## **JACK & JILL PRE-SCHOOL**
## **Charity Registration Number 1000658**
**FINANCIAL STATEMENTS for the year ended 31 August 2021**
|**Contents**|**Page**|
|---|---|
|Legal and administration details|1|
|Report of the charity trustees|2 & 3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 to 9|
|Report of the independent examiner|10|
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 1
## **LEGAL AND ADMINISTRATION DETAILS for the year ended 31 August 2021**
CHARITY REGISTRATION NUMBER: 1000658 CONSTITUTION: The Charity is unincorporated. ADDRESS: Rear of Mill Lane School Via Whites Field, Mill Lane Chinnor, Oxfordshire, OX39 4RF GOVERNING INSTRUMENT: The original constitution was adopted on 15 May 1989. This has been replaced by The Pre-School Learning Alliance Model Constitution 2011 which was adopted on 11 November 2014 MANAGEMENT COMMITTEE and CHARITY TRUSTEES: The members of the Management Committee are elected annually at the Annual General Meeting and are also the Charity Trustees for the period of their appointment. The following Committee Members were members during the period or appointed after the period end H Milne Chairperson A Milne Treasurer A Francis S Phal C Bradley C Darvill C Davis F Sherrington PRE-SCHOOL BUILDING CUSTODIAN TRUSTEES: H Milne P Coull S Hargreaves BANKERS: CAF Bank Limited West Malling, Kent Scottish Widows Bank Plc Edinburgh INDEPENDENT EXAMINER: Jacqui Williams Accountancy Limited Chartered Accountants 14 Station Road Chinnor Oxfordshire OX39 4QD
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 2
## **REPORT OF THE CHARITY TRUSTEES for the year ended 31 August 2021**
The charity trustees present their report and the financial statements of the charity for the year ended 31 August 2021. The charity trustees have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Statement of the charity trustees' responsibilities**
The charity trustees are responsible for preparing the Report of the Charity Trustees and the financial statements in accordance with applicable law and United Kingdom Accoiunting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed, requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period, In preparing the financial statements, the charity trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The charity trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Provisions) Regulations 2008 and the provisions of the trust deed. They 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.
## **Objectives and activities of the charity for the public benefit**
The objectives of the charity are to advance the education of children below compulsory school age by providing safe and satisfying group play, encouraging other charitable activities through which parents may help the children and furthering the aim of the Pre-school Learning Alliance.
In connection with this, the charity is a member of the Pre-School Learning Alliance; membership number: D 1948G 26804.
The charity trustees confirm thay have referred to the guidance contained in Section 4 of the Charites Act 2011 and the Charities Commission general guidance on public benefit when reviewing the charity's aims for the public benefit.
## **Achivements and performance**
During the period the charity has carried out its objectives by providing playgroup sessions and associated activities, for children below compulsory school age, on a term-period basis, in its own purpose-built premises and by arranging organised outings for those children.
## **JACK & JILL PRE-SCHOOL**
**Charity Registration Number 1000658**
Page 3
**REPORT OF THE CHARITY TRUSTEES (** _**continued**_ **) for the year ended 31 August 2021**
## **Financial review**
## _**Reserves policy**_
Unrestricted funds are required:
- to ensure that the charity's operating costs are covered, without which the charity could not function;
- to provide funds to enable specific projects to be undertaken at short notice; and
- to provide funds for the future replacement of the building thereby ensuring the future continuity of the charity.
The charity trustees consider it prudent that unrestricted general reserves should be sufficient:
- to avoid the necessity of realising fixed assets held for the charity's use;
- to cover the charity's operating costs for a minimum of the length of one term; and
- to provide funds to assist with specific projects.
Unrestricted general reserves are currently above that range. The charity trustees hold regular meetings at which the level of reserves is monitored and reviewed.
## _**Other information**_
The results for the period are set out in the statement of financial activities, on page 4, and the balance sheet, on page 5, shows the assets and liabilities at the period end date.
The charity's purpose built premises stands on land which is leased to the charity. The building was first used during June 1993 and the initial lease term was for a period of 21 years which has been extended for an additional period of up to 17 years.
The charity trustees consider the charity to be in a good financial position to continue carrying out its objectives in the future.
Approved by the charity trustees on and signed on their behalf by:
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 4
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2021**
**----- Start of picture text -----**
Unrestricted
general Building Redundancy Total Total
fund fund fund 2021 2020
Notes
£ £ £ £ £
INCOMING RESOURCES
Income from:
Donations - - - - 200
Charitable activities 2 a 64,456 - - 64,456 80,732
Other trading activities 2 b 2,065 - - 2,065 1,288
Investments - bank interest 1 - - 1 199
Total income 66,522 - - 66,522 82,419
RESOURCES EXPENDED
Expenditure on:
Charitable activities:
Staff costs 3 a 55,253 - - 55,253 68,292
Other administration 3 b 14,194 - - 14,194 14,423
Total charitable activities expenditure 69,447 - - 69,447 82,715
Other trading activities 4 60 - - 60 129
Other 5 330 - - 330 930
Total expenditure 69,837 - - 69,837 83,774
Net income before transfers (3,315) - - (3,315) (1,355)
Transfers between funds (2,000) 2,000 - - -
NET MOVEMENT IN FUNDS (5,315) 2,000 - (3,315) (1,355)
RECONCILIATION OF FUNDS
Total funds brought forward 16,857 67,000 13,491 97,348 98,703
Total funds carried forward 11,542 69,000 13,491 94,033 97,348
**----- End of picture text -----**
The notes on pages 6 to 9 form part of these financial statements.
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 5
## **BALANCE SHEET at 31 August 2021**
**----- Start of picture text -----**
2021 2020
Notes £ £ £ £
Tangible fixed assets 6 5,329 5,442
Current assets
Stocks 7 - -
Debtors 8 2,569 1,683
Cash at bank:
Current account 3,150 6,979
Deposit accounts 84,902 84,900
Total current assets 90,621 93,562
Creditors
Amounts falling due within one year 9 1,917 1,656
Net current assets 88,704 91,906
Net assets 10 94,033 97,348
Funds
Unrestricted funds
General fund 11,542 16,857
Buildings fund 69,000 67,000
Redundancy fund 13,491 13,491
Total funds 94,033 97,348
Approved by the charity trustees on
and signed on their behalf by:
**----- End of picture text -----**
The notes on pages 6 to 9 form part of these financial statements.
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 6
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2021**
## **1 Accounting policies**
## **Basis of accounting**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared on a going concern basis under the historical cost convention.
## **Reconciliation with previous generally accepted accounting practice**
Following adoption of the new accounting standards, in preparing the financial statements, the charity trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. At the date of transition the charity trustees consider that no restatement was required.
## **Financial instruments**
The charity only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments, including debtors and creditors due within one year, are initially recognised at transaction value and subsequently measured at their settlement value.
## **Incoming resources**
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. Fundraising income, included within other trading activities, is recognised in the period in which the event takes place.
## **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 costs related to the category.
## **Tangible fixed assts and depreciation**
Tangible fixed assets are intitally stated at cost and are depreciated as follows:
The original cost of the building has been depreciated on a straight line basis in order to write off its cost over the original 21 year period of the lease of the land on which it is built. The building was first used on 21 June 1993. An extension of the lease of the land for a period of up to 17 years has been negotiated.
Furniture, fittings and equipment purchased since 1 April 1999 is being depreciated on a straight line basis, at 10% - 20% per annum, or over the remaining period of the lease in order to write off the cost less estimated residual value over the estimated useful life of the asset.
## **Stock**
Stock is stated at the lower of cost and net realisable value, consistent with previous years.
## **Grants received**
Revenue grants are recognised in the statement of financial activities so as to match them with the expenditure to which they contribute. Capital grants in respect of contributions towards the cost of the pre-school building are allocated to the capital cost of the building.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 7
## **NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) for the year ended 31 August 2021**
## **1 Accounting policies (continued)**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the charity trustees. The unrestricted funds comprise the general fund, the buildings fund and the redundancy fund. The charity has no restricted funds.
|**2**
**Analysis of income**
**a**
**Charitable activities**
Fees
Grants
Outings and Christmas parties
Milk reimbursements|**£**
-
64,456
-
-
**2021**|**£**
3,632
76,560
540
-
**2020**|
|---|---|---|
||64,456|80,732|
|**b**
**Other trading activities**
Outside events
Photographs
Sundry sales|1,533
-
532|997
-
291|
||2,065|1,288|
|**3**
**Analysis of expenditure on charitable activities**
**a**
**Staff costs**
Gross wages and salaries
Employer's National Insurance
Employer's pension contributions (defined contribution scheme)|**£**
54,865
-
388
**2021**|**£**
68,037
-
255
**2020**|
||55,253|68,292|
|Average number of employees
Teaching staff including standby assistants|**No.**
8|**No.**
9|
|During the current and previous years no employee received emoluments of more than £60,000.
**b**
**Other administration**
**£**
**£**
Ground rent
230
285
Rates and water
1,101
(200)
Electricity
423
621
Maintenance
1,427
2,119
Telephone and postage
84
236
Advertising
-
-
Administration
930
987
Training and staff welfare
2,279
785
Photocopying and printing
558
455
Paint, paper and consumables
604
715
Pre-school equipment
1,998
2,876
Refreshments
3
859
Cleaning
1,957
1,802
Insurances and PLA membership
1,076
1,683
Gifts
170
83
Outings and Christmas parties
-
-
Depreciation and disposals of tangible fixed assets
1,354
1,117
**2021**
**2020**|||
||14,194|14,423|
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 8
## **NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) for the year ended 31 August 2021**
|**4**
**Analysis of expenditure on other trading activities**
Outside events
Cost of sundry sales|**£**
60
-
**2021**||**£**
129
-
**2020**|
|---|---|---|---|
||60||129|
|**5**
**Analysis of other expenditure**
**Governance costs**
Independent examiner's fees for reporting on the accounts
Professional fees|**£**
-
330
**2021**||**£**
165
765
**2020**|
||330||930|
|**6**
**Tangible fixed assets**
**Cost**
At 1 September 2020
Additions
Disposals
**Pre-school building & associated fixtures and equipment**|**Gross**
**£**
70,921
1,241
-
**expenditure**|**Related**
**grants**
**£**
9,950
-
-|**Net**
**total**
**£**
60,971
1,241
-|
|At 31 August 2021|72,162|9,950|62,212|
|**Depreciation**
At 1 September 2020
Charge for the year
Disposals|||55,529
1,354
-|
|At 31 August 2021|||56,883|
|**Net book value**
at 31 August 2020|||5,442|
|At 31 August 2021|||5,329|
|**£**
**7**
**Stocks**
Goods for resale
-
**2021**
In line with the depreciation policy, the original cost of the building, which is
been fully depreciated.||included above,|**£**
-
**2020**
has now|
|**8**
**Debtors**
Due within one year:
Sundry debtors
Prepayments|**£**
285
2,284
**2021**||**£**
285
1,398
**2020**|
||2,569||1,683|
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 9
## **NOTES TO THE FINANCIAL STATEMENTS (** _**continued**_ **) for the year ended 31 August 2021**
|**9**
**Creditors**
Amounts falling due within one year:
Sundry creditors
Taxes and social security
Accruals
Deferred income|**£**
1,312
125
480
-
**2021**||**£**
691
448
517
-
**2020**|
|---|---|---|---|
||1,917||1,656|
|**0 Analysis of net assets between funds**
The total unrestricted funds are allocated between the general, buildings and redundancy funds.
The unrestricted general fund provides for the day-to-day operation of the charity.
**Tangible**
**Net Current**
**At 31 August 2021**
**fixed assets**
**assets**
**£**
**£**
Unrestricted funds
General fund
5,329
6,213
Buildings fund
-
69,000
Redundancy fund
-
13,491|||**Total**
**£**
11,542
69,000
13,491|
||5,329|88,704|94,033|
|**at 31 August 2020**
Unrestricted funds
General fund
Buildings fund
Redundancy fund|**Tangible**
**fixed assets**
**£**
5,442
-
-|**Net Current**
**assets**
**£**
11,415
67,000
13,491|**Total**
**£**
16,857
67,000
13,491|
||5,442|91,906|97,348|
## **10 Analysis of net assets between funds**
## **11 Trustees and key management personnel remuneration and benefits**
The charity trustees were not paid and did not receive any remuneration or benefits for their services as charity trustees during the year.
The charity trustees consider the teaching staff to be key management personnel for whom their total remuneration is as detailed in note 3a.
**JACK & JILL PRE-SCHOOL Charity Registration Number 1000658**
Page 10
**REPORT OF THE INDEPENDENT EXAMINER for the year ended 31 August 2021**
I report to the trustees of Jack & Jill Pre-School on the financial statements of the charity for the year ended 31 August 2021, which are set out on pages 1 to 9.
## **Responsibilities and basis of report**
As the charity's trustees, 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the 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 which gives me cause to believe that in, any material respect: •the accounting records were not kept in accordance with section 130 of the Charities Act; or
•the accounts did not accord with the accounting records; or
•the accounts did 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.
**Jacqui Williams FCA Jacqui Williams Accountancy Limited** Chartered Accountants 14 Station Road Chinnor Oxfordshire
Date