Charity r8gistrntion number 1052384 (England and Wales) SOUTH CAVE KIDS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
SOUTH CAVE KIDS CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S Langton W Peers Charlty numbèr (England and Walas) 1052384 Prlnclpal-address- South Cave C &Primary School Church Street South Cave East Yorf(shlre HU15 2EP Indepond8nt examinor Trevor Rackham Rackham's Accountants Limlted 3 m6Itc Enterprise Park Redclliff Road Melton East Yorf(shire HU14 3RS
SOUTH CAVE KIDS CLUB CONTENTS Page Trustees, report Independent examiner's report statement of flnancial activities Balance sheet Notes to the financial stat@ments 6-13
SOUTH CAVE KIDS CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report and flrkgncial statements for the year ended 31 August 2024. The financi81 statements hav& been prepared in ac¢ord8nce wlth the accounting policie8 set out in note 1 to th8 financlal statements and comply with th& charity's constitutlon, the Charities Act 2011 and "Accounting and Reportlng by Charlties: Statement of Recommended Practice applicable to charltles preparing their accounts in accordance with-the Financial- F¥eportlng Tra-ndard-applicable in Ih8 UK- arid Republic of - Ireland- (FRS 102) (effeGtivg l January 2019). Objectlves and actlvltles The charfty's principle activity continues to be that of providing the nec8ssary facilitles for the dally care, re¢atIon and educatlon of childcare durlng out of school hours and holidays., the charity has been mlndful of the Public Benefit requirements as set out by the Chatltles Commission when seltlng their objective8. Public benefit The trustees have pald due regard to guidan i3sued by the Charity Commission in d6ciding what activities the charlty should undertake. Achievements and performance Significant actlvlties and achievements against obJgctiv8S The club continued to provide their OLrt of school hours childcare facillty to enable parenls to take up paid employment, both In term tlme and school holidays, Financial review It is the pollcy of the charfty to: a. maintain liquid unrestricted funds, whlch are free reserves of the soclely, at a level sufficient to Gover the costs for a period cf at least threa months. b. maintain additional reserves, whlch are free or restricted reserves of the charity, at a level 8Lfficient to cover Ihe current and future needs for maintaining and replacing th@ charities buildlng. The charlty now has £81,179 (£88,220 2023) in total funds including the V81u8 of the building. There was £17A81 in the bank as compared to £19,755 in the prevlous year. There was also £1,0631£1,275 2023) held in Ga8h accounts. Reserne8 pollcy It is the pcllcy of the charlty that unrestricted funds which hav6 not been designated for a specific use should be malntained at a level equivalent to three month's expenditure. The trustees consider that reserves at this level will ensure thal. In lh8 event of 8 signtficant drop in fundlng, they wlll be able to contlnue the charity's current activities whlle consideration Is given to ways In whlch additional funds may b& raised. This level-of reserves has been maintained throughoul the year. Structure, govemance and management The charily Is constituted by a Trust Deed datsd 13th March 1995. The trustees who served durlng the year and up to the dats of slgnature of the financial statements were.. Mr S Langton W Peers ReGniltment and appointment of tnJ8tegs Appointmerrt of trust888 is govem8d by tha Tnjst Deed of the charlly and the Board of the Trustees is authorised to appolnt new trustees to fill vacancies arising through reslgnatlon or death of an existing trustee.
SOUTH CAVE KIDS CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 s, reporl was approved by the Board of Trust88S. ee 30 June 2025
SOUTH CAVE KIDS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH CAVE KIDS CLUB I report to the trustees on my examinatlon of thg financial statements of South Cave Kid8 Club {the charfty) for the year 8ndod 31 August 2024. Responslbilltles and basls of report J)onslble for the prep_ardtlon of the financlal statements In accordance wllh As th8 trustees of the chari_ty y_ou are ros the r6qulrements ofthe Charitles Act 2011. I report in resp6Ct of my examlnallon of th8 charity's financial statements carrled out under secllon 145 of the Charlties Act 2011. In carrying out my examinatlon I have followed the Dlrections giv8n by the Charity Commission under sectlon 145{5>(b) ofthe Charlties Act 2011. Indep8nd8nt examiner's statement Your attentlon Is drawn to the fact that the Gharlty has prepared th6 financial stai8m6nls in accordance wlih the relevant varsion of the Statement of Recommended Practice applicable to Charities preparfng their financlal slat8m8nts in accordance with the Financlal Reporting Standard applicable In tha UK and Republic of Ireland (FRS 102) in preference to the Accountlng and R8porting by Charities: Stat8rllent of Recommended Practice issued on 1 April 2005 which 18 r8f8rred to in the extant regulations but has now been withdrawn. l und91Etand that this has been done in order for the financial statements to provlde a trua and fair view in accordance wlth UK Generally Accepl8d Accounting Practice. I have completed my examinatlon. I conllrm that no mauers have come to my attention In connection wlth the axamination givlng me cause to b8li8V8 Ihal in any material respect.. accounting records were not Ifept In respect of the charlty as requlred by section 130 of the Charilies Act 2011. the financial statements do not accord with thos8 records. or the financial slatem8nts do not comply wilh the applicable requirements conceming the form and content of financlal statements set out in the Charfties (Accounts and Reports) Regulations 2008 other than any requlrem8nt that th8 financial statem8nls give a tru8 and fair view, which 15 not a matter wnsidered as part of an independent exarrtinatlon. I have no wncarns and have come acros8 no other matt&rs in connection wtth the examinaffjon to whlch attention should b8 drawn in thls report in order to onable a proper understandlng of thg financEal stalem8nls to b8 r8ached. Trevor Rackham Rackham's Accountants Llmlled 3 Melton EnterIse Park Redcliff Road Melton East Yorkshlre HU14 3RS 30 June 2025
SOUTH CAVE KIDS CLUB STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlctsd funds funds 2023 2023 Total 2024 2023 Not88 Income from: Charttable activities Inv&stments 1e7,115 53 167,115 53 133,432 12 133,432 12 Total Income 167,188 167.168 133,444 133,444 Charitable activilies 184.977 4.231 169,208 141,816 4,450 146,266 Net Incomel(expendlture) and movement in funds 2.191 (4.231) (2,040) (8,372} (4,450) 112.822> Reconclllatlon of funds: Fund balan8 at 1 Septemb8r 2023 (1,188) 84,408 83.220 7,184 88,858 96,042 Fund balanc88 at 31 August 2D24 1.003 80.177 81.180 (1,188) 84,408 83.220 The statement of financial aclivilies includ88 811 gains and losses recogni88d in the year. All incom8 8nd exp8nditure derfve from contlnuing actlvltles.
SOUTH CAVE KIDS CLUB BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Notes Flxed assets Tangible assets 10 83,179 87,726 Current assets Debtors Cash at bank and in hand 11 8,192 18,543 5,439 21,030 26,735 26,469 Creditors: amounts falling due within one year 13 (9,346) (7,580) Net curront as88ts 17,389 18,889 Total assets less current Ilabllltles 100,of68 106,615 CredltOf6: amounts falling due after more than one year 14 (19,388) (23,3g5) Net a8S8ts 81,180 83,220 Tha funds of the charity Reslrf¢f Income funds Unrestrict8d funds 16 17 80,177 1,003 84,408 (1,1881 81,180 83,220 Thefin cial statements were apprcved by the trustees cn 30 June 2025 tcn
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies Charty informatlon SoLrth Cave Klds Club is an unincorporaled charlty reglstered In England and Wales. q.1 Accounting conv8ntlon The financial statements have been prepared In accord8nce with the charlly's govemlng document, th8 Charitie8Act 2011, FRS 102 The Financial Reporting Standard appllcable in the UK and Republic of Ireland and the Charlties SORP "Accounting and R8porting by Charities: Statement of Recommended Practic8 appllcable to charltles preparlng thelr accounts in accordance with the Financial Reportlng Standard applicable in the UK arx1 RepubliG of Ireland (FRS 102)" Th8 charity is a Public Benefit Entity as defined by FRS 102, The charlty has taken advantage of provisions in the SORP for chariti@s not to prepare a statement of cash llows. The financlal siatements have been prepared under th8 historical cost conv8ntion. The principal accounting pollcies adopted are set out below. 1.2 Golng concern At the tlme of approvlng the financial statements, the trustees have a reasonable expectaticn that the charity ha8 adequate re80urc88 to continue in op8rational existence for the forese8able future. Thus the tte&s conlinue to 8dopt the golng concem b8sSs of accounting in preparing the financial stalements. 1.3 Charitabl8 funds Unrestricted funds are avallabl8 for use at the di8cr&tion of the tmstee8 in furth8rance of their charitable oblecllves, Reslricted funds are Bubject to specific conditions by donors or gntOrS as to how they may b& u58d. The purposes and uses of the restrlcted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charfty is legally entitled to it after any performance condition8 have been m8t, the amounts can be measured reliably, and It Is probable that income will be recelved. Legacies are r8cognised on receipt C•r otherwlse If the charlty has been notified of an impending distribution, the amount is known, and receipt IS 8xpected. If the amount is not known, the legacy is treated as a contlngent asset. 1.6 Expendilure Expendlture Is recognlsed once there 18 a legal or constructive cbligation to transfer economic benefit to a third party, it 18 probable that a transfer of econom1¢ beneffts will be required in settlement, and the amount of the obligatlon can be measured reliably. Expenditure 18 classifi8d by activty. The costs of 8ach aGtivity are made up of the total of dIrt costs and shared costs, including support costs Involved In undertaking each activity. Direct costs attrlbutable to a slngle a1vitY are allocated dlrectly to that actlvlty. Shared costs whlch contrlbute lo more than onp activity and 8UPPOrt C08ts which are not attributable to a single activity are apportioned beiween thos8 activiti8s on a basis consistent with the use of resources. Central staff costs are allocated on the ba8is of time spent, and depreciation charges are allDGated on the portion of the asset's use.
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng polici68 (Continued) 1.6 Tangible fixed assets Tangible fixed assets are Inltlally measured at cost and subsequently mea8ur8d at cost or valuatlon, net of -d£pre£latlon_antsny fimpairment lo_ss&$_ Depreciatlon Is recognlsed so as to write off the cost er valu8tlon of assets less th6lr rasidual values over their usefvl Ilves on the following bases.. Freehold land and buildings Fixtures and fittlngs Computers 5% reducing balance 150/0 reduclng balance straight lin8 over 3 years The gain or108s ari8ing on the disw8al of an asset is detem)Ined as the difference between the sale proceed8 and the carying vaue of the asset, and Is recognlsed In1he statement of financial activilies. .7 Impalnnent of flxed assets At each reporting 8nd da18, the charity reviews the carrylng amounts of Its tanglble assets lo determine whether there Is any Indication that those assets have suffered an impairment loss. If any such IndatIon exists, the recoverabl8 amount of the asset IS 8Stim8t8d in order to determine Ihe extent of the impaimi8nt loss (Sf 8ny). 1.8 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposlts held at call wlth banks, other Short-ten liquid investments wlth orlginal maturitles of three months or less, and bank overdraft8. Bank overdrafts are shown wlthin borrowings in current liabilities. 1.9 Reljrement beneflts Payments to defined contribution r8tirement benefit schemes are charged as an expense as they fall due. Income from charltable actlvltles Unrestrlcted funds 2024 UnY88trlcted funds 2023 Charltable Income Parents, feas 167,115 133,432 Income from Investments Unrestrlcted Unrostrlcted funds funds 2024 2023 Interest recelvable 12
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on charltable actlvltles Charltable Charltable expendlture expendlture 2024 2023 Dlrect costs Staff costs Depreclatlon and Impairment Equlpment, tOy8, craft Food costs Hollday club Rates. electric etc 128,581 5,046 3,476 6,919 5,9C 3,748 107,374 5,120 1,702 6,834 4,949 4,451 k 11 Repairs and maintenance Insurance Telephone Postage and stationery Bank charges Other njnning costs and Ilcenses Payroll proc888ing Interest payable 2,807 977 6,985 910 822 483 60 4,057 952 705 436 60 7,843 1,101 628 168,290 145,384 Share of support and governance costs {see note 5) Gov@rnanGe 918 882 169,208 146,266 Analysi5 by fund Unrestrlcted funds Restrlcted funds 164,977 4,231 141,816 4,450 169.208 146,266 Support costs allocated to activities 2024 2023 Governance costs 918 882 Analysed between: Charltable expenditure 918 882
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Net movem8nt In funds 2024 2023 The net movement in funds13 stated after charglngl(crediting)'. Fees_payabl&for.the ind8pendenl examination Df the charity_'8_flnanciaL statements Depreciation of owned tarKJlble fix&d ass&ts 918 5,048 882 5,120 Trustees Non@ of the trustees (or any person8 connected wlth them) received any remuneratlon or benefits from tha charity during the year. Employees The avege monthly number of 8mploy6&8 during the year vras: 2024 Number 2023 Number Administration Non-admlnlstratlon 11 Total 12 11 Employment costs 2024 2023 Wages 8nd salarles Soclal securtty costs other penslon costs 125,542 104,932 300 2,142 2,131 128,137 107,374 There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempt from taxation on Its actlvltles because all its income is applléd for charitable purposes.
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Tanglble flxed assets Freehold land Flxture5 and and buildlngs flttlngs Computers T¢)tal At 1 September 2023 Addltlons 139,866 15,079 1,023 499 155,788 499 At 31 August 2024 139,666 15,079 1.522 156.267 D8pre¢latlon and Impalnnent At 1 Sept8mb8r 2023 Depreciation charg8d in the year 55,259 4,231 11,760 649 1,023 166 68,042 5,046 At 31 August 2024 59,490 12,409 1,189 73,088 Carrylng amount At 31 August 2024 80,176 2,e70 333 83,179 At 31 August 2023 84,407 3,319 87.726 11 Debtors 2024 2023 Amounts falllng due thIn one year. Trade debtors Other debtors Prepayments and accrued income 7.060 510 622 4.220 1,219 8,192 5,439 12 Loans and overdrafts 2024 2023 Bank loans 22,903 26,395 Payable wlthln one year Payable after one year 3,515 19,388 3,000 23,395 10-
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Credltors: amounts falllng dua within one year 2024 2023 NotOS -Bank_loanL other taxatlon and soclal securlty Other creditors Accruals and d8ferr8d Income -12_ - 3_,515 3,234 1,65 2,752 1,222 9,346 7,580 14 Credltors: amounts falllng due after more than one yèar 2024 2023 Notes Bank loans 12 19,388 23,395 15 Retlrement beneflt schemes 2024 2023 Defined contributlon schemes Charge to profrt or108s in respect of defined contribLrtion schemes 2,131 2,142 Th8 charily operates 8 d8fin8d contribution penslon scheme for all quallfylng employees. Th8 assets of the scheme are held separately from those of the charity in an independently adminislered fund. 16 Restricted funds The reslrtcted funds of the tharily comprise the unexpended balances of donatlons and grants hdd on tNst subject to spgcific conditions by donors as to how they may be used. At1 September 2023 Resources At 31 August expended 2024 New build fund 84,408 {4,231) 80,177 Prevlous year: Atl September 2022 Resources At 31 August expended 2023 New build fund 88,858 (4,450) 84.408 11
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Unrestricted funds The unr8strlcted funds of the charkty comprlse the unexpended balanc6s of donatlons and grants which 8re not subject to 8pecific condition8 by donors and grantors as fo how they may be used. These includa designated funds whlch have been set aslde out of unrestricted funds by the ttustees for specific purpos8S. At1 September 2023 Incomlng resources Résources expended Transfèrs At 31 August 2024 UnrestrFGled equipment General funds 3,320 (4,508) (816) (184,181) 499 (499) 3,003 (2.000) 167,168 (1,188) 187,168 {164,977) 1,003 Pr8vious year: Incomlng Resources r880urce8 expended Transfers At 31 August 2023 September 2022 Unrestrlcted equlpment General funds 3,641 3,543 (670) {141,148) 349 (349) 3,320 (4,508) 133,444 7,184 133.444 (141,816) (1,188) 18 Analy818 of net assets beiween funds Unr08trict8d funds 2024 R@strlcted funds 2024 Total 2024 At 31 August 2024: Tangible assets Current asset81(liabilitie81 Long term Ilabilities 3,002 17,389 {19,388) 80,177 83,179 17,389 (19,388) 1,003 80,177 81,180 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 August 2023: Tangible assets Current assetsl(liabllltles) Long lerm liabilities 3,318 18,889 {23,395) 84,408 87,728 18,889 (23,395) (1,188) 84,408 83,220 12-
SOUTH CAVE KIDS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Related party transactlons There were no dlsclos8ble related party transactions durlng the year (2023 - nona). 13-