Raunds Child Centre - Charities report - 20.1.6
Raunds Child Centre - Charities report - 20.1.6
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended |
| 31 August 2019 |
| for |
| Raunds Child Centre |
| Raunds Child Centre |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2019 |
| Page |
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Raunds Child Centre |
| Report of the Trustees |
| for the Year Ended 31 August 2019 |
| 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 August 2019. 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 2015). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objectives are to enhance the development and education of children primarily under statutory school age by encouraging |
| parents to understand and provide for the needs of their children through community groups and by: |
| Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility |
| for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever |
| their race, culture, religion, means or ability; encouraging the study of the needs of such children and their families and promoting |
| public interest in and recognition of such needs; instigating and adhering to and furthering the aims and objectives of the Pre-School |
| Learning Alliance. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| The main achievement was that the playgroup continued to serve the local community in partnership with the parent carers. |
| The trustees have had regard to the charity Commission's guidance on public benefit. This has been achieved by running the |
| playgroup on a value for money basis for its users. The trustees have ensured that funding has been obtained to cover the payroll |
| costs and to make a contribution to the other resources costs. The trustees have worked with parents, to ensure that their children are |
| educated properly. The Pre-School Learning Alliance policies are implemented by the trustees and a wealth of guidance is available |
| to parents, backed up by workshops and access to outside resources such as Health Visitors and speech experts. |
| FINANCIAL REVIEW |
| Financial position |
| The financial results of the charity are set out on page 4. The charity, as normal, is dependant on government grants for the |
| operation of the nursery. During the year the Nursery received an OFSTED report of good. |
| Reserves policy |
| The unrestricted general funds can be used in accordance with the charitable objectives at the discretion of the trustees. The aim is |
| to hold sufficient reserves to cover six months of expenditure, although in reality the reserves normally cover three months.This |
| lower level of reserves is not expected to affect the charity's operations as long as it continues to receive regular income in the form |
| of nursery grants. |
| Going concern |
| The charity has spent a significant amount of reserves on repairs to the nursery roof during the year. The reserves have reduced to |
| £13,585 from £20,913 in 2018. |
| The trustees have considered the matters above, the current economic outlook, the level of funds held and the expected level of |
| income and expenditure for 12 months from the date authorising these financial statements. The budgeted income and expenditure |
| is sufficient with the level of reserves for the charity to be able to continue as a going concern. Therefore the financial statements |
| have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. |
| 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. |
| Induction and training of new trustees |
| New trustees tend to be appointed at the Annual General Meeting, having received the required votes. In most cases, these trustees |
| are already familiar with the operations of the company. The main issue is that of confidentiality and new trustees are made fully |
| aware of this importance. |
| Raunds Child Centre |
| Report of the Trustees |
| for the Year Ended 31 August 2019 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Joint secretary | - resigned 30.10.19 |
| Chair | - resigned 30.10.19 |
| Trustee |
| Joint secretary | - resigned 30.10.19 |
| Trustee | - appointed 27.9.18 |
| Trustee | - resigned 30.10.19 |
| Joint Treasurer | - appointed 27.9.18 |
| - resigned 30.10.19 |
| Trustee | - appointed 27.9.18 |
| - resigned 30.10.19 |
| Trustee | - appointed 27.9.18 |
| - resigned 30.10.19 |
| Trustee | - appointed 1.10.18 |
| Chairperson | - appointed 30.10.19 |
| Trustee | - appointed 30.10.19 |
| - resigned 27.2.20 |
| Trustee | - appointed 27.2.20 |
| Trustee | - appointed 30.10.19 |
| Independent examiner |
| C Baird FCA |
| Willsons |
| Chartered Accountants |
| High Street |
| Higham Ferrers |
| Northamptonshire |
| NN10 8BW |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Raunds Child Centre |
| Independent examiner's report to the trustees of Raunds Child Centre ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2019. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the |
| preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are |
| eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section |
| 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity |
| Commission under section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving |
| me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in |
| this report in order to enable a proper understanding of the accounts to be reached |
| C Baird FCA |
| Willsons |
| Chartered Accountants |
| Carlton House |
| High Street |
| Higham Ferrers |
| Northamptonshire |
| NN10 8BW |
| 26 June 2020 |
| Raunds Child Centre |
| Statement of Financial Activities |
| for the Year Ended 31 August 2019 |
| 31.8.19 | 31.8.18 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| Other trading activities | 2 |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 20,913 |
| Raunds Child Centre |
| Balance Sheet |
| At 31 August 2019 |
| 31.8.19 | 31.8.18 |
| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 13,585 | 20,913 |
| TOTAL FUNDS | 20,913 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 August 2019. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in |
| accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the |
| provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees on |
| Raunds Child Centre |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2019 |
| 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 2015)', 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. |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted |
| by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
| - | the requirements of Section 7 Statement of Cash Flows. |
| 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. |
| 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. |
| Property |
| Improvements to property |
| Equipment |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the |
| asset capable of operating as intended. |
| Taxation |
| The company 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. |
| 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 operates a defined contribution pension scheme. Contributions payable to the charitable |
| company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
| Raunds Child Centre |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2019 |
| 1. | ACCOUNTING POLICIES - continued |
| Leasing commitments |
| Operating leases are written off against income on a straight line basis over the term of the lease. |
| Grants |
| Grants received are disclosed within the fee income for the year in which the related expenditure takes place. Grants that |
| specifically relate to future periods are carried forward as deferred income within creditors. |
| 2. | OTHER TRADING ACTIVITIES |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Fundraising events |
| 3. | INVESTMENT INCOME |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Deposit account interest |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Independent examiner fee | 1,530 | 1,500 |
| Depreciation - owned assets |
| Other operating leases | 3,000 | 3,000 |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2019 nor for the year ended |
| 31 August 2018. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2019 nor for the year ended 31 August 2018. |
| Raunds Child Centre |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2019 |
| 6. | STAFF COSTS |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| 66,745 | 55,487 |
| The average monthly number of employees during the year was as follows: |
| 31.8.19 | 31.8.18 |
| General staff | 5 | 4 |
| No employees received emoluments in excess of £60,000. |
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted fund |
Restricted fund |
Total funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 16,069 | - | 16,069 |
| TOTAL FUNDS CARRIED FORWARD | 20,913 | - | 20,913 |
| Raunds Child Centre |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2019 |
| 8. | TANGIBLE FIXED ASSETS |
Property |
Improvements to property |
Equipment |
Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2018 and 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Pension | 280 | - |
| Accrued expenses |
| Deferred grant income |
| 10. | MOVEMENT IN FUNDS |
At 1.9.18 |
Net movement in funds |
At 31.8.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 20,913 | (7,328 | ) | 13,585 |
| TOTAL FUNDS | (7,328 | ) | 13,585 |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 113,159 | (120,487 | ) | (7,328 | ) |
| TOTAL FUNDS | ( |
) | (7,328 | ) |
| Raunds Child Centre |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2019 |
| 10. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
At 1.9.17 |
Net movement in funds |
At 31.8.18 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 16,069 | 4,844 | 20,913 |
| TOTAL FUNDS | 16,069 | 4,844 | 20,913 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 87,499 | (82,655 | ) | 4,844 |
| TOTAL FUNDS | 87,499 | (82,655 | ) | 4,844 |
| A current year 12 months and prior year 12 months combined position is as follows: |
At 1.9.17 |
Net movement in funds |
At 31.8.19 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 16,069 | (2,484 | ) | 13,585 |
| TOTAL FUNDS | 16,069 | (2,484 | ) | 13,585 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 200,658 | (203,142 | ) | (2,484 | ) |
| TOTAL FUNDS | 200,658 | (203,142 | ) | (2,484 | ) |
| 11. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 August 2019. |
| Raunds Child Centre |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2019 |
| 12. | COMPANY STATUS |
| The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the |
| guarantee is limited to £1 per member. |