ST ANDREWS PRE-SCHOOL REGISTERED CHARITY NUMBER 1026835
ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
TINGLE ASHMORE LTD
CHARTERED ACCOUNTANTS AND REGISTERED AUDITORS
SHEFFIELD
ST ANDREWS PRE-SCHOOL
ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
INDEX
| Page | |
|---|---|
| General information | 1 |
| Trustees' annual report | 2-3 |
| Independent examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 |
ST ANDREWS PRE-SCHOOL
ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021 GENERAL INFORMATION
| Name and address | St Andrews Pre-School |
|---|---|
| Pentland Road | |
| Dronfield Woodhouse | |
| S18 8ZQ | |
| Trustees | Andrea Powell |
| Alison Parker | |
| Kate Broomhead | |
| Maxine Gachagan | |
| Amy Binney | |
| Anna Hormigo | |
| Independent examiner | Brendan Ashmore ACA |
| Tingle Ashmore Ltd | |
| Chartered Accountants & Registered Auditors | |
| Enterprise House | |
| Broadfield Court | |
| Sheffield | |
| S8 0XF | |
| Bankers | The Royal Bank of Scotland Plc |
| Dronfield Branch | |
| Bede House | |
| 11 Western Boulevard | |
| LE2 7EJ | |
| Registered charity number | 1026835 |
Page 1
ST ANDREWS PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
TRUSTEES' ANNUAL REPORT
The trustees present their report and the financial statements for the year ended 31st May 2021.
Principal activities and objects
St Andrews Pre-School is a registered charity and is governed by its constitution.
The objects of the charity are 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.
Public benefit
The trustees consider that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission.
Trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP 2019 (FRS 102);
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Review of activities during the year
The receipts and payments account shows a reduction of around £15,000 in total receipts due primarily to lower fees and meal income, a result of the lockdowns in response to the coronavirus pandemic.
Total expenditure reduced by nearly £14,000, to £132,303, with most categories lower, again a result of reduced activity at the pre-school due to coronavirus.
Overall, there was a deficit for the year of £935, which compares to a surplus of £322 for the previous year.
Page 2
ST ANDREWS PRE-SCHOOL
TRUSTEES' ANNUAL REPORT
ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
Reserves policy and financial position
The Receipts and Payments Account shows unrestricted funds at 31st May 2021 of £73,356 of which £44,000 has been set aside in a designated fund to cover anticipated staff redundancy payments in the event that the pre-school has to close. The balance of £29,356 represents approximately 3 months of expenditure. This level of reserves is held to fund the continuing expenditure of the charity.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate the exposure to major risks.
The report of the trustees was approved on 8th September 2021 and signed on its behalf by
…………………………………………… Andrea Powell
Page 3
ST ANDREWS PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANDREWS PRE-SCHOOL
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st May 2021 which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records
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 accounts to be reached.
…………………………………………… Brendan Ashmore ACA Tingle Ashmore Ltd Chartered Accountants & Registered Auditors Enterprise House Broadfield Court Sheffield S8 0XF
Dated : 28th September 2021
Page 4
ST ANDREWS PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
RECEIPTS AND PAYMENTS ACCOUNT
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| RECEIPTS | |||||
| Nursery certificates | 98,278 | - | 98,278 | 102,351 | |
| Fees and meal income | 23,815 | - | 23,815 | 37,116 | |
| Coronavirus Job Retention Scheme | - | 537 | 537 | 2,949 | |
| Other grants and donations | - | 6,117 | 6,117 | 1,729 | |
| Christmas party | 413 | - | 413 | 274 | |
| Fundraising and gift aid | 2,202 | - | 2,202 | 1,817 | |
| Bank interest | 6 | - | 6 | 168 | |
| _ | _____ | _ | _ | ||
| TOTAL RECEIPTS | £124,714 | £6,654 | £131,368 | £146,404 | |
| _ | _____ | _ | _ | ||
| PAYMENTS | |||||
| Wages and training costs | 109,265 | 6,654 | 115,919 | 119,977 | |
| Rent | 6,099 | - | 6,099 | 9,064 | |
| Equipment and repairs | 1,148 | 78 | 1,226 | 2,292 | |
| Supplies | 1,429 | - | 1,429 | 1,568 | |
| Uniforms and personalised bags | 715 | - | 715 | 143 | |
| Advertising and website | 701 | - | 701 | 671 | |
| Photocopying, stationery and stamps | 139 | - | 139 | 528 | |
| Mobile phone and internet | 72 | - | 72 | 132 | |
| Milk, snacks and meals | 3,135 | - | 3,135 | 7,714 | |
| PLA membership and insurance | 768 | - | 768 | 761 | |
| Independent examination and payroll | preparation | 1,158 | - | 1,158 | 522 |
| Trips and excursions | - | - | - | 563 | |
| French lessons | - | - | - | 700 | |
| Sundries | 630 | - | 630 | 1,039 | |
| Bank charges | 312 | - | 312 | 408 | |
| _ | _____ | _ | _ | ||
| TOTAL PAYMENTS | £125,571 | £6,732 | £132,303 | £146,082 | |
| _ | _____ | _ | _ | ||
| (DEFICIT)/SURPLUS FOR THE YEAR | 2 | (857) | (78) | (935) | 322 |
| Cash and bank balances brought forward | 74,213 | 78 | 74,291 | 73,969 | |
| ______ | ___ | ______ | ______ | ||
| Cash and bank balances carried forward | £73,356 | £- | £73,356 | £74,291 | |
| __ ____ |
__ ____ |
__ ____ |
Page 5
ST ANDREWS PRE-SCHOOL
ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
STATEMENT OF ASSETS AND LIABILITIES
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| CASH AND BANK DEPOSITS | ||
| Royal Bank of Scotland Plc | ||
| Deposit account | 71,123 | 72,379 |
| Current account | 2,200 | 1,879 |
| Cash | 33 | 33 |
| ______ | ______ | |
| £73,356 | £74,291 | |
| ______ | ______ | |
| ______ | ______ | |
| OTHER MONETARY ASSETS | ||
| Gift Aid claim receivable | £367 | £- |
| ___ | ___ | |
| ___ | ___ | |
| LIABILITIES | ||
| Auto enrolment pension contributions | 589 | 431 |
| Rent | 1,590 | 871 |
| Payroll preparation | - | 312 |
| _____ | _____ | |
| £2,179 | £1,614 | |
| _ ___ |
_ ___ |
All assets and liabilities relate to unrestricted funds.
The Pre-School has a stock of play equipment and supplies of paint, paper etc. This has not been valued due to difficulties in ascertaining a realistic realisable value. It has an insurance value of £10,000.
The trustees have designated £44,000 of general funds to cover anticipated staff redundancy payments in the event that the pre-school has to close.
These accounts are prepared in accordance with the provisions of the Charities Act 2011.
The accounts were approved by the Trustees on 8th September 2021 and signed on their behalf by
………………………………. Alison Parker
Page 6
ST ANDREWS PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED
31ST MAY 2021
NOTES TO THE ACCOUNTS
- 1 Accounting Policies
a) Basis of preparation
The accounts have been prepared under the historical cost convention on a receipts and payments basis.
b) Fund accounting
Funds held by the charity are either:-
Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds - these comprise unrestricted funds that have been set aside by the trustees to meet staff redundancy payments in the event that the pre-school has to close.
Restricted funds - these are funds that can only be used for particular restricted purposes, imposed by the donor or through the terms of an appeal.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| 2 | Surplus for the year | ||
| This is stated after charging | |||
| Independent examination and payroll preparation fees | £1,158 | £522 | |
| _ ___ |
- 3 Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| Balance at | Movement in resources | Balance at | ||
| 1st June | Incoming | Outgoing | 31st May | |
| 2020 | 2021 | |||
| £ | £ | £ | £ | |
| Staff costs | - | 6,117 | (6,117) | - |
| Coronavirus Job Retention Scheme | - | 537 | (537) | - |
| ___ | _____ | _____ | ___ | |
| £- | £6,654 | £(6,654) | £- | |
| _ ___ |
_ ___ |
The restricted funds arose as follows:
Staff costs - grants received to cover additional staff costs for particular children, or staff training. Coronavirus Job Retention Scheme - funding from the Revenue towards the wages of furloughed staff.
Page 7