Charity No. 1037148
CHESTNUTS PLAYGROUP (HARINGEY)
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
ALISON WARD ACCOUNTANTS CHARTERED CERTIFIED ACCOUNTANTS
28 HILLS ROAD BUCKHURST HILL ESSEX IG9 5RS
CHESTNUTS PLAYGROUP (HARINGEY) ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
CONTENTS
| Pages | 1 | Trustees' Report |
|---|---|---|
| 5 | Independent Examiner's Report | |
| 6 | Receipts and Payments Account | |
| 7 | Statement of Assets and Liabilities |
CHESTNUTS PLAYGROUP (HARINGEY) TRUSTEES' REPORT - STATUTORY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021
TRUSTEES
Sildonie Marie Mclean - Chair Anita G De Souza -Trustee Kibanzaya Bella Komsongo - Secretary
PRINCIPAL OFFICE OF THE CHARITY
South Grove Tottenham London N15 5QE
CHARITY NUMBER
1037148
BANKERS
Barclays Bank Kingsland Leicestershire LE87 2BB
INDEPENDENT EXAMINER
Alison Ward FCCA Alison Ward Accountants 28 Hills Road Buckhurst Hill Essex IG9 5RS
page 1
CHESTNUTS PLAYGROUP (HARINGEY) TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report and the independently examined accounts of the charity for the year ended 31 August 2021. The statutory information is shown on Page 1.
STATUS
The charity is an unincorporated association. It has a constitution as its governing document. The charitable registration number is 1037148.
PRINCIPAL ACTIVITIES
Chestnuts Playgroup (Haringey) provides an educational service for 2-8 year old children. We have morning, afternoon and full day services which are between 9am and 6pm and are open for 38 weeks of the year. We offer flexible hours taking into account children from any ethnic background, working parents, students, lone parents and children from disadvantageous backgrounds.
PUBLIC BENEFIT
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives of the charity.
ACHIEVEMENTS
Chestnuts Playgroup ended 2020 by securing a new premises, The Former Caretaker's House on the site of Seven Sisters Primary School.
After a few months of renovations to the building and a move to a temporary location, whilst the works were being carried out, Chestnuts Playgroup officially opened in its new premises in April 2021.
The children and staff settled in well to the new location. The outdoor play area is, however, quite limited. The playgroup is currently in discussions with Haringey Council about gaining all the relevant permissions in order to redevelop an area adjacent to the premises that houses an old timber shed.
The hope is to demolish this shed and open up the area into an educational and fun outdoor play area for the children to enjoy.
Despite the upheaval of the relocation of the playgroup, the children have continued to thrive and the numbers applying to and attending the playgroup have remained steady and the playgroup is generally at full capacity.
Ofsted have continued to rate the setting as Good
FINANCIAL REVIEW
Chestnuts Playgroup continues to receive funding from the local authority, the London Borough of Haringey.
The playgroup has had to pay for renovations to the new premises which will have had an impact on the finances, but this was a necessity, in order to bring the building up to a standard, good enough for the playgroup to operate from.
page 2
CHESTNUTS PLAYGROUP (HARINGEY) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
The after school club which had had to stop operating due to the impact of the Covid pandemic, was able to start back up again, however, numbers remain low. The playgroup is keeping it under review in order to see if the after school club is a feasible option for the playgroup to run.
RESERVES POLICY
The charity currently has a healthy bank balance and has plenty of money in reserve should it be needed if it gets into difficulty.
Future spending on the improvement of the playgroup is currently being planned but a figure of £50,000 will be kept in reserve which equates to approximately 6 months running costs.
PLANS FOR THE FUTURE
The current main focus of the playgroup is to develop a new outdoor play area in which the children (many of whom do not have access to outdoor areas at home) can explore and play in, safely and securely.
In terms of long term planning, the playgroup is looking at ways in which they could possibly grow and develop the preschool further.
Parents continue to be recruited to the management committee and together with the staff are actively working towards improving and developing the playgroup's future.
TRUSTEES
The trustees who served during the year are shown below:
Sildonie Marie Mclean Chair Anita G De Souza -Trustee Kibanzaya Bella Komsongo - Secretary
Trustees are recruited from the parents of the children attending the playroup.
TRUSTEES' RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:-
1) select suitable accounting policies and then apply them consistently.
2) make judgements and estimates that are reasonable and prudent.
3) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
page 3
CHESTNUTS PLAYGROUP (HARINGEY) TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
This report was approved by the board of trustees on March 2023 and signed on their behalf.
Signed Sildonie Marie Mclean - Chair
page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESTNUTS PLAYGROUP (HARINGEY) FOR THE YEAR ENDED 31 AUGUST 2021
I report to the charity trustees on examination of the accounts of the Trust for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust, 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 Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alison Ward FCCA Alison Ward Accountants 28 Hills Road Buckhurst Hill Essex IG9 5RS
March 2023
page 5
CHESTNUTS PLAYGROUP (HARINGEY) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021
| CHESTNUTS PLAYGROUP (HARINGEY) RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021 |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Receipts: | ||||
| London Borough of Haringey (fees) | 137,393 | 169,545 | ||
| Playgroup fees | 3,318 | 20,324 | ||
| Milk refund | 347 | 1,075 | ||
| Donations | 100 | - | ||
| LBH grant | 6,100 | - | ||
| Coronavirus Job Retention Scheme grant | - | 3,832 | ||
| Bank interest receivable | 9 | 71 | ||
| Total receipts | 147,267 | 194,847 | ||
| Payments: | ||||
| Salaries | 88,822 | 113,492 | ||
| NIC employer | 15,562 | 5,007 | ||
| Pension contributions | 5,138 | 2,647 | ||
| Payroll processing fees | 938 | 1,192 | ||
| Recruitment & training | 891 | 420 | ||
| Travelling expenses | 58 | 37 | ||
| Food and drink | 1,198 | 1,452 | ||
| Equipment, toys and books | 14,487 | 7,799 | ||
| Music and dance sessions | - | 310 | ||
| Trips and activities | - | 120 | ||
| Rent | 12,945 | 13,812 | ||
| Refuse collection | 253 | 236 | ||
| Light and heat | 168 | - | ||
| Insurance | 784 | 789 | ||
| Health and safety | 51 | 467 | ||
| Removal costs and post redirection | 1,132 | - | ||
| Building improvements | 21,963 | - | ||
| Garden works | 950 | - | ||
| Repairs & renewals | 2,309 | 330 | ||
| Equipment cover plans and warranties | 233 | - | ||
| Telephone | 415 | 1,110 | ||
| Website costs | 195 | 2,013 | ||
| Printing, stationery, postage & advertising | 615 | 698 | ||
| Cleaning | 165 | 428 | ||
| Subscriptions and fees | 480 | 468 | ||
| Consultancy fees | 2,805 | 270 | ||
| Independent examiner's fees | 2,508 | 1,200 | ||
| Sundry expenses | 72 | 149 | ||
| Total payments | (175,137) | (154,446) | ||
| Net receipts(payments) | (27,870) | 40,401 | ||
| Cash funds last year end | 272,141 | 231,740 | ||
| Cash funds this year end | £ | 244,271 | £ | 272,141 |
page 6
CHESTNUTS PLAYGROUP (HARINGEY) STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2021
| CHESTNUTS PLAYGROUP (HARINGEY) STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2021 |
|||||
|---|---|---|---|---|---|
| Note | 2021 | 2020 | |||
| £ | £ | £ | |||
| Cash Funds | |||||
| Bank account | 244,271 | 272,141 | |||
| Assets Retained for the Charity’s Own Use | |||||
| Computer Equipment | 2,038 | 2,038 | |||
| CCTV | - | 920 | |||
| Building improvements | - | 7,497 | |||
| 246,309 | 282,596 | ||||
| Liabilities | |||||
| Independent examiner's fees | (1,440) | (2,509) | |||
| PAYE creditor | (5,032) | (54) | |||
| £ | 239,837 | £ | 280,033 |
The accounts were approved by the board of trustees on March 2023 and signed on their behalf by:
Sildonie Marie Mclean - Chair
page 7