Annual Report 1998-9
TREASURER’S REPORT
The
Consolidated Statement of Financial Activities,
Consolidated Balance Sheet and
Appendices 1 + 2 (showing full list of donors)
for the year 1 September 1998-31 August 1999 are to be found directly after this page on pages 18 and 19.
Anyone wishing to see the Full Accounts should telephone the Director, Arabella Churchill, on 01458 832925 to arrange this.
The Consolidated Statement of Financial Activities on Page18 shows net outgoing resources of £219 (1998 net incoming resources of £20,510).
The Consolidated Balance Sheet on Page 19 continues to show a satisfactory position with funds totalling £45,132 (1998: £45,351).
Subject to satisfactory reports, we will be receiving 2 more yearly grants of £15,000 p.a. from the Lankelly Foundation from April 2000 for the wages of our Chief Playleader Paddy Hill, for which we are most grateful as it has made the Charity far more stable and enabled far more work to take place.
We have been most fortunate in receiving since 31 August 1999, a Millennium Festival Award of up to £20,000 towards our Millennium Schools Festival Tour which will take place in the spring and summer terms 2000.
We are pleased to have received statutory funding from Somerset County Council Education Department, Mendip District Council and Somerset County Council Social Services. We expect this statutory funding to continue and increase.
We will be applying shortly to many grant-giving bodies for financial assistance towards specific tours and general running costs as well as for equipment for the Sensory Dome project and the new Children’s World Garden project. In addition we need to raise funds for a new touring vehicle.
We are confident that the annual Glastonbury Children’s Festival will continue to raise funds for Children’s World, and hope that the Millennium Bristol Children’s Festival will prove to be as big a success and also become a popular annual event which can also support the Charity.
We expect to earn some funds in the coming year by providing play services to other organisations.
We expect Children’s World Enterprises Ltd., our new trading company, to raise funds for both the Children’s World Charity and Children’s World International by running cafes, ice cream stalls etc. at large events.
We feel confident that we will raise the monies needed to complete the exciting plans we have for next year, and we expect that the fund-raising consultancy and linked business plan preparation will enable us to secure the future of the Charity so that our exciting and innovative work can continue for many years to
Children's World
Consolidated Statement of Financial Activities
for the year ended 31 August 1999
| |
Unrestricted
|
Restricted
|
Total
|
Total
|
| |
Funds
|
Funds
|
1999
|
1998
|
| |
£
|
£
|
£
|
£
|
| INCOMING
RESOURCES |
|
|
|
|
|
|
|
|
|
| Grants
& Donations |
25310
|
33130
|
58440
|
61693
|
| Less:
Grants Deferred |
-
|
(8750)
|
(8750)
|
-
|
| |
__________
|
__________
|
_______
|
|
| |
25310
|
24380
|
49690 |
61693
|
|
|
|
|
|
| Interest
Receivable |
2086
|
-
|
2086
|
1227
|
| Other
Income |
1805
|
-
|
1805
|
705
|
| Net
Income from Trading Activities |
9542
|
-
|
9542
|
-
|
| |
__________ |
__________ |
_______ |
______ |
| Total Incoming Resources |
38743
|
24380
|
63123
|
63625
|
| |
__________ |
__________ |
_______ |
______ |
|
|
|
|
|
| RESOURCE EXPENDED |
|
|
|
|
|
|
|
|
|
| Direct Charitable
Expenditure |
41175
|
21300
|
62475
|
43100
|
| Other Expenditure: |
|
|
|
|
|
Management
& Administration Costs
|
500
|
---
|
500
|
|
|
Finance
& Other Costs
|
367
|
---
|
367
|
15
|
|
|
|
_______ |
______ |
| Total Resource Expended |
42042
|
21300
|
63342
|
43115
|
|
__________ |
__________ |
_______ |
______ |
| NET (OUTGOING)/INCOMING |
|
|
|
|
|
| RESOURCES
AND MOVEMENT |
|
|
|
|
| IN FUNDS
FOR THE YEAR |
(3299)
|
3080
|
(219)
|
20510
|
| |
__________ |
__________ |
_______ |
______ |
| FUND
BALANCES BROUGHT |
|
|
|
|
| FORWARD
AT 1 SEPTEMBER 1998 |
45351
|
---
|
45351
|
24841
|
| |
__________ |
__________ |
_______ |
______ |
| FUND
BALANCES CARRIED |
|
|
|
|
| FORWARD
AT 31 AUGUST 1999 |
42052
|
3080
|
45123
|
45351
|
| |
__________ |
__________ |
_______ |
_______ |
Children's World
Consolidated Balance Sheet
as at 31 August 1999
| |
1999
|
1998
|
| |
£
|
£
|
|
FIXED
ASSETS
|
|
|
| |
|
|
| Tangible
Fixed Assets |
2275
|
1100
|
| |
|
|
| CURRENT
ASSETS |
|
|
|
|
|
| Debtors |
5645
|
20889
|
| Cash at
Bank |
56829
|
31772
|
|
_________ |
_________ |
|
62474
|
52661
|
|
CREDITORS:
AMOUNTS FALLING DUE
|
|
|
|
WITHIN
ONE YEAR
|
(19617)
|
(8410)
|
|
_________ |
_________ |
|
|
|
| NET CURRENT
ASSETS |
42857
|
44251
|
|
_________ |
_________ |
|
|
|
| NET ASSETS |
45132
|
45351
|
|
_________ |
_________ |
|
|
|
| FUNDS |
|
|
| Income Funds:- |
|
|
| Restricted
Funds |
3080
|
-
|
| Unrestricted
Funds |
42052
|
45351
|
|
_________ |
_________ |
|
45132
|
45351
|
|
_________ |
_________ |
Independent Examiner's Statement
to the Trustees of Children's World
" I have examined the summarised financial statements."
Respective Responsibilities of
Trustees and Independent Examiner
"You are responsible as Trustees for the preparation
of the summary financial statement.
I have agreed to report to you my opinion on the
summarised statements' consistency with the full statements,
on which I reported to you on 11 January 2000."
Basis of Opinion
I have carried out the procedures I consider necessary to
ascertain whether the c
are consistent with the full financial statements
from which they have been prepared."
Opinion
In my opinion the summarised financial statements
are consistent with the full financial statement
for the year ended 31 August 1999."
Andrew Davies FCA
Berkeley Jackson
Chartered Accountants
The Old Mill,
Park Road,
Shepton Mallet,
Somerset BA4 5BS
21 January 2000
Children's World
Detailed Income
and
Expenditure Account
for the year ended
31 August 1999
| |
|
1999
|
|
1998
|
| |
£
|
£
|
£
|
£
|
| INCOME |
|
|
|
|
| Grants & Donations |
|
|
|
|
| Sundry Grants & Gifts
|
|
30925
|
|
18280
|
| Supporters' Fundraising
Activities |
|
8715
|
|
37863
|
| Contribution from Mendip
District Council |
|
|
|
|
| for Glastonbury Children's
Festival |
|
1000
|
|
-
|
| |
|
|
|
|
| Tour Donations |
|
|
|
|
| Contribution from Schools |
|
3050
|
|
5550
|
| Contribution from Somerset
County Council |
|
|
|
|
| -Education Department |
|
2000
|
|
-
|
| Contribution from Somerset
County Council |
|
|
|
|
| -Social Services Department |
|
4000
|
|
-
|
| |
|
________ |
|
_______ |
| |
|
49690
|
|
61693
|
| |
|
|
|
|
| Net Trading Income |
|
9542
|
|
-
|
| Interest Receivable |
|
2086
|
|
1227
|
| Other Income |
|
1805
|
|
705
|
| |
|
________ |
|
_______ |
| |
|
63123
|
|
63625
|
| |
|
|
|
|
| EXPENDITURE |
|
|
|
|
| Direct Charitable: |
|
|
|
|
| Depreciation |
625
|
|
-
|
|
| Materials & Equipment |
5092
|
|
3249
|
|
| Central Wages |
15386
|
|
4509
|
|
| Office Expenses |
2700
|
|
1332
|
|
| Travel & Transport |
1734
|
|
1389
|
|
| Insurance |
454
|
|
429
|
|
| Tours ( including wages) |
33632
|
|
27029
|
|
| Consultancy |
-
|
|
5032
|
|
| Professional Fees |
1964
|
|
-
|
|
| Lock Up Expenses |
888
|
|
131
|
|
| |
|
|
________ |
|
| |
62475
|
|
43100
|
|
| Management & Administration: |
|
|
|
|
| Professional Fees |
500
|
|
-
|
|
| |
|
|
________ |
|
| Finance & Other Costs: |
|
|
|
|
| Bank Charges |
367
|
|
15
|
|
| |
________
|
63342
|
________ |
43115
|
| |
|
________ |
|
________ |
| |
|
|
|
|
| NET (DEFICIT) / SURPLUS |
|
(219)
|
|
20510
|
Children's
World
Notes To the Detailed
Income and Expenditure Account
For The Year Ended
31 August 1999
| |
|
|
|
1999
|
| 1. |
Grants & Gifts |
|
|
£
|
| |
|
|
|
|
| a) |
Trusts
|
|
|
|
| |
|
Lankelly Foundation........................15000 |
|
|
| |
|
less carried forward to
1999/2000....(8750) |
6250
|
|
| |
|
Rayne Foundation |
1000
|
|
| |
|
Edgar Foundation |
250
|
|
| |
|
Ian Karten Charitable Trust |
100
|
|
| |
|
John&Celia Bonham-Christie |
|
|
| |
|
Charitable Trust
|
300
|
|
| |
|
Enid Blyton Trust |
500
|
|
| |
|
St. Sarkis Charitable Trust |
1000
|
|
| |
|
The Alchemy Foundation |
500
|
|
| |
|
Joyce Fletcher Charitable
Trust |
1000
|
|
| |
|
Towry Law Charitable Trust |
2000
|
|
| |
|
Sir Jules Thorn Charitable
Trust |
500
|
|
| |
|
D'Oyly Carte Charitable
Trust |
3000
|
|
| |
|
P.F. Charitable Trust |
500
|
|
| |
|
Anonymous |
1000
|
|
| |
|
Laing Trust |
100
|
|
| |
|
Verdon Smith Charitable
Trust |
125
|
|
| |
|
Mr & Mrs J.A.Pye's
No.1 |
|
|
| |
|
Charitable Settlement
|
1000
|
|
| |
|
Fitton Trust |
150
|
|
| |
|
The BBC Children in Need
Appeal |
5000
|
|
| |
|
R & S Bancroft Clark
Charitable Trust |
100
|
|
| |
|
Arnold Foundation |
500
|
|
| |
|
Workers Beer Company |
1300
|
|
| |
|
Charities Aid Foundation |
3080
|
|
| |
|
|
________ |
29255
|
| b) |
Individuals
|
|
|
|
| |
|
J.P. Harris |
138
|
|
| |
|
L. Waldron |
20
|
|
| |
|
P. Rogers |
40
|
|
| |
|
Anonymous |
25
|
|
| |
|
|
________ |
223
|
| c) |
Local Events
|
|
|
|
| |
|
Glastonbury Road Run |
250
|
|
| |
|
Mid Somerset Series of
Newspapers |
|
|
| |
|
Carol Service
|
588
|
|
| |
|
Milfield Prep School |
200
|
|
| |
|
Egg Roll |
409
|
|
| |
|
|
________ |
1447
|
| |
|
|
|
________ |
| |
|
|
|
30925
|
| |
|
|
|
________ |
| | | |
Giving