Registered Charity Number: 1079765 Company number: 03808850 Tlddlywlnks Centre ANNUAL REpoirr AND UNAUDITED FINANaAL STATEMENTS For the year ended 31 Marth 2024 Tlddtywinks Centre Contents Page Legal and admlnistrative information Trustees. annual report Independent examlnerfs ￿port io ststement of flnanclal activities 11 Balan￿ sheet 12 Notes to the accounts 13-19 riddlywinks Centre Legal and adminlstratfve information for the year ended 31 Marth 2024 Prevlous names Arbourthorne fiddly-winks aub Trus¢ees/Dlrectors Sarah Newton Nadine Wynter Janice Roblnson Caroline Beattie James Linfoot Nicola Talbot Chair Treasurer Appointed 22 June 2023 Company Secretary Chrlstlne Plant Management team Tracey Thompson Fay Haughton Carol Ryan Chrlstine Plant Centre Manager Assistant Manager Finance Officer Business and Project Development Coordinator Charlty number 1079765 Company number 03808850 Reglstered office 7 Eastern Drive Sheffield S2 3WP Seven Hllls Accountants Llmited 57 Burton Street sheff￿ld S6 2HH riddlywinks Centre Trusteg annual report For the year ended 31 March 2024 The trustees are pleased to present their annual director< report together with the finanaal statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the 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) issued in Ortober 2019. Obiectlves. activitses and public benefft The objects of the charty are to enhance the development and education of children and families in Sheffield and surrounding areas by encoura8in8 parents to understand and provide for the needs of their children by: offering appropriate facilitles, actNitles and trainin8 courses, together with the right of parents and carers to take responslblllty for and to become involved In the activities, ensuring such actlvltles offer opportunities for all children, regardless of means, sexual orientation, race or of political. religiou5 or other opinions. Encouraging the understanding of the needs of such children and thelr farnilies and promoting public interest in and recognition of such needs In the area of benefft. Providing facilities and support Servi￿ in the interests of s¢xlal welfare for such children and their families with a view to improving the conditions of life of such persons. We provlde a local community service. building a charitable business based on Income generatlon whith is not dependant on grant fundin8. We offer familles living in Arbourthome and surrounding areas of Sheffield a quality childcare and famlty support service. Each year we host several open days through the year to encoura8e the local families and the wider community to vlstt the ￿ntre and experience the services on offer. A consultation Is carrled out annually to seek the vlews of Its users. r￿dlYw1nks Centre ethos. To be a multipurpose ￿ntre at the hub of the community To act as a catalyst for economic renewal in Arbourthorne To help break the poverty cycle for children and families The charity aims to address the following issues: Local parents / carers fa￿ a range of barriers to improving their famivs standard of living and futu￿ prospects. Local parents I carers need access to flexlble. affordable childcare in order to support a return to work or education. Many children starting school in the area are currently judged as not ready to engage wlth and benefit from school. Pre-school children need a safe and stimulating environment to develop their Confiden￿ and interest in learning and in building relationships. Tlddtywinks Centre Trustee< annual report- conllnued For the year ended 31 March 2024 Objective4 activi￿ and public benefft- continued Core Business of fiddlywinks Centre achieves: Local parents / Care￿ have access to flexible, afft>rdable childcare whlch supports a retum to work or education. All children starting school from Tiddlywlnks are ready to erqage with and benefrt from school. Pre-school children enjoy a safe and stimulating environment in which they develop physical. emotional and social sk11s, capabilities and confidence. In setting our objectives and planning our activities the trustees have given careful consideration to the tharity Commisslon's public benefft guidan￿, especially with regards to charging fees. Structure. 8o%*rnance and mana8ement The organisation Is a company limited by guarantee and a registered tharlty. The charity's governin8 d¢)cuments are Its Memorandum and Artlcles of Assoclatlon. The chartty was incorporated as a company Ilmlted by guarantee without share capltal, on 16 July 1999 and the charity was formed on 9th March 21XM) under a Trust deed registered with the Charity Commission. The articles of association were changed on 8 January 2018 to reflect the current practice of the organisation. The tharity Is or8antsed so that the trustees and its Management Team meet regularly to manage its affalrs. The Board meets every 6 weeks and Is made up of local people, parents and other assoclated professionals. At each meeting key senior staff attend and present management and financlal reports. The agendas are set by the senior management tsam and appn>ved by the chairperson. The Centre has a clear management structure in place to manage the charity/company. The day-t day management of the charity is delegated to the Management Team. The Management Team meet weekly. The trustees approve all major expenditure. The company has no share capital and in the event of the Chaiity being dissolved. every member promises to pay £1 towards the cost of dlssolution and the Ilabilltles Incurred by the charlty. riddlywinks Centre Trusteg annual reptyt- ￿ntInued For the year ended 31 March 2024 Acltvltles and athievements Tiddlywinks Centre understood we would be still facing some finanaal thallenges in the year 2023- 2024. Althou8h a 'strate8y for change. had been implemented In April 2022. successfully reduangthe overall financlal short fall of the charity, we foresaw sorne of these thallen8es would still continue into 2023-24. As a charitable organisation we contlnue to closety monitor our budget spend on a month to month basis. Moving Into this year we recognised the challenges facing the Centre and the rest of the famlly support & childcare sectorwould continue. The impact on the budget spend has continued to make a big impact. Reasons include a large increase in runnlng costs and the government not recognising the true cost of childcare. The Funding for 2 year & 34 year< free nursery education rates remains insufficient to meet the true delivery cost, mainly due to the large Increase In the minlmum wage. Slowly the demand for pla￿$ has started to improve. Places for 2-year-old seem to be the current growth area. The Centre's strategy to seek additional funding to extend and Implement new support services to target the most vulnerable families contlnued throughout 2023-24. We delivered a very successful new Inltiative called the Twinkle group, provldin8 tsrgeted support to a number of famllles. This was fundlro through the Elizabeth Lalng fund. Enabling the project to run over 12 months. We were also successful In 5ecurin8 funding for 2 new projects. The Outdoor Fun Project, this project enabled the Centre to purchase new outdoorequipment forthe children. And the Hungry Little Ones project which 15 enablin8 the Centre to provide free lunches for children attending the nursery. Both were sourced through Sheffield Cty Council's local funding pots. riddlyw1n￿ Centre has bullt up an ex￿lIent reputatlon within the Arbourthorne & the surrounding areas for provkllngquality childcare and family support seThices. Families who a(￿s$ the Centre come from a wide rdnge of backgrounds from families living on the poverty line, strnggling to exist wlthin the benefft system, to famllles In employment trylng to flnd the worvlrfe balan￿. The Centre contlnues to f￿$ on supporting local frdmilles to enter Into tralning or seek employment to escape the cycle of poverty. riddlywinks Centre facilitate several events throughout the year to welcome the whole famity in to experien￿ the Centre and what we have to offer. At these events we try to gather views to Infonn future planning Strate￿$. Families & parenvs views are very important to the Centre enabling us to deliver servi￿5 which reflects the needs of the communty. riddlywinks Centre gather families & parenys views throughout the year. Recent surveys have included a leaver5' suNey (families of children leaving the Centre to start school) in Juty 2023 & 2024 and a generic survey carried out at the coffee moming event in December 2023. We used questionnaires as a method to gather views. All 3 surveys completed gave an IIJM overall satisfaction rating for seThices used. 90% excellent & 10% good. fiddlywinks Centre management tsam are extremely pleased to have delivered a quality community service to families over the past year. The management team recognised the need to review the delivery of provision for 2023-2024 to plan for the 2024-2025 year. Occupancy: r￿d1vW1nks Centre currently has Just over 100 families on the ￿lster. The Centre is l)fsted registered to deliver up to 65 childcare places. Currentfy we offer 50 pla￿, this figure is based on curient demand. The child occupancy is monitored closely on a monthly basis. Making sure we meet famity demand and maximise income generation. This inforniation is reported to the Board of Trustees each meeting. We have an overall tsrget of 80%. This fluctuates over the year dependant on uptake. Overall occupancy for 2023-2024 was between 70%-98%. riddlywinks Centre Trusteg annual re￿t - contlnued For the year ended 31 March 2024 The lowest occupancy levels are usually in the September-December period as we see a large number of children leave to stsrt school. 36 children left to start school in the Autumn of 2023. The cost of living uisis has continued to have a massive impact on the famllies who were already vulnerable falling deeper into poverty. The Centre and the staff continue to work closely with families and children to help support famS1ies. Tlddlywinks Centre continues to work dosely with other support agencies across the city to support all our families. working In partnership to sen post to activity & resour￿$ whkh local families can access throughout the year. We will continue to link with other current initiatives to enable us to give additional support to our families where needed. SEN Support: The number of families & children we support with Special Education Needs (SEND) support has yet a8aln continued to grow over the last year. This additional support to enable riddlywinks cent￿ to accommodate and provide quality care, can mean not only a higherstaff to child ratlo. but the time required to complete a higher level of plannin& reporting and monitorlng. This support has an extra cost to the Centre. In response to this growing demand we have had a standalone SEN support post Sin￿ January 2022. Tlddlywinks recognlsed the need to invest in this post to support the Centre to meet the challenges of 5UPPOrtlng children with low and high complex needs to attend the Centre. We have been reportlnB slnce 2020 re8ardln8 the increase In the number of chlldren requiring additional support, whlch continues to create an additlonal pressure on already stretched services & on the Centre l￿dEet. SEN grants are available from Sheff*ld fjty Coundl to support children birt these grants can take many months to Secu￿ and only cover the additional costs of the chlldcare support. Not Includin8 the cost of reportin& monitoring or the meeting attendan￿ required by Centre staff. The percentage of children needing low level additional support is still high. Leaving fiddlywinks Centre to bridge the gap as families are walting months for referrals to be assessed and even longer to re￿1ve any support. The Centre is experiencing an increasing number of children requlrlng very hlgh levels of support due to complex SEN needs As more children are identffied as requiring SEN support Statutory Services are continualty being reduced. wlthdrawn or are not consistent. As the number of chIld￿n requlrin8 support has increased. the referral system to secure support from ststutory servlces has become more diff￿ult. With Stat￿Ory services struggling with the growing need from families TKldlywinks Centre continues to support these familles. providing both a hEh level of care for chIld￿n and supporting parents to navigate thrnugh ever increasing complex systems to secure specialised supw>rt. rHMtywinks Centre Trusted annual report - continued Fiw the year ended 31 March 2024 Over the 2023-2024 period fiddlywinks Centre had between 20-25 children on the SEN register. The Centre has a traffic light system to identify the levels of support requi￿d. Green is the lowest level of support: Children have an extra support Sheet and are given opportunities within nursery to receive this additional support. Many children need this extra support to allow them to achieve/ raise their development levels. Between l(k15 chIld￿n were identified at the Green level. Orange: Children require additional support within nursery abirt also require additional support from outside professlonals/agencies. Between 7-10 were children Identified at orange level. Red is the highest level of support required. These children may need Education Health & Care plans (EHCP) in place. In 2023-24. 5 children required this level of support. 3 received EHCPS. 3 require l-l support. The Centre continues to have strong working relationships with SEN support staff working in the ststutory services. These worklng relatlonships mean we can gfve very clear and coherent support to famllles and chlldren. Safeguardln8: Tlddlywlnks Centre had between 10-12, famllles requiring significant support from the Centre & social ServI￿S In the 2023-2024 perknd. Several of these families required intense support. The Centre continues to monitor the time invested to support families. There has always been an underlying need for some families in the local area who require social ServI￿S intervention but this continues to Increase year on year. This year again we have seen the blggest Increase in families requiring additional support/ intervention from social se￿iCe$. This support increases the pressure on the Centre's ￿sOUrceS for which we do not receive any additional funding. This is one of the maln reasons the Centre has prioritised the raislng of additional funding to enable us to provlded tallored famlly support initiatives dlrectty to the most vulnerable. Supportlng famllles to stay together and meet the challenges each individual famlly faces. The pressures on families has continued to Increase due to the enormous rise in the cost of Ilvln& Families who were already struggling to get out of the poverty trap are falling deeper in. Families who a￿ living in crisis. finding themselves with increasing debt, dealing with depression & other health related issues, Includlng drugs & alcohol abuse. This leads to families struggling to pmide for their own child￿n. Famity Support Strategy. Twlnkle Sesslons 2023: fiddlywinks Centre developed & delNered a new family support strategy to support local families. We successfully delivered a series of play and stay groups. The play & stay Ywinkle sessions. had a variety of themes dependant on needs of the families attending. The sessions focused on encouraging child & parent to enjoy playing together. socialise with other children and introduced new families to the Centre. Sesslon themes focused around chlld development milestones. speech & language development. weanin& toilet trainin& and SEND needs. The groups would respond to the particular interests and need5 of the individual families in attendan￿. The Twinkle sessions were delivered in 6 week blocks. There would be a gift of a shopping voucher to the value of £20.(X), to spend at a choice of supermarkets at the end of the 6-week block Vouchers would be awarded to all families who had attended 4 or more of the 6 six sessions. Past experien￿ has shown that families will be more willing to attend groups regularly If a reward is Offe￿d. In the current climate of rising food pri￿. we feel a shopping voucher would be welcome. r*inks Centre Tntsteg annual report- continued For the year ended 31 Marth 2024 Quality Curriculum: Tiddlywink5 Centre received an outcome of "GOOD" atthe last OFStED ins￿10n October 2021. fiddlywinks Centre's overarching tsrget is to raise the attainment of the children entering school at foundation stage. To strengthen the Centre's delivery of thi5 target we a committed to providing a high level of stsff trainin& continual reviewing of practi￿ and setting out a strong plan forthe staff team to deliver a quality & enhanced curriculum for the Centre. This plan has the individual child at its heart. Staff training & development: Is key to the Centre offering quality care. Unks wlth local schools: fiddlywinks Centre continue5 to strengthen links with Arbourthorne Communlty Primary. Prince Edward's primary and Norfolk primary schools to forge strong transitlons for chlldren and their families within the community. This year we have seen a number of children transitionin8 to other schools outside of the Arbourthorne area. Includin8 Woodlands. Broomhall, primary schools. Holiday Playtare: Tkldlywinks Centre continues to offer a small number of holiday playcare places to school aged children through the school holklays. These places are malnly accessed by employees or former familles of the Centre. Communlty Group: Tlddlywinks Centre has continued to worf( closety with the Best Start Project run through Manor & Castle DevelopmentTrusL We are part of the People Keeping Well panel. The Centre continues to work in partnership with the Wybourn Famlty Centre. along wlth local representatives from the Health seNice, local schools and other organisations. stsffinz: The Centre currently has a strong staff team of 21. A high percentage of the staff team a local people orthose who started on apprenticeships, and have become qualif￿1 staff working within the Centre. We continue to hold a very strong staff retentlon record. fiddlywinks Centre believes In personal developmenL encouragln8 Staff to ac￿$ tralnlng to enhance their skllls, knowledge and experieno. We provkle a pro8ramme of staff train1r￿ A number of staff have achieved a degree level qualificatlon. r￿d￿WInkS has an ethos of providing trainin8 & employment opportunities to local people. Over the last few yeaT5' recrultment has become extremely difficult and a ￿al concern across the childcare industry. The rlse of the minimum wage and the lack of investment from the government has impacted on recruitment of experienced and qualif￿d stsff. With Nursery nurse practitioners leaving the industry to take hlgher paid career paths, and the colleges and other trainin8 providers failing to attract new recruits into training course. Where the Centre operates can also be a barrier to attractlng staff. Apprentlcethlps: As part of the charitable aims we offer apprentI￿hIp opportunities for local young persons to gain empknyment skills and achieve a childcare qualification. This apprenti￿ scheme is dellvered in partnership with Sheffield College. We currentty have 2 young people on the apprentI￿hIp 5theme. Volunteers: r￿dlyW1nkS Centre supports local people by offering volunteer op&￿unitle$. Lease: r￿dlYW1nks Centre has secured a new 30-year lease at peppercorn renL riddtywinks Centre Trusteg annual report - contlnued For the year ended 31 March 2024 Flnanaal review and reserves policy riddlywink5 Centre Board of Trustee5 agreed to not schedule any significant spend from reserves this year. Reviewlng the current financial situation in April 2023 the decision was taken to try and maintaln the current level of reserves in these challenglng financlal time5. riddlywinks Centre will again draw up a fundlng strategyto seekfundingfor new initiatives & activlties. equipment to enhan￿ the services al￿adY delivered by the Centre. This funding includes any repairs or refurbishments required in the 2024-25 period. r￿d1Vw1nkS Centre budgeted for a better financial year for the 2023-24 perlod hoping the effect of the strategy of change initiated in April 2022 would have a positive impact on the Centre's financial future. We follow a programme of cost savlng measures to minimise any impact we may experien induding a review of fees. and a revised staffing plan. Even with all these cost saving measures without 80vernment raising the funded 21314-year-old entitlement to provlders meeting all costs would be a struggle. We ended the year with a general fund deflclt before transfers of approxlmately £17.1XJO (2023: £12,(m). Perhaps the greatest threat to fiddlywlnks Centre continues to be the lack of connection between the Government Free nursery entitlement rate paid to nurseries and the continual increases in the national minimum wage. This is becomin8 unsustainable for private/voluntary/community sector nurseries that operate in area5 of economic disadvantage. with families that are in great need but unable to afford any additional charges. As a charltable organisation we closely monitor our budget spend at all tlmes. The impart on the budget has been for a number of reasons including a massive general increase In running costs {utilities & food), the government not ralsing the Funding for 2 year & 34 years, free nursery educatlon rate sufficientty to meet the delfvery cost. the large increase In the minimum wage. We have seen a slight movement In thls strategy as the government Is set to expand funding in April & September 2024 to working families from children aged 9 months and rising the fundlng amount sli8htly. We are hopir8 this strategy continues to grow and lead to a sustainable childcare sector. Reserves Poli The Board of trustees review the reserves policy yearly. They considered the current risks to the organtsation. Understanding the need to balance, protert the existing operational attivities, whilst needed to invest in the Centre's fvture to grow and diversify income streams. The charity needs to grow to reflect and meet the needs of the local community. The policy is based on risk probablllty and impact. The free reserves target is £130,0(K). based on estimated dOSu￿ costs plus additional for key building repairs. The free reserves {general funds excluding fixed assets) at 31 March 2024 were £130.370. In addltlon. £562.151 was held in designated fvnds- £527,151 relating to the cost of the buildin& and £35.(X)O which had been set aside for match funding future buildin8 developments (Appleby House). Due to the financial constraints mentioned above this project is no longer imminent so £4,IKX) was trarbsferred to the general funds to support the regular activlties of the charity. Tiddlywinks Centre Trusted annual report- continued For the year ended 31 March 2024 Future plans riddlywinks Centre will place on hold plans to develop and build a new community building (Appleby House) on site to Co[￿ntrate on securing current seNice delivery. fiddlywinks Centre will instead focus on plans to develop and extend family support initiatives. We have a robust funding strategy in place to Secu￿ funding to deliver tailored famity support servi￿5 to our most vulnerable children & families. r￿dlyWInkS Centre still envisions a new community house deve￿prnent to be a cradle to grave support Servi￿ for the local community in the future but not at the present time. We wlll still be ready to resw)nd if government poliLy changes and investment in the local community and famllles becomes avallable. Trusted resp(￿51b11ities In relation to the finandal ststements The charity trustees (who are also the directors of the charty for the purposes of company law) are responsible for preparing a Trustees. annual report and financial sLitements In accordan￿ with applicable law and Unlted Kingdom Accounting Stsndards (United Kingdom Generalty At￿pted Accounting Practice). The report and accounts have been prepared In accordan￿ with the provisions In the Companies Act 2(X)6 relatin8 to small companies. Company law requires the charlty trustees to prepare financlal statements for each year which give a true and fairview of the state of affairs of the charitable company and the group and of the Incomin8 resources and appllcation of resources. includingthe income and expenditure. of the charitable group for that period. In preparln8 the financlal statements, the trustees are requlred to= Select suitable accountlng policies and then appty them conststentlv. Observe the methods and principles In the Charities SORP: Make Judgements and estimates that are reasonable and prudent: State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the flnancial statements; and Prepare the financlal ststements on the golng concern basls unless It is inapproprlate to presume that the charity wlll continue in business. The trustees are responsibte for keeplng adequate ac£ountin8 records that dlsdose with reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and her￿ tsklng reasonable steps for the preventlon and detection of fraud and other irregularitles. The trustees are responslble forthe Maintenan￿ and integrity of the charlty and financial inforniation induded on the chariWs website in accordan￿ with kgislation In the Unlted Kingdom 8overnln8 the preparation and dissemlnation of flnancial sLitements. Small Compan•es Statement This report has been prepared in accordan￿ with the special provisions for small companies under Part 15 of the Companies Act 2006. The tNstees dedare thatthey have approved the Trustees, annual report above on and signed on behalf of the directors by: Shr-n CE ts61 Trustee it Iq l Print name: Independent examinerfs report to the direttors of Tlddlywinks Centre {'the Companrf) I report to the charty directors on my examination of the accounts of the Company forthe year ended 31 March 2024. ResponsiMitle5 and basis of report As the directors of the Company you are ￿ponsIblefOr the preparation of the accounts in accordan with the requirements of the Companies Act 2(X)6 ( the 2006 Arf). Having satisfied myself that the accounts of the Company 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 examlnation of your companvs accounts as carried out under section 145 of the Charlties Act 2011 {'the 2011 ACY). In carrying out my examination I have followed the Directions Eiven by the Charity Commtssion under sectlon 145(5) (b) of the 2011 Act. Independert examlnerfs ststement Slnce the Compan￿$ 8ross Income exceeded £250,0(Xl your examlner must be a member of a body Ilsted In section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Instltute of Chartered Accountants in England and Wales, which ts one of the listed bodies. I have completed my examination. I confirn) that no matters have come to my attention In connection with the examination giving me cause to believe: l. accounting records were not kept in respect of the Company as required by section 386 of the 21J)6 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not compty wlth the accounting requlrements of settion 396 of the 21J)6 Act other than any requirement that the accounts give a 'true and fair view whlch is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended practi￿ for accounting and reporting by charitles applicable to organisations preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 accounts to be reached. Signed: Lightfoot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield 56 2HH Date: rn&r Ao24 io r￿d1VW1nkS Centre Statement of financial activitses {incorporating the income and expenrfrture account) for the year ended 31 Marth 2024 General Designated Restricted fund funds funds 2024 Totsl 2023 Totsl Income from: Donations and legacies Charitable activities Investments - bank interest 258 408,385 2,874 5.526 5.784 408.385 2.874 5.739 386.606 1.062 Totsl Income 41L517 5.526 417 393M17 Expendlture on: Charitable activltie5 428.788 17,309 1,819 447.916 417.846 Totsl expendlture 428.788 17.309 1.819 447.916 417.846 Net kncome/(expendlture) (17.2n) 117.3091 3.707 130.873) (24A39) Transfers 7,532 (4.(KKI) (3,532) Net nM>vement In funds (9.739) 121.3091 175 130.873) (24,439) llecondllatlon of fvnds: Totsl funds brought forward 140,109 583,460 13,194 736.763 761,202 Total funds carrfed forward 130.370 562.151 13.369 705W 736.763 The statement of financial activities Includes all galns and losses recogn15ed In the year. All of the charitsble company's operations are classed as continuing. The prior year Statement of Financial Activities by fund is provided In note 16. li r￿dlYW1nks Centre Balan￿ Sheet As at 31 Marth 2024 2024 2023 Axed assets Tangible assets 527,151 544,460 527,151 544,460 Current assets Debtors Cash at bank and in hand Totsl current assets 4,501 184,098 188,599 5,533 195,628 201,161 Creditors: amounts falling due within one year {9,860) {8￿58) Net current assets 178 739 192.303 Total assets less current Ilabllltles 705,890 736.763 Credltors: amounts falling due after one year Total net assets 705.890 736.763 FUNDS General funds Designated funds Total unrestrltted funds Restricted funds Totsl tharlty funds 130370 562,151 692,521 13,369 705Ag0 140,109 583.460 723,569 13,194 736.763 For the year ending 31 March 2024 the company was entltled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 21KI6. The director's acknowledge their ￿SponSibl11t1eS for complying with the requirements of the Act with respect to accounting records and forthe preparation of accounts. The accounts have been prepared in accordance with the special provisions relating to companles subjert to the small companies regime within part 15 of the Companies Act 2006. Approved by the board on iÉlq and signed on its behalf by.. Print name: Trustee 12 Notes to the Accounts for the year ended 31 Marth 2024 A(c￿nI1￿ Poliaes (a) Basi5 of preparatlon riddlywinks Centre is a chartsble company in the United ￿ngdoffl limlted by guarantee. In the event that the charity 15 wound up the liability in respect of the guarantee 15 limited to £10 per member of the charity. The address of the registered office is given in the company information on page l of these financial st*ements. The financial statements have been prepared in &cordance with Accounting and Reporting by Charities: Ststement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Flnancial Rewrtin8 Standard applicable in the UK and Republic of Ireland (FRS 102) - Icharities SORP {FRS 10211, the Financial Rew)rtin8 Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Att 2(K>6. The financial statements have taken advantage of the exemptlon not to prepare a Statement of Cashfiows. The charity meets the definition of a public benefit entity as defined under FRS102. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £1. (b) Income Income is reco8nlsed In the SOFA when the charity has entltlement to the fvn(ts, any performance conditions attached to the monles have been meL the receipt of the Income Is probable its amount Can be ￿liablY measured. Fundin8 for projects is recogni5ed when the charity has entitlement to the funds, any perfomance condltlons attached to the projectslgrants have been met. it 15 probable that the inc(xne will be received and the amount can be measured reliably and is not deferred. (cl EX￿dIlure and Ilabllltles Expenditure is recognised where an there is a legal or construrtlve obllgatlon to pay a third party, it is probable that settlement will be required and the amount of the obli8ation can be reliabty measured. Al expenditure is reported 8ross of irrecoverable VAT. (d) Taw fixed assets Tangible fixed assets are sLited at cost less depreciation. Depreclatlonls pmwded on all tanglble awts at the following annual Tates calculated to write off the cost less estimated residual value. on a straight line basis over their useful economic lives: Land and buildings General equipment Play equipment 50 years 5years 5 years Items of equipment are capitalised where their purchase price exceeds £l.(KKI. All ComputerllT equipment is to be fulty expensed in the year of purchase. (el Cash and cash equivalents Cash and cash equivalents comprlse cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. (fj Trade dEbt Trade debtors a￿ amounts due from customers for services perfom)ed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised c05t Using the effertrve interest method, le55 provision for impairment. A provision for the impairment of trade debtors is established when there is objertive evidence that the company wlll not be able to collett all amounts due ￿Cording to the original terms of the receivables. forthe year ended 31 Marth 2024 l Accountlng Pomdes. CAxttinued (8) Tr4de uedltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are da55tfied as current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months afterthe reming date. If there 15 an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non Monies given towards family support services. The transfer represents internal recharges towards the prolecL Huolry Utlle People A grant given by SCC LAC to fund free lunches - the transfer represents the Income that would other¥Yise have been charged to parents. Pnoryearcompcn'son Balance Bolan Income Exwnditure Transfe Bulldlng extenslon SCC-Juth'lee gmnt &194 160 S￿? (ia)) (s￿1 Twinkle projett IFomilySupportsen•ices) 13.194 ford* yeThled31 March 2024 13 Net45sets lryfwml Total fvnds nds fvnds lun(Ls 527.151 35.( 527.151 13.369 178.739 140.109 130.370 39ml ts.194 1923oa 140109 S83460 13194 736763 t￿rIng the year Ihe dwity purthased repairs and maint•)ance servKes arno￿ting to £10.65112023: £10.6501 from Mark thE partner of Ms J Rdkn50n Ichalrpusonl. These servKe5 were purchased arms-lryth ba51k There were nu amounts outstandiwJloor the in(N¥Id￿l at theyearend12023: £niD. The dwws fvture operatlryg lease payments forequipment are: Wrthln oneyear 2023 fund fund5 lunds Total Donation5 and leydes Charbtable xti4rytbe5 5J26 S.784 5.739 386.fj06 1874 U74 062 411517 5526 417043 387.747 5,660 392345 Charitable adivStles 17A09 L819 447J16 YJ9.877 17J19 417W6 17AOS 19 447J16 399.877 17.309 417W46 Ilet Incurf(eMpnkn) (172n) 7JiB) 1707 iaom) I￿.130} 117J091 SJM 125501) Transfvs 136JXXbl 19.73¥ P43Q9) 175 130J73) 13.870 153J191 125501) Total fvnds Ixwht fomrd 14OJ09 13J94 T476J 11&239 636.769 4194 76L202 TOt•lfrNM15￿￿Ied ftyward 130.370 56Lls1 13369 705m1 140.109 583.460 13.194 735.701