DAISY CHAINS PLAYGROUP TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their Annual Report and Accounts for the year ended 31 August 2024. GOVERNING INSTRUMENT The Charity was established by constitution, with charitable status being granted on 23 May 1994. TRUSTEES The Trustees named in page I seNed as Managing Trustees throughout the year, New trustees are appointed as a result of a recommendation from either an existing trustee, a funder or an associate of the Charity. They are specifically identified as people who they believe would enhance the membership of the board. OBJECTIVES To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. The charity provides Nursery services for children aged 2 - 5 years old. TAXATION STATUS As a registered charity. in general, the income and gains are not liable to taxation. FINANCIAL REVIEW The financial statements show a total Income for the year of £624,305 and Reserves of £311,111 of which £325,000 is allocated to Restricted Funds for expenditure on specific projects. The surplus for the year amounted to £28,440, of which £NIL related to a Deficit of Restricted Fund5 and £28,440 related to a surplus on the Unrestricted Funds. The principal expenses are stated on page 6. At the year end, unrestricted funds was in overall deficit. Reserves are held to support activities at the discretion of the trustees. ACHIEVEMENTS Daisychains is a full time Nursery offering term time places as well. We pride ourselves on being able to offer individual hours around the parents, work pattern. We now have 120 local children ranging from 3 months to 4 years and 11 months supporting 116 families. We also have 3 children who have additional needs that require one to one care. We have supported their families through their diagnosis. Page 2
DAISY CHAINS PLAYGROUP TRUSTEES ANNUAL REPORT contlnued FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Committee of the Charity is required to prepare, for each financial year, accounts which give a true and fair view of the state of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the committee 15 required to: l) select suitable accounting policies and then apply them consistently; 2) make suitable judgements and estimates that are reasonable and prudent; 31 state where applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed in the financial Statement; and 41 prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. The Committee is responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011 and with the Constitution and Rules. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. APPROVAL The report was approved by the trustees on signed on their behalf by Trustee Treasurer Page 3
DAISY CHAINS PLAYGROUP FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Registered Charity Number: 1037737
DAISY CHAINS PLAYGROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Registered Charity Number: 1037737 CONTENTS Pa Charity Information Trustees, Report 2to3 Independent Examiner's Report Statement of Financial Activitie5 Income & Expenditure Account Balance Sheet Notes to the Accounts 8tolO
DAISY CHAINS PLAYGROUP CHARITY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024 REGISTERED CHARITY NUMBER 1037737 MANAGEMENT COMMIThEE Poppy Crouch lan Burrows Sandra Shaw Alice Greenstreet Michelle Morley TRUSTEES Chairperson Treasurer Secretary Trustee Trustee PRINCIPAL BANKERS Barclays Bank PLC Leicester LE87 2BB INDEPENDENT EXAMINER CT Associates 3 Conqueror Court Sittingbourne Kent MEIO 5BH OFFICE ADDRESS Daisy Chains Nursery St Georges School Chequers Road Minster on Sea Sheerness Kent ME12 3QU Page I
DAISY CHAINS PLAYGROUP TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their Annual Report and Accounts for the year ended 31 August 2024. GOVERNING INSTRUMENT The Charity was established by constitution, with charitable status being granted on 23 May 1994. TRUSTEES The Trustees named in page I served as Managing Trustees throughout the year. New trustees are appointed as a result of a recommendation from either an existing trustee, a funder or an associate of the Charity. They are specifically identified as people who they believe would enhance the membership of the board. OBJECTIVES To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. The charity provides Nursery services for children aged 2 - 5 years old. TAXATION STATUS As a registered charity, in general, the income and gains are not liable to taxation. FINANCIAL REVIEW The financial statements show a total Income for the year of £624,305 and Reserves of £311,111 of which £325,000 is allocated to Restricted Funds for expenditure on specific projects. The Surplus for the year amounted to £28,440, of which £NIL related to a Deficit of Restricted Fund5 and £28,440 related to a surplus on the Unrestricted Funds. The principal expenses are stated on page 6. At the year end, unrestricted funds was in overall deficit. Reserves are held to support activities at the discretion of the trustees. ACHIEVEMENTS Daisychains is a full time Nursery offering term time places as well. We pride ourselves on being able to offer individual hours around the parents. work pattern. We now have 120 local children ranging from 3 months to 4 years and 11 months supporting 116 families. We also have 3 children who have additional need5 that require one to one care. We have supported their families through their diagnosis. Page 2
DAISY CHAINS PLAYGROUP TRUSTEES ANNUAL REPORT continued FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Committee of the Charity is required to prepare, for each financial year, accounts which give a true and fair view of the state of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the committee is required to: 1) select suitable accounting policies and then apply them consistently; 21 make suitable judgements and estimates that are reasonable and prudent; 3) state where applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed in the financial statement; and 41 prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies. The Committee is responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011 and with the Constitution and Rules. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. APPROVAL The report was approved by the trustees on 4/</2oLC and signed on their behalf by Trustee Treasurer Page 3
DAISY CHAINS PLAYGROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAISY CHAINS PLAYGROUP FOR THE YEAR ENDED 31 AUGUST 2024 I report on the accounts of Daisy Chains Playgroup for the year ended 31 August 2024, which are set out on the following pages. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 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 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 limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a member of the ICAEW. In connection with my examination, no matter has come to my attention: 11) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met,. or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (LL ct associotes Cl 795 A?8 92 KHUSHVINDER SAGGU FCA. FMAAT. AATQB. BFP. Chorteied h¢countants t4 1oxcon5u1nls CT Associates, Chartered Accountants. 3 Conqueror Court, Sittingbourne, Kent, MEIO 5BH. 30th July 2025 Page 4
DAISY CHAINS PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Other Unrestricted Re5trirted Fund Fund 2024 2023 Note Incoming Resources Local Authority vouchers Fees Donations Bank Interest Other Income 462,804 155.062 6,284 37 118 462,804 155,062 6,284 37 118 385,904 144,757 1,672 Total Incoming Resources 624,305 624,305 532,339 Resources Expended Dlrert CharltablÈ: Staff salaries and Pension Rent and Utilities Stationery & Computer Consumables Children/Staff uniforms Repairs & Maintenance Premises costs Toys & Equipment Subscriptions 545,599 7,604 4,359 9,745 425 5,329 3,159 1,325 2,452 579,997 545,599 7,604 4,359 9.745 425 5,329 3.159 1,325 2,452 579,997 533,086 5,491 4,891 9,744 511 4,198 4.777 1,115 2,208 566,021 Management and administration: Accountancy and Bookkeeping Independent Examiner Fee Sundry Office costs Training Leg31 and Consulting Fees Insurance Bank Interest & Charges Loan Interest Depreciation Loan Write Off 3,927 1,200 528 3,927 1,200 528 3,997 1,200 528 278 2,365 2,050 2,276 120 820 680 332 332 871 465 2,864 123 702 630 4,226 15,868 871 465 2,864 123 702 630 4,226 15,868 14,314 Total Resources Expended 595,865 595,865 580,335 Net movement in funds 28,440 28,440 147,996) Balance b/fwd I September 2023 Balance clfwd at 31 August 2024 142,329) {13,8891 2.589 2,589 (39,740) (11,3001 8,256 139,7401 The notes on pages 8 to 10 form part of these accounts. Page 5
DAISY CHAINS PLAYGROUP INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Incoming Resources KCC Vouchers Fees Other Income Donations & Fundraising Total Incoming Resources 462,804 155,062 155 6,284 624,305 385,904 144,757 1,672 532,339 Resources Expended Direct Charitable: Staff salaries Rent & Utilities Stationery & Computer Consumables Children/Staff uniforms Repairs & Maintenance Premises costs Toys & Equipment Subscriptions 545,599 7,604 4,359 9,745 425 5,329 3,159 1,325 2,452 579,997 533,086 5,491 4,891 9,744 511 4,198 4,777 1,115 2,208 566,021 Management and administration: Accountancy and Bookkeeping Independent Examiner Fee Sundry Office Costs Training costs Legal & Consulting Fees Insurance Bank Interest & Charges Loan Interest Depreciation Loan Write Off 3,927 1,200 528 332 871 465 2,864 123 702 630 4,226 15,868 3,997 1,200 528 278 2,365 2,050 2,276 120 820 680 14,314 Total Resources Expended 595,865 580,335 Net movement in funds 28,440 147,9961 Balance b/fwd I September 2023 {39,740) 8,256 Balance c/fwd at 31 August 2024 111,300) 139,7401 Page 6
DAISY CHAINS PLAYGROUP BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2024 Other Unrestricted Restricted Total Total Fund Fund 2024 2023 Note Fixed Assets Buildings Office Equipment 322,411 322,411 423 322,411 641 423 423 322,411 322,834 323,052 Current Assets Funds held in Limited Company Other recievables Cash at Bank and in hand: 4,512 329 Current Account 5,012 21,196 26,208 2,589 7,601 21.196 28,797 8,648 112 Saver Account 2,589 13,601 Current Liabilities Creditors Total Liabilities within one year Net Current Assets 30,520 30,520 {4,3121 30.520 30,520 (1,723) 33.982 33,982 (20,381} 2,589 Liabilities falling due after one year Net Assets 10,000 10,000 20,000 (13,889) 325,000 311,111 282,671 Funds 113,8891 2,589 322,411 325,000 (11,300) 322,411 311,111 (39,740) 322,411 282,671 Revaluation Reserve ital Account 113,8891 The accounts were approved by the management committee on and signed on their behalf by:_ Trustee The notes on pages 8 to 10 form part of these accounts. Page 7
DAISY CHAINS PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 I. ACCOUNTING POLICIES Basis of Accounting The financial statements have been prepared in accordance with applicable accounting standards and Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{sl. The accounts have been prepared in accordance with the Statement of Recommend Practice for Charity accounts. The accounts are prepared in Pound Sterling, which is the functional currency of Daisy Chains Playgroup. Monetary amounts in these financial statements are rounded to the nearest £1. Daisy Chains Playgroup meets the definition of a public benefit entity under FRS 102. Income Voluntary income and donations are accounted for as received by the charity. Grant Income Grant income is accounted for as received by the charity. Fixed Assets The fixed assets are used for charitable purposes and are not held for investment gains. They are held at historical cost for property and cost less depreciation for all else. Value Added Tax Value Added Tax is not recoverable and as such is included in the relevant costs in the Statement of Financial Activities. Management and Administrative Expendlture The trustees consider that all expenditure relates directly to the charitable activities, except as detailed under management and administration. Expenditure Expenditure has been accounted for under the accruals concept. Page 8
DAISY CHAINS PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 2. TRUSTEES REMUNERATION During the year, three Trustees were paid remuneration for their work as follows; Gross Pay Pension 52,117 1,312 7,993 7,441 67,551 M Morley S Shaw P Crouch 1,312 3. EMPLOYEES The average number of persons employed by the charity during the year was 28 {2023: 32). 2024 2023 Staff Costs: Wages and salaries Social security costs Pension contributions 503,535 32,713 9,351 545,599 493,865 29,916 9,305 533,086 No emoluments (salaries, wages and benefits in kindl for any employee were over £60,000 during the year. 4. FIXED ASSETS Freehold Office Buildings Equipment 2024 Total Cost brought forward Additions Disposals 322,411 2,035 412 324,446 412 322,411 2,447 324,858 Depreciation brought forward Charge for the year Disposals 1,394 630 1.394 630 2,024 2.024 Net book value as at 31 August 2024 322,411 423 322,834 Net book value as at 31 August 2023 322,411 641 323.052 Page 9
DAISY CHAINS PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 5. CREDITORS 2024 2023 Falling due within one year Loans Trade Creditors Social Security & Other Taxes Other Creditors & Accruals 10,000 1,176 8,186 11,158 30.520 9,935 723 8,543 14,781 33,982 Falling due after more than one year Loans 10,000 20,000 6. RESTRICTED AND UNRESTRICTED FUNDS Unrestricted Funds The unrestricted funds can be applied for any purposes for which the charity was established. The balance of Unrestricted Funds at the year end was a deficit of £13,889. Restricted Funds Grants were received from Kent County Council for buildings and relevant refurbishment to provide a Pre-school Nursery Unit, Breakfast and After School club. The Grant was for £325,000 and was received in 2010. The balance of Restricted Funds at the year end was £2,589. Page 10
DAISY CHAINS PLAYGROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAISY CHAINS PLAYGROUP FOR THE YEAR ENDED 31 AUGUST 2024 I report on the accounts of Daisy Chains Playgroup for the year ended 31 August 2024, which are set out on the following pages. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's 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 examination is needed. It 15 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 14515)(b) of the 2011 Act; and to state whether particular matters have come to my attention. BASIS OF 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 limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a member of the ICAEW. In connection with my examination, no matter has come to my attention: 11) which gives me reasonable cause to believe that in any material respect the requirement5: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or {21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. (LL CLO ct associotBs 0) 795 A?8 928 sc90[ CrnJO er4rE]0 SèH charteied coUntants &Tox Consuttonls KHUSHVINDER SAGGU FCA. FMAAT. AATQB. BFP. Associates, Chartered Accountants, 3 Conqueror Court, Sittingbourne, Kent, MEIO 5BH. 30th July 2025 Page 4