## **High Cross Playgroup – Trustees Report** ## **Year Ending 31 March 2022** This is the trustees’ annual report and audited accounts for the year ending March 2022 and confirm that they comply with the governing document of the charity; the Charities Act 2011 (as amended) and the Statement of Recommended Practice (2005): Accounting and Reporting by Charities. In compliance with Charity Law in England and Wales, the trustees have the responsibility of ensuring that an annual report and financial statement are prepared in line Accounting Standards Board code of practice. The trustees have instructed in an independent examiner to provide a financial statement. The report aims to provide a fair and accurate view of our charity’s state of affairs and the incoming and outgoing finances of the group. The trustees have had regard to the guidance issued by the Charity Commission on public benefit in preparing this statemen in particular the guidance regarding education and firmly believe our services sit within this aspect. ## **Aims and objectives** We are a charity providing safe, fun filled educational sessional and full-time day care for children aged two-to-five years within our local community. Our objectives are to provide affordable day care in a fair, open and equal opportunity environment, with a view to educating and developing children in readiness for school nursery and reception class at primary school. We also aim to support families in ensuring their children are achieving at their best potential. ## **Structure and Governance** Our charity is governed by way of constitution which is the governing document of our group and is constituted as an unincorporated association. Our charity trustees have control and management of the charity’s charitable activities. The trustees decide on the manner the charitable funds are used, in order to develop and provide a well-rounded service to members of our local community. In doing so, the trustees have had regard to the Charity Commission’s guidance on Public benefit. Potential trustees are interviewed and approved by the current trustees after relevant checks with the Disclosure and Barring Service and OfSted, to establish that the candidates are suitable to be engaged to work with children. The trustees also work in collaboration with the staffing team and the management committee who have the delegated responsibility to ensure the setting is meeting their statutory duties and obligations, to review and provide updates on the group’s standing on a regular basis. Committee members are elected annually during our AGM meeting. Achlevements We have following the COVID-19 pandemic began to see a return of client5 to our services and have been supporting our clients in the Changeover from the COVID-19 re5trirtions back into a less restrictive environment. As a result of our effort5 over the course of this year and last, we have maintained a sense of stability and reassurance for our clients. We have had a return to the normal functioning of the setting and have begun to see a slow increase in our numbers. Despite the various economic challenges, we have continued to 5UPPOrt our families through our collaborative work with the local authority and various organisations to ensure that families have access to the appropriate support at the right time. We continue to deliver our high standard of services and have supported a number of clients in making the successful transition to Primary School. Flnancial overniew and revlew The group's main Sour￿ of income is through fees collerted from fee paying clients, in onjunction with funding from local government authorities. The group also receives at times, small donations from local businesses and individual donors. Where required the group will also fundraise for specific projects or items. The group aims to ensure its financlal stability by aiming to grow and maintain a surplus of unrestricted funds of three months operating costs. Followingthe COVID pandemic we saw severe reductlon In our numbers which has had a significant impact upon reserves, but it is anticipated that this will improve as we seek new clients. We do not have our funds invested in any long-term investments at present. The basis for this isto ensure that funds are available for the day-to-day operations of the business and if required to cover unexpected and unforeseen clrcumstances. The financial report for the group has been Independently assessed and is submitted following approval on behalf of the trustees. This sets out the financial position of group. Declaration Signed on behalf of the trustees: iJ.WLLLO(zs-B£kS Signed: Date: 3>1 • HIGH CROSS PLAYGROUP FINANCIAL STATEMENT AND TRUSTEES REPORT FOR TWELVE MONTHS PERIOD ENDED 31 March 2022 CHARITY REGISTERED NO. 1117901 HIGH CROSS PLAYGROUP ADMlh'lSTRATIVE DrrAIIS Th¢ Irusl¢¢s preseni their annual reFK)rt and tinancial rL"N'iew lor ihL' Vear ended 31 March 2022. The accounts comply wilh Ihe Sthiulor) requireinenLs ol.the cliarilv's bVOI'erninb' d(Kument. Registered and Postal Address Colsterworth Road Tottenham London N154BN Tel.. 0208 216 9111 Sandria Willocks Statusg governing document. *nd ronstilution The Playgroup is conslituted &s charitable orgyanisaiion ￿￿TIs1ered wilh the Charity Commission. li is administered under a cons11t￿l00. which has been approved ￿. the charity Commi&8ion Charity. Registration No: 1117901 Trustees Janine Stolz Natalia Willocks-Briscoe Management Committee Natalia Willucks-Briscoe Janine Stolz Latoya Hall Donette Watson Tracy Reid Nadin¢ Brown chai￿)erson Treasurer Vice Treasurer Fundraiser Vice Fundraiser Secretary Banker5 Alliance and Leicester Commercial Bank BBAM. Bridle Road Booile Merseyside GIR OAA Independeni Ex2mineT3 Aiia & Co. Chartered Certified Accountanls & ReL5lStered Auditors 32 Keir Hardie Estate. Springfield. London E5 9AT Pag¥e l ot-9 HIGH CROSS PLAYGROUP Report of the Irustees For the year ended 31 Mar¢h 2022 The iruslees presenl iheir rewyrt and the financial siaiements for the year ended 31 March 2022. The trustees who served during the year and up to ihe dale of ihis report are Sel out on page l. Strueture* governance, and management High Cross Playgroup is a re&iislered charily. T￿lIsIered t"roTn 8 February 2007 and the charity registration numkr is 1117901 Objectives and activities Higyh Cross PlaygFroup is a muliirycultural Pla)'group which provides sessional day care and pre- school education lor children under live years ol'agie wiihin the Lo7thn Botough ot. Haringyey. We aim: l. To provide a high qualiiy ot-childcare in a sat-e. carin&F and stimulatingF environment. 2. To work in partnership with Parenls. Carers. Ofsted Early YeaTS and Haringey Council as part of the Children s pro&JramTne in planning the Care and provision of services lo Children. 3. To provide an educational and recreational resource for childr¢n under live. includin those with special need& and their parent&'carers in Ihe interests ot"social welfare and wilh ihe object ol. improi'ingy Iheir conditions ot life and giivingi them experience of and access lo a wider environm¢ni {through ouiingFs eic) 4. To advocale ihe policy ot learningy Ihrough pla!. and lo enable ihe children lo become independent learners throubih the activities proi'ided. Ihereby p￿paring5 ihe children for school and eveT)day lile. 5. To promote and encoura&ie an inclusive childcare practise ihat is implemented Ihroughoul the Nursery by par¢nrs and slat7 and is shown in ihe adn)issions policy. equal opwrtunities policy. play equipmenl. aclivilies orgianised. lood. events and oulingjs elc. 6. To identily and monitor the individual needs of'each child and develop appropriale child¢aTe praclices according lo iheir iieeds. This is implemenied through the Keyworker system. Achievement5 and performance High Cross PlaygFroup has approximately 40 Lhildren all with their own indtvidual needs and the nursery charitable funds are used io advan¢¢ the eduLalional: recreaiional. and culiural opportunities lo lh¢ children. Financial review The atlached financial siaiemenl shows the cu￿ent stale offinance& which (he committee consider to be salistactory. During the p¢riiNJ a loss ot £J8.520 was made. which reduced ihe surplus brou&yhi t"orward ot £89.219 (see noie 9) resulting in a surplus ot"£50.699 to be carried forniard and will fund future developmenlal activities lor the children. Risk mana%ement The management committee examine ihe major risks that the nursery faces each financial yeaT when preparing and updatingi ihe strategiiL plan. The charity has developed syslems lo moniior and control ihese risks lo mitig¥aie any impacl ihal they may have on ihe nursery in the future. Pagje ! 01.9 HIGH CROSS PLAYGROUP Report of the trnstees, responsibilities Charily Law requires the Board io prepare financial slatemenls for each financial year which give a true and fair view ot-lhe stale ol"at7airs of the charil} as ai ihc end ot-lhe financial year and ol. Ihe surplus or deficil of ihe charity. In preparingy those tinancial slatemenls ihe Board is required to: . select suitable a¢couniing policies and ihen apply them consislentlv. make.judgevnents and eslimales thal ar¢ reasonable and prudeni: and prepare th¢ financial Stsiements on the L70ingi Co￿ern basis unless il is inappropriate to presume that ihe charity will continue in business. The Irustees are also responsible t-or mainlaininL' proper accountingi r¢cords which disclose with reasonable accuracy at any lime the financial FK)Sition ot"Ihe charily and which are sutficient io show and explain the charily's transactions and enable ihem lo ensure ihal th¢ tinancial slalem¢nls comply with regjulaiions made under the Charilies Act 2006. They are also responsible for safegjuardingy ihe assels ot the chariiy and henLe lor iakingi reasonable sleps for the prevenlion and detection of Irdud l￿d oiheT iTheLiularities. On behalt of the board Natalia Willo¢ks-BTiscoe Date- Pa¥Je J 01-9 HIGH CROSS PLAYGROUP Independent Examiner's report ¢0 the Irustees on the unaudiled financial st*tements of High Cross PIAygroup. I report on ihe financial statemenis of High ('ross Plaligyroup t-or ihe year ended 31 March 2022 which comprise the Sialevnent ol- linanLial aclii'ilies. Ihe balance sheei aiid the related noles. These financial slal¢m¢nis have been prepared in accordance wilh the Financial Reporting Standard lor Smaller Eniities lefleclive April 2008). under the historical cost convention and ihe accounting policies se( oui therein. Respective reyponsibilities of trnstees and independent examiner As the charities irustees you are responsibl¢ for Ihe preparation of Ihe accounts. you consider thai ihe audit rcquirement ol. section 43(?) ol"Ihe Charities Aci 1993 {Ihe Act). as amended by s.28 ot the Charities Aci 2006 does nol applv. It is MJ restK)nsibilil! to examine the accounts under section 43 ot Ihe Act. as amended. to follom. procedures specified in the General Directions given by the Charily Commissioners under section 43{7)(b) ol.the Act as amended, whether particular matters have ¢om¢ io m). atieniii)n. Basis of Independent Examiner's report My examination was ca￿led oul in accordanc¢ wilh Ihe General Direclions bFiven by ihe Charity Commissioners. An examination includes a r¢i'ieH' ol-lhe accountingi records k¢pi by Ihe charity and a comparison ot-the accounts pre￿nted wilh those records. It also includes consideralion of any unusual ilems or disclosures in Ihe accounls and seekingi explanalions Iroln you as Irust¢¢s concemingv an} such matters. The procedures undertaken do not provide all ihe evidence that would be required in an audii. and cnns¢quentl)' I do noi express an audil opinion on ihe view g?iv¢n by the accounls. Independent Examiner's statement In connection wilh my ￿aMination. no matter has come (o my aitention: which gives m¢ reasonable cause to believe ihat in any material respecl the requirements to keep aecountingj records in acLordan¢e with Seclion 41 ot the 1993 Act: and io prepare accounts which accord wilh Ihe accountin&¥ records and comply with the accounting requir¢m¢nts of ihe 199) ALI have noi been Inel: or 2. to which. in my opinion. atlenlion should be drawn in order lo enable a proper understanding of the accounts to be reached. F. J. Aita-Dankw examir Pagc4of9 HIGH CROSS PLAYGROUP STATEMENT OF FINANCIAL AcfiviTIES Notes Unrestricted Funds 2022 2021 Ineomin resources Voluniary Income Investment income 57.001 57.001 52.792 Total incoming resources 57.001 57,iKII 52,792 Resources ex ended Charitable expenditure- Direct charitablc cxpenditure 95.521 95,521 87.366 Total resources expended 95.521 95 521 87.366 Net incomingl(outgoing) resources before transfers (38.i20) (3LS20) (34.574) Funds b*lance as at l April 2020 89.219 89,219 123.793 Funds balanees ￿ at 31 March 2018 io 50.699 50.699 89,219 There were no recognised gyains or losses for 202? or ?021 oiher than those included in the Staiemenl of ihe Financhal aciivilies The charity's income and expendiiure all relate lo continuingi operaiions. Pa&ve $ 01.9 HIGH CRO&S PLAYCROUP BALANCE SHEET AS AT31 MARCH 2022 2022 2021 otes Current Assets DebtOTS and prepayments Cash at bank and in hand 51.199 89,719 51.199 89,719 Credil(trrs: amounts falling due within one year Nel ¢urrent assets 1500 50,699 J500 89.719 Total assels less currfnt liabilities iO,699 89.719 Funds: neome funds UntYslrict¢d funds: 50.699 50.699 89,719 89,719 The linancial statements We￿ approved b} the twstees and ¥i&ined on its behalf by Natalia Willocks- Bri￿Oe Trustee Date: Pagpe 6 of 9 HIGH CROSS PLAYGROUP Notes to the Finan¢i*l statements for the year ended 31 Mareh 2022 Accounting policies 1.1 Accounting e(Trnvention The tinancial slaiemenls are prepared under Ihe historical cosl convention and in accordance with the Financial Reporting Stsndard for Smaller Entitie5 {etlectiv¢ April ?008). the Statement of Recommended Praciice "Accountingi and Reporting by Charities issued in March 2(M)5 (SORP 2005) and ihe Charilies Aci 2006. 1.2 Incoming resources All incoming resources are included in the slalement of financial activities wh¢n the charity is entitled io the incom¢ and Ihe ainounl can be quantified with re￿onable accuracy. The following specific ￿licieS are applied io cai¢gJories 01. income.. volunta￿ income is received by way ot-giran15. donations and g)ifts and is included in full in ihe slal¢mcni ot- financial activities when receivabl¢. Granis where entitlement is nol condilional on the delivery of'a specitic pert-onnance by ihe charity are recognised when ihe charity becomes uncondilionally enlitled to ihe gifdni. Donaied services and t-acililies are included ai ihe value lo the charity where this can be quanlified. The value ot"services provided by volunleets has noi been included. Gifts donaied for resale are included as incoming resources within aclivities t-or generaiing t-unds when ihey are sold. Income t.rom investtnents is includ¢d in Ihe ) ear in Vithich it is r￿e1vable. 1.3 Resourees expended Expendilure is r¢¢ognised on an accrual basis as a liability is incurred. Expendilure includes V AT which cannol be lully recoi ered and is reported as purt of ihe expenditure lo which it relales. Costs of generatin& funds cornprise the costs associated with atlractingi volunlary income and IhL" ¢osls of iradin8 for lund rdi5ing purwses including) the Lharily's shop. Charitable expenditure comprises those e051s incurred by the charily in the delivery of ils aclivili¢s and services for its beneti¢iaries. It includes both eos(s that can b¢ allocatcd directly Io SULh activities and those costs ot an indirecl nalure necc5sary lo support them. Page 7 of 9 HIGH CROSS PLAYGROUP 2022 2021 otes to the Finan¢ial statements for the year ended 31 March 2022 Voluntsr), incoine Fe¢s and Granis Receivable Fees Received Fundraisinb Total 41,241 15,760 48.654 4,138 57,IMII i2.792 Inveslment income Bank interest receivable Expenses in furtherance of Charitable Obj¢¢ls Direct Charitable Cost Food & Drinks Stafr)" Emolument Training Renl S¢¢uriiy Check Administrative Expens¢s Workplace pension Subscripiion and InsFction Staff Unitornls Printing, Postage and Siaiionery Telephon¢ Ouling & Fun Day Insurance Nursery Equipments & Play Material Bank Chargyes Professional Fees - Accountancy 3.332 76.980 770 3.347 100 3.091 2.271 50 2.248 75.788 610 3.125 100 959 50 480 1,988 2.015 1,078 I,)34 850 500 95.521 500 87.36C) No employee rec¢ived elnolumenl mor¢ Ihan £60.0(K) either in 2022 or 2021 Pa¥F£ 8 01-9 HIGH CROSS PLAYGROUP Noles to the Financial statements for the year end￿ 31 March 2022 2022 2021 No of Employees Deblors Accruals and Prepaymenls Creditors Payable within lyear Accruals & Det"erred Income her CTeditOTS 500 500 500 500 Summary of Funds Movements Balance al 01.04.21 Incoming Resources Outgoing Resoure Balance at 31.03.22 General Reserves Restricted Reserves Total 89.219 57.001 {95,521) 50,699 89219 57,001 95521 50,699 Pa4Tre 9 of 9