**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 2023**
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 continues to rebuild its finances after the difficult Covid years. Our increased fees and reduces staffing have helped to increase our income/ reduce our outgoings. The numbers of children are growing and we are now having children register early for future years. We are confident that our finances will grow quicker the following year with the additional funding from the new working parents government incentive. We predict from next year our spaces will fill quicker therefore taking better income earlier.
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 £122,447 and total outgoing resources of £122,031 with a balance brought forward from the previous year of £104 the total funds carried forward are £520. The Directors/Trustees are doing everything they can, in order to ensure the financial stability of the company.
## **Risk Management**
The Directors continue to examine 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 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 2023 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:_ Kehoe _Name: Signature: Date_ : 21[st] May 2024
Company No. 006506011 Charity No. 1123855
Page 5 of 11
**Rowlands Gill Under Fives (a company limited by guarantee)** PO **Independent Examiners Report** Report to the trustees/directors of Rowlands Gill Under Fives Limited on Accounts for the year ended 31 August 2023 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 21[st] May 2024 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 2023**
|**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**
**2022-23**
**£**|**Total**
**Funds**
**Previous**
**Period**
**£**|
|---|---|---|---|
||244
0
122,084
0
119
0
0
0
0
0|244
122,084
119
0
0|86
115,339
178
0
0|
||**122,447**
**0**|**122,447**|**115,602**|
||0
0
122,031
0
0
0|0
122,031
0
0|0
116,191
0
0|
||**122,031**
**0**|**122,031**|**116,191**|
||**416**
**0**|**416**|**(588)**|
|||||
||**416**
**0**|**416**|**(588)**|
||104|104|692|
||**520**
**0**|**520**|**104 **|
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)** Pee Balance Sheet **as at 31 August 2023**
**Total Funds Total Funds Note 2022-23 2021-22 £ £ Current Assets** _Cash at Bank and In Hand_ 870 453 **Total Current Assets** 870 453 **Liabilities** _Creditors: Amounts falling due within one year_ (350) (350) _Creditors: Amounts falling due after one year_ 0 0 **Total Assests less Total Liabilities** ~~=~~ 520 104 The Funds of the Charity: Restricted income funds 0 0 Unrestricted income funds 520 104 **TOTAL CHARITY FUNDS** 520 104 ~~|~~
## **Directors’ responsibilities:**
For the period ending 31 August 2023 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: Name: Signature: Date_ : 21[st] May 2024
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 2023**
## **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 2022-23**
## **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**
244|**Total**
244
0||
|---|---|---|---|
||244
0|244||
||33,067
47,864
41,153|33,067
47,864
41,153||
||122,084
0|122,084||
||0
119|0
119||
||119
0|119||
||0|||
|||||
|||||
||**122,447**
**0**|**122,447**||
|||||
||**Unrestricted**
**Restricted**|**Total**
0||
||0
0|0||
||108,740
4,026
635
2,236
1,927
836
2,129
350
1,151|108,740
4,026
635
2,236
1,927
0
836
2,129
350
1,151||
||122,031
0|122,031||
|||||
||122,031
0|122,031||
|||||
||**Fundraising Charitable**
**Governance**
**Activity**
**Activity**
**Activity**
**£**
**£**
**£**
2,236
836
2,129
350
0||
**Total Cost**
**£**
2,236
836
2,129
350
0|
||0
5,202
350||5,552|
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**
|**5**
**Employees**||||
|---|---|---|---|
|
**Employees**
Salaries and NI
**Total**
**Number of Employees**
5 full time and 2 part
time|
**Unrestricted**
**Restricted**
**Total 2022-23**
**£**
**£**
**£**
108,740
0
108,740||**Total 2021-22**
**£**
107,937|
||108,740
0|108,740|107,937|
||**Total 2022-**
**23**
**Total 2021-**
**22**
7
7|||
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 2022-23**
**£**
0
350|**Total 2021-22**
**£**
0
350|
|---|---|---|
||**350**|**350**|
Company No. 006506011 Charity No. 1123855
Page 11 of 11