REGISTERED CHARITY NUMBER: 1180659
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023
FOR
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
T Perkins Accountancy 25 Grosvenor Road Wrexham LL11 1BT
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1180659
Principal address
All Saints School School Hill Gresford Wrexham LL12 8RW
Trustees
J M MacDonald A J Lewis Accountant (appointed 1.9.22) J Roberts (appointed 1.9.22) S Roden Retired (appointed 1.9.22) S Evans (appointed 1.9.22) R Hatwood Headmaster (appointed 1.9.22)
Independent Examiner
T Perkins Accountancy 25 Grosvenor Road Wrexham LL11 1BT
Approved by order of the board of trustees on 31st August 2024 and signed on its behalf by:
R Hatwood - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
Independent examiner's report to the trustees of Gresford Governors' Clubs and Playgroup
I report to the charity trustees on my examination of the accounts of Gresford Governors' Clubs and Playgroup (the Trust) for the year ended 31st August 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tracy Perkins
T Perkins Accountancy 25 Grosvenor Road Wrexham LL11 1BT
31st August 2024
Page 2
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 27,971 Charitable activities Nursery 249,814 Investment income 2 211 Total 277,996 EXPENDITURE ON Charitable activities All Saints School 4,773 Nursery 236,048 Other 2,291 Total 243,112 NET INCOME 34,884 RECONCILIATION OF FUNDS Total funds brought forward 27,157 TOTAL FUNDS CARRIED FORWARD 62,041 |
Restricted fund £ 45,844 - - 45,844 - - - - 45,844 - 45,844 |
31.8.23 Total funds £ 73,815 249,814 211 323,840 4,773 236,048 2,291 243,112 80,728 27,157 107,885 |
31.8.22 Total funds £ 16,632 70,811 - |
|---|---|---|---|
| 87,443 | |||
| - 76,616 - |
|||
| 76,616 | |||
| 10,827 16,330 |
|||
| 27,157 |
The notes form part of these financial statements
Page 3
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
BALANCE SHEET
31ST AUGUST 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 17,304 CURRENT ASSETS Cash at bank 47,707 CREDITORS Amounts falling due within one year 6 (2,970) NET CURRENT ASSETS 44,737 TOTAL ASSETS LESS CURRENT LIABILITIES 62,041 NET ASSETS 62,041 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 30,571 15,273 - 15,273 45,844 45,844 |
31.8.23 Total funds £ 47,875 62,980 (2,970) 60,010 107,885 107,885 62,041 45,844 107,885 |
31.8.22 Total funds £ - 27,157 - |
|---|---|---|---|
| 27,157 | |||
| 27,157 | |||
| 27,157 | |||
| 27,157 - |
|||
| 27,157 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31st August 2024 and were signed on its behalf by:
R Hatwood - Trustee
A J Lewis - Trustee
The notes form part of these financial statements
Page 4
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost Plant and machinery - 20% on cost Computer equipment - 33% on cost and over periods up to 25 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Bank account interest | 211 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,632 - Charitable activities Nursery 70,811 - Total 87,443 - EXPENDITURE ON Charitable activities Nursery 76,616 - NET INCOME 10,827 - RECONCILIATION OF FUNDS Total funds brought forward 16,330 - TOTAL FUNDS CARRIED FORWARD 27,157 - |
Total funds £ 16,632 70,811 |
|---|---|
| 87,443 | |
| 76,616 | |
| 10,827 16,330 |
|
| 27,157 |
Page 6
continued...
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Improvements | ||||
| to | Plant and | Computer | ||
| property | machinery | equipment | Totals | |
| £ | £ | £ | £ | |
| COST | ||||
| Additions | 30,571 | 6,948 | 11,751 | 49,270 |
| DEPRECIATION | ||||
| Charge for year | - | 598 | 797 | 1,395 |
| NET BOOK VALUE | ||||
| At 31st August 2023 | 30,571 | 6,350 | 10,954 | 47,875 |
| At 31st August 2022 | - | - | - | - |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.8.23 | 31.8.22 | |||
| £ | £ | |||
| Taxation and social security | 2,250 | - | ||
| Other creditors | 720 | - | ||
| 2,970 | - |
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
At 1.9.22 £ 27,157 - 27,157 Incoming resources £ 277,996 45,844 323,840 |
Net movement At in funds 31.8.23 £ £ 34,884 62,041 45,844 45,844 80,728 107,885 Resources Movement expended in funds £ £ (243,112) 34,884 - 45,844 (243,112) 80,728 |
Net movement At in funds 31.8.23 £ £ 34,884 62,041 45,844 45,844 80,728 107,885 Resources Movement expended in funds £ £ (243,112) 34,884 - 45,844 (243,112) 80,728 |
|---|---|---|---|
| 80,728 |
continued...
Page 7
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.9.21 | in funds | 31.8.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 16,330 |
10,827 | 27,157 |
| TOTAL FUNDS 16,330 |
10,827 | 27,157 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 87,443 |
(76,616) | 10,827 |
| TOTAL FUNDS 87,443 |
(76,616) | 10,827 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.21 | in funds | 31.8.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 16,330 | 45,711 | 62,041 | |
| Restricted funds | ||||
| Restricted | - | 45,844 | 45,844 | |
| TOTAL FUNDS | 16,330 | 91,555 | 107,885 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 365,439 45,844 411,283 |
Resources Movement expended in funds £ £ (319,728) 45,711 - 45,844 (319,728) 91,555 |
Resources Movement expended in funds £ £ (319,728) 45,711 - 45,844 (319,728) 91,555 |
|---|---|---|---|
| 91,555 |
continued...
Page 8
GRESFORD GOVERNORS' CLUBS AND PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2023.
Page 9