Company Number: 07776843 Charity Number: 1144315
Roundabout Pre-School Ltd
Trustees’ Report and Financial Statements for the Year Ended 31 August 2024
Roundabout Pre-School Ltd
Contents
Page Charity Information ............................................................................................ 1 Report of the Trustees ......................................................................................... 2 Independent Examiner’s Report ............................................................................ 5 Statement of Financial Activities ........................................................................... 6 Balance Sheet .................................................................................................... 7 Notes to the Financial Statements ........................................................................ 8
Roundabout Pre-School Ltd
Charity Information
Trustees:
Elizabeth Cartlidge Chair from 23/01/2024 Stella Wagner Secretary from 15/11/2023 Sarah Rayner Treasurer from 24/10/2023 Charlotte Ashton from 24/10/2023 Felicity Thompson Faye Cowling from 24/10/2023 Lucy Adams from 24/10/2023 Jodie Smith from 24/10/2023 Liann Ramsden from 24/10/2023
Pre-School leaders:
Adele Laycock (Pre-School Manager) Maren Swift (Office Manager)
Principal and registered office:
The Portacabin Horsforth Newlaithes Primary School Victoria Crescent Horsforth Leeds LS18 5EW
Independent Examiner : Karen Wood ACMA CGMA Chartered Management Accountant Outsource Accounting Services and Independent Examinations 2 Galligap Lane Osbaldwick York Y010 3NR 07759700068
Bankers:
HSBC 88 Town Street Horsforth Leeds LS18 4AR
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Roundabout Pre-School Ltd
Trustees’ Report for the Year Ended 31 August 2024
The Trustees, who are also Directors for the purposes of company law, are pleased to present their annual report together with the financial statements of the charity for the year ending 31 August 2024.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and the Republic of Ireland (FRS102) (effective 1 January 2019).
Reference and Administrative Details
The Charity Information page forms part of this report.
Structure, Governance and Management
The company was incorporated on 16 September 2011 under the Companies Act 2006. The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
On 29 December 2011 the activities of the unincorporated charity ‘Roundabout Playgroup’ charity No: 1005984 ceased and the net assets and activities of that charity were transferred to ‘Roundabout Playgroup’. In February 2014 the name of the Charity was changed to Roundabout Pre-School Ltd.
The charitable company Roundabout Pre-School Ltd caters for children under statutory school age from two and a half to five years old and is run in accordance with the model Pre-School Learning Alliance constitution. As an OFSTED registered preschool, it aims to provide quality and affordable learning through play in a caring, friendly and safe environment. Six paid staff are employed to provide daily morning sessions, as well as three afternoon sessions, at the pre-school. The costs of running the pre-school are met by income from fees, grant funding and fundraising by the charitable company.
The Trustees and the management committee meet regularly to oversee the running of the charity and have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Trustees are elected each year, usually at the AGM. All Trustees give their time voluntarily and receive no remuneration or other benefits.
The Trustees consider the Nursery Manager (Adele Laycock), and the Office Manager (Maren Swift) to be the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis.
The pay of the charity’s key personnel are reviewed annually and normally increased in accordance with average earnings. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.
Objectives and Activities
The aims of the Pre School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
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(a) Offering a welcoming and stimulating, developmentally appropriate environment for our children and families regardless of race, culture, religion or ability.
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(b) To keep up to date with the Early Years Foundation Stage (EYFS), offering child initiated activities (using children’s interests as the vehicle for our planning).
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Roundabout Pre-School Ltd
Trustees’ Report for the Year Ended 31 August 2024 (Continued)
Financial Review
The Pre-school's income for the year was £115,261 (2023: £105,121) and expenditure £109,357 (2023: £90,897) resulting in a surplus of £5,904 (2023: £14,224).
Our total funds as at 31st August 2024 stood at £96,835 (2023: £90,931).
Reserves Policy
The management committee have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be approximately 6 months of expenditure, which amounts to £48,000.
The current level of free reserves is £96,553 (2023: £90,554) which is well above the target level outlined above. The Trustees consider it prudent to set aside additional reserves. The Trustees will review the reserves policy annually.
Achievements and Performance
AGM Leavers
Fundraising
Our general approach is to raise funds ourselves and not to use third parties. We use techniques that are ethical, legal, do not inconvenience the public, and are not detrimental to our good name or standing in the local community. We do not use general solicitation techniques by telephone or door-to-door, and all fundraising activities undertaken follow the Fundraising Regulators Code of Fundraising Practice. We have received no complaints about fundraising during the year .
Since my takeover as chair in January 2024 the numbers have continued to be met by staffing and space levels. We have been met with challenges in regards to working with the school, particularly the Kids Club with which we share the portacabin. We are met with timing issues and therefore short on time preparing for our children at the beginning and end of the session. We have also been limited with what can be stored in the portacabin and have to use a shed outside for storage. Rent increases have been implemented with further increases to follow over the next 12 months. The committee are looking for alternative premises as it is not viable to continue at the current location. We had a 'Good' Ofsted inspection which we are all really proud of. The staff work very hard to achieve this level. Staffing - In the summer we had a member of staff leaving and we currently have one on long-term sick absence. We have recently welcomed 4 new committee members who show lots of enthusiasm and we look forward to their input. Leavers - The school transition days were a great success and all the children who are left have settled well into their new schools. Fundraising - We raise funds ourselves therefore we are not inconveniencing the public in any way. The fundraising events this year were: Build a Brick which involved the children and staff, and various raffles throughout the year which were all a great success. A few of these events involved parents and carers coming into Roundabout to celebrate with the children.
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Roundabout Pre-School Ltd
Trustees’ Report for the Year Ended 31 August 2024 (Continued)
Marketing
This is still an area that needs attention; a staff member has been given the responsibility of social media marketing, however our “visibility” could possibly be improved with the help of a Committee member or parent who is knowledgeable in this area. Horsforth Gala would have been an opportunity to raise our profile in the Community, but as stated previously, this event was cancelled due to the Covid19 pandemic.
Staff changes
Principal Funding Sources
The principal funding source is the income received from fees and the grant from Leeds City Council for Nursery Education Funding.
Plans for the future
Our financial position and budget show that Roundabout should make a small surplus overall when looking at income versus expenditure, this coupled with strong balances in both the Business and Savings accounts means we can continue to develop the Pre-School and its staff.
Trustees and their statutory responsibilities
The Trustees responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing those financial statements, the Trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business for the foreseeable future.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.
Small Company Rules
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The financial statements were approved by the Board of Trustees on …………………….. and approved on their behalf by:
Elizabeth Cartlidge Chair of Trustees
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Roundabout Pre-School Ltd
Independent Examiner’s Report to the Trustees of Roundabout Pre-School Ltd
I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.
Independent Examiner’s Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karen Wood ACMA CGMA Outsource Accounting Services and Independent Examinations 2 Galligap Lane Osbaldwick York Y010 3NR
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Roundabout Pre-School Ltd
Statement of Financial Activities for the Year Ended 31 August 2024 (Incorporating the Income and Expenditure Account)
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Income from: | |||
| Donations | 2 | - | 138 |
| Charitable activities | 3 | 112,532 | 103,451 |
| Investment income | 1,700 | 836 | |
| Other income | 1,029 | 696 | |
| Total income | 115,261 | 105,121 | |
| Expenditure on: | |||
| Charitable activities | 4 | 109,357 | 90,897 |
| Total expenditure | 109,357 | 90,897 | |
| Net income /(expenditure) and net | |||
| movement in funds | 5,904 | 14,224 | |
| Total funds at 31 August 2023 | 11, 12 | 90,931 | 76,707 |
| Total funds at 31 August 2024 | 11, 12 | 96,835 | 90,931 |
All funds in this and the prior year were unrestricted and relate to continuing operations.
There were no recognised gains and losses for 2024 or 2023 other than those included in the income and expenditure account.
The notes on pages 8 to 14 form part of these financial statements.
The Statements of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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Roundabout Pre-School Ltd
Balance Sheet as at 31 August 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible assets | 8 | 282 | 377 | ||
| Current Assets | |||||
| Debtors | 9 | - | 750 | ||
| Cash at bank and in hand | 99,332 | 91,390 | |||
| 99,332 | 92,140 | ||||
| Creditors | |||||
| Amounts FallingDue Within One Year | 10 | (2,779) | (1,586) | ||
| Net Current Assets | 96,553 | 90,554 | |||
| Total Assets Less Current Liabilities | 96,835 | 90,931 | |||
| Funds | |||||
| Unrestricted funds | 11, 12 | 96,835 | 90,931 | ||
| Total Funds | 96,835 | 90,931 |
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The Trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year end of its income and expenditure for the 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 accounts, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The Financial Statements were approved by the Trustees on ……………… and signed on their behalf by:
Elizabeth Cartlidge Chair of Trustees
Company number: 07776843 Charity number: 1144315
The notes on pages 8 to 14 form part of these financial statements.
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024
1. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Company information
Roundabout Pre-School Ltd is a company limited by guarantee, the liability of the Trustees is limited to £1, and a charity registered in England and Wales. The registered office is The Portacabin, Horsforth Newlaithes Primary School, Victoria Crescent, Horsforth, Leeds, LS18 5EW.
Accounting convention
The financial statements have been prepared on a going concern basis in accordance with 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 (FRS102) (effective 1 January 2019) (“Charities SORP (FRS102)”), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.
The financial statements are presented in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets.
Going concern
The Trustees have prepared financial projections, taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future and have adequate contingency plans if income streams are reduced. Consequently, the financial statements have been prepared on the basis that the charity is a going concern.
Charitable funds
General unrestricted funds - are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities (“SoFA”) when receivable.
Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Investment income is included when receivable and the amount can be measured reliably by the charity.
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
1. Accounting Policies (continued)
Expenditure and irrecoverable VAT
Expenditure, which includes attributable VAT which cannot be recovered, is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.
Governance costs, included in support costs, include those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements and are allocated to charitable activities.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in Note 4.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Operating leases
Rentals applicable to operating leases are charged to the SoFA on a straight line basis over the term of the lease.
Staff costs
The costs of short term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.
Pension costs
The charity contributes to individual employees’ defined contribution schemes. The cost of the contributions is charged to the income and expenditure account in the period to which they relate.
Taxation
Roundabout Pre-School Ltd is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.
Tangible fixed assets and depreciation
Tangible fixed assets costing more than £500 are capitalised and stated at cost less accumulated depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives on the following bases:
Nursery equipment 25% reducing balance Computer and office equipment 25% reducing balance
Assets are reviewed annually for impairment. Where there is an impairment, the difference between the assessed recoverable value of the asset and its written down cost is charged to the Statement of Financial Activities.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital.
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
1. Accounting Policies (continued)
Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
1. Accounting Policies (continued)
Critical Accounting Estimates and Judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
After review the Trustees consider that there are no critical estimates and judgements which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements.
2. Donations
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Gift Aid reclaimed | - | 138 |
| - | 138 |
3. Income Frome Charitable Activities
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Leeds City Council – Nursery Education funding | 88,907 | 62,672 |
| Nursery Fees | 23,625 | 33,842 |
| Leeds City Council-Early Years Funding for Inclusion | - | 6,937 |
| 112,532 | 103,451 |
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
4. Charitable Activities
The charity has one charitable activity which is the provision of Nursery Education
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Costs directly attributable to charitable activity: | ||
| Wages and pension costs | 84,890 | 74,949 |
| Rent | 8,292 | 7,438 |
| Milk and refreshments | 386 | 255 |
| Play equipment, materials, supplies | 7,396 | 3,283 |
| Additional activities | 624 | 57 |
| Cleaning, renewals & maintenance | 959 | 122 |
| Staff training | 1,543 | 510 |
| Insurance and subscriptions | 951 | 1,089 |
| Administrative costs | 2,973 | 1,864 |
| Payroll costs | 498 | 454 |
| Independent examination | 750 | 750 |
| Depreciation | 95 | 126 |
| 109,357 | 90,897 |
| 5. Net Income for the Year |
||
|---|---|---|
| This is stated after charging | 2024 | 2023 |
| £ | £ | |
| Independent examiner’s fee | 750 | 750 |
6. Employee Information
The average number of employees was 7 (2023:8).
| Staff costs during the period as follows: | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Wages and salaries | 80,035 | 72,717 |
| PensionCosts | 4,855 | 2,232 |
| 84,890 | 74,949 |
During the year the charity made contributions to a defined contribution pension scheme with The Peoples’ Pension for the benefit of its employees. Pension contributions of £nil were unpaid at 31 August 2024 (2023: £nil).
No employee received emoluments of more than £60,000 in the current or prior year.
The charity considers its key management personnel to be the Pre-school leaders listed on page 2. The total remuneration paid to its key management personnel in the year including employer pension contributions was £29,412 (2023: £27,710).
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
7. Trustee Information
No Trustee received remuneration or any other benefits for their services during current or prior year.
No Trustees received any reimbursed expenses during current or prior year.
8. Tangible Fixed Assets
| Nursery | Computer and | Total | ||
|---|---|---|---|---|
| Equipment | Office | |||
| Equipment | ||||
| £ | £ | £ | ||
| Cost: | ||||
| At1September 2023 | 2,765 | 2,218 | 4,983 | |
| At 31 | August 2024 | 2,765 | 2,218 | 4,983 |
| Depreciation: | ||||
| At 1 September 2023 | 2,611 | 1,995 | 4,606 | |
| Chargeforthe year | 39 | 56 | 95 | |
| At 31 | August 2024 | 2,650 | 2,051 | 4,701 |
| Net Book Value | ||||
| At 31 | August2024 | 115 | 167 | 282 |
| At 31 | August 2023 | 154 | 223 | 377 |
| 9. | Debtors | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees owed | - | 98 | ||
| Other | debtors and prepayments | - | 652 | |
| - | 750 | |||
| 10. | Creditors – Amounts Falling Due Within One Year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Tax and social security | 1,829 | 636 | ||
| Other | creditors and accruals | 950 | 950 | |
| 2,779 | 1,586 |
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Roundabout Pre-School Ltd
Notes to the Financial Statements for the Year Ended 31 August 2024 (Continued)
11. Analysis of Charitable Funds
| Balance at | Income | Expenditure | Balance at | |
|---|---|---|---|---|
| Year ended 31 August 2024 | 1 September | 31 August | ||
| 2023 | 2024 | |||
| £ | £ | £ | £ | |
| Unrestricted funds | 90,931 | 115,261 | (109,357) | 96,835 |
| Total funds | **90,931 ** | **115,261 ** | (109,357) | 96,835 |
| Balance at | Income | Expenditure | Balance at | |
| Year ended 31 August 2023 | 1 September | 31 August | ||
| 2022 | 2023 | |||
| £ | £ | £ | £ | |
| Unrestricted funds | 76,707 | 105,121 | (90,897) | 90,931 |
| Total funds | **76,707 ** | 105,121 | (90,897) | **90,931 ** |
12. Analysis of Net Assets by Fund
| Year ended 31 August 2024 | Tangible | Net current | Total |
|---|---|---|---|
| fixed assets | assets | ||
| £ | £ | £ | |
| Unrestricted funds | 282 | 96,553 | 96,835 |
| Year ended 31 August 2023 | Tangible | Net current | Total |
| fixed assets | assets | ||
| £ | £ | £ | |
| Unrestricted funds | 377 | 90,554 | 90,931 |
13. Related party transactions
There were no disclosable related party transactions during either this or the previous year.
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