Charity number: 1037723
ROBERTSBRIDGE CHILDREN'S SERVICES
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ROBERTSBRIDGE CHILDREN'S SERVICES
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 20 |
ROBERTSBRIDGE CHILDREN'S SERVICES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024
Trustees Councillor S Prochak, Chair (resigned 11 December 2023) Mrs L J Bassett, Trustee Mrs T Maskell, Trustee Mrs A M Page, Trustee Mr I P Munday, Trustee Ms F Dulley, Trustee Ms S E Brindle, Chair (appointed Chair on 11 December 2023) Mr Z Vice, Trustee
Charity registered number 1037723 Principal office Robertsbridge Children's Services George Hill Robertsbridge East Sussex TN32 5AY Accountants Magee Gammon Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH
Page 1
ROBERTSBRIDGE CHILDREN'S SERVICES
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the financial statements of the Robertsbridge Children's Services for the yearyear from 1 September 2023 to 31 August 2024.
Objectives and activities
a. Policies and objectives
To provide quality and affordable day care and early years' education for pre-school children. To work in partnership to meet the needs of local families and children.
The Manager and Deputy Manager ensure that the setting complies with revised Ofsted requirements and the new EYFS curriculum.
Training is very much at the heart of the organisation and is valued as shown by a good take up of training opportunities. All new staff have safeguarding training. All Trustees have completed online safeguarding training.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
Safeguarding and Health and Safety continue to be regular agenda items for Trustee and staff meetings.
The Trustees continue to review and implement an Improvement Plan for the nursery to consider changes in guidance and practices regularly.
c. Activities undertaken to achieve objectives
During the year Practitioners in Caterpillars continued to participate in various training specifically for those working with children 0-2 years. The training highlighted the need for the outdoor area to be enhanced adding artificial grass to the surface, planters with various plants to add texture and smell, a cosy area with varied materials of varying textures and a Community Playthings wooden tunnel to promote physical development. Blinds were also put up to protect the children from the sun during the summer months.
Caterpillar staff continue to participate in training when available. ESCC signposted other settings to RCS to share good practice within the 0-2 years age range.
At the start of the academic year moderation of children’s individual progress was completed with a manager and the child’s key person. As the year progressed this was changed in late spring to the whole staff team discussing on the day children’s individual development and needs. This would be based on practitioners’ observations throughout the day and putting next steps in place accordingly. This has proven to be beneficial with all staff understanding how to support and extend each child’s learning and development.
Throughout the year parents were offered the opportunity to attend various events at RCS, to participate in Stay and Play sessions and book meetings to discuss their child’s progress. Those that took up these opportunities gave positive feedback and expressed gratitude.
All staff have had supervisions during the year and the Manager is appraised by the Chair of the Trustees. DBS checks are completed online.
Regular newsletters are used to stay connected with parents and allow effective communication. Key persons build relationships with parents on an informal basis and communicate with them regularly about their children's learning and development.
Children attended various arranged transition sessions at Primary schools, supported by RCS staff.
Page 2
ROBERTSBRIDGE CHILDREN'S SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activities (continued)
d. Main activities undertaken to further the Charity's purposes for the public benefit
Trustees met regularly throughout the year and regular reports and communication continued.
An EGM was called in late autumn term due to the sudden resignation of the Chair of Trustees (for personal reasons). A new Chair was immediately appointed from the existing Trustees, to whom we are very grateful.
We went into January 2024 with uncertainty about changes to the implementation of the Early Years Educational Entitlement funding for those families entitled to funding for children aged from nine months old, and how this would affect us from September 2024. We were also waiting for confirmation of funding rates for working families of two-year olds effective from April 2024. When ESCC released the updates, careful consideration was given to how to implement any changes to meet the needs of our families and the setting. Changes were made to session costs for all families and session times for 0-2 years with effect from September 2024.
Safeguarding and first aid training was completed.
Jerry and Chrissie gained their Level 3 Early Years Educator qualification.
Our Chair of Trustees and management attended online Trustee and Manager network meetings with other settings, hosted by the ESCC Early Years Business and Sufficiency Officer and with input from an ESCC funding officer.
Achievements and performance
a. Main achievements of the Charity
RCS was awarded the category of 'Outstanding' in every respect at the Ofsted inspection in November 2019. Since opening, RCS have achieved 'Outstanding' at every inspection although the standards required are more demanding.
Our building is now beyond its 15-year expected lifetime so significant spending to properly maintain it is responsible and prudent for the long term. Repairs to the canopy have been incurred this year. We also upgraded the wi-fi system around the building and purchased a Community Playthings tunnel as part of enhancements to the Caterpillars Baby Room
The charity continues to formalise supervisions and joint observations for staff and attendees of the nursery.
The charity has an Ethos and Vision Statement for the setting.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 3
ROBERTSBRIDGE CHILDREN'S SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
b. Reserves policy
The Trustees consider that free reserves should be at least three months’ revenue expenditure with every intention of achieving a further three months to provide for unanticipated shortfalls in income. A total 6-month reserves are an ongoing goal.
The calculation of the required level or reserves is an integral part of the project’s future planning procedure. It should consider;
-
Anticipated income and expenditure being different from the budget.
-
Project work being different from that at the planning procedure.
-
Unexpected organisational commitments.
c. Financial Review
Fees showed an increase of 0.9% against 2022-23, with no fee increase taking place during the academic year. This was a year of uncertain financial forecasting due to the changes to government funding taking place from April 2024 which were not confirmed until two months before going live. As a result, calculations for changes to how the charity would offer funded places from September 2024 onwards had to be made and these decisions communicated quickly to parents in April/May once the funding rates had been announced.
Investment income increased due to reserve funds having been placed in higher interest accounts across the full year.
Staffing costs increased by 11%, mainly due to the increase in the NLW effective April 24 which created a 9.8% increase at the bottom of the pay scales. The Trustees agreed that it is vital to our high-quality provision that we retain the experienced, well-trained team that we have, so pay increases were awarded across the board.
Looking forward to the 2024-25 year, we are again waiting for confirmation of the next tranche of increases to funded hours available to parents. The proportion of funded hours will shift significantly towards more funded by the government rather than paid directly by parents, so it will be important to ensure that the business model adapts appropriately if government rates do not keep pace with cost increases in the future.
Structure, governance and management
a. Constitution
Robertsbridge Children's Services is a registered charity, number 1037723, and is constituted under a Trust deed.
Policies and contracts have been reviewed and updated. Trustees have reviewed the Constitution.
RCS has put in reserves sufficient funding to provide at least three months of operation, but ideally six months.
All risk assessments are reviewed annually.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Trustees are appointed by existing Trustees.
Trustees receive guidance and information on the duties and responsibilities of being a Trustee.
Page 4
ROBERTSBRIDGE CHILDREN'S SERVICES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the 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 & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 20 November 2024 and signed on their behalf by:
................................................
Ms S E Brindle
(Chair of Trustees)
Page 5
ROBERTSBRIDGE CHILDREN'S SERVICES
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Independent examiner's report to the Trustees of Robertsbridge Children's Services ('the Charity')
We report to the charity Trustees on our examination of the accounts of the Charity for the year ended 31 August 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
We 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report.
Signed: Roland Parry FCA
Dated: 20 November 2024
Magee Gammon Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH
Page 6
ROBERTSBRIDGE CHILDREN'S SERVICES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Raising funds Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 2,384 461,285 3,820 467,489 20 460,483 460,503 6,986 545,170 6,986 552,156 |
Restricted funds 2024 200 - - 200 - 200 200 - - - - |
Total funds 2024 2,584 461,285 3,820 467,689 20 460,683 460,703 6,986 545,170 6,986 552,156 |
Total funds 2023 5,573 457,122 1,086 |
|---|---|---|---|---|
| 463,781 | ||||
| 62 413,592 |
||||
| 413,654 | ||||
| 50,127 | ||||
| 495,043 50,127 |
||||
| 545,170 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 20 form part of these financial statements.
Page 7
ROBERTSBRIDGE CHILDREN'S SERVICES
BALANCE SHEET AS AT 31 AUGUST 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
1,813 262,370 264,183 (17,999) |
2024 305,972 246,184 552,156 - 552,156 552,156 |
2,203 246,389 248,592 (30,403) |
2023 326,981 218,189 |
|---|---|---|---|---|
| 545,170 | ||||
| - 545,170 |
||||
| 545,170 |
The financial statements were approved and authorised for issue by the Trustees on 20 November 2024 and signed on their behalf by:
................................................
Ms S E Brindle
(Chair of Trustees)
The notes on pages 9 to 20 form part of these financial statements.
Page 8
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. General information
Robertsbridge Children's Services is a Charity registered under charity number 1037723. The principal place of operation is George Hill, Robertsbridge, TN32 5AY.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Robertsbridge Children's Services meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 9
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
| Freehold property | - | 5% |
|---|---|---|
| Plant and machinery | - | 25% |
| Solar panels | - | 5% |
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
Page 10
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2. Accounting policies (continued)
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2024 Donations 1,383 Government grants - Fundraising 1,001 2,384 Unrestricted funds 2023 Donations 1,035 Non-government grants 50 Government grants - Fundraising 1,488 2,573 |
Restricted funds 2024 - 200 - 200 Restricted funds 2023 - - 3,000 - 3,000 |
Total funds 2024 1,383 200 1,001 |
|---|---|---|
| 2,584 | ||
| Total funds 2023 1,035 50 3,000 1,488 |
||
| 5,573 |
Page 11
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
4. Income from charitable activities
| Unrestricted funds 2024 Education services 461,285 Unrestricted funds 2023 Education services 457,122 5. Investment income Unrestricted funds 2024 Interest received 3,820 Unrestricted funds 2023 Interest received 1,086 |
Total funds 2024 461,285 |
|---|---|
| Total funds 2023 457,122 |
|
| Total funds 2024 3,820 |
|
| Total funds 2023 1,086 |
Page 12
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| Education services Education services Summary by expenditure type Charitable activity Charitable activity Analysis of expenditure by activities Education services |
Unrestricted funds 2024 460,483 Unrestricted funds 2023 410,592 Staff costs 2024 Depreciation 2024 370,638 21,663 Staff costs 2023 Depreciation 2023 333,797 22,070 Activities undertaken directly 2024 459,489 |
Restricted funds 2024 200 Restricted funds 2023 3,000 Other costs 2024 68,382 Other costs 2023 57,725 Support costs 2024 1,194 |
Total 2024 460,683 Total 2023 413,592 Total 2024 460,683 Total 2023 413,592 Total funds 2024 460,683 |
|---|---|---|---|
7. Analysis of expenditure by activities
Page 13
ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
7. Analysis of expenditure by activities (continued)
| Education services Analysis of direct costs Staff costs Depreciation Training Refreshments Catering costs Insurance, membership and inspection fees Resources Repairs and cleaning Utilities Sundry expenses Administrative expenses Bank charges Professional fees Analysis of support costs Independent examiner's fees |
Activities undertaken directly 2023 412,542 |
Support costs 2023 1,050 Total funds 2024 370,638 21,663 1,757 1,547 18,454 2,645 9,613 12,745 10,994 603 7,397 533 900 459,489 Total funds 2024 1,194 |
Total funds 2023 413,592 |
|---|---|---|---|
| Total funds 2023 333,797 22,070 269 1,913 16,745 2,655 10,433 7,135 10,432 357 6,105 631 - |
|||
| 412,542 | |||
| Total funds 2023 1,050 |
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
|||
|---|---|---|---|
| 8. | Independent examiner's remuneration | ||
| 2024 | 2023 | ||
| Fees payable to the Charity's independent examiner for the independent | |||
| examination of the Charity's annual accounts | 1,194 | 1,050 |
9. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 342,183 22,246 6,209 370,638 |
2023 309,525 18,588 5,684 |
|---|---|---|
| 333,797 |
| The average number of persons employed by the Charity during the year was as follows: 2024 No. Staff 18 The average headcount expressed as full-time equivalents was: 2024 No. Employees 11 |
2023 No. 18 |
|---|---|
| 2023 No. 11 |
No employee received remuneration amounting to more than £60,000 in either year.
10. Trustees' remuneration and expenses
During the year, one Trustee has been paid remuneration from employment with the charity. The value of Trustees' remuneration and other benefits was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| Mrs T Maskell | Remuneration | 35,468 | 33,183 |
During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL) .
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
11. Tangible fixed assets
| Cost or valuation At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Net book value At 31 August 2024 At 31 August 2023 12. Debtors Due within one year Trade debtors Prepayments and accrued income |
Freehold property 394,763 - 394,763 97,143 19,739 116,882 277,881 297,620 |
Plant and machinery 95,824 654 96,478 66,463 1,924 68,387 28,091 29,361 2024 153 1,660 1,813 |
Total 490,587 654 |
|
|---|---|---|---|---|
| 491,241 | ||||
| 163,606 21,663 |
||||
| 185,269 | ||||
| 305,972 | ||||
| 326,981 | ||||
| 2023 65 2,138 2,203 |
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
13. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2024 983 681 1,200 15,135 17,999 |
2023 - 6,448 1,357 22,598 |
|---|---|---|
| 30,403 |
14. Financial instruments
| Financial assets Financial assets measured at fair value through income and expenditure Financial liabilities Other financial liabilities measured at fair value through income and expenditure |
2024 262,370 2024 983 |
2023 246,389 |
|---|---|---|
| 2023 - |
Financial assets measured at fair value through income and expenditure comprise cash at hand and in bank.
Other financial liabilities measured at fair value through income and expenditure comprise of trade creditors.
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
15. Statement of funds
Statement of funds - current year
| Unrestricted funds General funds Restricted funds East Sussex County Council Total of funds Statement of funds - prior year Unrestricted funds General funds Restricted funds East Sussex County Council Total of funds |
Balance at 1 September 2023 545,170 - 545,170 Balance at 1 September 2022 495,043 - 495,043 |
Income 467,489 200 467,689 Income 460,781 3,000 463,781 |
Expenditure (460,503) (200) (460,703) Expenditure (410,654) (3,000) (413,654) |
Balance at 31 August 2024 552,156 |
|---|---|---|---|---|
| - | ||||
| 552,156 | ||||
| Balance at 31 August 2023 545,170 |
||||
| - | ||||
| 545,170 |
. Restricted Funds
The grant received in the current financial year from East Sussex County Council was provided towards the purchase of an Outlast Tunnel. This was fully utilised in the year.
The grant received in the previous financial year from East Sussex County Council was provided for a Ukrainian pupil and was fully utilised in that year.
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
16. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 September 2023 545,170 - 545,170 Balance at 1 September 2022 495,043 - 495,043 |
Income 467,489 200 467,689 Income 460,781 3,000 463,781 |
Expenditure (460,503) (200) (460,703) Expenditure (410,654) (3,000) (413,654) |
Balance at 31 August 2024 552,156 - |
|---|---|---|---|---|
| 552,156 | ||||
| Balance at 31 August 2023 545,170 - |
||||
| 545,170 |
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ROBERTSBRIDGE CHILDREN'S SERVICES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 Tangible fixed assets 305,972 Current assets 264,183 Creditors due within one year (17,999) Total 552,156 |
Total funds 2024 305,972 264,183 (17,999) 552,156 |
|---|---|
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 326,981 248,592 (30,403) 545,170 |
Total funds 2023 326,981 248,592 (30,403) 545,170 |
|---|---|---|
18. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £6,209 (2023 - £5,684). Contributions of £1,200 (2022 - £1,357) were payable to the fund at the balance sheet date.
19. Related party transactions
Included in repairs is a total sum of £350 (2023 - £550) paid to members of Mrs T Maskell's immediate family.
There were no further transaction with related parties in the year (2023 - none).
Page 20