Charity Registration No. 1020844 Company R•ylstratlon No. 06355391 IEngland and Wale$l COPDOCK & WASHBROOK PRESCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
COPDOCK & WASHBROOK PRESCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Mrs L Buttw Mrs T Deakin Mrs A Wilden Secretary Mr5 T Deakin Charty number 1020844 Company nurnbor 06355391 Prfnclpal address Pheasant RB8 Ipswich SLtffolk IP8 3LF Registerèd offieè Phèasant R8 Ipswch Suttclk IP8 3LF
COPDOCK & WASHBROOK PRESCHOOL CONTENTS Trust8&s rèp(*t Independent examinerfs re1 Statamant of financial aclwrt Balance sheet Note5 to the financial stat¢[ts 6-12
COPDOCK & WASHBROOK PRESCHOOL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2022 The Iruslees present their report and financial stalements for Ihe year ended 31 ALWSI 2022. The financ¢al statements have boan ppar in aceonl8nc8 Wrth the acLK)unting POA19$ Set out in note 1 to the financial ststements and comply the thariws Igoveming doGumenll. the Companie5 Act 2006 and "Accounting and Reporting by Ch8ribes.' Statement of Recommended Practice applicable to chants.es preparing thair accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amevthd for accwnting penods commenung from 1 Jan4Jary 20161 Objectfves and actTrvtties The charty's objects are lo prowde a rKh nurttjring en¥ironmenl for young chiklren to grty, develop and Toach thair lull potential. W8 aim to provide care and edU110n for all thildren. The charity provldes preschool education for 2 to 5 year olds and WTap around care for school aged chlldren. We aim to support famslies by providing 8 safe. enjoyatje and place to send their childre¥) whilst tY are al wort. The trustees have paid due regard to guhJan¢e issued by the Chanty CommissKJn in deciding what actiwties Gharity should undertake. The setting provKles a range of activib"e5 whh indude parents and frsends. These offer fund raising opportunib'es for tha wtbng and 8159 8llow us to raise rnoney lo support other good causes, helping ¢hildfen to understand Other children's INes. Achlwèm•nts and pèrfornian¢e This year, as always we have supported many childr6n and famli ies proding a safe. nurturing environment whèr• thtry can learn. have fun and get along others. The skills learnt at Prescho will hetp childrèn throughout their lfves. We hava supported thildren in thr transrtions to new settings, erfher starting at PriTn8ry sthool or sewing at PresGhwl which 15 foT rnany children and families th8 first tim8 they have b8en away from home or fami Our Preschool has been iwsy vAlh inueasing numbers aThJ oul wrap around care (x)nlinues to grow In numbers. We had sgveral su$sh$1 events for chihjren and familias throug1Ut tho ygar. aspècially In Spring 8nd Summef lerni as covid reguLations and wtriGtiofts trased. An Outdoor Easter Egg Hunt and activitses N)mIrg was held. Childrèn has the opportunty to plant Seeds and watch their sunlowers grow through the beauttfijl Summer. To celebrate the Queen's Plat#ium Jubilee we held a Jubilee Picn for famils. This was well attended th games. actwities. and races. The children had l&amt a song for ttie Jubile• which wé parformed for the parents. To finSsh the schotsl t•m we had OLrtdoor disco for the Presthool which wa8 a greal 8uccess despite the very wami weather.
COPDOCK & WASHBROOK PRESCHOOL TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2022 Financial review This yearwe have again experienced a thange in our Trncome arHI expenditure. Income received from grants, including fijnded children has Ilecreased. bLrt that from fees has slightty increased especially from the Wrap around care. It is the policy ol the charity that unrestricted funds which have not tn designated for a specific use shoLJld tie mainkined at a level equivalent to between six and twelve month's expendtture. The twstees considers that reserves al Ihis level will ensure that, in the event of 8 signtficant drop In funding. they will be able lo The trustees have assessed the major risks to which Ihe charity is exrthed. arnl are satisfied that systems are in place to M9ate exposure to th8 major risks. Our Committa8 workad hard to organise fijnd raising events throughout the year, EMInating with a joint Summer Fete hehl al the Villaqe H1. Stwcturè, gov•manc• and managèment The charity is a company limrted by gUaTant*e Irned by ts memorandum and arb.cles of a$$ociaty'on dated 29 August 2007. It ts registgrèd as a charity wth th8 Charity Commtssion. The trustees. who a also thè dirèctors for thè purrx3se of company Saw. and who Serv during the year and up to the date of Signatu of the financial ststernents were.. Mrs L Butters Mrs T Dèakin MTS A Wilden None of the trustees has any ban9fiGi81 interest in the company. Al of the truslees are members of the company and guarantee to contribute £1 in the event of a winding up. Thè trustees has assessed the major risks lo which the charity is exposed, and are satisfied that systèms are in place lo rnf(igate exposure to the major risks. The trustees rep)rt was approved by the Boaid of Twslees. Mrs T A Deakin Trustee Dated..
COPDOCK & WASHBROOK PRESCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPDOCK & WASHBROOK PRESCHOOL I report to the tnjslees on my examination of the financk31 statem8nts of Copdock & Washbrook Pfgschool {the ¢harityl for the year erwjed 31 Au9U2bt 2021. Responslbllftles and basrs of report the tru5t885 of the charty land also ts directots forthe purposes of company law} you are responsible for the preparation of financial statements in accordance wrth the requiremants of th8 Companies Act 2006 (the 2(X)6 Act). Having satisfied rny89ir that the financial statements of the eharty are not required to be auditeil under Part 16 of the 21i06 Acl and arts eligib18 for independ8nl examinatn, I report in respect of my 9xaminatn of the chartty's finanaal statements carried out under section 145 of the Chariti'es Act 2011 Ilhe 2011 Act). In carrying out my examination I have followed all the appts"cable Direcb"ons given by the Charity Commission under section 145(5llbl of tho 2011 A¢L Independent examinerf$ statement I have compteted my examinab"on. I confirm that no matters have co1 to my altentK)n in ccfflnection wtth thg examSnalk)n giving me cause to beIve that in any malertal pect.. accountlng records were not kept in respecl of the charity as reqUId by se¢tson 366 of the 2006 Act," or the finawal Staterrnts do not accord wth those Tecords.. or the financial stalernents do not comply with the aCnting quIrernents of section 396 of the 2006 Act other than any r&]uirement that the aOunts gNe a true and fair view which is not a rnatter considered as part of an independent ex8mination'. or the financial statements have not propared in accordance with the methods 8fKI prtnciples ofthe Statement of Recommended Prathe for accounting and reporting by charitias appIabl& to charities praparing th8ir accounts in accordanee v*ith Ihe Fin8ncial R8porling Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have ujme across no other matters in connectN)n wth the exarninalion to which attention should be drawn in this port in order lo enable # Proper understanding of the financial 818t¥ments lo be reached. Dated.. 1 5.13
COPDOCK & WASHBROOK PRESCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Unrèstri¢ted fund$ 2021 Total 2021 Notes Income from: Charitable aclm1s Grants Fees Received After school fees Out of School fees Breakfast dkjb fees Other trading actmties Investments 57.586 4.890 7.826 4.145 1.500 409 76,729 4.591 8,218 2,367 3,014 333 Total incomo 76.357 95,252 •ndltLtré o Charitablè activit$ 79.937 80,773 Net Income for the y•arl Net movement In funds 13.581} 14,479 Fund balances at 1 September 2021 86.867 72,388 Fund balancas at 31 August 2022 83.286 86.867 The ststemenl of financial activities indudas all galns and kne5 reci*Jnised in the year. Al Income and expendfjre detive from continuing activtb88. The statement offinancial aCtiwtS also ComplS wth the requirements foran income and expendrture a(uunt under the Companw kt 20C6.
COPDOCK & WASHBROOK PRESCHOOL BALANCE SHEET AS A T31 AUGUST2022 2022 2021 Noto5 Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 1.920 2.687 11 1.549 83.232 81.967 81.967 84,781 Cr4dltors: amaunts falllng due within one y•ar 12 {6001 {6001 Net ¢urrenl assets 83.286 86,867 Total assets $$ eurrènt liabilities 83.286 86,867 Incom• funds Unrestricied fvnds 83.286 86.867 83.286 86,867 Tha company is enb.lled to the exemption from thè audit requirement conlained in section 477 ofth? Companies Act 2006, for the year ended 31 August 2019. No mernber of the company has deposited a Th)tice, pursuant lo strction 476, requiring an audit of these finanoal ststements. The tnjslees acnovAedge their Tespon5ibilrties for Sung that the charity keeps accounting records whlch compty with section 386 of the Act and for preparing finanaal statements which give a Iiue and fair vièw of the slate of affairs of the company as at the end of the finanaal year and of its inwming resources and application ol rèsources, including its inc4Me and expendrture. for the fin8nryal year in aOrdanCe with the r8quirements of sections 394 395 and whiGh otheiSe compty with Ihe requiremgnts ofthe Companies Act 2006 rejating to flnancial staiernents. 80 far as aDplicaUe to tr company. These financial stat8m8nts have been prepared in accordanc8 wlth lh8 provisK)ns applicable to companles subjeet to the $m811 companies re9srne. The accounts were approved by the Trustees on .... ...... Mrs L BL*tters Trustèè Mrs T Deakin Trustee company Re9l$tratlon No. 06355391
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting pollcles Charlty Inforniation Copdock & Washbrook Preschool is 8 private comparby limileij by guarantee ineorporaled in Enoland and Wales. The règistered office 15 Pheasant Risè. Copdocl Ipswich. Suffoll IP8 3LF. 1.1 Accounting convention The financial ststernents have been prepared in accord8ncÈ wrylh the charivs tgoveming documentl. Ihe CompanEs Act 2006 and 'Accounting and Reporting by Charib"es". Statement of Recommended Pra¢li¢e applicab to chartties preparing their accounts in accorrlarKe wth the Financial Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021" la5 amended for accounting p8ri0ds commencing from 1 January 20161. The charity is a PUNIC Banèfft Entity as d8fined by FRS 102. Tho charity has iaken advantsge tsf the prowsions in the SORP for chanties applwng FRS 102 Update Bulletin 1 not to prepare a Staternenl of Cash Flows. The financial statements are prep¥ed in sterfing. vknkh Is the furtiOnal currency ofthe ¢hanty. Monetary amounts in these financial statèments are rounded to the nearest £. The financial statements have been prepared under the hi5kncal cx)st rJ)nvention, modthod to include the revaluatior5 of fr99hold properties and to include inveslrnent properbes and certain finanaal instrLtments at fair value. The principal accountin9 policies alopled are sel out beh)w. 1.2 Golng eoneèm At the time of approwng the accounts. the twstees have a reaSonale eXpectatn that the Charity has adequate Trsources to continue in operatsonal existence for the for&se8able future. Thus the trusta6$ continue to adopt the going con¢em basis of acwjnting in preparing the acwunis. 1.3 Charftable funds Unrastrided fund5 are avalable for usè 81 the diserètitin of the trustees in furtherance ol their charitable objedives unless ihe funds have been de$ignaled lor other purposes. Reslricled funds are sutyecl to Speryf conditions by donors as to how they may be used. The purposes 8nd uses of the restrrted lunds ar• sèt out in the notes to the financial statements. Endowment funds are subject to specific 1rith?ns by donors that Ihe capital must be maintained by the charity- 1A Incoming resources Income is recogniS when the Charity is ally entitkd to it after any rforManCe ttJThlitions have been met, the anM>unts can be MeasUd llabty, and li ts prob8ble th8t irwme will be recetved. Cash Llonalions are recojnised on TlpL Other don8th)ns are recognised once the ¢h8rity has been notifd of the donation, unlèsg pèrforrnan conditions requwe deferral ofthe amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of Govenant 15 recogni$gd at the time of the donation. Tumover 15 measured at the fair valua of the ¢onsider"on received or feceivable and rèpresents amounts receivable for goods and serwces prov¥Jed in the rw)ml course of business. net of dlscounts, VAT and other sales related taxes.
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 A¢¢ounting policies 1.5 R•source5 expended Expenditurè is recognised onca thero is 8 al or constructive obligation to make a payment to a third party. it is probable that sewement wll be required and Ihe amount of thè obligation can b& measured reliabty. 1.6 Tanglblo fix assets Tangible fixed assets ar6 inibally measured at cost Ènd subseqtlentty measured at co¥t or valuation. ngt of depreciation and any impaimienl losses. Depreaalion recognised so as to write off the cosl or valualion of assèts less thair residual values over their usefvl Iwes on followng bases". Plant and equlpment 25% reduciry balan( The gain or loss arising on the disposal of an asset 15 determined as the drfference be09n the sale preedS and the carrying value of the ass8L and ts [X)gl$ed in net incomellexpenditurel lor the year. 1.7 Impalmient ol fixed asset$ At each reporting end date, the charity rev the Calng amounts of ils tangible assets to detem)ine whèther there is any indication that those assets have suffèr8d an impalmt loss. If any such indication exists. the recove¥8ble amount of the asset is estimated in orderto delemine the extent of the impairment loss Irf any). Recoverable amount is the higher of fair value less costs to s811 and value in uso. In assessing value in Use. the eslimaled future cash ffows are diwunted to their present valuè using a pre-tax discount rale that retlects current market a$stS ofthe time value ofmoney and the risks specffjc to the asset for whKh the eskn"mates of fuiure cash Ilows have nol been adjusted. Iflhe recov8rabie amount of an asset is estim8te(I to be less than its carying amount. the carrying amount of the asset is leduced to tts rewverable aftut An impairmgnt 1055 is recognised imrn8diately in incomellexpet)diture for the year. unless the relevant asset is rrie<l at a revalued amount, in which case th8 impairment knss is treated as a revaluation decrease. Recognised impairment losses are reveed rf. and only rf. the reason5 IOT the impaimienl loss hav& ¢e8sed to appty. Wherè an impairn7ent loss subsequanuy reve. the carying amount of the asset is increased to the revised estimate of ris recoverable amounL but so that Ihe increased Gaiwng amount does not exceed the &grwng amount that would have been detemined had no impaimienl loss been recognised for the asset in pritiry88rs. A reversal of an impaiment loss is renised Immediately, unSS Ihe retevani asset is Carried in at a revalued amounc in vthi¢h case the reversal of thè impaient k)ss is 1A Cash and cash equiv8lents Cash and cash equivalents indude cash in hand, deposiis held at call wrth banks, other short-lem)1¥4uwJ investrnents wth original maturilie5 of three rrA)nths or $. atMI bank overdrafts. Bank ov&rdraft$ aro shown wrthin borrowings in currént liabilita8S_
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies 1.9 Fin#ncial instruments The charity has eleded to appty the provTr$$S of SectTron 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instrumerrts. Financial instruments are ¢09ft1$ed in the d)aWs balance sheet when Ihe Charity bMeS party to th8 contractual provisK>ns of thè instrument. Financial assets and liabilittes are offset. th the nel amounts presented in the financial statements. when there is a18g3lly enforceable right to set off the recognised amounis and thèrè is an intention to settle on 8 net b8$13 or to Tealise the asset and settle the lialit¥ simullaneouslv. 8asi¢ finan¢io1 ¥$$ets Basic financial assets. which include debtors and cash and bank balance5, are iniallY rneasured at transaction price including Iransaclion costs and a subsequenty carried at amortised cost using the effective interest method unless thè 3angemènl consbtLrtes a financing transaction, wherè the transaction is measurèd at thè present value of the fure receipts discounted at a markèt rate of inter8St. Financial assats classifie(l as recevable wlhin one year are not amortised. Basi¢ financial liabilitie5 Basic financial liabilitE5. including cr8diiors aThJ bank loans arè inthally rgcognised at transaction prica unless the aThangement constttutes a financing transaction. where the debt instrument is measured al the present value of the futu payments discounted at a markel rate ol interest Financial liabilities Classified as payable within one year are rt amtiSed. Dabt instruments are subsequently caffied at amtis0d cost, using thè èffective int8re$t rate method. Trade credllors are obllg8tions to pay for gcods OrserV that have a¢¥uFred in the ordinary cours8 of operatK>n5 frorn suppliers. Amounis payab are dassrfied as currenl liabilities rf payment is due within one yearor less. If not, they are presented as n(-cUrr&ftt liabiliiiès_ Trade creditors are recognised initi8lly at transaction Drice and subseauentfv mÈasvred al amortised cost usino the effective interest method_ Oerewgnition of financlal IlablllNes Financial liabililtes are derecognised when the charitys contractual obligatKins expre or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holJay entm6nt is reu)gnisad in the peri¢xl in bvhith the emph)yee's services are receNed. Tefmina'Dn benefits are re¢(NJnised immediawy as an expense when the charity is demonstraNy committed lo tgrminate the empkyment of an employee or to prowde terminab)n beneffts. 1.11 Retirement benefits Payments to defined Conlribulion retirBm8nt b8nefft schem85 are charged as an expanse as they fall due.
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Crltl¢al accounting estimates and judgements In the application of the ¢hariVs accounling pdides. the trustees are qLl1wed lo make judgements, estim8les and a5StJrnpb"ons atM)ul the carrying amounl olassèts and liabilities that are not readity apparent from other sources. The estimates and assttiated assumpb.ons are based on historical exp8ri8n¢g and other fadots that are considered to be relevant. Actual results may differ from these estimates. The eslimales and undedwng assumplions are reviewed on an orvJoing basis. ReonS to accounting estimates are recognised in the period in whith the esbmale ss rewsed where the revisirln affects only that period, or in the p8riod of the revtsion and fvture periods Whe the ¥1$ affects th current 8nd fvture o$riods. Oth•r trading activibes Unr•strictgd funds Total 2022 2021 FurKlraising events Trading activity in(x)rne.' olher 409 333 othor tr8ding acINit5 409 333 Investments UnrKtrlct•d fvnds Total 2022 2021 Interèst receiv8ble
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Charitable activities 2022 2021 staff sts Depreuation and impawment Food & drink Books & consumables Repairs & maintenance Outings Rates. water light & heat Tekphone Travel costs Insurani Posl8oe & stationery Course & reglsiratbn lees Cleaning Sundries Bad Debt Written Off 66,595 767 1.147 198 2,592 72.301 767 1,286 408 682 1,718 365 637 1,930 172 3,326 311 1,823 626 399 1,024 22 1,255 79,757 80,593 Share of g0Veman ¢osts Isee note 61 180 180 79,937 80.773 Support costs SupportGov•rnane• costs costs 2022 2021 Data protection & domain name 180 220 180 220 An8tysed beeen Charilable 40 Tru$t••s None of the trustees {or any persons connect1 wilh them) receNed any remunerat•)n or benefts from thè charity during the yèar. 10-
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Employogs Numbor of employ8•$ The average monthty number of 8mployees during the year was: 2022 Number 2021 Numbèr Administration Care stsff Employment costs 2022 2021 Wages and sèjaries Other pension costs 64,504 504 74,146 747 65.008 74,893 There weie no empbyees whose annual remuneration was £60.000 or more. Tanglble flxed assots Plant and equlpment Cost Al 1 September 2021 AddOn$ Disposals 25,449 At 31 AugLlSt 2022 25,449 Depreciation and impalrni•nt Al 1 September 2021 DepreciatKin charged in the year Eliminated in respect of d&srx)sals 22,762 767 At 31 August 2022 23,529 Carrylng amount At 31 August 2022 1,920 At 31 August 2021 2,687
COPDOCK & WASHBROOK PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 10 Flnancial instruments 2022 2021 Carrying amount of flnan¢lal ass•ts Debt instruments measured at amOrtiS u)sl Carrying amount of financlal Ilabllltl•s Mèasured al amorbsed cosl 11 Debtors 2022 2021 Amounts falling due wlthln on* r. Trade debtors Prsp8yrTlS and accrued income 1549 1,549 12 crlIr5. amounts falllng due wlthln on• ye•r 2022 2021 AccAu818 and deferred income 600 600 13 Related party tran5actsons There We no di5closat4e related paty transa¢bons during the year12022- none). 12-