REGISTERED CHARITY NUMBER: 1025289
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
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 2024
| 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 2024
I want to welcome everyone to the Annual General meeting and thank you for attending.
I have been on the Committee for 4 years now, this being my third year as Chair.
We have been delighted to have Emily with us as manager for a year now and following Sues retirement in the Spring we are pleased to have Chelsea as our Deputy. I am extremely proud of the management team - they are very organised, capable, and enthusiastic and have made the running of the Committee a delight.
As Chair I wish to express the Trustees gratitude to all the staff - each of whom brings a unique and admirable set of skills to our amazing setting. I'd like to give thanks to Davina and Charlie for being with us for so long and being so generous with their time and efforts. Though we are grateful to all the staff for their hard work and dedication.
The committee are so proud of the team for continuing the amazingly creative and exemplary environment for the children to learn and grow. Our team are approachable and knowledgeable. They are encouraging and engaging, and I hope you will agree that your children are enjoying, our fun educational environment and are thriving in their personal development.
I'd like to thank the team for their ongoing efforts in supporting the SEN children who attend the setting. Our hope is to provide nurturing support to both the child and their families to achieve progress in their early years.
As a Charity we continually face new challenges. The consistent challenge as a Charity being balancing our finances with the offering we provide.
There are always projects and improvements that can be made and we are always open to suggestions and feedback. In particular we are considering options for the kitchen and carpets and are always aiming to improve the setting for the benefit and experience of the children who attend.
We know that the changes to childcare provision that have been introduced in recent years will mean we have to be flexible in our offering as younger children are financed whilst at the same time the sector faces a shortage of childcare professionals. We aim to continue to provide the same opportunities for development and learning throughout.
As a charitable organisation we are also 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. We have now used up the fund that provided hot meals to the children each week though for Stepping Stones this will return in the final term of the year to help the children get used to the school lunch environment.
I am proud to Chair the Committee at Yarburgh - I am very proud of the setting's wonderful space and amazing team. As always, I must end with my thanks to the team for their dedication. We would not achieve any of this without their efforts.
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Yarburgh Community Playgroup
Report of the Trustees for the Year Ended 31 August 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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 2024 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 £131,588 compared to the previous year when the comparable figure was £124,252.
The total costs for the year were £113,359 compared to the previous year when the comparable figure was £119,870.
This results in a net increase in funds for 2024 of £18,229 compared to a net increase of £4,382 in 2023.
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 M Casey E Parker
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 20 November 2024 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 2024.
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 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 128,878 Other trading activities 2 2,273 Investment income 3 437 Total 131,588 EXPENDITURE ON Charitable activities 4 Education & welfare 113,359 NET INCOME 18,229 RECONCILIATION OF FUNDS Total funds brought forward 45,937 TOTAL FUNDS CARRIED FORWARD 64,166 |
2023 Total funds £ 123,305 731 216 124,252 119,870 4,382 41,555 45,937 |
|---|---|
The notes form part of these financial statements
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Yarburgh Community Playgroup
Statement of Financial Position
31 August 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 5,910 CURRENT ASSETS Debtors 9 - Cash at bank 73,671 73,671 CREDITORS Amounts falling due within one year 10 (15,415) NET CURRENT ASSETS 58,256 TOTAL ASSETS LESS CURRENT LIABILITIES 64,166 NET ASSETS 64,166 FUNDS 11 Unrestricted funds 64,166 TOTAL FUNDS 64,166 |
2023 Total funds £ 7,161 50 62,012 62,062 (23,286) 38,776 45,937 45,937 45,937 45,937 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 November 2024 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 2024
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 | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Fundraising & other activities | 2,273 | 731 |
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable | 437 | 216 | |
| CHARITABLE ACTIVITIES COSTS | |||
| Education & welfare | Direct Costs £ 4,400 |
Support costs £ 108,959 |
Totals £ 113,359 |
4. CHARITABLE ACTIVITIES COSTS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 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 |
2024 2023 8 8 Unrestricted fund £ 123,305 731 216 124,252 119,870 4,382 41,555 |
|---|---|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1 September 2023 Additions At 31 August 2024 DEPRECIATION At 1 September 2023 Charge for year At 31 August 2024 NET BOOK VALUE At 31 August 2024 At 31 August 2023 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors |
Unrestricted fund £ 45,937 Fixtures and fittings £ 34,278 719 34,997 27,117 1,970 29,087 5,910 7,161 2024 2023 £ £ - 50 2024 2023 £ £ 212 1,157 15,203 22,129 15,415 23,286 |
|---|---|
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS
| At 1.9.23 £ Unrestricted funds General fund 45,937 TOTAL FUNDS 45,937 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 131,588 TOTAL FUNDS 131,588 Comparatives for movement in funds At 1.9.22 £ Unrestricted funds General fund 41,555 TOTAL FUNDS 41,555 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 124,252 TOTAL FUNDS 124,252 |
Net movement At in funds 31.8.24 £ £ 18,229 64,166 18,229 64,166 Resources Movement expended in funds £ £ (113,359) 18,229 (113,359) 18,229 Net movement At in funds 31.8.23 £ £ 4,382 45,937 4,382 45,937 Resources Movement expended in funds £ £ (119,870) 4,382 (119,870) 4,382 |
|---|---|
continued...
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Yarburgh Community Playgroup
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.22 | in funds | 31.8.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 41,555 | 22,611 | 64,166 |
| TOTAL FUNDS | 41,555 | 22,611 | 64,166 |
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 £ 255,840 255,840 |
Resources Movemen expended in funds £ £ (233,229) 22,611 (233,229) 22,611 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
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Yarburgh Community Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 August 2024
| 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 income |
2024 £ 2,000 126,878 128,878 2,273 437 131,588 3,860 540 4,400 87,111 3,210 11,315 1,328 1,765 113 1,518 1,970 108,330 60 569 113,359 18,229 |
2023 £ 1,000 122,305 123,305 731 216 124,252 4,854 1,196 6,050 87,391 3,249 15,190 1,259 2,428 220 1,086 2,387 113,210 60 550 119,870 4,382 |
|---|---|---|
This page does not form part of the statutory financial statements
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