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2024-03-31-accounts

Trustees Report and Accounts 1 April 2023 to 31 March 2024

A great place to grow

Annual Report of The Maple Tree 2023-24

The Maple Tree Centre continued to flourish during 2023-24. Our activities expanded and we offered sessions each weekday as well as monthly family fun sessions on the third Saturday of each month. The majority of our sessions are drop-in sessions where families can just turn up and are encouraged, if possible, to give a small contribution to the running of the centre. We also offered some booked sessions whenever we needed to know or limit the number of people attending such as our popular cookery sessions or first aid.

We were sad to say goodbye during the year to Chris Sewell, a long-standing trustee and exchair of trustees who had been present since the founding of The Maple Tree as a charitable trust. We also said farewell to Sasha Reed who left us in May 2023 to enjoy time with her young family and to Susie Parker who left us at the end of October 2023 to return to teaching. Thank you to all of you for your work for The Maple Tree.

We were pleased to welcome three new trustees: Dai David joined as our treasurer; Richard Harding who is supporting our income generation and Amy Eastham who is supporting our fundraising. We were also delighted to recruit Becky Webb who joined us as a family support worker in December 2023. We are grateful to Karina Williamson who wants to extend her knowledge and experience by starting to run family sessions at the centre.

Our charitable objectives

During 2023-24 we continued to work towards our strategic priorities and charitable objectives. We hope for the coming year to make some small changes to our objectives to more fully reflect the views of those attending and their geographical location through changes to our charitable constitution.

Our current objectives

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Proposed changes to our objectives

Strategic plan 2022-2025

We started the second year of our three-year strategic plan in April 2023, developed through consultation with staff, parents and other stakeholders. Our strategic plan helps us focus on our charitable objectives and is organised under three specific aims:

What we have achieved in 2023 – 24

1. A sustainable and stable organisation

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Next steps

2. Engage and support families with young children in our reach area

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Next steps

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3. Ensure and enhance the quality and scope of our services

Next steps

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Financial review April 2023 - March 2024

The Maple Tree’s financial position at 31 March 2024 is set out in the Statement of Financial Activities and Balance Sheet on the following pages. This was the sixth full year of operation for the Maple Tree and this is the seventh set of accounts.

Before the beginning of each financial year the trustees agree the budget that they calculate will be needed to run The Maple Tree for the year ahead and a plan for how they will try and raise the funds required.

Income

Our income for the year was £84,735. This was less than our income for the previous year, which had been boosted in particular by a large fundraising event in the 2022-23 financial year.

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Income sources 2023-24
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4%
11%
7%
40%
38%
Donations Grants Premises hire Fundraising events and activities Other
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We received grants totalling £4,350 from Parish Councils and £10,657 from South Oxfordshire District Council and Oxfordshire County Council. We also secured grant funding from other organisations, from small amounts to purchase resources to larger sums for core costs. For example, we successfully applied for £10,000 of National Lottery funding.

We gather donations from families attending group sessions and, where possible, claim Gift Aid on these. We have also been fortunate to receive some “one-off” donations from local people in the community. We hire out The Maple Tree to local Health Visitors and families for events, such as birthday parties. Our income from room hire was lower this year, at

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£5,596, mainly because the Health Visitors have not been running as many clinics in Wheatley.

Our programme of fundraising, including a Silent Auction and Christmas events, raised £9,601. We raise smaller amounts of money from collection tins, the SODC lottery and by selling donated clothes, toys and equipment.

Expenditure

Our expenditure for the year was £84,460. Approximately 92% of this was spent on directly delivering services to local families, with the remaining amount on income generation activities.

By far the largest cost was staffing, at £57,558. The Maple Tree staff wages track the Local Authority “green book” scheme, which delivers an annual wage increase. The other major costs were for cleaning and maintaining the premises and gas and electricity.

Reserves

In accordance with Charity Commission guidance, The Maple Tree has a reserves policy that is reviewed annually. The trustees reviewed the reserve requirement in November 2023 and agree to hold a reserve of £40,000, which was unchanged from the previous year.

Trustee remuneration

The trustees did not receive any remuneration for carrying out their trustee responsibilities.

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Statement of financial activities and balance sheet for the year ended 31 March 2024

A. Statement of Financial Activities for the year ending 31 March 2024 A. Statement of Financial Activities for the year ending 31 March 2024 A. Statement of Financial Activities for the year ending 31 March 2024 A. Statement of Financial Activities for the year ending 31 March 2024
Unrestricted
funds
Restricted
funds
Total funds Total last year
£ £ £ £
Donations and grants 61,405 4,651 66,056 63,253
Charitable activities: Room hire 5,596 0 5,596 8,004
Fundraising activities 9,601 0 9,601 32,472
Other 3,482 0 3,482 1,545
Total incoming resources 80,084 4,651 84,735 105,275
Resources expended
Raising funds 6,644 0 6,644 9,714
Charitable activities 73,165 4,651 77,816 74,340
Total resources expended 79,809 4,651 84,460 84,054
Net movement in funds 275 0 275 21,220
Total funds brought forward 65,935 0 65,935 44,715
Total funds carried forward 66,210 0 66,210 65,935
B. Balance sheet for the year ended 31 March 2024
Unrestricted
funds
Restricted
funds
Total
funds
Total last
year
£ £ £ £
Fixed assets
Total fixed assets 938 0 938 1,173
Current assets
Debtors and prepayments 4,695 0 4,695 4,527

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Unrecovered SMP 0 0 0 0
Cash at bank and in hand 43,495 0 43,495 28,751
Reserve account 35,500 0 35,500 35,077
Total current assets 83,690 0 83,690 68,355
Liabilities
Creditors 27 0 27 29
Deferred income and accruals 17,920 0 17,920 3,137
PAYE to HMRC 0 0 0 0
Pension 471 0 471 428
Total current liabilities 18,418 0 18,418 3,593
Net assets 66,210 0 66,210 65,935
Funds of the charity 66,210 0 66,210 65,935

Notes to the accounts for the year ended 31 March 2024

1. Charity information

The Maple Tree is a Charitable Incorporated Organisation registered in England and Wales (reg no 1174117). The principal address is 20 Littleworth Road, Wheatley, Oxford, OX33 1NW.

Notes on Accounting Policies

2. Accounting policies

The accounting period is from 1[st] April 2023 to 31[st] March 2024.

These accounts have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FRSA applicable in the UK and Republic of Ireland (FRS102)’ (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS102.

The charity has taken advantage of the provisions of the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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These accounts have been prepared in sterling which is the functional currency of the charity and monetary amounts published in these financial statements have been rounded to the nearest £.

These accounts have been prepared on the basis of historic cost and the principal accounting policies adopted are set out below.

These accounts for the year ending 31st March 2024 are the seventh set of accounts prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FRSA applicable in the UK and Republic of Ireland (FRS102)’ (as amended for accounting periods commencing from 1 January 2016). The first set of accounts covered the period from the incorporation of the charity on 3[rd] August 2017. There are no prior year adjustments. There is no change in the accounting policies.

3. Going concern

At the time of writing the accounts the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

4. Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

5. Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that the income will be received.

Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.

Income from local government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donated goods and services are included at the value to the charity where this can be quantified and is material. Value of services provided by volunteers has not been included but is described in the trustees’ annual report.

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Income from charitable activities is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business.

6. Resources expended

Expenditure is recognised once there is a legal or constitutional obligation to make payment to a third party, it is probable that the settlement will be required and the amount of obligation can be measured reliably.

Expenditure is recognised on an accrual basis as a liability is incurred. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Costs of generating funds comprise the costs of trading for fundraising purposes and associated licences and insurances required.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between the expenditure categories of the Statement of Financial Activity 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.

7. Fixed assets

Tangible fixed assets are stated at cost and subsequently measured at cost less accumulated depreciation or impairment loss. The costs of assets below £1,000 are not capitalised. Depreciation 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.

8. Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and 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 market rate of interest. Financial assets classified as receivable within one year are not amortised.

9. Basic financial liabilities

Basic financial liabilities, which include 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 classed as payable within one year are not amortised.

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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.

10. Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee of to provide termination benefits.

11. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Analysis of information contained in the Statement of Financial Activity and Balance Sheet 12. Grants and donations receivable

Unrestricted Restricted Total
£ £ £
Donations 33,586 0 33,586
Grants Oxfordshire & South
Oxon Councils
7,469 3,188 10,657
Parish Councils 4,350 0 4,350
Other 16,000 1,463 17,463
Total 61,405 4,651 66,056

13. Expenditure: Raising funds

13. Expenditure: Raising funds
Unrestricted Restricted Total
£ £ £
Employee wages 2,807 0 2,807
Fundraisingevents 2,227 0 2,227
Marketingand communications 1,129 0 1,129
Licences and insurance 481 0 481
Total 6,644 0 6,644

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14. Expenditure: Charitable activities

Unrestricted Restricted Total
£ £ £
Staff costs 52,036 2,960 54,996
Session supplies 4,297 998 5,295
Propertycosts 12,093 693 12,786
Administrative costs 4,739 0 4,739
Total 73,165 4,651 77,816

15. Employees

15. Employees 15. Employees
The average number of full-time equivalent employees for theyear
Coreprogramme 1.5
Administration 0.5
Total 2

A book keeper was contracted to supply part time book-keeping services and an accountant to provide payroll services. Additionally, garden maintenance and cleaning services were purchased.

purchased.
Employee costs 2023-24 2022-23
£ £
Salaries and wages 56,130 49,028
Pension costs 1,420 1,129
Statutorymaternity pay 0 627
Staff trainingand DBS checks 244 880
Recruitment costs 0 203
Mileage claims 371 323
Total 58,165 52,010

No other employee benefits were paid or ex-gratia payments made.

No employee received emoluments of more than £60,000.

The charity operates a defined contribution pension scheme through SMART PENSION LIMITED incorporated and registered in England and Wales with company number 09026697 whose registered office is at 20 Eastbourne Terrace, London, W2 6LG.

16. Debtors and Prepayments

16. Debtors and Prepayments
2023-24 2022-23
£ £
Debtors 4,102 3,990
Prepayments 593 535
Total 4,695 4,525

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17. Cash at bank and in hand

17. Cash at bank and in hand
2023-24 2022-23
Unrestricted Restricted Total Total
Short term deposit(£) 35,500 0 35,500 35,077
Cash at bank & in hand(£) 43,495 0 43,495 28,751
Total 78,995 0 78,995 63,828

18. Creditors and accruals

18. Creditors and accruals
2023-24 2022-23
£ £
Creditors 27 29
Accruals 920 596
NI andpension 471 428
Total 1,418 1,053

The Maple Tree received £17,000 in deferred income in 2023-24

19. Movement in deferred income

Thisyear Lastyear
£ £
Balance at the start of the reporting period 2,540 2,428
Amounts added in currentperiod 17,000 2,540
Amounts released to income frompreviousperiod 2,540 2,428
Balance at the end of the reporting period 17,000 2,540

20. Fees

No fee was paid for the examination of the accounts.

21. Events after the end of the accounting period

There are no events to report after the end of the accounting period.

22. Transactions with trustees and related parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with The Maple Tree or a related entity.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

No trustee expenses have been incurred.

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Independent Examiner’s report to the Trustees of The Maple Tree

I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 8 to 16 of this Annual Report.

Respective roles of the trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:

Signed:

Frances Axford, ACA

Member of the Institute of Chartered Accountants of England and Wales 24, Waterperry, Oxford, OX33 1LB

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Reference and administration details

Charity Information:

The Maple Tree: Charity Reg. No. 1174117.

Address: 20 Littleworth Road, Wheatley, Oxford OX33 1NW

Bankers: Barclays Bank, Oxford

Structure, governance and management

The Maple Tree is a Charitable Incorporated Organisation (CIO), governed according to the Constitution dated 3rd August 2017. It is an independent charity and not part of any ‘umbrella’ body.

Our constitution allows up to 12 trustees. The trustees serving on the Board between April 2023 and end March 2024 were:

Dai David (Treasurer from November 2023) Amy Eastham, appointed September 2023 Liz Elsom, appointed September 2018 Georgina Glenny, appointed February 2023 Richard Harding, appointed October 2023 Jane Lightfoot (Chair) appointed July 2019 Chris Sewell, appointed August 2017, retired October 2023 Amanda Smith (Treasurer until November 2023) appointed September 2018 Ex-officio member, Laura Spencer (Centre Manager)

Sub-groups

There are no formal sub-committees. The trustees appoint working groups to carry out specific tasks as delegated by the Board. During the year these were: Finance, Staffing, Fundraising and Premises.

Our catchment area

We serve the villages of Beckley, Cuddesdon, Denton, Forest Hill, Garsington, Great Haseley, Great Milton, Holton, Horspath, Little Haseley, Little Milton, Littleworth, Marsh Baldon, Milton Common, Stanton St John, Tiddington, Toot Baldon, Waterperry, Waterstock and Wheatley.

Status of this report

This report complies with the Charities Act 2011, the charity's constitution and 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) (effective 1 January 2015) (as amended for accounting periods commencing from 1 January 2016).

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Acknowledgements

The Maple Tree Board of Trustees are grateful to our parents and carers for their financial contributions when attending sessions, to the Friends of The Maple Tree, and to some very generous local individuals for their financial support. We thank the following organisations for financial support in 2023-24:

for financial support in 2023-24:
Awards For All Oxfordshire Community Foundation
Blenheim Bursary Oxfordshire County Council
Doris Field Trust PF Trust
Great Milton Parish Council Pye Charitable
Holton Parish Council Sewell Trust
Horspath Parish Council South Oxfordshire District Council
Mazars Wheatley Parish Council

Thank you to the following organisations that have supported our fundraising:

Anna O-Keeffe (Tropic) New Theatre, Oxford
Asda Oak Hairdressing
Aston Martin Heritage Trust Museum Odds Farm
Bekonscot Model Village Oxford Brewery
Cotswold Wildlife Park and Gardens Park Sports Centre
Cornfield Bakery Sandy Lane Farm
Dynamix Dance Academy Seasons Holidays
Farmer Gow’s Ltd Snakes and Ladders
Farol Studley Wood Golf Club
Gail Kharegat Sunnyhill Vineyard
Giffords Circus Thame Sports Centre
Holton Players The New Club
ID Hair The Sun, Wheatley
Jangeus Waterperry Gardens
Jump Inc. Waterstock Golf Club
Millets Farm Waterwood Contracts
Mill View Garden and Coffee Shop Wheatley Car Centre
Modern Art Oxford Wheatley Farm Shop

Signed as a record of our activity from 1 April 2023 – 31 March 2024

Jane Lightfoot, Chair of Trustees

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