2021-08-31-accounts

Registered Charity Number: 1040317

LADYBIRDS PRE SCHOOL PLAYGROUP

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31st August 2021

Ladybirds Pre School Playgroup Report and financial statements for the year ended 31[st] August 2021

CONTENTS

	Page
Legal Information	2
Trustees’ Report	3-4
Independent Examiner	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8-9

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Ladybirds Pre School Playgroup

LEGAL INFORMATION

Registered Charity Number	1040317
Office Address	Ticehurst and Flimwell CEP School
	Steellands Rise
	Ticehurst
	East Sussex
	TN5 7DH
Chair	Mrs Lisa Hobby
Manager	Mrs Alison Mary Grinham
Bankers	National Westminster Bank PLC
	130 High Street
	Tonbridge
	Kent
Independent Examiner	Susan Wilson FCCA
	117 Heath Way
	Northumberland Heath
	Erith, Kent, DA8 3LZ

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Ladybirds Pre School Playgroup

REPORT OF THE TRUSTEES for the year ended 31[st] August 2021

Objects, Organisation and Activities

Ladybirds aim is to enhance the education of children below compulsory school age in the Parish of Ticehurst by providing safe and satisfying group play in which the parents have the right to take part and by encouraging other activities through which parents may help their children. This is accomplished by offering affordable quality childcare and education in conjunction with other professionals.

Trustees’ Responsibilities

Ladybirds Pre School (or Ladybirds Playgroup (Ticehurst)) is governed by a Board of Trustees. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The charity’s Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to Public Benefit guidance published by the Charity Commission.

Structure, Governance and Management

The committee shall consist of 3 officers (Chairman, Secretary and Treasurer) and not less than 4 nor more than 9 other elected members, not more than 3 members co-opted by the committee. At least half of the committee at the time of election must be parents or guardians of children attending Ladybirds. The officers and members shall be elected for one year at the AGM.

The following Trustees served from 1 September 2020 until the date of this report, unless otherwise stated:

Lisa Bernadette Hobby - Chair (resigned Jan 22) Karen Jane Marr – Treasurer – (Acting Chair from Jan 22) Alison Bissett - Secretary Charis Sawatzky Tracey Pecover Kate Warlow – (Acting Treasurer from Jan 22) Samantha Rabson Marcella Chambers Michelle Payne Chloe Bridger

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Ladybirds Pre School Playgroup

REPORT OF THE TRUSTEES for the year ended 31[st] August 2021

Review of activities

Review of Activities Financial Year Ending 31[st] August 2021

Financial Review

Total incoming resources for the year were £390543 (2020 - £286408). Resources expended were £ 369924 (2020 - £234843), resulting in a net surplus of £20619 (2020 £51565). At 31[st] August 2021 the charity had net current assets of £ 111729 (2020 - £83155) including cash of £ 86138 (2020 – £64572).

Reserves Policy

The Trustees have considered the reserves required to operate the charity and have concluded that it would be prudent to maintain unrestricted funds at a level sufficient to cover four months’ normal income and to provide funds for statutory compensation payments in the event of the charity closing. The Trustees consider that the level of unrestricted funds as at 31[st] August 2021 meets this objective.

Risk Assessment

The Trustees have assessed the risks to which the charity is exposed and have put in place measures and controls to mitigate the effects of such risks on the finances and general operation of the organisation.

This report was approved by the Trustees on 28[th] June 2022 and signed on their behalf:

Mrs K Marr Trustee

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Ladybirds Pre School Playgroup

Independent Examiner’s Report

Report of the Independent Examiner to the Trustees on the Accounts of the Charity for the year ended 31[st] August 2021

I report on the financial statements of the charity on pages 7 to 9 which have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England and Wales, effective April 2005, revised in June 2008, under historical cost convention and the accounting policies set out on page 8.

Respective responsibilities of Trustees and Examiner

As described on page 3, the charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the charity is exempt from an audit under the Companies Act 2006. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.

My responsibility is to review accounts upon the basis of the information supplied to me.

No Statement of Opinion

I have not carried out any audit procedures and have relied upon the information supplied to me by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit test or enquires, and consequently I do not express an audit or other assurance opinion on the view given by the accounts.

Susan Wilson FCCA 117 Heath Way Northumberland Heath Erith Kent DA8 3LZ

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Ladybirds Pre School Playgroup

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st August 2021

The net incoming resources reflect the results of continuing activities for the year.

There were no recognised gains or losses other than those recorded in the Statement of Financial Activities.

No tes Incoming resources Grants, Donations and similar incoming resources o ESCC – Inclusion o C-19 Job Ret Sch Grant o Brighton Uni EYITT o ESCC Covid-19 o News and Views o DAF Payment Income from charitable activities Playgroup Fees 2 Income from activities to generate funds Bank interest Fundraising events Other Income Other Income Total incoming resources Costs of raising funds Charitable expenditure 3 Governance costs 4 Total resources expended Net income for the year Funds at the start of the year Funds at the end of the year	Restricted Funds £ 4489 65225 14000 1230 84944 70944 70944 14000 0 14000	Unrestricted Funds £ 17153 288373 43 9 0 21 305599 0 284360 620 284980 6619 80909 87528	Total 2021 4489 65225 14000 17153 0 1230 288373 43 9 0 21 390543 0 369304 620 369924 20619 80909 101528	Total 2020 £ 3713 48189 0 10000 500 0 223964 0 42 0 0
				286408 0 231462 3381
				234843
				51565 29344
				80909

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Ladybirds Pre School Playgroup

BALANCE SHEET AS AT 31st August 2021

Notes Current Assets Debtors 6 Current account (incl Petty cash) Reserve Accounts Prepaid Expense Total Current Assets Creditors 7 Total Assets Less Current Liabilities Funds Restricted funds 8 Unrestricted funds	2021 2020 £ £ £ £ 25371 18383 11472 -7147 74666 71719 86138 64572 220 220 111729 83155 (10201) (2246) 101528 80909 14000 0 87528 80909 101528 80909	2021 2020 £ £ £ £ 25371 18383 11472 -7147 74666 71719 86138 64572 220 220 111729 83155 (10201) (2246) 101528 80909 14000 0 87528 80909 101528 80909
		83155
		(2246) 80909
		0 80909
		80909

The notes on pages 8 and 9 form part of these financial statements

These financial statements were approved by the Trustees on 28[th] June 2022 and signed on their behalf.

Mrs K Marr Trustee

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Ladybirds Pre School Playgroup NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st August 2021

1. Accounting policies

The principal accounting policies which are adopted in the preparation of the financial statements are set out below.

(a) Basis of Accounting

The accounts for the year ended 31st August 2021 have been prepared under the historical cost convention and in accordance with applicable accounting standards and comply with the current Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (the Charities SORP) issued in March 2005.

(b) Funds

Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives of the charity.

Restricted funds are those funds which arise from grants and donations which have been given for a particular purpose.

(c) Expenditure

Costs of generating funds include costs directly attributable to raising income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the cost of external scrutiny and costs linked to the strategic management of the charity.

(d) Tangible Fixed Assets

The charity holds no tangible fixed assets. The cost of equipment and other items purchased for use by the charity is charged to the revenue account in the period in which it is purchased.

2. Incoming resources

Playgroup fees include statutory grants for nursery education, these amount to £150651 (2020: £165576) for those children who meet the qualifying criteria.

3. Charitable Expenditure

	Restricted	Unrestricted	Total	Total
	Funds	Funds	2021	2020
	£	£	£	£
Staffing	70944	258746	329690	204781
Catering		4271	4271	4374
Other staff costs		3083	3083	719
Equipment and materials		11350	11350	4895
Rent		12017	12017	12017
Telephone		910	910	599
Stationery and office equipment		1892	1892	247
Premises costs		4160	4160	2567
Insurance		984	984	895
Miscellaneous expenditure		-1	-1	43
Subscriptions & software		948	948	325
	70944	298360	369304	231462

4. Governance costs

Legal expenses Independent Accountant’s Fee	2021 £ 220 400 620	2020 £ 2981 400
		3381

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Ladybirds Pre School Playgroup

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31st August 2021

5. Remuneration

No remuneration is paid to any Trustee for acting as a Trustee. Ladybirds Nursery and Preschool Ltd receives payment for providing agreed services to the charity. Alison Grinham, Manager, is a Director of Ladybirds Nursery and Preschool Ltd.

6. Debtors

**btors **
Trade debtors HMRC CJRS	2021 £ 22195 3176 25371	2020 £ 10286 8077
		18363

7. Creditors

**editors **
Trade Creditors Accruals HMRC PAYE	2021 £ 4864 800 4537 10201	2020 £ 1846 400 0
		2246

8. Movement in Restricted Funds

	Funds at	Incoming	Resources	Resources	Funds at
	31st August	Resources	Expended	Transferred	31st August
	2020				2021
Restricted Funds	£	£	£	£	£
Staffing	0	84944	70944	0	14000
Equipment and materials	0	0	0	0	0

Details of Incoming Restricted Funds:

ESCC Inclusion grant £4489 Covid-19 Job retention Scheme £65225 Brighton Uni EYITT Bursary £14000 Disability Access Fund £1230

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