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2024-03-31-accounts

The Registered Company Number is:- 04188412

The Charity Registration Number is :- 1087112

Gingerbread Cottage Playgroup Limited

Report and Accounts

31 March 2024

Gingerbread Cottage Playgroup Limited

Report and accounts

Contents

Page
Charity information 1
Trustees' Annual Report 2
Statement of director's responsibilities 6
Independent Examiner's Report 8
Funds Statements:-
Statement of Financial Activities 10
Statement of total recognised gains and losses 6
Statement of Financial Activities - Prior Year statement 11
Income and Expenditure account 12
Balance sheet 13
Cash flow statement 15
Notes to the accounts 17

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

The Trustees presents his Report and Accounts for the year ended 31 March 2024, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The legal name of the charity is :-Gingerbread Cottage Playgroup Limited The charity is also known by its operating name, Gingerbread Nursery

The charity's areas of operation and UK charitable registration.

The charity is registered in England & Wales with charity number 1087112

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts. and its governing document is a Memorandum and Articles of Association under company legislation.

The Governing Document is dated 27 March 2001

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number and email and web addresses of the charity are:-

Launde House Harborough Road , Oadby Leicester LE2 4LE Telephone 0116 2711165 Email Address: info@gingerbreadnursery.co.uk

Web address: http://gingerbreadnursery.co.uk/

The registered office of the charity for Companies Act purposes is:-

Launde House

Harborough Road , Oadby

Leicester

LE2 4LE

The Trustees in office on the date the report was approved were:-

1

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

Mr Kamaldeep Kainth - Chairperson

Mrs Nicola Matts - Vice Chirperson

Mr Satbir Alangh - Treasurer

Mrs Vickinder Kainth - Secretary

Mrs Selina Lidar - Secretary

Mrs Parisha Chavda - Staff Liasion Officer

The Trustees in office during the year were:-

The trustees who served as a trustee in the reporting period were as shown above.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The Gingerbread Nursery's primarily charitable purpose is the education of children primarily under statutory school age at affordable prices.

The nursery's vision of inclusion is to ensure that every child’s needs are met by providing an interesting, safe, secure and happy environment. All our children are valued as individuals and gain a sense of self-worth, achieve their full potential and can be happy and healthy through play. The nursery also offer the opportunity to the parents to take responsiblity for and to become involved in the activities of the nursery.

The main activities undertaken in relation to those purposes during the year.

Activities: Childcare

The Gingerbread Playgroup now has four sites

GB1 is a term time playgroup which provides 38 full time places to local families for children aged two years to five years and is opened Monday to Friday from 9 am - 4 pm.

GB2 is a full time playgroup which provides 98 places for the children aged six months to eight years. The nursery opens Monday to Friday all year around apart from closing for a week in each of the main school holiday periods of Easter, Summer and Christmas. Sessions are from 7:45 am to 5:45 pm.

In March 2019 Gingerbread have opened two new sites in Leicestershire - Gingerbread Mews and Gingerbread Nook.

Nook at the moment is for sale and hasnt been trading; hence the main reason for deficit in 2024.

2

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

Activities: Education

Gingerbread Nurseries provides funded early education for two, three and four year old children. The playgroups implement the Early Year Foundation Stage and the staff team meet regularly to provide the children with planned activities around the children's interests and learning needs. The nursery operates a key person system which works very well. The staff knows and understand their key children and parents know and trust their child's key person. When staff identify that children are not achieving a level of development that is typical for their age they actively work with parents so that the children get access to the services and support they need. All the sites are inspected by Ofsted and are assessed as Good.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The Gingerbread Cottage Playgroup objectives are the advancement of education by offering appropriate play and learning facilities and by offering the opportunity for parents to take responsibility for and to become involved in the running of the nursery.

The Trustees consider that Gingerbread's principal objective and activities,described above on this report ( childcare and education) are consistent with the Charity's objects.

The Early Learning Entitlement for two year olds allow Gingerbread to offer 15 hours provision to those who qualify.All parents of children aged three years and above, are entitiled to 30 hours free early year provision each week ( term time).

Children who have special educational needs and/or disabilities are very well supported to make good progress. Staff works extremely closely with parents and other professionals, such as speech and language therapists, to make sure children's development targets are precisely linked to their needs.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The charity's strategies for achieving its aims and objectives in the future.

The main achievements and performance of the charity during the year.

Quality of Staff:

The management team expertly lead an enthusiastic team of staff. The Playgroup places considerable emphasis on staff development by providing them with in house training and off site training for their continued professional development.

Working with Parents:

Parents are welcomed into the playgroup to join in at story time,parents evening and regular family trips. This helps to ensure continuity in children's learning is fully promoted.

3

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

The difference the charity's performance during the year has made to the beneficiaries of the charity.

As the charity is regularly investing resources for learning material and equipment, the children at the nursery make rapid progress in their learning, in relation to their starting points. They are highly motivated and eager to learn.

Due to the regular training of staff, staff are creative and enthusiastic to use their knowledge to effectively plan activities that meet children's needs and interests.

The degree to which the achievements and performance during the year have benefited wider society.

The nursery caters for children from all social and economic backgrounds and so achieves the criteria for public benefit.

Gingerbread is committed to providing the free entitlement to childcare which is funded by the government, and ensures that children attending only the free hour's benefit from the full extent of the activities and resources provided within those sessions, without any additional charges.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The Gingerbread Playgroup encourages applications from the parents. Relevant training is provided.

The charity's organisational structure.

The charity is a charitable company limited by guarantee and was set up on 27/03/2001. It is governed by it governing document, Memorandum and Articles of Association.

The charity consists of the trustees, management team and the staff.

Financial review

The charity's financial position at the end of the year ended 31 March 2024

The financial position of the charity at 31 March 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

2024
£		 2023
£
Net (expenditure)/income (29,904) 57,483

4

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

Total Funds
Unrestricted Revenue Funds available for
the general purposes of the charity		 975,985
975,985		 1,005,888
1,005,888

Financial review of the position at the reporting date, 31 March 2024 .

Policies on reserves.

The Nursery has unrestricted reserves in form of bank balance of above £400k at the year end which is more than annual running costs of the nursery.

The target level of bank balance for a nursery is three month's running cost. The total reserves at year end are in excess of the set target by Trustee's.

Going Concern

The Nursery has unrestricted reserves of £975,000 at year end. There are no long term loans or any long term liabilites. The nursery has positive cash balance.

There are no concerns for the Trustees and Management Committee regarding the Going Concern of the Charitable Company.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfill its obligations in respect of each fund.

Plans For the Future

The Charitable Company will continue to upgrade or replace furniture, toys and other fixtures and fittings as well as the play areas. The main objective is to achieve consistently high quality provision across all sites.

Details of The Independent Examiner

Jitender Kaur

Member of ICAEW

9 Stoughton Road Oadby Leicester LE2 4DS

5

Registered company number:- 04188412

Gingerbread Cottage Playgroup Limited

Trustees' Annual Report for the year ended 31 March 2024

Statement of Directors' and Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP 2015.

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

TheTrustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 10 to 27.

6

Gingerbread Cottage Playgroup Limited

Registered company number:- 04188412

Trustees' Annual Report for the year ended 31 March 2024

The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities 2015 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

These accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 27 December 2024.

K S Kainth

K S Kainth (Jan 3, 2025 16:32 GMT)

Mr Kamaldeep Kainth - Chairperson Director and Trustee

Jan 3, 2025

7

Gingerbread Cottage Playgroup Limited

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2024

I report on the financial statements of the charitable company on pages 10 to 25 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102 (effective January 2015) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 17.

Respective responsibilities of Trustees and Independent Examiner

As described on page 7, the charitable company's Trustees , who are also the Directors of the Company for the purposes of Company law,are responsible for the preparation of the financial statements.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

Basis of Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions issued by the Charity Commission for England & Wales, under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP 2015. I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

8

Gingerbread Cottage Playgroup Limited

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

This is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the Charities Act 2011;

to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and The Charities Act 2011 and;

that the accounts comply with section 396 of the Companies Act 2006 and that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2015)

have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

Jitender Kaur - Independent Examiner

Member of ICAEW

9 Stoughton Road Oadby Leicester LE2 4DS

This report was signed on 27 December 2024

9

Gingerbread Cottage Playgroup Limited - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities for the year ended 31 March 2023

Income & Endowments from:
Charitable activities
Other trading activities
Investments
Other
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net gains on investments
Net (expenditure)/income for the year
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2024
£
796,822
3,208
7,765
1,000
808,795
5,402
833,297
838,699
-
(29,904)
(29,904)
(29,904)
1,005,889
975,985		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2024
£
796,822
3,208
7,765
1,000
808,795
5,402
833,297
838,699
-
(29,904)
(29,904)
(29,904)
1,005,889
975,985		 Prior Year
Total Funds
2023
£
848,393
5,556
1,936
3,500
859,385
674
801,228
801,902
-
57,483
57,483
57,483
948,406
1,005,889

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses. All the current year and prior year transactions were unrestricted income and expenses and no further analysis is required.

All the prior year transactions were unrestricted items, and no further analysis is required

The notes attached on pages 17 to 25 form an integral part of these accounts.

10

Gingerbread Cottage Playgroup Limited - Statement of Financial Activities for the year ended 31 March 2024

Income & Endowments from:
Donations & Legacies
Charitable activities
Other trading activities
Investments
Other
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income for the year
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward		 Prior Year
Unrestricted
Funds
2023
£
-
848,393
5,556
1,936
3,500
-
859,385
674
801,228
801,902
57,483
948,406
1,005,889		 Prior Year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-		 Prior Year
Total Funds
2023
£
-
848,393
5,556
1,936
3,500
859,385
674
801,228
801,902
57,483
948,406
1,005,889

All activities derive from continuing operations

11

Gingerbread Cottage Playgroup Limited - Statement of Financial Activities for the year ended 31 March 2024

Gingerbread Cottage Playgroup Limited

Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Other operating income
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2024
£
800,030
7,765
1,000
808,795
808,795
823,201
9,096
5,402
1,000
838,699
(29,904)
-
(29,904)
(29,904)		 2023
£
853,949
1,936
3,500
859,385
859,385
793,031
7,597
674
600
801,902
57,483
-
57,483
57,483

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 17 to 25 form an integral part of these accounts.

12

Gingerbread Cottage Playgroup Limited - Balance Sheet as at 31 March 2024

Notes 2024 2023
£ £
Fixed assets
Intangible assets 8 120,476 126,817
Tangible assets 9 446,791 325,578
Total fixed assets 567,267 452,395
Current assets
Stocks 4,600 4,600
Debtors 11 127,710 35,321
Cash at bank and in hand 309,877 545,349
Total current assets 442,187 585,270
Creditors: amounts falling due within
one year 12 (33,469) (31,776)
Net current assets 408,718 553,494
The total net assets of the charity 975,985 1,005,889
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Unrestricted Funds
Unrestricted Revenue Funds 16 975,985 1,005,889
Designated Funds
Total charity funds 975,985 1,005,889

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the examiner is on page 9.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

K S Kainth

K S Kainth (Jan 3, 2025 16:32 GMT)

Mr Kamaldeep Kainth Chair Approved by the board of trustees on 27 December 2024

The notes attached on pages 17 to 25 form an integral part of these accounts.

13

Gingerbread Cottage Playgroup Limited

Cash Flow Statement for the year ended 31 March 2024

Cash flows from operating activities
Net cash (used in )/provided by operating activities as shown
below
A
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Net cash (used in )/provided by investing activities
B
Cash flows from financing activities		 2024
£
(119,719)
7,765
(123,968)
(116,203)		 2023
£
11,730
1,936
(380)
1,556
Net cash provided by financing activities
C
Overall cash (used in )/provided by all activities
Cash movements
Change in cash and cash equivalents from activities in the
year ended 31 March 2024
Cash and cash equivalents at 1 April 2023
Rounding Difference
A+B+C
Cash at bank and in hand less overdrafts at 31 March		 -
(235,922)
(235,922)
543,440
307,518		 -
13,286
13,285
409,169
1
422,455

14

Gingerbread Cottage Playgroup Limited

Cash Flow Statement for the year ended 31 March 2024 Gingerbread Cottage Playgroup Limited

Cash Flow Statement for the year ended 31 March 2024 - Continued

Reconciliation of net (expenditure)/income to net cash flow from operating activities

Net (expenditure)/income as shown in the Statement of Financial Activitie
(29,904)
Adjustments for :-
Depreciation charges
2,755
Amortisation charges
6,341
Write downs of investments
-
Net (gains)/losses on investment assets
-
Dividends, interest and rents from investments
(7,765)
Increase in stocks
-
(Increase)/decrease in debtors
(92,389)
Increase/(decrease) in creditors, excluding loans
1,243
Net cash (used in )/provided by operating activities
A
(119,719)
Analysis of cash and cash equivalents
2024
£
Cash in hand at for the year ended 31 March 2024
309,877
Notice deposits - (less than 3 months)
-
Credit card balance
(2,358)
Total cash and cash equivalents
307,519		 57,483
7,597
-
-
-
(1,936)
(562)
13,737
(64,589)
11,730
2023
£
545,348
-
(1,908)
543,440

15

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 (effective January 2015)) and 'The FRS102 Statement of Recommended Accounting Practice 2015', (The SORP 2015), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP 2015 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

These acounts have been prepared on a going concern basis which assumes the charitable company will have the ability to continue its operations as a going concern.

Policies relating to categories of income and income recognition.

Nature of income

Income from Charitable Activities is the fees paid for the Childcare.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

16

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value ov estimated useful lives.

Leasehold premises and building improvements 0 % straight line Equipment, Fixture and Fittings 25 % straight line

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Liabilities are recognised on the accruals basis in accordance with the normal accounting principles, modified when necessary in accordance with the guidance given in SORP.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in overdrawn, are shown at the amounts properly reconciled to the bank statements.

Leasing and hire purchase contracts and commitments

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions - defined contribution schemes

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Liability to taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

17

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024
4
Depreciation of owned fixed assets
Pension costs
5
Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Trustees Remuneration
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
Net (deficit)/surplus before tax in the financial year
Employer's operating costs of defined contribution pension schemes
The net (deficit)/surplus before tax in the financial year is stated after charging:-		 2024
£
9,096
7,026
2024
£
549,897
31,223
7,026
-
588,146
2024
31		 2023
£
7,597
5,983
2023
£
507,831
25,328
5,983
-
539,142
2023
37

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

One employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

6 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. Gingerbread set up a pension scheme with People's Pension for automatic enrolment. The scheme started from 01 February 2016.

7 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

18

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024

Intangible Fixed Assets
Goodwill:
Cost
At 1 April 2023
At 31 March 2024
Amortisation
At 1 April 2023
Provided during the year
At 31 March 2024
Net book value
Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Stocks & Work in Progress
Stocks before write downs
Debtors
Trade debtors
Prepayments and accrued income
Other debtors		 Building
Improveme
nts
£
323,160
121,484
444,644
-
-
-
444,644
323,160		 Equipment,
Fixture and
Fittings
£
134,424
2,484
136,908
132,006
2,755
134,761
2,147
2,418		 2024
£
153,072
153,072
26,255
6,341
32,596
120,476
Motor
Vehicles
£
-
-
-
-
-
-
-
-
2024
£
4,600
4,600
2024
£
83,917
13,543
30,250		 2023
£
153,072
153,072
26,255
-
26,255
126,817
Total
£
457,584
123,968
581,552
132,006
2,755
134,761
446,791
325,578
2023
£
4,600
4,600
2023
£
-
5,071
30,250

11 Debtors

19

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024

12
Creditors: amounts falling due within one year
Credit Cards
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors
13 Income and Expenditure account summary
At 1 April 2023
(Loss)/surplus after tax for the year
At 31 March 2024		 127,710
2024
£
2,358
10,677
4,600
12,669
3,165
33,469
2024
£
1,005,888
(29,904)
975,984		 35,321
2023
£
1,908
13,186
3,600
10,072
3,010
31,776
2023
£
948,405
57,483
1,005,888

14 No related party transactions

There were no transactions with related parties in the year.

15 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2024
Intangible Assets
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities
At 1 April 2023
Intangible Assets
Tangible Fixed Assets
Investments at valuation:-
Current Assets
Current Liabilities		 Unrestricted
funds
£
120,476
446,791
442,187
(33,469)
975,985
Unrestricted
funds
£
126,817
325,578
585,270
(31,776)
1,005,889		 Designated
funds
£
-
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
120,476
446,791
442,187
(33,469)
975,985
Total
Funds
£
126,817
325,578
585,270
(31,776)
1,005,889

20

Gingerbread Cottage Playgroup Limited

Notes to the Accounts for the year ended 31 March 2024

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted revenue funds
Total unrestricted and designated funds
Total charity funds		 £
1,005,889
1,005,889
1,005,889
Funds
brought
forward from
2023		 See Note 17
£
(29,904)
(29,904)
(29,904)
Movement in
funds in 2024		 £
-
-
-
Transfers
between
funds in
2024		 £
975,985
975,985
975,985
Funds
carried
forward to
2025

17 Analysis of movements in funds over the year as shown in Note 16

Unrestricted and designated funds:-
Unrestricted revenue funds		 Income
2024
£
808,795
808,795		 Expenditure
2024
£
(838,699)
(838,699)		 Other
Gains &
Losses
2024
£
-
-		 Movement
in funds
2024
£
(29,904)
(29,904)

18 The purposes for which the funds as detailed in note 16 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

19 Ultimate controlling party

The charity is under the control of its legal members.

21

Gingerbread Cottage Playgroup Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

20 Income from charitable activities - Trading Activities

Current year
Unrestricted
Funds
2024
£
Primary purpose and ancillary trading
795,191
1,631
796,822
21
Current year
Unrestricted
Funds
£
2024
Total income from charitable trading
796,822
Total from charitable activities
796,822
22 Income from other, non charitable, trading activities
2024
Current year
Unrestricted
Funds
2024
£
3,208
Total from other activities
3,208
23 Investment income
Current year
Unrestricted
Funds
2024
£
7,765
Total investment income
7,765
24 Other income and gains
Bank Interest Receivable
Income from fundraising events
Total Income from charitable activities
Ancillary trading in support of primary purpose trading
Childcare Fees
Total Primary purpose and ancillary trading		 Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
£
2024
-
-
2024
Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
795,191
1,631
796,822
Current year
Total Funds
£
2024
796,822
796,822
2024
Current year
Total Funds
2024
£
3,208
3,208
Current year
Total Funds
2024
£
7,765
7,765		 Prior Year
Total Funds
2023
£
847,143
1,250
848,393
Prior Year
Total Funds
£
2023
848,393
848,393
2023
Prior Year
Total Funds
2023
£
5,556
5,556
Prior Year
Total Funds
2023
£
1,936
1,936

Current year Current year Current year Prior Year

22

Gingerbread Cottage Playgroup Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Unrestricted
Funds
2024
£
1,000
Total other income
1,000
25 Expenditure on charitable activities - Direct spending
Current year
Unrestricted
Funds
2024
£
545,395
31,223
7,026
4,502
12,370
7,706
-
Total direct spending
608,222
26
Current year
Unrestricted
Funds
2024
£
Employee costs not included in direct costs
9,094
79
Premises Expenses
99,595
13,722
22,551
6,896
23,119
Administrative overheads
7,254
1,055
596
3,984
-
10,291
3,096
Gross wages and salaries - charitable activities
Apprenticeship Fund
Uniforms
Defined contribution pension costs - charitable
activities
Temporary Staff - Charitable Activities
Employers' NI - Charitable activities
Summary of Other income
Activities Cost
Food Cost
Training and welfare - staff
Support costs for charitable activities
Rates and water charges
Telephone, fax and internet
Stationery and printing
Rent payable under operating leases
Cleaning and waste management
Premises repairs, renewals and
Staff Uniform
Software licences and expenses
Equipment expensed
Hire of equipment
Membership subscriptions
Advertising and marketing
Light heat and power		 Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2024
£
-
1,000
1,000
Current year
Total Funds
2024
£
545,395
31,223
7,026
4,502
12,370
7,706
-
608,222
Current year
Total Funds
2024
£
9,094
79
99,595
13,722
22,551
6,896
23,119
7,254
1,055
596
3,984
-
10,291
3,096		 Total Funds
2023
£
3,500
3,500
Prior Year
Total Funds
2023
£
504,621
25,328
5,983
3,210
10,628
4,570
4,313
558,653
Prior Year
Total Funds
2023
£
5,021
1,586
110,237
7,447
15,702
6,790
29,071
7,433
239
426
1,590
272
6,769
2,356

23

Gingerbread Cottage Playgroup Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

----- Start of picture text -----
|||||| |---|---|---|---|---| |-| |Liabilty and contents insurance|3,103|3,103|6,561| |Sundry expenses|1,389|-|1,389|302| |Professional fees paid to advisors other than the auditor or examiner| |Accountancy fees other than| |examination or audit fees|5,578|-|5,578|4,458| |Legal fees|35|-|35|4,641| |-|-| |HR Consultancy fees|1,250|1,250| |-| |Other legal and professional|2,021|2,021|23,174| |Financial costs| |Bank charges|271|-|271|303| |Other Costs| |-| |Depreciation & Amortisation in total|9,096|9,096|7,597| |-| |Support costs before reallocation|224,075|224,075|241,975| |-| |Total support costs|224,075|224,075|241,975| |The basis of allocation of costs between activities is described under accounting policies|

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

27 Other Expenditure - Governance costs

----- Start of picture text -----
|||||| |---|---|---|---|---| |Current year|Current year|Current year|Prior Year| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds| |2024|2024|2024|2023| |£|£|£|£| |Independent Examiner's fees|1,000|-|1,000|600|

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

28 Total Charitable expenditure

----- Start of picture text -----
|||||| |---|---|---|---|---| |Current year|Current year|Current year|Prior Year| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds| |2024|2024|2024|2023| |£|£|£|£| |-| |Total direct spending|608,222|608,222|558,653| |-| |Total support costs|224,075|224,075|241,975| |Total Governance costs|1,000|-|1,000|600| |-| |Total charitable expenditure|833,297|833,297|801,228|

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

24

Gingerbread Cottage Playgroup Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

29 Expenditure on raising funds and costs of investment management

Cost of fundraising activities
Total fundraising costs		 Current year
Unrestricted
Funds
2024
£
5,402
5,402		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
5,402
674
5,402
674

25

Final Accounts 2023-2024

Final Audit Report

2025-01-03

Created: 2024-12-27 By: Jitender Kaur (info@fairfaxtaxaccounts.com) Status: Signed Transaction ID: CBJCHBCAABAAYmMXMQSpE82eMQkWqKxP3YrQ8-c6zopK

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