**REGISTERED NUMBER: 03855779 (England and Wales)** ## **JIGSO CHILDRENS CENTRE** **REPORT OF THE DIRECTORS AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** D M B Davies Limited Broyan House Priory Street Cardigan Ceredigion SA43 1BZ **JIGSO CHILDRENS CENTRE** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Directors**|2| |**Income Statement**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Detailed Profit and Loss Account**|7| **JIGSO CHILDRENS CENTRE** **COMPANY INFORMATION for the Year Ended 31 MARCH 2023** |**DIRECTORS:**|Mrs E B Jones| |---|---| ||Ms C R Wakelam| ||Ms D W Dearlove| ||Ms K Martin| ||Mrs B Meredith| |**SECRETARY:**|| |**REGISTERED OFFICE:**|1 Pont Y Cleifion| ||Cardigan| ||Ceredigion| ||SA43 1DW| |**REGISTERED NUMBER:**|03855779 (England and Wales)| |**ACCOUNTANTS:**|D M B Davies Limited| ||Broyan House| ||Priory Street| ||Cardigan| ||Ceredigion| ||SA43 1BZ| Page 1 **JIGSO CHILDRENS CENTRE** **REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2023** The directors present their report with the financial statements of the company for the year ended 31 March 2023. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of Childrens Centre ## **DIRECTORS** Mrs E B Jones has held office during the whole of the period from 1 April 2022 to the date of this report. Other changes in directors holding office are as follows: Ms C R Wakelam - appointed 1 April 2022 Ms D W Dearlove - appointed 1 April 2022 Mrs B Meredith - appointed 8 December 2022 This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** Ms D W Dearlove - Director 21 December 2023 Page 2 ## **JIGSO CHILDRENS CENTRE** ## **INCOME STATEMENT for the Year Ended 31 MARCH 2023** |Notes
**TURNOVER**
Administrative expenses
Other operating income
**OPERATING LOSS**
4
Interest receivable and similar income
**LOSS BEFORE TAXATION**
Tax on loss
**LOSS FOR THE FINANCIAL YEAR**|2023
£
108,671
130,805
(22,134)
2,150
(19,984)
128
(19,856)
-
(19,856)|2022
£
140,966
151,713
(10,747)
1,585
(9,162)
6
(9,156)
-
(9,156)| |---|---|---| The notes form part of these financial statements Page 3 **JIGSO CHILDRENS CENTRE (REGISTERED NUMBER: 03855779)** ## **BALANCE SHEET 31 MARCH 2023** |Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Retained earnings|2023
£
-
75,612
75,612
690|£
22,960
74,922
97,882
97,882
97,882|2022
£
1,000
92,241
93,241
652|£
25,149
92,589| |---|---|---|---|---| |||||117,738| |||||117,738| |||||117,738| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. ## The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by: Ms D W Dearlove - Director The notes form part of these financial statements Page 4 **JIGSO CHILDRENS CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023** ## 1. **STATUTORY INFORMATION** Jigso Childrens Centre is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 15% on reducing balance ## **Taxation** Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 6 (2022 - 8). Page 5 continued... **JIGSO CHILDRENS CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023** |4.
**OPERATING LOSS**
The operating loss is stated after charging:
2023
£
Depreciation - owned assets
5,535
5.
**TANGIBLE FIXED ASSETS**
Fixtures
and
Motor
Computer
fittings
vehicles
equipment
£
£
£
**COST**
At 1 April 2022
29,099
28,124
1,020
Additions
2,626
-
720
At 31 March 2023
31,725
28,124
1,740
**DEPRECIATION**
At 1 April 2022
15,821
16,751
522
Charge for year
2,386
2,844
305
At 31 March 2023
18,207
19,595
827
**NET BOOK VALUE**
At 31 March 2023
13,518
8,529
913
At 31 March 2022
13,278
11,373
498
6.
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Trade debtors
-
7.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Other creditors
690|2022
£
6,299
Totals
£
58,243
3,346|2022
£
6,299
Totals
£
58,243
3,346| |---|---|---| ||61,589|| ||33,094
5,535|| ||38,629|| ||22,960|| ||25,149|| |||2022
£
1,000| |||2022
£
652| Page 6 ## **JIGSO CHILDRENS CENTRE** ## **DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 MARCH 2023** |**Turnover**
Donations
Grants
Fundraising
Day to Day Income
Service provision
**Other income**
Rents received
Sundry receipts
Deposit account interest
**Expenditure**
Wages
Travelling
Pensions
Refreshments and Subsistence
Equipment & Books Purchases
Rates and water
Insurance
Light and heat
Repairs to property
Fund Raising Expenses
Training & Courses
Room/Library Hire
Activities
Healthy Hearts Expenses
Computer Expenses
Telephone
Post and stationery
Advertising and marketing
Licences and insurance
DBS/CAVO Checks
Household and cleaning
Uniforms
PAT testing
Subscriptions and fees
Sundry expenses
Accountancy
Legal and professional fees
**Finance costs**
Bank charges
Carried forward|2023
£
2,754
95,357
5,123
2,797
2,640
1,851
299
128
82,275
1,769
5,187
1,615
1,012
258
509
3,730
310
308
622
15,823
341
-
1,925
718
374
25
20
70
7
-
808
302
299
868
5,808|£
108,671
2,278
110,949
124,983
(14,034)
289
(14,323)|2022
£
910
138,726
456
874
-
1,185
400
6
94,424
827
6,236
468
4,257
203
2,002
2,678
450
-
3,921
17,880
1,585
29
1,364
709
314
851
-
100
690
37
-
1,181
657
980
3,368|£
140,966
1,591
142,557
145,211
(2,654)
202
(2,856)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 7 ## **JIGSO CHILDRENS CENTRE** ## **DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 MARCH 2023** |Brought forward
**Depreciation**
Fixtures and fittings
Motor vehicles
Computer equipment
**NET LOSS**|2023
£
2,386
2,843
304|£
(14,323)
5,533
(19,856)|2022
£
2,343
3,791
166|£
(2,856)
6,300
(9,156)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 8