2020-07-31-accounts - Coalway Kids Club

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REGISTERED CHARITY NUMBER: 1089656

Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31st July 2020

for

Coalway Kids Club

Wildin & Co Accountants

& Statutory Auditors Kings Buildings Lydney Gloucestershire GL15 5HE

Coalway Kids Club

Contents of the Financial Statements For The Year Ended 31st July 2020

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	9
Detailed Statement of Financial Activities		10

Coalway Kids Club

Report of the Trustees For The Year Ended 31st July 2020

The trustees present their report with the financial statements of the charity for the year ended 31st July 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1089656

Principal address

63 Coalway Rd, Coalway Coleford Gloucestershire GL16 7HL

Trustees

Independent Examiner

Wildin & Co Accountants & Statutory Auditors Kings Buildings Lydney Gloucestershire GL15 5HE

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Trustee

Page 1

Independent Examiner's Report to the Trustees of Coalway Kids Club

Independent examiner's report to the trustees of Coalway Kids Club

I report to the charity trustees on my examination of the accounts of Coalway Kids Club (the Trust) for the year ended 31st July 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Graham Michael Wildin Wildin & Co Accountants & Statutory Auditors Kings Buildings Lydney Gloucestershire GL15 5HE

Date: .............................................

Page 2

Coalway Kids Club

Statement of Financial Activities For The Year Ended 31st July 2020

				31.7.20	31.7.19
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		35,487	1,500	36,987	35,206
Investment income	2	241	-	241	1,423
Total		35,728	1,500	37,228	36,629
EXPENDITURE ON
Other		30,774	-	30,774	31,780
NET INCOME		4,954	1,500	6,454	4,849
RECONCILIATION OF FUNDS
Total funds brought forward		12,697	41,951	54,648	49,799
TOTAL FUNDS CARRIED FORWARD		17,651	43,451	61,102	54,648

The notes form part of these financial statements

Page 3

Coalway Kids Club

Balance Sheet 31st July 2020

Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 5 1,275 42,671 CURRENT ASSETS Cash at bank 16,676 1,233 CREDITORS Amounts falling due within one year 6 (300) (453) NET CURRENT ASSETS 16,376 780 TOTAL ASSETS LESS CURRENT LIABILITIES 17,651 43,451 NET ASSETS 17,651 43,451 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS	31.7.20 Total funds £ 43,946 17,909 (753) 17,156 61,102 61,102 17,651 43,451 61,102	31.7.19 Total funds £ 43,403 11,997 (752) 11,245 54,648 54,648 12,697 41,951 54,648

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 4

Coalway Kids Club

Notes to the Financial Statements For The Year Ended 31st July 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

	31.7.20	31.7.19
	£	£
Rental Income	240	1,421
Deposit account interest	1	2
	241	1,423

Page 5

continued...

Coalway Kids Club

Notes to the Financial Statements - continued For The Year Ended 31st July 2020

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2020 nor for the year ended 31st July 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st July 2020 nor for the year ended 31st July 2019.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,101 Investment income 1,421 Total 35,522 EXPENDITURE ON Other 31,780 NET INCOME 3,742 RECONCILIATION OF FUNDS Total funds brought forward 8,955 TOTAL FUNDS CARRIED FORWARD 12,697 5. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1st August 2019 33,391 2,060 Additions - - At 31st July 2020 33,391 2,060 DEPRECIATION At 1st August 2019 - 1,870 Charge for year - 47 At 31st July 2020 - 1,917 NET BOOK VALUE At 31st July 2020 33,391 143 At 31st July 2019 33,391 190	Restricted fund £ 1,105 2 1,107 - 1,107 40,844 41,951 Garden Project £ 9,822 590 10,412 - - - 10,412 9,822	Total funds £ 35,206 1,423 36,629 31,780 4,849 49,799 54,648 Totals £ 45,273 590 45,863 1,870 47 1,917 43,946 43,403	Total funds £ 35,206 1,423
			36,629 31,780
			4,849 49,799
			54,648

Page 6

continued...

Coalway Kids Club

Notes to the Financial Statements - continued For The Year Ended 31st July 2020

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
			31.7.20	31.7.19
			£	£
	Bank loans and overdrafts (see note 7)		453	453
	Other creditors		300	299
			753	752
7.	LOANS
	An analysis of the maturity of loans is given below:
			31.7.20	31.7.19
			£	£
	Amounts falling due within one year on demand:
	Bank overdraft		453	453
8.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.8.19	in funds	31.7.20
		£	£	£
	Unrestricted funds
	General fund	12,697	4,954	17,651
	Restricted funds
	Restricted	41,951	1,500	43,451
	TOTAL FUNDS	54,648	6,454	61,102
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	35,728	(30,774)	4,954
	Restricted funds
	Restricted	1,500	-	1,500
	TOTAL FUNDS	37,228	(30,774)	6,454

continued...

Page 7

Coalway Kids Club

Notes to the Financial Statements - continued For The Year Ended 31st July 2020

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
	movement		At
At 1.8.18	in funds		31.7.19
£		£	£
Unrestricted funds
General fund 8,955		3,742	12,697
Restricted funds
Restricted 40,844		1,107	41,951
TOTAL FUNDS 49,799		4,849	54,648
Comparative net movement in funds, included in the above are as follows:
Incoming	Resources		Movement
resources	expended		in funds
£		£	£
Unrestricted funds
General fund 35,522	(31,780)		3,742
Restricted funds
Restricted 1,107		-	1,107
TOTAL FUNDS 36,629	(31,780)		4,849

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.8.18	in funds	31.7.20
	£	£	£
Unrestricted funds
General fund	8,955	8,696	17,651
Restricted funds
Restricted	40,844	2,607	43,451
TOTAL FUNDS	49,799	11,303	61,102

continued...

Page 8

Coalway Kids Club

Notes to the Financial Statements - continued For The Year Ended 31st July 2020

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	71,250	(62,554)	8,696
Restricted funds
Restricted	2,607	-	2,607
TOTAL FUNDS	73,857	(62,554)	11,303

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2020.

Page 9

Coalway Kids Club

	Detailed Statement of Financial Activities
	For The Year Ended 31st July 2020
		31.7.20	31.7.19
		£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations		318	1,106
Legacies		175	-
Grants		1,500	-
Fees		30,681	34,100
Government Grants		4,313	-
		36,987	35,206
Investment income
Rental Income		240	1,421
Deposit account interest		1	2
		241	1,423
Total incoming resources		37,228	36,629
EXPENDITURE
Support costs
Management
Staff Costs		22,193	22,717
Rates and water		848	742
Insurance		586	582
Light and heat		1,502	1,483
Telephone		532	499
Sundry Exp inc Arts & Crafts		2,921	2,616
Training Costs		-	614
Repairs & Renewals		537	717
Refreshments		1,307	1,447
Fixtures and fittings		48	63
		30,474	31,480
Governance costs
Auditors' remuneration		300	300
Total resources expended		30,774	31,780
Net income		6,454	4,849

This page does not form part of the statutory financial statements

Page 10