REGISTERED COMPANY NUMBER: 04333012 (England and Wales} REGISTERED CHARITY NUMBER: 1108217 Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for st Gabrlel's Area Partnershlp Enabling Play and Learning for Everyone Limited SB&P Chartered Accountants Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP
St Gabriel's Area Partnershlp Enabling Play and Learnlng for Everyone Llmlted Contsnts of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent ExamineVs Report Statement of Financlal Actlvities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statemont 10 Notes to the Flnanclal Statements 11 to 16 Detailed Statement of Financial Actlvltles 17
St Gabriel's Area Partnership Enabling Play and Learning for Everyone Limited Report of the Trustees forthe Year Ended 31 March 2024 The trustees who are also dlre¢tors of the charity for the purposes of the Companles Act 2006, presant their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provislons of Accounting and Reporting by Charitses: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financlal Reportlng Standard appllcable In th8 UK and R6publlc of Ireland (FRS 102) (effecttve 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and aims The Apple Trust, the operating name of St Gabrlel's Area Partnershlp Enabllng Play and Leamlng for Everyone Ltd has alms to: Advance the 6duc8tlon of children and young people resldent In the area, In particular but not excluslvely through the provlslon of nursery, day and after school care servlces, and To provide a lunch club, meals and other activities to engage local resld8nts in the area wlth th8 object of Improvlng their condition of Ilfe arlslng from different and often challenging circumstances. Public benei7t As trustees of the charity we have complled with section 4 of the 2006 Charllles Act, havlng due regard to guidance published by the Charily Commlssion in respect of public benefit. Our Achievement and Performance for the ftnandal year set8 Out how we have met our re-sponsibilitle8 for the year to 31st March 2024 Page 1
st Gabriel's Area Partnership Enabling Play and Learning for Everyone Llmlted Report of the Trustee8 for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities Firstly. I want to say Ihank you, to our hard working and committed staff and volunteers who have enabled us to continue our recovery from the pandemic, continuing to provide exceptional childcare and sUPPOrt. Thanks too to our parents and carers. for their commttTnenl and loyalty particularly in a cost of living crisis which inevttably has resulted in rising costs throughout The Apple Trust operations. We have trled to minimise the impact of these through efficiencies and re-structuring. however we have had to raise fees along with most other businesseslcharÈties and we are so grateful for everyone's support and understsnding. Resilien is the ability to 'bounce back. afler challenges and tough times. In The Apple Trust. we are used to supporting children as they face change for example starting with us or transition into school. We pride ourselves in supporting families as they fa all manner of challenges in life, from povety and deprivation related health and mental health issues to divorce. separation and bereavement. In our most rent two annual reports. l outllned the challenges of recruitrnent and how we were relying on agency support, which was not sustainable for many different reasons including financially. Last year I provided an update that we had been successful in recruiting and relying less on agency staff. AS we move forwards we embrace the challenge of recruitment again. but through the lens of significant expansion of numbers and government changes. At the time of writing we are making good progress, bul this is a key priority for trustees throughout the coming year, also with a view on succession planning as some staff approach their retirement. l also mentioned In last yea¢s report some of the challenges related to our site. You will find reference to expendttur8 within these accounts which relate to this. The most significanl is still ongoing, the retaining wall fracture to the access ramp, and we are working wlth consultants to find a solutlon. Delays flnding a solution to this are most frustrating, and we are actively seeklng out fresh quotations to progr6SS the works as soon as possible. We are grateful for recent HM Government annOUnmentS and look forward to these b61ng Implemented fully, although seldom do the fees provided centrally cover the full costs of care. We are however In a more sustalnable financial position as the year tums. l am confident that. considering all we have faced together, the Apple Trust is able to meet the challenges il faces, and although thls year will no doubl be challenging I hope to be able to report next year of an even more sustainable picture. Rhona's transition to buslness manager has now fully embedded and I want to pay particular thanks to her and all our managers and staff for their extraordlnary commitment to the charity. The work continues to recrult additional trustees. We succassfully recruited Reverend Kimberley Mannlngs to the board. Kim is a former school teacher, now a vicar, and adds great strength to our governance. (Note: although not part of the fiscal year of this report. I wish to record our sincere thanks to the Late Trevor Williams who died shoruy after this period end. Trevor was an outstanding and encouraging trustee. of great expertise and we shall miss him greauy and want to fomially send our thanks and cOndolenS to his widow Brenda, through this report. In my next report I shall provide details of four new trustees appointed since Trevorfs passing. Finally I want to say thank you again to all the parents and carers who. faced wilh rnany options. choose to send their children to The Apple Trust. Your belief in us is something we absolutely do not take for granted. I commend this annual report to you for the board of trustees for The Apple Trust and thank you for your interest and support. With my very best regards Reveiend Canon Malcolm Rogers MBE Chair of Trustees, The Apple Trust Page 2
St Gabriel's Area Partnership Enabling Play and Learning for Everyone Umlted Report of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Financial posltlon The Apple Trust has operated this last year, which has seen growth and success, without any grant aid assistan. This Is a truly remarkable achievem8nt and Is a tribute to the expert financial planning and support trustees receiv6, both intemally from our buslness manager and extemally through our consultant. The dlllgen¢e and flexibllity of the staff has of course made all of this possible. Moving forwards. we aim that reserves meet our policy and budgets Indicate there are no immin6nt risks to sustainability. We are enabling this year almlng to implement improvements works and refurblshments. We are not complacent though. and are proeding with caution. knowing how quickly the financial cllmate can change. Linklng our financial perf0rrnan with our charitable benefit, Is our decision to invest £50,000 in the local credlt unlon, which in itself is paying better-than-bank dtvldends whilst enabling Ihe credtt union to massively increase ils reach through additional resources. Reserves policy The charity aims to keep unrestricted reserves at a level behveen £100,000 and £120,000 to cover three months runnlng costs in the event deficit funding is requlred. The unrestricted reserves at the year end are below this range and, the trustees recognise the financial rlsk thls presents to the charity. Robust financial stablllty is priority to the trustees and management as they continue to monitor and review the position. Steps have been put in place to mitlgate any increased financial risk and, the trustees look forward to future development, growth and self sustainability. FUTURE PLANS In addition to works across the site, the trustees and senior staff are committed to maintaining the quality of all our servlces and the sites from which we operate. We realise that some of this work can and should be fund6d by grants although our ongoing aspiration is to remaln sustainable in our day to day business without them. We are committed to sustalning occupancy levels and seizing opportunities within th6 community to develop the trusts profile, and we are tog6ther determined to enable the trust meet and exceed its goals in the coming year. Page 3
St Gabriel's Area Partnership Enabling Play and Leamlng for Everyone Limited Report of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its goveming document, a deed of trusl, and constitutes a limited company, limited by guarante6, as defined by the Companies Act.2006. St Gabriel's Area Partnershlp Enabling Play and Learnlng for Everyone Limlted is a company limited by guarantee working under the nam8 of The Apple Trust. It was incorporated 3 December 2001 and regislered as 8 chartty on 22 February 2005. The company was establlshed under a Memorandum of Association whlch established the objects and powers of the charltable company and Ss governed under its Articles of A8soclatlon. In the event of the company belng wound up the members are requlred to conlribute an amount not exceeding £10. Recrullment and appolntment of new trustees All trustees are familiarised wlth the charily at an inductlon meetlng wlth existing mernbers of the charity. At this meeting, inductees are provided wlth a varlety of brlefing materlals including a trustees handbook that covers the followlng: The obllgations of trustees and SORP The operational framework of the tharity Includlng the Memorandum and Article8 The organisalional structure The current financlal posltlon of the charlly Future plans and objectives of the charity All trustees are offered a variety of training programmes In order to help them meet thelr obllgatlons. These Include course on equal opportunitles and dlversity, finance, recrultment and management. Inductlon and tralnlng of new tru8tse8 All trustees are famillar with the practlcal work and all key employees of the charity. They have been briefed on their legal obligallons under charlty and company law, the content of the Memorandum and Articles of Association, the committee and decislon making process, Ihe buslness plan and recent financlal perf0rrnan of the charity. In the citatlon whlch was read out in January 2017 by HRH The Prfnce of Wales, I was given the tremendoLS5 honour of being awarded an MBE for serv1S to the local community and communlly coheslon. As I received the award, I was exiremely mindful Ihat I do so not only on my own behalf bul also on behalf of all the people in The Apple Trust who work so hard to brlng our vision into reality each day. The Trust changes Ilves for the better, those of countless children and parents, and also our staff who are not just childcare praclltloners but pi118rs of the local communlty worklng towards the common good. Any full measurement of our success and Impact can therefore only be carried out in the future, and with regard to how the people we work wlth and work for go on to become even more happy. respectful and contributory cltizens. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nurnber 04333012 (England and Wales) Reglstered Charlty number 1108217 Registered office St. Gabriel's Community Centre Hall Lane Huyton Liverpool Merseyslde L36 6AZ Page 4
st Gabrlol's Area Partnership Enabling Play and Leaming for Everyone Llmlted Report of the Trustees for the Year Ended 31 March 2024 Trustsos Rev Canon M Rogers Mrs B M Williams T Wllllams (resigned 31.7.24) Mrs C M Birkett K W Birkett Revd K Mannings (appointed 1.6.23) Rev L Connolly (appointed 2.9.24) J Shearon (appolnt6d 2.9.24) Mrs J Shearon (appolnted 2.9.24) Company Secretary Mrs B M Williams Independent Examiner Suzanne Draper ACA FCCA SB&P Chartered Accountants Oriel House 2-8 Oriel Road Bootle Liverpool Merseyslde L20 7EP This report has been prepared in accordance wtth the special provisions of Part 15 of Ihe Companies Act 2006 relating to small companies. Approved by order of the board of trustees on ... .... Rev Canon M Rogers- Trustee Page 5
Independent Examlnerfs Rèport to the Trustees of St Gabriel's Aa Partnershlp Enabllng Play and Learning for Everyone Limited Independent examinerfs report to the trustees of St Gabriel's Area Partnership Enabling Play and Leamlng for Everyone Limited ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basi5 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 wilh the requirements of the Companies Act 2006 Cthe 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 20( Act and are eligible for independent exarnination. I report in respect of my examination of your charitys accounts as Caled out under Section 145 of Ihe Charities Act 2011 Cthe 2011 Act). In r2rrying out my examination I have followed the Direclions given by the Charity Cornmission under Section 145(5) (b) of the 2011 Act. Independent examinerfs statement sin your charity's gross income exeded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the In5titLrte of Charlered Accountants in England and Wales, 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records., or the accounts do not comply with Ihe accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts gtve a true and fair view which is not a matter considered as part of an Independent examination; or the accounts have not been prepared in accordance with the methods and prlnciples of the Statement of Recommended Practl¢e for accounting and reporting by charfties (appll¢able to charities preparing thelr accounls In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no COnmS 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. Suzanne DraperACA FCCA SB&P Chartered Accountants Oriel House 2-8 Oriel Road Bootle Liverpool Merseyside L20 7EP Page 6
St Gabrfèl's Area Partnership Enabling Play and Leaming for Everyone Limited Statement of Flnanclal Actlvitias (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricled fijnds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5.709 31,415 37,124 43,352 Charltable activities Education and chlldcare services 332,902 332,902 322,335 Investment income 1,865 1,865 1,048 Totsl 340,476 31,415 371,89 366,735 EXPENDITURE ON Charltable actlvltles Education and childcare servlces 325,476 81,107 406,683 405,397 NET INCOMEI{EXPENDITURE) 15,000 {49,692) (34,692) (38,662) RECONCILIATION OF FUNDS Total funds brought forward 56,836 142,515 199,351 238,013 TOTAL FUNDS CARRIED FORWARD 71,836 92,823 164.659 199,351 The notes form part of these financial statements P8ae 7
st Gabriel's Area Partnership Enabllng Play and Learning for Everyone Limited Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted fvnds Notes FIXED ASSETS Tangible assets 6,015 92.793 98,808 115,085 CURRENT ASSETS Debtors Cash at bank 10 12,689 69,656 12,689 69,686 8,343 90,458 30 82,345 30 82,375 98,801 CREDITORS Amounts falling due within one year (16,524) (16,524) (14,535) NET CURRENT ASSETS 65,821 30 65,851 84,266 TOTAL ASSETS LESS CURRENT LIABIUTIES 71,836 92,823 164,659 199,351 NET ASSETS 71,836 92,823 164,659 199,351 FUNDS Unrestricted fvnds Reslricted funds 12 71,836 92,823 56,836 142,515 TOTAL FUNDS 164,659 199.351 The charitable company is entitled to exemptlon from audit under Section 477 of the CompanSes Act 2006 for the year ended 31 March 2024. The members have not required the company to obtaln an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilltlas for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387.of the Companies Act 2006 and preparing financial statements which give a true and falr view of the state of affairs of the charftable company as at the end of éath financial year and of its surplus or deficit for each finandal year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial slatements. so far as applicable to the charitable company. (b) These financial statements have been prepared In accordan with the provisions applicable to charitable companies subjed to the small companles regime. The financial statements were approved by the Board of Trustees and authorised for issue l."l/.. i A/3o.a-.Li- ..... and were slgned on its behalf by: on M Rogers. T ee The notes form part of these financial statements Pao& 8
St Gabrlel's Area Parthership Enabling Play and Learning for Everyone Limited Cash Flow Statement for the Yèar Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operating activitles Cash generated from operations (21,810) {29.876) Net cash used In operating activilies (21,810) (29,876) Cash flows from investing actfvltles Purchase of tangible fixed assets Interest recetved 1827) 1,865 (2,401) 1,048 Net cash provided byl(used in) investing activities 1,038 (1,353) Change In cash and cash equlvalents In the reporting period Cash and cash equivalents at the beglnning of the reportlng perfod 120,772) (31,229) 90,458 121,687 Cash and ca8h equivalents at the end of the reporting period 69,686 90,458 The notes form part of these financial statements Page 9
st Gabriel's Area Partnershlp Enabllng Play and Learnlng for Everyone Limited Notes to the Cash Flow Statement for thè Year Ended 31 March 2024 RECONCIUATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTivrriES 31.3.24 31.3.23 Net expenditure for the reporting period (a6 per the Statement of Flnancial Activitie8} Adjustrnents for. Depreciation charges Interest received Increase in debtors Increasel(decrease) in creditors {34,692) (38,662) 17,104 (1,865) (4,346) 1,989 16,980 (1,048) (5,474) (1,672) Net ¢a8h used In operatlon8 (21,810) (29.876) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank 90,458 {20,772) 69,686 90,458 {20,772) 69,686 Total 90,458 {20,772) 69,686 The notes fomi part of these financial statements Page 10
St Gabriel's Area Partnershlp Enabllng Play and Leamlng for Everyone Llmited Notes to tho Flnancial Statements for the Year Ended 31 March 2024 ACCOUNTING POUCIES Basis of preparlng the flnancial statements The financial statem6nts of the charttable company, 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 Praclice applicable lo charities preparing thejr a¢¢ounts In accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019),, Financial Reporting Standard 102 The Flnan¢ial Reporting Standard applicable in the UK and Republic of Ireland, and the Companles Act 2006. The financial stalements have been prepared under the historical cost convention. Income All Income 15 recognised in the Statement of Financial Activities once the charity has entiuement to the funds, il is probable that the income will be received and the amount can be measured reliably.. Expenditure Llabllities are recognised as expenditure as soon as there is a legal or constructlve obllgation committing Ihe charity to that expendlture. il is probable that a transfer of economi¢ benefits will be required in settlement and the amount of the obllgation can be measured reliably. Expendltur6 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to Ihe category. Where costs cannot be directiy attributed to partlcular headings they have been allocated to acttvities on a basis consistent with the use of resources. Govemance costs Costs recognised by the charity that are associated with tts governan as opposed to general running costs or charitable activity costs. Costs include accountancy and independent examiners fees and bank charges and interest. Tangible fixed assets Depreciation Is provided at the following annual rates In order to write off the cost less estimated residual value of each asset over its estimated useful life. Leasehold property Property improvements Equipmént Fixtures & Fittings Computer Equipment - 40/0 stralght line - 4°/• straight line 200/0 on reduclng balance - 200/0 on reducing balance - 20.fi on reducing balance Taxation The charity is exempi from corporation tax on its charitable acttvities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrlcted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when speclfied by the donor or when funds are raised for parlicular restricted purposes. Further explanation of the nature and purpose of each fvndls included in the notes to the financial slatements. Pension costs and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. Going concem The financial statements have been prepared on a going conrn basis. The trustees have consldered a period of twelve months from the date of approval of the finanoal statements. The trustees belleve that no material uncertainties exist. Page 11 ¢ontinued...
St Gabrfel's Area Partnership Enabllng Play and Leaming for Everyone Lirnited Notes to tho Financial Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Grants 5,710 31,414 2.673 40.679 37,124 43.352 Grants received. induded in the above. are as follows: 31.3.24 31.3.23 Other grants 31.414 40.679 INVESTMENT INCOME 31.3.24 31.3.23 Bank interest recelvable 1,865 1,048 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Education and Childcare services Nursery fees 332,902 322.335 CHARITABLE ACTlVtTIES COSTS Direct Costs Support costs Totals Education and childcare ServIS 401,583 5,000 406,583 NET INCONIEI(EXPENDITURE) Net resources are stated after chargingl(crediting): Depreciation of owned assets 2023 - £16,800 (2022 £17,007). TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 12 contlnued...
St Gabriel's Area Partnership Enabling Play and Learning for Everyone Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2024 STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.24 20 31.3.23 19 Charitable staff No employees reiVed emoluments in excess of £60.000. TANGIBLE FIXED ASSETS Fixlures and frttings Leasehold property Computer equipment Equlpment Totals COST At 1 Aprll 2023 Additlons 386.136 20,236 50,262 654 3.248 173 459,882 827 At 31 March 2024 386,136 20,236 50,916 3,421 460,709 DEPRECIATION At 1 April 2023 Charge for year 278.689 15,446 19.921 63 43,674 1,426 2.513 170 344,797 17,104 At 31 Marth 2024 294.134 19,984 45,100 2.683 361,901 NET BOOK VALUE At 31 March 2024 92,002 252 5,816 738 98,808 At 31 March 2023 107,447 315 6,588 735 115.085 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 11,539 1,150 7.395 948 12,689 8,343 Page 13 continued...
St Gabriel's Area Partnership Enabling Play and Learning for Everyone Limited Notes to the Financlal Statements - continued for the Year Ended 31 Mareh 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Pensions Deferred income Accrued expenses 685 3,750 876 1,469 9,744 765 2,035 744 1,872 9,119 16,524 14,535 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Contingency fund 26,836 30,000 15,000 41,836 30,000 56,836 15,000 71,836 Restricted funds Big Lottery ERDF Knowsley Sureslart Awards For All Baby Room 42,000 65,447 475 543 34,050 (6,000) (9,445) 195) (103) (34,049) 36,000 56,002 380 440 142,515 (49,692) 92,823 TOTAL FUNDS 199,351 (34,692) 164,659 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 340,476 (325,476> 15,000 Restrfcted funds Big Lottery ERDF Knowsley Sureslart Awards For All Baby Room (6,000) (9,445) {95) (103) 165,464) {6,0001 (9,4451 (95} {1031 (34,049) 31,415 31,415 (81,107) (49,692) TOTAL FUNDS 371,891 (406,583) (34,692) Page 14 contlnued...
st Gabriel's Area Partnership Enabling Play and Leaming tor Everyone Llmlted Notss to the Financlal Statements - continued for tho Year Ended 31 March 2024 12. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net . movement In funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Contingency fund 83.855 30,000 (57,019) 26,836 30,000 113,855 (57,019) 56,836 Restricted funds Big Lottery ERDF Knowsley Sureslart Awards For All Baby Room 48,000 74,893 594 671 (6,000) {9,446) (119) (128) 34,050 42,000 65.447 475 543 34,050 124,158 18.357 142,515 TOTAL FUNDS 238,013 (38,662) 199,351 Comparative net movement in funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 326,057 (383,076) (57,019) Restrlcted funds Big Lottery ERDF Knowsley Surestart Award8 For AJI Baby Room Knowsley Works Support Grant Commun5ty Champions Grant Education Skills Knowsley Melropolltan Brough Council (6.000) (9,445) (119) (128) (6,000) (9,446) (119) {128) 34,050 (1) 34.050 3.679 950 1.000 1.000 (3,679) <950) (1.000) (1.000) 40.678 (22,321) 18,357 TOTAL FUNDS 366,735 (405,397) (38,662) Restricted Funds: Lotte In 2006, £150,000 was recelved from Big Lottery as a contribution towards the constructlon of the bulldlng, thls was match funded with an ERDF grant that was awarded in the same year. Each year an amount Is released from the restricted fijnd to reflect the movement in th6 net book value of the building. The balance on the fund Is reflected by a proportion of the leasehold property net book value. ERDF Page 15 continued...
St Gabriel's Area Partnership Enabling Play and Learnlng for Everyone Llmlted Notes to the Flnancial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS . continued A grant of £265,311 was awarded in 2006 to assist wilh the conslruction of the building. The grant is reslricled and stipulates that rf the building were to be sold before 2014, the initial award would have to be repaid in full. In the event of the building being sold after 2014, a percentage of the original award. on a reducing scale each year. would have to be repaid. An amount is released from the restricted fund each year to refiect the movemenl in the net book value of the building. The remaining balance on the fund is refflecied by a proportion of the leasehold property net book value. Knowsle Sure Start In 2016, the charity purchased capital items costing £2.836. Each year an amount is released from the restricted fund to reflect the movernent in the net book value of the assets. Awards For All A grant of £9,331 was awarded in 2012 for the purpose of funding an e¢0 friendly outdoor play and resource area, of which £1,339 was spent on capital equipment. Each year an amount is released from the restricted fvnd to reflect the movement in the net book value. In 2015, £5,260 was received to reduce the charities carbon footprint and help the charity become more energy efficient through improved facilities. equipment & utilities. As above, £2,612 was capilalised and an amounl is relea8ed annually from the restricted fund to reflect thé movement in the net book value of the asset. Desl nated Funds: Contin enc fund For many Charities and businesses operating post Covid, Ihe actions and decisions we tske over the next 12-24 months, and beyond, wlll be pivotal to our survival. Wlth thls in mind, the trustees felt it was both prudent and responsible to set aside an amount that would ensure the charity could meet its statutory responsibilities in the event a decision was taken to rationalize and scale down costs and activities gt any point over this périod. 13. RELATED PARTY DISCLOSURES There were no related party transactions during the year ended 31 March 2023. Page 16
St Gabrlel's Area Partnership Enabling Play and Learning for Everyone Limlted Detalled Statement of Financlal Actlvltles for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 5,710 31,414 2.673 40.679 37,124 43.352 Investment income Bank interest receivable 1,865 1,048 Charitable activities Nursery fees 332,902 322,335 Total incoming resources 371,891 366,735 EXPENDITURE Charitable activltles Wages Pensions Running costs & snacks other legal & professional fees Rent, Rates & Utilities Insurance Other Offi costs Telephone Travel & subsistence Bad debts Refurbishment & maintenance Lunch club support Supply staff Long leasehold depreciation Equipment depreciation Fixlures & fittings depreciation CompLrter equipment depreciation 303,509 7,179 25,371 289,677 6,370 21,636 4,539 17,372 3,392 3,403 1,892 583 1,614 19,240 677 13,008 15,445 79 1.271 15,271 3,693 933 2,102 664 70 21,463 179 15,445 63 1,427 170 401,583 400,382 Support costs Govemance costs Accountancy fees Independenl Examineffs fee Bank charges and interest 1,331 2,726 943 1.267 2.368 1,380 5,000 5,015 Total resources expended 406.583 405,397 Net expenditure (34,692) (38,662) This page does not form part of the statutory financial statements Page 17