2024-08-31-accounts - Church Of Ascension Pre-School Playgroup

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Church of Ascension Pre-School Playgroup

Charity Number 1164991 Income / Expenditure for the year ending 31st August 2024

Income		2024		2023
Nursery Grant inc ISEY	£	46,088.62	£	42,697.35
Fees	£	12,222.79	£	20,772.83
Fundraising	£	1,390.00	£	1,009.27
DFE Funding for Qualifcations	£	200.01	£	1,386.69
Donations inc Gift Aid	£	1,368.91	£	120.00
Garden Project Grants and Donations	£	-	£	-
COVID 19 Grants	£	-	£	-
EYPP/DAF			£	-
Total	£	61,270.33	£	65,986.14
Expenditure				2023
Salaries	£	60,360.97	£	59,694.27
Rent	£	10,524.50	£	9,366.50
Insurance & Subscriptions	£	253.94	£	1,992.53
Consumables	£	915.98	£	735.93
Equipment	£	274.83	£	1,730.33
Fundraising Costs	£	-	£	60.50
Garden Project	£	-	£	-
EYPP/DAF	£	-	£	-
Total	£	72,330.22	£	73,580.06
Net Profit / Loss	-£	11,059.89	-£	7,593.92
Balance Sheet as at 31st August	2023
Cash in Hand	£	1,321.92	£	1,542.44
Cash at NatWest	£	24,758.82	£	35,598.19
Total Assets	£	24,758.82	£	37,140.63
Current Liabilities		0		0
Total Assets less Liabilities	£	24,758.82	£	37,140.63

Profit and Loss Account

Between 01/09/23 and 31/08/24

Income Nursery Grant inc ISEY £ Fees £ Fundraising £ Donations inc Gift Aid £ 2019/20 Grant received in advance Garden Project Grants and Donations COVID 19 Grants EYPP/DAF DFE Grants £ £ Expenses Salaries inc. Cover Rent Insurance & Subscriptions/Training Consumables Equipment Fundraising Costs Garden Project EYPP/DAF Net Profit(Loss)	2024 2023 2022 2021 2020 46,088.62 42,697.35 £ 34,612.46 £ £50,939.34 £57,790.31 12,222.79 20,772.83 £ 12,497.50 £ £8,994.03 £6,136.00 1,390.00 1,009.27 £ 1,049.00 £ £205.45 £587.28 1,368.91 120.00 £ 140.49 £ £77.20 £55.01 0 - £ - £ - £ - £ 0 - £ 2,253.55 £ £949.44 £9,400.00 0 - £ - £ £1,050.15 8,143.60 £ 0 - £ 2,000.00 £ £876.15 1,200.00 £ 200.01 1,386.69 £ 3,000.00 £ £1,000.00 - £ 61,270.33 £ 65,986.14 £ 55,553.00 £ 64,091.76 £ 83,312.20 £ 60,360.97 £ 59,694.27 £ 48,110.65 £50,701.83 £52,312.25 £ 10,524.50 £ 9,366.50 £ 9,450.51 £9,862.00 £8,276.00 £ 253.94 £ 1,992.53 £ 1,017.75 £1,658.93 £1,141.32 £ 915.98 £ 735.93 £ 479.93 £667.94 £646.97 £ 274.83 £ 1,730.33 £ 734.14 £1,533.56 £1,113.75 £ 0.00 £ 60.50 £ 15.00 £46.79 £70.97 £ 0.00 £ 0.00 - £ - £ £11,712.84 £ 0.00 £ 0.00 - £ 876.15 £ £1,188.00 £ 72,330.22 £ 73,580.06 £ 59,807.98 £ 65,347.20 £ 76,462.10	2023 2022 2021 2020 42,697.35 34,612.46 £ £50,939.34 £57,790.31 20,772.83 12,497.50 £ £8,994.03 £6,136.00 1,009.27 1,049.00 £ £205.45 £587.28 120.00 140.49 £ £77.20 £55.01 - - £ - £ - £ - 2,253.55 £ £949.44 £9,400.00 - - £ £1,050.15 8,143.60 £ - 2,000.00 £ £876.15 1,200.00 £ 1,386.69 3,000.00 £ £1,000.00 - £
	(£11,059.89) (£7,593.92) (£4,254.98) (£1,255.44) £6,850.10

Balance Sheet

as at 31 August 2023

2024 2023 2022 2021 2020 2019 2018 Current Assets Cash in hand £ 1,321.92 £ 1,542.44 £ 797.44 £ 14.44 £ 1,283.78 £1,260.92 £ 102.45 Cash at Bank £ 24,758.82 £ 35,598.19 £ 43,937.11 £ 48,975.09 £ 48,961.19 £ 41,968.18 £ 39,249.86 Current Liabilities £ 0.00 £ 0.00 £ 0.00 £ 0.00 £ 0.00 £ 0.00 £ 0.00 Total Assets Less Current Liabilities £ 26,080.74 £ 37,140.63 £ 44,734.55 £ 48,989.53 £ 50,244.97 £ 43,229.10 £ 39,352.31

Accumulated Fund

Brought forward from previous August £ 37,140.63 £ 44,734.55 £ 48,989.53 £ 50,244.97 £ 43,229.10 £ 39,834.75 £ 22,304.71 Profit/Loss for the year -11,059.89 -£ 7,593.92 -£ 4,254.98 -£1,255.44 £7,015.87 £13,394.35 £ 7,530.04 £ 26,080.74 £ 37,140.63 £ 44,734.55 £ 48,989.53 £ 50,244.97 £ 53,229.10 £ 29,834.75

Phillippa Holroyd 32 Hurst Green Road Bentley health Solihull B93 8AF 20" Jaruary 2025 To whom it may concern Examination of the accounts of the Church of the Ascension Playgroup for year ending 31" August 2024 Respective responsibilities of the Trustees and Examiner The association5 trustees are responsible for the preparation of the the accounts. The association's trustees consider that an audit is not required for the year lunder section 43121 of the Charitie5 Act 19931. and that an independent exarnination is needed. It is my responsibility to examine the account5 lunder Section 43 {21{al of the 1993 Act) to follow procedures laid down in the General Directions given by the Charity Commissioners lunder Section 43 17llbl of the 1993 Attl and to state whether matters have come to my attention. Basis of Independent Examiners report My examination was carried out in accordance with the General Direction given by the Charitv Commissioners. An examination includes a review of the accounting reports kept by the Charity and a cornparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the accounts, and in seeking explanations from you as trustees concerning any Such matters. The procedures undertaken do not provide all the evidente that would be required by n audit and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiners Statement In connection with my examination no matter has corr* to my attention l. Which 8ives reasonable cause to believe that in any rnaterial respect the reqLJirements to keep accounting records in accordance with Section 41 of the 1993 Act. and to prepare accounts which accord with the accounting records and complywith the accounting requirements of the 1993 Act have not been met.. or 2. To which in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached A copy of the accounts is a pended Phillippa Holroyd Qualification.. AAT Accountin8 Technician

Trustees' Annual Report for the period

	Period start date	Period start date			Period end date	Period end date
	01	Sept	2023		31	Aug	2024
From				To

Section A Reference and administration details

Charity name Church of Ascension Pre-School Playgroup

Other names charity is known by Registered charity number (if any) 1164991

Charity's principal address Chatterton Hall, 93b School Road Hall Green Birmingham Postcode B28 0TU

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Lisa Janes	Treasurer/Ofsted Nominated Person	01-12-2015 to current
Janet Whitington		01-09-2016 to current
Naomi McTernan		01-01-2017 to current
Emilie Fleming		08-05-2020 to current

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Mrs A Ford - Manager

Section B Structure, governance and management

Description of the charity’s trusts

CIO FOUNDATION Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted

(eg. trust, association, company)

Elected at AGM, DBS checked and Ofsted approved via EY2 Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Ofsted Registered EY499138

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

To keep children safe in an open, honest and caring environment by ensuring safeguarding is at the forefront of everything we do To provide experiences that enable children to learn through play Summary of the objects of the To enable children to build secure relationships whilst developing independence and charity set out in its social skills governing document To work closely with families to ensure that children have the best possible start on

To work closely with families to ensure that children have the best possible start on their educational journey and that families feel supported during their time with us

March 2012

TAR

September 2023 began with 21 children on roll. 14 of who were funded, 1 receiving EYPP, 3 on deprivation funding. 5 staff employed

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

March 2012

TAR

Section D Achievements and performance

Manager’s Report Summary of the main achievements of the charity Staff during the year As a whole team we went to Childcare Expo – an event in Coventry with workshops on SEN.

We celebrated many festivals such as Ramadan, Diwali, Eid. We learnt about Patron Saints, Road Safety and took part in World Book Day and Nursery Rhyme Week. We explored science during the national annual week. Parents joined us for a Nativity performance and the children enjoyed a Christmas Party. We ended the year with an outing to Birmingham Conservation Park and a Graduation Ceremony and Party. We finished the year with 19 on roll, 13 on 3-year-old funding and 6 on the new 2-year-old funding.

This year has seen some major changes to the funding for early years. More parents than ever are looking for 30 hours and starting to make use of the new 15 hours for 2 years olds with working parents. This has had an impact on the number of enquiries we have had over the year. Many were looking for full time nursery places. With this and the financial difficulties as outlined in the treasurer’s report, it became increasingly difficult for us to continue in a present format of a part time packaway setting. The business model we follow of a sessional charity Pre-School became no longer financially viable. We explored many different ideas, from becoming a full time day care nursery to only offering a small number of funded places. Unfortunately, not only is this unfeasible and not available to us at our current location, it would be in direct opposition to our ethos and the principles we have upheld over the 50 years our setting has been open. It was with great sadness that we made the decision to close at the end of this academic year.

On the 28/02/24 all Trustees were given 14 days’ notice and invited to an EGM - formal proposal to terminate the charity, they were issued with a copy of the accounts including liabilities and a copy of Resolution Staff were given an at risk notice regarding the decision to be made at the meeting. On the 13[th] March 2024, the Trustees voted on the resolution and signed the minutes. All staff were written to on the 14[th] March 2024 informing them of the decision to close to children on 19[th] July 2024. A redundancy consolation was started and concluded on 29/03/2024. Of the 4 remaining staff, 2 were given 12 weeks’ notice of redundancy on 19[th] July 2024. 2 staff will be retained to close down the setting, dispose of its equipment and assets. All parents and the Church (Landlord) were informed in writing of the closure on 02/04/2024. The setting permanently closed on 19[th] July 2024. The charity will be wound down and closed during the next financial year.

March 2012

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

Our policy on reserves is to keep enough funds for the charity to continue to run with no income for 3 months, as well as enough to cover potential redundancies. Due to the ongoing financial difficulties we no longer have this reserve, but are able to cover redundancies.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Treasurers Report 2023-24

For the past 3 years the playgroup has made a loss despite high numbers of children. This is mainly due to the rise in the minimum wage and the disparity between these rises and the funding rates we receive. As highlighted in last years report this is not sustainable. It was predicted early on that we would again make a substantial loss this year of approx. £10,000. Without substantially increasing our fees and donations, the business model we operate could not continue. In order to meet our financial obligations, staff redundancy we made the decision to close at the end of the academic year. 2 staff will be retained on their current wages to close down the setting and then the charity, and will then be made redundant.

The charity is currently solvent and can meet all of its liabilities

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Lisa Janes Position (eg Secretary, Chair, Treasurer etc) Date 02/10/2024

March 2012

TAR