Raunds Child Centre - Charities report - 18.1

REGISTERED COMPANY NUMBER: 05484125 (England and Wales)

REGISTERED CHARITY NUMBER: 1111660

Report of the Trustees and

Unaudited Financial Statements for the Year Ended

31 August 2017

for

Raunds Child Centre

Raunds Child Centre

Contents of the Financial Statements

for the Year Ended 31 August 2017

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 10

Raunds Child Centre

Report of the Trustees

for the Year Ended 31 August 2017

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 2017. 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 quality of the education was raised as a result of the completion by the playgroup leader of the Early years

foundation degree course.

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

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 to four months.

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05484125 (England and Wales)

Registered Charity number

1111660

Registered office

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

Principal address

Co/ Raunds Playgroup

The Mobile

Mountbatten Way

Raunds

Northamptonshire

NN9 6PA

Trustees

Mrs S Gray

Director

- resigned 19.1.17

Ms D Parish

Trustee

- appointed 19.1.17

P Bulmer

Unknown

- resigned 20.12.16

Mrs E Bulmer

Housewife

Ms A Covell

Trustee

Ms L Farr

Trustee

- resigned 20.12.16

D Farr

Trustee

- resigned 20.12.16

Mrs A Fearns

Trustee

Ms M Abbott

Trustee

- resigned 20.12.16

Ms Z Brennan

Trustee

- appointed 19.1.17

- resigned 1.12.17

Ms J Cooney

Trustee

- appointed 19.1.17

- resigned 10.10.17

Ms R Phiri

Trustee

- appointed 19.1.17

- resigned 10.10.17

Ms J Hornigold

Trustee

- appointed 19.1.17

- resigned 10.10.17

Mrs S Tull

Trustee

- appointed 10.10.17

Independent examiner

C Baird FCA

Willsons (Higham Ferrers) Ltd

Chartered Accountants

Statutory Auditors

Carlton House, 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 27 May 2018 and signed on its behalf by:

Mrs E Bulmer - Trustee

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 2017.

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 (Higham Ferrers) Ltd

Chartered Accountants

Statutory Auditors

Carlton House, High Street

Higham Ferrers

Northamptonshire

NN10 8BW

31 May 2018

Raunds Child Centre

Statement of Financial Activities

for the Year Ended 31 August 2017

31.8.17

31.8.16

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Charitable activities

75,158

-

75,158

82,941

Other trading activities

2

640

-

640

1,058

Investment income

3

2

-

2

4

Total

75,800

-

75,800

84,003

EXPENDITURE ON

Charitable activities

Charitable activities

82,336

-

82,336

77,992

Governance costs

1,914

-

1,914

1,769

Total

84,250

-

84,250

79,761

NET INCOME/(EXPENDITURE)

(8,450

)

-

(8,450

)

4,242

RECONCILIATION OF FUNDS

Total funds brought forward

24,519

-

24,519

20,277

TOTAL FUNDS CARRIED FORWARD

16,069

-

16,069

24,519

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

Raunds Child Centre

Balance Sheet

At 31 August 2017

31.8.17

31.8.16

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

3,118

-

3,118

4,158

CURRENT ASSETS

Cash at bank

27,864

-

27,864

28,898

CREDITORS

Amounts falling due within one year

9

(14,913

)

-

(14,913

)

(8,537

)

NET CURRENT ASSETS

12,951

-

12,951

20,361

TOTAL ASSETS LESS CURRENT LIABILITIES

16,069

-

16,069

24,519

NET ASSETS

16,069

-

16,069

24,519

FUNDS

10

Unrestricted funds

16,069

24,519

TOTAL FUNDS

16,069

24,519

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended

31 August 2017 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

special provisions of Part 15 of the Companies Act 2006 relating to

charitable small companies.

The financial statements were approved by the Board of Trustees on 27 May 2018 and were signed on its behalf by:

Mrs E Bulmer -Trustee

Raunds Child Centre

Notes to the Financial Statements

for the Year Ended 31 August 2017

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

- 10% on cost

Improvements to property

- 20% on cost

Equipment

- 25% on reducing balance

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.

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

31.8.17

31.8.16

£

£

Fundraising events

640

1,058

3.	INVESTMENT INCOME

31.8.17

31.8.16

£

£

Deposit account interest

2

4

4.	NET INCOME/(EXPENDITURE)

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

31.8.17

31.8.16

£

£

Independent examiner fee

1,914

1,769

Depreciation - owned assets

1,040

1,066

Other operating leases

3,000

2,250

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2017 nor for the year ended

31 August 2016.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2017 nor for the year ended 31 August 2016.

6.	STAFF COSTS

31.8.17

31.8.16

£

£

Wages and salaries

52,334

54,533

Social security costs

795

1,409

Other pension costs

125

-

53,254

55,942

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

31.8.17

31.8.16

General staff

4

5

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

Charitable activities

82,941

-

82,941

Other trading activities

1,058

-

1,058

Investment income

4

-

4

Total

84,003

-

84,003

EXPENDITURE ON

Charitable activities

Charitable activities

77,992

-

77,992

Governance costs

1,769

-

1,769

Total

79,761

-

79,761

NET INCOME/(EXPENDITURE)

4,242

-

4,242

RECONCILIATION OF FUNDS

Total funds brought forward

20,277

-

20,277

TOTAL FUNDS CARRIED FORWARD

24,519

-

24,519

8.	TANGIBLE FIXED ASSETS

Property

Improvements to property

Equipment

Totals

£

£

£

£

COST

At 1 September 2016 and 31 August 2017

15,000

17,128

18,222

50,350

DEPRECIATION

At 1 September 2016

15,000

17,128

14,064

46,192

Charge for year

-

-

1,040

1,040

At 31 August 2017

15,000

17,128

15,104

47,232

NET BOOK VALUE

At 31 August 2017

-

-

3,118

3,118

At 31 August 2016

-

-

4,158

4,158

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

2,694

-

Social security and other taxes

636

827

Net Pay Control

-

(209

)

Pension

57

-

Accrued expenses

2,628

1,440

Deferred grant income

8,898

6,479

14,913

8,537

10.	MOVEMENT IN FUNDS

At 1.9.16

Net movement in funds

At 31.8.17

£

£

£

Unrestricted funds

General fund

24,519

(8,450

)

16,069

TOTAL FUNDS

24,519

(8,450

)

16,069

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

75,800

(84,250

)

(8,450

)

TOTAL FUNDS

75,800

(84,250

)

(8,450

)

Comparatives for movement in funds

At 1.9.15

Net movement in funds

At 31.8.16

£

£

£

Unrestricted Funds

General fund

20,277

4,242

24,519

TOTAL FUNDS

20,277

4,242

24,519

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

84,003

(79,761

)

4,242

TOTAL FUNDS

84,003

(79,761

)

4,242

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2017.

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.