NURSERY RHYTrIES PLA YGROUP Regiitered Chgrlty 1180347 RLPOR T AND FINAIVCIAL STA TEMENTS PERJ ED.. 31 AUGUS 202 CONTENTS.. Page Legol andAdminis¢ra¢ive thforniafio Tpvs¢¢es' Annual Reporl Independen¢ E.Ydminer s Report Receipts 47nd Po)'MentsAccot S(oÉvRptenÉ ofA,Tsei.t undknoblliil
NURSERY RHYMES PLAYGROUP LEGAL ANDADMINISTR4 TIVE INFOKVA T10. STATUS Tl)e organisaiion (previously pn unregistered playgroup) WLS fonned and granied cbaritable status on 17 October 2018 Ich8rity number 11803471. The charity is gov¢tued by its ¢onstittLtion which was oPte{l on 5th September 2018. The charity is a Charitable [D¢01[ated Orgalli5ation. TRUSTEES The board mcmbers servin8 during the period and since the year end were AS follows.. T Williams- Chair VA Morgan- Treasurer KA Lewion- Secr¢tary (resi8ned 25.10.24) R Durl)am (resigrt¢d I1.01.241 C Wilton {appoittted I1.01.24) DG Richvc ds MA 13ountts LC Arnold D4y to dny ManAi¢ment 1.&1niie Jenkins - Mnager Melanie Powney- Manager PRINCIPAL ADDRESS Treharris Commiinity Centre PeOtt Street 1 reh47rris Mid (yl8inorgan CF46 SER Ir4DEPENDEPaT EXAMI.NER R l Knoyle ACA FCCA Bker Kntsyle A¢countAncy Limited Orbit Businc&8 Ccntre Rhydycar Busincss Park Merthyr Tydfil CF48 IDL BANKERS HSBC 50 Perntt Strect TrehaLYiS CF46 SET Pag¢ I
NURSERY KEtYMES PLAYGROUP TRUSTEES, ANNUAL REPOR T Th¢ trust¢es present tbeir annual report together with the financial statem¢nts of the eharity for the year ¢lld¢d 31° August 2024. Legal and 8dmiiiistrative infom)ation set out on page I Forn part of d)is report. AIMS OWECTIVES OF THK CHARITY Ses ai)d aim The Charity's objects are specifically to provide high quality affordabl¢ childcare that enhances the development, care and education of pre school cbtldru] Ati 8 S8f¢ aud stimulating enviroJMnenL wh¢re they cart lellrll through play in partll¢rship with parentlcaTers. The chtirity aim5 to offer a ¢hild centred environment to m¢¢1 t]ie 50CIAI. pliysical, intellech]al, creative And emotional necds of each cbild and to encourage parenrslcaiers io w)dersthnd and provide for (he needs of therr children. The charity is fully committed to the activ¢ promolion of equality and illclusiou and put childr¢ll'5 rights at th¢ centr¢ tsf ev¢rything we do. HOW OUR ACTIVITIES DELIVER PUBLIC BEf4EFIT The Tnle¢S gr¢ aware that the Chariry lios • respollsibiliry und¢T the Chariti¢s A¢t lo dernonstrate that it l)as cliaritsbl¢ litns that meei the public beiief)t T¢quireilleni and are thercfore eharit8ble. The Tru$i¢¢s confirin that tl)ey hrtve had regard to the Chariry Conimi10'S gtiidance on public bei)efit and comply with S17 Charities Aet 2011 when considering, pluTuJing ajid impl¢men¢ing tlie a¢tivitie5 of ihe ¢harity. As Tnle¢s, wc believe that ti)¢ aims ofour or8anisatioD are charitabl¢ atMI for the publi¢ benefit. ACHIEVF.MENTS AND PERFORMA Tr4CE The Charity 1$ CIW (Car¢ InSp¢Crate W81¢8) r¢8iStered, and th¢ latest insp¢ction Tcport can b¢ seen on CIW websit¢. Tlie 5eitin8 1$ regi$iered to provid¢ the Welsli Government's FIyLng Start initiativ¢ 8nd tbe Childcar¢ Offer For Wales. The Welsli Governments curriculurn for funded non-maintsined nursery 5¢ttin8S Continues to be iinpleinenied tliig year. Tlie &7roiip look Pr2rt in a pilot tran51tior. trnnsformation programme and ststTwere 4Lsked to collaborate with the local nursery S¢101 and trnin other seltin8s withill their area clusler. Phftse tlir¢e of Ihe HeAlihy Su518inable Preschool schenK WEL8 achi¢ved this y¢ar. Achlevementg Include: High Sheriff of Mid Glamorgan Award Award for R¢¢ogJiition of contribiition lo children with additional needs Award for Commitment to working with th¢ local commiinity. Gold Award for Design-It-Smilc initiative Pl)Ase onc, two and three of the Hcalthy SStaIn9b1e Preschool Sch¢me Green award for Ihe Amb¢r/Greeo lDclu5ion Scbeme Commitin¢iit to Continiiou$ Professiottal D¢v¢lopment of Staff FIf+lANCIAL REVIEW Th¢ charity has hiGd difficult yEar with funditig rethicing from £150,704 in 2023 to £133,179 in 2024. Expenditur¢ liowever has only fallet] by £2.673 to £146,044 in 2024. The main source of fundiiig being F¢e5 receiv¢d. The charity also rec¢iYed £4.177 from fvndr8ising and dotiation5. It is the aim of the charity lo continually source additignal fundin8. A5 a Tesult of the diificult year. a cash deficit of £12,865 was Jllade in the y¢ar. It 15 the aim of th¢ charity through ¢are.l bustne&s management and budgeting by the trustees tbroughout th¢ forthcomittg year, to continue to be able th maintain, and in the future, to build up again, reserves of tlie organisation. Pag¢ 2
NURSERY RHYMES PLAYGROUP es Poli Upon reviewing tILe reseTves policy. tbe ttlLSt¢¢s decided to lltailltain a fillAllciLI rescrwe, apptoximat¢ly equivgLl¢nt lo the noimal, predictable ouigoillgs Tn three month5. In 2024 that is approxiIiiately £36,510. Tlie charity ¢urrently lias free reserves slightly below this, being £35,885. The reserves policy does also however, have a ¢avea¢, that if a pressing financial De¢d ariscs within the cliarity, and the charity l)as rf)e ability to m¢et tbis out of the resetve, thell tbi5 should be don¢, in accordwice witb the aims and objwtiv¢s of the charity. STRUCTURE, GOVERNANCE LYD MANAGEMENT Governi ment Nursery Rhymes Playgroup is an incorporated chArily with the regislcr¢d charity number 1180347. The charity is govern¢d by their constityiioD gnd registered io Ellgland & Wales. atti The rncthod of appointsnent of trustees is sei out in the constiwtion dated 17th July 2018. There are currcntiy seveft trust¢C5 inyolyed in the organisalion. Se¢ pA8¢ I for details. Egorilltment a oin New New Trust¢¢s must be int¢rvi¢wcd by tlie current Board of Tnre¢s. aud if appointed are infornied of their l¢g41 obligBtiviis ui)d¢r chariry law, the decisiott-mftking proces$ aiid business plan and recent financial perforn)an¢e of ihe cli%Lrily. The clwtty aitlls to T¢¢nii; people who ¢8n oifer a rAllg¢ of skills for exainple personi)el, trainii)g, rinan¢¢ ¢t¢. PLANS FOR FLTURE PERIODS We are continually investigating Potenlial new sources of income. We are also continually tying to identify nny new scrvi¢es, ¢onsisicni wilh tlie primary purpose of th¢ chariry thai niay be of beiiefii to th¢ piiblic in the Coiinty Botough of Menhyr lydfil 4tyea. 1.1115 report hag been prephred in iccordthncc with th¢ Statement of Recommended Praeti¢e - Accoulltin¥ attd Reponing by Ch111¢$ (issued io January 2015). Sign¢d on behaifof the board.. T Willianis - Trustee Dated.. Page 3
tNDEPENDENT EXAMIryF.R'S REPORT TO THE TRUSTEES OF IIiSER Y RHYIVIES PLA YGROUP Independent exAminer's report to the trnstees of Nursery Rhymes Playgroup I report to the charity trt¢¢8 on my exa)natiOn of the account5 of NLrsery Rhymes Playgroup for the y&ir ended 31 August 2024. Re$ponsibilities and basil of reporl As tho charity trustees you Hr¢ respoJLsible for th¢ preparation of the accounts in accordance with th¢ requirements of the Charities Act 2011 {'the Ace). I report in respect of my examillation of the ChJTity'5 accounts ¢grried out under section 145 of the A¢t and in carrying out my examination I h&ve followed all appli¢8ble Direction5 given by the Charity commi10 under s¢¢tion 145(5)(b) of th¢ A¢1. Indep¢Md¢nt examlner'y Statement I htkve ¢oinpleicd my exarDin8tioll. I confimi that no malerial matters have come to my attention in eotwection with tho ¢xaniination giving me cAuse to believe thai in #ny material respect.. a¢¢ounting records W¢T¢ not kept in respe¢t of the Charity as r¢quired by section 130 of the Act: or tlie accounts do nr)i #¢¢ord with those re¢ords' or the accoun do llot comply with the Applicable requirements concerning th¢ form and conient of gccoiints set out in the Charities (Accounts and Reports) Rcgulaiiolls 2008 other than Any requirement 1hal th¢ countS give ITue und fnir view which is not a matter considered as part of an independ¢ni ¢xamiiiation. I h&v¢ no concems and have ¢omc across t)0 oth¢r ma¢ters in cotlDection with the examination to which attention sliould be drawli in thi5 report in order enable ¥t prop¢ruDderstandin8 of th¢ occounts to be reached. R.1. KNO ACA FCC Bak¢r Kno Accountancy Limited Charier¢d Accountsnts Orl)it Bu5ine5s Celltre Merthyr Tydfil CI.'48 IDL Date.. 10/03125 Page 4
NURSERY RHYMES PLAYGROUP Charity NuD]ber: 1180347 Rec¢ipts and Payments Account for the year ¢lld¢d 315t August 2024 UDrestri¢ted Restrleted Funds Totsl$ 2024 Totsl• 2023 Re¢e5pts Fees rec¢ived Bank Iiiierest received Oth¢r HMRC SSP Grdni HMRC JRS Grant Cymryd Rhan (iran¢ MTCBC Cov¢T for Trailling Grant MTCBC Covid Capital Small Grant S¢b¢m¢ MTCBC Child Dtvelopmcnt Gratti M"fcBC Fos y Fratt Small Grani VANrf Wcllb¢.'ng Gtallt M'I'CIIC Children SeNices MTCBC Early Years ALN Fi[alSing Donations 126,422 521 126.422 521 145,671 258 150 1204 150 1,204 2,112 300 305 305 4,177 4,177 2,344 I'Dt41 R¢¢elpts 131.120 2,059 133,179 150,704 P8yments Wages Trorjd & Resoiirces Equipment Reni Adminisiraliott & Other co$ts 127,030 3.437 262 8.056 52 1304 550 305 128,234 3,987 567 8,056 5,200 128,185 2,670 992 11,752 Totsl l'4yments 143.985 2.059 146,044 148.717 Net of Ro¢elpt¥ 12,8651 112,865} 1,987 Trgnsfer$ b¢tween funds Cash fund$ br(buksht fonYArd Cush fundj Ihli perlod ond 48,750 35,885 48,75 35,885 46,763 4E,750 Page 5
NURSERY RHYMES PLAYGROUP Charity liumber: 1180347 Statement of Assets and Liabilities for the year ended 318t August 2024 Lllr¢$tricted Funds Rertrlcted Funds Tot•l$ 2024 Tots15 202J CAih Funds C&%h at bank CRsh in l)and 34,938 947 34.938 947 48,616 134 Total CAsh Funds 35.8115 35,¥1$5 48,750 Other mortetary IlS5ets Oil)cr debtors 2.552 2,552 630 Total monetAry assets 2J52 2,552 630 Llat)Illtlei A¢cruals Qiher creditots 936 7,150 ¥.0116 936 7,150 8,086 9.16 3,684 4,62n T Willlainy - Trustee & ChAir Dated: Page 6