## **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
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3
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5
6
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10
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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**|01/09/2021|**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| |||||| ## ##