Cl as si fic at io n: C O N FI D E N TI AL ## **Trustees’ Annual Report for the period** **From 01/09/2019 To 31/08/2020** **Charity name: Merry-go-round under 5’s** **Charity registration number: 1010031** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the education of children below
compulsory school age by;
(a) providing a safe and satisfying group play
in which parents have the right to take part.
(b) encouraging other charitable activities
through which parents may help the children
(c) furthering the aim of the pre-school
playgroups association| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Merry-Go-Round Under Fives provides
exciting preschool education and
opportunities for children under five from
Baldock and the surrounding area.
We are situated in the extensive grounds of
Hartsfield School. As well as two purpose-
built classrooms, we' re lucky enough to
have two enclosed outdoor play areas with a
wide range of outdoor learning facilities and
toys.
~ We are an independent, non-profit making
charity.
~ We are Ofsted registered.
~ We have a high ratio of staff to children-
we can focus on children's individual needs
and development.
~ We believe that care and education are
equally important.
~ We provide children with routines and
activities to ensure they feel safe, valued
and gain experience from socialising with
other children| |Statement confirming
whether the trustees have|Para 1.18|The trustees have had regard to the
guidance issued by the Charity Commission| Cl as si fic at io n: C O N FI D E N TI AL ||had regard to the guidance
issued by the Charity
Commission on public
benefit||on public benefit.|| |---|---|---|---|---| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Summary**
Due to the covid lockdown in March 2020
and social distancing when we re-opened in
June 2020, we were unable to hold our AGM
in October 2020.
As the last AGM was in October 2019, I
have noted all the facts and figures from
September 2019 to December 2020 as
follows
**Numbers on role for 2019 to 2020 school**
**year**
18 Nursery with
21 Pre-school from Sept to December 2019
rising to 28 from January to July 2020
**Waiting List**
Our waiting List continues to increase on a
weekly basis and we currently have 27
names with ages ranging from 16 months
upwards**.**
**Covid-19**| Cl as si fic at io n: C O N FI D E N TI AL In March 2020 we were required to close due to the pandemic. We remained closed until June 2020 as none of our parents’ needed childcare under the key worker eligibility. Before opening in late June, we had to carry out lengthy risk assessments, purchase mountains of PPE and hand sanitizer, restructure the setting and environment to make it as safe as we could. This was a very different and strange experience for all as we were required to allocate those returning children to ‘peer bubbles’ who were able to attend twice a week. Luckily the weather was on our side and the ‘peer bubbles’ were able to enjoy lots of outside activities. Unfortunately, the government restrictions also meant that we were unable to hold our planned events – no Shepreth trip, no sports day, no end of term family picnic. Most of the parents chose to keep their children at home which sadly meant that many were unable to complete their final weeks at MGR. September 2020 saw us re-open as normal with the continued emphasis on regular sterilising and hygiene procedures. November 2020 saw the country in another lockdown which meant we could not proceed as normal with our nursery nativity and Santa’s Grotto. The Nativity Production where all the nursery children play a part and sing went ahead but without an audience. Instead, we recorded it and made it available for parents to view. And, instead of our usual Santa’s Grotto get together we invited all the children to attend a Christmas party where they had the opportunity to see Santa in his open air grotto and receive a gift from him. **Additional information (optional)** You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives|Para 1.41|In a normal year we aim to raise c£2.5k
through fundraising. The Covid pandemic
meant the cancellation of the Baldock
Festival, our main fundraising event of the| Cl |Cl|||| |---|---|---|---| |as
si
fc
at
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FI
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E|||| ||set||year. We raised £1.6k as a result.| ||Investment performance
against objectives|Para 1.41|n/a| ||Other||| ||||| N TI AL Cl as si fic at io n: C O N FI D E N TI AL ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Despite the Covid pandemic, which covered
nearly half of the period, Merry-go-rounds’
finances are in a very healthy position. In the
year we made a surplus of £25k, with cash
reserves of £88k. The setting has not been
in such a strong position for a number of
years.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are set aside to
1.
Pay for the cost of demolishing the
setting if required,
2.
operating shortfalls, and
3.
investing in the setting| |Amount of reserves held|Para 1.22|£45k provision if the setting needs to be
demolished, the remaining £43k is for the
operating shortfall and investing in the
setting.| |Reasons for holding zero
reserves|Para 1.22|n/a| |Details of fund materially in
deficit|Para 1.24|n/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|We are in negotiations with Herts DC about
taking out a long-term lease. Whilst there will
be an increased rent, we will get security of
tenure which will enable us to invest on
building a new setting.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The principal source of funding is from Herts
DC. This year it amounted to 87% of our
income and it was this funding that insulated
us from the effects of the pandemic as we
received this income when the setting closed
for the academic year in March 2019.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|n/a| |A description of the principal
risks facing the charity|Para 1.46|1.
Falling child numbers. These have
fluctuated widely in the past, we
expect them to be down considerably
in 2021 as a knock-on effect of the
pandemic, however we are protected
in the short term by our large
reserves.
2.
Security of tenure. We have never
had a formal lease with North Herts
DC and have instead paid a| Cl as si fic at io n: C O N FI D E N TI AL Other peppercorn rent. This has meant we have traditionally had a large reserve in case we were required to vacate the setting. We are confident we can agree a 10-year lease at a fair rent which would enable us to invest in the settings infrastructure. Cl as si fic at io n: C O N FI D E N TI AL ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Election| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Merry-Go-Round Under 5’s| |---|---| |Other name the charity uses|| |Registered charity number|1010031| |Charity’s principal address|The Mobile, Hartsfield School Ground, Clothall Road,
Baldock, SG7 6PN| ||| Cl as si **Names of the charity trustees who manage the charity** fic **Trustee name Office (if any)** at **year** io 1 Mr Ian Haydon Chair n: C O N FI D E N TI AL |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Mr Ian Haydon|Chair|From 14 January2020|| ||Mr GaryCarey|Treasurer||| ||Mrs Sheila Ely|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** Cl as si **Funds held as custodian trustees on behalf of others** fic Description of the assets held in this capacity at io Name and objects of the n: charity on whose behalf the assets are held and how this C falls within the custodian O charity’s objects N FI Details of arrangements for safe custody and D segregation of such assets E from the charity’s own assets N TI AL **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** Cl n: C O N FI D E N TI AL as ## **Declarations** si fic **The trustees declare that they have approved the trustees’ report above.** at io **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Gary Carey **Position (eg Secretary,** Treasurer **Chair, etc)** **Date** 25[th] September 2023 ||**Merry-Go-Round Under 5's**
|**Merry-Go-Round Under 5's**
|**Merry-Go-Round Under 5's**
|**1010031**|**CC16a**| |---|---|---|---|---|---| ||**Receipts andpayments accounts**||||| ||**For the period**
**from**|01/09/2019|**To**|31/08/2020|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |Funding|**110,430**|**-**|**-**|**110,430**|**103,414**| |Fees|**16,012**|**-**|**-**|**16,012**|**19,384**| |Other Income|**1,695**

**128,138**|**-**
**-**|**-**|**1,695**
**128,138**|**2,744**| |**_Sub total_**_(Gross income for_
_AR)_|||**-**||**125,543**| ||||||| |**A2 Asset and investment sales,**
**(see table B1).**|||||| |Bank Interest|**28**|**-**|**-**|**28**|**13**| ||**-**
**28**|**-**
**-**|**-**|**-**
**28**|**-**| |~~**_Sub total_**~~
**_Total receipts_**
**A3 Payments**|||**-**||**13**| ||||||| ||**128,166**|**-**|**-**|**128,166**|**125,556**| ||||||| |
Wages|**87,097**|**-**|**-**|**87,097**|**94,934**| |Buildingandpremises|**4,541**|**-**|**-**|**4,541**|**5,105**| |Utilities|**4,254**|**-**|**-**|**4,254**|**3,495**| |Supplies|**2,074**|**-**|**-**|**2,074**|**3,697**| |Food & Activities|**572**|**-**|**-**|**572**|**1,161**| |Training& Advertising|**439**|**-**|**-**|**439**|**2,499**| |Insurance|**469**|**-**|**-**|**469**|**112**| |Miscellaneous|**2,829**
**102,276**|**-**
**-**|**-**|**2,829**
**102,276**|**488**| |**_Sub total_ **|||**-**||**111,491**| ||-||||| |**A4 Asset and investment**
**purchases, (see table)**|||||| ||**-**|**-**|**-**|**-**|| ||**-**
**-**|**-**
**-**|**-**|**-**
**-**|| |**_Sub total_ **|||**-**||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| ||**102,276**|**-**|**-**|**102,276**|**111,491**| ||||||| ||**25,890**|**-**|
**-**|
**25,890**|**14,065**| ||**-**|**-**|**-**|**-**|**-**| ||**62,261**|**-**|**-**|**62,261**|**48,196**| ||**88,151**|**-**|
**-**|**88,151**|**62,261**| |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|| |---|---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**|(agree balances with receipts and payments
account(s))
**Details**
Treasurers Account
Business Instant Account
30 day Account
**_Total cash funds_**
**Details**
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**to nearest £**
**15,120**
**73,031**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||**88,151**|**-**|**-**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**When due**
**(optional)**| |||||| |||||| |||||| |||||| |||||| |||||| |||||Date of
approval| |||||25-Sep-23| |||||| ## ##