Charity r•gl$tratlon numb•r 286100 NORTH WOOThON PRE-SCHOOL PLAYGROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NORTH woorroN PRE-SCHOOL PLAYGROUP LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Mrs J GaHey Mrs C Johnson Mrs H Owen (Treasurer) Mrs H Hewtt Ichairpersorb) Mrs D Rushton IApwinted 14 Novernber 20231 (Appointed 14 Nnvember 20231 {Ap￿inted 14 November 20231 (Appoinlèd 14 November 20231 Mrs E Starb'ng Mrs K W8H8rs Mrs L GL•Jfrey IS8rJ8tary} Charlty numb•r 286100 Indep•nd•nt •xamln•r Mapu5- Smith and Lemmon LLP 48 King Slroal Kings Lynn Englgnd PE30 IHE NORTH WOOTTON PRE-SCHOOL PLAYGROUP CONTENTS Pag• Trustees, report Independent examinerfs report Slalemenl of financlal acllvSU8s Balance sh881 Notes lo the financial stalemenls 6.12 NORTH woorroN PRE-SCHOOL PLAYGROUP TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present thei¥ annual report and financ4al 5tstemerts for the year ènd&4 31 August 2024. The acc4yJnts have been prepared in acc(xdJnce vAth the accounting wliaes sot (wt in note to the accounts and comply with the charity's goveming document. the Charities Act 2011 and "Accounting and R8porting by Charities.. Statement of Recornrnended Prath"ce apph"Ca￿ to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic cl Ireland IFRS 1021" las am8nd8d for accounting periods GommerbGing from 1 January 20161 Oble¢tlves and a¢tlvltles The chariws objects are lo enhance the devebpment and educalon of thldren undar sialulory schoc4 age. Public benelit The TnJst883 have h8d ￿98rd to th* Chanty Commission's guidanc• on public b•nofit and have sought io ensure that all activities undertaken have been in line wilh the tharivs objeclive5. Achl•v•ffl•nts and p•rformanc• Signilicant actsvAll8s and ach￿vementS again￿ otyeGlfves North Wootton Pre4chool Achlev•ment• Jnd Perfomi•n¢e 2023124 During the year the Provschool has cwbnued to provide th¢ 0A￿UnItY frx thildren to grow and develop wior to entering luw Ilme educatlon. The Pre•8chool updaled Ihe outslde area vllh a new mtjd kilchen is at a Ir)wer helght to that previously used. More children are able lo access Ihis area and have enjoyed making soup and mud pies. as well a81è?ming about measuring and transporting items frc*m one vessel to anolher. It has given a wder scope for discussion as it is adapted lo the 8cllvitles we ate CO￿ng out wthin Pre•sthoc4. A new wooden fence wa$ erecled to re￿ace an okl fence separabnu Ihè vJtsidè ar•a with th• shingled arèa us8d for entry to Ihe Pre-school. The fence was kindty supph'ed and erected by a parent. With the fence being double- b8cked il 51ops pwpla ¢limbing m or ovor ths (￿c8. Wa hava dso addad a of tr8llis to further heighten this area. We restrvclurgd tho outsldt area to m8k$ thg grass ar88 nvn of 8 physl¢al area. pr1￿ to ihi$, t#)th area were belng used lor the sarne purpose. The grass are? now hrAJS8S a new music wall and w8lwwall whi¢h w•r• kindty mado and donatod by 8 pBr•nt, Th• children hove a wde range of items vthich they are abbe to use on both w8lL8, alkn￿ng more opportunities to develop skllls. We signed up to a merrtoring prc4ect to assist U5 in devekping the PTeThschool and its en￿rOnMent. The Managei and staff havè found this us8fiJl and havè takan on bo8rd m8ny of th8 sugg8stions which wè falt would work for our setting. We obtslned 8 sm811 gr8nt frryn Norfclk County Coundl used this to purth8$e the Wellcunm klt, whlch 18 8 help-guide for speech, wlh monitoring fom)s and guides on next steps. We have been usin9 ECAT and this has worked wèll for us. With m(Kè childrèn having speeth needs rt was fèlt we nèodod 8 mor• robust h6lp-ouidè. Wellcornm 15 recognised and used by our current speech and language team. A balloon entertainer attended both our Christmas and Leav*s parties. These were both a huge success and the children were lotally locussed (M) what is happening and am partiupated when asked. Children continue lo come in wilhoul parenis, and find their own named coa( peg in the conservatory area. This has been a posilNe step and has hel￿￿ setue new thiklr8n qU￿er. A member of staff went off on long terrn sid( whi&t having tre8tsnent. As this staff mefflber (xme bad(. another welll on matem¢ty ￿8Ve. We ernployed 2 new staff members however one carne twce before deuding she was no longer aNe to work due to her own health problems and ￿Signed with immediate effect. The member of staff remaining came straight frorn College. She has settled in and the chikjren have wamied to her very quickly. W8 Wgw praciicalty full by the end of the year. Numbws for the coming year thk posib.vg 100. NORTH WOO￿oN PRE4CHOOL PLAYGROUP TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal rg¥l¢w Fln8nclally the pkgygroup Is he8thy and is able to meet its objectives. In the year Ihere ha5 beon 8 nel surplus of funds amountsng io £13.885. The Tnjstee Board have aoreed a reseNes policy in line wth the organi5ation objèctivès Ènd this gives the charity bèts￿8n three and six months wnning costs should ftlnding be sèverely compromised in the future. The present level of resewves held is £69.673. Maiorrisks The trustees have assessed the m8jc* rfsks lo the chority is exposed. and a￿ saf¢sffied that syslerns are In place to miligate exposure to the major risks. Slru¢tur•i gov•monu and managem•nl Th8 tharity is gov•m•d by its ConstitutH￿ dated 11 Octob8r 1982. as amended 17 October 1995. 29 March 2011 and 16 October 2023.11 was registered as a thgrty vAth Ihe Charity Commission on 4 January 1983. The Iruslets who served dvrfng the y&ar and up lo th8 date of sgnabjrn of the financial statements were., Mrs J Galley Mrs C Johnson Mrs H Owen (Treasurer) Mrs A Moulton Mrs C Chadderton Mr8 H He¥￿tI IChalrper$MI Mrs D Rushton Mrs E Stsrling Mr$ K Walters Mr8 L Godfrey Isecrelaryl (Re￿gned 14 Novembgr 20231 IR8sgn8d 14 Novamb8r 20231 IApp)inted 14 November 20231 l￿F4)Inted 14 November 20231 (Appointed 14 Novemb8r 20231 (Appoinled 14 November 20231 Recruitment 8nd 8pptynlmerJt of InJst8es All mernbeT5 together wlh existing tru$t0￿ a￿ ell9lbla to stsnd for 8lectkJn as trusl8es. Those nominated and appointed are 816cted at Ihe A.G.M. Organisational stnKture The senior offidol to whom the day to day ManageM￿t of tho tharfty b delegated by th* ¢harfty Iwstees Is Trudy Akers. The trustoas, report was approved by the Board of Tnjslees. Mrs H Hewitt Ichairpersonl Trust•• 081e'. NORTH WOOThON PRE4CHOOL PLAYGROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WOOThON PRE4CHOOL PLAYGROUP I rèport on the financial statements of Charity f(Y th& yoar ended 31 August 2024, are s&t out on p898$ 4t011. Rosp•ctlv• r•sponslbilltlg5 of trust￿9 and •xamln•r Th8 charity's trustees ar9 r8sp￿S1bIe for the prgparation of tho fin8n¢i81 $t8tefflents. The charity's trustees consider that an audit 15 not required for this year undèr 144{21 of th8 CharTtses Act 2011 Ithe 2011 Act) and that 8n Trndepervjent examination is neo11ed. 11 Is my responsibility to.. 111 examine the ffinancial statemgnts urKlor 8¢clion 145 of th8 2011 Act- 1111 lo follow thè procedures la￿ down In thè gèneral Directions given by the Charity cc¥nmiss￿}n under Soctlon 145(5llbl of the 2011 Act: and Illil lo slate whether particular rnatte￿ ha￿ com& to my attention. Ba818 of Ind8p•nd•nt •x•mlnorf• roport My examination was carrlad out In accordance vAth the gan8r81 Dlrndons 9lvèn by thg Ch81ty Commi$$lon. An examination Includes a r&v4ow of the accounting records kapt by thè ¢h8rity and a ￿mParIS0n ol the financial 8tat8ments près8nté¢J with th058 records. 11 also includos ￿n$￿￿ration of any unusual item8 or diBdosures in thg flnancial statemonts, and seeking explanations from you 8$ InJ31ees concerning any such matt&rs. Thg pro¢eds beglnnlng on or 8ft&r 1 January 2015. In connecllon ￿ my axgmln8tion. no othèr matter except that referr8d lo In the preylous paragraph has come lo my attention.. {a} which giv88 me rgasonable ¢au$& to believe thal in any matwial rèspa¢t th¥ rgquirements- lil lo keep accounting recorils in a¢¢ordance with Sects￿ 130 of the 2011 ACL. and lil) to pr8pare financial statsmgnts which accord with the acrLJunting records and comply tt)& accounting requir8mfjnts of th& 2011 ACL have not been met or Ibl to which, in my opinion, attentKJn should ￿ drawn in order to enable a proper uThJwst8nding of th• financbal statemenis to b8 reachgd. Mrs Sharon Edwards F.C.A. Mapus- Smith and Lemmon LLP 48 King Stmt King8 Lynn PE30 1HE NORTH woorroN PRE-SCHOOL PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted funds 2024 Rostrlcl•d funds 2024 Total UnrestrI￿gd funds 2023 2024 Not•s Income from: Donations and18ga¢i&s Charitsblo activities Other trading activities Investments 102,842 20.160 1.579 308 103,342 20.160 1.579 308 77.975 20,150 1.552 Total Incomo 124.889 soo 125,389 99,861 Exp8ndSture on.. Charitable activities 111.004 500 111.504 103,087 Total •xpendlture 111.004 500 111,504 103,087 Net Incomellexp•ndlturo} and movem•nt In funds 13.885 13,885 13,2261 Re¢onclllalion of funds- Fund balances al 1 September 2023 55,788 55.788 59.014 Fund balanc¢$ at 31 August 2024 69.673 69.673 55,788 The slalemenl of financial activilios includes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing acliviligs. NORTH WOOTTON PRE4CHOOL PLAYGROUP BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Current assets Debtors Cash al bank and in hand 12 2.729 70.956 1.363 55,781 73.685 57.144 Creditors.. amounts falllng due wlthln one year 13 14,0121 {1.3561 Net current ass8ts 69,673 55,788 Net a$set$ oxcludlng pfrnslon 1Sabilily 69,673 55,788 Thtr funds of the ¢harlly Unreslricled funds 69.673 55.788 69,673 55,788 Th8 financial slat8Tll8nls werè approved by the twslees on ...................... .. Mrs H Owen (Treasurer) Trust0• Mrs H Hewitt Ichairporsonl Tru$le• NORTH WOOTtON PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charlty Informatlon North Wootlon Pre-school Playgroup 15 a charity registered with the Charity Commission in England. Th8 operational address is Priory Court. 55 Sl Augustine's Way, South Wootton, King's Lynn, Norfolk, PE30 3TE. 1.1 Aecountlng eonvontlon The accounts have been pr8pared in accordance with the chariV5 goveming document. the Charities Act 2011 and "Accounling and Reporting by Charilies.. Slalemenl of Recommendad Practicg applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161. Tha charity is a Public Benelil Entity as defined by FRS 102. The charity has taken advantage ol the provisions in the SORP lor charities applying FRS 102 Update Bullelin 1 not to preparg a Statemenl ol Cash Flow5. The financial slalemenls have departed from the Charities (Accounts and Reports) Regulalions 2008 only lo the extent required to provide a true and lair view. This departure has involved following the Slalemenl of Recornmended Practice lor charities applying FRS 102 rather Ihan the version ol the Slalemenl of Recornmendod Practice which is felerred lo in the Regulations bul which has since been withdrawn. The financial stalements are prepared in sterling, which is Ihe functional currency of the charily. Monet8ry arnounts in these financial slalemenls are rounded lo Ihe nearest £. The financial slalemenls have been prepared under Ihe historical Cost convention. The prinapal accounting policies adopted are sel oul below. 1.2 Golng ¢on¢•rn Al the lime ol approving the finanual Stalgments. the truslees have o rgosonablo expectation that the ch8rlty has adequate resource5 lo continue in operational exislence for the foreseeable future. Thus the Iruslees Continue lo adopt the going concern basis ol accourblbng in preparing the finanaal statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their ch8ritable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of Ihe restricted funds are sel oul in the notes lo the financial slalemenls. Endowm&nt lunds are subjecl lo speufic condilions by donors that Ihe capital musl be malntsined by th8 charity. 1.4 Incom Income is recognised when Ihe charity is legally erbliued lo it after any perfomiance conditions have beon m91, the amounts can be measured reliably. and it is probable that incomè wll be r8c8iV8d. Cash dr)nations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless perfom)an¢e Conditions ￿qUIrE deferral of the amount. Income tax rO￿v9[able in relation to donations received undei Gift Aid or deeds of covenant is recognised at the time of Ihe donation. Legacies are recognised on receipt or otherwise if Ihe charity has been notified of an impending distribution. the alr￿unt is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as a contingent asset. NORTH woorroN PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies {Continuedl 1.5 Expenditur• Expenditure is recognised once there is a legal or construdive obligation lo transfer ecoriomic benefit lo a third party, il is probable that a transfer of economic benefits will be required in selllemenl, and the 8rnounl of the obligalion can be measured reliably. Expenditure is classified by activity. The cosls of each aclivity are made up of the total of direct costs and sh8rtsd costs. induding support involved in Ltndertaking each aclivity. Oirect costs attributable lo a single activity ar¢ allocated directly to that activity. Shared costs which conlribute to more than one activity and support costs which are nol atlributable to a single activity are apportioned be￿een Ih05e 8clivilies on 8 basis consistent with the use ol resources. Central staff costs are allocaltrd on the basis of Ilme spent, and deprèciation charges are allocated on the portion of the asset's use. Expenditure is recognised whgn a liability is incurred. Conlraclual arrangements and performance related grants are recognised 8$ goods or Servi￿ are supplied. Other grant payments arè recognlsed when a onslructive obligation arises that result in Ihe payment ￿Ing unavoiijable. Costs ol ggnerating funds are those costs incurred in Irading aclivilie$ that raise fvnds. Charitable activities are those costs incurred by the charity in moeting 11$ Charitable oty'ectives. Governance costs indude those incurred in the goveman¢e of the charity and ils assets and are primarily associated with the conslilulional and slalulory reouiremenls. 1.6 Employe¢ ben•flls Thg cost of any unused holiday entillemenl is reeognised in the peri¢>d in which the employee's services are rec8wgd. Terminalion benefrts are recognised immediately as an expense when tho charity is demonstrably committed lo lerminale the employment ol an employee or lo provide lemiin8tion benefits. Incorne from donallons and legacl•s Unrestri¢l¢d R•$trlcted funds funds 2024 2024 Total Unrestricted Restricled fund$ fund$ 2023 2023 Totol 2024 2023 Grant income Other 500 102.842 102,842 77,975 77,975 102.842 5C(I 103.342 77,975 77,975 NORTH woorroN PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Incorno from charitable activitl•s Unrestrlcted Unrestricted funds funds 2024 2023 Pre.S¢hool Playgroup lees 20,160 20,150 Incom• from other tradlng actlvltSes Unr•strl¢t•d Unre#trl¢tèd funds funds 2024 2023 Fundraising events 1.579 1.552 Income from In¥o$tm•nl$ Unrestrlcted Unr•$trlcted funds funds 2024 2023 Inlgresl receIva￿e 308 NORTH WOOTTON PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on charltabl• activlti8S Pr•-School Pr•JSchool 2024 2023 Direct costs Staff costs Rent and waler ral&s Insuranc8 Light & heal Repairs & maintenance Postage & stationery Telephone & Inlernel Training & Iravelling 93.771 2.625 1,868 2,392 1.225 644 1.223 376 89,478 1,491 1.355 1.951 1,064 979 1,030 89 L 11 Parties. Irlps & gifts Cleanin9 Milk & biscuits Regislralions Sweatshirts Playgroup materials New equlpmenl & toys Bank char9es Other charitable expendilure 813 1,418 553 358 153 970 1,436 129 110 620 34 609 154 80 1,596 715 128 594 110.064 101,967 Sharo of support and govornan¢• cost8 {se• note 71 Govemance 1,440 1.120 111.504 103,087 Analysis by fund un￿striCted funds Reslriclgd funds 111.004 500 103,087 111,504 103.087 NORTH WOOTTON PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support ¢o$ts Support Governance costs costs 2024 2023 Independent 8X8mlners fèe 1.120 1.120 1,320 1,120 1,120 1,320 Analysed between Charitable activities 1.440 1,440 1,120 Nel mov•m•nt In funds 2024 2023 The nel movement in funds is stsled after chargingllcretliting}'. Tru$to0s None ol the Iruslees lor any persons o)nnected them) recelved any remunerall)n or benefits from the charity during the year. 10 Empl¢ye•$ The average monthly number ol employees during tha year wa$.. 2024 Number 2023 Number Playgroup workers 10 Employment costs 2024 2023 Wages and salaries 93.771 89,478 There were no employees whose annual remuneration was more than t60.0￿. Remuneration of key management personn•l The remuneration of key management personnel was as follows= 2024 2023 Aggrogale Compensation 32,677 10- NORTH WOOTTON PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 11 Taxation Th8 charity is exempt from taxation on its activities because all its Inco￿ is applied for charitable purposes. 12 O•btors 2024 2023 Amounts falllng due wllhin one yoar- Trade debtors Other d&blors 1,116 1,613 1,363 2,729 1,363 13 Credltors.. amounts falllng due wlthSn one y*ar 2024 2023 Payments received on account Othar creditors Accruals and delerred income 420 576 3,016 1,356 4,012 1,3S6 14 R•$trlclod funds At1 S•ptembor 2023 Ineomlng R•50urces At 31 Augilst r8$our¢•8 •xpend8d 2024 Smarter Grant 500 15001 The Smarter Grant for £500 was used lo fund monies spent on eady years toolkits for tho playgroup children 15 Unrostrl¢ted funds The unreslricled funds of the charity comprise Ihe unexpended balan¢es of donations and granis which are not subject lo specific conditions by donors and granlors as lo how they rnay be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Incomlng resources Ro$our¢•$ At 31 August ¢xpgnd•d 2024 September 2023 General lunds 55.788 124,889 {111,0041 69,673 11 NORTH WOOTTON PRE-SCHOOL PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Unrostrlcted funds Icontlnuodl Previous year: At1 September 2022 Incoming resources Resources At 31 August expended 2023 General funds 59.014 99.861 {103.0871 55,788 16 Analysls of net assets beiweon funds Unro8trl¢l¢d fund$ 2024 At 31 August 2024: Current asselsllliabililiesl 69.673 69,673 Unre$trl¢ted fund$ 2023 At 31 August 2023: Current asselsllliabilllies} 55,788 S5,78B 17 Rolatsd party transactlons There werè no disclosable ￿lated party Iransaclions durin9 the year12023- Th)nel. 12-