REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
LANGHOLM PLAYCARE LTD. |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
LANGHOLM PLAYCARE LTD. |
LANGHOLM PLAYCARE LTD. |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Statement of Financial Position | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 13 |
LANGHOLM PLAYCARE LTD. (REGISTERED NUMBER: SC168532) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
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 31 March 2024. 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). |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Langholm Playcare Ltd has not relaxed the stringent and high strategy of monitoring infection control to high standards and regularly uses the sanitising machine purchased to reducing infection during the Covid pandemic |
Early Learning and Childcare (ELCC) |
Delivery of 1140 hours and the provision of meals has gone well. Meals are made in house and this service has proved popular with both children and parents. The rise in funded hours and all year-round option is proving popular with parents. This combined with the flexibility of Langholm Playcare Ltd has meant we have more children using us during holiday times |
Staffing |
Current staff levels are 16. |
The training of staff was a priority throughout the year and continues in order to help maintain high standards. |
Fundfinding |
The following grants were secured during the year: |
£7,000 Arthur Bell trust |
£25,000 Crossdykes windfarm |
£19,355 Ewehill windfarm |
£4,000 Arthur Bell apprentice fund |
£10,000 Cayzer Trust |
£500 John and Mary Elliot Trust |
Part of the above funding has been used to renew and replenish old and tired equipment, further developing both of our outside spaces. Our apprentice is now in her second year (from the above funding) |
A new secure double glazing multipurpose door has been installed in one of the downstairs playrooms, now allowing daylight and fresh air to come into the room. |
The downstairs toilets have been updated and renovated, with a separate nappy changing room being installed. |
All these improvements keep us in line with current legislation and have been immensely beneficial to Langholm Playcare Ltd. |
Parenting groups, both Baby Group (including baby massage) and Read, Play Sing, have proved very popular over the last year. |
Fundraising activities |
Our usual fundraising calendar has been back up and running, by holding events such as raffles, hampers, bags to school and Christmas cards. |
FINANCIAL REVIEW |
Reserves policy |
The Trustees are aware that it is prudent to try to maintain a reserve that equates to approximately 3 months of operating expenditure in order to cover the costs in the event of closure. |
It is the policy of the charity to hold general reserves in the region of 16%(minimum) to 28% of current expenditure. |
This policy is reviewed by the Trustees every 3 years. |
LANGHOLM PLAYCARE LTD. (REGISTERED NUMBER: SC168532) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FUTURE PLANS |
The charity plans continuing activities as above in the forthcoming years subject to satisfactory funding arrangements. |
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 |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
Tattersall Bailey |
Chartered Accountants |
14A Main Street |
Cockermouth |
Cumbria |
CA13 9LQ |
LANGHOLM PLAYCARE LTD. (REGISTERED NUMBER: SC168532) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
LANGHOLM PLAYCARE LTD. |
I report on the accounts for the year ended 31 March 2024 set out on pages five to thirteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Luke Tattersall |
The Institute of Chartered Accountants in England and Wales |
Tattersall Bailey |
Chartered Accountants |
14A Main Street |
Cockermouth |
Cumbria |
CA13 9LQ |
18 September 2024 |
LANGHOLM PLAYCARE LTD. |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 MARCH 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 121,118 |
LANGHOLM PLAYCARE LTD. (REGISTERED NUMBER: SC168532) |
STATEMENT OF FINANCIAL POSITION |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 11 |
Unrestricted funds | 41,771 |
Restricted funds | 79,347 |
TOTAL FUNDS | 121,118 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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. |
LANGHOLM PLAYCARE LTD. (REGISTERED NUMBER: SC168532) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2024 |
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 |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
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. |
Outdoor Play Area | - |
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. |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
2. | OTHER TRADING ACTIVITIES |
31.3.24 | 31.3.23 |
£ | £ |
Fundraising events |
3. | INVESTMENT INCOME |
31.3.24 | 31.3.23 |
£ | £ |
Deposit account interest |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
6. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.3.24 | 31.3.23 |
Nursery |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 75,554 | 74,696 |
TOTAL FUNDS CARRIED FORWARD | 41,771 | 79,347 | 121,118 |
8. | TANGIBLE FIXED ASSETS |
Outdoor |
Play Area |
£ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Prepayments |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Social security and other taxes |
Accruals and deferred income |
Accrued expenses |
11. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 2,907 | (2,889 | ) | 500 | 518 |
Designated Fund | 38,864 | 4,217 | (500 | ) | 42,581 |
1,328 |
Restricted funds |
Restricted Funds | 79,347 | (21,156 | ) | - | 58,191 |
TOTAL FUNDS | (19,828 | ) | 101,290 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 214,785 | (217,674 | ) | (2,889 | ) |
Designated Fund | 4,217 | - | 4,217 |
( |
) | 1,328 |
Restricted funds |
Restricted Funds | 66,307 | (87,463 | ) | (21,156 | ) |
TOTAL FUNDS | ( |
) | (19,828 | ) |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 11,623 | (36,216 | ) | 27,500 | 2,907 |
Designated Fund | 63,931 | 2,433 | (27,500 | ) | 38,864 |
75,554 | (33,783 | ) | - | 41,771 |
Restricted funds |
Restricted Funds | 74,696 | 4,651 | - | 79,347 |
TOTAL FUNDS | 150,250 | (29,132 | ) | - | 121,118 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 191,975 | (228,191 | ) | (36,216 | ) |
Designated Fund | 2,433 | - | 2,433 |
194,408 | (228,191 | ) | (33,783 | ) |
Restricted funds |
Restricted Funds | 41,491 | (36,840 | ) | 4,651 |
TOTAL FUNDS | 235,899 | (265,031 | ) | (29,132 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 11,623 | (39,105 | ) | 28,000 | 518 |
Designated Fund | 63,931 | 6,650 | (28,000 | ) | 42,581 |
75,554 | (32,455 | ) | - | 43,099 |
Restricted funds |
Restricted Funds | 74,696 | (16,505 | ) | - | 58,191 |
TOTAL FUNDS | 150,250 | (48,960 | ) | - | 101,290 |
LANGHOLM PLAYCARE LTD. |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | MOVEMENT IN FUNDS - continued |
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 | 406,760 | (445,865 | ) | (39,105 | ) |
Designated Fund | 6,650 | - | 6,650 |
413,410 | (445,865 | ) | (32,455 | ) |
Restricted funds |
Restricted Funds | 107,798 | (124,303 | ) | (16,505 | ) |
TOTAL FUNDS | 521,208 | (570,168 | ) | (48,960 | ) |
12. | RELATED PARTY DISCLOSURES |