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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 2024

FOR

THE COMMUNITY PLAYCENTRE @ WALBERTON

THE COMMUNITY PLAYCENTRE @ WALBERTON






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




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 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 31st May 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).

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
Ms J C Hutchison Accounts Manager
Mrs D H Rogers Retired
R M Rogers Retired
T Hewson Volunteer
Ms J Meissel Supply Chain Manager (appointed 1.1.2024)
Mrs R Hawkins Teacher (appointed 1.1.2024)

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

Approved by order of the board of trustees on 10th February 2025 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 2024.

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

10th February 2025

THE COMMUNITY PLAYCENTRE @ WALBERTON

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MAY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 479 -

Charitable activities
Nursery 470,193 394,124

Other trading activities 2 4,311 5,945
Investment income 3 1,707 1,816
Total 476,690 401,885

EXPENDITURE ON
Raising funds 4 467,778 427,424


NET INCOME/(EXPENDITURE) 8,912 (25,539 )


RECONCILIATION OF FUNDS
Total funds brought forward 395,201 420,740

TOTAL FUNDS CARRIED FORWARD 404,113 395,201

THE COMMUNITY PLAYCENTRE @ WALBERTON (REGISTERED NUMBER: 07640357)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Intangible assets 9 3,067 3,867
Tangible assets 10 333,547 341,095
336,614 344,962

CURRENT ASSETS
Debtors 11 1,599 2,235
Cash at bank and in hand 235,329 198,227
236,928 200,462

CREDITORS
Amounts falling due within one year 12 (41,936 ) (19,300 )

NET CURRENT ASSETS 194,992 181,162

TOTAL ASSETS LESS CURRENT
LIABILITIES

531,606

526,124

CREDITORS
Amounts falling due after more than one year 13 (127,493 ) (130,923 )

NET ASSETS 404,113 395,201
FUNDS 16
Unrestricted funds 404,113 395,201
TOTAL FUNDS 404,113 395,201

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.


THE COMMUNITY PLAYCENTRE @ WALBERTON (REGISTERED NUMBER: 07640357)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 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 10th February 2025 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 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.

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 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 3,474 3,039
Booking fees 420 1,585
Government grants 417 1,321
4,311 5,945

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 1,707 1,816

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 25,758 21,675

5. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 9,083 8,875
Hire of plant and machinery 2,377 2,150
Deficit on disposal of fixed assets - 136
Development costs amortisation 800 133

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st May 2024 nor for the year ended 31st May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st May 2024 nor for the year ended 31st May 2023.



THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. STAFF COSTS

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

2024 2023
Nursery School 23 22

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

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Charitable activities
Nursery 394,124

Other trading activities 5,945
Investment income 1,816
Total 401,885

EXPENDITURE ON
Raising funds 427,424


NET INCOME/(EXPENDITURE) (25,539 )


RECONCILIATION OF FUNDS
Total funds brought forward 420,740

TOTAL FUNDS CARRIED FORWARD 395,201

9. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st June 2023 and 31st May 2024 4,000
AMORTISATION
At 1st June 2023 133
Charge for year 800
At 31st May 2024 933
NET BOOK VALUE
At 31st May 2024 3,067
At 31st May 2023 3,867

THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

10. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st June 2023 398,558 38,346 3,083 439,987
Additions - 1,056 479 1,535
Disposals - (1,616 ) - (1,616 )
At 31st May 2024 398,558 37,786 3,562 439,906
DEPRECIATION
At 1st June 2023 59,435 37,267 2,190 98,892
Charge for year 7,971 571 541 9,083
Eliminated on disposal - (1,616 ) - (1,616 )
At 31st May 2024 67,406 36,222 2,731 106,359
NET BOOK VALUE
At 31st May 2024 331,152 1,564 831 333,547
At 31st May 2023 339,123 1,079 893 341,095

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 759
Prepayments 1,599 1,476
1,599 2,235

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14) 3,395 3,395
Trade creditors 151 1,121
Other creditors 4,322 3,640
Accruals and deferred income 9,016 8,627
Accrued expenses 25,052 2,517
41,936 19,300


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 14) 127,493 130,923

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 3,395 3,395
Amounts falling between one and two years:
Bank loans - 1-2 years 3,395 3,395
Amounts falling due between two and five years:
Bank loans - 2-5 years 124,098 127,528

15. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 130,888 134,318

16. MOVEMENT IN FUNDS
Net
movement At
At 1.6.23 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 395,201 8,912 404,113

TOTAL FUNDS 395,201 8,912 404,113

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 476,690 (467,778 ) 8,912

TOTAL FUNDS 476,690 (467,778 ) 8,912


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for 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

Comparative 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 )

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

Net
movement At
At 1.6.22 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 420,740 (16,627 ) 404,113

TOTAL FUNDS 420,740 (16,627 ) 404,113

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 878,575 (895,202 ) (16,627 )

TOTAL FUNDS 878,575 (895,202 ) (16,627 )


THE COMMUNITY PLAYCENTRE @ WALBERTON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st May 2024.