Period start date Period end date 01 09 2023 31 08 2024 **To**
**From**
## **Trustees' Annual Report for the period**
## Section A Reference and administration details ~~eee~~
**Charity name** Mere Green 0-5
**Other names charity is known by**
**Registered charity number (if any)** 1019905 ~~|~~ **Charity's principal address** Mere Green Library & Community Centre 30A Mere Green Road Sutton Coldfield **Postcode B75 5BT**
## **Names of the charity trustees who manage the charity**
**Dates acted if not for whole**
**Name of person (or body) entitled to appoint trustee (if any)** Family members of Mere Green 0-5 (parents/carers who attend Mere Green 0-5 Pre-School and/or Mere Green 0-5 Stay & Play group) elect the Management Committee members (trustees).at the AGM by majority vote.
|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appointintt trusteerusteeustee (if any)if any)any)ny)y)**|
|---|---|---|---|
|1 Duncan Gore
~~ee~~|Chair
~~ee~~
~~e~~~~**e**~~|~~ee~~
~~ee~~|Family members of Mere
Green 0-5 (parents/carers
who attend Mere Green 0-5
Pre-School and/or Mere
Green 0-5 Stay & Play group)
elect the Management
Committee members
(trustees).at the AGM by
majority vote.
Up to 3 further co-opted
committee members can be
join the management
committee part way through
the year. They are accepted
onto the committee by a
committee member vote at a
regular committee meeting.|
|Melanie
Panayiotou
~~ee~~|~~ee~~
~~e~~~~**e**~~|~~ee~~
~~ee~~||
|3 VickyMoran
~~e~~|Secretary
~~e~~~~**e**~~
~~e~~|~~ee~~||
|4 Laura Vaakanainen Treasurer
~~ee~~|4 Laura Vaakanainen Treasurer
~~ee~~|1/9/23 – 21/6/24
~~ee~~||
|5 Carol Hartland
~~ee~~|Treasurer
~~ee~~|21/6/24 to date
~~ee~~||
|6
~~ee~~|~~ee~~|~~ee~~||
|7
~~ee~~|~~ee~~|~~ee~~||
|8
~~ee~~|~~ee~~|~~ee~~||
|~~a~~||||
|10
~~ee~~|~~ee~~|~~ee~~||
|11
~~ee~~|~~ee~~|~~ee~~||
|12
~~ee~~|~~ee~~|~~ee~~||
|13
~~a~~||||
|14
~~ee~~|~~ee~~|~~ee~~||
|15
~~a~~||||
|16
~~ee~~|~~ee~~|~~ee~~||
|17
~~ee~~|~~ee~~|~~ee~~||
|18
~~ee~~|~~ee~~|~~ee~~||
|19
~~ee~~|~~ee~~|~~ee~~||
|20
~~ee~~|~~ee~~|~~ee~~||
Up to 3 further co-opted committee members can be join the management committee part way through the year. They are accepted onto the committee by a committee member vote at a regular committee meeting.
**TAR**
1
Nov 2021
## **Names and addresses of advisers (Optional information)**
**Type of adviser Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
Melanie Panayiotou (Pre-School Manager)
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Type of governing document
- (eg. trust deed, constitution)
> [Constitution dated August 2016 ]
How the charity is constituted
- (eg. trust, association, company)
> [Association ]
Trustee selection methods Trustees elected by members vote at AGM or up to 3 co-opted members (eg. appointed by, elected by) voted in by current trustees.
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
We follow the Pre-School Learning Alliance Constitution and tend to follow their policies and procedures for recruitment and training
The pre-school is managed by the management committee which is made up of parents and carers of children who use or have used the charities services, who volunteer to this role. The management committee employ paid qualified staff to run the pre-school and stay & play group.
We are registered with OFSTED and are regularly inspected. We were rated good at our last inspection in Oct 2019.
Systems, policies and procedures are reviewed and updated as required.
Risk assessments are carried out for all eventualities. Decisions and policies are made and cascaded to all staff and parents/carers.
## **Section C Objectives and activities**
**Summary of the objects of the charity set out in its governing document**
The aim of Mere Green 0-5 is to enhance the development and education of pre-school age children, by providing a safe environment in which to learn and play.
**TAR**
2
Nov 2021
Mere Green 0-5 runs a preschool playgroup open to children from the age of 2 to 5. This operates Monday and Tuesday mornings, and all day Wednesday to Friday.
We also run a Stay & Play group with sessions open to children from 0-3 and their parents/carers.
Mere Green 0-5 promotes early education in line with the Early Years Foundation Stage profile and has been rated as good by OFSTED.
**Summary of the main** In setting our objectives and planning our activities our trustees have **activities undertaken for the** given careful consideration to the charity commissions general guidance **public benefit in relation to** on public benefit. **these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
## **Additional details of objectives and activities (Optional information)**
We are successfully operating with an elected committee of volunteer members.
Government Early Education Entitlement Funding enables us to employ staff who work closely with the committee to provide an OFSTED good rated community pre-school.
You **may choose** to include further statements, where relevant, about:
Staff provide a safe stimulating environment for all children and adults. The staff continually evaluate and grow to ensure the setting provides the very best care for the children, their families and the community.
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
**TAR**
3
Nov 2021
Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
Fundraising events during the year raised: £136
Our preschool is very popular. We are proud of the wide range of play and learning activities provided at our preschool. We plan activities based upon the Early Years Foundation Stage Profile and the individual needs and interests of our children. We operate from a room within a community centre. As we don't have exclusive use of the room, we need to reinvent the space every day, which gives us an excellent opportunity to vary the activities we offer. We are fortunate to have a fantastic outdoor play area, provided from fundraising activity in past years. Our children have a wide range of activities they can undertake outside.
Behaviour at our sessions is generally excellent, which is testament to the structure of the sessions and our excellent staff. Our view, and that of their parents, is that when the children leave 0-5 to start school they are school ready, thanks to their experiences at Mere Green 0-5.
There have been no serious incidents to report during this period.
**TAR**
Nov 2021
4
## **Section E Financial review**
We endeavour to maintain a reserve fund (cash funds) of 3 – 6 months **Brief statement of the** average operating costs to protect Mere Green 0-5 against unforeseen **charity’s policy on reserves** expenses; fluctuations in demand for places; changes in government policy on early years funding and future projects. This also covers the costs that would be incurred should we cease to operate. At the end of this period our reserve account held funds of £30100. These funds are held in a separate reserve account.
**Details of any funds materially in deficit**
N/A
## **Further financial review details (Optional information)**
You **may choose** to include Our main source of funding is fees and charges for our services. This is additional information, where supplemented by fundraising activity led by the management committee. relevant about:
- the charity’s principal sources of funds (including any fundraising);
Our main expenditure is staff costs and rent.
- Our income for the year was £126819 which makes us eligible for
- • how expenditure has independent examination. This has been undertaken by Kathy 0 Donnell (BA HONS) FCCA MAAT DIFR and her report is attached below.
- supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
## **Signed on behalf of the charity’s trustees**
## **Signature(s)**
**Full name(s)** Duncan Gore **Position (eg Secretary, Chair,** Chair **etc)**
Carol Hartland Treasurer
**TAR**
Nov 2021
5
Registered number 1019905
MERE GREEN 0-5 REGISTERED CHARITY NO 1019905
Report and Accounts
31 August 2024
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Report and accounts Contents**
||**Page**|
|---|---|
|Centre information|1|
|Treasurers' report|2|
|Accountants' report|3|
|Profit and loss account|4|
|Balance sheet|5|
|Notes to the accounts|7|
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Company Information**
## **Accountants**
KATHY O DONNELL FCCA MAAT 35 HILL LANE BASSETTS POLE SUTTON COLDFIELD W MIDLANDS B75 6LE
1019905 **Registered Office**
Mere Green Community Centre Mere Green Road
West Midlands
**Treasurer** Laura Vaakanainen
1
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Registered number: 1019905 Treasurers' Report**
I approve these account which comprise of the Profit and Loss Account , Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1, and for providing all the information and explanations necessary for their compiliation,
CAROL HARTLAND TREASURER
2
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Accountants' Report**
## **Accountants' report to the directors of MERE GREEN 0-5 REGISTERED CHARITY NO 1019905**
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
KATHY O DONNELL FCCA MAAT Chartered Certified Accountants
35 HILL LANE BASSETTS POLE SUTTON COLDFIELD W MIDLANDS B75 6LE
31 May 2025
3
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Profit and Loss Account for the year ended 31 August 2024**
|**Turnover**
Toddlers Income
Pre School Income
Stay & Play
Fund raising -Photos
Fund raising -Easy Fund
Fund raising -Donations
Fund raising -All my own
Sundry Income
Income - Fruit
-
**Net Income**
Interest Recd Gross
**Gross Income**
**Expenses**
Accounts charge
Admin expenses
Bank Charges
Cleaning expenses
Consumables- Equipment
Consummables
Consummables - Fruit
Consummables- It Software
Consummables- session activiities
Consummables- session activiities
CRB checks
Depreciation
Fund raising - Other
Fund raising -All my Own work
Fund raising -Toddlers
Fund raising -Uniforms
Insurance
Ofstead registration
Printing Postage & stationery
Refresthments-stay & play
Rent Pre School
Rent Stay and Play
Reparis and Maintenance
Sundries
Telephone & Internet
Toddlers expenses
Training
Wages Pre School
Wages Toddlers
-
Total Expenses
**Profit (loss) for period**|**2024**
-
122,118
1,591
-
44
92
-
-
2,974
-
126,819
-
126,819
460
2,223
105
264
2,099
130
1,003
1,027
-
693
495
717
-
-
-
-
1,072
50
552
165
10,338
722
14
-
220
-
522
100,952
-
-
123,823
2,996|**2023**
-
103,316
2,157
130
45
4
146
52
1,201
-|
|---|---|---|
|||107,051
-|
|||107,051|
|||460
208
92
155
3,274
727
371
819
-
689
146
1,550
-
105
-
-
1,024
50
613
122
7,965
1,074
135
-
60
-
599
84,895
-
-
105,133|
|||1,918|
4
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Registered number:** 1019905 **Balance Sheet as at 31 August 2024**
||**Notes**||**2024**||**2023**|
|---|---|---|---|---|---|
||||**1**|||
|**Fixed assets**||||||
|Tangible assets|2||4,664||1,723|
|Investments|||-|||
||||4,664||1,723|
|**Current assets**||||||
|Stocks||-||-||
|Debtors|3|1,309||761||
|Cash at bank and in hand||55,146||58,176||
|||56,455||58,937||
|**Creditors: amounts falling due**||||||
|**within one year**|4|(1,840)||(3,665)||
|**Net Current Assets**|||54,615||55,272|
|**Total assets less current**||||||
|**liabilities**|||59,279||56,995|
|**Creditors: amounts falling due**||||||
|**after more than one year**|||-||-|
|**Provisions for liabilities**|||-||-|
|**Net Current Liabilites**|||59,279||56,995|
|**Capital and reserves**||||||
|Called up share capital|||-||-|
|Share premium|||-||-|
|Revaluation reserve|||-||-|
|Profit and loss account|||59,279||56,995|
|**Capital Account**|||59,279||56,995|
The committee are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The committee acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
CAROL HARTLAND Treasurer Approved by the board on 31 May 2025
5
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing value
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
7
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
|**0**
**Employees**
Average number of persons employed by the company
**2**
**Tangible fixed assets**
**Cost**
At 1 September 2023
Additions
Disposals
At 31 August 2024
**Amortisation**
At 1 September 2023
Provided during the year
On disposals
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023
**3**
**Debtors**
Trade debtors
Deferred tax asset
Other debtors
Amounts due after more than one year included above
**4**
**Creditors: amounts falling due within one year**
Trade creditors
Obligations under finance lease and hire purchase contracts
Trade creditors
Corporation tax
Other taxes and social security costs
Other creditors
Amounts owed by group undertakings and undertakings in
which the company has a participating interest|**2024**
**Number**
15
24,189
3,658
-
27,847
22,466
717
-
23,183
4,664
1,723
**2024**
**-**
786
-
-
523
1,309
-
**2024**
**-**
1,547
-
65
-
228
-
1,840|**2023**
**Number**
11
32,179
(7,990)
-|
|---|---|---|
|||24,189|
|||29,416
1,552
(8,503)|
|||22,466|
||||
|||1,723|
|||**2023**
**-**
86
-
-
675
761
-
**2023**
**-**
1,160
-
2,096
-
409
-
3,665|
**5 Additional Information** Note re increase in rent expenses 22-23 This reflects a 20% per year rise for 5 years charged by the centre and £755.52 paid in 22-23 which related to an outstanding Invoice for year 21-22 not previously provided for .
MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Mere Green Community Centre Mere Green Road
West Midlands
8
Registered number 1019905
MERE GREEN 0-5 REGISTERED CHARITY NO 1019905
Report and Accounts
31 August 2024
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Report and accounts Contents**
||**Page**|
|---|---|
|Centre information|1|
|Treasurers' report|2|
|Accountants' report|3|
|Profit and loss account|4|
|Balance sheet|5|
|Notes to the accounts|7|
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Company Information**
## **Accountants**
KATHY O DONNELL FCCA MAAT 35 HILL LANE BASSETTS POLE SUTTON COLDFIELD W MIDLANDS B75 6LE
1019905 **Registered Office**
Mere Green Community Centre Mere Green Road
West Midlands
**Treasurer** Laura Vaakanainen
1
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Registered number: 1019905 Treasurers' Report**
I approve these account which comprise of the Profit and Loss Account , Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1, and for providing all the information and explanations necessary for their compiliation,
CAROL HARTLAND TREASURER
2
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Accountants' Report**
## **Accountants' report to the directors of MERE GREEN 0-5 REGISTERED CHARITY NO 1019905**
You consider that the company is exempt from an audit for the year ended 31 August 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
KATHY O DONNELL FCCA MAAT Chartered Certified Accountants
35 HILL LANE BASSETTS POLE SUTTON COLDFIELD W MIDLANDS B75 6LE
31 May 2025
3
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Profit and Loss Account for the year ended 31 August 2024**
|**Turnover**
Toddlers Income
Pre School Income
Stay & Play
Fund raising -Photos
Fund raising -Easy Fund
Fund raising -Donations
Fund raising -All my own
Sundry Income
Income - Fruit
-
**Net Income**
Interest Recd Gross
**Gross Income**
**Expenses**
Accounts charge
Admin expenses
Bank Charges
Cleaning expenses
Consumables- Equipment
Consummables
Consummables - Fruit
Consummables- It Software
Consummables- session activiities
Consummables- session activiities
CRB checks
Depreciation
Fund raising - Other
Fund raising -All my Own work
Fund raising -Toddlers
Fund raising -Uniforms
Insurance
Ofstead registration
Printing Postage & stationery
Refresthments-stay & play
Rent Pre School
Rent Stay and Play
Reparis and Maintenance
Sundries
Telephone & Internet
Toddlers expenses
Training
Wages Pre School
Wages Toddlers
-
Total Expenses
**Profit (loss) for period**|**2024**
-
122,118
1,591
-
44
92
-
-
2,974
-
126,819
-
126,819
460
2,223
105
264
2,099
130
1,003
1,027
-
693
495
717
-
-
-
-
1,072
50
552
165
10,338
722
14
-
220
-
522
100,952
-
-
123,823
2,996|**2023**
-
103,316
2,157
130
45
4
146
52
1,201
-|
|---|---|---|
|||107,051
-|
|||107,051|
|||460
208
92
155
3,274
727
371
819
-
689
146
1,550
-
105
-
-
1,024
50
613
122
7,965
1,074
135
-
60
-
599
84,895
-
-
105,133|
|||1,918|
4
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Registered number:** 1019905 **Balance Sheet as at 31 August 2024**
||**Notes**||**2024**||**2023**|
|---|---|---|---|---|---|
||||**1**|||
|**Fixed assets**||||||
|Tangible assets|2||4,664||1,723|
|Investments|||-|||
||||4,664||1,723|
|**Current assets**||||||
|Stocks||-||-||
|Debtors|3|1,309||761||
|Cash at bank and in hand||55,146||58,176||
|||56,455||58,937||
|**Creditors: amounts falling due**||||||
|**within one year**|4|(1,840)||(3,665)||
|**Net Current Assets**|||54,615||55,272|
|**Total assets less current**||||||
|**liabilities**|||59,279||56,995|
|**Creditors: amounts falling due**||||||
|**after more than one year**|||-||-|
|**Provisions for liabilities**|||-||-|
|**Net Current Liabilites**|||59,279||56,995|
|**Capital and reserves**||||||
|Called up share capital|||-||-|
|Share premium|||-||-|
|Revaluation reserve|||-||-|
|Profit and loss account|||59,279||56,995|
|**Capital Account**|||59,279||56,995|
The committee are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The committee acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
CAROL HARTLAND Treasurer Approved by the board on 31 May 2025
5
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing value
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6
## **MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
7
**MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Notes to the Accounts for the year ended 31 August 2024**
|**0**
**Employees**
Average number of persons employed by the company
**2**
**Tangible fixed assets**
**Cost**
At 1 September 2023
Additions
Disposals
At 31 August 2024
**Amortisation**
At 1 September 2023
Provided during the year
On disposals
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023
**3**
**Debtors**
Trade debtors
Deferred tax asset
Other debtors
Amounts due after more than one year included above
**4**
**Creditors: amounts falling due within one year**
Trade creditors
Obligations under finance lease and hire purchase contracts
Trade creditors
Corporation tax
Other taxes and social security costs
Other creditors
Amounts owed by group undertakings and undertakings in
which the company has a participating interest|**2024**
**Number**
15
24,189
3,658
-
27,847
22,466
717
-
23,183
4,664
1,723
**2024**
**-**
786
-
-
523
1,309
-
**2024**
**-**
1,547
-
65
-
228
-
1,840|**2023**
**Number**
11
32,179
(7,990)
-|
|---|---|---|
|||24,189|
|||29,416
1,552
(8,503)|
|||22,466|
||||
|||1,723|
|||**2023**
**-**
86
-
-
675
761
-
**2023**
**-**
1,160
-
2,096
-
409
-
3,665|
**5 Additional Information** Note re increase in rent expenses 22-23 This reflects a 20% per year rise for 5 years charged by the centre and £755.52 paid in 22-23 which related to an outstanding Invoice for year 21-22 not previously provided for .
MERE GREEN 0-5 REGISTERED CHARITY NO 1019905 Mere Green Community Centre Mere Green Road
West Midlands
8