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2022-08-31-accounts

Trustees' Annual Report Trustees' Annual Report Trustees' Annual Report Trustees' Annual Report Trustees' Annual Report for theperiod for theperiod for theperiod
**From ** Period start date To Period end date
01 09 2021 31 08 2022

Section A Reference and administration details

Charity name EMERSON VALLEY PLAYGROUP Other names charity is known by THE WENDY HOUSE Registered charity number (if any) 1056708 Charity's principal address River Valley Centre, 6, White Horse Drive, Emerson Valley, Milton Keynes Postcode MK4 2AS

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
WendyCross
Hannah
Klewpatinond		 Treasurer Until 22/06/22
AmyLannon
Sarah Clarke Chair
LyndsayAli Until 07/03/23
Aliz Szasz
Natasha Wiggins From 09/03/22 Secretary 20/06/22
Charlotte Ross Treasurer From 20/06/22
KerryShephard Until 01/11/21
Nicola Kirby From 07/03/23
Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution (Pre-School Learning Alliance 2011)

Trust reapproved on 07/03/2023 How the charity is constituted

Elected by members at AGM and/or co-opted by invitation of the Trustee selection methods committee

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

To enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children by:

Summary of the objects of the Offering appropriate play, education and care facilities, family learning, charity set out in its together with the right of parents to take responsibility for and to become governing document involved in the activity of the group, ensuring that opportunities are offered to all children whatever their race, culture, religion, means or ability.

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We are able to offer children play, education and care in accordance with Ofsted's Early Years Foundation Stage education and welfare requirements. Primarily this is through renting an appropriate space to provide these requirements and the employment of trained, qualified and experienced staff.

We admit children from families within the local community and the wider area within Milton Keynes from varied family backgrounds.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main
achievements of the charity
during the year		 At the start of the academic year from September 2021, we were still
adhering to Covid rules and guidelines which asked us to produce a
management plan in case of an outbreak. We were fortunate that
although we had a number of cases for both children and staff, that we
did not exceed the number which would have caused us to close for a
period of time.
For the first time for a number of years the playgroup did not fill
completely during the Spring Term– we were almost at capacity during
the Summer Term. We also had a higher percentage of children that
were not receiving Government funding and paying fees – we receive
more per hour from funding than from fees. Both of these reflect the
reduction in income from Grant and the increase in Fee income shown in
the accounts.
Because of the difference paid between Government Grant and fees per
hour, and also because of the greater percentage of paid sessions this
year the Management committee decided to increase both session and
lunch fees from January 2023. This is still less than the amount per hour
we receive from grant funding. We also decided to increase the request
we make for snack and consumable items from the parents once a term
– the last time we increase this was about 6 years ago.
There were a number of staff changes. Two new staff are training to gain
their level 3 early years qualification.
We had another successful trip to Rookery farm on the 5thMay 2022 and
the Open afternoon in May was very well attended with over 70% of our
families making an appearance.
We were aware that we would end with a net loss at the end of the year
and were careful to make savings where we could. We were estimating
that the loss would be in the region of £4-5K, but with some efficiencies
managed to reduce this to £938. The previous year’s surplus will offset
this deficit. We are also holding this as we know that we will have a
much larger rent bill going forward from April 2023 as the management
of the hall is changing then – we haven’t yet been informed how much
this is going be, but have been led to believe that it will at least double.
We also have the large increase from April 2023 in National Living Wage
which will increase wages. The Government funding for childcare is also
increasing this April, but is not keeping up with costs.

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Section E Financial review

Brief statement of the charity’s policy on reserves

Our policy aims to hold to build and maintain a reserve a total of three working months income. This is to cover for contingencies including, the temporary shortfall in the Autumn term, redundancy, SSP, increases in National Living Wage, pensions. Adjustment made for year 21/22 and 22/23 to include using 20/21 surplus for forecasted deficits and future rent bill rises.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Wendy Cross Full name(s) Wendy Cross Position (eg Secretary, Chair, Committee member etc)

Wendy Cross

Date 11th March 2023

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EMERSON VALLEY PLAYGROUP T/AS THE WENDY HOUSE

INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDING 31[st] AUGUST 2022

INCOME RECEIPTS
2022
Fund Raising
£11.92
Milk Grant
£378.85
Fees
£31910.51
Nursery Grant
£123015.86
Bank Interest
£6.96
Miscellaneous
£1072.22
CJRS & SSP
£539.56
TOTAL RECEIPTS:
£156935.88
LESS EXPENDITURE:
Rent
£6930.00
Milk
£390.96
Equipment
£1318.89
Stationary
£560.65
Miscellaneous
£5108.49
Wages (net)
£131034.15
NI & Tax
£3979.58
Pensions
£3844.91
Beverages
£1596.97
Expenses & Training
£632.20
Consumables
£2390.76
Bank charges
86.45
TOTAL PAYMENTS:
£157874.01
NET SURPLUS/(LOSS):
(£938.13)
Opening Cash Balance
£77794.60
Closing Cash Balance
£76856.47
STATEMENT OF ASSETS AND LIABILITIES
Assets
Petty Cash Float
£1586.82
Current Account Bank Balance
£60082.81
Reserve Account
£14886.84
2ndReserve Account
£300.00
TOTAL ASSETS:
£76856.47
TOTAL LIABILITIES
£0.00
Accounts examined by
John Manners		 2021
£14.42
£344.60
£13745.30
£153517.51
£1.48
£8872.50
£977.67
£177473.48
£6557.50
£353.28
£2052.77
£684.24
£5966.27
£132378.37
£7154.58
£3476.80
£1313.98
£416.60
£3666.68
£164021.07
£13452.41
£64342.19
£77794.60
£1389.02
£61225.70
£14879.88
£300.00
£77794.60
£0.00
Date

John Manners

Independent Examiner’s Report on the Accounts

Receipts and Payments Accounts

Report to the trustees/members of EMERSON VALLEY PLAYGROUP T/AS THE WENDY HOUSE

Registered charity number 1056708

st On accounts for the year ended 31 AUGUST 2022

Set out on pages AS FOLLOWS

Respective responsibilities of The charity’s trustees you are responsible for the preparation of trustees and examiner the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is my responsibility to:

 examine the accounts under section 43 of the 1993 Act,  to follow the procedures laid down in the general Directions given by the Charity Commission under Section 43(7) (b) of the 1993 Act, and  to state whether particular matters have come to my attention.

Basis of independent examiner’s My examination was carried out in accordance with the general

Statement 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true’ and ‘fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s In connection with my examination, no matter has come to my Statement attention (other than that disclosed below*): (1) which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 41 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed_J A MANNERS____Date_02/01/2023____

Name_J A MANNERS_______

Relevant professional qualification or body (if any)__ACIB_______

Address_1 Walton Road, Caldecotte, Milton Keynes, MK7 8AE_______