LADYBIRDS PLAYGROUP
CHARITY COMMISSION REGISTERED NO.1036691
STATEMENT OF ACCOUNTS
for the year ended 31 August 2023
LADYBIRDS PLAYGROUP Charity Information Charity number: 1036691
Trustees
Miss Michelle Borkertas Mrs Nikki J Courtman
Bankers
Barclays Bank 91 - 92 High Street King's Lynn Norfolk PE30 1BL
Independent Examiner
K.J. Maggs F.C.A. Hoekman Way Spalding Lincs PE11 3HE
Registered Office
28 Sutton Road Walpole Cross Keys King's Lynn Norfolk PE34 4HD
Page 1
LADYBIRDS PLAYGROUP
Annual Report
for the year ended 31 August 2023
The trustees present their report with the financial statements for the year ended 31 August 2023. The financial statements comply with the Charities Act 2011, the charity's constitution and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
Structure, governance and management
Governing document
The charity is constituted by the Charity Commission and is a registered charity with the charity number 1036691. The charity was formed in 1993 and became a registered charity on 20 April 1994. The charity is governed by its constitution, which was adopted on 21 July 1993.
Appointment of trustees
A prospective trustee must be formally proposed and approved by the current committee.
Objectives and Activities
Ladybirds aim is to provide high quality care and education for children below statutory school age,
-
a) to work in partnership with parents to help children to learn and develop,
-
b) add to the life and well-being of the local community, and
-
c) offer children and their parents a service that promotes equality and values diversity.
The provision for children's development and learning is guided by The Early Years Foundation Stage (DCFS 2007). From September 2008 the Early Years Foundation Stage became law. This brings together Birth to Three Matters and the Curriculum Guidance for the Foundation Stage. Our provision reflects the four key themes and 16 commitments of the Early Years Foundation Stage.
Governance
Ladybirds has a parent management committee whose members are elected by the parents of the children who attend the setting. The elections take place at our Annual General meeting in October.
The Committee is responsible for;
-
a) managing the setting's finances,
-
b) employing and managing the staff,
-
c) making sure that the setting has, and works to, polices that help it to provide a high quality service, and
-
d) making sure that the setting works in partnership with the children's parents.
The Annual General meeting is open to the parents of all of the children who attend the setting. It is our shared form for looking back over the previous years activities and shaping the coming years plan. Our setting recognises parents as the first and most important educators of their children. All of the staff see themselves as partners with parents in providing care and education for their child. There are many ways in which parents take part in making the setting a welcoming and stimulating place for children and parents, such as exchanging knowledge about their children's needs activities, interests and progress, with the staff helping at sessions of the setting, sharing their own special interests with the children, helping to provide, make and look after the equipment and materials used in the children's play activities, being part of the management of the setting, taking part in events and informal discussions about the activities and curriculum provided by the setting, joining in community activities in which the setting takes part and building friendships with other parents in the setting.
Page 2
LADYBIRDS PLAYGROUP
Annual Report (continued)
for the year ended 31 August 2023
Achievements and performance
This year Ladybirds has continued to go from strength to strength and has been able to sustain the numbers of children attending the setting throughout the year and a waiting list is still necessary, even with the uncertainty and the struggles with the pandemic.
All expenditure has been well managed by staff and most areas have followed a similar spending pattern to other years. Significant increases have been seen in training, resources and equipment in recent years, which is due to the increased number of children and the need to update equipment in order to bring it into line with current standards.
As well as a current account the Charity holds a small amount in a deposit account in case of closure and the need for pay-out of redundancy.
The results for the charity for the financial year are detailed on pages 5 and 6.
Reserves policy
As well as a current account the Charity holds a small amount in a deposit account in case of closure and the need for pay-out of redundancy.
Public Benefit
We maintain that the aims and objectives of the charity remain of public benefit as shown within the activities and achievements and performance above. The trustees consider that the objectives and activities of the charity are in accordance with the Charity Commissions' general guidance on public benefit. The early years development of the children benefitting from the Charity's objects gives them a much valued foundation for later schooling and life in general.
Approved by the charity's trustees on 12 June 2024 and signed on their behalf by:
Miss Michelle Borkertas Trustee
Page 3
Independent Examiner's Report to the Trustees of LADYBIRDS PLAYGROUP
I report to the charity on my examination of the accounts of the charity for the year ended 31 August 2023, which are set out on pages 5 and 6.
Responsibilities and basis of Report
As the charity trustees 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 charity's accounts carried out under section 145 of the 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records, or
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.
K.J. Maggs B.A., F.C.A. Chartered Accountant Spalding
Date: 13 June 2024 .
Page 4
LADYBIRDS PLAYGROUP
Statement of Financial Activity
for the year ended 31 August 2023
----- Start of picture text -----
2023 2022
Total Total
£ £
Incoming resources
LCC Funding 82,941 64,880
Club fees 13,323 16,248
96,264 81,128
Fundraising - 57
Other 46 3
Total incoming resources 96,310 81,188
Resources expended
Wages 67,671 61,271
Staff training and First Aid 52 384
Fundraising - 47
Rent and rates 1,439 650
Insurance 526 485
Repairs and renewals 381 311
Toys, books and equipment 2,307 1,886
Pet costs 190 102
Uniforms 285 205
Shopping and resources 4,174 2,765
Telephone 110 80
Post and stationery 875 407
Subscriptions 50 159
Sundry expenses 464 26
-
Independent examination 2,182
Professional fees 1,285 -
Payroll fees 576 600
Capital assets acquired 632 -
Total resources expended 83,199 69,378
Net expenditure 13,111 11,810
Cash funds at 1 September 39,504 27,694
Cash funds at 31 August 52,615 39,504
----- End of picture text -----
Page 5
LADYBIRDS PLAYGROUP
Statement of Net Assets
at 31 August 2023
----- Start of picture text -----
Note 2023 2022
£ £
Cash deposits
Barclays Community account 45,501 32,436
Barclays Savings account 7,114 7,068
Monetary assets 52,615 39,504
Debtors
Prepayments 307 283
Creditors
Independent examiner's fee 495 2,167
Rent 33 440
Other professional fees 560 1,185
PAYE and NI - 995
Monetary liabilities 1,088 4,787
Net monetary assets 51,834 35,000
Total net assets 51,527 34,717
----- End of picture text -----
Notes to the financial statements
1 Accounting policies
The statements of financial activities has been prepared on a receipts and payments basis which is a consistent basis to previous years.
2 Control
The charity decisions are made by the trustees as a body and are detailed on page 1 of this report. No one trustee or group of trustees has a dominant control.
3 Related parties
Trustees received reimbursed expenses during the year for playgroup items purchased for the nursery. Two trustees received remuneration during the year only in respect of their work as playschool teachers for the nursery and not in their capacity as Trustees.
These accounts were approved by the board on 12 June 2024 .
Mrs Nikki J Courtman Trustee
Page 6