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2020-08-31-accounts

Charity registration number: 1023558

Bledlow Pre-School

Annual Report and Financial Statements for the Year Ended 31 August 2020

Bledlow Pre-School

Contents

Reference and Administrative Details 1
Statement ofTrustees' Responsibilities 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
NotestotheFinancialStatements 6to11

Bledlow Pre-School

Reference and Administrative Details

Chairman

Sabina Malik

Trustees

Sabina Malik

Patricia Goodfellow Clare Wiseman-Clarke Alice Robinson

Victoria White

Principal Office

Charity Registration Number

Blediow Village Hall Chinnor Road Bledlow Bucks HP27 9QF 1023558

Independent Examiner

Chimes Accountancy Services Ltd

Page 1

Bledlow Pre-School

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 8 March 2021 and signed on its behalf by:

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ae a
Chairman and Trustee
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Page 2

Bledlow Pre-School

Independent Examiner's Report to the trustees of Bledlow Pre-School

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 4 to 11.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Bledlow Pre-School you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the Bledlow Pre-School's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Bledlow Pre-School as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Gy,
Mariflo
FCCA
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8 March 2021

Page 3

Bledlow Pre-School

Statement of Financial Activities for the Year Ended 31 August 2020

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total2020|Total2019| |Note|£|£|£| |Income|and|Endowments|from:| |Donations|and|legacies|3,796|3,796|1,393| |Charitable|activities|56,616|56,616|62,828| |Investment|income|4|38|38|45| |Total|income|60,450|60,450|64,266| |Expenditure|on:| |Raising|funds|(283)|(283)|3| |Charitable|activities|(57,893)|(57,893)|(61,866)| |Total|expenditure|(58,176)|(58,176)|(61,866)| |Net|movement|in|funds|2,274|2,274|2,400| |Reconciliation|of funds| |Total|funds|brought|forward|35,616|35,616|33,216| |Total funds|carried|forward|11|37,890|37,890|—__35,616|

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All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 11.

The notes on pages6 to 11 form an integral part of these financial statements. Page 4

Bledlow Pre-School

(Registration number: 1023558) Balance Sheet as at 31 August 2020

2020 2019
Note £ £
Current assets
Cash at bank and in hand 9 45,042 41,021
Creditors: Amounts falling duewithin oneyear 10 (7,182) (5,405)
Net assets 37,890 35,616
Funds of the charity:
Unrestricted income funds
Unrestricted funds 37,890 35,616
Totalfunds 11 37,890 35,616

The financial statements on pages 4 to 11 were approved by the trustees, and authorised for issue on 8 March 2021 and signed on their behalf by:

San a aa Chairman and Trustee

The notes on pages 6 to 11 form an integral part of these financial statements. Page 5

Bledlow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

1 Accounting policies

Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Bledlow Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as @ going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Page 6

Blediow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Page 7

Bledlow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

2 Income from donations and legacies

Unrestricted
funds Total
General funds
£ £
Donations and legacies;
Donations from individuals 3,796 3,796
Total for 2020 3,796 3,796
Totalfor2019 1,393 1,393

3 Income from charitable activities

4 Investment income

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Unrestricted
funds Total
General funds
£ £
Interest receivable and similar income;
Interest receivable on bank deposits 38 38
Total for 2020 38 38
Total for 2019 45 45
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5 Expenditure on raising funds

a) Costs of generating donations and legacies

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Unrestricted
funds Total
General funds
Note £ £
Donations 283 283
Total for 2020 <5 __ 283
Total
Direct costs costs
£ £
Costs of generating donations and legacies 283 283
Total for 2020 __283 ____ 283
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Page 8

Bledlow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

6 Expenditure on charitable activities

Unrestricted
funds Total
General funds
Note £ £
56,833 56,833
Allocated support costs 970 970
Governance costs 90 90
Total for2020 57,893 57,893
Total for 2019 61,866 61,866
Total
expenditure
£

7 Analysis of governance and support costs

Governance costs

Unrestricted
funds Total
General funds
£ £
Audit fees
Otherfees paid to auditors 90 90
Total for2020 ee
OLLs
Totalfor2019 ee

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Page 9
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Bledlow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

9 Cash and cash equivalents
2020 2019
£ £
Cash at bank 45,042 41,021
10 Creditors: amounts falling due within one year
2020 2019
£ £
Other creditors 1,152 5,405
11 Funds
Balance at 1
September Incoming Resources Balance at 31
2019 resources expended August 2020
£ £ £ £
Unrestricted funds
General 35,616 60,167 (57,893) 37,890
Balance at 1
September Incoming Resources Balance at 31
2018 resources expended August 2019
£ £ £ £
Unrestricted funds
General 33,216 64,266 (61,866) 35,616

Page 10

Bledlow Pre-School

Notes to the Financial Statements for the Year Ended 31 August 2020

12 Analysis of net assets between funds

12 Analysis of net assetsassets between funds
Unrestricted Total funds
funds at 31 August
General 2020
£ £
Current assets 45,042 45,042
Current liabilities (7,152) (7,152)
Total net assets 37,890 37,890
Unrestricted Total funds
funds at 31 August
General 2019
£ £
Current assets 41,021 41,021
Current liabilities (5,405) (5,405)
Totalnetassets 35,616 35,616

13 Analysis of net funds

13 Analysis of net funds
At 1
September At 31 August
2019 2020
£ £
Cash at bank and in hand 41,021 41,021
Net debt 41,021 41,021
At 1
September Financing At 31 August
2018 cash flows 2019
£ £ £
Cash at bank and in hand 41,021 561 41,582
Netdebt 41,021 561 41,582

Page 11

Bledlow Pre-School

Statement of Financial Activities by fund for the Year Ended 31 August 2020

Total Total
Unrestricted Unrestricted
Funds Funds
2020 2019
£ £
Income and Endowments from:
Donations and legacies 3,796 1,393
Charitable activities 56,616 62,828
Investment income 38 45
Total income 60,450 64,266
Expenditure on:
Raising funds (283) -
Charitable activities (57,893) (61,866)
Total expenditure (58,176) (61,866)
Net income 2,274 2,400
Net movement in funds 2,274 2,400
Reconciliation offunds
Total funds brought forward 35,616 33,216
Totalfundscarriedforward 37,890 35,616

This page does not form part of the statutory financial statements. Page 12

Bledlow Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 August 2020

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|||||||| |---|---|---|---|---|---|---| |Total|Total| |2020|2019| |£|£| |Income|and|Endowments|from:| |Donations|and|legacies|(analysed|below)|3,796|1,393| |Charitable|activities|(analysed|below)|56,616|62,828| |Investment|income|(analysed|below)|38|45| |Total|income|60,450|64,266| |Expenditure|on:| |Raising|funds|(analysed|below)|(283)|-| |Charitable|activities|(analysed|below)|(57,893)|(61,866)| |Total|expenditure|(58,176)|(61,866)| |Net|income|2,274|2,400| |Net|movement|in|funds|2,274|2,400| |Reconciliation|of funds| |Total|funds|brought|forward|35,616|33,216| |Total funds|carried|forward|—_37,890|— 35,616|

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This page does not form part of the statutory financial statements. Page 13

Bledlow Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 August 2020

Total Total
2020 2019
£ £
Donations andlegacies
Appeals and donations 2,197 1,393
Fundraising income 1,599 -
3,796 1,393
Charitable activities
Funding &fees 56,088 62,603
Other income 528 225
56,616 62,828
Investment income
Interest on cash deposits 38 45
38 45
Raising funds
Fundraising costs 283 =
283 -
Charitable activities
Wages and salaries 45,796 48,666
Stafftraining 579 -
Premises costs 6,160 7,730
Consumables 646 2,912
Equipment 693 -
Administration expenses 746 2,468
Sundry expenses 2,213 -
Insurance 970 -
Accountancy fees 90 90
57,893 61,866

This page does not form part of the statutory financial statements. Page 14