TECHRESORT COMMUNITY INTEREST COMPANY

Company Registration Number:
08526107 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 1 April 2019

End date: 31 March 2020

TECHRESORT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2020

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 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

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 2019 to 31 March 2020

William Callaghan
Elizabeth Crew
Adam McNaught Davis
Nick Turton


The directors shown below have held office during the period of
1 April 2019 to 25 February 2020

Marck Hadley
Shane Mitchell


The director shown below has held office during the period of
28 July 2019 to 31 March 2020

Miles Berkley


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
20 November 2020

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 2020

2020 2019


£

£
Turnover: 51,707 35,840
Cost of sales: ( 5,554 ) ( 3,807 )
Gross profit(or loss): 46,153 32,033
Administrative expenses: ( 44,569 ) ( 43,872 )
Other operating income: 2
Operating profit(or loss): 1,586 (11,839)
Profit(or loss) before tax: 1,586 (11,839)
Tax: 297
Profit(or loss) for the financial year: 1,586 (11,542)

TECHRESORT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2020

Notes 2020 2019


£

£
Fixed assets
Tangible assets: 3 1,918 4,321
Total fixed assets: 1,918 4,321
Current assets
Cash at bank and in hand: 43,906 18,914
Total current assets: 43,906 18,914
Creditors: amounts falling due within one year: 4 ( 39,826 ) ( 18,823 )
Net current assets (liabilities): 4,080 91
Total assets less current liabilities: 5,998 4,412
Total net assets (liabilities): 5,998 4,412
Capital and reserves
Called up share capital: 600 600
Profit and loss account: 5,398 3,812
Total Shareholders' funds: 5,998 4,412

The notes form part of these financial statements

TECHRESORT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 2020 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 22 November 2020
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 2020

  • 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% Straight lineComputers 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.

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 16 17

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2019 34,758 34,758
Additions
Disposals
Revaluations
Transfers
At 31 March 2020 34,758 34,758
Depreciation
At 1 April 2019 30,437 30,437
Charge for year 2,403 2,403
On disposals
Other adjustments
At 31 March 2020 32,840 32,840
Net book value
At 31 March 2020 1,918 1,918
At 31 March 2019 4,321 4,321

TECHRESORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Creditors: amounts falling due within one year note

2020 2019
£ £
Trade creditors 215 489
Taxation and social security 5,809 160
Other creditors 33,802 18,174
Total 39,826 18,823

COMMUNITY INTEREST ANNUAL REPORT

TECHRESORT COMMUNITY INTEREST COMPANY

Company Number: 08526107 (England and Wales)

Year Ending: 31 March 2020

Company activities and impact

TechResort specialises in designing and delivering digital skills workshops and support sessions.Wherever possible they are low cost or free to the attendees.In this trading year we have mostly worked with young people, delivering after school workshops at our base in Eastbourne but additionally in libraries and other community settings.We have extended our activites a little to provide support for local residents who need to apply for UK Settled status but don't have the devices or skills to do this. This work will also continue over the next year.

Consultation with stakeholders

All our work relates to the needs of our local community or of clients who are further afield.We were asked to consider working on the EU settled status sessions by local residents who had to apply but felt ill-equipped to do so.At the very end of this year, the Pandemic hit and we reacted to social media, and reports in the local pandemic response team by considering how our equipment and skills could be used directly to address local issues brought about by the pandemic

Directors' remuneration

Elizabeth Crew (via PAYE) £4,440Miles Berkley (via invoice) £3,720All this remuneration is in line with the directors' principle of providing directorial duties as volunteers but for their particular other skills, where necessary, specifically costed into grant and contract work.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 December 2020

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