Charily reg18tratlon numb8T, 1033570 Trentham Playgroup known as Trentham Pre-school Annual Report and Financial Stslements tor the Year Ended 31 July 2020
Trentham Playgroup known as Trentham Pre-SGh(iol Contents Refgrence aTh Administrative Details Ttustees. Report 2104 Indepèndent Examlnpr'$ Report ststémeht of Flnancial Actlwiies Balanc9 Sheet Notes lo the FinanGlal St4ements 8t020
Trentham Playgrou known as Trentham Pre-school Reference and Administrative Details T.rustees Mark Ingram. Vice Chair Lauren Sanders. Secrotary Karen Gavln, Ofstgd Nominated Person Senior ManagbTn•nt Team Lucy Gavin, Manager Vanessa Alcock, Deputy Manager .Prin¢lpAI Office 40 New Inn Lane Tr8nlham Stoke-on-Trgnt staffordshire ST4 8EK Charlty Registratlon Number 1033570 Ihdependent Examlner Daryl Den80n ACMA VAST The Dudson Centre Hope Street Stoke-on-Trgnt ST1 5DD P.age 1
Trentham Playgroup known as Trentham Pre-school Trustees. Report The trustees present Ihe annual" rekX)rt togelh8r wllh th8 Ilnancial statements of the Eharlly for the year ended 31 July 2020. Trustees Mark Ingram¥ Vica Chair lapppinled 14 Nov8mber 20191 Scott Grindey, Char {re9nd 20 July 20201 Lauien Sadler, Treasurer (resigned 29 Fgbrugry 20201 Laurgn Sander5, Secretary Kan Gawn, Of51ed Nomiréatèd Person Objectives and activities Object$ and kims To enhanc8 the developmant 2nd educallon of ¢hlldr8n undar stalutory school age, by enctturaging parents to understand and prtsvide for the needs of their children through community grotjps and to ensure that all children are gNen an opportunity to achieve thdr full poten81, In a safe and securg environment, whilst ensuring that we.ren)aln accessible trj all sections of the local community. ObJoc*lvas, stratggigs and aGfivitie$ We provide afford8ble childcore for our lo¢al commtsnity. We al80 have a high percentage of funded hildren, in particular 2 year funde(J. We also provlde 8 Stable, safe environment for vulnerable, undorprlvileged Bhlldren. where all children arg given opportunilles to leam and flourish. We cover the 7 areas of18aming Ihrough ay. Public beneflt Our pre-school is open lo all in our loral ¢Ornmunily between the age5 of 2 and 5 years old. Vve" advertise locally and work with the local authority to ensure th81 we are inclusive. We work wllhin the framework of the Early Years Foundation Stage IEYFS) and we believe that all rhlldren deserve th9 best possible start in life. Th8 Trustees confi mi that they have COMled with the requirements of serlion 4 of the Charities Act 2011 to have due re9ard to the public benefit guidaneg published by the Charity Commlssion for England and Wales. Achlovem8nl$ and porformance Through a vory difficult yèar, due to the COVID-19 pandomic, the preTrschool rÈmained accessible for vulnerablè children and children of kéyworkers. We continued to provlde a stable rich envlronment In which all children are allowed to reach their fvll potsn1Ial. The pro-sthool c(sntinued to offer fyndgd 2 year ol(J plaoes to th8 local co.mmunity, The pre4choDI was hil by the lirsl lud(down when only key worker children and vulnerable thlldren wwp able lo allend, this severely depleted our financial resetves. The trustees made the dlfficijlt decision to restructure staff and pre-schcK)I hours to et15ure wabilily dunno a very uncgrtain year.and beyond. Flnanclal revlow Thè results for the year are Setoul In the.Stalemenl of Financlal Act1118$. Pa9p 2
Trentharn Playgroup known as Trentham PrechOOl Trustees, Report Poliw on résenies Unre81ricted free re86Ne8 at Iho year gnd were E33,400 .(2019.' £37,127}. Tha charity continues to ho5d a modgst amount of reserves, to cover wages w51s, in the event of a reduction in income, and maintenance of the building for whth we are responsible. Principal funding $ources Our princip81 fundlng sources are 'Nursery Educ81ion Fundlng. whlch k funded by Slokwn-Trent Clty Coundl. fees Irom parenLs who are able lo afford a Trjntribuliun t)wards their child's ear learning education provision and em0yer childcare voucher schemes. Plans for future perlods Alms and key objectlves for ftrtuie perlods At at EGM in December 2020 it was decided by our membprs to"convert the charity lo a CIO.. This is lo encourage continuity of trustees and also ptect them Irom financlal Ilabllity. Stru¢tLrrg, gov•rnan¢è and managemenl Nature of govgrning do¢umDt The Charity TS operated under the ru18s of.its con8ti1ullon adopted Dn 16 June 1993 and 3monded In November 2012 and November 2015. Recruitment and apw"nfment of trustees Trustees are appo5nted ar our Annual G9n8ral Meetin) each year and ara voted on by parents who have thSldren attending th9 pre-school. Major rlsks and management tsf fhose 17sks Occupanry Level Our main Issue whlch w9 face are the numbgr of'Ghildr8n who reach the s181uak)ry age for starting prirnary school eduGalion, whh we lose from our register and this dra¢S{lY affects ocEupany leve18 during Ihe first term of the school year, particually In Septembet. We advertise locally and complete marketing exerclses such as laaflot drops within Ih?. surroundiro area. We also hold reseNes lo tak8 into account Ihp oovertng of expenses when our income rates are lower. partlcularly during the autumn term. Important non-adlu$tlng events aftèr the financlal pèrltxl The Covld-19 pandeminc has had a major impact on tha preffjthool. numbars dropped gvÈn before lockdown was annourtced and even though we did have s¢im8 k&yworf(eT children they did not take up their placos. This lead. lo us furlough all staff excluding the manager. When settings were eventual allowed lo open again On a small number.of children retumed. We did a forec8St for September and r8ali5ed that,wa could nol cary on with the number of stsff we had. Regrettably the Irusl&es took the difficult deusK)n to make some redundancles 3nd to offer lower hours posititsns to gSvg Ihe sgtting flexibility and the chance to recovèr. By the end of the year we had made 4 staff redundant, the r&malning staff wore given morg flexiblg contrac15 to enable us to ensure ¥VDrking hours better covered th8 needs cf the presrhcK)18nd cul our wages blll. The trustees feel that this bas placed us in better finAncial positi'on in uncertain tlmes. At the time of slgnSng the accounts thls has proved lo be correct. numbers'h3ve r188n 8teadlly and we are keeplng costs down. Page 3
Trentham Playgroup
known as Trentham Pre-School
Trustees' Report
The annual report was approved by the 1rustees- of the charity on 20 June 2021 and signed on its behalf by: & . ... �---············· cGKaren Gavin Trustee ...
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Trentham Playgroup
known as Trentham Pre-School
Independent Examiner's Report to the trustees of Trentham Playgroup
I report to the charity trustees on my examination of the aqcounts of the charity for the year ended 31 July 2020 which are set out on pages 6 to 20_
Respective responsibilities of-trustees and examiner
As the charity's trustees of Trentham Playgroup you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trentham Playgroup's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Trentham Playgroup as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I 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 accounts to be reached.
VAST
The Dudson Centre Hope Street Stoke-on-Trent ST1 5DD Date•�)G i��l
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TrgnthaTn Playgroup known as Trentham Pre-school 5tatemenl of Financial Actlvltles for the Year Ended 31 July 2020 Unrestrl¢ted nds Restrlcted funds Total 2020 Note Incorrie and Endowments from: Donallons andlgoades Charitabte acliviliOS other trading activilY&s Investment income 92.589. 2.251 18,531 182 35 182 35 Total Income 106,337 2,251 108.588 Expenditure on: Charitabla a¢livitioS 110,064 110.064 Total Expenditure Net movement in funds 110,064 13,7271 2,251 {1,4761 Reconciliation of fund¥ Total fvnds brought.fonMard Total funds carried fotward 37,127 171.938 209,065 174.189 Rpstrlcted fund¥ 207,589 Total 2019 Unrestricted Funds Note Income and Endowments from: Donations and legacies Chanlable a¢livitles Other trading activities Investsnent Inconle B1.113 23,072 1.474 274 61.387 23,072 1,474 Total Income 85.699 85,973 Expendlturg on; Raising funds Charitable activities 173) 1102.842} 1731 1102.842 Total Expgndilurg Net movement in fitnds 102,915 102,91 $1 117.216) 116,942) Rèconciliation of funds Total funds broughl.forward 54.343 171,664 226,007 2D9,065 Total funds carried forwaTd 18 37.127 171,938 All of the charity's activities derive from ¢ontinuing operallons dur.ing the above Iwo parlods. Tha notss on pag&8 8 to 20 fomi an inlggral part of thes8 financial statements.
Trentham Playgroup
known as Trentham Pre-School
(Registration number: 1033570) Balance Sheet as at 31 July 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | ||
| Fixed assets | |||
| Tangible assets | 12 | 171,664 | 171,664 |
| Current assets | |||
| Debtors | 13 | 4,300 | 2,067 |
| Cash at bank and in hand | 37,616 | 36,643 | |
| 41,916 | 38,710 | ||
| Creditors: Amounts falling due within one year | 14 | (5,991) | (1,309) |
| Net current assets | 35,925 | 37,401 | |
| Net assets | 207,589 | 209,065 | |
| Funds of the charity: | |||
| Restrictl:;!d income funds | |||
| Restricted funds | 174,189 | 171,938 | |
| Unrestricted income funds | |||
| Unrestricted funds | 33,400 | 37,127 | |
| Total funds | 16 | 207,589 | 209,065 |
The financial statements on pages 6 to 20 were approved by the trustees, and authorised for issue on 20 June 2021 and signed on their behalf by:
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..... . ... , ................... .
Karen Gavin
Trustee
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Trentham Playgroup known as Trentham preChool Notes to the Financial Statements for the Year Ended 31 July 2020 1 AGGounting policies ststem'gnt gf compllanrA The financial statements have beèn prepared in 3ccordance wlih Accounting alld Reportlng by charit.. St8tem&nl of Recommended Pracuce appllcabls lo Gharities preparing their aGGDunts in accordance with the Financia] Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effBrtive 1 January 20191- (Charities SORP IFRS 1021}, the Financial Reporung St8nd8rd applicable in the UK and Republic.of Ireland IFRS 102) 8nd th8 Ghariiles Acl 2011. Ba$ls of prgparatlon Trenlham PtayJroup meets the dellnillon of a public benefit entity under FRS 102. Asse15 and Ilabilities are initially rocognised at hislor5cal cost or Iransath'on value unless otheiSe stated in the rèlevant accounting policy notÈs. Exemptlon from preparlng a cash flow statsm'ont Thè charlly opted lo adopt Bull8tsn 1 published on 2 Fabruary 2016 and have thèrafore nol inclLtded a cash flDW 51atemenl in these financial staiements. Going. eoncern The financial ststements have been prepared on a golng conoem baslg. The trustees ass9S5 whether the use of going concerii is appropriate i.e. vthether there are ary material uncertainties related to events or conditions thal may cast significant doubl on the abllty of the charity lo continue as a going con¢em. The trtee8 make Ihl8 88S8ssmenl in resp8cI of a per of one year from the dale of approval of thg financial statements. Incom8 and gndowments Voluntary Ihcomo includlng donalionf, gifts, Ipgacies and grants that provide core nd1rng T)r are of a geneTal nature is recognised when the charity has enlillemenl to the Income. it. is probablg that the income will be ceIVed and the amount can be measured wlih SLrfficient rgliablllly. Grants recelvable Grants are recognised when the charlty has an enliuement to the funds and any cdn¢MDllS Ilnked to the grants have been met. Where performohce condllions 8r9 allached lo the gmnl and are yet lo be mel, the Income is ¢0nIsed as a Ilabillty and Included on tho balance sheèt as d&ferred income to be released. ExndItUre All expenditure is rèco9nised On there is a legal of Gonstructlve obllo8tlon to that ewendlture, it is probable settlement Is required and the amount can bo measured reliably. AJI costs are"allocated lo the applioable expendil(Jre heading that aggregate similar co6t5 to that category. Where costs G*nnot be directly allrlbutgd'to parbculaf headings they have been allocèted on a basis conslslent with 1he use of resources, with central staff costs allocatèd on the bas of tlme spent. and doprecAallon ch8rges allocated on the portlon of Ihe asser8 use. Other support costs are allocated based on the spread of staff costs. Page B
Trentharn Playgroup known as Trentham PrChOol. Notes to thé Financlal Statements for the Year Ended 31 July 2020 Raising funds Th88e are costs inGurred in attraGting voluntary income, the management of investments and those Incurrela in trading activities that raise funds. Charitable activlties Charitable expend1 comprlsgs Ihoso Incurre(t by th8 chartly In the dellvery of its activitie5 and services for Ils b8neficiarios. 11 includes both costs that can b8 allocated directly lo suth a¢livilies and those costs of an indirect nature ffece5sary. lo support them. Governance costs. These include the costs attsibutable lo the charitls MplianCe wlth constilutional and slalLrtory requirements, 5ncludlng audit. slral8gic management and trustees's meeting5 and r&imbursed axpenses. Government grants, Govemment grants ate recognlaed based on the accrual model and are measured at the falr valug of the asset m¢eived or recelvable. Grants are classified a6 rgtaling erfher ta revenue or to assets. Grants relating lo r&v9nue are recognised in incorne over the period in which thè related costs are recogni5ed. Grants relating to assèts arè recognised over the expected useful lrfe of the a886t. Where part of È grant relating to an a&1 is deferred,11 Is recognlgad as deferred Incom&. Taxatlon Thg Charity considered to pass tha losts set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and Iherefore if mee15 the definition ot a charitable company for UK COTpoizlion tax purposes. Accordinglyi the charity i8 potentially exempt fmm taxatton respect of income or ¢apltal gains recewed within categories covered by Ghapier 3 Part 11 of the Corporallon Tax A¢t 2010 or Section 256 of the Taxalion of ChaYJeable Gains Act 1992, to the pxtent that such income or gain3 are appli9d exdusively lo charitable purposes. Tangible fixèd assets Indiyidual fixed assets costlng £500 or more are InSllally rworded at cost, les5 any subsequent accumlated depreryalion and subsequent aUmUlated Impalrment losses. Dapr8clation and amort153tion D8preriation is provided on tangible fixed assets SJ as lo write off the cost or valualion,. less any eslirnaied residual value, over.their expected useful economSc life as follows: Asset"class Dopraclatlon rnathod and rat'g 0% the r8sSdual value is not rnal8riaity different from the carfyyng value of the asset 209A on a slraighl line basis Building8 Fixtures, Fittings Bnd Equipment Page g
Trentham Playgroup known as Trentham Pre-school Notes to the Financial Statements for the Year Ended 31.July 2020 Trade debtors Trade debtors ore amounts due from cy$toniers for m.erchandls8 sold ¢JY services pgrformÈd in the ordiftaty course of busln9S8. Trado debtors. are recognised initially at the transaction price. They are 5ub5equenlly measured.at amorbsed c05t Llsing tho effeclwe inlfyrosl rneihtjd, less promson for impairment. A provision for th impa*rment of trade debtors is established wheh there is objective evidence that the charity will not be able lo collect all amounts due accordlng to the orlginal temis of the recelvables. Cash and rAsh equlvalgnts Cash and eAsh equlvalents compflse cash on hand and call deposits, and olher.short-lerm highly liquKI inveslrnents thal are rgadily ¢onvertible lo a known amount of cash and aTe subject to an insignificant risk of change in value. Trade credltors are obllgations lo pay for gtsocls or sgtvlGos Ihal have.been acquired in the ordinary course of business from suppliers. Actounts payable are classifEd a$ Current liabilthes if Ihe doe5 not have an uncundition81 right, at the end of the reFX)rNng perSod. to dofer settlement of the credllor for at least iwelye months after the porting dale. If there Is an unconditional rvJht lo defe[ 59ttlement for at least elve months ofter the ieporbng date, they af9 presented as non-current lialxlities. are recognised inilialty at the transsction prfce and subsequenuy measuréd at amortlsed cost using the effective interest method. Flnanclal Instrumohts Classilicatic Financial a$sÈts and financlal liabilthes are reeognL8ed when the d)arKy becom8s .a party to th8 contractual provlslons of the Snstwment. Flnancial liabilities and equity instruments are ¢lassified according to the Sltbstance of the contractual arrangemenls onlered into. An equity instrument is any contract that evidences a residual Sntere81 In Ihe assets of the charity after (Seducting ali of Its Ilabllilies. Page 10
Trentham Playgroup nown as Tfentham prechool Notes to thg Financial Statements for the Year Ended 31 July 2020 Recognition measurement All flnanclal assets and Kabili1188 8r8 Inillalty measured at. trgnsaction price (including transaction costs). except for those firyancial assets classified as al fair value 'through p'rofit or loss, which are Inlually measured at fair value Iwhich is normally the transaction price excluding transactioh costs). unless the arrangement constitutes a financing Iransaclion. If an arrangement constf(uleg a finandng .Iran5aclion, the financial asset or Yinancial lisbilily is measured at the pT8¥ent value of the fvture payTnents digcounled at a market rale of inleresl for o slmSlar debt Instrument. Financial assets and Siabililies ato only offset in tha slalemenl of finanal positlDn when. and on whon thère axlsts a legally enfoTceable rvJht to set off thè reco9nised amoLEnts and the chority intends either to setue on a nel basis, or lo realise thtt asset and sellle the liability Slmultaneously. Financial assets are dererDgni8ed when and only when a> the contractual rights to the cash flows from the flnandal a&8&t Èxpiré or aré S&tUed, bl the charity transfers to anoth8r party substsnlially all of the risks and rewards of avm6rship of the financHI asset, or cl the tharity, despite havlng relalned some, fwt not all, %gnrficant risks and rewards of ownershlp. has Iransf&Fr8d control of the assgt to another party. Finanaal liabilzlies are derecognised only when the obligation specffied in the controctls dlscharged. cancelled or expire5. Fund stru¢tur& Unrestricted Income funds ara general funds that are available for USB 8t the Irusteesls dISction Sn furtherance of the objerlives of the charity. Restri¢ted income funds are Ihose donated for u$e In e particulaT are4 or for $pec4fic purp08es, thFA use of Which Ls restrioled to that ar8a or purp089. Penslons and other post retirgwnont oblrgations The charity operatey a defined contribution Pens scheme whith is a pension plan under fixed conlTibulions are paK4 into a pension fijnd and the Charity has no legal or con8lrucllve obligalion to pay further contribub"on8 even If the lund do&8 not hdd sufficient assets to pay. all employe85 the benefts relating lo empk)y8e 8eNic8 in th& currgnl and prior periads. ContrlbLtllons to defined contribution plans'are recogniséd in Ihg Statement of Flnancial A¢livllies when they are due. If conlribution payménts exceed thè conffibution due for 88NIc9, th8 &xegss sg recognised as 8 prepayment. Rgdundancy and Terryilnatlon Costs Redundanoy and termlnatlon costs are recogni5ed as an expense in the financial slat8menls immediately at the poirjt the charity is demonstrably committed lo ellher termirJ8t& the employment by the thaftiy befo ihe normal reliremenl date, or whenever the employ98 accepts voluntary redundancy in exchange for Ihese benefjls. The Gharity recognises termination benoftt5 in the statement of flnanclal aGtivitièS when It Is demonstrably Committed to either li) temiinating the employment of current emplDyees according to a detailéd formal plan without poss5bllty of withdraw81. or {ii) providing temiin8tion benefits as a result of an offer made to Èncourag9 voluntary r8dundanGy. Pago 11
Trentham Playgroup known as Trentham Pre-school Notes to the Financial Statemènts for the Year Ended 31 July 2020 2 In¢omo from donations and legacies Unrèsttlcted fvnds Gèn¢ral Rostrl¢tsd nds Total 2020 Total 2Q19 Grants. including capilal grants; Gov.ernmgnt 9rants Grdnls from othér charffjes Grants from companias 92,089 g2.089 61,113 1251 500 500 92,589 61,387 Unrèstrlcted funds General Restricted funds Total 2019 Grants, includin9 capiial"granls: GOVernnnI grants Grants from other charittes 61.113 61.113 274 274 274 61.387 3 Income from charftsblp gctlvlties Unrestricted funds General Total 2020 Fee$ re(xived 13,531 13,531 Unrestrlcted funds Goneral Total 2019 Fees recelved Milk daim 22,977 95 22,977 95. 23.Q72 23.072 Pay8 12
Trentham Playgroup known as Trentham Pre4chool Note.$ to the FinanGial Statements for th'e Year Ended 31 July 2020 4 Incomg from other trading acliviti•$ Unrgstrict•d funds Ganaral Totsl 2020 Fundraising 182 182 182 'Unrestrlcted funds Gan•ral Total 2019 'Fundr8ising 1,474 5 Investment inc¢m¢ Unrestricted funds Genoral Totsl -2019 Inleresl receivable and similarincome: Intèrest rocoivablè on b8nk dèposSls 40 40 40 Unrastrlcted funds General Total 2020 Interest receivable and similar incomo; Interest recewable an bank deposits 35 35 35 35 Pag8 13
Trentham Playgroup known as Trentham Prechool Notes to the Financial Ststernent8 for the Year Ehdad 31 July 2020 Expenditure on charitable activities Unrgstrlctsd fund6 G•h•ral Total 2020 Staff cc)s15 Play equipment.&. resources Cleanlng, repalr.s & malnlenace Rates Refreshments Ulillues Officè èxpenses Subscriptlons, leg81 & professlonal fees Insurance Sundr5es 97,593 2,246 2.107 823 165 3,925 97.593 2.248 2,107 823 165 3,925 1.669 1.669 1,465 24 24 110.064 110.064 UnrÉstricted funds General Total 2019 Sl8ff th)gls Play équipment & resources Purchase of unlforms Training Cleaning, repwrs & maintenaee Rates Refreshments Utilities Office pxpense.s Staff thri51rnas mgal Subscriptions, legal & profè881onal fres Insurance Depreciation charge 88.070 2.314 343 76 3,178 1.152 359 3,826 89 161 76 359 3,826 89 1,741 1,377 156 156 102.842 Page 14
Trgntham Playgroup knovm as Trentham Pre-school Notes to the Financial Statements for the Year Ended. 31 July 2020 Included in the expenditure analysed above, there are goveTnance costs of £750 12019= £630}. See note 7 fo'r further detail5. 7 Analysis of governanee and support costs Gov.ernanco Costs Unrestricted funds General Totol 2020 Independent examiner fees Examination of the financtal statements 750 750 750 750 Unrestri¢fed tunds General Total 2019 Indepttndenl examlnerfoes Exainination of the linancial ststements 630 630 630 630 Page 15
Trenlham Playgroup known as Trentham Pre-school Notes to the Financial Statements for the Year Ended 31 July 2020 8 .Govgrnmgnt grants The charity receives unre8trictlng funding in the fomi of grants .ffoni the Nursery Educallon Fund of £84,253 (201.9.. £61,1131 whlch is funded by Slok&-L)n-Trenl Cily Council as part of thgiT Free Nursery Educallon Funding SGheme, whi¢h provlde8 childcarg for two. three and four year old children wlhin the clty. During the year ended 31 July 2Q20 the charity reiVed £2,836 from the gov.elnment's Coronavirus Job Retention scheme.and £5.OOQ from Stoke-on-Trent Cty Coun¢ll. T.he amount of grants rerA)gni5ed in the financial slalements was £92,08912019 - £61,1131- There are no unfulfilled condf(ions at the year end telallng lo Ihis grant. 9 Trustees remunÈration and expenses No trustees have receiv any remun&ration from the charity during the year. No trustees have (eceiv any reimbursed expenses or any other benefits from the charfty durlng .Ihe year. 10 Staff costs T.he aggregate payToII costs were as lollows., 2020 2019 staff ¢ost$ during the year were,. Wages and salarres Social security costs Pension cx)sls 95,720 86,517 85 1,468 88.070 1.873 The monthly average number of persons lincludirTg senior nianagement tsarhl employejj by the th8rity during the year eXprEd as full tlme equival8nts was as follows.. 2020 No 2019 No Aver8oe number of persons employad 61.2019- 51 of tho above 8mploye95 participated in the Defined Cont"ribution Pension Sche'mès. During the year, the oh&ity made redundancy andjor temilnatlon'payments whith loialled £12,086 12019- £NII}. No empk)yee received emoluments'of more than £60.000 durfhg the yoa.r The. lolal employe& bonÈfits of the key management personnel .of the ohaylty wèr8. £36.380..1201'9 - t34,950). Page 16
Trentharn Playgroup known as Trentham Pte-school Notes to the Financial Statements for the Year Ended 31 July 2020 11 Taxation The charity is a Tegislered charty and18 Iherefore exempt from tsxatlon. 12 TangiblÈ fixed assets Land and bLtildings. Furnitur8 and uipment Total Cost Af 1 August.2019 171,664 3,386 175.050 At 31 July 2020 Depreclatlon At 1 August 2019 171 664 3,386 175.059 At 31 July 2020 Nfrt book value At 31 July 2020 At 31 July 2019 171,664 171,664 171,664 171,664 13 Dobtors 2020 2019 Prepayments Other debtors 4,200 966 4.300 2.06T 14 Creditors: amounts falllng due wlthln one yèar 2020 2019 T.r?de crèditors. Other laxalion and socSal secltrily Other ¢redltors Accruals 239 470 4,144 497 1,350 5.991 600 Page 17
Trenlham Playgroup known as Trentham Pre-school Notes to the Financial Ststements for the Year Ended 31 July 2020 15 Pension and other s¢h•m¢s DIned contribution pgn$ion sehèmè The chority operaies a deflned corilrlbullon pension schemg. Th& pénsion cost charge for Ihg year rèprosents conlflbuUon$ payable .by Ihe charify to th8. sch8rn8 and amounted to £1..873 12019 £1,468). 16 Funds Balance at 1 August 2019 In¢omlng resources Rgsourcg Éxpended Balance at 31 July 2020 Unrestricted fund$ Genernl General Fund 37.127 106,337 (110,0641 33,40D Restricted funds Capital Fund Ctrop Local Communlty Fund T.ofal restridgd funds 171,684 274 171,664 2,525 171,938 2.251 174.18Q Tolal tunds 209.065 108,588 110,064 207,589 Balance at 1 August 2018 Incomlng resources Resources expènded Balance at 31 July 2019 UnrestflGtsd funds General GeneTal Fund 85,699 1302,91 S} 37,127 Restricted Capital Fund Co-op Local Community Fund Total T.8Strlcted fun'ds 171,664 171.6fi4 274 274 274 171,938 Total fundg 226,007 102,915) 209,065 Page 18
Trentham Playgroup known as Trentham Pre4chool Notes to the Financial Statements for the Year Ènded 31 July 2020 The specific pO$e9 for which the ftfnds Are to be applied are as follows.. Capllal Fund Thè (2pila5 fijnd hdds the value of the charity¥ property. Co-op Local Cothmunity Fund To help fund the purchase and installation of an Int8raGtivE whlteboard and fixtures. This was unablg to be eomplotsd In lh8 year due lo COVED reslrtclions. 17 Analy$ls ol net a66et5 between funds Unr&strlotad funds General Total funds at 31 July 2020 Restricted funds Tangible fixed assets Current assets C-urrent liabllilles 171,684 2.525 171.664 41.916 5,991 39,391 5,991 Tokl net assets 33,400 174,189 207,589 Unre5tncted funds General Total funds at 31 July 2019 Restricted funds Tangible fixed assets Current assets Current liabililies 171,664 38,710 11,309) 209.065 38,436 1,309) 37.127 274 Total net assets 171.938 18 Rglatsd party transactions During the year the charity msde the followirrfJ rèlaled paty transactions: L Gavln (Daughier of trustee K Gavinl L Gavin is employed as the manager of the charity wlh the chadlls slandafil iarms of employment. Her total remuner81ion ft>r the year Ilncluding penglon conlributrons> was £20,26612Q19..£19,506}. AI the balance she8t date the amount due tolfrom L Gavin was £Nil <2019 - £Nill. Page 19
Trontham Playgroup known as Trentham Pre-SGhool Notes to the Financial Statements for the Year Ended 31 July 2020 19 Not)4djusting events after the financral perlod The Covi&19 pand8mlnc has had a major impact on the pr&-school. numbers dropped even before lockdown was annoUnd and even. though w6 did have some keyworker children they did not toke up 'Ihoir place8. This ad to us furbugh all staff excluding the manager. Wh9n settings wére eventually allowed to open again only a small number of children returned. We did a forecast for September and realised that we could rt carry on wrfh the number of s12ff we had. Regrèttably the Iwslees took the drffieuk decision to make Eorrie redundanThes and to offer kn lower hours tx)8itions io glve the settlng nexlblllty 8nd the chance to rever. By the end of the year we had made 4 staff redundant, the r8mainlng staff were glven more ftexibl8 contracts lo enable us to erjsure working hour5 better overed the needs of the preschool and cul our w8gES bill. The Iru5tees feel Ihal this has pla us In a better finanaal pJsition in uncertain times. At the Ilme of signlng the accounts Ihls has proved to be correGL numbers have rfsen sleadlly and we are keeplng costs down. Page 20