REGISTERED CHARITY NUMBER: 1000159
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Great Bardfield Pre-School
Report of the Trustees for the year ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 17th January 2019 who rated the overall provision of service as being good. The comments were as follows:
'Educational activities provided by staff help to build on what children know, can remember and do. Children sustain particularly good levels of concentration. For example, during group story time, staff sit with them, helping to support and extend their ideas. Children are confident to interact. For instance, they offer suggestions about what will happen next to the three little pigs.'
'The manager and staff vary their teaching approach to support all children's different abilities. Time is taken to ensure that information from parents and advice from other professionals are implemented to help children achieve targets.'
'Staff have high expectations of children's behaviour. They are positive role models who politely interact with colleagues to set a good example for children. As a result, children learn to be patient, take turns and use 'kind hands'. This encouraging behaviour management helps children to feel safe and secure.'
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
Simpson Accountancy Ltd Simpson Accountancy Limited Unit 6 Cherrytree Farm Blackmore End Road Sible Hedingham Essex CO9 3LZ
Approved by order of the board of trustees on 30 November 2023 and signed on its behalf by:
M Aston - Trustee
Page 1
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 2022.
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.
Simpson Accountancy Ltd
Simpson Accountancy Limited
30 November 2023
Page 2
Great Bardfield Pre-School
Statement of Financial Activities for the year ended 31 August 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 116,764 Investment income 2 2 Total 116,766 EXPENDITURE ON Raising funds 97,831 Other 10,647 Total 108,478 NET INCOME 8,288 RECONCILIATION OF FUNDS Total funds brought forward 36,590 TOTAL FUNDS CARRIED FORWARD 44,878 |
2021 Total funds £ 112,558 1 |
|---|---|
| 112,559 | |
| 102,051 - |
|
| 102,051 | |
| 10,508 26,082 |
|
| 36,590 |
The notes form part of these financial statements
Page 3
Great Bardfield Pre-School
Balance Sheet 31 August 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 47,255 CREDITORS Amounts falling due within one year 6 (2,377) NET CURRENT ASSETS 44,878 TOTAL ASSETS LESS CURRENT LIABILITIES 44,878 NET ASSETS 44,878 FUNDS 7 Unrestricted funds 44,878 TOTAL FUNDS 44,878 |
2021 Total funds £ 38,056 (1,466) 36,590 36,590 36,590 36,590 36,590 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 November 2023 and were signed on its behalf by:
M Aston - Trustee
The notes form part of these financial statements
Page 4
Great Bardfield Pre-School
Notes to the Financial Statements for the year ended 31 August 2022
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Deposit account interest | 2 | 1 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Page 5
continued...
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2022
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| All Employees No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2022 2021 10 10 Unrestricted fund £ 112,558 1 112,559 102,051 10,508 26,082 36,590 2022 2021 £ £ 1 - 1,812 (205) 564 1,671 2,377 1,466 |
2022 2021 10 10 Unrestricted fund £ 112,558 1 112,559 102,051 10,508 26,082 36,590 2022 2021 £ £ 1 - 1,812 (205) 564 1,671 2,377 1,466 |
2022 2021 10 10 Unrestricted fund £ 112,558 1 112,559 102,051 10,508 26,082 36,590 2022 2021 £ £ 1 - 1,812 (205) 564 1,671 2,377 1,466 |
|---|---|---|---|
| 112,559 | |||
| 102,051 | |||
| 10,508 26,082 |
|||
| 36,590 | |||
| 2021 £ - (205) 1,671 1,466 |
Page 6
continued...
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2022
7. MOVEMENT IN FUNDS
| At 1.9.21 £ Unrestricted funds General fund 36,590 TOTAL FUNDS 36,590 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 116,766 TOTAL FUNDS 116,766 Comparatives for movement in funds At 1.9.20 £ Unrestricted funds General fund 26,082 TOTAL FUNDS 26,082 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 112,559 TOTAL FUNDS 112,559 |
Net movement At in funds 31.8.22 £ £ 8,288 44,878 8,288 44,878 Resources Movement expended in funds £ £ (108,478) 8,288 (108,478) 8,288 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 |
|---|---|
continued...
Page 7
Great Bardfield Pre-School
Notes to the Financial Statements - continued for the year ended 31 August 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.20 | in funds | 31.8.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 26,082 | 18,796 | 44,878 |
| TOTAL FUNDS | 26,082 | 18,796 | 44,878 |
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 £ 229,325 229,325 |
Resources Movement expended in funds £ £ (210,529) 18,796 (210,529) 18,796 |
Resources Movement expended in funds £ £ (210,529) 18,796 (210,529) 18,796 |
|---|---|---|---|
| 18,796 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 8
Great Bardfield Pre-School
Detailed Statement of Financial Activities for the year ended 31 August 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts Grants Admissions Misc Income 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 |
2022 £ 1 - 115,349 1,414 116,764 2 116,766 97,159 672 97,831 741 210 7,277 183 8,411 1,622 - 564 50 614 108,478 8,288 |
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 |
This page does not form part of the statutory financial statements
Page 9