Registered Charity Number : 1052273 ## **WESTOVER LITTLE STARS** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page 1 of 9 ## **WESTOVER LITTLE STARS** ## **LEGAL AND ADMINISTRATIVE INFORMATION** FOR THE YEAR ENDED 31 AUGUST 2024 **Trustees Charity Number Registered Office** Jenna Salter Ludmila Slapina Amy Dean Charlotte Turner Sarah Perrett 1052273 14 Devonshire Way BRIDGWATER TA6 4GE Page 2 of 9 ## **WESTOVER LITTLE STARS** ## **CONTENTS** FOR THE YEAR ENDED 31 AUGUST 2024 Trustees' Report Receipts and Payments Statement of Assets and Liabilities Notes to the Financial Statements Page 3 of 9 ## **WESTOVER LITTLE STARS** ## **TRUSTEES' REPORT** ## FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report and financial statements for the year ended 31 August 2024 . This report was approved by the trustee and signed on its behalf by: ---------------------------------------------------Jenna Salter Trustee Date : 12 May 2025 Page 4 of 9 ## **WESTOVER LITTLE STARS** ## **RECEIPTS AND PAYMENTS** FOR THE YEAR ENDED 31 AUGUST 2024 |**Categories**
**Unrestricted**
**funds**
**Receipts**
Fee income
-
KCC Fees
129,627.55
Other
-
Sub total(Gross income for
AR)
129,627.55
**Total receipts**
129,627.55
**Payments**
Wages and salaries
-
Printing and stationery
412.65
Bank charges
68.33
Staff costs
128.22
Legal/professional fees
3,749.09
Wages and salaries
94,643.34
Rent collection, property
repairs and maintenance
charges
4,136.42
Donations
8.00
Other Expenditure
11,354.27
Insurance
1,525.73
Sub total
116,026.05
**Total Payments**
116,026.05
Net of receipts/(payments)
13,601.50
Cash funds last year end
69,625.00
**Cash funds this year end**
83,226.50|**Restricted**
**funds**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Endowment**
**funds**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
-
129,627.55
-
129,627.55
129,627.55
-
412.65
68.33
128.22
3,749.09
94,643.34
4,136.42
8.00
11,354.27
1,525.73
116,026.05
116,026.05
13,601.50
69,625.00
83,226.50|**Last year**
14,917.67
115,513.21
173.87
130,604.75| |---|---|---|---|---| |||||130,604.75| |||||86,006.43
2,336.49
58.30
5,104.97
180.88
-
10,020.58
50.00
7,662.37
5,539.73
116,959.75| |||||116,959.75| |||||13,645.00| |||||13,645.00| Page 5 of 9 ## **WESTOVER LITTLE STARS** ## **STATEMENT OF ASSETS AND LIABILITIES** FOR THE YEAR ENDED 31 AUGUST 2024 |**Categories**|**Details**|**Unrestricted funds**|**Restricted income**
**funds**|**Endowment**
**funds**| |---|---|---|---|---| |**Cash**||||| |**funds**||||| ||Cash at bank and in
hand|(3,253.53)|-|-| ||Total Cash Funds|(3,253.53)|-|-| ||Details|Fund to which asset
belongs|Cost (optional)|Current value
(optional)| |**Liabilities**||||| ||Accountancy fees
payable|Unrestricted Funds|(360.00)|| ||Taxes payable|Unrestricted Funds|(6,361.70)|| The financial statements were approved by the Board on 12-May-2025 and signed on its behalf by: Jenna Salter Board of Trustees Page 6 of 9 ## **WESTOVER LITTLE STARS** ## **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2024 ## **1. Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.1 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.2 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2. Income from Donations and Legacies** |**Analysis**
Fee income
KCC Fees
Other|**Unrestricted funds**
**£**
-
129,627.55
-
**129,627.55**|**Total funds 2024**
**£**
-
129,627.55
-
**129,627.55**|**Total funds 2023**
**£**
14,917.67
115,513.21
173.87| |---|---|---|---| ||||**130,604.75**| ## **3. Expenditure on Raising Funds** |**Analysis**
**Total**
Rent collection, property repairs and
maintenance charges
Support Costs|**funds 2024**
**Total**
**£**
4,136.42
1,033.30
**5,169.72**|**funds 2023**
**£**
10,020.58
49,493.81| |---|---|---| |||**59,514.39**| ## **4. Expenditure on Charitable Activities** |**Analysis**
**Total**
Bank charges
Legal/professional fees
Wages and salaries
Support Costs|**funds 2024**
**Total**
**£**
68.33
3,749.09
94,643.34
1,033.30
**99,494.06**|**funds 2023**
**£**
58.30
180.88
-
49,493.81| |---|---|---| |||**49,732.99**| Page 7 of 9 ## **5. Support Costs** |**Analysis**
Wages and salaries
Printing and stationery
Staff costs
Insurance
**. Other Expenditure**
**Analysis**
**Unrestricted funds**
**£**
Donations
8.00
Other
Expenditure
11,354.27
**11,362.27**
**. Cash at bank and in hand**
Cash at bank and in hand
**. Creditors: Amounts falling due**
Accountancy fees payable
Taxes payable|**Total funds 2024**
**£**
-
412.65
128.22
1,525.73
**2,066.60**
**Total funds 2024**
**£**
8.00
11,354.27
**11,362.27**
**Total funds 2024**
**£**
(3,253.53)
**(3,253.53)**
**within one year**
**Total funds 2024**
**£**
(360.00)
(6,361.70)
**(6,721.70)**|**Total**
**Total**|**funds 2023**
**£**
86,006.43
2,336.49
5,104.97
5,539.73| |---|---|---|---| ||||**98,987.62**| ||||**funds 2023**
**£**
50.00
7,662.37| ||||**7,712.37**| |||**Total funds 2023**
**£**
-
**-**
**Total funds 2023**
**£**
(184.45)
-
**(184.45)**|| ||||**(184.45)**| ## **6. Other Expenditure** ## **7. Cash at bank and in hand** ## **8. Creditors: Amounts falling due within one year** ## **9. Charity funds** ## **9.1 Details of material funds held and movements during the CURRENT reporting period** |**Fund names**
**Unrestricted**
**funds**
**Total**
**9.2 Details of**
**period**
**Fund names**
**Unrestricted**
**funds**|**Fund balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains**
**and**
**losses**
**£**
**£**
**£**
**£**
**£**
**56,164.45**
**129,627.55**
**116,026.05**
**-**
**-**
**56,164.45**
**129,627.55**
**116,026.05**
**-**
**-**
**material funds held and movements during the PREVIOUS**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---| |||**69,765.95**| |||**69,765.95**| |||**reporting**
**Fund**
**balances**
**carried**
**forward**
**£**| Page 8 of 9 |**55,980.00**
**130,604.75**
**Total**
**55,980.00**
**130,604.75**
**9.3 Transfers between funds**
**This Year**
Between unrestricted and restricted funds
Between endowment and restricted funds
Between endowment and unrestricted funds
**Last Year**
Between unrestricted and restricted funds
Between endowment and restricted funds
Between endowment and unrestricted funds|**116,959.75**
**116,959.75**|**- **
**- **|**(13,460.55)**
**(13,460.55)**|**56,164.45**
**56,164.45**
**Amount**
**£**
-
-
-
**Amount**
**£**
-
-
-| |---|---|---|---|---| Page 9 of 9