Charity registration number: 1196624
Little Angels Playgroup
Annual Report and Financial Statements
for the Year Ended 31 March 2023
Little Angels Playgroup
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
Little Angels Playgroup
Reference and Administrative Details
Trustees K Priest R F Macey S L Mayne Charity Registration Number 1196624 Principal Office St. Gabriels RC School Ringland Circle Newport NP19 9PQ Independent Examiner HSJ Accountants Ltd Severn House Hazell Drive Newport NP108FY
Page 1
Little Angels Playgroup
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
Objectives and activities
Objects and aims
The charity works for the public benefit having as its objects, the development and education of children aged 2 years and 4 months up to 4 years in Newport City and the surrounding areas by the provision of quality, accessible, sessional childcare.
The purpose of Little Angels is to prepare children for eventual school life in an educational, fun, caring and secure environment and continue to provide good quality childcare to children in and around the local area, regardless of race, gender, faith or additional needs.
The centre is mostly financed by the Newport Early Years funding for three and four year olds. 24 children attended Nursery in the morning, 11 of which attended for the whole day under the 30 hours Childcare Offer for Wales. Fee paying Playgroup for younger children, 2 years and 4 months, is offered in the afternoon. We offer the Childcare Scheme, allowing local working parents to access free childcare throughout the working day.
As Education Providers all staff received up to date training in all aspects, including Safeguarding, Paediatric First Aid etc plus completion of the new up to date Welsh Early Years Curriculum, all helping to enhance the childrens learning. All staff are local to Newport, one of which comes from the immediate area.
By staff supporting positive behaviours towards learning, the children have been able to have successful relationships with peers and adults.
Objectives, strategies and activities
A few Additional Learning Needs children have been identified this year. Outside agencies have been approached for assessments on these children and extra funding has been achieved for additional 1:1 support. This has enabled us to free up staff to concentrate on the children and excellent results have been achieved.
We have been especially recognised this year by the Education Advisory Service as having excellent indoor and outdoor facilities / resources, in line with the new Welsh Curriculum.
Through careful budgeting, we have been able to adapt the inside area and the physical outdoor environment has undergone a lot of changes to enable it to be inclusive to all the children that attend the setting (i.e. both the younger and older children, children with disabilities).
Due to grants received, we have been able to provide extra technology, I Pads etc for the children and it has really helped to improve their digital competence. We have been able to buy many new resources due to grants from the local city council. Due to limited indoor space, we had an outdoor classroom built which now enables the children to go outdoors and continue their learning, in all weather, in line with the curriculum.
We have built up good communication / relationships with parents, feeder schools and local communities, mostly through word of mouth and have received excellent feeback. We have greatly improved the link between home and nursery by providing bags of activity items for the children to keep, which allows parents to see and do some of the activities that take place in the setting.
We have been oversubscribed this year and have a waiting list of children wishing to attend.
Page 2
Little Angels Playgroup
Trustees' Report
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
All funds are held as unrestricted and there was a surplus in funds this year of £45,468.
Structure, governance and management
Nature of governing document
The Charity, registration number 1196624, is a charitable incorporated organisation and governed by its memorandum and articles of association. It received its charitable registration on the 17 November 2021.
Recruitment and appointment of trustees
The trustees are elected by the members at the Annual General Meeting. The trustees are reviewing the need to maintain a skills register to ensure required skills are represented.
Induction and training of trustees
New trustees are trained by the Centre Manager and the other trustees.
Organisational structure
The Trustees have the responsibility for running the Charity and for formulating the policies and procedures. The responsibility for the day to day activities is devolved to the Centre Manager who reports to the Trustees regularly.
Major risks and management of those risks
Going concern risk
The main source of funds is for Non Maintained Education and Childcare from the City Council. If this funding was withdrawn or we had a lot less children attending the setting, this would be the main financial risk but this is highly improbably as we are a much needed resourse in the area.
Page 3
Little Angels Playgroup
Trustees' Report
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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.
The annual report was approved by the trustees of the charity on 8 December 2023 and signed on its behalf by:
......................................... K Priest Trustee
Page 4
Little Angels Playgroup
Independent Examiner's Report to the trustees of Little Angels Playgroup
I report to the trustees on my examination of the accounts of Little Angels Playgroup for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of Little Angels Playgroup 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 Little Angels Playgroup's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of Little Angels Playgroup as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
...................................... Andrew Hill FCCA ACA DChA BFP
Severn House Hazell Drive Newport NP108FY
8 December 2023
Page 5
Little Angels Playgroup
Statement of Financial Activities for the Year Ended 31 March 2023
| Note Income and Endowments from: Charitable activities Investment income 3 Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds carried forward 14 |
Unrestricted funds £ 169,914 17 169,931 (124,463) (124,463) 45,468 45,468 45,468 |
Total 2023 £ 169,914 17 |
|---|---|---|
| 169,931 | ||
| (124,463) | ||
| (124,463) | ||
| 45,468 | ||
| 45,468 | ||
| 45,468 |
All of the charity's activities derive from continuing operations during the above period.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
Little Angels Playgroup
(Registration number: 1196624) Balance Sheet as at 31 March 2023
| Note Fixed assets Tangible assets 11 Current assets Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 14 |
2023 £ 6,253 41,185 (1,970) |
|---|---|
| 39,215 | |
| 45,468 | |
| 45,468 | |
| 45,468 |
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 8 December 2023 and signed on their behalf by:
......................................... K Priest Trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Little Angels Playgroup meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
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 cannot be directly attributed to particular headings they have been 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 asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 8
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
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 those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s 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 or 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
Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Furniture and fittings 25% reducing balance
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, 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.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 9
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
2 Income from charitable activities
| Donations Uk Governemnt Grants Core Services Total for 2023 3 Investment income Interest receivable and similar income; Interest receivable on bank deposits Total for 2023 4 Expenditure on charitable activities Core Childcare Services Staff costs Governance costs Total for 2023 |
Unrestricted funds General £ 36,013 2,500 131,401 169,914 Unrestricted funds General £ 17 17 Unrestricted funds General £ 22,083 94,231 8,149 124,463 |
Total funds £ 36,013 2,500 131,401 |
|---|---|---|
| 169,914 | ||
| Total funds £ 17 |
||
| 17 | ||
| Total funds £ 22,083 94,231 8,149 |
||
| 124,463 |
Page 10
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
5 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Legal fees Depreciation, amortisation and other similar costs Other governance costs Total for 2023 |
Unrestricted funds General £ 1,320 35 469 6,325 8,149 |
Total funds £ 1,320 35 469 6,325 |
|---|---|---|
| 8,149 |
6 Net incoming/outgoing resources
Net incoming/outgoing resources for the year include:
Depreciation of fixed assets
2023 £ 469
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
K Priest
K Priest received remuneration of £29,929 during the year.
R F Macey R F Macey received remuneration of £17,701 during the year.
S L Mayne
S L Mayne received remuneration of £10,398 during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 11
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
8 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |
|---|---|
| Staff costs during the year were: Wages and salaries Other staff costs |
2023 £ 92,764 1,467 |
| 94,231 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Childcare services No employee received emoluments of more than £60,000 during the year 9 Independent examiner's remuneration Examination of the financial statements |
2023 No 5 |
|---|---|
| 2023 £ 1,320 |
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 12
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
| 11 Tangible fixed assets Cost Additions At 31 March 2023 Depreciation Charge for the year At 31 March 2023 Net book value At 31 March 2023 12 Cash and cash equivalents Cash on hand Cash at bank 13 Creditors: amounts falling due within one year Accruals 14 Funds Unrestricted funds General Unrestricted general fund |
Incoming resources £ 169,930 |
Furniture and equipment £ 6,722 6,722 469 469 6,253 Resources expended £ (124,462) |
Furniture and equipment £ 6,722 6,722 469 469 6,253 Resources expended £ (124,462) |
Total £ 6,722 6,722 469 469 6,253 2023 £ 163 41,022 |
|
|---|---|---|---|---|---|
| 6,722 | |||||
| 469 | |||||
| 469 | |||||
| 6,253 | |||||
| Resources expended £ (124,462) |
|||||
| 41,185 | |||||
| 2023 £ 1,970 |
|||||
| Balance at 31 March 2023 £ 45,468 |
15 Analysis of net assets between funds
Page 13
Little Angels Playgroup
Notes to the Financial Statements for the Year Ended 31 March 2023
| Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 6,253 41,186 (1,971) 45,468 |
Total funds at 31 March 2023 £ 6,253 41,186 (1,971) |
|---|---|---|
| 45,468 |
Page 14
Little Angels Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Income and Endowments from: Charitable activities (analysed below) Investment income (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net income Reconciliation of funds Total funds carried forward |
Total 2023 £ 169,914 17 |
|---|---|
| 169,931 | |
| (124,463) | |
| (124,463) | |
| 45,468 | |
| 45,468 |
This page does not form part of the statutory financial statements. Page 15
Little Angels Playgroup
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Charitable activities Donations UK Government grants Core childcare services Investment income Interest on cash deposits Charitable activities Direct costs Wages and salaries Staff uniform Staff training Staff entertaining (allowable for tax) Rent Insurance Repairs and renewals Telephone and fax Computer software and maintenance costs Charitable donations Sundry expenses Independent examiner's fee Legal and professional fees Bank charges Depreciation of fixtures and fittings |
Total 2023 £ 36,013 2,500 131,401 |
|---|---|
| 169,914 | |
| 17 | |
| 17 | |
| (22,083) (92,764) (830) (54) (583) (2,600) (471) (2,163) (744) (253) (25) (64) (1,320) (35) (5) (469) |
|
| (124,463) |
This page does not form part of the statutory financial statements. Page 16
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Signature 1
Signed by Kelli Priest using authentication code Q2RMN0FFa3Y4fG42 at IP address 86.142.165.247, on 2023/12/08 13:17:31 Z.
Kelli Priest's e-mail address is: angelsnursery1970@hotmail.co.uk.