2022-08-31-accounts - Trinity Gateway Community Services

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

		2022	2021
		E	E
Total unrestricted	funds of	6,004	5,626
Less grant received for Covid -19Support (see Misc. Income)		(4,322)	(16,853)
Add deprecation	on fixed assets created buy use ofgrants for capital expenditure	15,308	15,669
Increase(decrease	) in reserves for the year based on normal trading activities.	16,990	4,442

Statement o for the year	fFinancial Activiti ended 31August	es 2022
			Unrestricted
			funds	Total funds	Total funds
			2022	2022	2021
		Notes	E	E	E
Income and	endowments
from:
Donations	and legacies				1
Charitable	activities		763,154	763,154	791,077
Other			4,861	4,861	17,892
Total			768,015	768,015	808,970
Expenditure	on:
Charitable	activities		739,434	739,434	780,599
Other			22,577	22,577	22,745
Total			762,011	762,011	803,344
Net gains on	investments
Net income			6,004	6,004	5,626
Transfers between funds
Net income	before other
gains/(losses)			6,004	6,004	5,626
Other gains	and losses
Net movement in funds			6,004	6,004	5,626
Reconciliation offunds:
Total funds brought forward			521,722	521,722	516,096
Total funds carried forward			527,726	527,726	521,722

		2022	2021
		f	E
Income		768,015	808,970
Gross income for the year		768,015	808,970
Expenditure		739,434	780,599
Interest payable		3,090	2,732
Depreciation	and charges for
impairment	offixed assets	19,487	20,013
Total expenditure for the year		762,011	803,344
Net income	before tax for the year	6,004	5,626
Net income	forthe year	6,004	5,626

Trinity Gateway Community Services Balance Sheet at 31August 2022	Trinity Gateway Community Services Balance Sheet at 31August 2022
Company No. 07305352		Notes	2022	2021
			6	f
Fixed assets
Tangible assets		9	693,170	712,029
			693,170	712,029
Current assets
Debtors		10	8,751	13,673
Cash at bank and	in hand		5,349	13,967
			14,100	27,640
Creditors: Amount falling due within one year		11	(94,548)	(79,091)
Net current liabilities			(80,448)	(51,451)
Total assets less current liabilities			612,722	660,578
Creditors: Amounts	falling due after more than one year	12	(84,996)	(138,856)
Net assets excluding	pension asset or liability		527,726	521,722
Total net assets			527,726	521,722
The funds ofthe charity
Restricted funds		14
Unrestricted funds		14
General funds			527,726	521,722
			527,726	521,722
Reserves		14
Total funds			527,726	521,722

			2022	2021
			f	6
Cash flows from operating	activities
Net income per Statement	of Financial Activities		6,004	5,626
Adjustments for:
Depreciation ofproperty, plant and equipment			19,487	20,013
Dividends, interest and	rents from investments		(4,861)	(17,892)
Decrease/(Increase) in trade and other		receivables	5,731	(6,179)
Decrease in trade and other payables			(2,912)	(44,499)
Net cash provided by/(used	in) operating	activities	23,449	(42,931)
Cash flows from investing	activities
Payments for property,	plant and equipment		(628)	(1,088)
Dividends, interest and	rents from investments		4,861	17,892
Net cash from investing activities			4,233	16,804
Cash flows from financing activities
Repayment of borrowings			(53,839)	(45,930)
Net cash used in financing	activities		(53,839)	(45,930)
Net decrease in cash and cash equivalents			(26,157)	(72,057)
Cash and cash equivalents	at the beginning	ofthe year	13,967	86,024
Cash and cash equivalents	at the end ofthe year		(12,190)	13,967
Components ofcash and cash equivalents
Cash and bank balances			5,349	13,967
Bank overdrafts			(17,539)
			(12,190)	13,967

last year and no chan	last year and no chan	last year and no chan	ges have been made to accounts for previous years.
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 atthe same time asthe
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

							Total	Total
							2022	2021
4	Income from		charitable	activities
						Unrestricted	Total	Total
							2022	2021
	Early Years	funding				617,974	617,974	677,138
	Grants - Resources					36,727	36,727	32,225
	Fees					104,986	104,986	79,394
	Miscellaneous					3,467	3,467	2,320
						763,154	763,154	791,077
5	Other income
						Unrestricted	Total	Total
							2022	2021
	Coronavirus		support grant			4,861	4,861	17,892
						4,861	4,861	17,892
6	Expenditure		on charitable		activities
						Unrestricted	Total	Total
							2022	2021
	Provision ofPreschools					673,983	673,983	719,891
	Management		Accountancy			15,959	15,959	15,959
	Bank Charges					2,413	2,413	2,040
	Insurance					5,505	5,505	4,989
	Legal and Professional					4,344	4,344	2,093
	Office Costs					12,107	12,107	8,534
	Software					16,979	16,979	18,208
	Sundry Expenses					98	98	290
	Telephone	and Internet				6,876	6,876	7,441
	Governance		Costs			1,170	1,170	1,155
						739,434	739,434	780,599

Other expenditure
		Unrestricted	Total	Total
			2022	2021
Bank(eau and overdraft interest payable		3,090	3,090	2,732
Amortisation, depreciation,
impairment, profit/loss	on	19,487	19,487	20,013
disposal offixed assets
		22,577	22,577	22,745

			2022	2021
			f	6
Salaries	and Wages		565,797	601,687
Statutory	Maternity	Pay Rebate	(6,572)	(8,744)
Social security costs			13,354	15,056
Pension	Costs		6,623	6,622
			579,202	614,621

The average monthly	during the year was as follows:
	2022	2021
	Number	Number
Preschool Staff	51	55
Admin Staff
	55	59

9	Tangible fixe	d assets
					Office
			Land and	Preschool
			buildings	Equipment	Equipment &F&F	Total
					E	E
	Cost or revaluation
	At 1September 2021		767,234	75,431	21,519	864,184
	Additions				628	628
	At 31August	2022	767,234	75,431	22,147	864,812
	Depreciation	and
	impairment
	At 1September 2021		76,532	54,975	20,648	152,155
	Depreciation	charge for the	15,309	3,579	599	19,487
	year
	At 31August	2022	91,841	58,554	21,247	171,642
	Net book values
	At 31August	2022	675,393	16,877	900	693,170
	At 31August	2021	690,702	20,456	871	712,029
10	Debtors
				2022		2021
				f		E
	Trade debtors			3,859		1,258
	Other debtors			630		780
	Prepayments	and accrued income		4,262		11,635
				8,751		13,673
11	Creditors:
	amounts falling due within one year
				2022		2021
				E		E
	Bank loans and overdrafts			27,539		10,000
	Otherloans			43,860		43,839
	Trade creditors			6,636		14,040
	Other taxes and social security			2,659		1,402
	Other creditors			1,478		1,248
	Accruals			10,595		6,607
	Deferred income			1,781		1,955
				94,548		79,091
12	Creditors:
	amounts falling due after more than one year
				2022		2021
				f		f
	Bank loans and overdrafts			27,500		37,500
	Otherloans			57,496		101,356
				84,996		138,856

14	Movement in funds
				Incoming
				resources
						At 31
			At 1 September	(including other gains/losses	Resources expended	August 2022
			2021	)
				6
	Restricted funds:
	Unrestricted funds:
	General funds		521,722	768,015	(762,011)	527,726
	Totalfunds		521,722	768,015	(762,011)	527,726
15	Analysis ofnet assets between	funds
					Unrestricted
						Total
					funds
					6	f
	Fixed assets				693,170	693,170
	Net current assets				(80,448)	(80,448)
	Creditors due in more than one provisions	year and			(84,996)	(84,996)
					527,726	527,726
16	Reconciliation ofnet debt
				At 1		At 31
				September		August
				2021	Cash flows	2022
				6	f.	6
	Cash and cash equivalents			13,967	(8,618)	5,349
	Bank ove rd rafts				(17,499)	(17,499)
				13,967	(26,117)	(12,150)
	Borrowings			(145,195)	43,839	(101,356)
	Bank loans			(47,500)	10,000	(37,500)
				(192,695)	53,839	(138,856)
	Net debt			(178,728)	27,722	(151,006)

Annual co	mmitments under non-cancellable	operating leases are	as follows:
		2022	2022	2021	2021
		Land and	Other	Land and	Other
		buildings		buildings
		E		E
Operating	leases with expiry date:
Within one year		19,968		17,956
In the second to fifth years inclusive		79,872		79,872
Over five years		257,078		279,058
		356,918		376,886
Pension commitments
			2022		2021
			f		E
The pension cost charge tothe company
amounted	to:		6,623		6,622