2023-04-05-accounts - Luxulyan Preschool

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Trustees’ Annual Report for the period From: 06 April 2022 to: 05 April 2023 Charity name: Luxulyan Preschool Charity registration number: 1023065

From: 06 April 2022 to: 05 April 2023 Charity name: Luxulyan Preschool Charity registration number: 1023065

Objectives and Activities Summary of the purposes of the charity as set out in its governing document	To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children throughcommunity groups
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Luxulyan Preschool is a purpose-built preschool setting within Luxulyan village hall offering professional and quality childcare in Early Childhood Education for 2–5-year- olds. We are a committee run charity, regulated by Ofsted, during the financial year of April 2022 – April 2023 the preschool employed three qualified members of staff, offering term time childcare, following the EYFS. We offer childcare provision for preschool age children from the local community, including fully funded places for 2-, 3- and 4- year-olds, via Cornwall County Council funding, and non-funded /paid sessions at £9.00per session. The preschool can take up to 18 children in any one session. Sessions run Mon- Fri morning (9am- 12noon) and afternoon (12noon-3pm) The preschool offers breakfast club, running from 8-9am. The preschool building is leased from the village hall and is purpose built, including enclosed outside area, allowing free-flow play, in a safe environment, where we can encourage children to learn and develop through play. he preschool has a good working relationship with the local primary school, where the majority of children attending preschool progress onto, and through this relationship the preschool is able to assist withtheirtransition into primary school.


Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	The financial year April 2022– 2023 saw an increase in turnover from the previous year due to additional children. The Pre-school made a commitment to improve the situation during the 2021-2022 financial year where it relied heavily on temporary staff and agency workers to cover working days. We conducted a recruitment drive to hire full time staff. The full time employment of a nursery assistant has reduced fees and expenses for temporary staff members. Some children received the 2-year-old funding, others the 3–4-year-old funding and some were paid sessions. The number of children on the books has fluctuated throughout the financial year reaching 27 children registered with the preschool by the end of the year. The Preschool were able to re-invest in the building and have replaced the toilets and bathroom facilities at a cost of £10,000. A small amount of fundraising helped pay towards these expenses.

Summary of the main achievements of the
charity, identifying the difference the
charity’s work has made to the
circumstances of its beneficiaries and any
wider benefits to society as a whole.

The financial year April 2022– 2023 saw an
increase in turnover from the previous year
due to additional children. The Pre-school
made a commitment to improve the situation
during the 2021-2022 financial year where it
relied heavily on temporary staff and agency
workers to cover working days. We
conducted a recruitment drive to hire full
time staff. The full time employment of a
nursery assistant has reduced fees and
expenses for temporary staff members.
Some children received the 2-year-old
funding, others the 3–4-year-old funding and
some were paid sessions. The number of
children on the books has fluctuated
throughout the financial year reaching 27
children registered with the preschool by the
end of the year.
The Preschool were able to re-invest in the
building and have replaced the toilets and
bathroom facilities at a cost of £10,000.
A small amount of fundraising helped pay
towards these expenses.


Financial ReviewReview of the charity’s financial position at the end of the period
Statement explaining the policy for holding reserves stating why they are held	Reserves will be kept to a reasonable level, with sufficient funds as a contingency. If reserves begin to exceed this amount, then further investment to improve the facilities available at Luxulyan preschool would be considered.


Structure, Governance and ManagementDescription of charity’s trusts:
Type ofgoverning document	Constitution
How is the charity constituted?	Committee run association
Trustee selection methods including details of any constitutional provisions e.g., election to post or name of any person or body entitled to appoint one or more trustees	Elected by committee


Reference and Administrative detailsCharityname	Luxulyan Preschool
Other name the charity uses
Registered charitynumber	1023065


Charity’s principal address	Luxulyan Preschool Luxulyan Village Hall St Cyriac Bodmin Cornwall
Postcode	PL30 5QA


Names of the charity trustees who manage the charity
Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1	MrsMichaelaLinfoot	Chair
2	Mrs AbbyGolley	Secretary
3	Mrs Lisa White	Treasurer
4	Mrs Eva Penrose	Committee member
5	Mrs JudyKosh	Committee member
6	Mrs VickyFahey	Vice Treasurer


Funds held as custodian trustees on behalf of othersDescription of the assetsheldinthis capacity	NA
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodiancharity’s objects	NA
Details of arrangements for safe custody and segregation of such assets from the charity’s ownassets	NA

Name of chief executive or names of senior staff members (Optional information)

Stephanie Apostolou (Preschool Manager)

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Registered number.. 1023065 LUXULYAN PRE-SCHOOL DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 JAMES BENDREY 4=llJl,.TA LT-, lames Bendrey Attountants Ltd Boscawen Park St Dennis st Austell Cornwall PL26 8DT

LUXULYAN PRE-SCHOOL Director's Report and Unaudited Financial Statements For The Year Ended 5 April 2023 Contents Page Cornpany Inforrnation Dlrector's Report Accountant's Report Income and Expenditure Account Balance Sheet Notes to the Financial Statement5 The following pages do not form part of the statutory accounts.. Detailed Income and Expenditure Account

LUXULYAN PRE-SCHOOL Company Information For The Year Ended 5 April 2023 Director LISA WHITE Company Number 1023065 Registered Office LUXULYAN VILLAGE HALL ST CYRIAC BODMIN CORNWALL PL30 5QA Accountants James Bendrey Accountants Ltd Boscawen Park St Dennis st Austell Cornwall PL26 8DT Page I

LUXULYAN PRE-SCHOOL Company No. 1023065 Director's Report For The Year Ended 5 April 2023 The dlrector presents her report and the financlal statements for the year ended 5 Ap1 2023. Directors The Tre5urer who held office during the year were as follow5.. Mrs L White statement of DTrertor's Re$ponslbllltles The tresurer responsible for preparing the Director's Report and the financial statements in accordance with applicable law nd regulation5. Company law requlres the tresurer to prepare financlal statements for each flnanclal year. Under that law the elected tresurer is to prepare the financial statements in accordance wilh United Kingdom Generally Accepted Accounting Practice United Kingdom Accounting Standards and applicable lawl. Under company law the tresurer must not approve the financial statements unless they are satisfied that they glve a true and falr vlew of the state of affalrs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the tresurer is required to.. • select suitable accounting policies and then apply them consistentlyi make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate 3ccounting records that a sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable thern to ern$u that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Small Company Rule$ Thls report has been prepared In accordance with the special provlslons relatlng to companles subject to the small companies regirne within Part 15 of the Companies Act 2006. On behalf of the board Mrs LISA WHITE Dirertor 2911112023 Page 2

LUXULYAN PRE-SCHOOL Accountant's Report For The Year Ended 5 April 2023 In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us. Thls report is ae to the In accordance with the terms of our engagernt. Our work has been undertaken to ppa for approv31 by the treSur the financial statements that we have been engaged to compile, to report to the tresurer that we have done so, and to State those matters that we have agreed to State to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other th3n the Company and the Company's tresurer for our work or for this report. You have acknowledged on the balance sheet as at year ended S April 2023 your duty to ensure that the company ha5 kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Art 2006. You consider that the cornpany is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or Informatlon and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Slgned 2911112023 James Bendrey Accountants Ltd Boscawen Park st Dennis St Austell Comwall PL26 8DT Page 3

LUXULYAN PRE-SCHOOL Income and Expenditure Account For The Year Ended 5 April 2023 2023 2022 Notes TURNOVER 82.390 77,221 GROSS SURPLUS 82,390 77,221 Administrative expenses 165,7951 173,5081 OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR 16,595 3,713 The notes on page 6 forrn part of these financial statements. Page 4

LUXULYAN PRE-SCHOOL Balance Sheet As At 5 April 2023 2023 2022 Notes CURRENT ASSETS Cash at bank and In hand 70,788 53,893 70,788 53,893 Credltors: Amounts Falllng Due Wlthln One Year 13001 NET CURRENT ASSETS (LIABILITIES) 70,488 53,893 TOTAL AsseTS LESS CURRENT LIABILITIES 70,488 53,893 NET ASSErs 70,488 53,893 Income and Expenditure Account 70,488 53,893 MEMBERS, FUNDS 70,488 53,893 For the year ending 5 April 2023 the company was entitled to exemption fmm audit under section 477 of the Companies Act 2006 relating to small companies. The member has not reouired the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The dlrector acknowledges her r&sponslbllltles for complylng with the requirements of the Act wlth respect to accountlng records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subjett to the srnall companies, regime. On behalf of the board Mrs LISA WHITE D1clO 2911112023 The notes on p3ge 6 form part of these fin3nci31 statements. Page 5

LUXULYAN PRE-SCHOOL Notes to the Financial Statements For The Year Ended 5 April 2023 l. General Information LUXULYAN PRE-SCHOOL is a private company, Ilmited by gUarntee, incorporated In England & Wales, reglstered number 1023065. The registered office is LUXULYAN VILLAGE HALL, ST CYRIAC, BODMIN, COFiNWALL, PL30 5QA. 2. Accounting Policies 2.1. Ba$1$ of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section IA Small Entities The Financial Reporting Standard applicable in the UK and Republic of Iland. and the Companles Act 2006. 2.2. Turnover Turnover Is measured at the fair value of the consideration received or receiv3ble, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other simllar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the good5 has transferred to the buyer. Thls Is usually at the point that the customer has signed for the ¢ellvery of the goods. Renderlng of $ervlce$ Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparlng the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. 3. Average Number of Employees Average number of employees, Includlng dlrectors, durSng the year was.. 3 12022.. 51 4. Creditors: Amounts Falling Due Within One Year 2023 2022 Accruals and deferred income 300 300 Company limited by guarantee The company is limited by guarantee and has no Sha capital. Every member of the company undertakes to contribute to the assets of the companyi in the event of a winding Upi such an amount as may be required not exceeding £1. Page 6

LUXULYAN PRE-SCHOOL Detailed Income and Expenditure Account For The Year Ended 5 April 2023 2023 2022 TURNOVER Fees Bank Deposits CC Funding 11,037 641 16,253 703 70,712 60,265 82,390 82,390 77,221 77,221 GROSS SURPLUS Admlnlstratlve Expenses Wages and salaries Recruitment Costs Protective clothing Rent Repairs, renewals and maintenarice Insurance Printing, postage and stationery Pension Contributions 50,788 40,502 4,920 108 5,100 12,380 433 268 1.727 103 5,100 573 720 871 2,461 1,234 977 Agency wages Telecommunlcations and data costs Accountancy fees Professional fees H M Revenue & Custom5 Payroll fees AdministTrtion Training l DBS Teaching Resources Food Gifts 878 729 471 506 200 3,588 98 298 530 926 682 1.264 128 665 75 165.7951 173,5081 OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR 16,595 3,713 Page 7