REGISTERED CHARITY NUMBER: 1190798
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE PERIOD 12 AUGUST 2020 TO 31 AUGUST 2021
FOR
WIRKSWORTH PRE-SCHOOL PLAYGROUP
The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
WIRKSWORTH PRE-SCHOOL PLAYGROUP
CONTENTS OF THE FINANCIAL STATEMENTS For The Period 12 August 2020 to 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
WIRKSWORTH PRE-SCHOOL PLAYGROUP
REPORT OF THE TRUSTEES For The Period 12 August 2020 to 31 August 2021
The trustees present their report with the financial statements of the charity for the period 12 August 2020 to 31 August 2021. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
Aims
The aims of the Pre-school, in line with the Early Years Alliance model constitution, are to enhance the development and education of children primarily under statutory school age by encouraging parents and carers to understand and provide for the needs of their children through community groups and by:
(a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
(b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
(c) instigating and adhering to and furthering the aims and objectives of the Pre-school Learning Alliance (now Early Years Alliance)
Public benefit
Wirksworth Pre-School Playgroup provides quality care and education for children under statutory school age. Each year the cost of Pre-school sessions is reviewed by the Pre-school Manager and Committee to ensure that the sessions are affordable for a wide range of family/carer budgets. As our Pre-school is registered with Derbyshire County Council as a key childcare provider for the area, parents and carers are also able to make use of government funded hours.
Wirksworth Pre-School Playgroup is a valued, community-focused organisation where the staff work hard to ensure children of all backgrounds are welcomed and given the opportunity to thrive in a caring and nurturing environment.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Given the successful completion of becoming a CIO, there remained 4 months to the end of the financial year. The staff at pre-school have done an amazing job providing a safe and stable place for the young children and the community of Wirksworth during times that have still seen uncertainty regarding the pandemic. Covid cases have been minimal thanks to the diligence of the staff and their commitment to the safe measures put in place. The surface outside surrounding the building had deteriorated and was becoming an issue especially in winter. During the summer holidays the area was resurfaced and is now much more appealing and provides a smooth usable area for outdoor play and activities.
FINANCIAL REVIEW
Reserves policy
It is the policy of Wirksworth Pre-School Playgroup to retain a minimum of 3 months fixed cost as reserves. At current cost levels this is calculated to be in the region of £20,000. Therefore, cash reserves are maintained at a minimum of £20,000 in a separate business reserve account to ensure the Pre-school has the capacity to honour contracts and other cost commitments in the event of any interruption or delay to income.
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
REPORT OF THE TRUSTEES For The Period 12 August 2020 to 31 August 2021
FUTURE PLANS
There continues to be a review of the settings communications, it has been suggested that a new system is introduced. This is within the plans to bring the Pre-school up to date with digital systems and benefiting from new technology that is available. It will include a new email system and computer database with improved features to help with the day to day running and organisation. There are still some concerns regarding the boiler and heating system within the setting. The possibility of a new boiler or heating system has to be considered so that we can provide a reliable service to the community without the uncertainty of having to close due to heating issues. This will be a major task and research will need to be carried out, into the most effective and affordable option for pre-school. Having no access to gas and the increase in oil prices, the committee will look into more environmentally and cost-effective solutions. Fundraising and grant applications will also be applied for to contribute to the cost.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
Wirksworth Pre-School Playgroup follows a model constitution provided by the Early Years Alliance. As per this governing document, the Pre-school has a Committee who meet regularly throughout the year and also hold an AGM at which new Committee members (Trustees) are elected. Parents and carers of children at Pre-school are invited to attend the AGM and asked to consider if they would like to join Pre-School as a Committee member. If additional skills are required, Pre-school also advertises more widely and welcomes interest from across the community. At the AGM, both the chair and treasurer stood down and the positions were filled by current committee members.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190798
Principal address
Cemetery Lane Wirksworth Derbyshire DE4 4FZ
Trustees
Mrs S Johnston Mrs H Elliff Mrs H Robinson Mrs S Mitchell Ms A Fussel Ms J Appleby
Independent Examiner
The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
Approved by order of the board of trustees on 29 June 2022 and signed on its behalf by:
Mrs S Mitchell - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WIRKSWORTH PRE-SCHOOL PLAYGROUP
Independent examiner's report to the trustees of Wirksworth Pre-School Playgroup
I report to the charity trustees on my examination of the accounts of Wirksworth Pre-School Playgroup (the Trust) for the period 12 August 2020 to 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do 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.
MATTHEW THOMAS The Rees Partnership Bentley Bridge House Chesterfield Road Matlock Derbyshire DE4 5LE
29 June 2022
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITIES For The Period 12 August 2020 to 31 August 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,284 Other trading activities 2 184 Investment income 3 9 Total 25,477 EXPENDITURE ON Charitable activities Childcare 33,164 NET INCOME/(EXPENDITURE) (7,687) RECONCILIATION OF FUNDS Total funds brought forward 116,733 TOTAL FUNDS CARRIED FORWARD 109,046 |
Restricted funds £ 174 20 - 194 150 44 830 874 |
Total funds £ 25,458 204 9 25,671 33,314 (7,643) 117,563 109,920 |
|---|---|---|
The notes form part of these financial statements
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
BALANCE SHEET 31 August 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 35,842 CURRENT ASSETS Debtors 7 4,656 Cash at bank and in hand 70,560 75,216 CREDITORS Amounts falling due within one year 8 (2,012) NET CURRENT ASSETS 73,204 TOTAL ASSETS LESS CURRENT LIABILITIES 109,046 NET ASSETS 109,046 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 874 874 - 874 874 874 |
Total funds £ 35,842 4,656 71,434 76,090 (2,012) 74,078 109,920 109,920 109,046 874 109,920 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2022 and were signed on its behalf by:
H Robinson - Trustee
S Mitchell - Trustee
The notes form part of these financial statements
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS For The Period 12 August 2020 to 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |
|---|---|
| Bags 2 School Easy fundraising Compensation |
£ 84 20 100 |
| 204 |
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 12 August 2020 to 31 August 2021
| 3. INVESTMENT INCOME Deposit account interest 4. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' expenses There were no trustees' expenses paid for the period ended 31 August 2021. 5. STAFF COSTS The average monthly number of employees during the period was as follows: Employees No employees received emoluments in excess of £60,000. 6. TANGIBLE FIXED ASSETS COST Additions NET BOOK VALUE At 31 August 2021 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments |
|
|---|---|
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 12 August 2020 to 31 August 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| Trade creditors Other creditors |
£ 550 1,462 |
| 2,012 |
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds WRFU - Milk P Slack - Technology Committee Restriction - Easy Fundraising TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds WRFU - Milk Committee Restriction - Easy Fundraising TOTAL FUNDS |
At 12/8/20 £ 116,733 38 65 727 830 117,563 Incoming resources £ 25,477 174 20 194 25,671 |
Net movement At in funds 31/8/21 £ £ (7,687) 109,046 24 62 - 65 20 747 44 874 (7,643) 109,920 Resources Movement expended in funds £ £ (33,164) (7,687) (150) 24 - 20 (150) 44 (33,314) (7,643) |
|---|---|---|
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued For The Period 12 August 2020 to 31 August 2021
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 August 2021.
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Period 12 August 2020 to 31 August 2021
| INCOME AND ENDOWMENTS Donations and legacies Derbyshire County Council Fees and subscriptions Welfare fund reimbursement Other trading activities Bags 2 School Easy fundraising Compensation Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Staff costs Water Light and heat Telephone Postage and stationery Repairs and maintenance Cleaning and sundry expenses Staff training DBS checks Ofsted and Pre-School Alliance Refreshments and consumables Equipment Milk Support costs Finance Bank charges Governance costs Professional fees Total resources expended Net expenditure |
£ 22,566 2,718 174 25,458 84 20 100 204 9 25,671 4,403 25,554 73 212 346 190 595 121 262 26 260 358 233 150 32,783 29 502 33,314 (7,643) |
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This page does not form part of the statutory financial statements
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