Company registration number: 05866317 Charity registration number: 1118798
Saltwood Play & Learning Centre
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2023
Beresfords Chartered Certified Accountants
1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ
Saltwood Play & Learning Centre
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 18 |
Saltwood Play & Learning Centre
Reference and Administrative Details
Trustees Mrs K Bridges Mr P Newton Mrs E A Geering Charity Registration Number 1118798 Company Registration Number 05866317 The charity is incorporated in England and Wales. Registered Office Saltwood C of E Primary School Grange Road Saltwood Hythe Kent CT21 4QS Independent Examiner Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ
Page 1
Saltwood Play & Learning Centre
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2023.
Objectives and activities
Objects and aims
A summary of the objects of the charity as set out in its governing document is:-
The advancement of the educational and spiritual, physical mental and social development of children and the provision of facilities for recreation for such children in the interests of social, welfare and with the object of improving their conditions of life.
Objectives, strategies and activities
The main activities of the charity in relation to these objects are; the provision of a pre-school nursery between 9am and 3pm every week day in term time; a breakfast club facility between 7.45am and 8.45am; an after school club between 3.20pm and 6pm. The out of hours school clubs are available to all school-age children aged 4 - 11 years old.
Use of volunteers
The charity depends on the flexibility of its staff some of whom work in more than one service. This also ensures it can offer continuity for the children who attend from nursery through to year 6 of primary school. The charity welcomes and actively recruits volunteers from parents of children at the school or nursery and works closely with local secondary schools to provide work placements for students during the year.
Achievements and performance
Attendance at our Services
• In September 2022, our pre-school nursery was already experiencing high demand.
• By 1st April 2022, nursery places were 94% full in the mornings and 81% full in the afternoon. Our wrap-around clubs were full throughout the year.
• Club services remained in a room within the school, keeping them separated from the nursery provision as the arrangement was working well.
• A small waiting list was held for specific club and nursery days where services were full.
Staff Training and Development
• We currently have one apprentice Early Years Educator.
• All staff benefitted from continued professional development with training in house and externally in all areas from first aid to food hygiene. Keeping up to date on all safe-guarding issues remained paramount.
• Tapestry (Early Years Online Learning Journal) training updates were undertaken by all nursery staff. The software records all the learning and fun experienced by the children and enhances and simplifies early years learning for teachers, practitioners and parents.
• The trustees consider staff development to be a very important to making a success of our centre.
Page 2
Saltwood Play & Learning Centre
Trustees' Report
Community, Grants and Fund Raising
• The children visited a local foodbank run by the Salvation Army with their own donations this year. They also took part in annual fund-raising activities for Red Nose Day and Children in Need.
• The nursery continued to link up with the community wherever possible, visiting the local library on the bus. Unfortunately, they could not meet with the residents of a local care home again this year due to health fears following the pandemic. The children also visited a local farm to collect the Christmas tree, walked in the countryside and visited other local landmarks.
• Our nursery/centre manager continued to collaborate with local nursery managers in many areas including local grants and nursery policies.
-
Parents were kept full informed and consulted about our activities and policies through email and the internet.
-
Annual surveys were conducted in the services for feedback.
Marketing and Recruitment –
• Our Facebook page was used to keep parents informed and our activities shared with the local community encouraging several new parents to come along and visit us.
• Facebook and the centre website were used for recruitment of staff and we also used Indeed and several Kent recruitment online services.
Daily Management
• Regular, management meetings and discussions between the centre manager, trustees and the business manager continued, online where necessary.
• The after-school supervisor continued to order food and resources for all services online to allow for economies of scale and reduce time spent shopping.
• All our policies were updated and shared as they are each year and staff fully involved in their development.
Financial review
Policy on reserves
The charity’s policy on reserves is to maintain a reserve as close as possible to at least one term’s staff salaries and, in view of the temporary nature of our building, to maintain a reserve for the (temporary) building's ongoing maintenance and eventual renewal. This policy is reviewed annually in the light of attendance figures, pay reviews, and reports on the buildings condition.
The trustees feel that the reserve is compliant with this at 31st August 2023 without any major spending on maintenance during the year. Planning permission renewal is required every 5 years and this will be due in December 2024.
Cash flow remained very good due to the part-prepayment of funding for 2, 3- and 4-year-olds from the local authority and the majority of parents paying their club term fees within a week of term starting.
Principal funding sources
The principal funding of the charity came from the government funding at the nursery for 3- and 4-year olds together with club and nursery fees. We received a small amount of local authority funding for eligible 2-year olds (only 1 child this year).
We receive the bulk of our non-funded payments now either by childcare voucher, tax free childcare or BACS payments which has made the collection of fees more efficient.
Page 3
Saltwood Play & Learning Centre
Trustees' Report
Structure, governance and management
Nature of governing document
The governing document for the company is the Memorandum and Articles of Association incorporated 4th July 2006 as amended by special resolution of 8th January 2007.
The charity is constituted as a not-for-profit company limited by guarantee.
Recruitment and appointment of trustees
Proposed members are elected by unanimous agreement of all trustees.
Organisational structure
The charity’s organisational structure consists of at least three, voluntary, elected trustees who oversee the management of the sub-departments of the company; the Saltwood Nursery, the Breakfast Club and the After School Club. The charity is closely connected to the school.
The trustees currently consist of the current head teacher of Saltwood School, a teacher from another local primary school and a business owner whose children previously attended the school. All the trustees are able to offer help and support to the services, giving their time voluntarily as and when it is required to ensure the smooth-running of the operations. A business manager is employed to prepare and oversee the reporting, accounting, payroll, funding and other financial issues as well as advise on the strategic development of the charity. The services report directly to the trustees on all operational issues and are supported in all financial matters by the business manager.
All the trustees, in consultation with the centre manager and business manager are fully involved in the formulation of policies and procedures to manage HR and operational issues. Regular meetings (including the AGM) are held to discuss issues brought to their attention by the department heads and financial reviews provided by the business. Other centre meetings are arranged as and when required by the centre manager.
Services are provided in a purpose-built building provided through Kent County Council’s Sure Start programme which allows the trustees to closely monitor the provision in respect of all the charity’s aims. The charity has joint policies and procedures across its departments and benefits from economies of scale in regards to purchases and overheads.
The trustees consider the major risks affecting the charity by assessment annually at the trustee meetings.
Statement of trustees' responsibilities
The trustees (who are also the directors of Saltwood Play & Learning Centre for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
Page 4
Saltwood Play & Learning Centre
Trustees' Report
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr P Newton Trustee
Page 5
Saltwood Play & Learning Centre
Independent Examiner's Report to the trustees of Saltwood Play & Learning Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
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 Saltwood Play & Learning Centre 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 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 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Mr Daniel Payne FCCA Beresfords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ
Date:.............................
Page 6
Saltwood Play & Learning Centre
Statement of Financial Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Investment income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Other expenditure 8 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted funds £ 176 194,961 831 195,968 (157,870) (690) (12,320) (170,880) 25,088 25,088 85,402 110,490 |
Restricted funds £ 5,086 - - 5,086 (5,269) - (7,486) (12,755) (7,669) (7,669) 88,806 81,137 |
Total 2023 £ 5,262 194,961 831 |
|---|---|---|---|
| 201,054 | |||
| (163,139) (690) (19,806) |
|||
| (183,635) | |||
| 17,419 | |||
| 17,419 174,208 |
|||
| 191,627 |
The notes on pages 10 to 18 form an integral part of these financial statements. Page 7
Saltwood Play & Learning Centre
Statement of Financial Activities for the Year Ended 31 August 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Investment income 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Other expenditure 8 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted funds £ 233 175,872 7 176,112 (151,646) (660) (18,466) (170,772) 5,340 5,340 80,063 85,403 |
Restricted funds £ 2,650 - - 2,650 (2,467) - (7,465) (9,932) (7,282) (7,282) 96,089 88,807 |
Total 2022 £ 2,883 175,872 7 |
|---|---|---|---|
| 178,762 | |||
| (154,113) (660) (25,931) |
|||
| (180,704) | |||
| (1,942) | |||
| (1,942) 176,152 |
|||
| 174,210 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 18.
The notes on pages 10 to 18 form an integral part of these financial statements. Page 8
Saltwood Play & Learning Centre
(Registration number: 05866317) Balance Sheet as at 31 August 2023
| Note Fixed assets Tangible assets 14 Current assets Debtors 15 Cash at bank and in hand 16 Creditors: Amounts falling due within one year 17 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 18 |
2023 £ 85,720 1,033 110,787 111,820 (5,913) 105,907 191,627 81,137 110,490 191,627 |
2022 £ 94,267 627 83,776 |
|---|---|---|
| 84,403 (4,460) |
||
| 79,943 | ||
| 174,210 | ||
| 88,807 85,403 |
||
| 174,210 |
For the financial year ending 31 August 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 charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr P Newton Trustee
The notes on pages 10 to 18 form an integral part of these financial statements. Page 9
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
1 Charity status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Saltwood C of E Primary School Grange Road Saltwood Hythe Kent CT21 4QS
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Saltwood Play & Learning Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 10
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £250.00 or more are initially recorded at cost.
Page 11
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Freehold property Equipment
Depreciation method and rate 25 years straight line 20% on reducing balance
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Page 12
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
3 Income from donations and legacies
| Grants, including capital grants; Government grants Grants from other agencies Other income from donations and legacies |
Unrestricted funds General £ - - 176 176 |
Restricted funds £ 4,586 500 - 5,086 |
Total 2023 £ 4,586 500 176 5,262 |
Total 2022 £ 2,867 - 16 |
|---|---|---|---|---|
| 2,883 |
4 Income from other trading activities
| Trading income; Sales of goods and services |
Unrestricted funds General £ 194,961 194,961 |
Total funds £ 194,961 194,961 |
Total 2022 £ 175,872 |
|---|---|---|---|
| 175,872 |
Page 13
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
5 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 831 |
Total 2023 £ 831 |
Total 2022 £ 7 |
|---|---|---|---|
6 Expenditure on raising funds
a) Costs of trading activities
| Note Other direct costs of activities for generating funds Staff Costs |
Unrestricted funds General £ 9,192 148,678 157,870 |
Restricted funds £ 621 4,648 5,269 |
Total 2023 £ 9,813 153,326 163,139 |
Total 2022 £ 9,355 144,758 |
|---|---|---|---|---|
| 154,113 | ||||
| Total costs £ |
7 Expenditure on charitable activities
| Note Governance costs 9 |
Unrestricted funds General £ 690 |
Total 2023 £ 690 |
Total 2022 £ 660 |
|---|---|---|---|
Page 14
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
8 Other expenditure
| Note Legal fees Depreciation, amortisation and other similar costs Other resources expended |
Unrestricted funds General £ 323 1,342 10,655 12,320 |
Restricted funds £ - 7,486 - 7,486 |
Total 2023 £ 323 8,828 10,655 19,806 |
Total 2022 £ 500 8,814 16,617 |
|---|---|---|---|---|
| 25,931 |
9 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements 10 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include: Loss on disposal of fixed assets held for the charity's own Depreciation of fixed assets |
Unrestricted funds General £ 690 690 use |
Total 2023 £ 690 690 2023 £ 202 8,626 |
Total 2022 £ 660 |
|---|---|---|---|
| 660 | |||
| 2022 £ - 8,814 |
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Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
11 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs |
2023 £ 150,087 - 1,781 1,458 153,326 |
2022 £ 141,672 409 1,582 1,095 |
| 144,758 |
No employee received emoluments of more than £60,000 during the year.
12 Independent examiner's remuneration
| 12 Independent examiner's remuneration | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Examination of the financial statements | 690 | 660 |
13 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 16
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
14 Tangible fixed assets
| Cost At 1 September 2022 Additions Disposals At 31 August 2023 Depreciation At 1 September 2022 Charge for the year Eliminated on disposals At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 15 Debtors Trade debtors Prepayments Accrued income 16 Cash and cash equivalents Cash on hand Cash at bank 17 Creditors: amounts falling due within one year Accruals Deferred income |
Land and buildings £ 183,631 - - |
Furniture and equipment £ 32,630 281 (1,973) 30,938 26,508 1,280 (1,771) 26,017 4,921 6,122 2023 £ - 592 441 1,033 2023 £ - 110,787 110,787 2023 £ 980 4,933 5,913 |
Furniture and equipment £ 32,630 281 (1,973) 30,938 26,508 1,280 (1,771) 26,017 4,921 6,122 2023 £ - 592 441 1,033 2023 £ - 110,787 110,787 2023 £ 980 4,933 5,913 |
Total £ 216,261 281 (1,973) 214,569 121,995 8,625 (1,771) 128,849 85,720 94,266 2022 £ 119 508 - |
|
|---|---|---|---|---|---|
| 183,631 | |||||
| 95,487 7,345 - |
|||||
| 102,832 | 26,017 | ||||
| 80,799 | 4,921 | ||||
| 88,144 | 6,122 | ||||
| 2023 £ - 592 441 1,033 2023 £ - 110,787 110,787 2023 £ 980 4,933 5,913 |
|||||
| 627 | |||||
| 2022 £ 144 83,632 |
|||||
| 83,776 | |||||
| 2022 £ 1,032 3,428 |
|||||
| 4,460 |
Page 17
Saltwood Play & Learning Centre
Notes to the Financial Statements for the Year Ended 31 August 2023
18 Funds
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 September 2022 £ 85,402 88,806 174,208 Balance at 1 September 2021 £ 80,063 96,089 176,152 |
Incoming resources £ 195,968 5,086 201,054 Incoming resources £ 176,112 2,650 178,762 |
Resources expended £ (170,880) (12,755) (183,635) Resources expended £ (170,772) (9,932) (180,704) |
Balance at 31 August 2023 £ 110,490 81,137 |
|---|---|---|---|---|
| 191,627 | ||||
| Balance at 31 August 2022 £ 85,403 88,807 |
||||
| 174,210 |
19 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 4,581 111,820 (5,913) 110,488 Unrestricted funds General £ 5,642 84,220 (4,460) 85,402 |
Restricted funds £ 81,139 - - 81,139 Restricted funds £ 88,625 183 - 88,808 |
Total funds at 31 August 2023 £ 85,720 111,820 (5,913) |
|---|---|---|---|
| 191,627 | |||
| Total funds at 31 August 2022 £ 94,267 84,403 (4,460) |
|||
| 174,210 |
Page 18