**Charity Registration No. 284975**
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Chairperson**|Terry Williams|
|---|---|
|**Secretary**|Catherine Brundett|
|**Treasurer**|Jonathan Thulbon|
|**Parent Reps**|Sara Roberts|
||Catherine Brundett|
||Kim Lloyd|
|**Individual Members**|Elizabeth Mizen|
||Alison Monk|
||Sue Philips|
||Marilyn Smith|
|**Consultant Reps Advisory Capacity**|Sue Burrows|
|**Charity number**|284975|
|**Principal address**|Bowens Hill Road|
||Coleford|
||Gloucestershire|
||GL16 8DU|
|**Independent examiner**|Griffiths Marshall|
||Beaumont House|
||172 Southgate Street|
||Gloucester|
||GL1 2EZ|
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Statement of cash flows|6|
|Notes to the financial statements|7 - 18|
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **TRUSTEES REPORT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their annual report and financial statements for the year ended 31 March 2022.
Forest of Dean Children's Opportunity Centre is a registered charity (number 284975) governed by a declaration of Trust. The constitution was adopted on 31 March 1982 and amended in 1988, 1991, 2001 and 2013.
The principal office of the Charity is Bowens Hill Road, Coleford, Gloucestershire GL16 8DU.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution , the Charities Act 2011 and “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**
The trustees who served during the year were:
Chairperson Terry Williams Secretary Catherine Brundett Treasurer Jonathan Thulbon Parent Reps Sara Roberts Catherine Brundett Kim Lloyd Individual Members Elizabeth Mizen Alison Monk Sue Philips Marilyn Smith
Consultant Reps Advisory Capacity Sue Burrows
## **Objectives, Activities, Acheivements, Performance, Public Benefit**
The Forest of Dean Children’s Opportunity Centre provides a range of support services to all families w ith or without a SEN need from birth to the age of 7, and covers the whole of the Forest of Dean area, in furtherance of its charitable activities for the Public Benefit. The ethos of the centre is inclusive integration with generally a 50/50 mix of children with or without needs.
The services provided include family support, holiday activity play scheme, parent and toddler sessions, parent support groups, advice and guidance, early counselling and fully inclusive pre-school sessions.
The centre provides an informal meeting place for parents and those professionals involved in the care of the children.
It is the philosophy of the Charity that Children be integrated with their peers, regardless of their abilities and be able to play, learn and develop in an environment that is safe, welcoming, and stimulating.
- 1 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees have complied with their duty to have regard to the guidance on Public Benefit published by the Charity Commission in exercising their powers and duties , and have paid due regard to guidance issued by the charities commission in deciding what activities to undertake.
Activities included Holiday Playschemes, Family Days, Rising 3’s and pre school, nurture group, babies and Stay and Play. All these activities had waiting lists. Children progressed, and new children are accessing services.
## **Financial Review and Plans for Future Periods**
Funding for the following year is in the process of being secured. The trustees are confident that the charity will continue to provide the services needed by the families.
The Covid-19 crisis has had an impact on the Centre by means of financial, mental, health and well-being, parent support, and emotional impact. As a Centre a percentage of staff were able to work within government guidelines to support parents and children throughout via e-mail and on-line learning. Key worker and vulnerable children attended in 2 bubble groups to ensure minimum impact on their well-being and families. Fund raising events that could not go ahead have resulted in a loss of income for the Centre. Increase of PPE has seen a rise in costs for cleaning materials. Looking forward, fund raising events and grants will be sourced to accommodate these losses and increased costs.
## **Reserves Policy**
The trustees have no plans for significant changes in the levels of reserves, which are required to finance continued holding of the leasehold land and buildings and for the purpose of the restricted funds and designated funds described in note 6 to the accounts and to finance prudent provision for redundancy etc costs should the charity ever have to reduce in size or cease. The timing of any expenditure of the building contingency fund in the future is inherently uncertain.
## **Risks**
As most grants are usually made for one year only, income cannot be guaranteed. Fund holders may change their eligibility criteria and the Charity may no longer fall within the funder’s remit.
## **Significant Developments**
More families and children are accessing services at the Centre than ever before, so furthering the charity’s charitable activities for the Public Benefit.
More staff /volunteers have been employed for holiday activities thereby allowing the charity to take in more children.
## **Investment Powers**
All income is paid into an investment account and the bank automatically transfer funds to the current account when needed.
## **Recruitment and Appointment of New Trustees**
Attempts are made to recruit new trustees at the time of Annual General Meetings, and trustees are appointed by approval at Annual General Meetings.
The Trustees r eport was approved by the Board of Trustees.
## **Terry Williams**
Chairperson Dated: 7 July 2022
- 2 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
I report on the financial statements of the charity for the year ended 31 March 2022, which are set out on pages 4 to 18.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- (i) examine the financial statements under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
- have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Ian Price FCA Griffiths Marshall 20 Newerne Street Lydney GL15 5RA
Dated: 7 July 2022
- 3 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
176,802
-
Charitable activities
**4**
31,798
-
Investments
**5**
35
-
**Total income**
208,635
-
**Expenditure on:**
Raising funds
2,151
-
Charitable activities
**6**
236,433
3,823
**Total expenditure**
238,584
3,823
**Net expenditure for the year/**
**Net movement in funds**
(29,949)
(3,823)
Fund balances at 1 April 2021
328,553
19,214
**Fund balances at 31 March**
**2022**
298,604
15,391|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
176,802
178,835
-
31,798
16,522
-
35
1,320
-
208,635
196,677
-
2,151
-
-
240,256
227,403
3,823
242,407
227,403
3,823
(33,772)
(30,726)
(3,823)
347,767
359,279
23,037
313,995
328,553
19,214|**Total**
**2021**
**£**
178,835
16,522
1,320
196,677
-
231,226
231,226
(34,549)
382,316
347,767|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**13**
Unrestricted funds
Designated funds
**14**
General unrestricted funds|**2022**
**£**
2,259
105,254
107,513
(2,431)
146,512
152,092|**£**
208,913
105,082
313,995
15,391
298,604
313,995|**2021**
**£**
1,432
133,160
134,592
(3,315)
146,512
212,767|**£**
216,490
131,277
347,767
19,214
328,553
347,767|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 7 July 2022
Terry Williams **Trustee**
- 5 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Notes**
**Cash flows from operating activities**
Cash absorbed by operations
**17**
**Investing activities**
Purchase of tangible fixed assets
Interest received
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
(950)
35|**£**
(26,991)
(915)
-
(27,906)
133,160
105,254|**2021**
**£**
(2,134)
1,320|**£**
(27,315)
(814)
(28,129)
161,289
133,160|
|---|---|---|---|---|
- 6 -
**FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Company information**
Forest of Dean Children’s Opportunity Centre is a charitable trust, and is a Public Benefit Entity as defined by FRS102.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling , which is the functional currency of the charity .
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## **1.5 Resources expended**
- 7 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Resources expended are recognised in the period in which they are incurred on the accruals basis. Resources expended include attributable VAT which cannot be recovered.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 1% straight line basis Equipment 15% reducing balance basis Minibus 10% straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **Expensed Equipment**
Small items of equipment are charged to the statement of financial activities in full in the year they are bought, rather than being capitalised.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
**FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **3 Donations and legacies**
|Donations, gifts, transport payments
Grant income|**2022**
**£**
12,916
163,886
176,802|**2021**
**£**
13,564
165,271
178,835|
|---|---|---|
Of the grant income for the year ended 31 March 2022 £88,670 (2021 - £104,068) was from government bodies (local authorities and HM Revenue & Customs). In addition, fundraising income for the year ended 31 March 2022 includes £3,500 from a local authority.
- 10 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **4 Charitable activities**
||**Fundraising**|**Playscheme +**|**Playroom**|**Baby room**|**Total**|**Fundraising**|**Playscheme +**|**Playroom**|**Total**|
|---|---|---|---|---|---|---|---|---|---|
|||**Stay and Play**|||**2022**||**Stay and Play**||**2021**|
||**2022**|**2022**|**2022**|**2022**||**2021**|**2021**|**2021**||
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Sales within charitable activities|14,264|
8,227|1,860|7,447|31,798|316|
(4)|16,210|16,522|
- 11 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **5 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Interest receivable|35|1,320|
- 12 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Charitable activities**
|**Opportunity**
**Centre**
**Fundraising Playscheme**
**+ Baby**
**Room**
**Playroom**
**£**
**£**
**£**
**£**
Staff costs
189,748
-
-
-
Depreciation and impairment
5,024
-
-
-
Staff training
673
-
-
-
Insurance
4,962
-
-
-
Heat, light and water
3,982
-
-
-
Repairs and maintenance
4,290
-
-
-
Postage, office and computer
8,719
-
-
-
Telephone
3,670
-
-
-
Travel expenses
1,691
-
-
-
Subscriptions
611
-
-
-
Sundry
309
-
-
-
Advertising
-
600
-
-
Playscheme, baby room, etc purchases
-
-
1,013
-
Playroom purchases
-
-
-
1,783
Minibus expenses
-
-
-
-
223,679
600
1,013
1,783
Share of governance costs (see note 7)
6,897
-
-
-
230,576
600
1,013
1,783|**Minibus**
**£**
-
3,503
-
-
-
-
-
-
-
-
-
-
-
-
2,781
6,284
-
6,284|**Total**
**2022**
**£**
189,748
8,527
673
4,962
3,982
4,290
8,719
3,670
1,691
611
309
600
1,013
1,783
2,781
233,359
6,897
240,256|**Total**
**2021**
**£**
177,935
8,840
405
5,204
3,553
5,978
8,227
3,005
2,368
919
2,400
-
-
2,222
4,284
225,340
5,886
231,226|
|---|---|---|---|
- 13 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **6 Charitable activities**
**Analysis by fund** Unrestricted funds Restricted funds
**For the year ended 31 March 2021** Unrestricted funds Restricted funds
|230,256
320
230,576
220,897
320
221,217|600
-
600
-
-
-|1,013
-
1,013
-
-
-|1,783
-
1,783
2,222
-
2,222|2,781
3,503
6,284
4,284
3,503
7,787|**(Continued)**
236,433
3,823
240,256
227,403
3,823
231,226|
|---|---|---|---|---|---|
- 14 -
**FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent examiner
-
930
Legal and professional
-
5,791
Bank charges
-
176
-
6,897
Analysed between
Charitable activities
-
6,897|**2022**
**£**
930
5,791
176
6,897
6,897|**2021 Basis of allocation**
**£**
930 Governance
4,875 Governance
81 Governance
5,886
5,886|
|---|---|---|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits or expenses from the charity during the year.
## **9 Employees**
## **Number of employees**
The average number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
14
**2022**
**£**
181,773
5,042
2,933
189,748|**2021**
**Number**
16
**2021**
**£**
168,532
7,044
2,359
177,935|
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
- 15 -
## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**10**
**Tangible fixed assets**
**Leasehold**
**land and**
**buildings**
**Equipment**
**£**
**£**
**Cost**
At 1 April 2021
230,156
63,037
Additions
-
950
At 31 March 2022
230,156
63,987
**Depreciation and impairment**
At 1 April 2021
41,367
45,845
Depreciation charged in the year
2,302
2,722
At 31 March 2022
43,669
48,567
**Carrying amount**
At 31 March 2022
186,487
15,420
At 31 March 2021
188,789
17,192
**11**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Other taxation and social security
Accruals|**Minibus**
**£**
35,030
-
35,030
24,521
3,503
28,024
7,006
10,509
**2022**
**£**
2,159
100
2,259
**2022**
**£**
1,067
1,364
2,431|**Total**
**£**
328,223
950
329,173
111,733
8,527
120,260
208,913
216,490
**2021**
**£**
1,332
100
1,432
**2021**
**£**
1,744
1,571
3,315|
|---|---|---|
- 16 -
**FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **13 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||**Balance at**|**Resources**|**Balance at**|**Resources**|**Balance at**|
|---|---|---|---|---|---|
||**1 April 2020**|**expended**|**1 April 2021**|**expended**
**31**|**March 2022**|
||**£**|**£**|**£**|**£**|**£**|
|Minibus fund|13,982|(3,503)|10,479|(3,503)|6,976|
|Child Changing Area Project|7,255|(320)|6,935|(320)|6,615|
|Barnwood Trust|1,800|-|1,800|-|1,800|
||23,037|(3,823)|19,214|(3,823)|15,391|
Purposes of restricted funds:
Minibus Fund - To finance the purchase of a minibus.
Child Changing Area Project - To finance the child changing area refurbishment. Other Funds - To finance the expenditure for which the grants were given. Barnwood Trust - To finance a holiday playscheme.
## **14 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|Premises fund
120,975|-|-|-|
|---|---|---|---|
|Building contingency fund
25,537|-|-|-|
|Purposes of designated funds:||||
|Premises Fund - To set aside funds relating to the premises.||||
|Building Contingency - To set aside funds for building contingency||||
## **15 Analysis of net assets between funds**
|**Designated**
**funds**
**£**
Fund balances at 31 March 2022 are represented by:
Tangible assets
146,512
Current assets/(liabilities)
-
146,512|**General**
**funds**
**Restricted**
**funds**
**£**
**£**
48,810
13,591
103,282
1,800
152,092
15,391|**Total**
**£**
208,913
105,082
313,995|
|---|---|---|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none) .
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## **FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**17**|**Cash generated from operations**|**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
||Deficit for the year|(33,772)|(34,549)|
||Adjustments for:|||
||Investment income recognised in statement of financial activities|(35)|(1,320)|
||Depreciation and impairment of tangible fixed assets|8,527|8,840|
||Movements in working capital:|||
||(Increase)/decrease in debtors|(827)|2,551|
||(Decrease) in creditors|(884)|(2,837)|
||**Cash absorbed by operations**|(26,991)|(27,315)|
## **18 Analysis of changes in net funds**
The charity had no debt during the year.
- 18 -