REGISTERED CHARITY NUMBER: 1052384
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
SOUTH CAVE KIDS CLUB
Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
SOUTH CAVE KIDS CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
SOUTH CAVE KIDS CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's principle activity continues to be that of providing the necessary facilities for the daily care, recreation and education of childcare during out of school hours and holidays; the charity has been mindful of the Public Benefit requirements as set out by the Charity Commission when setting their objectives..
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This has been another year of significant change for the committee of the club with three members resigning and one new member joining. The current team are confident that they can govern the club adequately until further new members are recruited.
FINANCIAL REVIEW Reserves policy
It is the policy of the society to:
a. maintain liquid unrestricted funds, which are free reserves of the society, at a level sufficient to cover the costs for a period of at least three months.
b. maintain additional reserves, which are free or restricted reserves of the society, at a level sufficient to cover the current and future needs for maintaining and replacing the charities building.
The charity now has £103,240 (£111,046 : 2020) in total funds including the value of the building. There was £33,947 in the bank as compared to £45,142 in the previous year. There was also £2,559 (£1,486 : 2020) held in cash accounts.
The reserves policy of the club states that the club must retain enough unrestricted liquid funds to cover 3 months operating costs (estimated £19,000), and also build up additional reserves to eventually replace the building when it comes to the end of its useful life. It is the opinion of the committee that these objectives are being met.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is constituted by a Trust Deed dated 13th March 1995.
Recruitment and appointment of new trustees
Appointment of trustees is governed by the Trust Deed of the Charity and the Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1052384
Principal address
South Cave C E Primary School Church Street South Cave East Yorkshire HU15 2EP
Page 1
SOUTH CAVE KIDS CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Trustees
W Peers S Langton Chair M Parker Secretary
Independent Examiner
T M Rackham FCCA Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
Bankers
HSBC 79 Market Place South Cave East Yorkshire HU15 2AS
Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by:
S Langton - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH CAVE KIDS CLUB
Independent examiner's report to the trustees of South Cave Kids Club
I report to the charity trustees on my examination of the accounts of South Cave Kids Club (the Trust) for the year ended 31 August 2021.
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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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; or
-
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.
T M Rackham FCCA Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
30 June 2022
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SOUTH CAVE KIDS CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 13,706 Charitable activities 4 Charitable Activity Income 103,823 Investment income 3 7 Total 117,536 EXPENDITURE ON Charitable activities 5 Charitable Activity Costs 119,624 Charity support costs 795 Total 120,419 NET INCOME/(EXPENDITURE) (2,883) Transfers between funds 15 (1,441) Net movement in funds (4,324) RECONCILIATION OF FUNDS Total funds brought forward 14,026 TOTAL FUNDS CARRIED FORWARD 9,702 |
Restricted funds £ - 33,727 - 33,727 38,650 - 38,650 (4,923) 1,441 (3,482) 97,020 93,538 |
2021 Total funds £ 13,706 137,550 7 151,263 158,274 795 159,069 (7,806) - (7,806) 111,046 103,240 |
2020 Total funds £ - 143,134 130 143,264 156,482 758 157,240 (13,976) - (13,976) 125,022 111,046 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
SOUTH CAVE KIDS CLUB
BALANCE SHEET 31 AUGUST 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 1,103 CURRENT ASSETS Debtors 11 6,578 Cash at bank and in hand 36,505 43,083 CREDITORS Amounts falling due within one year 12 (7,484) NET CURRENT ASSETS 35,599 TOTAL ASSETS LESS CURRENT LIABILITIES 36,702 CREDITORS Amounts falling due after more than one year 13 (27,000) NET ASSETS 9,702 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 93,538 - - - - - 93,538 - 93,538 |
2021 Total funds £ 94,641 6,578 36,505 43,083 (7,484) 35,599 130,240 (27,000) 103,240 9,702 93,538 103,240 |
2020 Total funds £ 98,317 7,163 46,626 53,789 (11,060) 42,729 141,046 (30,000) 111,046 14,026 97,020 111,046 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:
S Langton - Trustee
The notes form part of these financial statements
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
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 restricted 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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Grants Voluntary income and donations are accounted for as received by the charity. Grants received, included in the above, are as follows: ERYC Additional Restrictions Grant ERYC Discretionary Restart Grant BBL Business Interuption Payment |
2021 £ 13,706 2021 £ 10,956 2,000 750 13,706 |
2020 £ - |
|---|---|---|
| 2020 £ - - - |
||
| - |
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continued...
SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
3. INVESTMENT INCOME
| Interest received 4. INCOME FROM CHARITABLE ACTIVITIES Activity Parent fees Charitable Activity Income Government grants Charitable Activity Income Insurance claims Charitable Activity Income 5. CHARITABLE ACTIVITIES COSTS Charitable Activity Costs Charity support costs |
Direct Costs £ 158,274 - 158,274 |
2021 £ 7 2021 £ 103,823 33,727 - 137,550 Support costs (see note 6) £ - 795 795 |
2020 £ 130 2020 £ 109,752 30,882 2,500 |
|---|---|---|---|
| 143,134 | |||
| Totals £ 158,274 795 |
|||
| 159,069 |
6. SUPPORT COSTS
Charity support costs
Governance costs £ 795
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
9.
| Administration Non - Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable Activity Income 112,252 Investment income 130 Total 112,382 EXPENDITURE ON Charitable activities Charitable Activity Costs 120,494 Charity support costs 758 Total 121,252 NET INCOME/(EXPENDITURE) (8,870) Transfers between funds (28,576) Net movement in funds (37,446) RECONCILIATION OF FUNDS Total funds brought forward 51,472 TOTAL FUNDS CARRIED FORWARD 14,026 |
2021 1 11 12 Restricted funds £ 30,882 - 30,882 35,988 - 35,988 (5,106) 28,576 23,470 73,550 97,020 |
2020 1 11 12 Total funds £ 143,134 130 143,264 156,482 758 157,240 (13,976) - (13,976) 125,022 111,046 |
|---|---|---|
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
10. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| COST At 1 September 2020 Additions At 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 |
New Building £ 138,225 1,441 139,666 41,205 4,923 46,128 93,538 97,020 |
Fixtures and fittings £ 11,550 - 11,550 10,253 194 10,447 1,103 1,297 |
Computer equipment £ 1,023 - 1,023 1,023 - 1,023 - - |
Totals £ 150,798 1,441 |
| 152,239 | ||||
| 52,481 5,117 |
||||
| 57,598 | ||||
| 94,641 | ||||
| 98,317 |
Items costing below £250 individually are not usually capitalised. An annual impairment review is carried out to ensure that all fixed assets still have a useful life.
Capital grants received are credited to a restricted fund against against which the depreciation of the relevant asset will be charged.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments |
2021 £ 5,765 813 6,578 |
2020 £ 6,393 770 |
|---|---|---|
| 7,163 |
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 £ Bank loans and overdrafts (see note 14) 3,000 Trade creditors (70) Taxation and social security 624 Other creditors 3,930 7,484 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Bank loans (see note 14) 27,000 14. LOANS An analysis of the maturity of loans is given below: 2021 £ Amounts falling due within one year on demand: Bank loans 3,000 Amounts falling between one and two years: Bank loans - 1-2 years 3,000 Amounts falling due between two and five years: Bank loans - 2-5 years 9,000 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 15,000 15. MOVEMENT IN FUNDS Net Transfers movement between At 1.9.20 in funds funds £ £ £ Unrestricted funds General fund 12,728 (2,688) (1,441) Unrestricted equipment 1,298 (195) - 14,026 (2,883) (1,441) Restricted funds New Build Fund 97,020 (4,923) 1,441 TOTAL FUNDS 111,046 (7,806) - |
2020 £ - (215) 1,152 10,123 11,060 2020 £ 30,000 2020 £ - - 30,000 - At 31.8.21 £ 8,599 1,103 9,702 93,538 103,240 |
|---|---|
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Unrestricted equipment Restricted funds New Build Fund Coronavirus Job Retention Scheme TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Unrestricted equipment Restricted funds New Build Fund TOTAL FUNDS |
At 1.9.19 £ 49,779 1,693 51,472 73,550 125,022 |
Incoming resources £ 117,536 - 117,536 - 33,727 33,727 151,263 Net movement in funds £ (8,475) (395) (8,870) (5,106) (13,976) |
Resources Movement expended in funds £ £ (120,224) (2,688) (195) (195) (120,419) (2,883) (4,923) (4,923) (33,727) - (38,650) (4,923) (159,069) (7,806) Transfers between At funds 31.8.20 £ £ (28,576) 12,728 - 1,298 (28,576) 14,026 28,576 97,020 - 111,046 |
|---|---|---|---|
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Unrestricted equipment Restricted funds New Build Fund Coronavirus Job Retention Scheme TOTAL FUNDS |
Incoming resources £ 112,382 - 112,382 - 30,882 30,882 143,264 |
Resources Movemen expended in funds £ £ (120,857) (8,475 (395) (395 (121,252) (8,870 (5,106) (5,106 (30,882) - (35,988) (5,106 (157,240) (13,976 |
Resources Movemen expended in funds £ £ (120,857) (8,475 (395) (395 (121,252) (8,870 (5,106) (5,106 (30,882) - (35,988) (5,106 (157,240) (13,976 |
|---|---|---|---|
| (8,870 (5,106 - |
|||
| (5,106 | |||
| (13,976 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Unrestricted equipment Restricted funds New Build Fund TOTAL FUNDS |
At 1.9.19 £ 49,779 1,693 51,472 73,550 125,022 |
Net movement in funds £ (11,163) (590) (11,753) (10,029) (21,782) |
Transfers between funds £ (30,017) - (30,017) 30,017 - |
At 31.8.21 £ 8,599 1,103 |
|---|---|---|---|---|
| 9,702 93,538 |
||||
| 103,240 |
continued...
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SOUTH CAVE KIDS CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Unrestricted equipment Restricted funds New Build Fund Coronavirus Job Retention Scheme TOTAL FUNDS |
Incoming resources £ 229,918 - 229,918 - 64,609 64,609 294,527 |
Resources Movement expended in funds £ £ (241,081) (11,163) (590) (590) (241,671) (11,753) (10,029) (10,029) (64,609) - (74,638) (10,029) (316,309) (21,782) |
|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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SOUTH CAVE KIDS CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME AND ENDOWMENTS Donations and legacies Grants Investment income Interest received Charitable activities Parent fees Government grants Insurance claims Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rent,cleaning and maintenance Equipment/toys/craft PSA Bookkeeping & payroll costs Repairs and Renewals Training and Other Staff Costs Mileage and travel costs Sundry expenses Insurance Telephone Food Costs Holiday club Depreciation Bank loan interest HMRC late payment interest Support costs Governance costs Independent examiner's fee Total resources expended Net expenditure |
2021 £ 13,706 7 103,823 33,727 - 137,550 151,263 119,136 3,103 11,663 2,527 432 1,215 647 255 113 5,143 770 890 4,963 1,549 5,118 750 - 158,274 795 159,069 (7,806) |
2020 £ - 130 109,752 30,882 2,500 143,134 143,264 124,892 3,070 1,429 2,351 344 669 1,536 300 214 5,393 806 921 4,702 4,354 5,501 - 2 156,484 756 157,240 (13,976) |
|---|---|---|
This page does not form part of the statutory financial statements
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