Trlnlty Gateway Communlty SeNlces Charlty No. 1149050 Company No. 07305352 Tru5tees' Report and Unaudlted Accounts 31 Au8USt 2024
Trlnlty Gateway Communlty SeNlces Contents Pages Trustees, Annual Report Independent Examiner's Report Statemenl of Financial Activlties li Summary Income and Expenditure Account Balance Sheet 12 13 Statement of Cash flows 14 Notes to the Accounts 15 Detailed Statement of Flnanclal Artlvltles 24to25 Page I
Trinlty Gateway Community Servlces Trustees Annual Report The trustees, who are also dlrectors of the charlty for the purposes of the Companies Act 2006, present thelr report with the unaudlted financlal statements of the charlty for the year ended 31 August 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 07305352 Charity No. 1149050 Registerèd and Prlnclpal Offl¢e Unlt 8 The old Railway Spring Garden Lane G05POrt P012 IFQ Dlrectors and Trustees The Directors of the charltable company are its Trustees for the purpose5 of charity law. The following Directors and Trustee5 served durlng the year.. K.M.G. Beazley S.S. Gardner M.C. Johnson AJ. Williams Key Management Personnel Kim Beazley- Chair of Trustees Sheila Gardner- Managers Team Lead Mlchele Johnson- Finance Accountants Phyllls Cheung FCCA For and on Behalf of Ellyss Llmlted Suite I, Webb House 20 Bridge Road Park Gate, Southampton S0317GE Bankers Barclays Bank 67-69 West Street Fareham P016 OAW Address Line 5 Bankers Lloyds Bank 20- 24 High Street Gosport P012 IDE Page 2
Trlnlty Gateway Community SeNlces Trustees Annual Report STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Charlty is Limited by Guarantee by not havlng share capltal and It Is governed by Artlcles of Associatlon. Appointment of Trustees The first Trustees appointed are Indlvlduals that have Fjeen appolnted as Dlrectors of the Charity by notifylng Companies House. Any subsequent Trustees are then appolnted by a resolution for the existing Trustees. They will abide by the policies, processes, and procedures for safe recruiting of staff and Inductlon of TrLSStees. Organisatlon structure The Charlty Is based in Gosport and consists of, one Pre-school on the Grange Site (Grange Rownerl, one Pre-school at St Columba's URC IElsonl. one Pre-school Bt Lees13nd school ILeeslandland one pre.school and one Breakfast and Afterschool club based at Brockhurst Primary School (Brockhurst Averyl. The tharlty Is a Company Ilmlted by Guarantee with no subsidiarles, there Ss a Board of Trustees (who are a150 dlrectorsl which has the final say on all decisions. Pay decision5 for staff are based on market condltions, while the Livlng Wage is the benchmark for all entry level staff, Irrespectlve of age. Day to day operations are overseen by two of the Trustees and the 4 settlng managers. Documents and information from the Charlty Commls51on and Companles House relating to the roles and responsibilities of Trustees/Directors are used in the indudion and tralning of Tru5teeslDirectors. The charltv has no1Snks With any umbrella group. Related Parties Please see note 20 in the accounts with reference to related party transactions. Public Benefit As indlcated above, the Charity operates pre-schoo15 and a Breakfast and After School Club on the G05port peninsular. We look after approximately 250 children Ithe numbers have decreased from 400 in the previous year, a5 we now have more children wlth 30 hour funding as opposed to the 15 hour funding in previou5 years) durlng term time and provide a safe haven for all children under our care, Irrespectlve of race, rellglon or gender. Because of our location on the Gosport peninsular, we are especlally concerned for the poor and vulnerable who come to our doors. 5ee"Oblectives and Actlvkles", "Our Prlnclples and Phllosophy. and 'Achlevements nd Performance" a5 Outlined further on in the Trustees Annual Report We have given due consideratlon to the Charlty Commlsslon's publlshed guidance on the public requirement under the Charity Act 2011 as updated on 16th September 2013. Page 3
Trlnlty Gateway CommunSty Services Trustees Annual Report OBJECTIVES AND ACTIVITIES l. To provlde opportunltle5 for chlldren to access quallty care and educètion, including spiritual development and faclllties for recreatlon wlthln the community. 2. To provide advice and support for families in respect of chlldcare and early years educatlon. 3. Provlde for all without di5crlmlnation, within a safe and secure environment. Gateway Is a non-sectarfan Early Years charity with a Christlan ethos that permeates our approach to children, families, staff and the wlder communlty, These attitudes express through the qualltles of love, compassion, respect, righteousness, deep understanding, gratltude, and acceptance of the (Ilvlne and unlqueness of every human belng. OUR PRINCIPLES AND PHILOSPHY The alm of Gateway- is to provlde a welcomingi Stimulatin& safe, and happy home-like atmosphere for children. Children should be safe and secure at all times. Staff must be tralnedlexperiented In work with this age group. Each child should have the securlty and the freedom to develop at hislher own pace. children's abilities should be Identified, respected and encouraged in a developmentally appropriate envlronment. A warm secure relationship must exist between the adult and chlld, whlch encourages and enables the child to better use the environment, and through play develop knowledge of themselves and their world. They will learn to 50clalise. develop new skills, make decislon5, develop emotionally and start to Ealn some independence. All adults working with chlldren should be actlvely Involved in plannlng programmes of actlvlty in collaboration with children which promotes chlldren's physical, personal, soclal, emotlonal and Intellectual development. As far as possible, programmes for young chlldren should resemble how they should be cared for at home. Every effort should be made to maintain a happy and relaxed atmosphere for the children, where they are well cared for, where there is an acceptable standard of care and the developmental needs of the chlldren are met including thelr rellglou5 persuasion, racial origin and cultural and linguistic background. All children should be treated equally and wlth respect. D5veTslty should be recognlsed and positively embraced. Parents, families or carers are children's first educators and role models. Partnership with you is vital for chlldren's development and wellbelng. Page 4
Trlnlty Gateway Community SeNlces Trustees Annual Report OUR PRINCIPLES AND PHILOSOPHY leontl An agreed tode of confldentiality approprlate to the childcare setting must be adhered to when working wlth chlldren and famllies. which e5tabllshes clear expectatlons about the sharlng of information whenever there are child protection concerns. Gateway provides nursery and preschool educatlon, plus a Breakfast and Aftersehool Club for approximately 400 families In the Gtrsport Area. At Gateway we follow the Early Years Foundation Stage IEYFS 20211 which Is the framework for the care and education of babies and children up to five years. The areas of learning and development consist of the prime areas and four specific areas. The prlme areas cover the knowledge and skllls which are the foundatlons for children's school readiness and future progress, and which are applied and reinforced by the speciflc areas. Where they have close links with National Currlculum subject area5- particularly literacy and maths- they form an appropriate baseline for the National Curriculum. There are 17 Early Learning Goals. For each goal we must determlne whether children are meeting expected levels, are exceeding them. or are below the expected level, I'emerging'l. The EYFS learnlng and development requlrements comprise.. The seven areas of learning and development and the educatlonal programmes Idescrlbed below),. The eady learnlng goals, whlch summari5e the knowledge, skills and understandlng that all young chlldren should have galned by the end of the Receptlon year,. and the assessment requlrements (when and how practltloners must assess children's achievements. and when and how they should discuss children's progress with parents and/or tarersl. There are seven oreas of learning and development that shape the educational programme. All areas of learnlng and development are Smportant Bnd inter-connected. Three areas are particularly cruclal for igniting thlldren's curlosity and enthuslasm for le3rnin& and for bulldlng thelr capacity to learn, form relatlonshlps and thrlve. These three areas, the prlme areas, are.. l. communication and language,. 2. physlcal development,. and 3. personal, Social and emotSonal development We also support Children in four speclfic areas, through which the three prlme areas are strengthened and applied. The specific areas are: Llteracy Mathematics; Understanding the world; and Expressive arts and design. Finallyi we Involve activitles and experlences for children, as follows. Communlcatlon and language development involves givlng chlldren opportunities to experience a rlch language envlronment; to develop thelr confidence and skills In expressing themselves,. and to Speak and listen In a range of sitUBtlons. Page 5
Trlnlty Gateway Communlty Services Trustee5 Annual Report OUR PRINCIPLES AND PHILOSOPHY Icontl Physlcal development involves provldlng opportunities for young chlldren to be active and interactive,. and to develop their co-ordlnatlon, control. and movement. Chlldren must also be helped to understand the importance of physical aetlvity, and to make healthy choices In relatlon to food. Personal. social and emotlonal development involve5 helplng children to develop a positive sense of themselves. and others,. to form posltlve relationships and develop respect for others,. to develop social skllls and learn how to manage thelr feelings,. to understand approprlate behavlour in groLrps,' and to have confidence in their own abllitles. Literacy development Involves encouraging children to Ilnk sounds and letters and to beBiri to read and wrSte. Children must be given access to a wide range of readlng materlals Ibooks, poem5, and other written materials) to ignite their Interest. Mathematics involves providlng children with opportunities to develop and improve their 5ki115 in countlng. understanding and using numbers, calculating slmple addltSon and subtraction problems; and to describe shapes, spaces, and measures. Understanding the world Involve5 Euiding children to make sense of their physical world and their community through opportunities to explore, observe and find out about people* place5, technology and the environment. Expressive arts and deslgn Involve5 enabling chlldren to explore and play with a wlde range of media and materials, as well as provlding opportunities and encouragement for sharinB their thoughts, Ideas and feelings through a varlety of activlties in art, muslc, movement. dance, role-playt and deslgn and technology. While operating within a Christian ethos, Gateway has a strong commitment to equality and diversity and accommodation is made for those with faith commitment or no-faith commitment. Engaging parents as partners through Ilnks wlth Setting manager and key-person for the childj parents, celebratin8 events such as Mother's Day, Harvest. Easter and Christmas. Consideratlon Is glven to both staff and parents undergoing financial pressure. This is reflect in reducing fees, reducing debts of overdue fees and offerlng free places, with agreement from the Trustees. Gateway has no policy on grant-making or an Investment program. All trustees lactlng In thelr capacity as trustees) and volunteers are valued and appreclated and unpaid. ACHIEVEMENTS AND PERFORMANCE As of 31st August 2024 Gateway operated four Pre-school 5etting5 and an afterschool club in Gosport, catering for over four hundred chlldren. Every member of staff has been encouraged to go on Advanced Chlld Protection Pollcv. closer links wlth local schools contlnue to be establlshed to enable a smooth transition from Preschool to Infant School. Page 6
Trinity Gateway Communlty Services Trustees Annual Report Parents, evenings are very popular wlth parents and further a c105er working relatlonship. The overall qualitv of all Gateway Settings has improved considerably. Staff are happy and there has been very little turnover, bearing in mlnd Gateway employ5 60+ staff. There has been greater emphasls on embedding practices withln each member of Staff. There has been more open communication between staff and trustees and staff meetlngs have become a pla of two-way communication where more feedback from staff is taken on board and acted upon. At a time of financial recession, the popularity of Gateway wlth parents and Children has not been adversely affected. Gatewav contlnues to grow in qualtty. The beneflts of working c105ely with Chlldren's Services and Children'5 Links have been reflerted in safer and more secure practlces throughout the settlngs. FINANCIAL REVIEW The board of Trustees has established a reserves policy of a minimum of three time5 the monthly salary costs. The deflclt for the current year currently stands at1£22,487112023'. a deficit of1£29711. Under charity law, all capltal grants for buildings etc. are required to be shown as income in the year they are received, with the capital asset depreciated over Its useful Ilfe. This distort5 the normal trading results. If property depreciation was18nored as well as any grant income, the revised figures would be:. 2024 2023 Total unrestrlcted funds of 122,4871 12971 Add deprecation on fixed assets created by use of grants for tapltal expendlture 15,309 15,308 Increase Idecreasel in reserves for the year based on normal trading actlvltles 17,1781 15,011 Ongolng Llvlng Wage and Auto-enrolment pension increases in the year, once agaln, are not matched by fundlng Increases. We contlnue to actlvely seek other source5 of funding from grant making bodie5 and the local community. We have not sought to impose extra charges on our familie5 a5 we feel thls Is not helpful for families already struggllng financlally. Any support we will seek from our familie5 will be via voluntary donations only. 2024 has continued to be challenging, but management Informatlon does Indlcate that Gateway will show a surplus for the year ending 31st August 2025. We would like to thank Hampshlre County Council for making 8rants to us by way of 'Sustainability Grants, totalllng £9.998 In the 2023 year and we wlll receive £19,996 In the 2025 year. Mlnlmum Reserves Our Minimum Reserve requirement is c£180.000, belng 3 months, salary costs. The 'free' Reserves are currently below our target range, indeed there are net current liabillties at 31st August 2024 of £126,72012023,£97,5661. However, Gateway has access to loan facilltie5 to ensure there will not be any immedlate cash flow problems. Page 7
Trinity Gateway Community Servl¢es Trustees Annual Report OnBoing risk5 to Gateway These have reduced over the last 3 years, but we are still dependent on Government fundln8 for 90% of our Income, whlle wages cost represents 75% of each setting operatlng costs. All our settlngs are occupying leasehold sites and the Grange lease was renewed on 1st October 2021. However, Increasing wage costs Illvlng wage and auto enrolment penslon costs) together wlth mlnlmal increases In Government Fundlng wlll see the pre-school sector under more pressure in cornlng years. Gateway however, as a charity wlth 4 settings and a good reputation Ss well placed to deal with these opportunitieslchallenges. But we will also seek funding vla Grant making bodles and donations. Itls uncertain how the recent government change5 for more funded hours for children under 4 wlll pan out. PLANS FOR FUTURE PERIODS Our Plans for future periods continue to be broadly to build up our reseNes and pay down our'soft, loans. We currently have plans to create a new unit for children aged 9 months to 2 years old as a Separate facility on our Leesland preschool slte. We have been fortunate to have been granted a Childcare Expanslon Capital Grant from Hampshire County Council. We wlll continue to revlew all our current settings in the Ilght of chlld needs for each setting and viability Iwith special reference to wage costs and other operating costs.) The Trustees are responsible for keeping proper accounting records that dlsclose wlth reasonable accuracy at any time the financial position of the charlty and to enable them to ensure that the financial statements comply with the Companies Act 2C6. The Trustees are also responslljle for safeguarding the assets of the charity and hente taklng reasonable steps for the prevention and detection of fraud and other irregularltles. The above report has been prepared in accordance with the provisions applicable to companies subjert to the small companies reglme as Set out in Part 15 of the Companie5 Act 2006 and in accordance with the Charities SORP IFRS 1021. Slgned on behalf of the board K.M.G. Beazley Trustee .lohnson Trustee 21 May 2025 21 May 2025 Page 8
Trinity Gateway Community Services Independent ExamineTS Report Independent Examiner's Report to the trustees ef Trlnlty Gateway Communlty Servlces I report to the charity trustees on my examlnatlon of the financlal statements of Trlnlty Gateway Communlty Services for the year ended 31 August 2024. Responslbllltles and basls of report As the charlty's trustee5 of the company land also Its dlrectors for the purposes of company law) you are responslble for the preparation of the financial statements in accordance with the requlrements of the Companles Act 20061'the 2006 Act. The trustees Iwho are a150 directors of the charitable company for the purposes of tompany lawl are responsible for the preparatlon of the accounts. The trustees conslder that an audit is not requlred for thi5 year under the Charities Act 2011, 5.144121 (the charltles Act) and that an Independent examlnation 15 needed. The charity's gross Income exceeded £250,000 and l am qualified to undertake the examination by being quallfSed member of The Assoclatlon of Chartered Certlfled Accountsnts. HavlnB satlsfled myself that the charity is not sublect to audlt under company law and Is ellglble for Independent examination, it is my responsibillty to: examine the accounts under s.145 of the Charitles Act- to follow prOdreS lald down In the general Dlrertlons given by the Charlty Commission under S.14515llbl of the charities act,. and to state whether partlcular matters have come to my attentlon. Basls of Independent examlner's report My examination was carrled out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented wlth those records. It also include5 consider3tion of any unusual items or disclosures In the accounts, and seeking explanations from you as trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequerbtly no oplnlon Is given as to whether the accounts present a "true and faiT" view and the report is limited to those matters set Dut in the statement below. Independent examinerfs statement As the charity's gross Income exceeded £250,0( your examiner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCCA, which Is one of the listed bodSes. I have completed my examlnation. I can conflrm that no material matters have come to my attention in connectlon with the examinatlon giving me cause to belleve that: accounting records were not kept in accordance with section 386 of the 2006 Act,. or the financlal statements do not accord with those records; or the financial Statements do not comply wlth the accounting requlrements under sectlon 396 of the 2006 Act other than any requirement that the financial statement5 give a 'true and fair, view which is not a matter considered as part of an independent examination,. or Page 9
Trinity Gateway Community Services Independent Examiner5 Report the financial statements have not been prepared In accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitles appllcable to charities preparing thelr accounts In accordance wlth the Financial Reporting Standard appllcablè in the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In connertlon wlth the examlnatlon to whlch attention should be drawn in this report in order to enable a proper understanding of the ftnancial statements to be reached. Ph eunE FCCA For and on Behalf of Ellyss Limited Suite I, Webb House 20 Bridge Road Park Gate, Southampton 50317GE 21 May2025 Page 10
Trinity Gateway Cornmunity Services Statement of Flnancial Activitles for the year ended 31 August 2024 Unrestrfcted funds Total funds Totsl fund5 2024 2024 2023 Notes Income and endowments from: Donations and legatles Charitable activitles Other iii 967,022 2,228 23 967,022 2,228 836,068 568 Totsl 969,249 969,249 836.659 Expendlture on: Charitable activltles Other 969,744 21,992 969,744 21,992 815,304 21,652 Total 991,736 991,736 836,956 Net galns on investments Net expenditure Transfer5 between funds 122.4871 122,4871 12971 Net expendltuye before other galn5lllossesl 122,4871 122,4871 12971 Other ialns and losses Net movement In funds 122,4871 122,4871 12971 Reconclllatlon ol lunds: Totsl funds brought forward 527,429 527.429 527,726 Total funds carried forward 504,942 504.942 527.429 Page 11
Trlnity Gateway Community Servlces Summary Income and Expendlture Account for the year ended 31 Au8USt 2024 2024 2023 Income 969,249 836,659 Gross Income for the year Expendlture 969,249 836,659 969,744 815,6SI Interest payable 2.601 2.227 Depreclatlon and charges for impairment of flxed assets 19,391 19,078 Total expenditure fi>r the year Net expenditure before tax for the year 991,736 836,956 122,4871 12971 Net expenditure for the year 122,4871 1297 Page 12
Trlnlty Gateway Communlty Servlces Balance Sheet at 31 Au8USt 2024 Company No. 07305352 Notes 2024 2023 Flxed assets Tangible assets li 656,065 656,065 674,092 674,092 Current assets Debtors Cash at bank and In hand 12 8,718 7,619 16,337 1143,0571 1126,7201 529.345 124,4031 504,942 8.174 4,735 12,909 1110,4751 197,5661 576,526 149,0971 527,429 Creditors: Amount falling due withln one yea Net current Ilablllties 13 Totsl assets less current Ilabllltles Creditors: Amounts falllng due after more than one year Net assets excluding pension asset or liability 14 Total net a$tS 504,942 527,429 The funds of the tharSty Restrlcted funds Unrestrlcted funds General funds 16 16 504.942 527,429 504,942 527,429 Reserves 16 Total funds 504,942 527,429 These accounts have been prepared in accordante wlth the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 August 2024 the company was entltled to exemption under sectlon 477 of the Companles Act 2W6 relating to small companie5. The members have not requlred the company to obtaln an audlt In accordance wlth sectlon 476 of the Companies Act 2006. The directors acknowledge their sponSibl11t1eS for complying with the requlrements of the Companies Act 2006 wlth respert to accountlng record5 and the preparation of accounts. Approved by the board on 21 May 2025 And slgned on its behalf by: K.M.G. Beazley Trustee 21 May 2025 ¥4 M.C.lohnso Trustee 21 May 2025 Page 13
Trlnlty Gateway Community Servlces Statement of Cash ftows for the year ended 31 August 2024 2024 2023 Cash flows from operating actlvltles Net expendlture per Statement of Flnonclal Actlvltles 122.4871 12971 Adlustments for: Depreciation of property. plant and equlpment Divldends, interest and rents from investmentg IlncreasellDecrease in trade and other re£elvables Increase In trade and other payables 19.391 {2,6011 15441 17.914 19,078 15681 577 1,874 Net eash provlded by operatlng actlvltles 11.673 20,664 Cash Ilows from investing actlvltles Payments for property, plant and equlpment Dlvldend5, interest and rents from investments 11,3641 2,601 568 Net cash from Investlng actlvltles 1,237 568 Cash flows fiom flnancln8 actlvltle5 Repayment of borrowings 16,3291 154,2851 Net cash used In financing actlvltles 16.3291 154,2851 Net Increa5elldecre35e) in cash and cash equlvalents 6,581 133,0531 Cash and cash equlvalents at the beglnnlng of the year 145,2431 112,1901 Cash and cash equlvalents at the end of the year 138,6621 145,2431 Components of cash and cash equlvalent5 Cash and bank balances Bank overdrafts 7,619 146,2811 4,735 149,9781 138,6621 145,2431 Page 14
Trlnlty Gateway Communlty Services Notes to the Accounts for the year ended 31 Au8USt 2024 l Accountlng pollcles Ba51s of preparatlon The financial statements have been prepared in at¢ordance with Accounting and Reporting by Charltles: Statement of Recommended Practice appllcable to charitie5 preparlng their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021 (effective l January 20151 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 anil the Companles Act 2006. Change In basis of accountlng or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to account5 for prevlous years. Fund accountlng Unre5trlcted funds These are available for use at the dlscretlon of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds whlch include a revaluation reserve repTe5enting the restatement of investment assets at their market values. These are available for use subject to restrictions Imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restricted funds Income Re¢ognition of Income Income Is Included in the Statement of Flnanclal Actlvitles ISOFAI when the charity 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 legacies Voluntary income recelved by way of grants, donatlons and glfts Is Included In the the SOFA wherb recelvable and only when the Charity ha5 unconditlonal entltlement to the ineome. Tax reclalms on Income from tax reclalms Is included in the SOFA at the same time as the donations and gifts giftldonation to whlch It relates. Donated services These are only included In income Iwith an equlvalent amount in expendlturel and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received Is not Included in the accounts. Investment income Thls Is included In the account5 when receivable. Gainslllossesl on Thls includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets G8lns/llos5esl on investment assets Thls In¢lude5 any gain or loss on the sale of investments. Page 15
Trinity Gateway Community Servlces Notes to the Accounts Expenditure Recognition of expendlture Expenditure is recognised on an accruals basls. Expenditure Includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Expendlture on These comprise the cost5 associated wlth attracting voluntary income, raislng funds fundralslng trading costs and Investment management costs. Expendlture on These comprise the costs Incurred by the Charlty in the delivery of Its artlvltles charitable actSvities and servltes in the furtherance of Its objects, including the maklng of grants and governance costs. All grant expendlture is accounted for on an actual paid basi5 plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs assoclated wlth meeting the constltutlonal and Statutory requirements of the Charity, including any auditlindependent examlnatlon fees, costs linked to the strategic management of the Charitv. together wlth a share of other admlnlstratlon costs. These are support costs not allocated to a particular 3Ctivity. Grants payable Governance costs other expenditure Taxatlon The charity is exempt from corporation tax on Its charitable activitie5. Tangible fixed assets and depreclatlon Depreclatlon Ss provided at the following annual rates In order to write off each asset over Its estimated useful Ilfe: Leasehold property Preschool Equipment 2% StTalght Ilne 10. 33% Straight Ilne Office Equlpment & F & F 25 33% Straight line stocks Stock15 Included at the lower of c05t or net realisable value. Donated Items of stock are recognlsed at falr value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents tomprlse cash 3t bank and on hand, demand dep051ts with banks and other short-term highly liquld Investment5 wlth orlglnal maturltles of three months or less and bank overdrafts. In the statement of financial positlon, bank overdrafts are shown wlthln borrowlngs or current Ilabllities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an Integral part of the company's cash management. Page 16
Trinity Gateway Communlty seICe5 Notes to the Ac¢ounts Trade and other credStors Short term creditors are measured at the transactlon price. Other credltors and provislons are recognised where the charity has a present obli8atSon resulting from a past event that wlll probably result in the transfer of fund5 to a third party and the amount due to settle the obligatlon can be measured or estlmated rellably. Credltors and provlslons are normally iecognised at thelr settlement amount after allowlng for any trade discounts due. Leased assets Where the tharlty enters Into a lease whlch entalls taklng substsntially all the risks and rewards of ownership of an asset, the lease is treated as a flnance lease. Leases which do not transfer substantially all the risks and reward5 of ownershlp to charlty are classified as operating leases. Asset5 held under finance leases are initially recognised as assets of the charity at t17elr fair value at the incèptlon of the lease or, if lower, at the present value of the minlmum lease payments. The corresponding Ilabllity to the le550r is included in the balan Sheet date as a finance lease obligation. Lease payments are apportioned between fSnance expenses and reductlon of the lease obllgatlon so as to achieve a constant rate of interest on the remaining balance of the liabillty. Flnance expenses are recognised immedlately, unless they are direetly attributable to qualifyin8 assets, in which case they are capitallsed In accordance wlth the charlty's pollcy on borrowing costs. Assets held under flnance leases are depreclated In the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are recelved to enter into operating lea5e5, such Incentives are recognlsed as a Ilabllity. The aggregate benefit of InntIveS 15 recogni5ed as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for Its employee5. A defined contribution plan is a pension plan under whlch the company pays flxed contributions Into a separate entlty. Once the contributions have been paid the company has no further payments obllgatlons. The contributSons are recognised a5 expenses when they fall due. Amounts not paid are shown in a¢cruals In the balance sheet. The assets of the plan are held separately from the company in independently admlnlstered funds. Recelpt of donated good5, faellltles and serdice5 All donated goods, facilities and services received are recognlsed wlthln Incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company Is Ilmlted by guarantee and has no share capital; thus no single party controls the company. Page 17
Trinity Gateway Community Servlces Notes to the Accounts 3 Statement of Flnanclal Actlvltles- prlor year Unrestrlcted funds Total funds 2023 2023 Income and endowments from: Donation5 and legacles Charitable activltles Other 23 836,068 23 836,068 568 Total 836,659 836.659 Expendlture on: Charitable activities 815,304 815,304 21,652 Other 21,652 Total 836,956 836,956 Net income 12971 12971 Net Income before other Ealnslllosses) other galns and losses: Net movement In funds 12971 12971 12971 12971 Reconciliation of funds: Total funds brought forward Total funds tarrled forward 527.726 527,726 527,429 527,429 4 Income from donatlons and legacle5 Unrestrlcted Total Total 2024 2023 iii li} 23 23 5 Income from charstable artlvltles Unrestrlcted Total Total 2023 2024 Early Years funding Grants- Resources 787,891 76,101 102,144 886 787,891 76,101 102,144 886 624.842 98,168 112,789 269 Fees Mlscellaneous 967,022 967.022 836,068 Page 18
Trinity Gateway ComrnunSty SeNices Notes to the Accounts 6 Other Income Unrestrlcted Total Total 2023 2024 Fund raising income 2,228 2,228 2,228 2,228 568 7 Expendlture on charltable artivltles Unrestrlrted Total 2024 Total 2023 Provision of Preschools 899,078 14,264 1,733 8,119 265 899,078 14,264 1,733 8,119 265 13.282 12,111 19,607 1,285 756,145 15,959 2,662 3,291 2,168 6,931 8,880 18,044 1,224 Management Accountanty Bank Charges Insurance Legal and professional Telephone and Internet Offlce Costs 13,282 12,111 19,607 1,285 Software Costs Governance 969,744 969,744 815.304 8 Other expendlture Unrestrlcted Total Z024 Totsl 2023 Fundralslng costs Bank loan and overdraft interest payable Amortisation, depreciation, Impalrment, profltnoss on dlsposal of fixed assets 347 2,601 2,601 2,227 19,391 19,391 19,078 21.992 21.992 21,652 9 Net expenditure before transfers 2024 2023 Thls is stated after charging: Depreciatlon of owned fixed assets 19,391 19,078 Page 19
Trlnlty Gateway Communlty Services Notes to the Accounts 10 Staff costs The total staff cost5 and employee beneflts for the reporting perlod are analysed as follows.. 2024 2023 SBlaries and Wages Statutory Maternity Pay Rebate Social Security Costs Pension Costs 751,385 12,6301 31,530 12,278 792,563 No employee Teceived employee benefits of more than £60,000 durlng the year12023: nil) The average monthly number of full tlme equivalent employees during the year was as follows: 2024 Number 52 637,809 18,0301 20,161 8,829 658.769 2023 Number 52 Preschool Staff Admln Staff 56 56 The amount recognised in Income and expendlture as an expense in relatlon to defined contribution plans was £12,27812023 £8,829) 11 Tangible flxed assets Offlce Equlpment &F&F Land and bulldings Preschool Equlpment Total Cost or revaluatlon At I September 2023 Additions At 31 August 2024 Depreclatlon and Impalrmenl At I September 2023 Depreciation charge for the year At 31 August 2024 Net book values 767.234 75,431 22.147 1.364 23.511 864,812 1,364 866,176 767,234 75.431 107,150 61,952 21,618 190.720 15,309 3,370 712 19,391 122.459 65,322 22,330 210.111 At 31 August 2024 At 31 August 2023 12 Debtors 644,775 660,084 10,109 13,479 1,181 529 656,065 674,092 2024 2023 Trade debtors Other debtors Prepayments and accrued income 1,546 2.845 4,327 8,718 1.377 2.299 4.498 8,174 Page 20
Trinity Gateway Community SeDA¢es Notes to the Accounts 13 Credltors: amounts falling due within one year 2024 2023 Bank loan5 and overdrafts Other loans Trade Creditors Other taxes and social Security Other credltors Atcruals Deferred income 56,281 43,839 16,606 16,349 2,934 2,913 4,135 143.057 59,978 25,474 4,797 5,080 2,255 10.595 2,296 110,475 14 Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts Other loans 7,500 16,903 24,403 17,500 31,597 49,097 15 Keyjudgements and Assumptlons There have been no speclfic judgements, apart from those Involvlng estlmations, that management has made In the process of applying the entity's accounting policies, which would significantly impact the flnanclal statements. There are no key assumptions made concernlng the future, and other key sources of estlmation uncertainty at the reporting date, that have a significant rlsk of causing a material adjustment to the carrying amount5 of assets and liabllitles wlthin the next reportlng perfod. 16 Movement In funds Incoming resources At31 Resources expended Atl Ilncludlng Septembe other r 2023 gainsl1055esl August 2024 Restrlrted funds: Unrestrlcted funds: General fund5 527,429 969,249 1991,7361 504.942 Total funds 527.429 969.249 1991,7361 504,942 Page 21
Trlnlty Gateway Community Servlces Notes to the Accounts 17 Analysls of net assets between funds Unrestrlcted funds Total Fixed assets Net current assets Creditors due in more than one year and provlslons 656.065 656,065 1126,7201 1126,7201 124,4031 124.4031 504,942 504,942 18 Reconclliation of net debt Atl September 2023 Atyl August 2024 Cash flows Cash and cash equivalents Bank overdrafts 4,735 149,7601 145,0251 2,884 4,059 6,943 7,619 145,7011 138,0821 Borrowings Bank loans 157,0711 127.5001 184.5711 13,6711 10,000 6.329 160,7421 117,500) 178,242) Net debt 1129,5961 13,272 1116,3241 19 Commltments Operatlng lease commltments Annual commitment5 under non-cancellable operating leases are as follows: 2024 Land and building5 2024 2023 2023 Land and Other Other bulldlngs Operating leases with expiry date: Wlthin one year In the second to fifth years incluslve Over five years 19,968 79,872 217,142 316,982 19,968 79,872 237,110 336,950 Pension commltments 2024 2023 The pension cost charge to the company amounted to: 12,277 8,829 Page 22
Trinity Gateway Communlty SeNices Notes to the A¢¢ounts 20 Related party dlsclosures Controlling party At the end of the year Mr K Beazleyfft a Trustee, had a total amount outstanding on the loans made to the charity of £30,00012023.. £116351. Interest of 3.5% above base rate will be pald on the loan. During the year Mrs S Gardner a Trustee, was paid £35,30512023.. £28,7241 as a member of staff and Mrs M John50n, a Trustee. Invoiced the Charity £14,26412023 £15,959) or accountancy and book kèeping services and expenses Incurred on behalf of the charlty. The authority under which these payments were made are the Memorandum and Articles of Assoclation. 21 Publlc Beneftt The Charlty Is a public benefit entlty. 22 Trustee5 Expenses No Trustee expenses have been incurred. Page 23
Trfnity Gateway Communlty Servlces Detalled Statement of Flnanclal Artlvltles for the year ended 31 August 2024 Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and leEacie5 iii iii iii iii 23 23 Charltable actlvltles Early Years fundlng Grants- Resources Fees Miscellaneous 787,891 76,101 102,144 886 967,022 787,891 76,101 102,144 886 967,022 624.842 98.168 112,789 269 836.068 Other Fund raislng Income 2,228 2,228 2,228 2,228 568 568 Total Income and endowmgnts 969,249 969,249 836,659 Expenditure on: Charitable activities Early Years funding 899,078 899,078 899,078 899,078 756,145 756.145 Governance costs Governance Costs 70,666 70,666 70,666 70,666 59,159 59,159 Total of expendSlure on charltable actlvltles 969,744 969,744 815,304 Other expendlture Fundraising costs Bank loan and overdraft interest payable 347 2,601 2,601 2,227 2,601 2.601 2,574 General admlnlstrative costs, including depreciation and amortlsatlon Depreclatlon of land and bulldings Depreciation of Preschool Equipment Depreciatlon of ¢)ffl¢e Equipment &F&F 15,309 15,309 15,309 3,370 3,370 3,398 712 712 371 19,391 21,992 19,391 21,992 19,078 21,652 Total of expendlturo of other costs Page 24
Trinity Gateway Community Service5 Detalled Statement of Finènelal Actlvltles Total eXpendIre Net gains on investments 991,736 991,736 836.956 Net expendlture 122.4871 122,4871 12971 Net expendlture before other galn$lllossesl Other Galns 122,4871 122,4871 12971 Net movement In funds 122,4871 122,4871 12971 Reconclllatlon of funds: Total funds brought foiward 527,429 527,429 527,726 Total tunds carrled forward 504,942 504,942 527,429 Page 25