Discovering Kids Playgroup FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 STATEMENT OF FINANCIAL ACTIVITIES Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Ineome Income from charitable activities Grants and donations Total income 10,655 65.550 76.205 10,655 65,550 76,205 8,745 62,640 71,385 enditure Expenditure on charitable activities Total expenditure 74,997 74.997 74,997 74,997 79,452 79,452 Net ineome/(expendilure) and net movement in funds for the year 1,208 1,208 (8,067) Reeonciliation of funds Total funds bi'oiight forNvard Total funds carried fonvard 27,931 29,139 27,931 29,139 35,998 27,931 The statement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing activities.
Discovering Kids Playgi FINANCIAL STATEM BALANCE SHEET Fixed Assets Tangible Assets Total Fixed Assets Current assets Cash at bank and in hand Debtors Total Current Assets Liabilities Creditors: Amounts falling within one year Net Assets The funds of the charity: Unrestricted income funds Restricted income funds The notes form part of thesc The financial statements we their behalf by: Karen Broivn Chair
Discovering Kids Playgroup Notes to the Financial Statements for the year ended 31 August 2023 Accounting Policies The principal accoiinting policies adopted in the preparation of the financial statements are as rollows: (a) Basis of preparation The financial statements have been prepared in accordance with 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) (effeclive l January 2015)- (Charities SORP (FRS I02)). In preparing the accounts, the triistees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 that no restatement of comparative items was reqiiired. (b) Income Grants that relate to specific capital expenditure are treated as restricted income which is credited to the Statement of Financial Activities when received/receivable. Revenue grants are credited to the Statement of Financial Activities in accordance with the terms of the grant. Donations are included in the Statement of Financial Activities when receivable. (c) Resources expended Support costs in furtherance of the objectives of the charity This represents all expenditure directly attributable to charitable causes. Management and AdminR5tration This incliides all expenditiire not directly allocated above. Overhead costs have been attributed to the management and administration of the charity. (d) Fixed Assets Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: Equipment- 50/0 per annum (e) Funds Structure
The playgroups have various types of funds for which it is responsible and which require separate disclosure. These are as follows: Restricted funds Income receivable is earmarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation. Unrestricted funds Funds which are expendable at the discretion of the company in furtherance of the objectives of the charity. In addition, funds ma}, be held in order to finance capital investment and vorking capital. (f) Pensions Existing employees of the charity are auto enrolled in the NEST pension scheme unless they have exercised their right to opt out. The employer's contributions rnade to the scheme in 2023 was £592 (2022: £700) with an einployer's contribution rate of 3 % and an employee's contribution of 50/0 of pensionable pay. INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Incom¢ from charilable activities: Playgi'oup fees Other income 8,363 53 6,5iO 176 Milk monies Fundraising Total income from charitable activities 158 2,081 158 2,081 199 1,840 10,655 10,655 8,745 Gi'ants & Donations.. EA Grant Grant - sustainability grant Grant - restart Grant - get ready to learn Grant- childcare recovery support Donation Total grants & donations Total income 60,450 2.000 60,450 2,000 58,910 200 i,100 65,550 76.205 3,100 65,550 76,205 500 62,640 10
EXPENDITURE Unrestricted Funds Restricted Funds Total 2023 Total 2022 Expenditure on Charitable Activities: Wages Employei. Pension Contributions Play Materials & Consumables Early Years Advisor Food & Sundries Rent Repair5 & Renewals nsurance 58,679 592 929 1,690 1.949 520 89 1,220 1,4)7 277 1,221 285 46i 58,679 592 929 1,690 1,949 520 89 1,220 1,437 277 1,221 285 463 130 118 200 127 54.672 700 1,462 3,021 520 2,987 1,100 Telephone Stationery & Advertising Heat & Light Donation5 Water Rates Pest Control Computer equipment Bus hire Cleaning Staff clothing Sundry Expenses Deprecialion AccoLinlancy Bank & Credit Card fees Total 1.915 100 527 125 528 118 200 127 685 272 323 3,464 1,104 180 74,997 3,464 1,104 180 74,997 310 79,452
ANALYSIS OF CHARITABLE FUNDS Analysis of movements in unrestricted funds Balance I Incoining September resources 2022 Resources expended Funds 31 August General fund Total 27.9i I 27,9) I 76,205 76.205 (74,997) (74,997) 29,139 29.139 Analysis of movements in restricted funds Balance I September 2022 Incoming Resources resources expended Funds J I Augiist 2023 Restricted income fiind Total 12
TANGIBLE FIXED ASSETS Freehold Fixtures Land & Fittings & Buildings Equipment Total Cost As at I Septeinber 2022 Additions As at 31 August 2023 40.529 6,196 46,725 28.758 69,287 6,196 75,483 28,758 Depreciation As at I September 2022 Charge foi. the yeai. A5 at 31 August 2023 29,685 24,788 1,4)2 26.220 54,473 i,464 Net Book Value As at I September 2022 As at 31 August 2023 10,844 15.008 14,814 17,546 DEBTORS 2023 2022 Taxation and social security costs 125 125 124 124 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accoiintancy Rent NEST Wages & salaries control account 1,092 520 19 81 1,712 1,092 1,092 13