## **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||||||
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|||Corporate trustees– names ofthe directors at the date thereportwas approved
**Director name**||||||
|||**Director name**||||||
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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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
## **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**