2023-08-31-accounts - Marhamchurch Playschool

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Marhamchurch Pre School

Charity No. 1024873

Trustees' Report and Unaudited Accounts

31 August 2023

Marhamchurch Pre School Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 12
Detailed Statement of Financial Activities	13 to 14

Page 1

Marhamchurch Pre School Trustees Annual Report

Marhamchurch Pre School

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1024873

Trustees

The following trustees served during the year:

L. Briard

E. Hawkins
C. Parker
G. Pearson
J. Teague

Accountants

Buttons Accounting Ltd

Prospect House

11 Western Road

Launceston Cornwall

PL15 7AS

OBJECTIVES AND ACTIVITIES

To provide education and to enhance development of children under statutory school age by encouraging parents to provide for needs of their children

Provide a safe, caring environment for pre-school aged children to prepare them for entry into school

We confirm that trustees have had regard to guidance issued by charity commision on public benefit

ACHIEVEMENTS AND PERFORMANCE

Provide full day care from 8.30am to 3.30pm reaching up to 30 children

FINANCIAL REVIEW

The Pre-school holds monetary reserves in excess of £5,000 which is a level that the committee is of opinion is sufficient to meet the future needs of the pre-school.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trustees were elected at an AGM by democratic process

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 2

Marhamchurch Pre School Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable lawand United Kingdom Accounting standards ( United Kingdom Generally Accepted accounting practice).

Signed on behalf of the charity's trustees

L. Briard Trustee 31 August 2023

Page 3

Marhamchurch Pre School Independent Examiners Report

Independent Examiner's Report to the trustees of Marhamchurch Pre School

I report to the trustees on my examination of the financial statements of Marhamchurch Pre School for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements 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 examiner's statement

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 in order to enable a proper understanding of the financial statements to be reached.

Emma Gilbert ACCA Buttons Accounting Ltd Prospect House

11 Western Road

Launceston Cornwall PL15 7AS 31 August 2023

Page 4

Marhamchurch Pre School Statement of Financial Activities

for the year ended 31 August 2023

Unrestricted funds	Total funds	Total funds
2023	2023	2022
£	£	£

3,157	3,157	645
92,383	92,383	69,792
57	57	38
95,597	95,597	70,475

1,276	1,276	1,087
83,631	83,631	82,484
84,907	84,907	83,571
-	-	-
10,690	10,690	(13,096)
-	-	-
10,690	10,690	(13,096)

10,690	10,690	(13,096)

108,043	108,043	121,139
118,733	118,733	108,043

Page 5

Marhamchurch Pre School Balance Sheet

at 31 August 2023

Charity No. 1024873 Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors:Amount falling due within one year 12 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 13 Unrestricted funds 13 General funds Reserves 13 Total funds Approved by the trustees on 31 August 2023	2023 £ 100,599 100,599 2,025 19,694 21,719 (3,585) 18,134 118,733 118,733 118,733 118,733 118,733 118,733	2022 £ 100,710
		100,710 70 13,644
		13,714 (6,381)
		7,333 108,043
		108,043
		108,043
		108,043
		108,043
		108,043

And signed on their behalf by:

L. Briard Trustee 31 August 2023

Page 6

Marhamchurch Pre School Notes to the Accounts

for the year ended 31 August 2023

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 7

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.

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.

Page 8

Marhamchurch Pre School Notes to the Accounts

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.

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Other trading activities Investments 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	Unrestricted £ 3,157 - 3,157	Unrestricted funds 2022 £ 645 69,792 38 70,475 1,087 82,484 83,571 (13,096) (13,096) (13,096) 121,139 108,043 Total 2023 £ 3,157 - 3,157	Total funds 2022 £ 645 69,792 38
			70,475 1,087 82,484
			83,571
			(13,096)
			(13,096)
			(13,096) 121,139
			108,043
			Total 2022 £ 624 21
			645

Page 9

Marhamchurch Pre School

Notes to the Accounts

4 Income from other trading activities

Fees 5 Income from investments Interest received 6 Expenditure on raising funds Costs of generating voluntary income Grants and donations 7 Other expenditure 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 8 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets	Unrestricted £ 92,383 92,383 Unrestricted £ 57 57 Unrestricted £ 40 69 113 1,054 1,276 Unrestricted £ 75,956 - 3,234 111 3,083 1,247 83,631 2023 £ 111	Total 2023 £ 92,383 92,383 Total 2023 £ 57 57 Total 2023 £ 40 69 113 1,054 1,276 Total 2023 £ 75,956 - 3,234 111 3,083 1,247 83,631	Total 2022 £ 69,792
			69,792
			Total 2022 £ 38
			38
			Total 2022 £ 17 165 25 880
			1,087
			Total 2022 £ 74,253 41 2,982 130 3,452 1,626
			82,484
			2022 £ 130

Page 10

Marhamchurch Pre School Notes to the Accounts

9 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Cost or revaluation At 1 September 2022 At 31 August 2023 Depreciation and impairment At 1 September 2022 Depreciation charge for the year At 31 August 2023 Net book values At 31 August 2023 At 31 August 2022 11 Debtors Trade debtors 12 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals	2023 69,306 3,933 2,197 75,436 £ 99,973 99,973 - - - 99,973 99,973 2023 £ 2,025 2,025 2023 £ 254 27 3,134	£ 1,200 1,200 463 111 574 626 737	2022 68,568 2,995 2,147
			73,710
			£ 101,173
			101,173
			463 111
			574
			100,599
			100,710
			2022 £ 70
			70
			2022 £ 1,101 208 4,934
	170		138
	3,585		6,381

Page 11

Marhamchurch Pre School Notes to the Accounts

13 Movement in funds

Restricted funds: Unrestricted funds: General funds Total funds 14 Analysis of net assets between funds Fixed assets Net current assets 15 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ 95,597 95,597 At 1 September 2022 £	Resources expended £ (84,907) (84,907) Unrestricted funds £ 100,599 18,134 118,733 Cash flows £	At 31 August 2023 £ 118,733
			118,733
			Total £ 100,599 18,134
			118,733
			At 31 August 2023 £
	13,644	6,050	19,694
	13,644 13,644	6,050 6,050	19,694
			19,694

16 Commitments *Operating lease commitments* Annual commitments under non-cancellable operating leases 2023 Land and buildings £ Operating leases with expiry date: *Pension commitments* The pension cost charge to the charity amounted to:	are as follows: 2023 Other £ 2023 £ 2,197	2022 Land and buildings £	2022 Other £ 2022 £ 2,147

Page 12

Marhamchurch Pre School Detailed Statement of Financial Activities

for the year ended 31 August 2023

Income and endowments from: Donations and legacies Grants and donations Other trading activities Fees Investments Interest received Total income and endowments Expenditure on: Costs of generating donations and legacies Grants and donations Total of expenditure on raising funds Employee costs Salaries/wages Employer's NIC Pension costs Staff training Staff welfare Business mileage costs reimbursed Premises costs Rent Rates Light, heat and power Premises cleaning Premises repairs and maintenance	Unrestricted funds 2023 £ 3,157 - 3,157 92,383 92,383 57 57 95,597 40 69 113 1,054 1,276 1,276 69,306 3,933 2,197 156 364 75,956 - - 900 556 689 667 164	Total funds 2023 £ 3,157 - 3,157 92,383 92,383 57 57 95,597 40 69 113 1,054 1,276 1,276 69,306 3,933 2,197 156 364 75,956 - - 900 556 689 667 164	Total funds 2022 £ 624 21
			645
			69,792
			69,792
			38
			38
			70,475 17 165 25 880
			1,087
			1,087 68,568 2,995 2,147 518 25
			74,253
			41
			41
			900 551 872 620 39

Page 13

Marhamchurch Pre School

Detailed Statement of Financial Activities

Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Equipment leasing and hire charges General insurances Software, IT support and related costs Stationery and printing Subscriptions 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	258 3,234 111 243 1,067 59 339 847 528 3,194 1,247 1,247 83,631 84,907 - 10,690 10,690 - 10,690 108,043 118,733	258 3,234 111 243 1,067 59 339 847 528 3,194 1,247 1,247 83,631 84,907 - 10,690 10,690 - 10,690 108,043 118,733	-
			2,982
			130 190 623 - 1,046 796 797
			3,582
			1,626
			1,626

			82,484
			83,571 -
			(13,096)
			(13,096) -
			(13,096)
			121,139
			108,043

Page 14