Trustees’ Annual Report for the period
From 01/09/2021 To 31/08/2022
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 enjoyed a busy year with our nursery and pre-school full by the end of the academic year. Numbers on role between September 2021 and July 2022 36 on register in September - 20 Nursery and 16 pre-school 46 on register between January and July - 20 Nursery and 26 Pre-school Although numbers on role have varied over the past 3 years, the occupancy of sessions has meant that numbers in on a daily basis have remained the same, with mornings full by the Spring/Summer terms. The past 3 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 22 names with ages ranging from 7 months upwards. |
Donations / Grants We were incredibly grateful to local councillor Michael Muir, who generously gave £814 from his locality grant to Merry Go Round, to fund the purchase of new tables for both classrooms We were also grateful to Caroline Lewis who organised the Jumble Sale trail as a fundraiser for Merry Go Round. We were delighted to receive a fantastic £216.
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 | This year saw a return to normal fundraising activities with fundraising being close to our expected level. |
| 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 | This was another successful year with numbers higher than expected. Merry-go- rounds’ finances continued to improve. In the year we made a surplus of £13k, which put our cash balance at an all time high of nearly £120k. |
| 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 are close to conclusion. With uncertainly over the use of the mobile, we will use some of our surplus to update it over the next 12 months. |
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 80% of our income, slightly down on previous years. |
|---|---|---|
| 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, whilst we expected them to fall in 2022 this did not happen. It may have, however, been deferred until 2023. We remain 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 on the verge of agreeing a new 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 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 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 |
01/09/2021 | To | 31/08/2022 | ||
| 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 | 103,853 | - | - | 103,853 | 92,753 |
| Fees | 27,357 | - | - | 27,357 | 17,956 |
| Other Income | 2,463 133,673 |
- - |
- | 2,463 133,673 |
3,102 |
| Sub total(Gross income for AR) |
- | 113,811 | |||
| A2 Asset and investment sales, (see table B1). |
|||||
| Bank Interest | 12 | - | - | 12 | - |
| - 12 |
- - |
- | - 12.00 |
- | |
| ~~Sub total~~ Total receipts A3 Payments |
- | - | |||
| 133,685 | - | - | 133,685 | 113,811 | |
Wages |
96,596 | - | - | 96,596 | 79,059 |
| Buildingandpremises | 4,387 | - | - | 4,387 | 4,444 |
| Utilities | 6,348 | - | - | 6,348 | 3,574 |
| Supplies | 1,789 | - | - | 1,789 | 1,419 |
| Food & Activities | 2,165 | - | - | 2,165 | 1,924 |
| Training& Advertising | 1,674 | - | - | 1,674 | 1,432 |
| Insurance | 535 | - | - | 535 | - |
| Miscellaneous | 7,166 120,660 |
- - |
- | 7,166 120,660 |
3,237 |
| **Sub total ** | - | 95,088 | |||
| 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 |
|||||
| 120,660 | - | - | 120,660 | 95,088 | |
| 13,025 | - | - |
13,025 |
18,723 | |
| - | - | - | - | - | |
| 106,874 | - | - | 106,874 | 88,152 | |
| 119,899 | - | - |
119,899 | 106,874 |
| 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 B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Signature Details Details Details Details Treasurers Account Business Instant Account 30 day Account Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds to nearest £ 17,848 102,051 |
Restricted funds to nearest £ - - - |
Endowment funds to nearest £ |
| - | ||||
| - | ||||
| - | ||||
| 119,899 | - | - | ||
| OK | ||||
| Endowment funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
||||
| Date of approval |
||||
| 25-Sep-23 | ||||