REGISTERED CHARITY NUMBER: 102885.% TRUSTEES, REPORT AND UNAUDI-I'I,:D b"ItYANCIAL STATCMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR PIPPIN PLA YGROUP
PIPPIN PLAYGROUP CONTFNTS OF THE FINANCIAL STATEMF.NTS FOR THE YEAR F.NDED 31 AUGUST 2024 Page Trustees, Report Independent Examiner's Report Stateinent of Financial Activities Balance Sheet Cash Trlow Statement Notes to the CAsh Flow Statement Notes to the Fiiiancial StAtenients 10 to 17 DetAiled Statement of Financial Activities 18 to 19
PIPPIN PLAYGROUP TRUSTF.ES' REPORT roR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report with the financial siatements of the charity for the yeai. ended 31 Au(yusl ?024. The trustees have adopted the pi'ovisions of AccountinTh aiid Reporting by Chai'ities-. Stateinent of Recoiiimeiided Pr%etice applicable to eharitics preparing their accoui)ts in accoi'dance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {fRS I O?) {effcctive l Januaiy 2019). OBJF.CTIVES AND ACTIVITIES Objeetivts and aims Pippiii Playgroup's aiiMs are to pi'ovide a safe, secui'e, nui'tiiriiig ciiviroiiincnt foi. children aged 2 - 4 yèars old. We off¢r wrapai'ouiid Ciil'c whicl) ii)cludes a bi'eakfasl club, luiicli cliib, aftcr-scliool cliib and holiday cllib. Tl)e wraparound scssions al'e for childreii aged 2 - 9 years old. Thc prc-school is run by a coiiiniitlee and is a Cominuiiity based gi'oup, with the aini to incliide pai'eiils iii all aspects of ruiiniiigF 111L gyroup. We aini to provide affordable el)ildcai'e by keepiiig tl)e session feeq as low as possible whilst coveriiig I'Linning costs. Tli¢ staff teaiii al'e coiiiiiiilted to ensuring that all thc childi'¢ii atteiidiiig Pippin Playgroup arc given tlic opyoi'¢unity co learn and dcvclop, accessiiig a varied Lui'i'iculiiiii of activities froiii tlie Eai'ly Ycars foui)datioii Slagc guidaiice aiid encoui'aging tlieni to learn and to reach their full potential. Wc liave staff qualified to support chi Idrcn with spccial cducational iieeds and speech and language difficiilties. We siipport the cliildren in learning about healthy eating ai)d physical exercise by planniiig activities to proii)ote theiii wiiliin oiii. CLlI'riculiim. Public benefit Tlic Irustccs l)ave coiiiplied willi tlie duty iii sectioi) 4 of tlie Cliai'ities Act 2006 to liav¢ due regai'd to public beiiefit guidance published by tlie Chai'ity Coiiiiiiission. We have rcfei'rcd to thc guidaiice coiilained iii tlie Charity Coi)11)iission's geiiei'al guidance oil public bei)efit wlien reviewiiig our aiiiis aiid objectives aiid iii planiiiiig oui. futui'c activitics, aiid ii) parti¢ulai', tl)e spccific guidaiice on cliai'ities for tlie advaiiGeiiient of educatioi), 'ri)c niaiii bciicficiai'ics of Pippiii Playgrovp are the children attending the pi'c-school from the local area who rcccive a high staiidard Icvcl of cal'e fi'oni a cl)ai'iLy willi a low tiii'iiovcr ot. slaty aiid a veiy liigl) level kiiowlcdgc of the Early Yeai's FoLiiidatioii Stage franiework aiid l)old all thc rclcvaiit qualificatioiis to eiisuie inclusivc practise of high qualily cliildcarc. Parents benefit fi'oiii their ehildreii receiving affordable childcai'e that promotes independence, I'esilience aiid self-esteem. Pippiii Playgroup curi'cntly providc prc-scliool places for 87 children, and wrap-around care for 155 children. Page I
PIPPIN PLAYGROUP TRUSI'EES, REPORT Tr"OR THE YLAR LNDED 31 AUGUST 2024 ACIIIEVEMENT AND PERFORMANCE Aehievement and perfoi'mance Staff Ti-Aiiiing and Developiiient at Pippin At Pippin, we are comii)itted to continuous professional developinent to ensLire high-qualily care ai)d education. Thi5 year, we liave supportcd two i?ieiiibei's of slaff iii siiccessfully coinpleling Ilieii. Level 3 Awai'd foi. Sp¢cial Educational Needs Cooi'diiialor ii) Eai'ly Years qiialificalioiis. In additioii, one teaii) nieiiiber has ¢oii)pleted the Level 2 Aivard in Uiidci'sLaiidiii Childi'en 2nd Young People's Meiitsl Flealth, wliile aiiotl)ei' has Liiiderlaken l.evel 2 Neuroscieiice iii Early Years training. We are also ciii'rcnily suppoi'lii)g a Inciiibei. of staff wlio has einbarked 011 their Level 3 Cliildcare qualification. Tlirougl?oul Ilie year. the enti staff team has engaged in a wide l'ange of professional development opportunities, inclLidii?g.' l.eadership traiiiiiig Dry tooili briisliii)g aiid oral healili Ouldoor l¢ariiiiig Meiiidl liealtli first aid EYFS cui'ri¢iilLim I'efoiin Safeguai'diiig- all staff have conipleted updated traiiiiiig Tliesc oppoi'tunities not oiily enliaiice tli¢ skills aiid ki)owlcdgc of our teain but also ensure we coiitinLte to provide a safe. Sliiiiulati iig, and ii)clusivc enviroiiiiiciit foi. cv¢ry clii Id iii OLII. care. Dcv¢lopnients aiid Inilixtives at Pippin 'I'liis y¢ar, wc liave coiilii)ued lo iiiake significant improveiiieiils aci'oss the setting, driven by both fiiiidraising efforts and tlie iiee(Is of our chi Idi'ei) and fainilics. We al'e proiid to shal'e Iliat, thanks lo successfiil fuiidraisiiig, we now liavc a defibrillator on sile. All relevant staff have coii)plelcd specialisl traiiiing in Il)e use of il)is equipiiieiit, furLI)¢i' eiil)aiiciiig tlie safely of Olir envii'oiiment. Out. oi'igiiial plaiis lo install a fixed air condilioiiii)g sysleii) wci'L I'cvised due to the liigli costs ii)volved. Instead, we l)ave invested it) poilable air conditioning ut)its, wliicli cali be po8itiolled Il)roLigYhoLlt the setting to provide coniforL for boili cl)ildi'en and staff duriiig wai'iiiei. periods. In respoiise to growin8 iieeds within our setting, we liavc introdiiced a Pastoral Teani. 'ri)is team is led by a qualified SI."NC.o and sui)porled by a slllff iiienibei. with a focLlS on speccli aiid 1<111guage developineiil. l)Lie to tlic i?Iiiiil)ei' of cliildi'eii requiriiig 2dditional siipi)01l, a tliird slaff Ineinbci. has now joiiied the teaiii. This initiative has already liad a positive iiiipact aiid lias beeii well received by fainilics aiid starr. As parl of a goveriiiiient initiative to I'ediice tootl) decay, Ivc inti'oduced diy tooth brushing iii September for all cl)ildreii aged Ihi-ee aiid over. Tl)e childi'cii take parl oi)ce a day ai Pippiii, leai'ning the imporlanee of good oral liygiene in a fuii aiid suppoi'tive way. Tlie iiiiliative l)as bcci) veiy well I'eceived-childrei) eiijoy parlieipaling and are begiiining to undei'stAiid tl)e inipoi'tance of keepiiig Ili¢ir leetli liealihy. Enricliiiient Activitie.8 and Eyperienees At l)ippin, we continlie to provide a wide l'ange of eni'icliiiig expei-ieiices that support cliildren's Icarniiig and development. In October, we welcoii)ed c)ur aiiiilial visilors-a doctoi., fii'efightci., aiid police officer-to Iielp childi'en learii aboLIt people who lielp us. These visits spai'ked great cui'iosicy aiid gave tlie cl)ildi'en a valuable understanding of diffei'eiit roles iii tl)e oninilinily. In Dccember, che cliildreii cnjoycd a vai-iety of festive Cliristilias activities, iiicluding a paity and a special visit froin Father Cliristsiias, Ivliicli brouglit gi'eal exciteiiient aiid joy to die setliiig. In Apri I, we h£?d Ilie pleasui'e of cariiig foi. duckliiig cggs at Pippiii. The cliildren observed thc duckliiig5 hatcli, helped care for thein, aiid even watched tiiein swiin. This liaiids-on expei'ieiice supported tl)¢ii' understaiiding of lif¢ cycles, a key parl of oui. cui'i'ieuluin, aiid fostered Cliriosily, responsibility, aiid cii)pathy. Page 2
PIPPIN PLAYGROUP TRUSTEES, REPORT FOR THL YEAR LND£D 31 AUGUST 2024 Session Update It has been a busy and successful year. All preschool sessioiis have reinained at full capacity, as has our afterschool club. While breclkf<lSt club attendaiiee has been lower iii eoiiipai'isoii, iiuii)bers liave stayed consistent thi'oughout the year. FINANCIAL RF.VIEW inaiieial position Dui'iiig the year, Pippin Playgroup generated incoming resources totalling £611.290 {20?3 £563,631). This income is niade up of pareiits coiitributions totalliiig £311,158 (20?3 £?98,645), governi)ieiit fuiidiiig totalling £295,869 (2023 £?64,268), fuiidraising eveiits totalliiig £4,257 (2023 £713) and iiitCl'CSt 011 savings accouiits of £6 (2023 £6). Ouigoingj resoiirees for the year toialled £616,154 (?0?.3 £588,704) with the Inajoi'ity of resources being spent towards staff costs totalling £521,368 (?023 - £505,589). At the reporting dalc. the Charity l)ad nel ciii-l'ent assets of £347.280 (2023 £352,344), whicli iiicludes £?99,657 (2023 £31?,054) held in l)ank accounts. Principal fundin% source$ Priiiiaiy fuiidiiigi is pi'ovidcd through fces paid by the parents of the cliildren wlio alt¢nd th¢ pr¢-s¢hool. Central Bedfordshire coiincil also pi'ovide funding iii respect of eligible chi Idren covered linder a Governmeiit childcare Pippiii Playgroup is also pi'ovidcd with the use of a biiilding witl) whi¢li to pi'ovide its services to the coiiiiiiuiiity, wliich is pi'ovided by c.entral Iledfordshire Council and is managed by the pre-scliool iiiaiiagTer and coiiimitcec. Reserves policy At tl)e I'eportiiig dale, Pippiii Playgroup lield a r¢strict¢d fuiid of £?60,000 (2023 - £260,000). This fund is held sepai'ately as contingency to secure an alternative preinises if requii'ed, ¢0 continue to deliver the capabilities of the Playschool. Going concern 'I'lic '[ I'iistces have considered the ability of the Cliarity to contilllie as a goiiig coiicei'n. Duc lo tlic liugc alOul11 iiccdcd Co liavc ali. coiiditioiiiiig iiislallcd iiito Pippii), we <l1'e still fiiiid raisiiig. foi'tuiiatcly, this ycar it was iiol as l)ot as Il)e pi'cvioiis ycai. aiid we iii(Iiiaged will) laiis iii (ill Ilie rooii)s. We stil I woiild likc to ii)stall soiiic air conditioning as tlie we211iei' is so uiipi'ediclable aiid ive do not waiil to liave lo close the Setting iii IliL fiiture. FUTURE PLANS We i-ei)iaiii coininitted lo improviiig oui. enviroiiinent and I'esoui'ces to ei)sure tl)e best possible outcoines for children and staff. Onc of oiir long-terim aiiiis is to I'cplace the cai'pets throughout the setting with hard floorii)s. While ive have been unable to <1cI)ieve this ii) the past two yeai's duc to financial consti'aii)ts, we al'c liopcful tl)at Iliis will be possible in the coii)ii)g yeai.. Witli receiit softwai'e cl)ai)ges and tlie ageiiig coiidilion of soi)ie of our IT equipiiiei)t, we plaii to replace our server, as well as two desktoi) coinpiilei's and two laptops. Eiisuriiig that oiii. sysleins al-e up lo date is essential foi. the siiiootli I'iiniiing of 2diiiiiiislralive tasks and for suppoiting Icai'ning in the sel STRUCTURE, GOVERNANCE AND MANAGEMENT Goveriliiig docuiiieiit 'I'l)c cliai'ily i.q coiiti'olled by its governing dociinieiit, a deed of triist and constitiites an unincorpoi'ated charity. Govei'naiice and Managemejit Day lo day runiiiiig of tlie CliariLy's activities is delcgatcd by tlic Trus1¢¢5 to the pie-school Inanager. Page 3
PIPPIN PLA YGROUP TRUSTILS, RLI*ORI' FOR THE YEAR LNDED 31 AUGUST 2024 STRUC.TURf., GOVERNANCE AND MANAGEMENT Risk ijianagenient Thc Tiustees l)ave a diity to ideiitify and review the risks to which tlie Cliai'ity is exposed and to ensure appropriate controls are iii place to provide reasonable assurance against fi'aud and error The Chai'ity relies oil coiisist¢iit intake of childreii between ? . 4 years of age to attend the pre-s¢hool. The Charity thei'efore rclies 011 good aiid consistent birili races within the Bedfordshire ai'ea to iiiaiiilaiii Ilie children intake, of which no issues has arisen iii the past oi. iii)Inediate future. REf4ERENCI AND ADMINISTRATIVE DETAILS Registei'ed Chai'ity nuiiibei. 10?8855 Pi'ineipal addi'ess Bullci'cup Road Stotfold Hitchin kleits SG5 4pr Ti'ustCC5 L Fari'ell M R¢iiiidl)iaii W I lo (I'csigyiicd l 0.10 ?023) T Curtis (I'esigiied l 0.10 ?023) K Adams (I'esigned l 0.10.202.3) M Baiice (appoiiiled l O.10.2093) M Biitlcrwoitli {appoinled l O.10.20?3) S Ncwpoi1 (appoiiilcd l 0.10 ?02.1) G O'Rcilly (ai)poiiiied l O.10.20?.3) E Poiilger (appniiiled l 0.10 ?023) M McDoiiald-l)ayiic (appoiiited l O.10.9023) Jiidcpciidenl Exaiiiiner Joiies 14Lllit & Keeliiigs Cliartered Certified Accoui)t2nts artd Cliartei'ed Tax Advisers 7-8 Poi'liiiill Lane Hei'ifordsliii'e S(15 1 DJ Appi'oved by ord¢i' of Ihc board of LNStees 011 and signed on its behalf by.. MRai Ti'iistee Page 4
INDEPENDENT EXAMINER'S RCI PORT TO THE TRUSTEES OF PIPPIN PI.AYCROUP Indepeiident eiaminei s i'eport to the trustees of Pippin Playgroup I'eport to IhL cliai'ity irlislees 011 iiiy exaniiiiaiion of the accounts of Pippii) Pl&yoi'oup (the Trust) for the year cnd¢d 31 August 20?4. Respoilsibilities and basis of R'eport As the chai'ity trustees of the Ti'iist you are r¢sponsible for the preparatioii of the accouiits in accordance with the requiremeiits of tlie Cliai'ities Act ?0 I i ('Ihe Act')- I report in i'¢spc¢¢ of Iny examiiiation of the Trust's accouiits cai'i'ied out undei. Section 145 of the Act and in carrying out niy cxainiiiatioii I liave followed all applicablc Directions giveii by the Charily Coniiiiission undei. Section 145(5)(b) of tlie A¢¢, Independent eiaminer's statement Sincc your cliai'ity's gl'oss iii¢oiiic exceeded £?50,000 your exainiiier must be a Inember of a listed body. I can confirm that I ai?I qualified to uiiderlake the exaininalion b¢¢a115e l ani a Ineiiiber of the Associa¢ioii of Chartei'ed Cei'tified Accountaiits, which is oiie of tl)e listed bodies. have coiiipl¢ted my exainination. I confirn) that no Inaterial lila¢rS have cole to niy attention iii coiinection with the exaniiiiatioi) &yiving nie cause to believe that in any iiialcrial respect: accouiiting I'ecords wei'e noi kept in I'espect of the Trust as required by Seccion 130 of tlie Act. or the accoiiiils do not accord willi those records; or thc accounts do iiot coiiiply willi the applicable rcqiiireiiieiits coiicei-iiiiig the foi'iii and coiitent of accounts set out in the Cl)arilies {Accoui)ts aiid Rcpoits) Rcgulations ?008 oihei. thali aiiy I'cqiiii'einei)I that the accouiits give a true aiid fair view wliich is i)ol a ii)aitei' coiisidei'cd as part of ali indepeiideiil cxainiiiation. I l)avc iio coiic¢i'iis aiid l)ave coiiie aci'oss iio other ii)atlci's iii coiineclioii willi the cxaiiiii)atioii to whicli attentioii should be di'awii iii this I'cpoi't in ordcr to ciiablc a proper uiiderstaiiding of tlie accounts to be rcachcd. Alfoiiso Del Basso Joiies Hiiiit & Keelings Charlei'ed Certified Accouiilants and Cliarlei'cd Tax Advisers 7-8 Poi'tiiiill Lane Hei'tfoi'dshii'e SG5 IDJ Date: Page 5
PIPPIN PLAYCROUP S1'ATIMINT OF f4lNANCIAL AC'fivITILS FOR THE YF,AR ENDED 31 AUGUST 2024 2024 Total fuiids 2023 Total funds Uiirestricted fuiid Resti'icted fuiids Notes INCOML AND ENDOWMLN'fs ROm Charitable activities Pai'cnts, coiiti'ibutions Couiicil fiiiiding 311,158 295,869 311,158 29.5,5169 298,645 264,968 Other trading activities Investineiil iiiconie 4,257 4,257 712 Total 1611,290 611,290 563,631 EXPLI Nl)I'I'IIRb: ON Charitable activities Cliaritablc activities 94,986 94,986 83,115 Staff costs 521J68 521,368 505,589 Total 616JS4 616,354 588,704 Nk'l. INCOMEI{EXPLNDII'LIRL) (5,064) (5,064) (25,073) RF.CONCII,IATION or FLINDS TolAI fiinds bi'oughi foi'ward 92,344 260,000 352.344 377,417 TOTAL FUNDS CARRIEI D FORWARD 87,280 260,000 347,280 35? 344 CONTINIIINC OPF.RAI'IONS All incoine and expeiiditiire lias ariseii fi'om coiiliiiiiing activities. Thc notcs foi'ni part of these financial statemei)¢s Page 6
PIPPIN PLAYGROUP BALANCE SIIEET 31 AUGUST 2024 2024 Total funds 20?3 Uiiresti'icted fui)d Restricted fuiids fuiids Notes FIXED ASSETS -l-angible assets 6,803 6,803 4,004 CURRENT ASSETS Debtors Cash at bank 12 25,139 33? 054 39,657 260 000 299 657 97,217 260,000 357,217 357,193 CREDITORS Aiiioiints falliiig due within one yeai. (16,740) (16,740) (8,853) NL'f CilRRENT ASSETS 260 000 340,477 348,340 TOTAI, ASSF.TS I.F.SS CIJRRENT LIABILITILS 87,280 260,000 347,28 35?,344 IYET ASSETS • 87280 260,000 347 280 35? 344 FUNDS 14 Uiiresti'icted fLinds Restricted fiinds 87,280 260 000 92,344 260 000 TOTAL TrUNDS 347,280 35? 344 The fiiiancial stateiiients were approved by the Boai'd of Tnistees and autliorised for issue oli aiid wei'c sigiied on ils bclialf by.. ain iiaii - Triistee The notes foi-ni part of these fiiiancial statements Page 7
PIPPIN PLAYGROUP CASII FLONV STATCMLNT FOR I'HE YEAR ENDED 31 AUGUST 2024 2024 20?3 Notes CAsh flows from opei'ating Activities Cash generated froin opei'ations 26,469) 67,578) Net casli used in operatiiig activities 26 469) 67 578) Cash floivs fi'oiii investiiig Activities Pui'cliase of laiigible fixcd assets Interest reeeived (5,934) (2.565) Nct cash uscd in investing aG¢ivitiC5 -5,928) 2,559) ClIAn2e iii casl) and casl) equivalents in the i'ei)orling period Cash And CAsli equivalonts at the begijinlng of th¢ r¢poi'lin% p¢i'iod (32,397) (70,137) 332 054 409 191 Cash And casli equivalents at the end of the reporting period 299,657 132,054 The notes forni part of thesc fiiiancial statcments Page 8
PIPPIN PLAYGROUP NOTES TO THE CASH FLOIV STATF.MENT FOR THE YEAR ENDED 31 AUGUST 2024 RECONCILIATION OF NET EXPENDJTLIRC TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 20?3 N¢t e¥peIiditure for tl)e i'epoi'ting pei'iod (as per the Stgtenient of riJianci#l Activities) Adjustments for: Depi'eciation charges Intei'est received Increase in d¢btors Increasc/(decrease) iii creditois {5,064) (25,073) 2,537 (6} (892) 44 144) "(32,421) Net cash used in opei'ations 26,469) 67,578) ANALYSIS or CiiANGES IN NET fuNDS At 1.9.?3 Cash flow At 31.8.24 Nct cash Casli at bank 332 054 32,397) 299 657 332 OS4 32,397) 299 647 Total 332,054 32,397) 299 657 The notes forin parl of these fiiiancial stateineiits Page 9
PIPPIN PLAYGROUP NO"I'LS 'fo THE FINANCIAL STATF.MF.P4TS FOR TIIE YEAR ENDED 31 AUGbST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements Tlie finaiici<11 statcinents of tlie charity, wl)ich is a public benefit entity uiider FRS 102. have beeii prepared in accordance Nvith the Chai'ities SORP {fRS 102) 'Accouiiting and Reportiiig by Charities.. Stateinent of Rocoiiiiiiended Practice applicable to cljarities pi'epai'iiig tlieir accouiils ii) accoi'danee witli tlie Fiiiancial Reporting Siaiidai'd applicable in t]ie UK aiid Republic of Irclaiid {PRS I O?) (cffective l January ?019}'. Financial Reportii)g Staiidai'd 102 'fhe Financial Reportiiig Staiidai'd applicable in the UK aiid Republic of Irelaiid, aiid the Chai'ities Act 201 l. Tlie financial statements have beeii prepai'ed uiidei. the histoi'ical cost ¢onvention. The presentation currency of the finaiicial staleiiients is the pound sterling (£). Significailt judgenients And estiniAtion uncci'tainty Tlie prepai'alioii of il)e finaiicial statcmeiits I'cquires manaLyemeiit to iiiake judgeiiienls. estimates and assumptions Cliai affect Ilic aii)ouiits reported for assets and liabili(ics as at ihc balaiice slieet date and thc aiiiounts I'cpoi'ted foi. revenues aiid expeiises dliriiigy Il)e year. Howevei., Ilie i)alurc of estiiiiatiuii ii)eaiis 11)al aclual outcoiiies could diftci. froni tl)ose estimates. In ilie Trustees, opiiiion. Lliei'e are iio significant judgeineiiis or key sources of estiii)ation uiicerlaii)¢y, FiiianciAI instrunients 'I'lie Lliarity oiily eiilei's into basic fiiiaiicial iiislriiiiioiits tliat result iii the recognition of finaiicial asscis and liabilities like ti'ade aiid otl)cr del)lors and ci'editors, loai)s fi-oiii baiiks aiid otlier thii'd parties. loaiis to rclated i)arlie.q aiid iiivestnients in iion-piittablc ordinary shal'es. rinancial assets Iliat are measur¢d al cost aiid aiMoi't15ed cost al'e assessed al ihe eiid of eacli rcporling period for objective evideiice of iinpairniei)i. I f objeciive evideiice of iiiipairinent is fouiid, an iinpairineiii loss is I'eco&iiiised iii the Profit and Loss Accouiit. Financial assets and liabilities al'e offset and tlie iiet ai)iount repoited iii the Balaiice Sheet wlien tliere is an eiiforceablc I'igyl)I to sei c)rr cl)e I'ecogiiised aniouiils aiid tl)cre is an iiilei)lion to settle oli a ncl basis or to realise tl)e asset and settle tlie liability simultsi)eously. Income All iiicoii)e 15 recogFiiiscd ii) tlie Stateiiieiil of fiiiaiiLial Activities once tlie cl)arity lias ei)titleiiieiit co tlie fuiids, it is probable tliat the income will be I'eceived aiid tlie ainoiiiil can be nieasiii'ed I'eliably. Expenditiire Liabilities arc r¢cogiiiscd as cxpcnditui'c as sooii as tliei'c is a Icgal oi. coii5tructive obligatioii coiiiiiiittii)g Ilie cliaricy lo (lial expenditure, il is probable tlial a traiisfei. of ecoiioinic beiiefits will be requii'ed iii settleii)ent aiid thc aiiioui)I of the obligation cali be i?ieasui'ed I'eliably. LxpeiiditLlI'e is accoLlllted foi. oli an acci'uals basis lind has bceii classified under licadiiigs tl)at aggrcgalc all cost I'ela¢ed lo the catebFOry. Whcrc costs cannot be directly attribLlted lo pai'ticular lieadiiigs tlicy have beeii allocated to activities oli a basis consistcnl with tli¢ use of resoui'ces. Tangible filed Assets Deprecialioii is provided at the followiiig annual i?tcs in ol'der to wi'ite off each asset over its estiinated useful life. Fixtures and fittings C.011lPLicei' eqiiii)iiieiil 330/0 on cost 330/0 on cost 1'axatioi) Tlic Gliai'ity is cxeiiipt froni tax oil its charilable activicics. Fund accouiiting Unrestricted tunds can be used in accordance with the eharilable objectives at the discretion of the trustees. Page 10 continued...
PIPPIN PLAYGROUP NOTES TO TIIE FINANCIAL STATEMENTS- contiiiued FOR TIIE YCAR ENDED 31 AUGUS'I" 2024 ACCOUNTING POLICIES- continuod Fund accouiitiiig Resli'icled funds can only be used foi. particular resti'i¢ted purposes withiii the objects of the chai'ity. Resti'ictioiis arise wlien specified by the doiior or when fuiids are raised foi. paiticular restricted purposes. Further explanation of th¢ nature and purpose of each fuiid is included in the notes to the financial statements. Pelision costs and other p05t-I'etireii)ent benefits The eliarity opei'ates a defined conti'ibution peiisiui) scheme. Coiili'ibutions payable to the charity's pension scheine arc cliai'gcd to the Statement of Financial Activities iii tlie period lo whicli they relate. OTFIER TRADING ACTIVITIES 2024 ?0?3 Fundraisiiig events 71? INVESTMENT INCOME 2024 ?023 Deposi¢ accoLint i111'eSt INCOME fROM CHARITABLE ACTIVITIES 2024 2023 Activity Pai'cnts, Loiili'ibulions Couiicil fundiiig Pareiits, contributions Funding 311,1$8 ?98,645 264 ?68 607,027 56? 913 CHARITABLC ACTIVITIF.S COSTS Support costs (see iiote 6) Charitable activities 94,<)86 Paoe 11 contiiiiied...
PIPPIN PLAYGROUP NO"I'ES TO I'HE:, I,'INANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 SUPPORT COSTS Infoi'niatioii techiiology Manageinent Fiiiance Cliaritablc activitics 19,980 217 7,716 Properly expenditui-e Govei'nance costs Totals Charitable a¢tivitie5 50,970 16,103 94,986 TRUSTCCI S, RIMUNERATJON AND BENCI FITS There were iio trustees, reiniinei'ation or othei. beiiefics for the yeai. ended 31 August 2024 iior for the year ended 31 Au8USt ?023. Trustees, expeiises Thei'e wei'e no truskes, expenses paid for the year eiided 31 Augiist ?024 nor foi. the year elided 31 August 10?3. STAfF COSTS 2024 ?0?3 Wages aiid salai'ies Social sccurity costs O¢lici' pciisioii costs 471,261 464.?63 96,991 517,222 50? 524 Tlie average nioiiilily iiuniber of employees dLlI'iiig the year was as follows: 2024 29 2023 ?7 Staff No einployees received einoluii)ents in excess of £60,000. Staff costs also ii)cludc £2,930 (2023 £1,453) for staff uniforins aiid £1,216 (20?3 £1,612) for staff ti'ainiiig. PaiFe 12 contllllied...
PIPPIN PLAYCROUP NOTF.S TO TFII fiNANCIAL STATF.MENTS- continued roR THE YEAR ENDID 31 AUGUST 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted flind Restricted funds Total funds INCOMI AND ENDOWMENTS FROM ChAI-itAble activities Parents, contributions Coiincil fiinding ?98,645 264,268 ?98,645 ?64,968 Otlier ti'adiiig activities Investiiient inconie 712 712 Total 563,631 563.631 EXI)ENDI'fuRL ON Cljai'itable activities C.liai'ital)IL ¢lLtiwiti¢s 83,115 83,115 Staff costs 505 589 505,589 Total 588,704 588,704 NET INCOMII{CXPENDITURE) (25,073) (25,073) Rfi CONCII,IA'fioN OF FUNDS Tolal fuiids bi'ou&lii foi'ward 117,417 960,000 377.417 TOTAL fuNDS CARRIED FORWARD ?60,000 35? 344 io. GOVERNANCE COSTS Governance costs iiicliides: 2024 2023 Indepeiident Exaiminei s reiniinei'atioii Indcpeiideiit F.xaininer's reiniinei'ation for othei. sei'viees 720 720 4.980 Pagc 13 contiiiued...
PIPPIN PLAYGROUP NOTCS TO TJIE fINANCIAL STATEMENTS- continued I,'OR'I"IIE YLAR ENDED 31 AUGUST 2024 TANCIBLK FIXF.D ASSETS Fixtures aiid filtiiigs Coiiiputer equipii)eiit Totals cos'r At I Septeinbei- 20?3 Additions 40,129 5,085 16,056 849 56,185 -5,934 At 31 August 20?4 45,214 62,119 DEPRECIATION Ai I Septeinber ?0?3 Cliarge for yeai. 37,047 2,101 1.4,134 At 31 Augusl ?0?4 39,148 16,168 55,316 NET BOOK VAI.UI At 31 ALI&FusL ?014 6,066 737 At 31 August 9093 3,08? 92? 4,004 12. DEiITORS: AMOUNTS fALLING DUE WITIIIN ONE YEI AR 2024 90?3 Trade debtoi's PrepayiiiLiits 56,730 830 -fj7,-$60 5,139 13. CREI)1I'ORS: AMOUNTS FALLING DUE wi'fHIN ONE YEAR 2024 !o?J Trad¢ cr¢ditors Social seclirity aiid other taxes Otliei. ci'editors and accruals 8,040 1,570 383 16,740 Paoe 14 continued...
PIPPIN PLAYGROUP NOTES TO THE FINANCIAI, STATIMENTS- eontiiiued FOR I'IIL YLAR LNDED 31 AUGUST 2024 14. MOVEMENT IN Fuf4DS Net movement in funds At 31.8.24 At 1.9.23 Unresti'ieted funds Genei'al fLlI)d 92J44 (5,064) 87,280 Re511'ictcd funds Propeily fund Resolirces flind 250,000 10,000 2.50,000 10,000 260,000 260,000 TOTAL fuNDS 352J44 -S,064) 347,280 Net Inovcment in fuiids, included in the above are as follows,. Incoiniiig I'esoiii'ces Resoiirccs expended Moveinent in funds Unrestricted funds General fuiid 611,290 (610,354) (5,064) TOTAL FUNDS 611290 616354) C.oii)pxrAtives for movenient in funds Net I0ve]ent iii fuiids At 31.8.23 At 1.9.?? Unrestricled funds Geiiei'al fLiiid 117,417 (25,073) 92,344 Resli'icted fiiiids l)ropei'ly fvnd Resoiirc¢s fLind ?50,000 i 0,000 ?50,000 260 000 260 000 TOTAL FUNDS 377,417 25,073) 359,344 Pa(FC 15 continiied...
PIPPIN PLAYGROUP NOTF.S TO THE FINANCIAL.STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 14. MOVEMENT IN fi UNDS- continued Coniparative net niovement iii funds, iiicluded iii the above are as follows: Incoiniiig resoui'ces Resoui'ces expcndcd Movenient in funds Unreqtricted funds Genet21 fiind 563.631 (588,704) (?5,073) TOTAL b"UNDS 563.631 588,704) •5,073) A current year 12 nionths and prior year l ? moiiths coiiibiiied position is as follows.. Net nioveiiient it) fuiids At 31.8.24 A¢ 1.9.2? Unresti'ieted funds Geiici'al fuiid 117,417 (.30,137) 87,?80 Rostricted fuiids Properly nd R¢soLlI'CCS fliiid ?50,000 10,000 ?50,000 i 0.000 ?60,000 260 000 TOTAL FUNDS 377.417 30 137) 347,?80 A Cliri'cnt yeai. 12 iiioiitlis aiid prior year 12 nioi)ths coiiibiiied iiel Imoveineiit iii fliiids, iiicluded in the above al-e as follc)ws: Inconiiiig resoui'ces Rcsoui'ccs expellded Movemeiit in fuiids Unresti'icted funds General flind 1,174,991 {1,205,058) (30,137) 'I'O'I'AL FUNDS 1,174,971 (1,205,058) 30 117) Pa(ye 16 contiiiiied...
ptPPlN PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS- continued roR THE YEAR ENDID 3 1 AUGUSI. 2024 15. EMPLOYIK BENEFIT OBLIGATIONS The Charity operates an auto-enrolment peiisioii scheme for the benefit of its employees. Duriiig the year. the Charity conti'ibuted £12.614 {?023 - £11.270). 16. RELATED PARTY DISCLOSURCS Thei'e were no i'clated pai'ty transactions for the year cndcd 31 Aiigust 20?4. 17. ULTIMATE CONTROI,I,II%G PARTY The chai'ity is controlled by the triistecs. Page 17
PIPPIN PLAYGROUP DLTAILED STATEMf.NT or rIN'ANCIAI. ACTIVITIF.S FOR TIIL YEAR ENDED 31 AUGUST 2024 ?024 2023 INCOME AND ENDOWMENTS Othei. trading Activities Fundraisiiig events 71? Inve5tinent income Deposit account iiitei'est Charitable Aetivities Pai'eiits, contributions Funding 311,1$8 295,869 298,645 ?64,?68 607,027 56? 913 Total incoming i'esources 611,290 563,631 EXPF.NDITURE Staff costs Wagcs Social seGui'ity Pensions Uiiifoi-ln Staff training 471,261 33,2.$3 12,708 2,930 1,210 464,163 ?6,991 1,453 1,619 521,368 505,589 Support Costs Mand&ciii¢iit rood aiid di'iiik 'roys and books '[ elephoiie Postage and stslionery Suiidries Ti'avel expeiises 8,896 6,28? 6.160 1,496 6,738 958 241 4,286 873 93 19,980 19,216 Finance Bank charges 217 Infoi'mAtion technology Website aiid softw<il'e Computer equipii)eiit 6,682 6,544 873 7,716 7,417 I'his page does iiot foi'iii part of tlie statutory financial stateiiiei)ts Page18
PIPPIN PLAYGROUP DE"fAILLD SI'ATEMENT OF FINANCIAL ACTIVII"IES OR 'I'IIL YLAR ENDED 31 AUGUST 2024 2024 2023 Infoi-niation Éechiiology Pi-opei'ty exijeiidiluj'c Reiil, rates and water Light aiid heat Repairs, equipiiient and resoiirccs Iiisui'ai)cc, licciices aiid subsci'iptioiis Depreciatioii of fixlur¢s aiid fillings 11,824 15,187 6,761 2,10 13,712 6,084 1,664 44,901 Governance costs Legal aiid professioiial fees Exaiiiiiiei s I'einuiiei'alioii Accouiitaiicy 9,743 720 5,640 5,881 720 4,980 16,103 Total resoui'ces expeiided 616,3.$4 588,704 Not expeiiditui'e •5,073) This page does iiot foriii part of tlie statutory fiiiaiicial statciiicnts Page 19