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: - 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 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. 1 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 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. 2 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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. 3 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; - 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. 4 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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 5 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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. 6 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 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 ~~—~~ 7 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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. 8 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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| |---|---| 9 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 |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| 10 Doc ID: 69fda2a867eb0d8672c316db6b3dd8eae76dd7c4 ## 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| 11 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