**Eye Opportunity Group**
## **EYE OPPORTUNITY GROUP**
Charity number 287907
## **FINANCIAL STATEMENTS**
FOR THE YEAR ENEDED 31 MARCH 2021
MARSH ACCOUNTANCY 67 GARDENERS ROAD DEBENHAM STOWMARKET SUFFOLK IP14 6RX
## **Eye Opportunity Group**
## **Index to the Financial Statements**
## **For the year ended 31 March 2021**
||**Page**|
|---|---|
|Trustees Annual Report|1|
|Independent Examiner’s Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes|5 – 7|
## **Eye Opportunity Group**
## **Trustees Annual Report For the year ended 31 March 2021**
The committee comprising the Trustees submits its report and the financial statements for the year ended 31[st] March 2021.
## **Governance**
The charity is registered by the Charity Commission for England and Wales, registration number 287907. The charity’s objects and rules are as set out in its Constitution adopted 12[th] November 2009 having previously been adopted in June 1983, as amended 5[th] September 1983, 5[th] December 1990, 7[th] November 2002, 5[th] August 2003.
The committee meets regularly to review and oversee the charity’s policy management and statutory and financial business. It comprises the principal officers (Chairman, Secretary and Treasurer) and no less than 4 and no more than 9 other members. The committee has power to co-opt up to 3 further members with special knowledge, experience or interest appropriate to the charity’s aims and objectives. No officers may be elected for a sixth consecutive year in the same post.
The members and officers of the committee during the year were:
Jayne Stansfeld - Chair Kelly Ronan – Secretary (stepped down 14/01/21) Anna Chambers Jane Bright - Secretary (appointed 14/01/21) Rosie Mack Bridget Hitchman – Treasurer Suzanne Hilliard Jane Helen Scott Sarah Buckley (resigned 14/01/2021) Sandra Barker Kerry Baker Ewen (appointed 14/01/2021) Joanne Durrant
## **Charitable Aims and Objectives**
The group is established to provide safe and satisfying group play for the advancement of education and development of children. It provides a supportive environment for children with additional needs and their families. The group also provides a day care setting and offers support to families and carers in the local community and surrounding areas.
## **Financial Statements**
The financial statements are drawn up in accordance with the charity’s constitution and all statutory requirements. An excess of receipts over payments of £37,213 (2020: deficit £1,116) was realised for the year. At the year-end total funds were £63,978 (2020: £26,765).
## **Reserves Policy**
The charity endeavours to maintain unrestricted reserves equating to £ 25,000 to cover the cost of closing the charity should this situation arise or relocating to a new site. This reserve includes funds for statutory redundancy and notice payments for staff.
Approved by the committee and sign on its behalf by
Chairman Treasurer Date: Date:
**1**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report on the accounts of the Eye Opportunity Group for the year ended 31 March 2021 which are set out on pages 3-4.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 114 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
## It is my responsibility to:
- Examine the financial statements under section 145 of the Charities Act;
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and
- 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 Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations for you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s statement**
In connection with my examination, no matter has come to my attention:
- Which gives reasonable cause to believe that in any material respect the requirements `o` To keep accounting records in accordance with Section 130 of the Charities Act and
- To prepare accounts which accord with the accounting records and
- To comply with the accounting requirements of the Charities Act
have not been met, or
- To which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
Rachel Marsh FMAAT Marsh Accountancy 67 Gardeners Road Debenham Suffolk IP14 6RX
Date: 27 August 2021
Eye Opportunity Group
## **Statement of Financial Activities For the Year Ended 31 March 2021**
|**Notes**
**Incoming Resources**
Activities for generating funds
Fundraising & donations
Investment income
Gift Aid funding
Government COVID grants
**Total incoming resources**
**Resources Expended**
Salaries
**2**
Employers Pension contributions
Postage & stationery
Activities, trips & outings
Heat & light
Training & subscriptions
Toys & equipment
Rent & Rates
Repairs & maintenance
Insurance
Refreshments
Telephone & broadband
General Running Costs
Independent Examiner’s Fee
Payroll fees
Depreciation
**3**
**Total resources expended**
Insurance claim
**Net incoming/outing resources**
Net movement in funds
Total funds brought forward
**Total funds carried forward**
**6**
Incoming resources from generated funds;
Incoming resources from grants and funding|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2021**
**Total Funds**
**2020**
**£**
**£**
**£**
**£**
443 - 443 1,587
12,908 - 12,908 14,694
11 - 11 43
2,444 - 2,444 68
26,680 25,250 51,930 24,187
- 12,527 12,527 -|
|---|---|
||**42,486 37,777 80,263 40,579**|
||- 31,184 31,184 34,144
- 401 401 192
- 56 56 106
- 76 76 143
- 699 699 908
- 375 375 140
1,235 322 1,557 149
- 1,333 1,333 2,165
531 209 740 2,423
- - - 911
- 43 43 384
- 802 802 1,039
2,625 2,276 4,901 511
300 - 300 300
288 - 288 347
295 - 295 358|
||**5,273 37,777 43,050 44,220**|
||- - -
( 2,525)
**37,213**
-**37,213**
**( 1,116)**|
||37,213 - 37,213
( 1,116)
26,765 - 26,765 27,881|
||**63,978 - 63,978 26,765**|
3
Eye Opportunity Group
## **Balance Sheet As at 31 March 2021**
|**Notes**
**Fixed Assets**
**3**
Equipment
**Current Assets**
**4**
Debtors and prepayments
**Cash at bank and in hand:**
Bank current account
Bank Base Rate Tracker account
Cash in hand
**Current liabilities**
**5**
Net current assets
Total net assets
Unrestricted funds
Restricted funds
**6**
Creditors: amounts falling due within one year|**Unrestricted**
**General**
**Designated**
**31 March 2021**
**31 March 2020**
**£**
**£**
**£**
**£**
368
- 368 454|
|---|---|
||- - - -
14,158
- 14,158 4,578
50,101
- 50,101 22,090
23
- 23 35|
||64,283
- 64,283 26,703
672
- 672 393|
||63,610
- 63,610 26,311|
|||
||**63,978**
**- 63,978 26,765**|
||63,978
- 63,978 26,765
- - - -|
||**63,978**
**- 63,978 26,765**|
Approved by the trustees on ____________________________________ and signed on its behalf by:
**Trustee Trustee**
4
Eye Opportunity Group
## **Notes to the Financial Statements For the year ended 31 March 2021**
## **1. Accounting policies**
## **Accounting convention**
These accounts have been prepared under the historic cost convention and in accordance with the Financial Reporting standard for Smaller Entities (effective April 2009). In preparing the financial statements the charity follow best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) used in March 2005.
## **Grants, donations and fundraising**
Income is received by way of grants, donations and fundraising activities, which are included in full in the statement of financial activities as soon as the charity has entitlement to the income, there is certainty of receipt and the amount is quantifiable.
## **Investment income**
Bank interest is included in the statement of financial activities as it becomes due.
## **Resources expended**
All expenditure; including the purchase of toys and equipment, is included in the statement of financial activities, as soon as the obligation arises.
## **Funds**
The charity maintains various types of funds as follows:
_Unrestricted funds_ represent unrestricted income which is expendable at the discretion of the trustees in furtherance of the objectives of the charity.
_Restricted funds_ represent donations and grants received which are allocated by the donor for a specific purpose.
## **Fixed assets**
The depreciation rates used are as follows:
Equipment 20% straight line method.
## **2. Staff emoluments**
|Salaries
Employers Pension Contributions
Average number of full time equivalent
employees|**£**
**£**
31,184 34,144
401 192
**31 March 2021**
**31 March 2020**|
|---|---|
||31,586 34,336|
|||
||7
7|
No employee earned more than £60,000 in the year. No remuneration or expenses were paid to trustees in the year.
5
Eye Opportunity Group
## **Notes to the Financial Statements (continued) For the year ended 31 March 2021**
## **3. Fixed Assets**
|**Cost**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
At 31 March 2020|**Equipment**
**Total**
**£**
**£**
1,788 1,788
209 209|
|---|---|
||1,997 1,997|
||1,334 1,334
295 295|
||1,630 1,630|
|||
||368 368|
|||
||454 454|
## **4. Debtors and prepayments**
There were no debtors at 31 March 2021 (2020:£nil).
## **5. Creditors: amounts falling due within one year**
|PAYE creditor
Accruals|**£**
**£**
72 93
600 300
**31 March 2020**
**31 March 2021**|
|---|---|
||**672 393**|
6
Eye Opportunity Group
**Notes to the Financial Statements (continued) For the year ended 31 March 2021**
## **6. Restricted funds**
BBC Children in Need Mid Suffolk District Council SCCAPORS Activities Unlimited Suffolk Community Foundation Suffolk Community Foundation HMRC Furlough Scheme
|**Balance at 1**||||**Balance at 31**|
|---|---|---|---|---|
|**April 20**|**Movements in**|**funds**|**Funds transfer**|**March 21**|
||**Incoming**|**Outgoing**|||
|**£**|**£**|**£**|**£**|**£**|
|-|
2,500|2,500|-|-|
|-|
1,750|1,750|-|-|
|-|
6,000|6,000|-|-|
|-|
10,000|10,000|-|-|
|-|
5,000|5,000|-|-|
|-|
12,527|12,527|-|-|
- 37,777 37,777 - -
BBC Children in Need
- funds provided for existing staff
Mid Suffolk District Council
- for general
Suffolk County Council
- for general running and staff costs together with security camera
Suffolk Community Foundation
- for general running costs and staff costs
HMRC Furlough Scheme
- Government COVID grant scheme for existing staff costs
## **7. Taxation**
The playgroup is a registered charity and does not trade for tax purposes. It is not liable to corporation tax on its surplus.
7