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2024-04-05-accounts

Trustees’ Annual Report for the period

From 06/04/2023 To 05/04/2024

Charity name: MOORGATE EARLY YEARS CENTRE

Charity registration number: 1775215

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To provide a high quality of care and
facilities for recreation and educational
development to those children under the
statutory school age.
To enhance the development and education
of children under statutory school age by
encouraging parents to understand and
provide for the educational, developmental
and other needs of their children.
To provide the necessary facilities for the
daily care, recreation and education of
children during out of school hours including
school holidays.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Providing purposeful activities for early years
children for them to learn through play. To
ensure that all children’s needs are met and
they progress in their learning and
development.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 As Trustees, we have regards to the
guidance issued by the Charity Commission.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Munchkins childcare is continuing to provide
childcare for early years children. We are
teaching our children through purposeful
play to develop their learning and
development.
Munchkins childcare meets the needs of the
community, reaching out to vulnerable
children and making referrals for children
and their families that need multi-
professional support.
Munchkins has expanded provision to cater
for an increased number of families within
the local area.
Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41 Munchkins has created more places for
children within the local area allowing us to
expand the provision offered. Providing
purposeful activities for early years children
for them to learn through play to an
increased number of children. To ensure that
all children’s needs are met and they
progress in their learning and development.
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41

Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Munchkins position remains positive despite
increased expenditure and overheads. The
increase in funded hours to start in April
2024 is expected to improve this situation
further.
Munchkins does not have any outstanding
liabilities.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We hold 3 months wages and expenditure in
reserve to cover any pay in the event of
redundancy.
We are also hoping to increase reserves to
enable Munchkins to improve the outside
areas for the children.
Amount of reserves held Para 1.22 £68,000
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO Foundation Constitution
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Potential trustees apply for the post and are
vetted by the existing trustees. Once a
candidate is selected they are appointed
once an Enhanced DBS is completed.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Moorgate Early Years Centre
Other name the charity uses Munchkins Childcare
Registered charity number 1175215
Charity’s principal address Moorgate
Ormskirk
Lancashire
L39 4RY

Names of the charity trustees who manage the charity

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 Trustee name Office (if any) Office (if any) Dates acted if not for whole
year		 Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Gemma Hampson
Paul Nelson
Sarah McDonough
Rachael Towersey
Corporate trustees– names ofthe directors at the date thereportwas approved
Director name
Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

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

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) G Hill Full name(s) Gemma Hill Position (eg Secretary, Setting Manager Chair, etc) Date 13/02/2025

Registered Charity Number :- 1175215

MOORGATE EARLY YEARS CENTRE FINANCIAL STATEMENTS

FOR THE YEAR END 05 April 2024

MOORGATE EARLY YEARS CENTRE MOORGATE NURSERY SCHOOL & MUNCHKINS CHILDCARE MOORGATE ORMSKIRK 01695581714 sarahoneyman@munchkinschildcare org

MOORGATE EARLY YEARS CENTRE

CONTENTS

FOR THE YEAR ENDED 05 April 2024

STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 3 BALANCE SHEET ........................................................................................................................................................... 4 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 5

2

MOORGATE EARLY YEARS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 05 April 2024

Recommended categories by
activity
Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Total
Expenditure on:
Raising funds
5
Charitable activities
6
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
Total Funds 2024
£
-
-
346,636.84
346,636.84
-
-
346,636.84
346,636.84
9,762.04
9,762.04
263,798.44
263,798.44
273,560.48
273,560.48
73,076.36
73,076.36
73,076.36
73,076.36
58,275.91
58,275.91
131,352.27
131,352.27

3

MOORGATE EARLY YEARS CENTRE

BALANCE SHEET

FOR THE YEAR ENDED 05 April 2024

Recommended categories by
activity
Notes
Current assets
Debtors
8
Cash at bank and in hand
9
Total current assets
Creditors: amounts falling due within
one year
10
Net current assets/(liabilities)
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
11
Restricted income funds
11
Endowment funds
11
Total funds		 Unrestricted funds
£
Total Funds 2024
£
11,328.35
11,328.35
120,429.82
120,429.82
131,758.17
131,758.17
633.90
633.90
131,124.27
131,124.27
131,124.27
131,124.27
131,352.27
131,352.27
-
-
131,352.27
131,352.27

The financial statements were approved by the Board on 11-Feb-2025 and signed on its behalf by:

MOORGATE EARLY YEARS CENTRE Judit Leszkovar

4

MOORGATE EARLY YEARS CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 April 2024

1 Accounting Policies

1.1 Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.2 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.3 Going concern

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

2 Income from Donations and Legacies

Analysis
General grants provided by Government/other charities		 Total
funds 2024
£

-
-

3 Income from Charitable Activities

Analysis

Sale of service		 Unrestricted
funds
£
346,636.84
346,636.84		 Total
funds 2024
£
346,636.84
346,636.84

5

MOORGATE EARLY YEARS CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 April 2024

4 Income from Other Trading Activities

Analysis
Events		 Total
funds 2024
£
-
-

5 Expenditure on Raising Funds

xpenditure on Raising Funds
Analysis
Support Costs		 Total
funds 2024
£
9,762.04
9,762.04

6 Expenditure on Charitable Activities

Analysis
Charity management & administartio
Charity running cost
Cost of services
Employee costs
Printing and stationery
Legal/professional fees
Wages and salaries
Staff costs
Support Costs		 Total
funds 2024
£
28,744.29
5,980.62
676.83
2,499.62
1,694.25
5,002.17
146,476.21
62,458.40
10,266.04
263,798.44

7 Support Costs

Analysis
Staff costs
Governance Costs
Accountants fees		 Total
funds 2024
£
19,524.09
504.00
20,028.09

6

MOORGATE EARLY YEARS CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 April 2024

8 Debtors: Amounts falling due within one year

Total funds 2024 £ Trade debtors 11,328.35 11,328.35

9 Cash at bank and in hand

Total funds 2024

£ Moorgate Early Years Centre 120,429.82 120,429.82

10 Creditors: Amounts falling due within one year

Total funds 2024 £ Trade creditors 633.90 633.90

7

MOORGATE EARLY YEARS CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 April 2024

11 Charity funds

11.1 Details of material funds held and movements during the CURRENT reporting period

Fund names Fund balances
brought forward
Income		 Expenditure Transfers Gains
and
losses		 Fund balances
carried forward
£ £ £ £ £ £
Unrestricted
funds
General
Fund		 58,275.91 346,636.84 (273,560.48) - - 131,352.27
Total 58,275.91 346,636.84 (273,560.48) - - 131,352.27
11.2 Transfers between funds
This Year
Amount
£
Between unrestricted and restricted funds -
Between endowment and restricted funds -
Between endowment and unrestricted funds -

8

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees
On accounts for the year
ended
Set out on pages		 MOORGATE EARLY YEARS CENTRE MOORGATE EARLY YEARS CENTRE MOORGATE EARLY YEARS CENTRE
05/04/2024 Charity no
(if any)		 1175215
8

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/202 4

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 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

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICPA.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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: Judit Leszkovar

Date: 11/02/2025

Name: Judit Leszkovar Relevant professional Certified Practising Accountant qualification(s) or body ICPA :JLB010 (if any):

Oct 2018

1

IER

Address: J.L Bookkeeping and Advice Services Ltd

Paddock Business Centre, 2 Paddock Road Skelmersdale

WN8 9PL

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

N/A

Oct 2018

2

IER