## Hingham Pre School Playgroup 

## TRUSTEES’ REPORT 

## FOR THE YEAR ENDED 31 JULY 2020 

The Trustees present their report and accounts for the year ended 31 July 2020. 

## Information 

**Charity name:** Hingham Pre School Playgroup 

**Charity registration number:** 1027819 **Operational address:** 20 Hardingham Street Hingham Norfolk NR9 4JB 

## Trustees 

The Trustees of the charity who served during the year were: 

Simone Hipperson (Chair) Duggan Wills Josephine Cardew-Watts Amanda Barmby Kirsty Hill Matt Garlinge 

## Objectives and activities 

The charity’s objective is to provide preschool education and care for children living in and around the Norfolk town of Hingham. The playgroup is a registered charity, which is run by a voluntary committee and is approved by Ofsted – number EY426135. 

The Playgroup: 

- offers appropriate play, education and care facilities, family learning and extended hours groups, ensuring opportunities for all children irrespective of race, culture, religion, means or ability 

- encourages the study of the needs of such children and their families and promotes public recognition of such needs in the local area 

- further adheres to the aims and objectives of the Pre-school Learning Alliance. 

## Financial review 

**Incoming resources:** incoming resources have decreased this year due to Covid-19 and feepaying children not paying fees due to the setting being closed for most of the summer term, though a covid grant was secured to help counteract this. 

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**Resources expended:** Staff costs have decreased this year, mainly due to the setting being closed for several months and no overtime or bank staff being payable. All other expenditures have remained constant and manageable. 

**Net income:** Playgroup has made a loss this year, with overheads remaining the same despite the setting being closed for several months. 

Statement of Trustees’ responsibilities 

The trustees are responsible for preparing the report and the accounts in accordance with applicable charity and accounting practice. 

In preparing the accounts, the trustees are required to select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP, make judgments and estimates that are reasonable and prudent and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Signed on behalf of the Trustees of Hingham Pre School Playgroup: 

Kirsty E Hill Treasurer 

Date: 26/04/2021 

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## Hingham Pre School Playgroup 

## STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) 

## FOR THE YEAR ENDED 31 JULY 2020 

||**2019/20**|**2018/19**|
|---|---|---|
|**INCOMING RESOURCES**|£|£|
|Incoming resources from generated funds|0|176|
|Incoming resources from charitable activies (Note 2)|84,238|91,901|
|Total incoming resources|84,238|92,077|
|**RESOURCES EXPENDED**|||
|Charitable activites (Note 3)|91,779|101,932|
|Total resources expended|91,779|101,932|
||||
|**Net incoming / (outcoming) resources**|- 7,541|- 9,855|
|Funds brought forward at 1 August|104,925|114,780|
|Funds carried forward at 31 July|97,384|104,925|



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All incoming resources and resources expended relate to unrestricted funds. 

## Hingham Pre School Playgroup 

## BALANCE SHEET 

## AS AT 31 JULY 2020 

||**2020**|**2019**|
|---|---|---|
||£|£|
|**FIXED ASSETS**|||
|Furniture and fixtures|2,993|11,273|
|**CURRENT ASSETS**|||
|Cash at bank|110,959|99,108|
|Debtors|0|0|
|**CURRENT LIABILITIES**|||
|Short term creditors|0|0|
|**NET CURRENT ASSETS**|113,952|110,381|
|**NET ASSETS**|113,952<br>|110,381|



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|**FUNDS**|||
|---|---|---|
|General Fund|42,384|49,925|
|Restricted Funds|55,000|55,000|
|**TOTAL FUNDS**|97,384<br>|104,925|



## Hingham Pre School Playgroup 

## NOTES TO THE ACCOUNTS 

## FOR THE YEAR ENDED 31 JULY 2020 

||||||
|---|---|---|---|---|
||||**2020**|**2019**|
||||||
||||||
|1|**Basis of preparation of the accounts**:||||
||The accounts have been prepared under the||||
||historical cost convention. They have been||||
||prepared in accordance with the Statement of||||
||Recommended Practice (SORP) 2005 ‘Accounting||||
||and Reporting by Charities’ published in March||||
||2005 and applicable accounting standards.||||
|2|Incoming resources from charitable activities||||
||||||
||Fees received||81,096|90,106|
||||||
||Fundraising activities||3,142|1,935|
||||||
||Investment income||0|176|
||||||
||||84,238|92,077|
||||||
|3|Charitable activities - resourced expended||||
||||||
||Wages and salaries||64,768|73,280|
||||||



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||Direct costs||785|2,462|
|---|---|---|---|---|
||||||
||Premises costs||13,673|13,865|
||||||
||Fundraising costs||347|359|
||||||
||Administration costs||11,000|10,435|
||||||
||Marketing costs||0|183|
||||||
||Professional fees||1,206|1,348|
||||||
||**Total costs**||91,779|101,932|
||||||
||||||
||||||
||The trustees received no remuneration during the||||
||period.||||



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