Discovering Kids Playgroup FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OTr FINANCIAL ACTIvrr Note Unrestricted Restricred Fund5 Funds Total 2024 Total 2023 Incom Income from charitable activities Granls and donations Tola] income 12.638 58.7(K) 71.338 12,638 58,700 71,338 10.655 65,550 76.205 enditure Expenditure on charitable activtties Total expenditure 74.326 74,326 74J26 74J26 74,997 74,997 Net incomel(expendlture) and net movement in funds for the year (2.988) (2988) ,208 Reconeilirdtion of funds Total funds brought forward Total funds carrkd forward 29,139 26.151 29,139 2A151 27,931 29.139 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Discovering Klds Playgroup FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BALANCE SHEET Note 2024 2023 Fixed A&sets Tangible Assets Total Fixed Assets 13,772 17,546 13,772 17.546 Current &ssets Cash at bank and in hand Debtors Tots] Current Assets 14853 13.180 125 13,305 14W3 Liabilities Creditors: Amounts falling due within one year (2A74) (1,712) Net Assets 4151 29.139 The funds of the charity: Unrestricted income funds Restricted income funds 26,1 29.139 26,ISI 29.139 Thc notss form part of these accounL The financJAI statements were approved by the trnstees on 21 November 2024 and Signed on their behalf by: Karen Brown Chair Michael O'Boyle
Discovering Kids Playgroup Notes to the Financial Statements for the year ended 31 August 2024 Accounting Policies The principal accounting policies adopted in the preparation of the financial statemeAts are as follows: (a) Basis of preparation The financial statements have been Prepared in accordance with Accounting and Reporting by Charities: Statement of Rpxommended Practice applicable to chlrities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)). In preparing the accounts, the trustees have considered whether in applying ihe accounting policies required by FRS 102 and the Charities SORP FRS 102 that no restatement of comparative items was required. (b) Income Grants that relate to specific capital expenditure are treated as restricted income which is credited to the Statement of Financial Activities when received1rlYab1e. Revenue grants a credited to the Statement of Financial Activiti¢s in accordance with the tertn5 of the granL Donations are included in the Statement of Financial Activities when receivable. (c) Resources expended Support costs in furtherance ol the objeetiv&s of the charlty This represents atl expenditure directly attributable to Chitable causes. Management and Administration This includes all expenditure not directly allocated above. Overhead costs have been attributed to management and adrninistration of the charity. (d) Fixed Assets Depreciallon is calculatrd so as to write off the cost of an a&set over the useful economic life of that asset as follows: Equipment- 5% 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 earnwked by the dooor for sExcifi¢ purposes. Such purposes are within the overall aims of the organisation. Unrestricted funds Funds which are expcndable at the discretion of the company in furtherance of the objectives of the ¢harity. In addiuon. ndS may be held in order to finance capital investinent and working capital. (f) Pensions Existing employees of the charity are auto enrolled in the NFST pension scheme unless they bave exercised their right to opt out. The employer's contributions made to the scheme in 2024 was £791 (2023: £592) with an employer's contribution rate of 3% and an employee's contribution of 5% of pensionable pay. INCOME Unffstricted Rcstrided Funds Funds Total 2024 Total 21)23 Income from charitable activities: Playgroup fees Oiher income 9.768 9,768 402 8.363 53 Milk nionics Fundraising Total income from charitsble activiti 158 2,081 2.468 2868 [2.638 12 10.655 Grants & I)onations: EA Grant Grant- sustainability grnnt Grant- resiart Grant- get ready to learn Grant- childce rccoyery support Donation Totsl grants & donations Totsl income 58.7(M) 58.7( 60,450 3.1 65,550 76.205 58.7(K) 71.338 58,7 71J38 io
EXPENDrruRE Unrestricied Restricted Funds Funds Total 2024 Total 2023 Expenditure on Charitable Activities: Wages Employer Pension ContritAEtions Play Mat¢rials & Consumables Early Years Advisor Food & Sundries Rent Repairs & Renewals Insurance Telephone Staiionery & Advertising Heat & Lighi Donations Water Rates Pest Con1 Computer equipment Bus hire Cleaning Staff clothing Sundry ExFnses Deprecialion Accountancy Bank & Credit Card fees Total 57,805 791 3(* 1.6 2.105 520 430 1,255 999 413 1201 57I05 791 58,679 592 929 1,690 1.949 520 89 1,220 1,437 277 1.221 285 463 130 1ffi90 2.105 520 430 1255 413 1201 524 139 35 250 132 524 139 35 250 132 200 127 493 3.774 493 3,774 1,164 323 1,104 180 74,997 2CKJ 74,326 74?26
ANALYSIS OF CHARITABLE FUNDS Analysis of movements in unrestricted funds Balanc¢ I Incoming Septeml TOUrCeS 2023 Resources Funds 31 expended August 2024 Gencial fund Total 29.139 29.139 71.338 71.338 (74,326) (74,326) 26,151 26.151 Analysis of movements in restricted funds Balance I Septembcr 21r23 Incoming Resources rcsouiccs expended Funds 31 August 2024 Reslricted income fund Total 12
TANGIBLE FIXED ASSErs Freehohl Fixtures LAnd & Fittings & Building5 Equipm¢nt Totsl As at I SepMlKr 2023 Additions As at 31 August 2024 46,725 28.758 75.483 46.725 28,758 75.483 Depreciation As at I September 2023 Charge for year As gt 31 August 2024 31.717 2.336 34.053 26,220 1,438 27.658 57.937 3.774 61,711 Net Book Val As at I SeptemEtr 2023 As At 31 2024 15.(K)8 12,672 2.538 i.i(x) 17.546 13,772 DEBTORS 2023 Taxation aThd social security cos15 125 125 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2023 Accountancy Rent Taxation and social security costs NEST Wages & salaries control account 1.092 1.092 520 245 19 81 1,712 2,474 13