Registered Charity Number :- 1037296 **PUDDLEDUCKS UNDER FIVES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR END 31 August 2021** **PUDDLEDUCKS UNDER FIVES 31 Monastery Close Lawley Village Telford** ## **PUDDLEDUCKS UNDER FIVES** **CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ||Page| |---|---| |Trustees' Report|1| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6| ## **PUDDLEDUCKS UNDER FIVES TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021** The Trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of the Statements of Recommended Practice (SORP)' Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINSTRATIVE DETAILS Registered Charity number** 1037296 ## **Principal Address** 31 Monastery Close Telford Shropshire TF4 2GP ## **Trustees** Mr M Baker Mr J Smout Ms J Boughen Mr W Ahmed Ms C Kociak ## **Independent Examiner** One Click Solution Ltd 5 Redcar Croft Birmingham B36 8UU ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The Charity is controlled by its governing document, a deed of trust, and constitute an unincorporated charity. The charity is run under the constitution of the Pre School Learning Alliance. ## **Recruitment and appointment of new trustees** Trustees are appointed at the annual general meeting after vote by the parents. Under the constitution 30% pf the parents must attend the meeting for it to be quorate. ## **Risk Management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 1 ## **PUDDLEDUCKS UNDER FIVES TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31 AUGUST 2021** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the charity are to enhance the development and education of the children under statutory school age by encouraging parents to understand and provide for the needs of their children through ## **FINANCIAL REVIEW** ## **Reserves policy** The main funding body of the charity insists that reserves equal to at least three months operating costs are retained. This currently equates to approximately £25,000. As at 31 August 2021 the free reserves of the charity were £65,052 (2020: £58,797). Approved by order of the board of trustees on 27 April 2024 and signed on its behalf by: John Smout Chair of the Trustees 2 ## **PUDDLEDUCKS UNDER FIVES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021** I report to the trustees on my examination of the accounts of the above charity for the year ended 31 ## **Respective Responsibilities of trustees and examiner** The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent ## It is my responsibility to: - 'Examine the accounts under Section 145 of the 2011 Act - 'To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - To state whether particular matters have come to my attention ## **Basis of the independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - 1- Which gives me reasonable cause to believe that, in any material respect, the requirements o To keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts in accordance with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or 2- To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. One Click Solution Ltd 5 Redcar Croft Birmingham B36 8UU 27 April 2024 3 ## **PUDDLEDUCKS UNDER FIVES STATEMENT IF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021** |||**Unrestricted**|**Restricted**|**2021 Total**|**2020 Total**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Funds**| ||**Notes**|**£**|**£**|**£**|**£**| |**INCOMING RESOURCES**|||||| |**Incoming resources from generated funds**|||||| |Voluntary Income|2|105,364|-|105,364|98,619| |Activities from generating funds|3|19,068|-|19,068|20,721| |**Total Incoming resources**||**124,432**|**-**|**124,432**|**119,340**| |**RESOURCES EXPENDED**|||||| |**Costs of generating funds**|||||| |Fundraising trading : cost of goods sold and other costs|||||| |**Charitable activates**|||||| |Wages|5|84,660|-|84,660|79,628| |Nursery costs|6|28,596|-|28,596|21,807| |Support costs|7|566|130|696|1,948| |Governance costs|8|4,356|-|4,356|1,555| |**Total resources expended**||**118,177**|**130**|**118,307**|**104,938**| |Net Incoming/(outgoing) resources||6,255|(130)|6,125|14,402| |**Reconciliation of funds**|||||| |Total funds brought forward||58,797|522|59,319|44,917| |**Total Funds Carried Forward**||**65,052**|**392**|**65,444**|**59,319**| 4 ## **PUDDLEDUCKS UNDER FIVES BALANCE SHEET AS AT 31 AUGUST 2021** |||**Unrestricted**|**Restricted**|**2021 Total**|**2020 Total**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Funds**| ||**Notes**|**£**|**£**|**£**|**£**| |**FIXED ASSEST**|||||| |Tangible assets|9|1,696|392|2,088|2,784| |**CURRENT ASSEST**|||||| |Cash at bank and in hand||66,690|-|66,690|51,298| |Other debtors||-|-|-|7,172| |**CREDITORS**|||||| |Amount payable due within one year|10|(3,335)|-|(3,335)|(1,935)| |**NET CURRENT ASSETS**||**65,052**|**392**|**65,444**|**59,319**| |**TOTAL ASSETS LESS LIABILIATIES**||**65,052**|**392**|**65,444**|**59,319**| |**NET ASSETS**||**65,052**|**392**|**65,444**|**59,319**| |**FUNDS**|11||||| |Unrestricted funds||65,052||65,052|58,797| |Restricted funds|||392|392|522| |**TOTAL FUNDS**||**65,052**|**392**|**65,444**|**59,319**| The financial statements are approved by the board of trustees and were signed on its behalf by John Smout-Chair of the Trustees 27 April 2024 5 **PUDDLEDUCKS UNDER FIVES NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2021** ## **1. ACCOUNTING POLICIES** ## **Accounting Conventions** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standards s for Small Entities (effective April 2008), The Charites Act 2011 and the requirements if the Statement of Recommended Practice, Accounting and Reporting by ## **Incoming Resources** All incoming resources are included on the Statements of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources Expended** Expenditures is accounted for on accrual basis and has been classified under headings that aggregate all the cost related to the category. Where cost cannot be directly attributed to particular heading, they have been allocated to activities on the basis consistent with the use of resources. ## **Tangible Fixed Assets** |**Tangible Fixed Assets**|**Tangible Fixed Assets**| |---|---| |Depreciation is provided at the following annual rates in order to write off each asset over its|| |Playground|25% on reducing balance| |Fixture and fittings|25% on reducing balance| |Computer equipment|25% on reducing balance| ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of Restricted funds can only be used for particular restricted purpose within the objects of the charity. Restrictions arise when specified by donor or when funds are raised for particular purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial |**2.**
**VOLUNTARY INCOME**
Grants
Grants received included in the above are follows:
Telford & Wrekin Council|**2021**
**2020**
**£**
**£**
105,364
98,619
**105,364**
**98,619**
**2021**
**2020**
**£**
**£**
105,364
98,619| |---|---| 6 ## **PUDDLEDUCKS UNDER FIVES** ## **NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2021** |**3.**
**ACTIVITIES FROM GENERATEING FUNDS**
Playgroup Fees
Donation and gifts
Other|**2021**
**2020**
**£**
**£**
18,500
19,030
500
1,691
67
-
**19,068**
**20,721**| |---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remunerations or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020. Trustees' Expenses There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020. |**5.**
**STAFF COSTS**
Wages and Salaries
The average monthly number of employees during the year was as
Child care
No employee received emoluments in excess of £60,000.
**6.**
**NURSERY COSTS**
Repairs
Rent
Bank charges
Equipment
Computer running
Insurance
Uniform
Refreshments
Telephone
Other Expenses
Sundries
Staff Training
Subscriptions
Household & Cleaning
Photocopier Costs
Printing and stationery
PAT Testing|**2021**
**2020**
**£**
**£**
84,660
79,628

**2021**
**2020**
7
7
**2021**
**2020**
**£**
**£**
160
29
10,782
8,850
94
-
2,522
4,587
229
778
898
896
846
-
1,116
765
434
545
864
-
101
200
4,415
907
553
35
1,251
1,155
412
2,832
3,920
29
-
199
**28,596**
**21,807**| |---|---| 7 ## **PUDDLEDUCKS UNDER FIVES** ## **NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2021** |**7.**
**SUPPORT COSTS**
Playground - Depreciation
Fixture & Fittings - Depreciation
Computer Equipment - Depreciation
Support Costs others
**8.**
**GOVERNANCE COSTS**
U Check( DBS ) Fees
Accountants fees
Pension Administration
**9.**
**TANGIBLE ASSETS**
**Playground**
**Fixtures and**
**Fittings**
**£**
**£**
**Cost**
As at 01 September 2020
20,328
900
Additions
-
-
As at 31 August 2021
20,328
900
**Depreciation**
As at 01 September 2020
18,565
809
Charge for the year
441
23
As at 31 August 2021
19,006
832
**Net Book Value**
As at 31 August 2020
1,763
91
**As at 31 August 2021**
**1,322**
**68**
**10. CREDITOR: AMOUNT PAYABLE DUE WITHIN ONE YEAR**
Accountants fees
Other creditors
Accrued expenses|**2021**
**2020**
**£**
**£**
440
588
23
30
233
310
-
1,020
**696**
**1,948**
**2021**
**2020**
**£**
**£**
202
247
3,779
780
375
528
**4,356**
**1,555**
**Computer**
**Equipment**
**Total**
**£**
**£**
3,802
25,030
-
-
3,802
25,030
2,872
22,246
233
696
3,105
22,942
930
2,784
**698**
**2,088**
**2021**
**2020**
**£**
**£**
1,400
-
495
495
1,440
1,440
**3,335**
**1,935**| |---|---| 8 **PUDDLEDUCKS UNDER FIVES** **NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2021** ## **11. MOVEMENT IN FUNDS** ||**As at 01**|**Net Movement**|**As at 31 August**| |---|---|---|---| ||**September 2020**|**in Funds**|**2021**| |**Unrestricted Funds**|**£**|**£**|**£**| |General funds|58,797|6,255|65,052| |**Restricted funds**|||| |Playground|522|(130)|392| |**TOTAL FUNDS**|**59,319**|**6,125**|**65,444**| |Net movement in funds, included in the are as follows:|||| |**Unrestricted funds**|**Incoming**
**Resources**
**£**|**Resources**
**Expended**
**£**|**Movement in**
**Funds**
**£**| |General Fund|124,432|(118,177)|6,255| |**Restricted Funds**|||| |Playground|-|(130)|130
-| |**Total Funds**|**124,432**|**(118,307)**|**6,125**| The restricted playground fund relates to grants received from The Big Lottery and Telford and Wrekin Council to construct and outdoor play area for children. This expenditure is treated as a fixed asset of the charity and the depreciation incurred is charged against this fund. 9