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2025-03-31-accounts

POPPLETON ROAD OUT OF SCHOOL CLUB

(CIO number 1157546)

ANNUAL REPORT AND ACCOUNTS

for the year ended

31 March 2025

UNAUDITED

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

POPPLETON ROAD OUT OF SCHOOL CLUB ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS page
Trustees' Annual Report 1 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 - 15

POPPLETON ROAD OUT OF SCHOOL CLUB

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees have pleasure in presenting their Report and the Accounts for the year ended 31 March 2025.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity is a Charitable Incorporated Organisation.

REFERENCE AND ADMINISTRATIVE INFORMATION

The Charity's registered name is Poppleton Road Out of School Club, registration number 1157546, with a working name of Poppy Road Kids Club.

The principal address of the charity is:

The Annex ℅ Poppleton Road Primary School Poppleton Road YORK YO26 4UP

The names of the charity trustees who manage the charity are:

Chair Kathryn McKellar Joanne Alderson David Alderson Catherine Smithey Ruth Butterworth

The manager of the setting who is registered with Ofsted is Kathryn Love.

1

POPPLETON ROAD OUT OF SCHOOL CLUB

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE INFORMATION (continued)

The advisers to the charity are:

Independent Examiner: Sarah Wearing FCA, DChA HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

Payroll Bureau: HPH Chartered Accountants 54 Bootham YORK YO30 7XZ Bankers: CO-OP Bank plc 15-17 Feasegate YORK YO1 2SH

An updated Out of School Club Support Service Agreement was signed on 13[th] April 2023 which clarifies the relationship between the Club and York Childcare Ltd to ensure the continued success of the partnership.

STRUCTURE GOVERNANCE AND MANAGEMENT

The governing document is a constitution dated March 2017 and Poppleton Road Out of School Club is a Charitable Incorporated Organisation.

The Trustees are appointed by nomination.

The Trustees have considered the major risks for the Charity and are satisfied that there are systems and procedures in place to manage them.

The accounting records are maintained on accounting software including the use of fee and purchase ledgers.

ACTIVITIES AND OBJECTIVES

The objects of the Club are to provide the necessary facilities for the daily care, recreation and education of children during out of school hours, and to advance the education and training of the persons in the provision of such care, education and recreational facilities.

The Club provides childcare provision before and after school for families who attend Poppleton Road Primary School. The Holiday Club provides childcare for families across the City of York. The school itself does not provide such care and the Club provides this public benefit. The Club operates a breakfast Club and an after-school Club Monday to Friday term time. The Club provides holiday care Monday to Friday each school holiday excluding Bank holidays and open for Teacher Training Days to provide childcare.

2

POPPLETON ROAD OUT OF SCHOOL CLUB

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

ACTIVITIES AND OBJECTIVES (continued)

Children are still accommodated in three different areas, the Club annex building and 2 allocated areas in school. This helps with any weekly overflow so a waiting list for families does not accumulate. These are used for breakfast and after school in peer groups, sharing all outdoor play areas. The annex building is used for holiday club as numbers are lower during the holiday periods.

ACHIEVEMENTS AND PERFORMANCE

The Club’s last Ofsted inspection was in December 2024 and the outcome was 'Met’. Due to the current inspection cycle of Ofsted the Club is expected to be inspected during 2030.

Due to its continuing success, the club now has a full time Operations Manager and a part time Manager. These two roles are experienced childcare practitioners. The club is almost fully staffed, there is a 25-hour vacant position which is advertised.

The new staff benefits still help recruit new staff members who have children in the school.

Both the managers and Trustees continue to work cooperatively with the school to ensure that the space and facilities available to the Club at the school are appropriate and secure.

The Club continues to work on the recruitment of new Trustees by approaching parents and advertising through school and advertising on boards in local charities such as Mumbler and CVS.

The Club is supported by York Childcare Out of School Club Support Service Ltd and works closely with their Specialists Service Manager.

The Club is at full capacity every night. There are no waiting lists for any night for any sessions. The holiday club has been busy throughout the year. The staff work hard on holiday programs to provide safe, fun, and stimulating activities. This includes day trips out and paying for professionals to come to the Club such as sports and dance companies. In the club’s yearly budget there is money to support vulnerable children and families who attend the school to access breakfast after school club and holiday club. The Club remains one of the most affordable childcare provisions across the city of York.

The Charity continued to review and revise its risk assessment and working practices when needed with support from the Specialists Service Manager.

FINANCIAL REVIEW

Income increased to £221,985 (2024 - £219,070), fees from childcare provision amounted to £220,319 (2024 - £215,042). The associated expenditure was £228,755 (2024 - £193,411), principally in payroll, management and premises costs. This also includes £12,243 for the new kitchen and £21,450 for installation of a new heating system. These costs were paid from retained reserves held in the savings account of the club.

3

POPPLETON ROAD OUT OF SCHOOL CLUB

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF THE CHARITY'S POLICY ON RESERVES

The Charity will hold sufficient funds that, in the event the Club would need to be wound up, all debts could be met and staff could receive appropriate compensation for loss of employment. The current estimate to meet this is £40,000.

The unrestricted reserves on 31 March 2025 were £240,306 (2024 - £247,076). During the year £68,000 was designated for the installation of a new outdoor play area.

The remaining unrestricted and undesignated funds of £172,306 is higher than the minimum reserves policy of £40,000.

PLANS FOR FUTURE PERIODS

The Club has paid for a completely new kitchen and is looking into improving and installing a new outdoor play area and equipment. This is being done via York Playscheme at a cost of £68,0000. The Club is now taking 3 year-olds at breakfast and after school club who attend the school’s new nursery.

Trustees aim to continue:

4

POPPLETON ROAD OUT OF SCHOOL CLUB

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The purpose of this statement is to distinguish the Trustees' responsibilities for the accounts from those of the Independent Examiner as stated in his report.

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the Charity's state of affairs at the end of the year and of its financial activities for that year. In preparing those accounts the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with 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 or other irregularities.

DECLARATION

The Trustees declared that they have approved of the Trustees' Annual Report above.

Approved by the Trustees on 28 January 2026 and signed on behalf of the Charity's trustees by:

Kathryn McKellar Chair

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF POPPLETON ROAD OUT OF SCHOOL CLUB

I report to the Trustees on my examination of the accounts of the Poppleton Road Out Of School Club (the Charity) for the year ended 31 March 2025.

This report is made solely to the Charity's Trustees, as a body, in accordance with Section 154 of the Charities Act 2011. My independent examination 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 independent examination work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’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 confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form 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 drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Wearing FCA, DChA HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ

28 January 2026

6

POPPLETON ROAD OUT OF SCHOOL CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income and endowments from:
Grants received
2
Investments
Total Income
Expenditure on:
Raising funds
Charitable activities
Total Expenditure
4
Net (expenditure)/income
3
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Charitable activities
Unrestricted
Funds
£
-
220,319
1,666
Restricted
Funds
£
-
-
-
Year
Year
ended 31
ended 31
March 2025
March 2024
£
£
-
2,852
220,319
215,042
1,666
1,176
221,985
219,070
-
384
228,755
193,027
228,755
193,411
(6,770)
25,659
(6,770)
25,659
247,076
221,417
240,306
£
247,076
£
221,985 -
-
228,755
-
-
228,755 -
(6,770) -
(6,770) -
247,076 -
240,306
£
-
£

The notes on pages 9 to 15 form part of these accounts.

7

POPPLETON ROAD OUT OF SCHOOL CLUB BALANCE SHEET AS AT 31 MARCH 2025 CIO number 1157546

Note 2025 2024
£ £ £ £
Fixed assets:
Tangible assets 6 4,299 5,349
Total Fixed Assets 4,299 5,349
Current assets:
Debtors 7 31,370 24,234
Cash at bank and in hand 212,316 229,118
Total Current Assets 243,686 253,352
Liabilities:
Creditors: amounts falling due
within one year 8 (7,679) (11,625)
Net current assets 236,007 241,727
Total assets less current liabilities 240,306 247,076
Total Net Assets £ 240,306
£ 247,076
The funds of the charity:
Unrestricted funds 9
Undesignated 172,306 247,076
Designated 68,000 -
Restricted funds 11 - -
Total Charity Funds £ 240,306
£ 247,076

Approved by the Board on 28 January 2026 and signed on its behalf by:

Kathryn McKellar - Trustee

The notes on pages 9 to 15 form part of these accounts.

8

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

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:

a) Basis of Preparation

The accounts have been prepared 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 (FRS 102) (effective 1 January 2019), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Poppleton Road Out Of School Club meets the definition of a public benefit entity under the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The Charity is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission. The address of the principal office is: The Annexe, Poppleton Road Primary School, Poppleton Road, YORK, YO26 4UP.

b) Preparation of the accounts on a going concern basis

The Charity has cash resources and has no requirement for external funding. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the annual financial statements.

c) Tangible fixed assets

All assets costing more than £500 are capitalised at cost.

Depreciation is provided on all tangible fixed assets in use at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Assets under construction - not depreciated until assets are brought into use.

Fixtures and fittings - 5 years straight line.

Office equipment - 3 years straight line.

d) Income

Charges for childcare services are accounted for in the year in which the service is provided. Funding grants are accounted for as receivable in the period they are awarded. Gifts and donations are accounted for when received.

Investment income is accounted for in the year on a receivable basis.

9

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

e) Expenditure and irrecoverable VAT

Expenditure 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. Expenditure is classified under the following activity headings:

Expenditure on charitable activities relates to activities undertaken to further the purposes of the Charity and includes their associated support costs.

Governance costs include those costs associated with meeting the constitutional requirements of the Charity and include the independent examiner’s fees and costs linked to the strategic management of the Charity.

All expenditure is accounted for on an accruals basis and includes the irrecoverable element of Value Added Tax.

f) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

g) 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 of three months or less from the date of acquisition or opening of the deposit or similar account.

h) Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

i) Fund accounting

Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Designations of unrestricted funds are made at the Trustees’ discretion in order to make allocations for anticipated future expenditure.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for a particular purpose.

Restricted funds are funds which are subject to specific trusts, either declared by the donor when making the donation or grant conditions, or accepted by the donor in responding to a specific appeal.

j) Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

10

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

2. INCOME FROM CHARITABLE ACTIVITIES

Fee income
All fee income relates to unrestricted funds.
3.
NET INCOME FOR THE YEAR
The surplus for the year is stated after charging:
Independent Examiner's remuneration
Other fees paid to Examiner
4.
TOTAL EXPENDITURE
Staff
Support
Costs
Costs
Charitable activities
£
Cost of childcare provision
134,828
63,278
Governance costs
-
30,649
134,828
£
93,927
£
Fee income
All fee income relates to unrestricted funds.
3.
NET INCOME FOR THE YEAR
The surplus for the year is stated after charging:
Independent Examiner's remuneration
Other fees paid to Examiner
4.
TOTAL EXPENDITURE
Staff
Support
Costs
Costs
Charitable activities
£
Cost of childcare provision
134,828
63,278
Governance costs
-
30,649
134,828
£
93,927
£
Fee income
All fee income relates to unrestricted funds.
3.
NET INCOME FOR THE YEAR
The surplus for the year is stated after charging:
Independent Examiner's remuneration
Other fees paid to Examiner
4.
TOTAL EXPENDITURE
Staff
Support
Costs
Costs
Charitable activities
£
Cost of childcare provision
134,828
63,278
Governance costs
-
30,649
134,828
£
93,927
£
Year
ended 31
March 2025
£
220,319
Year
ended 31
March 2024
£
215,042
220,319
£
215,042
£
Year
ended 31
March 2025
£
950
3,276
Year
ended 31
March 2024
£
877
1,157
Year
ended 31
March 2025
£
198,106
30,649
Year
ended 31
March 2024
£
165,776
27,635
134,828
£
93,927
£
228,755
£
193,411
£

In 2025 £nil related to restricted funds (2024 - £4,506)

5. STAFF COSTS AND TRUSTEES' REMUNERATION

Year Year
ended 31 ended 31
March 2025 March 2024
£ £
Gross salaries and wages 132,210 118,294
Employer's pension contributions 2,618 1,849
£ 134,828
£ 120,143

The average number of employees in the year was 10 (2024 - 9), all involved with the provision of childcare. There were no employees with emoluments above £60,000 in the year.

The key management personnel of the Charity comprises the Trustees. No remuneration, benefits or expenses were received by any of the Trustees in respect of their services to the Charity for their role as trustee. The total employee renumeration and benefits of the key management personnel were £nil (2024 - £nil).

11

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

6. FIXED ASSETS

Office Fixtures &
equipment fittings Total
£ £ £
Cost:
At 1 April 2024 539 7,967 8,506
Additions - 686 686
At 31 March 2025 539 8,653 9,192
Depreciation:
At 1 April 2024 534 2,623 3,157
Charge for the period 5 1,731 1,736
At 31 March 2025 539 4,354 4,893
Net book values
At 31 March 2025 £ -
£ 4,299
£ 4,299
At 31 March 2024 £ 5
£ 5,344
£ 5,349
All fixed assets relate to unrestricted funds.
DEBTORS
Total Total
2025 2024
£ £
Trade debtors 29,424 22,701
Prepayments and accrued income 1,946 1,533
£ 31,370
£ 24,234
All debtors relate to unrestricted funds.
CREDITORS: amounts falling due within one year
Total Total
2025 2024
£ £
Trade creditors 3,252 7,306
Other taxes and social security costs 1,281 901
Other creditors 484 355
Accruals and deferred income 2,662 3,063
£ 7,679
£ 11,625

7. DEBTORS

8. CREDITORS: amounts falling due within one year

All creditors falling due within one year relate to unrestricted funds.

12

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

9. ACCUMULATED FUNDS

Unrestricted funds
Undesignated funds
Designated funds
Restricted funds
Unrestricted funds
Undesignated funds
Designated funds
Restricted funds
Balance b/f
01/04/2024
£
247,076
-
-
Incoming
Resources
£
221,985
-
-
Resources
Expended
£
(228,755)
-
-
Transfers
£
(68,000)
68,000
-
Balance c/f
31/03/2025
£
172,306
68,000
-
247,076
£
221,985
£
£ (228,755) -
£
240,306
£
Balance b/f
01/04/2023
£
219,763
-
1,654
Incoming
Resources
£
216,218
-
2,852
Resources
Expended
£
(188,905)
-
(4,506)
Transfers
£
-
-
-
Balance c/f
31/03/2024
£
247,076
-
-
221,417
£
219,070
£
£ (193,411) -
£
247,076
£

Purposes of the Unrestricted designated fund

Installation of a new outdoor play area and equipment. This is being done via York Playscheme in the year ended 31 March 2026.

10. ANALYSIS OF THE CHARITY'S NET ASSETS BY FUND

Fixed Net current Total
2025 assets assets 2025
£ £ £
Unrestricted funds
Undesignated funds 4,299 168,007 172,306
Designated funds - 68,000 68,000
Restricted funds - - -
£ 4,299
£ 236,007
£ 240,306
Fixed Net current Total
2024 assets assets 2024
£ £ £
Unrestricted funds
Undesignated funds 5,349 241,727 247,076
Designated funds - - -
Restricted funds - - -
£ 5,349
£ 241,727
£ 247,076

13

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

11. SUMMARY OF RESTRICTED FUNDS

No restricted funds in 2025.

Balance b/f
01/04/2023
£
1,175
4
-
-
475
Incoming
Resources
£
-
-
1,740
1,112
-
Resources
Expended
£
(1,175)
(4)
(1,740)
(1,112)
(475)
Transfers
£
-
-
-
-
-
Balance c/f
31/03/2024
£
-
-
-
-
-
-
£
-
£

City of York Council - grant towards funding summer activities and play equipment. Persimmons - grant towards outdoor equipment.

Holiday Activity Food Programme - grant to provide food and activities to children on pupil premiums. Ward Grant - grant to support places and activities for vulnerable children who did not have HAF funding. 2 Ridings Lord Mayors - grant for assisted Holiday Club places.

12. OPERATING LEASE COMMITMENTS

The total future value of minimum lease payments is

The total future value of minimum lease payments is
Within one year
Within two to five years
2025
£
4,713
2,041
2024
£
4,284
6,753
£ 6,754 £ 11,037

The amount of non-cancellable operating lease payments recognised as an expense during the period was £4,315 (2024 - £3,680).

13. TRANSACTIONS WITH RELATED PARTIES

A management contract exists between the Charity and York Childcare Out of School Support Service Ltd. Management charges of £26,423 (2024 - £25,601) were paid to York Childcare Out of School Support Service Ltd for services provided to the Charity. At the year end the Charity owed York Childcare Out of School Support Service Ltd £2,267 (2024 - £6,895).

There were no other related party transactions.

14. TAX STATUS

As a registered charity (number 1157546), Poppleton Road Out Of School Club is exempt from the payment of income and corporation tax on its income falling within sections 466 to 493 of the Corporation Tax Act 2010.

14

POPPLETON ROAD OUT OF SCHOOL CLUB NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025

15. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Year
Unrestricted Restricted ended 31
Funds Funds March 2024
£ £ £
Income and endowments from:
Grants received - 2,852 2,852
Charitable activities 215,042 - 215,042
Other trading activities - - -
Investments 1,176 - 1,176
Other - - -
Total Income 216,218 2,852 219,070
Expenditure on:
Raising funds 384 - 384
Charitable activities 188,521 4,506 193,027
Total Expenditure 188,905 4,506 193,411
Net income/(expenditure) 27,313 (1,654) 25,659
Net movement in funds 27,313 (1,654) 25,659
Reconciliation of funds:
Total funds brought forward 219,763 1,654 221,417
Total funds carried forward £ 247,076
£ -
£ 247,076

15