PANGBOURNE VALLEY PLAYGROUP Charlty Registered Number - 1039967 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 Page I PANGBOURNE VALLEY PLAYGROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 INDEX Pa Statement of Financial Activities Balance Sheet Independent Examiners, Report Page 2 PANGBOURNE VALLEY PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022 2022 2021 In¢ome Fees Grants Specific grants CJRS grant Donations Net fundrolslng Bank interest Other Sncome 35,808 47,128 41.115 14,454 18,929 15,721 4,020 302 5,711 98 6,rJ)6 iio 130,245 59.247 Exp•ndltur• Wa8es and NIC Tralnin8 Staff uniforms Membership and re8lstratlons Milk and food Business rates & water Li8htin8 and heatin8 Cleanln8 Insurance Admln costs Sundry expenses Repalrs and malntenance IT costs Equipment, toys and consumables Printlng. postage and statlonery Telephone and internet Advertlsing Building and Barden depreclation 66.877 725 296 1.070 39,360 450 450 171 58 272 836 1.575 288 40S 3.358 226 916 297 366 S07 1,553 393 176 339 221 529 63 755 1361 817 43 177,2181 145.S94 Net Profft 53,027 13.653 Pa8e 3 PAIIGBOURNE VALL￿ PLAYGROUP BALANCE SHEET ASAT 31ST AUGUST 2022 T•n￿ble fixed asJ•ts Pulldin8 at C05t Accumuloted depreclatlon 42.((#) 42,fKIII 42,( 42 Nrfel fjarden area and equlpment Ac¢umulared depreciation 53.964 13.920 13,92 Note I 53.964 Toys and equlpment al￿# AccumulatEd t1epreth4t￿n Now2 Debtors B•nk Petty cash 22m4 69,520 2324 63.716 92,440 66.1 Currqntll•blllll Cr•dltCfS Accru8Is- wa￿5 19.216 4.140 35,424 N•tcurMrt411• S7 N•1 •wls I￿.9 5Y.gS3 ft•Mrv•• Urtrtstrlcted 8tn¢ral fund brouiht lorw•Td lusllDefk¢ltl for thE Vtar $6,403 53.027 109,430 1,550 42,750 56.403 1,550 Bulldln8r•-In51atement 110.9 57.953 Note I Note 2 Bulldlnl andiirden depretl•ted (PrtrI￿ rwnalnlr4 tem of Ihe *•x. Toys and equlpmeni depreclated at 25%. Pa8e4 (HARITY (OMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tho trusteesl members of Pangboume Valley Playgroup On accounts for th8 yoar ended 31 August 2022 Charbty no (if any) 1039967 Set out on page8 14 I rèport to the trustees on my examination of the accounts of the above charity {'the Trust") for the year ended 3110812022. Re8ponslblltles and ba$ls of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts Garned out under section 145 of the 2011 Act and in carying out my exafflination, I have foll¢)wed all the applicable Directions given by the Charity Commission under sedion 145{5){b) of Ihe Act. Independent I have completed my examination. I confimi that no material matters have examiner's ststsment come to my attention in connection with the examination which gives me ause to believe that in, any material respect.. the accounting records vlere not kept in accordance with section 130 of the Charrties Act.. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements Conceming the fom and content of a¢¢ounls set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts give a Irue and fair, View which is not a matter considered as part of an independenl examination. I have no concems and have come across no other matters in connection with the examination to vthich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Date". 2810612023 Name: Sarah Tram Relevant professlonal qualification{s} or body (if anyl: ICAEW Address: 33 Beech Road Purley on Thames, Reading RG8 8DR IER Oct 2018 ## **Pangbourne Valley Playgroup Trustees’ Annual Report 2021-2022** ## **Reference and Administration Details** Pangbourne Valley Playgroup (PVPG) Kennedy Drive, Pangbourne, Berkshire RG8 7LB Tel: 0118 984 1661 enquiries@pvpg.org.uk ## **Registered Charity number: 1039967** **Charity trustees responsible for managing PVPG during and since the end of the financial year.** - Rebecca Farr Chairperson - Maebh Booth Treasurer - Jenny Kok Secretary – Appointed 23/11/2022 - Rachel Dwyer General Committee Member - Francesca Downey General Committee Member - Daryl Wardle General Committee Member – Appointed 01/03/2023 - Sam Saunders - General Committee Member – Appointed 01/03/2023 - Carly Jackson Resigned 23/11/2022 - Olwen Grant Resigned 23/11/2022  Rebecca Durham Resigned 23/11/2022 Senior Staff member : Emma Carney (Manager) Other information Ofsted Registration 110733 Data Protection PZ933890X Pre-school Learning Alliance (Membership No 7224) The Fitzpatrick Building T. 020 7697 2500 188 York Way F. 020 7700 0319 London N7 9AD E. Info@pre-school.org.uk ## **Structure Governance and Management** The playgroup is “owned” by the families that use it. There are usually around 40 to 50 family members – the parents or guardians of all children who attend PVPG. Enrollments were heavily impacted by COVID-19, but the fantastic turnaround seen last year has continued. We now have 43 families on the book, and a solid roster for September. PVPG’s constitution is a standard Pre-school Learning Alliance pre-school constitution. PVPG is run on a day-to-day basis by a team of staff including the Manager. Whilst the Manager is directly responsible for organising the staff, the PVPG Committee is in fact the employer for staff. Responsibilities for wages, job profiles and contracts fall to the committee. The Management Committee members and senior staff undertake the recruitment of the staff jointly. Committee members act as trustees for the charity and are appointed annually at the Annual General Meeting held each Autumn term. The AGM this year was held on November 23[rd] 2022. The majority of the committee are parent volunteers. PVPG operates in a purpose-built building in the grounds of Pangbourne Primary schools. ## **Objectives and Activities** Our objective continues to be to enhance the development and education of children under statutory school age. We have always aimed to offer local children aged 2 to 5 the chance to play, learn and develop through a wide range of activities and social experiences in a safe and happy environment. During term time PVPG provides sessions from 7.30am until 3.15pm Monday to Friday. This is an extension to previous hours and was trialed from January 2023 offering an ad-hoc breakfast club to parents who need extended hours. This is in its early days but is proving successful, allowing families who would otherwise leave playgroup to continue. The sessions are funded by a combination of government grants and parent’s fees. ## **Achievements and Performance** ## **Staffing** In July 2022 we promoted Emma Carney to Manager, having been acting manager since the departure of our previous manager in November 2021. Emma has done a fantastic job since her promotion and continues to push the playgroup forward. This is clearly seen in the Ofsted inspection that took place in March 2023, where the playgroup was awarded a “GOOD” result. As of June 2023, we have 7 staff members. We are looking for additional staff members for September 2023. We started the financial year with 22 children and ended the financial year with 38 children on the books, and are now offering adhoc breakfast club for children who need it from 7.30am, and are also trialling a summer club in July and August. Our practice is constantly evolving in line with best practice and to reflect the children attending at any particular time. The playgroup continues to operate within the staff/children ratios as set down by Ofsted. Regular parent/staff meetings continue as previously and offer an excellent chance for parents to be involved in their child’s early years care and development. ## **Financial Review Including Fundraising – see annual accounts** In the year from 1 September 2021 to 31 August 2022, the playgroup made a profit of £53,027 compared with a profit of £13,653 in 2020/2021. The bulk of this profit was from fundraising efforts to install a new garden experience adding in sensory equipment and giving the children more space to utilize the outside environment which was installed in August 2022. The cost of this playground will be spread over 5 years starting from 2022/2023 financial year. ## **Fees and Grant Income** Income from both fees and grants totalled £130,245 an increase from £59,247 in 2020/2021 and £56,117 in 2019/2020. While a sizeable amount of these grants was specific to the garden project, overall the income more reflects pre-covid years indicating that we are back to growth. Income was £68,652 in 2018/2019 and £83,096 in 2017/2018 respectively. We received the following grants for our garden work; - £2450 from the Co-op - £3000 from the Pangbourne Council - £11000 from Greenham trust We received £500 from the freemasons for our IT equipment and we raised over £6000 locally for our garden. ## **Fundraising Report** Fundraising in 2021/2022 raised a total of £6,006 closely matching last year’s return, which is much higher than previous years. The concentrated effort for our outdoor garden project attracted a huge amount of support from the village over the last 2 years. The committee recognises that as our income has declined, and costs have increased fundraising becomes ever more important for the charity and are being actively addressed by using new initiatives to raise much needed money for the charity. The main fundraising events were: - RaceNight- £1,422 - Easyfundraising - £645 - West Berkshire Lottery – £345 - Fund matching on the good exchange of which £2,647 was paid out in this financial year. l)cel*r4tlibn 'IIIL Iruslccs dcclare that Ihcy have approvd ihe IEU51ec's [c￿rt aiK)vc. %iyned on I￿haIr of ihe ¢hwity's ¢nL%te¢s Jcnny Kthk .%e¢¥¢t•ry 20 l.iill Name Maehh Ilooth Tr¢a*urer l)alL' - I l8ntti￿re