Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 Charity Number 1087935 STEPHENSON SMART EAST ANGLIA Chartered Accountants 22-26 King Street King's Lynn Norfolk PE30 IHJ LIMITED Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Independent examinerfs report Ito2 Trustees, annual report 3to6 Receipts and payments account Statement of assets Notes to the accounts CONTENTS Charity No. 1087935 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the accounts of Litcham and District Playgroup I'the charity'l for the year ended 31 March 2024 which comprise the summary of receipts and payments and the statement of assets and liabilities. This report is made solely to the charit¢s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACVI. I report in respect of my examination of the charivs accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no audit opinion on the accounts and my report is limited to those specific matters set out in the independent examiner's statement. Charity No. 1087935 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935} ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael Andrews FCA Stephenson Smart (East Anglial Limited Chartered Accountants and Registered Auditors 22-26 King Street King's Lynn Norfolk PE30 IHJ Date- 17 January 2025 Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Working name Litcham Childcare Address Litcham Children's Centre Weasenham Road Litcham King's Lynn Norfolk PE32 2QT Trustees Mrs G Blanchard-smith (Chair) M rs L Oldfield {Vice Chair) Mrs E Moore (Vice Chair) Mrs P Jackman Mrs L Billman Mrs M Pettitt Mrs L Elvin Resigned March 2024 Joined March 2024 Independent examiner Michael Andrews FCA Stephenson Smart {East Anglia) Limited 22-26 King Street King's Lynn Norfolk PE30 IHJ Bankers Barclays Bank plc Market Place Fakenham Norfolk NR219BE Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) TRUSTEES, ANNUAL REPORT {cont'd} FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Litcham and District Playgroup is a Trust, governed by its constitution which was adopted on 27th June 2008, and amended on 20th January 2010. The Board of Trustees consists of a maximum of 12 members, at least half of which must be parents or guardians of children attending the playgroup. New trustees must be nominated and seconded by existing trustees and accepted under majority voting rules at the Annual General Meeting of the Trust. All trustees must be approved by Ofsted. Objectives and activities The object of the Trust is to advance the education of children below compu150ry school age, and to provide Out of School Clubs for children aged between 2 and 14 years, in Litcham and the surrounding district, through: a) providing safe and satisfying group play, in which parents have the right to take part. b) encouraging other charitable activities through which parents may help the children. In order to achieve our aims, the Trust provides Early Years sessions from 9.00am - 3.15pm each day and extended school sessions from 7.45- 9.00am and 3.15 - 6.00pm each day during term time as well as sessions from 8.00am - 4.00pm during holiday time as required, with the exception of I week at Christmas and Easter, and 2 weeks of Summer Holiday when Childcare is closed. The Trust employs a highly qualified and well motivated supenii50r to run the setting on a daily basis, who holds a BA (Hons) in Childhood Studies. All staff, who work directly with the children, have an NVQ level 3 with the exception of two, who have an NVQ level 2. The two members of staff are willing to take a level 3 when a course is available. Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) TRUSTEES, ANNUAL REPORT {cont'd} FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Litcham Childcare continues to offer a stimulating, challenging and safe environment for children aged between 2 and 11 years. We offer 5 morning and 5 afternoon sessions per week to ensure as m uch f lexibility as possible for parents and a waiting list system is in place if sessions are full. The flexibility of early years funding continues to allow parents to use their free 15 hours per week in Breakfast, After School and Holiday clubs as well as Early Years. Some 3 & 4 year olds are eligible for 30 hours funding per week and during this financial year we have had 15 families who accessed this. It is the responsibility of the Parent/Carer, not the provider, to keep the eligibility code valid, this needs to be revalidated every 12 weeks. With some 2 year olds being eligible for 2 year funding, working entitlement and disadvantage families, this has meant that our 2 year old spaces are usually full and has led to higher numbers in early years than we would normally see at the start of the academic year. Breakfast club and afterschool club remains busy, with limited spaces available and some days being full. All members of staff have attended training courses throughout the year ensuring they are up to date with changes. Christine Mayes (Supervisor) handed in her notice in December 2023 giving her leaving date as July 2024. The mud kitchen has been refurbished and the children love it. The summer house is being well used for additional learning. We continue to support college students with their placements and high school students with their work experience. We have worked closely with Litcham School throughout the year to support the majority of our students who transition there. We have also worked with other schools in the area to support the students who are not going to Litcham School. The only concern we have again, is the rate at which the National Living Wage is rising. This may mean we have to raise our fees higher than we normally would in the coming year. The Staff and Trustees look forward to another successful year. Charlty No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) TRUSTEES. ANNUAL REPORT (cont'd) FOR THE YEAR ENDED 31 MARCH 2024 Financial Review The Tru.qt has recorded a surplu5 for the year. Reserves ai the year end, being unrestricted funds, totalled £83,037 (2023: £71,899) and restricted funds, totalled £1,364 (2023: £1,364). The principal source of funds for the charity continues to be Norfolk County Council. It is the policy of the Trustee5 to maintain a certain level of reserves to allow for contingencies, such as staff redundancies. Declaration The trusiees declare that they have approved the trustees, report. Signed on behalf of the trustees: Signe Signed.. Name: Mrs G Blanchard-smith Name". Mrs L Oldfield Position: Chair Position: Vice Chair Date Date Charity No. 1087935 ## **LITCHAM AND DISTRICT PLAYGROUP (Charity No. 1087935)** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
2024 2024 2024 2024 2024 2024 2024 2024 2024 YE 31.03.2024 YE 31.03.2023
Restricted funds - Restricted funds -
Unrestricted Restricted funds - Restricted funds - Restricted funds - Restricted funds Restricted funds - Charitable E-learning Restricted funds -
funds Breakfast club After school club Holiday club -Equipment NCC Q&I fundraising credits Milk Total funds Total funds
Receipts
Norfolk Children's Services 96,103 - - - - - - - - 96,103 86,318
Norfolk Children's Services - Breakfast club - 426 - - - - - - - 426 1,168
Norfolk Children's Services - Afterschool club - - 1,148 - - - - - - 1,148 1,434
Norfolk Children's Services - Holiday club - - - 6,497 - - - - - 6,497 5,647
Parents' fees - Playgroup 31,652 - - - - - - - - 31,652 20,230
Parents' fees - Breakfast club 14,428 - - - - - - - - 14,428 10,643
Parents' fees - After school club 19,809 - - - - - - - - 19,809 15,589
Parents' fees - Holiday club 11,586 - - - - - - - - 11,586 7,522
NMRU - Funding for milk - - - - - - - - 212 212 150
Fundraising 1,866 - - - - - - - - 1,866 3,498
Donations 20 - - - - - - - - 20 3,197
Bank interest 138 - - - - - - - - 138 30
Miscellaneous income - - - - - - - - - - 10
Total receipts 175,602 426 1,148 6,497 - - - - 212 183,885 155,436
Payments
Salaries 139,698 426 1,148 6,497 - - - - - 147,769 122,714
Equipment and resources 2,886 - - - - - - - - 2,886 14,972
Rent 6,000 - - - - - - - - 6,000 6,000
Dance and music teachers 400 - - - - - - - - 400 250
Milk - - - - - - - - 212 212 150
Food 3,263 - - - - - - - - 3,263 3,087
Independent Examination 2,460 - - - - - - - - 2,460 2,412
Fundraising 1,538 - - - - - - - - 1,538 1,580
Administration costs 5,940 - - - - - - - - 5,940 4,560
Insurance 1,395 - - - - - - - - 1,395 1,341
Advertising 235 - - - - - - - - 235 225
Miscellaneous expenditure - - - - - - - - - - 63
Training 298 - - - - - - - - 298 85
Outside Agency 351 - - - - - - - - 351 -
Total payments 164,464 426 1,148 6,497 - - - - 212 172,747 157,439
Net receipts (payments) 11,138 - - - - - - - - 11,138 (2,003)
Transfers between funds - - - - - - - - - - -
Cash funds at 1 April 2023 71,899 - - - - 952 318 94 - 73,263 75,266
Cash funds at 31 March 2024 83,037 - - - - 952 318 94 - 84,401 73,263
**----- End of picture text -----**
7 Charty No. lQ87935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) STATEMENT OF A55Efs AT THE END OF THE PERIOD FOR THE YEAR ENDED 31 MARCH 2024 YE 31.03.2024 2024 YE 31.03.2023 2024 Restrirted funds- Charltable fundraising 2024 Restritted fvnds- E-learning credits Unrestrirted funds Total funds Totalfvnds Cash funds Bank deposit account Bank current account Petty cash 11.422 71,589 26 11,422 72,953 26 11.286 61,951 26 1,270 94 Total cash funds 83,037 1.270 94 84,401 73,263 Total funds 83,037 1,270 A4.t￿l 73,263 Signed on behalf of the trustees: Signpd.. Signed: Name". Mrs G Blanchard-smith Name: Mrs L Oldfield Position: Chair Position- Vice Chair Date 15.01.l(yI5 Date Charity No. 1087935 LITCHAM AND DISTRicf PLAYGROUP (Charity No. 1087935) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 l Related party transactions The trustees are not entitled to and received no remuneration from the charity during the period. The sum of £6,000 for rent (2023: £6,000) and £20 for stationery (2023: £Nil) was paid during the year. No donations were received from Synergy Trust in 2024. The sum of £2,408 to be used for the purchase of new wetpour flooring was received in 2023. Litcham and District Playgroup has a service level agreement with Litcham Children's Centre to supply childcare services.