Funfishers Out of School Club Charity Registration Number 1037734 Trustees. Annual Report & Financial Statements for the year ended 31st March 2024 Charity accounts preparation & independent examination service
Funfishers Out of School Club Charity registration number 1037734 Contents Index Page Trustees Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Accounts
Funfishers Out of School Club {Charity Registration Number 1037734) Trustees. Annual Report Charity's full name: Funfishers Out of School Club Registered charity number: 1037734 From: 1st April 2023 To: 31st March 2024 ive Activitie Summary of the purposes of the charity set out in its governing document Our primary aim is to provide good quality childcare that is affordable for familie5 in this community, and to attract and maintain an excellent team who in turn provide excellent service. We will consider proposals for growth within our budget and continue to maintain and enhance our premisis and equipment to ensure we offer a play environment that is fun but safe and secure to enjoy the latest technology and areas of exploration both indoors and out. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activitiesi projects or services identified in the accounts We provide a combination of nursery, pre school and wrap around sessional childcare for children aged 9 Months to 11 years old. The sessional care is provided through: Breakfast Club, Preschool, Afterschool Club and Holiday Club with Nursery provision being full or half day care. We offer play and learning in an environment that encourages creativity, critical thinking, physical challenges and exploration. Staff are highly trained in EYFS and playwork to ensu resources and assessments are carried out to the highest standards that Ofsted and the LA require and to ensure that the children are always making progress on their developmental journey. We also provide CPD for staff to develop and challenge themselves within the environment and for the chIldn in our care. We have developed to provide flexible childcare that the community demands in the everchanging world of parents. / carers, working environment. We offer the Government schemes for 2, 3 and 4 year old 15 hours and 30 hours entitlements including encouraging parents to access childcare under the new reforms from April 2024. The trustees consider that they have complied with their duties to have due regard to the public benefit guidance published by the Charity Commission. Achievements and Performance Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Since achieving our Ofsted outstanding grade, and whilst navigating our way through a cost of living crisis for families and businesses nationwide, the setting has managed to continue to provide affordable and flexible childcare in a stimulating and nurturing environment for children aged 9months to Ilyears including children that have additional needs, who are vulnerable or within the care sector. The setting has adapted the way that it works to ensure that the provision can still be purposeful and enriching to fulfil the children learning potential. The setting has communication friendly status which allows us to encourage and support the communication needs of all our children within the setting, with all staff being trained to a high level within this area. Along with this, we are active participants in the Fy initiative to support children with speech, language and communication needs, and have now attained Step 3. The manager is now on the board of the Raise York initiative in York which aims to support all families with children aged 0-25, providing information, advice and support that is accessible for everyone. We have strong bonds with our families and parents to share this information and hope to make everyone feel supported through their parenting journey. Staff members are continuing on their CPD journey, accessing training regularly through the local authority, Eden Training and in house training from various providers. The Deputy manager has begun a level 6 qualification and the Team leader completed her level 5. We have a reliable, committed and Passionate leadership team.
Funfishers Out of School Club {Charity Registration Number 1037734) Trustees. Annual Report Financial Review Review of the charity's financial position at the end of the period This year has seen the setting continue to achieve positive financial outcomes. We prefict a potential surplus at the end of the year of around £70,000. Our setting numbers continued to increase this year which has enabled us to run at capacity and see the highest averages on our databases that we have ever had in the nursery, pre school and holiday provision. Our waiting list continues to rise as the new childcare reforms have been announced. We have continued to be part of the HAF grant initiative through York Council to give school aged vulnerable children a healthy and physical input in the school holidays. Through this initative, we have been able to support 30 children from the local area in the holidays. Statement explaining the policy for holding reserves stating why they are held We hold reserves for multiple reasons- the main reason being to ensure that in the unfortunate event that the setting should have to shut down at short notice or through insolvency we would carry enough funds to do this in an orderly way to care for our beneficiaries. Our reserves policy is important as it shows the public and funders that we have clarity and openess for holding reserves and to avoid misrepresentation on the setting's financial posltion. Reserves from time to time can be restricted for the sole use in an event or other opportunities and commitments to the future sustainability of the setting may be needed. Designated reservers can be used to save for large scale projects and further charitable purposes. All reserve values are outlined in our policy outlining our clear expectations and plans for the financial year ahead. Amount of reserves held £229,622 Reasons for holding zero reserves N/A Funds materially in deficit None Explanation of any uncertainties about the charity continuing as a going concern N/A
Funfishers Out of School Club {Charity Registration Number 1037734) Trustees. Annual Report atructur&governance an(Lwanagemen Description of the charity's trusts Type of governing document Constitution How the charity is constituted Unincorporated Association Trustee selection methods including details Trustees recruited at AGM July then Ofsted of any constitutional provisions e.g. election clearance for DBS. Chairperson, Treasurer and to post or name of any person or body entitled to appoint one or more trustees Secretary elected at AGM in July Reference and Administration details Charity's Full Name: Funfi5hers Out of School Club Other names the charity is known by: Funfishers Charity's principal address Fishergate School, Escrick Street, Fishergate, York YOIO 4AP Names of the trustees who manage the charity Trustee name Office (if any) Dates acted if not whole year Until AGM July 2023 Name of person entitled to appoint trustee Mr Ian Stokes Chair Mrs Patricia Barrett Treasurer Mr Peter Otter Chair Elected AGM July 2023 Ms Mickey Finn Miss Joanne Mahon Miss Sharon Gallagher Miss Camille Ortega Elected AGM July 2023 Mrs Cat Langford Elected AGM July 2023 Awa iting su itability letter Miss Claire Marsh Elected AGM July 2023 Awa iting su itability letter
Funfishers Out of School Club {Charity Registration Number 1037734) Trustees. Annual Report Names and addresses of advisers Type of advisor Name Address Independent Examiner Karen Wood ACMA Outsource Accountancy Services & Independent Examinations Hiscox Building, Peasholme Green, York, YOI 7PR Bankers Natwest Bank Chatham, Retail Customer Service Centre, Waterside Western Avenue, Chatham Maritime, Chatham, Kent Name of chief executive or names of senior staff members Katie Hatfield Declaration This report was approved by the Board of Trustees Signed on behalf of the charity's trustees Signature Qckfr Full Name Mr Peter Otter Position Chair Date 02/05/24
Funfishers Out of School Club (Registered Charity Number 1037734) Independent examiner's report to the Trustees of Funfishers Out of School Club I report on the accounts of: Funfishers Out of School Club For the year ended: 31st March 2024 Which are set out on pages 6-16 Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Charity's accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of The Chartered Institute of Management Accountants, which is one of the listed bodies. 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 Trust as required by section 130 of the Act; or the accounts do not accord with those records 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. 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. tLtsJO(r 2110612024 Karen Wood ACMA, CGMA Outsource independent examination service The Hiscox Building Peasholme Green York YOI 7PR Date
Funfishers Out of School Club (Registered Charity Number 1037734) statement of Financial Activities for the year ended: 31st March 2024 Unrestricted Restricted funds funds 2024 Total 2023 Total Income and endowments from: Note Donations and legacies 3,918 13,380 17,298 7,013 Charita ble activities 378,918 378,918 278,964 Investments 743 743 241 Other 2,306 2,306 1,389 Total income 385,885 13,380 399,265 287,607 Expenditure on Note Raising funds 120 120 Charita ble activities 315,907 13,380 329,287 235,682 Total expenditure 316,027 13,380 329,407 235,682 Net income/(expenditure) 69,858 69,858 51,925 Gross transfers between funds Net movement in funds 69,858 69,858 51,925 Total funds brought forward 159,764 2,746 162,510 110,585 Total funds carried forward 229,622 2,746 232,368 162,510
Funfishers Out of School Club (Registered Charity Number 1037734) Balance sheet as at: 31st March 2024 Note 2024 2023 Fixed assets Tangible assets 9,723 9,576 Total fixed assets 9,723 9,576 Current assets Cash at bank and in hand 221,409 150,606 Debtors and prepayments 3,712 2,942 Total current assets 225,121 153,548 Current liabilities: amounts falling due within one year Creditors and accruals (2,476) (614) Net current assets/(liabilities) 222,645 152,934 Net assets/(liabilities) 232,368 162,510 Funds of the charity io Unrestricted Funds (General) 229,622 159,764 Restricted Funds 2,746 2,746 Total funds carried forward 10 232,368 162,510 The financial statements were approved by the trustees and signed on their behalf by: Full name P.¥., ollcr Signature F. c)kf Position Date 11 1061202+
Funfishers Out of School Club (Registered Charity Number 1037734) Statement of Cash Flows for the years ended: 31st March 2024 Total 2024 Total 2023 Cash flows from operating activities Net income/(expenditure) for the year 69,454 51,925 Add: Depreciation for the year 1,652 1,596 Working capital changes (Increase)/decrease in debtors (770) (987) Increase/(decrease) in creditors 1,862 (2,251) Net cash provided by/(used in) operating activities 72,602 50,283 Cash flows used in investing activities Purchase of fixed assets 1,799 Change in cash and cash equivalents in the year 70,803 50,283 Cash and cash equivalents at 31 March 2024 150,606 100,323 Cash and cash equivalents at l April 2023 221,409 150,606
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 1.1 Basis of accounting The financial statements are prepared under the historical cost convention and the 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 (Charities SORP (FRS 102)). 1.2 Change of basis of accounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. 1.3 Change to previous accounts No changes have been made to accounts for previous year5. Accounting policies Income Recognition of income These are included in the Statement of Financial Artivitie5 (SOFA) when: the charity becomes entitled to the resources. receipt is probable; and the monetary value can be measured with sufficient reliability. Incoming resources with related expenditure Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the charity has evidence of entitlement to the resources and receipt is probable. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report.
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 Expenditure and liabilities Expenditure Raising funds Cost of raising funds comprise those costs associated with attracting voluntary income. Charitable activities Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Assets Tangible fixed assets for use by the charity These are capitalised if they can be used for more than one year and cost at least £750. They are valued at cost or, if gifted, at the value to the charity on receipt, less depreciation. Fund accounting Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restritted funds are funds which can only be used for particular restritted purposes within the objetts of the charity. Restrictions arise when specified by the donor. 10
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 3. Income and endowments Unrestricted funds Restricted Total 2024 Unrestricted funds funds Restricted Total 2023 funds 3.1 Donations and legacies Donations & fundraising 126 126 783 783 Grants 3,792 13,380 17,172 6,230 6,230 Dragonfishers hub partnership 3,918 13,380 17,298 783 6,230 7,013 3.2 Charitable activities Fees 237,775 237,775 190,460 190,460 NEG funding (3&4 year olds) 98,610 98,610 50,129 50,129 NEG funding (2 year olds) 40,056 40,056 33,941 33,941 Pupil premium 2,477 2,477 2,934 2,934 Apprentice incentive 1,500 1,500 378,918 378,918 278,964 278,964 3.3 Investments Bank interest 743 743 241 241 743 743 241 241 3.4 Other Milk refund 2,306 2,306 1,389 1,389 Sundry income JRS Grant 2,306 2,306 1,389 1,389 Totsl income 385,885 13,380 399,265 281,377 6,230 287,607 11
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 Unrestricted funds Restricted Total 2024 Unrestricted funds funds Restricted Total 2023 funds 4.1 Raising funds 120 120 4.2 Charitable activities Salaries 223,943 13,380 237,323 168,958 6,000 174,958 Staff training & other costs 7,301 7,301 2,052 2,052 Play materials & equipment 5,058 5,058 4,446 4,446 Milk & refreshments 19,882 19,882 12,916 230 13,146 Activities & outings 2,341 2,341 1,016 1,016 Insurance costs 1,276 1,276 1,021 1,021 Membership & subscriptions 5,607 5,607 3,983 3,983 Rent & lease 11,848 11,848 6,529 6,529 Stationary & printing costs 4,335 4,335 2,445 2,445 Telephone, heating & lighting 4,761 4,761 2,726 2,726 Repairs, renewals & maintenance Cleaning & consumables 3,225 3,225 3,079 3,079 16,257 16,257 13,895 13,895 Equipment costs 7,856 7,856 4,356 4,356 Advertising & publicity 115 115 34 34 IE fees 450 450 400 400 Depreciation 1,652 1,652 1,596 1,596 315,907 13,380 329,287 229,452 6,230 235,682 Total expenditure 316,027 13,380 329.407 229,452 6,230 235,682 12
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 5. Expenses & fees No trustees recieved a remuneration for services rendered during the year, nor were any trustees out of pocket expenses reimbursed 2024 2023 5.1 Fees for examination of the accounts Independent Examiner's fees for reporting on the accounts 450 400 6. Staff costs & emoluments 2024 2023 Gross salaries 223,120 162,299 Employers National Insurance 11,012 10,026 Pension Contributions 3,191 2,633 237,323 174,958 Average number of employees (full time equivalent) 10 10 No employees recieved emoluments in excess of £60,000 (2020: Nil) 7. Fixed assets 7.1 Tangible fixed assets Computer Property Fixtures & Equlpment fittlngs Total Cost or valuation At 1st April 2023 16,301 15,960 32,261 Additions in year 899 900 1,799 Disposals in year at 31st March 2024 17,200 16,860 34,060 Depreciation At 1st April 2023 16,301 6,384 22,685 Charge for the year 56 1,596 1,652 At 31st March 2024 16,357 7,980 24,337 Net Book Value At 31st March 2024 843 8,880 9,723 At 31st April 2023 9,576 9,576 13
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 8. Debtors and prepayments 2024 2023 Debtors and prepayments Debtors 2,705 2,423 Prepayments 1,007 519 3,712 2,942 9. Creditors and accruals 2024 2023 Analysis of creditors falling due within one year Trade Creditors 447 214 Fees paid in advance 1,579 Independent examiner's fee 450 400 2,476 614 10. Movement of funds 10.1 Movement of major funds Balance bl fvld Incoming Outgoing resources resources Transfers Balance c/ fwd 2024 Fund Name Unrestricted Funds (General) General unrestricted funds 159,764 385,885 316,027 229,622 159.764 385,885 316,027 229,622 Restricted Funds Dragonfishers Hub partnership 2,746 2,746 Holiday activity fund 13,380 13,380 2,746 13,380 13,380 2,746 Total funds 162,510 399,265 329,407 232,368 14
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 Balance b/ fvid Incoming resources Outgoing resources Transfers Balance c/ fvid 2023 Fund Name Unrestricted Funds (General) General unrestricted funds 107,839 281,377 229,452 159,764 107,839 281,377 229,452 159,764 Restricted Funds Dragonfishers Hub partnership 2,746 2,746 Holiday activity fund 6,230 6,230 2,746 6,230 6,230 2,746 Total funds 110,585 287,607 235,682 162,510 15
Funfishers Out of School Club (Registered Charity Number 1037734) Notes to the Accounts for the year ended: 31st March 2024 10.2 Details of Funds Held Unrestricted Funds (General) The general fund is unrestricted and available for general purposes Funfishers out of School Club. Restricted funds The restricted funds are only available for the purposes specified for each fund, which are: Dragonfishers Hub Partnership Fund from CYC to pay for partnership expenses Holiday Activity Fund Government funding for free holiday provision for eligible children There has been no spend this year but future partnership events are being planned in the summer and autumn terms next year. 11. Net assets between funds Unrestricted funds Restricted funds Total 2024 Balances at 31st March 2024 Fixed assets 9,723 9,723 Current assets 222,375 2,746 225,121 Current liabilities (2,476) (2,746) 229,622 2,746 232,368 Unrestricted funds Restricted funds Total 2023 Balances at 31st March 2023 Fixed assets 9,576 9,576 Current assets 150,802 2,746 153,548 Current liabilities (614) (614) 159,764 2,746 162,510 16