Financial Accounts of Norland Fun Club for year ended 31 May 2023
Registered Charity 1026429
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Registered Charity 1026429
Norland Fun Club
Annual Report and Financial Statements
for the year ended 31 May 2023
| Contents | Page |
|---|---|
| Trustees' Report | 3-4 |
| Examiner's Report | 5 |
| Income and Expenditure Account | 6 |
| Balance Sheet | 7 |
| I & E Detailed | 8 |
| Notes to the Accounts | 9-11 |
Prepared by Julie Talbot CPFA
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Norland Fun Club
Registered Charity 1026429 Trustees' Report for the year ended 31 May 2023
Norland Fun Club Berrymoor Road Norland Sowerby Bridge HX6 3RN
Officers/Trustees
Chair Alyce Holt - Appointed November 2020 Treasurer Sofia Davies - Appointed September 2021 Secretary Jessica Daniel - Appointed September 2016 Resigned September 2022 Secretary Felicity Goldthorpe - Appointed September 2022 General Helen Woodcock - Appointed November 2020 General Alison Whitaker - Appointed April 2022
Method of recruitment and appointment of Trustees: The Trustees of the Charity are appointed by the members at the AGM.
Aims and Objectives
Our primary goal is to ensure that we provide the highest quality childcare that is both accessible and affordable. Our setting will differentiate itself by a passionate attention to detail in everything we do underpinned by our quality programme.
Children will be safe, loved and stimulated in an efficient, well maintained and above all homely environment. We will promote a healthy understanding and respect for natural values in all aspects of the setting. Above all, we want children to leave our setting with the confidence and skills to help them meet the challenges that lie ahead in the school system and beyond. We passionately believe this to be a joint effort between the setting and parents and to that end we will promote the right environment for that partnership to succeed.
Ultimately, we wish to be a leading exponent of day setting best practices and to achieve this through consideration of the needs of the child, the family, our staff, the community and the environment. The strategy we have adopted to achieve our mission is:
Continuous improvements
To enhance our quality of provision through continuous improvements in:
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Communication and participation.
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Our policies and procedures.
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Management and staff training.
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The quality of our equipment and materials.
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Investing in the building and its fixtures and fittings.
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To manage the balance between business needs and people’s needs.
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To effectively implement childcare strategies and government legislation.
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To maintain setting development plans.
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Norland Fun Club Registered Charity 1026429 Trustees' Report for the year ended 31 May 2023 (cont)
Values
The values we have adopted to achieve our mission are that we will always strive to:
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Behave ethically.
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Ensure that children and their families are our paramount concern.
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Create a stimulating and comfortable working environment.
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Act with integrity and trust.
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Take pride in everything we do.
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Always strive to improve what we do.
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Value the contributions of employees.
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Encourage and reward the highest standards.
Our overall business aims and targets.
In order for the setting to develop, we need a clear vision of where we want to be and to have sight of the key aims and targets that need to be understood by everyone involved in the setting operations:
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To achieve a sustainable level of financial stability.
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To achieve an ‘outstanding’ rating from Ofsted.
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To maintain an occupancy level of above 90%.
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To attract high quality, motivated, loyal staff.
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To maintain a good working relationship with the local authority, local early years groups and local
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schools.
Reserves Policy
NFC has a reserve policy as follows: -
£5,000 to demolish building and return to a field, as per quotations obtained in April 2012.
£20,000 to maintain the running of NFC for 8 weeks in exceptional circumstances if there was no income. Our Aim is to increase these funds to extend this to 12 weeks running costs plus demolition costs steadily over the next 2 years. Subject to increasing running costs, we anticipate circa £32,000.00 These funds have been put in a bank account with Lloyds Bank.
This policy is in line with guidance from the charities commission and the pre-school learning alliance. The reserves policy will be reviewed annually.
Going Concern
The Trustees are satisfied that the Charity remains a 'Going 'Concern'.
General Notes
We continue to monitor, adapt and most importantly, provide a safe and nurturing setting to our families.
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Norland Fun Club Registered Charity 1026429 Independent Examiner’s report to the Trustees of Norland Fun Club
I report on the accounts of the charity for the year ended 31 May 2023, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011
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Act); and
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state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have
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not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: ……………………………………… Name: Julie Talbot
Relevant professional qualification or body: CIPFA
Date: 12 February 2024
Julie Talbot BA (Hons) CPFA (Retired)
1 Wood Nook Norland Sowerby Bridge West Yorkshire HX6 3RZ
I have not received any remuneration for undertaking this IE.
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Norland Fun Club Income and Expenditure Statement 1 June 2022 - 31 May 2023
| Unrestricted | Unrestricted | Restricted | Total |
Total |
|---|---|---|---|---|
| Funds | Funds | **31/05/2023 ** | 31/05/2022 | |
| Income | £ | £ | £ | £ |
| Grants and Donations | 0 | 4,463 | 4,463 | 0 |
| Income from Investments | 90 | 0 | 90 | 2 |
| Operating activities to further the Charity's objective | 54,060 | 76,479 | 130,539 | 134,592 |
| Other income - Fundraising | 2,198 | 960 | 3,158 | 2,105 |
| Total Income | 56,348 | 81,902 | 138,250 | 136,699 |
| Expenditure | £ | £ | £ | £ |
| Payments for generating funds (Fundraising costs) | 0 | 0 | 0 | 0 |
| Charitable activities | 75,804 | 74,289 | 150,093 | 150,721 |
| Total Expenditure | 75,804 | 74,289 | 150,093 | 150,721 |
| Net | -19,456 | 7,613 | -11,843 | -14,022 |
| Balance B/F | 48,647 | 13,509 | 62,156 | 76,178 |
| Balance C/F | 29,191 | 21,122 | 50,313 | 62,156 |
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| Norland Fun Club Notes to the Accounts Detailed Income and Expenditure Statement 1 June 2021- 31 May 2023 Income 2022/23 2021/22 £ Restricted Unrestricted Expenditure Donations 4,463 - EYF 76,479 71,673 Fundraising 960 BAAS 30,517 34,505 Pre-school 22,306 25,593 Trips 1,236 Goods for resale - Fundraising 1,659 2,105 Uniform 540 604 Furlough (CJRS) 2,217 138,160 Wages/NI 124,189 119,669 Pension (Employer) 2,899 4,322 Equipment/toys/crafts 187 806 Software and Subs 2,021 1,980 Food 1,804 2,388 Goods for resale (Uniform) 616 560 Office/Stationery 2,579 3,823 Travel and Entertainment 610 886 Training 430 424 Rents / Rates 2,250 3,248 Repairs 5,319 5,559 Elec/Gas/Water 3,383 2,418 Nappy disposal 325 320 Telephone 888 1,202 Crafts 136 847 Bank charges 89 89 Insurance 1,334 1,184 Accountancy/Legal fees 40 325 Marketing - - Fundraising costs - - Sundry expenses 973 351 Gifts/Donations 20 322 Bad Debt - - 150,093 surplus/deficit (11,933) Interest payable Interest receivable 90 Net surplus/(deficit) (11,843) |
Norland Fun Club Notes to the Accounts Detailed Income and Expenditure Statement 1 June 2021- 31 May 2023 Income 2022/23 2021/22 £ Restricted Unrestricted Expenditure Donations 4,463 - EYF 76,479 71,673 Fundraising 960 BAAS 30,517 34,505 Pre-school 22,306 25,593 Trips 1,236 Goods for resale - Fundraising 1,659 2,105 Uniform 540 604 Furlough (CJRS) 2,217 138,160 Wages/NI 124,189 119,669 Pension (Employer) 2,899 4,322 Equipment/toys/crafts 187 806 Software and Subs 2,021 1,980 Food 1,804 2,388 Goods for resale (Uniform) 616 560 Office/Stationery 2,579 3,823 Travel and Entertainment 610 886 Training 430 424 Rents / Rates 2,250 3,248 Repairs 5,319 5,559 Elec/Gas/Water 3,383 2,418 Nappy disposal 325 320 Telephone 888 1,202 Crafts 136 847 Bank charges 89 89 Insurance 1,334 1,184 Accountancy/Legal fees 40 325 Marketing - - Fundraising costs - - Sundry expenses 973 351 Gifts/Donations 20 322 Bad Debt - - 150,093 surplus/deficit (11,933) Interest payable Interest receivable 90 Net surplus/(deficit) (11,843) |
|
|---|---|---|
| 138,160 119,669 4,322 806 1,980 2,388 560 3,823 886 424 3,248 5,559 2,418 320 1,202 847 89 1,184 325 - - 351 322 - 150,093 (11,933) 90 (11,843) |
136,697 | |
| 150,721 | ||
| (14,024) | ||
| - 2 |
||
| (14,022) |
Norland Fun Club Balance Sheet at 31 May 2023
| FUNDS TOTAL FUNDS Current Assets Current Bank Account Savings Bank Account Fundraising Account Just Giving Account Pe�y Cash Unrestricted funds Restricted funds |
31/5/2023 18,619 25,386 4,554 960 793 29,191 21,122 50,313 50,313 |
31/05/2022 £ 34,754 24,558 2,571 273 |
|---|---|---|
| 62,156 | ||
| 48,647 13,509 |
||
| 62,156 |
Norland Fun Club owns an asset being the Building it operates from. This has an estimated value of £70,000.
Assets recognised but not valued includes play equipment and computer equipment.
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Norland Fun Club Notes to the Accounts Accounting Policies 1 June 2022 - 31 May 2023
Basis of accoun�ng
The Accounts are prepared on a cash basis
Taxa�on
As a registered charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accoun�ng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further examination of the nature and purpose of each fund is included in the notes to the accounts.
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Norland Fun Club
Notes to the Accounts Continued 1 June 2022 - 31 May 2023
| 2 Grants and dona�ons 3 Staf costs and numbers CMBC - Children & Young People's Services Other grants Staf remunera�on Social security costs (NI) Pensions Dona�ons |
2023 2023 2022 Unrestricted Restricted Total funds funds funds £ £ £ 0 76,479 71,673 0 0 0 0 4,463 4,463 |
|---|---|
| 0 81,902 76,136 |
|
| 2023 2022 128,085 123,990 124,189 119,052 2,071 617 1,825 4,322 |
- employer
The average number employees during the year was 10 (2022:11). There were no employees with emoluments above £60,000
| 4 Restricted funds CMBC - Early Educa�on Funding (*) Dona�ons and Fundraising for a New Roof Norland Scarecrow Dona�on |
Balance b/f Incoming Outgoing Balance c/f £ £ £ £ 0 4,173 0 0 1,250 0 13,509 76,479 74,289 15,699 4,173 1,250 |
|---|---|
| 13,509 81,902 74,289 21,122 |
Fund name
Purpose of restric�on
CMBC - Early Educa�on Funding: For the supply of free early years provision for 2 to 4 year olds. Dona�on and Fundraising for new roof : restricted to replace the roof Norland Scarecrow Dona�on: for new floor and decora�ng
5 Trustee expenses
No trustee received any expenses during this or the previous financial year.
6 Related party transac�ons
There were no related party transac�ons during this or the previous financial year
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Norland Fun Club Notes to the Accounts Continued 1 June 2022 - 31 May 2023
7 Amounts owed at 31/05/2023
| 2022/23 | 2021/22 | |
|---|---|---|
| Accrued Expenditure | ||
| HMRC | 1554 | 1,579 |
| Pensions | 0 | 234 |
| IE | 0 | 325 |
| 1,554 | 2,138 | |
| Receipts in Advance | ||
| EYF | 15,699 | 13,509 |
| BAAS | 0 | 0 |
| 15,699 | 13,509 |
8 Amounts owed at 31/05/2023
| Prepayments | ||
|---|---|---|
| 2021/22 | 2020/21 | |
| Insurance | 1,111 | 1,027 |
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