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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 01424489 (England and Wales) REGISTERED CHARITY NUMBER: 278093

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR

GINGERBREAD CORNER

GINGERBREAD CORNER

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

Reference and Administrative Details 1
Report of the Trustees 2-5
Report of the Independent Auditor 6-7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10-15

GINGERBREAD CORNER

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

Committee of Management E Dixon
F Dussard
L Hitchcock
M Martin
S McKenzie
TM Nero
R O’Neill
S Tomkinson
Chief Executive S Dzendzera
Deputy Chief Executive L Jones
Finance Director P Carter
Charity Registration Number 278093
Company Registration Number 01424489
Registered Office Gingerbread Corner
Grenaby Avenue
Croydon
CR0 2EG
Independent Auditors DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
CR0 1NG
Bankers
 National Westminster plc.
Addiscombe Branch
209 Lower Road,
Croydon
CR9 6RB

1

GINGERBREAD CORNER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees are pleased to present their Report and Audited Financial Statements for the year ended 31 March 2022.

In preparing the annual report and financial statements, the Trustees have adopted the provisions of the Statement of Recommended Practice, Accounting and Reporting for charities (the Charities SORP) issued in 2019. The Trustees’ Report is also a Directors’ Report as required by S417 of the Companies Act 2006 and all the Trustees are also Directors.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Formation and Constitution

The charity was formed in 1976 and registered under The Charities Act 1960 (registration number 278093), becoming a Company Limited by Guarantee (registration number 1424489) in 1979. As such, the liability of the Company Members is limited, where every Member of the Company undertakes to contribute not more than £1 to the assets of the Company in the event that it is wound up while they are a Member or within a year after they cease to be a Member, for the payment of the debts and liabilities of the Company contracted before cessation of Membership, and for the costs, charges and expenses of winding up.

The Company is exempt from taxation.

The income and property of the Company is applied solely towards our objects as set forth in the Memorandum of Association, and Company Members receive no money, directly or otherwise, by way of profit.

Board of Trustees

Gingerbread Corner is controlled by a Board of up to nine Trustees, each of whom is a Company Member.

All Trustees are required to provide two satisfactory references on appointment, as well as a satisfactory DBS certificate, Suitability Declaration and Trustee Eligibility Declaration, each of which must also be done annually thereafter. Trustees are also obliged to declare any potential conflicts of interest.

Our Trustees have Role Descriptions and new Trustees receive a verbal induction from the Chair and/or Chief Executive as well as a comprehensive Information Pack. We aim to run regular in-house Induction and Training Workshops, covering the Board’s legal responsibilities and other issues (such as human resources, equal opportunities, health and safety), as well as enabling team-building.

We believe that qualities such as enthusiasm, dedication and commitment are at least as important as the skills individuals Trustees can bring to the Committee. Trustees are encouraged to take up any external training offers (the costs of which Gingerbread Corner can cover) that may be of use to them.

The Board of Trustees, between 1[st] April 2021 – 31[st] March 2022, comprised:

Organisational Structure

The Trustees delegate the operational management to the Executive Leadership Team, comprising Sue Dzendzera (Chief Executive), Leanne Jones (Child Care Director and Deputy Chief Executive), and Paula Carter (Finance Director).

The Out of School, Early Years and Catering Teams are managed by the Head of Childcare Services and the Facilities Team is managed by the Director of IT and Facilities; each of these posts reports to the Child Care Director. The Trustees meet at least quarterly and are kept informed of relevant issues through regular written reports and other communications from the Executive Leadership Team. The Chief Executive’s formal reports include information on health and safety issues, changes to legislation, human resources, networking with other agencies, policy reviews, proposed new projects, etc. The Child Care Director’s reports cover subjects such as changes in child care practice, issues around our child care provision centre provision and any complaints, praise or suggestions from clients. The Finance Director provides detailed quarterly information on Gingerbread Corner’s financial performance, including income and expenditure against budget, cash flow projections and progress on fund-raising.

2

GINGERBREAD CORNER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Human Resources and Training

We are committed to the continued training and development of our staff. Between them, our staff members have many qualifications and certificates, from NVQs in Child-Care to qualifications in Food Hygiene, Makaton and Change Management. Many of our staff are qualified either in Full or in Paediatric First Aid, and almost all have at least Level 2 in Food Safety and Hygiene.

The Public Benefit Test

Gingerbread Corner’s Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Public Benefit guidance issued by the Charity Commission. Those of prime relevance to Gingerbread Corner can be seen as including the prevention or relief of poverty and the relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, although clearly issues around human rights and equality and diversity are also of paramount importance. We also have regard to the advancement of culture and to environmental protection or improvement.

A further requirement of the Charities Act 2006 is that charity Trustees prepare a report of activities which further its charitable purposes for the public benefit, and these activities are detailed on the following pages.

Evaluation of Gingerbread Corner’s Charitable Activities, Achievements and Performance

Gingerbread Corner reduced its objects from seven to the following three to reflect the changes in society and in our client groups and activities since the previous Articles and Memorandum of Association were agreed.

FIRST OBJECT: Improve the social and economic circumstances of disadvantaged families

We achieve this objective by subsidising our excellent child-care facilities for children aged three months to 11 years. We aim to provide best value for money, and to be carers’ first choice child-care centre. From 2019/20, our fee structure has been in six bands, five of them subsidised for carers with lower household incomes. However, particularly given the facilities we provide, even the highest band fees are still extremely competitive.

Unlike many nurseries and out of school schemes, Gingerbread Corner opens every week-day except bank holidays and one day per year for in-service training.

We have a Special Fund, managed by our Family Support Panel, which provides additional financial help to families in need in the following ways: small grants or interest free loans to families in short-term financial difficulty; grants to carers whose college or university bursaries don’t cover the entire cost of their fees; where there is a special or additional need, such as a disability or a mental health issue, longer-term assistance with families’ child care fees. In certain circumstances, the Panel is also able to provide funding for a brief course of Human Givens psychotherapy.

In addition, each member of our staff team works hard to provide a caring environment, not just for the children, but also for their careers. The senior staff in particular provide emotional and practical support to carers who are facing difficulties (such as being in debt, suffering domestic violence or facing homelessness), putting them in touch with those who may be able to help and, in some cases, acting as an advocate.

SECOND OBJECT: preserve, protect and improve the good health (mental, emotional and physical) of children and their carers

We enhance children’s life chances by recording their development and making sure that we act on any concerns and ensuring that they have sufficient exercise. We make every effort to increase our children’s self-esteem and self-confidence, enhance their learning (through play and other activities) and motivate them through creativity and curiosity. Our lunch and snack menus are 75% “homemade” and provide a healthy, nutritious and varied diet, including foods from various cultures.

We seek to improve families’ knowledge and their emotional and mental health by keeping the carers up to date on relevant issues and legislation, via our informative and regularly updated website and Facebook page.

We are proactive in looking for opportunities to work with other agencies, to improve the life chances of carers, children and young people.

THIRD OBJECT: prevent and relieve the suffering of children who have been the subject of cruelty and maltreatment

We take our Safeguarding and Child Protection responsibilities very seriously, ensuring that we are alert to any concerns about our children and that any issues are effectively dealt with (in-house or by referral to other agencies). We will work with other organisations and agencies which aim to make a safer world for children.

3

GINGERBREAD CORNER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Risk Management

We believe we have captured all reasonable financial, operational and regulatory risks, recorded the control measures and put in place plans to manage, mitigate or eliminate the risks.

Financial Review

Gingerbread Corner has not received any funding from Croydon Council since 2012. Whilst this has continued to be challenging, we have nevertheless continued to offer good quality and affordable child-care provision.

As always, as a service provider, the vast majority of our income comes from clients’ fees. As part of the national lockdowns caused by the Covid-19 pandemic we were unable to provide childcare for all but the children of essential and keyworkers workers. Due to this our child numbers and therefore fee income decreased significantly from £1,035,894 in 19-20 to £500,597 in 20-21. The working habits of many parents changed after the national lockdown periods and only during the current year 21-22 has our fee income begun to recover, rising to £652,581.

Overall, our income in 20-21 was £757,761 inclusive of Coronavirus Job Retention Scheme grants covering Furlough payments to the majority of staff. This year overall income is reduced to £720,514.

There was a further decrease in expenditure from £921,509 to £793,290 in the main because staffing levels have decreased as we struggle to recruit qualified staff, along with the majority of the childcare sector.

Whilst the deficit at year end has decreased from £163,748 to £72,776 our reserves and contingency fund remains reduced.

Reserves Fund

In line with best practice and legislative requirement, our Reserves Policy is reviewed annually and covers why we hold reserves, the level of reserves held, the steps taken to maintain reserves at the agreed level, contingency fund levels and arrangements for monitoring and reviewing the Reserves Policy.

The Trustees aim is for our reserves to be sufficient to cover our commitments to staff redundancy pay and other contracts assuming a wind-down period of six months and that Gingerbread Corner is protected from insolvency.

Contingency and Designated Funds’ Policy

Under this policy, reviewed annually, funds are transferred, as per the budget, into a Contingency Fund, designated for general contingencies. For the year under review, there is a Designated Fund for capital expenditure on vehicles, as well as expenditure on outdoor play, ICT and catering equipment for which there is no revenue budget.

Investment Policy

Our Investment Policy, reviewed annually, ensures that our funds are properly protected, e.g. that the capital is not put at risk and will be protected against inflation, and that the best income is obtained from those funds with which to carry out our activities.

Trustees bear in mind that any decision to avoid certain investments or institutions must be centred on Gingerbread Corner’s interests. Thus they may decline to invest in a particular company if it carries out activities which are directly contrary to Gingerbread Corner’s purposes or if such an investment would directly impede the furtherance of Gingerbread Corner’s objects, e.g. causing a loss of financial support from subscribers.

STATEMENT OF BOARD OF TRUSTEES’ RESPONSIBILITIES

The Committee Members, who are Trustees and Directors of Gingerbread Corner, are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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

4

GINGERBREAD CORNER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

The Trustees confirm that, so far as they are aware, there is no relevant audit information of which the charitable company’s auditor is unaware. They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Approved by the Board of Trustees on 31[st] March 2023.and signed on its behalf by Order of the Board.

Maria Martin Chair Person Gingerbread Corner Management Committee

5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GINGERBREAD CORNER

Opinion

We have audited the financial statements of gingerbread Corner. (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GINGERBREAD CORNER

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations.

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities including fraud. The key laws and regulations we have considered in this context included the Companies Act 2006, pension and tax legislation. In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Romit Basu FCA (Senior Statutory Auditor) For and on behalf of DSK Partners LLP Chartered Accountants and Statutory Auditors D S House 306 High Street Croydon CR0 1NG

Date: 31[st] March 2023

7

GINGERBREAD CORNER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND EXPENDITURE ACCOUNT

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Government grants receivable
Activities for generating funds
Investment income - interest receivable
Other income
Incoming resources from charitable activities
3
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
4
Charitable activities
4
Governance Costs
4
Total resources expended
4
Net incoming resources
before transfers
Gross transfers between funds
Net incoming resources
before other recognised gains and losses
Other recognised gains and losses
(Loss)/profit on sale of fixed assets
11
Net movement in funds
Total funds at 1 April 2021
14
Total funds at 31 March 2022
14		 Unrestricted
Funds
£
-
1,509
9
66,415
652,581
720,514
312
789,255
3,723
793,290
(72,776)
-
(72,776)
-
(72,776)
371,171
298,395		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,856
5,856		 Total 2022
£
-
1,509
9
66,415
652,581
720,514
312
789,255
3,723
793,290
(72,776)
-
(72,776)
-
(72,776)
377,027
304,251		 Total 2021
£
12,286
200,558
527
76
43,717
500,597
757,761
6,739
909,211
5,559
921,509
(163,748)
-
(163,748)
(163,748)
540,775
377,027

All incoming resources expended are derived from continuing activities.

The notes on pages 10-15 form part of these financial statements.

8

GINGERBREAD CORNER

Company Number 01424489

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022

----- Start of picture text -----
Notes 2022 2021
£ £ £ £
Fixed Assets
Tangible fixed assets 7 606,792 640,865
Current Assets
Debtors 8 5,528 8,395
Cash at bank and in hand 58,167 87,053
63,695 95,448
Creditors: amounts falling due within one year 9 (114,080) (96,280)
Net Current Assets (50,385) (832)
Creditors: amounts falling due after more than one year 10 (252,156) (263,006)
Net Assets 304,251 377,027
Funds
Unrestricted funds 14 298,395 371,171
Restricted funds 14 5,856 5,856
Total Funds 304,251 377,027
----- End of picture text -----

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the Committee of Management on 31st March 2023 and signed on it's behalf by:

…………………………… …...............……………………… M Martin R O’Neill Chair Person Treasurer

The notes on pages 10-15 form part of these financial statements.

9

GINGERBREAD CORNER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charitable company’s registered company number and registered office address can be found on page 1 of the financial statements.

The financial statements are prepared in sterling which is also the functional currency of the company and rounded to the nearest pound.

Fund accounting

Unrestricted general funds are available for use at the discretion of the Committee of Management in furtherance of the general objectives of the Charity.

The restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is accounted for on an accruals basis. Irrecoverable VAT is included with the item of expense to which it relates.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.

Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost.

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates

Building conversion costs 25% straight line
Motor vehicles 25% straight line
Equipment 33.33% straight line
Fixtures and fittings 20% straight line
Freehold land and buildings 2% straight line
Leasehold property 2% straight line
Children’s equipment 25% straight line

Assets held under finance leases are depreciated in the same way as owned assets.

10

GINGERBREAD CORNER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Status of Company

The company is limited by guarantee and has no share capital. The maximum liability of each member in the event of a winding up is £1.

2. TAXATION

The company is a registered charity and is therefore entitled to the exemptions from corporation tax.

3. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

2022 2021
£ £
Fees receivable 652,581 500,597

11

GINGERBREAD CORNER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
4. RESOURCES EXPENDED
Basis of Generating Charitable Governance Total Total
Allocation Funds Activities Costs 2022 2021
£ £ £ £ £ £
Staff costs % of Staff Time 655,044 655,044 763,917
Fundraising costs Direct 312 - - 312 216
Catering Direct - 19,043 - 19,043 19,741
Repairs and cleaning Direct - 33,433 - 33,433 31,023
Children's activities Direct - 2,317 - 2,317 3,644
Administration Direct - 4,077 - 4,077 5,877
Transport Direct - 6,980 - 6,980 7,279
- -
Light, heat and telephone Usage 9,933 9,933 20,641
-
Legal and professional costs Usage 5,339 3,723 9,062 13,302
Bank charges and interest Transactions - 1,921 1,921 1,668
Sundries Direct - 473 - 473 1,118
Staff training Staff Time - 1,951 - 1,951 1,399
Books and subscriptions Direct - 3,802 - 3,802 929
Bad debts Direct - - - - -
- -
Depreciation Usage 34,923 34,923 40,005
Loan interest Direct - 6,527 - 6,527 7,519
Rent, rates and insurance Floor Area - 3,492 - 3,492 3,231
312 789,255 3,723 793,290 921,509
5. GOVERNANCE COSTS 2022 2021
£ £
Auditor's remuneration 3,690 3,472
Legal and finance costs 33 13
Staff costs - 2,074
3,723 5,559
6. STAFF COSTS
2022 2021
Included within staff costs in note 4 are the following: £ £
Wages and salaries 548,228 694,790
Social security costs 31,947 36,783
Pension costs 10,240 12,479
-
Redundancy costs 16,637
Other staff costs 45,849 19,865
652,901 763,917
----- End of picture text -----

The members of the Committee of Management received no remuneration or reimbursed expenses during the year.

None of the employees received remuneration exceeding £60,000 in the year (2021: none).

12

GINGERBREAD CORNER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Childcare
Support staff
The average number of full and part time employees, analysed by function,		 2022
23
10
33		 2021
32
12
44

Each member of the support staff, which include the Chief Executive, Deputy Chief Executive, Finance Director and

7. TANGIBLE FIXED ASSETS

Leasehold
Property
Fixtures &
Fittings
£
£
Cost
As at 1 April 2021
759,000
88,851
Additions
-
850
Disposals
-
-
As at 31 March 2022
759,000
89,701
Depreciation
As at 1 April 2021
156,860
76,195
Charge for year
15,180
5,198
Disposals
-
-
As at 31 March 2022
172,040
81,393
Net Book values
As at 31 March 2022
586,960
8,308
As at 31 March 2021
602,140
12,656
8. DEBTORS
Fee arrears
Grants receivable
Other debtors and prepayments
9. CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
Fees received in advance
Loan from Future builders
Trade creditors
Social security and other taxes
Other creditors, accruals and deferred income		 Equipment
£
4,830
-
-
4,830
4,488
193
-
4,681

149
342		 Children's
Equipment
£
13,483
-
-
13,483
9,981
2,279
-
12,260
1,223
3,502		 Motor
Vehicles
£
74,519
-
-
74,519
52,294
12,073
-
64,367
10,152
22,225
2022
£
1,508
-
4,020
5,528
2022
£
22,930
16,884
7,842
15,567
50,857
114,080		 Total
£
940,683
850
-
941,533
299,818
34,923
-
334,741
606,792
640,865
2021
£
1,619
-
6,776
8,395
2021
£
21,056
17,967
9,928
12,638
34,691
96,280

13

GINGERBREAD CORNER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Loan from Future builders		 2022
£
252,156
252,156		 2021
£
263,006
263,006

In 2009-2010 Gingerbread Corner received an unsecured loan from Future Builders towards the capital costs of redevelopment of the building. The loan is for 25 years at 6% interest rate with a 20 month repayments holiday, with interest to be rolled up into the remaining years. Repayments of this loan began from March 2011, with interest only payments until April 2013.

The loans are repayable as follows:
Under one year:
Loan from Future Builders
Between one to five years:
Over five years:
11. RECOGNISED GAINS AND LOSSES
(Loss)/profit on sale of assets
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
Net Assets at 31st March 2022		 Unrestricted
Funds
£
600,936
63,695
(114,080)
(252,156)
298,395		 2022
£
16,884
16,884
92,706
159,450
252,156
2022
Unrestricted
Funds
£
-
Restricted
Funds
£
5,856
-
-
-
5,856		 2021
£
17,967
17,967
71,870
191,136
263,006
2021
Unrestricted
Funds
£
-
Total Funds
Funds
£
606,792
63,695
(114,080)
(252,156)
304,251

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 2022
£
590
1,474
2,064		 2021
£
590
2,064
2,654

14

GINGERBREAD CORNER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
14. SUMMARY OF FUND MOVEMENTS
Brought Incoming Resources Gains and Carried
Forward Resources Expended Transfers Losses Forward
£ £ £ £ £ £
Unrestricted funds
Fees (499,488) 652,581 (793,290) - - (640,197)
Other Unrestricted funds 870,659 67,933 - - - 938,592
371,171 720,514 (793,290) - - 298,395
Restricted funds
Grants - Children's Centre Equipment & Furniture 4,976 - - - - 4,976
Quality and Access Early Years 5 - - - - 5
Early Years Garden 875 - - - - 875
5,856 - - - - 5,856
Total funds 377,027 720,514 (793,290) - - 304,251
Unrestricted funds
----- End of picture text -----

Fees - Fees paid by Parents for childcare services

Other Unrestricted Funds - Income from hire of Gingerbread Corner, fundraising events, donations and profit on sale of fixed assets.

Restricted funds

Grants - Children's Centre Equipment & Furniture - To equip and furnish the family room and Children's Centre reception area. Quality and Access Early Years - To improve the quality of the environment for children and to ensure that all children can access services and benefit fully from them.

Early Years Garden - Funding from Lanfranc school to improve the outside play provision

15. RELATED PARTY TRANSACTIONS

During the year no related party transactions transpired.

During the year no expenses were incurred by the Executive Management Team on behalf of the charity.

15