REGISTERED COMPANY NUMBER: 02698820 (England and Wale¥) REGISTERED CHARITY NUMBER.. 1010231 Re ort of thè Tru5teÈ8 and Unaudited Financial Statgments 31Ma 02 for board Chl enham Monahans Chart8red Accountants 14a Forest Gate Pew5ham Chippenham Wiltshire SN15 3RS
rin board Chi enham Contents of tho Flnanclal Statemen for the Year Ended arch 2024 Page Report of the Trustees 1 tr) 5 Independent Examlner's Report ststament of Flnancial Activities Balanco Sheet Notes to the Flnanclal Stat&ment8 9 to 19 Detailed Statement of Flnancial Acllvttlas 20
board Chl enham for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies A¢t 2006, present their report with the financial statements of the charlty for the year ended 31 March 2024. Thg trustees have adopted the provlsions of Accounting and Rèporting by Charitie8: Statement of Recommended Practlce applicable lo charities preparing thelr accounts in accordance with the Flnanclal Rèportlng Standard applicable in the UK and R6publlc of Ireland {FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Maln objectlves of Sprlngboard 'The objects for which the Company is &stablished are to provida safe and stlmulatlng group play for the advancemènt and eduoallon of children wlth spacial needs of pre-school age in North Wiltshira and for tha BUPPOrt of the parents, carers and families by th6 provlsion of advica and informatlon. The maln objectives of the charity are Set out in its mission statsm8nt'. - Sprlngboard Chippenham provide8 a high-quality care and learnlng environment for young children with additional needs and Ihgir famili&s. Thls Is achlèved by.. Valuing all children as unique - Worklng in partnershSp vvith parents and professionals to provide timely and appropriate Support Ensuring that th8 children access enrlched and indlvlduallsed learning experiences through play Devèloplng a profésslonal committed Workfor that ntInueS to meet the needs of the children and families - Cr8ating a sustainabl8 and cost- effective approach to s6rvic6 delhry - Acce88ing high18vel8 of fundraising and chatitab16 donatlons that support thè fundlng from Wlltshlra Local Authority The management cornmittee aims to achieve these objectives by providing high quality facililie3 and highly trained staff. Springboard is dedicated to helping children aged O-5 wFEh speclal needs to leam through play. It exlsls to provlde a safe and stimulating 8nvironm8nt for chlldren these children. Its geographical catchment area is restii¢ted to North Wiltshire. Strategie8 to achieve our obJectlve8 On site provision includes specialist pre-school $6ssion8 for children aged 2-5 years and 2 81ay and play group for children under iwo with their parents or car8rs. We a180 provide 8UPPOrt and information for all par8nl8 and carers. Additionally, we offer both onsite and offsile inGlusion support to mainstream 8etlings with whom we share children. These partneTshlps promote the inclusion of Chiklren th SEND in their local setlings. We help to ci>ordinale other related agencies who may be involved wlth the chlldlfarnlly. These include Health Professionals such as nurses and health visltors. Educational Psychologists, Physiotherapists. O¢¢upational Theraplsts, and Speech and Language Th8rapi8t8. Our primary aim Is to promote posltivè lifelong outcomès through early support and Intsrvention. Children's progress is asse88ed using the Early Years Foundation Stage (EYFS). This is shar8d with par8nVear&Tr at regular team around the child SEN review meetings and ensuring Ih8t early support is in place. All children have en Indlvldualised plan In place to meet Iheir needs. Springboard 18 rated "Oulslanding by Ofsted. Springboard provtdes substantial bgn8fits to uhlldren and thelr families through education, multi-agency working, information, and support and advic6 services. Local rnainstream pre-schools and schools benofft from thg spaclallst advice and inclusion support offer@d. Publlc benoflt Vvhen setting plans and prioritias, th6 Truste6s of Springboard Chippenham follow the late8t guidelines from th8 Charity Commission on the provision of public b@nefil, in accordance with the Charities Act 2011. The Tru8tee8 consider how activities align with the objectives and focus on providing the activities which will make the greatest difference to the chlldren and famllies. In dellvering these activities. Springboard identifies the benefits to the Se$ users and monitors progress to ensure the bonefits ar8 accumulatlng as plann8d, A cycle of continuous improvement is used to assess perfomiance and to promot8 P081tive lifelong outcomes for the childran. Springboard works within a multi- agèncy fram8work to Improv6 the Dutcomes for bolh children and thelr families. helping children to achieve their full potsnlial. This has both a monetary and social ben8fit to 80Cl6ty in addition to thos8 for the immediate beneficiaries. By doing this, Springboard meets the public benefit qUirement as described in the Charities Act of 2011. The work undertaken is In support of social Capitsl by ensuring that children with disabilities and thair families are included in Ihelr local communities. Paga 1
rtn board Chi nham rt of the Trug forthe Year Ended 31 March 2 OBJECTIVES AND ACTIVITIES Volunteers Vvithout the support of many voluntears and helpers, Springboard would not be able to provide the service that it does. Volunteers are in short supply but are vital to dellvèring tho charlly's objectivas. A8 a commillee we recognlse the challenge of recruiting volunteers and see this as an area for consideration. We continue to look at ways In which we may be abEe to recxuit new volunteers for the management committee. ACHIEVEMENT AND PERFORMANCE Charltable a¢tivities There are some achievements to celebrate,, The charity has again focused on digital syst6ms and proce889s throughout Ihe business, with an gmphasis on cybersècurity and fraud protection. Our SeNic6 Level Agreement (SLA) with Vwiltshlre Council IWCI was duè to end in 2024 and WC put th@ new 10-year contract out lo lender. Springboard used the process as an opportunity to complete a full revi8w of s8rvices offered. The planning and completion of the submission dominated the last S months of the year for both the Offi staff and the Manager. The additional workload resulted in a positiv6 outcome, Springboard ncFW has a new contract with WC prioritising inclusion and early support for the youngest children with SEND. rin board th8 chari mvided.. 75 placements (where children over the age of 2 atlend for up to 5 hours a day without thèir parents) - A we8kly stsy and play session for parenls Nwth children aged 2 years and undar - A88iSted wilh some transport Costs for families Playdateg (stay play groups in non-tenm time) Saturdads {monthly Saturday morning group for'Dads' 2nd mal8 car8rs) - Workshops for parants and oth8r pmfessionals, on approaches such as Makaton and visuals to aid communlcation - Termly Cuppa and Chat sessions for parents and care Impact . what difference does thg 8ervice make? Springboard offers 3UPPOrt to children (and their famlllesl as soon as posslble following referr81, whether it is a pl8ment for assessment, full placement, a Stay and Play group or Playdate8, Saturdads and workshops - Stsff are encouraged to think holistically and about how famili8S Can be 8UPPOrted beyond Sprlngboard wllh other agency support - To ensure Springboard remains professionally informed about the needs and intentions for support Lead praclition6rs attend lo(al network and cluster meeting8 for transitions, the manager slts on the Early Years R8f6renc8 Group, MAF (Multi Agency Forums), is a Governor for Silverwood Spe(aal Sthool. and worf(s with the local authority on the implementation of its 0-25 SEND inclusion strategy - The online leaming joumal and tsthnology enables greater participatlon from parants. It givgs gr8ater transparency about the child's experience5 at Springboard as well as their dev81opm8ntal progr. Springboard hosts paedlatricians, ¢linios and thls banefits tho familie8 as they do not need to travel lo appolntments and the child Is in a familiar setting. Sprlngboard consults with service users to evaluate and plan provi8ion. Springboard Plrts childrén in the centre of all that it does, creating a culture of ablllty and ambition for thildren with SEND. Pag8 2
board Chl anham Re for the Y ort of tho Trustees 31 arch 2024 Springboard invests in its staff lo establlsh a hlghly sklllèd and professional team. Staff ¢ontinue to access training - we now hav8 a staff group with a rangEJ of higher-l@V81 quallficatlons within the playroom and the office. including an Early Year8 Po8t Grad, an MA in Childhood and Youth, Masters in Buslnass Admlnistratlon IMBA) Hons Dagrgè, and Foundation Degree. Office staff attend tralnlng and forums lo d9velop and improve Ihe business management actIlIes. Buslness planning Includes the development of sorvi¢os, sustsinability, and planning for grant applicationsl fundraislng, personnel pollci88, and procedures. CHALLENGES Nationally, the early years sector is underfunded and as a result staff are paid close to the minimum wage. With thè cost of Ilvlng at an all-time hlgh, recruiting staff into tho induslry has been a challenge. Whilst Springboard values its qualili8d Staff and offers higher pay than many malnstream settSngs, there are challenge¥ from other ¥eotors are offering more and th8rèfor6 tha r6t6ntlon of our skilled stsff remains a prforlty. The increase to the National Minimum Wage has begn a challang8 financially, 8specially as this is the second con8eculiv8 year th an increase of 9.7.10 follow8d by 9.8°h. These increases are not aligned with th8 income r8ceived from eith8r the s8Ce L8val Agraemènt with Wilt8hira Council or the Early Years Funding. FINANCIAL REVIEW Reserves and financial control Considering the statutory funding shortfall from pr8viDUS years and based on th8 curr&nl economic climat8. th8 trustèes decided to set aside sufficient funds to cover up to stx months operating C08ts (a8 r8commended by th8 Charily Commission). This reserve would be used lo supplement monthly cash flow shortag88. It is th8 trusteg's intention to keep the operatlng reserve at approximately this level to protect the charity from changes in core GO81 funding and lo cover any potential obligations. This reserve WOU be used to mlnlmise the impacl upon Ihe children during any ch8ng8s to $8Thdc6 dellvèry. Th8 res8rve8 ar8 curr8ntty £125,000, which is equivalent to approximat8ly 4 months oparnting costs. A rolling three-year plan and annual budget are produced for each financial year. against which actual performan 18 contlnually monitored. At thè regular meetings of the management Committee the performance agalnst budget 15 dlscussed, alongslde cosh flow. Sufficient controls and systgms are in plac8 to 8n8ure the secuiity and efficient U88 of th8 charity's assots. Th8 r&s8Jves will be kept acro88 several Savings accounts to keep below thg threshold of £85,000 and therefor8 try lo minimi8e any risk of futurè losses if the bank collapses. All trustees give up their time freely and no remuneratlon was paid in the year. No trustee received any benefit. Trustees can claim out of pocket @xpens@s to be r8lmbursèd at cost price, or alternatively the trustee can choose to donate the C08t of th8 expense to our charity. Expens88 are r&imbursèd as pèr the pollcy and guldelines, with a view to accessing voluntQgr8 from 811 backgrounds. As an employer, the charity pays tax through the national Insuran contributions we make. Sprlngboard ullllses a varlety of fijnding streams to promote sustsinabillty, these Snclude fundra15ing events, donations, grants, and its contract with Willshir8 Coun¢il. In addltlon, Sprfngboard, like other early year5 provlders can olaim universal ftinding such as Early Yaars Entitlèm8nt funding for 3 and 4 year olds and 8liglble 2 year olds. Early Years Pupil Premium IEYPPI and Disability Actsss Funding IDAF)- In the last financial year Springboard was fortunate to receive several grants, which h8lp&d with th8 linanol81 sustainability of the charity and overcome some of its fundraising thallenges. Overall flnan¢lal health The current econc)mlc and publlc sector funding situation is expected to remain challenging for some time to come. Th6 market is Increasingly competitlve for grant applicetion8 and fvnding. Thls financlal ygar has baèn no 8xcèplion', however, Springboard not only reached Its fundralslng target but surpa55ed it and achi8vad a Surplus. This is a trgmondous achlavement Springboard has a good record over the rBcent y8ars of being able to incr8a8e its incom& and dgliv8r valugs and cost-effective servi¢es. Page 3
board Chl enham of the Truste for the Year Ended 31 rch 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status Springboard is incorporated as a company limited by guarante& and 18 registered with Ihe Charity Commission as a charity whose purpose is to support pre-school thildren with special needs and their parents. In setting our objectives and planning our activities, the tru3tee5 have duly con5idergd the Gharity Commlssion's guidance on public b6nefit. Organlsatlon The Charity is managed by a management committee, frorn thi5 group. a Chair, VICÉ Chair, Treasurer and when appropriate a Company Secr&tary are chosen, It is governed by its Articles of Associalion datsd July 2019 and by its Memorandum ofAs8OCl81ion dated Sept 2022. The Memorandum of Association sets aut the charitable purposes for publlc ben8fit'. to promda safe a1 stimu12ting group play for thé advancement and education of children special needs of pschool age in North Willshlre and for the support of the parents, carers and families by the pros1On of advice and infomiation. Trustees are 818Cted by Members of the Cornpany at the Annual General M8etlng. Trustees are appointed for a tsrm of three yea[3, after which they are eligible ft)r re-election for a seTr)nd term of three years. After consecutive lems trustee must resign for a minimum period ol a year. All ttustees are required to agree to a codè of conduc( suitability, and DBS chedt, to complete an Induction programme onllne Safeguanling and cYr Sacurity training. Ther8 is a nominated trustee for Safeguarding. Rlsk management The trustees have a duty to identlfy and r8vi8w the ri8ks to which the charity is exposed and lo ensure appropriate controls are In place to provide reasonable assurance against fraud and error. Tha tru8t888 are responsible for ensuring the charitvs 95sets are safeguarded against unauthorised usa or di8pasition and fai ensuring Springboard complies with all the relevant laws and regulations. REFERENCE AND ADMINISTRATIVE DEfAILS Reglst8red Company numbor 02698820 (England and Wales) Raglstared Charity number 1010231 Ragl8tared offlce Kings Ri8e Centre Lodge Road Chippenham Wiltshire SN15 3SY Trugteeg Paul Richard Loveday- Treasurer Elaine Susan Stewart- Vlce Chair & Safaguarding Rep Aaron Danlèl Bewley Iresigngd 16.11.23) Jennlfer Ferguson Jessica Katherine Light Christopher Terence Nunn - chair Paul George Sweet Helen Ashton {resigned 25.9.231 Angela Everett (appointed 16.11.231 Kit Hawkins (appointed 16.11.231 Company Secretary Anne Farrell Page 4
S rin board Chi enham ort L)f the Truste93 lor the Y8ar End8d 31 March 2024 REFERENCE AND ADMINISTRATIVE DAlLs Independent Examlngr Slmon Cooper, FCA Monahans Chartered Accountan18 14a Forest Gate Pewsham Chippenham wiitshlre SN15 3RS Approved by order of the board of trustses on ...... and Signed on Ils behalf by: Annè Fatrall - Secretary Page 5
Ind& endent Examinerfs Re board Chl ort to the Trustees of enham Independent examlnerfs report to the trustges of Sprlngboard Chlppenham I'the Company'l I report to the charity Iruslees on my examination Df the accounls of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for th& purposes of company law) you are responsib19 for the preparation of the accounts in accordanc@ with th& requirements of the Companies Act 20061'the 2006 Act). Having satisfied mys61f that the accounts of the Cornpany ar8 not required to be audited under Part 18 of thè 2006 Act and are 611gible for indapendent examination, I report in respect of my examlnation of your charity's accounts as carried out under Section 145 of the ChaiTLies Act 2011 ('the 2011 Acf }. In caffying out my examlnation I have followed the Directions given by the Charity Commi55ion under Section 14515) (b) of the 2011 Act. Independent &xaminerfs statement SinG8 your charity'6 gros8 income exceeded £250,000 your examiner must be a membar of a lisled body. I can confirm that l am qualified lo undertake the examination because l am a membèr of th& Instituts of Chartered Actountsnts in England and Wales, which is one of th8 listsd bodies. I have completed my examination. I confirm that no matt8rs have come to my attention In connection with the examinatlon giving mo Cause to beli8ve.' acwunting records were not kopt in respect of the Company as required by Section 386 of the 20C6 Act- or thè accounts do not acGord wth those records., or thg accounts do nol compty with the accountlng requirements of Saction 3% of the 2006 Act other than any tequiremenl Ihat the account5 glve a true and fair view which is not a matt8r considered a8 part of an independent examination. or the accounts have not been prepared in accordanc? with th8 methoK1s and piinciples of the Statement of Recommended Practlce for accounting and reporting by charities (applicable to tharilies preparing th&ir accounts in accordancg with the Financial R8POrting Standard applicable in the UK and Republic of Ireland IFRS 1021}. I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order lo enable a proper understandlng of tha accounts to b@ reached. Simon Cooper, FCA Monahans Chartered Accountants 142 Forest Gate P8wsham Chippenham Wiltshire SN15 3RS Datg.. Pag& S
board Chi enham 8tatgmgnt of Financial Aclivitie8 oratln an Income and Ex 8ndltur& Account for the Ye Incor 2024 Total fund8 2023 Total fund8 Unwstricted funds R8strfcted funds Notes INCOME AND ENDOWPdtENTS FROM Donations and legacie8 53,140 53,140 39,372 Charitable activitips Charitable services 196,380 61,383 257,763 271,579 Other trading a¢tivities Investment incom6 23,926 2,908 23,926 2,908 13,366 144 Total 276.354 61,383 337,737 324,461 EXPENDrruRE ON Ralsing fundg 2.573 2,573 2,028 Charltablè acuvltlès Charllablè servlcès 233,288 98.581 331,869 299,948 Total 235,861 98.581 334,442 301,976 NET INCOMEI(EXPENDrruREI Translers between funds 40,493 1,498 137,198) (1,498) 3,295 22,485 18 Net movement in funds 41,991 138,6S6) 3,295 22,485 RECONCILIATION OF FUND8 Tolal funds brought fo[wal 199,768 52,860 252,628 230,143 TOTAL FUNDS CARRIED FORWARD 241,759 14,164 255,923 252,628 The notss fonr part of these flnanclal statements Page 7
rin board Chi enham Re istered number: 02698820 Balanc8 Sheet 31 March 2024 2024 2023 Note$ FIXED ASSETS Tangibl6 assets 13 19,862 23,386 CURRENT ASSETS Debtors Cash at bank and in hand 14 12,911 22g,424 12,183 234,142 242,335 246,325 CREDITORS Amounts falling due within one y@ar 15 16,2741 117.083) NET CURRENT ASSETS 236,061 229,242 TOTAL ASSETS LESS CURRENT LIABILITIES 255,923 252,828 NET ASSETS 255.923 252.628 FUNDS Unrestricted funds Restrlctad funds 18 241,759 14,164 1gg.768 52,860 TOTAL FUNDS 255,923 252,828 Th8 charit8ble company is entitled to exernption from audlt under Sedion 477 of the Companies Act 2006 lor th8 yeai ended 31 March 2024. The members have not réqulred the company to obtain an audit of its financial stalernents for the year ended 31 March 2024 in accordance wtth Section 476 of the Campanie3 Act 2006. The trustees acknowledge their responsibilities for (al ensuring that the tharitable company keeps accounting records that comply Mth Sections 386 and 387 of the Companies Act 2CNJ8 gnd preparing flnancial statements which give a true and fair vi8w of the stats of affairs of the charitable oompany as at the end of eath flnandal yéar and of its surplus or deficit for each financial year in acwrdance with the requiremgnts of Sactions 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial 81atemants, so far as applicable to the charilable company. (bl These financial statements have been prepared in accordance with the provisions applicablè to charitable compani88 Subject to the small companies regime. The fin ncial slatsments were approved by tha Board of Trustees and authorised for issue &16.?/£O.Zl&.,... and were signed on its bèhalf by.. on Christopher Terence Nunn - Trustee Paul Richard Lov8day- Twstee The notes form part of th68e financial statsments Page 8
board Chl enham Notes to the Financial Statemen orlhe Year Ended 31 March 2024 ACCOUNTING POLICIE8 Ba818 of preparlng the flnanclal stat8monl$ Springboard Chippanham 18 an incorporated charity registered in England and Wales. Th8 principal address of charity is given within the reference and administration details on pag8 4 of Ihes8 financial statements. Th6 nature of the charitys operaliDn5 and principal activities are prowded in thg Report of tho Tru8tpes. Th8 Gharlly conslilutes a publlc benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporbng by Charities.. Ststemerbt of Re¢ommended Practice applicabla to charitlès prèparing their accounts in accordanco with the Financial Reporting Standard applicablè in the UK and Republic of Ir8lané {FRS 102) issued In October 2019), tha Flnancial Reporting Standard applicable in the United Kingdom and R8public of Ireland, th8 Charitles Act 2011, the Companlas Act 2006 and UK Generally Accepted Practice. The financial ststements are prepared on a going concern basls under the hlstorlcal ¢0st Gonvention, modlfied to Include certain Items at fair valu8. The financial statements 8r8 prepared in sterling which is the functional currency ol the charity and rounded to the n6arest £1. Th6 significant accoullling policies applied in the pr8paration Df the88 financial stalem8nts are s8t out b61ow. These policies have been con818tently applied to all year8 presented unles8 Otherwise ststsd. Golng concem The financial statements have been prepared on a going concern basis as the trustees believe that no material uncBrtainties est The trustees have ¢onsidered the level of funds held ahd the expectsd level of income and expenditure for 12 months from authorlslng these financial statsments. Tha budgeted income and expenditure is sufficient wlth th6 lev81 of reserves for the oharity to be able to continue as a going concem, Incom All income is recognised in the Statement of Financial Activities once the charlty has entlernent to the nds, it is probable that the income wlll ba racelvèd and the amount can b8 measured reliably. For donations to be recognised the charity will hav8 bean notified of the amounts 2nd the 8ettlem8nt date in iting. If the are conditions altached to th8 donation and this r8quir88 a level of p8rfonnanc8 b8foT8 entitlement ¢an be obtained then income is deferred unlil those conditions are fully met or th8 fulfiltnent of those condltlons is wlthln the control of the charity and it is probable that they will be fulfilled. Donat6d fadllttes and donatèd professional services are recognised in income at their fair value when thelr &conomic bènefit is probable, it can be measured rellabty and the chaiity has control over the item. Fair value is d61ermined on the basis of the value of the gift to the charity. For example the amount th8 charity would be willing to pay in the op8n market for such f&cilitie8 and se1. A CDrre8ponding amount is recogni8ed in expenditure. The accommodation and facilities from which the charity operat88 ar8 pfDvided al a discounted rent, the market value ofwhith has been agsessed as £17,250 per annum. Starting September 2019 an annual rgnt is paid of £5,715 for addltlonal space in the same accommodation and facilities. In accordance the accountlng policies the rent free element has been included as both a donatlDn and an expense. Income from gran18 is recognised at fair valu8 when th6 charity has &ntitl8msnt after any p8rformanc6 condittons have been mel, it is probable that the income will be receiv8d and the amount can be measured reliably. If entitlement is not rnet then these amounts gre deferred. Income from tradlng activities includes income earned from fijndraising events and trading adivitie8 to ralse funds for Ihe charity. Income is received In éxchange for supplylng good5 and Servi5 in ord8r to raise fijnds and is renised when ontbtlem8nt has occurred. Expèndtture Liabilities are recognised as expenditure as soon as thore is a legal or construdlvè obllgat6on commlttSng the charity to that 6xpenditure, it is Pfobabl6 that a transfer of economic benefits will be required in setllem8nt and the amount of the obligation can bg measurèd reliably. Expenditure 18 acoounted for on an accruals basis and has been classified under heading3 that aggregate all cost r8lated lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to aotivities on a basis consistsnl with th& us& of resources. Tanglble flxed assets Depfftclation 15 provided at the following annual ratss in order to write off each a88et over its estimated u8eful life. Plant and machingry Fixtures and fittings Computer equipmonl 25% on reducing balance 25Yo on straight Ilne basls 25% on 8traight line basi8 Pag8 9 continuad...
board Chi en am Note8 to thg Financial Statemen - continue for the Year End6d 31 March 2024 ACCOUNTING POLICIES - contlnued Tangiblo fixed assets Flnanclal In8truments The charity only hokl8 basic financial inslruments as defined In FRS 102. The flnanclal assets and linancial liabilitie¥ of the charity and their measurement basls arè as follow8.. Financi81 a88 4- trade and other deblorn are basic financial Instruments and are debt instruments measured al amortised cost as delalled in note 14. Cash at bank - is classified as a basic financial instrument and is measured at f8ce value. Financial liabilities - trade creditors. accruals and other creditors ar6 financial instruments, and are measured at amortised cost as detsiled in note 15. Taxation and social security are not induded in the finanual in81rumerrts disclosure definition. Taxation The charity is an exempl charity wthin the meaning of schedulé 3 of the Charities Act 2011 and is consider1 to pas8 Ihe tests set out in Paragraph 1 Schedule 8 Finance Act 2010 and thèreforè il meets the definition of a charitable company for UK corporation tax purposes. Fund accounting Unrestricted funds can be used in aOrdanCe the charitable obj8Cttves at th6 discretion of the Irustees. Deslgnated funds comprisé unrestricted funds that have b88n set aside by the Irustees for particular puoseS. The aim and use of each d6signated fund 18 set out in the notes to the financial statements. R6Stricled funds can only be used for particular restricted purposes within the objects of thg charity. Restrictions ari88 when specified by Ihe donor or when funds are ralsed for parbcular rastiictgd purposes. Furiher explanation of the natufft and putpose of each fvnd Is included in the not88 to the financial ststetrents. Pengion costs and other post4etlrement benèflts The charltable company operatas a defined contribution pension scheme. Contributions payable to the charftable mpanY'S penslon schem& are charged to the Statement of Financial Activltles In the period to which they rema. DONATIONS AND LEGACIES 2024 2023 DonatiDns Gift aid Donated services and facilities 27.$53 8,237 17,250 19,502 2,620 17,250 53,140 39,372 OTHER TRADING ACTIVITIES 2024 2023 Fundraising evants 23,926 13,366 Page 10 contlnued...
board Chi enham ot88 to the Flnanclal Stat8mgnt8 . contlnuad for tho Yèar Ended 31 March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 2,908 144 INCOME FROM CHARtrABLE ACTIVITIES 2024 2023 Actimty Charitable services Charitable services Contractual payments Grants 75,442 182,321 75,442 196,137 257.763 271,579 RAISING FUNDS othor tradlng actlvltl8B 2024 2023 Fundraising and publicity 2,573 2,028 CHARITABLE ACTIVITIES COSTS Support CQSts (see note 8) D1ct Costs Totals Charitable servic8S 328,650 3,219 331,869 SUPPORT COSTS Govemance costs Charitable services 3,219 NET INCOMEI{EXPENDrruRE) Net incomel{expenditure) is stated after chargingl(credFllngl: 2024 2023 Depreciation - owned assets Indepandent examine¢8 fee 8,240 2.931 9,894 2,818 10. TRUSTE&8' REMUNERATION AND BENEFrrs There were no trusl@es' remuneratlon or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truslèes, expen8es Therè w&ra no trnsteas, exp6nses paid for the yaar 8nd8d 31 March 2024 nor for the year èndad 31 March 2023. Page 11 ¢ontinued...
board Chl enham otes to the Flnanclal Statarnents - continued for e Year En ed 31 March 2024 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 230,100 8,611 15,236 211,543 9,215 13.395 253,947 234,153 The average monthly number ofemployees during the year was as follows.. 2024 2023 14 Number of staff Na employees received emoluments in excess of £60,000. Key management personnel rgmunoration The total amount ol ernploy88 benefits reiVed by key management personnel Is £124,52512023.' £121,967). The charity considers its k8y management personnel comprise the truste8s and tha Manager, Deputy Managers and Busine88 support roles. 12. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTivrriES Unrestricted funds Re81rict8d funds Total fijnds INCOME AND ENDOIVMENTS FROM Donations and legacies 39.372 39,372 Charitable activitios Charitable services 155,903 115,676 271,579 other trading activittes Investment income 13,366 144 13,366 144 Total 208,785 115,676 324,461 EXPENDITURE ON Raising funds 2,028 2,028 Charltable actlvltlès Charftable services 209.813 90.135 299,948 Total 211.841 90,135 301.976 NEf INCOMEI(EXPENDITUREI Transfers between funds 13,0561 704 25,541 17041 22.485 Not movw)ent In funds {2,352} 24,837 22,485 RECONCILIATION OF FUNDS Total funds brought forward 202,120 28,023 230,143 TOTAL FUNDS CARRIED FORWARD 199,768 52,860 252,628 Page 12 ontinued...
rin board Chi enham Nol98 to tho Financlal Statement8- contlnu8d for tho Yoar Endod 31 March 2024 13. TANGIBLE FIXED ASSETS Flxtur88 and fillings Plant and machinery Computer equipm&nt Totals COST At 1 Aptil 2023 Additions 128,910 493 23,732 19.077 3,859 171,719 4,716 At 31 March 2024 129,403 24,096 22,936 176,435 DEPRECIATION At 1 Apiil 2023 Charge for year 107,755 5,412 23,732 91 18,846 2,737 148,333 8,24Q At 31 March 2024 113,167 23,823 19,583 156,573 NET BOOK VALUE At 31 March 2024 16,236 273 3,353 19,862 At 31 March 2023 21,155 2,231 23,386 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepaym6nts and accru8d Income 1,237 11,674 881 11,502 12.911 12.183 15. CREDITORS: AMouTrTfs FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credFLors Social seouiity and other taxes othèr cr6dltors 498 2.805 3,171 704 2,783 13,596 6,274 17.083 LEASING AGREEMENTS Minimum lease payments under nonpcancellab19 0perating1gaseB fall due a8 follDW8- 2024 2023 withln one year B8iw&en on& and flva ysars In rnore than five year8 9,783 37,788 5,368 9,7 37,414 13,750 52,939 60,601 Page 13 continued...
board Chl nham Notes to he Fln nclal State e Year Ended 31 8nts - contlnued h 2024 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total fund5 Unrestricted funds Reslriclèd funds Fixed assets Current assets Currenl liabiliti8S 19.862 228.171 (6,274) 19,862 242,335 16,2741 23,386 246,325 117,0831 14,164 241,759 14,164 255,923 2S2,828 18. MOVEMENT IN FUNDS Nat movem&nt in funds Transl8rs between fund Al 31.3.24 At 1.4.23 Unro8lrlcted fund8 G@n8ral fund Designaled Fund- Operating ReseNe Designated Fund- Xerox Designated Fund - Telephone systgm Ciesignatsd Fund - Fix6d ass@ts fund 8,318 145,000 4.704 18.360 23,386 67,108 20.000 {20,000 95,426 125,000 3,312 1,377 16,644 (1.392} {16,983) 18,240) 1,498 199.768 40.493 1,498 241.759 Restrlcted funds Children In Need NatIOnde Wiltshire Community Foundatio Masonic Charitable Trust Chippenham Lions Weinstock Edward Gostling AA Wiltshire Councll PPE Chipp8nham Area Board Julia Han8 Rausing Trust Garfiekl Weston Community Fund Chippenham Borough Lands - Rabbits The Openwork Foundation 2,272 9,049 3,750 1,250 12,2061 14,5341 13,7501 4,515 1,000 11,CrfJOI 2,500 3,750 455 2,500 (3,750) (455) 498 (12.500) {10,417} (4,167) (2,750) 5,833 {4981 12,500 10,417 4,167 2,75D 5,833 52,860 137,198) {1.498) 14,164 TOTAL FUNDS 252,628 3,295 255,923 Page 14 continued...
board Ch. enh to he Financlal statements - contlnued for thg Ygar Ended 31 March 2024 18. MOVEMENT IN FUNI)S- contlnued Net rnovoment in funds, includgd in Ihe above ar8 a8 follows: Incoming resources Resources expended Movement in fvnds Unrgstrl¢t8d funds General fund Designated Fund - Xorox Designated Fund - T8lephon6 System Designatad Fund - Flxèd assèts fund 276,353 1209,245) {1,3g2) (16,983) 18,240) 67,108 (1,392) (1e,9831 (8,2401 278,353 (235,860) 40,493 R08trlctod funds Chippenham Town Counril Children In Need Nationwide Ashendene Trust wiitshlre Community Foundatton Early Y@ars Pupil Pramlum (EYPPI Disability Acce88 Fund MasoniG Charitable Trust Chippenham Lions Weinstock Edward Gostllng AA Willshire Council PPE Chlppènham Area Board Julia Hans Rausing Trust Garfield W8ston Communily Fund Chippenharn Borough Land8- Rabbits Holman The Openwork Foundation 905 9,968 19051 (12.1741 14.5341 15,0001 13,7501 {9771 (23.184) {5,000) 12,20ei 14,5341 5,000 13.7501 g77 23.184 5,000 1,000 3,000 1,000 {3,000) (3,750) 1455) <3,750) {455) 498 112,5001 (10,4171 14,167} (2,750) 498 112,5001 110,4171 (4,167} (2,750} (1,852) (4,167) 1,852 10,000 5,833 61,384 {98.582} 137,198} TOTAL FUNDS 337.737 {334,442) 3,295 Paga 15 continued. .
rin board Chi enham Not88 thg Financial Statements - ontinued forth& Y&ar Ended 31 March 2024 18. OVEMENT IN FUNDS- contlnuèd Comparatlveg for Movement In funds Net movement in funds Translers between funds At 31.3.23 At 1.4.22 Unrestrlctad fund8 General fund Designated Fund - Operating Reserve Designat6d Fund - Xerox Designated Fund - Telephone system Designated fund - Mark Pearson Designated Fund - Fixed assets fund 15,265 145,000 2,860 5,373 1,375 32,247 12.421 (19,3681 8,318 145,000 4,704 18,360 (1,6571 {2,5511 11.375} 19.894) 3,501 15,538 1,033 23,386 202,120 13,056) 704 199,768 Restricted funds Children In Need Nationwide Wiltshire Cornmunity Foundation Early Years Pupil Promium IEYPP) Masonic Charitable Trust Chipp6nham Lions Weinstock Edward Gostling AA Wiltshire Counryl PPE Julia Han$ Rau5ing Trust Garfield Weston Playroum Snacks Communlty Fund Chippenham Borough Lands- Rabbits Calne Lions 2,272 2.272 9,049 3,750 9,049 3,750 310 13101 1,250 146 2,500 1,250 11461 2,500 3,750 455 12,500 10,417 3,750 (2571 6.250 712 6,250 10,417 100 1,626 2,750 {100} 2,541 4.167 2,750 3g4 (3g4) 28.023 25,541 [104) 52,860 TOTAL FUNDS 230,143 22,485 252,628 Pag8 16 ¢ontinu8d.
board Chi enham ote8 to the Financial Slatemen18 . contlnued for tha Y&ar Endod 34 March 2024 18. MOVEMENT IN FUNDS- contlnuèd Comparative nat mov8ment in funds, included In the abovè are as follow8.. Incoming resources Resourc88 expended Movement In fvnds Unrostrl¢ted funds General fund Designated Fund- Xerox Deslgnated Fund- Telephone 5ySt8m Deslgnaled fund - Mark Pèarson Dèsignated Fund- FIx6d ass8ts fund 208.785 (196,364) 11,657) 12,551) 11,375) 19,894) 12,421 (1,6571 (2.5511 (1.3751 {g,8941 208,78S 1211.8411 13,05el Restrlcted fund6 Children In N68d Naliotwide Wiltshire Community Foundation Early Years Pupil Premlum IEYPP) Disabillty Access Fund MasDnlc Charitable Trust Chippenham Lions Weinstock Edward Goslling AA Willshire Council PPE Groundworks Julia Hans Rauslng Trust Garffeld Weston Playroom Snacks Community Fund Chippenham Borough L8nd8- Rabbi18 Royal Wootton Basset TC Calne Lion8 10,718 10,000 6,750 999 20,800 5,000 {10.7181 (9511 (3,0001 {6891 120,800) {5,QOD) (146) 13,000) 11,250) 1257) (2,165) (18,750) {12,5001 (1001 (7,459) (3,000} {350) 9,049 3.750 310 1461 3,000 5,000 3,750 {2571 2,165 25,000 12,500 6,250 (100) 2,541 10,000 3,000 350 394 115,676 (S,135) 25,541 TOTAL FUNDS 324,461 1301,976) 22,485 Page 17 condnued.,.
rin boar(I Chi enham Notss to the Financial Siatemgntg - continued fortha Yèar Ended 31 March 2024 18. MOVEMENT IN FUNDS - ¢ontlnuod res ricted fund descrf tlons Operatlng r688rve- This designated fund is as detailed in the Réport of Tru8tÈas Xgrox - Funding designated lowards costs of rentall leasing agreement for two printersl Copiers Outdoor Play Ar8a- Funds to transform the outdoor play area Tol•phon& system - Fundlng designated towards CO8ts of rentav leasing agreement for the telephone systsm Mark Pearson - Funds designated toward staff salarlès for Saturdads Fixed Asset Fund- This equatss lo the net book value of fixod assets held by the charity Restricted fund descri Chlppenham Tcmn Councll - Funding towaids salaries Nationwldo- Funding towards tralning Chlldren In Need - Funding towards staff s31ari88 Chippenham Borough Lands- Funding re(*ived tDwards playdatss and provision for Ihe under 2,5 Wlltshire Community Foundatlon - Funding towards taam devaloprnent Early Year8 Pupll Premium IEYPPI - Additional funding to raise the attainment of disadvantsged pupils Chlpponham Lions - Funding towards the Play area project and lurniture Calna Llon8 - Funding towards shelving purchased Dlsablllty Acca88 Fund - is an annual payment for eligibl6 3 & 4 year olds whorn are in receipt of th8 Disability Livtng Allowanc8 IDLA) Masonlc Charltsblo Tru8t - Funding towards Playroom staff to deliver Picture Commundation Exchang8 syst8ms Welnstock- Funding $21arie8 for Playroom staff to delivery Allention Autism IAA) Ashendeno - Funding towards salari8s and 8UPPOrt installation of a door entry systsm and the outdoor play area Edward Gostllng - Funding for playroom salaries for 12.5 hours per week to deliver Altention Autism project Wlltshlre Councll PPE - Fundlng for hygienelPPE supplies Royal Wooton 8a8Sgt TC - Funding towards staff salaries Groundwork8- Funding for children's portable sinks, volunteer equipment and prowding virtual sèssions Chlppanham Borough Lands . Funding towards purchasing a gazebo Chlppanham Ar•a Board - Fundlng towards purchasing pergola Julla Hans Rauslng Trust- Funds for salariès for Playr¢K>m staff to support Rabbits and the outdoor play area Garfield Woston- Funds for salaries Playroom Snack8 - Funding for children's snacks It8hire Council- Funds for training Communlty Fund- Funding for staff salaries for Playroom staff to dellver Makaton Page 18 continued.
board Chl nham stoth inancial Stat ments- con for th¢ Year Endod 31 March 2024 inued 18. MOVEMENT IN FUNDS- continu9d Amold Clark- Funding for 8 laptop Soverelgn Houslng - Fundlng for the outdoor play area Holman - Funding for staff salarf@s The Opènwork Foundatlon - Fundlng for staff salar165 Translers between fund$ Transfers totslling £1,000 and £428 were made from restrictsd and general unrestrioted funds respectlv8ty to th8 dsslgnated flxed asset fund to rèfiect fixéd assets purchas uslng th8s8 funds. In the prior y6ar transf6r3 totalling £704 and £329 wèrè also mad8 frtsm r8Strlct&d, designat8d and genéral unrestrioted funds r68P@ctiv8ly lo th@ d68ignat@d fix@d asset fund to refl6ct fix8d ass8t8 purchased using thes@ funds. Transfers of £3,501 and £15,538 between the general and designated funds were made in the current year to adjust the Xerox and Telephone System funds respectively to reflect the remaining lease commltmènts on these funds. In the prior year transfers belwe8n the gen6ral and designated funds were m8d8 to to adjust the Xerox and Telephone System funds lo reflect the remaining lease commilments on these funds. 19. RELATED PARTY DI8CL08URES There were no re18ted party transa¢lions for the year ended 31 March 2023 or 31 March 2024. Pagg 19
board Chi enham Detailed Statsment of Finan¢ial vities forthe Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacles Donations Gift aid Donatsd services and facilities 27,653 8,237 17,250 19,502 2,620 17,250 53,140 39.372 other trading activiti88 Fundraising events 23,926 13,366 Invostment income Deposil account intere8t 2,908 144 Charltable activities Contractual payments Grants 75,442 182.321 75.442 196,137 257,763 271.579 Total in¢oming resources 337.737 324,451 EXPENDITURE Other trading activities Fundraising and publirity 2,573 2,028 Charitable a¢ti¥itie8 Wages Social security Pensions Advertising other staff ¢osts Playroom Library Administration & oftice costs Maintenance Services & ulllitles Transport Annual Monthly Volunteer expen8e8 Flant Miscellaneous Depreciation of plant & machinery Depreciation of fixtures & ffttings Depreciatlon of computer equipment 230,100 8,811 15,236 39 3,784 1,234 60 6.169 978 22,895 220 2,596 6,821 15 21,581 1,071 5,412 91 2,737 211,543 9.215 13,395 72 2,327 759 6D 6,004 2,122 10,424 382 3,100 2,806 48 24,469 510 7.051 2,843 328,650 297,130 Support ¢o$ts Governance costs Accountancy fèes 3,219 2,818 Total r8sour¢g$ expended 334,442 301,g76 Not Incom8 3.295 22,485 This pagé doas not form part of the statutory financial statsmenls Page 20