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Company Number: 04448939
DUNNINGTON CHILDREN
A company limited by guarantee and a registered charity number 1093097
ANNUAL REPORT AND ACCOUNTS
for the year ended
31 March 2024
UNAUDITED
HPH Chartered Accountants 54 Bootham YORK YO30 7XZ
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DUNNINGTON CHILDREN ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
| CONTENTS | page |
|---|---|
| Directors' and Trustees' Annual Report | 1 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities and Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 - 16 |
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DUNNNGTON CHILDREN
DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in presenting their report along with the Financial Statements for the year ended 31st March 2024.
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. We have also referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing our aims and objectives for the year.
Objectives and Activities
Objectives
Adjoining the local village school, Dunnington Children trading as Over the Rainbow Pre-school is at the heart of our community, providing Early Years Education for all eligible children in the area.
As a non-profit organisation, we're proud of the service we provide to local families and the fun, nurturing, safe learning environment we offer our children. Parents can access our childcare in ways that fit in better with work.
How our activities deliver public benefit
Dunnington Children trading as Over the Rainbow Pre-School, is monitored by OFSTED and along with meeting all their requirements, the charity provides quality access to the national Early Years Curriculum for all eligible children, by:
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Preparing pre-school children (ages 2 to 4 years) for entry to the statutory education system and acting as a feeder for the local primary school
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Providing Breakfast Club, After-School Club and Holiday Club for children up to the age of 12 years old
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Working in partnership with parents and, where possible, offering flexibility around sessions to support working parents
Achievements and Performance
Child numbers remained consistent with 2023. Although we saw a decrease of 5% in fee paying children, the amount of funded children increased by 12%. We expect this trend to continue further into 2024/2025 as a result of the increase in the funded hours offered to 2-year-old working families by the Government.
Although we can report a 1% increase in total sales, we experienced an 8% rise in total costs this year, of which was mostly attributed to the investments in staff and the increase to the minimum wage.
During the year staff received Makaton training to support children at the setting with additional needs. This has been adopted by all staff and warmly accepted by the children.
Children moving up to school in the year transitioned well following handovers with school staff.
We continue to operate ‘soft openings’ allowing a smoother transition for children and families at drop off.
We have been delighted to be able to continue offering assisted places this year to families and children who could not otherwise have afforded to attend.
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DUNNNGTON CHILDREN
DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Overview and Future Plans
To further invest in the pre-school outside space offering and to maintain the inside space to a suitable standard.
Reinvestment of funds to replace the boiler and radiators to ensure that the premises remain warm and welcoming throughout the year.
The recruitment of an accomplished manager and capable practitioner, committed to continue the high quality of education and development we strive for. The manager appointed will take over from the manager who formally resigned on the 17/03/2024.
To continue to work co-operatively with the school and continue the successful sharing lunch provision to allow preschool children access to a hot lunchtime meal.
To continue to work in partnership with the City of York’s Early Years Shared Foundation Partnership which is a collective group of schools and childcare providers in the local area.
To continue to monitor changing guidance and policy ensuring that robust and dynamic risk assessments remain in place. Safety of children, parents and staff remain the highest priority.
Financial Review
Total receipts for the year to 31 March 2024 amounted to £251,713 (year ended 31 March 2023 £250,728).
Total payments for the year to 31 March 2024 amounted to £235,888 (year ended 31 March 2023 £217,571).
The charity holds £148,662 in their bank account (year ended 31 March 2023 £138,095).
It is the policy of the charity to hold reserves to provide working capital for its continued operations. At the end of the year, the total reserves held in unrestricted funds amounted to £151,866 (year ended 31 March 2023 - £136,941) with £nil restricted funds (2023 £Nil). These funds are held in accordance with the charitable objectives of the company.
Reserves Policy
The charity has a policy of holding sufficient working capital to ensure the sustainability of the charity. The trustees consider this to be equivalent to 3 months of staff costs, with any additional reserves to be reinvested in improving the current facilities and running of the setting.
Risk Management Policy
The Directors and Trustees have assessed the major risks to which the Charitable Company is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems are in place to mitigate the exposure to the major risks.
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DUNNNGTON CHILDREN
DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Structure, Governance and Management
The Company was incorporated on 28 May 2002 as a Company Limited by Guarantee, company number 04448939. The Company was registered as a charity on 23 July 2002, registration number 1093097. The Company’s registered office is Dunnington Primary School, Church Lane, Dunnington, York, North Yorkshire, Y019 5QG. The Charity’s governing document is its Memorandum and Articles of Association dated 28 May 2002, as amended by special resolutions dated 27 November 2003 and 31 March 2006.
The Company changed its name on 6 December 2003 from Dunnington Playgroup and Tiddlers to Dunnington Children (trading as Over The Rainbow) and extended its charity objects to include the provision of out of school care in the morning and afternoon to children of primary school age.
On 22 December 2003 the Company then merged the activities and funds of the Dunnington Out of School Club into its charitable objectives and results.
An Extraordinary General Meeting was held on 31 March 2006 at which, following the approval of the Charity Commission, the Articles of Association were changed so that two classes of members could be formed; one for parents and carers of children and one for more formal members, who would have voting rights at General Meetings.
No remuneration or benefits were received by any of the Directors or Trustees who held posts during the year in respect of their services to the Charitable Company.
Appointments and re-appointments of Directors and Trustees were made by the members of the Company at the Committee Meetings of the Charitable Company. Attempts to recruit for new trustees are made via newsletters to parents and to the local community on social media.
Reference and Administrative Information
The Charity’s registered name is Dunnington Children, charity registration number 1093097, company number 04448939 and registered office Church Lane, Dunnington, YORK, YO19 5QG.
The Charity’s Trustees, who are also known as the Management Committee and are also the Charitable
Company’s directors, in office during the year were:
Committee members: Harriet Robinson – Chair Abigail Starzynski (appointed 13 July 2023) – Treasurer Claire Robinson (appointed 18 July 2023) Sarah Murch (resigned 15 January 2024)
Paul Sudell Major (appointed 26 June 2023, resigned 25 June
2024)
Lorraine Friend-Thomas (appointed 4 January 2023, resigned 5 October 2023)
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DUNNNGTON CHILDREN
DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
The Charitable Company’s agents and advisors were:
Bankers: HSBC Bank plc Parliament Street YORK YO1 8XS Independent Examiner: Sarah Wearing FCA, DChA HPH Chartered Accountants 54 Bootham YORK YO30 7XZ
Responsibilities of the Management Committee
Statement of Directors’ and Trustees’ Responsibilities
The purpose of this statement is to distinguish the Directors’ and Trustees’ responsibilities for the accounts from those of the Independent Examiner as stated in her report.
Company and charity law require the Directors and Trustees respectively to prepare accounts for each financial year which give a true and fair view of the Charitable Company’s state of affairs at the end of the year and of its financial activities for that year. In preparing those accounts the Directors and Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts;
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prepare the accounts on the going concern basis unless it is inappropriate to assume that the Charitable Company will continue in operation.
The Directors and Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that the accounts comply with the Companies Act 2006 and applicable charity law. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
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DUNNNGTON CHILDREN
DIRECTORS’ AND TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Exemption
This report has been prepared in accordance with the small company’s regime under the Companies Act 2006.
Approved by Dunnington Children trading as Over the Rainbow on 18 December 2024 and signed on its behalf by:
……………………
Harriet Robinson
Chair
…………………….
Abigail Starzynski
Treasurer
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DUNNINGTON CHILDREN
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Sarah Wearing FCA, DChA HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ
18 December 2024
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DUNNINGTON CHILDREN STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Charitable activities | 2 | 246,536 | - | 246,536 | 245,130 |
| Other | 5,087 | - | 5,087 | 5,575 | |
| Investments | 90 | - | 90 | 23 | |
| Total Income | 251,713 | - | 251,713 | 250,728 | |
| Expenditure on: | |||||
| Charitable activities | 235,888 | - | 235,888 | 217,571 | |
| Total Expenditure | 4 | 235,888 | - | 235,888 | 217,571 |
| Net income | 3 | 15,825 | - | 15,825 | 33,157 |
| Transfers between funds | - | - | - | - | |
| Net movement in funds | 15,825 | - | 15,825 | 33,157 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 136,041 | - | 136,041 | 102,884 | |
| Total funds carried forward | £ 151,866 | £ - | £ 151,866 | £ 136,041 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 16 form part of these accounts.
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DUNNINGTON CHILDREN BALANCE SHEET AS AT 31 MARCH 2024
Company Number: 04448939
| Note | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets: | |||||
| Tangible assets | 6 | 4,440 | 346 | ||
| Total Fixed Assets | 4,440 | 346 | |||
| Current assets: | |||||
| Debtors | 7 | 17,103 | 12,424 | ||
| Cash at bank and in hand | 148,662 | 138,095 | |||
| Total Current Assets | 165,765 | 150,519 | |||
| Liabilities: | |||||
| Creditors: amounts falling due within one year | 8 | (18,339) | (14,824) | ||
| Net current assets | 147,426 | 135,695 | |||
| Total assets less current liabilities | 151,866 | 136,041 | |||
| Total Net Assets | £ 151,866 | £ 151,866 | £ 136,041 | £ 136,041 | |
| The funds of the charity: | |||||
| Unrestricted funds | 9 | 151,866 | 136,041 | ||
| Restricted funds | - | - | |||
| Total Charity Funds | £ 151,866 | £ 151,866 | £ 136,041 | £ 136,041 |
In the Directors' and Trustees' opinion the charitable company was entitled under section 477 of the Companies Act 2006 ('the Act') to exemption from the audit of its accounts for the year ended 31 March 2024. No notice from members requiring an audit has been deposited under section 476 of the Act in relation to its accounts for the financial period. The Directors and Trustees are responsible for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial period and of its incoming resources and its application of resources for each period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with its requirements, so far as applicable to the charitable company.
The accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to small companies.
Approved by the Board on 18 December 2024
and signed on its behalf by:
Harriet Robinson Abi Starzynski Chair Treasurer
The notes on pages 9 to 16 form part of these accounts.
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
The accounts have been prepared in accordance with 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) - (Charities SORP (FRS 102)), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Dunnington Children meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The Charitable Company is a private company limited by guarantee, incorporated in England. The address of the registered office is: Church Lane, Dunnington, YORK, North Yorkshire, YO19 5QG.
b) Preparation of the accounts on a going concern basis
The Charitable Company has cash resources and has no requirement for external funding. The directors and trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.
c) Tangible fixed assets
All assets costing more than £500 are capitalised at cost.
Depreciation is provided on all tangible fixed assets in use at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment – Straight line over 5 and 10 years
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
d) Income
Charges for childcare services are accounted for in the year in which the service is provided.
Gifts and donations are accounted for when received.
Investment income is accounted for in the year on a receivable basis.
e) Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Expenditure on charitable activities relates to activities undertaken to further the purposes of the charity and includes their associated support costs.
Governance costs include those costs associated with meeting the constitutional requirements of the charity and include the independent examiner’s fees and costs linked to the strategic management of the charity.
Certain expenditure is directly attributable to specific activities and has been included in those categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.
All expenditure is accounted for on an accruals basis and includes the irrecoverable element of Value Added Tax.
f) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
g) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
h) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
i) Fund Accounting
Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the directors/trustees. Designations of unrestricted funds are made at the directors’/trustees’ discretion in order to make allocations for anticipated future expenditure.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a particular purpose.
Restricted funds are funds which are subject to specific trusts, either declared by the donor when making the donation or grant conditions, or accepted by the donor in responding to a specific appeal.
j) Financial instruments
The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
k) Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
2. INCOME FROM CHARITABLE ACTIVITIES
| Fee income Government Early Years/Pathfinder funding All income relates to unrestricted funds. |
Total 2024 £ 157,251 89,285 |
Total 2023 £ 165,494 79,636 |
|---|---|---|
| £ 246,536 | £ 245,130 | |
3. NET INCOME/EXPENDITURE FOR THE YEAR
| 2024 | 2023 | |
|---|---|---|
| The surplus for the year is stated after charging: | £ | £ |
| Depreciation | 1,456 | 529 |
| Independent Examiner's remuneration | 1,796 | 1,690 |
| Other fees paid to Examiner | 1,469 | 846 |
4. TOTAL EXPENDITURE
| Charitable activities Cost of childcare provision Governance costs |
Staff Costs £ 154,343 - |
Support Costs 79,749 1,796 |
Total Total 2024 2023 £ £ 234,092 215,881 1,796 1,690 £ 235,888 £ 217,571 |
|---|---|---|---|
| £ 154,343 | £ 81,545 |
In 2024, no expenditure related to restricted funds (2023 - £Nil)
5. STAFF COSTS AND TRUSTEES' REMUNERATION
| Gross salaries and wages Employer's NIC Employer's pension contributions |
2024 2023 £ £ 141,480 124,959 10,063 8,587 2,800 2,281 £ 154,343 £ 135,827 |
|---|---|
The average number of employees in the year was 8 (2023 - 9), all involved with the provision of childcare. There were no employees with emoluments above £60,000 in the year.
No remuneration, benefits or expenses were received by any of the Directors or Trustees who held posts during the year in respect of their services to the Charitable Company.
The key management personnel of the Charitable Company comprise the Directors/Trustees and the Club Manager. The total employee benefits of the key management personnel were £34,547 (2023 - £30,865).
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
6. FIXED ASSETS
| Cost: At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation: At 1 April 2023 Charge for the year On disposals At 31 March 2024 Net book values 31 March 2024 31 March 2023 EBTORS Trade debtors Prepayments and accrued income |
Fixtures, fittings & equipment £ 53,720 5,550 (3,772) |
Total £ 53,720 5,550 (3,772) |
|---|---|---|
| 55,498 | 55,498 | |
| 53,374 1,456 (3,772) |
53,374 1,456 (3,772) |
|
| 51,058 | 51,058 | |
| £ 4,440 | £ 4,440 | |
| £ 346 | £ 346 | |
| Total 2024 £ 12,456 4,647 |
Total 2023 £ 11,354 1,070 |
|
| £ 17,103 | £ 12,424 |
7. DEBTORS
All debtors relate to unrestricted funds.
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
8. CREDITORS: amounts falling due within one year
| Trade creditors Accruals and deferred income |
Total Total 2024 2023 £ £ 11,574 7,157 6,765 7,667 £ 18,339 £ 14,824 |
|---|---|
All creditors falling due within one year relate to unrestricted funds.
9. ACCUMULATED FUNDS
| Current year Unrestricted funds Restricted funds Comparative year Unrestricted funds Restricted funds |
Balance b/f 01/04/2023 £ 136,041 - |
Incoming Resources £ 251,713 - |
Resources Expended £ (235,888) - |
Transfers £ - - |
Balance c/f 31/03/2024 £ 151,866 - |
|---|---|---|---|---|---|
| £ 136,041 | £ 251,713 | £ (235,888) | £ - | £ 151,866 | |
| Balance b/f 01/04/2022 £ 102,884 - |
Incoming Resources £ 250,728 - |
Resources Expended £ (217,571) - |
Transfers £ - - |
Balance c/f 31/03/2023 £ 136,041 - |
|
| £ 102,884 | £ 250,728 | £ (217,571) | £ - | £ 136,041 |
10. ANALYSIS OF THE CHARITY'S NET ASSETS BY FUND
| Current year Unrestricted funds Restricted funds Comparative year Unrestricted funds Restricted funds |
Fixed assets £ 4,440 - |
Net current assets £ 147,426 - |
Total 2024 £ 151,866 - |
|---|---|---|---|
| £ 4,440 | £ 147,426 | £ 151,866 | |
| Fixed assets £ 346 - |
Net current assets £ 135,695 - |
Total 2023 £ 136,041 - |
|
| £ 346 | £ 135,695 | £ 136,041 |
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
11. TRANSACTIONS WITH RELATED PARTIES
The Charitable Company has a Transfer of Control Agreement with the Governors of Dunnington Primary School in respect of the use of premises at the school site. The agreement stipulates that the rent will remain fixed at £8,000 for the first five years, commencing March 2004, after which it will be subject to increases in line with the "Harmonised Consumer Price Index". The agreed annual rent has not changed since the initial period ended.
The Charitable Company has taken out indemnity insurance on behalf of the Trustees. This cover is part of the general insurance provision and the cost is not separately identifiable.
A management contract exists between the Charitable Company and York Childcare Out of School Support Service Ltd. Management charges of £25,171 (2023 - £23,740) were paid to York Childcare Out of School Support Service Ltd for services provided to the Charitable Company. At the year end the Charitable Company owed £3,566 (2023 - £3,734) to York Childcare Out of School Support Service Ltd.
There were no other related party transactions.
12. TAX STATUS
As a registered charity (number 1093097), Dunnington Children is exempt from the payment of income and corporation tax on its income falling within sections 466 to 493 of the Corporation Tax Act 2010.
13. COMPANY STATUS
The Charitable Company is incorporated under the Companies Acts as a private company limited by guarantee and not having a share capital. Each member is liable, if the Charitable Company is dissolved while he, she or it remains a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charitable Company while the contributor was a member.
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DUNNINGTON CHILDREN NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024
14. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Income and endowments from: Other Investments Total Income Expenditure on: Charitable activities Total Expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Charitable activities |
Unrestricted Funds £ 245,130 5,575 23 |
Restricted Total Funds 2023 £ £ - 245,130 - 5,575 - 23 - 250,728 - 217,571 - 217,571 - 33,157 - - - 33,157 - 102,884 £ - £ 136,041 |
|---|---|---|
| 250,728 | ||
| 217,571 | ||
| 217,571 | ||
| 33,157 - |
||
| 33,157 | ||
| 102,884 | ||
| £ 136,041 |
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