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:
1. accounting records were not kept in respect of Blundellsands Kindergarten Playgroup as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
## **Virtual Cabinet Portal Digital Signatures**
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## **Signature 1**
Signed by Ana Menis using authentication code MV4kZU8hUWpociwp at IP address 176.35.102.104, on 2023/05/16 08:49:09 Z.
Ana Menis's e-mail address is: blundellsandskind@gmail.com.