New Studio Annual Report 2021/2022
This last year has again been a strange and difficult time, Covid has still been with us and we were still working under some restrictions and guidelines.
Thankfully and keeping to strict protocols and cleaning regimes we had very few cases and remained open throughout.
We made some changes during covid that we have kept, we used to have parents/carers in for drop off /pick up but this is now done at the door, we found children settled better and we were able to get on with our day quickly and calmly
Because they do not come into the setting on a regular basis, we have a parent/carer Rota that gives them the opportunity to come in and see their child at play and to join in with activities. Parents/Carers are encouraged if willing to do activities and to show us their different cultures and celebrations.
Although we have a unique and very large outdoor space including Our Forest School Facility, our inside comprises of 2 small rooms, we have struggled to find space for confidential meetings and for some space for one-to-one time and speech & language groups. We also have children with SEN and they often need space to chill and regulate.
We had a large outdoor sandpit that was used mainly by the foxes/cats from neighbouring houses so we utilised the space and have erected a shed type building and this will be used for chill out/sensory sessions along with the reasons listed before.
With help from Westway Development Trust they researched funders who could support us with this project, and we received a generous grant of £4000 from The Hollick Family Trust.
This has meant that once we obtained planning permission, we now have a lovely building which is insulated, has electrics and lovely flooring. Our next step is to kit it out with soft furnishings and sensory toys/equipment and then we will have a fully functioning area to support not just SEN children but all children who may need a quiet space/time to chill.
Our latest cohort of children are ‘Lockdown Babies ‘who will need extra support especially regarding speech & Language and we now have the space for sessions to support them with this.
Fundraising has been curtailed because of restrictions but we still raised funds from our Sponsored Egg Hunt, Tea Towels with childrens drawings on and from the photographer.
Staff have continued to undertake training (mainly online) to ensure that we provide the best quality care & education for the children and for their own Continuous Personal Development (CPD).
We have finally held some events that we could allow parents/carers to attend, such as our Sports Day /Leavers Ceremony and a Family Picnic.
We are grateful to our landlords Notting Hill Methodist Church for their continued support and maintenance of our building and garden. We have recently renewed our lease which is for 7 years .
We are very much part of the local community and have good links with the local schools.
New Studio Preschool continues to be full and has a healthy waiting list, we have families returning with siblings and now have the children of parents who attended New Studio themselves and returning to be part of
‘The New Studio Family ‘
We look forward to seeing what this next year brings
Charity Registration No. 1017489 +6-SCHo FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Newstudio Pr&School Reglstered as an Educational Charity Charity Informats"on - 31st March 2022 Offiicers: Jemima Powell Rebecca 8echer Claire Sheppard Chair Person Secretary Treasurer Committee Members: Melanie Clarke Casey Wragge Scarlett spenr-churChlll Trustees: Amanda Grender Sophie Cogan Ines Sanna Registered Charty Number: 1017489 Registered Office: Kelfield Mews Kelfield Gardens London W10 6LS Bankers: CAF BANK Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Management Accountsnt G.K Murugesu FCMA
Newstudio Pre-school Committee Members. Responsibillties in the preparation of financial statements For the year ended 31st March 2022 Charrty Legislation r6Nuire5 the committee to prepare financial statements for each financiai year which give a tnje and fair view of the stale of the Charity as at the end of the finanaal year and the income and expenditure of the Chaiity for the year ended on Ihat date. In preparing those financial stalements, suitable accounting polrcies have been used, framed, to the best of the Committee's knowledge and behalf, by referen lo reasonable and prudent judgements and estimates and applEd consistentty. Applicable accounting standards have been followed. The committee is also required to indicate where the financial statements are prepared other than on the basis that the Charity is a going concern. The Committee is responsible for ensuring Ihal arrangements are maje for keeping proper books of account with respect lo the Charity's transactions and its assets and liabilities and for maintaining a salisfaclory system of control over the Charity's bcoks of )Unts and transactions. The Committee is also responsible for ensuring that arrangements are made lo safeguard the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud detection of fraud and other irwularilies. The Financial Statement have been prepared on Acffljas Accounting basis, from the Accounting records provided by the New StudKJ Pre-Scho)I Parents Committee. Prepared by.. G,K.Muruge$u FCMA Chartered Management Accountant
Newstudio Pre-school ststement of Financial Activities for the year ended 31 st March 2022 Notes Deslgnated Restricted Unrestricted Total Funds Funds Funds 2022 Totsl 2021 Income and Expenditure Incoming Resources from Generated Funds Voluntary Income 2.132 2,132 821 Invesknent Income Incomlng Resources from Charitable Activities 158,650 158,650 157,666 Total Incoming Resources 160,784 160,784 158,491 Resources Expended Charitable Activities 150,846 150,846 126,110 Goveman Costs 10 7,800 7,8CK) 6,600 Fund Raising Costs 11 216 216 126 Total Resources Expended 158,862 158,862 132,836 Net Incomlng Resources 1,922 1,922 25,655 Funds brought forward 49,967 49,967 24,313 Transfer of Funds Funds Carried foNard 51,889 51,889 49,968 All the Charity's operations are classed as continuing. Statement of Total Recognised Gains and Losses There were no recognised gains and h)sses other th those included in the Statement of Financial Acts'vities.
New5tudio Pre-school Balance Sheet as at 31st March 2022 2022 2021 Notss Current Assets Cash al Bank 49,891 47,734 Debtors 1,998 51,889 2.234 49,968 Current Liabilities . (under 1 year) Creditors & Accruals Net Assets 51,889 49,968 Analysis of Net Assets by Fund Unrestiicted Funds 41,889 39,968 Designated Funds 10,000 10,CK)O Restricted Funds 51.889 49,968 Trustefr Newstudio Pr&School . Trustee -Newstudio Pre•School . Trustee - Newstudio Pre.School Approved on'behalf of the Newstudio Prfrschool ..2022
Newstudio Pre.School Notes to the Flnancial Statements For the Year Ended 31 st March 2022 11 Accountlng Policies Accounting Convention The Accounts are prepared under the Historical Cosl Convention and take into account the recommendab'ons outjined in the Statements of Recommended kntice. Fixed Assets Play equipment expEndilure is written off lo the income and expenditure account in the year in which the expendilure is incurred. All other assets purchased over £1000, not specthcally funded are, capilalised, and written off to the Income and Expenditure Account over a period of lour years. 2) Designated Funds The funds have been allcrAted for Ihe fdlowing purtx)ses'. 2022 2021 Contractual Statutory LiabilitES 10,000 10,000 2022 2021 31 Staff Costs Salaries 96,799 96,799 89,854 89,854 2022 2021 Part-time Staff No empbyee was remunerated at a rale of£60,(MJO12021- £60,c). 41 Trustees Expenses:_ For ?O?.?- £NIL12020= £NI ILI 51 Analysis of Funds Unrestricted Restricted Fund Fund Total 2022 Fixed Assets Current Assets CuTrent Liabilities 51,889 51,889 51,889 51,889
Newstudio Pre.School Notes to the Financial Statements For the Year to 31st March 2022 Statement of Financial Activities Incoming Resources from Generated Funds Restrfcted Unrestrfcted Funds Funds Total 2021 Total 2020 6) Voluntary Income Royal Borogh of Kensington & Chelsea Cf>nalion & Fund Raising Other Grants 2.132 2,132 821 2,132 2,132 821 71 Investment Income Bank Interest 81 Incoming Resources from Charitable Activities Fee Income MFE & Under 2 Year Funding RBKC Other Grant 32,105 32,105 15,899 122,387 122,387 118,146 4,158 4,158 23,621 158,650 158,650 157,666 Total Incoming Resources 160,784 160,784 158,491
Newstudio Pre-school Notes to the Financial Ststements For the Year Ended 31st March 2022 Restricted Unrestricted Funds Funds Total 2022 Totsl 2021 9} Charitable Activities Salaries Staff Traning 96,799 2,329 96,799 2,329 89,852 776 Renl & Servtr£s Telephone Insurance Repairs & Renewals Cleaning 26,112 999 1.624 3,416 730 26,112 21,083 1,624 3,416 730 130 4,424 121 Activities Outting Toys & Equipment Consumables 467 574 8,935 3,601 467 574 8,935 3,601 122 268 2,277 3,554 Subscription Publicity Prinb'ng postage stationery 588 75 4,501 588 75 4,501 731 75 2,127 Bank Charges 96 69 150,846 150,846 126,110 10} Governance Accountancy Fee 7,81X) 7,800 6,600 11) Fund Raising expenditure 216 216 126 Total Resources Expended 158,862 158,862 132,836
Charity Registration No. 1017489 +6-SCHo FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Newstudio Pr&School Reglstered as an Educational Charity Charity Informats"on - 31st March 2022 Offiicers: Jemima Powell Rebecca 8echer Claire Sheppard Chair Person Secretary Treasurer Committee Members: Melanie Clarke Casey Wragge Scarlett spenr-churChlll Trustees: Amanda Grender Sophie Cogan Ines Sanna Registered Charty Number: 1017489 Registered Office: Kelfield Mews Kelfield Gardens London W10 6LS Bankers: CAF BANK Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Management Accountsnt G.K Murugesu FCMA
Newstudio Pre-school Committee Members. Responsibillties in the preparation of financial statements For the year ended 31st March 2022 Charrty Legislation r6Nuire5 the committee to prepare financial statements for each financiai year which give a tnje and fair view of the stale of the Charity as at the end of the finanaal year and the income and expenditure of the Chaiity for the year ended on Ihat date. In preparing those financial stalements, suitable accounting polrcies have been used, framed, to the best of the Committee's knowledge and behalf, by referen lo reasonable and prudent judgements and estimates and applEd consistentty. Applicable accounting standards have been followed. The committee is also required to indicate where the financial statements are prepared other than on the basis that the Charity is a going concern. The Committee is responsible for ensuring Ihal arrangements are maje for keeping proper books of account with respect lo the Charity's transactions and its assets and liabilities and for maintaining a salisfaclory system of control over the Charity's bcoks of )Unts and transactions. The Committee is also responsible for ensuring that arrangements are made lo safeguard the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud detection of fraud and other irwularilies. The Financial Statement have been prepared on Acffljas Accounting basis, from the Accounting records provided by the New StudKJ Pre-Scho)I Parents Committee. Prepared by.. G,K.Muruge$u FCMA Chartered Management Accountant
Newstudio Pre-school ststement of Financial Activities for the year ended 31 st March 2022 Notes Deslgnated Restricted Unrestricted Total Funds Funds Funds 2022 Totsl 2021 Income and Expenditure Incoming Resources from Generated Funds Voluntary Income 2.132 2,132 821 Invesknent Income Incomlng Resources from Charitable Activities 158,650 158,650 157,666 Total Incoming Resources 160,784 160,784 158,491 Resources Expended Charitable Activities 150,846 150,846 126,110 Goveman Costs 10 7,800 7,8CK) 6,600 Fund Raising Costs 11 216 216 126 Total Resources Expended 158,862 158,862 132,836 Net Incomlng Resources 1,922 1,922 25,655 Funds brought forward 49,967 49,967 24,313 Transfer of Funds Funds Carried foNard 51,889 51,889 49,968 All the Charity's operations are classed as continuing. Statement of Total Recognised Gains and Losses There were no recognised gains and h)sses other th those included in the Statement of Financial Acts'vities.
New5tudio Pre-school Balance Sheet as at 31st March 2022 2022 2021 Notss Current Assets Cash al Bank 49,891 47,734 Debtors 1,998 51,889 2.234 49,968 Current Liabilities . (under 1 year) Creditors & Accruals Net Assets 51,889 49,968 Analysis of Net Assets by Fund Unrestiicted Funds 41,889 39,968 Designated Funds 10,000 10,CK)O Restricted Funds 51.889 49,968 Trustefr Newstudio Pr&School . Trustee -Newstudio Pre•School . Trustee - Newstudio Pre.School Approved on'behalf of the Newstudio Prfrschool ..2022
Newstudio Pre.School Notes to the Flnancial Statements For the Year Ended 31 st March 2022 11 Accountlng Policies Accounting Convention The Accounts are prepared under the Historical Cosl Convention and take into account the recommendab'ons outjined in the Statements of Recommended kntice. Fixed Assets Play equipment expEndilure is written off lo the income and expenditure account in the year in which the expendilure is incurred. All other assets purchased over £1000, not specthcally funded are, capilalised, and written off to the Income and Expenditure Account over a period of lour years. 2) Designated Funds The funds have been allcrAted for Ihe fdlowing purtx)ses'. 2022 2021 Contractual Statutory LiabilitES 10,000 10,000 2022 2021 31 Staff Costs Salaries 96,799 96,799 89,854 89,854 2022 2021 Part-time Staff No empbyee was remunerated at a rale of£60,(MJO12021- £60,c). 41 Trustees Expenses:_ For ?O?.?- £NIL12020= £NI ILI 51 Analysis of Funds Unrestricted Restricted Fund Fund Total 2022 Fixed Assets Current Assets CuTrent Liabilities 51,889 51,889 51,889 51,889
Newstudio Pre.School Notes to the Financial Statements For the Year to 31st March 2022 Statement of Financial Activities Incoming Resources from Generated Funds Restrfcted Unrestrfcted Funds Funds Total 2021 Total 2020 6) Voluntary Income Royal Borogh of Kensington & Chelsea Cf>nalion & Fund Raising Other Grants 2.132 2,132 821 2,132 2,132 821 71 Investment Income Bank Interest 81 Incoming Resources from Charitable Activities Fee Income MFE & Under 2 Year Funding RBKC Other Grant 32,105 32,105 15,899 122,387 122,387 118,146 4,158 4,158 23,621 158,650 158,650 157,666 Total Incoming Resources 160,784 160,784 158,491
Newstudio Pre-school Notes to the Financial Ststements For the Year Ended 31st March 2022 Restricted Unrestricted Funds Funds Total 2022 Totsl 2021 9} Charitable Activities Salaries Staff Traning 96,799 2,329 96,799 2,329 89,852 776 Renl & Servtr£s Telephone Insurance Repairs & Renewals Cleaning 26,112 999 1.624 3,416 730 26,112 21,083 1,624 3,416 730 130 4,424 121 Activities Outting Toys & Equipment Consumables 467 574 8,935 3,601 467 574 8,935 3,601 122 268 2,277 3,554 Subscription Publicity Prinb'ng postage stationery 588 75 4,501 588 75 4,501 731 75 2,127 Bank Charges 96 69 150,846 150,846 126,110 10} Governance Accountancy Fee 7,81X) 7,800 6,600 11) Fund Raising expenditure 216 216 126 Total Resources Expended 158,862 158,862 132,836