**COMPANY REGISTRATION NUMBER:** 

**05337412** 

**CHARITY REGISTRATION NUMBER: 1112646** 

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

**31 March 2024** 

## **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 2024** 

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 2024. 

## **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** GP Thompson D Worthington J Turner EOJ Cole **Company secretary** D Worthington **Independent examiner** Nick Michael FCA 61 Macrae Road Ham Green Bristol BS20 0DD 

**1** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **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. 

**2** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **Objectives and activities** 

## **Overview of the year** 

## **Background** 

Oldbury Court Out  of School Club  non-profit  childcare  charity has been providing  reliable,  safe childcare services for out-of-school hours through a Breakfast Club, After School Club, and Holiday Clubs since 1989. The club's mission is to deliver high-quality, professional, stimulating, safe, and lowcost childcare to families living or working in our local community. 

The club's clear vision is to ensure that people living or working within Oldbury Court and the surrounding areas 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  be  tailored  to  individual circumstances. 

The key to OCOSC's service provision is providing a range of activities that meet the children's educational,  cultural,  social,  and  physical  needs  in  a  secure,  safe,  nurturing,  and  stimulating environment. We are committed to safeguarding and promoting the welfare of children, delivering play activities that support their social, emotional, educational, and intellectual growth while promoting selfesteem and po **sit** ive behaviour. 

## ACHEIVMENTS AND GROWTH 

Over the past decades, OCOSC has grown from 12 children at its main site in Delabere Avenue to around 430 children at nine sites, making it one of the largest out-of-school childcare services in Bristol. The club employs 22 members of staff in a combination of full-time and part-time positions, all of whom are paid a living wage. 

We were honoured to welcome a new Director and Trustee to our board this year. This addition means we can have fresh perspectives, insights and challenges to existing assumptions as well as introduce an innovative approach to our strategy and operations. 

Our setting at Christchurch School had their Ofsted Inspection and passed. The inspectors were impressed with how staff encouraged children to develop a healthy lifestyle. They also noted that the management team had a clear vision for the club and the parents spoke positively about the provision. 

In 2024, OCOSC received a grant of £66,000 for the installation of solar panels and a new kitchen. All the work has been completed and passed inspection, contributing to the club's sustainability and environmental initiatives. This year also saw the introduction of a new online booking system to reduce our reliance on printed forms and cut our processing times in line with our sustainability drive. 

**3** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2024** 

The club's partnership with Bristol City and South Gloucestershire Councils to deliver the Holiday Activities and Food programs has continued, providing free school holiday club sessions over the past year. This has helped to ensure that affordability is not a barrier to accessing the club's services. 

OCOSC has also been exploring innovative ways to enhance its service offerings. Over the summer, we put on a programme of different workshops and activity days which was well-received by the children and their families. In response to popular demand, We are exploring the possibility of opening a new site at a nearby primary school to meet the growing need for affordable, high-quality childcare in the local community. 

In  our  last  report,  I  mentioned  about  how  the  cost-of-living  crisis  post  covid  had  affected  our operations, to that end, the Board of Directors and Trustees voted to hold the fees for Holiday and Breakfast club but increase the fee for the After School Provision by 25p a session. 

As with every other provider in our sector, recruitment and retention of trained and qualified staff is proving difficult. We are hoping to work with local higher education settings to advertise our vacancies and attract talent. 

## COMMITMENT TO STAFF DEVELOPMENT 

OCOSC remains committed to investing in the professional development of its staff. Over the past year, the club has provided the following training: 

- 6 staff have completed their 12-hour paediatric first aid training 

- 8 staff have completed food hygiene training 

- 4 staff have completed level 2 child protection training 

- 1 staff have completed inter-agency child protection training 

This ongoing investment in staff training ensures that the club can continue to provide high-quality, safe, and nurturing care for the children in its charge. 

## LOOKING AHEAD 

As OCOSC looks to the future, the club remains committed to its mission of providing affordable, accessible, and high-quality childcare services to the local community. The club will continue to explore opportunities for expansion and innovation, while maintaining its focus on safeguarding, staff development, and environmental sustainability. With the support of its partners, families, and the local community, OCOSC is well-positioned to continue its growth and impact in the years to come. 

**4** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

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

## **Year ended 31 March 2024** 

## **Achievements and performance** 

The achievements and performance has been fully covered in the Overview of the Year. 

## **Financial review** 

The net expenditure for the year amounted to £4,710 which leaves funds of £332,355 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 28 November 2024 and signed on behalf of the board of trustees by: 

D Worthington Director 

**5** 



## **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 2024** 

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 2024. 

## **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: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. 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 

4. 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). 

**6** 



## **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 2024** 

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 

28 November 2024 

**7** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2024** 

||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|2,671|52,887|55,558|26,410|
|Charitable activities|**6**|364,220|–|364,220|325,300|
|Investment income|**7**|422|–|422|161|
|||--------------------------------|---------------------------|--------------------------------|--------------------------------|
|**Total income**||367,313|52,887|420,200|351,871|
|||========================|========================|========================|========================|
|||========|===|========|========|
|**Expenditure**||||||
|Expenditure on charitable activities|**8,9**|371,623|53,287|424,910|361,985|
|||--------------------------------|---------------------------|--------------------------------|--------------------------------|
|**Total expenditure**||371,623|53,287|424,910|361,985|
|||========================|========================|========================|========================|
|||========|===|========|========|
|||--------------------------------|---------------------------|--------------------------------|--------------------------------|
|**Net expenditure**||(4,310)|(400)|(4,710)|(10,114)|
|||========================|========================|========================|========================|
|||========|===|========|========|
|Transfers between funds||(400)|400|–|–|
|||--------------------------------|---------------------------|--------------------------------|--------------------------------|
|**Net movement in funds**||(4,710)|–|(4,710)|(10,114)|
|**Reconciliation of funds**||||||
|Total funds brought forward||337,065|–|337,065|347,180|
|||--------------------------------|---------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||332,355|–|332,355|337,065|
|||========================|========================|========================|========================|
|||========|===|========|========|



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.** 

**8** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2024** 

|||**2024**|2023|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**15**|6,471|11,262|
|**Current assets**||||
|Cash at bank and in hand||328,565|328,485|
|**Creditors: amounts falling due within one year**|**16**|2,681|2,681|
|||--------------------------------|--------------------------------|
|**Net current assets**||325,884|325,804|
|||--------------------------------|--------------------------------|
|**Total assets less current liabilities**||332,355|337,066|
|||--------------------------------|--------------------------------|
|**Net assets**||332,355|337,066|
|||========================|========================|
|||========|========|
|**Funds of the charity**||||
|Unrestricted funds||332,355|337,065|
|||--------------------------------|--------------------------------|
|**Total charity funds**|**18**|332,355|337,065|
|||========================|========================|
|||========|========|



For the year ending 31 March 2024 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 28 November 2024, 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.** 

**9** 



**Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2024** 

## **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. 

**10** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

**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. 

**11** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **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. 

**12** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **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|**2024**|
||£|£|**£**|
|**Donations**||||
|Donations|590|–|590|
|**Grants**||||
|Grants receivable - B.A.N.D|2,081|–|2,081|
|South Glocester CC|–|9,613|9,613|
|Bristol City Council|–|13,754|13,754|
|Bristol City Council - Resiliance Fund|–|29,520|29,520|
||-----------------------|---------------------------|---------------------------|
||2,671|52,887|55,558|
|||========================|========================|
||=======================|===|===|
||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|
|Bristol City Council|–|12,579|12,579|
|Bristol City Council - Resiliance Fund|–|–|–|
||-----------------------|---------------------------|---------------------------|
||2,700|23,710|26,410|
|||========================|========================|
||=======================|===|===|



**13** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **6. Charitable activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Fees|363,901|363,901|322,331|322,331|
|Fund raising|–|–|2,621|2,621|
|50/50 club|319|319|348|348|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||364,220|364,220|325,300|325,300|
||========================|========================|========================|========================|
||========|========|========|========|
|**Investment income**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Bank interest receivable|422|422|161|161|
||==============|==============|==============|==============|
|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2024**|
|||£|£|**£**|
|Charitable activities||324,105|23,367|347,472|
|Support costs||47,518|29,920|77,438|
|||--------------------------------|---------------------------|--------------------------------|
|||371,623|53,287|424,910|
|||========================|========================|========================|
|||========|===|========|
|||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|
|||========================|========================|========================|
|||========|===|========|



## **7. Investment income** 

## **8. Expenditure on charitable activities by fund type** 

## **9. Expenditure on charitable activities by activity type** 

||Activities||||
|---|---|---|---|---|
||undertaken|Support|**Total funds**|Total fund|
||directly|costs|**2024**|2023|
||£|£|**£**|£|
|Charitable activities|||||
||347,472|72,417|419,889|351,982|
|Governance costs|||||
||–|5,021|5,021|10,003|
||--------------------------------|---------------------------|--------------------------------|--------------------------------|
||347,472|77,438|424,910|361,985|
||========================|========================|========================|========================|
||========|===|========|========|



**14** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **10. Analysis of support costs** 

|Charitable|||
|---|---|---|
|activities|**Total 2024**|Total 2023|
|£|**£**|£|
|1,692|1,692|188|
|5,021|5,021|10,003|
|3,843|3,843|2,010|
|1,039|1,039|2,604|
|2,152|2,152|2,882|
|4,791|4,791|4,791|
|58,900|58,900|19,787|
|---------------------------|---------------------------|---------------------------|
|77,438|77,438|42,265|
|========================|========================|========================|
|===|===|===|



|||£|**£**|£|
|---|---|---|---|---|
||Finance costs||||
|||1,692|1,692|188|
||Governance costs||||
|||5,021|5,021|10,003|
||Telephone|3,843|3,843|2,010|
||Other||||
|||1,039|1,039|2,604|
||Printing, postage and stationery|2,152|2,152|2,882|
||Depreciation|4,791|4,791|4,791|
||Repairs and renewals|58,900|58,900|19,787|
|||---------------------------|---------------------------|---------------------------|
|||77,438|77,438|42,265|
|||========================|========================|========================|
|||===|===|===|
|**11.**|**Net expenditure**||||
||Net expenditure is stated after charging/(crediting):||||
||||**2024**|2023|
||||**£**|£|
||Depreciation of tangible fixed assets||4,791|4,790|
||||=======================|=======================|
|**12.**|**Independent examination fees**||||
||||**2024**|2023|
||||**£**|£|
||Fees payable to the independent examiner for:||||
||Independent examination of the financial statements||1,860|3,600|
||||=======================|=======================|
|**13.**|**Staff costs**||||
||The total staff costs and employee benefits for the|reporting period are analysed as|||
|follows:|||||
||||**2024**|2023|
||||**£**|£|
||Wages and salaries||284,903|263,660|
||Employer contributions to pension plans||10,500|9,995|
||||--------------------------------|--------------------------------|
||||295,403|273,655|
||||========================|========================|
||||========|========|



The average head count of employees during the year was 24 (2023: 23). The average number of full-time equivalent employees during the year is analysed as follows: 

**15** 



**Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

||**2024**|2023|
|---|---|---|
||**No.**|No.|
|Number of staff|24|23|
||==============|==============|



No employee received employee benefits of more than £60,000 during the year (2023: Nil). 

**16** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **14. Trustee remuneration and expenses** 

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

## **15. Tangible fixed assets** 

||||**Long**|
|---|---|---|---|
||||**leasehold**|
||||**property**|
||||**£**|
||**Cost**|||
||**At 1 April 2023 and 31 March 2024**||47,907|
||||========================|
||||===|
||**Depreciation**|||
||At 1 April 2023||36,645|
||Charge for the year||4,791|
||||---------------------------|
||**At 31 March 2024**||41,436|
||||========================|
||||===|
||**Carrying amount**|||
||**At 31 March 2024**||6,471|
||||========================|
||||===|
||At 31 March 2023||11,262|
||||========================|
||||===|
|**16.**|**Creditors:** **amounts falling due within one year**|||
|||**2024**|2023|
|||**£**|£|
||Accruals and deferred income|2,681|2,681|
|||=======================|=======================|



## **17. 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 £10,500 (2023: £9,995). 

**17** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **18. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
|||||||**At**|
||At||||**31 March**|**20**|
||1 April 2023|Income|Expenditure|Transfers||**24**|
||£|£|£|£|£||
|General funds|337,065|367,313|(371,623)|(400)|332,355||
||========================|========================|========================||========================||
||========|========|========|==============|========||
|||||||At|
||At||||31 March|20|
||1 April 2022|Income|Expenditure|Transfers||23|
||£|£|£|£|£||
|General funds|344,346|328,161|(335,442)|–|337,065||
||========================|========================|========================||========================||
||========|========|========|==============|========||
|**Restricted funds**|||||||
||At|||||**At**|
||1 April 2023|Income|Expenditure|Transfers|**31 Mar 2024**||
||£|£|£|£|£||
|Bristol City Council|–|13,754|(13,754)|–||–|
|Bristol City Council -|||||||
|Resiliance Fund|–|29,520|(29,920)|400||–|
|South Gloscestershire|||||||
|County Council|–|9,613|(9,613)|–||–|
||--------------|---------------------------|---------------------------|--------------|--------------||
||–|52,887|(53,287)|400||–|
|||========================|========================||||
||==============|===|===|==============|==============||
||At|||||At|
||1 April 2022|Income|Expenditure|Transfers|31 Mar 2023||
||£|£|£|£|£||
|Bristol City Council|–|12,579|(12,579)|–||–|
|Bristol City Council -|||||||
|Resiliance Fund|–|–|–|–||–|
|South Gloscestershire|||||||
|County Council|2,834|11,131|(13,965)|–||–|
||-----------------------|---------------------------|---------------------------|--------------|--------------||
||2,834|23,710|(26,544)|–||–|
|||========================|========================||||
||=======================|===|===|==============|==============||



**18** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **19. Analysis of net assets between funds** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2024**|
||£|**£**|
|Tangible fixed assets|6,471|6,471|
|Current assets|||
||328,565|328,565|
|Creditors less than 1 year|(2,681)|(2,681)|
||--------------------------------|--------------------------------|
|**Net assets**|332,355|332,355|
||========================|========================|
||========|========|
||Unrestricted|Total 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|
||========================|========================|
||========|========|



**19** 



**Oldbury Court Out of School Clubs** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 31 March 2024** 

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

**20** 



## **Oldbury Court Out of School Clubs** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 31 March 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|590|1,712|
|Grants receivable - B.A.N.D|2,081|988|
|South Glocester CC|9,613|11,131|
|Bristol City Council|13,754|12,579|
|Bristol City Council - Resiliance Fund|29,520|–|
||---------------------------|---------------------------|
||55,558|26,410|
||---------------------------|---------------------------|
|**Charitable activities**|||
|Fees|363,901|322,331|
|Fund raising|–|2,621|
|50/50 club|319|348|
||--------------------------------|--------------------------------|
||364,220|325,300|
||--------------------------------|--------------------------------|
|**Investment income**|||
|Bank interest receivable|422|161|
||--------------|--------------|
||--------------------------------|--------------------------------|
|**Total income**|420,200|351,871|
||========================|========================|
||========|========|
|**Expenditure on charitable activities**|||
|Wages and salaries|284,903|263,660|
|Pension costs|10,500|9,995|
|Rent|6,831|5,526|
|Rates and water|1,375|484|
|Light and heat|5,597|4,955|
|Repairs and maintenance|58,900|19,787|
|Insurance|2,823|4,109|
|Other establishment|1,039|2,604|
|Motor vehicle expenses|1,903|1,637|
|Vehicle leasing/hire|11,458|10,913|
|Legal and professional fees|2,198|5,894|
|Telephone|3,979|3,653|
|Other office costs|2,152|2,882|
|Depreciation|6,523|4,902|
|Equipment, arts, crafts and food|23,619|20,044|
|Ofsted fees|1,110|940|
||--------------------------------|--------------------------------|
||424,910|361,985|
||--------------------------------|--------------------------------|
||--------------------------------|--------------------------------|
|**Total expenditure**|424,910|361,985|
||========================|========================|
||========|========|
||--------------------------------|--------------------------------|
|**Net expenditure**|(4,710)|(10,114)|
||========================|========================|
||========|========|



**21**