2025-03-31-accounts - Tate House Playgroup

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TATE HOUSE PLAYGROUP

Registered Charity Number: 1031390

Financial Statements for the year ended 31[st] March 2025

TATE HOUSE PLAYGROUP

Legal and Administrative Structure

Management Committee

Chair: Amanda Edmead Committee: Brooke Celisse Elaine Jardine Jake McCormack Andrew Bassett

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 50 Burnside Street Carnoustie DD7 7HL

TATE HOUSE PLAYGROUP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] MARCH 2025

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 2025, 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 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

During 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 to enable a proper understanding of the accounts to be reached.

C Zielinski AIPFM 50 Burnside Street Carnoustie DD7 7HL

March 2026

TATE HOUSE PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[st] MARCH 2025

Incoming Resources	Notes	Unrestricted	Restricted	2025 Total	2024 Total
		Funds	Funds	Funds	Funds
		£	£	£	£
London Borough Tower Hamlets:
• 2–4-year-olds		224.662	-	224.662	217,546
Fundraising		-	-	-	180
Incentive payment		3,500		3,500
THOG donation		5,000		5,000
Total Incoming Resources		233,162	-	233,162	217,726
Resources Expended
Cost of generating funds	3	16,410	-	16,410	14,745
Activities furthering charitable objects	4	176,314	-	176,314	139,958
Support costs	5	30,253	-	30,253	17,232
Management and administration	6	18,710	-	18,710	16,995
Total Resources Expended		241,687	-	241,687	188,930
Net Resources for Year		(8,525)	-	(8,525)	28,796
Fund balances brought forward on
1st April 2024		184,995	-	184,995	156,199
Fund balances carried forward on
31st March 2025		176,470	-	176,470	184,995

The notes on pages 3 to 6 form part of these financial statements.

TATE HOUSE PLAYGROUP

BALANCE SHEET AS AT 31[st] MARCH 2025

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 TOTAL NET ASSETS Represented by Funds Restricted Funds 9 Designated Funds 10 Unrestricted Funds 12 Total Funds	2025 £ - 109,369 67,101 176,470 - 176,470 - 80,000 96,470 176,470	2024 £ - 96,360 88,635 184,995 - 184,995 - 90,000 94,995 184,995

The notes on pages 3 to 6 form part of these financial statements.

Approved by the Trustees and signed on their behalf by

____ Trustee

_______ Trustee

____ Date

TATE HOUSE PLAYGROUP

Notes to the accounts for the year ended 31[st] March 2025

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.

2. London Borough Tower Hamlets

Early Years Network Tower Hamlets 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

	2025 (£)	2024 (£)
Contribution – Playgroup salary	16,410	14,745

4. Resources Expended – Activities Furthering Charitable Objects

	Unrestricted Funds	Restricted Funds	Total 2025	Total 2024
	£	£	£	£
Salary and NI (note 2)	167,336	-	167,336	133,457
Equipment and materials	6,744	-	6,744	4,010
Milk and refreshments	789	-	789	696
Outings and parties	1,445	-	1,445	1,795
	176,314	-	176,314	139,958

5. Resources Expended – Support Costs

	Unrestricted Funds	Restricted Funds	Total 2025	Total 2024
	£	£	£	£
Telephone and internet	3,311	-	3,311	3,019
Stationery and consumables	2,684	-	2,684	3,001
Insurance and subscriptions	3,272	-	3,272	1,755
Cleaning and toiletries	441	-	441	341
Training	4,145	-	4,145	1,330
Ofsted	270	-	270	490
DBS	-	-	-	104
Storage	6,479	-	6,479	5,818
Water rates	1,782		1,782
Repairs	7,805	-	7,805	1,241
Miscellaneous
		-	30,253	17,232
	30,253

6. Resources Expended – Management and Administration

	Unrestricted Funds	Restricted Funds	Total 2025	Total 2024
	£	£	£	£
Contribution – Playleader salary	16,410	-	16,410	14,745
Independent examination	800	-	800	750
Payroll administration	1,500	-	1,500	1,500
	18,710	-	18,710	16,995

7. Creditors

There were no creditors.

8. Debtors and Prepayments

There were no significant prepayments.

9. Restricted Fund

There were no restricted funds.

10. Designated Funds

	2025 (£)	2024 (£)
Redundancy	55,000	55,000
Sickness and staff cover	15,000	20,000
Equipment	10,000	15,000
	80,000	90,000

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 5 months running costs in reserve, which are necessary to ensure the playgroup has adequate cash flow.