2022-08-31-accounts - Cotgrave Kids Club

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REGISTERED CHARITY NUMBER: 1047454

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 FOR COTGRAVE KIDS CLUB

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

	Page
Charity Information	1
Report of the Trustees	2
Independent Examiner’s Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 to 9
Detailed Statement of Financial Activities	10

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

CHARITY INFORMATION

Charity Name:	Cotgrave Kids Club
Charity Number :	1047454
Charity’s Principal Address:	Cotgrave Kids Club
	Candleby Lane School
	Candleby Lane
	Cotgrave
	Nottingham
	NG12 3JG
Accountants:	Fouette Accountancy Solutions Limited
	White Rose House
	5 Walnut Grove
	Cotgrave
	Nottingham
	NG12 3AU
Registered Office Address:	As above
Trustees:	Miss Claire Morgan
	Mrs Julie Hallcro
	Mr Neil Robinson

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

REPORT OF THE TRUSTEES

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by its constitution adopted on the 20[th] October 1994 as amended on the 6[th] April 1995 and on the 4[th] February 2002. Trustees are proposed by the parents prior to the AGM then selected by the committee at the AGM.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Policies and procedures with regard to health and safety, hygiene, staffing requirements, educational activities and finance are reviewed annually. There are also regular visits by council officials and OFFSTED.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to provide the necessary activities for the daily care, recreation and education of children during out of school hours and school holidays, and also to advance the education and training of the individuals involved in the provision of such care, education and recreational activities.

In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity has continued to provide the facilities in accordance with its objectives during the year.

FINANCIAL REVIEW

The charity had an excess of income over expenditure for the year of £7,547 (2021: £22,174 expenses over income). Reserves at the balance sheet date were £90,916 (2021: £83,369).

The charity has no investments although surplus funds are reviewed regularly in order to gain maximum rates of interest.

ON BEHALF OF THE BOARD:

............................................. C Morgan - Chair

Date:

17 May 2023

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

COTGRAVE KIDS CLUB

I report on the accounts for the year ended 31 August 2022 set out on pages four to nine.

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 of the Charities Act 2011 (the Charities Act) and that an independent examination is required.

It is my responsibility to:

Examine the accounts under section 145 of the Charities Act
Follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act; and
State whether particular matters have come to my attention.

Basis of the 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 explanation 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 Charities Act; and
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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.

K Seagrave FCA

Fouette Accountancy Solutions Limited

White Rose House, 5 Walnut Grove, Cotgrave, Nottingham, NG12 3AU

Date: 17 May 2023

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

STATEMENT OF FINANCIAL ACTIVITIES

		2022	2021
		Unrestricted Unrestricted
		Funds	Funds
	Notes	£	£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income		-	-
Activities for generating funds	2	-	-
Investment income	3	-	-
Incoming resources from charitable activities
Fee income		137,032	87,118
Total incoming resources		137,032	87,118
RESOURCES EXPENDED
Fundraising costs		-	-
Charitable activities
Direct costs and provision of charitable services		1,927	2,013
Food and refreshments		2,627	1,488
Staff costs	5	111,310	90,563
Premises costs		8,628	7,095
Governance costs		4,993	8,133
Total resources expended		129,485	109,292
		______	______
NET INCOMING / (OUTGOING) RESOURCES		7,547	(22,174)
RECONCILIATION OF FUNDS
Total funds brought forward		83,369	105,543
		_____	_____
TOTAL FUNDS CARRIED FORWARD		90,916	83,369

The notes form part of the financial statements

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

BALANCE SHEET

		2022	2021
		Unrestricted	Unrestricted
		funds	funds
	Notes	£	£
FIXED ASSETS
Fixtures, fittings & equipment	6	842	960
CURRENT ASSETS
Debtors	7	2,082	459
Cash at bank and in hand		90,889	85,525
		_____	_____
		92,971	85,984
CREDITORS
Amounts falling due within one year	8	(2,897)	(3,575)
		_____	_____
NET CURRENT ASSETS		90,074	82,409
TOTAL ASSETS LESS CURRENT LIABILITIES		90,916	83,369
		_____	_____
NET ASSETS		90,916	83,369
FUNDS
Unrestricted funds	9	90,916	83,369
TOTAL FUNDS		90,916	83,369

The financial statements were approved by the Board of Trustees on 17 May 2023 and signed on its behalf by:

......................................

C Morgan – Trustee

The notes form part of these financial statements

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the cost of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. ACTIVITIES FOR GENERATING FUNDS

	2022	2021
	£	£
Fundraising events	-	-

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED

3. INVESTMENT INCOME

INVESTMENT INCOME
	2022	2021
	£	£
Deposit account interest	-	-

4. TRUSTEES’ REMUNERATION AND BENEFITS

The chair of the trustees was not remunerated and received no other benefits in the year. One other trustee was remunerated £25,462 but did not receive any other benefits.

Trustees’ Expenses

There were no trustees’ expenses paid for the year ended 31 August 2022, nor for the year ended 31 August 2021.

5. STAFF COSTS

STAFF COSTS
	2022	2021
	£	£
Wages and salaries	115,269	119,476
Pension costs	1,509	1,484
Furlough grants	(5,468)	(30,397)
The average monthly number of employees	during the year was as follows:
	2022	2021
Charitable activities	9	10
Governance	1	1
	_____	_____
	10	11

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED

FIXED ASSETS	PLANT	LEASEHOLD IMP COMP EQUIP	LEASEHOLD IMP COMP EQUIP	TOTAL
Cost
At 1 September 2021	3,557	900	1,748	6,205
Additions	162	-	-	162
Disposals	-	-	-	-
	_____	____	_____	______
At 31 August 2022	3,719	900	1,748	6,367
	_____	____	_____	______
Depreciation
At 1 September 2021	2,635	862	1,748	5,245
Charge for the year	271	9	-	280
Eliminated in the year	-	-	-	-
	____	___	____	_____
At 31 August 2022	2,906	871	1,748	5,525
	____	___	____	_____
Net Book Value
At 1 September 2021	922	38	-	960
	_____	___	____	____
At 31 August 2022	813	29	-	842
	_____	___	____	____

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors	2022 2021 £ £ 2,082 459

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2022	2021
			£	£
	Trade creditors		459	1,543
	Taxation and social security		326	478
	Accruals		2,112	1,554
			_____	_____
			2,897	3,575
			_____	_____
9.	MOVEMENT IN FUNDS		Net
			movement
		At 01.09.21	in funds	At 31.08.22
		£	£	£
	Unrestricted funds
	General fund	83,369	7,547	90,916
	TOTAL FUNDS	83,369	7,547	90,916
	Net movement in funds, included in the above are as follows:
		Incoming	Resources Movement in
		resources	expended	funds
		£	£	£
	Unrestricted funds
	General fund	137,032	129,485	7,547
	TOTAL FUNDS

COTGRAVE KIDS CLUB FOR THE YEAR ENDED 31 AUGUST 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

INCOMING RESOURCES Voluntary income Grant income Activities for generating funds Fundraising events 2 Investment income Deposit account interest 3 Incoming resources from charitable activities Fee income Total incoming resources RESOURCES EXPENDED Charitable activities Fundraising costs Wages and staff costs Direct costs of provision of charitable services Food and refreshments Premises costs Governance costs Office costs Professional costs Total resources expended Net (expenditure)/income	2022 £ - - - 137,032 137,032 - 111,310 1,927 2,627 8,628 124,492 2,061 2,932 _ 4,993 ___ 129,485 7,547	2021 £ - - - 87,118 87,118 - 90,563 2,013 1,488 7,095 101,159 1,878 6,255 _ 8,133 ___ 109,292 (22,174)

This page does not form part of the statutory financial statements