Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
**CHARITY REGISTRATION NUMBER: 1175957**
## **SPACE**
## **Unaudited Financial Statements**
## **31 December 2023**
**AGP** Chartered accountants Sterling House 810 Mandarin Court Centre Park Warrington Cheshire WA1 1GG
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Financial Statements**
## **Year ended 31 December 2023**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**7**|
|Statement of financial activities|**8**|
|Statement of financial position|**9**|
|Notes to the financial statements|**10**|
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report**
## **Year ended 31 December 2023**
The SPACE Trustees present their report and financial statements for the Charity’s 12 month period ended 31 December 2023. Due to the fact that the gross income of the Charity exceeded £250,000 for the financial year, the financial statements must now be prepared on an accruals basis rather than on a receipts and payments basis.
## **Chairperson's foreword**
SPACE continues to open 7 days a week to offer the following projects / services:
- Little Stars play sessions for pre-school children
- Family Play Sessions
- After School Activity Club
- Parent-Carer Info, Coffee and Chat Group
- Counselling
- Parent training sessions
- Family events Lending
- Lending library
- Sibling Support Group
- Hire of the centre to other groups, charities, schools and for birthday parties
Financially we have continued to grow to meet the increased need in 2023. Around 162 more families accessed SPACE this year. As a result of our growth, our annual gross income exceeded £250,000 for the first time, so we are now required to prepare financial statements on an accruals basis rather than on a receipts and payments basis.
Thanks to a grant from the National Lottery, we have been able to introduce an Operations Manager to support the day to day running of the centre and to ensure that we maintain a good quality of service.
Throughout the year, we have worked on diversifying our income streams so that we are less dependent on a small number of funders.
We are so thankful to all of those who have given their time to SPACE through fundraising and volunteering, we'd be lost without this support.
In 2024, we are planning to upgrade the sensory room, making it bigger and more accessible, as well as working with a consultant to develop an organisational strategy for the coming years.
_Best wishes, Jonathan Haigh_
**- 1 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 December 2023**
## **Reference and administrative details**
**Registered charity name** SPACE **Charity registration number** 1175957 **Principal office** Unit 6 Grange Park Milford House Grange Road Chester CH2 2AN **The trustees** K Harvey L Smith S Williams K Francis H Rainbird A Jones (Appointed 13 July 2023) S Rose (Appointed 13 July 2023) J Haigh **Independent examiner** Rachel Palombella FCA AGP Chartered Accountants Sterling House 810 Madarin court Centre Park Warrington Cheshire WA1 1GG
**- 2 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 December 2023**
## **Structure, governance and management**
The Charity is governed by a team of six Trustees who between them bring experience of disability, law, marketing, accountancy and auditing, HR and learning and development.
The Trustees met on a bi-monthly basis during the year ensuring regular consideration is being given to monitoring the progress of the Charity in achieving its objectives.
The Trustees continued to delegate responsibility for the day-to-day operation and management of the Charity to the Charity Manager, Jemma Gregory, who is also the Charity's founder. During the year, Jemma was supported by an Operations Manager, a new role made possible by a generous grant from The National Lottery. The Charity also has a fantastic team of project coordinators, playworkers, an administrator, café assistants and a large team of volunteers who generously give up their time to help at play sessions and at fundraising events.
The Trustees consider recruitment of new Trustees as the need arises. Applications from suitable candidates are sought by identifying specific gaps in professional skills and seeking recommendations of professionally qualified candidates. A new Trustee is provided with an induction pack including a copy of the constitution as well as information on their roles and responsibilities.
## **Governing document**
SPACE is registered as a Charitable Incorporated Organisation (CIO) under its constitution dated 20 November 2017. A copy is available from the Secretary by written request. The Trustees made the decision in 2017 to close SPACE (Registered charity 1163411) and form a Charitable Incorporated Organisation (CIO) under the same name, being registered with the Charity Commission as a CIO on 28 November 2017 (Registered charity 1175957). The decision was driven primarily by the desire to take advantage of the separate legal personality and limited legal liability for Trustees, particularly in light of opening the new SPACE premises, which has required the Charity to contract with a number of external suppliers and organisations.
**- 3 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 December 2023**
## **Background to the charity**
SPACE is a small Cheshire based charity that provides a fun, safe and accessible play centre, in which children with disabilities and additional needs can play. It also provides opportunities for parents and carers to meet to provide mutual support.
We were founded in 2014 by mums with children with disabilities and additional needs. We found that there was very little in the way of support for families with young children with disabilities and additional needs and that there were no accessible play areas.
We believe that children, regardless of their abilities, should be able to access play facilities. The lack of these facilities causes isolation not just of the child with additional needs, but the whole family.
In February 2020, we achieved our dream of opening a multisensory play centre to provide a bespoke play environment where children with additional needs and their families can enjoy stimulating and interactive experiences.
All of the children who visit our centre have learning, physical or sensory disabilities, or additional needs such as autism, Down's syndrome or global development delay. Older children are welcome on a 'case by case' basis too, dependent upon their development needs. We also welcome non-disabled siblings to encourage inclusive play.
## **Charity objectives**
The Charity's objective is to provide facilities for recreation and/or other leisure time facilities in the interests of social welfare in particular, but not exclusively for children with additional needs. This includes provision of a multi-sensory and safe play environment with the object of improving the children's quality of life. The Charity's second objective is to provide information, guidance and the opportunity for peer support to parents and carers of children with additional needs as we we recognise that their role is integral in the health and well being of the children.
The Trustees have referred to the Charity Commission's general guidance on public benefit when reviewing SPACE's aims and objectives and in planning future activities. The Trustees consider how planned activities will contribute to the aims and objectives they have set.
## **Achievements and performance**
We provide support to children with additional needs and their families through the provision of accessible play and recreation activities at our dedicated play centre and through sharing advice and information.
**- 4 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 December 2023**
## **Financial review**
The Charity's main source of funds during the period was grant income of £171,093 (2022: £132,920).
There was a considerable increase in income from family activity fees, party hire and refreshments during the year to £63,313 (2022: £40,791). This was due to the increased numbers of families attending our sessions and as a result of extra capacity being offered at our after school club from 40 to 50 places.
As a result of increased activity at the centre and the introduction of an Operations Manager role funded by a generous grant from the National Lottery, the Charity's wages and salaries costs also recorded a notable rise of £27,360.
## **Reserves policy**
Unrestricted reserves are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. The Charity will aim to hold unrestricted general reserves set at a level equivalent to 3 months core operating costs as a desired level of reserve. This is to ensure that sufficient funds are available in the face of any unforeseen events. This policy will be reviewed annually. At the period ended 31 December 2023, the charity had unrestricted reserves of £71,555 (2022: £117,319).
Restricted reserves are subject to restrictions on their expenditure imposed by the funding body, donor or through the terms of an appeal. At the period ended 31 December 2023, the charity had restricted reserves of £81,848 (2022: £41,835)
## **Tax status**
As a registered charity, number 1175957, SPACE is exempt from corporation tax and income tax on its charitable activities.
## **Plans for future periods**
Our focus in 2024 will be to continue to raise the profile of the charity and to reach more families.
We will closely monitor and evaluate our service as it grows, regularly consulting with children and families to ensure that we deliver the right service to a high standard.
During the year ahead, we are planning to upgrade our sensory room, making it bigger and more accessible, as well as working with a consultant to develop an organisational strategy for the coming years.
Thanks must be given to the local community, organisations, funders and businesses for their continued support. All volunteer hours, donations and words of support are hugely appreciated. Without such generosity, we would not be able to offer the level of support to the children and families in the way that we do.
**- 5 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 December 2023**
The trustees' annual report was approved on 24 October 2024 and signed on behalf of the board of trustees by:
J Haigh Trustee
**- 6 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Independent Examiner's Report to the Trustees of SPACE**
## **Year ended 31 December 2023**
I report to the trustees on my examination of the financial statements of SPACE ('the charity') for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 financial statements do not accord with those records; or
3. the financial statements 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.
Rachel Palombella FCA Independent Examiner
AGP Chartered Accountants Sterling House 810 Mandarin Court Centre Park Warrington WA1 1GG
24 October 2024
**- 7 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Statement of Financial Activities**
## **Year ended 31 December 2023**
||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted||_Restated_|
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|48,910|141,443|190,353|146,381|
|Charitable activities|**5**|68,314|–|68,314|53,051|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|**Total income**||117,224|141,443|258,667|199,432|
|||================================|================================|================================|================================|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|172,447|91,971|264,418|236,171|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|**Total expenditure**||172,447|91,971|264,418|236,171|
|||================================|================================|================================|================================|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|**Net expenditure**||(55,223)|49,472|(5,751)|(36,739)|
|||================================|================================|================================|================================|
|Transfers between funds||9,459|(9,459)|–|–|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|**Net movement in funds**||(45,764)|40,013|(5,751)|(36,739)|
|**Reconciliation of funds**||||||
|Total funds brought forward||117,319|41,835|159,154|195,893|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||71,555|81,848|153,403|159,154|
|||================================|================================|================================|================================|
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 10 to 20 form part of these financial statements.**
**- 8 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Statement of Financial Position**
## **31 December 2023**
||||2022|
|---|---|---|---|
|||**2023**|_Restated_|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**13**|51,983|60,577|
|**Current assets**||||
|Debtors|**14**|1,650|1,320|
|Cash at bank and in hand||103,921|99,009|
|||--------------------------------|--------------------------------|
|||105,571|100,329|
|**Creditors: amounts falling due within one year**|**15**|4,151|1,752|
|||--------------------------------|--------------------------------|
|**Net current assets**||101,420|98,577|
|||--------------------------------|--------------------------------|
|**Total assets less current liabilities**||153,403|159,154|
|||--------------------------------|--------------------------------|
|**Net assets**||153,403|159,154|
|||================================|================================|
|**Funds of the charity**||||
|Restricted funds||81,848|41,835|
|Unrestricted funds||71,555|117,319|
|||--------------------------------|--------------------------------|
|**Total charity funds**|**17**|153,403|159,154|
|||================================|================================|
These financial statements were approved by the board of trustees and authorised for issue on 24 October 2024, and are signed on behalf of the board by:
## J Haigh Trustee
**The notes on pages 10 to 20 form part of these financial statements.**
**- 9 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Unit 6, Grange Park, Milford House, Grange Road, Chester, CH2 2AN.
## **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 Charities Act 2011.
## **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.
## **Changes in accounting policies**
The accounts of the charity have previously been prepared on a receipts and payments basis, however for the financial year ended 31 December 2023 the charity has adopted the accruals basis which is also to prepare in accordance with FRS 102. Due to this, the comparative information has been restated as far as practicable on a like for like basis.
## **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.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**- 10 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 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.
## **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.
**- 11 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **3. Accounting policies** _**(continued)**_
## **Tangible assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **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:
|Sensory toy library|-|5 years straight line|
|---|---|---|
|Fixtures and fittings|-|10 years straight line|
|Computer equipment|-|3 years straight line|
|Toys and play equipment|-|5 years straight line|
## **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 banks loans which are subsequently measured at amortised cost using the effective interest method.
## **Defined contribution plans**
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
## **Tax status**
As a registered charity, number 1175957, SPACE is exempt from corporation tax and income tax on its charitable activities.
**- 12 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **4. Donations and legacies**
|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2023**|
|||£|£|**£**|
|**Donations**|||||
|Donations||19,260|–|19,260|
|**Grants**|||||
|Grants receivable||29,650|141,443|171,093|
|||----------------------------|--------------------------------|--------------------------------|
|||48,910|141,443|190,353|
|||============================|================================|================================|
|||||Total Funds|
|||Unrestricted|Restricted|2022|
|||Funds|Funds|_Restated_|
|||£|£|£|
|**Donations**|||||
|Donations||13,461|–|13,461|
|**Grants**|||||
|Grants receivable||52,355|80,565|132,920|
|||----------------------------|----------------------------|--------------------------------|
|||65,816|80,565|146,381|
|||============================|============================|================================|
|**Charitable activities**|||||
|||||Total Funds|
||Unrestricted|**Total Funds**|Unrestricted|2022|
||Funds|**2023**|Funds|_Restated_|
||£|**£**|£|£|
|Fundraising events|5,001|5,001|12,260|12,260|
|Family activity fees, party hire &|||||
|refreshments|63,313|63,313|40,791|40,791|
||----------------------------|----------------------------|----------------------------|----------------------------|
||68,314|68,314|53,051|53,051|
||============================|============================|============================|============================|
|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2023**|
|||£|£|**£**|
|Provision of accessible play and recreation activities||171,127|91,971|263,098|
|Support costs||1,320|–|1,320|
|||--------------------------------|----------------------------|--------------------------------|
|||172,447|91,971|264,418|
|||================================|============================|================================|
|||||Total Funds|
|||Unrestricted|Restricted|2022|
|||Funds|Funds|_Restated_|
|||£|£|£|
|Provision of accessible play and recreation activities||177,391|57,580|234,971|
|Support costs||1,200|–|1,200|
|||--------------------------------|----------------------------|--------------------------------|
|||178,591|57,580|236,171|
|||================================|============================|================================|
## **5. Charitable activities**
## **6. Expenditure on charitable activities by fund type**
**- 13 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **7. Expenditure on charitable activities by activity type**
|||Activities|||Total fund|
|---|---|---|---|---|---|
|||undertaken|Support|**Total funds**|2022|
|||directly|costs|**2023**|_Restated_|
|||£|£|**£**|£|
||Provision of accessible play and|||||
||recreation activities|263,098|–|263,098|234,971|
||Governance costs|–|1,320|1,320|1,200|
|||--------------------------------|-----------------------|--------------------------------|--------------------------------|
|||263,098|1,320|264,418|236,171|
|||================================|=======================|================================|================================|
|**8.**|**Analysis of support costs**|||||
||||Support||Total 2022|
||||costs|**Total 2023**|_Restated_|
||||£|**£**|£|
||Governance costs||1,320|1,320|1,200|
||||=======================|=======================|=======================|
|**9.**|**Net expenditure**|||||
||Net expenditure is stated after charging/(crediting):|||||
||||||2022|
|||||**2023**|_Restated_|
|||||**£**|£|
||Depreciation of tangible fixed assets|||18,485|21,498|
|||||============================|============================|
|**10.**|**Independent examination fees**|||||
||||||2022|
|||||**2023**|_Restated_|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial|statements||1,320|1,200|
|||||=======================|=======================|
|**11.**|**Staff costs**|||||
||The total staff costs and employee benefits for the reporting||period are analysed as||follows:|
||||||2022|
|||||**2023**|_Restated_|
|||||**£**|£|
||Wages and salaries|||143,839|116,479|
||Employer contributions to pension plans|||1,479|1,093|
|||||--------------------------------|--------------------------------|
|||||145,318|117,572|
|||||================================|================================|
The average head count of employees during the year was 21 (2022: 21).
**- 14 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **12. Trustee remuneration and expenses**
None of the trustees received any remuneration or benefits from the charity during the year (2022: £nil).
No expenses were reimbursed to trustees during the year (2022: £nil).
## **13. Tangible fixed assets**
|||||Toys and||
|---|---|---|---|---|---|
||Sensory toy|
Fixtures and|Computer|play||
||library|
fittings|equipment|equipment|**Total**|
||£|£|£|£|**£**|
|**Cost**||||||
|At 1 Jan 2023_(Restated)_|6,838|
40,574|1,964|32,699|82,075|
|Additions|1,373|
7,852|210|456|9,891|
||-----------------------|----------------------------|-----------------------|----------------------------|----------------------------|
|**At 31 Dec 2023**|8,211|
48,426|2,174|33,155|91,966|
||=======================|============================|=======================|============================|============================|
|**Depreciation**||||||
|At 1 Jan 2023_(Restated)_|1,453|
5,044|1,590|13,411|21,498|
|Charge for the year|1,717|
5,830|312|10,626|18,485|
||-----------------------|----------------------------|-----------------------|----------------------------|----------------------------|
|**At 31 Dec 2023**|3,170|
10,874|1,902|24,037|39,983|
||=======================|============================|=======================|============================|============================|
|**Carrying amount**||||||
|**At 31 Dec 2023**|5,041|
37,552|272|9,118|51,983|
||=======================|============================|=======================|============================|============================|
|At 31 Dec 2022_(Restated)_|5,385|
35,530|374|19,288|60,577|
||=======================|============================|=======================|============================|============================|
## **14. Debtors**
|||2022|
|---|---|---|
||**2023**|_Restated_|
||**£**|£|
|Trade debtors|1,650|1|
|Other debtors|–|1,319|
||-----------------------|-----------------------|
||1,650|1,320|
||=======================|=======================|
|**Creditors:** **amounts falling due within one year**|||
|||2022|
||**2023**|_Restated_|
||**£**|£|
|Trade creditors|–|14|
|Accruals and deferred income|1,680|1,200|
|Social security and other taxes|1,355|–|
|Net wages creditor|828|342|
|Pension creditor|288|196|
||-----------------------|-----------------------|
||4,151|1,752|
||=======================|=======================|
## **15. Creditors: amounts falling due within one year**
**- 15 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **16. Pensions and other post retirement benefits**
The company operates a defined contribution pension scheme and the pension charge of £1,479 (2022: £1,093) represents the amount payable by the company to the fund in respect of the year. At the balance sheet date there is an amount of £288 (2022: £196) outstanding to be paid.
## **17. Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
|||At||||**At**|
||1|Jan 2023|Income|Expenditure|Transfers|**31 Dec 2023**|
|||£|£|£|£|£|
|Unrestricted Fund|||||||
|account||117,319|117,224|(172,447)|9,459|71,555|
|||================================|================================|================================|=======================|============================|
|||At||||At|
||1|Jan 2022||||31 Dec 2022|
|||_Restated_|Income|Expenditure|Transfers|_Restated_|
|||£|£|£|£|£|
|Unrestricted Fund|||||||
|account||167,694|118,867|(178,591)|9,349|117,319|
|||================================|================================|================================|=======================|================================|
## **Transfers**
The transfers have arisen due to fixed assets being purchased from restricted income and so the funds have been transferred to unrestricted as the fixed assets are held for general use and not a restricted purpose.
**- 16 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **17. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
|**Restricted funds**|||||
|---|---|---|---|---|
||||Expenditure||
||At||(incl|**At**|
||1 Jan 2023|Income|Transfer)|**31 Dec 2023**|
||£|£|£|£|
|29thMay ASC|-|3,000|(3,000)|
-|
|Angela Gallagher Trust|1,000|-|(1,000)|
-|
|Baily Thomas|-|8,000|-|8,000|
|Big Lottery Grant|-|57,896|(34,575)|
23,321|
|Broome|1,155|-|(1,155)|
-|
|CCF Little Stars|5,826|-|(5,826)|
-|
|CWVA - UKSPF|-|1,000|(1,000)|
-|
|David Family Trust|3,000|-|(3,000)|
-|
|Dixie Findlay CT|-|3,000|(3,000)|
-|
|Dorothy Pamela Smith|-|1,000|(1,000)|
-|
|Garfield Weston|-|10,000|-|10,000|
|HAF Summer 23|-|2,422|(2,422)|
-|
|Haramead|5,000|-|(2,485)|
2,515|
|Louis Nicholas Residuary ASC|-|5,000|(1,108)|
3,892|
|M&S|-|11,598|(3,654)|
7,944|
|MBNA General Foundation|3,783|-|(3,783)|
-|
|Sir Jules Thorn Trust|-|2,500|-|2,500|
|Steve Morgan Foundation|5,352|4,629|(4,629)|
5,352|
|TNL Awards|-|10,000|(3,332)|
6,668|
|UKH|2,500|-|-|2,500|
|Ursula Keys|-|2,000|-|2,000|
|The Westminster Foundation|1,187|-|-|1,187|
|Westminster 2023-Weekend|-|7,500|(2,786)|
4,714|
|Zedra 2023|-|2,000|(2,000)|
-|
|Zochonis|3,854|5,000|(8,854)|
-|
|Other|9,178|4,898|(12,821)|
1,255|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||41,835|141,443|(101,430)|
81,848|
||================================|================================|================================|================================|
**- 17 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **17. Analysis of charitable funds** _**(continued)**_
## **Restricted funds**
|**Restricted funds**|||||
|---|---|---|---|---|
||At||Expenditure|At|
||1 Jan 2022||(incl|31 Dec 2022|
||_Restated_|Income|Transfer)|_Restated_|
||£|£|£|£|
|Angela Gallagher Trust|-|1,000|-|1,000|
|Ann Duchess Westminster|-|8,393|(8,393)|
-|
|Awards for All TNL|3,039|-|(3,039)|
-|
|Beatrice Lang|-|1,750|(1,750)|
-|
|Broome|3,000|-|(1,845)|
1,155|
|BSA|-|500|(500)|
-|
|Cheshire Community Foundation|4,858|-|(4,858)|
-|
|CCF Little Stars|-|8,436|(2,610)|
5,826|
|David Family Trust|-|3,000|-|3,000|
|Haramead|-|5,000|-|5,000|
|Hedley|-|1,742|(1,742)|
-|
|Helianthus|-|350|(350)|
-|
|MBNA General Foundation|6,719|-|(2,936)|
3,783|
|Neighbourly Virgin O2|10|-|(10)||
|Rycroft|-|1,000|(1,000)|
-|
|Steve Morgan Foundation|5,974|19,912|(20,534)|
5,352|
|Tesco Groundworks|44|-|(44)|
-|
|True Colours|539|-|(539)|
-|
|UKH|-|2,500|-|2,500|
|The Westminster Foundation|1,187|-|-|1,187|
|Williams Counselling|1,530|-|(1,530)|
-|
|Zochonis|-|5,000|(1,146)|
3,854|
|Other|1,299|21,982|(14,103)|
9,178|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||28,199|80,565|(66,929)|
41,835|
||================================|================================|================================|================================|
**- 18 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **17. Analysis of charitable funds** _**(continued)**_
The funds are restricted for the following purposes:-
29[th] May ASC - After school club costs Angela Gallagher Trust - After school club costs Baily Thomas - Weekend play session costs Big Lottery Grant - Operations manager salary Broome - Counselling costs CCF Little Stars - Little Stars project costs CWVA - UKSPF - Drama group costs David Family Trust - Counselling costs Dixie Findlay CT - Weekend play session costs Dorothy Pamela Smith - Art & craft resources Garfield Weston - Family play session costs HAF Summer 23 - Holiday activity club costs Haramead - Counselling costs Louis Nicholas Residuary ASC - After school club staffing costs M&S - Sensory room upgrade MBNA General Foundation - Sensory room equipment Sir Jules Thorn Trust - Little Stars project costs Steve Morgan Foundation - After school club staffing costs TNL Awards - Project coordinator salary UKH - Counselling costs Ursula Keys - Counselling costs The Westminster Foundation - Family play session staffing costs Westminster 2023-Weekend - Weekend play session salary costs Zedra 2023 - Weekend play session salary costs Zochonis - Family play session staffing costs
- Family play session staffing costs
- Weekend play session salary costs
- Weekend play session salary costs
## **18. Analysis of net assets between funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Tangible fixed assets|51,983|–|51,983|
|Current assets|23,723|81,848|105,571|
|Creditors less than 1 year|(4,151)|–|(4,151)|
||----------------------------|----------------------------|--------------------------------|
|**Net assets**|71,555|81,848|153,403|
||============================|============================|================================|
||||Total Funds|
||Unrestricted|Restricted|2022|
||Funds|Funds|_Restated_|
||£|£|£|
|Tangible fixed assets|60,577|–|60,577|
|Current assets|58,494|41,835|100,329|
|Creditors less than 1 year|(1,752)|–|(1,752)|
||--------------------------------|----------------------------|--------------------------------|
|**Net assets**|117,319|41,835|159,154|
||================================|============================|================================|
**- 19 -**
Docusign Envelope ID: 3E504F42-86E4-45CA-8CBA-FCF6168527A5
## **SPACE**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **19. Operating lease commitments**
The total future minimum lease payments under non-cancellable operating leases are as follows:
|||2022|
|---|---|---|
||**2023**|_Restated_|
||**£**|£|
|Not later than 1 year|20,000|20,000|
|Later than 1 year and not later than 5 years|75,000|80,000|
|Later than 5 years|–|15,000|
||----------------------------|--------------------------------|
||95,000|115,000|
||============================|================================|
The lease payments recognised as an expense during the year amounted to £20,000 (2022: £20,000).
## **20. Related parties**
Any connections between a trustee of the charity must be disclosed to the full board of trustees. No transactions with related parties were undertaken such as are required to be disclosed.
## **21. Transition to FRS 102**
The charity has previously prepared its financial statements under cash accounting basis. These are the first financial statements that comply with FRS 102, the charity transitioned to FRS 102 on 01 January 2022.
Due to the cash accounting basis being used in prior years, in order to comply with the requirements of FRS 102 a number of transitional adjustments were required to be made to the comparative figures:-
Fixed assets have been included at their deemed cost and depreciation applied.
Relevant balances in respect of trade debtors, trade creditors, accruals and other creditors have been included for the prior year.
**- 20 -**