## **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**<br>Grants & Funding<br>275,139<br>Charitable Activities<br>28,076<br>**Direct Costs**<br>Charitable Activities<br>8,042<br>**Overheads**<br>Support Costs - Rent and Rates<br>19,251<br>Support Costs - Travelling Expenses<br>1,509<br>Support Costs - Printing and Stationery<br>1,171<br>Support Costs - Telephone and Computer<br>2,535<br>Support Costs - Equipment Hire and Rental<br>2,352<br>Support Costs - Maintenance<br>16,876<br>Support Costs - General Expenses<br>5,494<br>Management & Admin - Gross Wages<br>265,002<br>Management & Admin - Professional Fees<br>6,355<br>**Net Surplus :**|303,215<br>8,042<br>295,173<br>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** 

- Unrestricted Funds are available for use at the discretion of the trustees in order to meet 

- the objectives of the charity. 

- Designated Funds are unrestricted funds which are earmarked for particular purposes. 

- 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.