## **Trustees’ Annual Report for the period** **From 01/09/2020 To 31/08/2021** ## **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
had regard to the guidance|Para 1.18|The trustees have had regard to the
guidance issued by the Charity Commission
on public benefit.| issued by the Charity Commission 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**
Merry Go Round Nursery and Pre-school
has had a successful year, despite the
impact the pandemic had on all educational
settings.
**Numbers on role for September 2020 to**
**July 2021**
16 Nursery with
15 pre-school who started in September and
an additional 7 who joined us from March
2021, totalling 22 until the end of the
academic year.
Although numbers on role have varied over
the past 2 years, the occupancy of sessions
has meant that numbers in on a daily basis
have remained the same, with mornings
approaching full by the Spring/Summer
terms. The past 2 years has also seen
occupancy slightly increase in the
afternoons.
**Waiting List**
Our Waiting List continues to increase on a
weekly basis and we currently have 31| names with ages ranging from 5 months upwards. **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
set|Para 1.41|In a normal year we aim to raise c£2.5k
through fundraising. The continued impact of
the Covid pandemic meant the cancellation
of the Baldock Festival, our main fundraising
event of the year.| |Investment performance
against objectives|Para 1.41|n/a| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Despite the continued restrictions at the tail
end of the Covid pandemic, , Merry-go-
rounds’ finances continued to improve. In the
year we made a surplus of £19k, with cash
in excess of £100k for the first time in recent
history.| |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|Negotiations with Herts DC about taking out
a long-term lease continue to drag on. 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 85% of our
income and this has continued to insulated
us from the tail end of the pandemic| |---|---|---| |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 2022 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
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. Other ## **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| ||| **Names of the charity trustees who manage the charity** |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||| ||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** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **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** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **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**|01/09/2020|**To**|31/08/2021|| ||||||| |**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|**92,623**|**-**|**-**|**92,623**|**110,430**| |Fees|**18,637**|**-**|**-**|**18,637**|**16,075**| |Other Income|**2,928**

**114,189**|**-**
**-**|**-**|**2,928**
**114,189**|**1,633**| |**_Sub total_**_(Gross income for_
_AR)_|||**-**||**128,138**| ||||||| |**A2 Asset and investment sales,**
**(see table B1).**|||||| |Bank Interest|**8**|**-**|**-**|**8**|**28**| ||**-**
**8**|**-**
**-**|**-**|**-**
**8**|**-**| |~~**_Sub total_**~~
**_Total receipts_**
**A3 Payments**|||**-**||**28**| ||||||| ||**114,197**|**-**|**-**|**114,197**|**128,166**| ||||||| |
Wages|**79,445**|**-**|**-**|**79,445**|**87,097**| |Buildingandpremises|**4,337**|**-**|**-**|**4,337**|**4,146**| |Utilities|**3,574**|**-**|**-**|**3,574**|**4,254**| |Supplies|**1,419**|**-**|**-**|**1,419**|**2,326**| |Food & Activities|**1,611**|**-**|**-**|**1,611**|**572**| |Training& Advertising|**1,261**|**-**|**-**|**1,261**|**775**| |Insurance|**527**|**-**|**-**|**527**|**84**| |Miscellaneous|**3,301**
**95,474**|**-**
**-**|**-**|**3,301**
**95,474**|**3,021**| |**_Sub total_ **|||**-**||**102,275**| ||||||| |**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_**|||||| ||**95,474**|**-**|**-**|**95,474**|**102,275**| ||||||| ||**18,723**|**-**|
**-**|
**18,723**|**25,891**| ||**-**|**-**|**-**|**-**|**-**| ||**88,152**|**-**|**-**|**88,152**|**62,261**| ||**106,874**|**-**|
**-**|**106,874**|**88,152**| |**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 £**
**6,835**
**100,039**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||**106,874**|**-**|**-**| |||||OK| |||||**Endowment**
**funds**
**to nearest £**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**When due**
**(optional)**| |||||| |||||| |||||| |||||| |||||| |||||| |||||Date of
approval| |||||25-Sep-23| |||||| ## ##