TECHRESORT COMMUNITY INTEREST COMPANY

Company Registration Number:
08526107 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 1 April 2020

End date: 31 March 2021

TECHRESORT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TECHRESORT COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Principal activities of the company

The principal activity of the company continued to be education and the development of IT skills for adults andyoung people. This was achieved through the provision of workshops and after-school clubs. The company alsoprovided events and advice to digital, tech and creative businesses to assist with their development and growth.



Directors

The directors shown below have held office during the whole of the period from
1 April 2020 to 31 March 2021

Elizabeth Crew
William Callaghan
Nick Turton
Miles Berkley


The director shown below has held office during the period of
1 April 2020 to 22 May 2020

Adam McNaught-Davis


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 June 2021

And signed on behalf of the board by:
Name: Elizabeth Crew
Status: Director

TECHRESORT COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2021

2021 2020


£

£
Turnover: 71,971 51,707
Cost of sales: ( 12,819 ) ( 5,554 )
Gross profit(or loss): 59,152 46,153
Administrative expenses: ( 62,539 ) ( 44,569 )
Other operating income: 17,337
Operating profit(or loss): 13,950 1,584
Interest receivable and similar income: 2
Profit(or loss) before tax: 13,950 1,586
Tax: ( 1,354 )
Profit(or loss) for the financial year: 12,596 1,586

TECHRESORT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2021

Notes 2021 2020


£

£
Fixed assets
Tangible assets: 3 3,544 1,918
Total fixed assets: 3,544 1,918
Current assets
Debtors: 4 71,839 22,517
Cash at bank and in hand: 26,900 21,389
Total current assets: 98,739 43,906
Creditors: amounts falling due within one year: 5 ( 83,689 ) ( 39,826 )
Net current assets (liabilities): 15,050 4,080
Total assets less current liabilities: 18,594 5,998
Total net assets (liabilities): 18,594 5,998
Capital and reserves
Called up share capital: 600 600
Profit and loss account: 17,994 5,398
Total Shareholders' funds: 18,594 5,998

The notes form part of these financial statements

TECHRESORT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 June 2021
and signed on behalf of the board by:

Name: Elizabeth Crew
Status: Director

The notes form part of these financial statements

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business , and is shown net of VAT and other sales related taxes . The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the considerationis the present value of the future receipts. The difference between the fair value of the consideration andthe nominal amount received is recognised as interest income.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of thegoods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can bemeasured reliably, it is probable that the economic benefits associated with the transaction will flow to theentity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stageof completion when the stage of completion, costs incurred and costs to complete can be estimatedreliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractualhourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimatedreliably, revenue is recognised only to the extent of the expenses recognised that it is probable will berecovered .

    Tangible fixed assets depreciation policy

    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Fixtures and fittings 25% Reducing balanceComputers 33% Straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to profit or loss .

    Other accounting policies

    Employee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costsare required to be recognised as part of the cost of stock or non-current assets.The cost of any unused holiday entitlement is recognised in the period in which the employee’s servicesare received.Termination benefits are recognised immediately as an expense when the company is demonstrablycommitted to terminate the employment of an employee or to provide termination benefits.Retirement benefitsPayments to defined contribution retirement benefit schemes are charged as an expense as they fall due.Government grantsGovernment grants are recognised at the fair value of the asset receive d or receivable when there isreasonable assurance that the grant conditions will be met and the grants will be received.A grant that specifies performance conditions is recognised in income when the performance conditionsare met . Where a grant does not specify performance conditions it is recognised in income when theproceeds are received or receivable . A grant received before the recognition criteria are satisfied isrecognised as a liability.

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 14 16

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2020 34,758 34,758
Additions 4,792 4,792
Disposals
Revaluations
Transfers
At 31 March 2021 39,550 39,550
Depreciation
At 1 April 2020 32,840 32,840
Charge for year 3,166 3,166
On disposals
Other adjustments
At 31 March 2021 36,006 36,006
Net book value
At 31 March 2021 3,544 3,544
At 31 March 2020 1,918 1,918

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Debtors

2021 2020
£ £
Trade debtors 70,123 21,864
Other debtors 1,716 653
Total 71,839 22,517

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Creditors: amounts falling due within one year note

2021 2020
£ £
Trade creditors 223 215
Taxation and social security 14,727 5,809
Other creditors 68,739 33,802
Total 83,689 39,826

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Financial Commitments

LesseeThe company has a licence to occupy its offices on a rent free basis for which there is a 3 month noticeperiod of termination. The cost of these facilities has been reflected as a donation in kind , under otherincome, within the accounts of the company and has been valued at the equivalent cost of renting similarpremises in the area.

COMMUNITY INTEREST ANNUAL REPORT

TECHRESORT COMMUNITY INTEREST COMPANY

Company Number: 08526107 (England and Wales)

Year Ending: 31 March 2021

Company activities and impact

We spent most of the year concentrating on activities to support local efforts to cope with the pandemic and to start to make some recovery from it.This included the following activities:- Setting up a 3D print farm to make face shield for local front line workers- Providing laptops and other computing devices to people without them and allow them to work, study and access services on line- delivering face to face support and training to local organisations and practitioners trying to adapt their working practices to remote methods.- we continued, whenever we could, our support to help EU citizens to make applications to the UK Settled Status Scheme.

Consultation with stakeholders

We are members of local committees who identify local needs and plan for addressing them - this year, this has been our main means to planning what activities we need to carry out.These groups and committee included local authorities, Public Health, NVCO umbrella organisations and other adhoc groups of support organisations.

Directors' remuneration

Liz Crew - salary payments of £6,320Will Callaghan - consultancy fee (Friendly Digital) £960Will Callaghan - Salary payments £1,289Miles Berkley - consultancy fee £1,200

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
19 June 2021

And signed on behalf of the board by:
Name: Elizabeth Crew
Status: Director