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2023-02-28-accounts

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees and Unaudited Financial Statements for the Year Ended 28 February 2023

Kingshurst Caterpillars Playgroup

c/o Kingshurst Primary School School Close Kingshurst Birmingham B37 6BN

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Contents of the Financial Statements for the Year Ended 28 February 2023

Page
Contents of the Financial Statements 1
Report of the Trustees 2 - 7
Report of the Independent Examiners 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 19

1

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees for the Year Ended 28 February 2023

The trustees who present their report with the financial statements of the charity for the year ended 28 February 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 2015).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Kingshurst Caterpillars is a Charitable Incorporated Organisation (CIO) and is registered with the Charity Commission in England. The Charity was incorporated on 15th January 2021.

Organisational structure

The administration of the Trust is effected by the Trustees whom meet regularly. The board of Trustees implements and monitors matters of policy.

Trustee selection

New trustees may be nominated and appointed by current trustees by unanimous decision.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the CIO is to enhance the development and education of children aged two to four years old within Kingshurst and the surrounding areas, for the public benefit in particular by:

2

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees

for the Year Ended 28 February 2023

OBJECTIVES AND ACTIVITIES

Summary of activities undertaken

The main activity of our inclusive preschool playgroup is to provide care and an education as required by the Early Years Foundation Stage framework for up to forty children aged two- and three-years old in morning and afternoon sessions for five days a week during term time.

The manager and members of staff, who all have, or are required to achieve, childcare qualifications, plan activities weekly and daily that meet the development needs and interests of the children.

We use a key person approach to ensure that each child knows and is well-known by a member of staff who ensures that the well-being and development of each child in their group is constantly monitored and that planning meets their individual needs. Key workers liaise with parents and carers of children in their groups informally at the playgroup gate, through weekly two-way diaries, newsletters and formal meetings.

If children are identified as having additional needs, the staff member with Special Needs training and responsibility will also liaise with parents and appropriate outside agencies so that individual children’s developmental needs can be best met.

Financial resources are used to ensure that staff have ongoing training in essential areas such as safeguarding, health and safety and first aid and any other area of training that meets the needs of both children and staff. We listen to the views of parents, staff and children and to the advice of local authority advisors and professionals from outside agencies and use this feedback to inform our improvement work.

We have policies and procedures, which are reviewed annually covering such areas as safeguarding, health and safety, equal opportunities and security. We develop positive relationships with parents, carers and other members of the local community.

The Year in Review

In March 2022 thirty-nine children were attending playgroup, the largest number we had ever experienced at this time of the year. After Easter playgroup was full, with forty-four children enrolled and four on the waiting list. When the majority of these children progressed to the school nursery in September the numbers fell and by February 2023 playgroup was not quite three-quarters full. This appears to reflect a fall in the birth rate experienced throughout the Local Authority.

As in the previous year, these children were born when the Covid pandemic was restricting children’s experiences. Staff realised as they got to know and assess the children that their development too had been delayed as a result.

Speech and language development and children’s social development had suffered through lack of contact with other children and the outside world and their physical skills were delayed because children had been confined to their homes, most of them without gardens. Many of our families live in high-rise accommodation.

3

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees for the Year Ended 28 February 2023

OBJECTIVES AND ACTIVITIES

The Year in Review - continued

Planning and teaching have been focused on these three areas of development which are supported by a three-year grant from Children in Need which pays the salaries of two part-time members of staff. Generous staffing is the most effective way of supporting children’s progress. All staff have received further speech and language training and we continue to use online training for all members of staff in the absence of face-to-face courses.

Children in Need funding also pays the rent for our new and much appreciated purpose-built premises.

It was with great sadness that we received the news in December of the death of one of playgroup’s founding members and long-time Chair, Elaine Herbert, who had worked tirelessly from 2004 until 2022 on behalf of Kingshurst Caterpillars. Instead of flowers, those who attended her funeral were invited to make a donation to playgroup. The generous response has meant that much-needed equipment has been provided. We miss her greatly but her memory will live on.

ACHIEVEMENTS AND PERFORMANCE

Staff efforts meant that end of year assessments in July recorded good progress in children’s social and physical development. However, significant improvements in speech and language development were harder to achieve, which corresponded with Ofsted inspection findings of pre-school settings and early years departments in schools. It will be hard for children to recover from the months spent in lockdown.

Since February 2022, life has gradually begun to return to pre-Covid times. Children have been able to enjoy regular visits to Forest School, part of the school facilities, where getting wet and muddy is a joy for all. A grant from Waitrose Community Fund enabled us to buy more wellies and a wellie stand plus waterproof coveralls, crucial for Forest School visits. Visits to the public library in Kingshurst have also resumed where children enjoy sharing books with the librarians and our own Caterpillars library has re-opened so that children are able to borrow books daily to take home and share with their families. For children going on to school nursery, transition visits and shared events were possible for the first time since 2019.

Also resumed have been face-to-face meetings with parents and carers who have been delighted to visit the new premises. Parent consultation meetings with key workers re-started. Easter, End of Year and Christmas workshops and parties were enjoyed by children and their families in the local church hall and very successful open mornings and afternoons were held in playgroup to celebrate the Queen’s Platinum jubilee.

Our apprentice completed her Level 2 Childcare training with distinction in February. She will continue to work with us and go on to Level 3 which we will support financially as her apprenticeship is now completed. Local Authority advisory services have resumed and we had a visit and mini-inspection from our advisor which went well. Through that and training events, she has helped staff review their practice and hopefully they will be wellprepared when Ofsted arrive.

Colleges and schools have been slow to return to providing work experience and childcare students which we hope to pursue in the autumn term.

4

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees for the Year Ended 28 February 2023

ACHIEVEMENTS AND PERFORMANCE - continued

Contribution made by volunteers

All trustees give of their time and services voluntarily. Playgroup has always welcomed the help of parents and community volunteers and has greatly benefited from their support in the past.

Currently we are short of volunteers but hope in the summer term to encourage parents to come in and help. We continue to look for new trustees. It would be good to find a parent to join the board.

FINANCIAL REVIEW

Financial Overview

The charity received income amounting to £108,229 (2021-22: £137,337) during its first reporting period. This includes £82,334 (2021-22 £91,311) in childcare fees, £21,940 (2021-22: £43,496) in grants and £3,955 (202122: £2,530) in donations.

Expenditure for the year amounted to £114,802 (2021-22: £106,335). This included support costs amounting to £1,872 (2021-22: £2,580). Notable charitable activities expenditure includes £83,457 (2021-22: £77,556) on staffing, £4,843 (2021-22: £10,104) on children's resources and equipment and £13,875 (2021-22: £6,372) on rent and rates.

Reserves policy

The trustees have agreed to a policy to maintain an unrestricted reserves position of a minimum of 6 months unrestricted expenditure. Based on existing unrestricted reserves of £50,336 the trustees are satisfied that this has been achieved.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.

5

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees for the Year Ended 28 February 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1193128

Registered office

Kingshurst Caterpillars Playgroup c/o Kingshurst Primary School School Close Kingshurst Birmingham B37 6BN

Trustees

Helen Furniss (Acting Chair) Marion Dempsey (resigned 25 April 2023) Elizabeth Cobley (Treasurer) Kelly Hunter Doreen Lee Jane McNally Jean Johnson Zoe Hall (appointed 16 January 2023)

Accountants

SAB Accountancy Services Ltd 102 Hamstead Road Great Barr Birmingham B43 5BN

Independent Examiners

Samantha Jackson Pearl Accountancy Services Limited 61 Bridge Street Kington HR5 3DJ

Bankers

Co-operative Bank 1 Balloon Street Manchester M60 4EP

6

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Trustees for the Year Ended 28 February 2023

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practice).

In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are 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.

In so far as the trustees are aware:

Approved by order of the board of trustees on 15 September 2023 and signed on its behalf by:

Helen Furniss Trustee

7

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Report of the Independent Examiners for the Year Ended 28 February 2023

We report to the charity trustees on my examination of the accounts of the CIO for the year ended 28 February 2023 which are set out on pages' 9 to 19

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out our 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

We have completed our examination. We confirm that no material matters have come to my attention in connection with the examination giving us cause to believe that in any material respect:

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 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.

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

We 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.

Samantha Jackson

Pearl Accountancy Services Limited 61 Bridge Street Kington HR5 3DJ

27 October 2023

8

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Statement of Financial Activities

for the Year Ended 28 February 2023

2022/23
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
2
89,289
Total
89,289
EXPENDITURE ON
Charitable activities
Charitable activities
3
95,922
Total
95,922
NET INCOME
6,634
-
Transfer between funds
-
RECONCILIATION OF FUNDS
7
Total funds brought forward
53,258
TOTAL FUNDS CARRIED FORWARD
46,624		 2022/23
Restricted
funds
£
18,940
18,940
18,879
18,879
61
-
3,651
3,712		 2022/23
Total
funds
£
108,229
108,229
114,802
114,802
6,573
-
-
56,909
50,336		 2021/22
Total
funds
£
137,337
137,337
106,335
106,335
31,002
-
25,907
56,909

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

9

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Balance Sheet At 28 February 2023

2022/23
2022/23
Unrestricted Restricted
funds
funds
Notes
£
£
CURRENT ASSETS
Tangible Assets
6
1,465
-
CURRENT ASSETS
Cash at bank and in hand
53,892
3,712
Debtors
4
1,591
-
55,482
3,712
CREDITORS
Amounts falling due within one year
5
10,324
-
-
NET CURRENT ASSETS/(LIABILITIES)
45,158
3,712
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,624
3,712
NET ASSETS
46,624
3,712
FUNDS
7
Unrestricted funds
46,624
-
Restricted funds
-
3,712
46,624
3,712		 2022/23
Total
funds
£
1,465
57,603
1,591
59,194
10,324
-
48,870
50,336
50,336
46,624
3,712
50,336		 2021/22
Total
funds
£
2,932
28,834
25,862
54,696
718
-
53,977
56,909
56,909
53,258
3,651
56,909

The directors acknowledge their responsibilities with respect to the accounting records and the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year, under Section 144 of the Charities Act 2011 (the 2011 Act) - in accordance with section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report appears on page 8;

The financial statements were approved by the Board of Trustees on 15 September 2023 and were signed on its behalf by:

Helen Furniss Trustee

10

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable entity 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 Companies Act 2006. 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.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from trading activities includes income earned from fundraising events, trading activities and the charges of premises costs to tenants. Income is received in exchange for supplying goods and services, in order to raise funds and is recognised when entitlement has occurred.

Income from grants, whether 'capital' grant or 'revenue' grants, is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is usually upon notification of interest paid or payable by the Bank.

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 costs relating to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources. Expenditure is classified under the following activity headings:

Expenditure on charitable activities includes the direct costs of activities undertaken to further the purposes of the charity, including grants payable and all associated support costs.

Cost of raising funds comprises the costs of commercial trading.

11

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

1 ACCOUNTING POLICIES

Expenditure - continued

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs and administrative support costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 33.33% on cost

Individual fixed assets costing £350 or more are capitalised at cost.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable entity for UK corporation tax purposes.

12

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

1 ACCOUNTING POLICIES - continued

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.

A detailed summary of each fund, both restricted and unrestricted, is included in the notes to the financial statements on page 16.

Pensions costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charitable entity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Trustees remuneration and benefits

There were no trustees' remuneration or other benefits received for the year ended 28 February 2023, nor for the year ended 28 February 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2023, nor for the year ended 28 February 2022 with the exception of reasonable out of pocket expenses.

2 INCOME FROM CHARITABLE ACTIVITIES

Grants
Donations
Childcare Fees		 2022/23
£
21,940
3,955
82,334
108,229		 2021/22
£
43,496
2,530
91,311
137,337

3 EXPENDITURE ON CHARITABLE ACTIVITIES

Direct costs
Support costs		 2022/23
£
112,930
1,872
114,802		 2021/22
£
103,755
2,580
106,335

13

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

4 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued Income
Other Debtors
Prepayments
5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued Expenditure
Deferred Income
6 TANGIBLE FIXED ASSETS
Cost at 1 March 2022
Additions
Cost at 28 February 2023
Depreciation at 1 March 2022
Charge for the year
Depreciation at 28 February 2023
Net book value at 1 March 2022
Net book value at 28 February 2023		 2022/23
£
720
854
16
1,591
2022/23
£
5,718
4,606
10,324
Equipment
£
4,397
-
4,397
1,466
1,466
2,932
2,932
1,465		 2021/22
£
19,662
2,646
3,554
25,862
2021/22
£
718
-
718
Total
£
4,397
-
4,397
1,466
1,466
2,932
2,932
1,465

14

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

7 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Children In Need
Heart of England
Total Restricted Funds
TOTAL FUNDS		 At 01.03.22
£
53,258
3,212
439
3,651
56,909		 Net
movement
in funds
£
6,634
-
500
439
-
61
6,573
-		 Transfer
between
funds
£
-
-
-
-
-		 At 28.02.23
£
46,624
3,712
-
3,712
50,336

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Children In Need
Heart of England
Total Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
89,289
18,940
-
18,940
108,229		 Resources
expended
£
95,922
18,440
439
18,879
114,802		 Movement
in funds
£
6,634
-
500
439
-
61
6,573
-

15

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements

for the Year Ended 28 February 2023

7 MOVEMENT IN FUND - continued

General Fund - This relates to general unrestricted funds received including childcare fees, unconditional donations and grants and can be used in line with the charities objectives as Trustees deem appropriate.

Children In Need - We received financial support from Children In Need to cover the cost of employing two part time staff as well as our rent for a period of three years. Without this funding we simply would not be able to operate the playgroup.

Heart of England - Funding was awarded by Heart of England to help improve the IT infrastructure for the charity and it enabled us to purchase a laptop and printer during the pandemic which helped us to stay in touch with families and provide fun packs to give out to families if children were unable to attend. It also improved the diversity of our resources which now includes sensory resources for children with special needs and/or sensory needs.

8 RELATED PARTY TRANSACTIONS

There were no transactions with related parties for the year ended 28 February 2023 nor for the year ended 28 February 2022.

9 OPERATING LEASING AGREEMENTS

Minimum lease payments fall due as follows:
Within one year
Between two and five years
STAFF COSTS AND ASSOCIATED EXPENSES
Wages and salaries
Social security costs
Pension costs
The average number of employees during the year was as follows:
Full Time
Part Time
No employee received emoluments in excess of £60,000		 2022/23
£
4,500
3,000
7,500
2022/23
£
82,071
-
1,386
83,457
2022/23
1
8
9		 2021/22
£
4,500
7,500
12,000
2021/22
£
77,454
-
102
77,556
2021/22
1
7
8

10[STAFF COSTS AND ASSOCIATED EXPENSES]

The Charity considers its key management personnel comprise of the Trustees. Trustees receive no remuneration or other benefits from the charity for their Trustee duties.

16

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2022

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Total income
EXPENDITURE ON
Charitable activities
Total expenditure
Net movement in funds
Transfer between funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Un-
restricted
funds
£
93,841
93,841
66,490
66,490
27,351
-
25,907
53,258		 Restricted
funds
£
43,496
43,496
39,845
39,845
3,651
-
-
3,651		 2021-22
Total
funds
£
137,337
137,337
106,335
106,335
31,002
-
25,907
56,909

17

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

12 COMPARATIVE BALANCE SHEET FOR THE YEAR ENDED 28 FEBRUARY 2022

2022/23
2022/23
Unrestricted Restricted
funds
funds
£
£
CURRENT ASSETS
Tangible Assets
2,932
-
CURRENT ASSETS
Cash at bank and in hand
25,183
3,651
Debtors
25,862
-
51,045
3,651
CREDITORS
Amounts falling due within one year
718
-
-
NET CURRENT ASSETS/(LIABILITIES)
50,327
3,651
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,258
3,651
NET ASSETS
53,258
3,651
FUNDS
Unrestricted funds
53,258
-
Restricted funds
-
3,651
53,258
3,651		 2022/23
Total
funds
£
2,932
28,834
25,862
54,695
718
-
53,977
56,909
56,909
53,258
3,651
56,909

18

REGISTERED CHARITY NUMBER: 1193128

Kingshurst Caterpillars CIO

Notes to the Financial Statements for the Year Ended 28 February 2023

13 COMPARATIVE MOVEMENT IN FUNDS FOR THE YEAR ENDED 28 FEBRUARY 2022

Unrestricted funds
General fund
Restricted funds
Children In Need
Heart of England
Social Enterprise Grant
Total Restricted Funds
TOTAL FUNDS		 At 15.01.21
£
25,907
-
-
-
-
25,907		 Net
movement
in funds
£
27,351
3,212
439
-
3,651
31,002		 Transfer
between
funds
£
-
-
-
-
-
-		 At 28.02.22
£
53,258
3,212
439
-
3,651
56,909

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Children In Need
Heart of England
Social Enterprise Grant
Total Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
93,841
18,100
5,092
20,304
43,496
137,337		 Resources
expended
£
66,490
14,888
4,653
20,304
39,845
106,335		 Movement
in funds
£
27,351
3,212
439
-
3,651
31,002

19