WEMBDON SUNSHINERS PRE SCHOOL FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022
CONTENTS
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1 Reference and Administrative Details
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2-3 Report of the Management Committee 4 Report of the Independent Examiner 5 Statement of Financial Activities 6 Balance Sheet
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7-10 Notes to the Accounts
Registered Charity No. 1024051
Wembdon Sunshiners Pre School Reference & Administrative Details For the Year Ending 31 July 2022
The management committee serving during the year and since the year end were as follows:
| J Dodden | (Appointed 20 July 2012) |
|---|---|
| L Lewis | (Appointed 24 September 2018) |
| L Rogers (Chair) | (Appointed 22 September 2020) |
| S Howard (Secretary) (Resigned 27 September 2021) | |
| S Sellick | (Resigned 27 September 2021) |
| K Pester | (Appointed 22 September 2020) |
| H Gold | (Appointed 27 September 2021) |
| L Hillman (Treasurer) | (Appointed 27 September 2021) |
| L Knight | (Appointed 27 September 2021) |
| L Lukins | (Resigned 27 September 2021) |
| K Lloyd | (Resigned 27 September 2021) |
| G Bateman | (Resigned 22 September 2022) |
| M Hillman | (Resigned 22 September 2022) |
| C Cornish | (Resigned 22 September 2022) |
| S Chrystall | (Appointed 22 September 2022) |
| L Williams | (Appointed 22 September 2022) |
| E Smith | (Appointed 22 September 2022) |
| A Kershaw | (Appointed 22 September 2022) |
| S Parr | (Appointed 22 September 2022) |
| S Millward | (Appointed 22 September 2022) |
| D Pester | (Appointed 22 September 2022) |
| M Davies | (Appointed 22 September 2022) |
Registered Address:
The Green at Wembdon, Homberg Way, Wembdon, Bridgwater, Somerset, TA67BY
Registered Charity No: 1024051
Independent Examiner:
Catherine Flannery FCCA, FMAAT
South Devon Accounting Ltd, 6 Orchard Close, Newton Abbot, Devon, TQ12 6AL
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Wembdon Sunshiners Pre School Report of the Management Committee For the Year Ending 31 July 2022
The management committee presents their annual report and financial statements of the Charity for the year ending 31st July 2022. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Charity's trust deed, Charities Act 2011 and 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 the Republic of Ireland (FRS 102).
Objectives & Activities
The Charity's main objective is 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 through a pre school setting.
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Achievements & Performance
Once again, our staff pulled it out of the bag after another tough year. Covid restrictions had finally lifted, and we were able to return to some normality when the start of term came in September 2021.
Our Christmas raffle took place, which helped raise £545. Sadly, we were unable to hold a Christmas fayre, but we are still thrilled with the amount we raised. Staff members also pulled together and took part in a sponsored colour run to raise money for the pre school.
We were able to go on a school trip in July 2022, our first in over two years, which was such a lovely experience for our children. We also hosted a leavers party for our children who were leaving us to go to ‘big’ school.
Famly (our learning platform) has continued to be a huge success. On Famly the staff provide weekly observations and photos, almost a snapshot of the child's week of what they got up to. Parents can comment and interact on posts that are put up and contact each other if they choose to.
2
Wembdon Sunshiners Pre School Report of the Management Committee (cont.) For the Year Ending 31 July 2022
Financial Review
The Charity has a deficit of £13,285 for the year (£4,492 surplus in 2020/21). Activity and fundraising income was lower than in the previous period. Certain costs that had increased during the pandemic, such as cleaning etc., remained at the same level. Whilst many overheads were comparable with the previous year, costs that had been suppressed by Covid restrictions, e.g., activities, events, etc., returned. This has resulted in a deficit for the period.
The Charity is confident that this is an isolated event, and has looked to streamline systems and improve efficiency, e.g. the introduction of a new accounting system in the 2022/23 period. The current year’s results already show increased income and a reduction in expenditure.
The Charity aims to hold sufficient funds in reserve to cover any redundancy costs should the preschool close in accordance with the recommendations set out by Local Government.
Structure, Governance & Management
Wembdon Sunshiners Pre School is an unincorporated charity governed by its constitution with charity registration number 1024051.
The Charity is run by a management committee the majority of whose members are elected at the Annual General Meeting and are parents of children who attend the Preschool along with two of the members of staff, the Preschool manager and office manager.
Approved by the management committee on 24[th] May 2023 and signed on its behalf by:
L Rogers Chair
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Wembdon Sunshiners Pre School Examiners Report to the Trustees For the Year Ending 31 July 2022
We report to the trustees on my examination of the accounts of the charity for the year ended 31 July 2022.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Catherine Flannery FCCA, FMAAT
South Devon Accounting Ltd, 6 Orchard Close, Newton Abbot, Devon, TQ12 6AL
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Wembdon Sunshiners Pre School Statement of Financial Activities For the Year Ending 31 July 2022
| Incoming resources (Note 2) Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Total Resources expended (Note 3) Expenditure on: Raising funds Charitable activities Total Net (deficit)/income Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted funds Total funds 2022 2021 £ £ £ £ - - - - 203,209 1,861 205,070 223,164 3,357 3,357 6,656 8 8 162 |
|---|---|
| 206,574 1,861 208,435 229,982 |
|
| - - - 183 221,185 535 221,720 225,307 |
|
| 221,185 535 221,720 225,490 |
|
| (14,611) 1,326 (13,285) 4,492 |
|
| 80,713 - 80,713 76,221 66,102 1,326 67,428 80,713 |
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Wembdon Sunshiners Pre School
Balance Sheet
As at 31st July 2022
| Fixed assets Tangible fixed assets (Note 5) Current assets Debtors (Note 6) Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 7) Net current assets Total assets less current liabilities Funds of the Charity Unrestricted funds (Note 8) Retricted funds Total funds |
2022 2021 £ £ 9,614 10,501 - 7,119 63,897 67,833 |
|---|---|
| 63,897 74,952 |
|
| 6,083 4,740 |
|
| 57,814 70,212 |
|
| 67,428 80,713 |
|
| 66,102 80,713 1,326 - |
|
| 67,428 80,713 |
The financial statements were approved by the committee on 24th May 2023 and signed on its behalf by
L Hillman
Treasurer
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Wembdon Sunshiners Pre School Notes to the Accounts For the Year Ending 31 July 2022
Note 1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention, and in compliance with FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and 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), and the Charities Act 2011. The Charity is a public benefit entity. The accounts are prepared in sterling, which is the functional currency of the Charity. The trustees have taken advantage of the exemption available to small charities not to prepare a cash flow statement. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
1.2 Funds
The General fund is held with the purpose to support the charities primary activity which is 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 through community groups.
The Fundraising account holds money raised outside of the primary charitable activity and is also unrestricted. This enables the charity to purchase new equipment and resources for the children and make a difference to the community.
Restricted funds represent grants or donations received for a specific object. The fund may only be expended for the specific object for which they were given.
1.3 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
1.4 Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.
The following specific policies apply to categories of expenditure:
Costs of generating funds comprise the costs associated with attracting fundraising income.
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 of an indirect nature necessary to support them.
Support costs are those incurred directly in support of expenditure on the objects of the charity.
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Wembdon Sunshiners Pre School Notes to the accounts (cont.) For the Year Ending 31 July 2022
Note 2 Analysis of income
| Donations received Charitable activities: Development and education of Fund raising events Sale of uniforms Interest income This is stated after charging: Depreciation - owned assets Independent examiner's fees Insurance Rent, light and heat Repairs and maintenance Uniform Bank charges Depreciation Governance Total Expenditure on charitable activities: Expenditure on raising funds: TOTAL INCOME Income from investments: Total expenditure on raising funds Other trading activities: Donations and legacies: Staging fundraising events Note 3 Analysis of expenditure Support costs Note 4 Support Costs Development and education of children Support costs Total expenditure on charitable activities |
Unrestricted funds 2021 £ £ - - |
|---|---|
| - - | |
| 203,209 217,649 | |
| 203,209217,649 | |
| 3,001 5,919 356 737 |
|
| 3,357 6,656 | |
| 8 162 | |
| 8162 | |
| 206,574 224,467 | |
| 2022 2021 £ £ 2,404 1,813 600 420 |
|
| 2022 2021 £ £ - 183 |
|
| - 183 |
|
| 193,213 204,063 27,972 21,244 |
|
| 221,185 225,307 | |
| 2022 2021 £ £ 8,011 1,953 411 784 15,697 14,159 354 - 361 2,005 113 110 2,404 1,813 621 420 |
|
| 27,972 21,244 |
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Wembdon Sunshiners Pre School
Notes to the accounts (cont.)
For the Year Ending 31 July 2022
Note 5 Tangible fixed assets
5.1 Cost or valuation
| 5.1 Cost or valuation | ||
|---|---|---|
| At the beginning of the year Additions Revaluations Disposals At end of the year At beginning of the year Disposals Depreciation Impairment At end of the year Net book value at the beginning of the year Net book value at the end of the year Trade debtors Other debtors Total Note 6 Debtors and prepayments 5.3 Net book value 5.2 Depreciation and impairments |
Fixtures, Fittings & Equipment £ 14,942 1,517 - - |
|
| 16,459 |
Note 7 Creditors and accruals
| Amounts falling due within | one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | - | 2,055 | |
| Accruals and deferred income | 1,927 | 2,685 | |
| Taxation and social security | 4,156 | - | |
| Total | 6,083 | 4,740 |
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Wembdon Sunshiners Pre School Notes to the accounts (cont.) For the Year Ending 31 July 2022
Note 8 Movement in Funds
| Unrestricted funds | Fund balances at 01/08/2021 £ |
Income £ |
Expenditure £ |
Transfers £ |
Fund balances at 31/07/2022 £ |
|---|---|---|---|---|---|
| Fundraisingfund | 11,241 | 3,001 | - | 2,811 | 17,053 |
| General | 69,472 | 203,573 | (221,185) | (2,811) | 49,049 |
| Total Funds | 80,713 | 206,574 | **(221,185) ** | - | 66,102 |
| Restricted funds | Fund balances at 01/08/2021 £ |
Income £ |
Expenditure £ |
Transfers £ |
Fund balances at 31/07/2022 £ |
| Higher needs funding | - | 1,861 | (535) | - | 1,326 |
| - | |||||
| Total Funds | - | 1,861 | **(535) ** | - | 1,326 |
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