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2025-03-31-accounts

Charity registration number 284975 (England and Wales)

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

E Mizen Sue Burrows N Acland

J Warren B Gaget D Oversby

(Appointed 17 September 2024) (Appointed 1 November 2024)

Charity number (England and Wales) 284975

Principal address

Bowens Hill Road Coleford Gloucestershire GL16 8DU

Independent examiner

Griffiths Marshall 20 Newerne Street Lydney Gloucestershire GL15 5RA

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 - 17

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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)”

Objectives and activities

The Forest of Dean Children’s Opportunity Centre provides a range of support services to all families with or without a SEN need from birth to the age of 5, 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, parent and toddler sessions, parent support groups, advice and guidance, early counselling and fully inclusive early years provision from birth.

Public benefit

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.

Achievements and performance

Significant activities and achievements against objectives

Financial review

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.

We continue to monitor our expenditure as costs are still rising and limit the impact where possible. Fundraising events have taken place throughout the year, and we continue to apply for grants, however competition for funding is still high.

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.

Major risks

Risks

The main risk faced by the charity is uncertainty around grant funding. As most grants are usually made for one year only so income cannot be guaranteed. Fund holders may change their eligibility criteria and the Charity may no longer fall within the funder’s remit.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

Significant Development

Following the changes to government funding we have seen an increase in the number of children attending the centre. This has meant that we have not needed to reduce staffing hours as we have in the past as children move on to other settings. Further changes to government funding in September 2025 may give rise to a higher demand for places over the coming year.

Investment Powers

All income is paid into an investment account and funds are transferred over to the current account when required.

Structure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were: E Mizen Sue Burrows M Smith (Resigned 1 February 2025) N Acland (Appointed 17 September 2024) J Warren (Appointed 1 November 2024) B Gaget D Oversby C Brundrett (Resigned 24 September 2024) S Phillips (Resigned 24 September 2024) D Boseley (Resigned 25 November 2024) J Burton (Resigned 24 September 2024)

Recruitment and appointment of trustees

Recruitment and Appointment of New Trustees

New trustees are appointed by the existing trustees following an assessment of need and skill set and the agreement of the majority of the Board.

The Trustees report was approved by the Board of Trustees.

N Acland Chairperson

25 July 2025

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

I report to the trustees on my examination of the financial statements of Forest of Dean Childrens Opportunity Centre (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Insitute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

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 financial statements to be reached.

Stephen Humphries Griffiths Marshall 20 Newerne Street Lydney Gloucestershire GL15 5RA 25 July 2025

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
232,040
-
Charitable activities
4
45,923
-
Investments
5
1,148
-
Total income
279,111
-
Expenditure on:
Raising funds
44
-
Charitable activities
6
305,291
320
Total expenditure
305,335
320
Net expenditure and
movement in funds
(26,224)
(320)
Reconciliation of funds:
Fund balances at 1 April 2024
319,572
5,975
Fund balances at 31 March
2025
293,348
5,655		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
232,040
182,872
-
45,923
32,765
-
1,148
1,253
-
279,111
216,890
-
44
1,014
-
305,611
263,826
3,793
305,655
264,840
3,793
(26,544)
(47,950)
(3,793)
325,547
367,522
9,768
299,003
319,572
5,975		 Total
2024
£
182,872
32,765
1,253
216,890
1,014
267,619
268,633
(51,743)
377,290
325,547

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds - general
16
Designated funds
16		 2025
£
654
110,548
111,202
(5,093)		 £
192,894
106,109
299,003
5,655
72,348
221,000
299,003		 2024
£
1,861
131,167
133,028
(5,028)		 £
197,547
128,000
325,547
5,975
98,572
221,000
325,547

The financial statements were approved by the trustees on 25 July 2025

N Acland Chairperson

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash absorbed by operations
20
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from/(used in) investing
activities
Net cash generated from 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		 2025
£
-
1,148		 £
(21,768)
1,148
1
(20,619)
131,167
110,548		 2024
£
(4,009)
1,253		 £
(42,213)
(2,756)
-
(44,969)
176,136
131,167

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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" 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)". 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.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors 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.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Resources expended

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.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 payments 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.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

Donations, gifts, transport payments
Grant and general income		 2025
£
13,519
218,521
232,040		 2024
£
9,653
173,219
182,872

Of the grant and general income for the year ended 31 March 2025 £208,656 (2024 - £139,554) was from government bodies (local authorities etc.).

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising income 16,150 7,748
Stay and Play - 709
Playroom 12,774 15,237
Baby Room 16,999 9,071
45,923 32,765
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,148 1,253

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Charitable activities

Opportunity
Centre
Fundraising Playscheme
+ Baby
Room
Playroom
£
£
£
£
Staff costs
242,614
-
-
-
Depreciation and impairment
4,652
-
-
-
Staff training
633
-
-
-
Insurance
5,469
-
-
-
Heat, light and water
563
-
-
-
Repairs and maintenance
6,365
-
-
-
Postage, office and computer
10,373
-
-
-
Telephone
3,189
-
-
-
Cleaners and cleaning materials
6,305
-
-
-
Travel expenses
1,367
-
-
-
Subscriptions
1,352
-
-
-
Sundry
669
-
-
-
Advertising and gifts
-
1,021
-
-
Playscheme, baby room, etc purchases
-
-
240
-
Playroom purchases
-
-
-
5,702
Minibus expenses
-
-
-
-
283,551
1,021
240
5,702
Share of governance costs (see note 7)
13,942
-
-
-
297,493
1,021
240
5,702		 Minibus
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,155
1,155
-
1,155		 Total
2025
£
242,614
4,652
633
5,469
563
6,365
10,373
3,189
6,305
1,367
1,352
669
1,021
240
5,702
1,155
291,669
13,942
305,611		 Total
2024
£
191,138
8,570
1,841
5,136
1,140
16,019
13,887
3,116
4,859
1,481
1,123
1,419
562
512
4,540
1,358
256,701
10,918
267,619

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Charitable activities
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2024
Unrestricted funds
Restricted funds		 297,173
320
297,493
256,824
320
257,144		 1,021
-
1,021
562
-
562		 240
-
240
512
-
512		 5,702
-
5,702
4,540
-
4,540		 1,155
-
1,155
1,388
3,473
4,861		 (Continued)
305,291
320
305,611
263,826
3,793
267,619		 (Continued)
305,291
320
305,611
263,826
3,793
267,619
267,619

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Support costs

Support
costs
Governance
costs
2025
£
£
£
Independent examiner
-
1,200
1,200
Legal and professional
-
12,627
12,627
Bank charges
-
115
115
-
13,942
13,942
Analysed between
Charitable activities
-
13,942
13,942
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2024 Basis of allocation
£
1,080 Governance
9,663 Governance
175 Governance
10,918
10,918
2025
2024
£
£
1,200
1,080
4,652
8,570

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits or expenses from the charity during the year.

10 Employees

Number of employees

The average number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
15
2025
£
230,344
8,072
4,198
242,614		 2024
Number
11
2024
£
182,819
4,947
3,372
191,138

There were no employees whose annual remuneration was £60,000 or more.

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Leasehold
land and
buildings
Equipment
£
£
Cost
At 1 April 2024
230,156
69,539
At 31 March 2025
230,156
69,539
Depreciation and impairment
At 1 April 2024
48,273
53,876
Depreciation charged in the year
2,302
2,350
At 31 March 2025
50,575
56,226
Carrying amount
At 31 March 2025
179,581
13,313
At 31 March 2024
181,883
15,664
13
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other taxation and social security
Accruals		 Minibus
£
35,030
35,030
35,030
-
35,030
-
-
2025
£
554
100
654
2025
£
2,887
2,206
5,093		 Total
£
334,725
334,725
137,179
4,652
141,831
192,894
197,547
2024
£
1,761
100
1,861
2024
£
2,945
2,083
5,028

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Resources At 31 March
2024 expended 2025
£ £ £
2,182 (320) 1,862
Minibus fund 3,473 - 3,473
Child Changing Area Project 320 - 320
5,975 (320) 5,655
Previous year: At 1 April Resources At 31 March
2023 expended 2024
£ £ £
Minibus fund 3,473 (3,473) -
Child Changing Area Project 6,295 (320) 5,975
9,768 (3,793) 5,975

Purposes of restricted funds: Minibus Fund - To reflect the depreciation of a minibus.

Child Changing Area Project - To reflect the depreciation of the former child changing area refurbishment. Barnwood Trust - To finance a holiday playscheme.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Building Reserve 140,000 - - - 140,000
Redundancy Reserve 21,000 - - - 21,000
Staffing Reserve 60,000 - - - 60,000
General funds 98,572 279,111 (305,335) - 72,348
319,572 279,111 (305,335) - 293,348

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Unrestricted funds (Continued)
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Building Reserve 146,512 - - (6,512) 140,000
Redundancy Reserve - - - 21,000 21,000
Staffing Reserve - - - 60,000 60,000
General funds 221,010 216,890 (264,840) (74,488) 98,572
367,522 216,890 (264,840) - 319,572

Purposes of designated funds:)

Building Reserve - (including former Premises Fund and Building Contingency) to designate funds for possible future repairs including drainage and for possible future building expenditure.

Redundancy Reserve - to designate funds in case of future expenditure on staff redundancy costs.

Staffing Reserve - to designate funds to cover the costs of unfunded additional staff to meet the charitable aims and ensure that the centre can remain supportive of parents whose children are unable to commit to regular hours.

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
187,239
5,655
Current assets/(liabilities)
106,109
-
293,348
5,655
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
191,572
5,975
Current assets/(liabilities)
128,000
-
319,572
5,975		 Total
2025
£
192,894
106,109
299,003
Total
2024
£
197,547
128,000
325,547

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

FOREST OF DEAN CHILDRENS OPPORTUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

19 Analysis of changes in net funds

The charity had no material debt during the year.

20 Cash generated from operations 2025 2024
£ £
Deficit for the year (26,544) (51,743)
Adjustments for:
Investment income recognised in statement of financial activities (1,148) (1,253)
Depreciation and impairment of tangible fixed assets 4,652 8,570
Movements in working capital:
Decrease in debtors 1,207 396
Increase in creditors 65 1,817
Cash absorbed by operations (21,768) (42,213)