1
## **Trustees’ Annual Report for the period**
## **From 01 January 2024 Period start date To 31 August 2024 Period end date**
**Charity name: Gissing Children’s Centre – a community pre-school**
## **Charity registration number: 1105120**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To enhance the development and
education of children primarily under
statutory school age by encouraging
parents to understand and provide for the
needs of their children through community
groups and by:-
(a) Offering appropriate play, education
and care facilities, family learning
and extended hours groups,
together with the right of parents to
take responsibility for, and to
become involved in, the activities of
such groups, ensuring that these
groups offer opportunities for all
children whatever their race, culture,
religion, means or ability.
(b) Encouraging the study of the needs
of such children and their families
and promoting public interest in and
recognition of such needs in the
local area;
(c) Instigating and adhering to and
furthering the objects of the Early
Years Alliance.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|To provide a high-quality, accessible and
inclusive community pre-school facility
during term time for local children aged
from two years to four years of age or the
age they start primary school. To provide
additional pre-school sessions during
summer holidays in August each year. To
operate flexible hours, to meet the
childcare needs of families and to meet the
learning and development needs of their
children.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|Trustees have had regard to this guidance.|
2
Commission on public benefit
**Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|This charity does not award grants.|
|Policy on social investment
including program related
investment|Para 1.38|N/A|
|Contribution made by
volunteers|Para 1.38|The contribution made by volunteers to the
charity continues to be substantial eg
ongoing work and governance of the
management committee both on a day-to-
day basis and in organising and running
major fundraising events two or three times
a year eg an annual Easter or Spring
event, an annual Autumn event and some
input to fundraising opportunities at
Christmas, usually the village or church
fayre. These main events are entirely
staffed by volunteers and staff
volunteering. In addition, volunteers supply
maintenance work free and obtain many
and varied resources for the group, and
provide specialist advice, free of charge (eg
Chairperson is a former Headteacher and a
Committee Member is a retired Speech &
LanguageTherapist).|
|Other||N/A|
## **Achievements and Performance**
SORP reference
3
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Upskilling of staff members to improve**
**the quality and level of service we**
**provide**
One of our pre-school leaders completed
an Early Years degree via Pen Green
Research, Development & Training Base
**We partnered up with Norfolk County**
**Council’s School and Communities**
**team to provide PEEP sessions for**
**children transitioning to school and**
**their parents**
This was hosted by us in the adjoining
community building and comprised a
programme of 3 sessions during June/July
2024 to help support specific children and
their families with the move from pre-
school/nursery to school and was designed
to improve outcomes.
**We continued to invest time and effort**
**in national initiatives to improve the**
**quality and support we provide**
Staff undertook training in the ‘Early Talk
Boost’ programme offered by the
Department for Education and Speech and
Language UK ready for delivery in
2024/2025. This will support children 3 and
4 years of age who may show some delay
with their speech and language.
**Planning and training for delivering**
**regular yoga and mindfulness sessions**
Staff members undertook yoga training so
that bespoke sessions could be offered
from September 2024 to improve the
confidence, wellbeing and self-esteem of
specific children.|
|---|---|---|
**Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
4
Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
ofthe period|Para 1.21|See Financial Statements from Newman &
Co, Accountants.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|To hold and seek to maintain, reserve
funds in the event of unforeseen closure to
cover redundancy payments to staff and to
cover rent and running costs for up to six
months.|
|Amount of reserves held|Para 1.22|Ditto|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|See Financial Statements from Newman &
Co. Accountants.|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Ditto|
|**Additional information (optional)**
You may choose to include further statements||where relevant about:|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|•
Session fees from paying families
(unfunded children);
•
2 year early years funding (both
categories) from Norfolk County
Council;
•
3 & 4 year universal and extended
(up to 30 hours) early years funding
from Norfolk County Council;
•
SENDIF discretionary inclusion
funding, as appropriate, from
Norfolk County Council;
•
Proceeds from fundraising events
and activities;
•
Donations;
•
Grants and awards.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A|
|A description of the principal
risks facing the charity|Para 1.46|•
Any substantial and long-term
reduction in demand for, or take-up
of, pre-school places;
•
If the local authority decreased or
withdrew early years funding.|
|Other|||
5
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution with formal approved by the
Early Years Alliance|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Association|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Elected by Members|
**Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Signposting to the information and
guidance provided by the Charity
Commission on their website.
Occasional training accessed via Norfolk
County Council Early Years Training for
Early Years Committees including SAFER
training.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any
related parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Gissing Children’s Centre–a community pre-school|
|---|---|
|Other name the charity uses|Gissing Children’s Centre|
|Registered charitynumber|1105120|
|Charity’s principal address|The Old School
Lower Street
Gissing
Diss
Norfolk IP22 5UJ|
|||
6
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Alison Cullum|Chairperson|||
||FelicityBrown|Secretary|||
||Victoria Jordan|Treasurer|||
||Laura Adam||||
||Linda Nash||||
||Claire Julie Tyler||||
||Christopher Tyler||||
||Pauline Coombes||Appointed 01/02/2024||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
7
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
8
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Alison Mary Cullum|Victoria Helen Jordan|
||
Chair|Treasurer|
||25thJune 2025||
||25thJune 2025||
## **THE CHILDRENS CENTRE**
## **FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 AUGUST 2024**
**Registered charity number 1105120**
**Newman & Co. Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD**
## **THE CHILDRENS CENTRE**
## **INDEX**
||**PAGE**|
|---|---|
|Legal and Administrative Information|**1**|
|Report of the Trustees|**2**|
|Independent Examiners’ Report|**3**|
|Income and Expenditure Account
|**4 & 5**|
|Notes to the Accounts
|**6 & 7**|
## **THE CHILDRENS CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Name:**|The Gissing Children’s Centre Playgroup and Pre-School|The Gissing Children’s Centre Playgroup and Pre-School|
|---|---|---|
|**Registration Number:**|1105120||
|**Trustees/Committee of Management**:|A Cullum||
||V Jordan||
||L Nash||
||F Brown||
||L Adam|(Resigned 11 February 2025)|
||P Coombes||
||C Tyler||
||C J Tyler||
|**Collector/Chairperson:**|A Cullum||
|**Secretary:**|F Brown||
|**Treasurer:**|V Jordan||
|**Registered Office:**|The Old School||
||Lower Street||
||Gissing||
||Diss||
||Norfolk||
||IP22 5UJ||
|**Bankers:**|HSBC||
||1 Mount Street||
||Diss||
||Norfolk||
||IP22 3QD||
|**Independent Examiner:**|Waveney Accountants Limited t/a||
||Newman & Co||
||4b Church Street||
||Diss||
||Norfolk||
||IP22 4DD||
Page 1
**THE CHILDRENS CENTRE REPORT OF THE TRUSTEES**
The charity reference and administrative details including those of the Trustees who also form the Committee of Management are set out on page 1.
## **STATEMENT OF RESPONSIBILITIES OF THE COMMITTEE**
The Trustees are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Committee of Management to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these accounts, the Committee are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP 2015 (FRS102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **PRINCIPAL OBJECTIVES**
The principal objectives of the Charity are to advance the education of children below compulsory school age within a five mile radius of Gissing.
## **REVIEW OF THE CHARITY’S ACTIVITIES FOR THE PERIOD**
The results for the year and financial position of the charity are as shown in the annexed financial statements.
## **RESERVES POLICY**
The funds in the bank account are retained to ensure that the Children’s Centre has the funds to meet six months normal expenditure for the charity in the event of reduced levels of funding, or any other unforeseen circumstances.
## **PUBLIC BENEFIT**
In all decision making the Committee have due regard to the guidance published by the Charity Commission in relation to public benefit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is governed by its constitution document adopted on 28[th] October 2002 and subsequently amended on 9[th] December 2013 and 10[th] February 2016.
The committee is made up of volunteers who give up their time to take on roles and the leader of the centre. The committee have no formal training or induction and roles are taken and learnt as the year progresses.
Day-to-day management is delegated to L Nash.
This report was approved by the Committee of Management on………………………………2025
(Signed)……………………………………….. A Cullum - Collector/Chairperson
Page 2
## **THE CHILDRENS CENTRE**
## **INDEPENDENT EXAMINER’S REPORT**
## **PERIOD ENDED 31 AUGUST 2024**
## **Independent examiner’s report to the trustees of The Childrens Centre**
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31[st] August 2024 which are set out on pages 4 to 7.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all of the 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 aspect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Signed:
Name: Leslie Newman FCA
Address: Newman & Co, 4b Church Street Diss Norfolk IP22 4DD
Date:
Page 3
## **THE CHILDRENS CENTRE INCOME AND EXPENDITURE ACCOUNT PERIOD ENDED 31 AUGUST 2024**
|**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**INCOME**
Fees
16,250
-
Fund-raising
1,721
-
Interest Received
374
-
Nursery Vouchers
105,444
-
Donation
Grants
Sundry Income
3,005
910
-
-
-
-
**_______**
**£127,704**
**_____**
-
**EXPENDITURE**
**Direct Charitable**
**Expenditure**
Wages
94,169
700
Pension
Professional Fees
2,874
572
-
-
Maintenance
120
-
Rent
6,403
-
Consumables
3,414
-
Insurance
946
-
Photocopying & Stationery
281
-
IT and internet
Telephone
378
269
1,089
-
Adverts
286
500
Equipment Purchases
463
-
Sundries
451
-
Training
233
-
Membership
Clothing & Uniform
788
215
-
-
Light, Heat & Water
1,934
-
Waste
955
-
_______
**£114,751**
_______
**£2,289**|**2024**
**Total**
**£**
16,250
1,721
374
105,444
3,005
910
-
**_______**
**£127,704**
94,869
2,874
572
120
6,403
3,414
946
281
1,467
269
786
463
451
233
788
215
1,934
955
_______
**£117,040**|**2023**
**Total**
**£**
23,501
3,124
446
127,206
4,010
1,177
175
_______
**£159,639**
122,083
3,964
1,224
438
9,326
5,497
1,195
79
762
154
214
3,665
280
1,353
684
314
3,970
1,176
_______
**£156,378**|
|---|---|---|
Page 4
**THE CHILDRENS CENTRE BALANCE SHEET PERIOD ENDED 31 AUGUST 2024**
|**NET INCOME FOR YEAR**
**FUNDS AT 31 DECEMBER 2023**
**FUNDS AT 31 AUGUST 2024**
UNRESTRICTED FUNDS
RESTRICTED FUNDS
**TOTAL FUNDS AT 31 AUGUST 2024**
**Represented by**
**Balances at:**
HSBC – Account 1
HSBC – Account 2
HSBC – Account 3
Cash
Debtors and Prepayments
Accruals|**2024**
**£**
10,664
30,978
______
**£41,642**
41,642
-
______
**£41,642**
11,228
44,202
22
76
2,133
(16,019)
______
**£41,642**|**2023**
**£**
3,261
27,717
______
**£30,978**
28,689
2,289
______
**£30,978**
7,340
32,141
59
76
2,675
(11,313)
_____
**£30,978**|
|---|---|---|
…………………………………………………………………..
Approved by the Committee on ……………….….. 2025
Page 5
**THE CHILDRENS CENTRE NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 AUGUST 2024**
## **1 Accounting policies**
## **Charity information**
Gissing Children's Centre is a constitution adopted on 28 October 2002 as amended on 9 December 2013 as amended on 10 February 2016.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Change of reporting period**
The charity has shortened the accounting period to 31 August 2024 to be in line with the academic year. For this reason, comparative amounts presented in the financial statements (including the related notes) are not i l bl entirely comparable.
## **1.3 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.4 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.5 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Page 6
**THE CHILDRENS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) PERIOD ENDED 31 AUGUST 2024**
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **2. Trustees remuneration**
Payments of £17,213 (2023 – 23,683) were made to trustees under the terms of employment contract which are agreed by the committee.
## **3. Staff Costs**
The average monthly number of employees during the year was 12 (2023 - 13).
No employees received emoluments in excess of £60,000.
Page 7
## **THE CHILDRENS CENTRE**
## **FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 AUGUST 2024**
**Registered charity number 1105120**
**Newman & Co. Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD**
## **THE CHILDRENS CENTRE**
## **INDEX**
||**PAGE**|
|---|---|
|Legal and Administrative Information|**1**|
|Report of the Trustees|**2**|
|Independent Examiners’ Report|**3**|
|Income and Expenditure Account
|**4 & 5**|
|Notes to the Accounts
|**6 & 7**|
## **THE CHILDRENS CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Name:**|The Gissing Children’s Centre Playgroup and Pre-School|The Gissing Children’s Centre Playgroup and Pre-School|
|---|---|---|
|**Registration Number:**|1105120||
|**Trustees/Committee of Management**:|A Cullum||
||V Jordan||
||L Nash||
||F Brown||
||L Adam|(Resigned 11 February 2025)|
||P Coombes||
||C Tyler||
||C J Tyler||
|**Collector/Chairperson:**|A Cullum||
|**Secretary:**|F Brown||
|**Treasurer:**|V Jordan||
|**Registered Office:**|The Old School||
||Lower Street||
||Gissing||
||Diss||
||Norfolk||
||IP22 5UJ||
|**Bankers:**|HSBC||
||1 Mount Street||
||Diss||
||Norfolk||
||IP22 3QD||
|**Independent Examiner:**|Waveney Accountants Limited t/a||
||Newman & Co||
||4b Church Street||
||Diss||
||Norfolk||
||IP22 4DD||
Page 1
**THE CHILDRENS CENTRE REPORT OF THE TRUSTEES**
The charity reference and administrative details including those of the Trustees who also form the Committee of Management are set out on page 1.
## **STATEMENT OF RESPONSIBILITIES OF THE COMMITTEE**
The Trustees are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Committee of Management to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these accounts, the Committee are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP 2015 (FRS102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **PRINCIPAL OBJECTIVES**
The principal objectives of the Charity are to advance the education of children below compulsory school age within a five mile radius of Gissing.
## **REVIEW OF THE CHARITY’S ACTIVITIES FOR THE PERIOD**
The results for the year and financial position of the charity are as shown in the annexed financial statements.
## **RESERVES POLICY**
The funds in the bank account are retained to ensure that the Children’s Centre has the funds to meet six months normal expenditure for the charity in the event of reduced levels of funding, or any other unforeseen circumstances.
## **PUBLIC BENEFIT**
In all decision making the Committee have due regard to the guidance published by the Charity Commission in relation to public benefit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is governed by its constitution document adopted on 28[th] October 2002 and subsequently amended on 9[th] December 2013 and 10[th] February 2016.
The committee is made up of volunteers who give up their time to take on roles and the leader of the centre. The committee have no formal training or induction and roles are taken and learnt as the year progresses.
Day-to-day management is delegated to L Nash.
This report was approved by the Committee of Management on………………………………2025
(Signed)……………………………………….. A Cullum - Collector/Chairperson
Page 2
## **THE CHILDRENS CENTRE**
## **INDEPENDENT EXAMINER’S REPORT**
## **PERIOD ENDED 31 AUGUST 2024**
## **Independent examiner’s report to the trustees of The Childrens Centre**
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31[st] August 2024 which are set out on pages 4 to 7.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all of the 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 aspect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Signed:
Name: Leslie Newman FCA
Address: Newman & Co, 4b Church Street Diss Norfolk IP22 4DD
Date:
Page 3
## **THE CHILDRENS CENTRE INCOME AND EXPENDITURE ACCOUNT PERIOD ENDED 31 AUGUST 2024**
|**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
**INCOME**
Fees
16,250
-
Fund-raising
1,721
-
Interest Received
374
-
Nursery Vouchers
105,444
-
Donation
Grants
Sundry Income
3,005
910
-
-
-
-
**_______**
**£127,704**
**_____**
-
**EXPENDITURE**
**Direct Charitable**
**Expenditure**
Wages
94,169
700
Pension
Professional Fees
2,874
572
-
-
Maintenance
120
-
Rent
6,403
-
Consumables
3,414
-
Insurance
946
-
Photocopying & Stationery
281
-
IT and internet
Telephone
378
269
1,089
-
Adverts
286
500
Equipment Purchases
463
-
Sundries
451
-
Training
233
-
Membership
Clothing & Uniform
788
215
-
-
Light, Heat & Water
1,934
-
Waste
955
-
_______
**£114,751**
_______
**£2,289**|**2024**
**Total**
**£**
16,250
1,721
374
105,444
3,005
910
-
**_______**
**£127,704**
94,869
2,874
572
120
6,403
3,414
946
281
1,467
269
786
463
451
233
788
215
1,934
955
_______
**£117,040**|**2023**
**Total**
**£**
23,501
3,124
446
127,206
4,010
1,177
175
_______
**£159,639**
122,083
3,964
1,224
438
9,326
5,497
1,195
79
762
154
214
3,665
280
1,353
684
314
3,970
1,176
_______
**£156,378**|
|---|---|---|
Page 4
**THE CHILDRENS CENTRE BALANCE SHEET PERIOD ENDED 31 AUGUST 2024**
|**NET INCOME FOR YEAR**
**FUNDS AT 31 DECEMBER 2023**
**FUNDS AT 31 AUGUST 2024**
UNRESTRICTED FUNDS
RESTRICTED FUNDS
**TOTAL FUNDS AT 31 AUGUST 2024**
**Represented by**
**Balances at:**
HSBC – Account 1
HSBC – Account 2
HSBC – Account 3
Cash
Debtors and Prepayments
Accruals|**2024**
**£**
10,664
30,978
______
**£41,642**
41,642
-
______
**£41,642**
11,228
44,202
22
76
2,133
(16,019)
______
**£41,642**|**2023**
**£**
3,261
27,717
______
**£30,978**
28,689
2,289
______
**£30,978**
7,340
32,141
59
76
2,675
(11,313)
_____
**£30,978**|
|---|---|---|
…………………………………………………………………..
Approved by the Committee on ……………….….. 2025
Page 5
**THE CHILDRENS CENTRE NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 AUGUST 2024**
## **1 Accounting policies**
## **Charity information**
Gissing Children's Centre is a constitution adopted on 28 October 2002 as amended on 9 December 2013 as amended on 10 February 2016.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Change of reporting period**
The charity has shortened the accounting period to 31 August 2024 to be in line with the academic year. For this reason, comparative amounts presented in the financial statements (including the related notes) are not i l bl entirely comparable.
## **1.3 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.4 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.5 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Page 6
**THE CHILDRENS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) PERIOD ENDED 31 AUGUST 2024**
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **2. Trustees remuneration**
Payments of £17,213 (2023 – 23,683) were made to trustees under the terms of employment contract which are agreed by the committee.
## **3. Staff Costs**
The average monthly number of employees during the year was 12 (2023 - 13).
No employees received emoluments in excess of £60,000.
Page 7