2021-03-31-accounts - Jumping Beans Garratt Park Playgroup

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Company Registration Number 05097760

J umping Beans Garratt Park Playgroup

Report and Financial Statements

31 March 2021

Jumping Beans Garratt Park Playgroup

Report and Financial Statements 31 March 2021

	Contents Page Legal and administrative details 3 Report of the Directors / Trustees 4 Report of the Independent Examiner 6 Statement of financial activities 7 Balance sheet 8 Notes to the financial statements 9

31 March 2021

Jumping Beans Garratt Park Playgroup

Legal and Administrative Details

Status

Jumping Beans Garratt Park Playgroup is a charitable company limited by guarantee

Directors / Trustees

Nicola Saker (Honorary Treasurer) Julia Lee Alexandra Jones Maisa Langford (Resigned 13 December 2020) Rebecca Gibson (Resigned 13 July 2020)

Company Secretary

Shakeira Lawson

Bankers

Barclays Bank plc 83 Wandsworth High Street Wandsworth London

Independent Examiner

Peter Selley Peter F. Selley & Co. 84 Belleville Road London SW11 6PP

Registered office

Katherine Low Settlement 108 Battersea High Street London SW11 3HP

Company Registration Number

05097760

Charity Number

1114342

Jumping Beans Garratt Park Playgroup

31 March 2021

Report of the Directors / Trustees

The Directors are also Trustees under charity law. The Directors / Trustees present their report and financial statements for Jumping Beans Garratt Park Playgroup (The Company) for the year ended 31 March 2021.

Principal activity

The object and principal activity of the Company is the provision of educational activities to pre-school children in a caring and family orientated environment.

Organisational structure

The company functions as an independent charitable entity, but is also a member of Childcare & Business Consultancy Services (CBCS).

Directors / Trustees

Those Directors / Trustees who held office during the year and subsequently are shown on page 3. The Directors / Trustees have no beneficial interests in the Company.

Significant Activities

The Company has sought to maintain a high quality of service to the children in its care. In particular, there have been regular reviews of the curricular, to ensure that the level and content of the education provided are appropriate and effective.

The expenditure for the year was £58,589 (2020: £75,428), compared to an income of £33,223 (2020: £57,831). Therefore the deficit for the year was £25,766 (2020: £17,597).

Despite the pandemic, in the year to March 2022, the Company continues to enjoy a high level of support from volunteers; individuals and local organisations. The staff members are continuing to undertake training that is benefiting them both personally and professionally.

Jumping Beans Garratt Park Playgroup

31 March 2021

Report of the Directors / Trustees (continued)

Guarantees

Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of a winding up. The total number of such guarantees at 31 March 2021 was 3 (2020: 3).

Small company provisions

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime in Part 15 of the Companies Act 2006. The Directors / Trustees consider that the Company is exempt from an audit.

Independent Examiner

Peter Selley of Peter F. Selley & Co. was appointed by the Directors / Trustees to carry out an independent examination of the Company’s accounts.

By order of the Board

Nicola Saker Director / Trustee

Katherine Low Settlement 108 Battersea High Street London SW11 3HP

29th March 2022

Report of the Independent Examiner

To the Directors / Trustees of Jumping Beans Garratt Park Playgroup

I report on the Company’s financial statements for the year ended 31 March 2021, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes 1 to 9. These financial statements have been prepared under the accounting policies set out therein.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company’s Trustees and the Company as a body, for this report.

Respective responsibilities of Directors / Trustees and Examiner

The Charity’s Trustees (who are the directors for the purposes of Charity law) are responsible for the preparation of the financial statements in accordance with applicable United Kingdom law. They also consider that the Charity is exempt from an audit. My responsibility is to carry out procedures designed to enable me to report on the matters set out in the statement below.

Basis of the Independent Examiner’s Report

My work was conducted in accordance with the Statements of Standards for Reporting Accountants, and so my procedures consisted of comparing the accounts with the accounting records kept by the Company, and making such limited enquiries of the officers of the Company as I considered necessary for the purposes of this report. These procedures provide only the assurance expressed in my statement.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements
a) to keep accounting records in accordance with the Companies Act 2006; and
b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practise (January 2015) and Financial Reporting Standard 102.

have not been met; and

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Peter Selley Peter F. Selley & Co. 84 Belleville Road London SW11 6PP

29th March 2022

Jumping Beans Garratt Park Playgroup

Statement of Financial Activities

Year ended 31 March 2021

Note Incoming resources Donations 2 Charitable activities 3 Investment income Other income Resources expended Direct charitable expenditure 4 Management and administration 5 Net movement in funds Other recognised gains or losses Fund balances brought forward Fund balances carried forward Restricted fund balances 9 Unrestricted fund balances	£ - 33,223 - - 33,223 44,340 14,649 58,589 (25,766) - 90,421 64,655 1,744 62,911 64,655		Year ended

Jumping Beans Garratt Park Playgroup

Balance Sheet

*Note* Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Creditors: Amounts falling due within one year 8 Net current assets Total assets less current liabilities Funds Restricted fund 9 Unrestricted funds Total equity shareholders’ funds	31 March 2021 £ 2,288 - 64,967 64,967 (2,600) 62,367 64,655 1,744 62,911 64,655	31 March 2020 £ 3,763
		278 90,885
		91,163 (4,505)
		86,658
		90,421
		2,041 88,380
		90,421

For the year ending 31[st] March 2021 the Company was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

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 responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime in Part 15 of the Companies Act 2006 and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise (January 2015) and Financial Reporting Standard 102.

These financial statements were approved by the Board of Directors / Trustees on 29th March 2022 and signed on its behalf by:-

Nicola Saker Director / Trustee

Jumping Beans Garratt Park Playgroup

Notes to the Financial Statements

1 Accounting policies

The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise (January 2015) and Financial Reporting Standard 102.

The particular accounting policies adopted are described below.

(i) Income

Voluntary income is received by way of donations and gifts and is included in income in full when received.

Donations in kind are valued and included in income to the extent that they represent goods or services that would otherwise be purchased.

Proceeds from fees charged are recognised as income in the year in which they are receivable.

A Restricted Fund is a fund that is to be used for a specific use, as laid down by the donor. Expenditure that meets the specific criteria is identified to that fund.

(ii) Management and administrative costs

Management and administrative costs relate to all costs incurred in the general administration of the charity, which cannot be directly attributed to the provision of child care services. These include all the costs of statutory compliance.

(iii) Depreciation

Tangible fixed assets are only recognised where there is an expectation that they will be used for more than one year and they cost more than £500. They are written off over their estimated useful lives. They are depreciated over their estimated useful lives on a straight line basis, principally as follows:

Toys and equipment 4 years Furniture and fittings 4 years

Jumping Beans Garratt Park Playgroup

Notes to the Financial Statements (continued)

2 Donations

Donations Fund-Raising activities	Year ended 31 March 2021 Year ended 31 March 2020 £ £ - - - 679 - 679	Year ended 31 March 2021 Year ended 31 March 2020 £ £ - - - 679 - 679	Year ended 31 March 2021 Year ended 31 March 2020 £ £ - - - 679 - 679
		March

			679

3 Charitable activities

Parental fees Wandsworth FNEP fees (Including CJRS Furlough claims)	£ 9,912 23,311 33,223	£ 38,876 18,276
		57,152

4 Direct charitable expenditure

Salaries, wages, NI and agency costs Equipment Childrens’ Activities / Drama teaching Operational costs	£ 33,645 3,789 3,549 3,357 44,340	£ 40,725 8,636 5,056 1,769
		56,186

Jumping Beans Garratt Park Playgroup

Notes to the Financial Statements (continued)

5 Management and administration Rent Insurance Recruitment costs Fund raising expenses Management charges Accountancy Legal costs Training (set against the restricted fund) Miscellaneous Depreciation	Year ended 31 March 2021 Year ended 31 March 2020 £ £ 8,815 10,530 278 278 - 960 - 341 1,869 3,486 390 390 100 216 297 434 1,425 1,132 1,475 1,475 14,649 19,242	Year ended 31 March 2021 Year ended 31 March 2020 £ £ 8,815 10,530 278 278 - 960 - 341 1,869 3,486 390 390 100 216 297 434 1,425 1,132 1,475 1,475 14,649 19,242
		£ 10,530 278 960 341 3,486 390 216 434 1,132 1,475 19,242

6 Tangible assets

Cost: At 1 April 2020 Additions in the year Withdrawn in the year At 31 March 2021 Depreciation: At 1 April 2020 Charge for the year Withdrawn in the year At 31 March 2021 Net book value: At 31 March 2021 At 31 March 2020	Plant and Machinery £ 5,901 - -
	5,901
	(2,138) (1,475) -
	(3,613)
	2,288
	3,763

There were no material outstanding capital commitments (either contracted or authorised) as at 31 March 2021 and as at 31 March 2020.

Jumping Beans Garratt Park Playgroup

Notes to the Financial Statements (continued)

7 Debtors Debtors Prepayments 8 Creditors - amounts falling due within one year Taxation and National Insurance Accruals and deferred income	31 March 2021 £ - - - £ 1,000 1,600 2,600		31 March 2020 £ - 278 278 £ 557 3,948 4,505

9 Restricted Funds

The only current restricted fund is held for the training of staff. The balance at 31 March 2021 was £1,744 (2020: £2,041). £297 was utilised in the current year (2020: £434).