2023-03-31-accounts - Marlow Opportunity Playgroup

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Trustees Annual Report for the period 1 April 2022 — 31 March 2023

Charity Name: Marlow Opportunity Playgroup

Registered Charity number: 1177581

Charity's principal address :

Scout HQ Watery Lane Woburn Green HP10 ONE

Names of the charity trustees who manage the charity:

Paul Finch, Chair
John Prout, Vice-Chair
Sherida Atherton, Treasurer
Catherine Aus�n, Governance
Susan Smith, Secretary
Jane Gibbons

Structure, Governance and Management

playgroup operated for many years as an unincorporated charity with all assets moved to the CIO effec�ve January 1st 2021. The CIO operates under a Founda�on Model Cons�tu�on.

Marlow Opportunity Playgroup is managed by its trustees. One trustee, Jane Gibbons, is also our paid Playgroup Leader. Trustees are typically recruited as a result of a personal connec�on with the children or staff at playgroup, or from a local community group.

Objec�ves and Ac�vi�es

Our objec�ves and ac�vi�es are:

to provide a safe, caring and s�mula�ng environment where children, primarily with special needs can learn through play.
to operate under charitable status managed by a voluntary commitee and run by qualified staff.
To advance the educa�on of children, in par�cular but not exclusively, those with special needs through the provision of nursery and pre-school care.

To advance the educa�on and training of persons in the provision of such pre-school care.

Achievements and Performance

The year ended March 2023 was successful and rewarding for MOP. Pu�ng Covid restric�ons behind us was a huge relief, and we were able to deliver a full and varied programme to our current cohort of special children.

Recent years have seen increasing levels of demand for places at MOP. Demand has always exceeded the number of places we can offer and last year we were able to extend the number of places available by introducing two a�ernoon sessions per week. The addi�onal sessions have been a great success, enabling us to offer some quieter sessions for children with more complex needs. We are s�ll opera�ng with a wai�ng list but try our very hardest to accommodate as many children as possible.

recognised as an Outstanding se�ng. This reflects the training and dedica�on of all our staff, and the rela�onships built with parents, carers, and therapists.

twelve months of this report. We work with a high staff to child ra�o (o�en 1:1), which is very expensive and only the generous dona�ons we receive makes this sustainable. We also want to enhance the playgroup offering with rich and diverse experiences for the children that help to develop each child’s poten�al.

An excellent example of the expanded opportuni�es available last year was provided by the Yusra Jinaan Founda�on, with whom MOP facilitated ini�al speech therapy assessments for children who were receiving no input from the NHS. These assessments provided the direc�on to set aims for the children’s communica�on development, proving very useful for MOP as well as the children’s parents.

Music therapy remains a popular and integral part of our curriculum. Working with Litle Star, we have been able to buy in two group music sessions per week, as well as offer 1:1 music therapy for 6 children every week. We also host a community concert termly which have been very popular and we invite our families to par�cipate in our end of term par�es which include music from the children.

for all the children offering a wonderfully boisterous opportunity to play.

We currently have 34 children on our current register, with ten children on the wai�ng list.

Financial Performance

income over the financial year of £281K, of which 56% was from grants, dona�ons and fundraising.

surplus of £13k. The surplus boosted our reserves which had been reduced in the previous year.

Liam is a member of the Chartered Ins�tute of Management Accountants and has the experience and qualifica�ons required to provide an examina�on. The trustees confirm that an audit is not required as the charity’s assets are well below £3.26m. Liam’s report can be found on pages 10 & 11.

Reserves

It is the inten�on of the trustees to build a reserve equal to nine month's opera�ng costs. This would equate to £200,000. Our ambi�on is to ensure that if one of our main funding sources were discon�nued, we could remain open un�l alterna�ve provision is found for the children on the register. At year-end reserves were £176K.

Future Outlook

fundraising and dona�ons are always required to con�nue to provide rich experiences, therapy, and joy to the children.

Declara�on

The Trustees declare that they have approved the trustee's report above. Signed on behalf on the charity's trustees.

Signature(s)

Full name(s) Paul Finch

Posi�on CHAIRMAN TRUSTEE

MARLOW OPPORTUNITY PLAYGROUP

Registered Charity number 1177581

Financial Statements for the year ended 31 March 2023

STATEMENT OF FINANCIAL ACTIVITES

FOR THE YEAR ENDED 31 MARCH 2023

Notes INCOMING RESOURCES Voluntary income 3[a] Activities for generating funds 3[b] Investment income 3[c] Funds transferred from unincorpora3[d] TOTAL INCOMING RESOURCES RESOURCES USED Charitable activities 4 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES / [EXPENDITURE] TRANSFER BETWEEN FUNDS NET MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD AT 1 APRIL BALANCES CARRIED FORWARD AT 31 MARCH	Unrestricted funds 244,774 7,879 690 - 253,344 239,805 239,805 13,538 - 13,538	Restricted funds 27,454 27,454 27,454 27,454 - - -	Total funds 2023 Total funds 2022 272,228 201,977 7,879 10,286 690 13 - - 280,798 212,276 267,259 243,215 267,259 243,215 13,538 (30,939) - - 13,538 (30,939) 162,631 193,570 176,169 162,631	Total funds 2023 Total funds 2022 272,228 201,977 7,879 10,286 690 13 - - 280,798 212,276 267,259 243,215 267,259 243,215 13,538 (30,939) - - 13,538 (30,939) 162,631 193,570 176,169 162,631
				(30,939) - (30,939) 193,570
				162,631

BALANCE SHEET

AS AT 31 MARCH 2023

Notes FIXED ASSETS CURRENT ASSETS Cash in bank and in hand Short term deposits TOTAL CURRENT ASSETS CURRENT LIABILITIES Sundry creditors and accruals 5 Deferred income 6 NET CURRENT ASSETS TOTAL NET ASSETS	- 13,413 163,433 176,846 676 176,170 176,170 2022-23	- 65,960 122,743 188,703 26,072 - 162,631 162,631 2021-22

For the year ending 31 March 2023,) the organisation was entitled to exemption from audit under section 477of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with FRS102 SORP.

Signed: ............................................ Paul Finch

Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Notes to the Accounts (continued)

3. INCOMING RESOURCES

Restricted Funds

Unrestricted funds represent the funds of Marlow Opportunity Playgroup that are not subject to any restrictions regarding their use, and are available for application on the general purpose of the paygroup.

Restricted funds represent donations and grants received for a specific objective, and may only be expended on the specific objective for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Restricted funds recognised in these accounts relate to: [1] The Big Lottery fund. We received £27,454 between April '22 - March '23 to fund the role of Playgroup Supervisor.

INCOMING RESOURCES Unrestricted Restricted Big Lottery 3[a] Voluntary income Funding 37,716 Support Assistance 74,191 Grants 31,107 27,454 Fees 4,690 Donations 90,798 Coronavirus Job Retension Sc - Other 6,271 244,774 27,454 3[b] Activities for generating funds Fundraising 7,879 - 3[c] Investment Income Bank deposit interest 690 - 3[d] Incoming Resources 4. RESOURCES USED Unrestricted Restricted Big Lottery Charitable activities Staff Costs 195,979 27,454 Transport Rent 5,796 Services 9,516 Training 1,944 Equipment & materials 18,478 Expenses 2,400 Other 5,692 239,805 27,454 5. CURRENT LIABILITIES (Creditors and Accruals) [a] Sundry creditors and accruals PAYE (March 22) CCS Media Sing & Sign Music Time with Val PH Cleaning BUCKS CC (overpayment)		2023 2022 37,716 38,548 74,191 19,364 58,561 83,223 4,690 1,470 90,798 49,772 - 798 6,271 8,801 272,228 201,977 7,879 10,286 690 13 280,798 212,276 2023 2022 223,433 202,081 - - 5,796 6,303 9,516 9,563 1,944 714 18,478 16,629 2,400 1,540 5,692 6,384 267,259 243,215 2023 2022 1955 114 500 50 676 641 22812 676 26,072 Total Funds Total Funds

6. RESERVES

It is the intention of Marlow Opportunity Playgroup to operate with a reserve equal to nine month's operating costs in order to build financial resilience. Our income varies depending on a number of factors and we need to be able to cover costs and sustain playgroup places for children in the event of a funding shortfall for at least nine months.

Notes to the accounts (cont)

Note 7 Details of certain items of expenditure

7.1 Trustee expenses

Number of trustees who were paid expenses Nature of the expenses Total amount paid

----- Start of picture text -----
This year Last year
None None
£0 £0
----- End of picture text -----

7.2 Fees for examination or audit of the accounts

Independent examiner’s or auditors' fees for reporting on the accounts

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor

	This year £ None	Last year £ None
	None	None

Note 8 Paid employees

8.1 Staff Costs

Gross Wages, Salaries and Benefits in Kind Employer's National Insurance costs Pension costs	This year £ Last year £ 183,410 172,640 30,767 19,929 11,210 9,512
	225,387 44,726

8.2 Average numberof full-time equivalent employees in the year

All paid employees at Marlow Opportunity Playgroup work in the playgroup setting.

Fundraising Charitable activities Governance Other	This year Last year 0 0 10 10 0 0 0 0
	10 10

9.3 Defined contribution pension scheme

A defined contribution scheme is operated (using Nest Pensions), in accordance with employment law.If an employees earns £10,000 per year they are automatically enrolled, but all employees have the option to join. Playgroup contributes 3%, employee pays 5%.

The costs of the scheme to the charity in the year The amount of any contributions outstanding at the end of the year The amount of any contributions prepaid at the end of the year	This year Last Year N/A N/A N/A N/A N/A N/A

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustee81 members of OLT LIP On accounts for the year ended SI MrtRQH to'L Charlty no Ilf any) 1177£81 Set out on pages I report lo the trustees on my examination of the accounts of the above charity {"Ihe Trust.) for the year endeds I I C 31 LOL3 A8 thè ch8rity's trustees, you are responsible for the preparation of the accounts in accordancé with the requirements of the Charities Act 2011 ('th8 Act.). Re8pon8lbllltles and bas18 of report I report in respect of my 8xamin8tion 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 tThe charity's gross income exceeded £250.000 and l am qualified to •xamlnerf8 Statement undertake the examination by being a qualified member of linsert name ol applicable1181ed bodyll. Delete l J rfnot appI8b18. I have completed my examination. l ¢xnfim that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which give6 me cause to believe that in, any material respect.. the accounting records were not kept in accordance wtth section 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the spplicable raquiremenls oncerning the foTh 8nd content of accounts set out in the Charities (Aceounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not 8 matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo whrch attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. ' Fyease deletè the words in th& brackets rfthey do not appfy. Slgned: Name". Relevant professional qualifiGatlon(8) or body QieE<Q 21l IER Oct 2018

Ilf any): Address: IS F ALkL•lNIJs (LO&£. O LEtsrt ois Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charty accounts- directions and guidance for examiners). Glve here brfef detall8 of any items that the examiner wlshes to dliclo80. IER Oct 2018