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/