SELLY WICK PRE-SCHOOL PLAYGROUP
(Limited by Guarantee)
COMPANY NUMBER 7292217 CHARITY NUMBER 1137051
REPORT AND ACCOUNTS YEAR TO 31ST AUGUST 2021
| Contents | Page No. |
|---|---|
| Legal And Administrative Information | 1 |
| Directors Report | 2 - 3 |
| Independent Examiner's Report | 4 |
| Statement Of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes To The Accounts | 7 - 10 |
SELLY WICK PRE-SCHOOL PLAYGROUP
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR TO 31ST AUGUST 2021
Registration
The company was incorporated, as a company limited by guarantee, at Companies House on 22nd June 2010, and registered with the Charity Commission for England and Wales on 23rd July 2010.
Secretary
L.A. Wormwell
Directors
G.T. Gilbert A.M. Livingstone S. Haynes
Registered Office and Operational Address
37-47, Raddlebarn Road, Selly Oak, Birmingham, B29 6HH
Independent Examiner
M.A. Edwards Accountants Limited Chartered Accountants, 26, The Green, Kings Norton, Birmingham, B38 8SD.
Bankers
Santander UK plc., BBAM, Bridle Road, Bootle, Merseyside, L30 4GB
1
SELLY WICK PRE-SCHOOL PLAYGROUP
DIRECTORS REPORT
FOR THE YEAR TO 31ST AUGUST 2021
The directors present their report and accounts for the year to 31st August 2021.
Principal Activity
The principal activity of the company is as a charity running a playgroup for pre school children.
Directors
The directors, who are all members of the company, who served during the year were as follows :-
G.T. Gilbert
A.M. Livingstone S. Haynes
Directors Responsibilities
Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the company and of the surplus or deficit of the company for that period. In preparing these the directors are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any
-
material departures disclosed and explained in the financial statements.
-
prepare the financial statements on the going concern basis unless it is inappropriate
-
to presume that the company will continue in operation.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Organisation of the Charity
The charity is run by the directors who are elected at the Annual General Meeting.
Objects
The charity's objects are to run a playgroup and care for pre school children in the Birmingham area.
Review of Activities
-
An extraordinary meeting was held at the start of the academic year and a new director was appointed S.Haynes (Chair) and also L. Wormwell was appointed as the Secretary.
-
Steady number of children attending this academic year (Autumn/Spring Terms).
-
In March 2020, the setting closed for the remaining of the academic year to adhere to the Government’s Covid 19 lockdown restrictions.
-
The Committee did not furlough any staff as the Nursery Grant Funding had already been paid and continued to be paid for the rest of the academic year. This meant staff could still be paid their full
2
SELLY WICK PRE-SCHOOL PLAYGROUP
DIRECTORS REPORT
FOR THE YEAR TO 31ST AUGUST 2021
-
The lockdown restrictions reduced in June 2020. Following this, the setting could have re-opened for the last half term of the academic year. However, after consultation with our service users, the
-
committee decided to remain closed to continue to keep the staff and children and their families safe. ● A grant of £10,000 was awarded via BCC’s Small Business rates scheme, this grant had no restrictions on what it could be spent on.
-
A pay rise was awarded from September 2019 to bring staff in line with UK living wage of £9.00. However, the UK living wage rate has since increased again to £9.30 per hour (£9.50 from 09/11/2020). A further pay-review will be undertaken at the start of the next academic year.
-
Our staffing costs could be reduced if we choose to operate at a higher adult:child ratio than statutory guidelines state. However, having a lower ratio is a practice the committee wish to continue, unless an urgent rationale for reducing costs was required and this could be reconsidered.
-
Training continues to be an area of importance to Selly Wick to ensure our staff develop their practice and this year all staff undertook ‘In the moment planning’.
-
Approximately £2,000 was allocated to cover maintenance costs. However, £4,320 was spent as the boiler was replaced to ensure a provision of hot water on the premises. In addition, the floor coverings in the office and kitchen were replaced and the setting fully redecorated inside.
-
Our website enables us to increase the public's awareness of our facilities. When planning the various activities, the directors have had regard to the Charity Commission's general guidance on public benefit. ● We acknowledge the generous contributions provided by our many donors, and the time given for free by our volunteer helpers.
Reserves Policy
The directors have decided that the unrestricted funds not committed or representing tangible fixed assets (free reserves) held by the charity should be not less than 6 months of expenditure. At the end of the year, the free reserves were approximately 10 months. It is considered necessary to have these reserves to keep the charity running in the event of a future reduction in funding. The directors are looking for new sources of funding for the charity.
Risk Review
The directors have reviewed the risks facing the charity. They will continue to seek future sources of funding to guard against a significant reduction in funding in the future. The directors of the charity, are involved in, and monitor the activities to avoid a fall in the quality of the facilities.
This report is prepared in accordance with the Charities SORP (FRS 102). This report was approved by the board of directors on and signed on its behalf by :-
G.T. Gilbert Director
3
SELLY WICK PRE-SCHOOL PLAYGROUP
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF SELLY WICK PRE-SCHOOL PLAYGROUP
FOR THE YEAR TO 31ST AUGUST 2021
I report on the accounts of the company for the year ended 31st August 2021, which are set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
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: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 or are not consistent with the Charities Statement of Recommended Practice FRS 102.
(2) which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Alan Edwards For and on behalf of :- M.A. Edwards Accountants Limited Chartered Accountants 26, The Green, Kings Norton, Birmingham, B38 8SD
4
SELLY WICK PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST AUGUST 2021
| Notes Incoming Resources Donations Other charitable activities Fees 2 Grants 3 Total incoming resources 10 Resources Expended Direct charitable expenses 10 Total resources expended Net incoming resources 4 Accumulated funds b/f Accumulated funds c/f |
2021 2020 Restricted Unrestricted Fund Fund Total Total - 94 94 575 - 754 754 333 - 8,855 8,855 12,976 - 104,733 104,733 100,497 |
|---|---|
| - 114,436 114,436 114,381 |
|
| (2,890) (98,564) (101,454) (112,239) |
|
| (2,890) (98,564) (101,454) (112,239) |
|
| (2,890) 15,872 12,982 2,142 115,358 66,101 181,459 179,317 |
|
| 112,468 81,973 194,441 181,459 |
The notes on pages 7-10 form part of these accounts.
5
SELLY WICK PRE-SCHOOL PLAYGROUP
BALANCE SHEET AS AT 31ST AUGUST 2021
| Notes Tangible Fixed Assets 5 Current Assets Cash at bank and in hand Creditors - amounts falling due within one year 6 Net Current Assets Net Assets Reserves Building fund - restricted 9 General fund - unrestricted 9 |
2021 2020 114,086 118,297 92,163 64,342 92,163 64,342 (11,808) (1,180) 80,355 63,162 194,441 181,459 112,468 115,358 81,973 66,101 194,441 181,459 |
2021 2020 114,086 118,297 92,163 64,342 92,163 64,342 (11,808) (1,180) 80,355 63,162 194,441 181,459 112,468 115,358 81,973 66,101 194,441 181,459 |
|---|---|---|
| 181,459 | ||
| 115,358 66,101 |
||
| 181,459 |
In approving these financial statements as directors of the company we hereby confirm :-
(a) That for the year to 31st August 2021 the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006;
(b) That no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year then ended;
- (c) That we acknowledge our responsibilities for;
(1) Ensuring that the company keeps accounting records which comply with Section 386;
(2) Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its surplus or deficit for the period then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared and delivered in accordance with :-
- (i) The special provisions of Part 15 of the Companies Act 2006 relating to the small companies regime;
(ii) FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland';
(iii) Part VI of the Charities Act 2011;
- (iv) The Charities Statement Of Recommended Practice FRS 102.
These financial statements were approved by the board of directors on and signed on its behalf by :-
G.T. Gilbert Director
The notes on pages 7-10 form part of these accounts.
6
SELLY WICK PRE-SCHOOL PLAYGROUP
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST AUGUST 2021
1 ACCOUNTING POLICIES
Accounting Convention
The financial statements are prepared under the historical cost convention and in accordance the Companies Act 2006 and the Charities Act 2011. They also follow the recommendations in the Charities Statement of Recommended Practice FRS 102.
Incoming Resources
The value of services provided by volunteers has not been included. Grants are recognised in full in the Statement of Financial Activities in the period in which they are receivable.
Outgoing Resources
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to each activity / fund where the cost relates to that activity / fund. The cost of general administration has been allocated to the unrestricted fund.
Funds
The Unrestricted fund is incoming resources which are used for the objects of the charity, without any specified purpose or further restriction. Restricted funds can only be used for the specific purposes as decided by the donor, within the objects of the charity.
Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Refurbishment costs :- 2% p.a. Straight line basis. Equipment, Fixtures and Fittings :- 15% p.a. Straight line basis.
Independent Examiners
In common with many other businesses of our size and nature, we used our independent examiners to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
2 FEES RECEIVED
Fees are received from the parents of the children for using the company's facilities.
| 3 | GRANT INCOME Small business rates scheme Nursery Education Funding |
2021 2020 - 10,000 104,733 90,497 104,733 100,497 |
|---|---|---|
7
SELLY WICK PRE-SCHOOL PLAYGROUP
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST AUGUST 2021
| 4 5 6 |
NET INCOMING RESOURCES 2021 2020 This is stated after charging :- Employee salaries 75,518 79,672 Employers national insurance 2,754 3,048 Independent examiner's remuneration 840 840 Directors' expenses - - Directors' remuneration - - There were no related party transactions. TANGIBLE FIXED ASSETS For charitable use Building Equipment, Refurbishment Fixtures and Totals Fittings Cost Balance b/f 144,499 37,802 182,301 Additions - - - Balance c/f 144,499 37,802 182,301 Depreciation Balance b/f 29,141 34,863 64,004 Charge 2,890 1,321 4,211 Balance c/f 32,031 36,184 68,215 Net book value At the end of the year 112,468 1,618 114,086 At the start of the year 115,358 2,939 118,297 CREDITORS 2021 2020 Accruals and prepaid income 11,808 1,180 |
NET INCOMING RESOURCES 2021 2020 This is stated after charging :- Employee salaries 75,518 79,672 Employers national insurance 2,754 3,048 Independent examiner's remuneration 840 840 Directors' expenses - - Directors' remuneration - - There were no related party transactions. TANGIBLE FIXED ASSETS For charitable use Building Equipment, Refurbishment Fixtures and Totals Fittings Cost Balance b/f 144,499 37,802 182,301 Additions - - - Balance c/f 144,499 37,802 182,301 Depreciation Balance b/f 29,141 34,863 64,004 Charge 2,890 1,321 4,211 Balance c/f 32,031 36,184 68,215 Net book value At the end of the year 112,468 1,618 114,086 At the start of the year 115,358 2,939 118,297 CREDITORS 2021 2020 Accruals and prepaid income 11,808 1,180 |
2020 79,672 3,048 840 - - |
|---|---|---|---|
| 144,499 37,802 |
182,301 | ||
| 29,141 34,863 2,890 1,321 |
64,004 4,211 |
||
| 32,031 36,184 |
68,215 | ||
| 112,468 1,618 |
114,086 | ||
| 115,358 2,939 |
118,297 | ||
| 2021 11,808 |
2020 1,180 |
- 7 SHARE CAPITAL AND RESERVES
The company is limited by guarantee and does not have a share capital. If the company is wound up, all the members have a liability not exceeding £1 each. This liability continues for one year after a member ceases to be a member of the company.
8
SELLY WICK PRE-SCHOOL PLAYGROUP
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST AUGUST 2021
8a MOVEMENT ON ACCUMULATED RESTRICTED FUND
| Balances b/f Income Expenditure Balances c/f |
Building General Fund Fund Restricted Unrestricted Total 115,358 66,101 181,459 - 114,436 114,436 (2,890) (98,564) (101,454) |
|---|---|
| 112,468 81,973 194,441 |
8b NET ASSETS ANALYSIS
| Fixed assets - refurbishment Fixed assets - equipment Cash at bank and in hand Creditors |
Building General Fund Fund Restricted Unrestricted Total 112,468 - 112,468 - 1,618 1,618 - 92,163 92,163 - (11,808) (11,808) |
|---|---|
| 112,468 81,973 194,441 |
In 2011, Birmingham City Council gave us a grant of £155,999 towards the refurbishment of the premises where the childcare takes place, which is included in the building fund This has enabled us to provide better quality care for the children. The expenditure on the building fund is the refurbishment depreciation. This grant could only be used to refurbish the building and purchase equipment, and was not available for other general expenditure, for example salaries.
9
SELLY WICK PRE-SCHOOL PLAYGROUP
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST AUGUST 2021
10 INCOME AND EXPENDITURE ACCOUNT
| Unrestricted fund Incoming Resources Fees from parents Nursery Education Funding grant Small business rates scheme Donations Other charitable activities Direct Charitable Expenditure Rent Rates and water Telephone and internet Heat and light Salaries Resources and toys Repairs Sundries Food and drink Stationery Professional fees Insurance Depreciation Unrestricted fund Surplus for the year |
8,855 12,976 104,733 90,497 - 10,000 94 575 754 333 114,436 114,381 4,688 6,250 1,664 1,988 802 746 1,698 1,672 78,272 82,720 1,184 2,520 2,508 4,320 585 2,037 2,159 1,464 1,220 751 1,247 2,031 1,216 1,286 1,321 1,564 98,564 109,349 15,872 5,032 2021 2020 |
8,855 12,976 104,733 90,497 - 10,000 94 575 754 333 114,436 114,381 4,688 6,250 1,664 1,988 802 746 1,698 1,672 78,272 82,720 1,184 2,520 2,508 4,320 585 2,037 2,159 1,464 1,220 751 1,247 2,031 1,216 1,286 1,321 1,564 98,564 109,349 15,872 5,032 2021 2020 |
|---|---|---|
| 114,381 109,349 |
||
| 5,032 |
10