Chariry Regi5trdtion No. 1020844 C¢)rnpany Registration No. 06355391 (England and Wales) COPDOCK & WASHBROOK PRESCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
COPDOCK & WASHBROOK PRESCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Tru$tws Mrs L Butters Mrs T Deakin Mrs A Wilden S•¢r8tary Mrs T Deakin Charity number 1020844 Company numb•r C6355391 Principal addrwJs Phèasant se Copdock Ipswch Suffolk IP8 3LF Reglstered offl¢9 Pheasant Rise CopJod( Ipswch Sufft)Ik IP8 3LF
COPDOCK & WASHBROOK PRESCHOOL CONTENTS Page Twsteès r8W)rt Indedent examinerfs report Statement of financF818ctivths BalanGe sheet Notes to the financial statements 6-12
COPDOCK & WASHBROOK PRESCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2021 The trustees present their report and finan(ial statements for the year ended 31 ALUSt 2020. The financial ststements have been prepared in accordance w7th the accounling policies sel out in note 1 to the finanGial statements and comply with the charitys19oveming documentl. the Companies Act 2006 and "Accounting and Reporting by Charrties.. Ststement of Rernrnended Practice appIable to charities Preparing their accounts in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1(Y21"18s amended for lUntIn0 periJ5 m[rn¢1ng frrmn 1 January 20161 Oblectlves and actlvlths The charity's objècts are to pmvide a rich nurturing environment for young children to grow, develop and ach their fvll polential. We aim to care arKI education for all children. The charity provides preschool education for 2 to 5 year olds 8nd around care for schod aged childran. We aim lo support famili¢$ by providing a safa. ènjoyat4• and attractive place to send their children whilst they are at work. The twstees have paid due regard to guidan issued by the Charity commiss in deciding what activibes the charity should undertake. The setting provide5 a range of actsvrties which include parents and friends. These off8r fund raising opportunities for the Setting and also allow us to raise mney to support other gcw)d causes, helping children lo understand about othei children's lives. Achlevem•nts and pertom)ance This year, as always we have supported many children and families providing a safe, nurturin9 environment where they can leam, have fun and get along wtth others. The thlls leamt at Preschool will help children throughout their INes. We have 5UPPOrted childr&n in Ihsir transilions to new settings. either startTrng at Primary school or setIng at Preschool which is for many children and families the first kn.me they have been away from home or famity members. Our Preschool has been busy with increasing numbers and we have re0ned the WTap afound care, initially for Key workgrs, Chiklren. Numbers for the wrap around care continue lo be Ii)w. Following the Covid GdanCe, we offeretl a Child only event for our annual Christmas Party. wth staff organising games and a video message from Father Christmas. In Ihe Summer we had an open air Teddy Bears Picnic wth families provKling their own f(N)d and blanket. Staff have continued their compulsory. First Aid. F¢)od Hygiene and Safeguarding training.
COPDOCK & WASHBROOK PRESCHOOL TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2021 Finan¢lal revlew This yearwe have again experienced a change in our irKome and expenditure. Income recelved from grants, including funded has increased, but that from fees greatty reduced. A tÈduction in Ihg number of families using the Out of Sch¢)ol Club provision because of the pandemic is one of the causes. It is noted th81 expenditijre w8s less this financial year. Siaifing Costs have been reduod with one member of staff retiring and another being made redundant. It is the policy of the charity that unrestn.cted funds which have not begn deslgn8ted for a specthc use should be maintained at a level equivalent to betsveen six 8nd efve month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a signfficanl drop in funding, they will be able to continue the charity's Current activrties while consKleration is given to ways in which addrtional funds may be raised. This level of rè58rves has mntained thrcMJ9hout thg year. The trustees havg assessed the major risks to which the charity is exposed. aNI are satisfied that systems are In pla lo mitigatè exposure lo the major risks. 11 has been a very drrfKull y8aT anCIalty. Structure, 9ov•man¢e and rnanagtment The charity is a company limited by guarantee govemed by its memorarurn and thcles of association dated 29 August 21h)7. It is registered as a charity the Charity Commission. The trustees, who are also the directors for the purpose of rnpanY law. and who served during the year and up lo the dote of signature of the financial statements were- Mrs L Butters Mrs T Deakin Mrs A Wilden Non8 of the trustees has any beneficial interest in the company. PJI of the iTUStees arè members of th& CA)mpany and guarantee to contrtbute £1 in Ihe event of a winding up. The trustees has assessed the major risks lo which the charity is exposed. and are satssfied that systems are in place to mitigate exposure to the major risks. The trustees reFM)rt was approved by the Board of Trustees. Mr6 T A Deakin Trustee
COPDOCK & WASHBROOK PRESCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPDOCK &WASHBROOK PRESCHOOL I report lo the trLsslees on my èxamination of the financial statements of Copdcd( & Washbrook Preschool {the ¢harityl for the year ended 31 August 2021. Rgsponsibilitlès and ba$1$ of rnport As th8 trustees of th8 eharity land also its directors for the purposes of company law) you are rgsponsible lor the preparation of the finarrial statements In aC0)rdan wrth the requirements of the Companies Act 2006 Ilhe 2006 Act). Having satisfiéd myseifthat the financial 51atements ofthe charity are nol requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charty's finaneial statements carried OLtt under section 145 of the Charities Act 2011 Ithe 2011 Acll. In carying out my examination I have followed all the applicabie Directions given by the Charity Commission under section 1451511b} of the 2011 Act. Indgpgndent examlnerfs ststement I have completed my examination. I confimi that no matters have come lo my att8ntion in connectlon with the examination giving me cause lo believe that in any m8tersal Spect.. accounting records were not kèpt in respect of the charity as required by section 386 of the 2006 Act the fin8ncial statements do not accord wilh those records,. or the financial statements do not comply with the accounting regulments of section 396 of the 2006 AGI other than any requirement that the accounts gNe a true and fair view which is not a matter nsidered as part of an independent examinalK>n', or the financial statements have not been prepared in accordance with the mèthods and prinaples ofthe Sialemenl of Recommended Practice for accounting and reporbng by charities applicable to charities preparing their accounts in accordan the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102}. I havg no concerns and have come across no other matters in connection wrth the examination lo which attention should be drawn in this rgP)rt in order lo enab a proper understanding of the financial stalernenls lo be reached. Dated..
COPDOCK & WASHBROOK PRESCHOOL STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021 Unrestricted fund5 2021 Totsl 2020 Notos Incom• from: Charitable activities Grants Feès Reeesved After school fees Out of schcKJl fees Breakfast club fa8$ Other trading activibes Investments 76,729 4,591 8.218 2,367 3,014 333 56,431 12.090 10,756 4,790 2,099 264 Totsl Income 95,252 86.513 Ex nditur• on: Charitable activities 80.773 103,205 N•t in¢¢)me for th• y•arl Net rnovement in funds 14.479 {16.6921 Fund balances at 1 September 2020 72,388 89.080 Fund balances at 31 August 2021 86.867 72,388 The statement of financial actNitie$ indu(les all gain5 arKI losses recognised in the year. All income and expgnditure derive from continuing tivit. The slalemenl offinancial activities also complies ¥th the requirements for an income and expenditure account under the Companies Act 2006.
COPDOCK & WASHBROOK PRESCHOOL BALANCE SHEET ASAT31 AUGUST2021 2021 2020 Not•¥ Fixèd assets Tangible assets Current assets Debtors Cash al bank and in harKI 2,687 1,764 11 1549 83,232 1,304 90,917 84.781 92,221 Creditors: amounts falllng due withln one y•ar 12 I6} 121.5971 Net currenl assets 86.867 70,624 Totsl assets less curr•nt liabiliti05 86.867 72,388 Incom• funds Unieslricted funds 86,867 72,388 86.867 72,388 The company is entiued to the exemption from the audit requirement o)ntained in s8ction 477 of the Compani8s A¢t 2006, for the year ended 31 August 2019. No member of the iy)mpany has deposited a notice, pursuant to Section 476, requiring an audit of these financial statements. Thè tru$t9e8 8¢knovAedge their responsibilities for ensuring that the charity keeps accounb.ng rgrords which comply with sg¢tK)n 386 of the Act and for preparing financial statements which gtve a true and fair view of the stale of affairs of the company as at the end of the finanaal year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise CoMY with the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to the company. These financial statements have been prepared in accordance wilh the provisions applicable to companies subject to the small companies regime. The ac¢ounts were ap[Ved by the Trusteos on .. . ... Mrs L Butters Trustee Mrs T Deakin Trust•• Company Raglstrallon No. 06355391
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 Accountlng pollcles Charty information opdock & Washbrook PTeschool is a private company limited by guarantee incorporated in England and Wales. The registered office is Pheasant Rise. Copdock. Ipswich. Suffolk, IP8 3LF. 1.1 Accounting eonvention The financial statements have been prepared in accordance with the chariws Igoverning documenll, the Companies Act 20C6 and 'Accounting and Reporting by Charities." Statement of Recommended Practice applbcable to charities preparing their accounts in acu)rdance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" las amended for ac¢ounling periods commencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charty has tsken a(fv8ntage of the provisioN8 in the SORP for charities applying FRS 102 Update Bullelln 1 not lo oreoare a Slalement of Cash FSows. The financial stat•mènts are prgpared in stefling, whth 15 the fvnctional c#Jrrency ofthe charity. Monetary amounts in these financial slalements are rounded to the nearest £. Th8 financial ststsments have been prepared underthe hi8torical cost ujnvention, mdTfied to include the revaluation of freehold properties and to indude investment properties and certain financial instruments at fair value. The principd accounting pcdicies adopted are sel out b81ow. 1.2 Going concern At the timè of approvrng the acccNJnts. the trustees have a reasonable expeclalion that the charity has 8dequale resources lo continue in operational e$tenCe for the foreseeable future. Thus the thjstees Gontinue lo adopt the going concem b8Si8 of ac¢cNJnting in preparing the aGO)unts. 1.3 Charitable funds Unrestricted funds are available for use at the di8crelion of the trustees in lurthernnce of Iheir charitable objectives unless the fvjnds have been dèsignated for other purposes. Restricted funds are subject to specffj conditions by donors a5 to how they may be used. The purposes and uses of the restricted fijnds are set out in the notes to the finaal ststements. En(Jowmenl furbjs ar¢ Sublt to specffic condluons ty donors that the capital must be maintained by the charity. 1.4 Incomlng resources Income is recognised when the chartty 15 le9alty entitted to it after any P8rformance conditions have been met, the amounts can be measured relbabty, and it is probable that 1me will be received. Cash donations arè rècognIs on r1P1. Other donations are recognised oncè thè Charity ha$ bogn notified of the don00ft, unless perfomance condrtions requi defeal of the amount. Income tsx recoverable in relation lo donations recenied under Grfl Aid or deeds of covenant is re(x)gnised at the time of the donation. Tumover is rneasured at the fair value of the conderatiOn re(sived or receivab and represents amounts receivable for goods and servi¢e$ provkled in the norn1 course of business. nèt of discounts, VAT and other sales related taxes.
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Accountlng pollcl¢$ 1.5 R9$0urcgs oxpendod Expenditure is recogni8ed once there 1$ 8 legal or construthe obligation lo make a payment lo a third P8rty, it Is Probabl& that seW&ment will be requi and the amount of the obligation can be measured reliably. 1.6 Tanglbl• fixgd ass•ts Tangible fixed assets are initially measured at cost and SubsUenty measured at C051 or valuation, nel of depreciation and any impairment kjsses. Depreuation is recognised so as to write off the cost or valuation of assets less their residual values over their ustrfvjl lives on the following bases." Plant aThJ equipment 25% reduung balance Th8 gain or10ss arising on the disposal of an 88sel is determined as Ihe rfferen been the sale proceeds and the carrying value of the asset. and is regnised in net inwmel{expendilurel for the year. 1.7 Impalnnent of fixed ass•ts Al each reporting end date. the charty rewews the carying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impaimnl Ios5. If any such inds¢alion exists, the recoverable amount of the assel is esbmaled in orderto determine Ihe extent of the impaim)8nt loss lif any). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects Current market assessments of the lime value of money and thè risks specffic to the asset for which the estimates of future cash flows have not been adjust9(1. the recoverable amount of an asset is estimated to bè less than its carrying amount, the carrying amount of the asset is reduced lo its recnverable amount. An impairnient loss is re(x)gnised immediately in incomellexpenditure forthe year. unless the relevant asset c8rrwl al a rev81ued amount. in which case the impairmwit loss is tr8ated as a revalualK)n decrease. Recognised impairment kjsses a revetsed rf, afid rf, the reasons for the impairment loss have ceased lo apFAy. Where afi impairment loss subsequentty revèrses, the canwng amount of the asset is increased to the revised estimate of its recoverable amounl, but so that the increased carrying amount does not exceed the carrying amount that wouKI have Lwn determined had no impairment loss been recognised forthe asset in prior years. A reversal of an impairment loss is recognised imrnediately. unless the relevant asset is carried in al a revalued amoun( in case the reve81 of the impaimienl Ioss is trcagt•A rv&liia+irtn inpraao• 1.8 Cash and ¢ash equlvalents Cash and cash equwalents include cash in hand. deposits held at call with banks, other short-tarm liquid investments with original matUr0S of three months or kss. and bank overdrafts. Bank overdrafts a shown within borrowin9s in current liabilities.
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 A¢¢ountlng pollcks 1.9 Finan¢ial Instrumènts The charty has elected to appty Ihe provisions of Sedion 11 'Basic Financial Instruments. and Section 12 ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Flnancial instruments are recognised in the charitys balanc& sheet when the charity beeomes party lo the contractual provisions of the instrument. Financial assets and 1k4bi1ilS are offset. with the netamounts presented in the financial statements, when ther8 is a legally enfoable right to sel off the reco9nisèd amounts and there 1$ an intention to settle on 8 net basis or to rÈ81ise the assèt and setje the liabilitv $imutianeouslv. Basi¢ flnan¢lal assets Basic financial assèts, which incbJ& debt(Ms and cash and bank balances. aw initially measured at transactson price including transaction costs and are subsequently carried at amortised cost using the effective interest methTrJ unless Ihe affangement ¢x)nstitutes a financing trdnsaction, wherè the transaction is measured at the present value of the fulure receipts discLJunled at a market rate of interest. Flnanclal assets dasstfted as receNabb wrthin on8 year are not arnortised. 8asl¢ flnancial Ilablllues Basic financial liabilities, including Creditors and bank loans are initialty iecognised al transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is rneasured al the present value of the future payments discounted at a market rale of interesL Finanaal liabiltties classified as payable within one year are not amortiswl. Debt inslTuments are sutequently carried at amortised c3)st. LFsing the effedive interest rate melhod. Trade creditors are obligions lo pay foi goods or services that h8ve been acquired in the ordinary course of operations from suppliers. Amounts payable are classrfd as wrrenl liabilities rf payment is due wthin one year or less. If not, they are presented as noll-current liabilities. Trade creditors a recognised inilsally at transaction Drice and subseouenv measured at amorbsed cc6t usina the èffective interest mèthod. Dere¢ognition of financial liabilities Financial liabilities are derecogni5ed when the chariVs contrlual obl¥ations ewre or are discharged or cancelled. 1.10 Employee beneflts The co$1 of any unused holiday entitlement is racognised in the peri&Y in which the employ*'s s&rvTrce8 are rècèivèd. Temiinab"on bgnefits are recognised immediatdy as an expense when the charty is demonstrably committed to terminatè the empbyment of an employee or to providè tarmination beneffts. 1.11 R•tirgm8nt beneffts Payments lo defined ntribUtIOn ret1ment benefft schemes are charged as an expense as Ihey fall due.
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 rltlcal ac¢ountlng estlmat•s and Judgements In the application of tha charity's accounting p18$, the tru$toes a required lo make judgements, eslimales and assumptions atxjut the carrying amount ofassets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical èxperiènce and other factors that are considered to be relevant. Actual resulls may drffer from these estimates. The estimates and underfying assumptions are rewew¢d on an ongoing basis. RevisKJns to accounting estimates are recognised in the perNJd in which thè estimate is revised where the revisson affects only that period, or in the period of the revision and futu periods where the rewsion affects both current and futurè periods. Other trading activities Unr•$trl¢ted funds Total 2021 2020 FurraIsIng events Trading 8ctiwty income.. other 333 264 Other trading activitses Inv•stmonts Unrostrlctod funds Total 2021 2020 Interest receivable 83
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Charltable actÉvities 2021 2020 Staff costs Depreciation and impairment Food & drink Books & wnsumables R$pairs & maintenance Outings Rates, water INJhl & heat Telephone Travel costs Insurance Postage & stationery Course & registration fags Cleaning Sundries Bad Debt Written Off 72,301 767 1.286 408 682 88,130 1191 1.446 786 3571 185 1.925 696 597 1,358 418 263 275 1.588 529 1,823 626 399 1,024 22 1255 80,593 102.958 Share of govemance costs (see nole 6) 180 247 80.773 103.205 Support costs SypportGovernan¢e costs 2021 2020 Data protection & domain name 180 40 247 40 247 Analysed beiween Charitable activit 40 247 Trustees None of the trustees lor any persons connected wRh them) received any remuneration or benefits from the charity during the year. 10-
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2021 Employa Number of employeès The average monthty number of employees during the year was.. 2021 Numbèr 2020 Number Adminislration Care staff Employm•nt costs 2021 2020 Wages and $8larie¥ Other pension costs 74.146 747 74.540 750 74.893 75,290 There were no employees whose annual remuneration was £60,000 or more. Tanglblè fixed assets Plant and equlpment Cost Al 1 SeplembeT 2020 Additions Disposals 23.759 1690 At 31 August 2021 25.449 D•pr•¢iation and impaSmi&nt At 1 September 2020 Depreciation charge(i in the year Eliminated in r8SPeCt ol disposals 21,995 767 Al 31 August 2021 22,762 Carrying amount Al 31 August 2021 2,687 Al 31 August 2020 1,764 11
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 10 Financial Instruments 2021 2020 Carying amount of financial assets Debt instruments measured at am(¥ttsed cost 956 Carrylng amount of financlal Ilabilities Measured at amortised cost 9,353 11 Dèbtors 2021 2020 Amounts lalling due within on• year. Trade debtors Prepaymerts and accrugj inccmne 1549 956 348 1,304 12 Cr•dltors: amounts falllng due within one year 2021 2020 Accruals and deferred income 600 21,596 13 Related party transactlons There were no disdosable related paty transactions during the year12021- nt>ne). 12-