## **Sherwood Playgroup** (Registered charity, number 1156146) **Financial statements for the year ended 31 March 2024**
|**Page**|**Contents**|
|---|---|
|2 - 3|Trustees’ annual report|
|4|Independent examiner’s report|
|5|Receipts & payments account|
|6|Statement of assets & liabilities|
|7|Notes to the accounts|
## **Sherwood Playgroup Trustees’ annual report for the year ended 31 March 2024**
**Full name** Sherwood Playgroup
**Organisation type** Charitable incorporated organisation
**Registered charity number** 1156146
**Principal address** Woodthorpe House, Mansfield Road, Nottingham, NG5 3FN
## **Trustees**
Thulani Molife, Chair Sarah Kozlowska, Heidi Alvey
## **Independent examiner**
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
## **Governance and management**
The charity is a CIO Association and operates under its constitution adopted 12/03/14.
Trustees are voted in at a committee meeting and agree to serve and adopt all Playgroup policies.
## **Objectives and activities**
The charity objects are the development and education of children and young people in particular by:
1. Promoting their care and safety;
2. Promoting their education and promoting parental involvement;
3. Promoting their health and wellbeing;
4. Providing services to support them and their families and carers;
5. Providing services to individuals holding membership of the CIO; and
6. Furthering the aims of the Pre-school Learning Alliance.
## **Public benefit statement**
Allows parents to return to work or give them a break whilst their child is cared for in a stimulating environment.
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
## **Summary of the main activities undertaken for the public benefit**
We are a not for profit fully inclusive pre-school, which serves a wide area in the local community. We have a number of disadvantaged families who are able to access childcare through the local authorities funding for 2 year olds and also we provide the nursery education funding for three and four year olds. Some families pay for our
2
## **Sherwood Playgroup**
childcare service, fees charged are at a reasonable competitive rate. Children benefit from learning in their early years through planned and educational play both indoors and outdoors. Children can access three hours of childcare or as we offer a lunch club three times a week they can access a full day, giving parents the flexibility to work if they need to.
## **Summary of the main achievements during the period**
We continue to be as flexible as we can, offering a variety of hours for children which fits in nicely with working Parents or Parents who just need time to themselves during the day. We have had outdoor Forest school, which has been provided by an external Forest school teacher, this was paid for by obtaining additional grant money to benefit the children and their learning.
## **The charity’s policy on reserves**
We try to keep 3 month wage reserve in a seperate account, however we have had to use a small amount of money to cover staff wages if there are not sufficient funds in the current account at the end of the month.
## **Financial Risks**
Rising staffing costs, running costs, not being able to sustain funds to keep running.
## Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ Thulani Molife, Trustee
3
## **Independent examiner’s report to the trustees of Sherwood Playgroup for the year ended 31 March 2024**
I report to the trustees on my examination of the accounts of Sherwood Playgroup (the charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity 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 charity’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 examiner’s statement**
I have completed my examination. I confirm that no matters have come 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 respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records.
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.
Signed _________________________ Date ______________________ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
4
## **Sherwood Playgroup Receipts & payments account for the year ended 31 March 2024**
|_2023_
£
**Note**
**Receipts**
68404
Grants & donations
**2**
12077
Playgroup & lunch club fees
93
Bank interest
80574
**Total receipts**
**Payments**
71358
Wages, NI & pension
252
Bank charges
430
Training
2879
Rent & services
5054
Professional fees
991
Insurance
793
Communications
998
Office & stationery
1390
Subscriptions
95
Equipment, repairs & renewals
455
Groceries & milk
126
Sundry payments
84821
**Total payments**
(4247)
**Net receipts/(payments)**
24958
Cash funds at start of this period
20711
**Cash funds at end of this period**|**_2024_**
**£**
69598
9752
90|
|---|---|
||**79440**|
||71062
219
100
3078
4687
1039
950
430
1678
-
733
-|
||**83976**|
||**(4536)**
20711|
||**16175**|
5
## **Sherwood Playgroup Statement of assets and liabilities at 31 March 2024**
**----- Start of picture text -----**
2023 2024
£ Cash assets Note £
20711 Bank accounts 16175
20711 16175
Other monetary assets
495 Prepayment- Insurance 519
495 519
Assets retained for the charity’s own use
General equipment.
Liabilities
(796) Creditors 3 (918)
(796) (918)
**----- End of picture text -----**
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ Dated ___________ Sarah Kozlowska, Trustee
6
## **Sherwood Playgroup Notes to the accounts for the year ended 31 March 2024**
## **1. Receipts & payments accounts**
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
## **2. Grants & donations**
**£** Castle Cavendish 5700 Masonic Charitable Trust 3762 Nottingham City Council 58601 Nottingham Trent University 300 Sundry grants & donations 1235 **69598**
## **3. Creditors**
|Wages,NI & pensions (HMRC)
Professional fees|**£**
120
798|
|---|---|
||**918**|
## **4. Trustees’ remuneration**
During this period, a salary of £10,154 was paid to one trustee, Sarah Kozlowska, who is also employed by the charity.
## **5. Related party transactions**
There were no related party transactions during the period.
## **6. Glossary of terms**
**Creditors:** These are amounts owed by the charity, but not paid during the accounting period.
**Prepayments:** These are services that the charity has paid for in advance, but not used during the accounting period.
7