Charity Registration Number 1100330
Company Registration number 04884359
SANDCASTLES PRE-SCHOOL PLAYGROUP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR YEAR ENDING 31 AUGUST 2023
Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4
SANDCASTLES PRE-SCHOOL PLAYGROUP
CONTENTS
| Trustees report | Page 1 – 3 |
|---|---|
| Statements of Trustees responsibility | Page 4 |
| Statement of financial activities | Page 5 |
| Balance sheet | Page 6-7 |
| Notes to financial statements | Page 8 – 11 |
Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4
SANDCASTLES PRE-SCHOOL PLAYGROUP
TRUSTEES REPORT
FOR THE YEAR ENDING 31 AUGUST 2023
The trustees present their annual report and financial statements for the year ending 31 August 2023.
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:
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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
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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
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Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs
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Instigating and adhering to and furthering the aim of the pre-school 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 2022, had a good start to the year, having 21 children on role. There has been two college students on placement from September to the end of term June 2023, and the other student until January 2023.
In December, Christmas play Parents were invited this year (no Covid restriction) Along with our two Christmas hampers and the raffle we raised £212.00. One of the raffles was donated by a company that we buy our ink from.
March Easter fun day, parents attended, and we held our Easter egg raffle.
March 31st, we closed for a staff training day, in the morning we had Matt Green into discuss about Emotional coaching and in the afternoon, we had Elaine Adams talking about Speech and Language.
June, Bags for school raised £140.00.
June, Reem handed in her noticed moving back to Montessori nursery.
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June, the older children had transition into Connor school. July Connor Downs school fete, we raised £147.50.
FINANCIAL REVIEW
The results for the year are shown in the statement of financial activities and show a net profit of £4,333 (profit of £12,091 in 2022) together with the reserves brought forward give a total reserves figure at the year-end of £55,788 (£51,717 in 2022).
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 pre-school playgroup is a company limited by guarantee governed by its Memorandum and Articles of Association. It became a registered charity on 27 October 2003. 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.
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SANDCASTLES PRE-SCHOOL PLAYGROUP
LIST OF TRUSTEES
FOR THE YEAR ENDING 31 AUGUST 2023
TRUSTEES The Trustees are also the Directors for the purpose of company law;
G Shilston A Allen K Burden L Rescorla J Marrion C Mcleish V Rouncefield 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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Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4
SANDCASTLES PRE-SCHOOL PLAYGROUP
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDING 31 AUGUST 2023
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;
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Select suitable financial statements and then apply them consistently
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Observe the methods and principals in charity SORP
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Make judgments and estimates that are reasonable and prudent
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State whether applicable UK accounting standards have been followed
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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 PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITES
FOR THE YEAR ENDING 31 AUGUST 2023
| Income from | 2023 | 2022 | Note | |
|---|---|---|---|---|
| Donations and Grants | - | - | 2 |
|
| FundraisingIncome | £267 | £1,041 | ||
| Charitable Activities | £110,685 | £102,143 | 3 |
|
| Other Income | - | - | ||
| Total Income | £110,952 | £103,184 | ||
| Expenditure on | ||||
| Charitable Activities | £106,619 | £91,093 | 4 |
|
| Net Profit/Loss for the Year | £4,333 | £12,091 | ||
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 PRE-SCHOOL PLAYGROUP
BALANCE SHEET
FOR THE YEAR ENDING 31 AUGUST 2023
| 31 Aug 2023 |
31 Aug 2022 |
|||||
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Business Account | £34,082 | £30,010 | ||||
| Savings Account | £21,657 | £21.657 | ||||
| Ltd Co Account | £50 | £50 | ||||
| Total in the Bank | £55,788 | £51,717 | ||||
| Prepayments | - | - | ||||
| Fixed Assets | ||||||
| Computer Equipment | £8,488 | £8,488 | ||||
| Depreciation on Computer Equi. | (£8,488) | (£8,481) | ||||
| Fixtures and Fittings | £8,577 | £8,577 | ||||
| Depreciation on Fixtures and Fit. | (£8,577) | (£8,577) | ||||
| CarryingAmount | £0 | £7 | ||||
| Total Assets | £55,788 | £51,724 | ||||
| Current Liabilities | ||||||
| Accounts Payable | - | £270 | ||||
| Reserves Brought Forward | £43,998 | £43,998 | ||||
| Net Assets | £11,789 | 7,456 | ||||
| **Current Years Earnings ** | £4,333 | £12,091 |
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 Kirsten Burden Print Name Trustees ~~fT~~ Signature ~~a~~ Chairman Position ~~fT~~ 04 / 23 / 2024 Date ~~—~~
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SANDCASTLES PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2023
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 2023 104,491 Charitable activities 2022 93,337 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 2023 Total unrestricted funds Yr ending 31 Aug 2022 |
£ £ 2023 2022 - - 267 1,041 £ £ Nursery Fees Total 6,194 110,685 8,805 102,142 £ £ 2023 2022 86,267 72,499 7 99 5,199 6,175 1,085 1,063 2,856 743 2,250 1,582 1,033 708 308 392 707 397 860 1,352 677 657 169 164 2,280 2,080 14 8 167 362 418 683 1,665 1034 320 - 200 200 137 895 106,619 91,093 |
|---|---|
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| 5. SUPPORT COSTS AND GOVERNANCE Operating lease charges Independent examiner fees |
2023 £ 2022 £ 642 328 200 200 |
|---|---|
| 842 528 |
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 2022 8,488 Additions 0 At 31 August 2023 8,488 Depreciation At 1 September 2022 8,481 Depreciation charge 7 At 31 August 2023 8,488 Carrying Amount At 31 August 2023 0 At 31 August 2022 7 |
£ 2023 23,192 2023 7 £ 85,139 1,127 86,267 Fixtures and Fittings £ 8,577 0 8,577 8,577 0 8,577 0 0 |
£ 2022 21,200 2022 6 £ 71,599 900 |
|
|---|---|---|---|
| 72,499 Total £ 17,065 0 |
|||
| 17,065 17,058 7 |
|||
| 17,06 | |||
| 0 | |||
| 7 |
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10. OTHER CREDITORS FALLING DUE WITHIN ONE YEAR
| 2023 | £ | 2022 | £ | |
|---|---|---|---|---|
| Other creditors | 0 | 0 |
11. OPERATING LEASE COMMITMENTS
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable leases, which fall due as follows:
| 2023 £ | 2022 £ | |
|---|---|---|
| Within one year | 437 | 0 |
| Between 2 and 5 years | 1,748 | 0 |
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Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4
Sandcastles - Final annual report 22.23 Signed Sandcastles - Fin... 22.23 Signed.pdf 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 MM / DD / YYYY a Signed
04 / 22 / 2024 Sent for signature to Kirsten Burden 18:03:09 UTC (kirstenburden@btinternet.com) from billiejoroyle@gmail.com IP: 162.125.31.66 04 / 23 / 2024 Viewed by Kirsten Burden (kirstenburden@btinternet.com) 08:34:08 UTC IP: 165.120.131.123 04 / 23 / 2024 Signed by Kirsten Burden (kirstenburden@btinternet.com) 08:35:30 UTC IP: 165.120.131.123 04 / 23 / 2024 The document has been completed. 08:35:30 UTC