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2023-08-31-accounts

Registered charity number 1032286

Soham Playgroup

Report and Accounts

31 August 2023

Soham Playgroup Report and accounts Contents

Page
Trustees' report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the profit and loss account 5
Notes to the balance sheet 6

Soham Playgroup Registered number: 1032286 Trustees' Report

The trustees present their report and accounts for the year ended 31 August 2023.

Principal activities

The charity's principal activity during the year continued to be that of the provision of early years childcare and the application of the early years foundation stage framework

Trustees'

The following persons served as trustees during the year:

L Sarll Chairperson Chairperson
S Miller Secretary Resigned - 20 October 2022
L Correa Resigned - 20 October 2022
K Fahey Resigned - 20 October 2022
C Lee
M Irvine
D Kirk
T Fretwell Resigned - 20 October 2022
A Clark
A Clements Appointed - 20 October 2022
H Clark Appointed - 20 October 2022
L Negus Appointed - 20 October 2022
C Negus Secretary Appointed - 20 October 2022
E Holmes Appointed - 20 October 2022
J Garrod Appointed - 20 October 2022

This report was approved by the trustees on 22 November 2023 and signed by its order.

L Sarll Chairperson Secretary

1

Soham Playgroup Accountants' Report

Accountants' report to the trustees of Soham Playgroup

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Johnson & Co Accountants Ltd

30a High Street Soham Ely Cambs CB7 5HE

22 November 2023

2

Soham Playgroup Schedule to the profit and loss account for the year ended 31 August 2023

for the information of the trustees only

Sales
Cost of sales
Gross profit
Premises costs
Administrative expenses
Operating profit/(loss)
Interest receivable
Profit/(loss) for the financial year
2023
£
132,185
(104,287)
27,898
(13,503)
(7,529)
6,866
7
6,873
2022
£
105,105
(94,799)
10,306
(12,239)
(6,078)
(8,011)
-
(8,011)

3

1032286

Soham Playgroup Registered Charity number: Balance Sheet as at 31 August 2023

Notes
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
3
Cash at bank and in hand
Net current assets
Net assets
Trustees reserves
Trustees' funds
248
47
50,028
50,323
2023
£
11,812
50,323
62,135
62,135
62,135
248
(1,248)
48,699
47,699
2022
£
7,563
47,699
55,262
55,262
55,262

L Negus Trustee Approved by the trustees on 22 November 2023

4

Soham Playgroup Detailed profit and loss account for the year ended 31 August 2023

This schedule does not form part of the statutory accounts

Sales
Cambridgeshire County Council
Fees received
Registration fess
Grant income
Fundraising
Donations
Training and Clothing
Administrative expenses
Employee costs:
Staff wages
PAYE & NI
Pension
Staff training and welfare
DBS checks
Equipment and activities
Premises costs:
Rent of permanent settings
Portacabin costs
Sensory room
General administrative expenses:
Telephone and fax
Stationery, IT and postage
Toys and equipment
Fundraising costs
Subscriptions
Bank charges
Committee Costs
Gifts
Insurance
Depreciation
2023
£
91,998
32,686
5,504
-
726
1,271
-
132,185
97,290
3,623
2,503
871
-
-
104,287
11,400
2,032
71
13,503
60
1,184
1,077
61
255
88
100
75
692
3,937
7,529
125,319
2022
£
69,278
27,821
5,979
-
665
1,362
-
105,105
85,448
2,863
1,422
768
52
4,246
94,799
11,400
839
-
12,239
179
1,927
176
42
358
88
-
115
672
2,521
6,078
113,116

5

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Tenants improvements 5 years straight line Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Tangible fixed assets

Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Land and
buildings
£
21,409
8,186
29,595
13,846
3,937
17,783
11,812
7,563

7

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

3
Debtors
Trade debtors
2023
£
47
2022
£
(1,248)

4 Other information

Soham Playgroup is registered with the Charities Commission, the address for correspondence is:

3 Ennion Close Soham Ely Cambs CB7 5GU

8

Registered charity number 1032286

Soham Playgroup

Report and Accounts

31 August 2023

Soham Playgroup Report and accounts Contents

Page
Trustees' report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the profit and loss account 5
Notes to the balance sheet 6

Soham Playgroup Registered number: 1032286 Trustees' Report

The trustees present their report and accounts for the year ended 31 August 2023.

Principal activities

The charity's principal activity during the year continued to be that of the provision of early years childcare and the application of the early years foundation stage framework

Trustees'

The following persons served as trustees during the year:

L Sarll Chairperson Chairperson
S Miller Secretary Resigned - 20 October 2022
L Correa Resigned - 20 October 2022
K Fahey Resigned - 20 October 2022
C Lee
M Irvine
D Kirk
T Fretwell Resigned - 20 October 2022
A Clark
A Clements Appointed - 20 October 2022
H Clark Appointed - 20 October 2022
L Negus Appointed - 20 October 2022
C Negus Secretary Appointed - 20 October 2022
E Holmes Appointed - 20 October 2022
J Garrod Appointed - 20 October 2022

This report was approved by the trustees on 22 November 2023 and signed by its order.

L Sarll Chairperson Secretary

1

Soham Playgroup Accountants' Report

Accountants' report to the trustees of Soham Playgroup

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Johnson & Co Accountants Ltd

30a High Street Soham Ely Cambs CB7 5HE

22 November 2023

2

Soham Playgroup Schedule to the profit and loss account for the year ended 31 August 2023

for the information of the trustees only

Sales
Cost of sales
Gross profit
Premises costs
Administrative expenses
Operating profit/(loss)
Interest receivable
Profit/(loss) for the financial year
2023
£
132,185
(104,287)
27,898
(13,503)
(7,529)
6,866
7
6,873
2022
£
105,105
(94,799)
10,306
(12,239)
(6,078)
(8,011)
-
(8,011)

3

1032286

Soham Playgroup Registered Charity number: Balance Sheet as at 31 August 2023

Notes
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
3
Cash at bank and in hand
Net current assets
Net assets
Trustees reserves
Trustees' funds
248
47
50,028
50,323
2023
£
11,812
50,323
62,135
62,135
62,135
248
(1,248)
48,699
47,699
2022
£
7,563
47,699
55,262
55,262
55,262

L Negus Trustee Approved by the trustees on 22 November 2023

4

Soham Playgroup Detailed profit and loss account for the year ended 31 August 2023

This schedule does not form part of the statutory accounts

Sales
Cambridgeshire County Council
Fees received
Registration fess
Grant income
Fundraising
Donations
Training and Clothing
Administrative expenses
Employee costs:
Staff wages
PAYE & NI
Pension
Staff training and welfare
DBS checks
Equipment and activities
Premises costs:
Rent of permanent settings
Portacabin costs
Sensory room
General administrative expenses:
Telephone and fax
Stationery, IT and postage
Toys and equipment
Fundraising costs
Subscriptions
Bank charges
Committee Costs
Gifts
Insurance
Depreciation
2023
£
91,998
32,686
5,504
-
726
1,271
-
132,185
97,290
3,623
2,503
871
-
-
104,287
11,400
2,032
71
13,503
60
1,184
1,077
61
255
88
100
75
692
3,937
7,529
125,319
2022
£
69,278
27,821
5,979
-
665
1,362
-
105,105
85,448
2,863
1,422
768
52
4,246
94,799
11,400
839
-
12,239
179
1,927
176
42
358
88
-
115
672
2,521
6,078
113,116

5

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Tenants improvements 5 years straight line Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Tangible fixed assets

Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Land and
buildings
£
21,409
8,186
29,595
13,846
3,937
17,783
11,812
7,563

7

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

3
Debtors
Trade debtors
2023
£
47
2022
£
(1,248)

4 Other information

Soham Playgroup is registered with the Charities Commission, the address for correspondence is:

3 Ennion Close Soham Ely Cambs CB7 5GU

8

Registered charity number 1032286

Soham Playgroup

Report and Accounts

31 August 2023

Soham Playgroup Report and accounts Contents

Page
Trustees' report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the profit and loss account 5
Notes to the balance sheet 6

Soham Playgroup Registered number: 1032286 Trustees' Report

The trustees present their report and accounts for the year ended 31 August 2023.

Principal activities

The charity's principal activity during the year continued to be that of the provision of early years childcare and the application of the early years foundation stage framework

Trustees'

The following persons served as trustees during the year:

L Sarll Chairperson Chairperson
S Miller Secretary Resigned - 20 October 2022
L Correa Resigned - 20 October 2022
K Fahey Resigned - 20 October 2022
C Lee
M Irvine
D Kirk
T Fretwell Resigned - 20 October 2022
A Clark
A Clements Appointed - 20 October 2022
H Clark Appointed - 20 October 2022
L Negus Appointed - 20 October 2022
C Negus Secretary Appointed - 20 October 2022
E Holmes Appointed - 20 October 2022
J Garrod Appointed - 20 October 2022

This report was approved by the trustees on 22 November 2023 and signed by its order.

L Sarll Chairperson Secretary

1

Soham Playgroup Accountants' Report

Accountants' report to the trustees of Soham Playgroup

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Johnson & Co Accountants Ltd

30a High Street Soham Ely Cambs CB7 5HE

22 November 2023

2

Soham Playgroup Schedule to the profit and loss account for the year ended 31 August 2023

for the information of the trustees only

Sales
Cost of sales
Gross profit
Premises costs
Administrative expenses
Operating profit/(loss)
Interest receivable
Profit/(loss) for the financial year
2023
£
132,185
(104,287)
27,898
(13,503)
(7,529)
6,866
7
6,873
2022
£
105,105
(94,799)
10,306
(12,239)
(6,078)
(8,011)
-
(8,011)

3

1032286

Soham Playgroup Registered Charity number: Balance Sheet as at 31 August 2023

Notes
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
3
Cash at bank and in hand
Net current assets
Net assets
Trustees reserves
Trustees' funds
248
47
50,028
50,323
2023
£
11,812
50,323
62,135
62,135
62,135
248
(1,248)
48,699
47,699
2022
£
7,563
47,699
55,262
55,262
55,262

L Negus Trustee Approved by the trustees on 22 November 2023

4

Soham Playgroup Detailed profit and loss account for the year ended 31 August 2023

This schedule does not form part of the statutory accounts

Sales
Cambridgeshire County Council
Fees received
Registration fess
Grant income
Fundraising
Donations
Training and Clothing
Administrative expenses
Employee costs:
Staff wages
PAYE & NI
Pension
Staff training and welfare
DBS checks
Equipment and activities
Premises costs:
Rent of permanent settings
Portacabin costs
Sensory room
General administrative expenses:
Telephone and fax
Stationery, IT and postage
Toys and equipment
Fundraising costs
Subscriptions
Bank charges
Committee Costs
Gifts
Insurance
Depreciation
2023
£
91,998
32,686
5,504
-
726
1,271
-
132,185
97,290
3,623
2,503
871
-
-
104,287
11,400
2,032
71
13,503
60
1,184
1,077
61
255
88
100
75
692
3,937
7,529
125,319
2022
£
69,278
27,821
5,979
-
665
1,362
-
105,105
85,448
2,863
1,422
768
52
4,246
94,799
11,400
839
-
12,239
179
1,927
176
42
358
88
-
115
672
2,521
6,078
113,116

5

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Tenants improvements 5 years straight line Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Tangible fixed assets

Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
Land and
buildings
£
21,409
8,186
29,595
13,846
3,937
17,783
11,812
7,563

7

Soham Playgroup Notes to the balance sheet for the year ended 31 August 2023

3
Debtors
Trade debtors
2023
£
47
2022
£
(1,248)

4 Other information

Soham Playgroup is registered with the Charities Commission, the address for correspondence is:

3 Ennion Close Soham Ely Cambs CB7 5GU

8