REGISTERED CHARITY NUMBER: 1025289
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
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 2022
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Yarburgh Community Playgroup
Chairman's Report for the Year Ended 31 August 2022
I want to welcome everyone to the Annual General meeting and thank you for attending.
I have been on the Committee for 2 years now, first as Secretary and for the previous year as Chair. It has been a very interesting and immensely rewarding time. We have had a lot of changes both visible one and others behind the scenes. In December last year our former manager Lucy left as did the Supervisor. We are very pleased to have Sue join as manager permanently this term having assisted us on a consultancy basis last year. Heidi re-joined the organisation, coming back as our supervisor, Emily stepped up to the role of Educational lead and Chelsea joined us in February taking on the Special Educational Needs Co-ordinator role. Sam has very gracefully and competently assisted us through the year but has decided to move on at the end of the year.
I have to give special thanks to Charlie, Davina and Rebecca who gave us so much time and effort throughout what was a quite uncertain period at the beginning of 2022. Since then we have also had Tracey join as bank staff and we are delighted to have her on board.
The management team have been updating risk assessments and policies and procedures to ensure that we are confidently and consistently providing a safe and engaging environment for children to learn and grow. We have reviewed the offer we are making as a preschool to both children and parent and changes have been made to improve the organisation. I hope you will agree with me that the educational program now in place, especially for those children that are 3 years and over is exceptional. The children are learning phonics in stepping Stones in preparation for school but also covering all the area's required under the Early Years Framework.
With Covid almost a distant memory the children are out and about more and we are engaging with the new needs of children who have started their life with the limited social experience Covid created. There are increased needs around language skills and social skills which are being addressed constantly by simply being within this type of setting day to day.
Given the current economic uncertainty our recent fundraising efforts have been to apply to Grants from larger charitable and community organisations to assist in meeting our needs - I will leave it to the Treasurer to provide more details on this. As a charitable organisation we are always looking for new fundraising opportunities whilst remaining conscious of the financial pressures faced by families so if you have any ideas the Committee are always happy to discuss.
I feel the Preschool has come a long way from last November, following considerable staff changes, an ever-changing economic climate and the after effects of Covid we are continuing to offer a wonderful space with an amazing team to educate and engage your children daily. My final words are simply to repeat my thanks to the team here who have worked so hard this last year and achieved so much.
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Yarburgh Community Playgroup
Report of the Trustees for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 2022 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 £90,720 compared to the previous year when the comparable figure was £109,349.
The total costs for the year were £112,808 compared to the previous year when the comparable figure was £96,418.
This results in a net decrease in funds for 2022 of £22,088 compared to a net increase of £12,931 in 2021.
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 S Clark (resigned 17.11.21) M Casey H Martin (appointed 17.11.21)
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
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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 2022.
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
-
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: .............................................
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Yarburgh Community Playgroup
Statement of Financial Activities for the Year Ended 31 August 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 90,362 Other trading activities 2 346 Investment income 3 12 Total 90,720 EXPENDITURE ON Charitable activities 4 Education & welfare 112,808 NET INCOME/(EXPENDITURE) (22,088) RECONCILIATION OF FUNDS Total funds brought forward 63,643 TOTAL FUNDS CARRIED FORWARD 41,555 |
2021 Total funds £ 108,461 887 1 109,349 96,418 12,931 50,712 63,643 |
|---|---|
The notes form part of these financial statements
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Yarburgh Community Playgroup
Statement of Financial Position
31 August 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 6,013 CURRENT ASSETS Debtors 9 254 Cash at bank 51,348 51,602 CREDITORS Amounts falling due within one year 10 (16,060) NET CURRENT ASSETS 35,542 TOTAL ASSETS LESS CURRENT LIABILITIES 41,555 NET ASSETS 41,555 FUNDS 11 Unrestricted funds 41,555 TOTAL FUNDS 41,555 |
2021 Total funds £ 6,907 149 58,549 58,698 (1,962) 56,736 63,643 63,643 63,643 63,643 |
|---|---|
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 2022
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
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Fundraising & other activities | 346 | 887 |
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Interest receivable | 12 | 1 | |
| CHARITABLE ACTIVITIES COSTS | |||
| Education & welfare | Direct Costs £ 6,240 |
Support costs £ 106,568 |
Totals £ 112,808 |
4. CHARITABLE ACTIVITIES COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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 and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Education & welfare NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
2022 2021 7 8 Unrestricted fund £ 108,461 887 1 109,349 96,418 12,931 50,712 |
|---|---|
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1 September 2021 Additions At 31 August 2022 DEPRECIATION At 1 September 2021 Charge for year At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
Unrestricted fund £ 63,643 Fixtures and fittings £ 29,632 1,111 30,743 22,725 2,005 24,730 6,013 6,907 2022 2021 £ £ 254 149 2022 2021 £ £ 53 807 - 145 16,007 1,010 16,060 1,962 |
|---|---|
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
11. MOVEMENT IN FUNDS
| At 1.9.21 £ Unrestricted funds General fund 63,643 TOTAL FUNDS 63,643 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 90,720 TOTAL FUNDS 90,720 Comparatives for movement in funds At 1.9.20 £ Unrestricted funds General fund 50,712 TOTAL FUNDS 50,712 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 109,349 TOTAL FUNDS 109,349 |
Net movement At in funds 31.8.22 £ £ (22,088) 41,555 (22,088) 41,555 Resources Movement expended in funds £ £ (112,808) (22,088) (112,808) (22,088) Net movement At in funds 31.8.21 £ £ 12,931 63,643 12,931 63,643 Resources Movement expended in funds £ £ (96,418) 12,931 (96,418) 12,931 |
|---|---|
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.20 | in funds | 31.8.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 50,712 | (9,157) | 41,555 | |
| TOTAL FUNDS | 50,712 | (9,157) | 41,555 | |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above | ||||
| as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 200,069 | (209,226) | (9,157) | |
| TOTAL FUNDS | 200,069 | (209,226) | (9,157) |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
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Yarburgh Community Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Fees receivable Other trading activities Fundraising & other activities Investment income Interest receivable Total incoming resources EXPENDITURE Charitable activities Education & materials Milk & food purchases Support costs Management Wages & staff costs Pensions Rent, cleaning & repairs Insurance, subscriptions & recruitment Stationery, telephone & internet costs Advertising & fundraising Sundry expenses Depreciation of fixed assets Finance Bank charges Governance costs Accountancy & bookkeeping fees Total resources expended Net (expenditure)/income |
2022 £ 1,500 88,862 90,362 346 12 90,720 5,143 1,097 6,240 86,795 2,822 9,434 1,702 1,695 23 1,478 2,004 105,953 93 522 112,808 (22,088) |
2021 £ 3,500 104,961 108,461 887 1 109,349 4,102 1,125 5,227 71,046 2,320 11,502 1,155 1,584 - 64 2,302 89,973 84 1,134 96,418 12,931 |
|---|---|---|
This page does not form part of the statutory financial statements
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