Signature cover page Signed by: ## Helen Allanson ## Signing request Created: Description: Document owner: Original document name: Original document checksum: 15/05/2025, 10:45:08 2024 Accounts Egerton Out of School Club Limited EOOSC Ltd ye 31.08.2024 Accounts for Filing.pdf 163b76555f1f02ac878dbe3230d73297c5f49fef01dfb99883e697daacef09f3 (SHA-256) ## Signee Signed: Comment: Name as registered in practice management software: Name as provided by signee: E-mail address: IP Address: Browser user agent: ## 16/05/2025, 14:38:16 - Allanson, Helen Helen Allanson helenallanson@btinternet.com 217.41.52.18 Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/18.4 Safari/605.1.15 Powered by Engager.app. 35.2.1 / 35.2.4 **Charity registration number 1064696** **Company registration number 3325990 (England and Wales)** **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024** ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|H Allanson| |---|---| ||M Valli| ||J Garnsey| |**Charity number**|1064696| |**Company number**|3325990| |**Registered office**|Egerton Out of School Club Ltd| ||Cox Green Road| ||Egerton| ||Bolton| ||Lancashire| ||BL7 9RE| |**Independent examiner**|David Wood Wilson BA FCA| ||Hindle Jepson & Jennings Ltd| ||10 Borough Road| ||Darwen| ||Lancashire| ||BB3 1PL| |**Bankers**|The Co-Operative Bank - Skelmersdale| ||PO Box 250| ||Skelmerdale| ||Lancashire| ||England| ||WN8 6WT| |**Solicitors**|Winder Taylor Smith| ||139 Church Street| ||Horwich| ||Bolton| ||Lancashire| ||BL6 7BR| ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 15| **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ The Trustees present their annual report and financial statements for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s memorandum and articles of association incorporated 28 February 1997, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). ## **Objectives and activities** The setting was built from new in 1998, with the aid of a grant from the Lottery Fund. The Trustees are responsible for the overall direction of the company. The day to day operating is organised by a manager, appointed by the DirectorTrustees, supported by appropriately qualified senior and ancillary staff. The main activity of Egerton Out of School Club Limited is the provision of childcare in a safe, caring and stimulating environment throughout the year. Specifically through the main activities of registered child care for children from the local community that are; - aged 2 to 4 years, between the hours of 7:30am to 6:00pm, Monday to Friday, for 50 weeks of the year (closed between Christmas and New Year and bank holidays); and - aged 4 to 12 years, who are on roll at Egerton Community Primary School, between the hours of 7:30am to 6:00pm, Monday to Friday, term time only. ## _Public benefit_ The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ The Trustees are proud that our setting continues to provide a high-quality childcare service to our community with a core group of dedicated and highly skilled staff. Nursery numbers have continued to grow however, we have found cost of living pressures together with a change in parents’ working patterns have meant that out of school club numbers have remained largely static. In reviewing the various activities, the Trustees have taken the following decisions in 2023/24 to ensure that Egerton Out of School Club Limited remains successful and sustainable and continues to provide the “good” (Ofsted Inspection January 2020) quality services for the community it serves: - We continue to support staff development and training in order to have regular and familiar people caring for our children; we also continue to support and develop those children with additional and specific needs - Continued to constantly monitor, implement and review our operating model to ensure the setting remains viable and competitive - We continue to publicise and make it easy for parents to book ad hoc “last minute’ places for children - We are continuing to streamline financial reporting, and paperless parental documentation - 1 - ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **Financial review** The results for the year are set out in details in the Statement of Financial Activities on page 4. The Trustees have invested in the management structure, facilities and the training and development of staff to provide high quality childcare, which meets statutory requirements, for the community. The Trustees continue to review the services provided to ensure that they are fulfilling the required community needs at an affordable but sustainable rate. ## _Reserves policy_ It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## _Major risks_ The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The charity is a company limited by guarantee. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: H Allanson M Valli J Garnsey J Sharples (Resigned 25 September 2023) ## _Recruitment and appointment of trustees_ None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Trustees are responsible for the overall direction of the company and the day to day activities are organised by the managers as appointed by the Trustees, with the support and assistance of the ancillary staff, who are recruited and appointed by the managers. The trustees' report was approved by the Board of Trustees. H Allanson **Trustee** 14 May 2025 - 2 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF EGERTON OUT OF SCHOOL CLUB LIMITED** I report to the Trustees on my examination of the financial statements of Egerton Out Of School Club Limited (the charity) for the year ended 31 August 2024. ## **Responsibilities and basis of report** As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no 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 charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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 financial statements to be reached. ## **David Wood Wilson BA FCA** Hindle Jepson & Jennings Ltd 10 Borough Road Darwen Lancashire BB3 1PL Dated: 14 May 2025 - 3 - ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|4,553|4,553| |Charitable activities|**4**|278,773|248,232| |Investments|**5**|3,479|3,599| |**Total income**||286,805|256,384| |**Expenditure on:**|||| |Charitable activities|**6**|286,268|261,065| |**Total expenditure**||286,268|261,065| |Net gains/(losses) on investments|**12**|9,620|(2,846)| |**Net income/(expenditure) and movement in funds**||10,157|(7,527)| |**Reconciliation of funds:**|||| |Fund balances at 1 September 2023||104,024|111,551| |**Fund balances at 31 August 2024**||114,181|104,024| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB BALANCE SHEET** ## _**AS AT 31 AUGUST 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
Investments
**16**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**18**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**19**
Deferred income
**20**
**Net assets**
**The funds of the charity**
Unrestricted funds
**22**|**2024**
**£**
4,663
129,188
37,052
170,903
(33,951)|**£**
20,594
136,952
157,546
(30,477)
(12,888)
114,181
114,181
114,181|**2023**
**£**
1,218
119,568
44,179
164,965
(33,839)|**£**
24,834
131,126
155,960
(34,495)
(17,441)
104,024
104,024
104,024| |---|---|---|---|---| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These 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 Trustees on 14 May 2025 H Allanson ## **Trustee** Company registration number 3325990 (England and Wales) - 5 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** ## **Charity information** Egerton Out Of School Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Egerton Out of School Club Ltd, Cox Green Road, Egerton, Bolton, Lancashire, BL7 9RE. ## **1.1 Accounting convention** The accounts have been prepared in accordance with the charity's memorandum and articles of association incorporated 28 February 1997. the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. - 6 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Resources expended are allocated to the particular activity where the cost relates directly to that activity (in accordance with the SORP). Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resource. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold buildings 3.3% straight line on cost Toys and equipment 33.3% straight line on cost Fixtures, fittings & equipment 33.3% straight line on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 7 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **1 Accounting policies** ## **(Continued)** ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.12 Grants** Grants receivable for capital expenditure are credited to the statement of financial activities over the same time period as the assets to which they relate to are depreciated. Grants towards revenue expenditure are released to the profit and loss account as the related expense is incurred. - 8 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Grants|4,553|4,553| |**4**|**Income from charitable activities**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||**Charitable activites**||| ||Services provided under contract|278,773|248,232| |**5**|**Income from investments**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Interest receivable|3,479|3,599| - 9 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **6 Charitable activities** |||**2024**|**2023**| |---|---|---|---| |||**£**|**£**| ||Staff costs|215,287|200,565| ||Depreciation and impairment|5,056|5,152| ||Refreshments|14,510|12,481| ||Toys and equipment|4,779|3,045| ||Room and playground hire|1,594|1,280| ||Lease of land|129|516| ||Heating, light and water|6,667|6,827| ||Repairs, maintenance and cleaning|12,766|10,634| ||Insurance|2,088|2,183| ||Telephone|2,187|1,887| ||Printing and stationery|1,559|1,471| ||Advertising incl. website costs|298|827| ||Lease of equipment|1,941|1,863| ||Bank charges|15|187| ||Sundry|2,062|1,058| ||Staff training and welfare|1,133|847| ||Specialist sessions|2,987|1,429| |||275,058|252,252| ||Grant funding of activities (see note 7)|1,526|1,545| ||Share of governance costs (see note 8)|9,684|7,268| |||286,268|261,065| ||**Analysis by fund**||| ||Unrestricted funds|286,268|| |||286,268|| ||**For the year ended 31 August 2023**||| ||Unrestricted funds||261,065| ||||261,065| |**7**|**Grants payable**||| |||**Costs of**|**Costs of**| |||**generating**|**generating**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Grants to institutions:||| ||Other|1,526|1,545| - - 10 - ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **8 Support costs allocated to activities** |Governance costs
**Analysed between:**
Costs of generating funds
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets|**2024**
**£**
9,684
9,684
**2024**
**£**
5,056|**2023**
**£**
7,268| |---|---|---| |||7,268| |||**2023**
**£**
5,152| ## **10 Trustees** None of the Trustees (or any persons connected with them) received any remuneration during the year. ## **11 Employees** The average monthly number of employees during the year was: |Administrative
Child Care
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
**Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
Aggregate compensation|**2024**
**Number**
1
9
10
**2024**
**£**
202,666
8,967
3,654
215,287
**2024**
**£**
32,706|**2023**
**Number**
1
10| |---|---|---| |||11| |||**2023**
**£**
190,225
6,767
3,573| |||200,565| |||**2023**
**£**
37,363| - 11 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **12 Gains and losses on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| |Gains/(losses) arising on:|**£**|**£**| |Revaluation of investments|9,620|(2,198)| |Sale of investments|-|(648)| ||9,620|(2,846)| ## **13 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ## **14 Tangible fixed assets** |**Leasehold**
**buildings**
**Toys and**
**equipment**
**Fixtures,**
**fittings &**
**equipment**
**£**
**£**
**£**
**Cost**
At 1 September 2023
142,174
19,077
35,097
Additions
-
816
-
At 31 August 2024
142,174
19,893
35,097
**Depreciation and impairment**
At 1 September 2023
117,730
18,687
35,097
Depreciation charged in the year
4,739
317
-
At 31 August 2024
122,469
19,004
35,097
**Carrying amount**
At 31 August 2024
19,705
889
-
At 31 August 2023
24,444
390
-
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
4,663|**Total**
**£**
196,348
816| |---|---| ||197,164| ||171,514
5,056| ||176,570| ||20,594| ||24,834| ||**2023**
**£**
1,218| ## **15 Debtors** - 12 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **16 Current asset investments** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Listed investments|129,188|119,568| Current asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. Listed investments comprise of funds held in the COIF charity investment fund. ## **17 Loans and overdrafts** |Bank loans
Payable within one year
Payable after one year|**2024**
**£**
36,021
5,544
30,477|**2023**
**£**
40,705| |---|---|---| |||6,210
34,495| ## **18 Creditors: amounts falling due within one year** |**Notes**
Bank loans
**17**
Other taxation and social security
Payments received on account
Trade creditors
Other creditors
Accruals
**19**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**17**|**2024**
**£**
5,544
3,706
8,068
2,627
11,996
2,010
33,951
**2024**
**£**
30,477|**2023**
**£**
6,210
2,611
12,806
818
7,581
3,813| |---|---|---| |||33,839| |||**2023**
**£**
34,495| - 13 - **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ ## **20 Deferred income** |Arising from Other grants
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Shown as deferred income on the face of the balance sheet
Movements in the year:
Deferred income at 1 September 2023
Released from previous periods
Deferred income at 31 August 2024|**2024**
**£**
12,888
**2024**
**£**
12,888
17,441
(4,553)
12,888|**2023**
**£**
17,441| |---|---|---| |||**2023**
**£**
17,441| |||21,994
(4,553)| |||17,441| During the year £4,553 was released from deferred income to match the depreciation charged on assets purchased from the grant received. |**21**|**Retirement benefit schemes**||| |---|---|---|---| |||**2024**|**2023**| ||**Defined contribution schemes**|**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes|3,654|3,573| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **22 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1**|**Incoming**|**Resources**|**Gains and**|**At**|**31 August**| |---|---|---|---|---|---|---| ||**September**|**resources**|**expended**|**losses**||**2024**| ||**2023**|||||| ||**£**|**£**|**£**|**£**||**£**| |General funds|104,024|286,805|(286,268)|9,620||114,181| - 14 - ## **EGERTON OUT OF SCHOOL CLUB LIMITED T/A EGERTON NURSERY AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2024**_ |**22**|**Unrestricted funds**|||||**(Continued)**| |---|---|---|---|---|---|---| ||**Previous year:**|**At 1**|**Incoming**|**Resources**|**Gains and**|**At 31 August**| |||**September**|**resources**|**expended**|**losses**|**2023**| |||**2022**||||| |||**£**|**£**|**£**|**£**|**£**| ||Maintenance Fund|40,000|-|-|-|40,000| ||General funds|71,551|256,384|(261,065)|(2,846)|64,024| |||111,551|256,384|261,065|(2,846)|104,024| ## **23 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 15 -