Charity registered number 1017425
Marshfield Pre-School
Report and Accounts
31 August 2022
Marshfield Pre-School Registered number: 1017425 Annual report of the trustees
Marshfield pre-school is a registered charity (number 1017425). The charity's registered address is Marshfield Pre-school, Hayfield, Marshfield, Chippenham, SN14 8RA
Objective of the charity
The objective of Marshfield Pre-School is to offer accessible childcare for all (through low pricing) and to provide children with the opportunity to learn through play, meeting the teaching guidelines for children of pre-school age. It provides a high standard of care and received a good OFSTED report in 2019. The pre-school is a well used and vital facility in Marshfield, enabling children to mix with other local children, develop social skills and make friends with whom they will attend the local primary school. We also provide a holiday club for all children from 2-11 years. We are open from 7.30am to 6pm 51 weeks of the year.
Trustees
The trust members who held office last year were:
A Cherry-Williams C Loney D Beechey E Cousins A McKee
Achievements during the year
During the year investment was made in a playground renovation. This included the addition of a new pirate ship which has proved very propular. After the closures due to Covid over the past two years, we are now almost back to normal and have seen a good increase in children numbers, particularly to the holiday club.
Reserves Policy
There are reserves of £88,403 (2021 - £86,406). Of these funds it is considered prudent to maintain a working capital reserve of £15,000. Future projects which will also require some of this reserve include refurbishment of both front and back gardens.
The Trustees decided that an Emergency fund should always be held on deposit and only used if the Pre-school faces financial hardship. Should this money be needed fundraising events will be held to replace it as soon as possible.
Obligations of the Trustees
Marshfield Pre-school raised money and received grants to build an extension to Marshfield Community centre. The extension was completed in January 2004. The extension owned by Marshfield Community Association (registered charity 297306) and the Pre-school has committed to a 15 year lease which started on 19 January 2004, and is currently in the process of being renewed.
1
Marshfield Pre-School Registered number: 1017425 Annual report of the trustees
Trustees' Responsibilities
The Trustees are required under the Charities Act 1993 to prepare accounts for each financial year which give a true and fair view of the charity's financial activities during the year and of its position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing accounts giving a true and fair view, the trustees should follow best practice and:
select suitable accounting policies and apply them consistently,
make judgements and estimates that are reasonable and prudent,
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts, prepare the accounts on a going concern basis unless it is appropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the accounts comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for hte prevention and detection of fraud and other irregularities.
This report was approved by the trustees on 27 October 2022 and signed on their behalf.
A Cherry-Williams Chairperson
2
Marshfield Pre-School Independent Examiner's Report
Independent Examiner's report to the Trusteess of Marshfield Pre-School
We report on the accounts of the charity for the year ended 31 August 2022, which are set out on the pages 4 to 6
Respective Responsibilites of Trustees and Examiner
As the charity's Trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unsual items or disclosure in teh accounts, and seeking explanations from you as Trustees We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting recorsd in accordance with section 41 of the Act, and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, except as disclosed in Note 1(a) of the accouns, have not been met, or
-
To which, in my opinion, attention should be drawn to enable proper understanding of the accounts to be reached.
Karen Sayers Limited Chartered Accountants
29 Silver Street Colerne Wilts SN14 8DY
27 October 2022
3
Marshfield Pre-School
Income and Expenditure for the year ended 31 August 2022
| Notes Income Direct expenses Surplus Administrative expenses Other operating income 2 Interest receivable Surplus/(deficit) for the year |
2022 £ 177,431 (10,419) 167,012 (169,131) 516 (1,603) 8 (1,595) |
2021 £ 150,501 (5,882) |
|---|---|---|
| 144,619 (134,815) 64 |
||
| 9,868 13 |
||
| 9,881 |
4
Marshfield Pre-School Balance Sheet as at 31 August 2022
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds of the Charity Emergency Fund General Fund 6 Total reserves |
2022 £ 35,072 5,860 82,707 88,567 (568) 87,999 123,071 8,000 115,071 123,071 |
2021 £ 38,260 2,657 85,518 88,175 (1,769) 86,406 124,666 8,000 116,666 124,666 |
2021 £ 38,260 2,657 85,518 88,175 (1,769) 86,406 124,666 8,000 116,666 124,666 |
|---|---|---|---|
| 124,666 | |||
| 8,000 116,666 |
|||
| 124,666 |
A Cherry Williams
Approved by the Trustees on 27 October 2022
5
Marshfield Pre-School Notes to the Accounts for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared on the accruals basis.
Income
Income represents the valueof grants received and fees charged for services supplied.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25% straight line Land and building straight line over the period of the lease
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
| 2 | Operating profit | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| This is stated after charging: | |||
| Depreciation of owned fixed assets | 3,188 | 3,258 | |
| 3 | Tangible fixed assets |
| 2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets |
2022 £ 3,188 |
2021 £ 3,258 |
|---|---|---|
| Cost At 1 September 2021 At 31 August 2022 Depreciation At 1 September 2021 Charge for the year At 31 August 2022 Net book value At 31 August 2022 At 31 August 2021 4 Debtors Trade debtors Provision for bad debts |
2022 £ 8,242 (2,382) 5,860 |
Land and buildings £ 55,796 |
| 55,796 | ||
| 17,536 3,188 |
||
| 20,724 | ||
| 35,072 | ||
| 38,260 | ||
| 2021 £ 5,321 (2,664) |
||
| 2,657 |
6
Marshfield Pre-School Notes to the Accounts
for the year ended 31 August 2022
| 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors 6 Funds At 1 September 2021 Deficit for the year At 31 August 2022 |
2022 £ - 568 568 2022 £ 124,666 (1,595) 123,071 |
2021 £ 1,344 425 |
|---|---|---|
| 1,769 | ||
7
Marshfield Pre-School
Detailed income and expenditure for the year ended 31 August 2022
| Income Direct costs Gross income Administrative expenses Other operating income Operating (deficit)/surplus Interest receivable (Deficit)/surplus |
2022 £ 177,431 (10,419) 167,012 (169,131) 516 (1,603) 8 (1,595) |
2021 £ 150,501 (5,882) |
|---|---|---|
| 144,619 (134,815) 64 |
||
| 9,868 13 |
||
| 9,881 |
8
Marshfield Pre-School
Detailed income and expenditure for the year ended 31 August 2022
| Income Member's Fees Nursery grant Dinner Money Fundraising Donation Covid insurance claim Furlough grant Direct costs School Dinners Holiday club expenses Consumables Administrative expenses Employee costs: Wages and salaries Pensions Employer's NI PLA Insurance Course Fees and Manuals Uniforms Gifts and Staff Incentives Computer costs Entertaining Premises costs: Rent Waste |
2022 £ 117,934 53,180 5,578 658 81 - - 177,431 7,641 45 2,733 10,419 126,713 2,211 3,348 1,905 430 152 440 76 108 135,383 6,324 860 7,184 |
2021 £ 69,828 57,636 3,090 677 175 10,014 9,081 |
|---|---|---|
| 150,501 | ||
| 3,665 40 2,177 |
||
| 5,882 | ||
| 104,800 1,725 613 1,762 550 490 201 588 - |
||
| 110,729 | ||
| 4,927 807 |
||
| 5,734 |
9
Marshfield Pre-School
Detailed income and expenditure for the year ended 31 August 2022
| General administrative expenses: Telephone and fax Stationery and printing Subscriptions Bank charges Equipment expensed Software Website Repairs and maintenance Depreciation Bad debts Ofsted registration Events Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional Other operating income Other operating income |
2022 £ 845 356 748 100 15,628 1,438 - 1,943 3,188 - 220 224 44 24,734 300 1,415 115 1,830 169,131 516 |
2021 £ 1,051 546 660 105 2,923 949 600 2,994 3,257 2,642 220 - 59 |
|---|---|---|
| 16,006 | ||
| 300 1,279 767 |
||
| 2,346 | ||
| 134,815 | ||
| 64 |
10