REGISTERED CIiARrrY IYiTrTBER: 1028855 TRu&fEES' REPORT AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED31 AUGUST2023 FOR PIPPIN PLAYGROUP PIPPIN PLAYGROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AL'GUST 2023 Page Trnsteey, Report I to 4 Independ¢ll¢ Examlther's Rtport StAtement of FinBncl•l Actlvltles Balanee Sheet Cfish Flow StAtemertt Notes to ihe Cash Fknv St8l¢m¢n¢ Note$ ¢0 the FiDaDclal Statements 10 to 16 Detalltd Ststtrnent of FI￿1￿¢￿1 Aclfvliies 17 ￿ 18 PIPPIN PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 21123 The tru51ees pr¢y¢nt their rewrt with the financial statem￿ts of tlK Charity for the year cnded 31 Au￿t 2023. The ITU5tees hav¢ adopi¢d thc provision$ of A¢countllJg and Re[￿iftg by ChaT11i￿= Statemcnt of R￿QMMended Prdc¢ice applicable to charitics prcparing ih¢ir accounts in *¢ordancc with thc Financial RLy(Mting Standard applicablc in UK and RLyublic of I￿land (FRS 1021 ILtTe¢liv¢ l January 2019). 0￿EcTIVEs AND ACTivrriFs Objectlves glms Pippin Playgroup's aitns are 10 provide a safe. SttUTe. nurturing env]n)nnK￿l for children ag¢d 2 - 4 Y￿[S old. Wc offcr wraparound care which includcs a bTEakf￿ club. lurKh club. aft¢rthl club arwj holiday club. The wraparouMI q¢ssiong 8re for childr¢n aged 2- 9 years old. Th¥ 15 rtth by a commiiiee 8￿j i5 a ¢(*nmwiily b1￿j 8roup. with the aim to iTKludc par¢nts in all aswts ofnmning the up. We aim to provide affordable chilthxe by keeping the session fees as low rThsibk thilst ¢overinB running cosL* The stsif icam aT¢ commi¢lcd io ¢nsuring ihal all ihc childrLT att￿litt8 Pippin Playgroup arc 8ivcn lh¢ opporiunily lo Icarn and develop. acce$8ing a varsed cuniculum of xtLVitiC5 fm th¢ Early y￿15 F¢xuthtion Stagc 8uidan¢e a￿1 ¢ncouragin8 thcm ¢ leam and lo reach ih¢ir fvll potential. Wc have ¥taffqua1if￿d to 5uppon childrcn with w¢ial cdwaiional th and s￿h ond JansuaBe difficuliic5. W¢ support Ihe children in leamin8 healthy ealin8 and physic31 ¢xercise by Planni￿ ￿lIviti￿ 10 pwmoie them within our curriculum. Pubmc bentfit The truste£8 have complied with the duly in sxtion 4 of the Chariiiu Act 2(￿ io have re8ard to public benefit guidance pubj1yhL￿ by ihc Charity Commissi(￿. WL havc T¢f¥tr¢d to the guidanc¢ coniaind in ihc Charily Commi55ion's guidancc ott public bcncfi¢ when Tevicwin8 our aim¥ and objL*Iiv&4 and in planning our fuiuT¢ activitiCS. 8ThJ in particular. Ihc 4yecifi¢ guidance on chariti¢% for the advancement rjf education. Thc main k.tK.ficiaric5 of P4yin Playgroup arc the childT¢n altcndirtg lh¢ from ihc I￿￿1 ar¢J who rLYCiVC a high ¥tartdArd level of carc from a Charity with a low iumoveT of staff artd a very high level knowledge of the EaTiy Years Foundation Stage Framcwork and hold all the rclevini qualificali0tt5 ￿ ensure irKlwsive wactsse of high quality childcare. Par¢nts bcncflt from their children receiving affordable ehildcarc that protThMts indLTKn&x r¢yili¢n¢¢ 2nd ycif-cslccm. Pippin PlaygTOUP eurrently provide pTrscl￿l plKa for 87 childrcn, and wr&P-a￿eare for ISS ¢hildr¢n. PIPPIN PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 ACHIEVEMEKf AND PERFORMANCE Achievement and performante Pippin ha¥ %upp)nLd a n￿[￿lL￿ of stsff to compl￿¢ their Lcvcl 3 SENCO Isr￿1&1, Educaiional. Nccds. CooNlinalor} and is supporting anoihL'r minibcr of Ihi5 lo embark on th¢ir Lcvcl J child￿[¢ (Jha]ifJcatLon. During th¢ y¢ar. Ihc iLam have compl¢ied iraining eours¢5 includin￿ D¢fibTillalor & Anaphylaxis. thy tooth brushit)g. F￿d safely & hygien¢ l¢v¢l 2. and Safeguarding online Level 2. S¥tling up a P&siural icam h&8 FKncfitcd y¢v¢ra] childrcn ovcr ¢ourse of thc ycai. Th¢ Pasturdl tc4m has iwo SENCO'S and arc swpportcd by oth¢r MCmi￿r5. Th¥ I￿n work with Ihc ¢hildrLm in tbc main playnx)m as wcll a5 in a smallLr r¢)om. thai is scl with resources to en¢ourag¢ ￿Cial interdclion and 10 help progress ih¢ children to reach their own dev¢lopmental target In S¢pi¢mb¢r. wc implemeniol dry tooth brushin8 with our thrcc y￿r old thildtUL. ieam all altetmlcd 50mc trnining and WL purchas¢d all Ihc childrcn Iheir own individ￿1 bTushc5. Th¢ children S￿ll I￿rnC accomplish¢d al knowin8 which brnyh belong¥ 10 th¢m and how lo bruth th¢ir teeth for Iwo minui¢s. Pippin continued lo fvnd rai8c alld w¢ were able ¢0 pur¢has¢ a r￿fIbritI3lor iTh The %¢aff team Ihen atiended trdining on how to usL Ihc dcfibrillaior. We hopc ncv¢r io havc lo usc this ilLm. however it i5 SO￿￿bIng thal wc fcli stronuly aboui having in our ¥¢tlin8. Al Chriqtm&8, we held a party at Pippin, which atlcnded by nearly ¥ll our Pippin children. They had 8 greai lime. playing 8am¢$ 8nd had 5PCCLal Vi5LloN'P¢pp3 Pl¢..Ch￿ (Paw Patroll atwj Faih¢r ChTiqtm￿. Al EaslLr. we had som¢ duckling cw for itK children 10 W4￿h haich and grow. All ih¢ children, ittcluding our wrgparound children got involved in (heir care and twning them. Thry had some In*T¢￿Ingnarne￿l In July, wc invitLd Safari Slu in lo show a]1 Ik childrcn many attimals. includin& cockroaehcs, snakn& lizardy, and a wan￿1￿. Thc children w¢r¢ able to hold pd or $wokn ihe animal$ and thoroughly cnjoy¢d th¢ experience. The ChTiiima% charact￿PaTty. thicklin8 ¢w Safari SDJ w¢r¢ all furthd by th¢ ¢ommitwe and staff ie4m holding fund raising LvLnls ttlroughoui ih¥' yLar. FIiYANCIAL REVIEW Flnanci81 p051tion DurinM IhL' yi'ur. Pippin Pl#ygroup 8encrnicd in¢omtn8 rcs(MJrcc5 tothlling £563.632 (2022 - £522.432}. This incomc is mad¢ up or par¢ni8 ¢onlribulion5 iotslling £298.645 12022 - £252.95JI. 8OVLYrinKml funding lotslling £264,268 12022 - £267,257), rundTai5in8 evcrt15 lothllin8 £713 12022- £2221} and interc5t on slvings xcountsof £612022- £1). OulgosDg r¢¥ourcLS for thc yrar iotsllcd £586.965 12022 - £54&WII with th¢ majority of rc50urE• lowards staff ¢ost% lolalling £505 J8912022- £460.7821. At the TerA)rting dale, the Charity had net current of £354.084 12022 £377,417), whieh include9 £332,054 12022 £402.1911 held in bank acc￿nI*. PrIncip￿] fundlng sources Primary funding is PTovided through fce5 paid by the parcnts of ihe children who atteThJ the w¢.SCh￿l. CcDlrdl Bcdfordshir¢ council also provid¢ fill￿]ng ID rc5]￿ ofcli8iblc chiith¢n ¢overoJ undcr a GOV¢rn￿nI childcarc initialivc. Pippin Playgroup L5 also providcd with the use of a building wilh whith io provid¢ ILS service5 (o thc communily. which is provid¢d by Centrdl Bcdford%hwe Council and is managed by th¢ PTe-s¢lM)ol managerand a)mmittee. Page 2 PIPPIN PLAYCROUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGusf 1023 FINANCIAL REVIEW Reservey policy At thL rLp)rtin8 dal4 Pippin Playwp h¢ld a rc5tric*d fut￿ of £260.(MXI (2022. £260.(Kx)). Thi8 fund 18 h¢ld separntely ￿ conting¢ncy to stture an allcrn&li￿ pem1￿4 if requir¢d ¢0 coD¢inue w deliver the ￿PabilitieS of thL Pl#y$¢hool. Golng concern The Tn￿l¢eS have considcrcd the abilityof Choriiy locontin￿ Is a 80ill8coriceriL I￿¢ to the hugc amount n¢cd¢xl to havc air condiiioning iL8tallcd into Pippi￿ w¢ ar¢ slill lund rnising. Fortunat¢ly. this ycar it way tLoI as hui ￿ ibc pYLvious y￿r and w¢ n)ana8cd wilh fam in all ihc T¢x>ms. Wc still would lik¢ io in¥tail yornc air condilioning a5 the weather 15 50 unpr¢di¢table and we do not want kn have ￿ close th¢ selling in the futurt. FUTURE PLANS rur th¥ siyond yL?r in a row, w¢ hav¢ ￿[led fonvtrd som¢ pl￿ last ycar. ￿tCh io¢lud¢: rcp]aciti8 ihe carW areay to hard tlooring to b￿Ome more durable and hygienic. and to have ihe ¢xt¢riorof ihc l*JildittB painted. W¢ ar¢ still fund raising io b¢ abl¢ lo inAall air coNliiioning into all thc njoms to rK¢vcnl havin8 to close th¢ $¢tting and for thc comfort of th¢ childwn and siaEr. Som¢ of lh¢ play equipmeni in the playground 15 in need of replacin& so I￿￿h¢r focw for th¢ followin8 year is io raiye som¢ fund8 to rLplac¢ thc'bo¥¢' wilh an￿￿r¢11mbin￿10]e play warniu* WL plan lo i.onl mor¢ Jrc&4 within lh¢ playrwm$ 19 encouraB¢ ¢hildM lo ]M￿1n￿lon moT¢ and for childrcn 10 r¢¢apwrc life expcrien¢¢8. Pippin would likc 10 lUPP)rt wm¢ of our unqualifiol $tstT n￿be15 to chil1k4￿ q￿l￿rIcal￿)n% wc arc looking lo Lmploy mor¢ qualifiL￿ staff over thc Cou￿¢ of n¢xl yw. STRUCTUR& GOVERNANCE AND MANAGEMENT Governing documtot Thc ¥I￿ntY i¥ rontrolled by ils governi￿ docunwDL a deed 0(In￿ and con￿llUl¢S an uThirtcorporn*d ¢haTity. Governance And ManAeemettt Day lo day running ol'ihL Chariiys actiYitiC5 i5dclcwLNI by th¢ TNstLX¥ to ￿ pr¢-xhool ￿￿￿￿er. Rljk minlgement The Tru%lees have a duly to idcnlify and review the risks to which the Chsrity 18 exrAised and w ¢n$ure apwopriate controls are in placc lo provith rc&%onablc as5uran¢e agai￿￿1 fraud and error The Charily rclie5 Ots ¢on¥l￿ent IDtakc ofchilthm beiwecn 2- 4 year5 ofag¢ io attcnd th¢ prc-$choDI. ThE Charity iheref¢)r¢ on good and con8L5t¢nt binh rates within tkK Bedfothir¢ area to rnaintain th¢ ¢hilitren intakq of which no i55ueg hal ariq¢n in Ihc pa51 or itnm¢diai¢ future. REFERENCE AP4D ADMINISTRATIVE DETAIIS Registered Cbarity number 1021(1155 PIPPi¥ PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 21123 Principal addresj Burrercup Road Stollold Hcrt5 SG5 4PF Trustees Ms L Fa￿11 C Bamei Ms T CurtLS M4 K Adan Mr% M C Richmond {apw)iD￿I 10.10.2022) M Ramdhian lapp)inied 10.10.20221 Mq E Frco8lone lappoin¢¢d 10.10.2023) M¥ M Bullerworth lapwini¢d 10.10.2023) Ms L G¥￿Ile (apr￿)ll)ICd 10.10.2023) Ms S Hamplon14hpptsinied 10.10.2023) M8 S Ncwport lappoini¢d 10.10.2023} My C Founlairy lappoinied 10.10.20231 M4 E F(wlg¢r laprx)inlLxb 10.10.2023) On 10 (kiober 2023. E Fttlone. M8 M Bunerworth. Ms L Gentl< MS S Hampton. Ms S Newixyt. M5 C Fountain and M$ E Fovlgcr WCTL apix>inl¢d ¢0 th¢ tM)ard of TN$te¢s. Indqbendeut Examlner Jon¢% Hunt & Kc¢lin8S c.l1artcrL￿ Ccrtificd A¢countanL% chartLT£￿ Tax Adviycry 71 Knowl Pii¢e Wilbury Way Hii¢hin H¥rtford4hire SG4 OTY Approv¢d by order of the trf)atd of injskeson 19 August 2024 and si￿1 M its behalf by: M RamdhiaTh- Trn5tL* Pagc4 INDEPETrIDENT EXAMINER'S REPORT TO THE TRusfELS OF pipptN PLAYGROUP Independent examiner'y report to the trustee5 OtPippin PlayyD•P pon lo Ihc Lharity truste￿ on my cxamiti2tiOD of the aceouD15 of Pippin Playwup (thc Ttus¢l for thc year Cndcd 31 August 2023. ReSPDnsibllltle5 and basis of report As thc chdrily IDJslce5 of th¥. Trust ytyj ar¢ rcspmsibk for thc Neparation ofihc a¢coutLts in xcordantt with the r¢quircmcnls o( the ChaTilies Acl ?01 I I'ihe Act'l. I report in Tewt of my examination of the TnL8Vs XLwnts carried oui utlthr Seclion 145 of ihc Aci athd in ca￿yEn8 Out my cxamination I hav¢ followcd applicablc Dir¢dim% 8ivth by tkcharity Commi￿lOn un(kY SLftion 14515Xbl ofthc Act. Independent examlneT'S It*ttm¢nt Since your ¢harity'4 STO¥$ income ex¢¢eded £250,LI)O your examit)er m￿1 k a memF*r of a li4AI body. I can ¢onfimi that l am qualitKd to undcrtakc th¢ ¢xaminalion b￿aUS¢ l am a mLrynlKr of lh¢ ASS￿lation of Chartcrcd Cc¢lified Accountsnt& whieh is Oll¢ of Ihc list￿1 IxNIics. I have completed my examinaiion. I coftfim) ihat no maierial have ￿me w my attcntion in connwtion with the examination givin8 me ca￿9¢ io believe that in any material rt4ye¢i'. accounling rL*ordy wcre nol kLyi in rc5FK¢¢ oflheTrU￿ as Twuited by Scthion 130 of th¢ A¢1: or the acwunls do not aeeotd wilh thoye record%: or the accounts do nol Comply with ih¢ applicablc require￿w￿Lts ¢on¢emLn8 th¢ fom) Jnd conlth¢ of accounls sei out in tlie CharitiLs IAc¢ounis and RcrM)nsI Rcgulaiion$ 2(K)8 oih¢r than any rcquirn)￿l that thc x¢ounls BLVL a In￿ and fa￿ view which i¥ not a mallLr ¢onsidL'red a5 pan ofan Jndcpu￿Tht cxaminaiion. I have M eoncem$ and have corn¢ ofvr miner8 in connedion with ihe exaMin￿10n to which *t¢ntion 5h¢)uld be drawn in Ihi4 r¢port in ordcr lo ¢nablc a prow undcTrtanding of ￿counts to ￿h￿NI. Alfons(i D¢1 Baygo JonL5 Huni & KLLIuws Chartered Ccrtified Ac¢ountsnts and ChartLrcd Tax Adviser5 71 Knowl Pic Wilbury Way Hilchin Hcrtfordshir¢ SG4 OTY 19 August 2024 PIPPIN PLAYGROUP STATEMENT OF Fif*Af*CIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Total fund5 U¢westri¢tyl futld Resffi¢red fuThJ5 fund5 INCOME AND ENDOWMENIS FROM Charitable aclivilies ParL'nts' coniribuiiony Council fundin8 298ffj45 264.26B 252.953 267.257 Othcr irdding actLVlties Inveslmcnt income 712 712 2.221 Total 522,432 EXPENDITIIRE ON CharilAble 4¢tivitie5 Charitable aClivilie¥ 83.115 87,219 Statycosts 460.782 Total 5K71M 588.704 s48.￿] NET INCOMEIIEXPENDITURE) (2S073) 125,0731 125,569) RECONCILIATION OF FUNDS Total ruth&¥ br¢Jughi forward 117A17 377417 402,986 TOTAL FUNDS CARRIED FORWARD 352J44 377.417 COIYTINUING OPERATIONS A]1 in¢om¢ and ¢xwndilure ha$ arisen fn)m conlinuing aclivili¢s. Tr notes fornj tArt of these financi21 ststcrnents PIPPIN PLAYGROUP BALAf4CE SHEET 31 AUGUST2023 2023 Total fund5 2022 Total fi￿dS VA￿str￿ted R&8tri¢t¢d FIXED ASSEIS Tangible ass¢tS 3,976 CURRENT ASSETS Ikblors Cash ai bank 12 25.139 2S139 332,1154 24247 402,191 97,193 357,193 426.438 CREDITORS Ainvun15 falling du¢ within orte year 13 1&853) 152,997) NET CURRENT ASSETS 260.0 373.441 TOTAL ASSETS LESS CURRE LIABILITIES 92J44 2J44 377.417 NET ASSETS 92J44 260,OtKI 352J44 377.417 FUNDS UnrLslrici¢d futMIs Restricted fund4 92J44 260.000 117.417 260.000 TOTAL FUNDS 377,417 Thc financial 5ts1¢ments werc approved by the Bo*d of Tntstees aTyJ authorix¥J for issuc on 19 AuBU9t 2024 W¢T¢ signed on its bchall'by= M Ramdhian. Tn￿1¢¢ The twtes fornj part ofthese financial Slaten￿nts PIPPIN PLAYGROUP CASH FLOW STATEMENT VOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Ca$h tlows from operatimg artivities C&4h gellerdkd from otxyalions 167J78) 119.976) N¢t cash us¢d in owating aclivi¢iL¥ lo7￿78) 119.976} CA8h flows from Investing atlivi￿¢S Purchasc of tsngible r]xed as5¢ts Inr¢r¢st received (1565) (1.8261 N¢1 cash used in invcsling acliviiics (2J591 11.825) Change In cash and eash eqyiv8knts kn the reporting perlod Cash cAsh equivalents al the bq1tstyl￿1Or the reportin% perlod 1Th137) 121.1101 I 40L191 423.992 CHsh Hnd exsh equfvBkntJ It the end of tht reportlll8 p¢rlod 33LOS4 402.191 The TKrtes fomi part ofll￿ financial sMements PIPPIN PLAYGROUP NOTES TO THE CASH FLOW STATEMEYf FOR THE YEAR EIYDED 31 AUGUST 2023 RECONCILIATION OF NET EXPENDrruRE TO NET CKSH FLOW FROM OPERATING ACTJVITIES 2023 2022 Net expeDdlture for tbe repbrtitig perkrfl (M pert*e Ststemeni of Fkngnd Aetivities) Adju5trnen15 for. tk'pr¢¢iaiion charBCS Intercst rcccivcd Incrcase in debtors IDLcrea5clllncrL￿ in ¢wdilors (25,073) 125.569) ¥37 161 18921 (44.144> 2,684 114.7321 17.642 Net cash used in operations (67.578) 119,976} ANALYSIS OF CHANGES IN NfT FUNDS At 1.9.22 Cash flow At31A23 Net cash Cash ai bank 41)2,191 (70,137) 332.0.q4 4112.191 (70,137) Totsl 402,191 (70.137) 332.054 The Thytes fomi part of these financtal thiements PIPPIN PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES Basis of preparing the ststements ThL financbql stalcmcnls of Ihc Charity. whicb is 8 public eDlity urth FRS 102. havc wcparcd in accordaEKC with thc Charities SORP IFRS 102) 'Accounlin8 and R¢￿1￿8 by Charilith Staiemeni of R¢¢ommended Practice applicable to charilics PTeparing their xcounls in accordance with thc Financi¥l Rqx)rtin8 StsndaTd applicabl¢ in lh¢ UK and R¢public of Ireland IFRS 102) leffeclive l January 2019).. Financial Rq￿[lINg Stsndard 102 Tr Financial RctM)rting S&ndard applieablc in Ihc UK and Rep]blic of IrclaThY *¥J th¢ Charitics Act 2011. Thc flnancial Slat¢n￿￿t9 havc bccn prLpared undLY th¢ hisloTicai e051 convLniioiL The PTe*nraiion CUfferKy of the financi8J sts*meDts is the ¢*rling 1£). Sffignlllcani Judgements and ¢5tlmxdon uncertaln Th¢ preparniion of the flnancial ¥¢d￿M¢niS requires managaKeM io m&¢ j￿￿(& cslimaie5 and as$umplions that affe¢t thc amounts reported for a88ets and liabililies as ai ih¢ balance sheet dale and ihe amDun18 reported for revenue% and exr￿nscS during ihc year. Howevcr. Ihc nalurc of ¢%iimaiion M￿Tr5 that actual oui¢omc$ could differ from thosc cstim&le3. In ikn. TruylLYS' opinion. thcr¢ aw no significanl judgcm¢nts or k¢y sout0￿ ofcslimalion uncertainty. FlnAnriAI in$trumtntJ Th¥ charity only cnlirs In￿ trosic finan¢ial I￿￿nIments ihai rcsult in the rceo8nitioth of financial 055c15 and liabililics likL iradc and oihw dibiory and crcdilor4 loatts from bsDks aThl ￿h¢r thini l(*dDS to telakd pBrtiL% ind inv¥stmcnls in rton-puiidbl¢ ordinary sharc5. FÈnancial &s8eLq thai ar¢ nwxsured at LXM aNI anxvtisd cost arc th¢ cnd of c•ch reporting pcriod for obj¥Yliv¢ evidL￿CC of impaimicrbl. It. objcctiv¢ cvithl￿C of impainnL￿l is found. an impgimi¢oi Ioss is rcco8ni5¢d in lh¢ PA)fii and Loys Account. Financial and liabililiL4 are offsct and Ihe amounl r¢porf¢d in lh¢ Balance Shee( when IheT¢ i* an ¢nforce&ble right io sct off th¢ reeogniscd amounts and th¢re is art irtieniion 10 scitl¢ on a nct basis or to r¢alis¢ th¢ &85LI and sciilL ihc liabilily 5imulian¢ou$ly. Income All incom¢ is [￿'COgnIsed in thc Stat¢m¢nl of FinaTKial Aciiviii¢s onc¢ thc ch￿lty has ¢ntitlcmcnt to tho fi]nds. il 18 probabl¢ ihal th¢ incomc will bc roceived and thc amount can bc n￿s￿red ￿lIablY. Expenditure LiabiliiiLS are rccogni5ed &% expendiwre ￿ srA)n is a le8al or &)Th8tn￿1i¥e obligation commilting the ¢haTity to Ihdi LXPLndilurc. il is probabk. Ihat a Irdnsfcr oftt(wmic ￿rILl will r¢quirrd in ¥¢iilLmcni and ihL' atnouni of th¥ obli¥aiion can bE mrayur￿l tL'liably. ExF Propcrty fund Resources filnd 250.(M)O 10.¢ 250.000 10.000 2&). 260,0(M) TOTAL FUNDS 402, 125,569) 377.417 Comparaiivc nci rnov¢m¢nl in fut¥J5. inclth in th¢ a5 follows: ITKominB T¢sourc¢s Re￿UrCeS ¢xp¢ndcd Movement in fvnds Unrejtrlcted funds 6¢ncral fund 522.432 154ts,IX)I 125.5691 TOTAL FUNDS 522,432 (s48,￿1 I 125.569} A ¢un¢nt y￿r 12 months and prior ycar 12 rnonths combin¢d PDsilion isas follow Nel movemMt in funds At 1.9.21 31.8.23 Unrestricted fund5 G¢nernl fund 142,986 150,6421 92,344 ReJ¢rkted fuods Property fund Resourccs fi]nd 250.(XXI 10.IXM) 250,(M)O 10.000 260.(MM) 200,0(M) TOTAL FUNDS 402,9116 {50.6421 352.344 Pagr 15 coniinued... PIPPIN PLAYGROUP NOTES TO THE FINANI CIAL STATEMENfs- eontin¥ed FOR THE YEAR ENDED 31 AUGUST 2023 14. MOVEMETr4T IN FUNDS- cDntl#ued A eurr¢ni year 12 months and prior year 12 rMnth$ LXMnbjn￿ nct n￿ement in fithds. Included in the aFrfiv¢ are as rollow5'. Incoming Reswr¢es expended Movement Unrestrided funds General fund 1.086.iK>3 11.136.705) 150.642) TOTAL FUI¥DS 1.086. (1.136.705) {50.6421 EMPLOYEE BENEFrr OBLIGATIONS Th¢ Charity opmtes an auto4nrohnent pU￿10n xheme ftr the benefit of its ¢mploy¢es. During the y¢4r. the Charity contributed Ll 1.27012022 . £9.6231. RELATED PARTY DISCLOSURFS There were no related ￿rtY tswLWtions for th ye&r*Kled 31 Au8Us12023. ULTIMATE CONfROLLIIYG PARTY 17. The ¢hariiy 18 conlyolled by th¢ trU*eeJ. Pag¢ 16 pipprN PLAYGROiIP DETAILED STATEMEYT OF FINANCIAL AcrtVlTIES FOR THE YEAR EP4DED 31 AUGUST 2023 2023 2022 INCOME AND ENDOWMENTS Other trading actlvitieS Fundraising events 712 2221 Investment income r)ew>8lt account intre51 Charilable activitlel Parcnts contribuiions Funding 2N645 264.268 252,953 267.257 562913 520.210 TotAI incomin¥ resoure¢s 522.432 EXPENDITURE Starr ¢oJ¢$ Social qecurity PLn¥ions Uniform SlatTirainiThB 464.263 2&991 11,270 1rt53 lffjl2 426.783 20.X55 9,623 1.985 1,536 460.782 s￿pport ¢￿ts MAnaiement Food and drink Toy¥ )nd book TLILphonc P051a¥L and Jlalion¢ry SundriL TrAvel exp¢n 6282 160 5,128 6.336 1.241 3,833 149 245 873 93 19J16 16,932 Information te¢hnoloLV WcbbilL anil x)thvarc Compulcr cquipmcnt 5.187 991 873 7817 6.178 Property expenditure Reni, and water Catsicd forword 13,237 iJa37 23J24 23.524 Thispage ]M)t forni part of the 5￿t￿t(ry financial.stslements Pa8c 17 PIPPIN PLAYGROUP DETAILED STATEMENT OF FINAYCIAL AcfiviTIES FOR THE YEAR ENDEDJI AUGUST2023 2023 2022 Property expeNditrre Broughi fO￿ard Light and Repai￿. quipment and re8ources Insurnnw, liccnees and sub5CTiplions rkyrLYiaiion of fix¢urc5 and fillings 13237 10304 13.712 23.524 2.752 21,251 6.587 1.693 901 55,1407 Governance cost$ Legal and pmfessional feel Examinetrs remuneration Accouniancy 5181 720 4,672 2.970 8J02 Total r¢wurC￿ 548.001 Net expendlturt 125.073) {25.5691 This page p3rt of the ststutory finan¢ial 5tatonents Page 18 REGISTERED CIiARrrY IYiTrTBER: 1028855 TRu&fEES' REPORT AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED31 AUGUST2023 FOR PIPPIN PLAYGROUP PIPPIN PLAYGROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AL'GUST 2023 Page Trnsteey, Report I to 4 Independ¢ll¢ Examlther's Rtport StAtement of FinBncl•l Actlvltles Balanee Sheet Cfish Flow StAtemertt Notes to ihe Cash Fknv St8l¢m¢n¢ Note$ ¢0 the FiDaDclal Statements 10 to 16 Detalltd Ststtrnent of FI￿1￿¢￿1 Aclfvliies 17 ￿ 18 PIPPIN PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 21123 The tru51ees pr¢y¢nt their rewrt with the financial statem￿ts of tlK Charity for the year cnded 31 Au￿t 2023. The ITU5tees hav¢ adopi¢d thc provision$ of A¢countllJg and Re[￿iftg by ChaT11i￿= Statemcnt of R￿QMMended Prdc¢ice applicable to charitics prcparing ih¢ir accounts in *¢ordancc with thc Financial RLy(Mting Standard applicablc in UK and RLyublic of I￿land (FRS 1021 ILtTe¢liv¢ l January 2019). 0￿EcTIVEs AND ACTivrriFs Objectlves glms Pippin Playgroup's aitns are 10 provide a safe. SttUTe. nurturing env]n)nnK￿l for children ag¢d 2 - 4 Y￿[S old. Wc offcr wraparound care which includcs a bTEakf￿ club. lurKh club. aft¢rthl club arwj holiday club. The wraparouMI q¢ssiong 8re for childr¢n aged 2- 9 years old. Th¥ 15 rtth by a commiiiee 8￿j i5 a ¢(*nmwiily b1￿j 8roup. with the aim to iTKludc par¢nts in all aswts ofnmning the up. We aim to provide affordable chilthxe by keeping the session fees as low rThsibk thilst ¢overinB running cosL* The stsif icam aT¢ commi¢lcd io ¢nsuring ihal all ihc childrLT att￿litt8 Pippin Playgroup arc 8ivcn lh¢ opporiunily lo Icarn and develop. acce$8ing a varsed cuniculum of xtLVitiC5 fm th¢ Early y￿15 F¢xuthtion Stagc 8uidan¢e a￿1 ¢ncouragin8 thcm ¢ leam and lo reach ih¢ir fvll potential. Wc have ¥taffqua1if￿d to 5uppon childrcn with w¢ial cdwaiional th and s￿h ond JansuaBe difficuliic5. W¢ support Ihe children in leamin8 healthy ealin8 and physic31 ¢xercise by Planni￿ ￿lIviti￿ 10 pwmoie them within our curriculum. Pubmc bentfit The truste£8 have complied with the duly in sxtion 4 of the Chariiiu Act 2(￿ io have re8ard to public benefit guidance pubj1yhL￿ by ihc Charity Commissi(￿. WL havc T¢f¥tr¢d to the guidanc¢ coniaind in ihc Charily Commi55ion's guidancc ott public bcncfi¢ when Tevicwin8 our aim¥ and objL*Iiv&4 and in planning our fuiuT¢ activitiCS. 8ThJ in particular. Ihc 4yecifi¢ guidance on chariti¢% for the advancement rjf education. Thc main k.tK.ficiaric5 of P4yin Playgroup arc the childT¢n altcndirtg lh¢ from ihc I￿￿1 ar¢J who rLYCiVC a high ¥tartdArd level of carc from a Charity with a low iumoveT of staff artd a very high level knowledge of the EaTiy Years Foundation Stage Framcwork and hold all the rclevini qualificali0tt5 ￿ ensure irKlwsive wactsse of high quality childcare. Par¢nts bcncflt from their children receiving affordable ehildcarc that protThMts indLTKn&x r¢yili¢n¢¢ 2nd ycif-cslccm. Pippin PlaygTOUP eurrently provide pTrscl￿l plKa for 87 childrcn, and wr&P-a￿eare for ISS ¢hildr¢n. PIPPIN PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 ACHIEVEMEKf AND PERFORMANCE Achievement and performante Pippin ha¥ %upp)nLd a n￿[￿lL￿ of stsff to compl￿¢ their Lcvcl 3 SENCO Isr￿1&1, Educaiional. Nccds. CooNlinalor} and is supporting anoihL'r minibcr of Ihi5 lo embark on th¢ir Lcvcl J child￿[¢ (Jha]ifJcatLon. During th¢ y¢ar. Ihc iLam have compl¢ied iraining eours¢5 includin￿ D¢fibTillalor & Anaphylaxis. thy tooth brushit)g. F￿d safely & hygien¢ l¢v¢l 2. and Safeguarding online Level 2. S¥tling up a P&siural icam h&8 FKncfitcd y¢v¢ra] childrcn ovcr ¢ourse of thc ycai. Th¢ Pasturdl tc4m has iwo SENCO'S and arc swpportcd by oth¢r MCmi￿r5. Th¥ I￿n work with Ihc ¢hildrLm in tbc main playnx)m as wcll a5 in a smallLr r¢)om. thai is scl with resources to en¢ourag¢ ￿Cial interdclion and 10 help progress ih¢ children to reach their own dev¢lopmental target In S¢pi¢mb¢r. wc implemeniol dry tooth brushin8 with our thrcc y￿r old thildtUL. ieam all altetmlcd 50mc trnining and WL purchas¢d all Ihc childrcn Iheir own individ￿1 bTushc5. Th¢ children S￿ll I￿rnC accomplish¢d al knowin8 which brnyh belong¥ 10 th¢m and how lo bruth th¢ir teeth for Iwo minui¢s. Pippin continued lo fvnd rai8c alld w¢ were able ¢0 pur¢has¢ a r￿fIbritI3lor iTh The %¢aff team Ihen atiended trdining on how to usL Ihc dcfibrillaior. We hopc ncv¢r io havc lo usc this ilLm. however it i5 SO￿￿bIng thal wc fcli stronuly aboui having in our ¥¢tlin8. Al Chriqtm&8, we held a party at Pippin, which atlcnded by nearly ¥ll our Pippin children. They had 8 greai lime. playing 8am¢$ 8nd had 5PCCLal Vi5LloN'P¢pp3 Pl¢..Ch￿ (Paw Patroll atwj Faih¢r ChTiqtm￿. Al EaslLr. we had som¢ duckling cw for itK children 10 W4￿h haich and grow. All ih¢ children, ittcluding our wrgparound children got involved in (heir care and twning them. Thry had some In*T¢￿Ingnarne￿l In July, wc invitLd Safari Slu in lo show a]1 Ik childrcn many attimals. includin& cockroaehcs, snakn& lizardy, and a wan￿1￿. Thc children w¢r¢ able to hold pd or $wokn ihe animal$ and thoroughly cnjoy¢d th¢ experience. The ChTiiima% charact￿PaTty. thicklin8 ¢w Safari SDJ w¢r¢ all furthd by th¢ ¢ommitwe and staff ie4m holding fund raising LvLnls ttlroughoui ih¥' yLar. FIiYANCIAL REVIEW Flnanci81 p051tion DurinM IhL' yi'ur. Pippin Pl#ygroup 8encrnicd in¢omtn8 rcs(MJrcc5 tothlling £563.632 (2022 - £522.432}. This incomc is mad¢ up or par¢ni8 ¢onlribulion5 iotslling £298.645 12022 - £252.95JI. 8OVLYrinKml funding lotslling £264,268 12022 - £267,257), rundTai5in8 evcrt15 lothllin8 £713 12022- £2221} and interc5t on slvings xcountsof £612022- £1). OulgosDg r¢¥ourcLS for thc yrar iotsllcd £586.965 12022 - £54&WII with th¢ majority of rc50urE• lowards staff ¢ost% lolalling £505 J8912022- £460.7821. At the TerA)rting dale, the Charity had net current of £354.084 12022 £377,417), whieh include9 £332,054 12022 £402.1911 held in bank acc￿nI*. PrIncip￿] fundlng sources Primary funding is PTovided through fce5 paid by the parcnts of ihe children who atteThJ the w¢.SCh￿l. CcDlrdl Bcdfordshir¢ council also provid¢ fill￿]ng ID rc5]￿ ofcli8iblc chiith¢n ¢overoJ undcr a GOV¢rn￿nI childcarc initialivc. Pippin Playgroup L5 also providcd with the use of a building wilh whith io provid¢ ILS service5 (o thc communily. which is provid¢d by Centrdl Bcdford%hwe Council and is managed by th¢ PTe-s¢lM)ol managerand a)mmittee. Page 2 PIPPIN PLAYCROUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGusf 1023 FINANCIAL REVIEW Reservey policy At thL rLp)rtin8 dal4 Pippin Playwp h¢ld a rc5tric*d fut￿ of £260.(MXI (2022. £260.(Kx)). Thi8 fund 18 h¢ld separntely ￿ conting¢ncy to stture an allcrn&li￿ pem1￿4 if requir¢d ¢0 coD¢inue w deliver the ￿PabilitieS of thL Pl#y$¢hool. Golng concern The Tn￿l¢eS have considcrcd the abilityof Choriiy locontin￿ Is a 80ill8coriceriL I￿¢ to the hugc amount n¢cd¢xl to havc air condiiioning iL8tallcd into Pippi￿ w¢ ar¢ slill lund rnising. Fortunat¢ly. this ycar it way tLoI as hui ￿ ibc pYLvious y￿r and w¢ n)ana8cd wilh fam in all ihc T¢x>ms. Wc still would lik¢ io in¥tail yornc air condilioning a5 the weather 15 50 unpr¢di¢table and we do not want kn have ￿ close th¢ selling in the futurt. FUTURE PLANS rur th¥ siyond yL?r in a row, w¢ hav¢ ￿[led fonvtrd som¢ pl￿ last ycar. ￿tCh io¢lud¢: rcp]aciti8 ihe carW areay to hard tlooring to b￿Ome more durable and hygienic. and to have ihe ¢xt¢riorof ihc l*JildittB painted. W¢ ar¢ still fund raising io b¢ abl¢ lo inAall air coNliiioning into all thc njoms to rK¢vcnl havin8 to close th¢ $¢tting and for thc comfort of th¢ childwn and siaEr. Som¢ of lh¢ play equipmeni in the playground 15 in need of replacin& so I￿￿h¢r focw for th¢ followin8 year is io raiye som¢ fund8 to rLplac¢ thc'bo¥¢' wilh an￿￿r¢11mbin￿10]e play warniu* WL plan lo i.onl mor¢ Jrc&4 within lh¢ playrwm$ 19 encouraB¢ ¢hildM lo ]M￿1n￿lon moT¢ and for childrcn 10 r¢¢apwrc life expcrien¢¢8. Pippin would likc 10 lUPP)rt wm¢ of our unqualifiol $tstT n￿be15 to chil1k4￿ q￿l￿rIcal￿)n% wc arc looking lo Lmploy mor¢ qualifiL￿ staff over thc Cou￿¢ of n¢xl yw. STRUCTUR& GOVERNANCE AND MANAGEMENT Governing documtot Thc ¥I￿ntY i¥ rontrolled by ils governi￿ docunwDL a deed 0(In￿ and con￿llUl¢S an uThirtcorporn*d ¢haTity. Governance And ManAeemettt Day lo day running ol'ihL Chariiys actiYitiC5 i5dclcwLNI by th¢ TNstLX¥ to ￿ pr¢-xhool ￿￿￿￿er. Rljk minlgement The Tru%lees have a duly to idcnlify and review the risks to which the Chsrity 18 exrAised and w ¢n$ure apwopriate controls are in placc lo provith rc&%onablc as5uran¢e agai￿￿1 fraud and error The Charily rclie5 Ots ¢on¥l￿ent IDtakc ofchilthm beiwecn 2- 4 year5 ofag¢ io attcnd th¢ prc-$choDI. ThE Charity iheref¢)r¢ on good and con8L5t¢nt binh rates within tkK Bedfothir¢ area to rnaintain th¢ ¢hilitren intakq of which no i55ueg hal ariq¢n in Ihc pa51 or itnm¢diai¢ future. REFERENCE AP4D ADMINISTRATIVE DETAIIS Registered Cbarity number 1021(1155 PIPPi¥ PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 21123 Principal addresj Burrercup Road Stollold Hcrt5 SG5 4PF Trustees Ms L Fa￿11 C Bamei Ms T CurtLS M4 K Adan Mr% M C Richmond {apw)iD￿I 10.10.2022) M Ramdhian lapp)inied 10.10.20221 Mq E Frco8lone lappoin¢¢d 10.10.2023) M¥ M Bullerworth lapwini¢d 10.10.2023) Ms L G¥￿Ile (apr￿)ll)ICd 10.10.2023) Ms S Hamplon14hpptsinied 10.10.2023) M8 S Ncwport lappoini¢d 10.10.2023} My C Founlairy lappoinied 10.10.20231 M4 E F(wlg¢r laprx)inlLxb 10.10.2023) On 10 (kiober 2023. E Fttlone. M8 M Bunerworth. Ms L Gentl< MS S Hampton. Ms S Newixyt. M5 C Fountain and M$ E Fovlgcr WCTL apix>inl¢d ¢0 th¢ tM)ard of TN$te¢s. Indqbendeut Examlner Jon¢% Hunt & Kc¢lin8S c.l1artcrL￿ Ccrtificd A¢countanL% chartLT£￿ Tax Adviycry 71 Knowl Pii¢e Wilbury Way Hii¢hin H¥rtford4hire SG4 OTY Approv¢d by order of the trf)atd of injskeson 19 August 2024 and si￿1 M its behalf by: M RamdhiaTh- Trn5tL* Pagc4 INDEPETrIDENT EXAMINER'S REPORT TO THE TRusfELS OF pipptN PLAYGROUP Independent examiner'y report to the trustee5 OtPippin PlayyD•P pon lo Ihc Lharity truste￿ on my cxamiti2tiOD of the aceouD15 of Pippin Playwup (thc Ttus¢l for thc year Cndcd 31 August 2023. ReSPDnsibllltle5 and basis of report As thc chdrily IDJslce5 of th¥. Trust ytyj ar¢ rcspmsibk for thc Neparation ofihc a¢coutLts in xcordantt with the r¢quircmcnls o( the ChaTilies Acl ?01 I I'ihe Act'l. I report in Tewt of my examination of the TnL8Vs XLwnts carried oui utlthr Seclion 145 of ihc Aci athd in ca￿yEn8 Out my cxamination I hav¢ followcd applicablc Dir¢dim% 8ivth by tkcharity Commi￿lOn un(kY SLftion 14515Xbl ofthc Act. Independent examlneT'S It*ttm¢nt Since your ¢harity'4 STO¥$ income ex¢¢eded £250,LI)O your examit)er m￿1 k a memF*r of a li4AI body. I can ¢onfimi that l am qualitKd to undcrtakc th¢ ¢xaminalion b￿aUS¢ l am a mLrynlKr of lh¢ ASS￿lation of Chartcrcd Cc¢lified Accountsnt& whieh is Oll¢ of Ihc list￿1 IxNIics. I have completed my examinaiion. I coftfim) ihat no maierial have ￿me w my attcntion in connwtion with the examination givin8 me ca￿9¢ io believe that in any material rt4ye¢i'. accounling rL*ordy wcre nol kLyi in rc5FK¢¢ oflheTrU￿ as Twuited by Scthion 130 of th¢ A¢1: or the acwunls do not aeeotd wilh thoye record%: or the accounts do nol Comply with ih¢ applicablc require￿w￿Lts ¢on¢emLn8 th¢ fom) Jnd conlth¢ of accounls sei out in tlie CharitiLs IAc¢ounis and RcrM)nsI Rcgulaiion$ 2(K)8 oih¢r than any rcquirn)￿l that thc x¢ounls BLVL a In￿ and fa￿ view which i¥ not a mallLr ¢onsidL'red a5 pan ofan Jndcpu￿Tht cxaminaiion. I have M eoncem$ and have corn¢ ofvr miner8 in connedion with ihe exaMin￿10n to which *t¢ntion 5h¢)uld be drawn in Ihi4 r¢port in ordcr lo ¢nablc a prow undcTrtanding of ￿counts to ￿h￿NI. Alfons(i D¢1 Baygo JonL5 Huni & KLLIuws Chartered Ccrtified Ac¢ountsnts and ChartLrcd Tax Adviser5 71 Knowl Pic Wilbury Way Hilchin Hcrtfordshir¢ SG4 OTY 19 August 2024 PIPPIN PLAYGROUP STATEMENT OF Fif*Af*CIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Total fund5 U¢westri¢tyl futld Resffi¢red fuThJ5 fund5 INCOME AND ENDOWMENIS FROM Charitable aclivilies ParL'nts' coniribuiiony Council fundin8 298ffj45 264.26B 252.953 267.257 Othcr irdding actLVlties Inveslmcnt income 712 712 2.221 Total 522,432 EXPENDITIIRE ON CharilAble 4¢tivitie5 Charitable aClivilie¥ 83.115 87,219 Statycosts 460.782 Total 5K71M 588.704 s48.￿] NET INCOMEIIEXPENDITURE) (2S073) 125,0731 125,569) RECONCILIATION OF FUNDS Total ruth&¥ br¢Jughi forward 117A17 377417 402,986 TOTAL FUNDS CARRIED FORWARD 352J44 377.417 COIYTINUING OPERATIONS A]1 in¢om¢ and ¢xwndilure ha$ arisen fn)m conlinuing aclivili¢s. Tr notes fornj tArt of these financi21 ststcrnents PIPPIN PLAYGROUP BALAf4CE SHEET 31 AUGUST2023 2023 Total fund5 2022 Total fi￿dS VA￿str￿ted R&8tri¢t¢d FIXED ASSEIS Tangible ass¢tS 3,976 CURRENT ASSETS Ikblors Cash ai bank 12 25.139 2S139 332,1154 24247 402,191 97,193 357,193 426.438 CREDITORS Ainvun15 falling du¢ within orte year 13 1&853) 152,997) NET CURRENT ASSETS 260.0 373.441 TOTAL ASSETS LESS CURRE LIABILITIES 92J44 2J44 377.417 NET ASSETS 92J44 260,OtKI 352J44 377.417 FUNDS UnrLslrici¢d futMIs Restricted fund4 92J44 260.000 117.417 260.000 TOTAL FUNDS 377,417 Thc financial 5ts1¢ments werc approved by the Bo*d of Tntstees aTyJ authorix¥J for issuc on 19 AuBU9t 2024 W¢T¢ signed on its bchall'by= M Ramdhian. Tn￿1¢¢ The twtes fornj part ofthese financial Slaten￿nts PIPPIN PLAYGROUP CASH FLOW STATEMENT VOR THE YEAR ENDED 31 AUGUST 2023 2023 2022 Ca$h tlows from operatimg artivities C&4h gellerdkd from otxyalions 167J78) 119.976) N¢t cash us¢d in owating aclivi¢iL¥ lo7￿78) 119.976} CA8h flows from Investing atlivi￿¢S Purchasc of tsngible r]xed as5¢ts Inr¢r¢st received (1565) (1.8261 N¢1 cash used in invcsling acliviiics (2J591 11.825) Change In cash and eash eqyiv8knts kn the reporting perlod Cash cAsh equivalents al the bq1tstyl￿1Or the reportin% perlod 1Th137) 121.1101 I 40L191 423.992 CHsh Hnd exsh equfvBkntJ It the end of tht reportlll8 p¢rlod 33LOS4 402.191 The TKrtes fomi part ofll￿ financial sMements PIPPIN PLAYGROUP NOTES TO THE CASH FLOW STATEMEYf FOR THE YEAR EIYDED 31 AUGUST 2023 RECONCILIATION OF NET EXPENDrruRE TO NET CKSH FLOW FROM OPERATING ACTJVITIES 2023 2022 Net expeDdlture for tbe repbrtitig perkrfl (M pert*e Ststemeni of Fkngnd Aetivities) Adju5trnen15 for. tk'pr¢¢iaiion charBCS Intercst rcccivcd Incrcase in debtors IDLcrea5clllncrL￿ in ¢wdilors (25,073) 125.569) ¥37 161 18921 (44.144> 2,684 114.7321 17.642 Net cash used in operations (67.578) 119,976} ANALYSIS OF CHANGES IN NfT FUNDS At 1.9.22 Cash flow At31A23 Net cash Cash ai bank 41)2,191 (70,137) 332.0.q4 4112.191 (70,137) Totsl 402,191 (70.137) 332.054 The Thytes fomi part of these financtal thiements PIPPIN PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES Basis of preparing the ststements ThL financbql stalcmcnls of Ihc Charity. whicb is 8 public eDlity urth FRS 102. havc wcparcd in accordaEKC with thc Charities SORP IFRS 102) 'Accounlin8 and R¢￿1￿8 by Charilith Staiemeni of R¢¢ommended Practice applicable to charilics PTeparing their xcounls in accordance with thc Financi¥l Rqx)rtin8 StsndaTd applicabl¢ in lh¢ UK and R¢public of Ireland IFRS 102) leffeclive l January 2019).. Financial Rq￿[lINg Stsndard 102 Tr Financial RctM)rting S&ndard applieablc in Ihc UK and Rep]blic of IrclaThY *¥J th¢ Charitics Act 2011. Thc flnancial Slat¢n￿￿t9 havc bccn prLpared undLY th¢ hisloTicai e051 convLniioiL The PTe*nraiion CUfferKy of the financi8J sts*meDts is the ¢*rling 1£). Sffignlllcani Judgements and ¢5tlmxdon uncertaln Th¢ preparniion of the flnancial ¥¢d￿M¢niS requires managaKeM io m&¢ j￿￿(& cslimaie5 and as$umplions that affe¢t thc amounts reported for a88ets and liabililies as ai ih¢ balance sheet dale and ihe amDun18 reported for revenue% and exr￿nscS during ihc year. Howevcr. Ihc nalurc of ¢%iimaiion M￿Tr5 that actual oui¢omc$ could differ from thosc cstim&le3. In ikn. TruylLYS' opinion. thcr¢ aw no significanl judgcm¢nts or k¢y sout0￿ ofcslimalion uncertainty. FlnAnriAI in$trumtntJ Th¥ charity only cnlirs In￿ trosic finan¢ial I￿￿nIments ihai rcsult in the rceo8nitioth of financial 055c15 and liabililics likL iradc and oihw dibiory and crcdilor4 loatts from bsDks aThl ￿h¢r thini l(*dDS to telakd pBrtiL% ind inv¥stmcnls in rton-puiidbl¢ ordinary sharc5. FÈnancial &s8eLq thai ar¢ nwxsured at LXM aNI anxvtisd cost arc th¢ cnd of c•ch reporting pcriod for obj¥Yliv¢ evidL￿CC of impaimicrbl. It. objcctiv¢ cvithl￿C of impainnL￿l is found. an impgimi¢oi Ioss is rcco8ni5¢d in lh¢ PA)fii and Loys Account. Financial and liabililiL4 are offsct and Ihe amounl r¢porf¢d in lh¢ Balance Shee( when IheT¢ i* an ¢nforce&ble right io sct off th¢ reeogniscd amounts and th¢re is art irtieniion 10 scitl¢ on a nct basis or to r¢alis¢ th¢ &85LI and sciilL ihc liabilily 5imulian¢ou$ly. Income All incom¢ is [￿'COgnIsed in thc Stat¢m¢nl of FinaTKial Aciiviii¢s onc¢ thc ch￿lty has ¢ntitlcmcnt to tho fi]nds. il 18 probabl¢ ihal th¢ incomc will bc roceived and thc amount can bc n￿s￿red ￿lIablY. Expenditure LiabiliiiLS are rccogni5ed &% expendiwre ￿ srA)n is a le8al or &)Th8tn￿1i¥e obligation commilting the ¢haTity to Ihdi LXPLndilurc. il is probabk. Ihat a Irdnsfcr oftt(wmic ￿rILl will r¢quirrd in ¥¢iilLmcni and ihL' atnouni of th¥ obli¥aiion can bE mrayur￿l tL'liably. ExF Propcrty fund Resources filnd 250.(M)O 10.¢ 250.000 10.000 2&). 260,0(M) TOTAL FUNDS 402, 125,569) 377.417 Comparaiivc nci rnov¢m¢nl in fut¥J5. inclth in th¢ a5 follows: ITKominB T¢sourc¢s Re￿UrCeS ¢xp¢ndcd Movement in fvnds Unrejtrlcted funds 6¢ncral fund 522.432 154ts,IX)I 125.5691 TOTAL FUNDS 522,432 (s48,￿1 I 125.569} A ¢un¢nt y￿r 12 months and prior ycar 12 rnonths combin¢d PDsilion isas follow Nel movemMt in funds At 1.9.21 31.8.23 Unrestricted fund5 G¢nernl fund 142,986 150,6421 92,344 ReJ¢rkted fuods Property fund Resourccs fi]nd 250.(XXI 10.IXM) 250,(M)O 10.000 260.(MM) 200,0(M) TOTAL FUNDS 402,9116 {50.6421 352.344 Pagr 15 coniinued... PIPPIN PLAYGROUP NOTES TO THE FINANI CIAL STATEMENfs- eontin¥ed FOR THE YEAR ENDED 31 AUGUST 2023 14. MOVEMETr4T IN FUNDS- cDntl#ued A eurr¢ni year 12 months and prior year 12 rMnth$ LXMnbjn￿ nct n￿ement in fithds. Included in the aFrfiv¢ are as rollow5'. Incoming Reswr¢es expended Movement Unrestrided funds General fund 1.086.iK>3 11.136.705) 150.642) TOTAL FUI¥DS 1.086. (1.136.705) {50.6421 EMPLOYEE BENEFrr OBLIGATIONS Th¢ Charity opmtes an auto4nrohnent pU￿10n xheme ftr the benefit of its ¢mploy¢es. During the y¢4r. the Charity contributed Ll 1.27012022 . £9.6231. RELATED PARTY DISCLOSURFS There were no related ￿rtY tswLWtions for th ye&r*Kled 31 Au8Us12023. ULTIMATE CONfROLLIIYG PARTY 17. The ¢hariiy 18 conlyolled by th¢ trU*eeJ. Pag¢ 16 pipprN PLAYGROiIP DETAILED STATEMEYT OF FINANCIAL AcrtVlTIES FOR THE YEAR EP4DED 31 AUGUST 2023 2023 2022 INCOME AND ENDOWMENTS Other trading actlvitieS Fundraising events 712 2221 Investment income r)ew>8lt account intre51 Charilable activitlel Parcnts contribuiions Funding 2N645 264.268 252,953 267.257 562913 520.210 TotAI incomin¥ resoure¢s 522.432 EXPENDITURE Starr ¢oJ¢$ Social qecurity PLn¥ions Uniform SlatTirainiThB 464.263 2&991 11,270 1rt53 lffjl2 426.783 20.X55 9,623 1.985 1,536 460.782 s￿pport ¢￿ts MAnaiement Food and drink Toy¥ )nd book TLILphonc P051a¥L and Jlalion¢ry SundriL TrAvel exp¢n 6282 160 5,128 6.336 1.241 3,833 149 245 873 93 19J16 16,932 Information te¢hnoloLV WcbbilL anil x)thvarc Compulcr cquipmcnt 5.187 991 873 7817 6.178 Property expenditure Reni, and water Catsicd forword 13,237 iJa37 23J24 23.524 Thispage ]M)t forni part of the 5￿t￿t(ry financial.stslements Pa8c 17 PIPPIN PLAYGROUP DETAILED STATEMENT OF FINAYCIAL AcfiviTIES FOR THE YEAR ENDEDJI AUGUST2023 2023 2022 Property expeNditrre Broughi fO￿ard Light and Repai￿. quipment and re8ources Insurnnw, liccnees and sub5CTiplions rkyrLYiaiion of fix¢urc5 and fillings 13237 10304 13.712 23.524 2.752 21,251 6.587 1.693 901 55,1407 Governance cost$ Legal and pmfessional feel Examinetrs remuneration Accouniancy 5181 720 4,672 2.970 8J02 Total r¢wurC￿ 548.001 Net expendlturt 125.073) {25.5691 This page p3rt of the ststutory finan¢ial 5tatonents Page 18 ## PIPPIN PLAYGROUP Independent Examiner’s Report to the Trustees For The Year Ended 31[st] August 2023 19[th] August 2024 1 ## **CONTENTS PAGE** ||**Page**| |---|---| |Financial Statement Overview|3| |Financial Performance Overview|3| |Profit and Loss commentary|3| |Balance sheet commentary|3, 4 & 5| |Independent Examiner’s Report|6| ||| |Year Ended 31stAugust 2023 Financial Statements|Appendix 1| |Detailed income and Expenditure Summaries|Appendix 2| 2 ## **FINANCIAL STATEMENT OVERVIEW** The financial statements were presented for signature to Manveer Ramdhian on 19[th] August 2024. Alf Del Basso, on behalf of Jones Hunt & Keelings, signed the independent examiners report on 19[th] August 2024. ## **FINANCIAL PERFORMANCE OVERVIEW** In summary, the playgroup’s net expenditure for the year ended 31[st] August 2023 was £25,073, which has decreased by £496 from a net deficit of £25,569 in 2022. The playgroup’s balance sheet reserves total £352,344, split between general unrestricted funds of £92,344 and restricted funds of £260,000, being £250,000 property fund and £10,000 playgroup resource fund. The restricted funds have remained the same as in 2018 and are still appropriate despite the economic downturn. ## **Statement of Financial Activities (SOFA) (Appendix 1: Page 6)** Parent contributions for 2023 have increased by £45,692, from £252,953 in 2022 to £298,645 this year. Fundraising events have decreased this year, totaling £712 compared with £2,221 in 2022, a decrease of £1,509. Total expenditure has increased in the year by £40,703 to £588,704, compared to 2022 which saw total expenditure of £548,001. A full breakdown has been provided in appendix 2; however, we would like to comment on the following key overhead costs: - a. Staffing costs have increased by £44,807, from £460,782 last year to £505,589 this year. The playgroup employed an average of 27 (2022 – 29) members of staff during the year and have encouraged staff to become more experienced by undertaking further qualifications to improve the offerings of the pre-school. - b. Rent, rates and water expenditure has decreased by £10,287, from £23,524 in 2022 to £13,237 in 2023. This decrease is as a result of the 2021 figures including a sinking charge for a 3-year period. The council have yet to charge for the sinking fund in 2023, and Katie is currently disputing the cost due to the issues with the lift. - c. Light and heat expenditure has increased by £7,452, from £2,752 in 2022 to £10,204 in 2023. This rise in costs was to be expected as Pippin had previously been charged based on an incorrect meter reading. Light and heat expenditure next year is expected to be in line with the figures for 2023. ## **Balance Sheet as at 31[st] August 2023 (Appendix 1: Page 7)** ## **Fixed Assets – Appendix 1: Page 13, Note 11** During the year the playgroup purchased assets totaling £2,565. Assets are depreciated and expensed to the SOFA on a straight-line basis over a 3-year period, i.e. spreading the cost of significant asset purchases over 3 financial years. After depreciation, the net book value of fixed assets is £4,004. 3 ## **Current Assets - Appendix 1: Page 14, Note 12** Current assets included the following: |Trade debtors
Prepayments of costs for following year
**Total**|**31 August**
**2023**
22,901
2,238
**£25,139**|**31 August**
**2022**
14,607
9,640
**£24,247**| |---|---|---| |||| ## **Cash at Bank – Appendix 1: Page 7** The cash at bank and in hand balances were as follows: |Cash at bank|**31 August**
**2023**
**£332,054**|**31 August**
**2022**
**£402,191**| |---|---|---| |||| The cash in the bank has been split between unrestricted general funds of £72,054 and money set aside for restricted funds totaling £260,000. ## **Current Liabilities - Appendix 1: Page 14, Note 13** Current Liabilities include the following: |Trade creditors
Social security and other taxes
Deferred income
Accruals of costs
**Total**|**31 August**
**2023**
1,570
383
-
6,900
**£8,853**|**31 August**
**2022**
12,753
4,672
30,586
4,986
**£52.997**| |---|---|---| |||| ## **Movement in Funds – Page 14, Note 14** The movement in funds has shown a small gradual decrease. The pre-school has seen reserves decrease to £352,344 from £377,417 at the start of the year. ## **Unrestricted funds** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. ## **Restricted funds** Restricted funds can only be used for specific purposes as defined by the objectives of the charity. 4 The restricted funds are as follows: |Property Fund
Playgroup Resource Fund
**Total**|**31 August**
**2023**
250,000
10,000
**£260,000**|**31 August**
**2022**
250,000
10,000
**£260,000**| |---|---|---| |||| The property fund has been set aside with the intention to purchase land and build a nursery for the playgroup in the future, should the need arise. The playgroup resources fund has been set aside to purchase additional toys and equipment for the playgroup. For the time being, management is happy with the level of funds which have been restricted and have made no plans to change these in the coming year. 5 ## **IDEPENDENT EXAMINER’S REPORT (Appendix 1, Page 5).** We have carried out an independent examination of the financial statements on Appendix 1. ## **Independent examiner’s report to the Trustees of Pippin Playgroup** I report to the charity trustees on my examination of the accounts of the Pippin Playgroup (the Trust) for the year ended 31[st] August 2023. ## **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** 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 registered member of Association of Certified Chartered Accountants 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 that in any material respect: 1. accounting records were not kept is respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and contents 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. If you have any questions regarding this report, please contact Alf Del Basso. ## **Alf Del Basso** ## **Independent Examiner** ## **For and on Behalf of Jones Hunt & Keelings** ## **19[th] August 2024** 6