ChaTity registration nunjbcr: 1037833 Youth Centre Playgroup (Lymington) kM)wn as Pennington Village Pre-school Annual Report and Finsnciai Statemems for the Yvdr Ended 31 May 2021 Westlake Clark Chartered Accountar 7 Lynwoixi CoLLrt Priesilands Place Lyn]inOn Hampshtre S0419GA
Yoyth Centre Pjavgroup (LymiDg¢on) known as P¢nniDgton Village Pre-school Contents Reference and Admityisirdtiye Deiails Tnjstees. Report 2to3 SIAiemeni of Tn]sk¢s' Responsibilities Independent EXlneS RerM)rt Statement of Financial Aciivilies Bal¢¢ Sh¢¢t Not¢s to th¢ Fijwicial SrotenKnts 8t013
Youth Centre Playgroup (Lymington) known 8$ Pennington Village Pre-school Reference Administralive Defxils Trnstee$ M5 K Horne Ms J Black s R Mcnzies -ms M Stride Principal Office Priesilattds Road Lymington H3nip5hir¢ S0418HX Charity Registration Number IOJ78J3 Independent Examlntr Ivesilikc Clark Chartered Account2ms 7 LynWd Court Prte5tlands Place Lymingion Hattlpshire S0419GA Page I
Youth Ceotre Plaigroup (Lymington) known Las Pennington Village Pre-S¢hool Trustees, Report The tnjstees p$¢1 th¢ &nUal rwrt tO8ether wtth the financial sial¢m¢nts of the chaTity foT th¢ y¢ar ¢nd¢d 31 May 2021. Objectives and activities ObJe£'ts ffnd The chariÈable object of the chartty is to enhartee the development and education of Childreii under statutory school age by encouraging parents to undersrand and provide for the netd5 of their children through ¢()Tntnunity groups. The tnLStees confirni ihai they have complied with the requirernents of Section 17 of the Charities Aa 201110 hav¢ du¢ r¢gJrd to th¢ publi¢ b¢nefii guidance published by ihe Charity Commissioll for England and WeS. Siruriur¢. governanee and management Nolure ofEoverning doeHMfteni The charity is (kov¢rned by its wnstityiion adopted on 16 Mar¢h 1994 and is a giSter¢d charity. numb¢r 10378i3. Finalleial instrumenis Objecllves Nndpollcles The charity's actiTrities expTrse it to a number of financial risks including Credit risk. cash flow risk and liqusdiry risk. The uge of financial deriatLves is governed by the chariry's tK)licies 8pproved bv the board of tNsiees, whiih provide written prin¢iples on the use of financial derivatives ¢0 manage these risks. Th¢ clthrity do¢s not use derivative fitjancial instruments for 5pttulativc purposes. Cushflow nsk The chariry's activities expose it primarÈly to the financial risk5 of Changes in foreign cenCY exchange rates and interest rates. The clwity uses foreign exchange for¥2rd contracts and interest rate Swap contracts to hedge thr ¢xposur¢s. Interc5t bearing assets and liabilities are held ai fixed rate lo cn5ll certainty of cash flows. Credii rislt The Charl s principa] financial assets are bank balances and cash. tnde and other rt¢eivables. aiid investmcnts. The chariry's credit risk is pr2marily attributable lo its Irade receEvables. Tjie amounts presentcd in the bal8nee sheet are net of allOanL¢S for doiibrful re¢eivables. allowdnce ftkr impair7nent 15 made where there is an idenlified loss evpnt which. bd on previous experience, is evidence of a reduaion in the r¢wv¢rability of the tasl) tlows. The credti risk on liquid funds and dcrivativ¢ financial in5trntntEJts i5 limited because the cOunteartIeS ar¢ banks wilh high credit-ratings &s5iglltd by international credit-raiing agencies. The cliarity has no signifiLant conc¢ntra¢ion of ¢r¢dit risk, %vith exposure spread over a large nuniber of count¢rp¥rties and cusiomtrs. Page 2
Youth C¢ntre Pla)'group ILymington) knowl) as Pennington Village Pre-school Tru5t¢es' Report The annual report W&8 approved by the iwstees of the chaTity on 29 March 2022 and signed on its bchalf by.. Ms R.ene5 Trustee P4oe 3
Youth Centre Playgroup (LymingioD) as Pennington Village Pre-school Stalement of Tru51ee5' RespoDsibilities The tru5tee5 aTC re5pon5ible for prepariTrg the trustees, report and the financial statements in accordance with the United Kingdom Aecouniin8 Standards IUnii¢d Kingdom Generdlly 4ccepied Accountin8 Prdciicel and applicable law and ff8ula(ions. The law appli¢able to ¢harill¢S reqiiires the trustees io prepa financi Sthl¢ments for each fit)an¢ial year which give a Irue and fair view of the stale of affairs of the charity arbd of ihe incomin8 resources and appli¢aiion of resources of the Lhariiy for thai period. In preparing these fit)ancial sthiements. the tNste¢s are required to.. 5¢1ect 511itable Hcrounting policiE5 and then apply them consislently- observe the meihods and principles in the Charitte$ SORP. make judgements and estimaies that ar¢ reasonable and Prudent., state whether applic8ble accounting standards have been followed. subject to any nterial departures disclosed and explained in the financial stalenients. and prep4ire ihe financtal Maiements on the going concern basis unless it is inappYopri*e to presume that the charzty will ¢otJtioue in business. The trustees are rcsponsible f keeping propu a¢¢ounting r¢cord$ that disclos¢ with r¢8sonabl¢ ar¢uwy at an) time the finan¢ial wsilion of ihe ¢hariry and enable ihein 10 ensure ihai Ilie financial staiemeiits wmply M'ith the Chariiies A¢t 2011, the appli¢able Chatiiies IA¢¢ounts and Reports) Reuulations, and ihe provisions of the constiturion. The trnstees are also Tesp)nsibl¢ for safeguardin the a5s¢ts of the charity and hence for taking reasonable sieps for the preveniion and det¥Ytion of fraud and other irregularities. Approved by thc Irust¢C5 of th¢ charity on 29 MarEh 2022 and signed on its behalf by.. Ms R tLeS Tiustee
Youth Centre Plavgroup (Lymington) known as PenDington Village Pre-school Independent Examiner's Report to the trustees of Youth Centre Playgroup (Lymington) I report to the charlry tnL5te¢5 on my examTnation of the acrouTts of the charity for the year ended 31 May ?021 whsch set out on pages 6 10 13. Re$peeti¥e responsibilities of trnsteos nd examlner As the charity's trusiett of Youth cent Playgioup ILymingtonl you are responsible for th¢ preparation of ihe acwunts in CordanCe with the requirements of th¢ Charilies Act 2011 I'the Act,). l Irt 51) TespecÈ of rny exatnination of the Youth Centre Playgroup ILyrnington)'s accounts carried out under scction 145 of the 2011 Act and in wrying out my examinlts I have followa all thc applicablc DireGtLOnS given by the Ch3riry Comiiiigsion under se¢iion 14515Mbl of Ihe Acr. Independent examiner's stattmellt I have completed my" examination. I wnfimi that no material matteFS have come to my ortention in connertion with the examination giving me cause believe tbai irt ally material rcspcct: l. accoiiniing records were not kept in rewt of Youth CenThr PlayOup ILymingtonl as wuired bv 5CCtio 130 of the Aci,. Or 2. the 8ceount5 do not ac£ord with tknse records" or 3. The a¢¢ouDiS do not comply with Ihe accounting requirements concerning the foFm atEd content of accounts set oul in rh¢ Charities IAc¢ounts and Rcportsl R¢gulations ?008 other thali any requirernent that th¢ accounts give a 'true and fair view, which is not a matter constdered as part of an independeni examination. I have no concErnS ttnd have cotne acr055 no other matters in coftneclion with the examination to which gtt¢niion Should be dra% in this report in order enable a proper understanding of the aetounts io be reached. Rosemary P¢nn N¢wman MBA FCA CF 7 Lviiwood Court Pr¢silands Plac¢ Lyniington Hampshsre S0419GA 29 March ?022 Pag¢ 5
Youth Centre Playgroup (Lymington) known as Pennington Village Pre-school Statement of Financial A¢fivities for the Year Ended 31 May 2021 Total 2021 Totsl 2020 Unrestrleted Noie Income and Endowments from: charitle aeiivilies 156.462 156.462 91,861 Inveslment inwme Other income 46 Toial incom¢ 156.553 156,554 91.909 V.YptTEilittsre oll: Charitable a¢tiviiies her exp¢fjdilure {140,1131 19601 1140.1131 19601 (104210) Toiai expenditure (141.Q731 1141.0731 11042101 ei mov¢meni in fvnds 15.480 15,480 (12,3011 Reconcilixtioo of Toial funds brought fon¥ard 42.521 42,521 54.82? Toial tunds ca¥ried forward 58.001 58,001 42.521 All of the charity's aeiivities derÈve from continuin8 operntions during the above two periods. The funds breakdown for 2020 is shown in note I l. Page 6
Youth Centre Pla)'group (LYlgtoll) known a5 Pennington Village Pre-school (Registration number.. 1037833) Balanee Sheet as at 31 May 2021 2021 21120 Note Current assets Cash aÈ bank and in hand 58.961 42.521 Creditors: Amottnts fallig d¢ wilbin otte vur io 19601 Net assets 58.001 42,521 Funds of the ¢harlty: Unre$tricled income fvnds Unrestricted funds 58,001 42,521 Total funds 58.001 42.521 The fiiiancial 5taiements on pa8tt 6 to 13 re approved by th¢ trustees. and authorised for issue on 29 March 2022 ]d sign¢d ots th¢ir bchojf by.. Ms R N.1tie$ Twstee Page 7
Youth Centre Playgroup Wymington) as Pennington Village Pre-S¢hool Notes to Ihe Financial Statements for the Year Ended 31 May 2021 l Accounting policies Statement of compiinee -The fiiiancial staiemenrs have been prepared in accordance with Accounting aiid Reporning by C.harities'. Stat¢rnent of Recommended Pn¢ri¢¢ appli¢abl¢ io Charities pParIng their accovnts in accordalice with the Financial Rep)rting Standard appliLxble in the UK and Repllbli¢ of Ir¢land IFRS 1021 {effectiv¢ l Jani 20191 _ (Charities SORP (FRS 10211, Ihe Financial RepLMing Srdndard applicable in the Uk 8nd Republic of Ireland IFRS 1021 and the Charities Art 2011. Basis of prepAr&tion Youth Centre Playgroup (Lymington) meds Ibe deflnilion of a public benefit entii), under FRS 102. As5eis and liabilities are initially recognised at historical cost or tt2iisaction valu¢ unless othtnvise staled in tlje relevant ac£ounting l1¢Y notes. Eiemption from preparing a tash Ilow $¢•tsmtnt The charjtv Opled to early adopt Bulletitt I published ? Febrnary 2016 and Iwe therefote not included a cash flow 5tstement in these financial statements. Going ¢onterD The iwstees consider th there are no rnateritl uncerfainties allt the charity's abiltty w continue as a goin8 Gotlcern. Exndi¢vre All expenditure is recognised once ihete is a legal or COTLStructive obligation to that expenditure, it is probable settletnent is required and the amount can be measured reliably. All costs are allocated TO the applicable exp¢nditt]re lieading ihai aggregaie similar c0515 to that category. Whcre costs canrH>t be directl!. attributed to particular headings they have been allocated on a basis wnsistent wilh the use of resources. Wlth centrdl staff C051s allocated on th¢ basis of lime spenL and dep¥e¢iatioll Chavges allornied or] the portion of th¢ ass¢i's us¢. Other support cosis are all(uted based the spread of staff costs. Chariliible uclivilies Charitable expendilure ¢omprises ¢hose costs incutTed by the charity" in the delivery of its activities and services for its beneficiaries. It includes both costs can be allocated directly to such activities and ihose ctssts of a indirect tsatur¢ nc¢e55ary ro supw)rt thern. Support costs Suppon cosi$ include ctniral fvnciioNs and have been allocaEed to activiry cosi categories on a ba515 C011515teiit with the use of resou¢5, for ¢xampl¢. allocating property by floor are&s, or per capiiL staff cosis by the titne speffl 8n<l oiher sts by their ILWe.
Yollth Centr¢ Pla)group (Lymington) known as Pennington Village Pre-school Not&8 to the Fillan¢ial Slg¢ement$ for the Year Ended 31 May 2021 TATltlon The chariry is considered io pass the tests set out in Paragraph I Schedule 6 of thc Fiiiwice Act 2010 and therefore it Tn¢ets the defmition of 2 charit&ble company for UK Co[ratiOn taK purposes. Accordiiigly, the chariiy is poienlially exempt taxation in re5Pert of incorne or capital ¥ains rEceivd within careuories covered by Chapter i Part I l of the Corp)¥ation Tax Aa 2010 or Section 256 of the TatIon of Chargeable Cairb5 Act 1992. to the exteni ihat 5ueh inwm¢ or gains are appli¢d exclusively to charitabl¢ pyrpoKs. C4sh #nd cash tqiiiv4leDts Cash and cash equivalents cornprÉse cash on hwjd and call dep05iis. and otlitr sliort-terni highly liqllid ifiveslnieiitS thai are readily convertible to a knoi%m amount of cash 2nd ¥e subject to an instgnific2nt risk of change in Yaiue. Fund Strueture Unrestricied income funds are gefternl funds that are available for use at the trustets's discretion in furtherance of the objefflive5 of th¢ ehariry. 2 Income from ¢barltable actlvlties UorHtriet¢d Toial 2021 Tot1 2020 GeDer*l Fees from parentslcarers Grants Funding Vouchers from parents Fundraising 9,794 3.128 140.929 9.794 9,594 140,929 81,402 i38 865 1 £6.46? 156,462 91,861 3 Investment lTrcom¢ Vurestrittcd funds Gtnenl Totsl 2021 Total 21120 Interest Ctlyable and ssmilar illCOTll¢- Int¢r¢sl re¢¢ivable on bank deposits P4Y9
Youth Celltre Plavgroup (Lymington) known as Pennington Village Pre-school Notes to the Financial StAtements for the Yexr Ended 31 May 2021 4 Other in¢omt Unre5tTiCt Totwl 2021 Tot81 20211 Genernl Other income 90
Youth Celltre Playgroup (Lymington) known as PenniDgton Village Pre-S¢hool Nol¢$ to the Finall¢ial Statements for the Year Ended 31 Ma). 2021 5 EXnditre on ch•ritxble x¢tiTrili¢s UMrestri¢ted fund5 Gtfjtral Totsi 2021 Salari¢s Reni Premises costs M¢cting costs Eqllipinent Office costs Other payments 103,345 17.415 6.831 190 2.235 103,345 17.415 6.831 190 2,235 6.123 3,974 140,113 140,113 6 Other tApenditure UnTtrIcted funds G¢Der41 Total 2021 Alloc*ed sllpport C05t$ 960 960 960 960 7 Tru$tees remuneratioll and expenses No trustees, thor any persoiis ¢onnecied with them. have received any remunerdtion from the charity during the y¢ar. No misiets hav¢ received any reimbursed expe%¢5 or &TLy other benefits from th¢ charity during the yvar. 8 Staff ¢o$ts The a88r¢gate payroll c05t5 were L5 follows.. 2(121 2020 Stgff t05ts during the year were: Wa8es and salaries 103.345 78.537 No ¢mploye¢ T¢¢¢ived cmolum¢nlS ofmore than £60.(KIO during the year Pe 11
Youth CeDtre Playgroup (Lymington) known as Pennington Village Pre-school Notes to the Financial Statements for the Year Ended 31 May 2021 9 Taxat70n The charity is a register¢d Charity #nd is ther¢fore exempt fmm tsxation. 10 Cr¢ditors: *mounts falling due wlihln ont yur 2021 Acerllal$ 960 11 Funds Bllgnce at I June 2020 lucoming Resources expellded Balance 31 May 2021 Uryrestricttd fun¢b GeM¢r&l General 42.521 156.551 1141,0731 58,IK)I Balance at I Junt 2019 Incoming rewurtes RtSOUrtes expefjded Balance at 31 May 2020 Un¥¢strlcted funds Gertertsl Geer21 54,822 91.909 {104.210) 42.521 12 Analy5É5 ofnet 3S5ets betweett funds vmin¢t¢d fund$ GMer41 Total funds 2021 Current ass¢ls Current liabilities 58,961 {9601 58,961 19601 Total net assets 58.001 58.001 Unresiritt¢d funds GeDerAI Total funds 2020 CurrenE assets 42,521 Page 12
Youlh Ceatre Playgroup (Lymington) known as Pennington Village Pre-school Lyotes to the Financial Statements for the Year Ended 31 May 2021 13 An*lyiis of net At l June 21120 sh l]oM's -4t 31 2021 Cash at bank and in hand 42,521 16.440 58.961 Net debt 42.5?1 16.440 58,961 Page 13