wii 111! a+ q+ c) oJ.3*oao o cr 13a¥ll li 111 o a) Ln ## **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** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Other
9
**Total**
Net gains on investments
**Net income/(expenditure)**
10
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**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** |Fees
6
**Income from investments**
Interest received
7
**Other income**
Coronavirus job retention
grant
8
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Grants and donations
_Fundraising trading costs_
Fees|**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** |Trade debtors
14 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
Deferred income
15 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
16 **Analysis of net assets between funds**
Fixed assets
Net current assets
17 **Reconciliation of net debt**
Cash and cash equivalents
Net debt||**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 COn￿rnS 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