mailes Goldie THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY REGISTRATION NUMBER 700832 SmailLJs Goldie Group is a trading nome of Smoiles Goldie Selby Limlted. ICAEW CHARTERED ACCOUNTANTS THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE CONTENTS Pag• La9al and 8dmlni8trall¥• information TN8lee¥ report StateThnl of trustees responsibilitie8 Independgnt 8xamlnerf8 report stateff￿nt of financtal actlirylies Statement of fina￿481 p08itknn Not¢s to finandal statements 7-13 THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION E Stretton L Howry (ChaiTFerson) C Jo￿￿tt H Ttynpknn¥on T MaddiBon A Wlkinson J Prenti¢e TWllam$ K Marshall ITre88urer) E MoranwRu5h I Pearnon (Reslgned 29Awl 2024) IRes1w￿￿ 8A￿1 2024) (Resj'gned 20 Octcthr 2023) (R9$￿ned 21 Ayust 2023) (Reslgned 5 Febnwry 2024) IResigned 19 May 2024) (Appolnted 6 November 2023 8￿j Te5igned 14 NDvembgr 2023) IRe5W 14 oct0k￿r 2023) poilted 18 Septernber 2023) H Fgvrdter E (Se¢xetwy) Charlty numb•r 700832 Prfnclpal •ddr• Londgsbwh Grove Thoryje Wlloughby Y08 9MX Indop•nd•n¢ oxamln•r Russell Smllh FCA Smalle8 Goldie Chartered Acuuntants 21k24 Park Street Selby Y08 4PW BAnk•rn Unlty 8ank P Four BrirKlhy Place Blmingham 812JB rgin M 46 Coney Street York Y01 9NQ THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 T￿ tru8tee$ pre¥ent Ihelr annual report And flnancml statements for the year ended 31 Mart* 2024. The fnandal 8tstemenls have been prepared In aecordan¢e a¢(xHJnllng polirye¥ set out In note 1 to Ihe flnonclal stateTh￿ntS and cIMpIy Vlith the charitys governing document, tha Charitse8 Act 2011 aThJ "Accounting and Reporting by Charitie8'. Statement of Re&)mmended Practice applicable lo charille$ preparing Ihelr accounts fft accordance wlth the FSnancial Reporting Starwjard Bpplicablg In UK a￿1 Republic of Ireland IFRS 102)" (effectwe 1 Jarwary 20191. The legal and adminlslratNe Information page fom18 part ofth15 repJrL ObJo¢tlvM and activltlg¥ The thartys objectives are lo., 1) Pmmote child￿￿.¥ care and safety 2) pron￿ chlldrgn's education and parental InvoSveTrw 3) PTQrnOte children's health and ￿pIlbe1n9 41 Prowde servlces lo Support Ihgm, thelr famllles and carers 51 E￿￿0Y the ￿rTed staff 6) Organl8e fiJThJralslng actlvllle8 Wthin the local Corn￿ to dlreclly ber*fit thlldw and famlll88 U81ng the centre. The Irustee5 con)Irm that they have refrrred lo the guldance contained In Ihe Charfty Comml8Bloner'8 general guldarK* on wblic benefit when rev1￿n9 the charity's aim5 and oblectlves. A¢hl•vgTh?nts and pgrfornianc• The cAntre is the busl951 ¥￿ have ever seen, the nun*gTS are great after s¢hocl dub5 and hollday dub8 are neaty fill ￿ day. The 2 year old funding has come Into pla¢e and the 2 year old bulldlng18 bu8y. The centre h88 been reviewng everylhlng Ihls year and ￿ have all poll￿,5 and wocalure8 In placa. We ha¥e a manager and deputy Manager In place and some new slaff mgmbern. rhe deputy manager h88 since 5tsrtlng her role d(Th a full Wih arwj safety U)u￿e. staff are very enlhusia$ll¢ and the thlldren are thri¥iThJ ¥￿thin the ￿ttIng. had a few fundraising events, ob81ade c(Xff8e. scareuow evenL Christmas play arKI many planned for the next y8ar. FlnanclAI rnvl•w Total In(*me wa¥ £231.99012023'. £208,826). Total expgndlture wa8 £231,783 {2023'. £208.1011 rg¥ulting In a profil Iw the year d £207 12023: £725). Unrestrfcted funds at the year end vrnrfj £44,385 (2023: £44,158) and restrfctod funds were nll (2023.. nill. Re4ervg5 arg hekl to enable unforeseen payments aml b1118 to be paid. and to allow periodic investmgnl In equIpff￿1, faalrtm and ¥taff training. The trustoes have determlned that £16.00018 to be h81d In re8em8 vthlch18 met ty the unreslricied fund5 held In Ihg Charlty. There￿18 £39,403 (2023.. £38,312) in fr00 rg$8Nes at thg gnd oflhe year, THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE TRUSTEES REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2024 Plans for firtur• peTlod8 The fuknre Fdans as VIB move forward are as ftIIow5.' Raise fvnd8 through fundraising events throughout Ihe year Ensure the building Is mainlalned Manage the budget effective Malnlaln fin8ndal retr)rds ile a new constitution Structurn. govgrnance and menag•mgnt The charty18 govem8d by118 constllulon adoptsd 13 Juty 1988 88 arner￿1 3 November 1988. Thg Stru￿10 of the ￿ntre romalns the 88me. Management meeUng8 aTe Usual￿ held once each to￿ thTcWI￿ the year lo dis￿18 Poll￿ and fijture strategy, hmver due to COVID. meethrys have been taking place monthty. Change In staffing slrudure ha$ led lo the committeertru81ee$ lo ￿addres1 ts ￿￿ent strudwe aTrJ slTategie5. They are in the proce55 of revrriting the Con8￿tLrtfj0n arwj en¥uring proce85e5 and polloes a￿ fvlty in plac£ inckKlry a budgetlng 81rategy. Fundraising Is alBO discussed at these r￿1￿9$. Récrultmont and appolntmgnt of trust••s management commlttee, vtho are all Iruslee board members have the to 4ppolrrt tru81pB5. (hynlsatlon•l structur• charity is wn bythe board of Iruslee8 give thelr linp vdLutsrfly and rpcei¥e no Temuneralion. The ￿ntre 18 siaffed by a team Induding a c8rtre manager who ha5 re5ponsibilty for ￿ day lo dty runnlng of tho Certh and limlt8d budgetsry control. Thg trLk4te85 report w88 approved ty Ihg Board of Tnwtee¥, L HoV￿Y (Chairperson) TN$to0 K Marshall (frea8urer) Date.. THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustoes are respon8ible for preparing the Trustees Report arwj the financial statements In accordance with appYi&gble law and United r￿doMAccountlrvj Standards (United lfjngdom GgneraltyAttepted ACCO￿?ting Pradlce). The law applicable lo charib'es in England and Wales requires the tru&tses to p￿Paffj financlal ststements lor each flnandal year wlmch give a true and falr wew of the slate of affalrs of the charfty aThJ of Ihg Incoming re¥ources and applica￿on of re80urG8s (rf the th41ity for Ihal year. In preparfng these flnandal stal8mgnts, the truste8s arg re(li￿d to.. - sekct 8uhable accounung polldes and then appty con818tently', - Ltherve the mothod8 and prlnaple8 in the ChAthl88 SORP,. - make judgements and esllmales that are re4sonablg and pnxlenl" - slate whether applicable accounting slandath have bgen fol0￿￿. ¥uk¥'ed to any materfal departures dlsdosed arKI explained in the finarKaal ststements., and epare th8 financi￿ statements on the going conc•m basis unless It 18 inappropriate lo presurne that chaw ctmlinue OF￿allon. The tN¥tees are respon¥lbl• for keeping suffident acwunflThJ rgcordg that disrlo¥g YAth re880nablg accuracy 01 arry the finjndal position of the charfty and enable them lo ensure that the finand81statèTh￿nts ¢omply vAlh the Charfttes Act 2011. the Charity IAccounts ￿￿j Report8) Regula￿on3 2008 and the provisions of the trust deed. They are a180 respon$lbl8 for $8feguardlng the 888ets of thg charfty atN1 hen￿ for ta￿r￿j rea&onablg 81eps tsr the Preven￿on #nd detectlon of fraLhl arhl other lThegularibe¥. THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THORPE ￿LLoUGHBy PLAYGROUP I repc￿l lo the trustees on ry examlnatlon of the finandd $tatenw&8 of Ttwe wI￿ghby Playgroup (Ihè charfty) for Ihe year ended 31 March 2024. Ro•ponslbllftlo1 and bas1• of r•port As the trustees of the ¢haTIty you arg respon¥lble for the preparallon of the fln8ndal statemenls in accordancg the req￿rerngnth of the Charllies Act 2011 208.101 Net Incom• I loxpndituro) tor th• y••r 207 725 Gross Iran8fers belI￿en funds N•t rnov•m•nt In fund• 207 Furh1 b8lanras at 1 April 2023 44158 43,433 Fund balances al 31 knh 2024 44.365 44,158 The statement of finandal 8Ctivllle8 Indudè8 all galns and 1088es recogniied In the year. The staleTr*nt of finanual actlvib'es indudes all ￿1n$ and losses rÈcogni8ed in the year. AJI income and expendilure derive from conllnuing acuvlues. THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Flxed assots Tangible assets 10 3,712 4,596 Currnnt a¥¥ots Debiors Cash al bank and In hand 11 959 42.713 1.121 49,320 43,672 13.019) 50,441 (10.879) Crndltors: amountB falllng duewlthln yur 12 Not currwrt 4¥s•ts 40,653 39,562 Total M•#ts current IlabllRIo• 44,385 44,158 Met u8•t• wludlng pen$lon Ilablllty 44.365 44.158 The fund• rftha charlty unr￿tri￿ed furKI8 44.365 44.158 44.365 44.158 The ffinaneiyl Stalen￿1& were App￿Ved by the trustees on ... L Hovaey (Chalrper8on) Tru¥tsg K Marshall (Treagurer) Truste• THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢￿￿Tr11n9 polkl•• Charty Infornwtlgn Thotpe Wlloughby Playgrnup l& a charity ￿gistered *ilh the Charity Commisslvn for Erwjland Waleg. 1.1 A¢￿untIng convontlon ThE financial statenwts have b￿n prepwed in ac￿rdanCe *ilh the tharitys ￿nStItution. the Charilles Act 2011 arwj 'Accounll atwj Reportlng by ChaTltie8: Slatemenl of Recomm2nded PractK* appll¢able to tharitw preparing their accounts In acrA)rdance TAryth ts Finanoal ReportlrwJ Standwd appllcablB in the UK and Republ￿ of Ireland (FRS 102) (effective 1 January 20191.. The tharity is a Publlc Benefft Enbty as defined by FRS 102. charfty has laken advantage of the provisions in the SORP for charitie5 apptylr¥J FRS 11Y2 Update Wettn 1 to prepare statement of Cash Flov￿. The finandal 8tatements ha¥t deported from the Charitses (Accounts and Reports) Regulaltons 2008 ￿lY to the extent requlred lo prwde a true and falr vivw. Tl¥s departure hag invol￿1 following Ihe Statement of Recornmended Practice for cl7arl1i￿ applyTrvJ FRS 102 rather Ihan thg v8r8th ofthg Statemerrt of Recommended Pradce vthlth18 thrred to in the Rogulation$ bLrt vthich ha8 slnce been vAth(travM. The ffinAnci#l ¥tal8ments are prepargj in ¥terflrvJ, whlth Is the lunctlonal currenw of the chadty. The financSal statements have been wepar8d under thè Pi$torfcal cost conlpntlon. The prlnclpal a￿￿tir9 PDlicle8 adoptgd are set out below. 1.2 Golng ¢oncem At the time of approvlng the finandal statements, the trustees havè a reasonable eypectatlon that the charlty ha8 adequate resources lo continue In Opera￿41 exisknce for the foro8eea￿e fuiurn. Thus the trustees contlnue to ailopt the going concem basis ofaccounts'ng In preparfng the ffianoal Stater￿ts. 1.3 Charltabl• lund• unre5ffic￿ ftmds are avalaLle for u8e at ts dlsLvetion ofthe In*te8È in further￿ ofthglr charl￿e otyeclives. Re¥tslcted funds a￿ Sub￿ lo spwific condiUon8 by donors or grantr￿S as to tlw may b2 used. The Fwoses and u5e8 of Te8trfcted funds are set oul In thB vths to the ffinar￿al statements. 1A Inc¢)mg I￿lMe is recognlsed vthen Ihe Cha￿Y is legawrf enliued to It after any F￿[oM￿n￿ cor¥Jibons have been rTEt. an￿nts can be n￿gured ￿l59bly. and it is probable that Income V4ry11 be re¢ei¥ed. C48h donaUons are recogni5ed Dn receipt 0th8r donations are recognised once the tharty ha8 been no*d (rf the donation unle88 perfomwice condltions require deferral of the amount. Incorne tax recoverable in relation lo donations recei￿1 under Gift l or deed8 of Govenath Is re¢ogni8ed at the tlm8 ofthe donation. 1.5 Ex￿ndIt￿re Expenditsels Induded on an acrJualÈ bas18. Cost of g¢n¢Taling funds comprfse those costs IncLWTed by the charfty In the dell¥ery ol actrthlles arKI servw. It InrJLKJg3 both C08ts that can be allocatsd dlTecty to Such actmlles aThJ those costs of an indirect nature netsssary to supportthem. THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Attountlng pollcl (Contlnu•dl 1.8 Tan9lbh flxod a¥¥o1• Ta￿￿ble fixed as80ts are Initially m8a8ured at and Subsequent￿ mga¥ured al cost or Yaluallon. r*t of depredathjn and any IMpal￿entIo88oS. Depreaalion Is recoDn18ed 80 a5 to *Tlie off Ihe cost or valu8llon of 4$591¥ less thek restduol vahJe8 over their u8eful Ilves w I folothJ ba8es: Prowty Equlpment Fixtures and frtting¥ omputer equlFthent 1)4ET term of lease 25% reduclng balance 25% reduclng b81ance 3 yeaTs stralghl Ine galn or loss arising on the dispoBo1 of an a8set18 detemiSnod a8 the difference bets￿n the $•le proceeds and the ¢orrylng value of the a¥¥et, and18 recognlsgd In the 8tatement of Ilnanclal acti¥ities. 1.7 ¢￿h and tash equfval•r Cash and ￿¥h equlvalents irK4udg cash In h¥•J. dep>￿5 held al call with banks, other JP**l-tgrm Ilquhj InveS￿ts vllh whJinal maluribes of three month8 or18s8, and bank o¥eTdrafts. Bank overdraft¥ are shown within bovrovlngs In cwrent ILknllllS8s. 1.1 Flnan¢tsl In•trum•nts Tho charfty has elecled lo W the prov181ons of Sectlon 11 'Ba8lc Fln8ndal Ingtruments. 8nd Secllon 12 '0ther FIn￿¢SaI Instnjmenls Issue$, of FRS 10210 al of fl8 fi[w￿81 Instru￿￿￿8. Flnanclal instrurnents are recognised In ￿ charW8 balan￿ sheet vthen the ¢harity becomes paty to the conlr&#ud pmwsions of Ihe instrument. Baslc finarrial assgls are mea¥ured at tran8action IndLKllng Ir8n8aclion eo$ts. Flnandal a¥set¥ Cla￿lfled 88 ￿te1VIble vhthln one year aT8 not amDrti¥ed. Ba8lc flnandal liablllt*J are recognised at price. Finandal Ilabllhle8 dasSif￿ 88 payable wlthin Dr￿ year a￿ ￿t 4mLv118ed. 1.9 Twtlon The charity is oxempt from tax on inconw ￿ g•ln8 falling wllhln 8ecllon 505 of the Taxes ￿1 1988 or 8eclion 252 of the Taxalif ol Chargeable Gains AGt 199210 the ext** that th8$9 are applled lo tts charitable objecls. 1.10 Employw bgngllts The cost ofany unLwed hollday entitl&￿t 1$ recogthd in the period in ￿lch th8 employee'8 s9￿CeS are rnraved. Tern11natk￿ benefits are fecognised immediately as an expense when the charlty Is demorntrabty (x)mmitteil to teminate the eMployn￿l of an emptyee orto provide le￿ne110n beneffts. 1.11 Retirnm•nt bw Payments to contrlbLrtlon rellrement bengfit 5chgme8 aR charyed as an expense as fail due. crftlcal accountlng è8tlrnat•s and Judu•mènth In thg appllcallon of the tharitys accountlng pollde8, the tru8tees are requlred lo makg judgement8. e8tin* and 8$$umption8 aly)ul the ¢arryiny amount of assets and Ilabllltles that are not re&Jity apparent from otlw S￿re88. The estlmates and a$8oct8teil as8umptlon8 are based on hi5torfcal eX￿￿enc£ abKJ otherfacth Ihat ¢on8kleTed to be refevanl. Adual re$LIts may dlffer from these estimate¥. The esllmates and underfyky a55umpllons are r8¥18wed on an ongoing basls. RO￿$10￿ to acc￿UntIng e¥tirnate5 are recognlsed in the perlod In vthich thè estSmate Is r￿sed where the revision affects onty that porlod, or In thè period of the revlskm arKI future perfod8 vthere the revl8lon affect81)olh cjjrrnnl 8nd fuiwe perfods. THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Don•tlon• and l•Ba¢lgS Unre&trfctsd Unrestrfct•d fund• funds 2024 2023 Donations and grfts 3,581 Incom• from Charltablo actlvltkn• UnTrstrlctsd fund¥ Unrostrl¢ts funds 2023 Plt8top fees PL4yuroup fe23 Bungal(vé and dayca￿ fres Eady Year8 furb*ng Holday Club Othgr th8ritable IncomF 54,974 2,322 13,371 136.125 20.130 1.487 49,950 9,163 125.362 16,471 368 228.409 205,382 THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exixndlture on ch4rft•bl• actfviti Unrn¥trf¢t fun 2024 UnroStrlct•d fund• 2023 Dlract ¢t)st8 Stsff costs Rent, rates and watsr 8uildlng In8ur8nce Repairs and malntenan CreaJve supplies Parbes and events 183,319 5,850 1,659 4,784 327 185,618 3.013 1,106 p 11 103 Ctsnsumable8 Nursery equipment licen Cleaning Electridty Telephone 3,355 2.379 132 908 3,509 159 509 5.S77 1.741 1,518 210,878 195.629 Sharn ofsupport and g¢Mrnanco ￿$￿1*¢0 nots 6) Support Govemance 18,075 2,830 10,652 1,820 231,783 2D8,101 Anaty818 by lund Unrestricted ft￿d$ 231.783 208.101 Support ¢osts allocat•d to •¢tlvltl•8 2024 2023 D&predatk>n Prinllng, stationeryand postago Computer expen8e8 Training costs Bank charyes Legal end prof8s$ional fee8 Accountsnw 1,089 2,223 1.547 401 1231 204 239 12,678 2.830 248 5,717 1,820 20,905 12.472 An*ly••d bo(wo0n: Un￿StrICted fund8 20,905 12.472 10- THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Not movaMTrt In fund• 2023 The ngt movement in fuThl318 8tstgJ after chargingllGrgdltlng>: Depredatlon of tanyible fwed assets 1,089 1.231 None of ts tru8te95 (or any persons connecied *ryth thgm) rncei¥ed any renmrnlion or beneffts from the tharlty the year. Employ998 The 8￿rage monthty nurnber ofemployee8 during the ye8rwas'. 2024 Numb•r 2023 Numb•r 11 12 Employm•nt oosts 2024 2023 Wages aThJ salarfes Social security L￿ts Other pension c08ts 173.502 6.637 3.180 157,983 4,916 2.719 183,319 165.818 vRre no enWoyee$ *those amual rernunerath)n more than £60,000. 10 Tanglbl• trlx•d a•sots Prom Equlwn•nt Flxturgs and fittlnga Computer •qulpm•nt T¢Jtal At 1 April 2023 Addiuons 29,616 17.424 204 24.804 5.174 77.018 204 Al 31 Mar¢* 2024 29.816 17.628 24,804 5,174 D•prKlallon At 1 Aprl 21Y23 DepTeclatlon charged in the year 28,( 15.994 383 24,425 95 4.002 611 72.421 1,089 At 31 Marth 2024 28.000 16.377 24.520 4,613 73.510 Carrylng amount At 31 March 2024 1.610 1.251 561 3.712 AI 31 Mprth 2023 1,616 1,430 379 1,171 11 THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 D•btorn 2024 2023 Amounts lalllng duo withln on• yur. Trnde debtors Prepayments and accn*d Incom8 693 1,121 959 1,121 12 Crodltor8: amounts f•lllng duo wlthln ong y•ar 2024 2023 Trade credliors Other taxation arKI 80(¥al 5ecurfty Olher credit Attruals and deferred income 223 1.482 6.786 572 555 2,241 2,039 3,019 10,879 13 R•tlr•mwrt btrn•llt 8ch•m•# 2024 2023 D•fln•d ¢ontrlbutlon 8¢home• to prollt or loss In resped of deflne(I contrlbutlon 8then 3.180 2.719 The thaiity operate5 a defined contribLrflon pension scheme all qualFying ernFloyee8. The ￿gets of the st*Rm2 are separatdy from th￿9 of the charity in an indeperKlenty admlnistered furKI. 14 Unrastrfcted fund unreslrfcted furKls of th8 charity comprl8e unexpeNled balances of donauons and grants Vdlych are not sublectto specffic conditlons by donors and grantors as to how rTAy be used. The8e Include designated funds have bagn Set aslde out of unrestrlcled fund8 by the twstees for 5pecffic rAJrpose5. At 1 Aprll 2023 Incomlng our Ra￿Urc8sAl 31 Marrh 2024 •xpgnd General fund8 44,158 231. 1231,7B31 Prnvlous ￿•r. At 1 Aprll 2022 Incomlng our¢oS R#our¢gsAt 31 M•rch 2023 •xpend•d Gerwal fwd8 43,433 208.826 (208,1011 44.158 -12- THORPE WILLOUGHBY PLAYGROUP KNOWN AS THORPE WILLOUGHBY CHILDCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (Co￿nNUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Operating lease Gornmilments At the reportkw end date the chartty had OLrt8tanding commMmenl8 for future nlnlmum lease paymenlj under rK)nwcan¢¥llab18 operatlng leases, whlch fall due a8 follows.. 2024 2023 thin one year 1,250 1.250 Rolated party tr￿actIonS Romun•r•tlon of m#nagoment pornonn91 The remuneration of key management porsonal was a¥ follo￿.. 2024 2023 Total remunerau 30,805 29.638 13-