**REGISTERED CHARITY NUMBER: 1052384** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ## **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 2022** |||**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 2022** The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 £96,042 (£103,240 : 2021) in total funds including the value of the building. There was £31,133 in the bank as compared to £33,947 in the previous year. There was also £1,842 (£2,558 : 2021) 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 2022** ## **Trustees** W Peers S Langton Chair M Parker Secretary (resigned 30.4.2022) ## **Independent Examiner** T M Rackham Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS ## **Bankers** HSBC 63 Market Place Beverley East Yorkshire HU17 8AL Approved by order of the board of trustees on 30 June 2023 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 2022. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS 30 June 2023 Page 3 **SOUTH CAVE KIDS CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
-
**Charitable activities**
4
Charitable Activity Income
145,711
Investment income
3
18
**Total**
145,729
**EXPENDITURE ON**
**Charitable activities**
5
Charitable Activity Costs
147,413
Charity support costs
834
**Total**
148,247
**NET INCOME/(EXPENDITURE)**
(2,518)
**RECONCILIATION OF FUNDS**
Total funds brought forward
9,702
**TOTAL FUNDS CARRIED FORWARD**
7,184|Restricted
funds
£
-
1,005
1
1,006
5,686
-
5,686
(4,680)
93,538
88,858|2022
Total
funds
£
-
146,716
19
146,735
153,099
834
153,933
(7,198)
103,240
96,042|2021
Total
funds
£
13,706
137,550
7
151,263
158,274
795
159,069
(7,806)
111,046
103,240| |---|---|---|---| The notes form part of these financial statements Page 4 **SOUTH CAVE KIDS CLUB** ## **BALANCE SHEET 31 AUGUST 2022** |Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
10
3,640
**CURRENT ASSETS**
Debtors
11
3,963
Cash at bank and in hand
32,974
36,937
**CREDITORS**
Amounts falling due within one year
12
(6,870)
**NET CURRENT ASSETS**
30,067
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
33,707
**CREDITORS**
Amounts falling due after more than one year
13
(26,523)
**NET ASSETS**
7,184
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
88,857
-
1
1
-
1
88,858
-
88,858|2022
Total
funds
£
92,497
3,963
32,975
36,938
(6,870)
30,068
122,565
(26,523)
96,042
7,184
88,858
96,042|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| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2023 and were signed on its behalf by: S Langton - Trustee The notes form part of these financial statements Page 5 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ## **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|2022
£
-
2022
£
-
-
-
-|2021
£
13,706| |---|---|---| |||2021
£
10,956
2,000
750| |||13,706| Page 6 continued... **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **3. INVESTMENT INCOME** |Interest received
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Parent fees
Charitable Activity Income
Government grants
Charitable Activity Income
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activity Costs
Charity support costs|Direct
Costs
£
153,099
-
153,099|2022
£
19
2022
£
145,711
1,005
146,716
Support
costs (see
note 6)
£
-
834
834|2021
£
7
2021
£
103,823
33,727| |---|---|---|---| ||||137,550| ||||Totals
£
153,099
834| ||||153,933| |**6.**|**SUPPORT COSTS**|| |---|---|---| |||Governance| |||costs| |||£| ||Charity support costs|834| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021. continued... Page 7 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **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**
Donations and legacies
13,706
**Charitable activities**
Charitable Activity Income
103,823
Investment income
7
**Total**
117,536
**EXPENDITURE ON**
**Charitable activities**
Charitable Activity Costs
119,624
Charity support costs
795
**Total**
120,419
**NET INCOME/(EXPENDITURE)**
(2,883)
**Transfers between funds**
(1,441)
**Net movement in funds**
(4,324)
**RECONCILIATION OF FUNDS**
Total funds brought forward
14,026
**TOTAL FUNDS CARRIED FORWARD**
9,702|2022
1
10
11
Restricted
funds
£
-
33,727
-
33,727
38,650
-
38,650
(4,923)
1,441
(3,482)
97,020
93,538|2021
1
11
12
Total
funds
£
13,706
137,550
7
151,263
158,274
795
159,069
(7,806)
-
(7,806)
111,046
103,240| |---|---|---| continued... Page 8 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **10. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---| |**COST**
At 1 September 2021
Additions
At 31 August 2022
**DEPRECIATION**
At 1 September 2021
Charge for year
At 31 August 2022
**NET BOOK VALUE**
At 31 August 2022
At 31 August 2021|New
Building
£
139,666
-
139,666
46,128
4,681
50,809
88,857
93,538|Fixtures
and
fittings
£
11,550
3,180
14,730
10,447
643
11,090
3,640
1,103|Computer
equipment
£
1,023
-
1,023
1,023
-
1,023
-
-|Totals
£
152,239
3,180| |||||155,419| |||||57,598
5,324| |||||62,922| |||||92,497| |||||94,641| 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|2022
£
3,872
91
3,963|2021
£
5,765
813| |---|---|---| |||6,578| continued... Page 9 **SOUTH CAVE KIDS CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |2022
£
Bank loans and overdrafts (see note 14)
3,000
Trade creditors
-
Taxation and social security
456
Other creditors
3,414
6,870
**13.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2022
£
Bank loans (see note 14)
26,523
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
2022
£
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
14,523
**15.**
**MOVEMENT IN FUNDS**
Net
Transfers
movement
between
At 1.9.21
in funds
funds
£
£
£
**Unrestricted funds**
General fund
8,599
(1,876)
(3,180)
Unrestricted equipment
1,103
(642)
3,180
9,702
(2,518)
-
**Restricted funds**
New Build Fund
93,538
(4,680)
-
**TOTAL FUNDS**
103,240
(7,198)
-|2021
£
3,000
(70)
624
3,930
7,484
2021
£
27,000
2021
£
3,000
3,000
9,000
15,000
At
31.8.22
£
3,543
3,641
7,184
88,858
96,042| |---|---| continued... Page 10 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **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 1.9.20
£
12,728
1,298
14,026
97,020
111,046|Incoming
resources
£
145,729
-
145,729
1
1,005
1,006
146,735
Net
movement
in funds
£
(2,688)
(195)
(2,883)
(4,923)
(7,806)|Resources
Movement
expended
in funds
£
£
(147,605)
(1,876)
(642)
(642)
(148,247)
(2,518)
(4,681)
(4,680)
(1,005)
-
(5,686)
(4,680)
(153,933)
(7,198)
Transfers
between
At
funds
31.8.21
£
£
(1,441)
8,599
-
1,103
(1,441)
9,702
1,441
93,538
-
103,240| |---|---|---|---| continued... Page 11 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **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
£
117,536
-
117,536
-
33,727
33,727
151,263|Resources
Movemen
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|Resources
Movemen
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| |---|---|---|---| ||||(2,883
(4,923
-| ||||(4,923| ||||(7,806| 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 1.9.20
£
12,728
1,298
14,026
97,020
111,046|Net
movement
in funds
£
(4,564)
(837)
(5,401)
(9,603)
(15,004)|Transfers
between
funds
£
(4,621)
3,180
(1,441)
1,441
-|At
31.8.22
£
3,543
3,641| |---|---|---|---|---| |||||7,184
88,858| |||||96,042| continued... Page 12 **SOUTH CAVE KIDS CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** ## **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
£
263,265
-
263,265
1
34,732
34,733
297,998|Resources
Movement
expended
in funds
£
£
(267,829)
(4,564)
(837)
(837)
(268,666)
(5,401)
(9,604)
(9,603)
(34,732)
-
(44,336)
(9,603)
(313,002)
(15,004)| |---|---|---| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2022. Page 13 **SOUTH CAVE KIDS CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
**Investment income**
Interest received
**Charitable activities**
Parent fees
Government grants
**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
Bank charges
Sundry expenses
Insurance
Telephone
Food Costs
Holiday club
Depreciation
Bank loan interest
**Support costs**
**Governance costs**
Independent examiner's fee
Total resources expended
**Net expenditure**|2022
£
-
19
145,711
1,005
146,716
146,735
117,942
3,042
4,056
2,597
233
939
-
834
-
50
5,231
831
825
5,866
4,586
5,323
744
153,099
834
153,933
(7,198)|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)| |---|---|---| This page does not form part of the statutory financial statements Page 14