**Eye Opportunity Group** ## **EYE OPPORTUNITY GROUP** Charity number 287907 ## **FINANCIAL STATEMENTS** FOR THE YEAR ENEDED 31 MARCH 2022 MARSH ACCOUNTANCY 67 GARDENERS ROAD DEBENHAM STOWMARKET SUFFOLK IP14 6RX ## **Eye Opportunity Group** ## **Index to the Financial Statements** ## **For the year ended 31 March 2022** ||**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 2022** The committee comprising the Trustees submits its report and the financial statements for the year ended 31[st] March 2022. ## **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 Suzanne Hilliard Bridget Hitchman – Treasurer Kelly Ronan Jane Bright - Secretary Kelly Roberts (appointed 25 November 2021) Eleanore Garwood Kim Giles (appointed 25 November 2021) Jane Scott Caroline Boama (appointed 01 February 2022) Anna Chambers ## **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. A deficit of receipts over payments of £1,972 (2021: excess £37,213) was realised for the year. At the year-end total funds were £62,006 (2021: £63,978). ## **Reserves Policy** The charity endeavours to maintain unrestricted reserves equating to £ 30,000 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 2022 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: 10 November 2022 Eye Opportunity Group ## **Statement of Financial Activities For the Year Ended 31 March 2022** |**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**
**2022**
**Total Funds**
**2021**
**£**
**£**
**£**
**£**
1,231 - 1,231 443
9,729 - 9,729 12,908
5 - 5 11
- - - 2,444
- 31,692 31,692 51,930
- 2,692 2,692 12,527| |---|---| ||**10,964 34,384 45,348 80,263**| ||3,156 34,384 37,540 31,184
495 - 495 401
150 - 150 56
- - - 76
1,011 - 1,011 699
185 - 185 375
1,472 - 1,472 1,557
2,050 - 2,050 1,333
731 - 731 740
458 - 458 -
302 - 302 43
648 - 648 802
309 - 309 4,901
300 - 300 300
700 - 700 288
970 - 970 295| ||**12,936 34,384 47,320 43,050**| ||- - - -
**( 1,972) -**
**( 1,972) 37,213**| ||( 1,972) -
( 1,972) 37,213
63,978 - 63,978 26,765| ||**62,006 - 62,006 63,978**| 3 Eye Opportunity Group ## **Balance Sheet As at 31 March 2022** |**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**
Approved by the trustees on ____________________________
Creditors: amounts falling due within one year|**Unrestricted**
**General**
**Designated**
**31 March 2022**
**31 March 2021**
**£**
**£**
**£**
**£**
6,144
- 6,144 - 368| |---|---| ||- - - -
6,279
- 6,279 14,158
50,106
- 50,106 50,101
76
- 76 22| ||56,462
- 56,462 64,282
600
- 600 672| ||55,862
- 55,862 64,954| ||| ||**62,006**
**- 62,006 64,586**| ||62,006
- 62,006 63,978
- - - -| ||**62,006**
**- 62,006 63,978**| ||________ and signed on its behalf by:| ## **Trustee** **Trustee** 4 Eye Opportunity Group ## **Notes to the Financial Statements For the Year Ended 31 March 2022** ## **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|**£**
**£**
37,540 31,184
495 401
**31 March 2022**
**31 March 2021**| |---|---| ||38,034 31,586| ||| ||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 2022** ## **3. Fixed Assets** |**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021|**Equipment**
**Total**
**£**
**£**
1,997 1,997
6,746 6,746| |---|---| ||8,744 8,744| ||1,630 1,630
970 970| ||2,600 2,600| ||| ||6,144 6,144| ||| ||368 368| ## **4. Debtors and prepayments** There were no debtors at 31 March 2022 (2021:£nil). ## **5. Creditors: amounts falling due within one year** |PAYE creditor
Accruals|**£**
**£**
093
600 300
**31 March 2021**
**31 March 2022**| |---|---| ||**600 393**| 6 Eye Opportunity Group **Notes to the Financial Statements (continued) For the Year Ended 31 March 2022** ## **6. Restricted funds** ||**Balance at 1**||||**Balance at 31**| |---|---|---|---|---|---| ||**April 21**|**Movements in**|**funds**|**Funds transfer**|**March 22**| |||**Incoming**|**Outgoing**||| ||**£**|**£**|**£**|**£**|**£**| |BBC Children in Need|-|
10,000|10,000|-|-| |Mid Suffolk District Council|-|
1,192|1,192|-|-| |SCCAPORS Activities Unlimited|-|
6,000|6,000|-|-| |Suffolk Community Foundation|-|
4,500|4,500|-|-| |St James Place|-|
10,000|10,000|-|-| |HMRC Furlough Scheme|-|
2,692|2,692|-|-| - 34,384 34,384 - - BBC Children in Need - funds provided for existing staff Mid Suffolk District Council - funds provided for existing staff Suffolk County Council - funds provided for existing staff Suffolk Community Foundation - funds provided for existing staff 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