Charity registration number: 1047898
Blundellsands Kindergarten Playgroup
Annual Report and Financial Statements
for the Year Ended 31 August 2022
Blundellsands Kindergarten Playgroup
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustee' Report | 2 to 3 |
| Statement of Trustee' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
Blundellsands Kindergarten Playgroup
Reference and Administrative Details
Trustee Blundellsands Kindergarten Ltd Charity Registration Number 1047898 Principal Office Blundellsands Road West Blundellsands Liverpool L23 6TF Independent Examiner Stubbs Parkin Limited Chartered Accountants 55 Hoghton Street Southport PR9 0PG
Page 1
Blundellsands Kindergarten Playgroup
Trustee' Report
The members presents the annual report together with the financial statements of the charity for the year ended 31 August 2022.
Objectives and activities
Objects and aims
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.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
Policy on reserves
The Trustees have not yet set a formal reserves policy but are mindful of the need to maintain reserves at an adequate level to safeguard the viability of the charity in the event of a downturn in income.
Principal funding sources
The charity's income is derived from two main sources - fees from parents and guardians and grants from Sefton MBC.
Structure, governance and management
Nature of governing document
The Charity's governing document is the PPAS Play Group Constitution 2011. The Charity is also regulated by Ofsted.
The Charity is registered with the Charity Commission with the registered charity number 1047898.
Organisational structure
The corporate trustee Blundellsands Kindergarten Limited was appointed on 25 March 2021 and consists of:
An elected Chairperson, Secretary and Kindergarten Manager.
There is the formation of a parent's hub where parents can become involved in the day to day running of the kindergarten.
Financial instruments
Cash flow risk
During the year the Trustees analysed and reviewed the main risks faced by the charity and ensured that procedures were in place to address these. The chief concern was financial stability which is being monitored and addressed.
Page 2
Blundellsands Kindergarten Playgroup
Trustee' Report (continued)
Funds held as custodian trustee on behalf of others
The title to leasehold property acquired by the Kindergarten is vested in holding trustees. Blundellsands Kindergarten Limited acts as holding trustee for the charity.
The annual report was approved by the member of the charity on .................... and signed on its behalf by:
......................................... Blundellsands Kindergarten Ltd Trustee
Page 3
Blundellsands Kindergarten Playgroup
Statement of Trustee' Responsibilities
The trustee is responsible for preparing the trustee' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustee 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the member is required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The member is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The member is 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 trustee is responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the member of the charity on .................... and signed on its behalf by:
......................................... Blundellsands Kindergarten Ltd Trustee
Page 4
Blundellsands Kindergarten Playgroup
Independent Examiner's Report to the trustee of Blundellsands Kindergarten Playgroup
I report to the trustee on my examination of the accounts of Blundellsands Kindergarten Playgroup for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustee of Blundellsands Kindergarten Playgroup 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 Blundellsands Kindergarten Playgroup's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Blundellsands Kindergarten Playgroup as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Katharine Thompson FCA Chartered Accountants Stubbs Parkin Limited
55 Hoghton Street Southport PR9 0PG
10 May 2023
Page 5
Blundellsands Kindergarten Playgroup
Statement of Financial Activities for the Year Ended 31 August 2022
| Note Income and Endowments from: Other income Total income Expenditure on: Charitable activities Other expenditure 4 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 Note Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Charitable activities Other expenditure 4 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 190,289 190,289 (192,507) (31,270) (223,777) (33,488) (33,488) 241,330 207,842 Unrestricted funds £ 13,957 185,128 199,085 (196,585) (11,896) (208,481) (9,396) (9,396) 250,726 241,330 |
Total 2022 £ 190,289 |
|---|---|---|
| 190,289 | ||
| (192,507) (31,270) |
||
| (223,777) | ||
| (33,488) | ||
| (33,488) 241,330 |
||
| 207,842 | ||
| Total 2021 £ 13,957 185,128 |
||
| 199,085 | ||
| (196,585) (11,896) |
||
| (208,481) | ||
| (9,396) | ||
| (9,396) 250,726 |
||
| 241,330 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 15.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
Blundellsands Kindergarten Playgroup
(Registration number: 1047898) Balance Sheet as at 31 August 2022
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 15 |
2022 £ 174,971 3,323 58,475 61,798 (28,927) 32,871 207,842 207,842 207,842 |
2021 £ 190,849 1,693 79,655 |
|---|---|---|
| 81,348 (30,867) |
||
| 50,481 | ||
| 241,330 | ||
| 241,330 | ||
| 241,330 |
The financial statements on pages 6 to 14 were approved by the , and authorised for issue on .................... and signed on behalf by:
.........................................
Blundellsands Kindergarten Ltd Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Blundellsands Kindergarten Playgroup meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 8
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. 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
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the objectives of the charity.
2 Income from donations and legacies
| Total for 2022 Total for 2021 3 Other income Fees and supplies Total for 2022 Total for 2021 |
Unrestricted funds General £ - 13,957 Unrestricted funds General £ 190,289 190,289 185,128 |
Total funds £ - |
|---|---|---|
| 13,957 | ||
| Total funds £ 190,289 |
||
| 190,289 | ||
| 185,128 |
- 4 Other expenditure
Page 10
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
| Note Legal and professional fees Depreciation, amortisation and other similar costs Total for 2022 Total for 2021 |
Unrestricted funds General £ 1,153 30,117 31,270 11,896 |
Total funds £ 1,153 30,117 |
|---|---|---|
| 31,270 | ||
| 11,896 |
5 Analysis of governance and support costs
Governance costs
| Independent examiner fees Other fees paid to examiners Total for 2022 Total for 2021 |
Unrestricted funds General £ 1,818 1,818 1,716 |
Total funds £ 1,818 |
|---|---|---|
| 1,818 | ||
| 1,716 |
6 Government grants
The government grants received are all related to Covid-19.
The amount of grants recognised in the financial statements was £- (2021 - £13,957).
Page 11
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
7 Net incoming/outgoing resources
Net outgoing resources for the year include:
| Depreciation of fixed assets 8 Staff costs The aggregate payroll costs were as follows: Staff costs during the year were: Wages and salaries Pension costs Other staff costs No employee received emoluments of more than £60,000 during the year 9 Independent examiner's remuneration Other fees to examiners The examining of accounts of any associate of the charity |
2022 £ 30,117 2022 £ 126,708 7,105 1,574 135,387 2022 £ 1,818 |
2021 £ 9,409 |
|---|---|---|
| 2021 £ 123,613 7,394 4,139 |
||
| 135,146 | ||
| 2021 £ 1,716 |
Page 12
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| Cost At 1 September 2021 Additions At 31 August 2022 Depreciation At 1 September 2021 Charge for the year At 31 August 2022 Net book value At 31 August 2022 At 31 August 2021 |
Land and buildings £ 254,446 9,537 263,983 83,688 26,398 110,086 153,897 170,758 |
Furniture and equipment £ 39,897 4,702 44,599 19,806 3,719 23,525 21,074 20,091 |
Total £ 294,343 14,239 |
|---|---|---|---|
| 308,582 | |||
| 103,494 30,117 |
|||
| 133,611 | |||
| 174,971 | |||
| 190,849 |
Included within the net book value of land and buildings above is £Nil (2021 - £Nil) in respect of freehold land and buildings and £153,897 (2021 - £170,759) in respect of leaseholds.
12 Debtors
| Prepayments Other debtors 13 Cash and cash equivalents Cash on hand Cash at bank |
2022 £ 2,140 1,183 3,323 2022 £ - 58,475 58,475 |
2021 £ 1,693 - |
|---|---|---|
| 1,693 | ||
| 2021 £ 79 79,576 |
||
| 79,655 |
Page 13
Blundellsands Kindergarten Playgroup
Notes to the Financial Statements for the Year Ended 31 August 2022 (continued)
14 Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals Deferred income 15 Funds Unrestricted funds General |
Balance at 1 September 2021 £ 241,330 |
Incoming resources £ 190,289 |
2022 £ 1,535 1,838 1,818 23,736 28,927 Resources expended £ (223,777) |
2021 £ 1,995 1,679 3,504 23,689 |
|---|---|---|---|---|
| 30,867 | ||||
| Balance at 31 August 2022 £ 207,842 |
16 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 174,971 61,798 (28,927) 207,842 Unrestricted funds General £ 190,849 81,348 (30,867) 241,330 |
Total funds at 31 August 2022 £ 174,971 61,798 (28,927) |
|---|---|---|
| 207,842 | ||
| Total funds at 31 August 2021 £ 190,849 81,348 (30,867) |
||
| 241,330 |
Page 14
Blundellsands Kindergarten Playgroup
Statement of Financial Activities by fund for the Year Ended 31 August 2022
| Income and Endowments from: Donations and legacies Other income Total income Expenditure on: Charitable activities Other expenditure Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2022 £ - 190,289 190,289 (192,507) (31,270) (223,777) (33,488) (33,488) 241,330 207,842 |
Total Unrestricted Funds 2021 £ 13,957 185,128 |
|---|---|---|
| 199,085 | ||
| (196,585) (11,896) |
||
| (208,481) | ||
| (9,396) | ||
| (9,396) 250,726 |
||
| 241,330 |
This page does not form part of the statutory financial statements. Page 15
Blundellsands Kindergarten Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| Income and Endowments from: Donations and legacies (analysed below) Other income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2022 £ - 190,289 190,289 (192,507) (31,270) (223,777) (33,488) (33,488) 241,330 207,842 |
Total 2021 £ 13,957 185,128 |
|---|---|---|
| 199,085 | ||
| (196,585) (11,896) |
||
| (208,481) | ||
| (9,396) | ||
| (9,396) 250,726 |
||
| 241,330 |
This page does not form part of the statutory financial statements. Page 16
Blundellsands Kindergarten Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 August 2022 (continued)
| Donations and legacies Grants receivable Other income Fees and supplies Charitable activities Classroom expenses Wages and salaries Staff pensions Staff training Staff welfare Premises expenses Promotional expenses Repairs and maintenance Printing, postage and stationery Trade subscriptions Sundry expenses Travel and subsistence Accountancy fees Other expenditure Legal and professional fees Depreciation of freehold property Depreciation of fixtures and fittings |
Total 2022 £ - - 190,289 190,289 (23,359) (126,708) (7,105) (390) (1,184) (15,827) (1,402) (10,163) (605) (92) (1,628) (2,226) (1,818) (192,507) (1,153) (26,398) (3,719) (31,270) |
Total 2021 £ 13,957 |
|---|---|---|
| 13,957 | ||
| 185,128 | ||
| 185,128 | ||
| (33,008) (123,613) (7,394) - (4,139) (13,481) (1,654) (8,446) (462) (92) (1,022) (1,558) (1,716) |
||
| (196,585) | ||
| (2,487) (5,089) (4,320) |
||
| (11,896) |
This page does not form part of the statutory financial statements. Page 17
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