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2021-08-31-accounts

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 2021

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

  1. 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

Rowlands Gill under Fives had another difficult year. Due to the pandemic we had to half the numbers of children we could accept into each Breakfast and Afterschool club session. We had many children having to ‘isolate’ due to having Covid or being a close contact which meant another reduction in fees received. We had to close Funky Monkeys for a month in January and only kept Playgroup open for Keyworkers and Vulnerable children.

Moving forward we have been able to accept a slightly larger number of children onto our out of school sessions now and Playgroup are again fully reopened. We will again begin to rebuild the funds we have lost over the last 2 years.

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 £122,898 and total outgoing resources of £115,688 with a balance brought forward from the previous year of £3,242 the total funds carried forward are £692. 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.

Future Plans

Our reputation and service provided still remains high and we are confident we will slowly rebuild finances. Our good reputation remains, and we will continue to attract custom with advertising as well as word of mouth

Company No. 006506011 Charity No. 1123855

Page 4 of 11

Rowlands Gill Under Fives (a company limited by guarantee)

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 2021 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: Nichola Kehoe Signature: N Kehoe Name: Signature: Date: 26[th] May 2022

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 2021 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:

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:

Kate Tully FMAAT FCIE

Date 26[th] May 2022

Signed K A Tully

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 2021

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
2020-21
£		 Total Funds
Previous
Period
£
58
0
113,080
9,761
0
0
0
0
0
0		 58
122,840
0
0
0		 0
87,974
20,358
0
0
113,138
9,761		 122,898 108,332
0
0
115,688
9,761
0
0		 0
115,688
0
0		 0
117,092
0
0
115,688
9,761		 115,688 117,092
(2,550)
0		 7,210 (8,760)
(2,550)
0		 7,210 (8,760)
3,242 3,242 12,002
692
0		 **692 ** 3,242

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 2021

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
2020-21
£
1,042		 Total Funds
2019-20
£
3,592
1,042 3,592
(350)
0		 (350)
0
692 3,242
0
692		 0
3,242
692 3,242

Directors’ responsibilities:

For the period ending 31 August 2021 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: Nichola Kehoe Signature: N Kehoe Name: Signature: Date: 26[th] May 2022

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 2021

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:

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 2020-21

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
Rent
Membership Subs
Online Systems
Insurance
Consumables
Independent Examination
Other
Total Expenditure
Support Costs
Support Cost Type
Maintenance and Refurbishments
Insurance
Consumables
Independent Examination
Fundraising Costs
Total
Unrestricted
Restricted
58		 Total
58
0
58
0		 58
70,063
9,761
23,644
19,372		 79,824
23,644
19,372
113,080
9,761		 122,840
0 0
0
0
0		 0
0
113,138
**9,761 **		 122,898
Unrestricted
Restricted		 Total
0
0
0		 0
99,422
9,761
2,429
1,116
6,126
569
782
995
2,500
350
1,399		 109,183
2,429
1,116
6,126
569
782
995
2,500
350
1,399
115,688
9,761		 125,449
115,688
9,761		 125,449
Fundraising Charitable
Governance
Activity
Activity
Activity
£
£
£
6,126
995
2,500
350
0
Total Cost
£
6,126
995
2,500
350
0
0
9,621
350		 9,971

Company No. 006506011 Charity No. 1123855

Page 10 of 11

Rowlands Gill Under Fives (a company limited by guarantee)

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
2020-21
£
£
£
99,422
9,761
109,183		 Total
2019-20
£
89,209
99,422
9,761		 109,183 89,209
Total
2020-21
Total
2019-20
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)

----- Start of picture text -----
Total Total
Creditors (less than 1 year) 2020-21 2019-20
£ £
Trade Creditors 0 0
Independent Examination Fee 350 350
Total 350 350
----- End of picture text -----

Company No. 006506011 Charity No. 1123855

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