REGISTERED CHARITY NUMBER: 1000159
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for
Great Bardfield Pre-School
Simpson Accountancy Limited Unit 6 Cherrytree Farm Blackmore End Road Sible Hedingham Essex CO9 3LZ
Great Bardfield Pre-School
Contents of the Financial Statements for the year ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Great Bardfield Pre-School
Report of the Trustees for the year ended 31 August 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
Great Bardfield Pre-school was inspected by Ofsted on the 11th January 2016 who rated the overall provision of service as being good. The comments were as follows:
'Children make good progress. Staff provide well-planned activities and learning opportunities based on children's interests. Resources are of good quality, easily accessible and the children are busy and engaged in a wide range of activities. Children are challenged and stimulated very well by staff.'
'Staff know children very well through their observations and from information obtained from parents. Staff assess children's progress effectively and close any gaps in their learning quickly. They meet children's individual needs and work very effectively together to support the next steps in their learning. Children are very well prepared for the next stage in their learning and for school.'
'There are very good relationships between staff and children in a very happy, caring and welcoming environment. Staff work closely with parents so that children receive consistency and their needs are met. Children's behaviour is excellent. Staff teach children about why they need to practise good hygiene.'
'Staff work as a strong team. Ongoing professional development is well planned and documented, and staff share their knowledge with each other. There is a strong drive for continuous improvement in children's learning experiences and in the provision as a whole. There are effective partnerships with other early years providers with whom staff share ideas and best practice.'
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1000159
Principal address
Braintree Road Great Bardfield Braintree Essex CM7 4RN
Trustees
M Aston Chair P Boorman Treasurer
Independent Examiner
Ofsted Simpson Accountancy Limited Unit 6 Cherrytree Farm Blackmore End Road Sible Hedingham Essex CO9 3LZ
Page 1
Great Bardfield Pre-School
Report of the Trustees for the year ended 31 August 2020
Approved by order of the board of trustees on 6 July 2022 and signed on its behalf by:
M Aston - Trustee
Page 2
Independent Examiner's Report to the Trustees of Great Bardfield Pre-School
Independent examiner's report to the trustees of Great Bardfield Pre-School
I report to the charity trustees on my examination of the accounts of Great Bardfield Pre-School (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable 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.
Ofsted Simpson Accountancy Limited
6 July 2022
Page 3
Great Bardfield Pre-School
Statement of Financial Activities for the year ended 31 August 2020
| 2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,869 Other trading activities 2 69 Investment income 3 6 Total 107,944 EXPENDITURE ON Raising funds 98,411 Other - Total 98,411 NET INCOME/(EXPENDITURE) 9,533 RECONCILIATION OF FUNDS Total funds brought forward 16,549 TOTAL FUNDS CARRIED FORWARD 26,082 |
2019 Total funds £ 86,719 1,264 11 87,994 94,104 50 94,154 (6,160) 22,709 16,549 |
|---|---|
The notes form part of these financial statements
Page 4
Great Bardfield Pre-School
Balance Sheet 31 August 2020
| 2020 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 27,197 CREDITORS Amounts falling due within one year 7 (1,115) NET CURRENT ASSETS 26,082 TOTAL ASSETS LESS CURRENT LIABILITIES 26,082 NET ASSETS 26,082 FUNDS 8 Unrestricted funds 26,082 TOTAL FUNDS 26,082 |
2019 Total funds £ 17,658 (1,109) 16,549 16,549 16,549 16,549 16,549 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 July 2022 and were signed on its behalf by:
M Aston - Trustee
The notes form part of these financial statements
Page 5
Great Bardfield Pre-School
Notes to the Financial Statements for the year ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Fundraising events | 69 | 1,264 | |
| 3. | INVESTMENT INCOME | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Deposit account interest | 6 | 11 |
Page 6
continued...
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2020
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| All Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 2019 10 9 Unrestricted fund £ 86,719 1,264 11 87,994 94,104 50 94,154 (6,160) 22,709 16,549 |
|---|---|
continued...
Page 7
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2020
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 8. MOVEMENT IN FUNDS At 1.9.19 £ Unrestricted funds General fund 16,549 TOTAL FUNDS 16,549 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 107,944 TOTAL FUNDS 107,944 Comparatives for movement in funds At 1.9.18 £ Unrestricted funds General fund 22,709 TOTAL FUNDS 22,709 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 87,994 TOTAL FUNDS 87,994 |
2020 2019 £ £ 1 2 - 550 1,114 557 1,115 1,109 Net movement At in funds 31.8.20 £ £ 9,533 26,082 9,533 26,082 Resources Movement expended in funds £ £ (98,411) 9,533 (98,411) 9,533 Net movement At in funds 31.8.19 £ £ (6,160) 16,549 (6,160) 16,549 Resources Movement expended in funds £ £ (94,154) (6,160) (94,154) (6,160) |
|---|---|
continued...
Page 8
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2020
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.18 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 22,709 | 3,373 | 26,082 |
| TOTAL FUNDS | 22,709 | 3,373 | 26,082 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 195,938 195,938 |
Resources Movement expended in funds £ £ (192,565) 3,373 (192,565) 3,373 |
Resources Movement expended in funds £ £ (192,565) 3,373 (192,565) 3,373 |
|---|---|---|---|
| 3,373 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
Page 9
Great Bardfield Pre-School
Detailed Statement of Financial Activities for the year ended 31 August 2020
| INCOME AND ENDOWMENTS Donations and legacies Gifts Grants Admissions Misc Income Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Wages Training Support costs Management Insurance Advertising Sundries Water Cooler Other Repairs and renewals Governance costs Telephone Accountancy and legal fees Ofsted Total resources expended Net income/(expenditure) |
2020 £ - 5,503 101,105 1,261 107,869 69 6 107,944 89,523 442 89,965 650 110 6,495 117 7,372 150 317 557 50 924 98,411 9,533 |
2019 £ 1 - 86,668 50 86,719 1,264 11 87,994 77,354 1,141 78,495 1,174 126 9,904 167 11,371 1,895 1,786 557 50 2,393 94,154 (6,160) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10