2023-03-31-accounts - Oldbury Court Out Of School Clubs

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COMPANY REGISTRATION NUMBER:

05337412

CHARITY REGISTRATION NUMBER: 1112646

Oldbury Court Out of School Clubs Company Limited by Guarantee Unaudited Financial Statements

31 March 2023

ELLIOTT BUNKER LIMITED

Chartered accountants

61 Macrae Road

Ham Green Bristol BS20 0DD

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

Reference and administrative details

Registered charity name Oldbury Court Out of School Clubs Charity registration number 1112646 Company registration number 05337412 Principal office and registered Delabere Avenue office Fishponds Bristol BS16 2ND The trustees B Blackwell (Resigned 20 June 2022) GP Thompson D Worthington D Lowman (Resigned 20 June 2022) J Turner EOJ Cole (Appointed 30 June 2022) Company secretary D Worthington Independent examiner Nick Michael FCA 61 Macrae Road Ham Green Bristol BS20 0DD

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

Structure, governance and management

Governing Document

The organisation is a charitable company, limited by guarantee. It was incorporated on January 19, 2005 and registered as a charity on January 6, 2006. It is governed by The Memorandum and Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and appointment of Trustees

The directors of the company who are also charity trustees for the purposes of charity law, who served during the period and up to the date of this report, are set out on page 1. Under the requirements of the Articles of Association the Trustees are elected for one year after which they must be re-elected at the next Annual General Meeting.

Risk management

The trustees have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen their risks.

Objectives and activities for the public benefit

The objects of the charity are to provide the necessary facilities for the daily care, recreation and education of children during out of school hours and school holidays and to advance the education and training of persons in the provision of such care, education and recreational facilities.

The trustees confirm that they have had regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

Objectives and activities

Overview of the year

Background

OCOSC was founded 34 years ago as a non-profit, self-funding community group providing reliable safe childcare services for out of school hours through a Breakfast Club, After School Club and Holiday Clubs

The club was founded with a mission to provide high quality, professional, stimulating, safe and low cost childcare to parents living or working in the local community. All care schemes are intended to be fully accessible, particularly to parents who are on low incomes such as single parents, students and disadvantaged families as well as those who have difficulty organizing their working hours around more traditional childcare sessions.

The club has a clear vision which is to ensure that parents and carers living or working within Oldbury Court and surrounding areas should have access to quality affordable childcare in the local community, regardless of wealth, gender, ethnicity, belief or disability. The childcare should meet the children's developmental, emotional, cultural, social and physical needs promote learning and is appropriate for each child's individual circumstances.

The key to OCOSC's service provision is to provide a range of activities for children that meet their educational, cultural, social and physical needs in a secure, safe, nurturing and stimulating environment.

The OCOSC aims to safeguard and promote the welfare of children through its values that permeate all services, publicity and interactions with stakeholders as well as external people and agencies. The organization endeavours to provide a service that supports parents in their parenting role, particularly parents facing additional difficulties, such as learning or problems with mental health within the family.

The club provides a single point for collection/dropping-off family members of different ages and attending the following schools.

o Avanti Gardens School

o Chester Park Infant School

o Chester Park Junior School

o Staple Hill Primary School

o Frome Vale Academy

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023

o Christ Church Infant School

o Christ Church Junior School

o Fishponds Academy

Additional services provided by the club are

o School Inset day cover

o Reception Wrap round cover for the first term.

o School emergency/industrial action cover

o One on one care (subject to our own funds and securing funding from social services/city council)

The fundamental aim is to provide affordable childcare for working parents and adults attending educational institutions. Whilst ensuring that all money raised from parents is ploughed back into providing the services, maintaining and improving the building and grounds.

Over the past 34 years we have grown and extended our services from 12 children using the Main site in Delabere Avenue to a membership of around 260 families with around 400 children attending one or more of our clubs making us one of the largest out of school childcare services in Bristol. We employ 25 members of staff in a combination of full and part time positions all of whom are paid a living wage opposed to the more common practice in the industry of the minimum wage.

OCOSC works in partnership with schools and has extended its services from the main site to three additional venues at:

Christ Church Infants School in Downend providing breakfast and after school cover for up to 32 children per session (8 places are reserved for siblings of infants who attend the nearby junior school
Chester Park Junior school providing an afterschool cover for up to 40 children who attend either the junior or the nearby infants school
Avanti Gardens School providing an afterschool cover for up to 24 children
Fishponds Academy are still temporarily situated back at the main site after being relocated due to COVID. However we do have an OfSted registration at this site as well.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

The main site, where our office is also located allows us to cater for all the remaining schools listed above using two hired minibuses to drop off and collect children to and from school. It has a capacity for us to offer places to 64 children.

RECOVERY FROM COVID 19

As a result of COVID 19 with reduced staff and a lack of funds our outside areas needed extensive restoration. Over the past year we have upgraded decking areas and wooden play zones. We have taken down COVID signage and re-integrated our bubbles allowing free flow play once again.

ACHEIVMENTS

We are continuing to work with both Bristol City and South Gloucestershire Holiday Activities and Food programs we have providing a total of 720 free school holiday club sessions over the school year.

TRAINING

6 staff have completed their 12 hour paediatric first aid

5 staff have completed food hygiene

2 staff have completed inter agency child protection

7 staff have completed level 2 child protection training

2 staff completed autism awareness training

3 staff completed child nutrition training

Financial review

The net expensiture for the year amounted to £10,144 which leaves funds of £337,065 to be carried forward.

It is the policy of the charity to maintain unrestricted funds at the level required to provide sufficient funds to cover administration costs.

The trustees' annual report and the strategic report were approved on 20 October 2023 and signed on behalf of the board of trustees by:

D Worthington Director

D Worthington Charity Secretary

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Oldbury Court Out of School Clubs

Year ended 31 March 2023

I report to the trustees on my examination of the financial statements of Oldbury Court Out of School Clubs ('the charity') for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity’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 a member of the Institute of Chartered Accountants in England and Wales (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:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements 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
the financial statements 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).

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Oldbury Court Out of School

Clubs (continued)

Year ended 31 March 2023

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.

Nick Michael FCA Independent Examiner

61 Macrae Road Ham Green Bristol BS20 0DD

20 October 2023

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2023

			2023		2022
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	2,700	23,710	26,410	49,146
Charitable activities	6	325,300	–	325,300	263,555
Investment income	7	161	–	161	186
Other income	8	–	–	–	27,371
		--------------------------------	----------------------------	--------------------------------	--------------------------------
Total income		328,161	23,710	351,871	340,258
		========================	========================	========================	========================
		========	====	========	========
Expenditure
Expenditure on charitable activities	9,10	335,442	26,544	361,985	300,953
		--------------------------------	----------------------------	--------------------------------	--------------------------------
Total expenditure		335,442	26,544	361,985	300,953
		========================	========================	========================	========================
		========	====	========	========
		--------------------------------	----------------------------	--------------------------------	--------------------------------
Net (expenditure)/income and net
movement in funds		(7,281)	(2,834)	(10,114)	39,305
		========================	========================	========================	========================
		========	====	========	========
Reconciliation of funds
Total funds brought forward		344,346	2,834	347,180	307,875
		--------------------------------	----------------------------	--------------------------------	--------------------------------
Total funds carried forward		337,065	–	337,065	347,180
		========================	========================	========================	========================
		========	====	========	========

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 10 to 18 form part of these financial statements.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Statement of Financial Position

31 March 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	16	11,262	16,286
Current assets
Debtors	17	–	2,849
Cash at bank and in hand		328,485	330,726
		--------------------------------	--------------------------------
		328,485	333,575
Creditors: amounts falling due within one year	18	2,681	2,681
		--------------------------------	--------------------------------
Net current assets		325,804	330,894
		--------------------------------	--------------------------------
Total assets less current liabilities		337,066	347,180
		--------------------------------	--------------------------------
Net assets		337,066	347,180
		========================	========================
		========	========
Funds of the charity
Restricted funds		–	2,834
Unrestricted funds		337,065	344,346
		--------------------------------	--------------------------------
Total charity funds	20	337,065	347,180
		========================	========================
		========	========

For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 20 October 2023, and are signed on behalf of the board by:

D Worthington Director

The notes on pages 10 to 18 form part of these financial statements.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Delabere Avenue, Fishponds, Bristol, BS16 2ND.

2. Charitable expenditure

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. We confirm that there are no critical judgements or estimates to note.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

leasehold property - 10% straight line improvements Motor vehicles - 25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

3. Accounting policies (continued)

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The organisation is a charitable company limited by guarantee and has no share capital. In the event of the charity being wound up the liability in respect of the guarantee is limited to £10.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Donations
Donations	1,712	–	1,712
Grants
Grants receivable - B.A.N.D	988	–	988
South Glocester CC	–	11,131	11,131
AB Current	–	–	–
Bristol City Council	–	12,579	12,579
	-----------------------	----------------------------	----------------------------
	2,700	23,710	26,410
		========================	========================
	=======================	====	====
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Donations
Donations	202	–	202
Grants
Grants receivable - B.A.N.D	693	–	693
South Glocester CC	–	19,974	19,974
AB Current	1,566	–	1,566
Bristol City Council	9,571	17,140	26,711
	----------------------------	----------------------------	----------------------------
	12,032	37,114	49,146
	========================	========================	========================
	====	====	====

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

6. Charitable activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Fees	322,331	322,331	261,440	261,440
	Fund raising	2,621	2,621	1,685	1,685
	50/50 club	348	348	430	430
		--------------------------------	--------------------------------	--------------------------------	--------------------------------
		325,300	325,300	263,555	263,555
		========================	========================	========================	========================
		========	========	========	========
7.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Bank interest receivable	161	161	186	186
		==============	==============	==============	==============
8.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Other income Job Retention Scheme	–	–	27,371	27,371
				========================	========================
		==============	==============	====	====
9.	Expenditure on charitable activities	by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Charitable activities		293,176	26,544	319,720
	Support costs		42,266	–	42,265
			--------------------------------	----------------------------	--------------------------------
			335,442	26,544	361,985
			========================	========================	========================
			========	====	========
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			£	£	£
	Charitable activities		232,589	34,280	266,869
	Support costs		34,084	–	34,084
			--------------------------------	----------------------------	--------------------------------
			266,673	34,280	300,953
			========================	========================	========================
			========	====	========

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

10. Expenditure on charitable activities by activity type

Charitable activities Governance costs

Activities
undertaken	Support	Total funds	Total fund
directly	costs	2023	2022
£	£	£	£
319,720	32,262	351,982	294,288
–	10,003	10,003	6,665
--------------------------------	----------------------------	--------------------------------	--------------------------------
319,720	42,265	361,985	300,953
========================	========================	========================	========================
========	====	========	========

11.	Analysis of support costs
		Charitable
		activities	Total 2023	Total 2022
		£	£	£
	Finance costs
		188	188	–
	Governance costs
		10,003	10,003	6,665
	Telephone	2,010	2,010	2,077
	Training	–	–	309
	Other
		2,604	2,604	(93)
	Printing, postage and stationery	2,882	2,882	2,391
	Depreciation	4,791	4,791	4,869
	Repairs and renewals	19,787	19,787	17,866
		----------------------------	----------------------------	----------------------------
		42,265	42,265	34,084
		========================	========================	========================
		====	====	====
12.	Net (expenditure)/income
	Net (expenditure)/income is stated after charging/(crediting):
			2023	2022
			£	£
	Depreciation of tangible fixed assets		4,790	4,869
			=======================	=======================
13.	Independent examination fees
			2023	2022
			£	£
	Fees payable to the independent examiner	for:
	Independent examination of the financial statements		3,600	1,416

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

======================= =======================

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed	The total staff costs and employee benefits for the reporting period are analysed	as follows:
	2023	2022
	£	£
Wages and salaries	263,660	218,516
Employer contributions to pension plans	9,995	13,411
	--------------------------------	--------------------------------
	273,655	231,927
	========================	========================
	========	========

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

14. Staff costs (continued)

The average head count of employees during the year was 23 (2022: 17). The average number of full-time equivalent employees during the year is analysed as follows:

2023 2022 No. No. Number of staff 23 17 ============== ==============

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

16. Tangible fixed assets

		Long
		leasehold	Motor
		property	vehicles	Total
		£	£	£
	Cost
	At 1 April 2022	47,907	26,691	74,598
	Disposals	–	(26,691)	(26,691)
		----------------------------	----------------------------	----------------------------
	At 31 March 2023	47,907	–	47,907
		========================	========================	========================
		====	====	====
	Depreciation
	At 1 April 2022	31,855	26,457	58,312
	Charge for the year	4,790	–	4,790
	Disposals	–	(26,457)	(26,457)
		----------------------------	----------------------------	----------------------------
	At 31 March 2023	36,645	–	36,645
		========================	========================	========================
		====	====	====
	Carrying amount
	At 31 March 2023	11,262	–	11,262
		========================	========================	========================
		====	====	====
	At 31 March 2022	16,052	234	16,286
		========================	========================	========================
		====	====	====
17.	Debtors
			2023	2022
			£	£
	Prepayments and accrued income		–	2,849
			==============	=======================
18.	Creditors: amounts falling due within one year
			2023	2022
			£	£
	Accruals and deferred income		2,681	2,681
			=======================	=======================

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £9,995 (2022: £13,411).

20. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
					At
	At			31 March	20
	1 April 2022	Income	Expenditure		23
	£	£	£	£
General funds	344,346	328,161	(335,442)	337,065
	========================	========================	========================	========================
	========	========	========	========
					At
	At			31 March	20
	1 April 2021	Income	Expenditure		22
	£	£	£	£
General funds	307,875	303,144	(266,673)	344,346
	========================	========================	========================	========================
	========	========	========	========
Restricted funds
					At
	At			31 March	20
	1 April 2022	Income	Expenditure		23
	£	£	£	£
Bristol City Council	–	12,579	(12,579)		–
South Gloscestershire County Council	2,834	11,131	(13,965)		–
	-----------------------	----------------------------	----------------------------	--------------
	2,834	23,710	(26,544)		–
		========================	========================
	=======================	====	====	==============
					At
	At			31 March	20
	1 April 2021	Income	Expenditure		22
	£	£	£	£
Bristol City Council	–	17,140	(17,140)		–
South Gloscestershire County Council	–	19,974	(17,140)	2,834
	--------------	----------------------------	----------------------------	-----------------------
	–	37,114	(34,280)	2,834
		========================	========================
	==============	====	====	=======================

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

21. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Tangible fixed assets	11,262	–	11,262
Current assets
	328,485	–	328,485
Creditors less than 1 year	(2,681)	–	(2,681)
	--------------------------------	--------------	--------------------------------
Net assets	337,066	–	337,066
	========================		========================
	========	==============	========
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Tangible fixed assets	16,286	–	16,286
Current assets
	330,741	2,834	333,575
Creditors less than 1 year	(2,681)	–	(2,681)
	--------------------------------	-----------------------	--------------------------------
Net assets	344,346	2,834	347,180
	========================		========================
	========	=======================	========

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Management Information

Year ended 31 March 2023

The following pages do not form part of the financial statements.

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2023

	2023	2022
	£	£
Income and endowments
Donations and legacies
Donations	1,712	202
Grants receivable - B.A.N.D	988	693
South Glocester CC	11,131	19,974
AB Current	–	1,566
Bristol City Council	12,579	26,711
	----------------------------	----------------------------
	26,410	49,146
	----------------------------	----------------------------
Charitable activities
Fees	322,331	261,440
Fund raising	2,621	1,685
50/50 club	348	430
	--------------------------------	--------------------------------
	325,300	263,555
	--------------------------------	--------------------------------
Investment income
Bank interest receivable	161	186
	--------------	--------------
Other income
Other income Job Retention Scheme	–	27,371
	--------------	----------------------------
	--------------------------------	--------------------------------
Total income	351,871	340,258
	========================	========================
	========	========

Oldbury Court Out of School Clubs

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2023

Expenditure
Expenditure on charitable activities
Wages and salaries	263,660	218,516
Pension costs	9,995	13,411
Rent	5,526	3,744
Rates and water	484	411
Light and heat	4,955	3,268
Repairs and maintenance	19,787	17,866
Insurance	4,109	3,272
Other establishment	2,604	(93)
Motor vehicle expenses	1,637	8,552
Vehicle leasing/hire	10,913	7,680
Legal and professional fees	5,894	3,393
Telephone	3,653	2,077
Other office costs	2,882	2,391
Depreciation	4,902	5,049
Impairment reversal	–	(309)
Equipment, arts, crafts and food	20,044	10,331
Ofsted fees	940	776
	--------------------------------	--------------------------------
	361,985	300,953
	--------------------------------	--------------------------------
	--------------------------------	--------------------------------
Total expenditure	361,985	300,953
	========================	========================
	========	========
	--------------------------------	--------------------------------
Net (expenditure)/income	(10,114)	39,305
	========================	========================
	========	========