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REGISTERED COMPANY NUMBER: 07640357 (England and Wales)
REGISTERED CHARITY NUMBER: 1143734









REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

THE COMMUNITY PLAYCENTRE @ WALBERTON

THE COMMUNITY PLAYCENTRE @ WALBERTON






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Statement of Financial Position 4 to 5

Notes to the Financial Statements 6 to 12

THE COMMUNITY PLAYCENTRE @ WALBERTON (REGISTERED NUMBER: 07640357)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MAY 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07640357 (England and Wales)

Registered Charity number
1143734

Registered office
Community Playcentre @ Walberton
The Street
Walberton
West Sussex
BN18 0PJ

Trustees
Miss C J Purdie Hr Manager
Mrs D Burnstone Assistant Technical Director (resigned 11.1.2023)
Ms J C Hutchison Accounts manager
Mrs D H Rogers Retired
R M Rogers Retired
T Hewson

Independent Examiner
Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

Approved by order of the board of trustees on 12th February 2024 and signed on its behalf by:





Miss C J Purdie - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE COMMUNITY PLAYCENTRE @ WALBERTON

Independent examiner's report to the trustees of The Community PlayCentre @ Walberton ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Jennifer Hoult

Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

12th February 2024

THE COMMUNITY PLAYCENTRE @ WALBERTON

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MAY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 116,807 120,773

Other trading activities 2 283,262 291,519
Investment income 3 1,816 37
Total 401,885 412,329

EXPENDITURE ON
Raising funds 4 427,424 362,276


NET INCOME/(EXPENDITURE) (25,539 ) 50,053


RECONCILIATION OF FUNDS
Total funds brought forward 420,740 370,687

TOTAL FUNDS CARRIED FORWARD 395,201 420,740

THE COMMUNITY PLAYCENTRE @ WALBERTON (REGISTERED NUMBER: 07640357)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Intangible assets 9 3,867 -
Tangible assets 10 341,095 348,220
344,962 348,220

CURRENT ASSETS
Debtors 11 2,235 2,358
Cash at bank and in hand 198,227 250,675
200,462 253,033

CREDITORS
Amounts falling due within one year 12 (19,300 ) (46,977 )

NET CURRENT ASSETS 181,162 206,056

TOTAL ASSETS LESS CURRENT
LIABILITIES

526,124

554,276

CREDITORS
Amounts falling due after more than one year 13 (130,923 ) (133,536 )

NET ASSETS 395,201 420,740
FUNDS 16
Unrestricted funds 395,201 420,740
TOTAL FUNDS 395,201 420,740

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE COMMUNITY PLAYCENTRE @ WALBERTON (REGISTERED NUMBER: 07640357)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 12th February 2024 and were signed on its behalf by:





C J Purdie - Trustee

THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost
Plant and machinery - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Fundraising events 3,039 3,290
Booking fees 1,585 620
Nursery fees 172,048 183,236
Out of school club 90,740 83,069
Meals 14,529 15,173
Government grants 1,321 6,131
283,262 291,519

3. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 1,816 37

4. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Support costs 21,675 18,973

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 8,875 9,790
Hire of plant and machinery 2,150 1,984
Deficit on disposal of fixed assets 136 -
Development costs amortisation 133 -

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st May 2023 nor for the year ended 31st May 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st May 2023 nor for the year ended 31st May 2022.



THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Nursery School 22 20

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 120,773

Other trading activities 291,519
Investment income 37
Total 412,329

EXPENDITURE ON
Raising funds 362,276


NET INCOME 50,053


RECONCILIATION OF FUNDS
Total funds brought forward 370,687

TOTAL FUNDS CARRIED FORWARD 420,740

9. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
Additions 4,000
AMORTISATION
Charge for year 133
NET BOOK VALUE
At 31st May 2023 3,867
At 31st May 2022 -


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

10. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st June 2022 398,558 39,830 4,354 442,742
Additions - 989 897 1,886
Disposals - (2,473 ) (2,168 ) (4,641 )
At 31st May 2023 398,558 38,346 3,083 439,987
DEPRECIATION
At 1st June 2022 51,464 39,113 3,945 94,522
Charge for year 7,971 491 413 8,875
Eliminated on disposal - (2,337 ) (2,168 ) (4,505 )
At 31st May 2023 59,435 37,267 2,190 98,892
NET BOOK VALUE
At 31st May 2023 339,123 1,079 893 341,095
At 31st May 2022 347,094 717 409 348,220

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 759 818
Prepayments 1,476 1,540
2,235 2,358

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 14) 3,395 5,049
Trade creditors 1,121 1,924
Other creditors 3,640 2,321
Accruals and deferred income 8,627 12,204
Accrued expenses 2,517 25,479
19,300 46,977


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 14) 130,923 133,536

14. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank loans 3,395 5,049
Amounts falling between one and two years:
Bank loans - 1-2 years 3,395 5,049
Amounts falling due between two and five years:
Bank loans - 2-5 years 127,528 128,487

15. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 134,318 138,585

16. MOVEMENT IN FUNDS
Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 420,740 (25,539 ) 395,201

TOTAL FUNDS 420,740 (25,539 ) 395,201

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 401,885 (427,424 ) (25,539 )

TOTAL FUNDS 401,885 (427,424 ) (25,539 )


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.6.21 in funds 31.5.22
£    £    £   
Unrestricted funds
General fund 370,687 50,053 420,740

TOTAL FUNDS 370,687 50,053 420,740

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 412,329 (362,276 ) 50,053

TOTAL FUNDS 412,329 (362,276 ) 50,053

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.21 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 370,687 24,514 395,201

TOTAL FUNDS 370,687 24,514 395,201

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 814,214 (789,700 ) 24,514

TOTAL FUNDS 814,214 (789,700 ) 24,514


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st May 2023.