## **TATE HOUSE PLAYGROUP** 

## **Registered Charity Number: 1031390** 

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

**1** 



## **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 

**2** 



## **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|



**3** 



## **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 

**4** 



## **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|<br>16,410|-|16,410|14,745|
|Activities furthering charitable objects|4|<br>176,314|-|176,314|139,958|
|Support costs|5|<br>30,253|-|30,253|17,232|
|Management and administration|6|<br>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. 

**1** 



## **TATE HOUSE PLAYGROUP** 

## **BALANCE SHEET AS AT 31[st] MARCH 2025** 

|**Notes**<br>**Fixed Assets**<br>Tangible fixed assets<br>1e<br>**Current Assets**<br>Cash at bank and in hand<br>Cash held by EYNTH<br>2<br>**Liabilities: Amounts falling due**<br>**within one year**<br>Creditors<br>7<br>**TOTAL NET ASSETS**<br>**Represented by Funds**<br>Restricted Funds<br>9<br>Designated Funds<br>10<br>Unrestricted Funds<br>12<br>**Total Funds**|**2025 £**<br>-<br>109,369<br>67,101<br>176,470<br>-<br>**176,470**<br>-<br>80,000<br>96,470<br>**176,470**|**2024 £**<br>-<br>96,360<br>88,635<br>184,995<br>-<br>**184,995**<br>-<br>90,000<br>94,995<br>**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 

**2** 



## **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. 

**3** 



## **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**||||



**4** 



## **6. Resources Expended – Management and Administration** 

||**Unrestricted Funds**|<br>**Restricted Funds**|**Total 2025**|**Total 2024**|
|---|---|---|---|---|
||**£**|<br>**£**|**£**|**£**|
|Contribution – Playleader salary|16,410|<br>-|16,410|14,745|
|Independent examination|800|<br>-|800|750|
|Payroll administration|1,500|<br>-|1,500|1,500|
||**18,710**|<br>**-**|**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. 

**5**