2021-03-31-accounts

TATE HOUSE PLAYGROUP

Registered Charity Number: 1031390

Financial Statements for the year ended 31st March 2021

TATE HOUSE PLAYGROUP

Legal and Administrative Structure

Management Committee

Chair: Amanda Edmead Secretary: Samantha Shipton Treasurer: Jamie Smith Committee: Brooke Celisse Elaine Jardine

Registered Address

Tate House Playgroup Mace Street London E2 0RA

Bankers

HSBC Bank PLC 465 Bethnal Green Road Bethnal Green London E2 9QW

Independent Examiner

C Zielinski IPFM 125 Spital Aberdeen AB24 3HX

TATE HOUSE PLAYGROUP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 20 21

Contents	Page
Independent Examiner's Report	-
Statement of Financial Activities	1
Balance Sheet	2
Notes to the Accounts	3-5

INDEPENDENT EXAMINER'S REPORT

TATE HOUSE PLAYGROUP

I report on the accounts of the charity for the year ended 31[st] March 2021, which are set out on pages 3 to 5.

Respective Responsibilities of Trustees and Examiners

The charity's trustees consider than an audit is not required for this year -under section 144(2) of the Charities Act 2011 (the Act)- and that an independent examination is needed.

It is my responsibility to:

• Examine the accounts (under section 145 of the Act);

• To follow the procedures laid down in the General Directions given by the Charity Commission - under section 145(5)(b) of the Act, as amended- and

• To state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.

Independent Examiner's Statement

In the course of my examination, no matter has come to my attention:

• Which gives me reasonable cause to believe that in any material respect, the trustees have not met the requirements to ensure that:

• Proper accounting records are kept (in accordance with section 130 of the 2011 Act); and - Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

• To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

C Zielinski FCCA AIPFM 125 Spital Aberdeen Aberdeenshire AB24 3HX

April 2021

TATE HOUSE PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31st MARCH 2021

Incoming Resources	**Notes **	Unrestricted	Restricted	2021 Total	2019 Total
		Funds	Funds	Funds	Funds
		£	£	£	£
London Borough Tower Hamlets:
• 2-4 year olds		187,252	-	187,252	152,062
Fees		1,200	-	1,200
Bank interest		-		-	1
Total Incoming Resources		188,452	-	188,452	152,063
Resources Expended
Cost of generating funds	3	14,121	-	14,121	11,763
Activities furthering charitable objects	4	110,397	-	110,397	126,555
Support costs	5	8,669	-	8,669	14,140
Management and administration	6	14,871	-	14,871	12,512
Total Resources Expended		148,058	-	148,058	164,970
Net Resources for Year		40,394	-	40,394	(12,907)
Fund balances brought forward at 1st
April 2019		77,633	-	77,633	90,540
Fund balances carried forward at 31st
March 2020		118,027	-	118,027	77,633

The notes on pages 3 to 5 form part of these financial statements.

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TATE HOUSE PLAYGROUP

BALANCE SHEET AS AT 31st MARCH 2021

Notes Fixed Assets Tangible fixed assets 1e Current Assets Cash at bank and in hand Cash held by EYNTH 2 Liabilities: Amounts falling due within one year Creditors 7 Net current assets Total Net Assets Represented by Funds Restricted Funds 9 Designated Funds 10 Unrestricted Funds 12 Total Funds	2021 £ - 84,260 34,517 118,777 750 118,027 118,027 - 60,000 58,027 118,027	2020 £ - 85,947 (7,564) 78,383
		750 77,633 77,633
		- 50,000 27,633 77,633

The notes on pages 3 to 5 form part of these financial statements.

Approved by the Trustees and signed on their behalf by

____ Trustee

_______ Trustee

____ Date

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TATE HOUSE PLAYGROUP Notes to the accounts for the year ended 31st March 2021

1. Accounting Policies

A. Basis of Preparation

• I. The accounts have been prepared on an accruals basis and include income and expenditure as they are earned or incurred rather than as cash is received or paid.

• II. The recommendations of the statement of recommended practice (Accounting by Charities) have been followed in the preparation of these accounts.

B. Fund Accounting

• I. The charity's unrestricted fund consists of funds which the charity may use for its purposes at its discretion.

• II. The charity's restricted funds are these where the donor has imposed restrictions on the use of the funds which are legally binding.

C. Voluntary Income

• I. All voluntary income is included upon receipt.

• II. Grants receivable is credited to income immediately upon receipt.

D. Investment Income

• I. Credit is taken for interest when the interest falls due for payment.

E. Fixed Assets and Depreciation

• I. Capital items have been charged to the Statement of Financial Activities rather than to the balance sheet. No depreciation provision is considered necessary.

F. Taxation

• I. No provision has been made for taxation on the charity's income as it is assumed that it qualifies for the taxation exemptions available to charities.

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2. L ondon Borough Tower Hamlets

A grant from London Borough Tower Hamlets is paid directly to Early Years Network Tower Hamlets who administer playgroup salaries. The statement showing the salaries has been independently audited and I have accepted assurances as to its accuracy.

3. Resources Expended – Cost of Generating Funds

	2021 (£)	2020 (£)
Contribution – Playgroup salary	14,121	11,763

4. Resources Expended – Activities Furthering Charitable Objects

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
	£	£	£	£
Salary and NI (note 2)	109,677	-	109,677	115,401
Equipment and materials	611	-	611	7,646
Milk and refreshments	89	-	89	1,973
Outings and parties	20	-	20	1,535
	110,397	-	110,397	126,555

5. Resources Expended – Support Costs

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
	£	£	£	£
Rates, rent, water	-	-	-	1,643
Telephone and internet	2,896	-	2,896	2,842
Stationery, consumables	3,042	-	3,042	3,145
Insurance	1,178	-	1,178	1,178
Cleaning and toiletries	3	-	3	1,012
Repairs	-	-	-	1,242
Education and training	1,550	-	1,550	315
Ofsted	-	-	-	540
DBS	-	-	-	302
Storage	-	-	-	1,871
Miscellaneous	-	-	-	50
	8,669	-	8,669	14,140

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6. Resources Expended – Management and Administration

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
	£	£	£	£
Contribution – Playleader salary	14,121	-	14,121	11,762
Independent examination	750	-	750	750
	14,871	-	14,871	12,512
Creditors
	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
	£	£	£	£
Independent examination	750	-	750	750
	750	-	750	1,858

7. Creditors

8. Debtors and Prepayments

There were no significant prepayments.

9. Restricted Fund

There are no restricted funds.

10. Designated Funds

	2021 (£)	2020 (£)
Redundancy	45,000	40,000
Sickness and staff cover	10,000	8,000
Equipment	5,000	2,000
	60,000	50,000

11. Remuneration of Trustees

The trustees received no remuneration in the year.

12. Reserves Policy

The trustees have designated funds in case of closure (redundancy) and provisions for sickness cover and replacement equipment.

After the restricted and designated funds, the charity has approximately 4 months running costs in reserve, which are necessary to ensure the playgroup has adequate cash flow.

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