Charfty NIm)r 1036670 and Pa 31 2022 21 Incom• Funding FundiavJing Grants & Oonatkns Bank Interest other Income 27236 63269 553 734 74982 1101 70 875 857 92658 Exp•ndltur• Rent Salartos staff Cost8 and Traints Fundraisl'ng Expense• Renewal Expenses Insurance PPA Memtwshlsub Toys and Equipment Telephone and TreaBur•r EXn8•S Admln18trnti Advertising Accountancy Breakla8t SupplYaB Pgty eash erro 6675 69478 764 1293 958 1556 11118 314 1355 110 720 1293 12126 110 758 1477 (84) 97092 Surplu(DI) for th8 Y 11800 144381
NORTH hlUSKHAM PLAYGROUP Charlty Number 1036670 l•nc• Sh at31 2021 C4•h at Bank Oeposil Account Current Aco)unt Cash in Hand 35501 27 110 35495 14073 Nel Assets 61248 R•pM•ntsd By." Aowmulated Fund Balance as at 1 Sgptembor Surplusl{Dgficil) for the Year 4W8 11600 54084 Bal•nce at 31 Augu81 81248 CATHERINE PRICE TTe8surer
PIORTH MUSKHAII PLAYGROUP CHARrrY NUM8ER 1036670 INDEPENDENT EXAIUNER% REpoKf TO ThE TRu¥fEES We report on the &counts ofthe North Muskham PlaygfDUP tsthe yearded 31 AugLt 2022 comprising the Recapts and Payments A£count and Balance Sheet The Receipts and Paymènts kuunt does not irKlude 8nk>Jnts due at the Balgnce Sheet date. In particular salanes paid in Septemter relating to Augu8t are not rolYect8d In the )unts. This 18 consistent wlh the previou6 yearf8 Konts. RESPECTIVE RESPONSIBLITE8 OF TrU8TEES AND EXAMINER The chanty'5 tru8tees we responsible fc¢ the preparatKJn of the w)xurrts. Th8 chaty,$ tru81898 COnd9[ Ihal 8n audrt not requirthJ this yw undor 43(2) of the Choriti"e8 Attl It is my reSponbIl b.. Examing the ac¢ounts undèr wcllon 43 of Ihe 1993 Ad To follow tho prr£edures laid down in the General DireLton8 glvwj by the Charity Comm1861on (under 8ecbon 43171 af the 1993 and To slate whether partuL¥ ftrs have rm trj attenl A818 OF WDEPENDENT EXAlmlER'8 REPORT Our oxwnlnation wa8 cathed out in xgThl8nc• with the G8ner41 gen by the Charity Commlss#)n. An exarr4n8tion Includ08 a rv41tr of the Kc4Jntiry telxrds kept by th8 charlty a omparison of the xounts wth those rerds. It indudes ¢)Jnsthr8tson of any unusual Items or d18closure8 in the acwnts and seaking explanths from th8 trusiE•J ry)nceming any •(Kh mattsr The piocedures undertaken do not PmVKle all the evnCe that woukl be required in an aLrt and conB8quenty no opinéon is glven as to whether the 4co)unts present a true and lairf view anii the rnportls Ilmw to thow matter8 •8t out in th• Statnrt INDEPENDENT EXAIIINER 8TATEMENT In the ol axwnh8kn, rK maltar trA8 to our attenllin.. 11 whlch gve8 ts8 reasonth caus• to believe that In any mfitefial the tru8ts8¥ h0 not mel the requlr&Trnts to ensure that PTOFer &xountfnB rfford8 are kept In accordance 6tdK)n 41 ofthe 1993 Art and • accounts are wepareil whkh 4ree with th• &XQunti rwd8 and ojmpty with the &(ntIng requirements ofth8 1993 Art. or 2) tt) which, in our ¢pn. attenkn shoukl dra¥m in ottjgr lo enabb a propor understsnding of tho aCunts iD te reached. K J Eaton & Co {pL(ntants) Ltd Edwinstowe House Centre for Business Ex¢dIee Ety.n81owe Notbngharnshire NG219PR 25 Octot*r 2022
Trurtee Re Aims and Pur North Muskham playgroup aims to provide affDrdable child(are to serve the local ccffimunity. Opening Tuesday to Friday sthool term time. within the hours of 8am to 4pm. Taking place at the local village hall, renting a room and the kitchen facllltles. This attaches to their own gated outdoor play area, with Secure access to North Muskham Community playing field and park. The children attending playgroup art betsveen the a¥es of a8e 24, a mixture of fee-pwying children and those receivi government funding. Af the start of SepteMr 2021. we had 30 children attending the s•ttin8. This year {2022-231. we have commenod with a totsl of 23 children. Structure m•nce and ment Playgroup Is re8ulated by Ofsted and ujrrently ratèd as GOOD. Playgroup is m•na8ed daily at ground level by thè playgroup mawer Helen Walters. who holds level 3 childcare NVQ and SENCO qualifications. Deputy manager All¢ia Hewerdine is level 3 trained. One other staff member is NVQ level 2 childcare trained. Then we have I member of staff who has just finished her level 2 childcare NVQ awaltin8 to be signed off, funded via playgroup. We occaslonally have bank staff who are Iralned or untrained, wlth full D8S che¢k5. Staffing ratios and mlnimum qualificatlons are always in line with the slatutY Framework for the Early Years Foundation st4e guidelines. Staff have regular access to training which 15 encouraged and 5UPPOrted. The playyoup is governèd by a committee. The committee is made up of prospective. retrO51¥e or current parents with thildren who will or have previously accessed the thildcare settin8. The committee consists of parents with a passion to Continue the local provisions of quality and affordable ¢hildc•re in their community. The committee cvrrently has 8 trustees. who all require DBS checks via Ofsted. We meèt once during every scht>)I term and also hold an annual AGM. to addres$ 8eneral runnirg of the play8r¢>up. We have a ¢halr and treasurer wlth key roles. The trtasurer is assisted by Cr accountant for payroll and HMRC activities. We comply with thè charity commission guidance in how we run our ¢ommiitee and make decisions. Meetlngs are heFd as required for any other issue& We have had a very busy year 2021-2022 with the highest voFume of children ever attendlng the setting. Thi5 has meant we have needed to recruit extra supply stsff to work regular to support the child ratios. It had a negligible differeYtQ to last year in terms of staffing expenditures. 2021>21 playgroup was a150 well attendd and needed similar ttaffing. All staff have had a wage increment to support thè minimum wage inryease. We started the year with £14.072.92 in the account. We appear to have made a profft of £ll.E4KI. However. some of this 15 due to being paid £69%.91 early in August 2022, for the following financial year. Giving a real profit of £4.603.09. We had a
healthy £25,636.82 in our current account at the end of the year. Extra-curricular activities contlnue to be providèd at no extra cost to thildren, suth as forest and caterpillar musio We have repleftished toys and equipmentthis year. We also used our posrtrve financia situation to invest intts our Forest sth0, purchasing a shed for equipment storage. Our biggest expendlture imioices this year have been with c<yJnty supplie5. ordering equipment for the children. We have boarded out a storage cupboard allowing for better Storage of toys. Theré has been no other significant expenditure. We have benefited from a Bovernment initiative last year to 8ive us a grant of £15(0 wlth one of our new employees hired as apprentice working through their level 2 thildcare. Receivlng £750 in June 2021 and received the second instalment February 2022. Rent has increased by £10 per week. this is shown in the accounts as • marginal difference. There has been a discrepancy with the tty cash this year. Some money whith had been spent was not accounted for. this gave us an error of bein8 £84 in credit in the final petty ¢tt5h balaTh, It is difficult to work out how this happened. Slnce this error, we have had a meeting with key ccthmittee and play8roup employees. We completed tO8ether the tharity comm15slon financlal controls seFf- assessment, then wrote a port on the èrror and provided recommendations and new financial policies. We will use a new system of dmenting petty cash fty vigorous bookkeeping. Petty cash usa8e ha5 deueased over the last few years. Last year we provided an extra bank card to Deputy Manager AlSda, often In charge of buylng items. Thi5 has eftsured the purthase of iterns to be used primarily using a bank card Reserves Poll Playgroup needs to run wlth some reserves yè•r to year child numbers can and reserves ensure our ability to provide a Servi with variable income. We have had two consecutlve Incredlblv successful years. However wè do not fore¢a5t the same uptake thls year, with less children attendln8 thè setting. Wa4es wlll go up again this April 2023 with minimum wage increases. Previous years we have mana8ed to cope well wlth less thildren ottending tht settin& as wages were signlflcantly lower for a variety of reasons.. the biggest impact bein8 lower wages in line wlth Government, particularly In some staff duè to their age ond unqualffied status. In 2019, wa8es totalled £53.671, in 2022 the total was £69,978. Wages are projected to £65.217 this financial year. thls Includes preViouV agreed reducti of sl•ff hours due to a tempryary contr and less supply staff. Our projerted income looks to be £72,858. Compared to 2021-22 whith was £106,259. A1055 of E12,(x)O is projerted. We have this amount to buffer us in our current account for this financlal year. If it continues into the following financial year the savings CoUnt has a balan of £35,501. This Is re- assuring when looking ahead. In order to not only keep playgroup open but look after the employee's financial stsbility. There remains the oned nursery In very close proximity to Pr&school. so far this has not been any SnifiCant competition. However. we cannot disregard the impact it could in futurè have upon u5. The adia¢ent primary School. North Muskham Primary, often offers Fl spaces. This has been confirmèd for 2023. It often impacts our funded numbers during the afternoons. and as a result income. We have re-35surance with our savings we can continue to offer 5tsff hours rf our numbers do flurtuate. Netessary for the stsbility of Playgroup. We will tontinue this yearto scrupulously look at finar$ and react at¢ordingly.