## **WEMBDON SUNSHINERS PRE SCHOOL FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2022**
## **CONTENTS**
- 1 Reference and Administrative Details
- 2-3 Report of the Management Committee 4 Report of the Independent Examiner 5 Statement of Financial Activities 6 Balance Sheet
- 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
1
## **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**
3
**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:
- 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
- 2 the accounts do not accord with those records; or
- 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
4
## **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**|
5
## **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**
6
## **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.
7
## **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**|
8
## **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**|
9
## **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**|
10