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2021-09-30-accounts

PICCADILLY GARDEN LIMITED

(A COMPANY LIMITED BY GUARANTEE WITHOUT SHARE CAPITAL)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

COMPANY NUMBER: 10395195 CHARITY NUMBER: 1170962

PAGE 1

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

CONTENTS
PAGE
1) SCHEDULE OF BOARD OF DIRECTORS / TRUSTEES 2
2) TRUSTEES REPORT 3 - 5
3) TRUSTEES RESPONSIBILITES 6
4) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES 7
5) STATEMENT OF FINANCIAL ACTIVITIES 8
6) BALANCE SHEET 9
7) NOTES TO THE ACCOUNTS 10 - 18

PAGE 2

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

SCHEDULE OF BOARD OF DIRECTORS/TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2021

Schedule of Board of Directors / Trustees

The Trustees who served during the year and their interest in the share capital of the society were as follows:

Stephen Hughes Janie Kirkman Mike Jones Mark Shackleton John Kirton Tony Lamb (stepped down 14[th] December 2020) Chrissie Rowlinson Nicola Horrax Pamela Hayes David O’Gorman (appointed 12[th] April 2021)

Chair Person

Chrissie Rowlinson

Vice Chair

John Kirton

Company Secretary Janie Kirkman

Company Treasurer Stephen Hughes

People We Support Representative

By James Sweetman

Staff Representative

By Rota

Registered Office

Piccadilly Garden Ltd, Scotforth, Lancaster, LA1 4PX

Bankers

Barclays Bank plc, 38 Market Street, Lancaster, LA1 1HR

Independent Examiners

CWR Chartered Accountants, 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW

PAGE 3

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2021

Chairperson remarks

The year-end report is an opportunity to look back over what we have achieved during the last year and what has continued to be a very turbulent period. But with that came the opportunity to reassess what was core to Piccadilly, namely day services. It enabled us to re-structure and concentrate on our primary service, although regretfully a staff re-structure was necessary to facilitate this.

The team have worked admirably in challenging situations, and we are grateful for all their efforts.

The capital build project funded by the National Lottery's Reaching Communities Fund is a tremendous outcome achieved purely by the hard work, determination and resilience of Stephen our Manager and John, Vice Chair of the Board of Trustees. These new facilities provide the strongest foundations to build and grow Piccadilly when the environment allows. It should not be overlooked that this achievement is set against worldwide raw material shortages and dramatic price increases.

In such turbulent times simply keeping going requires strength and determination and this has been delivered by every member of our staff team, we are still here, we are delivering our services and support to those that need it most and we have the building blocks to emerge from this global pandemic stronger than ever and this is testament to those that we support, our team and our trustees.

About Piccadilly Garden Limited

Piccadilly is primarily a Day Support Service for Young people and adults with learning disabilities, the organisation is over 30 years old and has been a registered charity since January 2017.

Piccadilly found itself closed due to Covid from 19[th] March 2020 to 19[th] October 2020, during that initial 7 months we were unsure of what may lie in store for Piccadilly, a lot of difficult decisions had to be made including the scaling back of the service we offered so we could concentrate on our core business; Day support! With the ongoing changes we had to also reduce the number of people we supported based on advice from central government, department of health and LCC, this meant supporting less than half the levels pre covid, it also meant that we had only one source of income.

Whilst we were closed, we were offered a lifeline from LCC in the form of financial support, we also had help from a National Lottery Grant to help towards covering our overheads and staffing costs, other smaller grants were awarded too, which helped with keeping Piccadilly open and running, however, with all these changes and restructuring we were forced to make a number of redundancies in October 2020.

During our initial closure the whole of the Piccadilly site had to be changed in line with IPC measures (Infection Prevention Control) which meant stripping out all the activity spaces and totally redesigning them in order to accommodate a 2-meter distancing measure. All this work was carried out whilst we were closed in readiness to start accepting people back.

We re-opened on 19[th] October, it was a very different Piccadilly for both staff and those we supported, many restrictions were put in place to safeguard everyone from Covid, new ways of working included the wearing of PPE, regular testing, sanitising stations, social distancing, smaller groups, more regular cleaning including a daily deep clean.

Only 2 months later on the 18[th] December we closed for Christmas, however we found ourselves closing our doors again for a further 3 months due to another national lockdown, again Covid related.

We re-opened again on 22[nd] March 2021, at this point some work had already started on our new Capital works programme, there were many setbacks, due to Covid, including material shortages, delayed start dates for building works etc. but by June 2020 we had the welfare block on site followed by the new biodisc, electrics, and access, which allowed us the use of this long-time awaited toilet and kitchen facilities. After this came the two new activity cabins and carpark area which are almost complete. The Activity cabins when fully accessible will allow us to support more people under IPC measures increasing income and eventually allowing us to hire more staff. We hope to be in a position to offer more spaces by November / December 2021, however this could be delayed due to delays on works required and or additional Covid related setbacks which will affect our ability to increase numbers.

PAGE 4

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2021

Core Values & Principals

While our intent is to serve the people referred to us or those that choose our service, we are aware that our actions may have implications beyond them and affect others. Therefore, we continuously try to be thoughtful, careful and visionary about how and what we do, we feel it is important to highlight the core values of our organisation.

These are;

Our Mission:

To be the local service of choice, helping people who need support to develop their potential as individuals.

When planning the activities for the year, the Trustees have considered the Charity Commissions guidance on Public Benefit.

Our Vision:

A society where everyone is valued.

Grants / Funding received this financial year 2020/2021:

PAGE 5

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] SEPTEMBER 2021

Summary of the year – October 2020 to September 2021

Services at Piccadilly

This is the only service we are running; all other services and forms of income were stopped. As of October 2020, we ran reduced service, this included supporting 9 people in total per day across 5 days, these were then split into 3 smaller groups (Cohorts).

Infection Prevention Control or IPC measure have been in place since October 2020, this includes the wearing of PPE, sanitising stations, smaller groups, social distancing, regular testing and regular and more robust cleaning measures, and only supporting on site! All off site activities have ceased, safety of staff and those we support have been paramount.

Activities on site now include, cooking, baking, arts and crafts, horticulture, exercise such as walking and dog walking, and the use of our newly funded exercise equipment and swings.

Staffing 2020/2021

Restructuring due to Covid

Staff

We have suffered some early setbacks with the planned redundancies, even though we carefully planned how staff will work we have had a number of staff off with health issues related to Covid as well as mental health issues. Overall, the staff team have worked extremely well under all the pressure and uncertainty of the new way of working! We have found that the issues and needs are always changing as we look to grow the business back up, we are hoping that once the new activity cabins are in place and fully operational, we could then look to recruit additional support staff.

We have applied for the new government Kickstart scheme and have 4 Assistant Support Worker posts waiting to be approved, the idea is for these young people to work alongside our full-time support workers, gain experience and become either bank staff or potentially new employees should we be in a position to hire them after their 6 month post with us.

Volunteers

We currently have two volunteers back with us, they are in roles that help support the groups allowing for more one to one work with individuals, again they have found it hard to get used to the new way of working, use of PPE and regular testing, however they have adapted really well and are a huge benefit to us and those we support.

What this means for 2021/2022

There is still a lot of uncertainty around Piccadilly’s future and how it will look, plans that we make are constantly changing with new rules and recommendations by government and the local authority (LCC), we attend regular LCC meetings to gauge potential risks, new ways of working, new IPC measures and try and make a strong plan, especially as we look ahead at the winter period. We do plan and hope that we can increase numbers, along with the development of the site, Piccadilly’s capital works have moved ahead despite the delays and setbacks which will allow us to increase numbers a little but we do hope at some point we can get back to the numbers we once were at pre covid, we also look forward to the days that we can support people back in the community and engage in activities off site again once safe to do so! But our main goal now is to keep people safe and to reduce the monthly deficit in order to be around to help more people in the future.

We do expect small increases in income over the next 6 months and smaller reductions in outgoings, the next six months is going to be very difficult to navigate but we are hopeful that we will survive and then strive to build Piccadilly back up better and stronger than before!

PAGE 6

PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)

TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

The Charity Trustees (who are also the Directors of Piccadilly Garden Limited for the purposes of Company Law) are responsible for preparing a Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

STATEMENT AS TO DISCLOSURE TO OUR INDEPENDENT EXAMINER

In so far as the Trustees are aware at the time of approving our Trustees’ Annual Report:

This report was approved by the Board of Directors on the 7[th] March 2022 and signed on behalf of the Board by:

C Rowlinson

S Hughes

J Kirton

PAGE 7

PICCADILLY GARDEN LIMITED A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

I report on the financial statements of the company for the year ended 30[th] September 2021 as set out on pages 8 to 18.

This report is made solely to the charity’s Trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of Trustees and examiner

The charity's Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of financial statements. The Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Mr R Mitchell For and on behalf of:

CWR Chartered Accountants 20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW

Date: 7[th] March 2022

PAGE 8

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

Notes Unrestricted Restricted Fixed Asset
Total Funds		 Total Funds
Funds Funds Funds 2021 2020
INCOME:
Donations and Grants 2A 182,241 - 172,382 354,623 44,942
Charitable Activities 4 86,814 - - 86,814 248,001
Other Trading Activities 2B 466 - - 466 8,481
Investments 3 11 - - 11 68
TOTAL 269,532 **- ** 172,382 441,914 301,492
EXPENDITURE ON:
Raising Funds 5A - - - - 1,035
Charitable Activities 5B 226,258 - 21,509 247,767 273,463
TOTAL 226,258 - 21,509 247,767 274,498
NET INCOME 43,274 - 150,873 194,147 26,994
Transfers between Funds (42,512) - 42,512 - -
______ ______ ______ ______ _____
NET MOVEMENT IN FUNDS 762 - 193,385 194,147 26,994
RECONCILIATION OF FUNDS:
Total Fund Brought Forward 79,451 - 77,641 157,092 130,098
______ ______ ______ ______
______
Total Funds Carried Forward 80,213 -
271,026		 351,239 157,092

The Statement of Financial Activities includes all gains and losses recognised in the period.

All income and expenditure is derived from continuing activities.

PAGE 9

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 30[TH] SEPTEMBER 2021

Notes
FIXED ASSETS
Tangible Assets
10
CURRENT ASSETS
Stock
Debtors
11
Cash at Bank and in Hand
CURRENT LIABILITIES
Creditors:- Amounts Falling Due Within 1 Year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors:- Amounts Falling Due After 1 Year
TOTAL NET ASSETS
FUNDS OF THE CHARITY
Unrestricted Funds
13
Designated Funds
14
Restricted Funds
15
Fixed Asset Funds
16
TOTAL CHARITY FUNDS		 -
7,730
88,863
96,593
8,725		 Total
2021
263,371
87,868
351,239
-
351,239
9,833
70,380
-
271,026
351,239		 800
11,812
173,476
186,088
94,167		 Total
2020
65,171
91,921
157,092
-
157,092
18,088
61,363
-
77,641
157,092

For the financial year in question the company was entitled to exemption undersection 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

These financial accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The notes at pages 10 to 18 form part of these accounts.

These financial accounts were approved by the Trustees and authorised for issue on the 7[th] March 2022 and are signed on their behalf by: -

C Rowlinson (Director and Trustee) Company Registration Number: 10395195 Charity Number: 1170962

PAGE 10

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

1 ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

(a) Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1[st] January 2019) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Piccadilly Garden Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Due to the work being carried out by the company to improve sustainability, sufficient and appropriate evidence has been obtained to support the Trustees view that the Charity Accounts should be prepared on a Going Concern basis.

(b) Fund Accounting

(c) Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

The following specific policies are applied to particular categories of income:

PAGE 11

PICCADILLY GARDEN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

(d) Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

(e) Financial instruments

(f) Fixed Assets

Individual Fixed Assets costing £100 or more are capitalised at cost.

Depreciation is provided on all Tangible Fixed Assets at rates calculated to write off the costs over their expected useful economic lives.

The principal rates are as follows:

Plant and Equipment 15% Straight Line Leasehold Improvements Over 30 years / 10% Straight Line Motor Vehicles 20% Straight Line

(g) Volunteers and Donated Services and Facilities

The value of services provided by volunteers is not incorporated into these financial statements.

PAGE 12

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

2ADONATIONS AND GRANTS
Unrestricted
Restricted
Coronavirus Job Retention Scheme
LCC Income Generation Scheme
LCC Infection Control Fund
National Lottery Covid Community Support Fund
National Lottery Reaching Communities Grant
Primrose Trust
Albert Hunt Trust
Duchy of Lancaster Benevolent Fund
Francis C Scott Charitable Trust
General donations and fundraising
32,478
35,424
10,887
89,006
-
4,866
2,000
5,000
833
1,747
182,241
-
-
-
-
172,382
-
-
-
-
-
172,382		 2021
Total
32,478
35,424
10,887
89,006
172,382
4,866
2,000
5,000
833
1,747
354,623		 2020
Total
-
-
12,340
-
22,011
-
-
-
5,833
4,758
44,942

2B OTHER TRADING ACTIVITIES

Unrestricted
Restricted
2021
Total
Sale of Goods and Services
466
-
466		 2020
Total
8,481

3 INVESTMENTS

Income arises from interest bearing deposit accounts.

PAGE 13

PICCADILLY GARDEN LIMITED (COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

4 CHARITABLE ACTIVITIES

Unrestricted
Restricted
Revenue Grants and Income
Day Provision
Training Income
Lancashire Break Time
Holiday Activities
Autism Group
TOTAL INCOME FROM CHARITABLE ACTIVITIES

86,814
-
-
-
-
86,814
-
-
-
-
-
**- **		 2021
Total
86,814
-
-
-
-
86,814		 2020
Total
220,995
14,819
4,927
4,477
2,783
248,001

PAGE 14

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

5EXPENDITURE
Unrestricted
Funds
Restricted
Funds
A Raising Funds
Fundraising Costs
-
-
B Charitable Activities
Direct Charitable Expenditure
Purchase of Goods for Resale
1,625
-
Wages and Salaries
108,519
-
Activities
4,516
-
Heat, Light and Water
5,496
-
Repairs and Maintenance
15,440
-
Bank Charges
43
-
Hire of Equipment
871
-
Motoring Expenses
1,757
-
Health and Safety
1,803
-
Profit on disposal of Fixed Assets
-
-
Depreciation
-
21,509
140,070
21,509
Administrative/Management Expenditure
Administration/Management Salaries
55,764
-
Telephone and Internet Costs
1,094
-
Insurance
6,644
-
Printing, Postage and Stationery
485
-
Advertising Marketing and Publicity
223
-
Sundry Expenses Including Computer Costs and Cleaning
10,793
-
Bookkeeping and Payroll Fees
5,389
-
Bad Debt Write Off
-
-
Professional and Membership Fees
3,101
-
Staff Training Costs
320
-
83.813
-
Governance Costs
Independent Examination Fees
2,375
-
Total
2,375
226,258
-
21,509		 2021
Total
-
1,625
108,519
4,516
5,496
15,440
43
871
1,757
1,803
-
21,509
161,579
55,764
1,094
6,644
485
223
10,793
5,389
-
3,101
320
83,813
2,375
2,375
247,767		 2020
Total
1,035
8,124
131,949
5,638
6,962
9,080
71
3,265
4,790
1,465
-
15,484
186,828
61,074
1,448
6,933
807
556
3,673
5,485
1,546
2,706
57
84,285
2,350
2,350
273,463

PAGE 15

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

6 ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

Staff costs were as follows:
Wages and Salaries
Social Security Costs
Pension Costs
Total Staff Costs		 2021
156,108
5,575
2,600
164,283		 2020
182,050
7,866
3,107
193,023

No employee earned £60,000 p.a. or more.

No remuneration or expenses were paid to any Trustee in the current or prior year.

Key management personnel are considered to also be the trustees of the charity. No trustee received remuneration or were reimbursed expenses for the current or prior financial period.

7 STAFF NUMBERS

The average number of employees during the period were as follows:

2021 2020
Direct Charitable Work 6 10
Administration and Management 3 3

8 RELATED PARTY TRANSACTIONS .

No Trustee or related party has had any personal interest in any contract or transaction entered into by the Charity during the year.

9 CORPORATION TAX

The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 on Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

PAGE 16

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

10TANGIBLE ASSETS
Leasehold
Plant and
Motor
Land
Equipment
Vehicles
and
Buildings
Cost
At 1stOctober 2020
103,451
65,196
25,299
Additions
200,576
16,349
2,784
Disposals
-
-
-
__

__
At 30thSeptember 2021
304,027
81,545
28,083
Depreciation
At 1stOctober 2020
64,258
49,042
15,475
Charge for the period
10,351
5,541
5,617
On disposal
-
-
-
_

_
At 30thSeptember 2021
74,609
54,583
21,092
Net Book Value
At 30thSeptember 2021
229,418
26,962
6,991
At 30thSeptember 2020
39,193
16,156
9,824
11DEBTORS
2021
Trade debtors
4,853
Prepayments
1,769
Other debtors
1,108
7,730
12CREDITORS: AMOUNTS FALLING DUE WITHIN 1 YEAR
2021
Trade creditors
2,915
Accruals
3,695
Taxation and Social Security
2,115
Deferred income
-
8,725

Total

193,946

219,709

-

__

413,655

128,775

21,509

-

____

150,284

263,371

65,171
2020
3,152
2,912
5,748
11,812
2020
1,704
2,450
174
89,839
94,167		 Total
193,946
219,709
-
______
413,655		 Total
193,946
219,709
-
______
413,655

128,775
21,509
-
______
150,284
263,371

65,171

PAGE 17

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

13UNRESTRICTED FUNDS
Brought forward
Surplus for the period
Transfer (to) designated fund
Transfer (to) fixed asset funds
Carried forward
14DESIGNATED FUNDS
Brought forward
Transfer from unrestricted funds
Carried forward
15RESTRICTED FUNDS
Brought forward
Surplus/deficit for the period
Transfer to fixed asset funds
Carried forward		 2021
18,088
43,274
(9,017)
(42,512)
9,833
2021
61,363
9,017
70,380
2021
-
-
-
-		 2020
42,912
9,785
(30,567)
(4,042)
18,088
2020
30,796
30,567
61,363
2020
-
10,682
(10,682)
**__ ___- **

Previously the trustees transferred an amount of £100,000 to designated funds to represent approximately six months running costs. During the 2020/2021 accounting period the trustees have transferred £9,017 of these funds to the designated funds.

16 FIXED ASSET FUNDS

Brought forward
Capital income
Deprecation and profit/loss on disposal
Transfer from other funds
Carried forward		 2021
77,641
172,382
(21,509)
42,512
271,026		 2020
56,390
22,011
(15,484)
14,724
77,641

17 ANALYSIS OF ASSETS BETWEEN FUNDS

Unrestricted
Funds
Restricted
Funds
Fixed Asset
Funds
Tangible Fixed Assets
-
-
263,371
Current Assets
88,938
-
7,655
Current Liabilities
(8,725)
-
-
Net Assets at 30thSeptember 2021
_ 80,213
-
271,026		 Total
Funds
263,371
96,593
(8,725)
351,239

PAGE 18

PICCADILLY GARDEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021

18 ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS

At Incoming Outgoing Capitalised At
01/10/2020 Funds Funds Assets 30/09/2021
Francis C Scott Grant - - - - -
LCC Infection Control Fund - - - - -
**- ** - - - **- **