Registered charity number: 1122943 MAGICAL MOMENTS PLAYGROUP Operating as MAGICAL MOMENTS DAYCARE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Andrew Ogg Limited Chartered accountants Holme Farm Spalford Newark-on-Trent Nottinghamshire NG23 7HD Tel: 01522 778330 Mobile.. 07860 557974 email: andrewsacccxJnts@btinternet.c
MAGICAL MOMENTS PLAYGROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Legal and administrative informatKJn Trustees, report Independent examinerfs report Income and expenditure account Balance sheet Notes to the financial statements 10
MAGICAL MOMENTS PLAYGROUP LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Registered charity number 1122943 Officers and trustees Carrie GreenrId Sarah Hare Inga Gvaramadze Phil Hare Richard Greenfield Chair Treasurer Secretary Committee Member Committee Member Registered office clo. St Giles Children's Centre Lamb Gardens Lincoln LN2 4EG Independent examiner Andrew Ogg Limited Holme Farm Spalford Newar*-on-Trent Nottinghamshire NG23 7HD Bankers Santander UK plc 2 Trtton Square Regent's Place London NW1 3AN
MAGICAL MOMENTS PLAYGROUP TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees submit theirannual report and the financial statements for Ihe year ended 31 March 2025. In preparing the annual report and financial statements of the charity. the trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prdctice, applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS102) (effectNe 1 January 2019). published on 2 October 2019. Structure, governance and management Magical Moments Daycare runs by the Pre-school Leaming Alliance Constitution 2008. The setting is njn by a voluntary management committee. The Trustees are appointedlre*lected on an annual basis. We allow anyone to express an interest in joining the committee throughout the year. If we feel that we need members, they are invited to the next meeting. AGM meetings are always advertised within the setting and we welcome any interested part$. As a chair I will always meet separately wrth prospect members lo ensure that they understand what is involved and whether they a able to meet the needs. Full safeguarding procedures are followed for committee TfEmbers with full DBS checks. No committee member is allowed to be in the setting unaccompanied until full confimktion has been received from Ofsted regarding their surtability. The setting is a member of the Pre-school Leaming alliance and we are an agreed provider of Earfy Years EducatDn for Lincolnshire County Council. The trustees are responsible for preparing the annual report and financial statements in accordan with applicable laws and regulations. Law applicable to charities in England and Wales requeS the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these statements. the Irustees are select suttable accounting policies and then apply them consistently: - make judgements and estimates that are reasonable and prudent" prepare the financial statements on the going concem basis unless tt is inappropriate to presume that the charity wll continue in operation. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law. regulations, and the trust deed. They are also responsible for safeguarding ihe assets of the charrty and hence for taking steps for prevention and detection of fraud The trustees together with the executive commtttee have made assessments of the major and financial operating risks that Ihe charity faces and have put in place controls to mtligate or eliminate these risks. They have regular meetings to review the poSitn of the trust and the level of resetves. Objectives and activities The aim of the setting is to enhan the developrrent and education of children from 6 weeks to 5 years by offering appropriate play, education and care facilities along with expenences that otheNise they may not encounter. We welcome all children regardless of faith, gender. circumstances, disabilrty or family background. We are an inclusive setting. Children will leam through play and environment that enables us to cover the areas of Early Years Curriculum. Page 4
MAGICAL MOMENTS PLAYGROUP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In explaining how the activities of the charity meet the public benefit of its vrk, the trustees have met the requirements of the CharitES Act 2011. Achievements and perforrnance We afvays aim to run on a full roll of children. As of March 2025. we had 63 children on roll. This is an increase on the year before albeit small. We had 48 children in the ptE-school room of which 44 of those were funded with 20 paying top up fees. This is a signrficant increase on funded places. The remaining 4 children were private paying children. We had 15 babies in the baby room which 13 of those were funded with 12 of them topping up their fees and the remaining 2 babies were private paying. Again. due to funding changes this has increased our Local Authority funding. The number of children on roll can change throughout the year. however it is posrtive that we have kept a steady number of children on roll and we do now have a waiting list for places. By March 2025 we had 15 members of paid staff. 3 of these staff members Vre completing apprenticeships. 10 of our staff have full paediatric first aid training and food hygiene certificates. All of our staff are on the 6 year safeguarding pathway. Staff numbers do fluctuate at times due to people leaving their roles. Roles are filled promptly and V are always worf(ing wf(hin rdtio which has been checked by an Ofsted Visit in March 2025. All poliS are reviewed on an annual basis and available for anyone to read at any time of the year. We have opted to operate a very flexible approach to sessions so that we can meet Ihe neecls of the area we are in and working families along with the wrap around faciltiy Ihat we do wtth the nursery school next door to us. We have opted to do stretched funding so this can also accommodate childcare into the school holidays. We have made it our mission to ensure we can offer the best possible solutions to meet all parental needs. We have ensured that opportuntties for pupil premium children are met with separatelsmaller sessions for children with additional needs and also doing outside activities such as community gardening groups. We hold an annual sports day for all children and invite parents along. We hold various celebrations throughout the year. We pride ourselves in involving the communtty in our celebrations throughout the year. Finances Financially. things have still been a batancing act for this year, although there has been improvement. We have made a loss this year, which is not the intention of the setting. We have been impacted wf(h higher staffing costs due to staff having to work extra to cover sickness and staff shortages and having the factor in the increase of National Minimum Wage, we always aim to pay above the minimum wage for childcare staff. We have done our best to have some schemes in place to help with staff retention and ensure th8t staff do feel valued and support with any mental health issues. We have been hugely impacted with the cost of INing crisis and with the cost of food being what it is. We strive to keep our fees as low as possible as we are serving a deprived area. Page 5
We have ended the 24r25 financial year *ith a balance in the bank of £70.591. This amount is signfficantly more than the previous financial year. This is due to the increase in funding from Local Authority and still being able offer top up pla5 for funded children as vftll as being able to offer non-funded plaos. Increases in NMW is one of the biggest impacts to our business along with the increase in ErnoYerS National Insurance Contributions. The cost of groceries does have significant impact on our finances. However. we do ensure all thildren receive a hot and nutritious meal and allows us to continue with the Heallhy Sthools Status. We try to keep our fee increases to a minimum so that this does not impact our families too muth and this derAsion is taken on an annual basis. We have met all needs of the setting. As y are a not for profft organisation, we have a r8seNe fund held £16.498 at the end of the year. We are hopeful Ihis ¥11 stsrt to grow again over time and moving into the next financial year of 25r26 this has started to happen. We need to be able to carry Ihe setting through difficult limes. Due to the outgoings this financial year we have not pla¢%d any further funds into the deposit account and the onty increase in that account is interest. For the year ending 2025 have not had to withdraw any funds from the reserves. We hold this reserves fund to enable us to operate if there is a drop in income or to see the setting through any form of drfficult time. Thi8 (an b8 accessed at any time. ON BEHALF OF THE BOARD: fy(ffjdd Carrse Greenfield Twstee- Chair 23 January 2026 Page C
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF MAGICAL MOMENTS PLAYGROUP I report to the trustees on my examination of the accounts of Magical Moment5 Playgroup (the Charity) for the year ended 31 March 2025. Responsibillties and basis of report As the charity trustees of the Charity you are responsib18 for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act.). I report in respect of my examination of the Charity's accounts Cale out under section 145 of the 2011 Act and in carrying out my examination I have follov4ed all the applicable Directions given by the Charity Commission under section 14515llb) of the Act. Independent 8xaminor's ststement I have ¢omplet8d my examination. I confimi that no mateiial matters have con* to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in fBsped of the Charity as required by section 130 of the Act" or 2. the accounts do not accord wth those records", or 3. the accounts do not comply with the applicable requirements conceming the forn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a Irue and fair view whtch is not a matter considered as part of an independent examination. I have no concems and have eJ)me across no other matters in connection th the exarnination to which attenlion should be dTrwn in this report tn order to enable a proper under6tandrng of the accounts to be /¥-wa Andrew Ogg FCA Director Andrew Ogg Lifflited Charterèd Accountants Holme FaTm Spalford Newark-0n-Tnt Nottingharnshire NG23 7HD 23 January 2026 Page 7
MAGICAL MOMENTS PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES incorporating the INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME FROM: Local Aulhoriiy funding Private fees Fundraising Tnps Other incon Bank interest 223.903 102.746 160 1,245 529 592 124.052 115,178 186 1,451 717 736 Total income 329,175 242,320 EXPENDITURE ON: Charitable activities Stafff Gosts Training Premises expenses Groceries and cleaning supplies Children's gifts and party items Activity materials and resources Trips Repairs and maintenance Voucher scheme 254.285 443 2.950 7,204 485 4.213 1,219 2.401 3.580 226,745 340 1,575 6.936 427 1,831 510 3.227 1.900 276,780 243,491 Raisin funds FUnd1$1ng Other cosls Accountancy and independent examination Telephone Travel expenses Advertising and website Printing and stationery Bank charges Other expenses 500 140 471 281 1,511 330 3,252 500 332 149 281 1.239 360 1.818 6,485 4,679 Totsl expenditure 283,265 248,170 NET INCOMEI{EXPENDITURE) Page 8
MAGICAL MOMENTS PLAYGROUP BALANCE SHEET AT 31 PaARCH 2025 2025 2024 FIXED ASSETS Tangible assets CURRENT ASSETS Bank current account Petty cash Bank deposit account 70.591 25.626 1,111 15,9( 16.498 88.553 42,643 CREDITORS Amounts falling due within one year NET CURRENT ASSETS (LL481LITIES) 88,053 42.143 TOTAL ASSETS LESS CURRENT LIABILITIES 88.053 42,143 NET ASSETS 88,053 42,143 UNRESTRICTED FUNDS Al 1 April 2024 Net incomingl(ouigoing) resources 42,143 45,910 47.993 (5.850) TOTAL FUNDS 88.053 42.143 Thèse financial statements were approved by the board of trustees on 23 January 2026 and were sned on its beha by.. Ocvl Carrie Greenfield - Chair Page q
MAGICAL MOMENTS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES The principal accounting poliaes adopted in the prepardtion of the financial statements are sel out below and have remained unchanged from the previous year. and also have been consistently applied within the same accounts. a) Accountlng convention The financial slalemenls have been prepared under the historical cost convention. bl Incoming resources All incoming resources ar? included on the incorre and expenditure account when the ch8rity is legally entitled to the incorrE and the amunt can be quantified with reasonable accuracy. Gifts in kind donated for distributK)n are included al valuation and recognised as income when they are distributed to the projects. Grft5 donated for resale are included as Incon when they are sold. Donated facilities a included at the value to the charity Whe this can be quantified and a third party is bearing the cost. No arrounts are induded in the financial statements for servi$ donated by volunleers. c) Resources expended All expenditu is accounted for on an accnjals basis and has been classified under headings that agg regate all costs related lo the category. Where costs cannot be direclly attributed to particular headings, they have been albcated to activities on a basis consistent Imth the use of the resources. Fund4aising costs a those incurred in seekin9 voluntary contributions and do not include the costs of disseminating information in support of the charitable activrties. Support costs are those ¢osts incurred directly in support of expendrture on the objects of the charity and include project management carried out by officers. ManagenEnt and adminislrdlion costs are those incurred in connection wrth adrninistration of the chartty and Comp1rdn with constitutional and statutory requirements. dl Taxatlon The charity exempi from corpOratn tax on its charitable activtties. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerdtion or other benefit5 for the years ended 31 March 2024 and 2025. Trustees, expenses There were no trustees, expenses paid for the years ended 31 March 2024 and 2025. ULTIMATE CONTROLLING PARTY The trustees appointed to the managerTÈnt Mmittee control the chaiity. Page 10