||At 31 July2022|535|1,770|2,305|
|8.|DEBTORS: AMOUNTSFALLING DUEWITHINONE YEAR||||
||||31.3.23|31.7.22|
||||£|£|
||Trade debtors||-|255|
||Otherdebtors||500<br>—|2,101<br>ee|
||||500|2,356|
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The Gap (Midlands) 

9, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 

\p/ 

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## Notes to the Financial Statements - continued for the Period I August 2022 to 31 March 2023 

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||||31.3.23|31.7.22|
|---|---|---|---|---|
||||£|£|
||Trade creditors||404|246|
||Social securityand othertaxes||1,031|648|
||Othercreditors||2,816|418|
||Accrued expenses||696|648|
||||4,947|1,957|
|10.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1.8.22|in funds|31.3.23|
|||£|£|£|
||Unrestricted funds||||
||General fund|7,212|(9,822)|(2,610)|
||Restricted funds||||
||Headspace Project|6,991|(5,630)|1,361|
||YouthWorker|10,000|(5,541)|4,459|
|||16,991|(1,171)|5,820|
||TOTALFUNDS|24,203|(20,993)|3,210|
||Net movement in funds, included in the above are as follows:||||
|||Incoming<br>resources|Resources<br>expended|Movement<br>in funds|
|||£|£|£|
||Unrestricted funds||||
||General fund|24,990|(34,812)|(9,822)|
||Restricted funds||||
||Headspace Project<br>YouthWorker|3,001<br>-<br>3,001|(8,631)<br>(5,541)<br>maaan<br>(14,172)|(5,630)<br>(5,541)<br>—<br>(11,171)|
||TOTALFUNDS|27,991<br>===|(48,984)<br>=—=—_==|(20,993)<br>=—_—_==|



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The Gap (Midlands) 

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## Notes to the Financial Statements - continued for the Period 1 August 2022 to 31 March 2023 

## 10. MOVEMENT IN FUNDS- continued 

## Comparatives for movement in funds 


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|||||||
|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.8.21|in|funds|31.7.22|
|£|£|£|
|Unrestricted|funds|
|General|fund|14,184|(6,972)|7,212|
|Restricted|funds|
|Headspace|Project|16,402|(9,411)|6,991|
|Youth|Worker|-|10,000|10,000|
|16,402|589|16,991|
|TOTAL FUNDS|30,586|(6,383)|24,203|
|Comparative net movement|in|funds,|included|in the above are as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|35,743|(42,715)|(6,972)|
|Restricted|funds|
|Headspace|Project|7,999|(17,410)|(9,411)|
|Youth|Worker|17,000|(7,000)|10,000|
|24,999|(24,410)|389|
|TOTAL FUNDS|60,742|(67,125)|(6,383)|

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11. RELATED PARTY DISCLOSURES 

\_ 

There were no related party transactions for the period ended 31 March 2023. 

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The Gap (Midlands) 

## Detailed Statement of Financial Activities for the Period 1 August 2022 to 31 March 2023 


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|---|---|---|---|---|---|---|
|Period|
|1.8.22|
|To|Year|ended|
|31.3.23|31.7.22|
|£|£|
|INCOME|AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|and|gifts|13,872|51,006|
|Income|tax recovered|1,997|2,192|
|Grants|12,088|7,494|
|Donated|goods|and|facilities|-|40|
|27,957|60,732|
|Investment|income|
|Deposit account|interest|34|10|
|Total|incoming|resources|27,991|60,742|
|\w/|EXPENDITURE|
|Raising|donations|and|legacies|
|Fundraising agents|3,238|5,296|
|Charitable|activities|
|Wages|39,345|46,849|
|Office|rent|-|5,512|
|Venue|running costs|1,172|547|
|Volunteer|costs|and|expenses|973|1,719|
|Phones and|IT|1,343|1,126|
|Administration|and|other|1,377|4,660|
|No|description|456|-|
|Depreciation|of|tangible|fixed|assets|384|768|
|45,050|61,181|
|Support|costs|
|‘ao!|GovernanceIndependent examination costs|696|648|
|Total|resources expended|48,984|67,125|
|Net expenditure|(20,993)|(6,383)|

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This page does not form part of the statutory financial statements 

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