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2023-08-31-accounts

Charity registration number 1069990

Company registration number 02784445 (England and Wales)

FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

me Trustees G B Allcock S J Cornwall Charity number 1069990 Company number 02784445 Principal address Highfield Lawn Field Lane Fakenham Norfolk NR21 9QR Registered office Highfield Lawn Field Lane Fakenham Norfolk NR21 9QR Independent examiner Mapus- Smith & Lemmon LLP 48 King Street Kings Lynn England PE30 1HE

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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 charity's object and its principal activity continues to be that of providing child care facilities in the Fakenham area. The organisation provides day care facilities for children up to 14 years of age including special facilities for six babies.

The main aims of the charity are;

  1. To provide affordable, flexible and inclusive, good quality childcare and education for children that live in the Fakenham and District area.

  2. To provide a service that meets the needs of our families and enables parents to leave their children feeling confident and reducing anxiety in their childcare arrangements.

  3. To provide a curriculum in which the welfare, security and development of children is of primary importance. Encouraging all children to grow and develop at an individual pace, promoting an awareness of their selfworth and expanding their understanding of themselves and of others around them and to be a valued and valuable member of our Centre and our community.

  4. To create an environment which feels like home and to provide an extended family environment.

  5. To make provision, regarding the diverse needs of the community, embedding British Values. To actively consult parents, schools and outside agencies involved with any child in our care, ensuring that they meet their own unique potential. Recognising that each individual child has different needs relating to personal characteristics and pre-school experiences and that such needs require early identification, in order to build a programme of ongoing development through positive assessment.

  6. Create a loving and secure environment, through cultural capital, where making choices, mistakes and trying things out are valued and celebrated. Where promoting independence of action and thought are encouraged, building children’s confidence in all activities and providing opportunities for play and talk through observing, imagining, experimenting, exploring, identifying, choosing and practising.

  7. Praise and encourage good behaviour building self-esteem, fostering a caring attitude towards others and their property. Learning to value everyone regardless of gender, race, class or disability, ensuring that all children have equality of opportunity and access to a broad, balanced, relevant and different curriculum, within a safe, secure and stimulating environment.

  8. Providing an environment where the process of learning is celebrated for children and adults alike. Students and children benefit from the experience and skills of more knowledgeable others who support them to achieve their goals.

  9. To promote well-being and respect.

  10. To equip our children with skills for learning, life and work, ready to actively grasp and follow their dreams in the future.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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Achievements and performance

Significant activities and achievements against objectives

Fakenham Children's Daycare Centre continues to support families with outstanding care and education for children aged 0-7 years, including respite for a small number of children during the school holidays.

Transitions to schools and between rooms have been successful with professionals working together to meet the needs of individual children.

The Centre is currently full for all sessions with a waiting list for all children under the age of 3. Breakfast and After School club continues to provide wrap around care for small number of children.

Environmental Health awarded the full 5 stars, following a routine inspection.

Fakenham Childrens Daycare Centre has a comprehensive programme of training that has enhanced continuous professional development.

The outside area has been upgraded and safety enhanced. Trees have been cut back and fencing has been replaced to improve the safety at the setting. The Caterpillars benefit from new play equipment installed in January 2023.

In March, Norfolk County Council awarded the Centre a sustainability grant of £8000.

Financial review

Reserves policy

Review of the financial position of the charity and 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 considers 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.

At the year end, the charity had total funds of £218,370 (2022 £228,458). The present reserves held is £114,538 (2022 £128,369) unrestricted reserves and £103,832 (2022 £100,089) restricted reserves. The free reserves held is £96,611 (2022 £111,976)

Major risks

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risk.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Plans for future periods

There is a national shortage of qualified early years practitioners. We will continue to train in house and work with external agencies to offer a package of support for students to become qualified.

To ensure the Centre continues its policy of ensuring all children are equally involved.

Future plans include a recruitment programme to enable the Centre to offer additional placements for children to access.

To mentor and support other settings.

To welcome the support of new member to the voluntary management committee.

Continue with a programme of maintenance and improvement.

Structure, governance and management

The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and

articles of association.

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:

G B Allcock

S J Cornwall

Recruitment and appointment of trustees

New trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These training sessions cover -

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.

Organisational structure

The charity is organised so that the trustees meet regularly to manage its affairs. The trustees delegate the day to day responsibility to a centre manager.

The remaining staff employed at the centre provide a pre school breakfast club, care for young children during the day and after school facilities until 6.00 pm in the evening.

The trustees report was approved by the Board of Trustees.

S J Cornwall Trustee

Date:a =

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

| report to the trustees on my examination of the financial statements of Fakenham Children's Daycare Centre Limited (the charity) for the year ended 31 August 2023.

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, | 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 | 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. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.

| have completed my examination.

| confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

2 _ the financial statements do not accord with those records; or

  1. 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

  2. 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).

| 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.

Mrs Sharon Edwards, F.C.A.

Mapus- Smith & Lemmon LLP

48 King Street Kings Lynn

PE30 1HE

England

Dated: palechy

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2023

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ E £ £ £ £
Income and endowments from:
Donations and legacies 2 700 8,000 8,700 5/55: - 5,755
Charitable activities 3 326,456 - 326,456 288,743 - 288,743
Other trading activities 4 4,162 - 4,162 1,497 2,582 4,079
Other income 5 - 500 500 - 500 500
Total income 331,318 8,500 339,818 295,995 3,082 299,077
Charitable activities 6 345,149 4,757 349,906 301,572 5,890 307,462
Net income/(expenditure)
movement in funds		 and (13,831) 3,743 (10,088) (5,577) (2,808) (8,385)
Reconciliation of funds:
Fund balances at
1 September
2022		 128,369 100,089 228,458 134,446 102,397 236,843
Fund balances at 31 August
2023		 114,538 103,832 218,370 128,369 100,089 228,458

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

BALANCE SHEET AS AT 31 AUGUST 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 12 115,416 116,481
Current assets
Debtors 13 23,964 30,443
Cash at bank and in hand 86,163 87,918
110,127 118,361
Creditors: amounts falling due within 14
oneyear (7,173) (6,384)
Net current assets 102,954 111,977
Total assets less current liabilities 218,370 228,458
Net assets excluding pension liability 218,370 228,458
The funds ofthe charity
Restricted income funds 16 103,832 100,089
Unrestricted funds 114,538 128,369
218,370 228,458

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 2023.

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 2812 ete 7

S J Cornwall Trustee

Company registration number 02784445 (England and Wales)

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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1Accounting policies

Charity information

Fakenham Children's Daycare Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Highfield Lawn, Field Lane, Fakenham, Norfolk, NR21 9QR.

The financial statements have been prepared in accordance with the charity's governing document, 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. The principal accounting policies adopted are set out below.

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.

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.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Ne SE 1 Accounting policies

(Continued)

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.

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.

Costs of generating funds are those costs incurred in trading activities that raise funds.

Charitable activities are those costs incurred by the charity in meeting its charitable objectives.

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with the 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:

Freehold buildings 2% straight line
Plant and equipment 20% reducing rate
Fixtures and fittings 20% reducing rate
Computers 20% reducing rate
Motor vehicles 20% reducing rate
Playequipment 20%reducingrate

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.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

(Continued)

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.

1.9 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.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations and grants

Unrestricted Restricted Total Unrestricted
funds funds funds
2023 2023 2023 2022
£ £ £ £
Donations and gifts 700 - 700 -
Grants - 8,000 8,000 5,755
700 8,000 8,700 5,755
Grants receivable for core activities
Norfolk County Council - 8,000 8,000 5,755
- 8,000 8,000 5,755

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

3 Income from charitable activities

2023 2022
£ £
Nursery fees & funding 326,456 288,743
4 Income from other trading activities
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
2 £ £ £ £ £
Fundraisingevents 4,162 - 4,162 1,497 2,582 4,079
Restricted Restricted
funds funds
2023 2022
£ £
Other income 500 500

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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6Expenditure on charitable activities

2023 2022
£ £
Direct costs
Staff costs 277,939 247,582
Depreciation and impairment 8,675 8,065
Playgroup materials 18,701 12,965
NNDC 2,858 1,962
Rates 6,292 6,971
Phone 1,640 1,349
Repairs & Renewals 3,689 3,675
Cleaning 10,894 7,459
Insurance 2,309 2,747
Recruitment service 561 655
Motorexpenses 1,986 1,392
Sundry 2,339 3,540
337,883 298,362
Share ofsupport and governance costs (see note 7)
Support
Governance		 3,684
8,339		 3,666
5,434
349,906 307,462
Analysis by fund
Unrestricted funds 345,149 301,572
Restricted funds 4,757 5,890
349,906 307,462
Support costs allocated to activities
2023 2022
£ £
Office Costs 3,032 3,034
Bank Charges 652 632
Governance costs 8,339 5,434
12,023 9,100
Analysed between:
Governancecosts 12,023 9,100

7 Support costs allocated to activities

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |se| |8|Net|movement|in|funds|2023|2022| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Depreciation|of owned|tangible|fixed|assets|8,510|8,066| |Impairment|of owned|tangible|fixed|assets|165|-|

----- End of picture text -----

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

----- Start of picture text -----
|||||| |---|---|---|---|---| |2023|2022| |Number|Number| |20|20| |Employment|costs|2023|2022| |£|£| |Wages|and|salaries|255,434|227,261| |Social|security|costs|13,968|12,731| |Other|pension|costs|8537|7,590| |277,939|247,582|

----- End of picture text -----

There were no employees whose annual remuneration was more than £60,000.

11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |13|Debtors| |2023|2022| |Amounts|falling|due|within|one|year:|£|£| |Trade|debtors|20,745|27,281| |Other|debtors|-|129| |Prepayments|and|accrued|income|3,219|3,033| |23,964|30,443| |14|Creditors:|amounts|falling|due|within|one|year| |2023|2022| |£|£| |Other|taxation|and|social|security|2,681|4,835| |Trade|creditors|715|439| |Other|creditors|2,106|-| |Accruals|and|deferred|income|1,671|1,110| |7,173|6,384| |15|Retirement|benefit|schemes| |2023|2022| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|8,537|7,590|

----- End of picture text -----

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.

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At1 Incoming Resources Transfers At 31 August
September resources expended 2023
2022
5 £ £ £ £
Freehold building - Daycare
centre Highfield Lawn,
Fakenham 96,468 - (3,403) - 93,065
Playgroup Equipment - Tables
and chairs 742 - (148) - 594
Tesco Grant - Fencing 819 - (164) - 655
Donation towards Water Tower 82 - (16) - 66
Donation towards Wooden
Gazebo 205 - (41) - 164
Apprenticeship funding - 500 (500) - -
Tesco Grant - Fridge 73 - (34) - 139
New slide 1,600 - (320) - 1,280
Sustainability grant - 8,000 (131) - 7,869
100,089 8,500 (4,757) - 103,832
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended 2022
2021
£ £ £ £ £
Freehold building - Daycare
centre Highfield Lawn,
Fakenham 99,872 - (3,403) - 96,469
Playgroup Equipment - Tables
and chairs 928 - (186) - 742
Tesco Grant - Fencing 1,024 - (205) - 819
Donation towards Water Tower 102 ~ (20) - 82
Donation towards Wooden
Gazebo 256 - (51) - 205
Apprenticeship funding - 500 (500) - -
Tesco Grant - Fridge 215 - (43) - 172
New slide - 2,000 (400) - 1,600
Much loved - Play equipment - 522 (522) - -
Fundraising - new toys - 60 (60) - -
NCC - Smartworking - - (500) 500 -
102,397 3,082 (5,890) 500 100,089

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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

16 Restricted funds

(Continued)

The Daycare Centre's main building, address Highfield Lawn, Field Lane, Fakenham, Norfolk NR21 9QR has been funded with money which means the building can only be used for the purpose of providing day care services to children under the age of 14. The building can not be sold on for any other purpose. Depreciation and property improvements will be the only movements against the restricted funds value in relation to this building.

The playgroup equipment consists of tables and chairs which were funded by a grant received from North Norfolk District Council in January 2017 to improve facilities at the playgroup.

Tesco's donated £2,000 for fencing panels to be constructed around the premises.

The parents donated £200 for a water tower to improve the facilities at the playgroup.

The wooden gazebo was purchased using a £500 donation and £250 from fundraising, the gazebo was purchased to replace the princess tower.

The apprenticeship funding was received from the College of West Anglia to be used towards the costs of employing apprentices.

Tesco's donated £269 for a new fridge.

Fundraising took place specifically for new play equipment, total income raised £2,000.

NCC Smart working grant spent on WellCom.

Norfolk County Council £8,000 Sustainability Grant, to contribute towards the costs of boiler, oven and fencing only.

17 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.

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At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
General funds 128,369 331,318 (345,149) 114,538
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2022
2021
£ £ £ Ee
General funds 134,446 295,995 (302,072) 128,369
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FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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18 Analysis of net assets between funds

Unrestricted Material Restricted Endowment Total
funds funds funds funds
2023 2023 2023 2023 2023
£ £ £ £ £
At 31 August 2023:
Tangible assets 17,926 - 97,490 - 115,416
Current assets/(liabilities) 96,612 - 6,342 - 102,954
114,538 - 103,832 - 218,370
Unrestricted Material Restricted Endowment Total
funds funds funds funds
2022 2022 2022 2022 2022
£ £ £ £ £
At 31 August 2022:
Tangible assets 16,392 - 100,089 - 116,481
Current assets/(liabilities) 111,977 - - - 111,977
128,369 - 100,089 - 228,458

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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