ALTON COMMUNITY PLAYSCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Company registered number 05097495 Charity Number 1106438
ALTON COMMUNITY PLAYSCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Contents Reference & Administrative Information Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9~12
ALTON COMMUNITY PLAYSCHOOL YEAR ENDED 31 MARCH 2023 Reference and Administrative Information Incorporated in England and Wales on 7 April 2004 Number Charity Company 1106438 05097495 Directors and Trustees C Motoca M Henderson Reilly A Pozzi R Giovanetti N Kashtelyan A Simpey H-M Bond B Foreman (resigned 15 December 2022) Registered Office Fontley Way London SW15 4LY Bankers Metro Bank One Southampton Row London WCIB SHA Independent Examiner V Webb FCA 11 Montague Drive Caterham Surrey CR3 5BY
ALTON COMThtUNITY PLAYSCHOOL TRUSTEES REPORT for the year ended 31 March 2023 The Management Committee presents its report and financial statements for the year ended 31 March 202a. Alton Community Playschool was established in 1985. Alton functions as an independent entity. Leg21 Status Alton Community Playschool is an educational charity and a company limited by guarantee, incorporated on 7 April 2004. The Company was established under a Memorandum of Associatio which established the objects and powers of the charitable company and is governed by its Articles of Association. If the company is close(L members are required to contribute an amount not exceeding £1. Recrnitment and Appointment of Dirtttors The Management Committee are also charity trustees for the purposes of charity law. People interested in becoming a 11 member of the Management Committee are nominated and seconded at the Annual General Meeting, after which a membership ballot is presenL Most new Directors are familiar with the work ofthe charity. However. new tteeS are encouraged to attend an induction session to familiarize themselves with the role of the Management Committee. The Chair of the Management Committee and the Nominated Person jointly lead these. The sessions cover the obligations of Management Conunittee members, the content of the Memorandum and Articles of Association and the Strategic Plan of the Association. Training is available to Management Committee memb¢rs, inGluding employment and safeguarding issues such as Disciplinary & Grievance Procedures, Managing Absence. Leadership trainin& and financial man4oemenL New Trustees and Management Committee members have been added to the Companies Hous4 they are as follows: C. moto M. Henderson Reilty. A. Pozzi, IL Giovanetti. N. Kashtetyan. L Simpey and H.-hL Bond. Risk Policy Internal risks are minimized by implementing procedures for authorizing a]1 transactions and projects and ensuring consistent delivery for OptiOnal aspects ofthe charitable company. These procedures are periodically reviewed to ensure that they still the charity's Deeds. Organizational Strncture Alton Community Playschool has a Management Committee in place, and day-to-day responsibility for providing services rests with the Nominated Person. The manaoers are responsible for ensuring that the charity delivers the services specified and that key perforn]anGc indicators are meL They are also responsible for the supervision and lin¢ management of the respective childcare teams in the playrooms. One director is the named person with Ofsted.
ALTON COMMUNITY PLAYSCBOOL TRUSTEES REPORT (continued) for the year ended 31 March 2023 Related Parties In so as it is complimentary to the charity's objects, it is guided by local and national policy. At a national level, the charity is steered by the 'Early Years Foundation Stage. strategy. Objectives of the Association The primary aims of th¢ associatio as defmed in its Memorandum and Articles of Association, are *0 provide the necessary facilities for the daily care. recreAtion and education of children up to and including the age of five years primarity from and in the London Borough of WandswortlL to advance the education and training fi)r persons in the provisions of such care. education and recreation facilities." Financial Controls ACP operates full internal fmancial controls following the guidelines oudined by the Charity Commissioners in March 1996 in their publication "Interna] Financial Controls for Charities" (Publication CC8) Investment Powers and RtrieOnS ACP has no special investment powers, and no restrictions apply except those contained within the Trustee Invesknent Act Alton Community Playschool believes that their overall objectives were achieved during the year. Due to the financial crisis, fimdraising activities have been difficulL Yet, we have developed a page. JustGiving, run by the Gommittee of directors and trustses. In this way, we aim to raise mor¢ funds to aGhi¢ve and g¢neratc the appropriat¢ amount of funding to reduce the deficit. Much of the deficit that we hold is due to an increased number of children with Special Educational Needs and Disabilities who need an enhanced ratio. Therefore, the numlw of staff members we employ is higher than ever. Moreover. a sensory classroom has been developed to enable children with Special Educational Needs and Disabilities (SEND) to access sma]I group activities to regulate their behaviour and further support their learning and developrnent. This development was necessary as we have seen an increased number of children pr¢sentin8 with difficulti¢s in their learning in the last few years. It was also suggested by the local authority to enable those children to have that type of provision in place to regulate their emotions and learn at their own pace. Business rates went up quite significantly in the last couple of 11 Ye5. Yet, we have se£ured three educational plans for this year, ensuring more funding for our organization in the next fmancial year. From a risk assessment perspective. we must ensure that anyone visiting our premises is safe. So, we had to do some building work to ensure that the building was appropriately equipped and safe, which also impacted on our finances. The children enjoyed having the builders from next door on~site to show them the large machinery they use to build new flats. We had the opportunity to go on a trip organized alongside the L(Kal Authority to the English Heritage site, where many of our children could see bees and trees. draw and have a picnic. We had important visitors, such as MP Fleur Anderson, Counciljor Kate StocK and the Deputy Mayor of Wandsworth. Our children contributed to the community Christmas decoration and sang Christmas carols around the Christmas tree alongside the Mayor of Wandsworth and other schools. We participated in the buried community time capsule to celebrate the King's Coronation. We identified some 11 families struggling fanCIallY, and those were supported with food from a Food Bank Charity. Sorne of our famili¢s have also been supported with nappies and wipes donated by our local MP, Fleur Anderson. Sessional Care The Centre continues to offer sessional care. This is still very popular. Fifteen-Hour Care and Education Alton offers fifteen hours each weck in line with Wandsworth funding for all 3- & 4-year-olds and fifteen hours each week
ALTON COMMUNTTY PLAYSCHOOL TRUSTEES REPORT (continued) for the year ended 31 March 2023 for tWO•year•olds. If they are classed as eligible by Wandsword4 these sessions aTr very popular, and most parents use this for five thretrhour sessions each week terni time. The funding for 2 to 4-year-olds has increased since September 2023. The funding has increased by 36% per chiId for children aged two years. which will support us financially. Thefore, it was agreed at the last AGM to uptake more 2-year-old ehil&en to ensure that thc outstanding deficit is significandy reduced. -hour Care and Education ACP has offered thirty hours for children aged 3 to 4 years old whose parents are eligible since September 2017. The playschool has taken advantage of the training offered by Wandsworth Early Years and Nursery Inclusion for All ProjecL Safeguarding. First Al Early Talk BoosL Risk Assessment EYFS, Early Years Professional Development as part of the Early Years Education Recovery Programme. Level 3 SENCO training delivered by the Department of Educatio Reading Environments, Epilepsy Awarenes& Basic Autism Awareness. Early Years Making Sense of Autism, Mttting the Needs of Deaf Pupil4 Slow Knowledge and unhUled chil univeIty of Roehampton Frobel Conference, Connect. Nurture. Challenge,.
ALTON COMMUNTfY PLAYSCHOOL TRUSTEES REPORT (continued) for the year ended 31 March 2023 Fund Raisin Due to the financial crisis, fundraising activiti&8 have been a challenge this year. Ypp il Premium Funding from EYPP will enable the playschool to purchase special equipment to support individual childr¢n. rivation Su lement Some children may be eligible for a deprivation supplement calculated using the Income Deprivation Affecting Children Index (tDACD rating for the child's postcode: The provider should use the funding to help support children from s(Kially deprived backgrounds. SEN Inclusion Fund It was introduced in 2018 for children 3 to 4 years old and in 2019 for chilthwen two years old. The chilthen who qualify will have access to extra support in tenns of resources or special classes suth as yoga or physical education classes. This has be¢n remarkabty successful so far, enabling us to appropriately support children with special educational needs. NIPA Inclusion Pro-ect f All urse It was introduced in 2019 and benefits each academic year five chilthen with Special Educational Needs 3 and 4 years old and their parents with specific reU¢S, artivities, and classes. This was a success. OFSTED Ins ection Last OFSTED 1st of March 2018. OUSTANDING in Personal developmenL behaviour. and welfare. GOOD rating overall. Future flans The future plans are as follows: To promote the free 15 houTS and 30 hours for 2 3- and 4-year-old To develop the garden to reflect the seven areas of learning and further support thildren's learning and developmenL To enable more two years to attend the nursery as the funding has increased siLfiCantlY Signed on behalf of the Management Committee C Motoca VAI, Date: 2411-2023
ALTON COMMUNITY PLAYSCHOOL Independent examinerfs report to the trustees of Alton Community Playschool I report to the charitys trustees on my examination of the accounts of Alton Community Playschool (the Trust) for the year ended 31" March 2023. Responsibilities and basis of report The trustees ( who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 { the 2006 Act) I report in respect of my examination of the charitvs accounts carried out under sertion 145 of the Charities Act 2011 ( the 2011 Act)and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination which gives me cause to believe that in, any material respect: (l) the accounting records were not kept in accordance with sertion 386 of the 2006 Att; or (2) the accounts did not accord with these records. or (3) the accounts did not comply with the accounting requirements of sertion 396 of the 2006 Att other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination or (4) The accounts had not been prepared in accordance with the methods and principles of the Statement of Recommended Practice . Accounting and Reporting by Charities. 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. Name Valerie Webb FCA Signed Date Address 11 Montague Drive, Caterham. CR3 5BY
ALTON COMMUNITY PLAYSCHOOL STATEMENT OF FINANCIAL ACTIVITIES ( INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT ) for the year ended 31 March 2023 Unrestricted Restricted Total funds funds funds Total funds 2023 2023 2023 2022 Income Fund raising Charitable activities 200 265,486 200 322,147 56,661 329,990 Total 265,686 56,661 322,347 329,990 Expenditure Charitable activities 311,088 80,711 391,799 353,799 311,088 80,711 391,799 353,799 Net loss the year (45,402) (24,050) (69,452) (23,809) Total funds brought forward 46,157 31,229 77,386 101,195 Total funds carried forward £755 £7,179 £7,934 £77,386
ALTON COMMUNrrY PIAYSCHOOL BALANCE SHEEr for the year ended 31 Marth 2023 Unrestrirted Restrirted Total funds funds Total Note 2023 2023 2023 2022 Tangible assets Totsl fixed assets 27,338 27,338 10,294 10.294 37,632 37.632 18,064 18,064 Current Assets Cash at Bank and in hand Prepayments 8.666 300 8,966 (3,115) 5,551 3W 5,851 80,769 1,927 82,696 (3,115) Current Liabiliti Creditors: amounts falling within one year one year (11,049) (11,049) {23,374) Net current assets (2,083) (3.115) (5.198) 59.322 LESS Long Term Liabilities (24,500) (24,500) Totsl Assets less Liabilities £755 £7,179 £7.934 £77,386 Funds of the Chaiity Restrlcted fvnds - Education Funds Unrestrirted funds 7,179 7.179 755 31.229 46,157 755 £755 £7,179 £7,934 £77,386 The company was entitled to exemption from audit under $477 of the Companies Art 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 dirertors acknowledge their responsibilitie5 for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordan w.th FRS102 SORP. Signed by one ' Signature of d Signed Name Date f trustee/director on behalf of all trustees/directors or autheng-cating accounts being sent to Companies House NofLc 11
ALTON COMMUNITY PLAYSCHOOL NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 IAccounting policles The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements Statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Report Standard applicable in the UK and Republic of Ireland (FRS102). They also comply with the Companies Act and Charities Act 2011. Basis of Preparation The playschool meets the definition of a public entity under FRSIO2. Going Concern. The trustees consider that there are no material uncertainties about the charitvs ability to continue as a going concern. Income resources and resources expended All income is recognised once the charity has entitlement to the income. All expenditure is recognised once there is a legal or constructive obligation to that expenditure. Support Costs Support costs include central functions and have been allocated to activity Cost categories on a basis cost with the use of resources. Governance Costs These include costs attributable to the charitrfs compliance with constitutional and statutory requirements including Independent Examinerfs fees and accountancy services. Fixed Assets and Depreciation Tangible fixed assets are stated at cost less depreciation. Equipment costing over £500 15 capitalised and depreciation is charged at rates estimated to write off the cost of the assets over their estimated lives on a reducing balance basis of 25Yo per annum Computer equipment. Depreciation is charged at the rate of 250A of cost per annum. Sensory Room. Depreciation is charged at the rate of 25Yo of cost per annum. Building Costs relate to Fire and Safety Regulations. Depreciation is charged at the rate of 25% of cost per annum
ALTON COMMUNITY PLAYSCHOOL NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 2023 2022 2 Governance costs Independent examiner's fee 460 460 Accountancy services 240 £700 240 £700 3 Staff costs 2023 2022 Salaries and wages Social Security costs Pension costs 295,154 13,659 3,887 £312,700 257,621 10,778 4,513 £272,912 The staff costs include £ 64,190 which relates to restricted funds (2022 £60,081) 2023 20 2022 19 Average head count in year No employee received emoluments of more than £60,000 during the year (2022:NIL) 4 Trustees/Directors remuneration l Member of staff who is a trustee and director received remuneration for her employment. No remuneration was paid for her role as a trustee. C Motoca remuneration £ 41,200 (2022 £ 38,980) 5 Pension Scheme The charity operates a defined contribution pension scheme. The pension charge for the year represents contributions payable by the charity to the scheme and amounted to £ 3,887(2022 £ 4513) 10
ALTON COMMUNITY PLAYSCHOOL NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 6 Fixed Assets Building Sensory Room Equipment Computer Total Equipment Cost Balance at l April 2022 Additions Disposals Balance at 31 March 2023 50,509 51,093 32,162 19,015 13,147 £19.015 £13,147 £50,509 £584 £83,255 Depreciation Balance at l April 2022 Charge for the year On disposal Balance at 31 March 2023 32,883 4,407 146 146 33,029 12,594 4.754 3.287 £4,754 £3,287 £37,290 £292 £45,623 Net Book Value Balance at 31 March 2023 Balance at 31 March 2022 £14,261 £9,860 £13,219 £17,626 £292 £438 £37,632 £18,064 11
ALTON COMMUNITY PLAYSCHOOL NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 2023 2023 2023 2022 7 Cash at bank and in hand Restricted Unrestricted Total funds funds Total Cash at bank and in hand (3,115) 8,666 5,551 80,769 8 Creditors . Amounts falling due within one year Restricted Unrestricted Total funds funds Total Grants received in advance Accruals Taxation and social security 17,177 700 5,497 23,374 1,366 9,683 11,049 1,366 9,683 11,049 9 Long Term Liabilities: Loans £24,500 £24,500 The above amount consists of two loans personally guaranteed by a director. £0 12