2023-08-31-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 ofCash flows				14
Notes to the Accounts			15to	22

depreciation was	ig	nored as well as Covid-19 grant income, the revised figures would	be:—
			2023	2022
			E	E
Total unrestricted	funds of		(297)	6,004
Less grant received		for Covid -19Support (see Misc. Income)		(4,322)
Add deprecation	on	fixed assets created by use ofgrants for capital expenditure	15,308	15,308
increase (decrease)		in reserves for the year based on normal trading activities	15,011	16,990

Statement o for the year	f Financial Activi ended 31August	ties 2023
			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes	E	E	E
Income and	endowments
from:
Donations	and legacies		23	23
Charitable	activities		836,068	836,068	763,154
Other			568	568	4,861
Total			836,659	836,659	768,015
Expenditure	on:
Charitable	activities		815,304	815,304	739,434
Other			21,652	21,652	22,577
Total			836,956	836,956	762,011
Net gains on	investments
Net (expenditure)/income			(297)	(297)	6,004
Transfers between funds
Net (expenditure)/income before other gains/(losses)			(297)	(297)	6,004
Other gains and losses
Net movement in funds			(297)	(297)	6,004
Reconciliation	offunds:
Total funds brought forward			527,726	527,726	521,722
Total funds carried forward			527,429	527,429	527,726

			2023	2022
			E	E
Income			836,659	768,015
Gross income for	the year		836,659	768,015
Expenditure			815,651	739,434
Interest payable			2,227	3,090
Depreciation and	charges	for
impairment offixed assets			19,078	19,487
Total expenditure	for the	year	836,956	762,011
Net (expenditure)/income		before tax
for the year			(297)	6,004
Net (expenditure	)/income	for the year	(297)	6,004

Trinity Gateway Community Services Balance Sheet at 31August 2023	Trinity Gateway Community Services Balance Sheet at 31August 2023
Company No. 07305352		Notes	2023	2022
			6	6
Fixed assets
Tangible assets		9	674,092	693,170
			674,092	693,170
Current assets
Debtors		10	8,174	8,751
Cash at bank and	in hand		4,735	5,349
			12,909	14,100
Creditors: Amount falling due within one year		11	(110,475)	(94,548)
Net current liabilities			(97,566)	(80,448)
Total assets less current liabilities			576,526	612,722
Creditors: Amounts	falling due after more than one year	12	(49,097)	(84,996)
Net assets excluding	pension asset or liability		527,429	527,726
Total net assets			527,429	527,726
The funds ofthe charity
Unrestricted funds		14
General funds			527,429	527,726
			527,429	527,726
Reserves		14
Total funds			527,429	527,726

			2023	2022
			6	f
Cash flows from operating	activities
Net (expenditure)/income	per Statement	of Financial Activities	(297)	6,004
Adjustments for:
Depreciation of property, plant and equipment			19,078	19,487
Dividends, interest and	rents from investments		(568)	(4,861)
Decrease in trade and other receivables			577	5,731
Increase/(Decrease) in	trade and other	payables	1,874	(2,912)
Net cash provided by operating activities			20,664	23,449
Cash flows from investing	activities
Payments for property,	plant and equipment			(628)
Dividends, interest and	rents from investments		568	4,861
Net cash from investing activities			568	4,233
Cash flows from financing	activities
Repayment of borrowings			(54,285)	(53,839)
Net cash used in financing	activities		(54,285)	(53,839)
Net decrease in cash and cash equivalents			(33,053)	(26,157)
Cash and cash equivalents	at the beginning	ofthe year	(12,190)	13,967
Cash and cash equivalents	at the end ofthe year		(45,243)	(12,190)
Components ofcash and cash equivalents
Cash and bank balances			4,735	5,349
Bank overdrafts			(49,978)	(17,539)
			(45,243)	(12,190)

last year and no cha	last year and no cha	nges have been made to accounts for previous years.
Fund accounting
Unrestricted	funds	These are available for use at the discretion ofthe trustees				in furtherance				ofthe
		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 of grants, 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 tothe Charity is reasonably quantifiable,				measurable			and
		material.
Volunteer help		The value of any 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

						Unrestricted	Total	Total
							2023	2022
						23	23
						23	23
4	Income from		charitable		activities
						Unrestricted	Total	Total
							2023	2022
	Early Years	Funding				624,842	624,842	617,974
	Grants Resources					98,167	98,167	36,727
	Fees					112,789	112,789	104,986
	Misc					268	268	3,467
						836,066	836,066	763,154
5	Other income
						Unrestricted	Total	Total
							2023	2022
							E	E
	Coronavirus	support		grant				4,861
	Sundry Income					568	568
						568	568	4,861
6	Expenditure	on charitable			activities
							2023	2022
	Provision of	Preschools					756,145	673,983
	Management		Accountancy				15,959	15,959
	Bank Charges						2,662	2,413
	Insurance						3,291	5,505
	Legal and Professional						2,168	4,344
	Sundry Expenses							98
	Telephone and Internet						6,931	6,876
	Office Costs						8,880	12,107
	Software Costs						18,044	16,979
	Governance	Costs					1,224	1,170
							815,304	739,434

			Unrestricted	Total	Total
				2023	2022
				6	6
Fundraising	costs		347	347
Bank loan and overdraft interest payable			2,227	2,227	3,090
Amortisation,	depreciation,
impairment,	profit/loss	on	19,078	19,078	19,487
disposal offixed assets
			21,652	21,652	22,577

			2023	2022
			6	6
Salaries	and Wages		637,809	565,797
Statutory	Maternity	Pay Rebate	(8,030)	(6,572)
Social Security Costs			20,161	13,354
Pension	Costs		8,829	6,623
			658,769	579,202

The average	during the year was as follows:
	2023	2022
	Number	Number
Preschool Staff	52	51
Admin Staff	4	4
	56	55

9	Tangible fixe	d assets
					Office
			Land and	Preschool
			buildings	Equipment	Equipment tk F&	F	Total
						E
	Cost or revaluation
	At 1September 2022		767,234	75,431	22,147		864,812
	At 31August	2023	767,234	75,431	22,147		864,812
	Depreciation	and
	impairment
	At 1September 2022		91,841	58,554	21,247		171,642
	Depreciation	charge for the	15,309	3,398	371		19,078
	year
	At 31August 2023		107,150	61,952	21,618		190,720
	Net book values
	At 31August 2023		660,084	13,479	529		674,092
	At 31August 2022		675,393	16,877	900		693,170
10	Debtors
				2023			2022
				E			E
	Trade debtors			1,377			3,859
	Other debtors			2,299			630
	Prepayments and accrued income			4,498			4,262
				8,174			8,751
11	Creditors:
	amounts falling due within one year
				2023			2022
				E			E
	Bank loans and overdrafts			59,978			27,539
	Otherloans			25,474			43,860
	Trade creditors			4,797			6,636
	Other taxes and social security			5,080			2,659
	Other creditors			2,255			1,478
	Accruals			10,595			10,595
	Deferred income			2,296			1,781
				110,475			94,548
12	Creditors:
	amounts falling	due after more than one year
				2023			2022
				E			E
	Bank loans and	overdrafts		17,500			27,500
	Otherloans			31,597			57,496
				49,097			84,996

14 Movement	14 Movement	in funds
					Incoming
					resources		At 31
				At 1	(including other	Resources expended	August 2023
				September	gains/losses
				2022	)
					6
Restricted funds:
Unrestricted		funds:
General	funds			527,726	836,659	(836,956)	527,429
Total funds				527,726	836,659	(836,956)	527,429
15 Analysis	ofnet assets between		funds
						Unrestricted
							Total
						funds
						6	6
Fixed assets						674,092	674,092
Net current assets						(97,566)	(97,566)
Creditors provisions	due	in more than one	year and			(49,097)	(49,097)
						527,429	527,429
16 Reconciliation		ofnet debt
					At 1		At 31
					September		August
					2022	Cash flows	2023
					6	6	6
Cash and	cash equivalents				5,349	(614)	4,735
Bank overdrafts					(17,499)	(32,261)	(49,760)
					(12,150)	(32875)	(45025)
Borrowings					(101,356)	44,285	(57,071)
Bankloans					(37,500)	10,000	(27,500)
					(138,856)	54,285	(84,571)
Net debt					(151,006)	21,410	(129,596)

		2023	2023	2022	2022
		Land and		Land and
			Other		Other
		buildings		buildings
		E		E
Operating	leases with expiry date:
Within one year		19,968		19,968
In the second to fifth years inclusive		79,872		79,872
Over five years		237,110		257,078
		336,950		356,918
Pension commitments
			2023		2022
			E		E
The pension cost charge to the company
amounted	to:		8,829		6,623