2020-08-31-accounts - Trinity Gateway Community Services

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			Pages
Trustees' Annual Report			2to8
Independent Examiner's	Report		9to10
Statement of Financial Activities
Summary Income and Expenditure		Account		12
Balance Sheet				13
Statement ofCash flows				14
Notes tothe Accounts			15to	22

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		2020	2019
		E	E
Total unrestricted funds of		37,109	(30,156)
Less grants received for Covid-19 support		(31,337)
Add deprecation on fixed assets created	by use ofgrants
for capital expenditure		15,668	15,669
Increase (decrease) in reserves for the year		21,440	(14,487)
based on normal trading activities.

for the year ended 31August	2020
		Unrestricted
		funds	Total funds	Total funds
		2020	2020	2019
	Notes	f	E	E
Income and endowments
from:
Donations and legacies		1,925	1,925	1,034
Charitable activities		786,648	786,648	796,838
Other		31,337	31,337
Total		819,910	819,910	797,872
Expenditure on:
Charitable activities		758,076	758,076	801,327
Other		24,725	24,725	26,701
Total		782,801	782,801	828,028
Net gains on investments
Net income/(expenditure)		37,109	37,109	(30,156)
Transfers between funds
Net income/(expenditure) before other gains/(losses)		37,109	37,109	(30,156)
Other gains and losses
Net movement in funds		37,109	37,109	(30,156)
Reconciliation offunds:
Total funds brought forward		478,987	478,987	509,143
Total funds carried forward		516,096	516,096	478,987

				2020	2019
				6	E
Income				819,910	797,872
Gross income for		the year		819,910	797,872
Expenditure				758,076	801,327
Fundra ising	costs				70
Interest payable				2,275	3,151
Depreciation	and	charges	for
impairment	offixed assets			22,450	23,480
Total expenditure		for the	year	782,801	828,028
Net income/(expenditure)			before tax
forthe year				37,109	(30,156)
Net income	/(expenditure		)for the year	37,109	(30,156)

Trinity Gateway Community Services Balance Sheet at 31August 2020	Trinity Gateway Community Services Balance Sheet at 31August 2020
Company No. 07305352		Notes	2020	2019
			6	6
Fixed assets
Tangible assets		9	730,954	753,155
			730,954	753,155
Current assets
Debtors		10	7,494	6,188
Cash at bank and	in hand		86,057	1,737
			93,551	7,925
Creditors: Amount falling due within one year		11	(123,239)	(108,925)
Net current liabilities			(29,688)	(101,000)
Total assets less current liabilities			701,266	652,155
Creditors: Amounts	falling due after more than one year	12	(185,170)	(173,168)
Net assets excluding	pension asset or liability		516,096	478,987
Total net assets			516,096	478,987
The funds ofthe charity
Restricted funds		13
Unrestricted funds		13
General funds			516,096	478,987
			516,096	478,987
Reserves		13
Total funds			516,096	478,987

				2020	2019
				E	6
Cash flows from operating	activities
Net income/(expenditure)	per Statement	ofFinancial Activities		37,109	(30,156)
Adjustments for:
Depreciation of property, plant and equipment				22,450	23,480
Other income with regards to Coronavirus.				(31,337)	(1,034)
(Increase)/Decrease in trade and other		receivables		(1,306)	5,084
Increase in trade and other payables				53,695	425
Net cash provided by/(used	in) operating	activities		80,611	(2,201)
Cash flows from investing	activities
Payments for property,	plant and equipment			(249)	(3,102)
Other income with regards to Coronavirus.				31,337	1,034
Net cash from/(used in) investing activities				31,088	(2,068)
Cash flows from financing	activities
Additional borrowings				22,292	(34,316)
Net cash from/(used in) financing activities				22,292	(34,316)
Net increase/(decrease) in	cash and cash equivalents			133,991	(38,585)
Cash and cash equivalents	at the beginning		ofthe year	(47,967)	(9,382)
Cash and cash equivalents	at the end ofthe		year	86,024	(47,967)
Components ofcash and cash equivalents
Cash and bank balances				86,057	1,737
Bank overdrafts				(33)	(49,704)
				86,024	(47,967)

Fund accoun	Fund accoun	ting
Unrestricted		funds	These are available for use at the discretion ofthe trustees in furtherance			of	the
			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 of an appeal.
Income
Recognition		of	Income is included in the Statement of Financial Activities (SoFA)		when the	charity
income			becomes entitled to, and virtually certain to receive, the	income	and the amount				of
			the 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 by way ofgrants, donations and gifts		is included	in the the
legacies			SoFA when receivable and only when the Charity has unconditional entitlement						to the
			income.
Tax reclaims		on	Income from tax reclaims is included in the SoFA at the same time as the gift/donation
donations	and gifts		to which it relates.
Donated services			These are only included in income (with an equivalent amount in		expenditure)			where
and facilities			the benefit to the Charity is reasonably quantifiable, measurable		and material.
Volunteer	help		The value ofany volunteer 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 resulting from revaluing investments		to market		value at
revaluation	offixed		the end ofthe year.
assets
Gains/(losses)		on	This includes any gain or loss on the sale of investments.
investment	assets

s to the Ac	counts
Expenditure
Recognition	of		Expenditure is recognised	on an accruals basis. Expenditure			includes		any VAT which
expenditure			cannot be fully recovered,	and is reported as part	ofthe expenditure				to which it
			relates.
Expenditure	on		These comprise the costs	associated with attracting		voluntary		income, fundraising
raising funds			trading costs and investment management costs.
Expenditure	on		These comprise the costs	incurred by the Charity	in	the delivery of its activities and
charitable activities			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	by the trustees at the end ofthe year but not yet						paid.
Governance	costs		These include those costs	associated with meeting		the 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.
Other expenditure			These are support costs not allocated to a particular activity.
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	offeach asset over				its estimated
usefullife:
Leasehold property			2%Straight line
Preschool Equipment			10 —33%Straight	line
Office Equipment		& F gr F 25 —33%Straight		line

3	Income fro	m	donations	and legacies
					Unrestricted	Total	Total
						2020	2019
						6
					1,925	1,925	1,034
					1,925	1,925	1,034
4	Income from		charitable	activities
					Unrestricted	Total	Total
						2020	2019
	Early Years	funding			690,570	690,570	655,514
	Grants - Resources				22,375	22,375	25,101
	Fees				73,095	73,095	114,130
	Miscellaneous				608	608	2,093
					786,648	786,648	796,838
5	Other income
					Unrestricted	Total	Total
						2020	2019
	Coronavirus		rates grant		10,000	10,000
	Coronavirus	Job Retention
	Scheme Grant				21,337	21,337
					31,337	31,337

6	Expenditure	on charita	ble activities
				Unrestricted	Total	Total
					2020	2019
	Provision of	Preschools		695,415	695,415	734,318
	Management	Accountancy		15,959	15,959	17,418
	Bank Charges			3,278	3,278	2,982
	Insurance			4,470	4,470	4,506
	Legal and Professional			3,024	3,024	7,186
	Office Costs			7,513	7,513	6,694
	Software			16,980	16,980	16,730
	Sundry Expenses			227	227	579
	Telephone and internet			10,202	10,202	9,612
	Governance	Costs		1,008	1,008	1,302
				758,076	758,076	801,327
7	Other expenditure
				Unrestricted	Total	Total
					2020	2019
	Fundraising	costs				70
	Bankloan and overdraft
	interest payable			2,275	2,275	3,151
	Amortisation,	depreciation,
	impairment,	profit/loss	on	22,450	22,450	23,480
	disposal offixed assets
				24,725	24,725	26,701

	2020	2019
Salaries and wages	580,210	592,030
Social security costs	13,167	15,200
Pension costs	5,808	4,739
	599,185	611,969

The average	during the year was as follows:
	2020	2019
	Number	Number
Preschool Staff	58	62
Admin Staff
	62	66

				Office
		Land and buildings	Preschool Equipment	Equipment Bcp&F	Tota I
				E
Cost or revaluation
At 1September 2019		767,234	74,952	20,661	862,847
Additions			249		249
At 31August	2020	767,234	75,201	20,661	863,096
Depreciation	and
impairment
At 1September 2019		45,195	45,350	19,147	109,692
Depreciation	charge forthe	15,668	5,957	825	22,450
year
At 31August	2020	60,863	51,307	19,972	132,142
Net book values
At 31August	2020	706,371	23,894	689	730,954
At 31August	2019	722,039	29,602	1,514	753,155

10	Debtors
						2020		2019
						6		6
	Trade debtors					742		1,168
	Other debtors					630		630
	Prepayments		and accrued income			6,122		4,390
						7,494		6,188
11	Creditors:
	amounts falling due within one year
						2020		2019
						f		f
	Bank loans	and overdrafts				33		49,704
	Otherloans					53,455		43,165
	Trade creditors					14,010		9,710
	Other taxes	and social		security		2,465		4,106
	Other creditors					966		1,279
	Accruals and deferred			income		52,310		961
						123,239		108,925
12	Creditors:
	amounts falling due after more than one
	year
						2020		2019
						6		6
	Bank loans and overdrafts					50,000
	Otherloans					135,170		173,168
						185,170		173,168
13	Movement	in	funds
						Incoming
					At 1 September	resources (including other	Resources expended	At 31August 2020
					2019	gains/losses)
						6
	Restricted funds:
	Unrestricted	funds:
	General funds				478,987	819,910	(782801)	516,096
	Revaluation	Reserves:
	Total funds				478,987	819,910	(782,801)	516,096

Analysis	of net assets	between funds
						Unrestricted	Total
						funds
						E	E
Fixed assets						730,954	730,954
Net current assets						(29,688)	(29,688)
Creditors	due in more	than one year and				(185,170)	(185,170)
provisions
						516,096	516,096
Commitments
Operating	lease commitments
Annual commitments		under non-cancellable	operating	leases are as follows:
			2020		2020	2019	2019
			Land	and	Other	Land and	Other
			buildings			buildings
				E		E
Operating	leases with	expiry date:
Within	one year		10,752			19,320
In the second to fifth		years inclusive	31,584			46,816
Over five years			224,582			234,849
			266,918			300,985
Pension commitments
					2020		2019
					E		E
The pension cost charge to the company
amounted	to:				5,808		4,739