REGISTERED CHARITY NUMBER: 1000159
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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 2021
Approved by order of the board of trustees on 11 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 2021.
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
11 July 2022
Page 3
Great Bardfield Pre-School
Statement of Financial Activities for the year ended 31 August 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 112,558 Other trading activities 2 - Investment income 3 1 Total 112,559 EXPENDITURE ON Raising funds 102,051 NET INCOME 10,508 RECONCILIATION OF FUNDS Total funds brought forward 26,082 TOTAL FUNDS CARRIED FORWARD 36,590 |
2020 Total funds £ 107,869 69 6 |
|---|---|
| 107,944 98,411 |
|
| 9,533 16,549 |
|
| 26,082 |
The notes form part of these financial statements
Page 4
Great Bardfield Pre-School
Balance Sheet 31 August 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 38,056 CREDITORS Amounts falling due within one year 7 (1,466) NET CURRENT ASSETS 36,590 TOTAL ASSETS LESS CURRENT LIABILITIES 36,590 NET ASSETS 36,590 FUNDS 8 Unrestricted funds 36,590 TOTAL FUNDS 36,590 |
2020 Total funds £ 27,197 (1,115) 26,082 26,082 26,082 26,082 26,082 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 11 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 2021
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 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Fundraising events | - | 69 | ||
| 3. | INVESTMENT INCOME | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Deposit account interest | 1 | 6 |
Page 6
continued...
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
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 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 2020 10 10 Unrestricted fund £ 107,869 69 6 107,944 98,411 9,533 16,549 26,082 |
2021 2020 10 10 Unrestricted fund £ 107,869 69 6 107,944 98,411 9,533 16,549 26,082 |
|---|---|---|
| 107,944 98,411 |
||
| 9,533 16,549 |
||
| 26,082 |
continued...
Page 7
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2021
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 8. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 26,082 TOTAL FUNDS 26,082 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 112,559 TOTAL FUNDS 112,559 Comparatives for movement in funds At 1.9.19 £ Unrestricted funds General fund 16,549 TOTAL FUNDS 16,549 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 107,944 TOTAL FUNDS 107,944 |
2021 2020 £ £ - 1 (205) - 1,671 1,114 1,466 1,115 Net movement At in funds 31.8.21 £ £ 10,508 36,590 10,508 36,590 Resources Movement expended in funds £ £ (102,051) 10,508 (102,051) 10,508 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 |
|---|---|
continued...
Page 8
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,549 | 20,041 | 36,590 |
| TOTAL FUNDS | 16,549 | 20,041 | 36,590 |
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 £ 220,503 220,503 |
Resources Movement expended in funds £ £ (200,462) 20,041 (200,462) 20,041 |
Resources Movement expended in funds £ £ (200,462) 20,041 (200,462) 20,041 |
|---|---|---|---|
| 20,041 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 9
Great Bardfield Pre-School
Detailed Statement of Financial Activities for the year ended 31 August 2021
| 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 |
2021 £ 2 1,642 108,580 2,334 112,558 - 1 112,559 91,647 177 91,824 650 95 7,258 152 8,155 855 610 557 50 1,217 102,051 10,508 |
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 |
This page does not form part of the statutory financial statements
Page 10