REGISTERED CHARITY NUMBER: 1145082
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
FOR
EMLEY PLAYSCHOOL
Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
EMLEY PLAYSCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
EMLEY PLAYSCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
We are set up to advance the education of pre-school children in or local village and the surrounding areas.
ACHIEVEMENT AND PERFORMANCE
Internal and external factors
Staff member have continued with their professional development through the range of courses and qualifications, and the committee are pleased to support this where possible.
We have received ongoing support from the Methodist Church
FINANCIAL REVIEW
Reserves policy
The net profit for the year was £6,556 (2021 £3,201) on unrestricted funds.
The charities free reserves, excluding fixed assets, restricted and designated funds at the year-end were £35,753 The trustees have adopted a reserves policy for Designated and Restricted funds, it was agreed at the committee meeting in May 2012 that Emley Playschool would maintain a reserve of three months operating expenditure due to the rural location of the setting and the unpredictable nature of birth rates.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The overall management and control of the playschool will rest with the individual members of the playschools management committee. As well as being responsible for the management of the playschool the committee members are also charity trustees of the playschool.
The aims of the playschool are to enhance the development and education of the children under statutory school age by encouraging parents to understand and provide for the needs of their children community groups.
Subject to the provisions of the Charities Acts, every member of the committee shall be indemnified out of the assets of the Pre-school against any liability incurred by him/her in defending any proceedings, whether civil or criminal, in which judgement is given in his/her favour in which he/she is acquitted or in connection with any application in which relief is granted to him/her by the court from liability or negligence, default, breach of duty or breach of trust in relation to the affairs of the pre-school.
Recruitment and appointment of new trustees
The trustees of the charity are appointed by the members at the AGM. At every general meeting one third of the trustees shall retire from office and may offer themselves for re-election by the members.
Wider network
The aims of the playschool are to enhance the development and education of the children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
(a) 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:
(b) 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 areas:
(c) Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. The
Charities main activities
a) To provide high quality care and education for children below statutory school age, in a safe, secure and stimulating environment.
b) To work in partnership with parents to help children learn and develop.
c) To add to the life and well-being of the local community.
d) To offer children and their parents a service that promotes equality and values diversity.
Page 1
EMLEY PLAYSCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1145082
Principal address
Emley Methodist Church Hall Emley Huddersfield West Yorkshire HD8 9RP
Trustees
J Bacon H Sturdy K Morris B Whitehead (resigned 19.10.21) Z Henley (resigned 19.10.21) S Hubert (resigned 19.10.21) R Wray (resigned 19.10.21) L Burton (appointed 19.10.21) N Furness (appointed 19.10.21) I Emmerson J Nannar (resigned 4.5.22) L Nicholls
Independent Examiner
Mr M J Stead FMAAT Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
Bankers
Barclays Bank Plc 17 The Market Place Huddersfield West Yorkshire HD1 2AB
Approved by order of the board of trustees on 17 October 2022 and signed on its behalf by:
I Emmerson - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMLEY PLAYSCHOOL
Independent examiner's report to the trustees of Emley Playschool
I report to the charity trustees on my examination of the accounts of Emley Playschool (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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 view 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.
Mr M J Stead FMAAT Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
18 October 2022
Page 3
EMLEY PLAYSCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Other trading activities 2 71,554 - Investment income 3 4 - Other income - - Total 71,558 - EXPENDITURE ON Raising funds 4 61,242 - Other 3,760 - Total 65,002 - NET INCOME 6,556 - RECONCILIATION OF FUNDS Total funds brought forward 36,135 14,284 TOTAL FUNDS CARRIED FORWARD 42,691 14,284 |
2022 Total funds £ 71,554 4 - 71,558 61,242 3,760 65,002 6,556 50,419 56,975 |
2021 Total funds £ 62,727 19 11 |
|---|---|---|
| 62,757 | ||
| 58,470 1,086 |
||
| 59,556 | ||
| 3,201 47,218 |
||
| 50,419 |
The notes form part of these financial statements
Page 4
EMLEY PLAYSCHOOL
BALANCE SHEET 31 AUGUST 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 8 382 - CURRENT ASSETS Debtors 9 - - Cash at bank and in hand 42,641 14,632 42,641 14,632 CREDITORS Amounts falling due within one year 10 (332) (348) NET CURRENT ASSETS 42,309 14,284 TOTAL ASSETS LESS CURRENT LIABILITIES 42,691 14,284 NET ASSETS 42,691 14,284 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 382 - 57,273 57,273 (680) 56,593 56,975 56,975 42,691 14,284 56,975 |
2021 Total funds £ 382 368 50,056 50,424 (387) 50,037 50,419 50,419 36,135 14,284 50,419 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2022 and were signed on its behalf by:
I Emmerson - Trustee
H Sturdy - Trustee
The notes form part of these financial statements
Page 5
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Freehold property - 33% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
2. OTHER TRADING ACTIVITIES
| Fees received - Invoiced Lunch club fees Fundraising receipts Sale of fleeces and sweatshirt Nursery education funding Snack food income Covid grant received 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Staff costs Rent Insurance and subscriptions Postage and stationery Sweatshirts purchased Support costs |
2022 £ 8,068 1,279 1,180 101 60,704 222 - 71,554 2022 £ 4 2022 £ 51,668 6,578 721 472 347 70 59,856 |
2021 £ 11,292 3,035 254 28 47,218 150 750 |
|---|---|---|
| 62,727 | ||
| 2021 £ 19 2021 £ 49,148 5,983 653 342 253 683 |
||
| 57,062 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
continued...
Page 7
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2022 Staff 5 No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Other trading activities 62,727 - Investment income 19 - Other income 11 - Total 62,757 - EXPENDITURE ON Raising funds 58,470 - Other 1,086 - Total 59,556 - NET INCOME 3,201 - RECONCILIATION OF FUNDS Total funds brought forward 32,934 14,284 TOTAL FUNDS CARRIED FORWARD 36,135 14,284 8. TANGIBLE FIXED ASSETS Freehold Plant and Computer property machinery equipment £ £ £ COST At 1 September 2021 and 31 August 2022 1,520 380 1,420 DEPRECIATION At 1 September 2021 and 31 August 2022 1,519 - 1,419 NET BOOK VALUE At 31 August 2022 1 380 1 At 31 August 2021 1 380 1 |
2021 5 Total funds £ 62,727 19 11 62,757 58,470 1,086 59,556 3,201 47,218 50,419 Totals £ 3,320 2,938 382 382 |
|---|---|
continued...
Page 8
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Trade debtors | - | 368 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade creditors | 349 | 348 | ||
| Taxation and social security | 331 | 39 | ||
| 680 | 387 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.21 | in funds | 31.8.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 36,135 | 6,556 | 42,691 | |
| Restricted funds | ||||
| Designated Funds | 3,342 | - | 3,342 | |
| Restricted Funds | 10,942 | - | 10,942 | |
| 14,284 | - | 14,284 | ||
| TOTAL FUNDS | 50,419 | 6,556 | 56,975 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 71,558 | (65,002) | 6,556 | |
| TOTAL FUNDS | 71,558 | (65,002) | 6,556 |
continued...
Page 9
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.20 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 32,934 |
3,201 | 36,135 | |
| Restricted funds | |||
| Designated Funds 3,342 |
- | 3,342 | |
| Restricted Funds 10,942 |
- | 10,942 | |
| 14,284 | - | 14,284 | |
| TOTAL FUNDS 47,218 |
3,201 | 50,419 | |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund 62,757 |
(59,556) | 3,201 | |
| TOTAL FUNDS 62,757 |
(59,556) | 3,201 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.9.20 | in funds | 31.8.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 32,934 | 9,757 | 42,691 | |
| Restricted funds | ||||
| Designated Funds | 3,342 | - | 3,342 | |
| Restricted Funds | 10,942 | - | 10,942 | |
| 14,284 | - | 14,284 | ||
| TOTAL FUNDS | 47,218 | 9,757 | 56,975 |
continued...
Page 10
EMLEY PLAYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
11. MOVEMENT IN FUNDS - continued
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 134,315 | (124,558) | 9,757 |
| TOTAL FUNDS | 134,315 | (124,558) | 9,757 |
12. OTHER FINANCIAL COMMITMENTS
Designated funds
Included in unrestricted funds is a balance at the year-end of £3,342 (2021 £3,342) that has been designated by the trustees for the purchase of requested resources and contingency payments.
2021 2020
Outdoor equipment replacement 1,000 1,000 Training, laptop upgrade and other resources 2,000 2,000 Emergency Session funding 342 342 _ _ 3,342 3,342 ======== =======
Restricted funds
Reserves to be held (three months of operational expenditure) including redundancy payments based on the 31 August 2022 expenditure amounting to £11,290 (2021 £11,290)..
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 11
EMLEY PLAYSCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| FOR THE YEAR ENDED | 31 AUGUST 2022 | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fees received - Invoiced | 8,068 | 11,292 |
| Lunch club fees | 1,279 | 3,035 |
| Fundraising receipts | 1,180 | 254 |
| Sale of fleeces and sweatshirt | 101 | 28 |
| Nursery education funding | 60,704 | 47,218 |
| Snack food income | 222 | 150 |
| Covid grant received | - | 750 |
| 71,554 | 62,727 | |
| Investment income | ||
| Deposit account interest | 4 | 19 |
| Other income | ||
| Donations | - | 11 |
| Total incoming resources | 71,558 | 62,757 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 51,456 | 48,907 |
| Pensions | 212 | 241 |
| Rent | 6,578 | 5,983 |
| Insurance and subscriptions | 721 | 653 |
| Postage and stationery | 472 | 342 |
| Sweatshirts purchased | 347 | 253 |
| 59,786 | 56,379 | |
| Other trading activities | ||
| Equipment purchased | 1,041 | 1,131 |
| Food and snacks | 246 | 229 |
| Milk costs | 99 | 48 |
| 1,386 | 1,408 | |
| Other | ||
| Repairs and renewals | 108 | 243 |
| Sundry expenses | 292 | 60 |
| Professional fees | - | 109 |
| Training costs | 2,308 | 153 |
| Sage and payroll manager costs | 380 | 290 |
| Loyalty rewards | 662 | 231 |
| 3,750 | 1,086 |
This page does not form part of the statutory financial statements
Page 12
EMLEY PLAYSCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Management | ||
| Telephone | 80 | - |
| Computer equipment purchases | - | 601 |
| 80 | 601 | |
| Governance costs | ||
| Bad debts | - | 82 |
| Total resources expended | 65,002 | 59,556 |
| Net income | 6,556 | 3,201 |
This page does not form part of the statutory financial statements
Page 13