Charlty numbor. 1204755 Compton Playgroup CIO Unaudlted Trustees. roport and financlal stataments For tho porlod onded 29 February 2024 Compton Playgroup CIO Contenls Page Reforence and admlnlslrnllvo dgtalls of the charlty. Its trustees and advlsers Tru8tegs' rgport Slatomont of flnanclal acllvlllos Balanco 8hoOt Nol8s to Ihe Ilnanclal stslwnonts Compton Playgroup CIO Reference and admlnistrdtlve detslls of th• Charity. its tTuslges and advisers For the perlod ended 29 F•bruary 2024 Trust•es Paula Lochrie. Chair (appointed 1 No¥ember 2023) Anna Jane GIL￿, Secrelary (appointed 18 September 2023) Cassandra Louise Palmer Langham lappoinled 18 September 2023) Laur￿ Louise Norton, Treasurer lappoinle(J 18 September 20231 Chartty roglsterod numbér 1204755 Prlnclpal office The Childrerts Centre Burrell Road Compton Newbury RG20 6NP Page 1 Complon Playgroup CIO Trnste8s' roport For thg pgriod ended 29 February 2024 The Truslees present their anwal rep(Kt l(yJether wth the financ3d statements of the Charty for the period 18 September 2023 to 29 Febmary 2024. ObJO¢tlves and Actlvltles . Pollcles and oblectlves The objective of the charity is to provide lo children tmder the statu1￿Y school age leaming Ihrough play in an educational environment. Ajso lo enhance the development arKI educalion of chikJren by encouraging parents to un(lerstand and provide for the needs of treir chik1￿n through community groups. In setting the objectives aTrJ plannir¥J for actiwtwJ. Trustees have gi￿1 due consideration to general guKlance published ty the Chanty Commission relaliw to pu￿1¢ be￿fft. b. Actlvttlos for achlevlng objectlves The pre-sdlool is open 5 days a offering momiThJ, afterrM)on and all4ay sessloro to parents. The Autumn lemi is generalty our quiekn'sl but from the Spring temi OTr*vards most sessions are fully booked according lo staff ratios. Various furKlraisirwJ eNEnts are also held through the Jear lo generate addFlional funding. Achlevements and ￿rroM￿n¢• Flnanclal Tgvlow . Golng ¢on¢•m The Truslees have a ￿8$onable expectation that the Chanty ha$ adequate ￿$Ou￿e$ to conts'nue in operational existence for Ilk foreseeable future. For this reason, tw Contin￿ lo a¢Jopl the going concern basis in preparing the financial $talements. The Charty has been Iransfefred from an unin¢orw)raled charity from 1 March 2024. Further detalls regardlThJ Ite adopti(￿ of the goiTrJ concem basis can be found in Ihe accounting policies. structurn, govornonc• and management a. Constitutlon Compton Playgroup became a registered charity on 3 March 1933 knith the regislratK)n number 1031316. The PTincipal 0￿.ect of the charty is that of a pre-school. The Charity changed it's structure lo a Charitable Inc¢Nporaled Organisalion ICIOI nUM￿r 1204755 Nthich was registered on 18 September 2023 aTrJ remained dom￿nI to 29 February 2024. FurNls from the unincorporated V￿re transferred lo the CIO on 1 Mar¢h 2024. b. Method of appolntmont or ol•¢tlon of Twstees The management of Chanty ts the respon5ibilty of the Trustees are ebecled and co-opted under the terms of the Trust deed. Page 2 Compton Playgroup CIO Trusla6s' report (conllnued For the perlod ended 29 February 2024 c. Rl8k managomont The Trustees have a$s￿Sed ts major rBks lo vthich the Charity is exposed. in particular those related to the operations and finances of the Charity. and are salisffied that systems procedwes a￿ in place to miligale our exposure lo the major risks. This report bvds approved by the Tn￿tee8. ijn 21 and signed on ttelr behalf by.. P Lochrle Trustee Page 3 Complon Playgroup CIO Statement of flnanclal actlvltles For the perlod ended 29 Febnory 2024 ChaTIty unrnstrlctod funds 2024 Total funds 2024 Income Totsl Income Expenditure Totsl oxpondlture Ro¢onclllatlon ol funds: Net movement in funds lor the period The notes on page8 6 to 7 fomi part of these finandal slalements. Page 4 Cornpton Playgroup CIO Balance sheet As at 29 February 2024 2024 Not assots Charfty Funds Totsl lund• The fina￿la1 statements V￿re approved by the TnJsl8es on 21 102 and signed on t￿lT behalf. by.. L Norton Trust00 The notes on pages 6 to 7 form part of these financial slalements. Page 5 Compton Playgroup CIO Notss to the flnanclal ststements For the pèrlod •nd¢d 29 Fobruary 2024 Accountlng pollcles 1.1 Basls ol proparatlon of financlal statements The financial statements have been prepared lo give a 'lrue and fairf wew and have departed from the Charrt￿S (Accounts and Reports) Regulations 2008 only lo the extent required to provide a Irue and fairf view. This departure has invcAved fdlo*irvJ the Charitses SORP {FRS 1021 published on 16 Juty 2014 rather than the AccounliTrJ and Reporknng by Charities.. Statement of Recommended Practice effective from 1 April 2005 thich has since been wfjthdravm. The flnanclal statements have been pyepared uTrJer the historical cost convenlion wth ilerns recognised al ¢051 or transaction value untess othernise staled in the relevant notes lo these accounts. The finanual statements have been wepared in accordance bmth the Statement of Recommended Practice.. AccountirvJ aThJ Reporling ty Charit￿S preparing their accounts in accordance vllh the Finanryal Reporting Standard apFlicable in Ihe UK and Republic of Ireland IFRS 1021 Issued on 16 JUPY 2014 and Financial Reporting StsrKlard applicable in the United Kingdom and Republic of IrelarKI IFRS 1021 and Charities Act 2011. Compton Flaygroup CIO Co￿tIluteS a public berefft enttty as defined by FRS 102. 1.2 Golng concom The Charity has been Iransfefred trom an urincorporated to a CIO from 1 March 2024. The Trustees have teen reviewrKJ the Charitls financial position and forecasts, taking account of reasonably possible charwJes in performance. The Trustees bdEve there are suffiaenl funds and projected income lo be in a po$its'¢M to Contin￿ lo operate for Ihe ftyeseeable fLALYe. Therefore the accounts have been prepared on a golr& concem basis. 1.3 Income l income Is recognised Mce tr* Charity has entiuement to the income, it is probable that the income V*ill be recei￿ aTrJ the amount of income receival)le can be rneasured reliably. 1.4 Expendttur• Expendilure Is recognised once there is a ￿al or Constructi￿ oblyation lo transfer economie benefit lo a third paty. il is probable that a transfer of economic benefils wll be required in settlement and the amount of the obligation can be measured ￿lIablY. Expenditure 1$ classified by aclimty. The costs of each actmty are made up of the total of di￿1 costs and shared costs, includir¥J support costs invol*d in undertakiNJ each ath"vty. Direct costs attributable lo a single activity are allocated directly lo that aclimty. Shared costs sthich conlnbute lo more than one acliwty a￿1 support costs vthich are not 8ttnbUtab￿ to a single aetiwty are apy)rtioned between those aclivrties on a basis consislenl with the use of resources. Central staff costs are allocated on Ihe basi5 of lime spent. and depreciation charges allocated on the porb'on of the asset's use. Charitable activities and Govemance costs are costs incurred on the Charitys operations, induding support costs and costs relalirwj to the govemance of the Charity apportioned lo chantable aclivilies. 1.5 Irrterest racelvable Interest on funds held on deposit is included v￿￿n re￿1vable and the amount can be measured Teliabty by the Chanty.. this is nomialty upon notification of the interest paid or payable by the Bank. Page 6 Compton Playgroup CIO Notss to Iho flnanclal statements For tho pgrlod ended 29 Febwary 2024 Accountlng poll¢les Icontlnued) 1.6 Flnanclal Instrumonts The Charity has financial assets and financial liabililtes of a kind that qualify as basic financial inslrumenls. Basic financial instruments are inilialty recognised at transaction value and subsequentty measured at their settlement value V•ilh the exception of bank loans which are subsequentty measured at amortisecl cost usirvj the effectp4e inte￿t method. 1.7 Fund a¢¢ountln9 Ger￿al funds are unrestrided ftmds a￿ avallable for use at the drac￿tIon of the Trustees in furtherance of Ihe gen8ral oty'eclives of ts Charity *KI have not been designated for other puiposes. Trusto08' remunoratlon There was £NIL remuneration pa￿ lo Trustees during the period. Post balanco shoot ovents The Charity has chaw Its $trLKture to a Charitable Inw)orated Organisation (CIO) aThJ funds of £87,760 have been transferred in on 1 March 2024. Page 7