2021-03-31-accounts - Opportunity Playgroup Eye

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Eye Opportunity Group

EYE OPPORTUNITY GROUP

Charity number 287907

FINANCIAL STATEMENTS

FOR THE YEAR ENEDED 31 MARCH 2021

MARSH ACCOUNTANCY 67 GARDENERS ROAD DEBENHAM STOWMARKET SUFFOLK IP14 6RX

Eye Opportunity Group

Index to the Financial Statements

For the year ended 31 March 2021

	Page
Trustees Annual Report	1
Independent Examiner’s Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes	5 – 7

Eye Opportunity Group

Trustees Annual Report For the year ended 31 March 2021

The committee comprising the Trustees submits its report and the financial statements for the year ended 31[st] March 2021.

Governance

The charity is registered by the Charity Commission for England and Wales, registration number 287907. The charity’s objects and rules are as set out in its Constitution adopted 12[th] November 2009 having previously been adopted in June 1983, as amended 5[th] September 1983, 5[th] December 1990, 7[th] November 2002, 5[th] August 2003.

The committee meets regularly to review and oversee the charity’s policy management and statutory and financial business. It comprises the principal officers (Chairman, Secretary and Treasurer) and no less than 4 and no more than 9 other members. The committee has power to co-opt up to 3 further members with special knowledge, experience or interest appropriate to the charity’s aims and objectives. No officers may be elected for a sixth consecutive year in the same post.

The members and officers of the committee during the year were:

Jayne Stansfeld - Chair Kelly Ronan – Secretary (stepped down 14/01/21) Anna Chambers Jane Bright - Secretary (appointed 14/01/21) Rosie Mack Bridget Hitchman – Treasurer Suzanne Hilliard Jane Helen Scott Sarah Buckley (resigned 14/01/2021) Sandra Barker Kerry Baker Ewen (appointed 14/01/2021) Joanne Durrant

Charitable Aims and Objectives

The group is established to provide safe and satisfying group play for the advancement of education and development of children. It provides a supportive environment for children with additional needs and their families. The group also provides a day care setting and offers support to families and carers in the local community and surrounding areas.

Financial Statements

The financial statements are drawn up in accordance with the charity’s constitution and all statutory requirements. An excess of receipts over payments of £37,213 (2020: deficit £1,116) was realised for the year. At the year-end total funds were £63,978 (2020: £26,765).

Reserves Policy

The charity endeavours to maintain unrestricted reserves equating to £ 25,000 to cover the cost of closing the charity should this situation arise or relocating to a new site. This reserve includes funds for statutory redundancy and notice payments for staff.

Approved by the committee and sign on its behalf by

Chairman Treasurer Date: Date:

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report on the accounts of the Eye Opportunity Group for the year ended 31 March 2021 which are set out on pages 3-4.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 114 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Examine the financial statements under section 145 of the Charities Act;
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and
To state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations for you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

Which gives reasonable cause to believe that in any material respect the requirements o To keep accounting records in accordance with Section 130 of the Charities Act and
To prepare accounts which accord with the accounting records and
To comply with the accounting requirements of the Charities Act

have not been met, or

To which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.

Rachel Marsh FMAAT Marsh Accountancy 67 Gardeners Road Debenham Suffolk IP14 6RX

Date: 27 August 2021

Eye Opportunity Group

Statement of Financial Activities For the Year Ended 31 March 2021

Notes Incoming Resources Activities for generating funds Fundraising & donations Investment income Gift Aid funding Government COVID grants Total incoming resources Resources Expended Salaries 2 Employers Pension contributions Postage & stationery Activities, trips & outings Heat & light Training & subscriptions Toys & equipment Rent & Rates Repairs & maintenance Insurance Refreshments Telephone & broadband General Running Costs Independent Examiner’s Fee Payroll fees Depreciation 3 Total resources expended Insurance claim Net incoming/outing resources Net movement in funds Total funds brought forward Total funds carried forward 6 Incoming resources from generated funds; Incoming resources from grants and funding	Unrestricted Funds Restricted Funds Total Funds 2021 Total Funds 2020 £ £ £ £ 443 - 443 1,587 12,908 - 12,908 14,694 11 - 11 43 2,444 - 2,444 68 26,680 25,250 51,930 24,187 - 12,527 12,527 -
	42,486 37,777 80,263 40,579
	- 31,184 31,184 34,144 - 401 401 192 - 56 56 106 - 76 76 143 - 699 699 908 - 375 375 140 1,235 322 1,557 149 - 1,333 1,333 2,165 531 209 740 2,423 - - - 911 - 43 43 384 - 802 802 1,039 2,625 2,276 4,901 511 300 - 300 300 288 - 288 347 295 - 295 358
	5,273 37,777 43,050 44,220
	- - - ( 2,525) 37,213 -37,213 ( 1,116)
	37,213 - 37,213 ( 1,116) 26,765 - 26,765 27,881
	63,978 - 63,978 26,765

Eye Opportunity Group

Balance Sheet As at 31 March 2021

Notes Fixed Assets 3 Equipment Current Assets 4 Debtors and prepayments Cash at bank and in hand: Bank current account Bank Base Rate Tracker account Cash in hand Current liabilities 5 Net current assets Total net assets Unrestricted funds Restricted funds 6 Creditors: amounts falling due within one year	Unrestricted General Designated 31 March 2021 31 March 2020 £ £ £ £ 368 - 368 454
	- - - - 14,158 - 14,158 4,578 50,101 - 50,101 22,090 23 - 23 35
	64,283 - 64,283 26,703 672 - 672 393
	63,610 - 63,610 26,311

	63,978 - 63,978 26,765
	63,978 - 63,978 26,765 - - - -
	63,978 - 63,978 26,765

Approved by the trustees on ______ and signed on its behalf by:

Trustee Trustee

Eye Opportunity Group

Notes to the Financial Statements For the year ended 31 March 2021

1. Accounting policies

Accounting convention

These accounts have been prepared under the historic cost convention and in accordance with the Financial Reporting standard for Smaller Entities (effective April 2009). In preparing the financial statements the charity follow best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005) used in March 2005.

Grants, donations and fundraising

Income is received by way of grants, donations and fundraising activities, which are included in full in the statement of financial activities as soon as the charity has entitlement to the income, there is certainty of receipt and the amount is quantifiable.

Investment income

Bank interest is included in the statement of financial activities as it becomes due.

Resources expended

All expenditure; including the purchase of toys and equipment, is included in the statement of financial activities, as soon as the obligation arises.

Funds

The charity maintains various types of funds as follows:

Unrestricted funds represent unrestricted income which is expendable at the discretion of the trustees in furtherance of the objectives of the charity.

Restricted funds represent donations and grants received which are allocated by the donor for a specific purpose.

Fixed assets

The depreciation rates used are as follows:

Equipment 20% straight line method.

2. Staff emoluments

Salaries Employers Pension Contributions Average number of full time equivalent employees	£ £ 31,184 34,144 401 192 31 March 2021 31 March 2020
	31,586 34,336

	7 7

No employee earned more than £60,000 in the year. No remuneration or expenses were paid to trustees in the year.

Eye Opportunity Group

Notes to the Financial Statements (continued) For the year ended 31 March 2021

3. Fixed Assets

Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020	Equipment Total £ £ 1,788 1,788 209 209
	1,997 1,997
	1,334 1,334 295 295
	1,630 1,630

	368 368

	454 454

4. Debtors and prepayments

There were no debtors at 31 March 2021 (2020:£nil).

5. Creditors: amounts falling due within one year

PAYE creditor Accruals	£ £ 72 93 600 300 31 March 2020 31 March 2021
	672 393

Eye Opportunity Group

Notes to the Financial Statements (continued) For the year ended 31 March 2021

6. Restricted funds

BBC Children in Need Mid Suffolk District Council SCCAPORS Activities Unlimited Suffolk Community Foundation Suffolk Community Foundation HMRC Furlough Scheme

Balance at 1				Balance at 31
April 20	Movements in	funds	Funds transfer	March 21
	Incoming	Outgoing
£	£	£	£	£
-	2,500	2,500	-	-
-	1,750	1,750	-	-
-	6,000	6,000	-	-
-	10,000	10,000	-	-
-	5,000	5,000	-	-
-	12,527	12,527	-	-

37,777 37,777 - -

BBC Children in Need

funds provided for existing staff

Mid Suffolk District Council

for general

Suffolk County Council

for general running and staff costs together with security camera

Suffolk Community Foundation

for general running costs and staff costs

HMRC Furlough Scheme

Government COVID grant scheme for existing staff costs

7. Taxation

The playgroup is a registered charity and does not trade for tax purposes. It is not liable to corporation tax on its surplus.