REGISTERED CHARITY NUMBER: 1027328
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
for
Poplars Group
Poplars Group
Contents of the Financial Statements for the Year Ended 31 August 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 14 |
Poplars Group
Reference and Administrative Details for the Year Ended 31 August 2022
| TRUSTEES | L Baker |
|---|---|
| L D Chamberlain | |
| C Cooper | |
| L Marshall | |
| A L O'Neill | |
| M S Vaghela | |
| S Wright | |
| PRINCIPAL ADDRESS | Water Leys Primary School |
| Guilford Drive | |
| Wigston | |
| Leicestershire | |
| LE18 1HG | |
| REGISTERED CHARITY | 1027328 |
| NUMBER | |
| INDEPENDENT EXAMINER | torr waterfield |
| Park House | |
| 37 Clarence Street | |
| Leicester | |
| Leicestershire | |
| LE1 3RW |
Page 1
Poplars Group
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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims of the pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by;
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offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunity for all children whatever their race, culture, religion, means or ability;
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encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in local areas, and;
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instigating and adhering to and furthering the aims of objects of the Pre-school Learning Alliance
Significant activities
The main activity of the charity continues to be the provision of playgroup activities.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.
Page 2
Poplars Group
Report of the Trustees for the Year Ended 31 August 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities
The pre-school continues to run from two rooms from 7.30am - 5.30pm, Monday to Friday at Water Leys Primary School. The children aged 2-3 are located in the Caterpillar room (secure double mobile unit) and the children aged 3-4 are located in the Butterfly room (double classroom next to Foundation Stage).
At the end of the summer term 2021 there were 95 children on roll, of which 47 children were due to move up to school, 8 were in receipt of 2-year funding and 35 in receipt of 30 hours funding. There are 78 children on roll due to continue or start in September 2022 of which 10 are in receipt of 2-year funding and 27 in receipt of 30 hours funding.
Poplars Group promotes the Early Years Pupil Premium and uses the Parental Statement of Undertaking consent form to obtain, from parents, all the information required to check eligibility. After liaising with parents funding for eligible children was used during the Autumn and Spring terms for ELKLAN (to support language development), small group sessions and booster groups, hot dinners, pre-school uniform and resources. The Summer term funding continues to be used to purchase school uniform which again was well received and this practice will continue. Funds received, expenditure and outcomes continue to be monitored for each individual child. Poplars Group also promotes and offers the 30 hours funding and Tax free childcare schemes.
Since the relaxing of the Covid 19 restrictions the group have been able to access the Sensory Room within the school.
Poplars continues to run a breakfast club for pre-school children only. Attendance between 7.30am and 8.00am continues to be low but improves from 8.00am. It is essential that the group continue to offer the breakfast hour to enable working parents to access the provision.
The after school club is split into two groups. The green group is the pre-school children, foundation stage and year one based in the butterfly room. The red group is school years 2-6 based in the school hall. Parent Pay is the preferred method of payment for most parents with fees being entered on a half termly basis. This system does not support the receipt of childcare vouchers or payment by Tax Free Childcare Accounts. Those parents who wish to pay using either of these methods are now invoiced on a monthly basis. All systems are working well and the After School Club continues to have no debtors throughout the academic year.
Page 3
Poplars Group
Report of the Trustees for the Year Ended 31 August 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities - continued
Poplars Group were able to offer a holiday club during October half term, February half term, Easter, May half term and the Summer holidays. Days and time of opening are set in line with the bookings received and staff are then allocated accordingly ensuring the holiday club continues to be sustainable and group does not make a loss. The group will need to continue to advertise this service to ensure attendance steadily improves. Although the Holiday Club is recorded separately in the cash book it is not classed as a separate entity from the rest of the group.
The level 3 Apprentice left in June 2022 to take up a full time permanent position as the group were unable to offer her permanent hours. There were no other staffing changes this academic year. A pay rise has been implemented where appropriate to incorporate the new Living Wage in line with government changes. The Board of Trustees continue to make the necessary changes to ensure the Group complies with regulations. The group will start the new academic year (September 2022) with a Group Manager, Deputy Manager, Administration & Finance Officer, two Room/After School Club Leaders, one qualified level 4 Early Years Educator, ten qualified level 3 Early Years Educators, one unqualified Early Years Educator, and one Lunchtime Supervisor.
The Board of Trustees has been working well and having members of school staff and school governors on board continues to strengthen the links with the school. Following Covid 19 face to face meetings have resumed on a termly basis supported by the Management report. Monthly Finance reports continue to ensure everyone is kept up to date. The Group will start the new academic year with a Chairperson, Treasurer, Secretary and four other Trustees.
Again this year the group have been cautious and only purchased a self-selection unit for the Butterfly room and some small resources. The main door and broken window in the Caterpillar room (mobile unit) have been replaced along with the fascia in the Butterfly room. Leases have been discussed and responsibility for repairs have been established. Following this a new ramp has been installed to the mobile unit, children's taps replaced in both bathrooms and new phones installed in the Caterpillar room. The group also contributed to cost of a Community Defibrillator installed on the school site.
The reserve account has been reviewed at a full Board of Trustees meeting and has again been increased accordingly to ensure it continues to hold funds to cover three months running costs. This will continue to be monitored at a full Board of Trustees meeting each academic year to ensure the reserve account holds sufficient funds.
Poplars Group continue to use Tapestry (an online learning journal system) to ensure all current parents are able to access up to date information regarding their child and the group. Tapestry is used to provide parents with EYFS (Early Years Foundation Stage) observations, snapshot observations of their children during their time at pre-school, reports and electronic correspondence. The group now also make use of the Care Diary facility to inform parents what their child has had to eat/drink and their self-care needs throughout the day. Accidents continue to be reported electronically. This facility is also used for the parents of children attending the After School Club for electronic correspondence (newsletters, upcoming events).
The Board of Trustees continue to secure the finances of the group. The monthly financial report provides information regarding income and expenditure in all areas. This report is now used as a working document which enables predicted figures to be altered allowing reflection of the current situation. Debtors continue to be managed on a monthly basis with only Summer Holiday Club fees outstanding at the end of the academic year.
All banking continues to be completed online and the group encourages all parents to pay in this way. The group is registered for several childcare voucher schemes and the tax free childcare facility. The credit card monthly statements are checked and signed off on a monthly basis. The petty cash system continues to work well with all transactions being countersigned. Both the credit card and petty cash transactions are recorded in a separate spreadsheet for monitoring purposes. An external company continue to administer the payroll including pension contributions and examination of the annual accounts. The Board of Trustees continue to be aware of changes to the Living Wage and the pension scheme and have made appropriate provisions to meet these changes.
Page 4
Poplars Group
Report of the Trustees for the Year Ended 31 August 2022
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The Group has held minimal fundraising events this year following the Covid 19 pandemic. Unfortunately, the individual, group and family photo sessions and the Halloween party were unable to take place. The Christmas card fundraiser raised £112.70 and the Christmas raffle raised £41.00. They still managed to successfully support Comic Relief, Children in Need, MacMillan and Ukraine Appeal.
FINANCIAL REVIEW
Financial position
Total incoming resources were £335,332 (2021: £313,039). After deducting expenditure of £310,552 (2021: £290,066) there was net income of £24,780 (2021: £22,973) for the year.
As at 31 August 2022, the Charity had total funds of £283,814 (2021: £259,034) all of which were unrestricted.
Trustees agreed that all staff would be paid in full for their contracted hours due to Covid 19 related absences. FEEE funding and EYPP was received and the group continued to access the Coronavirus Job Retention Scheme for 4 members of staff in the Spring Term. Unfortunately, as a voluntary run charity pre-school the group were not eligible to access any further funding or financial assistance during this time. With careful monitoring of the financial situation during this time and the unity of the staff team they have managed to continue to run and start the new academic year in a healthy financial position.
Reserves policy
The Group holds cash at bank of £206,533 all of which is unrestricted funds. It is the policy of the charity to keep three months' worth of running costs held in the reserve account, and a sufficient amount in the current account towards the following year's general expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution dated 9 November 1993 and as amended on 24 June 2021 and is an unincorporated charity.
Recruitment and appointment of new trustees
The Group aims to recruit new trustees from either current or past parents of children attending activities. Additional trustees are sought by regular advertising in the newsletter.
Induction and training of new trustees
New trustees receive full information on the legal basis of the Group and the powers and responsibilities of trustees.
Approved by order of the board of trustees on 15 June 2023 and signed on its behalf by:
S Wright - Trustee
Page 5
Independent Examiner's Report to the Trustees of Poplars Group
Independent examiner's report to the trustees of Poplars Group
I report to the charity trustees on my examination of the accounts of Poplars Group for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees, 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 Charity'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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants (ACCA) which is one of the listed bodies.
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 Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Mark Andrew Torr FCCA
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
20 June 2023
Page 6
Poplars Group
Statement of Financial Activities for the Year Ended 31 August 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 4 Playgroup activities 333,928 Other trading activities 2 41 Investment income 3 38 Other income 5 1,325 Total 335,332 EXPENDITURE ON Charitable activities 6 Playgroup activities 310,552 NET INCOME 24,780 RECONCILIATION OF FUNDS Total funds brought forward 259,034 TOTAL FUNDS CARRIED FORWARD 283,814 |
Restricted fund £ - - - - - - - - - |
31.8.22 Total funds £ 333,928 41 38 1,325 335,332 310,552 24,780 259,034 283,814 |
31.8.21 Total funds £ 308,076 - 6 4,957 |
|---|---|---|---|
| 313,039 | |||
| 290,066 | |||
| 22,973 236,061 |
|||
| 259,034 |
The notes form part of these financial statements
Page 7
Poplars Group
Balance Sheet
31 August 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 112,480 CURRENT ASSETS Debtors 12 3,458 Cash at bank and in hand 206,533 209,991 CREDITORS Amounts falling due within one year 13 (38,657) NET CURRENT ASSETS 171,334 TOTAL ASSETS LESS CURRENT LIABILITIES 283,814 NET ASSETS 283,814 FUNDS 15 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
31.8.22 Total funds £ 112,480 3,458 206,533 209,991 (38,657) 171,334 283,814 283,814 283,814 283,814 |
31.8.21 Total funds £ 119,558 2,696 184,247 186,943 (47,467) 139,476 259,034 259,034 259,034 259,034 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2023 and were signed on its behalf by:
S Wright - Trustee
The notes form part of these financial statements
Page 8
Poplars Group
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the Group 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.
Allocation and apportionment of costs
During the years ended 31 August 2022 and 31 August 2021, all costs were 100% attributable to the Charity's sole activity, the provision of Playgroup activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property - Straight line over 20 years Equipment - Straight line over 3, 5 or 7 years
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.
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continued...
Poplars Group
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
1. ACCOUNTING POLICIES - continued
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective rate of interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Going concern
After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.
Government grants
Government grants receivable are recognised in accordance with the performance model.
2. OTHER TRADING ACTIVITIES
| Fundraising income 3. INVESTMENT INCOME Bank interest 4. INCOME FROM CHARITABLE ACTIVITIES Activity Free Early Education Entitlement (FEEE) Playgroup activities Fees Playgroup activities Food and drink fees Playgroup activities Uniform sales Playgroup activities 5. OTHER INCOME Misc Income Non-charitable Grants |
31.8.22 £ 41 31.8.22 £ 38 31.8.22 £ 224,652 105,163 3,422 691 333,928 31.8.22 £ 1,325 - 1,325 |
31.8.21 £ - 31.8.21 £ 6 31.8.21 £ 220,438 86,266 821 551 |
31.8.21 £ - 31.8.21 £ 6 31.8.21 £ 220,438 86,266 821 551 |
|---|---|---|---|
| 308,076 | |||
| 31.8.21 £ - 4,957 4,957 |
|||
| 4,957 |
Included in the above are receipts of government grants that are not dependent on charitable status, such as the Coronavirus Job Retention Scheme and funding for undertaking apprenticeship schemes.
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continued...
Poplars Group
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. CHARITABLE ACTIVITIES COSTS
| 6. CHARITABLE ACTIVITIES COSTS |
|
|---|---|
| Support Direct costs (see Costs note 7) £ £ Playgroup activities 296,339 14,213 7. SUPPORT COSTS Governance Management costs £ £ Playgroup activities 12,033 2,180 |
Totals £ 310,552 |
| Totals £ 14,213 |
8. 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.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
31.8.22 £ 232,358 6,939 3,586 242,883 |
31.8.21 £ 220,133 6,375 3,344 |
|---|---|---|
| 229,852 |
The average monthly number of employees during the year was as follows:
| Playgroup No employees received emoluments in excess of £60,000. |
31.8.22 19 |
31.8.21 19 |
|---|---|---|
10. INDEPENDENT EXAMINER'S REMUNERATION
Amounts payable to the Independent Examiner are analysed as follows:
| 31.8.22 31.8.21 |
31.8.22 31.8.21 |
31.8.22 31.8.21 |
|---|---|---|
| £ | £ | |
| Independent examination fees | 390 | 390 |
| Other financial services | 1,790 | 1,866 |
| 2,180 | 2,256 | |
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continued...
Poplars Group
Notes to the Financial Statements - continued
for the Year Ended 31 August 2022
| 11. TANGIBLE FIXED ASSETS Property £ COST At 1 September 2021 143,971 Additions - At 31 August 2022 143,971 DEPRECIATION At 1 September 2021 33,873 Charge for year 7,198 At 31 August 2022 41,071 NET BOOK VALUE At 31 August 2022 102,900 At 31 August 2021 110,098 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accruals and deferred income |
Equipment £ 22,896 4,807 27,703 13,436 4,687 18,123 9,580 9,460 31.8.22 £ 1,583 1,875 3,458 31.8.22 £ 2,295 925 35,437 38,657 |
Totals £ 166,867 4,807 |
Totals £ 166,867 4,807 |
|---|---|---|---|
| 171,674 | |||
| 47,309 11,885 |
|||
| 59,194 | |||
| 112,480 | |||
| 119,558 | |||
| 31.8.21 £ 821 1,875 2,696 31.8.21 £ 2,211 1,158 44,098 |
|||
| 47,467 |
Accruals and deferred income includes payments received in advance of delivering services of £34,187 (2021: £42,868).
Entitlement to the income is subject to the charity providing a set level of hours of childcare per child. The award is calculated on the number of children that will attend under the FEEE government program in the following term. The amount above was received during the year for the Autumn term which commences following the year end on 1 September. As the charity had not delivered the childcare services at the 31 August, this amount has been deferred in full.
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continued...
Poplars Group
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
14. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
31.8.22 £ 23,000 29,614 52,614 |
31.8.21 £ 23,000 12,996 |
|---|---|---|
| 35,996 |
Lease payments of £23,000 (2021: £23,000) were recognised as an expense during the year.
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds At 1.9.20 £ Unrestricted funds General fund 274,219 TOTAL FUNDS 274,219 |
At 1.9.21 £ 259,034 259,034 Incoming resources £ 335,332 335,332 Prior year adjustment £ (38,158) (38,158) |
Net movement At in funds 31.8.22 £ £ 24,780 283,814 24,780 283,814 Resources Movement expended in funds £ £ (310,552) 24,780 (310,552) 24,780 Net movement At in funds 31.8.21 £ £ 22,973 259,034 22,973 259,034 |
|---|---|---|
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Poplars Group
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 313,039 313,039 |
Resources Movement expended in funds £ £ (290,066) 22,973 (290,066) 22,973 |
|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022 nor for the year ended 31 August 2021.
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