FORTIS GREEN KIDS CLUB REGISTERED CHARITY NO. 1023826
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
MOORE GREEN CHARTERED ACCOUNTANTS SUDBURY SUFFOLK
FORTIS GREEN KIDS CLUB CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees’ Report | 2-4 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-11 |
1
FORTIS GREEN KIDS CLUB CHARITY INFORMATION
Trustees: Nicholas Damien Templeman (resigned 13/7/2024) Tricia Dixon (resigned 15/09/2023) Lucia Moni Patricija Gavele (appointed 24/4/2023) Elisa Foppa Arianna Colosio - Chair from 8/11/24 Anne Marie Therese Comer (appointed 18/4/2023) Correspondence Address: Muswell Hill Baptist Church Dukes Avenue London N10 2PT Independent Examiner Nicholas Farr Moore Green 22 Friars Street Sudbury CO10 2AA Bankers HSBC plc 16 Station Parade Cockfosters Hertfordshire E4 0DN Charity number 1023826
2
FORTIS GREEN KIDS CLUB YEAR ENDED 31 MARCH 2024
TRUSTEES REPORT
The Trustees present their report with the accounts of Fortis Green Kids Clubs for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
Statement of Trustees Responsibilities
The charity Trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that that period. In preparing the financial statements, the Trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgments and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any
-
material departures disclosed and explained in the financial statements, and whether the financial statements have been prepared in accordance with the Statement of Recommended Practice, Accounting by Charities, issued by the Charity Commission; and
-
prepare the financial statements on the going concern basis unless it is appropriate to
-
presume that the Charity will not continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
3
FORTIS GREEN KIDS CLUB YEAR ENDED 31 MARCH 2024 TRUSTEES REPORT (CONTINUED)
Trustees
The Trustees in office during the year were as follows: Nicholas Damien Templeman (resigned 13/7/2024) Tricia Dixon (resigned 15/09/2023) Lucia Moni Patricija Gavele (appointed 24/4/2023) Elisa Foppa Arianna Colosio - Chair from 8/11/24 Anne Marie Therese Comer (appointed 18/4/2023)
Appointment of Trustees is governed by the constitution. The Trustees are authorised to appoint new trustees to fill vacancies through resignation or death of an existing trustee.
Objectives and Aims
The objective of the Club is to provide good quality facilities and a stimulating environment for the daily care, recreation, and education during out of school hours for children aged 4 to 11 in the Muswell Hill area. It operates an after-school club, together with play schemes during half-term holidays, Easter holidays and summer holidays.
The Club offers workshops, arts and craft activities, language classes and fitness activities.
The Club's activities have contributed to the public benefit in accordance with the Charity Commission's guidance in several areas, i.e. supporting 25 to 30 families by offering low cost access to care for their children from a wide range of backgrounds and communities, by continuing the employment of more than ten people (one full-time) and by supporting the development of younger adults envisaging careers in the childcare industry.
The Club has a legal and moral duty to protect its staff and membership from discrimination. The Club practices an equal opportunities policy in which each individual, including children, parents and staff, has the right to be valued and treated with respect. We do not negatively discriminate on the basis of age, colour, gender, race, ethnic origin, nationality, culture, disability, religious or political opinion, marital status, sexuality, responsibility for dependants, physical appearance, HIV status or unrelated criminal conviction. It is expected that everybody involved with the Club understands and adheres to the above statement. Discriminatory behaviour and remarks are unacceptable in the Club and the Club will support anyone wishing to challenge any discriminatory or oppressive behaviour or comments.
4
Developments, Activities and Achievements
The Club is thankful to key staff and parents for the ongoing valuable support that has remained constant. The club has maintained good relationships with its core stakeholders. During the year under review the club has maintained high standards of service amid challenging staff recruitment and economic conditions.
The Club achieved its objectives without the need for outside funding or voluntary fundraising activities and continues to thrive. The Club only holds unrestricted reserves and in such a way to be able to meet both its normal needs and any contingencies sufficiently and as they arise.
The main financial and other risks to the Club are challenges in recruitment to replace key roles and the loss of volunteers (many of them with children attending) whose encouragement and contribution in time and expertise has been exceptional.
For and on behalf of the Trustees
……………………………………………………… Ms A Colosio Chair
FORTIS GREEN KIDS CLUB YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FORTIS GREEN KIDS CLUB I report to the club's Trustees on my examination of the accounts of the Club forthe year ended 31 March 2024 which are set out on pages 6 to 11. Responsibilities and basis of report As the Club's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the chariws accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ib) of the Art. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records 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. Nicholas Farr FCA Moore Green Chartered Accountants & Registered Auditors 22 Friars Street Sudbury Suffolk COIO 2AA Date......20J.1.1.12024.............
6
FORTIS GREEN KIDS CLUB STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024
| Notes INCOMING RESOURCES Fees 2 Grants and other donations RESOURCES EXPENDED Direct Charitable 3 Expenditure Indirect Expenditure: Salaries and 4 support costs Administration 4 Expenses TOTAL RESOURCES EXPENDED NET (OUTGOING)/INCOMING RESOURCES Other Gains and Losses: NET MOVEMENT IN FUNDS AS AT 1 April 2023 AS AT 31 MARCH 2024 8 Notes |
Unrestricted Restricted £ £ 82,225 - - - 7,623 - 59,641 13,798 - 81,062 - 1,163 0 0 0 1,163 0 20,323 0 21,486 0 2024 |
Total £ 82,225 - 7,623 59,641 13,798 81,062 1,163 0 1,163 20,323 21,486 |
2023 Total £ 83,598 - 5,674 56,634 9,342 71,650 11,948 0 11,948 8,375 20,323 |
||
|---|---|---|---|---|---|
- Incoming/outgoing resources and movements in reserves arise from continuing operations.
7
FORTIS GREEN KIDS CLUB BALANCE SHEET
YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | Unrestricted Restricted Total |
Total | |
| FIXED ASSETS | £ £ £ |
£ | |
| Tangible Assets | 6 | 1,769 - 1,769 |
2,653 |
| CURRENT ASSETS | |||
| Cash at Bank | 21,579 - 21,579 |
22,383 | |
| Prepayments | 728 - 728 |
697 | |
| Petty Cash | - - |
200 | |
| CREDITORS: AMOUNTS FALLING | |||
| DUE WITHIN ONE YEAR | 7 | (2,183) - (2,183) |
(5,610) |
| NET ASSETS | 9 | 21,486 - 21,486 |
20,323 |
| FUNDS | |||
| Unrestricted Income Fund | 8 | 21,486 - 21,486 |
20,323 |
| Restricted Fund | 8 | - - - |
- |
| 21,486 0 21,486 |
20,323 |
These financial statements were approved by the Trustees on
……………………………………………………… Ms A Colosio Chair
8
FORTIS GREEN KIDS CLUB YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Fortis Green Kids Club meets the definition of a public liability entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Fees and grant income
Grants are provided by relevant entities within the Charities auspice and are specific to the charity activities covering either ongoing revenue or capital development. Fees are raised to supplement this. The income is recorded on a received basis as it is not committed to the charity until such time as it is received by the charity.
Expenditure
Expenditure is recorded as it is incurred. In respect of Trustees expenses and reimbursements of these must be approved by the Trustees as a whole and relate solely to the charity’s activities.
Accumulated Funds
The Unrestricted Fund represents accumulated annual surplus of income. There are no restricted funds or endowment funds.
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Website - Equipment, Fixture and Fittings -
25% Straight Line 25% Straight Line
9
FORTIS GREEN KIDS CLUB NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024
| 2 GRANTS AND DONATIONS Fees Grants received 3 CHARITABLE EXPENDITURE Food Materials and resources Activities Travel and Other 4 ADMINISTRATION EXPENSES Unrestricted Staff Rent Training Insurance Advertising Travel Bank Charges Accountancy Bookkeeping Telephone Legal & Professional Fees Subscriptions Printing & Stationery Repairs and Maintenance Website & Internet Costs Software Depreciation |
2024 £ 82,225 82,225 2024 £ 3,701 1,837 1,964 121 7,623 2024 £ 52,796 6,845 522 698 1,572 232 65 3,130 - 947 3,120 233 152 - - 2,243 884 73,439 |
2023 £ 83,598 83,598 2023 £ 2,643 1,410 1,531 90 5,674 2023 £ 49,509 7,125 76 389 1,446 33 62 240 1,524 827 1,533 116 72 19 1,418 703 884 65,976 |
||
|---|---|---|---|---|
5 TRUSTEES
No Trustees received any remuneration, nor had any expenses reimbursed to them. There were an average of 3 Employed staff throughout the year.
See related party note 10.
FORTIS GREEN KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 MARCH 2024
10
6 TANGIBLE FIXED ASSETS
----- Start of picture text -----
Website Equipment
Fixtures & fittings Total
Cost or valuation:
At 01/04/2023 1,068 2,469 3,537
Additions 0 0 0
Disposals 0 0 0
At 31/03/2024 1,068 2,469 3,537
Depreciation:
At 01/04/2023 267 617 884
Charge for the year 267 617 884
At 31/03/2024 534 1,234 1,768
Net book value:
At 01/04/2023 801 1,852 2,653
At 31/03/2024 534 1,235 1,769
----- End of picture text -----
7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Payroll Liabilities RECONCILIATION OF FUNDS 1 April 2023 Net (Outgoing)/Incoming Resources (Page 6) 31 March 2024 |
Unrestricted Fund £ 20,323 1,163 21,486 |
2024 £ 1,600 583 2,183 Restricted Fund £ - - - |
2023 £ 1,500 4,110 5,610 2024 Total £ 20,323 1,163 21,486 |
2023 £ 8,375 11,948 20,323 |
|||
|---|---|---|---|---|---|---|---|
8 RECONCILIATION OF FUNDS
11
FORTIS GREEN KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 MARCH 2024
9 ANALYSIS OF NET ASSETS BETWEEN FUNDS
31 March 2024
| Restricted Income Funds: Unrestricted Income Funds: TOTAL FUNDS 31 March 2023 Restricted Income Funds: Unrestricted Income Funds: TOTAL FUNDS |
Fixed Assets £ 0 1,769 1,769 Fixed Assets £ 0 2,653 2,653 |
Investments £ 0 0 0 Investments £ 0 0 0 |
Net current assets £ 0 21,486 21,486 Net current assets £ 0 17,670 17,670 |
Total £ 0 23,255 23,255 Total £ 0 20,323 20,323 |
|---|---|---|---|---|
10 RELATED PARTY TRANSACTIONS
Information about related party transactions and outstanding balances is outlined below:
There were no transactions regarding the related parties in the year. No expenses were reimbursed.