2024-03-31-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 2024

Jumping Beans Garratt Park Playgroup

Report and Financial Statements 31 March 2024

	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 2024

Jumping Beans Garratt Park Playgroup

Legal and Administrative Details

Status

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

Directors / Trustees

Phylicia Cameron (appointed 31 March 2024) Keith Lawson (appointed 31 March 2024) Nicola Saker (Resigned 6 March 2024) Julia Lee (Resigned 31 March 2024) Alexandra Jones (Resigned 6 March 2024) Arabella Simpson (Resigned 31 March 2024))

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

Garrett Park Childrens Centre Siward Road London SW17 0LA

Company Registration Number

05097760

Charity Number

1114342

Jumping Beans Garratt Park Playgroup

31 March 2024

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 2024.

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.

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 and Financial Review

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 £59,437 (2023: £86,264), compared to an income of £62,812 (2023: £49,804). Therefore the surplus for the year was £3,375 (2023: deficit £36,460).

The Trustees consider that there are no material uncertainties about the Company’s ability to continue as a going concern.

In the year to March 2025, 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 2024

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 2024 was 2 (2023: 4).

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

Shakeira Lawson Secretary Garrett Park Childrens Centre Siward Road London SW17 0LA

March 2025

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 2024, 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.

This report is made solely to the Company’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 the requirements of the Charities Act 2011 (the Act). 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 with the Act; 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

March2025

Jumping Beans Garratt Park Playgroup

Statement of Financial Activities

Year ended 31 March 2024 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	£ - 62,812 - - 62,812 45,298 14,139 59,437 3,375 - 4,759 8,134 2,000 6,134 8,134		Year ended

The notes to the accounts form part of the financial statements.

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 2024 £ 577 12,776 2,501 15,277 (7,720) 7,557 8,134 2,000 6,134 8,134	31 March 2023 £ 1,012
		- 9,285
		9,285 (5,538)
		3,747
		4,759
		- 4,759
		4,759

For the year ending 31[st] March 2024 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 7 March 2025 and signed on its behalf by:-

Phylicia Cameron Director / Trustee

The notes to the accounts form part of the financial statements.

Jumping Beans Garratt Park Playgroup

Notes to the Financial Statements

1 Accounting policies

Basis of preparation and assessment of going concern

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 Company constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Company’s ability to continue as a going concern.

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 3 Charitable activities Parental fees Wandsworth FNEP fees (Including £2,000 for a Restricted Fund – See Note 9) 4 Direct charitable expenditure Salaries, wages, NI and agency costs Equipment Childrens’ Activities / Drama teaching Operational costs	Year ended 31 March 2024 Year ended 31 March 2023 £ £ - - - - - - £ £ 14,548 11,381 48,264 38,423 62,812 49,804 £ £ 39,974 43,646 1,868 1,942 2,555 6,845 901 14,762 45,298 67,195	Year ended 31 March 2024 Year ended 31 March 2023 £ £ - - - - - - £ £ 14,548 11,381 48,264 38,423 62,812 49,804 £ £ 39,974 43,646 1,868 1,942 2,555 6,845 901 14,762 45,298 67,195	Year ended 31 March 2024 Year ended 31 March 2023 £ £ - - - - - - £ £ 14,548 11,381 48,264 38,423 62,812 49,804 £ £ 39,974 43,646 1,868 1,942 2,555 6,845 901 14,762 45,298 67,195
		March

			-
			£ 11,381 38,423
			49,804
			£ 43,646 1,942 6,845 14,762
			67,195

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 Miscellaneous Depreciation 6 Tangible assets Cost: At 1 April 2023 Additions in the year Withdrawn in the year At 31 March 2024 Depreciation: At 1 April 2023 Charge for the year Withdrawn in the year At 31 March 2024 Net book value: At 31 March 2024 At 31 March 2023	Year ended 31 March 2024 £ 12,530 343 - - 394 390 - - 47 435 14,139	Year ended 31 March 2023	Year ended 31 March 2023
			£ 10,530 318 - - 3,663 390 - 680 2,065 1,423 19,069 Plant and Machinery £ 7,643 - - 7,643 (6,631) (435) - (7,066) 577 1,012

There were no material outstanding capital commitments (either contracted or authorised) as at 31 March 2024 and as at 31 March 2023.

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 2024 £ 12,776 - 12,776 £ 850 6,870 7,720		31 March 2023 £ - - - £ 350 5,188 5,538

9 Restricted Funds

The restricted fund at 31 March 2024 was to cater for the needs of a child with special needs. The balance at 31 March 2024 was £2,000 (2023: £Nil).

Prior to that, there had been a restricted fund, which had been held for the training of staff. This was fully utilised by 31 March 2023.

Nothing was utilised, by either fund, in the current year (2023: £599).