## ACCOUNTANTS REPORT. We have prepared, without carrying out an audit, the foregoing accounts for the year to 31" August 2021 from the books and records of Kids ‘N’ Co Playgroup — Registered Charity No. 1060444, and from information and explanations supplied to us. I can confirm that proper and accurate records of all items of Income and Expenditure were kept. Furthermore, | can confirm that ‘all’ the receipts and purchase invoices were checked and proved to be present and correct. In spite on the continuing Covid 19 crisis the Playgroup has managed to keep its doors open to all the Children that depend on it and Gail Palmer and her team have exercised all the necessary care to ensure everyone, Children and Staff, stay safe. Although the crisis has now started to subside the Playgroup intends to continue in the same vein in the year ahead and is well enough structured and financially controlled to successfully do so. I can confirm that the Trustees have agreed a ‘Reserve Policy’ for the year 20212022 and this is attached to these accounts. This policy is reviewed on an annual basis. The Trustees and management are advised to be mindful of the requirement to have sufficient cash funds to cater for possible Redundancy of the entire workforce as stated in the policy. John Williams Bookkeeping and Management Accounts Services 46 Halswell Close BRIDGWATER Somerset TA6 7HF ## TRUSTEES REPORT. At a meeting of the trustees of Kids ‘N’ Co Playgroup held on .7/ MBf2] The board of trustee. being aware of our obligations as a registered charity, approved the attached accounts as prepared on our behalf for year ended 31“ August 2021 It was agreed that, as per our statutory obligations, these should be submitted to the Charity Commissioners and made available to any interested party. Signed Chairman of the Board. Dated. ## KIDS 'N' Co PLAYGROUP, ST. GEORGES HALL - KENDALE ROAD - BRIDGWATER - SOMERSET. INOME AND EXPENDITURE ACCOUNT FOR 12-MONTHS ENDED 31ST AUGUST 2021, ||||||||;| |---|---|---|---|---|---|---|---| |INCOME|||||||| |SOMERSET COUNTYCOUNCIL -EDUCATIONGRANTS RECEIVED
SEDGEMOOR DcGRANT
SPECIAL NEEDS FUNDING
DONATIONS
MILK CLAIMS
ATTENDANCE FEES
PROFITFROM FUNDRAISING EVENTS
PAYMENTSTOWARDS SCHOOLTRIPS
PHOTO SALES INCOME
PAYMENTS FOR UNIFORMS
BANK INTEREST RECEIVED
EMPLOYMENTALLOWANCES||2024|2024
110,180
ie)
Exel}
(e)
114
6,722
0
ie)
)
194
4||2020|2020
117,644
ie)
516
ie)
167
2,818
812
ie)
97
260|| |TOTAL INCOME RECEIVED||||4,846||62
2,870|| ||||124,770||||| |||||||125,246|| |EXPENDITURE|||||||| |WAGES & EMPLOYERS N.1,|||||||| |EMPLOYERS PENSION CONTRIBUTIONS
CRB CHECKS
RENT
GENERAL INSURANCES
COLLEGE & TRAINING COSTS
SUBSCRIPTIONS
CHILDRENSCONSUMABLES&SMALLEDUCATIONAL ITEMS
CHILDRENS PARTIES COSTS
CHILDRENS SNACKS
CHILDRENS MILK COSTS
SCHOOL TRIPS
CHILDRENS
UNIFORMS
POSTAGE &STATIONERY
ADVERTISING
TELEPHONE
WEBSITE(SET-UP)&ONGOING COSTS
CLEANING
REPAIRS,RENEWALS & MAINTENANCE
TRAVELLING EXPENSES
SUNDRY EXPENSES
BANK CHARGES
ACCOUNTANCY CosTs
SOFTWARE FORPAYROLL& AUTOMATICENROLMENT
ALLOTMENT CosTs
PROFESSIONAL FEES
ADDITIONS
& REPAIRS TOOUTSIDE PLAYAREA
DEPRECIATION OF EQUIPMENT|:|97,592
a4
48
8,932
421
680
589
3,237
463
1,817
121
(e)
1,000
140
(e)
51
522
80
582
20
80
0
1,090
700
2,324
ie)
467|||81,904
999
276
7,368
372
518
310
4,480
823
1,234
179
ie)
500
402
ie)
807
ie)
114
198
ie)
50
(e)
1,145
650
1,983
(e)
1,647||| |SURPLUS/-DEFICIT OFINCOME OVER EXPENDITURE||5,809
ee|127,936
SG|5,770
111,826
ee e26|||| ||||-3,166||||| |||—.|||13,420
=——||| KIDS 'N' CO PLAYGROUP. ST. GEORGES HALL - KENDALE ROAD - BRIDGWATER - SOMERSET. BALANCE SHEET AS AT 31ST AUGUST 2021. |FIXED ASSETS
nl|FIXED ASSETS
nl|COST
DEPREC
— ———
63,674
47,928|COST
DEPREC
— ———
63,674
47,928|N.B.V
15,746| |---|---|---|---|---| |EQUIPMENT||me||| |||63,674|47,928|15,746| |||—————O———||| |CURRENT ASSETS
ee|eee||483|| |UNIFORM STOCK
NATWESTCURRENT ACCOUNT
NATWEST BONUSSAVERACCOUNT|||14,215
40,777
76|| |CASH IN HAND
INLANDREVENUEPAYE& NI
PREPAYMENTS|||fe)
fe)
65,551
a|| |||||Ti297| |CURRENT LIABILITIES
0aan|||2,742|| |INLAND REVENUE|||294|| |NEST PENSION CREDITOR
ACCRUALS|||1,095:
4,131
a|| |||||67,166| |NET ASSETS
ee|a|||———————| |ACCUMULATED FUND||||| |——————|al|||70,332| |ACCUMULATED FUND B/F||||| |INCOME&EXPENDITURE ACCOUNT (DEFICIT)||||-3,166| |||||67,166| |ACCUMULATEDFUNDC/F||||| ## Kids ‘N’ Co Playgroup — Registered Charity No. 1060444 St.Georges Newtown Hall — Kendale Road — Bridgwater — Somerset. ## Our reserves position is as at 31° August 2021: **----- Start of picture text -----**
aee, oe Current Previous %\lncrease/Decrease
Year Year (decrease)
Unrestricted Funds 50,861 - 09%
Restricted/Designated Funds ae ;
Building Fund
Education Fund
Others oes
Endowment Funds
~ [Total] Ratio [Funds] | 50,861 | 55,806 | -.09%
of Reserves to Annual Pate eee
Operating Expenditure 40% A9% --.09%
**----- End of picture text -----**
The reserves that we have set aside provide financial stability and the means for the development of our principle activities. We intend to maintain our reserves at a level which is at least equivalent to £50,861 that we believe will be enough to cater for our needs in the next financial year. This is given our need to have enough Cash Flow and the prospect of other eventualities, such as the closure of the playgroup and the need to pay for Redundancy to all the staff. We intent to use the reserves in the following manner in the financial year 2021-2022. - A) Should local authority funding be withdrawn, or a fatal situation occurs, that would require the closure of the playgroup and the redundancy of all the staff. A reserve of £39,995 has been set aside to enable these amounts to be paid. This figure has been calculated to cater for this event at any time during the year and includes, Pay in Lieu of Notice, pay for the Current Working Month, estimated unpaid Holiday Pay and Redundancy Pay, for all current employees. - B) £10,866 of our reserves is set aside to cater for ‘cash flow’ requirements. This represents approximately (5-weeks) of our annual cash flow expenditure. We feel this to be prudent and necessary. The Board of Trustees will annually review the amounts of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. vl MOT PAES oo cocccssccsssccsssessessnesse Signed Chairman of the Board of Trustees