**REGISTERED COMPANY NUMBER: 07179786 (England and Wales) REGISTERED CHARITY NUMBER: 1137027**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2021 for
Happitime Playgroup Ltd
Niall O'Driscoll FCMA CGMA OD Accountants Ltd Suite 409 The Pillbox 115 Coventry Road Bethnal Green London E2 6GG
Happitime Playgroup Ltd
Contents of the Financial Statements for the Year Ended 31st March 2021
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6 to 7|
|Notes to the Financial Statements|8 to 11|
|Detailed Statement of Financial Activities|12 to 13|
Happitime Playgroup Ltd
## Report of the Trustees
## for the Year Ended 31st March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
The trustees and directors present their report and unaudited financial statements for the year 1 April 2019 to 31 March 2020. In preparing the annual report and financial statements, the trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
The Trustees are nominated from the charity's members and are elected at the Annual General Meeting. They are elected for a term of one year and may offer themselves for re-election each year.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07179786 (England and Wales)
**Registered Charity number** 1137027
## **Registered office**
Unit 3 Block E 142 Lea Bridge Road London E5 9RB
## **Trustees**
S K Boardman Sound Engineer Mrs L E Butterworth Violence Against Women And Girls Manager Ms H Clavier Mother
**Independent examiner** Niall O'Driscoll FCMA CGMA OD Accountants Ltd Suite 409 The Pillbox 115 Coventry Road Bethnal Green London E2 6GG
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management**
The charity is governed by its memorandum and articles of association. It is a company limited by guarantee, with no share capital.
The company was incorporated on 5 March 2010 and activities started on 1 April 2010. The company was registered with the Charity Commission on 22 July 2010.
The trustees and directors at the date of this report are named on page 1.
The Trustees are nominated from the charity's members and are elected at the Annual General Meeting. They are elected for a term of one year and may offer themselves for re-election each year.
Page 1
Happitime Playgroup Ltd
for the Year Ended 31st March 2021
## Report of the Trustees
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
1. Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such Groups offer opportunities for all children whatever their race, culture, religion, means or ability;
2. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local area;
3. Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
4. Reviewing options toward increasing the hours of operation so as to provide a more flexible timetable to meet working parent’s needs, increase income and thus Happitime financial security and make better use of the facilities at our disposal.
## **ACHIEVEMENT AND PERFORMANCE**
Happitime Playgroup continues to provide an excellent service to the children and their families of the local community. Activities such as Cooking and Art as well as and outings were arranged throughout the year, linked to chosen topics and themes, in order to support learning and development as suggested by the Early Years Foundation Stage (EYFS) curriculum. However this years Covid-19 restrictions have hindered some of our usually activities and trips such as going to the library, which has been replaced with nature and environment walks.
Favourite themes this year were: farm animals, mini beasts, exploring with textures and different materials, who am I ? project, singing and dancing as well as celebrating favourite stories & rhymes, weather, opposites, our senses, animals and celebrations.
Happitime’s healthy cooking sessions and independent snack times gave the children the opportunity to cook, taste and explore whilst building independence and confidence around food, using different types of equipment and making healthy choices. The children where encouraged to use tools to cut their own fruit and butter there own rice cakes at snack times and participated in group cooking sessions making yummy foods that are healthy. The children also enjoyed growing carrots, cress, tomatoes and broad beans to support our health eating topics.
Physical health remained an important part of the group routine and children were regularly able to have access to play times in our playground with large physical equipment such as hoops, a slide and wheeled toys which were available daily. Children were also made aware of germs and how they can effect our bodies. Children participated in good hygiene measures and understood the importance of cleaning hands, catching coughs and keeping clean.
This year we have increased the amount of times we visit our local parks as the feed back we have had from parents is that children have had limited outdoor opportunities this year due to Government lock down measures.
During spring and summer months staff provided children with ‘free flow’ opportunities that see all 7 areas of learning areas mirrored outside in the playground as well as indoors in the playroom. Children enjoyed the freedom of going out when ever they wanted and were able to transition well between the environments.
During
the year the children were encouraged to participate in a range of creative activities such as arts and crafts, messy play, singing and music sessions. Children particularly enjoyed malleable and sensory play including making play dough to take home and squeezing cooked spaghetti.
Page 2
ACHIEVEMENT AND PERFORMANCE
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## Independent Examiner's Report to the Trustees of Happitime Playgroup Ltd
I report on the accounts of the company for the year ended 31st March 2021, which are set out on pages five to eleven.
## **Responsibilities and basis of report**
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 386 of the Companies Act 2006; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Niall O'Driscoll FCMA Chartered Institute of Management Accountants Niall O'Driscoll FCMA CGMA OD Accountants Ltd Suite 409 The Pillbox 115 Coventry Road Bethnal Green London E2 6GG
Date: .............................................
Page 4
Happitime Playgroup Ltd
## Statement of Financial Activities
## for the Year Ended 31st March 2021
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
65,958
563
**Incoming resources from charitable activities**
Fees
-
-
**Total incoming resources**
65,958
563
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
41,542
563
**Charitable activities**
Fees
16,956
-
**Governance costs**
1,447
-
**Total resources expended**
59,945
563
**NET INCOMING/(OUTGOING)**
**RESOURCES**
6,013
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
12,950
-
**TOTAL FUNDS CARRIED FORWARD**
18,963
-|31/3/21
Total
funds
£
66,521
-
66,521
42,105
16,956
1,447
60,508
6,013
12,950
18,963|31/3/20
Total
funds
£
57,601
389
57,990
55,350
19,069
13,160
87,579
(29,589)
42,539
12,950|
|---|---|---|
The notes form part of these financial statements
Page 5
Happitime Playgroup Ltd
## Balance Sheet At 31st March 2021
|Unrestricted
Restricted
funds
funds
Notes
£
£
**CURRENT ASSETS**
Debtors
6
5,256
-
Cash in hand
18,768
-
24,024
-
**CREDITORS**
Amounts falling due within one year
7
(5,061)
-
**NET CURRENT ASSETS**
18,963
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
18,963
-
**NET ASSETS**
18,963
-
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|31/3/21
Total
funds
£
5,256
18,768
24,024
(5,061)
18,963
18,963
18,963
18,963
-
18,963|31/3/20
Total
funds
£
5,256
9,147
14,403
(1,453)
12,950
12,950
12,950
12,950
-
12,950|
|---|---|---|
The notes form part of these financial statements
Page 6
continued...
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Happitime Playgroup Ltd
Notes to the Financial Statements for the Year Ended 31st March 2021
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. NET INCOMING/(OUTGOING) RESOURCES**
Net resources are stated after charging/(crediting):
||31/3/21|31/3/20|
|---|---|---|
||£|£|
|Depreciation - owned assets|-|12,162|
|Other pension costs|1,447|998|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020 .
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020 .
Page 8
Happitime Playgroup Ltd
Notes to the Financial Statements - continued for the Year Ended 31st March 2021
## **4. STAFF COSTS**
|31/3/21
£
Wages and salaries
40,530
Other pension costs
1,447
41,977
The average monthly number of employees during the year was as follows:
31/3/21
-
No employees received emoluments in excess of £60,000.
**5.**
**TANGIBLE FIXED ASSETS**
Land and
Plant and
buildings
machinery etc
£
£
**COST**
At 1st April 2020 and 31st March 2021
121,258
15,612
**DEPRECIATION**
At 1st April 2020 and 31st March 2021
121,258
15,612
**NET BOOK VALUE**
At 31st March 2021
-
-
At 31st March 2020
-
-
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31/3/21
£
Other debtors
5,256
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31/3/21
£
Trade creditors
1
Other creditors
5,060
5,061|31/3/20
£
51,999
998
52,997
31/3/20
-
Totals
£
136,870|31/3/20
£
51,999
998|31/3/20
£
51,999
998|
|---|---|---|---|
|||52,997||
||136,870|||
||-|||
||-|||
||31/3/20
£
5,256
31/3/20
£
-
1,453
1,453|||
||||1,453|
Page 9
Happitime Playgroup Ltd
Notes to the Financial Statements - continued for the Year Ended 31st March 2021
## **8. MOVEMENT IN FUNDS**
|||Net movement||
|---|---|---|---|
|At|1.4.20|in funds|At 31.3.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|12,950|6,013|18,963|
|**TOTAL FUNDS**|12,950|6,013|18,963|
|Net movement in funds, included in the above are as follows:||||
|Incoming||Resources|Movement in|
|resources||expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|65,958|(59,945)|6,013|
|**Restricted funds**||||
|Learning Trust|563|(563)|-|
|**TOTAL FUNDS**|66,521|(60,508)|6,013|
|**Comparatives for movement in funds**||||
|||Net movement||
|At|1.4.19|in funds|At 31.3.20|
||£|£|£|
|**Unrestricted Funds**||||
|General fund|42,539|(29,589)|12,950|
|**TOTAL FUNDS**|42,539|(29,589)|12,950|
|Comparative net movement in funds, included in the above are as follows:||||
|Incoming||Resources|Movement in|
|resources||expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|57,490|(87,079)|(29,589)|
|**Restricted funds**||||
|Learning Trust|500|(500)|-|
|**TOTAL FUNDS**|57,990|(87,579)|(29,589)|
|||||
Page 10
Happitime Playgroup Ltd
Notes to the Financial Statements - continued for the Year Ended 31st March 2021
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|Net movement
At 1.4.19
in funds
At
£
£
**Unrestricted funds**
General fund
42,539
(23,576)
**TOTAL FUNDS**
42,539
(23,576)|31.3.21
£
18,963|
|---|---|
||18,963|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|123,448|(147,024)|(23,576)|
|**Restricted funds**||||
|Learning Trust|1,063|(1,063)|-|
|**TOTAL FUNDS**|124,511|(148,087)|(23,576)|
Page 11
Happitime Playgroup Ltd
## Detailed Statement of Financial Activities
## for the Year Ended 31st March 2021
|**INCOMING RESOURCES**
**Voluntary income**
Donations
Grants
**Incoming resources from charitable activities**
Exceptional items
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Wages
Insurance
Cost of Sales
**Charitable activities**
Light and heat
Telephone
Postage and stationery
Learning material & facilities
Rent
Other
**Governance costs**
Pensions
Depreciation of tangible fixed assets
**Support costs**
**Information technology**
Repairs and renewals
Sundries|31/3/21
£
17
66,504
66,521
-
66,521
40,530
1,240
335
42,105
1,482
441
257
576
7,008
120
9,884
1,447
-
1,447
218
-
218|31/3/20
£
563
57,038
57,601
389
57,990
51,999
1,220
2,131
55,350
1,314
951
857
(35)
7,008
577
10,672
998
12,162
13,160
961
602
1,563|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
Happitime Playgroup Ltd
## Detailed Statement of Financial Activities for the Year Ended 31st March 2021
|**Human resources**
Software licences
**Other**
Professional fees
**Total resources expended**
**Net income/(expenditure)**|31/3/21
£
426
6,428
60,508
6,013|31/3/20
£
286
6,548
87,579
(29,589)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13