2024-08-31-accounts - Maple Grove Community Group

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THE MAPLE GROVE COMMUNITY GROUP

ANNUAL ACCOUNTS

FOR THE YEAR ENDED

31 AUGUST 2024

Page 1

THE MAPLE GROVE COMMUNITY GROUP

Contents	Page
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Accounts	5
Independent Examiner's Report to the Accounts	7

Page 2

MAPLE GROVE COMMUNITY GROUP

Statement of Financial Activities ( Incorporating an Income and Expenditure Account ) For The Year Ended 31 August 2024

INCOMING RESOURCES Fund-raising Fees Receipts Cambs. C.C.- Grants Wraparound Fees Out of School Club Fees Holiday Club Fees Other Interest received TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Events Costs of Activities for Charitable Objectives Salaries, N.I and Pension Repair & Maintenance Cleaning Materials Refuse Collection Furniture & Equipment Refreshments Children's Materials & Activities Other Consumables Other Staff Costs Training and DBS Specialist Funding Spending Depreciation - Building Sub - Total Management & Administration Audit and Bookkeeping Fees Consultants NNDR Utilities - Gas, Electric, Water and Telephone Insurance Licences/Permits Bank Charges Office Supplies IT Costs Sub - Total TOTAL RESOURCES EXPENDED Net Incoming Resources/(Resources Expended) before Transfers Revaluation of Fixed assets Net Movement in Funds Funds at 1 September 2023 Funds at 31 August 2024	Unrestricted Restricted Endowment Total Total Funds Funds Funds 2024 2023 £ £ £ £ £ 3,424.40 3,424.40 4,437.63 15,468.82 15,468.82 13,051.12 448,323.71 448,323.71 353,529.74 20,383.25 20,383.25 31,009.50 72,357.26 72,357.26 60,859.49 0.00 0.00 13,246.00 2,361.37 2,361.37 911.00 4,119.09 4,119.09 3,457.44
	566,437.90 0.00 0.00 566,437.90 480,501.92

	1,337.03 1,337.03 2,324.12
	496,641.21 496,641.21 467,567.25 4,281.60 4,281.60 4,623.20 4,262.60 4,262.60 5,973.83 1,986.43 1,986.43 1,816.62 935.06 935.06 843.29 4,235.47 4,235.47 5,765.26 2,119.65 2,119.65 2,842.86 2,571.34 2,571.34 2,183.91 415.44 415.44 2,751.29 2,322.33 2,322.33 2,091.26 4,929.82 4,929.82 5,129.66 0.00 13,333.33 13,333.33 13,333.33
	524,700.95 0.00 13,333.33 538,034.28 514,921.76
	850.00 850.00 600.00 1,325.00 1,325.00 0.00 1,816.40 1,816.40 2,188.20 17,316.05 17,316.05 14,641.53 5,985.40 5,985.40 4,675.45 393.96 393.96 550.70 106.43 106.43 84.00 3,036.98 3,036.98 3,669.02 1,700.32 1,700.32 1,125.11
	32,530.54 0.00 0.00 32,530.54 27,534.01

	558,568.52 0.00 13,333.33 571,901.85 544,779.89
	7,869.38 (0.00) (13,333.33) (5,463.95) (64,277.97) 0.00 0.00 0.00 0.00 0.00
	7,869.38 (0.00) (13,333.33) (5,463.95) (64,277.97) 162,986.75 0.00 658,782.07 821,768.82 886,046.79
	170,856.13 0.00 645,448.74 816,304.87 821,768.82

Page 3

MAPLE GROVE COMMUNITY GROUP

Balance Sheet as at 31 August 2024

Fixed Assets Tangible Assets Building Current Assets Cash at Bank Cash in Hand Deposit Notice Account Short-Term Investment Debtors Payments in Advance Current Liabilities Creditors Accounts in Credit Receipts in Advance Total Assets less Current Liabilities Funds Unrestricted Funds General Funds - Undesignated Restricted Funds Building Fund Capital Funds New Building - Endowment Total Funds	£ 271,756.77 730.99 0.00 0.00 0.00 552.00 3,604.40 14,212.87 84,366.36	2024 £ 645,448.74 273,039.76 102,183.63 816,304.87 170,856.13 0.00 645,448.74 816,304.87	£ 61,413.21 1,118.66 54,971.74 101,835.62 823.76 414.00 3,842.90 10,359.47 43,387.87	2023 £ 658,782.07 220,576.99 57,590.24
				821,768.82
				162,986.75 0.00 658,782.07
				821,768.82

Page 4

MAPLE GROVE COMMUNITY GROUP

Notes to the Accounts for the year to 31 August 2024

1. Accounting Policies

General

These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.

Depreciation

Depreciation is provided on the Pre-School building at the following rates based on the estimated useful life of these fixed assets and their anticipated residual value:

Pre-School Building

60 Years - Straight Line basis

No depreciation is charged in the year of acquisition.

2. Fixed Assets

Used by the charity Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for year Net Book Value At 31 August 2024 At 31 August 2023	Freehold Building Total £ £ 800,000.00 800,000.00 0.00 0.00
	800,000.00 800,000.00 141,217.93 141,217.93 13,333.33 13,333.33
	154,551.26 154,551.26
	645,448.74 645,448.74
	658,782.07 658,782.07

The above values relate to the building only. The land the building is sited on is owned by Cambridgeshire County Council and is leased to the Charity on a 'long lease' at peppercorn rent.

3. Unrestricted Fund

The General fund represents the free funds of the charity which are not designated for particular purposes.

4. Restricted Fund

The Restricted fund was established to receive grant monies from the Community Fund Lottery relating to the new building together with the associated costs. This has now been completed and there are now no funds classified as restricted.

5. Permanent Endowment Funds

The transactions within the Endowment Funds category relate to the original building and equipping of the new Pre-School building which was funded by Community Fund Lottery Grant. The extension and provision of additional classrooms, completed during 2016/17, has been funded by Cambridgeshire County Council together with a contribution of £55,000 by MGCG.

The balance on these funds represents the net book value of the original building and the extension and is not available for any other purpose. The value of the building has been included at insurance value pending a formal valuation.

Page 5

6. Movement in Funds

t in Funds
Balance 1 September 2023 Incoming Resources Outgoing Resources Revaluations Balance 31 August 2024 s by Funds Fixed Assets Current Assets Current Liabilities	General Restricted Endowment Fund Fund Fund Total £ £ £ £ 162,986.75 0.00 658,782.07 821,768.82 566,437.90 0.00 0.00 566,437.90 (558,568.52) (0.00) (13,333.33) (571,901.85) 0.00 0.00 0.00 0.00
	170,856.13 0.00 645,448.74 816,304.87
	General Restricted Endowment Fund Fund Fund Total £ £ £ £ 0.00 0.00 645,448.74 645,448.74 273,039.76 0.00 0.00 273,039.76 (102,183.63) 0.00 0.00 (102,183.63)
	170,856.13 0.00 645,448.74 816,304.87

7. Net Assets by Funds

Page 6

Independent Examiner's Report to the Trustees of The Maple Grove Community Group

I report on the accounts of the Trust for the year ended 31 August 2024, which are set out on pages 3 to 6.

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 :

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the 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 you as 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:

(1) which gives me reasonable cause to believe that in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed :

Name : Mark Saunders B.Sc (Hons)

Address : 7 Tribune Close Chatteris Cambs PE16 6UY Date : 28 November 2024

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