REGISTERED CHARITY NUMBER: 1028924 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 FOR ST MARYS UNDER FIVES PLAYGROUP Blue Rocket Accounting Accountants and Tax Advisers 8 Twisleton Court Priory Hill Dartford Kent DA12EN
ST MARY'S UNDER FIVES PLAYGROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities 11
ST MARY'S UNDER FIVES PLAYGROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020 The trustees present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims In setting the objectives and planning the activities, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging. The objects for which the charity is established are:. To enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means of ability; b) encouraging the study of such needs of children and their families, and promoting public interest in and recognition of such needs in the local areas- c) instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. ACHIEVEMENT AND PERFORMANCE Review of Activities and Achievements During the year the charity received grants totalling £169,340 (2019 - £167,255) from Kent County Council in respect of it's core activty, together with fee income from parents amounting to £23,695 (2019 - £34,974) and other income from fundraising, interest, donations and further income totalling £1,454 (2019 £727). There was also an amount of £12,480 received for furlough grants from HMRC, in this year. Expenditure on core fund activities amounted to £194,047 (2019 - £215,627) which was mainly attributable to salaries paid to staff and rent of premises. A further £32,629 (2019 - £32,629) was incurred on restricted fund activities. There was a deficit for the year of £19,700 (2019 deficit £45,299). STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Organlsatlonal structure The policy and general management of the charity is directed by it's Management Committee, as set out in the constitution dated 18th October 1993 (and amended on 15th October 2008). The Committee comprises the chairperson, treasurer and secretary and at least two other committee members. 60 % of the committee must include parents of children at the school. Committee members are elected at the AGM and serve for 1 year (and for a maximum of 10 years) and are re-elected each year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1028924 Principal address The Recreation Ground Off London Road Stone Kent DAg gDQ Trustees Mrs J M Kemp Treasurer Ms E Butcher C Broughton K Norman (appointed 10.2.20) K Davies (appointed 10.2.20)
ST MARY'S UNDER FIVES PLAYGROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Blue Rocket Accounting Accountants and Tax Advisers 8 Twisleton Court Priory Hill Dartford Kent DA12EN RESERVES Reserves for the core fund are maintained at a level to provide sufficient funds to meet day to day costs and after taking into account contingencies and future commitsnents. Approved by order of the board of trustees on 26 May 2021 and signed on its behalf by: Mrs J M Kemp- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARYS UNDER FIVES PLAYGROUP Independent examiner's report to the trustees of St Mary's Under Fives Playgroup I report to the charrty trustees on my examination of the accounts of St Mary's Under Fives Playgroup (the Trust) for the year ended 31 July 2020. 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 examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. E Duda ACCA Blue Rocket Accounting Accountants and Tax Advisers 8 Twisleton Court Priory Hill Dartford Kent DA12EN Date: May 2021
ST MARY'S UNDER FIVES PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020 3117120 Total funds 3117119 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 169,339 169,339 167,255 Other trading activities Investment income Other income 25,149 25,149 35,701 12,480 12,480 Total 206,976 206,976 202,957 EXPENDITURE ON Raising funds 29 Charitable activities Direct Chatitable Activities 190.604 32,629 223,233 244,743 Other 3,443 3,443 3,484 Total 194,047 32,629 226,676 248,256 NET INCOMEI(EXPENDITURE) 12,929 (32,62g) (19,700) (45,2gg) RECONCILIATION OF FUNDS Total funds brought forward 25,004 498,609 523,613 568,912 TOTAL FUNDS CARRIED FORWARD 37,933 465,980 503,913 523,613 The notes form part of these financial statements
ST MARYS UNDER FIVES PLAYGROUP BALANCE SHEET 31 JULY 2020 3117120 Total funds 3117119 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 6,576 464,798 471,374 504,559 CURRENT ASSETS Debtors Cash at bank and in hand 12,355 36,279 12,355 37,461 12,470 29,798 1,182 48,634 1.182 49,816 42,268 CREDITORS Amounts falling due within one year (17,277) (17,277) (23,214) NET CURRENT ASSETS 31,357 1,182 32,53g 19,054 TOTAL ASSETS LESS CURRENT LIABILITIES 37,933 465,980 503,913 523,613 NET ASSETS 37,933 465,980 503,913 523,613 FUNDS Unrestricted funds Restricted funds 10 37,933 465,980 25,004 498,609 TOTAL FUNDS 503,913 523,613 The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2021 and were signed on its behalf by: J M Kemp- Trustee The notes form part of these financial statements
ST MARY'S UNDER FIVES PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 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 the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to propety Equipment 5% oncost 25 % on cost Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and pury)ose of each fund is included in the notes to the financial statements. OTHER TRADING ACTIVITIES 3117120 3117119 Fundraising events Fees Other income - course fees rei mbursed 580 23,695 874 727 34,974 25,149 35,701 INVESTMENT INCOME 3117120 3117119 Deposit account interest
ST MARYS UNDER FIVES PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019. Trustees. expenses There were no trustees, expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019. STAFF COSTS The average monthly number of employees during the year was as follows: 3117120 11 3117119 13 Average number of employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 167,255 167,255 Other trading activities Investment income 35,701 35,701 Total 202,957 202,957 EXPENDITURE ON Raising funds 29 29 Charitable activities Direct Chatitable Activities 212,114 32,629 244,743 Other 3,484 3,484 Total 215,627 32,629 248,256 NET INCOMEI(EXPENDITURE) (12,670) (32,629) (45,299) RECONCILIATION OF FUNDS Total funds brought forward 37,674 531,238 568,912 TOTAL FUNDS CARRIED FORWARD 25,004 498,609 523,613
ST MARY'S UNDER FIVES PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020 TANGIBLE FIXED ASSETS Improvements to property Equipment Totals COST At 1 August 2019 and 31 July 2020 661,175 4,115 665,290 DEPRECIATION At 1 August 2019 Charge for year 156,742 33,059 3,989 126 160,731 33,185 At 31 July 2020 189,801 4,115 193,916 NET BOOK VALUE At 31 July 2020 471,374 471,374 At 31 July 2019 504,433 126 504,559 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3117120 3117119 Other debtors Prepayments 12,355 12,355 115 12,355 12,470 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3117120 3117119 Taxation and social security Other creditors (266) 17,543 7,058 16,156 17,277 23,214 10. MOVEMENT IN FUNDS Net movement in funds At 31.7.20 At 1.8.19 Unrestricted funds Core funding 25,004 12,929 37,933 Restricted funds Kent County Council - Buildlng Grant Kent County Council - EYFS Grant Kent County Council - Professional Development Grant 498,296 304 (32,629) 465,667 304 498,609 (32,629) 465.980 TOTAL FUNDS 523,613 (19,700) 503,913
ST MARYS UNDER FNES PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020 10. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds Core funding 206.976 (194,047) 12,929 Restricted funds Kent County Council - Building Grant (32,629) (32,629) TOTAL FUNDS 206,976 (226,676) (19,700) Comparatives for movement in funds Net movement in funds At 31.7.19 At 1.8.18 Unrestricted funds Core funding 37,674 (12,670) 25,004 Restricted funds Kent County Council - Building Grant Kent County Council - EYFS Grant Kent County Council - Professional Development Grant 530,925 304 (32,629) 498,296 304 531,238 (32,629) 498,609 TOTAL FUNDS 568,912 (45,299) 523,613 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds UnrestrlGted funds Core funding 202,957 (215,627) (12,670) Restricted funds Kent County Council - Building Grant (32,629) (32,629) TOTAL FUNDS 202,957 (248,256) (45,299)
ST MARY'S UNDER FIVES PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds At 31.7.20 At1.8.18 Unrestricted funds Core funding 37,674 259 37,933 Restricted funds Kent County Council - Building Grant Kent County Council - EYFS Grant Kent County Council - Professional Development Grant 530,925 304 (65,258) 465,667 304 531,238 (65,258) 465,980 TOTAL FUNDS 568,912 (64,999) 503,913 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Core funding 409,933 (409,674) 259 Restricted funds Kent County Council - Building Grant (65,258) (65,258) TOTAL FUNDS 409,933 (474,932) (64,999) 11. CONTINGENT LIABILITIES According to the terms of the Building Grant Agreement with Kent County Council (KCC), the charty is liable to refund the full market value to KCC rf the property is sold within 20 years from the date of completion of the refurbishment and extension. 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2020.