Happy Tots Balance Sheet 31st August 2022
| £ | £ | |
|---|---|---|
| Fixed Assets | ||
| Plant & Machinery | 291 | |
| Office Equipment | 230 | |
| Fixtures & Fittings | 170 | |
| 691 | ||
| Current Assets | ||
| Cash At Bank And In Hand | 59,755 | |
| Debtors | 1,209.00 | |
| Creditors : Amounts Due | ||
| Within 1 Year | 39,112 | |
| Net Current Assets | 21,852 | |
| Long Term Liabilities | ||
| Bounceback Loan | 4,306 | |
| Net Assets | 18,237 | |
| Unrestricted Funds | ||
| General Funds | 18,237 | 18,237 |
| Total Funds | 18,237 |
- Happy Tots Pre School Income / Expenditure Year Ending 31st August 2022
| Income Grants & Funding 275,139 Charitable Activities 28,076 Direct Costs Charitable Activities 8,042 Overheads Support Costs - Rent and Rates 19,251 Support Costs - Travelling Expenses 1,509 Support Costs - Printing and Stationery 1,171 Support Costs - Telephone and Computer 2,535 Support Costs - Equipment Hire and Rental 2,352 Support Costs - Maintenance 16,876 Support Costs - General Expenses 5,494 Management & Admin - Gross Wages 265,002 Management & Admin - Professional Fees 6,355 Net Surplus : |
303,215 8,042 295,173 320,545 |
|---|---|
| -25,372 |
- Happy Tots Pre School Financial Review For The Period Ending 31[st] August 2022
Financial Review
For the 12 month period ending 31[st] August 2022, the charity suffered a deficit of £25,372.. The majority of the income received was from council funding. The other significant element being term fees paid by parents.
The most significant costs were for staff wages, rent & activity resources.
Notes Forming Part Of The Financial Statements For The Period Ending 31[st] August 2022
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
a) Basis Of Accounting
The financial statements have been prepared under the historical cost convention.
Depreciation Of fixed assets is calculated on reducing balance at 15%.
b) Fund Accounting
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Unrestricted Funds are available for use at the discretion of the trustees in order to meet
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the objectives of the charity.
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Designated Funds are unrestricted funds which are earmarked for particular purposes.
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Restricted Funds have restrictions placed on their expenditure by the donor.
c) Incoming Resources
All income is included in the financial statements. This comprises of council funding, small grants, term fees, donations and other fundraising.
d) Resources Expended
Expenditure is recognised on an accrual basis as costs are incurred. The main expenses are for staff wages, property rent & maintenance, activity resources and professional fees.
2. Trustee Remuneration
Some of the trustees are employed directly by the charity and are actively involved on a daily basis.
3. Accounts Preparation And Independent Examination
The accounts have been independently prepared by Roy Clements FICB PM.Dip of Dales Bookkeeping.