Rowlands Gill Under Fives
(a company limited by guarantee)
Company Registration no 06506011 Charity Registration no 1123855
Financial Statements For the year ended 31 August 2020
Rowlands Gill Under Fives Limited
7 Glamis Crescent Rowlands Gill Tyne & Wear NE39 1AT
Rowlands Gill Under Fives (a company limited by guarantee)
Legal and Administrative Information
| Name: | Rowlands Gill Under Fives |
|---|---|
| Company No: | 06506011 |
| Charity No: | 1123855 |
| Directors/Trustees: | Nichola Kehoe |
| Lesley Garvey | |
| Registered Address: | 7 Glamis Crescent |
| Rowlands Gill | |
| Tyne & Wear | |
| NE39 1AT | |
| Bankers: | Lloyds TSB |
| 44 Front Street | |
| Whickham | |
| Newcastle Upon Tyne | |
| NE16 4DS | |
| Solicitors: | Muckle LLP |
| Norham House | |
| 12 Bridge Street West | |
| Newcastle Upon Tyne | |
| NE1 8AS | |
| Structure: | Rowlands Gill Under Fives is a Company limited by guarantee |
| registered on 18 September 2008 and a registered charity registered | |
| on 23 April 2008 | |
| Independent Examiner: | Kate Tully FMAAT FCIE |
| 20 Ennerdale Crescent | |
| Winlaton | |
| Blaydon on Tyne | |
| NE21 6PS |
Company No. 006506011 Charity No. 1123855
Page 2 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
Contents
- Director’s/Trustees Report Pages 4-5 2. Independent Examiner’s Report Page 6 3. Statement of Financial Activities Page 7 4. Balance Sheet Page 8 5. Notes to the Accounts Pages 9-11
Company No. 006506011 Charity No. 1123855
Page 3 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
Director’s/Trustees Report
Objectives and Activities
To advance the education of children below compulsory school age be providing for the daily care, recreation and educational opportunities of children.
Achievements and Performance
What a different year.
On March 20[th] 2020 we were ordered to Temporarily close our doors to all children with the exception of Key worker children and vulnerable children due to the Covid 19 pandemic and the country entering a National Lockdown.
We remained open to key worker and vulnerable children in Playgroup and Funky Monkeys working with a greatly reduced staff team. We furloughed 60% of staff due to the huge decrease in fees taken.
On June 8[th] we reopened Playgroup partially to a reduced number of children who wanted to return, bringing back one of our members of staff from furlough. Funky Monkeys remained closed to all children with the exception of key worker children.
We have had an increase in costs in cleaning supplies and resources due to the additional cleaning identified in our Covid 19 Risk assessment.
We were awarded a £500 recovery grant from Tesco’s to help with our additional costs.
The trustees/directors have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by the range of activities as described above.
Financial Review
The financial position for the year shows net incoming funds of £108,332 and total outgoing resources of £117,092 with a balance brought forward from the previous year of £12,002 the total funds carried forward are £3,242. The Directors/Trustees consider the financial position of the company to be relatively stable.
Risk Management
The Directors are examining the major risks, which the company faces in relation to external factors, governance and management, internal operations and business. They are considering the likelihood and the impact of risks and are reviewing what systems should be in place to control and reduce those risks. The systems are being designed to provide reasonable, but not absolute, assurance against material loss or misstatement of loss.
Reserves Policy
It is the policy of the company to try to build up unrestricted funds, which are free reserves of the company, to a level that equates to approximately 3 months unrestricted expenditure. This will provide sufficient funds to cover management and administration support costs and any emergencies that may arise from time to time.
Company No. 006506011 Charity No. 1123855
Page 4 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
Future Plans
Moving forward we remain in a strong position with good numbers of children registered to attend Playgroup for the year 2020/2021.
Following an in-depth risk assessment Funky Monkeys will reduce the numbers of children it can care for per sessions to reduce the risk of infection due to the mixing of school “bubbles”. This will have an impact on our income, but we have reduced this impact by not replacing a member of staff who chose to leave in August 2020 which will greatly reduce staffing costs.
I am confident that Rowlands Gill Under Fives will have a successful 2020/2021.
Directors’/Trustees’ responsibilities:
The Directors/Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the company and which enable them to comply with applicable law. The Directors/Trustees 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.
Statement of Exemption
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees/directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the members and signed on their behalf:
Name: Signature: Name: Signature: Date :
Company No. 006506011 Charity No. 1123855
Page 5 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
Independent Examiners Report
Report to the trustees/directors of Rowlands Gill Under Fives Limited on Accounts for the year ended 31 August 2020 set out on pages 7 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under s.145 of the Charities Act 2011 (‘the Act’), and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination; it is my responsibility to:
-
Examine the financial statements under s.145 of the 2011 Act;
-
Follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act;and
-
State whether particular matters have come to my attention
Basis of examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which agree with the accounting records and comply with the accounting requirements of the 2011 Act ; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kate Tully FMAAT FCIE
Date……………………………………………………………………………………………
Signed............................................................................................................................
acie association of charity independent examiners
Kate Tully is a Fellow Member of the Association of Charity Independent Examiners and a Fellow Member of the Association of Accounting Technicians
Company No. 006506011 Charity No. 1123855
Page 6 of 11
Rowlands Gill Under Fives (a company limited by guarantee) Statement of Financial Activities
(incorporating the income and expenditure account)
for the year ended 31 August 2020
| Note Income and Endowments from: Donations and Legacies Charitable Activities Other Trading Activites Investments Other Total Income Expenditure on: Raising Funds Charitable Activities Other Total Expenditure Net incoming/outgoing resources before transfers Transfers Net movement in funds Total Funds brought forward Total funds carried forward |
Unrestricted Restricted Funds Funds £ £ |
Total Funds 2019-20 £ |
Total Funds Previous Period £ |
|---|---|---|---|
| 0 0 87,974 0 20,358 0 0 0 0 0 |
0 87,974 20,358 0 0 |
133 111,923 0 0 0 |
|
| 108,332 0 |
108,332 | 112,056 | |
| 0 0 117,092 0 0 0 |
0 117,092 0 0 |
0 101,677 0 0 |
|
| 117,092 0 |
117,092 | 101,677 | |
| (8,760) 0 |
(8,760) | 10,379 | |
| (8,760) 0 |
(8,760) | 10,379 | |
| 12,002 | 12,002 | 1,623 | |
| 3,242 0 |
3,242 | **12,002 ** |
The notes on pages 9-11 form an integral part of these financial statements.
Company No. 006506011 Charity No. 1123855
Page 7 of 11
Rowlands Gill Under Fives (a company limited by guarantee) Balance Sheet
as at 31 August 2020
| Note Current Assets Cash at Bank and In Hand Total Current Assets Liabilities Creditors: Amounts falling due within one year Creditors: Amounts falling due after one year Total Assests less Total Liabilities The Funds of the Charity: Restricted income funds Unrestricted income funds TOTAL CHARITY FUNDS |
Total Funds 2019-20 £ 3,592 |
Total Funds 2018-19 £ 12,352 |
|---|---|---|
| 3,592 | 12,352 | |
| (350) 0 |
(350) 0 |
|
| 3,242 | 12,002 | |
| 0 3,242 |
0 12,002 |
|
| 3,242 | 12,002 |
Directors’ responsibilities:
For the period ending 31 August 2020 the company was entitled to exemption from audit under section 477of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts 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 accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.’
Approved by the members and signed on their behalf:
Name:……………………………………Signature:……………………………………………………. Name:……………………………………Signature:……………………………………………………. Date:………………………………………………………………..
The notes on pages 9-11 form an integral part of these financial statements
Company No. 006506011 Charity No. 1123855
Page 8 of 11
Rowlands Gill Under Fives (a company limited by guarantee) Notes to the Financial Statements
for the period ending 31 August 2020
1 Accounting Policies
The principle accounting policies have been adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Basis of preparation
The financial statements have been prepared in accordance with the 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) (effective 1 January 2015) – Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102)..
The Directors/Trustees have taken advantage of the exemption in financial reporting standard no 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small.
Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability
Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Resources Expended and Liabilities
Resources expended have been analysed using a natural classification.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs includes the cost of trustee travel expenses and telephone calls and any costs relating to the governance of the charity.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
Assets
Assets are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
Investments
The charity has no investments at present.
Company No. 006506011 Charity No. 1123855
Page 9 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
2 Funds
The Charity has 1 general funds, an unrestricted general fund. There are no restricted or designated funds at this time.
Income and Expenditure Analysis for 2019-20
Income and Endowments from:
| Donations and Legacies Donations Breakfast Donations Charitable Activities Grants Funky Monkeys Playgroup Other Trading Activities Fundraising Other Investments Total Income Expenditure on: Raising Funds Fundraising Costs Charitable Activities Staff Costs Food Equipment Janitorial Expenses Membership Subs Magazine Subscription Insurance Insurance appliance Consumables Training Ofsted Registration and Invoicing System Independent Examination Other Total Expenditure |
Unrestricted Restricted |
Total 0 0 |
|---|---|---|
| 0 0 |
0 | |
| 500 33,066 54,408 |
500 33,066 54,408 |
|
| 87,974 0 |
87,974 | |
| 0 20,358 |
0 20,358 |
|
| 20,358 0 |
20,358 | |
| 0 | ||
| 108,332 0 |
**108,332 ** | |
| Unrestricted Restricted |
Total 0 |
|
| 0 0 |
0 | |
| 106,568 4,682 458 165 192 247 794 22 1,383 483 70 1,354 350 324 |
106,568 4,682 458 165 192 247 794 22 1,383 483 70 1,354 350 324 |
|
| 117,092 0 |
117,092 | |
| 117,092 0 |
117,092 |
Company No. 006506011 Charity No. 1123855
Page 10 of 11
Rowlands Gill Under Fives (a company limited by guarantee)
| Support Costs Support Cost Type Maintenance and Refurbishments Insurance Consumables Training Advertising Independent Examination Fundraising Costs Total |
Fundraising Charitable Governance Activity Activity Activity £ £ £ 165 794 1,383 483 70 350 0 |
Total Cost £ 165 794 1,383 483 70 350 0 |
|---|---|---|
| 0 2,895 350 |
3244.72 |
3 Assets
Assets are depreciated by 100% in the year of the grant. There are no fixed assets of material value at present
4 Investments
There are no investments at this time
5 Employees
Employees |
|||
|---|---|---|---|
Employees Salaries and NI Total Number of Employees 5 full time and 1 part time |
Unrestricted Restricted Total 2019-20 £ £ £ 106,568 106,568 |
Total 2018-19 £ 89,209 |
|
| 106,568 0 |
106,568 | 89,209 | |
| Total 2019-20 Total 2018-19 5.5 5.5 |
No member of staff was reimbursed £60,000 or more.
6 Debtors
There are no debtors at this time
7 Creditors (less than 1 year)
| Creditors (less than 1 year) Trade Creditors Independent Examination Fee Total |
Total 2019-20 £ 0 350 |
Total 2018-19 £ 0 350 |
|---|---|---|
| 350 | 350 |
Company No. 006506011 Charity No. 1123855
Page 11 of 11