2021-08-31-accounts - Trinity Gateway Community Services

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Pages
Trustees' Annual Report
Independent Examiner's	Report
Statement of Financial Activities
Summary Income and Expenditure		Account		12
Balance Sheet				13
Statement ofCash flows				14
Notes to the Accounts			1Sto	22

for the year		ended	31August	2021
					Unrestricted
					funds	Total funds	Total funds
					2021	2021	2020
				Notes	E	E	f
Income and		endowments
from:
Donations		and legacies			1	1	1,925
Charitable		activities			791,077	791,077	786,648
Other					17,892	17,892	31,337
Total					808,970	808,970	819,910
Expenditure		on:
Charitable		activities			780,599	780,599	758,076
Other					22,745	22,745	24,725
Total					803,344	803,344	782,801
Net gains on		investments
Net income					5,626	5,626	37,109
Transfers between			funds
Net income	before		other
gains/(losses)					5,626	5,626	37,109
Other gains	and losses
Net movement in funds					5,626	5,626	37,109
Reconciliation		offunds:
Total funds	brought		forward		516,096	516,096	478,987
Total funds	carried		forward		521,722	521,722	516,096

		2021	2020
		8	E
Income		808,970	819,910
Gross income for the year		808,970	819,910
Expenditure		780,599	758,076
Interest payable		2,732	2,275
Depreciation	and charges for
impairment	offixed assets	20,013	22,450
Total expenditure for the year		803,344	782,801
Net income	before tax for the year	5,626	37,109
Net income	for the year	5,626	37,109

at 31Aug	ust 2021	ust 2021
Company	No. 07305352		Notes	2021	2020
				6	6
Fixed assets
Tangible assets			9	712,029	730,954
				712,029	730,954
Current assets
Debtors			10	13,673	7,494
Cash at	bank and	in hand		13,967	86,057
				27,640	93,551
Creditors:	Amount falling due within one year		11	(79,091)	(123,239)
Net current liabilities				(51,451)	(29,688)
Total assets less current liabilities				660,578	701,266
Creditors:	Amounts	falling due after more than one year	12	(138,856)	(185,170)
Net assets	excluding	pension asset or liability		521,722	516,096
Total net assets				521,722	516,096
The funds	ofthe charity
Restricted	funds		14
Unrestricted funds			14
General	funds			521,722	516,096
				521,722	516,096
Reserves			14
Total funds				521,722	516,096

			2021	2020
			6	f
Cash flows from operating	activities
Net income per Statement	of Financial Activities		5,626	37,109
Adjustments for:
Depreciation of property, plant and equipment			20,013	22,450
Dividends, interest and	rents from investments		(17,892)	(31,337)
Increase in trade and other receivables			(6,179)	(1,306)
(Decrease)/Increase in trade and other		payables	(44,499)	53,695
Net cash (used in)/provided	by operating	activities	(42,931)	80,611
Cash flows from investing	activities
Payments for property,	plant and equipment		(1,088)	(249)
Dividends, interest and	rents from investments		17,892	31,337
Net cash from investing activities			16,804	31,088
Cash flows from financing	activities
Repayment of borrowings			(45,930)	22,292
Net cash (used in)/from financing activities			(45,930)	22,292
Net (decrease)/increase in	cash and cash equivalents		(72,057)	133,991
Cash and cash equivalents	at the beginning	ofthe year	86,024	(47,967)
Cash and cash equivalents	at the end ofthe year		13,967	86,024
Components ofcash and cash equivalents
Cash and bank balances			13,967	86,057
Bank overdrafts				(33)
			13,967	86,024

Going Con	cern	cern
There are	no material		uncertainties about the charity's ability to continue.
Fund accounting
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 ofan 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
legacies			the 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
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			where 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
revaluation		offixed	at the end ofthe year.
assets
Gains/(losses) on			This includes any gain or loss on the sale of investments.
investment		assets

3	Income fr	o	m	donations	a	nd legacies
							Unrestricted	Total	Total
								2021	2020
									1,925
								1	1,925
4	Income from			charitable	activities
							Unrestricted	Total	Total
								2021	2020
	Early Years		funding				677,138	677,138	690,570
	Grants - Resources						32,225	32,225	22,375
	Fees						79,394	79,394	73,095
	Miscellaneous						2,320	2,320	608
							791,077	791,077	786,648
5	Other income
							Unrestricted	Total	Total
								2021	2020
	Coronavirus		rates grant						10,000
	Coronavirus		Job Retention
	Scheme Grant						17,892	17,892	21,337
							17,892	17,892	31,337
6	Expenditure		on charitable			activities
							Unrestricted	Total	Total
								2021	2020
	Provision of		Preschools				719,891	719,891	695,415
	Management			Accountancy			15,959	15,959	15,959
	Bank Charges						2,040	2,040	3,278
	Insurance						4,989	4,989	4,470
	Legal and Professional						2,093	2,093	3,024
	Office Costs						8,534	8,534	7,513
	Software						18,208	18,208	16,980
	Sundry Expenses						290	290	227
	Telephone	and Internet					7,441	7,441	10,202
	Governance		Costs				1,155	1,155	1,008
							780,599	780,599	758,076

Other expenditure
		Unrestricted	Total	Total
			2021	2020
Bank loan and overdraft
interest payable		2,732	2,732	2,275
Amortisation, depreciation,
impairment, profit/loss	on	20,013	20,013	22,450
disposal offixed assets
		22,745	22,745	24,725

Staff costs
The total staff costs	and employee	benefits for the reporting	period are analysed	as
follows:
			2021		2020
Salaries and wages			601,687		580,210
Statutory Maternity	Pay Rebate		(8,744)
Social security costs			15,056		13,167
Pension costs			6,622		5,808
			614,621		599,185

The average monthly	during the year was as follows:
	2021	2020
	Number	Number
Preschool Staff	55	58
Adrnin Staff		4
	59	62

9	Tangible fixe	d assets
					Office
			Land and	Preschool
			buildings	Equipment	Equipment &F&F	Total
	Cost or revaluation
	At 1September 2020		767,234	75,201	20,661	863,096
	Additions			230	858	1,088
	At 31August	2021	767,234	75,431	21,519	864,184
	Depreciation	and
	impairment
	At 1September 2020		60,863	51,307	19,972	132,142
	Depreciation	charge for the	15,669	3,668	676	20,013
	year
	At 31August	2021	76,532	54,975	20,648	152,155
	Net book values
	At 31August	2021	690,702	20,456	871	712,029
	At 31August	2020	706,371	23,894	689	730,954
10	Debtors
				2021		2020
				f		E
	Trade debtors			1,258		742
	Other debtors			780		630
	Prepayments	and accrued income		11,635		6,122
				13,673		7,494
11	Creditors:
	amounts falling due within one year
				2021		2020
				E		E
	Bank loans and overdrafts			10,000		33
	Otherloans			43,839		53,455
	Trade creditors			14,040		14,010
	Other taxes and social security			1,402		2,465
	Other creditors			1,248		966
	Accruals			6,607		2,587
	Deferred income			1,955		49,723
				79,091		123,239
12	Creditors:
	amounts falling due after more than one year
				2021		2020
				E		E
	Bank loans and overdrafts			37,500		50,000
	Otherloans			101,356		135,170
				138,856		185,170

					Incoming
					resources
					(including	Resources	At 31
				At 1 September	other gains/losses	expended	August 2021
				2020	)
					6
	Restricted funds:
	Unrestricted	funds:
	General funds			516,096	808,970	(803,344)	521,722
	Total funds			516,096	808,970	(803,344)	521,722
15	Analysis of net assets between		funds
						Unrestricted
							Total
						funds
						f	6
	Fixed assets					712,029	712,029
	Net current assets					(51,451)	(51,451)
	Creditors due provisions	in more than one	year and			(138,856)	(138,856)
						521,722	521,722
16	Reconciliation	ofnet debt
					At 1		At 31
					September		August
					2020	Cash flows	2021
					6	6	6
	Cash and cash	equivalents			86,024	(72,057)	13,967
					86,024	(72,057)	13,967
	Borrowings				(188,625)	43,430	(145,195)
	Bankloans				(50,000)	2,500	(47,500)
					(238,625)	45,930	(192,695)
	Net debt				(152,601)	(26,127)	(178,728)

Operating lease commitments Annual commitments under non-cancellable	operating leases are	as follows:
	2021	2021	2020	2020
	l.and and		Land and
		Other		Other
	buildings		buildings
	E		E
Operating leases with expiry date:
Within one year	17,956		10,752
In the second to fifth years inclusive	79,872		31,584
Over five years	279,058		224,582
	376,886		266,918

Pension commitments
	2021	2020
	E	E
The pension cost charge to the company
amounted to:	6,622	5,808