Registered Charity Number :- 1037296
PUDDLEDUCKS UNDER FIVES TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR END 31 August 2022
PUDDLEDUCKS UNDER FIVES 31 Monastery Close Lawley Village Telford
PUDDLEDUCKS UNDER FIVES
CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| 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 2022
The Trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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.
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PUDDLEDUCKS UNDER FIVES TRUSTEES' REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
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 2022 the free reserves of the charity were £27,332 (2021: £65,052).
Approved by order of the board of trustees on 27 April 2024 and signed on its behalf by:
John Smout Chair of the Trustees
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PUDDLEDUCKS UNDER FIVES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022
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:
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'Examine the accounts under Section 145 of the 2011 Act
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'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
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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:
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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
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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
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PUDDLEDUCKS UNDER FIVES STATEMENT IF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted | Restricted | 2022 Total | 2021 Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from generated | funds | ||||
| Voluntary Income | 2 | 46,906 | - | 46,906 | 105,364 |
| Activities from generating funds | 3 | 10,845 | - | 10,845 | 19,068 |
| Total Incoming resources | 57,751 | - | 57,751 | 124,432 | |
| RESOURCES EXPENDED | |||||
| Costs of generating funds | |||||
| Fundraising trading : cost of goods sold and other costs | |||||
| Charitable activities | |||||
| Wages | 5 | 49,410 | - | 49,410 | 84,660 |
| Nursery costs | 6 | 39,699 | - | 39,699 | 28,596 |
| Support costs | 7 | 424 | 98 | 522 | 696 |
| Governance costs | 8 | 5,937 | - | 5,937 | 4,356 |
| Total resources expended | 95,471 | 98 | 95,569 | 118,307 | |
| Net Incoming/(outgoing) resources | (37,720) | (98) | (37,818) | 6,125 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 65,052 | 392 | 65,444 | 59,319 | |
| Total Funds Carried Forward | 27,332 | 294 | 27,626 | 65,444 |
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PUDDLEDUCKS UNDER FIVES BALANCE SHEET AS AT 31 AUGUST 2022
| Unrestricted | Restricted | 2022 Total | 2021 Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSEST | |||||
| Tangible assets | 9 | 1,272 | 294 | 1,566 | 2,088 |
| CURRENT ASSEST | |||||
| Cash at bank and in hand | 30,794 | - | 30,794 | 66,690 | |
| Other debtors | - | - | - | - | |
| CREDITORS | |||||
| Amount payable due within one year | 10 | (4,735) | - | (4,735) | (3,335) |
| NET CURRENT ASSETS | 27,332 | 294 | 27,626 | 65,444 | |
| TOTAL ASSETS LESS LIABILIATIES | 27,332 | 294 | 27,626 | 65,444 | |
| NET ASSETS | 27,332 | 294 | 27,626 | 65,444 | |
| FUNDS | 11 | ||||
| Unrestricted funds | 27,332 | 27,332 | 65,052 | ||
| Restricted funds | 294 | 294 | 392 | ||
| TOTAL FUNDS | 27,332 | 294 | 27,626 | 65,444 |
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
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PUDDLEDUCKS UNDER FIVES NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2022
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 estimated | |
| 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 |
2022 2021 £ £ 46,906 105,364 46,906 105,364 2022 2021 £ £ 46,906 105,364 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2022
PUDDLEDUCKS UNDER FIVES
| 3. ACTIVITIES FROM GENERATEING FUNDS Playgroup Fees Donation and gifts Other |
2022 2021 £ £ 10,197 18,500 648 500 - 67 10,845 19,068 |
|---|---|
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
| STAFF COSTS Wages and Salaries Bonus |
2022 2021 £ £ 42,714 84,660 6,696 - |
|---|---|
| 49,410 84,660 |
|
| The average monthly number of employees during the year was as f Child care No employee received emoluments in excess of £60,000. NURSERY COSTS Repairs Playground repairs Rent Bank charges Equipment Computer running Insurance Uniform Refreshments Telephone Other Expenses Sundries Staff Training Subscriptions Household & Cleaning Photocopier Costs Printing and stationery |
2022 2021 7 7 2022 2021 £ £ 286 160 5,300 - 9,418 10,782 84 94 7,782 2,522 - 229 - 898 457 846 2,745 1,116 307 434 982 864 426 101 1,189 4,415 369 553 1,025 1,251 633 412 8,695 3,920 |
| 39,699 28,596 |
6. NURSERY COSTS
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NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2022
PUDDLEDUCKS UNDER FIVES
| 7. SUPPORT COSTS Playground - Depreciation Fixture & Fittings - Depreciation Computer Equipment - Depreciation Support Costs others 8. GOVERNANCE COSTS U Check( DBS ) Fees Professional Fees Accountants fees Pension Administration 9. TANGIBLE ASSETS Playground Fixtures and Fittings £ £ Cost As at 01 September 2021 20,328 900 Additions - - As at 31 August 2022 20,328 900 Depreciation As at 01 September 2021 19,006 832 Charge for the year 331 17 As at 31 August 2022 19,336 849 Net Book Value As at 31 August 2021 1,322 68 As at 31 August 2022 992 51 10. CREDITOR: AMOUNT PAYABLE DUE WITHIN ONE YEAR Accountants fees Other creditors Accrued expenses |
2022 2021 £ £ 331 440 17 23 174 233 - - 522 696 2022 2021 £ £ 143 202 596 - 3,200 3,779 1,999 375 5,937 4,356 Computer Equipment Total £ £ 3,802 25,030 - - 3,802 25,030 3,105 22,942 174 522 3,279 23,464 698 2,088 523 1,566 2022 2021 £ £ 2,800 1,400 495 495 1,440 1,440 4,735 3,335 |
|---|---|
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PUDDLEDUCKS UNDER FIVES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2022
11. MOVEMENT IN FUNDS
| As at | 01 | Net Movement | As at 31 August | |
|---|---|---|---|---|
| September 2021 | in Funds | 2022 | ||
| Unrestricted Funds | £ | £ | £ | |
| General funds | 65,052 | (37,720) | 27,332 | |
| Restricted funds | ||||
| Playground | 392 | (98) | 294 | |
| TOTAL FUNDS | 65,444 | (37,818) | 27,626 | |
| Net movement in funds, included in the are as follows: | ||||
| Unrestricted funds | Incoming Resources £ |
Resources Expended £ |
Movement in Funds £ |
|
| General Fund | 57,751 | (95,471) | (37,720) | |
| Restricted Funds | ||||
| Playground | - | (98) | (98) | |
| Total Funds | 57,751 | (95,569) | (37,818) |
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.
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