King’s Buildings, Lydney, Gloucestershire, GL15 5HE Telephone: (01594) 842520 website: www.wildin.co.uk email: wildin@wildin.co.uk
OUR REF: LC/C0553B
YOUR REF:
DATE: 20th March 2025
Coalway Kids Club 63 Coalway Rd, Coalway Coleford Gloucestershire GL16 7HL
Dear Mr Pitman
I enclose an uncertified copy of your accounts for your approval, together with our Request for Payment of costs.
Would you please confirm your agreement to the accounts by signing where indicated, and then return them to us together with your cheque in settlement of our fee account. When we receive the approved accounts and payment of our fee request we will forward certified copies to you for your retention, together with a receipted Value Added Tax invoice.
Should you have any queries on these accounts then please do not hesitate to contact us.
Yours sincerely
Carla Preece FCCA
Wildin (Accountants & Auditors) Ltd • Registered Number 13792017
Directors: Deborah L. Wildin, F.C.C.A. Jacqueline A. Mannion, F.C.A. A.C.C.A. Philip J. Wildin, Cert PFS
Wildin (Accountants & Auditors) Ltd
Kings Buildings, Lydney, Gloucestershire GL15 5HE Tel: 01594 842520
Coalway Kids Club 63 Coalway Rd, Coalway Coleford Gloucestershire GL16 7HL 20/03/2025 Our Ref.: C0553B Invoice No.: 170111893
THIS IS NOT A TAX INVOICE
To professional services for work carried out on your behalf, inclusive of VAT.
These services include completion and provision of the following:
Independent Examination.
Total
£ 444.00
This amount is calculated as follows: Fee £ 370.00 VAT £ 74.00 Total £ 444.00
Our ref: C0553B/170111893 Enclosed is the sum of £
From: To: Coalway Kids Club Wildin (Accountants & Auditors) Ltd 63 Coalway Rd, Lydney Coalway Gloucestershire Coleford GL15 5HE Gloucestershire GL16 7HL
Wildin (Accountants & Auditors) Ltd • Registered Number 13792017
Directors: Deborah L. Wildin, F.C.C.A. Jacqueline A. Mannion, F.C.A. A.C.C.A. Philip J. Wildin, Cert PFS
REGISTERED CHARITY NUMBER: 1089656
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st July 2024 for Coalway Kids Club
Wildin (Accountants & Auditors) Ltd Kings Buildings Lydney Gloucestershire GL15 5HE
Coalway Kids Club
Contents of the Financial Statements For The Year Ended 31st July 2024
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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
DRAFT
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Coalway Kids Club
Report of the Trustees For The Year Ended 31st July 2024
The trustees present their report with the financial statements of the charity for the year ended 31st July 2024. 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
D W Pitman K Jukes J Savage L Childs
Independent Examiner
Wildin (Accountants & Auditors) Ltd Kings Buildings Lydney Gloucestershire GL15 5HE
Approved by order of the board of trustees on 19th March 2025 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 2024.
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
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with the applicable requirements concerning and Reports) Regulations 2008 other than any requirement across no other matters in connection with the examination
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the accounts do not accord with those records; or
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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 (Accountants & Auditors) Ltd Kings Buildings Lydney Gloucestershire GL15 5HE
19th March 2025
Page 2
Coalway Kids Club
Statement of Financial Activities For The Year Ended 31st July 2024
| 31.7.24 | 31.7.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 1,096 | - | 1,096 | 432 | |
| Other trading activities | 2 | 47,342 | - | 47,342 | 46,196 |
| Investment income | 3 | 20 | - | 20 | 321 |
| Total | 48,458 | - | 48,458 | 46,949 | |
| EXPENDITURE ON | |||||
| DRAFT Other 47,707 1,136 48,843 NET INCOME/(EXPENDITURE) 751 (1,136) (385) RECONCILIATION OF FUNDS Total funds brought forward 24,012 39,074 63,086 TOTAL FUNDS CARRIED FORWARD 24,763 37,938 62,701 |
42,836 4,113 58,973 63,086 |
The notes form part of these financial statements
Page 3
Coalway Kids Club
Balance Sheet 31st July 2024
| DRAFT Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 514 37,938 CURRENT ASSETS Cash at bank 25,142 - CREDITORS Amounts falling due within one year 8 (893) - NET CURRENT ASSETS 24,249 - TOTAL ASSETS LESS CURRENT LIABILITIES 24,763 37,938 NET ASSETS 24,763 37,938 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS The financial statements were approved by the Board of Trustees and authorised for issue on signed on its behalf by: Trustee |
31.7.24 31.7.23 Total Total funds funds £ £ 38,452 39,713 25,142 24,087 (893) (714) 24,249 23,373 62,701 63,086 62,701 63,086 24,763 24,012 37,938 39,074 62,701 63,086 19th March 2025 and were |
|---|---|
The notes form part of these financial statements
Page 4
Coalway Kids Club
Notes to the Financial Statements For The Year Ended 31st July 2024
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.
-
as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for that aggregate all cost related to the category. Where they have been allocated to activities on a basis
-
the following annual rates in order to write off each asset - 25% on reducing balance and 20% on reducing balance for particular restricted purposes within the objects
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.
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance
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. OTHER TRADING ACTIVITIES
| 31.7.24 | 31.7.23 |
|---|---|
| £ | £ |
| 47,342 | 46,196 |
Fees
Page 5
continued...
Coalway Kids Club
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.7.24 | 31.7.23 | |
| £ | £ | |
| Rental Income | - | 316 |
| Deposit account interest | 20 | 5 |
| 20 | 321 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.
| DRAFT Trustees' expenses Trustees expenses of £921 were paid to J Savage during the year (£0 - 2023) and £15 to 5. STAFF COSTS Wages and salaries The average monthly number of employees during the year was as follows: Staff No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 432 Other trading activities 46,196 Investment income 321 Total 46,949 EXPENDITURE ON Other 42,836 NET INCOME 4,113 Transfers between funds 5,157 Net movement in funds 9,270 |
D Pitman (£0 - 2023). 31.7.24 31.7.23 £ £ 34,017 30,433 34,017 30,433 31.7.24 31.7.23 5 5 Restricted Total fund funds £ £ - 432 - 46,196 - 321 - 46,949 - 42,836 - 4,113 (5,157) - (5,157) 4,113 |
D Pitman (£0 - 2023). 31.7.24 31.7.23 £ £ 34,017 30,433 34,017 30,433 31.7.24 31.7.23 5 5 Restricted Total fund funds £ £ - 432 - 46,196 - 321 - 46,949 - 42,836 - 4,113 (5,157) - (5,157) 4,113 |
D Pitman (£0 - 2023). 31.7.24 31.7.23 £ £ 34,017 30,433 34,017 30,433 31.7.24 31.7.23 5 5 Restricted Total fund funds £ £ - 432 - 46,196 - 321 - 46,949 - 42,836 - 4,113 (5,157) - (5,157) 4,113 |
|---|---|---|---|
| 46,949 | |||
| 42,836 | |||
| 4,113 - |
|||
| 4,113 |
Page 6
continued...
Coalway Kids Club
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 14,742 | 44,231 | 58,973 | |||
| TOTAL FUNDS CARRIED FORWARD | 24,012 | 39,074 | 63,086 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| 8. 9. |
DRAFT Freehold and Garden property fittings Project £ £ £ COST At 1st August 2023 and 31st July 2024 33,391 2,060 11,972 DEPRECIATION At 1st August 2023 - 2,000 5,710 Charge for year - 10 1,251 At 31st July 2024 - 2,010 6,961 NET BOOK VALUE At 31st July 2024 33,391 50 5,011 At 31st July 2023 33,391 60 6,262 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 £ Other creditors 893 MOVEMENT IN FUNDS Net movement |
Totals £ 47,423 7,710 1,261 8,971 38,452 39,713 31.7.23 £ 714 At |
||||
| At 1.8.23 | in funds | 31.7.24 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 24,012 | 751 | 24,763 | |||
| Restricted funds | ||||||
| Restricted | 39,074 | (1,136) | 37,938 | |||
| TOTAL FUNDS | 63,086 | (385) | 62,701 |
continued...
Page 7
Coalway Kids Club
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 48,458 | (47,707) | 751 | |
| Restricted funds | ||||
| Restricted | - | (1,136) | (1,136) | |
| DRAFT TOTAL FUNDS 48,458 (48,843) Comparatives for movement in funds Net Transfers movement between At 1.8.22 in funds funds £ £ £ Unrestricted funds General fund 14,742 4,113 5,157 Restricted funds Restricted 44,231 - (5,157) TOTAL FUNDS 58,973 4,113 - Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 46,949 (42,836) |
(385) At 31.7.23 £ 24,012 39,074 63,086 Movement in funds £ 4,113 |
|||
| TOTAL FUNDS | 46,949 | (42,836) | 4,113 |
continued...
Page 8
Coalway Kids Club
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.8.22 | in funds | funds | 31.7.24 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 14,742 | 4,864 | 5,157 | 24,763 | |
| Restricted funds | |||||
| Restricted | 44,231 | (1,136) | (5,157) | 37,938 | |
| 10. | DRAFT TOTAL FUNDS 58,973 3,728 - 62,701 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 95,407 (90,543) 4,864 Restricted funds Restricted - (1,136) (1,136) TOTAL FUNDS 95,407 (91,679) 3,728 RELATED PARTY DISCLOSURES The following related party transactions occurred during the year: J Savage £921 (£0 - 2023) D Pitman £15 (£0 - 2023) |
Page 9
Coalway Kids Club
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| For The Year Ended 31st July 2024 | |||
| 31.7.24 | 31.7.23 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 1,096 | 432 | |
| Other trading activities | |||
| Fees | 47,342 | 46,196 | |
| Investment income | |||
| Rental Income | - | 316 | |
| Deposit account interest | 20 | 5 | |
| Total incoming resources EXPENDITURE Support costs Management Staff Costs Rates and water Insurance Light and heat Telephone Sundry Exp inc Arts & Crafts Repairs & Renewals Refreshments Fixtures and fittings Garden project depn Governance costs Auditors' remuneration Total resources expended |
DRAFT 20 48,458 34,017 686 812 2,195 642 4,405 2,444 1,936 10 1,252 48,399 444 48,843 |
321 46,949 30,433 576 818 1,942 633 3,757 468 2,203 20 1,566 42,416 420 42,836 |
|
| Net (expenditure)/income | (385) | 4,113 |
This page does not form part of the statutory financial statements
Page 10