AVEBURY PLAYGROUP
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31st MARCH 2021
Registered charity No. 1055570
Auditor:
C Zielinski AIPFM 125 Spital Aberdeen AB24 3HX
AVEBURY PLAYGROUP
TRUSTEES AND ADVISORS
FOR THE YEAR ENDED 31st MARCH 2021
| Chairperson: | Nuura Sharif |
|---|---|
| Treasurer: | Margaret O'Toole |
| Trustees: | Marta Getachew Lema |
| Independent examiner: | C Zielinski AIPFM |
| Bankers: | National Westminster Bank PLC |
| 403 Bethnal Green Road | |
| London | |
| E2 0AF | |
| Registered address: | Club Room |
| Avebury Estate Tenants Club | |
| Roberta Street | |
| London | |
| E2 6AN |
STATEMENT OF RESPONSIBILITIES OF THE COMMITTEE
As the charity's trustees, you are responsible for the preparation of financial statements for each financial year which gives a true and fair view of the charity's incoming resources and application of resources for the year then ended. In preparing those financial statements, you are required to:
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Select suitable accounting policies and then apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
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Prepare the financial statements on the going concern basis.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. You are also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Committee on: ___________
Chair: ______________
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INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF AVEBURY PLAYGROUP FOR THE YEAR ENDED 31st MARCH 20 21
I report on the accounts of the charity for the year ended 31[st] March 2021, which are set out on pages 3 to 5.
Respective Responsibilities of Trustees and Examiners
The charity's trustees consider than an audit is not required for this year -under section 144(2) of the Charities Act 2011 (the Act)- and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under section 145 of the Act);
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To follow the procedures laid down in the General Directions given by the Charity Commission - under section 145(5)(b) of the Act, as amended- and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In the course of my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in any material respect, the trustees have not met the requirements to ensure that:
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Proper accounting records are kept (in accordance with section 130 of the 2011 Act); and - Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C Zielinski AIPFM 125 Spital Aberdeen AB39 3NL
June 2021
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AVEBURY PLAYGROUP
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31st MARCH 2020
| Opening balances (note 4) Add: Receipts London Borough Tower Hamlets: • NEG 2,3,4 year funding • Discretionary grant (SEN funding) Fees Fundraising and donations TOTAL RECEIPTS Less: Payments Wages and National Insurance (note 3) Payroll and support costs Rent, water and refuse collection Toys and materials Light and heat Telephone Milk and food Cleaning, toiletries and PPE Insurance Stationery and postage Trips, parties, etc Independent examination Education and training Repairs Ofsted Miscellaneous TOTAL PAYMENTS Closing balances (note 4) |
2021 (£) 211,949 59,847 5,000 - - 64,847 66,059 1,350 328 784 4,724 922 74 709 686 417 469 625 140 86 100 177 77,650 199,146 |
2020 (£) 193,536 94,105 6,000 2,498 174 102,777 |
2020 (£) 193,536 94,105 6,000 2,498 174 102,777 |
|---|---|---|---|
| 74,865 - 743 749 4,599 881 276 87 411 151 598 600 46 101 50 207 84,364 211,949 |
74,865 - 743 749 4,599 881 276 87 411 151 598 600 46 101 50 207 84,364 |
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AVEBURY PLAYGROUP
STATEMENT OF ASSETS AND LIABILITIES
AT 31st MARCH 2021
| MONETARY ASSETS Cash at bank Cash held by EYNTH Fees / cash in hand TOTAL CASH OTHER ASSETS The charity owns numerous items of play equipment (note 2) TOTAL ASSETS Less: LIABILITIES Miscellaneous creditors TOTAL LIABILITIES NET ASSETS Represented by: Equipment funds (note 5) Designated funds (note 6) Unrestricted fund (note 7) |
2021 (£) 166,162 32,851 133 199,146 1,500 200,646 557 557 200,089 1,500 145,000 53,589 200,089 |
2020 (£) 161,001 50,109 839 211,949 |
2020 (£) 161,001 50,109 839 211,949 |
|---|---|---|---|
| 1,700 213,649 |
|||
| 1,457 1,457 212,192 |
1,457 1,457 |
||
| 1,700 145,000 65,492 212,192 |
Approved by Committee: ________
Date: ____________
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AVEBURY PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2021
- Accounting Policies
The accounts are prepared under the historical cost convention, using the receipts and payments basis to comply with the Charities Act smaller charity regulations.
- Fixed Assets Equipment purchases have been charged to the Receipts and Payments account in the year of acquisition. A register of equipment is maintained and an estimated value shown in the statement of Assets and Liabilities.
3. Salaries Early Years Network Tower Hamlets administer playgroup salaries. The statement showing the salaries has been independently audited and I have accepted assurances as to the accuracy.
- Cash Balances
| Current account Cash held by EYNTH Cash in hand |
2021 (£) 166,162 32,851 133 199,146 |
2020 (£) 161,001 50,109 839 211,949 |
|---|---|---|
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Equipment Funds Equipment purchased has been shown as other assets. An equipment fund of equivalent value is taken from the funds, as this money has already been spent.
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Designated Funds
| Redundancy funds New equipment Sickness, cover costs External repairs |
2021 (£) 60,000 10,000 40,000 35,000 145,000 |
2020 (£) 60,000 10,000 40,000 35,000 145,000 |
|---|---|---|
7. Reserves Policy
The Management Committee have set aside funds in note 6 to cover for sickness, new equipment and redundancy in the event of closure. The Committee feel it is prudent to keep at least 6 months running costs in unrestricted funds because of the timing of income.
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