REGISTERED COMPANY NUMBER: 08142919 (England and Wales) REGISTERED CHARITY NUMBER: 1148925
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Chatterbox Community Pre-School Limited
Jerram Surlis Limited
4 Latimer Street Romsey Hampshire SO51 8DG
Chatterbox Community Pre-School Limited
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | to | 4 |
| Cash Flow Statement | 5 | ||
| Notes to the Cash Flow Statement | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Chatterbox Community Pre-School Limited
Report of the Trustees
for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08142919 (England and Wales)
Registered Charity number
1148925
Registered office Chatterbox Community Pre-School Halterworth Lane Romsey Hampshire SO51 9AD
Trustees
B H Griffiths R E Pitman H J Coughlin J J Kent M Olatoye (appointed 3.7.22) J Consterdine (appointed 1.7.22)
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Trustee
Page 1
Chatterbox Community Pre-School Limited
Statement of Financial Activities for the Year Ended 31 March 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 145,720 Charitable activities Pre-school activities 18,659 Other trading activities 2 4,613 Investment income 3 174 Total 169,166 EXPENDITURE ON Charitable activities Pre-school activities 160,976 Other 1,448 Total 162,424 NET INCOME 6,742 RECONCILIATION OF FUNDS Total funds brought forward 83,362 TOTAL FUNDS CARRIED FORWARD 90,104 |
2022 Total funds £ 134,090 25,708 3,291 52 163,141 146,582 940 147,522 15,619 67,743 83,362 |
|---|---|
The notes form part of these financial statements
Page 2
Chatterbox Community Pre-School Limited
Balance Sheet
31 March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 1,809 CURRENT ASSETS Debtors 9 774 Cash at bank 91,100 91,874 CREDITORS Amounts falling due within one year 10 (3,579) NET CURRENT ASSETS 88,295 TOTAL ASSETS LESS CURRENT LIABILITIES 90,104 NET ASSETS 90,104 FUNDS 11 Unrestricted funds 90,104 TOTAL FUNDS 90,104 |
2022 Total funds £ 2,318 774 83,803 84,577 (3,533) 81,044 83,362 83,362 83,362 83,362 |
|---|---|
The charitable 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 trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.
The notes form part of these financial statements
continued...
Page 3
Chatterbox Community Pre-School Limited
Balance Sheet - continued 31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
Chatterbox Community Pre-School Limited
Cash Flow Statement
for the Year Ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 £ 7,123 7,123 - 174 174 7,297 83,803 91,100 |
2022 £ 17,404 17,404 (600) 52 (548) 16,856 66,947 83,803 |
|---|---|---|
The notes form part of these financial statements
Page 5
Chatterbox Community Pre-School Limited
Notes to the Cash Flow Statement for the Year Ended 31 March 2023
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in creditors Net cash provided by operations |
2023 £ 6,742 509 (174) 46 7,123 |
2022 £ 15,619 509 (52) 1,328 17,404 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.22 Cash flow At £ £ Net cash Cash at bank 83,803 7,297 83,803 7,297 Total 83,803 7,297 |
31.3.23 £ 91,100 91,100 91,100 |
|---|---|
The notes form part of these financial statements
Page 6
Chatterbox Community Pre-School Limited
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Chatterbox Community Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Fundraising events | 1,210 | 1,740 | |
| Other Income | 3,403 | 1,551 | |
| 4,613 | 3,291 | ||
| 3. | INVESTMENT INCOME | ||
| Deposit account interest | 2023 £ 174 |
2022 £ 52 |
|
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| Depreciation - owned assets | 2023 £ 509 |
2022 £ 509 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Management Childcare |
2023 2 8 10 |
2022 2 8 10 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 8
Chatterbox Community Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 134,090 | |
| Charitable activities | ||
| Pre-school activities | 25,708 | |
| Other trading activities | 3,291 | |
| Investment income | 52 | |
| Total | 163,141 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Pre-school activities | 146,582 | |
| Other | 940 | |
| Total | 147,522 | |
| NET INCOME | 15,619 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 67,743 | |
| TOTAL FUNDS CARRIED FORWARD | 83,362 | |
continued...
Page 9
Chatterbox Community Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Equipment | |||
| £ | |||
| COST | |||
| At 1 April 2022 and 31 March 2023 | 5,180 | ||
| DEPRECIATION | |||
| At 1 April 2022 | 2,862 | ||
| Charge for year | 509 | ||
| At 31 March 2023 | 3,371 | ||
| NET BOOK VALUE | |||
| At 31 March 2023 | 1,809 | ||
| At 31 March 2022 | 2,318 | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Other debtors | 2023 £ 774 |
2022 £ 774 |
|
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Social security and other taxes | 2023 £ 2,949 |
2022 £ 2,903 |
|
| Accrued expenses | 630 | 630 | |
| 3,579 | 3,533 | ||
| 11. | MOVEMENT IN FUNDS | ||
| Unrestricted funds | Net movement At 1.4.22 in funds £ £ |
At 31.3.23 £ |
|
| General fund | 83,362 6,742 |
90,104 | |
| TOTAL FUNDS | 83,362 6,742 |
90,104 | |
continued...
Page 10
Chatterbox Community Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 169,166 |
(162,424) | 6,742 |
| TOTAL FUNDS 169,166 |
(162,424) | 6,742 |
| Comparatives for movement in funds | ||
| At 1.4.21 £ Unrestricted funds |
Net movement in funds £ |
At 31.3.22 £ |
| General fund 67,743 |
15,619 | 83,362 |
| TOTAL FUNDS 67,743 |
15,619 | 83,362 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming resources £ Unrestricted funds |
Resources expended £ |
Movement in funds £ |
| General fund 163,141 |
(147,522) | 15,619 |
| TOTAL FUNDS 163,141 |
(147,522) | 15,619 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| At 1.4.21 £ Unrestricted funds |
Net movement in funds £ |
At 31.3.23 £ |
| General fund 67,743 |
22,361 | 90,104 |
| TOTAL FUNDS 67,743 |
22,361 | 90,104 |
continued...
Page 11
Chatterbox Community Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 332,307 332,307 |
Resources Movement expended in funds £ £ (309,946) 22,361 (309,946) 22,361 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 12
Chatterbox Community Pre-School Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| INCOME AND ENDOWMENTS Donations and legacies Grants received Other trading activities Fundraising events Other Income Investment income Deposit account interest Charitable activities Fees Total incoming resources EXPENDITURE Support costs Other Wages Social security Pensions Rent & rates Insurance Light and heat Telephone Postage and stationery Toys & equipment Catering Materials Cleaning Administration costs Repairs & renewals Security Subscriptions & sundry fees Accountancy Computer services & software Carried forward |
2023 £ 145,720 1,210 3,403 4,613 174 18,659 169,166 117,885 - 4,090 9,659 2,986 3,606 845 295 5,206 - 59 6,105 15 5,204 939 233 630 557 158,314 |
2022 £ 134,090 1,740 1,551 3,291 52 25,708 163,141 102,001 4,651 3,748 9,487 2,979 1,361 791 224 5,783 554 584 3,461 66 4,186 940 916 630 539 142,901 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Chatterbox Community Pre-School Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Other Brought forward Bank charges Sundry costs Staff training Depreciation of tangible fixed assets Total resources expended Net income |
2023 £ 158,314 245 2,264 1,092 509 162,424 162,424 6,742 |
2022 £ 142,901 272 3,679 161 509 147,522 147,522 15,619 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14