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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|
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|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|
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|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|
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|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)|
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|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|||||||||||||
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|||||||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|
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||||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|monthly|number of full time equivalent|employees|during the year was as follows:||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Number|Number|
|Preschool Staff||||52|51|
|Admin Staff||||4|4|
|||||56|55|
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|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)|
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|||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|
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