**REGISTERED CHARITY NUMBER: 1189799**
## **Report of the Trustees and**
## **Unaudited Financial Statements for the Year Ended 31 May 2024**
## **for**
## **CHIPS - Guildford**
WHITTINGTONS Chartered Accountants
1 High Street Guildford Surrey GU2 4HP
**CHIPS - Guildford**
## **Contents of the Financial Statements for the Year Ended 31 May 2024**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Notes to the Financial Statements**|9|to|17|
|**Detailed Statement of Financial Activities**||18||
**CHIPS - Guildford**
**Reference and Administrative Details for the Year Ended 31 May 2024**
|**TRUSTEES**|C Bunting|
|---|---|
||F White|
||J McShane|
|**PRINCIPAL ADDRESS**|8 Mildway Terrace|
||Hartley Witney|
||Hampshire|
||RG27 8PN|
|**REGISTERED CHARITY NUMBER**|1189799|
|**INDEPENDENT EXAMINER**|WHITTINGTONS|
||Chartered Accountants|
||1 High Street|
||Guildford|
||Surrey|
||GU2 4HP|
|**BANKERS**|CAF Bank|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
||HSBC Bank PLC|
||PO Box 160|
||12A North Street|
||Guildford|
||Surrey|
||GU1 4AF|
Page 1
**CHIPS - Guildford**
## **Report of the Trustees for the Year Ended 31 May 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of CHIPS Guildford are to provide and promote quality holiday play provision for children whose parents need help and assistance, and to establish a safe, fun and stimulating play environment with a varied programme of activities.
## **Objects for the Year**
It is always useful to reflect upon our five charitable objectives as we conclude our activity for this financial year.
1. To provide high quality play opportunities for out-of-school care in a safe stimulating environment in the care of suitable qualified staff during the school holidays
2. To carry out all the objectives and activities, within an equal opportunities policy. giving consideration to social and economic circumstances, ethnic and cultural origins, and awareness of physical, sensory or mental disability and without racial stereotyping
3. To advance the education and training of persons in the provision of these facilities
4. To raise funds and apply for, invite, obtain, collect and receive contributions.
5. To ensure the playscheme meets the needs of the community and involves local people where possible at all stages.
Page 2
**CHIPS - Guildford**
## **Report of the Trustees for the Year Ended 31 May 2024**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
During the 2024 school Easter and summer holidays, we delivered our welcoming and inclusive playscheme for 324 disadvantaged children aged 5-11 years-old from Ash, Stoke and Westborough. Up to 120 children participated during every week of delivery with around half joining us through referral by their school, social services or through our community relationships at no cost to their home. These children are the most vulnerable within our community, requiring additional support and oversight during the school holidays. Most will have learning, emotional and/or behavioural issues and/or be in receipt of benefits-related free school meals and unable to access childcare and respite elsewhere due to their needs. We employ skilled playworkers (many of whom are teachers or teaching assistants at local schools) to support all the children to have an unforgettable holiday experience and to improve their self-esteem, increase their emotional well-being and develop their physical health.
We live in a wealthy borough, yet we have disadvantaged children arriving at our project with very few, if any, other viable and inclusive options for holiday play and respite. The pandemic, followed by the rising increases to the cost of living, have only added to the challenges experienced by their families.
We've worked closely with Home School Link Workers, SENCOs and pastoral support within our network of 17 North Guildford and 5 Ash schools to identify and engage children in receipt of benefits-related FSM, children with SEN and those identified as vulnerable i.e Young Carers, Care experienced, from marginalised groups including our Traveller community, to ensure that they could access our provision at no-cost to their home.
As always, the outcomes achieved by the children have been outstanding. These have included their improved physical health through participation in active play, sports and access to good nutrition; better social skills developed through participation in engaging creative, social and physical activities; and increased confidence and resilience around exploring new ideas and taking part in new activities.
Importantly, within our delivery the children control their own play activity with our skilled playworkers supporting them to determine their personal goals offering encouragement where appropriate. This enriches the children's experience, and they drive their positive change with full ownership of their outcomes. This encourages children to fully engage in activities and to have fun, without uncertainty or fear ensuring they can relax and thrive away from often chaotic homes with caring responsibilities for younger siblings or in some cases, parents. Every day that the children attended they were also offered a free, cooked, nutritious two-course lunch giving them the energy to fully take part in activities and addressing the food poverty exacerbated over school holidays.
I borrow an insight from some of our evaluation forms completed by the families of the children joining us to explain how we achieved our objectives this last year.
"The CHIPS Team and the Leadership have obviously put a lot of thought and huge effort into these sessions. Y has benefitted very much from what she says has been 'the kindness ' shown to her. Y also mentioned to me, and it obviously impressed her, the care and attention to the other children attending. 'They really helped a little boy who had Diabetes.' Y, who recently lost her daddy very suddenly, is very affected and the respect and kindness and interest shown by all helping at CHIPS has made Y very happy this Easter. The Leaders and participants have done a wonderful job."
A parent told us "I'm super chuffed to bits…you seem to be the only organisation who has ever understood what is going on with (him)." H was a much happier little boy at the end of the summer, able to better handle his big emotions. Financially, the Charity remains in good health with the help of a funding strategy that changed focus to adapt to the impact of the pandemic on our families most impacted. The funding strategy continues to focus on a mixed approach with a great deal of work focusing on a three-year plan with a range of smaller bids to support in year operational delivery with an added incentive to meet funding criteria reset to meet the needs of the pandemic hit community. My unreserved gratitude to Bright-Eyed Consultancy for the leadership and support in this integral part of the Charity's business planning.
I always count my blessings on the basis that the CHIPS team and family are incredible and through their work; the committee, its officers, staff and volunteers don't just make the magic happen every year, but they make it look so easy. Thank you.
I am incredibly grateful for the tireless contribution of our administrator who ensures that we all remain on track. Our project co-ordinators who are sadly leaving us this year after many years of amazing leadership; delivered wonderful and wide-ranging schemes full of activities for our visiting children that would make any playscheme envious. Thanks also to our valued treasurer for making sure we remain financially compliant and able to perform our charitable responsibilities.
And finally, I cannot sign off without once again praising all our valued supporters and funders for their ongoing belief in CHIPS.
Page 3
**CHIPS - Guildford**
## **Report of the Trustees for the Year Ended 31 May 2024**
## **FINANCIAL REVIEW Financial position Results for the Year**
The net incoming resources for the year amounted to £49,601 (2023: £2,112 outgoing). Incoming resources consisted of grants received amounting to £128,458 (2023: £69,629), fundraising income of £0 (2023: £1,872) and interest receivable on cash deposits of £1,007 (2023: £259). Resources expended amounted to £89,762 (2023: £82,159) with £32,003 (2023: £31,728) being incurred on Charitable activities, notably £57,759 (2023: £50,431) for staff costs. The assets comprise solely of the Charity's cash balances, held predominantly at CAF bank.
## **Reserves policy**
The total figure for Unrestricted Funds was £ 29,328 (2023: £8,081). It is the Committee's policy to maintain sufficient reserves for the prudent support of the charity's activities, especially as funding becomes more difficult.
## **Committee's Responsibilities**
The Committee is required under the Constitution of the charity to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, the committee members should follow best practice and:
" select suitable accounting policies and then apply them consistently;
" make suitable judgements and estimates that are reasonable and prudent;
" state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Committee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the Financial Statements comply with the Charities Act 2011. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
CHIPS Guildford is a Registered Charity (No. 1189799). It was set up under a scheme of the Charity Commission dated 1st June 2020.
## **Recruitment and appointment of new trustees**
The charity trustees are known as members of the Management Committee. Due to the nature of the Charity, which focuses upon young people and the community in which they live, the structure of the Management Committee seeks to ensure that their needs are appropriately reflected through the diversity of the trustee body and the wider committee members.
To achieve this the members are made up of representatives from parents, elected members of the local Borough and County Council, and volunteer helpers.
All members of the Management Committee give their time voluntarily and receive no benefits from the charity.
## **Risk management**
The Committee of Management meet regularly to consider the major risks to which the Charity is exposed, in particular, those related to Child Protection and the operations and finances of the Charity. The Charity is satisfied that systems are in place to mitigate their exposure to major risk.
Page 4
**CHIPS - Guildford**
## **Report of the Trustees for the Year Ended 31 May 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Management Arrangements**
CHIPS Charity Voluntary Committee manages the scheme and employs qualified and experienced early years and play worker staff. The setting is registered on the Early Years Registers and both the compulsory and voluntary parts of the Childcare Register.
Committee Members
C Bunting F White J McShane H Coulson Gemma Luxton Nicky Cronin Dr H Monteiro C Stredder H Chambers T Pointon S Muncey
Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by:
C Bunting - Trustee
Page 5
## **Independent Examiner's Report to the Trustees of CHIPS - Guildford**
## **Independent examiner's report to the trustees of CHIPS - Guildford**
I report to the charity trustees on my examination of the accounts of CHIPS - Guildford (the Trust) for the year ended 31 May 2024.
## **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**
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 Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Joseph
WHITTINGTONS Chartered Accountants 1 High Street Guildford Surrey GU2 4HP
28 March 2025
Page 6
## **CHIPS - Guildford**
## **Statement of Financial Activities for the Year Ended 31 May 2024**
|**31.5.24**
Unrestricted
Restricted
**Total**
funds
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**68,302**
**70,054**
**138,356**
Other trading activities
2
**-**
**-**
**-**
Investment income
3
**1,007**
**-**
**1,007**
**Total**
**69,309**
**70,054**
**139,363**
**EXPENDITURE ON**
Raising funds
4
**71,262**
**18,500**
**89,762**
**NET INCOME/(EXPENDITURE)**
**(1,953)**
**51,554**
**49,601**
**Transfers between funds**
10
**23,200**
**(23,200)**
**-**
**Net movement in funds**
**21,247**
**28,354**
**49,601**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**8,081**
**41,700**
**49,781**
**TOTAL FUNDS CARRIED FORWARD**
**29,328**
**70,054**
**99,382**|31.5.23
Total
funds
£
77,916
1,872
259
80,047
82,159
(2,112)
-
(2,112)
51,893
49,781|
|---|---|
The notes form part of these financial statements
Page 7
## **CHIPS - Guildford**
## **Balance Sheet 31 May 2024**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
8
**20**
**-**
**CURRENT ASSETS**
Cash at bank
**31,215**
**70,054**
**CREDITORS**
Amounts falling due within one year
9
**(1,907)**
**-**
**NET CURRENT ASSETS**
**29,308**
**70,054**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**29,328**
**70,054**
**NET ASSETS**
**29,328**
**70,054**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**31.5.24**
**Total**
**funds**
**£**
**20**
**101,269**
**(1,907)**
**99,362**
**99,382**
**99,382**
**29,328**
**70,054**
**99,382**|31.5.23
Total
funds
£
66
51,961
(2,246)
49,715
49,781
49,781
8,081
41,700
49,781|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2025 and were signed on its behalf by:
C Bunting - Trustee
The notes form part of these financial statements
Page 8
**CHIPS - Guildford**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **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.
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||**31.5.24**|31.5.23|
||**£**|£|
|Fundraising events|**-**|1,872|
|**INVESTMENT INCOME**|||
||**31.5.24**|31.5.23|
||**£**|£|
|Deposit account interest|**1,007**|259|
Page 9
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **4. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**|||
|---|---|---|
||**31.5.24**|31.5.23|
||**£**|£|
|Support costs|**89,762**|81,319|
|**Investment management costs**|||
||**31.5.24**|31.5.23|
||**£**|£|
|Support costs|**-**|840|
|Aggregate amounts|**89,762**|82,159|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **7.**
|Youth worker
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
59,416
Other trading activities
1,872
Investment income
259
**Total**
61,547
**EXPENDITURE ON**
Raising funds
82,159
**NET INCOME/(EXPENDITURE)**
(20,612)
**RECONCILIATION OF FUNDS**
Total funds brought forward
28,693
**TOTAL FUNDS CARRIED FORWARD**
8,081|**31.5.24**
**26**
Restricted
funds
£
18,500
-
-
18,500
-
18,500
23,200
41,700|31.5.23
1
Total
funds
£
77,916
1,872
259
80,047
82,159
(2,112)
51,893
49,781|
|---|---|---|
||||
Page 10
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
|**8.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
|||Fixtures||||
|||and|Computer|||
|||fittings|equipment||Totals|
|||£|£||£|
||**COST**|||||
||At 1 June 2023 and 31 May 2024|**40**||**432**|**472**|
||**DEPRECIATION**|||||
||At 1 June 2023|**10**||**396**|**406**|
||Charge for year|**10**||**36**|**46**|
||At 31 May 2024|**20**||**432**|**452**|
||**NET BOOK VALUE**|||||
||At 31 May 2024|**20**||**-**|**20**|
||At 31 May 2023|30||36|66|
|**9.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||**31.5.24**||31.5.23|
||||**£**||£|
||Trade creditors|||**899**|1,400|
||Other creditors||**1,008**||846|
||||**1,907**||2,246|
Page 11
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **10. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.6.23|in funds|funds|31.5.24|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|**4,772**|**(60,342)**|**54,190**|**(1,380)**|
|Surrey CC|**3,309**|**17,435**|**(11,251)**|**9,493**|
|Guildford BC|**-**|**500**|**-**|**500**|
|National Lottery|**-**|**10,000**|**-**|**10,000**|
|BBC Children in Need|**-**|**3,000**|**-**|**3,000**|
|Garfield Weston|**-**|**2,000**|**(2,000)**|**-**|
|The Four Barrows Foundation|**-**|**462**|**-**|**462**|
|Surrey CC Club4 HAF|||||
||**-**|**23,492**|**(17,739)**|**5,753**|
|Guildford Poyle|||||
||**-**|**1,500**|**-**|**1,500**|
||**8,081**|**(1,953)**|**23,200**|**29,328**|
|**Restricted funds**|||||
|St Faiths Grant|**2,400**|**3,000**|**(2,400)**|**3,000**|
|Monica Rabagliati Charitable Trust|**-**|**3,000**|**-**|**3,000**|
|Guildford Poyle Charities|**12,000**|**-**|**(6,000)**|**6,000**|
|The Magdalen Hospital Trust|**1,600**|**-**|**(1,600)**|**-**|
|Shanly Foundation|**5,000**|**(3,000)**|**(2,000)**|**-**|
|Surrey CC|**2,400**|**32,445**|**(2,400)**|**32,445**|
|Sanofi|**1,600**|**-**|**(1,600)**|**-**|
|Guildford BC|**800**|**-**|**(800)**|**-**|
|Astolat Lodge Freemasons|**4,000**|**-**|**(4,000)**|**-**|
|Bloss Family Foundation|**800**|**1,000**|**(800)**|**1,000**|
|F Wilde - Zedra Trust|**1,600**|**-**|**(1,600)**|**-**|
|Betty Riseley|**2,400**|**(2,400)**|**-**|**-**|
|Surrey Community Foundation|**5,600**|**(5,600)**|**-**|**-**|
|Tongham Parish Council|**500**|**(500)**|**-**|**-**|
|UK Groundwork|**1,000**|**(1,000)**|**-**|**-**|
|The Irving Memorial Trust|||||
||**-**|**2,000**|**-**|**2,000**|
|Hedley Grant|||||
||**-**|**2,109**|**-**|**2,109**|
|BBC Children in Need|||||
||**-**|**12,000**|**-**|**12,000**|
|The Four Barrows Foundation|||||
||**-**|**2,000**|**-**|**2,000**|
|Surrey CC J McShane|||||
||**-**|**1,000**|**-**|**1,000**|
|Garfield Weston|||||
||**-**|**5,500**|**-**|**5,500**|
||**41,700**|**51,554**|**(23,200)**|**70,054**|
|**TOTAL FUNDS**|**49,781**|**49,601**|**-**|**99,382**|
Page 12
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Surrey CC
Guildford BC
National Lottery
BBC Children in Need
Garfield Weston
The Four Barrows Foundation
Surrey CC Club4 HAF
Guildford Poyle
**Restricted funds**
St Faiths Grant
Monica Rabagliati Charitable Trust
Guildford Poyle Charities
Shanly Foundation
Surrey CC
Bloss Family Foundation
Betty Riseley
Surrey Community Foundation
Tongham Parish Council
UK Groundwork
The Irving Memorial Trust
Hedley Grant
BBC Children in Need
The Four Barrows Foundation
Surrey CC J McShane
Garfield Weston
**TOTAL FUNDS**|Incoming
resources
£
**10,905**
**17,450**
**500**
**10,000**
**3,000**
**2,000**
**462**
**23,492**
**1,500**
**69,309**
**3,000**
**3,000**
**6,000**
**-**
**32,445**
**1,000**
**-**
**-**
**-**
**-**
**2,000**
**2,109**
**12,000**
**2,000**
**1,000**
**5,500**
**70,054**
**139,363**|Resources
Movement
expended
in funds
£
£
**(71,247)**
**(60,342)**
**(15)**
**17,435**
**-**
**500**
**-**
**10,000**
**-**
**3,000**
**-**
**2,000**
**-**
**462**
**-**
**23,492**
**-**
**1,500**
**(71,262)**
**(1,953)**
**-**
**3,000**
**-**
**3,000**
**(6,000)**
**-**
**(3,000)**
**(3,000)**
**-**
**32,445**
**-**
**1,000**
**(2,400)**
**(2,400)**
**(5,600)**
**(5,600)**
**(500)**
**(500)**
**(1,000)**
**(1,000)**
**-**
**2,000**
**-**
**2,109**
**-**
**12,000**
**-**
**2,000**
**-**
**1,000**
**-**
**5,500**
**(18,500)**
**51,554**
**(89,762)**
**49,601**|
|---|---|---|
Page 13
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.6.22|in funds|31.5.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|17,442|(18,670)|(1,228)|
|Surrey CC|11,251|(1,942)|9,309|
||28,693|(20,612)|8,081|
|**Restricted funds**||||
|St Faiths Grant|2,400|-|2,400|
|Guildford Poyle Charities|6,000|6,000|12,000|
|The Magdalen Hospital Trust|1,600|-|1,600|
|Shanly Foundation|2,000|3,000|5,000|
|Surrey CC|2,400|-|2,400|
|Sanofi|1,600|-|1,600|
|Guildford BC|800|-|800|
|Astolat Lodge Freemasons|4,000|-|4,000|
|Bloss Family Foundation|800|-|800|
|F Wilde - Zedra Trust|1,600|-|1,600|
|Betty Riseley|-|2,400|2,400|
|Surrey Community Foundation|-|5,600|5,600|
|Tongham Parish Council|-|500|500|
|UK Groundwork|-|1,000|1,000|
||23,200|18,500|41,700|
|**TOTAL FUNDS**|51,893|(2,112)|49,781|
|Comparative net movement in funds, included in|the above are as follows:|||
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|60,027|(78,697)|(18,670)|
|Surrey CC|1,520|(3,462)|(1,942)|
||61,547|(82,159)|(20,612)|
|**Restricted funds**||||
|Guildford Poyle Charities|6,000|-|6,000|
|Shanly Foundation|3,000|-|3,000|
|Betty Riseley|2,400|-|2,400|
|Surrey Community Foundation|5,600|-|5,600|
|Tongham Parish Council|500|-|500|
|UK Groundwork|1,000|-|1,000|
||18,500|-|18,500|
|**TOTAL FUNDS**|80,047|(82,159)|(2,112)|
Page 14
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.6.22|in funds|funds|31.5.24|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|17,442|(79,012)|54,190|(7,380)|
|Surrey CC|11,251|15,493|(11,251)|15,493|
|Guildford BC|-|500|-|500|
|National Lottery|-|10,000|-|10,000|
|BBC Children in Need|-|3,000|-|3,000|
|Garfield Weston|-|2,000|(2,000)|-|
|The Four Barrows Foundation|-|462|-|462|
|Surrey CC Club4 HAF|||||
||-|23,492|(17,739)|5,753|
|Guildford Poyle|||||
||-|1,500|-|1,500|
||28,693|(22,565)|23,200|29,328|
|**Restricted funds**|||||
|St Faiths Grant|2,400|3,000|(2,400)|3,000|
|Monica Rabagliati Charitable Trust|-|3,000|-|3,000|
|Guildford Poyle Charities|6,000|6,000|(6,000)|6,000|
|The Magdalen Hospital Trust|1,600|-|(1,600)|-|
|Shanly Foundation|2,000|-|(2,000)|-|
|Surrey CC|2,400|32,445|(2,400)|32,445|
|Sanofi|1,600|-|(1,600)|-|
|Guildford BC|800|-|(800)|-|
|Astolat Lodge Freemasons|4,000|-|(4,000)|-|
|Bloss Family Foundation|800|1,000|(800)|1,000|
|F Wilde - Zedra Trust|1,600|-|(1,600)|-|
|The Irving Memorial Trust|||||
||-|2,000|-|2,000|
|Hedley Grant|||||
||-|2,109|-|2,109|
|BBC Children in Need|||||
||-|12,000|-|12,000|
|The Four Barrows Foundation|||||
||-|2,000|-|2,000|
|Surrey CC J McShane|||||
||-|1,000|-|1,000|
|Garfield Weston|||||
||-|5,500|-|5,500|
||23,200|70,054|(23,200)|70,054|
|**TOTAL FUNDS**|51,893|47,489|-|99,382|
Page 15
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **10. MOVEMENT IN FUNDS - continued**
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
Surrey CC
Guildford BC
National Lottery
BBC Children in Need
Garfield Weston
The Four Barrows Foundation
Surrey CC Club4 HAF
Guildford Poyle
**Restricted funds**
St Faiths Grant
Monica Rabagliati Charitable Trust
Guildford Poyle Charities
Shanly Foundation
Surrey CC
Bloss Family Foundation
Betty Riseley
Surrey Community Foundation
Tongham Parish Council
UK Groundwork
The Irving Memorial Trust
Hedley Grant
BBC Children in Need
The Four Barrows Foundation
Surrey CC J McShane
Garfield Weston
**TOTAL FUNDS**|Incoming
resources
£
70,932
18,970
500
10,000
3,000
2,000
462
23,492
1,500
130,856
3,000
3,000
12,000
3,000
32,445
1,000
2,400
5,600
500
1,000
2,000
2,109
12,000
2,000
1,000
5,500
88,554
219,410|Resources
Movement
expended
in funds
£
£
(149,944)
(79,012)
(3,477)
15,493
-
500
-
10,000
-
3,000
-
2,000
-
462
-
23,492
-
1,500
(153,421)
(22,565)
-
3,000
-
3,000
(6,000)
6,000
(3,000)
-
-
32,445
-
1,000
(2,400)
-
(5,600)
-
(500)
-
(1,000)
-
-
2,000
-
2,109
-
12,000
-
2,000
-
1,000
-
5,500
(18,500)
70,054
(171,921)
47,489|
|---|---|---|
Page 16
continued...
**CHIPS - Guildford**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2024**
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2024.
Page 17
**CHIPS - Guildford**
## **Detailed Statement of Financial Activities for the Year Ended 31 May 2024**
||31.5.24|31.5.23|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|**1**|(1)|
|Donations|**963**|158|
|Grants|**128,458**|69,629|
|Playschool rules|**8,934**|8,130|
||**138,356**|77,916|
|**Other trading activities**|||
|Fundraising events|**-**|1,872|
|**Investment income**|||
|Deposit account interest|**1,007**|259|
|**Total incoming resources**|**139,363**|80,047|
|**EXPENDITURE**|||
|**Support costs**|||
|**Management**|||
|Wages|**57,759**|50,431|
|Insurance|**463**|413|
|Consumables|**1,640**|1,647|
|Equipment|**929**|813|
|Office costs|**949**|884|
|Arts|**694**|1,183|
||**62,434**|55,371|
|**Finance**|||
|Bank charges|**75**|126|
|**Other**|||
|Premises|**10,172**|8,340|
|Activity|**9,498**|11,682|
|Fixtures and fittings|**10**|10|
|Computer equipment|**36**|108|
||**19,716**|20,140|
|**Other 2**|||
|Consultant|**6,595**|5,682|
|**Governance costs**|||
|Auditors' remuneration for non audit work|**942**|840|
|Total resources expended|**89,762**|82,159|
|**Net income/(expenditure)**|**49,601**|(2,112)|
This page does not form part of the statutory financial statements
Page 18