2023-08-31-accounts - Fiveways Playcentre

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FIVEWAYS PLAYCENTRE (A Com pani. Limited bi. Guarantee) Compan). Iyumber: 6985726 FIVEWA YS PLAYCENTRE (A Company limited b!. Guaraniee) Charity Regisiraiion No.. 1131820 Company Number-. 6985726 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIALSTA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FIVEWAYS PLAYCENTRE (A Com pani. Limited bi. Guarantee) Compan). Iyumber: 6985726 YEAR ENDED 31 AUGUST 2023 INDEX TO FINANCIAL STATEMENTS Page No. Index Trnsiees, Report Siaiemeni of Financial Aciiviiies Balance Sheet 9- 12 Notes io the Financial Statements Report of the Independent Examiner

FIVEWAYS PLA YCENTRE {A CompaThi' Limited bTr Guarantee) Company Number- 6985726 TRUSTEES. REPORT The irusiees, who are also directors of the charily for ihe purposes of the Companies Act 2006. preseni theii report with the financial statements of rhe charity for ihe year ended 31 si August 9023. The iTusiees have adopied the provisions of Accoiinting and Reporting by Charitie5-. Staternent of Recotntnended Practice applicable to charities preparing their accollnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeciive l January 2019). LEC.AL AND ADMINISTRATIVE DETAILS Govtrnin% DoeumeNI The organi%aiii)n is a company limited by guaraniee {number 69857?61. a5 defined b) the Companies Act 2006, incorporated on 8 August 2009 and regisiered as a chariry (nU]ber 11318201 on 24 Seprember 2009. The company 'aS established under a Memorandum of Associaiion whicli established the objects and powers of the charitable company and is governed by ils Anicles of Associaiion. The members have guarantccd to coniribuie a maximum of £1 each in rhe eveni of the company being wound up. Address of Charity: Florence Road Bri¥hion Easi Sussex BNI 6DJ Trustees (who are directors for Cornpan )' law purpose5): Sue Benton-siace {Appoinied on 15 October 20221 Camillc Heailier Brinkonh (Appoinicd on 18 July 2022) Mar&varel Doli¢n}' IAppoinl¢d on 13 Ocl(Trber 20221 Loui8c Grccves IRcsig>ncd on 18 July 20931 Jennifcr Harrisoii (Appoinied on 18 July 70??) Mary l.aura Shall. (Appointed on ?0 December 2023) Plai'cenire Manager: Lucy Reading Bankers: Roval Bank of Scotland pie Bribtrhton and Hove Branch PO Elox 300 Rrighion East Su55ex BN19TE Independent Examiner: Alan Le Fort Winienon House High Street Wesietham TN16 IAQ The charitable company was sei up to continue ihe work of a chariiy. Fiveways Pre-schi)ol Playgroup, charity number 305178, founded in 1971. Il'hich ceased its activiiies in August 2009. The reserves from that charity fornied thc opcning balancc5 in thi5 charitabl¢ compan). in 2009.

FIVEWAYS PLAYCENTRE (A Compan!" Lirnitcd bTr Guargntet) Compan). Number: 0985720 TRUSTEES. REPORT- eontinutd GOVERNANCE AND MANAGEMENT Our iwgiee board forni the Ofsied registered body and are resp)nsible for the governan¢e of the chariiy. The trustees are noi involved in the day-i()-day managemeni ofihe Playcentre. Ihis is delegated io the Pla>'¢enire manager. The Trnstee board has come from a range of backgrounds and bring different Ints of vie. insights and experience to any discussions, while sharing the eth05 and values of the playcentre. The trustees meei half iern)ly levery 6 10 7 weeks). PUBLIC BENEFIT In shaping our objectives and planning our activitie5 for the year. the Trustee5 have considered the dutie5 Set out in Section 1715101. the Charities ALI ?01 I 10 bave due regard io public benefil. In pat(icular. the Trusiees have considered how ihe planned acriviries will ¢ontyibui¢ io ihe over411 aims and objeciives thai they have $¢1. The Tru.qtees believe thai the folloiving paragraphs. specifically on ihe 'Aims and Objeciives and 'Achievemenis and Performance" for the J ear. relate io detsil ihe benefii ihai ihe charity provides io the public. AIMS AND ACTIVITIES Aim.f ¢!I"('huriry Fiveways Playlenire is a play-based commur)ity of children. parents and edUCar$. We are proud of our repuiaiion. buili over 60 years, for pr(Jviding excellent. inclusive and affordable Child Care. '¢ b¢li¢v¢ ¢ha¢ children tlourish besi.. Ihrough a secure, nurturing foundaiion of care and alleniion ihai mttts their individual neas. where ihey develop as swial beings who ¢an build and maintsin friendships. 811. share. ¢ake rn$ and show respect. where enjojmenl and happiness are recowised &$ holding inirinsic value where they can en8abye their hand5. heart and head iii a variety of stimulaiing and inspiring play-ba5ed activities. where they are 5UPPOrted by a diverse staff team of differeni thlents and skills who can provide hibTh quality interactions lo help nlock children s wiential. The Playcentre is open for ehildcare sessions Monday to Friday following the Brighton and Hove Academic year. i.e closinb for end oftemi and half ierni holidays. The Playcenlre ot'ters a choice ofall da>. and sessional care and offers an After School club until 6pm. The Playcentrt offers a holiday play 5chenie for some ofihe time that local 5cliools are c105ed iypically 3 days at Easier and 2 week% at the start of (h¢ Summer br¢ak. The Playctntre offers a Breakfast Club to take in children at 8aM and safely conduct ihem to school at 8.30am.

FIVEW AYS PLAYCENTRE {A copan. Limited b!. GuaraDtee) Compan). Number: 6985720 TRUSTEES, REPORT- tODtiDued ACHIEVEMENTS PERFORMANCE Objectives To continue io provide affordable, inclusive. high-qualiry ehildeare. Performance Fiveways Plllycenlre continiies lo be an extremelv popular choice in the area. mainly driven by Mord of mollih aiid siblings of previous aiiendees. The seiiing continues to provide high qualiiy, inclusive and affordable childeare and our children b¢n¢fit from the extensive ¢hild¢ar¢ experience and long¢viry of our diverse staff team. Fundrai.fipJgperformance Throughout Ihe vear siaff hold several fundraising evenis. Ihese include a flreworks display. Chrisimas and Sumimer Trairs. -I'hese evenis are ell aiiended by our families and are noi only important for raising funds but also for r¢aling a Sense of community amongst our par¢nts. We do not pay professional fundraisers. Fundraising cosis are rypically for ihe hire of Equipmeni at Fundraising funeiions. We only have In¢ome from a Roval Bank ofscoiland Interest Earning Curreni Aceouiit.

FIVEW AYS PLAYCENTRE {A copan. Limited b!. GuaraDtee) Compan). Number: 6985720 TRUSTEES, REPORT- tODtiDued FINANCIAL REVIEW ReJerves Puli6J' Unless Donations are designaied for specific activities. all funds are held Unresiriaed for General purposes. Funding suurtes 580/0 of Income Comes from ihe Parents of Children in ihe forni of Fees. 41°/ comes Irom the l Years Free Education scheme. RISK MANAGEMENT Tlie-frusiees have reviewed ihe major risks io which the Playgroup is exrxised and are confideni that controls are in plaLe lo mitl¥Tdte lllst Ih05e risk5'. RF.S*ERVES All fLind_s arc held &$ unrestricicd. li is our wTrlicy io hold miiiimum cash rcsctwcs in our bank account of circa 3-month staff Losis. in order io cover perio(L% of flutluaiing income due to school holida)s. The current and forecasied bank bi¢ lances are reviewed at each in1¢¢ meeting.

FIVF.WAYSPLAYCF.NTRE (A Compani. Limited bv Guarantee) Com pany Number- 6985726 TRUSTEES, REPORT- ¢ontinueil TRUSTEES, RESPONSIBILITIES The trustees (who are directors of the company foi Ihe purposes of Company Law) are responsible for preparing the "frustees Report and financial siaiemenis in accordance wilh applicable law and Uniied Kingdom Accouniing Standard5 (United Kingdom Generally Accepted Accounting Practice}. Company law r¢quir¢s th¢ t51¢¢5 to pr¢par¢ finan¢ial statements for each finan¢ial year which giv¢ a tru¢ and fair view of the siaie of arrairg of the charitable company and or Ihe incoming resourees and applicaiitsn of resources. including the ineome and expendilure. of ihe chariiable compan>, for ihai period. In PTeparing ihose financial siaiemenis. the trustees are required 10: Select suitable accounting policies and then appl). them consist¢nily. observe the tneihod5 and principle5 in ihe charil}' SORP. make judg¢m¢nis and ¢siima1¢5 Ihat ar¢ reasonabl¢ and prnd¢nl. prepare ihe financial siaiemenis on ihe going concern basis unless li is inappropriaie to presume that the ¢ompany w ill conlinu¢ in business. The trustees are responsible for keeping proper accouniing records which disclose wilh reasonable accuracy ai any time the financial position of the companv and to ¢nabl¢ ih¢m io ¢Dsure ihai Ihe financial staleinei)Is coiJply witl) (he Companies Act 2006. and regulaiions under Seciion 130 of ihe Charities Aci 201 l. They are also responsible for safegjuarding rhe asse¢s of ihe company and hence for iaking reasonable steps for ihe PTevention and detection of I'raud and uiher irregulariiies. This report has been prepared in accordance wilh the Siaiemeni of Recommended Practice Accouiiting> and Reportin&T by CliaTiiies and in accordance wilh ihe Special Provisions of Part 15 of ihe Companies Acl ?006 Telatin lo small companie5. Approved by the TrLLStees on •3rd May •0?4 and si&Jned on their behaifby

FIVEWAYS PLAYCENTRE (A CornpaD!- Limited bi GuaraThtee} Company Number: 6985726 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 INCOME AND EXPENDITURE UDre5tricted 2023 Totsl Unresthcted 202? Total Notes INCOMING RESOURCES Ineoming resources from Generdted Funds.. Donation5 Fundrai%ing Bank int¢rest .eiiingis Received Childr¢n'% Centre Service Fees HMRC JRSGranl Incomin&T resuurees Irom Charitable Aeiiviiies.. Bribhton and Hove Vouchers FL'LS Received i.oso 596 1,994 2,130 1,367 4.870 17,651 196,494 146.656 TOTAL INCOMIiYG RESOURCES RFSOURCFS F,XPF,NDF,D Fiindraisin Charitable Activities 448 TOTAL RESOURCES EXPENDED NET {OUTGOINGIIINCOMING RESOURCES 4,069 45,022 Fund Balances brought forward ai I S¢p¢¢mb¢r 2022 Fund Balances carried forward ai 31 August 2023 There are no other gairts or 1055e5 in either year. The net loutgoingl:. incoming resources forthe financilll yeararose from continuingoperations. The notes set out on pages 9 to 12 forni part of these financial staiements

FIVEWAYS PLAYCENTRE (A CornpaD!- Limited bi GuaraThtee} Company Number: 6985726 BALANCE SHEET AS AT 31 AUGUST 2023 Notes 2023 2022 FIXED ASSETS Leasehold Property Compiit¢r Equiptn¢nt 60,nnU 193 6_S,000 389 CURRENT ASSETS Debtors Cash at bank and in hand 11,728 1,947 134i34 LIABILITIES: tlmounts falling du¢ within one year Crediiors EXCES.5 OF CURRENT LIABILITIES OVER ASSETS NET ASSETS FUNDS- Unre$irlcte R¢'strict¢d 192,1138 188.769 13 The company is enliiled to exemption from audil under Section 477 of ihe Companies Act 2006 for the period cnded 31 Au&ru51 ?0?3. -1.he members have nol reqilired ihe company lo obiain an audii of its financial statements for the period ended 31 August 2023 in accordance iviih Section 476 ofthe Companies Act 2006. The directors acknowledge their responsibilities for.. {a} ensuring that the company keeps accouniing records which comply with Seciion 386 and 387 of the Companies Act 9006and preparinb flnancial 5tat¢m¢nts which 8ive a truc and fair view of the 5tat¢ of affairs of the companv a5 at the cnd of each financial year and of its profit or 1055 for each finai)cial year in accordancc witl) the requiremenis of Seciion 394 and J95 and ivhich oihenvise comply wilh ihe requirements ofihe Companies Act ?006 relatin¥ to financial 5tatement5. $0 far a5 applicable (o the company. (b) These financial 5tatemen15 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Trustees on 23rd May 2024 and 518ned on their behalf by The noces set out on pages 9 10 12 forni part of these financial srarements

FIVEWAYS PLAYCENTRE (A CornpaD!- Limited bi GuaraThtee} Company Number: 6985726 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023 I. ACCOUNTING POLICIES The toll01 Ing accounting policies have been applied consistently in dealing 1th items which are considered maierial in Telation 10 the financial statements. (a) Basis of accouniing The financial staiernenls of the charitable ¢otnpan)'. which is a public beTrefii entity under FRS 102. have been prepared in accordance Mith ihe ChaTilie5 SORP I FRS I O?I'.4ccouniing and Reporting by ChaTilies'. Statement of Reconiinended Pra¢ti¢e applicable io ¢hariiies preparing iheir a¢¢outtis in ac¢ordan¢e i¥iih ihe Finan¢ial Reporting Standard applicabl in the UK and Republic of Ireland IFRS 10?) (effective l January 20151,. Financial Reporting Standard 102 'Tlie Financial Reporring Standard appli¢able in ihe UK and Republic of Treland, and rhe Coii)panies Act 2006. The financial statement5 have been prepared under the hisrorieal cosiconvention. The Tru5tee5 consider that there are no rnaterial uncertainties about the chariry's ability to coiitinue as a ¥oing collcern. (b) Fun£1 uLL()iinfin The chAritN' has various iyp¢s of funds for which il is responsible. and which require sepaTale disclosure.. Unresrri¢ied funds- Fiinds which are exp¢ndabl¢ ai lh¢ dis¢reiion of ihe Trusi¢¢s in funh¢ran¢e of the obji¢is ol. lh¢ Charity. R¢siri¢ied fiinds- Funds which are expendable as directed by ihe donor. Incominbj resources are aceounled for as soon &$ probable enlitlement is established as follows.. Donations. legacies and fundTaisin8- on a receivable basis when capable of financial measurement and as soon as the ¢haril}' is noiifjed of its legal eniiilement and the amount due is guanlifiable wilh reasonable certainlj. on a receivable basis. Interest irtcome (d) R¢l%{)iir¢e.% exp¢nded R¢souries ¢xpended are accounied for on an a¢¢ruals basis and include attribuble VA T which cannot be recovered. il Costs in furtherance of chAfiiAble objeciives Comprise all expenditure directly relating to the objectives of the charity. lil Administrative expenditure comprise5 overhead5 not directly attributable to direct charitable expenditure. These relate to the management of the Trust's funds. orgaiii5ational adininisiraiion and compliance with staiutory requirements. (e) Fixt,d AJsL)f.f The ¢hariiy paid. in Augusi 2010. £125,000 for o ?5 vear lease on ihe building from Mhich li operates. This cost will be depreciated over the 25 ) ears of tlie lease on a straight line basis. The cost of computer equipment will be depreciated on a straight line basis at 25010 per annum. Cash FloTrv S¢alemen¢ The charity has taken advantage of the exemption froin the requirement ro provide a ca51i flow 5tateinellt oil tlie ground5 their size does not meet the minimum thre5hold5 as sel out in the Charilies Statement of Re¢on)n)ended Practice. (gj PenJion5 Thc charity is schedulcd io commcncc Auto-Enrolmcni in a Workplace Pension Scherne with NEST (National Employment Savings Tr1} elTe¢ii*"e O¢tob¢r 2015

FIVF.WAYS PLAVCF.NTRE (A Company Limited bv Guarantee) Companv Number: 6985726 NOTES TO THE FINANCIAL STATEMENTS- Continued tK)NATIONS 2023 2022 Co-op Conimunity Fund Usborne Books Miscellaneous 3. INTEREST RECEIVED Royal Bank of Scoiland 4. FEE% KECEIVED PlJy¥roup and Ali¢r S¢hools Club Regjisirdiion 275,656 273,760 S. DIRECT CHARITABLE EXPENDITURE Salaries Employers, Naiional Insurance Pension Food & Milk Uiililie5 & Services InsuTaMce Ediication & Trainin8 Play Equipmeni & Mdterials Building Repair & Maini¢nan¢e Other Equipmen¢ & Materials Oflice Administration Ind¢p¢nd¢tit Exaniination DepTeciaiion 380,766 13.034 4,821 312.698 10,867 4,278 5,149 22,546 26.6711 2.609 1,208 1,973 8.231 18.007 2.178 S,900 300 15,011 2.145 10,371 300 398 895 6. EMPLOYEES The averdge number of Employtts in the year.. 29 No employee received remuneration in excess of £60.000. 10

FIVEWAVS PLAYCENTRE (A Compani. Limited bi. Guarantee) Compan) Number: 69115726 NOTES TO THE FINANCIAL STATEMENTS- continued FIXED ASSETS Leasehold Property Computtr Equipment COST As ai 31 August 2022 and 31 August 2023 DEPRECIATION As ai 31 August 2022 Chargie for the }'ear 392 196 As at 31 Aiigu8t 2023 NET BOOK VALUE As at 31 August 2023 As at 31 August 2022 389 DF.BTORS 2023 2022 Fees Other debtor 11,728 11.728 9. CREDITORS Amounts falling due within one year 2023 2022 Fees 300 1.000 Other Creditor5 10. RELATED PARTY TRANSACTIONS No .1 riistcc rcceived an). rernuneration durin8 the J'ear.

FIVEWAV.S PLA YCENTRE (A CompaDI' Limited bi'Guarantee Companv Number: 698i726 11. TAXATION The Chariry is considered to pass the legis set out in Paragraph I Schedule 6 Finance Aci ?01 O and iherefore il meets ihe definition of a chariiable eompan%' for UK Corw)ration Tax purw)ses. Accordingly. the Chariry is w)tentially exempt froin taxation in r¢sp¢ci of income or capital gains re(¢iv¢d M'ithin caiegories ¢ov¢red bj Chapt¢r 3 Pan I I Corporation Tay Act 201 O or Section ?56 of ihe Taxation of Chargeable Gains Aci 1992, to the exieni that such income or gains are applied cxclw%ively to ¢haritabl¢ purposes. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unresirieted 2023 Restricted 2023 Tntal 2023 Tangible Fixed Assets Net Current Assets :'{Liabilities) 60.193 60,193 13. MOVEMENT IN FUNDS 31 Au8USI 2022 31 August 2023 Incomin% Ouigoing Unre51rieied Fund$ General 477 920 473 841 Total Unre5trieted Total Funds There are no R¢51ri¢i¢d funds in eiiher 20?3 (w ?0?2. COMPANY STATUS The company is a private company limited by guarantee and consequenilv does not have share capital. Each of the members is liable to conlribuie an amouni noi exceeding £ I LoardS ihe assets of the company in the event of liquidation during the tirne that they are member5 or within 12 months afteThvards.

FIVEWAV.S PLA YCENTRE (A CompaDI' Limited bi'Guarantee Compani. Number: 698i726 IndepeDdeDt examiner's report to the trllstee5 of Fivew3ys Pla!'ceDtre (A compan). limited by guarantee) ('the Compan)") I repon to the charity trustees on my examination of ihe accounts of the Company for ihe }'ear ended 31 August 2023. Responsibilities and basis of report As the ehariiy's irusiees of the Company (and lis directors for ihe purposes of company lawl you are responsible for the preparaiion of ihe accounis in accordance iih the requiremenis of the Companies Act 2006 {'Ihe 2006 Act,). The ¢harity' s gross in¢om¢ exceeded £250.0 and I am qualifi¢d io undertake ihe examinaiion by b¢ing a Meinber of the Instituie of Chartered Accountants in England and Wales. Having satisfied myself that ihe accounis of ihe Company are not required io be audited under Part 16 of ihe 2006 Act and are eligible for indcpcndcni exaniinaiion. I rcpon in rcspcci of my examinaiion of your charity's accounts as carried oui under scciioTr 145 of ihc Chariiies Acr ?01 l {'the 201 l Act'l. In carry'ing out my examination I have followed the Directions given by the Charity CoTllTlli5sion under section 145(5) (bl of the 2011 Aci. Independeni examiner's si4iemeni I have completed m J. examination. I confirni ihal no maierial marrers have come to my aiiention in coniiection with the examination which give5 me cause to believe ihai in, an). material respect.. accounting records were not kepi in accordance wilh secrion 130 of the ChaTiries Act. or the o¢¢ounls do not a¢¢ord with lh¢ #¢counlin&v r¢¢ord5: or the a¢¢ount5 did nol ¢orJiply with the opplicabl¢ r¢quir¢meniS ¢on¢erning the form #nd ¢onienl of accounts sc¢ out in ihe Chariiies IAc¢ounis and Reporis} ReLiulations 2008 othcr ihan any requirement thai the accounis bwive a 'irue and fair" view which is noi a mailer considered as part oran independent examiiiaiion. I have no concerns and have come across no other matters in connection ivith ihe examination lo which alienlion should be drawn in this report in order io enable a proper understanding ofthe accounis 10 be reacl)ed. Alan Le Fort Wint¢rton H(Triise H i&7h %tT¢¢t We51erham TN16 IAQ Date 24, Ma>. 2024 14

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report	Section A Independent Examiner’s Report
Report to the trustees On accounts for the year ended Set out on pages	Charity Name Charity no (if any) (remember to include the page numbers of additional sheets) Fiveways Playcentre 31st August 2023 1131820 2 - 6
	(remember to include the page numbers of additional sheets) 2 - 6

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY 31/08/2023 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) .

I report in respect of my examination of the Trust’s accounts carried out under section 145 of 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 Act.

Independent [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of ~~[insert name of applicable listed body]].~~ ~~Delete [ ]~~ ~~if not applicable.~~ ICAEW

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ v iew which is not a matter considered as part of an independent examination.

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.

Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body		24/05/2024

	Alan Le Fort

	Institute of Chartered Accountants in England and Wales

Oct 2018

IER

(if any):

Address: Winterton House High Street Westerham TN16 1AQ

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER