2021-08-31-accounts - Marhamchurch Playschool

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Marhamchurch Pre School

Charity No. 1024873

Trustees' Report and Unaudited Accounts

31 August 2021

Marhamchurch Pre School Statement of Financial Activities

for the year ended 31 August 2021

Unrestricted funds	Total funds	Total funds
2021	2021	2020
£	£	£

6,540	6,540	257
-	-	2,448
88,685	88,685	77,212
51	51	127
593	593	2,515
95,869	95,869	82,559

1,794	1,794	227
86,516	86,516	93,466
88,310	88,310	93,693
-	-	-
7,559	7,559	(11,134)
-	-	-
7,559	7,559	(11,134)

7,559	7,559	(11,134)

113,580	113,580	124,714
121,139	121,139	113,580

Page 1

Marhamchurch Pre School Balance Sheet

at 31 August 2021

Charity No. 1024873 Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors:Amount falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Unrestricted funds 15 General funds Reserves 15 Total funds Approved by the trustees on 31 August 2021	2021 £ 100,840 100,840 770 25,598 26,368 (6,069) 20,299 121,139 121,139 121,139 121,139 121,139 121,139	2020 £ 100,536
		100,536 - 31,346
		31,346 (18,302)
		13,044 113,580
		113,580
		113,580
		113,580
		113,580
		113,580

And signed on their behalf by:

G. Pearson Trustee 31 August 2021

Page 2

Marhamchurch Pre School Notes to the Accounts

for the year ended 31 August 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 3

Marhamchurch Pre School Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Page 4

Marhamchurch Pre School Notes to the Accounts

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 5

Marhamchurch Pre School

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Grants and donations 4 Income from charitable activities Fundraising	Unrestricted £ 6,540 6,540	Unrestricted funds 2020 £ 257 2,448 77,212 127 2,515 82,559 227 93,466 93,693 (11,134) (11,134) (11,134) 124,714 113,580 Total 2021 £ 6,540 6,540 Total 2021 £ - -	Total funds 2020 £ 257 2,448 77,212 127 2,515
			82,559 227 93,466
			93,693
			(11,134)
			(11,134)
			(11,134) 124,714
			113,580
			Total 2020 £ 257
			257
			Total 2020 £ 2,448
			2,448

Page 6

Marhamchurch Pre School

Notes to the Accounts

5 Income from other trading activities

Unrestricted £ 88,685 88,685 Unrestricted £ 51 51 Unrestricted £ 593 593	Total 2021 £ 88,685 88,685 Total 2021 £ 51 51 Total 2021 £ 593 593	Total 2020 £ 77,212
		77,212
		Total 2020 £ 127
		127
		Total 2020 £ 2,515
		2,515

Unrestricted £ 143 122 15 1,514 - 1,794	Total 2021 £ 143 122 15 1,514 - 1,794	Total 2020 £ - - - - 227
		227

Page 7

Marhamchurch Pre School Notes to the Accounts

9 Other expenditure

Meals Toys and consumables Forest school Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 10 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 11 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 12 Tangible fixed assets Cost or revaluation At 1 September 2020 Additions At 31 August 2021 Depreciation and impairment At 1 September 2020 Depreciation charge for the year At 31 August 2021 Net book values At 31 August 2021 At 31 August 2020	Unrestricted £ - - - 78,800 - 2,612 153 3,080 1,871 86,516 2021 £ 153 2021 72,156 3,422 2,210 77,788 £ 99,516 457 99,973 - - - 99,973 99,516	Total 2021 £ - - - 78,800 - 2,612 153 3,080 1,871 86,516 £ 1,200 - 1,200 180 153 333 867 1,020	Total 2020 £ 531 1,146 225 83,205 28 3,170 180 2,880 2,101
			93,466
			2020 £ 180 2020 80,078 - 2,751
			82,829
			£ 100,716 457
			101,173
			180 153
			333
			100,840
			100,536

Page 8

Marhamchurch Pre School Notes to the Accounts

13 Debtors

	2021 £ 770 770 2021 £ 501 337 5,069		2020 £ -
			-
			2020 £ 866 363 5,447
	162		900
	-		10,726
At 1 September 2020 113,580 113,580	6,069 Incoming resources (including other gains/losses ) £ 95,869 95,869 At 1 September 2020 £	Resources expended £ (88,310) (88,310) Unrestricted funds £ 100,840 20,299 121,139 Cash flows £	18,302
			At 31 August 2021 £ 121,139
			121,139
			Total £ 100,840 20,299
			121,139
			At 31 August 2021 £
	31,346	(5,748)	25,598
	31,346 31,346	(5,748) (5,748)	25,598
			25,598

Page 9

Marhamchurch Pre School Detailed Statement of Financial Activities

for the year ended 31 August 2021

Income and endowments from: Donations and legacies Grants and donations Charitable activities Fundraising Other trading activities Fees Investments Interest received Other Coronavirus job retention grant Total income and endowments Expenditure on: Costs of generating donations and legacies Grants and donations Costs of other trading activities Fees Total of expenditure on raising funds Other expenditure Meals Toys and consumables Forest school Employee costs Salaries/wages Employer's NIC	Unrestricted funds 2021 £ 6,540 6,540 - - 88,685 88,685 51 51 593 593 95,869 143 122 15 1,514 1,794 - - 1,794 - - - - 72,156 3,422	Total funds 2021 £ 6,540 6,540 - - 88,685 88,685 51 51 593 593 95,869 143 122 15 1,514 1,794 - - 1,794 - - - - 72,156 3,422	Total funds 2020 £ 257
			257
			2,448
			2,448
			77,212
			77,212
			127
			127
			2,515
			2,515
			82,559 - - - -
			-
			227
			227
			227 531 1,146 225
			1,902
			80,078 -

Page 10

Marhamchurch Pre School

Detailed Statement of Financial Activities

Pension costs Staff training Staff welfare Business mileage costs reimbursed Premises costs Rent Rates Light, heat and power Premises cleaning Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Equipment expensed Equipment leasing and hire charges General insurances Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	2,210 766 246 78,800 - - 900 663 (568) 874 743 2,612 153 23 - 1,016 655 799 - 587 3,233 1,871 1,871 86,516 88,310 - 7,559 7,559 - 7,559 113,580 121,139	2,210 766 246 78,800 - - 900 663 (568) 874 743 2,612 153 23 - 1,016 655 799 - 587 3,233 1,871 1,871 86,516 88,310 - 7,559 7,559 - 7,559 113,580 121,139	2,751 376 -
			83,205
			28
			28
			900 382 1,055 547 286
			3,170
			180 - 91 1,004 407 657 32 689
			3,060
			2,101
			2,101

			93,466
			93,693 -
			(11,134)
			(11,134) -
			(11,134)
			124,714
			113,580

Page 11

CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Chariiy Nam- Marharnchurch Playschool On accounts for the year ended 31 August 2021 Charlty no (if any) 1024873 Set out on pages I report to th8 trustees on my examination of the accounts of the above charity ("th8 Trust.) for the year ended 3110812021. Responsibilitios and basi8 of report As the charity's trustees. you are responsibl8 for the preparation of the accounts in 8ccord8nce with the requirements of the Charities Act 2011 ("the Act"}. I report In raspect of my examination of the Trust's accounts carried out under $8Ction 145 of th8 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect: I have no COnrnS 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. Slgnod: Dato: 2410612022 Name: Emma Gilbert Relevant professional qualification(s) or body (if any): ACCA Address: Prospect House, 11 Western Road. Launceston, PL15 7AS IER Oct 2018

Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any itèms that th8 examlnerwlsh88 to disclose. IER Oct 2018