Charlty Numbor SCOI)0186 ABERDOUR PLAYGROUP FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 NOVEMBER 2020 arter AcGountant Accountancy & Taxation Services 9 McLauchlan Rise Aberdour Frfe KY3 OSS
ABERDOUR PLAYGROUP FINANCIAL STATEMENTS PERIOD ENDED 30 NOVEMBER 2020 CONTENTS PAGE Trustees and professional advisors Trustees, annual report Independent examiner's report Receipts and payments account Statement of balances Notes to the financial statements
ABERDOUR PLAYGROUP TRUSTEES AND PROFESSIONAL ADVISORS Members of the commlttee The members at the date of signing of this report are as follows: Position Chair Secretary Treasurer li'oint) Treasurer lj'oint) Fund-raising Principal Office The Inslitule Shore Road Aberdour Fife KY3 OTR Bankors Royal Bank of Scotland 9 High Street Aberdour File KY3 OSH Independent Examiner ere ccounlant Accountancy & Taxation Servrces 9 McLauchlan Rise Aberdour Fife KY3 OSS
Pag• 1 ABERDOUR PLAYGROUP REPORT OF THE TRUSTEES PERIOD ENDED 30 NOVEMBER 2020 The trustees present their report and the unaudited financial statements of the charity for the period ended 30 November 2020. Ref•rgnce and admlnl$tratlon Infomiallon The charity is an unincorporated recognised Scottish charity, charty no SC000186. and is governed by the term5 detailed within ts formal con51rtulion. The charity is a member of the Scottish Pre-sohool Play Assoctation, having accepted the aims of the Association. Trustsos The trustees who served the charrty during the period were as follows.. Appointèd Rosignbd January 2020 January 2020 Seplernber 2020 structure. governance and managgrngnt The affairs of the charity a under the control of the Abefdour Playgroup council, a committee for the day to day running of ts business. The council consists ofthe whole membetship of the charity. The committee usually consists of 6 or 7 members of the council including the chairperson, secretary and Ireasurer. In accordance with the charrty's constrtution, the council shall hold in June of each year an annual general meeting in which members of the committee are eli9ible for re-election. Recruitment and appointmènt of truste•$ New Iruslees are generalty recruited by word of mouth and are provided support and guidance from existing trustees. Objectives anil activitias The aim of the charity is to promote the aims ofthe Scottish Pre-school Play Association ISPPAI which are to advan¢e the education and social development of pre-school children wfth the emphasis on play experience, so that they take a constructive place in the communty, and also lo advance the education of their panIS and other appropriate persons. In fvrtheran¢e of the above aims the charity seeks. a) lo provide safe and satisfying group play and learning, and bl lo encourage other charitable activities through which the parents may support the development of children. Activities and achlevemonts Dur¢ng the penod to March 2020, the charity continued to be committed to promoting the aims of SPPA, by continuing lo operate Aberdour PlaygroLtp wthin The In$b"lute, Shore Road, Aberdour. The Playgroup held several fund-raising events during this period. The Playgroup was unable to operate during the period Aprtl to June 2020, due to restrictions brought about by Covid-19. However, in June 2020, due lo the Continued $tC"0nS brought about by Covid-19, Frfe Council was unable lo confirm when PlaygTOUP might obtain acces$ to their premises lo recommen¢e the opeTation of Playgroup. There was also a lack of clarity on numbers of children who could access this setting due to the Covid cgnstraints over attendance at multiple childcare settings, such that the Trustees had lo make the difficult decision to close Playgroup and make all staff redundant. This was necessary to ensure sufficient fiJnd$ were available lo cover redundancy liabilib'es to the stsff and to prevent any rsonal liability falling on the Trustees.
Page 2 ABERDOUR PLAYGROUP REPORT OF THE TRUSTEES PERIOD ENDED 30 NOVEMBER 2020 Financial roview The reserves at 30th November 2020 are £4.505 12019.. £26,795). After settlement of outstsnding liabilities of £325 on the dosure of the Playgroup, the MainIng reserves of £ 4,180 will be donated to Aberdour Primary School Parents Association wlh focus of spend to be on Earfy Years Education Inutsery setting). There was a Ideficit)Isurplus for the period of £22,290 {2019.' surplus of £16,609). %thich included the repayment of Frfe Council 2020 grant and redundancy costs. Invgstmgnt Pollcy Surplus fvnds were held in a bank aGwint whith gener*ed a small level of investment income. Stat•m•nt of Tru$t••$' rèsponslbillty The Trustees are responsible for preparing the Trustees, annual report and the flnancoal ststements in cordance wtih applicable law and regulations. In preparing these finarrial statements the trustees are required to: Seled suitable accounting policies and then apply them ¢onsi3tenlly Make judgements and estimates Ihal are reasonable and prudent., Prepare the financial statements on the going concem basis unless it is in8ppropri4le lo presume that the charity wlll contlnue in operation. The Iw$tee$ are responsible for keeping proper accounting records which disclose with reasonable curacy at any ts.me the financial position of the charty and which enable them to ensure that the financial statements comply wf(h regulations 9111, 121 and {3}. 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. Approved by the Trustees on 20th April 2021
Page 3 ABERDOUR PLAYGROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABERDOUR PLAYGROUP PERIOD ENDED 30 NOVEMBER 2020 I report on the unaudfted accounts of the charity for the pèriod ended 30th November 2020 set out on pages 4 to 7. Re$pe¢tive responsibilitie5 of tho Tnta@S and tha Indapandont Examinar The ¢harity'$ Iruslees are responsible for the preparatlon of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscollandl Regulations 2006. The ¢harty trustees consider that the audit requirement of regulation 1011lldl of the accounts regulations does not apply. 11 is my responsibility lo exarnine the accounts as required under section 44(1)Ic) of the Act and lo stsle vhelher partular matters have come to my attention. Bas1$ of Ind8pendent Examinerfs Report My examination is carried out in accordance with regulation 11 of the Charities Accounts {Scotland} Regulations 2006. An examination includes a review of the accounting rewrds kept by the charity and a comparison of the accounts presenteil wlh those rerds. Italso includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from the bustees conceming any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentty I do not express an audit opinion on Ihg view given by the accounts. Indep•nd&nt Examlnerfs Statgmont In the course of my examin*ion, no matter has come to my attention which gives me reasonable cause lo believe that in any material respect the reqU1ments lal to keep accounting records in accordance with Section 44(11{al of the 2005 Acl and Regulation 4 of the 201% Accounts Regulations, and Ibl lo prepare accounts which a¢cord with the accounting records and compty wth Regulab'on 9 of the 20C6 Accounts regulations have not been mel.. or 12} lo which, in my opinion, 8ttention should be dravm in order to enable a proper understsnding of the accounts lo be reached. 23(d April 2021 Chartered Acco&nLant Accountsncy & Taxation Services 9 McLauchlan Rise Aberdour, Fife, KY3 OSS
Paga S ABERDOUR PLAYGROUP STATEMENT OF BALANCES 30 NOVEMBER 2020 2020 2019 Note BANK AND CASH IN HAND Opening balance {Deficit}ISuTplu5 for the period 26,795 {22.290) 4.505 10,186 16,609 Closing balan 26,795 Total not assets 4,505 26,795 CAPITAL AND RESERVES General Funds Restricted Funds 4,505 18,398 8,397 4,505 26,795 These financial statements were approved by the members ofthe commtttee on 20, April 2021 and are signed on their behalf by-. i reasurer The nots6 on wgej 6 and 7 forni part of these financial ¥tat8ments.
Pag• 6 ABERDOUR PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 30 NOVEMBER 2020 AccouKfiNG POLICIES Basls of a¢¢ountlng The untS have been prepared on a receipts and payments basis and in accordance wrth applicable accounting standards and under the historical cost convention, and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts {Scotland} Regulations 2006. Fund accounting Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamiarked al Ihe discretion of Ihe truslees for a particular purpose. they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustee's discretion to apply the fund. Incoming resources All donations and gifts are included within incoming resour$ under either unreslricted or restricted funds according to the temis under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are broughl into the accounts at their market value to the charty. Resources expended All expenditure is included within the financial statements on a payments basis. Taxation Aberdour Playgroup is recognised as a charty for the purpose of appli(%ble taxation legislation and is therefore not subject to taxation on its charitable activtties. The charty is not registered for VAT and resources expended therefore include irrecoverable input VAT. Grants receivable 2020 2019 Frfe Council Fife Council 2020 16,712 {8,257) 30,496 9.104 8,455 39,600
Pago 7 ABERDOUR PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 30 NOVEMBER 2020 Stsff ¢osts and omoluments Particulars of employees: The average number of slaff {actual headcount} employed by the chartty during the financial period amounted to.. 2020 2019 No Number of slaff - playleaders No transadions occurred during the pefiod with trustees. induding out of pocket expenses and salaries. No trustees or olher person related to the charity had any personal interest in any contract or transaction entered into by the charity during the period. 4. Unrestricted funds Total fundsTotal funds 2020 2019 Opening balance {Deficitysurplus for the period 18,398 {13,893} 10.186 8,212 General funds 4,505 18,398 5. Restricted funds Total fundsTotal funds 2020 2019 Opening balance {Deficit)Isurplus for the period Repayment of Grant (Fife Council 2020> 8,397 (140} (8,257} 8,397 Restricted fvnds 8,397