## **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 spen￿r-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 spen￿r-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