2022-08-31-accounts

Charity Registration Number 1100330

Company Registration number 04884359

SANDCASTLES PRE­SCHOOL PLAYGROUP

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR YEAR ENDING 31 AUGUST 2022

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SANDCASTLES PRE­SCHOOL PLAYGROUP

CONTENTS

Trustees report	Page 1 – 3
Statements of Trustees responsibility	Page 4
Statement of financial activities	Page 5
Balance sheet	Page 6­7
Notes to financial statements	Page 8 – 11

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SANDCASTLES PRE­SCHOOL PLAYGROUP

TRUSTEES REPORT

FOR THE YEAR ENDING 31 AUGUST 2022

The trustees present their annual report and financial statements for the year ending 31 August 2022.

The financial statements have been set out in accordance with the accounting policies set out in note 1 to the financial statements.

OBJECTIVES AND ACTIVITIES

The objectives of the charity are:

• 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 through community groups

• Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion or means of ability

• Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs

• Instigating and adhering to and furthering the aim of the pre­school alliance

The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit when reviewing the charity’s aims and objectives and in planning future activities. In particular the Trustees consider how planned activities will contribute to those aims and objectives.

ACHIEVEMENTS AND PERFORMANCE

September 2021: Eleven children left in July to go to Connor Downs school. Six children are now accessing the government 30­hour funding for working parents. There was no transition again this year due to covid guidelines. Also this month Kayleigh and Tania started their degrees.

December 2021 The Christmas play, and raffle raised £156.00. January, we had Nick out from Sports for Tots for a extra session as we received government funding for a child in our setting to access the provision.

March 3[rd,] we had our Ofsted Inspection and the outcome for Sandcastles was good in all areas.

Amanda started her new role with Cornwall council but retained her role as SENCo at Sandcastles working fourteen hours per week. We had one college student on placement until the end of term.

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April: We held our Easter egg raffle and sponsored bunny hop raising £3396.00. All the money raised funded a six­week music provision.

May: We held inhouse interviews for Deputy Manager’s position, Kayleigh Malyan took on this role.

June: Tania left, and her position was advertised.

July: Interviews were held, and we appointed two new members of staff to fill staff requirements.

FINANCIAL REVIEW

The results for the year are shown in the statement of financial activities and show a net profit of £12,091 (profit of £1,578 in 2021) together with the reserves brought forward give a total reserves figure at the year­end of £51,717 (£39,578 in 2021).

RESERVES POLICY

The Trustees aim to hold reserves in funds at an adequate level to support the charity’s current and future activities.

INVESTMENT POLICY

The Trustees have considered the most appropriate policy for investing funds and that the current arrangement with short term bank deposits meets the requirement to generate a reasonable return on capital whilst maintaining access to funds for operational purposes.

RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The contribution made by volunteers to the charity are immeasurable as they not only run the committee but also help with fundraising and community activities.

PLANS FOR THE FUTURE

The charity plans to continue the activities outlined above in the forthcoming years and at the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing these financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Sandcastles pre­school playgroup is a company limited by guarantee governed by its Memorandum and Articles of Association. It became a registered charity on 27 October

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1. In the event that the charitable company is wound up the members agree to contribute an amount not more than £1 to the assets of the charitable company.

SANDCASTLES PRE­SCHOOL PLAYGROUP

LIST OF TRUSTEES

FOR THE YEAR ENDING 31 AUGUST 2022

TRUSTEES The Trustees are also the Directors for the purpose of company law;

G Shilston A Allen K Burden L Rescorla G Rescorla J Marrion C Mcleish V Rouncefield G Warrington R Wilson

RECRUITMENT AND INDUCTION OF TRUSTEES

Subject to approval of the members, the Trustees may appoint a person who is willing to act to be a Trustee. Potential Trustees meet the Trustees and senior management prior to the proposal as a Trustee. Once appointed, Trustees undertake an induction into the working of the charitable company including observing operational activity, discussion with staff and reading information such as financial statements and other evaluation documents.

The trustees are legally responsible for the overall control and management of the charity and the Nursery Manager is responsible for the day to day management and administration of the charity and reports to the Trustees.

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SANDCASTLES PRE­SCHOOL PLAYGROUP

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDING 31 AUGUST 2022

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources including the income and expenditure of the charitable company for that year.

In preparing these financial statements the Trustees are required to;

• Select suitable financial statements and then apply them consistently

• Observe the methods and principals in charity SORP

• Make judgments and estimates that are reasonable and prudent

• State whether applicable UK accounting standards have been followed

• Prepare the financial statements on the going concern basis

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safe guarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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SANDCASTLES PRE­SCHOOL PLAYGROUP

STATEMENT OF FINANCIAL ACTIVITES

FOR THE YEAR ENDING 31 AUGUST 2022

STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDING 31 AUGUST 2022
Income from	2022		2021	Note
Donations and Grants	­		­	2
FundraisingIncome	£1,041		£1,112
Charitable Activities	£102,143		£67,565	3
Other Income	­		­
Total Income	£103,184		£68,677
Expenditure on
Charitable Activities	£91,093		£67,099	4
Net Profit/Loss for the Year	£12,091		£1,578

The statement of financial activities includes all gains and losses recognised in the year

All income and expenditure derive from continuing activities

The charity has opted to prepare the accounts under Charities SORP (FRS 102) and is exempt from preparing a cash flow statement on the grounds that it is a small charity

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SANDCASTLES PRE­SCHOOL PLAYGROUP

BALANCE SHEET

FOR THE YEAR ENDING 31 AUGUST 2022

			31 Aug 2022		31 Aug 2021
	Current Assets
	Business Account		£30,010		£17,871
	Savings Account		£21,657		£21.657
	Ltd Co Account		£50		£50
	Total in the Bank		£51,717		£39,578
	Prepayments		­		­
	Fixed Assets
	Computer Equipment			£8,488		£8,488
	Depreciation on Computer Equi.			(£8,481)		(£8,468)
	Fixtures and Fittings			£8,577		£8,577
	Depreciation on Fixtures and Fit.			(£8,577)		(£8,492)
	CarryingAmount			£7		£106
	Total Assets		£51,724		£39,683
	Current Liabilities
	Accounts Payable		£270		£320
	Reserves Brought Forward		£43,998		£43,998
	Net Assets		£7,456		(£4,635)
	**Current Years Earnings **		£12,091		£1,578

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

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These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

|Signed on behalf of the charity’s
Trustees|Print Name
Kirsten Burden
~~P|~~| |---|---| ||Signature
~~|~~| ||Position
Chair Person
~~a~~| ||Date
05 / 02 / 2023
~~a~~|

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SANDCASTLES PRE­SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 AUGUST 2022

1. ACCOUNTING POLICIES

These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Accounting and Reporting by Charities the statement of recommended practice for Charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts are rounded to the nearest £.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing these financial statements.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably and it is probable that income will be received.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 4 YEARS Fixtures and fittings 4 YEARS

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/expenditure for the year.

The company being a registered charity is exempt from corporation tax.

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2. DONATIONS AND LEGACIES

Donations and grants Fundraising 3. CHARITABLE ACTIVITIES £ Funded Fees Charitable activities 2022 93,337 Charitable activities 2021 62,682 4. EXPENDITURE ON CHARITABLE ACTIVITIES Staff costs Depreciation Rent Consumables Play Materials Play Activities Refreshments Cleaning and Waste Disposal Equipment Lease Repairs and Renewals Insurance IT Software Payroll and Bookkeeping Fees Postage Professional Fees Staff Training/clothing Stationary Telephone & Internet Governance Costs Miscellaneous Total unrestricted funds Yr ending 31 Aug 2022 Total unrestricted funds Yr ending 31 Aug 2021

£ £ 2022 2021 ­ ­ 1,041 1,112 £ £ Nursery Fees Total 8,805 102,142 4,883 67,565 £ £ 2022 2021 72,499 56,421 99 128 6,175 2,650 1,063 508 743 696 1,582 ­ 708 477 392 196 397 738 1,352 370 657 645 164 134 2,080 2,293 8 ­ 362 256 683 785 1,034 538 ­ ­ 200 100 895 163 91,093 67,099

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5. SUPPORT COSTS AND GOVERNANCE Operating lease charges Independent examiner fees	2022 £ 2021 £ 328 631 200 100
	528 731

6. TRUSTEES

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. No Trustee expenses have been incurred.

7. RELATED PARTY TRANSACTIONS

Remuneration of key management personnel 8. EMPLOYEES The Average number of employees during the year was Employment costs Pension costs 9. TANGIBLE FIXED ASSETS Computer Equipment £ Cost At 1 September 2021 8,488 Additions 0 At 31 August 2022 8,488 Depreciation At 1 September 2021 8,468 Depreciation charge 13 At 31 August 2022 8,481 Carrying Amount At 31 August 2022 7 At 31 August 2021 20	£ 2022 21,200 2022 6 £ 71,599 900 72,499 Fixtures and Fittings £ 8,577 0 8,577 8,492 85 8,577 0 86		£ 2021 20,280 2021 6 £ 55,810 611
			56,421 Total £ 17,065 0
			17,065 16,960 99
			17,058
			7
			106

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10. OTHER CREDITORS FALLING DUE WITHIN ONE YEAR

	2022	£	2021 £
Other creditors		0	458

11. OPERATING LEASE COMMITMENTS

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non­cancellable leases, which fall due as follows:

	2022 £	2021 £
Within one year	0	458
Between 2 and 5 years	0	0

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Sandcastles - Final annual report 21.22 final Sandcastles - Fin...t 21.22 final.pdf d41a81539101e44638491ac8a6c4d19fcc7712bb MM / DD / YYYY a Signed

05 / 02 / 2023 Sent for signature to Kirsten Burden 18:45:44 UTC ([e-mail]) from [e-mail] IP: 81.155.182.16 05 / 02 / 2023 Viewed by Kirsten Burden ([e-mail]) 22:29:59 UTC IP: 86.164.183.244 05 / 02 / 2023 Signed by Kirsten Burden ([e-mail]) 22:30:46 UTC IP: 86.164.183.244 05 / 02 / 2023 The document has been completed. 22:30:46 UTC