Charity registration number 1077543 MERRYFIELDS PLAYSCHOOL ANNUAL REPORT AND FINANCIAL sTATEMErs FOR THE YB4R ENDED 31 AUGUST 2024
MERRYFIELDS PLAYSCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Chairperson Mr P Ellery Secretary Ms Shidey Chyen Charity number 1077543 Principal address The Sports Pavillion Shelfanger Road Diss Norfolk IW22 5XR Auditors Gascoynes SUIQ 4 The Okl Dairy Elm Fam) BusirEss Park WyThondham Norfolk NR18 OSW
MERRYFIELDS PLAYSCHOOL CONTENTS Trusoe% report IndeFendent examinerts report Statement of financial activlties Balantt sheet Notes to the accounts
MERRYFIELDS PLAYSCHOOL TRUSTEES REPORT FOR THE fEAR EIVDED 31 AUGUST2024 The tru5tee5 present their annual rert and financi sotements for the ended 31 Augu512024. The accounts have been prep¥ed in accordan with the accounting polioes set out in note 1 to the accounts and comply with (he Charities Acc 2011 arKI "Accounting and Reporting by Charities: Sratement of Recommended Prydcfi applicable to charitie5 preparing their accounts in accordan with the Finanoal Rerting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeaive 1 January 20151" Objectives and activities The charitys objects are to advan the education of thildren below compulsory 5th001 age by a) Providing Safe and satirfyng group play? In which parents have the right to rake part and b) Encouraging other charirable actlyities through which parents may help the children and there has been no thange in these during the year. stcture* governance and management The trustses who served during the year and up to the of slgnaDJre of the finandal sratements were: Mr P Ellery Mrs S Everett Mrs Nicola Rednall The truscees POrt was approved by the Poard ofTrusree 6 32GMTI Mr P Ellery ChaIrPeOn of the trustees Dated: 3 DeMber 2024
MERRYFIELDS PLAYSCHOOL INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MERRYFIELDS PLAYSCHOOL I report on the finanaal 5tatemen(s of the tharity for the erKled 31 Augusc 2024. whith are sei ouc ori page5 3 tD 8. Respective responsibilities of trustees and examiner The charity's trustee$ are responsible for the prtparntion of the finanoal srartments. The Charitys trus$ consider tha¢ an audi¢ is not required for this year under 5ertion 144f2) of the Charities ACL 2011 (the 2011 Aa) and that an indeFcndenc examination 15 needed. It is my responsibility to: examine the financial sratements under section 145 of the 2011 Act. to follow the pro&ures12id down in the gener Directions given by the Charity Commission under section 145{5)(b) of the 2011 A¢¢. and to 5taÈ whether particular matter5 have come to my attention. Basis of independent erninerts report My examination was carried ouc in accordance with the general Direc(ions given by the Charity Commission. An examination includes a revlew of the accounting records kept by the chariry and a comparison of the financi sratements presentsd with those records. It also includes consideration of any Unusu itrms or disdosures in the finanoal statrments, 2nd seeking explanations from you as trustees ConmIng any suth matrs. The Prore$ underraken do rK>¢ provide all the eviden tha¢ would be required in an audi¢ and ConseqndY no opinion is given as to whether financi s¢afements presenc a and fwr view, and the report is limid co those matters set out in the next 5t3tsmenL Independent examinerts statement In connection with my examination, no other matter eXp1 that referred ro in the previou5 paragraph has come to my attention: (al which gives me reasonable cause to believe that in any mrial resw the ryuirements: to keep accounting record5 in aCcOrdar with section 130 of the 2011 Art. and to prepare financial Stments whith accord with the accounting record5 and comply with the accounting requirements of the 2011 Act" have not been met or (b) to whith. in my opinion. atkn¢ion shoukj be drawn in order to enable a proper understanding of the finants staments co reached. Gascoynes Chartered accountants Suits 4 The Old Dairy Elm Farm Business Park Wymondham Norfolk NR18 OSW Dated: 3 DeMr 2024
MERRYFIELDS PLAYSCHOOL STATEMEhrr OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unrestrirted funds 2024 Total 2023 Notes Income from: Donations and legacies Invesrn)ents 69,181 93 49,896 33 Total income 69,274 49,929 enditure on: Ch¥i¢able activities 64.192 51,989 Net incomel(expenditsre) for the yearl Net movement in funds 5,082 Q,060) Fund banCeS at 1 September 2023 19,911 21,971 Fund balances at 31 August 2014 24.993 19.911 The statement of financtsl aVIdeS includes 1 galns and k)sse5 recognlsed In the year. All income and eXPendiW derive from ntInuIrtg ac¢ivi¢ies.
MERRYFIELDS PLAYSCHOOL BALANCE SHEEr ASA T31AUGUST2024 2024 2023 Notes Current a55ets Cash at bank and In hand 25275 20,n8 Creditoys: amounts falling due within one year 282 817 Net current assers 24,993 19,911 In¢ome fvnds Unrestricted fund5 24.993 19.911 24,993 19,911 The financial statements were approved by the knard of directors and authorised for issue on 3 December 2024 and rt sigr*d on its behalf by: E32GMn Mr P Ellery Chairperson of the tNstees
MERRYFIELDS PLAYSCHOOL NOTES TO THE FINANCIAL STATEMEKrs FOR THE fEAR EIVDED 31 AUGUST2024 Accounting policies Company inforniation MeryPields Playsth¢Xsl is a PlaCh¢>01. 1.1 Accounting convention The financial statements have been prepared in accordan with the thariLf5 governing dooJmen4 the Charitie5 Act 2011 and "Accountlng and Reportlng by Charlues: Sratement of RecommendeA PraCc1 applicable to charlties preparSng thelr accounts in accordan with the Financi Reporting SLdard appliGthle in the UK and Republic of Ireland (FRS 1021" (as amended for accounting peri¢)ds commencing from 1 January 20161. The charity is a Public Benefi¢ Entity as defird by FRS 102. The financial s¢aments have depar¢ed from the Charityes IAccounts and Reports) Regulation$ 2008 only to the exon¢ required ID provide a and fwr view. This departure ha5 involved following the Strnent of Recommended Pracu for charities applying FRS 102 rather than the version of the Statement of Recommended Practi which is referred to in the Regulations but which has Sin been withdrawn. The finanaal statrments are prepared in strrling. which is the ffijnttion currency of the thariry. Monetary amounts in these financial statements are rounded to the nearest £. The firnCIal statements have been prepared under the historid cost convention, [modrfied to include the reVuatIOn of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting plicies adopted are set out lOw. 12 Going concern At the time of approving the financial statsmen the trustees have a reasonab expectation that the th¥iry has adequa resour co ntinue in ¢peratyonal existsn for the foreseeabk fuvjre. Thus the trus*es con¢inue to adopt the going ¢onttm basis of a¢countyng in pParIng the financol statemen¢ 13 Charitable funds Unrestricted fvnds are avalable for use ac the di5crrfion of the IteeS in fvrthCran of their charitable objective5. ReStrIc funds are subjett to swfic condiuons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financol statement 1A Incoming resources Income is recognised when the tharity 15 legally enti(led ro it 3fter any Performan condi(ion5 have been me4 the amounts can k measured reliably, and it is probable that irKome will be reIVed. Cash donations are recognised on reipL Other donations are recognised On the charity has been notified of the donation, unless perfom)2nce conditions require defe of the amounL Income tax recoverable in relation to donations received under Gift Aid or deeds of covenan¢ is recognised at the tyme of the dona¢ion. Legacies are recognised on receipt or otherwise rfthe thariry has been noufied of an impending di5tribuuon, the amount is known, and reIpt Is expected. If the amount Is not known, the legacy Is rreated as a contlngent assec
MERRYFIELDS PLAYSCHOOL NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE fEAR EIVDED 31 AUGUST2024 Accounting polioe$ (Continued) 1.5 Resources expended Expenditu is Cognised ontt the is a leg31 or cons¢ruc¢ive obligation to transfer economic benefit ¢0 a third party. ic is probable that a tTan5fer of economic benefits will be required in 5ettknenL and the amount of the obligation can be measured reliably. Expenditure is dassrfied by activity. The costs of each ictiviry are made up of the tot21 of dirett costs and shared costs, induding support Costs involved in underrthng ead) acrivity. Direc¢ costs attributable to a single a¢ciYity are allocaod directly to that activity. Shared costs which contribute to more than one acrivity and supporc coscs which are not attributable to a single ac(ivity are apFK>r(ioned between those acriviues on a basis con5i5tent with the use of resour. Central sraff costs are loCated on the basis of time spen4 and depredadon charges are Xated on the portlon of the asset's use. 1.6 Cash and cash eqyiyalents Cash and osh equivalents indLKle osh in harKI. deposits he a¢ oll with banks. other short-orni liquid inves¢ments with original mawrities of three months or less. ar bank overdrafts. Bank overdrafts rt shown within borrowings in Curn¢ Bap¢ financialatsets Basic flnanclal assers, which include debcors arKI cash and bank balan, are InitilY measured at tran5attlon prlce Including transaction costs 2nd are subsequently carried at amortised cost using the effective InreSt method unless the arrangement conscituos a financing transa¢¢ioA. where the transacxion is measured a¢ the presenc value of the fv(u reIpts discounced at a market rate of interesL Financial a55ets dasstPied as re1¥able within one year are not amortised. Bawc financialliabilibes Basic financi liabilities. induding creditor5 and bank k)ans are iniually recognised at transaction price unle55 the arrangement conStituS a financing transaction, where the debt instrument is measur&J at the present yue of the fijture payments discounted at 2 market rate of InreSL Finanoal liabilities dassified as payable wtthin one year are not amortised. Debt instruments are subsequently arried Jt 3morti5ed cos¢ using the effedive interest r3te method. Trade creditors are obligatlons to pay for goods or serv5 that have been aqulred In the ordinary course of operadons from suppliers. Amounts p2y2ble are dassffied as current liabilities rf payment is due within one year or less. If no4 they are pSented as non-cUrn¢ liabilities. Trade ¢redi¢ors are recognised inicially ac transacuon price and subsequendy measured at amortised cost using the effeuive Int method. Derecognition offinanaallmbilitses Finanaal liabilities are derecognised when the thar5 contyacwal oblization5 expire or are di5charEed or canlled. 1.7 Employee benefits The cos¢ of any unvsed holiday entitlement is recognised in the Perh in whith the p10Yee'S services are reived. Terminatlon benefits are recognised ImmedilY as an expertse when the charity is demonstrabty commltted to ternilnate the employinenc of an employee or to PrOde MiinatIOn benefts. 1.8 Asset recognition For 2015 onwards equipment purchased is to be off in the year of ao4uisltJorb.
MERRYFIELDS PLAYSCHOOL NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE fEAR EIVDED 31 AUGUST2024 tk+nations and legacies 2024 2023 Fundrrising Fees 836 1,069 48.827 68.345 Investments Unrestricted Total nds 2024 2023 Interest re1¥able 93 33 Charitable artivities 2019 2023 sarles Traininz cour5e5 Renc of premise5 Insurance Equlpmeni cosrs Accountancy and bookkeeping Sundry exFenses Legal and professional 52,438 530 8,117 533 40.009 687 8,247 513 693 572 790 943 70 833 217 64,1¥1 51,989 Trustees The trustee directors reIved reimbursements totaling £981.72 for purthases made on behalf of the playschool Q023: The trusoe d1ctorS tt1ved £200.79 for purthases made on behalF of the playsthooll.
MERRYFIELDS PLAYSCHOOL NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE fEAR EIVDED 31 AUGUST2024 Employees The average monthty number of employees during the ypar was: 2024 2023 Number Number Total Employment costs 2024 2023 Wages and salaries Other pension costs 51.722 716 39.437 572 52,438 40,009 There were no employees whose annu remuneration vtss more than £60,IXIO. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred Income 282 817