Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Riverview Community Kindergarten CIC
Riverview Community Kindergarten CIC
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Report of the Accountants | 8 |
| Detailed Income and Expenditure Account | 9 |
Riverview Community Kindergarten CIC
Company Information for the Year Ended 31 March 2024
DIRECTORS:
REGISTERED OFFICE:
REGISTERED NUMBER:
ACCOUNTANTS:
Ms S Hutton Ms L Wilkinson
Teindland Close Benwell Newcastle upon Tyne Tyne and Wear NE4 8HE
08588100 (England and Wales)
Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne Tyne and Wear NE1 4BX
Page 1
Riverview Community Kindergarten CIC
Report of the Directors
for the Year Ended 31 March 2024
The directors present their report with the financial statements of the company for the year ended 31 March 2024.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of pre-school education for children aged between two and four years old.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.
Ms S Hutton
Ms L Wilkinson
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Linda Wilkinson (Jul 4, 2024 15:51 GMT+1)
Ms L Wilkinson - Director
Date: 04/07/2024
Page 2
Riverview Community Kindergarten CIC
Income Statement
for the Year Ended 31 March 2024
| TURNOVER Administrative expenses Other operating income OPERATING SURPLUS and SURPLUS BEFORE TAXATION Tax on surplus SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 157,938 168,254 (10,316) 19,966 9,650 1,834 7,816 |
2023 £ 133,355 140,617 (7,262) 18,165 10,903 2,072 8,831 |
|---|---|---|
The notes form part of these financial statements
Page 3
Riverview Community Kindergarten CIC (Registered number: 08588100)
Balance Sheet 31 March 2024
| Notes CURRENT ASSETS Debtors 4 Cash at bank CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 6 NET ASSETS RESERVES Income and expenditure account |
2024 £ 404 95,510 95,914 6,934 88,980 88,980 8,744 80,236 80,236 80,236 |
2023 £ 11,104 73,444 84,548 3,384 81,164 81,164 8,744 72,420 72,420 72,420 |
|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The notes form part of these financial statements
Page 4
continued...
Riverview Community Kindergarten CIC (Registered number: 08588100)
Balance Sheet - continued 31 March 2024
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on and were signed on its behalf by: 11/07/2024
eusan fttton
Ms S Hutton - Director
The notes form part of these financial statements
Page 5
Riverview Community Kindergarten CIC
Notes to the Financial Statements for the Year Ended 31 March 2024
1. STATUTORY INFORMATION
Riverview Community Kindergarten CIC is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 8 (2023 - 8).
Page 6
continued...
Riverview Community Kindergarten CIC
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors Amounts falling due in more than five years: Repayable otherwise than by instalments Other loans more 5yrs non-inst |
2024 £ 404 2024 £ 5,322 1,612 6,934 2024 £ 8,744 8,744 |
2023 £ 11,104 2023 £ 2,072 1,312 3,384 2023 £ 8,744 8,744 |
|
|---|---|---|---|
Page 7
Riverview Community Kindergarten CIC
Report of the Accountants to the Directors of Riverview Community Kindergarten CIC
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Lilian Hetherington (Jul 11, 2024 10:36 GMT+1)
Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne Tyne and Wear NE1 4BX
Date: 11/07/2024
This page does not form part of the statutory financial statements
Page 8
Riverview Community Kindergarten CIC
Detailed Income and Expenditure Account for the Year Ended 31 March 2024
| Grants Other income Childcare fees Sundry receipts Expenditure Directors' salaries Directors' social security Directors' pension contributions Wages Rent Cleaning costs Nursery expenditure Food costs Advertising Office costs Payroll costs Other staff costs Sundry expenses Accountancy Finance costs Bank charges NET SURPLUS |
2024 £ 9,373 10,593 43,792 3,533 939 79,095 7,000 5,183 9,535 4,924 714 6,864 1,170 2,246 1,585 1,417 |
£ 157,938 19,966 177,904 167,997 9,907 257 9,650 |
2023 £ 10,309 7,856 41,850 3,252 881 60,739 7,830 4,079 8,820 3,717 579 2,521 1,791 1,754 1,573 1,010 |
£ 133,355 18,165 151,520 140,396 11,124 221 10,903 |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9