AVEBURY PLAYGROUP
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31[st] MARCH 2024
Registered charity No. 1055570
Auditor:
C Zielinski AIPFM 6 Netherblane Blanefield G63 9JW
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AVEBURY PLAYGROUP
TRUSTEES AND ADVISORS
FOR THE YEAR ENDED 31[st] MARCH 2024
Chairperson: Marta Getachew Lema Treasurer: Margaret O'Toole Trustees: Nuura Sharif Committee: Henna Ahmed 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
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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 31[st] MARCH 2024
I report on the accounts of the charity for the year ended 31[st] March 2024, 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
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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 6 Netherblane Blanefield G63 9JW
June 2024
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AVEBURY PLAYGROUP
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31[st] MARCH 2024
| 2024 (£) | 2023 (£) | |
|---|---|---|
| Opening balances (note 4) | 149,542 | 163,738 |
| Add: Receipts | ||
| London Borough Tower Hamlets: | ||
| • NEG 2,3,4 year funding | 57,419 | 48,191 |
| Fees | 2,836 | - |
| Fundraising and donations | 8 | - |
| TOTAL RECEIPTS | 60,263 | 48,191 |
| Less: Payments | ||
| Wages and National Insurance (note 3) | 52,565 | 50,630 |
| Payroll and support costs | 1,200 | 1,200 |
| Rent, water and refuse collection | 1,969 | 2,836 |
| Toys and materials | 1,335 | 644 |
| Light and heat | 2,494 | 3,157 |
| Telephone | 1,041 | 846 |
| Milk and food | 257 | 162 |
| Cleaning, toiletries | 47 | 20 |
| Insurance | 831 | 1,139 |
| Stationery and postage | 108 | 350 |
| Trips, parties, etc | 586 | 303 |
| Independent examination | 775 | 775 |
| Education and training | - | - |
| Repairs | - | 90 |
| Ofsted | - | 50 |
| Miscellaneous | 68 | 185 |
| TOTAL PAYMENTS | 63,276 | 62,387 |
| Closing balances (note 4) | 146,529 | 149,542 |
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AVEBURY PLAYGROUP
STATEMENT OF ASSETS AND LIABILITIES
AT 31[st] MARCH 2024
| 2024 (£) | 2023 (£) | |
|---|---|---|
| MONETARY ASSETS | ||
| Cash at bank | 123,519 | 133,917 |
| Cash held by EYNTH | 22,402 | 15,892 |
| Fees / cash in hand | 608 | (267) |
| TOTAL CASH | 146,529 | 149,542 |
| OTHER ASSETS | ||
| The charity owns numerous items of play | ||
| equipment (note 2) | 1,100 | 840 |
| TOTAL ASSETS | 147,629 | 150,382 |
| Less: LIABILITIES | ||
| Creditors | 46 | 43 |
| TOTAL LIABILITIES | 46 | 43 |
| NET ASSETS | 147,583 | 150,339 |
| Represented by: | ||
| Equipment funds (note 5) | 1,100 | 840 |
| Designated funds (note 6) | 117,000 | 115,000 |
| Unrestricted fund (note 7) | 29,483 | 34,499 |
| 147,583 | 150,339 |
Approved by Committee: ________
Date: ____________
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AVEBURY PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2024
1. 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.
2. 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.
1. Cash Balances
| Current account Cash held by EYNTH Cash in hand |
2024 (£) 123,519 22,402 608 146,529 |
2023 (£) 133,917 15,892 (267) 149,542 |
|---|---|---|
5. 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.
6. Designated Funds
| Redundancy funds New equipment Sickness, cover costs |
2024 (£) 85,000 7,000 25,000 117,000 |
2023 (£) 83,000 7,000 25,000 115,000 |
|---|---|---|
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 5 months running costs in unrestricted funds because of the timing of income.
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