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2024-08-31-accounts

Trustees Report 2024

Portishead Pre School

Brampton Way, Portishead, North Somerset, BS20 6YN

Trustees:

Abigail Aldridge – Chair (appointed December 2023) Charlotte Cains (treasurer appointed September 2022) Sarah Farthing (appointed January 2021)

Chloe Bailey (secretary appointed September 2022) Caroline Millet (appointed October 2024)

Former Trustees:

Rebecca Rothon (appointed October 2023 resigned September 2024)

Rebecca Fuller – Chair (appointed 1.7.20 resigned December 2023)

Tim Oates – Treasurer (appointed 17.7.19 resigned September 2022)

Michelle Kerr (Appointed November 2020 resigned November 2022)

Hannah Harris – Chair (appointed 7.11.17 resigned 1.7.20)

Lucy Murdock – Secretary (appointed 16.11.15 resigned 5.11.20)

Donna King – Member (appointed 20.5.19 resigned 31.7.20.)

Sophie Luke – Member (appointed 20.5.19 resigned 31.7.20)

Kate Davies - Member (appointed 14.11.19 resigned 31.7.20)

Sarah Russell - Member (appointed 14.11.19 resigned 31.7.20)

Juliet Cartwright – Secretary (appointed November 2020 resigned September 2021)

Structure, governance and management

Description of the Charity's trusts

The Charity is governed by the Pre-School Learning Alliance Constitution 2011 and is constituted under those guidelines. The Committee is nominated, seconded and then voted on by members at the Annual General Meeting. With regards to Trustee recruitment, all parents are invited to become involved via newsletter, posters, email and social media.

The committee are given an induction pack outlining their responsibilities and duties as a committee member. Committee members complete a DBS and EY2 to check their suitability and criminal record. Committee members are given the opportunity to attend training where applicable. We also have Safeguarding Policies in place. All members have access to these and all our policies. We work with North Somerset Early Years Team and local network of early years' provision.

The charity completed the process of transferring to incorporation status. This was supported by Burroughs Day solicitors. This has resulted in the cessation of the charity (Portishead Playgroups 298053) and transfer of all assets and liabilities to the new incorporated entity (Portishead Pre-school 1180880), such that the unincorporated charity is no longer a going concern.

Objectives and Activities

Summary of the objects of the Charity

To provide a pre-school provision to children and families in the Portishead area subject to availability of places and according to our current Administration Policy and Ofsted registration and requirements.

Summary of the main activities undertaken for the public benefit in relation to these objects

Our main funding is through North Somerset Council. With this funding we aim to provide a nurturing, enabling and safe environment in which to learn.

At the time of collating this report, the charity employs thirteen members of staff. Ongoing training is provided to enable staff to educate the local children of the area.

Additional details of objectives and activities

Volunteers enable this provision to continue. The committee are the business managers of the charity; without their commitment and time the Pre-school would close. Parents and carers give their time to the Pre-school by assisting at the settings and at fundraising events. They are the support network.

Achievements and performance

Summary of the main achievements of the Charity during the year

As always, our Portishead preschool settings have been very busy. The Portishead preschool staff

always go above and beyond to give the children such a rich and exciting learning experience where children can thrive in all areas of development.

This academic year (2024 – 2025) we have 5 children with SEND needs that are all receiving funding. Our staff are amazing at supporting and enhancing these children’s development. The children have had visits from North Somerset Sendco’s and Speech and Language Therapist and Hearing Therapist.

This year back in the summer we continued to celebrate 60 years of pre school by bringing back the May Fair. This was a big thing before COVID. The May fair made £1016.07p this was a very successful event and well supported. One of our parents organised the selling of tea towels and made a small contribution to our charity pot.

One of our parents ran the Bristol half marathon and raised £410.00 for the preschool. The Preschool did their obstacle course and raised £826.00.

Preschool are at the moment making connections with in the local community to bring awareness of our lovely preschools and showing what we offer by doing story times in the library. We are also making connections with a community café and hoping to be doing story time here too. Our numbers are low currently and looking at ways of getting more families to use our settings.

We are also going to start stay and play sessions and charge families £5.00. Another fun way for new families to see what the preschools offer.

We are looking forward to our carol concert in December. Last year this was a good fund raiser and plan to sell teas, coffees, and sweets

Financial Review

Charity's policy on reserves

We have reserves to enable the charity to comply with lease requirements which state we would have to remove the Brampton building and make the ground ‘good’ should we close; cover redundancy; cover any unforeseen costs; and to repair the Brampton building.

Financial results for the year

The funds report a loss this year. The accounts show an annual fall of £13,180.

Further financial details

Income for the year was £197,777 We have reserves of £163,252. Some of this is allocated to the final payment for the property improvements on the Brampton site. This amount is included in the payables figure in the accounts. The remainder of these funds are held to ensure the longterm future of the charity. The charity holds investment funds of £18,481. Please see below for further

information on the registration of current investment funds. In the year £2,009 was made through all the fundraising events. Our reserve and fundraising allowed

us to continue to provide this provision for the community.

Registration of investment funds

The investment that the charity holds with M&G Investments is, at the date of these accounts, held in the name of the former charity ( Charity No. 298053). This investment is in the process of being registered in the name of Portishead Pre-School. The funds are held in a charity specific bond.

Approved by the Trustees and signed on their behalf by:

Charlotte Cains Treasurer

Date: 03/03/2024

Registered Company No. CE015725 Registered Charity No. 1180880

Portishead Pre-School

Annual Report and Financial Statements

For the Year Ended 31st August 2024

Page 1

Portishead Pre-School Registered Company No. CE015725 Contents for the Year Ended 31st August 2024

Page/s
Reference and Administrative Details 3
Statement of Trustees' responsibilities 4
Trustees Report 5-6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-13
Detailed Income and Expenditure account 14

Page 2

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE015725

Registered Charity number

1180880

Registered office

Brampton Way Portishead North Somerset BS20 6YN

Trustees

Abigail Aldridge – Chair (appointed December 2023) Charlotte Cains (treasurer, appointed September 2022) Sarah Farthing (appointed January 2021) Chloe Bailey (secretary, appointed September 2022) Rebecca Rothon (appointed October 2023)

Former Trustees

Tim Oates — Treasurer (appointed 17.7.19, resigned September 2022) Michelle Kerr (appointed November 2020, resigned November 2022) Rebecca Fuller — Chair (appointed 1.7.20, resigned November 2022) Hannah Harris– Chair (appointed 7.11.17 resigned 1.7.20) Lucy Murdock– Secretary (appointed 16.11.15 resigned 5.11.20) Donna King– Member (appointed 20.5.19 resigned 31.7.20.) Sophie Luke– Member (appointed 20.5.19 resigned 31.7.20) Kate Davies- Member (appointed 14.11.19 resigned 31.7.20) Sarah Russell- Member (appointed 14.11.19 resigned 31.7.20) Juliet Cartwright– Secretary (appointed November 2020 resigned September 2021)

Accountants

TaxAssist Accountants B7 Kestrel Court, Harbour Road, Portishead, North Somerset BS20 7AN

Independent Examiner

BW Business Accountants & Advisers Limited, Henleaze Business Centre, Harbury Road, Bristol BS9 4PN

Solicitors

Ince Metcalfes Combe House Combe Road Portishead BS20 6BJ

Page 3

Portishead Pre-School

Registered Company No. CE015725 For the Year Ended 31st August 2024

Statement of Trustees' Responsibilities

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (accounts and reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024 Trustees Report 2024

Structure, governance and management

The Charity is governed by the Pre-School Learning Alliance Constitution 2011 and is constituted under those guidelines. The Committee is nominated, seconded and then voted on by members at the Annual General Meeting. With regards to Trustee recruitment, all parents are invited to become involved via newsletter, posters, email and social media. The committee is given an induction pack outlining their responsibilities and duties as a committee member. Committee members complete a DBS and EY2 to check their suitability and criminal record. Committee members are given the opportunity to attend training where applicable. We also have Safeguarding Policies in place. All members have access to these and all our policies. We work with North Somerset Early Years Team and local network of early years' provision.

The charity completed the process of transferring to incorporation status. This was supported by Burroughs Day solicitors. This has resulted in the cessation of the charity (Portishead Playgroups 298053) and transfer of all assets and liabilities to the new incorporated entity (Portishead Pre-school 1180880), such that the unincorporated charity is no longer a going concern.

Objectives and Activities

Summary of the objects of the Charity

To provide a pre-school provision to children and families in the Portishead area subject to availability of places and according to our current Administration Policy and Ofsted registration and requirements.

Summary of the main activities undertaken for the public benefit in relation to these objects

Our main funding is through North Somerset Council. With this funding we aim to provide a nurturing, enabling and safe environment in which to learn.

At the time of collating this report, the charity employs thirteen members of staff. Ongoing training is provided to enable staff to educate the local children of the area.

Additional details of objectives and activities

Volunteers enable this provision to continue. The committee are the business managers of the charity; without their commitment and time the Pre-school would close. Parents and carers give their time to the Pre-school by assisting at the settings and at fundraising events. They are the support network.

Achievements and performance

Summary of the main achievements of the Charity during the year

As always, our Portishead preschool settings have been very busy. The Portishead preschool staff always go above and beyond to give the children such a rich and exciting learning experience where children can thrive in all areas of development. This academic year we have 5 children with SEND needs that are all receiving funding. Our staff are amazing at supporting these children in their development. The children have had visits from North Somerset Sendco’s and Speech and Language Therapist and Hearing Therapist.

This year back in the summer we continued to celebrate 60 years of pre school by bringing back the May Fair. This was a big thing before COVID. The May fair made £1016.07p this was a very successful event and well supported.

One of our parents organised the selling of tea towels and made a small contribution to our charity pot. One of our parents ran the Bristol half marathon and raised £410.00 for the preschool. The Preschool did their obstacle course and raised £826.00.

Preschools are at the moment making connections with in the local community to bring awareness of our lovely preschools and showing what we offer by doing story times in the library. We are also making connections with a community café and hoping to be doing story time here too. Our numbers are low currently and looking at ways of getting more families to use our settings. We are also going to start stay and play sessions and charge families £5.00. Another fun way for new families to see what the preschools offer.

We are looking forward to our carol concert in December. Last year this was a good fund raiser and plan to sell teas, coffees, and sweets.

Financial Review

Charity's policy on reserves

We have reserves to enable the charity to comply with lease requirements which state we would have to remove the Brampton building and make the ground ‘good’ should we close; cover redundancy; cover any unforeseen costs; and to repair the Brampton building.

Page 5

Portishead Pre-School

Registered Company No. CE015725

For the Year Ended 31st August 2024

Financial results for the year

The funds report a gain this year. The accounts show an annual gain of £52,101.

Further financial details

Income for the year was £283,979. We have reserves of £282,754. These funds are held to ensure the long-term future of the charity. The charity holds investment funds of £19,203. Please see below for further information on the registration of current investment funds. In the year, £4,409 was made through all the fundraising events. Our reserve and fundraising allowed us to continue to provide this provision for the community.

Registration of investment funds

The investment that the charity holds with M&G Investments is, at the date of these accounts, held in the name of the former charity (Charity No. 298053). This investment is in the process of being registered in the name of Portishead Pre-School. The funds are held in a charity specific bond.

Approved by the Trustees and signed on their behalf by:

Charlotte Cains Treasurer

11 Nov 2024

Date:

Page 6

Portishead Pre-School

Registered Company No. CE015725 For the Year Ended 31st August 2024

Notes
Incoming resources
Donations and legacies
Charitable activities
Other trading activities
Investment income
Total incoming resources
Resources expended
Charitable activities
Raising funds
Governance costs
Total resources expended
Net incoming resources for the year
Reserves brought forward
Total funds carried forward
Unrestricted
funds
2024
£
226,847
47,551
8,778
803
283,979
223,566
2,097
6,215
231,878
52,101
230,654
282,754
Unrestricted
funds
2023
£
146,532
47,063
3,563
619
197,777
202,382
1,226
7,349
210,957
-13,180
243,833
230,654

Page 7

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024

Notes
CURRENT ASSETS
Tangible Fixed Assets
1
Investments
2
Debtors
3
Cash at the bank and in hand
4
CREDITORS
Amount falling due within
one year
5
NET CURRENT ASSETS
NET ASSETS
RESERVES
Profit and loss account
TOTAL FUNDS
£
£
32,798
19,203
2,629
236,230
290,859
8,105
282,754
282,754
282,754
282,754
2024
£
£
51,208
18,481
1,782
163,252
234,723
4,069
230,654
230,654
230,654
230,654
2023
£
£
51,208
18,481
1,782
163,252
234,723
4,069
230,654
230,654
230,654
230,654
2023
230,654
230,654
230,654

For the year ended 31st August 2024, the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The Members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for:

(i) ensuring the company keeps accounting records which comply with Sections 386; and

(ii) preparing accounts which give a true and fair view if the state of affairs of the company as at the end

of the financial year, and its profit or loss for the financial year, in accordance with the requirements of

Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far is applicable to the company.

The accounts have been prepared in accordance with the Charities SORP (FRS102) and the Charities Act 2011.

Approved by the Trustees and signed on their behalf by:

11 Nov 2024

Date:

Charlotte Cains, Treasurer

The notes on page 9 onwards form part of these financial statements.

Page 8

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024

ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with items which are considered material to the company's financial statements.

Basis of preparation

The accounts have been prepared in accordance with the Charities SORP (FRS102) and in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts

Cash Flow statement

The charity has taken the exemption available in FRS102 not to prepare a cash flow statement.

Going concern

The accounts have been prepared on a Going Concern basis

Public benefit

The charity is a Public Benefit Entity

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured

Grants receivable

Grants are receivable when the charity has an entitlement to the funds and any conditions linked to the grants have been met

Deferred income

Deferred income represents amounts received for future periods and is released to Incoming resources

Page 9

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs can not be directly attributed to particular headings they are allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent and depreciation charges allocated on the portion of the assets use. Other support costs are allocated based on the spread of staff costs.

Raising funds

There are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and these costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

Governance costs

These include the costs attributed to the charities compliance with constitutional and statutory requirements including audit, strategic management and trustees meetings and reimbursed expenses

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income and capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable gains Act 1992 to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over the expected useful life as follows:

Freehold buildings - straight line method over 8 years

Investments

Listed investments are measured at market value at the balance sheet date. Changes in value are included in the Statement of Financial Activities.

Page 10

Cash at bank

Cash and cash equivalents, cash on hand and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price and are due from customers for services provided in the ordinary course of activities

Creditors

Short term creditors are measured at transaction price and are obligations to pay for good or services that have been acquired in the ordinary course of activities from suppliers

Pensions

Contributions to defined contribution plans are expenses in the period to which they relate

Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity.

Trustee expenses

No trustee expenses have been incurred

Key Management Personnel

The trustees are considered the key management personnel and received no remuneration for their work

Related party transactions

There have been no related party transactions

Restricted funds

There have been no restricted or designated funds received in the year

Staff numbers

There was one full time member of staff and an average of 12 part-time members of staff

Staff banding

No employee received employee benefits or more than £60,000

Page 11

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024

1 FIXED ASSETS
Cost
At 1 September 2023
Addition
Disposal
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
Eliminated on disposal
At 31 August 2024
Net Book Value
At 31 August 2024
At 1 September 2023
2 INVESTMENTS
Cost - M&G Investments
Increase (decrease) in Valuation
86,452
-
-8,250
Land and
buildings
1,168
-
-
Computer
equipment
1,168
-
-
Computer
equipment
78,202 1,168
35,634
9,775
-
778
385
-
45,409 1,163
32,793
50,818
5
390
Listed
investments
18,481
722
19,203

Page 12

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2022

3 DEBTORS
Trade Debtors
Prepayments
4 CASH AT BANK
Cash in hand
NatWest 99648024
NatWest 34002502
Co-op 6720272800
5 CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
Trade creditors
PAYE/NI
Pensions
Accruals
Wages payable
2024
£
1,413
1,216
2,629
-
-
-
236,230
236,230
2,899
-116
577
3,549
1,196
8,105
2023
£
554
1,228
1,782
-
-
-
163,252
163,252
250
12
571
3,236
0
4,069

6 CHARITIABLE STATUS

The company is a registered charity.

7 TAXATION

The directors are of the opinion that the company's present activities are exempt from corporation tax.

8 COMPANY STATUS

The Company is a Charitable incorporated organisation controlled by the Trustees

Page 13

Portishead Pre-School Registered Company No. CE015725 For the Year Ended 31st August 2024

2024 2023
INCOME £ £ £ £
Donations and legacies 226,847 146,532
Charitable activities
Pre-School Operations 47,551 47,063
Other trading activities
Fundraising events 4,409 2,009
Rental Income 2,010 1,170
Other trading income 2,360 384
Investment Income
Bank interest receivable 0 0
Other Income from Fixed Asset investment 802 619
Total Incoming Resources 283,978 197,777
EXPENDITURE
Raising funds
Fundraising cost 689 8
Other trading cost 1,408 1,218
2,097 1,226
Preschool operations
Rent 10,107 8,602
Rates and Water 1,489 1,071
Wages 172,506 160,970
Staff-Employers NI 4,304 3,975
Employers Pensions 3,062 2,594
Telephone and internet charges 5,323 2,927
Printing, postage and stationery 596 177
Repairs and Renewals 4,158 1,935
Staff training and welfare 1,425 980
Light and heat 3,547 5,303
Equipment expensed 4,714 1,167
Cleaning 1,088 948
Establishment costs 564 536
Land and Buildings - depreciation 10,161 11,196
223,044 202,381
Support costs Management
Advertising 395 0
Insurance 1,484 677
Subscriptions 69 148
Computer software 666 638
Sundry Expenses 127
2,741 1,463
Governance costs
Audit and Accountancy Fees 4,717 4,877
Listed investment revaluation -722 764
3,995 5,887
Total expenditure 231,877 210,957
Net Income (loss) 52,101 -13,180

Page 14

Issuer

TaxAssist Accountants

Document generated Mon, 11th Nov 2024 10:54:15 GMT

Document fingerprint b2cb0efabff80ecfddfcb20e0c7111da

Parties involved with this document

Document processed

Party + Fingerprint

Mon, 11th Nov 2024 11:11:50 GMT Mon, 11th Nov 2024 11:11:51 GMT

Ms Charlotte Cains - Signer (100b9630ea29319ae9dabc869456e4ca) Sergey Pimonov - Copied In (5a24aab002026605c2acf4c92ce6a67d)

Audit history log

Date

Action

Mon, 11th Nov 2024 10:54:15 GMT Mon, 11th Nov 2024 10:54:15 GMT Mon, 11th Nov 2024 10:54:15 GMT Mon, 11th Nov 2024 10:54:15 GMT Mon, 11th Nov 2024 10:54:15 GMT

Mon, 11th Nov 2024 10:54:25 GMT Mon, 11th Nov 2024 10:54:25 GMT Mon, 11th Nov 2024 10:54:25 GMT Mon, 11th Nov 2024 11:11:37 GMT Mon, 11th Nov 2024 11:11:50 GMT Mon, 11th Nov 2024 11:11:51 GMT Mon, 11th Nov 2024 11:11:51 GMT Mon, 11th Nov 2024 11:11:51 GMT Mon, 11th Nov 2024 11:11:51 GMT

Envelope generated with fingerprint 5c19f9f908e08297fae2faf47c009da218.133.63.166 Document generated with fingerprint b2cb0efabff80ecfddfcb20e0c7111da.18.133.63.166 Ms Charlotte Cains has been assigned to this envelope.18.133.63.166 Sergey Pimonov has been assigned to this envelope.18.133.63.166 Envelope has been set to automatically remind the active signer every 3 day(s).18.133.63.166

Envelope generated

Sent the envelope to Ms Charlotte Cains for signing Document emailed to party email18.175.199.255 Ms Charlotte Cains viewed the envelope82.34.83.76 Ms Charlotte Cains signed the envelope82.34.83.76 Sent the envelope to Sergey Pimonov for signing82.34.83.76 This envelope has been signed by all parties82.34.83.76 Document emailed to party email13.40.210.253 Ms Charlotte Cains viewed the envelope82.34.83.76

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Portishead Pre-School members of On accounts for the year 31 August 2024 Charity no 1180880 ended (if any) Set out on pages 1-2 (remember to include the page numbers of additional sheets)

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below) which gives me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 17 March 2025

Signed: M M Name: Glenda Hagger on behalf of Glenda Hagger Accountancy Services Ltd Relevant professional ICAEW; Chartered Accountant No. 8466257 qualification(s) or body (if any):

1

IER

Address: Toad House, Brockley Way,

Claverham,

North Somerset. BS49 4PA

Section B Disclosure

Only complete if the examiner needs to highlight 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 .

It has come to our attention that Fixed Asset Investments valued at £18,481, remain registered in the name of Portishead Playgroups, the previous unincorporated charity which has now ceased operations. We understand that the application to transfer these Fixed Asset Investments to the Company is still pending and that this matter will be rectified in due course.

2

IER