## **CARMEL PLAYGROUP AND TODDLERS** 

**Financial Statements For the Year Ended 31st August 2023** 

**Charity Number 1177864** 



## **CARMEL PLAYGROUP AND TODDLERS** 

## **Index To The Financial Statements** 

**For the Year Ended 31st August 2023** 

||**Page**|
|---|---|
|Charity Information|2|
|Trustees’ Report|3|
|Independent Examiners Report|4|
|Receipts and Payments|5|
|Notes to the Financial Statements|6|



1 



## **CARMEL PLAYGROUP AND TODDLERS** 

**For the Year Ended 31st August 2023** 

## **CHARITY INFORMATION** 

## **TRUSTEES** 

Carl Pearce (Chair) Julie Biggadike Natalie White (from Sept 23) Michaela Blythin (from Sept 23) Bethan Williams (from Nov 23) Hannah Chowdhury (from Jan 24) 

## **CHARITY NUMBER                                   1177864** 

## **BANKERS** 

## **CONTACT INFORMATION** 

HSBC High Street Shotton Ysgol Bro Carmel Carmel Road Carmel Holywell Flintshire United Kingdom CH8 8NU 

2 



## **CARMEL PLAYGROUP AND TODDLERS** 

## **Trustees’ Report** 

The Trustees present their annual report with the accounts of the charity for the Year Ended 31st August 2023. 

## **THE OBJECTS OF THE CHARITY** 

The objects of CARMEL PLAYGROUP AND TODDLERS (hereinafter referred to as CPG) are: 

TO ENHANCE THE DEVELOPMENT AND EDUCATION OF CHILDREN IN WALES, FOR THE PUBLIC BENEFIT,  BY  ENCOURAGING  PARENTS  TO  UNDERSTAND  AND  PROVIDE  FOR  THEIR  NEEDS THROUGH HIGH QUALITY CHILDCARE PROVISION. 

In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit at our trustee meetings. The Charity meets the Charity Commission's public benefit criteria under both the advancement of education, the advancement of citizenship or community development headings. 

## **GOVERNANCE AND MANAGEMENT STRUCTURE** 

The charity's governing document is its constitution and the charity was registered, with the Charity Commission, as a Charitable Incorporated Organisation (CIO) on 9 April 2018. 

CIO - ASSOCIATION Registered 09 Apr 2018 

The Board of Trustees is responsible for the strategic direction and policy of the charity. The day to day running of the charity is delegated to paid staff and volunteers. 

## **ACHIEVEMENTS AND PERFORMANCE IN THE YEAR** 

The Playgroup were active during the period although the toddler sessions were restricted and to improve our sustainability we decided to reduce the scheduled hours to concentrate on the morning sessions. This was partly due to the capacity constraints within the area of the school building that we rented. 

## **PLANS FOR FUTURE PERIODS** 

We are moving into a new purpose built school section that it designed especially for the age group. This will be a major step forward in terms of facilities, space and amenity. However, this will incur increased rent which will be offset by increased capacity and consequent income. 

## **FINANCIAL REVIEW** 

CPGs' policy on reserves is to hold sufficient resources to continue the charitable activities of the CPG should income and fundraising activities fall short. 

Any surplus funds which are not likely to be needed to pay for activities are placed on deposit to earn interest. 

We need to increase these unrestricted funds in order to meet any unforeseen expenditure that may occur, for example property repairs. 

Approved by the Trustees on January 2024 

Signed on its behalf 

Carl Pearce 

3 



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## **CARMEL PLAYGROUP AND TODDLERS** 

## **Statement of Financial Activities** 

||**Carmel Playgroup & Toddlers**|**Carmel Playgroup & Toddlers**|**Carmel Playgroup & Toddlers**|**Carmel Playgroup & Toddlers**||**CC16a**|
|---|---|---|---|---|---|---|
||||||||
||**Receipts andpayments accounts**||||||
||**For the period**<br>**from**||Period start date|**To**|Period end date||
||||01/09/2022||31/08/2023||
||||||||
|**Section A Receipts and payments**|||||||
||**Unrestricted**<br>**funds**||**Restricted**<br>**funds**|**Endowment**<br>**funds**|**Total funds**|**Last year**|
||**to the nearest**<br>**£**||**to the nearest £**|**to the nearest £**|**to the nearest £**|**to the nearest £**|
|**A1 Receipts**|||||||
|~~G~~rants|**41,188**|||**-**|**41,188**|**36,946**|
|Othergrants|||**12,750**||**12,750**||
||||**-**|**-**|**-**||
|~~F~~ees|**7,016**||**-**|**-**|**7,016**|**10,330**|
|~~I~~nterest|**43**||**-**|**-**|**43**|**1**|
|~~O~~ther in|**222**||**-**|**-**|**222**|**-                   1,861**|
||||||||
|**_Sub total_**_(Gross income for_<br>_AR)_|**48,469**||**12,750**|**-**|**61,219**|**45,416**|
||||||||
|**A2 Asset and investment sales,**<br>**(see table).**|||||||
||**-**||**-**|**-**|**-**||
||**-**||**-**|**-**|**-**|**-**|
|**_Sub total_**|**-**||**-**|**-**|**-**|**-**|
||||||||
|**_Total receipts_ **|**48,469**||**12,750**|**-**|**61,219**|**45,416**|
||||||||
|**A3 Payments**|||||||
|Staff Costs|**43,203**||**-**|**-**|**43,203**|**38,793**|
|Memberships|**35**||**-**|**-**|**35**|**35**|
|Rent|**945**||**-**|**-**|**945**|**1,352**|
|Expenses|**282**||**-**|**-**|**282**|**257**|
|Phone|**298**||**-**|**-**|**298**|**301**|
|Equipment|**405**||**-**|**-**|**405**|**3,851**|
|Insurance|**388**||**-**|**-**|**388**|**512**|
|Uniforms|**141**||**-**|**-**|**141**|**171**|
|Snacks|**981**||**-**|**-**|**981**|**1,061**|
|Software|**-**||**-**|**-**|**-**|**131**|
|Payroll|**480**||**-**|**-**|**480**|**360**|
|Accountancy|**438**||**-**|**-**|**438**|**438**|
|Bank Charges|**60**||**-**|**-**|**60**|**40**|
|Sundry|**634**||**12,510**||**13,144**|**1**|
|**_Sub total_ **|**48,290**||**12,510**|**-**|**60,800**|**47,303**|
||||||||
|**A4 Asset and investment**<br>**purchases, (see table)**|||||||
||**-**||**-**|**-**|**-**||
||**-**||**-**|**-**|**-**||
|**_Sub total_ **|**-**||**-**|**-**|**-**|**-**|
||||||||
|**_Totalpayments_ **|**48,290**||**12,510**|**-**|**60,800**|**47,303**|
||||||||
|**_Net of receipts/(payments)_**|**180**||**240**|**-**|**420**|**-               1,887**|
|**A5 Transfers between funds**|**-**||**-**|**-**|**-**|**-**|
|**A6 Cash funds lastyear end**|**23,514**||**-**|**-**|**23,514**|**24,508**|
|**_Cash funds thisyear end_**|**23,694**||**240**|**-**|**23,934**|**23,514**|
||||||||
||||||||
|**Section B Statement of assets and liabilities at the end of the period**|||||||
|**Categories**|**Details**|||**Unrestricted**<br>**funds**|**Restricted**<br>**funds**|**Endowment**<br>**funds**|
|||||**to nearest £**|**to nearest £**|**to nearest £**|
|**B1 Cash funds**|Cash Account|||**-**|**-**|**-**|
||Bank Current Account|||**17,669**|**240**|**-**|
||Treasurer Account|||**6,024**|**-**|**-**|
||**_Total cash funds_**|||**23,694**|**240**|**-**|
||(agree balances with receipts and payments<br>account(s))|||OK|OK|OK|



## **Section B Statement of assets and liabilities at the end of the period** 

||||||**Unrestricted**||**Restricted**||**Endowment**|
|---|---|---|---|---|---|---|---|---|---|
|||**Categories**|**Details**||**funds**||**funds**||**funds**|
||||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B1**|**Cash**|**funds**|Cash Account||**-**||**-**||**-**|
||||Bank Current Account||**17,669**||**240**||**-**|
||||Treasurer Account||**6,024**||**-**||**-**|
||||**_Total cash funds_**||**23,694**||**240**||**-**|
||||(agree balances with receipts and payments|||||||
||||account(s))||OK||OK||OK|



5 



**CARMEL PLAYGROUP AND TODDLERS** 

## **Notes forming part of the Financial Statements for the Year Ended 31st August 2023** 

## **1 ACCOUNTING POLICIES** 

## **Basis of Accounting** 

The Financial Statements have been prepared in accordance with the guidelines of the Charity Commission on a receipts and payments basis. 

## **2 FUNDS** 

## **Fund Accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

## **Unrestricted Funds** 

The Trustees have resolved that the financial reserves of the Charity should be reviewed on a regular basis and that adequate provision is made for unforeseen expenses whilst also being minded that reserves should not be held without valid reason. 

## **3 TRUSTEES** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 

## **4 RELATED PARTY TRANSACTIONS** 

There were no disclosable related party transactions during the year. 

## **5 EMPLOYEES** 

The average monthly number of employees during the year was: 

|**2023**|**2022**|
|---|---|
|Number|Number|
|4|4|



6