GAYTON GOSLINGS DAY CARE CENTRE
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
Charity Registration Number: 1039558
GAYTON GOSLINGS DAY CARE CENTRE CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees’ report | 2 to 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to financial statements | 6 to 12 |
| Independent examiners report | 13 to 14 |
GAYTON GOSLINGS DAY CARE CENTRE LEGAL AND ADMINISTRATIVE DETAILS
| Registered Charity No: | 1039558 |
|---|---|
| Addresses: | Lynn Road |
| Gayton | |
| King's Lynn | |
| Norfolk | |
| PE32 1PA | |
| Telephone: | 01553 636606 |
| A Fitt - Chair | |
| E Bridge | |
| N Harmer | |
| L Harwood - Bird | |
| M Mace | |
| J Russell | |
| N Allitt | |
| R Spragg - appointed 04.01.21 | |
| S Doughty - appointed 04.01.21 | |
| Independent Examiner: | Hayhow and Co |
| Chartered Certified Accountants & Business Advisors | |
| 19 King Street | |
| King's Lynn | |
| Norfolk | |
| PE30 1HB |
Page 1
GAYTON GOSLINGS DAY CARE CENTRE TRUSTEES REPORT
The trustees present their annual report and financial statements of the charity for the year ended 31st August 2021. 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 constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.
OBJECTIVES
The objective of the charity is to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
The activities of the charity are the providing of nursery facilities and child care to children under statutory school age.
The charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and in planning future objectives. In particular , the trustees consider how planned activities will contribute to the aims and objectives they have set.
STRUCTURE GOVERNANCE AND MANAGEMENT
The charity trustees during the year are shown on the legal and administrative details. The Trustess are appointed by existing trustees
The Charity is governed by a constitution adopted 24 May 1994 and amended 22 February 2006. The Charity is an association.
TRUSTEES AND ORGANISATIONAL MATTERS
The trustees of the charity during the year are shown in the legal and administrative section.
FINANCIAL REVIEW
At the end of the year the charity held £159,219 in the bank. Trustees recognise that they must not only invest in promoting, developing and improving the services provided but also ensure that sufficient income and reserves are secured to meet the day to day running expenses of the charity.
RESERVES
The unrestricted funds are used for the general purposes within the charity. The restricted funds are used according to their original instruction.
The level of reserves is monitored and reviewed at the regular trustees meetings.
The trustees believe that the level of reserves which is necessary should be enough to cover the running costs of the sites for one year, including all free family services, and that this is to be monitored and maintained throughout the year.
Page 2
GAYTON GOSLINGS DAY CARE CENTRE TRUSTEES REPORT
MAJOR RISKS
The main risk experienced by the charity is the competition from other nursery and childcare services in the area. This is closely monitored and action put in place where necessary to protect against the impact on the charity.
STATEMENT OF RESPONSIBILITIES OF TRUSTEES
The trustees are responsible for preparing the Trustees' Annual 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 and 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently
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observe the methods and principles in the Charities SORP
-
make judgements and estimates that are reasonable and prudent
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to
The Trustees are responsible for maintaining proper accounting records, which 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. 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.
Signed on behalf of the Trustees on …......................................
….............................................................
A Fitt Chair
Page 3
GAYTON GOSLINGS DAY CARE CENTRE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2021
| Notes INCOMING RESOURCES Charitable activites Other trading activities Government grants Investment income Total Income 3 RESOURCES EXPENDED Charitable activities Total Expenditure 4 Net income/(expenditure) Transfers between funds Total funds brought forward Total funds carried forward |
Restricted Unrestricted Total Fund 2021 Fund 2021 2021 £ £ £ - 145,090 145,090 - 405 405 - 294 294 - 319 319 - 146,108 146,108 - 141,836 141,836 - 141,836 141,836 - 4,272 4,272 - - - 73,023 191,675 264,698 73,023 195,947 268,970 |
Total 2020 £ 132,481 395 1,370 745 |
|---|---|---|
| 134,991 | ||
| 133,541 | ||
| 133,541 | ||
| 1,450 - 263,248 |
||
| 264,698 |
The statement of financial activities includes all gains and losses recognised in the year. All income resources and resources expended derive from continuing activities.
The notes on pages 6 to 12 form part of these accounts
Page 4
GAYTON GOSLINGS DAY CARE CENTRE BALANCE SHEET YEAR ENDED 31 AUGUST 2021
| Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted 11 Restricted 11a TOTAL FUNDS |
£ £ 108,020 2,956 159,219 162,175 1,225 160,950 268,970 195,947 73,023 268,970 2021 |
£ £ 109,665 2,753 153,456 156,209 1,176 155,033 264,698 191,675 73,023 264,698 2020 |
£ £ 109,665 2,753 153,456 156,209 1,176 155,033 264,698 191,675 73,023 264,698 2020 |
|---|---|---|---|
| 155,033 | |||
| 264,698 | |||
| 191,675 73,023 |
|||
| 264,698 |
Approved by the Board of Trustees on …………………………………... and signed on its behalf by:
….......................................................
A Fitt Chair
Page 5
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
1. Principal Accounting Policies
1.1 Basis of Preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
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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
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and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
-
and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The accounts have been prepared on a going concern basis. The Trustees believe this basis to be appropriate as the charity holds sufficient funds to finance their operations for the foreseeable future.
2. Accounting Policies
2.1 Incoming Resources
Incoming resources from children's clubs and nurseries are included when receivable. Grants and local authority fees are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Capital grants specifically for capital expenditure are converted by an inter-fund transfer at cost or held within endowment funds if necessary.
No income is shown net of expenditure.
Page 6
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
2.2 Fund Accounting
General funds are unrestricted which are available for use at the discretion of the trustees in furtherance of general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost 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.
2.3 Resources Expended
All expenditure is included on an accruals basis and is recognised when there is legal or constructive obligations to pay for expenditure. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
Expenses are apportioned where necessary. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of charitable activities. Support costs are those costs incurred directly in respect of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity.
2.4 Tangible Fixed Assets and Depreciation
Individual assets costing £100 or more are capitalised at cost.
Depreciation is calculated to write off the costs of each asset over its estimated useful life
Freehold land Nil Freehold buildings 2% straight line basis Equipment 25% reducing balance basis
Page 7
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
| 3. Incoming Resources Charitable Activities Nursery fees Funding Fundraising Other Trading Activities Other income Donations and Legacies Donations Government grants Investments Interest Total |
Restricted Unrestricted 2021 2021 £ £ - 48,201 - 96,325 - 564 - 405 - - 294 - 319 - 146,108 |
Total Total 2021 2020 £ £ 48,201 40,099 96,325 91,748 564 634 405 395 - - 294 1,370 319 745 |
|---|---|---|
| 146,108 134,991 |
Page 8
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
| 4. Charitiable Activities Wages, Salaries and Staff Training Staff Pension Costs Printing, Postage and Stationary Consumables Rates Heat, light and power Repairs and renewals Uniform Trip Expenses Insurance Advertising Telephone and Fax Computer Costs Depreciation Sundry expenses Bank charges Motor Expenses 5. Governance Costs Independent Examination |
Restricted Unrestricted 2021 2021 £ £ - 116,536 - 1,600 624 7,841 - 763 2,622 1,561 854 - - - 2,137 - 430 - 1,616 83 - 1,825 1,159 - 285 - - - 139,936 Restricted Unrestricted 2021 2021 £ £ - 1,900 |
Total Total 2021 2020 £ £ 116,536 107,197 1,600 1,516 624 96 7,841 7,575 763 772 2,622 2,289 1,561 2,490 854 665 - - 2,137 2,013 430 555 1,616 1,354 83 2,515 1,825 2,374 1,159 473 285 256 - 12 |
|---|---|---|
| 139,936 132,152 |
||
| Total Total 2021 2020 £ £ |
||
| 1,900 1,389 |
Page 9
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
6. Staff Costs and Numbers
| Salaries Social Security Pension costs Staff Training |
£ 115,007 1,297 1,600 232 |
|---|---|
| 118,136 |
No employee received remuneration of more than £60,000. Trustees are not remunerated. No expenses are reimbursed to Trustees.
In addition volunteers donate a value, which it is impossible to reflect in the financial statements.
7. Tangible Fixed Assets
| Cost: At 1 September 2020 Additions Disposals At 31 August 2021 Depreciation: At 1 September 2020 Provision for the year On disposals At 31 August 2021 Net book value at 31 August 2020 Net book value at 31 August 2021 |
Freehold Property Equipment £ £ 102,545 43,142 - 180 - - 102,545 43,322 - 36,022 - 1,825 - - - 37,847 102,545 7,120 102,545 5,475 |
Total £ 145,687 180 - |
|---|---|---|
| 145,867 | ||
| 36,022 1,825 - |
||
| 37,847 | ||
| 109,665 | ||
| 108,020 |
Page 10
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
| 8. Debtors Prepayments Taxes and Social Security costs 9. Creditors – Amounts Falling Due within One Year Taxes and Social Security costs Accruals and deferred income 10. Analysis of Net Assets between Funds Tangible fixed assets Current assets Current liabilities |
2021 £ 2,904 52 2,956 2021 £ - 1,225 1,225 Restricted General Funds Funds 71,023 36,997 2,000 160,175 - 1,225 |
2020 £ 1,218 1,535 |
|---|---|---|
| 2,753 | ||
| 2020 £ - 1,176 |
||
| 1,176 | ||
| Total 108,020 162,175 1,225 |
||
| 73,023 195,947 |
268,970 |
Page 11
GAYTON GOSLINGS DAY CARE CENTRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2021
11. Unrestricted Fund
| General Fund 11a. Restricted Fund Restricted Fund Total funds |
Balance Income Outgoing Balance At 1.9.2020 Resources Resources Transfers at 31.08.2021 £ £ £ £ £ |
|---|---|
| 191,675 146,108 (141,836) - 195,947 |
|
| Balance Income Outgoing Balance At 1.9.2020 Resources Resources Transfers at 31.08.2021 £ £ £ £ £ |
|
| 73,023 - - - 73,023 |
|
| 264,698 146,108 (141,836) - 268,970 |
10c. Purpose of Restricted Funds
To provide for the building of an extension and furniture and fittings.
11. Related Party Transactions
The charity is controlled by its board of trustees.
Page 12
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAYTON GOSLINGS DAY CARE CENTRE YEAR ENDED 31 AUGUST 2021
I report to the trustees on my examination of the Financial Statements of Gayton Goslings Day Care Centre for the year ended 31 August 2021, charity number 1039558 , which are set out on pages 1 to 6.
This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity’s members as a body and the charity’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
Responsibilites and basis of report
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 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
It is my responsibility to:
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1 examine the accounts under section 145 of the Charities Act,
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2 to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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3 to state whether particular matters have come to my attention
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.
Page 13
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAYTON GOSLINGS DAY CARE CENTRE YEAR ENDED 31 AUGUST 2021
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- 1
the accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2 the accounts did not accord with the accounting records; or
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3 the accounts did 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.
Julie Gladman FCCA Date: Hayhow & Co Chartered Certified Accountants and Business Advisers 19 King Street King’s Lynn Norfolk PE30 1HB
Page 14