IRIS Accounts Productionv23.2.0.158OtherCompany accountsTruefalsePounds1.4.2231.3.2331.3.23FYFRS 102AuditedLarge and medium-sized companies regime for accountsFullCharities SORPtruetruetruetruetruefalsetruefalsetrue iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2630852022-03-31SC2630852023-03-31SC2630852022-04-012023-03-31SC2630852021-03-31SC2630852021-04-012022-03-31SC2630852022-03-31SC263085ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-31SC263085ns11:Original2022-04-012023-03-31SC263085ns15:PoundSterlingns11:Original2022-04-012023-03-31SC263085ns11:Original2022-03-31SC263085ns11:Original2023-03-31SC263085ns11:Originalns11:FRS1022022-04-012023-03-31SC263085ns11:Originalns11:Audited2022-04-012023-03-31SC263085ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-31SC263085ns11:Originalns11:FullAccounts2022-04-012023-03-31SC263085ns11:Originalns11:CharitiesSORP2022-04-012023-03-31SC263085ns11:Originalns16:EnglandWales2022-04-012023-03-31SC263085ns11:Originalns11:RegisteredOffice2022-04-012023-03-31SC263085ns11:Originalns0:Trustee22022-04-012023-03-31SC263085ns11:Originalns0:Trustee12022-04-012023-03-31SC263085ns11:Originalns0:Trustee32022-04-012023-03-31SC263085ns11:Originalns11:CompanySecretary12022-04-012023-03-31SC263085ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-31SC263085ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC263085ns11:Original2021-04-012022-03-31SC263085ns11:Originalns11:MainIndustrySectorHeading2022-04-012023-03-31SC263085ns11:Originalns0:TotalUnrestrictedFundsns11:MainIndustrySectorHeading2022-04-012023-03-31SC263085ns11:Originalns11:MainIndustrySectorHeadingns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC263085ns11:Originalns11:MainIndustrySectorHeading2021-04-012022-03-31SC263085ns11:Originalns0:TotalUnrestrictedFunds2022-03-31SC263085ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-31SC263085ns11:Original2021-03-31SC263085ns11:Originalns0:TotalUnrestrictedFunds2023-03-31SC263085ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-31SC263085ns11:Original2022-03-31SC263085ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-31SC263085ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-31SC263085ns11:Originalns10:WithinOneYear2023-03-31SC263085ns11:Originalns10:WithinOneYear2022-03-31SC263085ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-012023-03-31SC263085ns10:FurnitureFittingsToolsEquipmentns11:Original2022-04-012023-03-31SC263085ns11:Original22022-04-012023-03-31SC263085ns11:Original12022-04-012023-03-31SC263085ns11:Original12021-04-012022-03-31SC263085ns11:Originalns10:OwnedAssets2022-04-012023-03-31SC263085ns11:Originalns10:OwnedAssets2021-04-012022-03-31SC263085ns11:Originalns0:GBP60001ToGBP700002022-04-012023-03-31SC263085ns11:Originalns0:GBP60001ToGBP700002021-04-012022-03-31SC263085ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-31SC263085ns11:Originalns10:FurnitureFittings2022-03-31SC263085ns11:Originalns10:ComputerEquipment2022-03-31SC263085ns11:Originalns10:FurnitureFittings2022-04-012023-03-31SC263085ns11:Originalns10:ComputerEquipment2022-04-012023-03-31SC263085ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC263085ns11:Originalns10:FurnitureFittings2023-03-31SC263085ns11:Originalns10:ComputerEquipment2023-03-31SC263085ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-31SC263085ns11:Originalns10:FurnitureFittings2022-03-31SC263085ns11:Originalns10:ComputerEquipment2022-03-31

REGISTERED COMPANY NUMBER: SC263085 (Scotland)

REGISTERED CHARITY NUMBER: SC020098















REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


FOR



T.a.s.k. Childcare Service



T.a.s.k. Childcare Service








CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2023






Page




Report of the Trustees  

1


to


4



Report of the Independent Auditors  

5


to


8



Statement of Financial Activities  

9




Balance Sheet  

10




Cash Flow Statement  

11




Notes to the Cash Flow Statement  

12




Notes to the Financial Statements  

13


to


19



T.a.s.k. Childcare Service (Registered number: SC263085)



REPORT OF THE TRUSTEES

For The Year Ended 31 March 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).


OBJECTIVES AND ACTIVITIES

Objectives and aims

TASK Childcare Services provides high quality affordable, flexible early learning and childcare and family support to meet the ever-changing needs of its diverse community. It promotes learning by providing children with high quality learning experiences required to enhance the transition from early years childcare to mainstream education. The organisation provides the Gorbals with a community led, integrated Family Learning and Support Centre where a range of education, awareness and support programmes are delivered increasing employability and self-reliance.

Public benefit

The charity meets the definition of a public benefit entity under FRS 102.



T.a.s.k. Childcare Service (Registered number: SC263085)



REPORT OF THE TRUSTEES

For The Year Ended 31 March 2023


ACHIEVEMENT AND PERFORMANCE

Charitable activities

TASK Childcare Family Support and Learning has positioned itself in the community as a highly respected provider of Early Learning and Childcare dedicated to Gorbals children and families employing 17 staff members at present. It is the largest provider of childcare services in Gorbals. 90% of families using TASK live in Gorbals - the highest of the Gorbals childcare providers.

Our service this year has not just been centred around providing excellent early learning and childcare but highlighting the significance of our partnership working.

TASK Childcare Services prides itself in being an organisation with the community at the heart of all that we do. The organisation has an ethos of 'nurturing' and development offering preventative programmes, family pathways, parenting skills and advocacy.

Through partnership working and joined up creative thinking with Glasgow City Council Early Years, Health and Social Care Partnership, New Gorbals Housing Association and local community organisations TASK has supported both the local community and some of our most fragile families.

This year Task has successfully piloted a programme with Holyrood Secondary to recruit Modern Apprenticeships. This has been a very successful pilot and has resulted in 2 young people, 1 of them local to our Gorbals community, being offered the chance to join our staff team on a full time basis. This is an initiative we are hoping will extend to other local secondary schools.

TASK has provided:

a) Partnership/GCC early learning and childcare funded places for children aged between 3-5 years
b) Partnership/GCC early learning and childcare for eligible 2-year-olds
c) Holiday Hunger programmes in partnership with New Gorbals Housing
d) Work Placements in partnership with Holyrood Secondary School leading to full time employment for 2 young people.
e) ESOL Classes with crèche in partnership with New Gorbals Housing & WEA
f) Providing Holidays away for some of our vulnerable families in partnership with Glasgow Children's Holiday Scheme.
g) Afterschool places to families working alongside Health & Social Care Partnership.

Our early intervention team has connected with our more vulnerable and harder to reach groups by providing opportunities and pathways for social and community integration.


TASK, in partnership with New Gorbals Housing and Health and Social Care Partnership, is instrumental in providing ongoing financial and emotional support to local families. These partnerships have strengthened the connections and trusting relationships we have established within the community, resulting in the organisation being seen as a 'community anchor'.

FINANCIAL REVIEW

Financial position

The financial position of the charity showed a surplus of £33,731 due to the continued support of Glasgow City Council /Early Years partners.

As at the year end the charity held disposable funds in the general account of £461,227 and £187,231 relating to the restricted funds.

The budget for next year shows a deficit which is well covered by reserves.


Reserves policy

The Trustees aim to retain six months expenditure in reserves. Separate reserves are maintained where grants received for a specific purpose have not been fully utilised in the accounting period.

Going concern

The Trustees are confident that with the grant position for the next year confirmed and the funds being carried forward that it will continue to provide the necessary childcare services for the next twelve months.



T.a.s.k. Childcare Service (Registered number: SC263085)



REPORT OF THE TRUSTEES

For The Year Ended 31 March 2023



FINANCIAL REVIEW

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks faced by the Charity are:


- Changes in Government policies

  The Scottish Government can change the amount of guaranteed free childcare hours and the rate paid for it.

- Changes in Funders' Policies and resources

  The Charity is largely reliant on funding from local government and the third sector which could be affected by             changes in their priorities and funding.

- Availability of Staff

  The Charity is encountering problems in recruiting enough staff to satisfy the demand for places.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Recruitment and appointment of new trustees

Any person who wishes to become a trustee shall lodge with the organisation a written application, and that application will be put forward at the Annual General Meeting and be put to a vote of the membership.

Organisational structure

The Trustees have delegated day to day management to the manager Angie Muir

Induction and training of new trustees

The existing Trustees are already familiar with the practical work of the Charity and new Trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the Charity and the context within which it operates.
These are led by the Chairperson and the manager and cover:
- The obligations of Management Committee members
- The main documents which set out the operational framework for the Charity
- Resourcing and the current financial position as set out in the latest published accounts
- Future plans and objectives

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC263085 (Scotland)


Registered Charity number

SC020098


Registered office

347 Caledonia Road

Gorbals

Glasgow

G5 0JY


Trustees

Ms I Suttie Acting Chairperson

B Usher

Ms S Ndlovu


Company Secretary

Ms I Suttie




T.a.s.k. Childcare Service (Registered number: SC263085)



REPORT OF THE TRUSTEES

For The Year Ended 31 March 2023



REFERENCE AND ADMINISTRATIVE DETAILS

Auditors

V J Burgoyne & Co

Chartered Accountants & Statutory Auditor

Chartered Accountants

52 Weymouth Drive

Glasgow

G12 0LX


STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of T.a.s.k. Childcare Service for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the 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 those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors,  V J Burgoyne & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Approved by order of the board of trustees on 20 September 2023 and signed on its behalf by:






Ms I Suttie - Trustee


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

T.A.S.K. CHILDCARE SERVICE


Opinion

We have audited the financial statements of T.a.s.k. Childcare Service (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

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 the provisions available for small entities, in the circumstances set out in note 15 to the financial statements, 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

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.


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 this gives rise to a material misstatement in the financial statements themselves. 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.


Opinions on other matters prescribed by the Companies Act 2006

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

-

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Trustees has been prepared in accordance with applicable legal requirements.


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

T.A.S.K. CHILDCARE SERVICE



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 the Trustees.


We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

-

adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.


Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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.


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

T.A.S.K. CHILDCARE SERVICE



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.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.


We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with the management with the oversight of the Trustees.

Based on our understanding of the Charity, discussions with management and Trustees we identified financial reporting standards and the Charity SORP as having a direct effect on the amounts and disclosures in the financial statements.


As part of the engagement team discussion about how and where the Charity's financial statements may be materially misstated due to fraud we did not identify any areas with an increased risk of fraud.


Our audit procedures included:


- completing a risk-assessed process during our planning for this audit that specifically considered the risk of fraud:

- enquiry of management about the Charity's policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliance:

- examining supporting documents for all material balances, transactions and disclosures:

- review, where applicable, of the Board of Trustees' minutes:

- enquiry of management about litigation and claims and inspection of relevant correspondence:

- analytical procedures to identify any unusual or unexpected relationships:

- specific audit testing on and review of areas that could be subject to management override of controls and potential bias, most notably around the key judgements and estimates. including creditors and revenue recognition:


Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).


The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including the deliberate failure to record transactions, collusion or intentional misrepresentations being made to us


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.


REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF

T.A.S.K. CHILDCARE SERVICE



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, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees 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.





Vincent Burgoyne (Senior Statutory Auditor)

for and on behalf of V J Burgoyne & Co

Chartered Accountants & Statutory Auditor

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Chartered Accountants

52 Weymouth Drive

Glasgow

G12 0LX


20 September 2023



T.a.s.k. Childcare Service



STATEMENT OF FINANCIAL ACTIVITIES

For The Year Ended 31 March 2023



2023


2022


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,999


214,212


216,211


177,021



Charitable activities

4

Childcare

375,357


-


375,357


455,194


Room Rental

1,183


-


1,183


-



Investment income

3

80


-


80


3


Total

378,619


214,212


592,831


632,218



EXPENDITURE ON

Charitable activities

5

Childcare

325,267


233,833


559,100


544,105



NET INCOME/(EXPENDITURE)

53,352


(19,621

)

33,731


88,113




RECONCILIATION OF FUNDS

Total funds brought forward

386,339


1,412,336


1,798,675


1,710,562



TOTAL FUNDS CARRIED FORWARD

439,691


1,392,715


1,832,406


1,798,675




T.a.s.k. Childcare Service (Registered number: SC263085)



BALANCE SHEET

31 March 2023



2023


2022


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

10

16,024


1,216,809


1,232,833


1,263,995



CURRENT ASSETS


Debtors

11

1,064


-


1,064


1,064


Cash at bank and in hand

461,227


187,231


648,458


582,285


462,291


187,231


649,522


583,349



CREDITORS


Amounts falling due within one year

12

(38,624

)

(11,325

)

(49,949

)

(48,669

)


NET CURRENT ASSETS

423,667


175,906


599,573


534,680



TOTAL ASSETS LESS CURRENT

LIABILITIES

439,691


1,392,715


1,832,406


1,798,675



NET ASSETS

439,691


1,392,715


1,832,406


1,798,675


FUNDS

13

Unrestricted funds

439,691


386,339


Restricted funds

1,392,715


1,412,336


TOTAL FUNDS

1,832,406


1,798,675



These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.




The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2023 and were signed on its behalf by:






B Usher - Trustee



T.a.s.k. Childcare Service



CASH FLOW STATEMENT

For The Year Ended 31 March 2023



2023


2022


Notes

£   

£   



Cash flows from operating activities

Cash generated from operations

1

66,093


114,549



Net cash provided by operating activities

66,093


114,549




Cash flows from investing activities

Purchase of tangible fixed assets

-


(7,780

)


Sale of heritage assets

-


(263

)


Interest received

80


3



Net cash provided by/(used in) investing activities

80


(8,040

)



Change in cash and cash equivalents in

the reporting period

66,173


106,509



Cash and cash equivalents at the

beginning of the reporting period

582,285


475,776



Cash and cash equivalents at the end of

the reporting period

648,458


582,285





T.a.s.k. Childcare Service



NOTES TO THE CASH FLOW STATEMENT

For The Year Ended 31 March 2023


1.

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


2023


2022

£   

£   



Net income for the reporting period (as per the Statement of Financial

Activities)

33,731


88,113




Adjustments for:


Depreciation charges

31,162


37,920




Loss on disposal of fixed assets

-


263




Interest received

(80

)

(3

)



Decrease in debtors

-


11,374




Increase/(decrease) in creditors

1,280


(23,118

)



Net cash provided by operations

66,093


114,549





2.

ANALYSIS OF CHANGES IN NET FUNDS



At 1.4.22

Cash flow

At 31.3.23

£   

£   

£   



Net cash



Cash at bank and in hand

582,285


66,173


648,458



582,285


66,173


648,458




Total

582,285


66,173


648,458





T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2023


1.

ACCOUNTING POLICIES



BASIS OF PREPARING THE FINANCIAL STATEMENTS


The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities:Statement of Recommended Practice applicable to the charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015)", the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



INCOME


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.


If grant funding is received relating to future periods the amount relating to future periods is treated as deferred income.



EXPENDITURE


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Freehold property

-

2% on cost


Fixtures and fittings

-

at varying rates on cost



TAXATION

The charity is exempt from corporation tax on its charitable activities.


FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.


HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS


The charitable company makes payments on behalf of employees into a money purchase pension scheme.




T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


2.

DONATIONS AND LEGACIES


2023


2022

£   

£   



Donations

1,999


499




Grants

214,212


176,522



216,211


177,021





Grants received, included in the above, are as follows:



2023


2022

£   

£   



Integrated Grants Fund - Vulnerable People and Families

-


146,018




Family Support Grant

31,254


5,846




Coronavirus Job Retention Scheme

-


(6,327

)



Health & Social Care Partnership

44,898


-




GCC Covid 19

-


22,465




Temporary Restriction Fund

4,500


8,520




GCC Transitional Fund

126,560


-




NHS GG

7,000


-



214,212


176,522




3.

INVESTMENT INCOME


2023


2022

£   

£   



Deposit account interest

80


3




4.

INCOME FROM CHARITABLE ACTIVITIES


2023


2022


Activity

£   

£   



Childcare Fees

Childcare

191,542


198,694




Childcare Assisted Funding

Childcare

183,815


226,398




Family Support Grant

Childcare

-


30,102




Room Rental

Room Rental

1,183


-



376,540


455,194






T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


5.

CHARITABLE ACTIVITIES COSTS


Support



Direct

costs (see



Costs

note 6)

Totals

£   

£   

£   



Childcare

449,182


109,918


559,100




6.

SUPPORT COSTS


Governance



Management


Finance


costs


Totals

£   

£   

£   

£   



Childcare

105,281


637


4,000


109,918




7.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2023


2022

£   

£   



Auditors' remuneration

4,000


4,000




Depreciation - owned assets

31,162


37,920




Other operating leases

5,817


6,525




Deficit on disposal of fixed assets

-


263




8.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.



TRUSTEES' EXPENSES


There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


9.

STAFF COSTS


2023


2022

£   

£   



Wages and salaries

368,010


359,452




Social security costs

33,837


25,152




Other pension costs

10,422


6,976



412,269


391,580





The average monthly number of employees during the year was as follows:



2023


2022


Childcare

13


15




Administration and Janitorial

4


4



17


19





T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


9.

STAFF COSTS - continued



The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:



2023


2022


£60,001 - £70,000

1


-




10.

TANGIBLE FIXED ASSETS


Fixtures



Freehold


and


Computer



property


fittings


equipment


Totals

£   

£   

£   

£   



COST


At 1 April 2022

1,512,781


82,377


14,068


1,609,226




Disposals

-


(46,402

)

-


(46,402

)



At 31 March 2023

1,512,781


35,975


14,068


1,562,824




DEPRECIATION


At 1 April 2022

270,936


66,947


7,348


345,231




Charge for year

27,226


870


3,066


31,162




Eliminated on disposal

-


(46,402

)

-


(46,402

)



At 31 March 2023

298,162


21,415


10,414


329,991




NET BOOK VALUE


At 31 March 2023

1,214,619


14,560


3,654


1,232,833




At 31 March 2022

1,241,845


15,430


6,720


1,263,995





Included in cost or valuation of land and buildings is freehold land of £151,500 (2022 - £151,500) which is not depreciated.


As a condition of funding the Big Lottery Fund holds a charge over the all the property at 347 Caledonia Road. All or part of the grant received from the Big Lottery Fund may become repayable over the next 9 years if the award conditions are breached.

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Prepayments and accrued income

1,064


1,064






T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Social security and other taxes

7,719


6,423




Other creditors

11,279


8,200




Accrued expenses

30,951


34,046



49,949


48,669




13.

MOVEMENT IN FUNDS


Net




movement


At



At 1.4.22


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

386,339


53,352


439,691





Restricted funds


Restricted

170,491


7,604


178,095




Restricted Fixed Asset Fund

1,241,845


(27,225

)

1,214,620



1,412,336


(19,621

)

1,392,715




TOTAL FUNDS

1,798,675


33,731


1,832,406





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

378,619


(325,267

)

53,352





Restricted funds


Restricted

214,211


(206,607

)

7,604




Restricted Fixed Asset Fund

1


(27,226

)

(27,225

)


214,212


(233,833

)

(19,621

)



TOTAL FUNDS

592,831


(559,100

)

33,731






T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


13.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net




movement


At



At 1.4.21


in funds


31.3.22


£   

£   

£   



Unrestricted funds


General fund

269,773


116,566


386,339





Restricted funds


Restricted

171,719


(1,228

)

170,491




Restricted Fixed Asset Fund

1,269,070


(27,225

)

1,241,845



1,440,789


(28,453

)

1,412,336




TOTAL FUNDS

1,710,562


88,113


1,798,675





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

425,592


(309,026

)

116,566





Restricted funds


Restricted

206,626


(207,854

)

(1,228

)



Restricted Fixed Asset Fund

-


(27,225

)

(27,225

)


206,626


(235,079

)

(28,453

)



TOTAL FUNDS

632,218


(544,105

)

88,113





A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1.4.21


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

269,773


169,918


439,691





Restricted funds


Restricted

171,719


6,376


178,095




Restricted Fixed Asset Fund

1,269,070


(54,450

)

1,214,620



1,440,789


(48,074

)

1,392,715




TOTAL FUNDS

1,710,562


121,844


1,832,406





T.a.s.k. Childcare Service



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2023


13.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

804,211


(634,293

)

169,918





Restricted funds


Restricted

420,837


(414,461

)

6,376




Restricted Fixed Asset Fund

1


(54,451

)

(54,450

)


420,838


(468,912

)

(48,074

)



TOTAL FUNDS

1,225,049


(1,103,205

)

121,844




14.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 March 2023.


15.

FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES



In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.


We also use a business related to our auditors to administer our payroll function.