COMPANY REGISTRATION NUMBER: CE006638
CHARITY REGISTRATION NUMBER: 1166993/SC049459
Pyjama Fairies Company Limited by Guarantee Unaudited Financial Statements
31 March 2023
FRANCIS GRAY CHARTERED ACCOUNTANTS
Chartered accountants Ty Madog 32 Queens Road Aberystwyth Ceredigion SY23 2HN
Pyjama Fairies
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Chartered accountant's report to the board of trustees on the | |
| preparation of the unaudited statutory financial statements | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 |
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Pyjama Fairies Charity registration number 1166993/SC049459 Company registration number CE006638 Principal office and registered PO BOX 267 office Manchester M41 4DU
The trustees
Miss A Chadwick Miss K Whitton Miss V L Thompson Accountants Francis Gray Chartered Accountants Chartered accountants Ty Madog 32 Queens Road Aberystwyth Ceredigion SY23 2HN
Structure, governance and management
Pyjama Fairies was formed as a charity on 4 May 2015 by way of a signed Constitution and registered with the Charity Commission on the 9 May 2016. The charity is now registered in Scotland with the OSCR (SC049459).
Objectives and activities
The aims of Pyjama Fairies are:
-
To create and distribute pyjamas and surgical gowns specially designed and approved by hospitals, sewn by volunteers, both to hospitals and children in the UK on request
-
To help children and families feel more comfortable whilst the associated child is undergoing surgeries and or associated treatments in hospital, other health facility or home
-
Each initial gown and/or pair of pyjamas will be provided free of charge to the family subject to a postage charge
1
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Objectives and activities (continued)
Trustee changes
Unfortunately for the last year Miss Whitton has totally absent. She has been uncontactable and unable to fulfill her role as trustee, so it was decided that she will be asked to consider her position as trustee and future involvement in the management of the charity. We wrote to her asking if we could facilitate her return and despite a reply have heard nothing further. The two remaining trustees have agreed to formally ask her to retire completely and to advertise for a non-executive trustee who will just be a 3rd party and not necessarily taking part in the day to day running of the charity. The day to day is managed well by a highly experienced and effective support team, working under Miss Chadwick and Ms Thompson.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
2
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Achievements and performance
Covid
Covid has still had some impact on our performance during this reporting period. Whilst we have been fully operational we have had to be mindful of maintaining strict hygiene protocols for our working volunteers and have often had to reallocate orders due to positive covid tests. We still very much focus on helping fairies to return to work and emotional support for those that need it.
Parent/Guardian Orders
The charity has provided over 1040 orders to parents/guardians and their children per month since April 2022 totalling at least 2000 garments, with many parents requiring more than the two initial garments and with many, many follow on orders. Our emergency stock system has been very busy, sending garments out daily for families with short notice. We are now almost back operating at full speed equal to our output pre-covid and are very happy to see this
Hospital Orders
The charity has successfully provided large orders to 12 more hospitals this year compared to last year, this mean over 48 hospitals since April 2022 totalling over 3800 garments to hospitals in this time. We had hospital orders on the books now going into 2024 and more enquiries and more asking for help every month. We have had some wards come back and ask for a second donation and we have agreed that they can also be offered to have a further 50 garments supplied.
We are meeting our goal to provide a minimum of 3 hospital orders of 100 garments every month. Where possible we are now hand delivering our orders and it is always so lovely for the fairies to see where all their hard work goes and everyone likes to see the photos from these occasions, and the contact with staff is vital so they remember us too as we have had many parent order referrals via staff talking to our Fairies
Hospice Orders
Following our success last year with our hospice Christmas pyjamas order we offered the chance again this year and chose 4 hospices to receive them. We sent a total of 56 Christmas garments to them and had 3 follow on orders, a total of 90 more. So for this reporting period we have supplied a total of 176 garments to hospices across the UK.
Volunteers
The number of volunteers for our charity has grown steadily this year. The growth in volunteers continues to be vital for the success and sustainability of the charity to be able to continue providing our wonderful garments to sick children across the UK. We are still looking to gain more volunteers as the demand for our garments is forever increasing. Volunteers currently registered on the new website is 141 fairies, this is a flexible figure compared to previous years as we very careful about who we add to our website and keep a close eye on volunteers achieving Wings and then continuing on to actively sew for us, this creates a more accurate picture
3
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
of our active volunteers.Our social media manager has really been successful in promoting us and our reach is increasing and we have a much more visible presence on our own page as well as Facebook, Instagram and Twitter so continues to do so.
Website
As stated last year our website has undergone a completely brand new rebuild by a volunteer from outside the charity. This was launched very successfully and has been an amazing tool that now works flawlessly and does exactly what we need it to do. It's an excellent window into Fairyland and the complaints from users have almost all disappeared
Health and Safety
Our handbook is being revised and updated and is now such a comprehensive piece of work that fairies, new and old, do not need to look anywhere else as all the answers are now within. Subsequently we have tightened up our Wings process so that everyone is adhering to the required standard, and we now also require fairies to sew first for hospital orders so we can continue to
Fundraising
As the fundraising support from Amazon Smile will soon be discontinued we have looked at other ways to support ourselves and have set up a wishlist on Amazon so our supporters can buy items that we use daily such as postage bags and this will be on going. The Christmas Sleigh in Partington which was a great opportunity to advertise the charity and also raised vital funds continues to grow in strength from year to year, spear headed by Miss Chadwick and her family and we now also have the ability to run a Santas grotto for 1 day in December and again the funds and exposure from this is invaluable.
Our agreement with our merchandise supplier has ended and we are exploring options as to the best way to incorporate this without it creating too much work for any of our volunteers.
We are very fortunate this year to have been supported by the organisations below as well as our ongoing personal donors
Slades Florist Amalfi Flowers 1st Warboys Rainbows Anglian Building Products Tenantry Farm Rockbourne Inner Wheel Club of Locks Heath Mel Hill (Parklife) English Martyrs Catholic Church Pyjama Sleigh and Grotto
4
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Judith Garlick Wanley Locksheath Rotary Club Hamble Ladies Group Ricky & Christine Eden Stakeford Ladies Group
We were very honoured to have been left a legacy donation from the estate of the late Rita Burrell and this has been earmarked for a donation of garments to her local hospital.
Events
We were invited to display at two events last year and with great success fairies attended the Little People UK conference and Max's Trust Charity Event both in August 2022. It was amazing to be able to meet the two groups of people and discuss the help they may need from us face to face, so much so that we have been invited to attend both events again in 2023
As more and more events are starting to be planned we are hoping to be invited to more and our social media fairy is on a continual watch for this for us.
Moving forward
This year's goals include sourcing an easy and cost effective way to produce merchandise,
To continue to market ourselves to as many places as possible and to try and increase hospice take up.
To advertise and appoint a 3rd trustee.
Financial review
Reserves
The charity reserves currently stand at £32,115 (2021: £40,260), the charity have little fixed or recurring costs therefore the trustees believe a reserve level of £5,000 is sufficient.
The partners' annual report was approved on 4 May 2023 and signed on behalf of the board of trustees by:
5
Pyjama Fairies
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
The trustees' annual report and the strategic report were approved on 4 May 2023 and signed on behalf of the board of trustees by:
Miss A Chadwick Trustee
Miss V L Thompson Trustee
6
Pyjama Fairies
Company Limited by Guarantee
Chartered Accountant's Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Pyjama Fairies
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pyjama Fairies for the year ended 31 March 2023, which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes from the charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the board of trustees of Pyjama Fairies, as a body, in accordance with the terms of our engagement letter dated 19 April 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Pyjama Fairies and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pyjama Fairies and its board of trustees, as a body, for our work or for this report.
It is your duty to ensure that Pyjama Fairies has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pyjama Fairies. You consider that Pyjama Fairies is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Pyjama Fairies. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
FRANCIS GRAY CHARTERED ACCOUNTANTS Chartered accountants
Ty Madog 32 Queens Road Aberystwyth Ceredigion SY23 2HN
7
Pyjama Fairies
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 33,032 | 33,032 | 28,724 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 33,032 | 33,032 | 28,724 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6 | 41,177 | 41,177 | 39,644 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 41,177 | 41,177 | 39,644 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net expenditure and net movement in funds | (8,145) | (8,145) | (10,920) | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 40,260 | 40,260 | 51,180 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 32,115 | 32,115 | 40,260 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 19 form part of these financial statements.
8
Pyjama Fairies
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Intangible assets | 11 | – | 3,716 |
| Tangible fixed assets | 12 | 1,321 | 1,760 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 1,321 | 5,476 | ||
| Current assets | |||
| Debtors | 13 | 151 | – |
| Cash at bank and in hand | 31,363 | 34,784 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 31,514 | 34,784 | ||
| Creditors: amounts falling due within one year | 14 | 720 | – |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 30,794 | 34,784 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 32,115 | 40,260 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net assets | 32,115 | 40,260 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Unrestricted funds | 32,115 | 40,260 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 15 | 32,115 | 40,260 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 12 to 19 form part of these financial statements.
9
Pyjama Fairies
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of trustees and authorised for issue on 4 May 2023, and are signed on behalf of the board by:
Miss A Chadwick Trustee
Miss V L Thompson Trustee
The notes on pages 12 to 19 form part of these financial statements.
10
Pyjama Fairies
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure | (8,145) | (10,920) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 439 | 587 |
| Amortisation of intangible assets | – | 1,830 |
| Loss on disposal of heritage assets | 3,716 | – |
| Accrued expenses | 720 | – |
| Changes in: | ||
| Trade and other debtors | (151) | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Cash generated from operations | (3,421) | (8,503) |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Net cash used in operating activities | (3,421) | (8,503) |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | – | (2,271) |
| Proceeds from sale of heritage assets | (3,716) | – |
| Proceeds from sale of intangible assets | 3,716 | – |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| Net cash used in investing activities | – | (2,271) |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Net decrease in cash and cash equivalents | (3,421) | (10,774) |
| Cash and cash equivalents at beginning of year | 34,784 | 45,558 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| Cash and cash equivalents at end of year | 31,363 ৶৶৶৶৶৶৶৶ |
34,784 ৶৶৶৶৶৶৶৶ |
The notes on pages 12 to 19 form part of these financial statements.
11
Pyjama Fairies
Year ended 31 March 2023
Company Limited by Guarantee
Notes to the Financial Statements
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is PO BOX 267, Manchester, M41 4DU.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
12
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
13
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Website
33% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
14
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Limited by guarantee
The members' liability is restricted to £1 each in case of winding up.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations - Gowns & Postage | 33,032 | 33,032 | 28,724 | 28,724 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Pyjama Fairies | 35,443 | 35,443 | 35,946 | 35,946 |
| Support costs | 5,734 | 5,734 | 3,698 | 3,698 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 41,177 | 41,177 | 39,644 | 39,644 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
6. Expenditure on charitable activities by fund type
15
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
7. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | |||
| activity 1 | Total 2023 | Total 2022 | |
| £ | £ | £ | |
| Communications and IT | 708 | 708 | 561 |
| General office | 151 | 151 | – |
| Governance costs | 720 | 720 | 720 |
| Support costs - Other costs type 1 | 4,156 | 4,156 | 2,417 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | |
| 5,735 | 5,735 | 3,698 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Amortisation of intangible assets | – | 1,830 | |
| Depreciation of tangible fixed assets | 439 | 587 | |
| Loss on disposal of heritage assets | 3,716 ৶৶৶৶৶৶৶ |
– ৶৶৶৶৶৶৶ |
8. Net expenditure
9. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees in the year or previous
16
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
11. Intangible assets
| Intangible | |
|---|---|
| asset user | |
| defined 1 | |
| £ | |
| Cost | |
| At 1 April 2022 | 10,864 |
| Additions | – |
| Disposals | (10,864) |
| ৄৄৄৄৄৄৄৄ | |
| At 31 March 2023 | – |
| ৶৶৶৶৶৶৶৶ | |
| Amortisation | |
| At 1 April 2022 | 7,148 |
| Charge for the year | – |
| Disposals | (7,148) |
| ৄৄৄৄৄৄৄৄ | |
| At 31 March 2023 | – |
| ৶৶৶৶৶৶৶৶ | |
| Carrying amount | |
| At 31 March 2023 | – |
| ৶৶৶৶৶৶৶৶ | |
| At 31 March 2022 | 3,716 |
| ৶৶৶৶৶৶৶৶ |
12. Tangible fixed assets
| Plant and | ||||
|---|---|---|---|---|
| machinery | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2022 and 31 March 2023 | 319 | 2,271 | 2,590 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Depreciation | ||||
| At 1 April 2022 | 262 | 568 | 830 | |
| Charge for the year | 14 | 425 | 439 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| At 31 March 2023 | 276 | 993 | 1,269 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Carrying amount | ||||
| At 31 March 2023 | 43 | 1,278 | 1,321 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| At 31 March 2022 | 57 | 1,703 | 1,760 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 13. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 151 | – | ||
| ৶৶৶৶ | ৶৶৶৶ |
17
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
14. Creditors: amounts falling due within one year
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Accruals and deferred income | 720 | – | ||
| ৶৶৶৶ | ৶৶৶৶ | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At | ||||
| At | 31 March 202 | |||
| 1 April 2022 | Income | Expenditure | 3 | |
| £ | £ | £ | £ | |
| General funds | 40,260 | 33,032 | (41,177) | 32,115 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| At | ||||
| At | 31 March 202 | |||
| 1 April 2021 | Income | Expenditure | 2 | |
| £ | £ | £ | £ | |
| General funds | 51,180 | 28,724 | (39,644) | 40,260 |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Intangible assets | – | – | ||
| Tangible fixed assets | 1,321 | 1,321 | ||
| Current assets | 31,514 | 31,514 | ||
| Creditors less than 1 year | (720) | (720) | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 32,115 | 32,115 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Intangible assets | 3,716 | 3,716 | ||
| Tangible fixed assets | 1,760 | 1,760 | ||
| Current assets | 34,784 | 34,784 | ||
| Creditors less than 1 year | – | – | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 40,260 | 40,260 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
15. Analysis of charitable funds Unrestricted funds
16. Analysis of net assets between funds
18
Pyjama Fairies
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
17. Analysis of changes in net debt
| At | |||||
|---|---|---|---|---|---|
| At | 1 | Apr 2022 | Cash flows | 31 Mar 2023 | |
| £ | £ | £ | |||
| Cash at bank and in hand | 34,784 ৶৶৶৶৶৶৶৶ |
(3,421) ৶৶৶৶৶৶৶ |
31,363 ৶৶৶৶৶৶৶৶ |
19