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← Minster Playgroup

2023-03-31-accounts

Charity number: 1029592

Minster Playgroup

Unaudited

Trustees' report and financial statements —

For the year ended 31 March 2023

Minster Playgroup

Contents

Page
Reference and administrative details ofthe Charity, its Trustees and advisers 1
Trustees’ report 2-4
Independent examiner's report 5-6
Statement of financial activities 7
Balance sheet 8
Notestothefinancialstatements 9-20

Minster Playgroup

Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 March 2023

Trustees Dannielie Gray, Chairfrom 12 November2022
Sarah Mustafa, Chair until 12 November 2022
Debbie Harrison
Annabel Ross
Danielie Gray
Georgina Sparkes
John Kelly
Gemma Doucy ©
Charityregistered
number 1029592
Principal offlce Minster Playgroup
Brecon Chase
Minsteron Sea
Sheerness
Kent
ME12 2HX
Accountants Kreston ReevesLLP LLP
Chartered Accountants ,
37 St Margaret's Street
Canterbury
Kent
CT12TU

Page 1

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Minster Playgroup

Trustees’ report

For the year ended 31 March 2023

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023.

Objectives and activities

a. Policies and objectives

The objectives of Minster Playgroup are to create a learning environment that encourages children to thrive through developmentally appropriate play activities, planned to meet each child’s individual needs. The Playgroup promotes a safe, caring, supportive and inclusive environment where each child’s self-esteem is fostered by positive relationships with each other, staff and volunteers. We strive to have parents, carers and community members actively involved in our chiidren’s learning.

The charity acknowledges its requirements to demonstrate clearly that it must have charitable purpose or ‘aims’ that are the public benefit. Details of how the charity has achieved this are provided in the Annual Report of the Trustees. The trustees confirm that they have paid due regard to the Charity Commission Guidance on public benefit before deciding what activities the charity should undertake. |

Achievements and performance

a. Review of activities

Minster Playgroup at the Abbey has had a fantastic year! 34 children successfully transitioned to primary school. We had 50 children on rofl with all spaces full! New starters were transitioned in over two weeks and this worked really well. Our packed lunches proved very popular and average a 10 a day.

We are still using the Co-op Fare Share and our families are enjoying this. We welcomed visits from Boogie Tots, Yoga and River Rodents. Since we have been at the hall we have developed strong ties with the community and this has been evident by the support they have given with the donations of money, clothing and toys. In turn we have shown our appreciation by giving back to the community by improving and maintaining the hall which benefits everyone, this has helped the Abbey playgroup to establish themselves.

Minster Playgroup at the main site have a very successful year. We had a healthy number of children on roli and 65 children transitioned to primary school. We are experiencing high number of SEN and EYPP and received extra funding served to meet all needs of these pupils. We have found the breakfast club to be very popular with our parents, we have adapted to our parents needs by offering different start times. After successfully introducing our own school dinners we have offered more hot meals and the uptake has been fantastic, at Christmas we also cooked our first Christmas Roast which both sites enjoyed and the children loved. By adding these extra services, it has helped us to bring extra money into the charity and helped us to keep the fees the same as the previous year.

We had visits from outside services to provide Yoga and Boogie tots and River Rodents which the children loved. For our annual trip out we visited the Minster Gatehouse for our school leavers. We continued to work in partnership with Kingsferry Collaboration.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 2

7

Minster Playgroup

Trustees’ report (continued) For the year ended 31 March 2023

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b. Reserves policy

. Reserves in this context mean funds that are freely available for the Charity's general purposes after all commitments have been met.

In addition to such restricted reserves the Charity may also hold additional ‘restricted reserves’ representing funds donated for a specific purpose which cannot be used for anything other than the purpose for which they have been donated.

It is the intention of the trustees to hoid sufficient funds to enable the charity to the equivalent of 3 months running costs, to cover any redundancy costs, issues with funding or the playgroup has to ciose.

It is the opinion of the Trustees that existing reserves still need to be built to meet the above requirement.

Structure, governance and management

a, Organisational structure and decision-making policies

Minster Playgroup (formerly Minster Nursery Group) was founded on 1st September 1963. The current constitution of Minster Playgroup was created by the ‘Pre School Learning Alliance'(PLA). Membership of the alliance is by annual subscription. .

The Playgroup is managed by an elected committee who. Subject to the rules, control the affairs, funds, property and proceedings of the Charity. They are assisted in the administration of the Charity by a management team.

The Playgroup is managed by a committee who are Trustees of the Charity. They have individual and collective responsibility for the management of the Charity and its funds. Subject to the overall supervision of the Charity the committee controls and monitors all of the finances, fund raising and initiatives of the Charity.

b. Financial risk management

The trustees actively review the major risks which the charity faces on a regular basis and will strive to maintain reserves at the current level or more, combined with an annual review of the controls over the key financial systems, will provide proficient resources in the event of adverse conditions. The trustees have examined other operational and business risks faced by the charity and confirm that they have estabiished systems to mitigate the significant risks. ,

c. Training for staff

Staff updated their CPD with safeguarding, CSE, FGM , food hygiene, SEN training alongside courses on Noodle Now and Kingsferry Coliaboration.

Page 3

Minster Playgroup

Trustees’ report (continued)

For the year ended 31 March 2023

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally. Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Dannielle Gray oo Date: L° 6/02 LO24i

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Page 4

Minster Playgroup

Independent examiner's report For the year ended 31 March 2023

Independent examiner's report to the Trustees of Minster Playgroup (‘the Charity’)

| report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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 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.

| 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.

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Minster Playgroup

Independent examiner's report (continued) For the year ended 31 March 2023

This report is made solely to the Charity's Trustees, as a body, in accordance with Part.4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the Charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: y Dated: 26 February 2024

SN Miles FCCA

Kreston Reeves LLP

Chartered Accountants

Canterbury

Page 6

Minster Playgroup

Statement of financial activities For the year ended 31 March 2023

Restricted Unrestricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
Note £ £ £ £
Income from:
Donations and legacies 3 - 2,882 2,882 5,552
Charitable activities 4 26,908 382,402 409,310 387,958
Othertrading activities 5 - 7,830 7,830 6,431
Investments 6 . 749 749 7
Other income 7 . 2,457 2,457 2,646
Total income 26,908 396,320 423,228 402,594
Expenditure on:
Raisingfunds _ 3,350 3,350 1,052
Charitable activities 8 37,375 349,095 386,470 337,758
Total expenditure 37,375 352,445 389,820 338,810
Netmovement infunds (10,467) 43,875 33,408 63,784
Reconciliation offunds:
Totalfunds brought forward 10,467 210,897 221,364 157,580
Netmovement In funds (10,467). 43,875 33,408 63,784
Totalfundscarriedforward - 254,772 254,772 221,364

The Statement of financial activities Includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

Page 7

Minster Playgroup

Balance sheet As at 31 March 2023

2023 2022
Note £ £
Fixed assets
)
Tangible assets 12 1,701 2,268
1,701 2,268
Current assets
Debtors 13 - 1,996
Cash at bank and in hand 259,368 220,684
259,368 222,680
Creditors: amounts falling due within one
year 14 (6,297) (3,584)
Netcurrent assets 253,071 219,096
Total net assets 254,772 221,364
Charityfunds
Restricted funds : 15 - 10,467
Unrestricted funds 15 254,772 210,897
Totalfunds 254,772 221,364

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Dannielle Gray

Date: 26/02/2024

The notes on pages 9 to 20 form part of these financial statements.

Page 8

. Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

  1. General information

The charity is a charity registered by the Charity Commission in England and Wales and governed by the constitution adopted 24 May 1978, as amended on 1 March 2017. The principal office is Minster Playgroup, Brecon Chase, Minster on Sea, Sheerness, Kent, ME12 2HX.

2. Accounting policies

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The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Minster Playgroup meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The charity's functional and presentational currency is pounds sterling.

The charity's financiat statements are rounded to the nearest pound.

2.2 Going concern

The Trustees have considered the level of the charity's reserves and its projected income. They have concluded that the charity will have sufficient resources to continue in operational existence for the foreseeable future. Therefore, they have adopted the going concern basis for the preparation of the financial statements.

2.3 Income All income is recognised once the Charity has entitlement to the income, it Is probable that the income will bs received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 9

Minster Playgroup

Notes to the financial statements

For the year ended 31 March 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is incluslve of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost madel, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis,

Depreciation is provided on the following basis:

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|||||| |---|---|---|---|---| |Fixtures|and|fittings|-|25%| |Office|equipment|-|25%| |Play equipment|-|25%|

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Trade and other debtors are recognised at the settlement amount after any trade discount offered, Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand includes cash and short-term highly liguid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

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Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

2. Accounting policies (continued)

,

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settiement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

.

Restricted
funds		 Unrestricted
funds		 Total
funds		 Total
funds
2023 2023_—C«; 2023 2022
£ £ € £
Donations , - 371 371 500
Grants - 2,511 2,511 5,052
- 2,882 2,882 5,552
Total2022 500 §,052 5,552

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Minster Playgroup

:

Notes to the financial statements _ For the year ended 31 March 2023

4. Income from charitable activities

.

Restricted Unrestricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
KCC funding - 307,687 307,687 273,664
KCC special educational needs funding 15,766 - 15,766 16,139
KCC free funding for2 yearolds - 35,250 35,250 44,754
KCC earlyyears funding 7,942 : 7,942 7,656
DisabilityAccess Fund 3,200 - 3,200 2,460
Children's fees (private) - 38,137 38,137 42,590
Breakfast Club - 1,328 1,328 695
26,908 382,402 409,310 387,958
Total 2022 7,656 380,302 387,958
5. Income from othertrading activities
Incomefromfundraisingevents
_ Unrestricted Total Total
funds funds funds
2023 2023 2022
£ £ £
Fundraising 1,724 1,724 3,720
Children's clothing ; 16 16 420
Refunds - - (105)
Otherclubs 744 744 81
Dinner money 5,346 5,346 2,315
7,830 7,830 6,431
Total2022 6,431 6,431

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Minster Playgroup

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Notes to the financial statements For the year ended 37 March 2023

6. Investment income

Unrestricted Total Total
funds funds funds
2023 2023 2022
; £ £ £
Bank interest received 749 749 7
Total 2022 7 ?
.
Otherincomingresources
Unrestricted
’
funds		 Total
funds		 Total
funds
2023 2023 2022
£ £ £
First aid course income 2,457 2,457 2,646
Total2022 2,646 2,646

7. Other incoming resources

  1. Analysis of expenditure on charitable activities

Summary by fund type

Restricted Unrestricted
funds funds Total Total
2023 2023 2023 2022
£ £ £ £
Operation ofplaygroups 37,375 349,095 386,470 337,758
Total2022 7,016 330,742 337,758

9. Analysis of expenditure by activities

—

Activities
undertaken
directly		 Support
costs		 Total
funds		 Total
funds
2023 2023 2023 2022
£ £ £ £
Operation of playgroups 331,273 55,197 386,470 337,758
Total2022 280,628 57,130 337,758

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Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

.

Analysis of direct costs
.
.
, Total Total
funds funds
2023 2022
£ £
Staff costs 303,129 255,757
Depreciation 312 415
Toys, small equipment, bocks and consumables 9,409 13,040
Training courses 1,961 72
Food and snacks §,727 ' 4,088
Earlyyears expenses 10,735 7,256
331,273 280,628

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Minster Playgroup

7

Notes to the financial statements

For the year ended 31 March 2023

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Total Total
funds funds
2023 2022
.
&£		 £
Staff costs - 2,440
Depreciation 255 . 344
Food and snacks 499 265
Rent
;		 20,304 20,489
Utilities , 4,800 4,800
Insurance 2,005 1,937
Wasie, cleaning and hygiene 899 2,170
Telephone 2,065 1,407
Postage and stationery 1,396 398
IT software and consumables 1,190 2,867
Licences 981 2,129
Subscriptions 604 514
Staff uniforms 290 1,863 ;
Premises maintenance 9,904 3,972
Leasing costs ; (2,538) 1,718
Staff meals and Christmas costs 1,506 786
Accountancy and bookkeeping 8,383 6,011
Professional fees 2,582 2,390
Bank charges 72 96
Training courses - 537
55,197 57,130
10. Staff costs
2023 2022
£ £
;
Wages and salaries ; 289,238 248,867
Social securitycosts 10,585 6,890
Contribution to defined contribution pension schemes 3,306 2,440
303,129 258,197

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Page 15

Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

10. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2023|2022| |No.|No.| |Employees|28|27| |No|employee|received|remuneration|amounting|to|more|than £60,000|in|either year.|

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11. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £40).

12. Tangible fixed assets

,

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|||||||| |---|---|---|---|---|---|---| |Fixtures|and|Play| |fittings|equipment|Total| |£|£|£| |Cost|or valuation|:| |At|1|April|2022|12,855|29,484|42,339| |At 31|March|2023|12,855|29,484|42,339| |Depreciation| |At1|April 2022|11,833|28,238|40,071| |Charge|for|the|year|255|312|567| |At|34|March|2023|12,088|28,550|40,638| |Net|book|value| |At 31|March|2023|767|934|1,701| |At|31|March|2022|1,022|1,246|2,268|

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Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

13. Debtors

; 2023 2022
£ £
Due within one year
Trade debtors - 163
Prepayments and accrued income . 1,833
- 1,996
Creditors: Amounts falling due within one year
2023 2022
£ £
Other taxation and social security 1,994 1,684
Other creditors 706 520
Accrualsanddeferred income 3,600 1,380
_ 6,297 3,584

14. Creditors: Amounts falling due within one year

:

Page 17

Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

15. Statement of funds

Statement of funds - current year

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|||||||| |---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31|March| |April|2022|Income|Expenditure|2023| |£|£|£|£| |Unrestricted|funds| |General|Fund|210,897|396,320|(352,445)|254,772| |Restricted|funds|.| |Restricted|Funds|10,467|26,908|(37,375)|.| |-|Total|of funds|221,364|423,228|(389,820)|254,772|

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.

Restricted funds are held for the purposes of spending on children that attract additional funding. These funds are only utilised for these children.

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Minster Playgroup

Notes to the financial statements For the year ended 31 March 2023

15. Statement of funds (continued)

Statement of funds - prior year

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||||||| |---|---|---|---|---|---| |Balance|at| |Balance|at|31|March| |1|April|2024|Income|Expenditure|2022| |£|£|£|£| |Unrestricted|funds| |General|Fund|148,253|394,438|(331,794)|210,897| |Restricted|funds| |Restricted|Funds|9,327|8,166|(7,016)|10,467| |Total|of funds|157,580|402,594|(338,810)|221,364|

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|||||||||| |---|---|---|---|---|---|---|---|---| |16.|Analysis|of|net|assets|between|funds| |Analysis|of net|assets|between|funds|-|current|year|—| |.|Unrestricted|Total| |funds|funds| |2023—C«;|2023| |£|£| |Tangible|fixed|assets|.|4,701|1,701| |Current|assets|,|259,368|259,368| |Creditors|due|within|one|year|;|(6,297)|(6,297)| |Total|254,772|254,772| |Anaiysis|of net assets|between|funds-|prior year|.|

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||||||||| |---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |2022|2022|2022| |£|£|£| |Tangible|fixed|assets|-|2,268|2,268| |Current|assets|10,467|212,213|222,680| |Creditors|due|within|one|year|-|(3,584)|(3,584)| |Total|10,467|210,897|221,364|

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Minster Playgroup

Notes to the financial statements

For the year ended 31 March 2023

17. Operating lease commitments

At 31 March 2023 the Charity had commitments to make future minimum iease payments under noncancellable operating leases as follows:

2023 2022
£ £
Not laterthan 1 year 12,000 11,583
Later than 1 yearand not iaterthan 5 years 48,000 48,000
Laterthan 5years 17,000 29,000
77,000 88,583

18. Related party transactions

. The Charity has not entered into any reiated party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2023.

Page 20