REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
T.a.s.k. Childcare Service |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
T.a.s.k. Childcare Service |
T.a.s.k. Childcare Service |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2024 |
Page |
Report of the Trustees | 1 | to | 5 |
Report of the Independent Auditors | 6 | to | 9 |
Statement of Financial Activities | 10 |
Balance Sheet | 11 |
Cash Flow Statement | 12 |
Notes to the Cash Flow Statement | 13 |
Notes to the Financial Statements | 14 | to | 20 |
T.a.s.k. Childcare Service (Registered number: SC263085) |
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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
TASK Childcare Service Family Support and Learning Centre prides itself on being a highly reputable 3rd sector organisation which offers a unique service to families living within the Gorbals community. The aim of the service is to deliver high quality affordable, flexible early learning and childcare and family support to meet the ever-changing needs of its diverse community, The organisation provides the Gorbals with a community led, integrated Family Learning and Support Centre in partnership with Glasgow City Council where a range of education, awareness and support programmes are delivered increasing employability and self-reliance. By doing so Task have removed barriers and provided opportunities for parents and carers to seek employment, training or further education |
Public benefit |
The charity meets the definition of a public benefit entity under FRS 102. |
T.a.s.k. Childcare Service (Registered number: SC263085) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
TASK Childcare Family Support and Learning has positioned itself in the community as a highly respected provider of Early Learning and Childcare dedicated to Gorbals children and families employing 17 staff members at present. It is the largest provider of childcare services in Gorbals offering childcare to 138 families , 90% of families using TASK live in Gorbals - the highest of the Gorbals childcare providers. |
Our service this year has not just been centred around providing excellent early learning and childcare but highlighting the significance of our partnership working. |
TASK Childcare Services prides itself in being an organisation with the community at the heart of all that we do. The organisation has an ethos of 'nurturing' and development offering preventative programmes, family pathways, parenting skills and advocacy. |
Through our partnership working and joined up creative thinking with Glasgow City Council Early Years, Health and Social Care Partnership, New Gorbals Housing Association and local community organisations TASK has supported both the local community and some of our most vulnerable families. |
Task continues to support a successful programme with Holyrood Secondary to recruit Modern Apprenticeships. This has been a very successful and has resulted in 1 young local person and one mature local person being offered the chance to join our staff team on a full time basis. This is an initiative we are hoping will extend to other local secondary schools. |
TASK has provided |
a) Partnership/GCC early learning and childcare funded places for children aged |
between 3-5 years |
b) Partnership/GCC early learning and childcare for eligible 2-year-olds |
c) Holiday Hunger programmes in partnership with New Gorbals Housing |
d) Work Placements in partnership with Holyrood Secondary School leading to full time employment for 2 people. |
e) ESOL Classes with creche in partnership with New Gorbals Housing & WEA |
f) Providing Holidays away for some of our vulnerable families in partnership with Glasgow Children's Holiday Scheme. |
g) Afterschool places to families working alongside Health & Social Care Partnership. |
h) In partnership with GCC we are piloting the School Aged Childcare Programme |
i) 3 Community Defibrillators in locations throughout the Gorbals area after a very successful fundraising event . |
j) Family Connect sessions in partnership with GCC to support family learning. |
Our early intervention team has connected with our more vulnerable and harder to reach groups by providing opportunities and pathways for social and community integration and inclusion. |
TASK in partnership with New Gorbals Housing and Health and Social Care Partnership is instrumental in providing ongoing financial and emotional support to local families. These partnerships have strengthened the connections and trusting relationships we have established within the community resulting in the organisation being seen as a 'community anchor'. |
Challenges Faced in 2022-2023 |
One of the main ongoing challenges we are faced with is the recruitment of high quality staff with the relevant qualifications, experience and knowledge that we expect from our practitioners. This had impacted on the number of children we can allocate places to therefore impacting on our opportunity to self-generate additional income |
Our future aspirations |
" to continue to provide high quality early learning and childcare for our Gorbals and wider community |
" to continue our commitment to providing early intervention services for local families. |
" to improve opportunities for parents/carers to access work and full time education by providing more childcare spaces and job opportunities . |
" to continue with the Modern Apprentice program opening it up to other local secondary schools |
T.a.s.k. Childcare Service (Registered number: SC263085) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2024 |
" To empower families within the community to make choices and help shape our service and the future of services in the Gorbals |
To develop our outside area further in partnership with New Gorbals Housing and Glasgow City Council allowing us to include an outdoor nursery provision as part of our service. |
FINANCIAL REVIEW |
Financial position |
Income and expenditure for the 12 month period is set out in the statement of financial activities on page 10 and the accompanying notes. Total income for the charity amounted to £624,165, being a combination of grant monies and parent fees. An analysis of the sum is shown in the notes on page 15. Expenditure for the year was £604,594 the details of which are shown in the notes on page 16. |
There was a surplus of £19,571 realised in the year, adding £47, 546 to unrestricted funds while resticted funds decreased by £27,975. Details of the movement of funds is detailed on pages 18-20 of the notes to the accounts. |
Funds of £1,851,977 are carried forward with £487,237 in unrestricted funds and £1,392,740 in restriced funds. |
We would like to thank and acknowledge our grant funders especially Glasgow City Council /Early Years partners and thise as detailed in the notes on page 15 |
The budget for 12 months from the date of when the finacial statemts are authorisedf for issue shows a comparable surplus to that achieved this year. |
Reserves policy |
The Trustees aim to retain six months expenditure in reserves. Separate reserves are maintained where grants received for a specific purpose have not been fully utilised in the accounting period. |
Going concern |
The Trustees are confident that with the grant position for the next year confirmed and the funds being carried forward that it will continue to provide the necessary childcare services for at least the next twelve months from the month of the signature on the accounts. |
PRINCIPAL RISKS AND UNCERTAINTIES |
The principal risks faced by the Charity are: |
- Changes in Government policies |
The Scottish Government can change the amount of guaranteed free childcare hours and the rate paid for it. |
- Changes in Funders' Policies and resources |
The Charity is largely reliant on funding from local government and the third sector which could be affected by changes in their priorities and funding. |
- Availability of Staff |
The Charity is encountering problems in recruiting enough staff to satisfy the demand for places. |
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. |
Recruitment and appointment of new trustees |
Any person who wishes to become a trustee shall lodge with the organisation a written application, and that application will be put forward at the Annual General Meeting and be put to a vote of the membership. |
Organisational structure |
The Trustees have delegated day to day management to the manager Angie Muir |
T.a.s.k. Childcare Service (Registered number: SC263085) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Induction and training of new trustees |
The existing Trustees are already familiar with the practical work of the Charity and new Trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the Charity and the context within which it operates. |
These are led by the Chairperson and the manager and cover: |
- The obligations of Management Committee members |
- The main documents which set out the operational framework for the Charity |
- Resourcing and the current financial position as set out in the latest published accounts |
- Future plans and objectives |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Auditors |
Chartered Accountants & Statutory Auditor |
Chartered Accountants |
52 Weymouth Drive |
Glasgow |
G12 0LX |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of T.a.s.k. Childcare Service for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
T.a.s.k. Childcare Service (Registered number: SC263085) |
REPORT OF THE TRUSTEES |
For The Year Ended 31 March 2024 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, V J Burgoyne & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Approved by order of the board of trustees on |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
T.A.S.K. CHILDCARE SERVICE |
Opinion |
We have audited the financial statements of T.a.s.k. Childcare Service (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 15 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
T.A.S.K. CHILDCARE SERVICE |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion: |
- | adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
T.A.S.K. CHILDCARE SERVICE |
Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. |
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with the management with the oversight of the Trustees. |
Based on our understanding of the Charity, discussions with management and Trustees we identified financial reporting standards and the Charity SORP as having a direct effect on the amounts and disclosures in the financial statements. |
As part of the engagement team discussion about how and where the Charity's financial statements may be materially misstated due to fraud we did not identify any areas with an increased risk of fraud. |
Our audit procedures included: |
- completing a risk-assessed process during our planning for this audit that specifically considered the risk of fraud: |
- enquiry of management about the Charity's policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliance: |
- examining supporting documents for all material balances, transactions and disclosures: |
- review, where applicable, of the Board of Trustees' minutes: |
- enquiry of management about litigation and claims and inspection of relevant correspondence: |
- analytical procedures to identify any unusual or unexpected relationships: |
- specific audit testing on and review of areas that could be subject to management override of controls and potential bias, most notably around the key judgements and estimates. including creditors and revenue recognition: |
Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). |
The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including the deliberate failure to record transactions, collusion or intentional misrepresentations being made to us |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF |
T.A.S.K. CHILDCARE SERVICE |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants & Statutory Auditor |
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 |
52 Weymouth Drive |
Glasgow |
G12 0LX |
T.a.s.k. Childcare Service |
STATEMENT OF FINANCIAL ACTIVITIES |
For The Year Ended 31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
430,414 | - | 430,414 | 375,357 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,832,406 |
T.a.s.k. Childcare Service (Registered number: SC263085) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 439,691 |
Restricted funds | 1,392,715 |
TOTAL FUNDS | 1,832,406 |
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 |
T.a.s.k. Childcare Service |
CASH FLOW STATEMENT |
For The Year Ended 31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 52,154 | 66,093 |
Net cash provided by operating activities | 52,154 | 66,093 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (4,034 | ) | - |
Interest received | 4,855 | 80 |
Net cash provided by investing activities | 821 | 80 |
Change in cash and cash equivalents in the reporting period |
52,975 |
66,173 |
Cash and cash equivalents at the beginning of the reporting period |
648,458 |
582,285 |
Cash and cash equivalents at the end of the reporting period |
701,433 |
648,458 |
T.a.s.k. Childcare Service |
NOTES TO THE CASH FLOW STATEMENT |
For The Year Ended 31 March 2024 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2024 | 2023 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
19,571 |
33,731 |
Adjustments for: |
Depreciation charges | 35,536 | 31,162 |
Interest received | (4,855 | ) | (80 | ) |
Decrease in debtors | 1,064 | - |
Increase in creditors | 838 | 1,280 |
Net cash provided by operations | 52,154 | 66,093 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.4.23 | Cash flow | At 31.3.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 648,458 | 52,975 | 701,433 |
648,458 | 52,975 | 701,433 |
Total | 648,458 | 52,975 | 701,433 |
T.a.s.k. Childcare Service |
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 FRS102, have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities:Statement of Recommended Practice applicable to the charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015)", the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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. |
If grant funding is received relating to future periods the amount relating to future periods is treated as deferred income. |
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 | - |
Fixtures and fittings | - |
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. |
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 makes payments on behalf of employees into a money purchase pension scheme. |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
2. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Donations |
Grants |
Grants received, included in the above, are as follows: |
2024 | 2023 |
£ | £ |
Area Committee | 2,814 | - |
Family Support Grant | 47,888 | 31,254 |
Health & Social Care Partnership | - | 44,898 |
Temporary Restriction Fund | - | 4,500 |
GCC Transitional Fund | - | 126,560 |
NHS GG | - | 7,000 |
GCC Communities Fund | 132,888 | - |
183,590 | 214,212 |
3. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Deposit account interest |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2024 | 2023 |
Activity | £ | £ |
Childcare Fees | Childcare | 195,370 | 191,542 |
Room Rental | Childcare | 5,878 | - |
Childcare Assisted Funding | Childcare | 229,166 | 183,815 |
Room Rental | Room Rental | - | 1,183 |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
5. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 6) | Totals |
£ | £ | £ |
Childcare | 474,370 | 130,224 | 604,594 |
6. | SUPPORT COSTS |
Governance |
Management | Finance | costs | Totals |
£ | £ | £ | £ |
Childcare | 126,038 | 186 | 4,000 | 130,224 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Auditors' remuneration | 4,000 | 4,000 |
Depreciation - owned assets |
Other operating leases | 6,866 | 5,817 |
8. | 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. |
9. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
441,294 | 412,269 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Childcare | 13 | 13 |
Administration and Janitorial | 4 | 4 |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
9. | STAFF COSTS - continued |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
2024 | 2023 |
£60,001 - £70,000 |
10. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 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 |
Included in cost or valuation of land and buildings is freehold land of £151,500 (2023 - £151,500) which is not depreciated. |
As a condition of funding the Big Lottery Fund holds a charge over the all the property at 347 Caledonia Road. All or part of the grant received from the Big Lottery Fund may become repayable over the next 8 years if the award conditions are breached. |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Prepayments and accrued income |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Other creditors |
Accrued expenses |
13. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 439,691 | 47,546 | 487,237 |
Restricted funds |
Restricted | 178,095 | (750 | ) | 177,345 |
Restricted Fixed Asset Fund | 1,214,620 | (27,225 | ) | 1,187,395 |
(27,975 | ) |
TOTAL FUNDS | 19,571 | 1,851,977 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 440,574 | (393,028 | ) | 47,546 |
Restricted funds |
Restricted | 183,591 | (184,341 | ) | (750 | ) |
Restricted Fixed Asset Fund | - | (27,225 | ) | (27,225 | ) |
( |
) | (27,975 | ) |
TOTAL FUNDS | ( |
) | 19,571 |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
13. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 386,339 | 53,352 | 439,691 |
Restricted funds |
Restricted | 170,491 | 7,604 | 178,095 |
Restricted Fixed Asset Fund | 1,241,845 | (27,225 | ) | 1,214,620 |
1,412,336 | (19,621 | ) | 1,392,715 |
TOTAL FUNDS | 1,798,675 | 33,731 | 1,832,406 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 378,619 | (325,267 | ) | 53,352 |
Restricted funds |
Restricted | 214,211 | (206,607 | ) | 7,604 |
Restricted Fixed Asset Fund | 1 | (27,226 | ) | (27,225 | ) |
214,212 | (233,833 | ) | (19,621 | ) |
TOTAL FUNDS | 592,831 | (559,100 | ) | 33,731 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 386,339 | 100,898 | 487,237 |
Restricted funds |
Restricted | 170,491 | 6,854 | 177,345 |
Restricted Fixed Asset Fund | 1,241,845 | (54,450 | ) | 1,187,395 |
1,412,336 | (47,596 | ) | 1,364,740 |
TOTAL FUNDS | 1,798,675 | 53,302 | 1,851,977 |
T.a.s.k. Childcare Service |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2024 |
13. | 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 | 819,193 | (718,295 | ) | 100,898 |
Restricted funds |
Restricted | 397,802 | (390,948 | ) | 6,854 |
Restricted Fixed Asset Fund | 1 | (54,451 | ) | (54,450 | ) |
397,803 | (445,399 | ) | (47,596 | ) |
TOTAL FUNDS | 1,216,996 | (1,163,694 | ) | 53,302 |
14. | RELATED PARTY DISCLOSURES |
15. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
We also use a business related to our auditors to administer our payroll function. |