REGISTERED CHARITY NUMBER: 1190798
WIRKSWORTH PRE-SCHOOL PLAYGROUP
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
WIRKSWORTH PRE-SCHOOL PLAYGROUP
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
CONTENTS
| Legal and administrative details | 1 |
|---|---|
| Report of the trustees | 2 - 3 |
| Independent Examiners Report | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 - 9 |
WIRKSWORTH PRE-SCHOOL PLAYGROUP
LEGAL AND ADMINISTRATIVE DETAILS
Principal address
Cemetery Lane Wirksworth Derbyshire DE44FZ
Trustees Mrs S Hockenhull Mrs S Johnston Mrs H Elliff Mrs H Robinson Mrs S Mitchell Bankers Natwest 1 Water Lane Bakewell Derbyshire DE45 1YY Independent Examiner Stopfords (Mansfield) Limited Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year to 31 August 2022. 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
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
The previous financal year had been very unsettled due to the Coronavirus. In September 2021 there was uncertainty again for the coming winter and the possibility of another lockdown. Through the vigilance and hard work of the staff, pre-school remained open and unaffected though measures remained in place to keep everyone as safe as possible. Parent drop off and collection outside the setting continued as it had been noticed that the children were settling better when parents didn't enter the building. The setting manager took maternity leave from February 2022, current staff took on the extra responsibilities and it was decided that a temporary replacement wasn't needed, the extra hours were distributed amongst the current staff.
The condition of the building was deteriorating, extensive repairs were carried out on the outside of the building with the whole of the inside and outside being repainted over the summer holidays.
In April of the financial year, it was decided that the setting would accept 2 year olds, this would increase income and broaden our customer base. After restricted fundraising in the previous year, we successfully ran a Christmas Fair, Bingo Night and Summer Fair.
Pre-schools social media activity was reviewed and it was decided between the staff and trustees that an Instagram account would be created to keep up with current trends and technology, this would allow parents to view activities in the setting.
FINANCIAL REVIEW
The financial results of the Pre-School Playgroup can be found on pages 5 and 6 of the financial statements.
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 (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
FUTURE PLANS
The plan to improve the settings communications are ongoing. The aim is to integrate the emails and bring the computer systems more up to date. It will include a new email system and computer database with improved features to help with day to day running and organisation.
The task of replacing the current boiler is also ongoing, the trustees have researched alternatives but more advice is needed and all options need to be explored before a decision is made on the most economical solution.
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.
Trustees of the charity
The trustees of the charity who have served during the year and since the year end were as follows:
Mrs S Hockenhull Mrs S Johnston Mrs H Elliff Mrs H Robinson Mrs S Mitchell
Approved by the board and signed on its behalf by:
Mrs S Mitchell - Trustee
Date:
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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 year to 31 August 2022.
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
-
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.
Mr Phillip Nicholson Stopfords (Mansfield) Limited Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
Date:
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Childcare NET INCOME/(EXPENDITURE) Transfers between funds Net income/(expenditure) after transfers Balances brought forward at 1 September 2021 Balances carried forward at 31 August 2022 |
Unrestricted fund Restricted funds Total funds Total funds 2022 2022 2022 2021 £ £ £ £ 85,167 216 85,383 25,458 1,169 17 1,186 204 29 - 29 9 |
|---|---|
| 86,364 233 86,598 25,671 |
|
| 89,632 975 90,606 33,314 |
|
| (3,267) (742) (4,009) (7,643) (3,267) (742) (4,009) (7,643) 109,046 874 109,920 117,563 105,779 133 105,911 109,920 |
The notes form part of these financial statements
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand 8 CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Total funds 2022 £ 35,842 4,717 67,138 71,854 1,785 70,069 105,911 105,779 133 105,911 |
Total funds 2021 £ 35,842 4,656 71,434 |
|---|---|---|
| 76,090 | ||
| 2,012 | ||
| 74,078 | ||
| 109,920 | ||
| 109,046 874 |
||
| 109,920 |
The financial statements were approved by the Board of Trustees and signed on its behalf by:
Mrs H Robinson - Trustee
Mrs S Mitchell - Trustee
Date:
The notes form part of these financial statements
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
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
| Bags 2 School Fundraising Compensation 3. INVESTMENT INCOME Deposit account interest |
2022 £ 98 1,088 1,186 2022 £ 29 29 |
2021 £ 84 20 100 |
|---|---|---|
| 204 | ||
| 2021 £ 9 |
||
| 9 |
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
4. TRUSTEES' REMUNERATION AND BENEFITS
| Trustees' salaries Trustees' expenses There were no trustees' expenses paid for the year ended 31 August 2022. |
2022 £ 9,809 9,809 |
2021 £ 4,403 |
|---|---|---|
| 4,403 | ||
5. STAFF COSTS
The average monthly number of employees during the period was: No employees received emoluments in excess of £60,000.
6. TANGIBLE FIXED ASSETS
| Cost At 1 September 2021 Additions Eliminated on disposal At 31 August 2022 Depreciation At 1 September 2021 Charge for the year Eliminated on disposal At 31 August 2022 Net book value At 31 August 2022 At 31 August 2021 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 8. CASH AT BANK AND IN HAND Current account Reserve account Cash |
Freehold Property £ 35,842 - 35,842 - - - - 35,842 35,842 2022 £ 71 4,031 615 4,717 2022 £ 7,079 60,030 29 67,138 |
Total £ 35,842 - - - |
|---|---|---|
| 35,842 | ||
| - - - - |
||
| - | ||
| 35,842 | ||
| 35,842 | ||
| 2021 £ 4,075 581 |
||
| 4,656 | ||
| 2021 £ 11,426 60,002 6 |
||
| 71,434 |
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors |
2022 £ 685 1,100 1,785 |
2021 £ 550 1,462 |
|---|---|---|
| 2,012 |
10. ANALYSIS OF CHARITY FUNDS
| Unrestricted funds General fund Restricted funds WRFU - Milk P Slack - Technology Committee Restriction - Easy Fundraising |
2021 Income Expenditure Transfers 2022 £ £ £ £ £ 109,046 86,364 89,632 - - 105,779 62 216 169 - - 109 65 65 - - 747 17 741 - 23 |
|---|---|
| 874 233 975 - - 133 |
|
| 109,920 86,598 90,606 - - 105,911 |
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Restricted Funds Unrestricted Funds Total funds at 31 August 2022 |
Tangible Fixed Assets Net Current Assets Total £ £ £ 133 133 35,842 69,937 105,779 |
|---|---|
| 35,842 70,069 105,911 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 August 2022.
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WIRKSWORTH PRE-SCHOOL PLAYGROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 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 Insurance 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 Fundraising expenses Subscriptions Support costs Finance Bank charges Governance costs Professional fees Total resources expended Net expenditure |
2022 £ 70,036 15,131 216 85,383 98 17 1,071 1,186 29 86,598 9,809 60,427 714 2,555 585 640 423 5,510 97 587 310 823 1,422 3,960 169 147 638 88,816 214 1,576 90,605 (4,008) |
2021 £ 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) |
This page does not form part of the statutory financial statements
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