Marvels Lane Community Playgroup
Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2023
KatherineTully & Co Chartered Certified Accountants Belle Ombre Burgage Moyle Blessington Wicklow W91 TK53 Ireland
Charity Number: 1030407
Marvels Lane Community Playgroup CONTENTS
| Page | |
|---|---|
| Trustees' and Other Information | 3 |
| Trustees' Report | 4 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Accounting Policies | 9 |
| Notes to the Financial Statements | 10 - 11 |
| Supplementary Information relating to the Financial Statements | 13 |
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Marvels Lane Community Playgroup TRUSTEES' AND OTHER INFORMATION
Trustees
Charity Number in England and Wales
Principal Address
Independent Examiner
Principal Bankers
Mr Scott Hayward Mrs Theresa Gilkes
1030407
1 Lions Close Mottingham London SE9 4HG United Kingdom
KatherineTully & Co Chartered Certified Accountants Belle Ombre Burgage Moyle Blessington Wicklow W91 TK53 Ireland
Santander PO Box 382 21 Prescot Street London E1 8AD United Kingdom
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Marvels Lane Community Playgroup TRUSTEES' REPORT
for the financial year ended 31 March 2023
The trustees present their Trustees' Report and the unaudited financial statements for the financial year ended 31 March 2023.
The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.
In this report the trustees of Marvels Lane Community Playgroup present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023.
The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice for Smaller Entities (the FRSSE) (effective 1 January 2015), the organisation has implemented its recommendations where relevant in these financial statements.
Mission, Objectives and Strategy
Mission Statement
The charity's mission is to enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
Financial Review
The results for the financial year are set out on page 7 and additional notes are provided showing income and expenditure in greater detail.
Results and Dividends
At the end of the financial year the charity has assets of £23,339 (2022 - £16,347) and liabilities of £2,000 (2022 - £1,000). The net assets of the charity have increased by £5,992.
In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election. The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Marvels Lane Community Playgroup subscribes to and is compliant with the following:
Approved by the Board of Trustees on 16 July 2024 and signed on its behalf by:
________Mr Scott Hayward Trustee
________Mrs Theresa Gilkes Trustee
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Marvels Lane Community Playgroup STATEMENT OF TRUSTEES' RESPONSIBILITIES
for the financial year ended 31 March 2023
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act 2011.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
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. 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 the Board of Trustees on 16 July 2024 and signed on its behalf by:
_____Mr Scott Hayward _____Mrs Theresa Gilkes Trustee Trustee
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Marvels Lane Community Playgroup INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF MARVELS LANE COMMUNITY PLAYGROUP
We have examined the financial statements of the charity for the financial year ended 31 March 2023, which comprise the Statement of Financial Activities, the Balance Sheet, the Accounting Policies and the related notes.
This report is made solely to the charity's members, as a body, in accordance with section 145 of the Charities Act 2011. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required.
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It is our responsibility to:
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examine the financial statements under section 145 of the Act;
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follow the procedures laid down by the general Directions given by the Charity Commission under section 145(5) of the Charities Act 2011; and
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state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act 2011
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the financial statements do not accord with those accounting records
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the financial statements do not comply with the accounting requirements of the Charities Act
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there is further information needed for a proper understanding of the accounts to be reached.
We 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 financial statements to be reached.
__________Katherine Tully KATHERINETULLY & CO Chartered Certified Accountants Belle Ombre Burgage Moyle Blessington Wicklow W91 TK53 Ireland
Date: 16 July 2024
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Marvels Lane Community Playgroup STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 March 2023
| Unrestricted | Total | Unrestricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2023 | 2023 | 2022 | 2022 | ||
| Notes | £ | £ | £ | £ | |
| Incoming Resources | |||||
| Charitable activities | |||||
| Grants income | 2.1 | 82,599 | 82,599 | 67,448 | 67,448 |
| Other income | 2.2 | 5,320 | 5,320 | 11,124 | 11,124 |
| ─────── | ─────── | ─────── | ─────── | ||
| Total incoming resources | 87,919 | 87,919 | 78,572 | 78,572 | |
| ─────── | ─────── | ─────── | ─────── | ||
| Resources Expended | |||||
| Charitable activities | 3.1 | 81,927 | 81,927 | 66,613 | 66,613 |
| ─────── | ─────── | ─────── | ─────── | ||
| Net incoming/outgoing resources before transfers | 5,992 | 5,992 | 11,959 | 11,959 | |
| Gross transfers between funds | - | - | - | - | |
| ─────── | ─────── | ─────── | ─────── | ||
| Net movement in funds for the financial year | 5,992 | 5,992 | 11,959 | 11,959 | |
| Reconciliation of funds: | |||||
| Total funds beginning of the year | 15,347 | 15,347 | 3,388 | 3,388 | |
| ─────── | ─────── | ─────── | ─────── | ||
| Total funds at the end of the year | 21,339 | 21,339 | 15,347 | 15,347 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 10 to 11 form part of the financial statements
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Marvels Lane Community Playgroup BALANCE SHEET
as at 31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Current Assets | |||
| Cash at bank and in hand | 23,339 | 16,347 | |
| ─────── | ─────── | ||
| Creditors: Amounts falling due within one year | 6 | (2,000) | (1,000) |
| ─────── | ─────── | ||
| Net Current Assets | 21,339 | 15,347 | |
| ─────── | ─────── | ||
| Total Assets less Current Liabilities | 21,339 | 15,347 | |
| ═══════ | ═══════ | ||
| Funds | |||
| General fund (unrestricted) | 21,339 | 15,347 | |
| ─────── | ─────── | ||
| Total funds | 21,339 | 15,347 | |
| ═══════ | ═══════ |
Approved by the Board of Trustees and authorised for issue on 16 July 2024 and signed on its behalf by
________Mr Scott Hayward Trustee
________Mrs Theresa Gilkes Trustee
The notes on pages 10 to 11 form part of the financial statements
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Marvels Lane Community Playgroup ACCOUNTING POLICIES
for the financial year ended 31 March 2023
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015)", and "The Financial Reporting Standard for Smaller Entities (effective January 2015)".
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
Unrestricted designated funds
Unrestricted funds consist of General funds. They represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
Incoming Resources
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
Resources Expended
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
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Marvels Lane Community Playgroup NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023
1. GENERAL INFORMATION
Marvels Lane Community Playgroup is a charity incorporated in the United Kingdom. The registered office of the company is 1 Lions Close, Mottingham, London, SE9 4HG, United Kingdom which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.
| 2. | INCOME | |||||
|---|---|---|---|---|---|---|
| 2.1 | CHARITABLE ACTIVITIES | Unrestricted | Restricted | 2023 | 2022 | |
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Grants from governments and other | co-funders: | |||||
| Grant income | 82,599 | - | 82,599 | 67,448 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 2.2 | OTHER INCOME | Unrestricted | Restricted | 2023 | 2022 | |
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Parents payments | 5,320 | - | 5,320 | 11,124 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 3. | EXPENDITURE | |||||
| 3.1 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2023 | 2022 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Expenditure on charitable activites | 65,880 | - | 15,047 | 80,927 | 65,613 | |
| Governance Costs (Note 3.2) | - | - | 1,000 | 1,000 | 1,000 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| 65,880 | - | 16,047 | 81,927 | 66,613 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 3.2 | GOVERNANCE COSTS | Direct | Other | Support | 2023 | 2022 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Accountancy Fees | - | - | 1,000 | 1,000 | 1,000 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 3.3 | SUPPORT COSTS | **Charitable ** | Governance | 2023 | 2022 | |
| Activities | Costs | |||||
| £ | £ | £ | £ | |||
| Rent & rates | 2,679 | - | 2,679 | 2,150 | ||
| Legal & Professional | 3,207 | 1,000 | 4,207 | 2,518 | ||
| General Office | 660 | - | 660 | 700 | ||
| Food & Educational supplies | 8,501 | - | 8,501 | 7,793 | ||
| Accountancy Fees | - | - | - | 1,000 | ||
| ─────── | ─────── | ─────── | ─────── | |||
| 15,047 | 1,000 | 16,047 | 14,161 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 4. | ANALYSIS OF SUPPORT COSTS | |||||
| Basis of | 2023 | 2022 | ||||
| Apportionment | £ | £ | ||||
| Rent & rates | Staff Time | 2,679 | 2,150 | |||
| Legal & Professional | Usage | 4,207 | 2,518 | |||
| General Office | Staff Time | 660 | 700 | |||
| Food & Educational supplies | Unrestricted Activity | 8,501 | 7,793 | |||
| Accountancy Fees | Usage | - | 1,000 | |||
| ─────── | ─────── | |||||
| 16,047 | 14,161 | |||||
| ═══════ | ═══════ |
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continued
Marvels Lane Community Playgroup NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2023
5. EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed (including executive trustees) during the financial year was as follows:
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| Employees | 4 | 4 | |
| ═══════ | ═══════ | ||
| The staff costs comprise: | 2023 | 2022 | |
| £ | £ | ||
| Wages and salaries | 62,164 | 49,559 | |
| Pension costs | 3,716 | 2,893 | |
| ─────── | ─────── | ||
| 65,880 | 52,452 | ||
| ═══════ | ═══════ | ||
| 6. | CREDITORS | 2023 | 2022 |
| Amounts falling due within one year | £ | £ | |
| Other creditors | 1,000 | - | |
| Accruals and deferred income | 1,000 | 1,000 | |
| ─────── | ─────── | ||
| 2,000 | 1,000 | ||
| ═══════ | ═══════ | ||
| The amount in Accruals relates to the Accountancy fees. | |||
| 7. | RESERVES | ||
| 2023 | 2022 | ||
| £ | £ | ||
| At the beginning of the year | 15,347 | 3,388 | |
| Surplus for the financial year | 5,992 | 11,959 | |
| ─────── | ─────── | ||
| At the end of the year | 21,339 | 15,347 | |
| ═══════ | ═══════ |
8. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
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MARVELS LANE COMMUNITY PLAYGROUP
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
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Marvels Lane Community Playgroup SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement
for the financial year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Lewisham Council Grant | 82,599 | 67,448 |
| Parents payments | 5,320 | 11,124 |
| ─────── | ─────── | |
| 87,919 | 78,572 | |
| ─────── | ─────── | |
| Expenses | ||
| Wages and salaries | 62,164 | 49,559 |
| Staff defined contribution pension costs | 3,716 | 2,893 |
| Rent payable | 2,679 | 2,150 |
| Telephone | 660 | 700 |
| Legal and professional | 697 | - |
| Payroll Agency Fees | 2,510 | 2,518 |
| Accountancy | 1,000 | 1,000 |
| Food and educational supplies | 8,501 | 7,793 |
| ─────── | ─────── | |
| 81,927 | 66,613 | |
| ─────── | ─────── | |
| Net surplus | 5,992 | 11,959 |
| ═══════ | ═══════ |
The supplementary information does not form part of the financial statements
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