2021-08-31-accounts - Yarburgh Community Preschool

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REGISTERED CHARITY NUMBER: 1025289

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2021

for Yarburgh Community Playgroup

Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW

Yarburgh Community Playgroup

Contents of the Financial Statements
for the Year Ended 31 August 2021
	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5to9
Detailed Statement of Financial Activities	10

Yarburgh Community Playgroup

Chairman’s Report for the Year Ended 31 August 2021

Welcome everyone, thank you for taking the time to join us this evening and show an interest in joining the Yarburgh committee.

I have been on the committee for 2 years and what a 2 years it has been… my twin’s girls Sienna & Paige which some of your children may know have now moved onto primary school. I personally can’t thank Yarburgh enough for their time here, they loved it and still talk about the staff and friends.

This has been the most extraordinary year again. Expectations and plans have been overturned and new ones have swiftly, and sometimes sadly, had to be put in place due to covid restrictions. I would like to take the opportunity to thank our staff for working so hard to keep the children safe and keeping the learning fun and let’s hope we can continue to work as we are now ‘nearly normal’.

Lucy has now been the manager of Yarburgh since February 2019. Becky has worked for us since 2017 as our Senco. Charlie our assistant, who has been working very hard over the past year to gain her Level 2 qualifications. Owing to delays caused by the coronavirus, but we are sure that she will be fully qualified soon. Then our newest member of staff Emily who has lots experience working and teaching children. We also have regular bank staff Davina, Rebecca and Heidi available to support us when required.

This year August to August: Claire was our longest-serving member of staff of 31 years retired.

Over the past year, we have had a very healthy number of children on roll at Yarburgh. Attendance was obviously affected by Covid-19, as we followed guidance recommended by the local authority on numbers that could attend and prioritising those that did according to their criteria. (Children attending school in the Autumn, children of key workers and vulnerable children.)

Fundraising has obviously been disrupted this year, however, we have successfully applied and received grants from local charitable organisations, helping make up this short-fall.

In these difficult times, we are very grateful for the local charities who have helped us buy such lovely equipment for our children. Although fundraising obviously has its challenges at the moment. There are the possibilities of other grants to apply for and I'm sure this is an avenue the new committee will be keen to explore and plan for new fundraising events for next year.

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Yarburgh Community Playgroup

Report of the Trustees for the Year Ended 31 August 2021

The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

FINANCIAL REVIEW

Financial position

I have received the accounts for the financial year ended 31st August 2021 in accordance with the records submitted by me to the Reporting Accountant and have recommended that the trustees allow me to accept them and sign them on their behalf.

The total income for the year was £109,361 compared to the previous year when the comparable figure was £108,038.

The total costs for the year were £96,430 compared to the previous year when the comparable figure was £107,523.

This results in a net increase in funds for 2021 of £12,931 compared to a net increase of £515 in 2020.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1025289

Principal address Highfield Road East Grinstead RH19 2DX

Trustees

A Taylor C Emmerson (resigned 18.11.20) C Williams (resigned 18.11.20) S Clark (appointed 18.11.20) M Casey (appointed 18.11.20)

Independent Examiner

Aidan Patrick Smyth ACA FCCA Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ A Taylor - Trustee

Page 2

Independent Examiner's Report to the Trustees of Yarburgh Community Playgroup

Independent examiner's report to the trustees of Yarburgh Community Playgroup

I report to the charity trustees on my examination of the accounts of Yarburgh Community Playgroup (the Trust) for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Aidan Patrick Smyth ACA FCCA Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW

Date: .............................................

Page 3

Yarburgh Community Playgroup

Statement of Financial Activities for the Year Ended 31 August 2021

INCOME AND ENDOWMENTS FROM Donations & fees Other trading activities Investment income Total EXPENDITURE ON Charitable activities Education & welfare Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Notes 2 3 4	2021 fund £ 108,473 887 1 109,361 96,430 96,430 12,931 50,712 63,643 Unrestricted	2020 Total funds £ 106,931 1,086 21 108,038 107,523 107,523 515 50,197 50,712

The notes form part of these financial statements

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Yarburgh Community Playgroup

Statement of Financial Position 31 August 2021

FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS Notes 8 9 10 11 2021 fund £ 6,907 149 58,549 58,698 (1,962) 56,736 63,643 63,643 63,643 63,643 Unrestricted	2020 Total funds £ 5,996 - 46,276 46,276 (1,560) 44,716 50,712 50,712
	50,712 50,712

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. A Taylor - Trustee

The notes form part of these financial statements

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Yarburgh Community Playgroup

Notes to the Financial Statements for the Year Ended 31 August 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

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|||| |---|---|---| |2021|2020| |£|£| |Other activities|887|1,086|

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continued...

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Yarburgh Community Playgroup

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

3. INVESTMENT INCOME

4.

Interest receivable CHARITABLE ACTIVITIES COSTS Education & welfare	2021 2020 £ £ 1 21 Support costs £ 96,430

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

7.

Childcare & administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations & fees Other trading activities Investment income Total EXPENDITURE ON Charitable activities Education & welfare Total NET INCOME	2021 2020 8 9 Unrestricted fund £ 106,931 1,086 21 108,038 107,523 107,523 515

continued...

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Yarburgh Community Playgroup

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS Total funds brought forward 8. TANGIBLE FIXED ASSETS COST At 1 September 2020 Additions At 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 9. Trade debtors TOTAL FUNDS CARRIED FORWARD DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2021 £ 149 fund £ 50,197 50,712 Fixtures and fittings £ 26,419 3,213 29,632 20,423 2,302 22,725 6,907 5,996 2020 £ - Unrestricted	2021 £ 149 fund £ 50,197 50,712 Fixtures and fittings £ 26,419 3,213 29,632 20,423 2,302 22,725 6,907 5,996 2020 £ - Unrestricted	2021 £ 149 fund £ 50,197 50,712 Fixtures and fittings £ 26,419 3,213 29,632 20,423 2,302 22,725 6,907 5,996 2020 £ - Unrestricted

			Fixtures and fittings £ 26,419 3,213 29,632 20,423 2,302 22,725 6,907 5,996 2020 £ -

continued...

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Yarburgh Community Playgroup

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020 £ 1,056 - 504 1,560 At 31.8.21 £ 63,643 63,643 in funds £ 12,931 12,931 Movement		2020 £ 1,056 - 504 1,560
		At 31.8.21 £ 63,643 63,643


At 31.8.20 £ 50,712 50,712 in funds £ 515 515 Movement	At 31.8.20 £ 50,712 50,712

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continued...

Yarburgh Community Playgroup

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.9.19 £ 50,197 50,197	Net movement in funds £ 13,446 13,446	At 31.8.21 £ 63,643
			63,643

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 217,399 217,399	Resources expended £ (203,953) (203,953)	in funds £ 13,446 Movement
			13,446

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

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Yarburgh Community Playgroup

Detailed Statement of Financial Activities for the Year Ended 31 August 2021

INCOME AND ENDOWMENTS Donations & fees Donations Fees receivable Other trading activities Other activities Investment income Interest receivable Total incoming resources EXPENDITURE Education & welfare Education & materials Milk & food purchases Support costs Management Wages & staff costs Pensions Rent, cleaning & repairs Insurance & subscriptions Postage, stationery & phone Advertising & fundraising Sundry expenses Depreciation of fixed assets Finance Bank charges Bad debts Governance costs Accountancy & bookkeeping fees Total resources expended Net income	2021 £ 3,500 104,973 108,473 887 1 109,361 4,102 1,125 5,227 71,046 2,320 11,502 1,155 1,584 - 64 2,302 89,973 84 12 96 1,134 96,430 12,931	2020 £ 1,225 105,706 106,931 1,086 21 108,038 3,288 798 4,086 83,291 2,865 9,941 1,153 1,859 450 399 1,999 101,957 61 411 472 1,008 107,523 515

This page does not form part of the statutory financial statements

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