Registered number 1028609
Lordsmead Pre-School Playgroup
Report and Unaudited Accounts
31 August 2023
Lordsmead Pre-School Playgroup Registered number: 1028609 Trustees' Report
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 1015).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The principle activity of the charity is to provide appropriate play, education and care facilities for preschool age children. In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Trustees
The following persons served as trustees during the year:
T Griffiths S Goulton G Gray
Financial review
For the year ended 31 August 2023, the pre-school is reporting a surplus of £13199 (2022: deficit £1663).
Reserves policy
It is the aim of the trustees to maintain funds which are free reserves of the Charity, at a level which provides sufficient funds to cover redundancy payments and future improvements to facilities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Lordsmead Pre-School Playgroup was registered as a charity on 23 November 1993 (registered under charity number 1028609). The charity is governed by constitution, which was adopted on 31 March 1993 and updated on 30 October 2009. The charity was established to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by offering appropriate play, education and care facilities.
Recruitment and appointment of new trustees
The charity's work focuses upon young people. The trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The more traditional business skills are well represented on the Board of Trustees. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board of Trustees.
This report was approved by the board on date and signed on its behalf.
T Griffiths Trustee
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Independent Examinerfs report to the trustees of Lordsmead Pre-school Playgroup l ptsrt to the cttarity twslees on my examination of the accounts of Lofdsmead Pre-school P18ygTOUP {the Trusl) for the year ended 31 Augusl 2023. Raspon$ibilitie$ and basis of rtport A5 the charity trustees of the trust you are resw>nsibie for the Fyepafation of the accounts in accordance with the requirements of the Charrties Act 2011 (the AGI}. I report in respect of my examination of the Trusi's accounts Carried oul under se¢lion 145 of the Act and in carying out my examination I have followed all apFdicable Directions given by the Charity Commission under seclion 145(5)(b) of the Act. Independent exarninerfs stslement I have ¢ompleled my examination. I confinn that no rnalenal matters have come lo my attention in connection with the examination giving me cause to LlieVe that l any matellal respect. 1 accounting records were not kept in f8sF of the Trust a5 required by sedion 130 01 the Acl,. or 2 the accounts do nol acconj with those records". or 3 the accounts do not comply wth the applicable requirement5 conixming the fom) and content of accounts Sel out in the Charrties (AGcounts and Rewrts) regulations 2008 other than any quirement that the a¢nts give a true and fair view which is not a matter considered as part of an Independent examlnation. I have no concerns and have come a(xo&8 no matters in conneclion wtth the examination lo lch attention Should be drawn in Ihis report in ortjer to enable a prnr underst8nding of the accounts lo te reached. Karen Sayer5 Limited Chartered Accoumants 29 Silver stet Coleme Wilt5 SN14 8DY date 11
| Lordsmead Pre-School Playgroup Registered number: Balance Sheet as at 31 August 2023 Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Funds Unrestricted funds TOTAL FUNDS |
1028609 2023 £ 6,335 63,888 (927) 62,961 69,296 69,296 69,296 |
2022 £ 7,039 50,228 (1,170) 49,058 56,097 56,097 56,097 |
2022 £ 7,039 50,228 (1,170) 49,058 56,097 56,097 56,097 |
|---|---|---|---|
| 56,097 | |||
| 56,097 | |||
| 56,097 |
T Griffiths Trustee Approved by the board on date
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Lordsmead Pre-School Playgroup Income and expenditure for the year ended 31 August 2023
| Income Administrative expenses Other operating income Net income/(expenditure) Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 £ 219,974 (206,916) 141 13,199 13,199 56,097 69,296 |
2022 £ 139,625 (134,449) - |
|---|---|---|
| 5,176 | ||
| 5,176 50,921 |
||
| 56,097 |
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Lordsmead Pre-School Playgroup Notes to the Accounts for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
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 aplicable 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicablein 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 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 the 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 that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the 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
10% 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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Lordsmead Pre-School Playgroup Notes to the Accounts
for the year ended 31 August 2023
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 September 2022 At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 4 Creditors: amounts falling due within one year Taxation and social security costs Other creditors 5 Unrestricted funds At 1 September 2022 Incoming resources Resources expended At 31 August 2023 Staff wages and costs were £161,149 (2022 £104,949) |
2023 Number 7 2023 £ 448 479 927 2023 £ 56,097 219,974 (206,775) 69,296 |
2022 Number 8 |
|---|---|---|
| Plant and machinery etc £ 16,328 |
||
| 16,328 | ||
| 9,289 704 |
||
| 9,993 | ||
| 6,335 | ||
| 7,039 | ||
| 2022 £ 690 480 |
||
| 1,170 | ||
| 2022 £ 50,921 139,625 (134,449) |
||
| 56,097 |
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Lordsmead Pre-School Playgroup Detailed profit and loss account for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| Income Fees Grant Fundraising Snacks Covid related grants Administrative expenses Charitable activities Wages and salaries Pensions Clothing DBS Grant expenditure Employer's NI Staff training and welfare Milk payments and snacks Travel and subsistence Educational resources Consumables Staff training Trips and parties Pupil premium costs Premises costs: Rent General administrative expenses: Telephone and fax Stationery and printing Subscriptions Insurance Equipment expensed Software Repairs and maintenance Depreciation Website Sundry expenses Legal and professional costs: Accountancy fees Other operating income Net other income (t shirt sales etc.) |
2023 £ 21,112 193,093 2,737 3,032 - 219,974 158,460 1,581 327 218 2,536 1,108 994 2,358 14 3,938 1,374 2,144 1,091 3,580 179,723 18,280 18,280 735 - 203 900 3,128 15 2,001 704 49 506 8,241 672 672 206,916 141 |
2022 £ 19,818 115,589 1,363 1,355 1,500 |
|---|---|---|
| 139,625 | ||
| 103,780 1,169 631 - - - 265 1,139 - 1,915 1,778 1,065 824 2,095 |
||
| 114,661 | ||
| 15,648 | ||
| 15,648 | ||
| 426 21 213 875 614 36 26 782 96 379 |
||
| 3,468 | ||
| 672 | ||
| 672 | ||
| 134,449 | ||
| - |
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