2023-03-31-accounts - Independent Mothers Playgroup

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

’ IMP S PRE-SCHOOL AGM 1[st] December 2023

MANAGER’S REPORT

Welcome everyone and thank you all for making time to attend our AGM. The purpose of this meeting is to inform you of how the group has progressed during the past year and to get input from the parent/carers. It is also a legal requirement as we are a registered charity and are required to submit our accounts to the Charity Commission.

Again, this year the group has run for the first half of the year at under occupancy, although our numbers increased significantly during the summer term. We feel that due to the major regeneration works been carried out around us we still need to re-establish ourselves within the local community as there are many new families moving into the new housing developments and will not be familiar with the local area. We are hoping that things will improve this term as the works have been completed during the summer break. Due to the financial constraints this September 2023 we were forced to increase our hourly fee from £6 per hour to £7 per hourAs most children that attend the setting are funded this will not affected the majority of the families on our register, we will continue to charge the £5 fee for all families.The weekly fee is used for the children’s snacks and any resources needed. We have a few children accessing their 30 hours funding if you feel that you may qualify for this then please speak to Yvonne. If you require any information relating to funding, please do not hesitate to contact the Manager.

This year thanks to the fundraising efforts of staff and parents we were again able to fund a children’s entertainer for our summer and Christmas parties and were able to organise and pay for transport to Paradise Park in the summer of 2023.

Staff have continued to attend relative online training courses to ensure they are up to date on all aspects of early years education so that they can fully support the development and learning of all the children attending our setting.

I would like take this opportunity to say a big thank you to all the staff, committee and parents for their continued commitment and support, as without such dedication we would be unable to achieve such a high standard of child care and to create learning environment that children feel happy and safe in and thrive in their learning.

TREASURERS REPORT 2022 – 2023

01.12.2023

We have had a small increase in our finances this year from £110,411 in 2022 to £119,688 in March 2023
The Group is still in receipt of the Nursery Education Funding for all children aged between 3 – 4 years old. This year a small number of children from working families have been able to access the 30 hours funding. Some working families are also accessing help with their fees through Universal credit. Most of our children are still funded through the 2yr old funding scheme.
Fund raising events raised a total of £13,392.00 which is significantly higher than the previous financial year.
Donations at the end of 31[st] March 2023 was £2995 again a small increase from the previous year.

	INDEPENDENT MOTHERS PLAYGROUP	INDEPENDENT MOTHERS PLAYGROUP	INDEPENDENT MOTHERS PLAYGROUP	Charity No (if any) 1029809	Charity No (if any) 1029809	CC17a
	Annualaccountsforthe period
	Period start date	01/04/2022	To	Period end date	31/03/2023

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income Donations S01 Activities for generating funds Fundraising S02 Investment income S03 Incoming resources from charitable activities PlaygroupFees S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities (see section c note 4) S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Gains and losses on investment assets Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds		Unrestricted funds Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04				Total last year £ F05
		-	-	-	-	-
		2,995	-	-	2,995	2,629
		13,392	-	-	13,392	8,695
		-	-	-	-	-
		103,301	-	-	103,301	99,087
		-	-	-	-	-
		119,688	-	-	119,688	110,411

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		138,279	-	-	138,279	172,831
		-	-	-	-	-
		-	-	-	-	-
		138,279	-	-	138,279	172,831
		18,591 -	-	-	18,591 -	62,420 -
		-	-	-	-	-
		18,591 -	-	-	18,591 -	62,420 -

		-	-	-	-	-
		-	-	-	-	-
		18,591 -	-	-	18,591 -	62,420 -
		111,535	-	-	111,535	173,955
		92,944	-	-	92,944	111,535

CC17a (Excel)

09/06/2023

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04
6,526	-	-	6,526
-	-	-	-
-	-	-	-
6,526	-	-	6,526

-	-	-	-
-	-	-	-
-	-	-	-
91,902	-	-	91,902
91,902	-	-	91,902

5,484	-	-	5,484

86,418	-	-	86,418

92,944	-	-	92,944

-	-	-	-
-	-	-	-

92,944	-	-	92,944

92,944			92,944
-			-
	-		-
		-	-

92,944	-	-	92,944
Signature		Print Name

CC17a (Excel)

09/06/2023

Total last year £ F05 8,528 - - 8,528 - - 105,344 105,344 2,337 103,007 111,535 - - 111,535 111,535 - - - 111,535 Date of approval 13/06/2023 13/06/2023

CC17a (Excel)

09/06/2023

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Give details in this box of any material changes that have been made.

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years .

Give details in this box of any material changes that have been made.

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._
	The value placed on these resources is the estimated value to the charity of the service or
	facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Donations	2,995	2,629
	-	-
	-	-
	-	-
	-	-
Total	2,995	2,629

Fundraising	13,392	8,695
	-	-
	-	-
	-	-
	-	-
Total	13,392	8,695

Funding
Grant
	-	-
	-	-
	-	-
Total	-	-

PlayGroupFees	101,802	99,087
Milk Returns	88	-
Childcare Costs	1,176	-
OutingFees	235	-
	-	-
Total	103,301	99,087

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
	-	-
	-	-
Total	-	-

	-	-
	-	-
Total	-	-

	-	-
Total	-	-

Staff Salaries and Employers NI	117,041	142,297
Care Packages	7,020	16,129
Travelling	1,044	1,019
Entertainer	495
Trips	205
Coach Hirefor Trips	1,335
DBS	61
Advertising	132	110
Cleaning	81	73
Refreshments	843	594
Nursery Consumables	901	1,051
Repairs andRenewables (inc.Cost of NewGarden)	547	694
Heat,Light,Powerandwater	1,628	2,492
Insurance	639	636
Printing, Office stationery/Postage	269	562
General Rates	492	125
Software	15	310
Telephone andBroadband	482	506
Professional Fees	500
Accountancy	1,559	1,249
PremisesExpenses	595	1,053
Miscellaneous		568
Depreciation	2,175	2,843
Consultancy/Training/Subscriptions	220	520
Total	138,279	172,831

	-	-
	-	-
Total	-	-

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter „None‟ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses Total amount paid

This year	Last year
None	None

£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

*appropriate box(es).*
Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £

	403	403

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs

Fundraising Charitable Activities Governance Other Total Gross wages, salaries and benefits in kind The parts of the charity in which the employees work 7.2 Average number of full-time equivalent employees in the year Employer’s National Insurance costs Pension costs Total staff costs	This year £	Last Year £
	110,774	131,131
	4,266	8,945
	2,001	2,221
	117,041	142,297

nt employees in the year	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	5	6
Governance	-	-
Other	-	-
Total	5	6

7.3 Defined contribution pension scheme Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

Peoples Pension automatic enrolement

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

----- Start of picture text -----
This year Last year
£ £
0
----- End of picture text -----

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Total value of grants

8.1 Total value of grants
Purpose for whichgrants made	Grants to institutions Total amount £	Grants to individuals Total amount £
	nil	nil
	-	-
	-	-
	-	-
	-	-
	-	-
*Total*	-	-

8.1 Grantmaking costs

If the charity‟s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.

Support costs of grantmaking

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

*institutions supported.*
Names of institutions	Purpose	Total amount of grantspaid £
		nil
		-
		-
		-
		-
		-
		-
		-
		-
		-
*Total grants to institutions*		-

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
-	-	-	51,173	-	51,173
-	-	-	173	-	173
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	51,346	-	51,346
-	-	-	42,645	-	42,645
-	-	-	2,175	-	2,175
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	44,820	-	44,820

-	-	-	8,528	-	8,528
-	-	-	6,526	-	6,526

9.4 Revaluation If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

Add/(deduct):net gain/(loss) on revaluation Carrying (market) value at beginning of year Carrying (market) value at end of year Add:additions to investments at cost Less:disposals at carrying value	£
	-
	-
	-
	-
	-

Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.

Analysis of investments Other investments Total Investment properties Securities not listed on a recognised Stock Exchange Cash held as part of the investment portfolio Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes Investments in subsidiary or connected undertakings and companies	10.2 Market value at year end £	10.3 Income from investments for the year £
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-

10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.

Investment held Market Value

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
		-
-	-	-	-
-	-	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
3,634	485		-
	-	-	-
1,447	1,449	-	-
403	403	-	-
5,484	2,337	-	-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

permanent endowment funds (PE);
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).

Type PE, EE Fund Name Purpose and Restrictions or R

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

Fund names	Fund balances brought forward £	Incoming resources £	Outgoing resources £	Transfers £	Gains and losses £	Fund balances carried forward £
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
Total Funds	-	-	-	-	-	-

13.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name) Reason Amount

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

Name of trustee or connected party	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value
		This year £	Last year £

14.2 Loans

Please give details of and amounts owing to or from the charity‟s trustees or other related parties by the charity at the year end.

Due to trustees and related parties Due from trustees and related parties	Name of trustee or connected party	Legal authority	Amount owing	Amount owing
			This year £	Last year £

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the trustee or relatedparty	Relationship to charity	Description of the transaction(s)	This year £	Last year £

CC17a (Excel)

09/06/2023

Section C Notes to the accounts (cont)

Note 15 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

No Additional Disclosures

CC17a (Excel)

09/06/2023

’ IMP S PRE-SCHOOL AGM 1[st] December 2023

MANAGER’S REPORT

TREASURERS REPORT 2022 – 2023

01.12.2023

We have had a small increase in our finances this year from £110,411 in 2022 to £119,688 in March 2023
The Group is still in receipt of the Nursery Education Funding for all children aged between 3 – 4 years old. This year a small number of children from working families have been able to access the 30 hours funding. Some working families are also accessing help with their fees through Universal credit. Most of our children are still funded through the 2yr old funding scheme.
Fund raising events raised a total of £13,392.00 which is significantly higher than the previous financial year.
Donations at the end of 31[st] March 2023 was £2995 again a small increase from the previous year.