2023-08-31-accounts

REGISTERED CHARITY NUMBER: 1190798

WIRKSWORTH PRE-SCHOOL PLAYGROUP

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

WIRKSWORTH PRE-SCHOOL PLAYGROUP

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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

Trustees

Bankers

Independent Examiner

Cemetery Lane Wirksworth Derbyshire DE44FZ

Mr M J Burns Mrs S Johnston Mrs H Elliff Mrs H Robinson Mrs S Mitchell

Natwest 1 Water Lane Bakewell Derbyshire DE45 1YY

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 2023

The trustees present their report with the financial statements of the charity for the year to 31 August 2023. 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 year ahead began with many changes afoot. It has been a busy year of new beginnings. As we returned from the summer holidays, the manager, who was on maternity leave at the time handed her notice in. After advertising the post, a local childminder was appointed as the new manager of the setting and started the new position in November. In October, our administrator handed her notice in and left in November. After interviews had taken place, we offered the position to a local person and they started in January. Both employees have settled in well and risen to the many challenges that have presented themselves throughout the year. The other staff at the setting have done an amazing job dealing with the changes and gaps in positions.

During our previous year, we had a delay in the accounts and as a result, the AGM. The charity specialist that worked at our accountants left the company and they had no replacement at the time. We took the opportunity for a fresh start and appointed our new accountants. They have proven to be reliable and communication is consistent. They delivered the previous accounts in a timely manner and have produced the current accounts quickly so we are able to move our AGM back to its original month precovid.

In April, we saw the increase in the minimum wage by 9.7%. We wanted to continue to increase everyone’s wages annually but understandably this has taken its toll on Pre-schools finances.

In May we received the phone call that everyone had been waiting for, from Ofsted. Previously, the staff had been working hard to prepare the setting for an inspection knowing that we would be receiving one soon. They did a remarkable job as we retained our ‘good’ status.

Lastly, after lots of issues with the bank that we were using at the time and extensive research, we made the decision to change our bank provider. This will hopefully provide a reliable and hassle-free service for Pre-school going forward.

FINANCIAL REVIEW

The financial results of the Pre-School Playgroup can be found on pages 5 and 6 of the financial statements.

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WIRKSWORTH PRE-SCHOOL PLAYGROUP

REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

FINANCIAL REVIEW (CONTINUED)

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.

FUTURE PLANS

More discussions have been made with regards to a new boiler for the setting. The committee plan to research any funding that could help with replacing it and helping with the substantial outlay. Given the financial situation of Pre-school from the last accounts, letters to local companies are planned to be sent out asking for donations to the charity. A budget will be constructed, and a profit and loss spreadsheet will be kept up to date to track the financial situation of pre-school. Discussions have been made as to how additional income can be raised. Some of these suggestions will be carried out in the next financial year.

The Contingency and business plan for the business needs to be reviewed and renewed within the coming year. With the rise in minimum wage and lack of funding this is seen as a priority.

Fundraising for the setting will continue throughout the year. We now have regular events in the diary such as Wizarding Day and Santa at the Christmas Market and hope to add more in the coming year.

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.

Trustees of the charity

The trustees of the charity who have served during the year and since the year end were as follows:

Mr M J Burns Mrs S Johnston Mrs H Elliff Mrs H Robinson Mrs S Mitchell

(Appointed 13 June 2023)

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 2023.

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:

1. 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

3. 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 2023

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 2022 Balances carried forward at 31 August 2023	Unrestricted fund Restricted funds Total funds Total funds 2023 2023 2023 2022 £ £ £ £ 94,728 202 94,930 85,833 1,181 1,181 736 532 - 532 29 96,441 202 96,643 86,598 102,113 229 102,342 90,606 (5,672) (28) (5,700) (4,009) (5,672) (28) (5,700) (4,009) 105,779 132 105,911 109,920 100,107 105 100,211 105,911

The notes form part of these financial statements

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WIRKSWORTH PRE-SCHOOL PLAYGROUP

STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2023

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 2023 £ 35,842 5,330 64,087 69,417 5,047 64,369 100,211 100,107 105 100,211	Total funds 2022 £ 35,842 4,717 67,138 71,854 1,785 70,069 105,911 105,779 132 105,911

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 2023

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 3. INVESTMENT INCOME Deposit account interest	2023 £ 74 1,106 1,181 2023 £ 532 532	2022 £ 98 638 736 2022 £ 29 29

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WIRKSWORTH PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

4. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' salaries Trustees' expenses There were no trustees' expenses paid for the year ended 31 August 2023. 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 2022 Additions Eliminated on disposal At 31 August 2023 Depreciation At 1 September 2022 Charge for the year Eliminated on disposal At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 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	2023 £ - - Freehold Property £ 35,842 - 35,842 - - - - 35,842 35,842 2023 £ 91 4,760 479 5,330 2023 £ 5,023 59,062 2 64,087	2022 £ 9,809 9,809 Total £ 35,842 - - - 35,842 - - - - - 35,842 35,842 2022 £ 71 4,031 615 4,717 2022 £ 7,079 60,030 29 67,138

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WIRKSWORTH PRE-SCHOOL PLAYGROUP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Other creditors	2023 £ 555 4,492 5,047	2022 £ 685 1,100 1,785

10. ANALYSIS OF CHARITY FUNDS

Unrestricted funds General fund Restricted funds WRFU - Milk P Slack - Technology Committee Restriction - Easy Fundraising	2022 Income Expenditure Transfers 2023 £ £ £ £ £ 105,779 96,441 (102,113) - 100,107 109 202 (229) - 82 - - 23 - 23 132 202 229 - - 105 105,911 96,643 102,342 - - 100,211

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Funds Unrestricted Funds Total funds at 31 August 2023	Tangible Fixed Assets Net Current Assets Total £ £ £ 105 105 35,842 64,265 100,107 35,842 64,369 100,211

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 August 2023.

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WIRKSWORTH PRE-SCHOOL PLAYGROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

INCOME AND ENDOWMENTS Donations and legacies Derbyshire County Council Fees and subscriptions Welfare fund reimbursement Donations Other trading activities Bags 2 School Easy fundraising Other fundraising 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	2023 £ 73,189 19,945 202 1,594 94,930 74 1,106 1,181 532 96,643 83,949 197 2,580 684 756 544 5,538 357 284 261 821 1,597 2,010 229 155 660 100,621 219 1,502 102,342 (5,700)	2022 £ 70,036 15,131 216 450 85,833 98 17 621 736 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 1,577 90,606 (4,009)

This page does not form part of the statutory financial statements

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