JIGSO CHILDRENS CENTRE (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATTON NUMBER 03855779 CHARITY REGISTRATION NUMBER 1143768
JIGSO CHILDRENS CENTRE SIGNIFICANT INFORMATION The organisation was incorporated on 8 October 1999 in order to provide support and provide resources and services for children pre-birth up to the age of14, their families and significant others in the counties of Ceredigion, Pembrokeshire and Carnlarthenshire. DTRECTORSITRUSTEES: Mrs B Meredith, I Pont Y Cleifion, Cardigan, Ceredigion, SA43 1 DW. (Appointed 8 of December 2022) Mrs E B Jones, Llanlleban, Hernion, Glogue, Pembrokeshire, SA36 ODY. Ms D W Dearlove, Craig y Nos, Penrherber, Newcastle Emtyffj SA38 9RW. Ms K Martin, Ty Broch, 26 St Mary's Street, Cardigan, SA43 IDH. (Resigned 30 of July 2023) Ms C R Wakelam, Bromnor, Tresaith, Cardigan, SA43 2JH. Ms S Wreford, .... (Appointed 20 of July 2023) Ms A Kimber, ...,.(Appointed 20 of July 2023, Res]ed on I" of FebrLW 2024) Ms J Bottone, ....(Appointed 20 of July 2023) th ADVISERS Bankers: Barclays Bank plc, 32 High Street, Cardigan, Ceredigion. Accountants: D M B Davies Limited. Broyan House, Priory Street, Cardigan, SA43 IBZ. 'stered Office: I Pont Y Cleifion, Cardigan, Ceredigion, SA43 IDW.
JIGSO CHILDRENS CENTRE TRUSTEES, RESPONSIBILITY FOR THE ACCOUNTS Charity Law requires the trustees to prepare ststements of account for each financial year which give a bue and fair view of the state of affairs of the charity and of its incoming resources and application of resources for that period. In prcparing those financial statements. the trustees are required to: select suitable accounting policies and apply th¢m conslstently; make judgements and estimates that are r¢asonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. * to value assets and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities. The trustces are responsiblc for k¢eping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Associatio and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JIGSO CHILDRENS CEI¥TRE I report to the trustees on my examination of the accounts of the Jigso Childrens Centre for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of thc accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect:_ accounting records were not kept in respect of th¢ Trust as required by section 130 of the Act. or 2. the accounts do not accord with thosc records. or 3. the acUnts do not comply with the applicable requircments conc¢rning the forn] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be thawn in this report in order to enable a proper understanding of the accounts to be reached. D M B DAVIES LIMITED Accountants Broyan House Priory Street CARDIGAN C¢redigion SA43 IBZ
JIGSO CHILDRENS CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCOME AND EXPENDITURE NOTES GENERAL FUNDS RESTRICTED FUNDS TOTAL 31103123 Incomin Grants Donations Fund-Raising Day to Day Income Service Provision Bank Interest Received Room Hire Sundry Income Resources 99,733 99,733 16,635 3,231 2,952 468 128 1,755 299 95,357 2,754 5,123 2,797 2,640 128 1,851 299 16,635 3,231 2,952 468 653 1,755 TOTAL INCOME £25,694 £99,733 £125,427 £110,949 Resources nded Direct Charitable Expenditure Management and Athninistration 3, 4 Depreciation TOTAL EXPEI¥DITURE 11,524 59,923 17,528 68,594 9,892 115,380 8,671 £19,188 £71.447 £90,635 £130,805 Net Incomln Out oin Resources for the l'ear Transfers Between Funds 6,506 28,286 34,792 (19,856) Retained Profit BIFwd (7,405) 105,287 97,882 117,738 RETAINED PROFIT CIFWD (£899) £133,573 £132,674 £97,882 None of the Company's activities were acquired or discontinued during the above financial year. There were no reCOlsed gains or losses other than the profit or loss for the above financial year. The notes on pages 7 to l O form an integral part of these Accounts.
JIGSO CHILDRENS CENTRE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible Assets 18,948 22,960 CURRENT ASSETS Cash At Bank and In Hand 114,416 75,612 114,416 CREDITORS: Amounts falling due within one year 75,612 690 690 NET CURRENT ASSETS 113,726 74,922 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS General Fund Restricted Funds £132,674 £97,882 (899) 133 573 £132,674 (7,405) 105 287 £97,882 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The mernbers have not required the cornpany to obtsin an audit of its financial statements for the year ended 31 March 2024 in acc()rdance with Section 476 of the Cornpanies 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 th¢ 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 statcments, so far as applicable to the company. Approved by the trustees on i*K 202sand signed on their behalf by: SIGNATURE NAME
JIGSO CHILDRENS CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I) ACCOUNfING POLICIES Basis of Accountin These Accounts have been prepared on the basis of historic costs in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP), with Accounting Standards, and with the Charities Act 2011. Income Donations and legacies are accounted for when received by the Charity. Other incom¢ is accounted for on an accrnals basis as far as it is prudent to do so. Tan 'ble 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 % and 250/0 on reducing balance. Glfts in Klnd The Charity receives the benefit of work carried out by volunteers and receives the use of facilities and equipment without charge. No value is placed on these items, where the benefit extends over several periods, in which case they are valued and included in the balance sheet at a reasonable valuation. Grants Revenue Grants are credited to the incom¢ and expenditure account as received, unless related to a specific period, when it is placed in a restricted fund until used. 2) Grants and DonAtions Restricted Pembrokeshire County Council Ceredigion County Council Big Lottery- Healthicr Families Moondance St Dogmaels Community Council Donations Postcode Lottery Dr Dewi Davies Fund PAVS Living Well & Welcoming Spaces Fund CFW Cost of Living 2023 Principality Build Society Future Generations National Grid Fishguard & Goodwick Town Council Soroptimist International Cardigan Branch Llangoedmor Community Council 2024 2023 16,392 22,750 33,456 8,583 28,758 22,810 750 500 25,000 5,000 3,857 5,000 12,500 6989 1495 500 250 TOTAL GRANTSIDONATIONS
JIGSO CHILDRENS CEiYfRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 31 MARCH 2024 uREluCTED RESTRICTED 960 129 70 3,120 1,711 1,292 4.242 11,524 3 DIRECT CHARITABLE EXPENDITURE l1]surl¢c$ Sundry Char8¢S Fund Raising Expa]ses Equipment, Sports Equipmwl and Book Purch8S¢S Refresl]tnents and Subsistence PlannIg and Profcssional Fe¢s Activiti&8 TOTAL 960 1.862 70 3.343 1.885 5.012 4,396 17.528 2023 509 299 308 ,012 1,615 5,808 341 9.892 .733 223 174 3,720 154 6.004 4 MANAGEMENT Af4D ADMINISTRATIof% 31 MARCH 21124 UNRESTRICTED RESTRICTED 733 TOTAI. 733 TelqJhoDc Advertising/Publicity Houseknld & Cleaning Postage and Stationery Computcr Expenses Wages and National tnsuTance Pensions Trdvelling Training and Courses Heat and Light RenuRoom Hir¢ Licences & tnsurances 2023 718 25 27 581 3,124 37.977 608 3.124 37,977 2.328 2.824 374 1,925 82.275 5,187 1.769 622 3.730 15,823 20 868 2,328 2.052 772 2.618 2,618 16236 16,236 984 344 984 344 Unifornis Property Expenses Subs¢riptions aMI Ftts Bank Charges DBSIWCVA Checks Rates & Water PAT Testing 310 302 289 70 258 08 115.380 213 105 213 105 56 56 8,671 59,923 68,594 TAliGIBLE FIXED ASSETS FIKfuRIS AND M(YfoR VEHICLES COMPUTER EQUIPMENT TOTAL COST At l April 2023 Additions 31.725 28.124 1.740 500 61.589 500 At 31 Mar¢h 2024 31.725 28,124 2,240 62,089 DEPRECIATON At l April 2023 Charge for year 18,2Q7 1027 19,595 2.132 827 353 38.029 4.312 At 31 Mor¢h 2024 20.234 21,727 1,180 43,141 NET BOOK VALUE At 31 March 2024 At 31 March 2023 11.491 13,518 6,397 8.523 1,060 913 18,948 22,960
JIGSO CHILDRENS CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 6) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Other Creditors 690 690 £690 £696 7) FUNDS GENERAL RESTRICTED TOTAL At l April 2023 Incoming Resources for the Year Outgoing Resources for the Year Transfers (7,405) 25,694 (19,188) 105,287 99,733 (71,447) 97,805 125,427 (90,635) At 31 March 2024 (£899) £133,573 £132,674 REPRESENTED BY: 2024 2023 Net Current Assets 113,726 74,922 £113,726 £74,922 Restricted Funds comprise funds received from: Pembrokeshire County Council, Ceredigion Council, Fishguard & Goodwick Town Council, Llangoedmor Community Council, The Postcode Lottery, Dr Dewi Davies Fund, PAVS Living Well & Welcoming Spaces Fund, CFW Cost of Living 2023, Principality Building Society Future Generations, National Grid and Soroptimist International Cardigan Branch. The total of £16,392 from PCC is made up of. Families First Grant £5,250, Food Poverty Grant £5,000, Children & Cornmunities Grant £4,000 & Sustainable Communities Fund £2,142.01. The total of £22,750 is from CCC is made up of, Plant Dewi Grant £8,200, Menter a Busnes £4,550 & Ceredigion Council directly £1 0,000. 8) TRANSACTIONS WITH TRUSTEES AND CONNECTED PARTIES The Trustees confirni that there were no material transaction with Trnstees or connected parties during the period under review.