**REGISTERED CHARITY NUMBER: 1026943**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **MANOR FARM PRE-SCHOOL**
**MANOR FARM PRE-SCHOOL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5-6|
|Detailed Statement of Financial Activities|7|
## **MANOR FARM PRE-SCHOOL**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
The financial statements have been prepared in accordance with the accounting policies set out in the note to the financial statements and comply with the charity's governing document, the 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 Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1026943
## **Principal address**
MANOR FARM PRE SCHOOL ROSE AVENUE HAZLEMERE HIGH WYCOMBE HP15 7PH
## **FINANCIAL OVERVIEW**
## **Income**
The pandemic has had a huge impact on the Pre – Schools Income reducing this by 10.7% to £190,301. Points to note: Fees reduced by 21.6%
Fundraising significantly reduced due to less face to face family activities - due to social distancing / lockdown. This has reduced income by £2,330 overall.
With fewer children attending school the demand for early bird club has declined plus donations reduced by £4,488
£5,000 grant received from Bucks CC for garden renovation which was a huge positive in order to improve outdoor activities.
## **Expenditure**
The pandemic has had a huge impact on expenditure causing a reduction of 10.1% to £185,954 including: Salaries reduced significantly by £17,936 (11.2%) - Employees to children ratio changed. £7,065.60 paid for the garden of which £5,000 was from the grant. Additional spent alongside the grant.
## **Summary**
As a result of all the challenges due to the pandemic 2019-20 delivered an overall surplus of £6,193 compared to a profit of £9,514the previous year. We hope this will improve in this fiscal year with the ability to fund raise and host events, plus the restart of the early bird club. There remains a healthy bank balance of £112,826 at the financial year end.
The Trustees who served during the year to 31st August 2020 were:
Hannah Jefferys Chair of the Committee Natasha Mitchell Rebecca Rippon Treasurer of the Committee Sam Schofield Secretary of the Committee
Page 1
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANOR FARM PRE-SCHOOL**
I report to the trustees on my examination of the financial statements of Manor Farm Pre School (The Charity) for the year ended 31 August 2020.
## **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 Trust’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 examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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 in order to enable a proper understanding of the accounts to be reached.
Steve Widd FCPFA 365 Chequers Avenue, High Wycombe. HP11 1GQ Date: 31 May 2021
Page 2
**MANOR FARM PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|Notes
**INCOME FROM**
Donations
Investment income
2
Other income
3
**Total**
**EXPENDITURE ON**
Fundraising
Charitable activities
Support costs
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|31.08.20
31.08.19
1,771
3,138
75
93
190,301
213,198
192,147
216,429
4,470
5,906
163,514
185,738
17,970
15,271
185,954
206,915
6,193
9,514
106,630
97,116
112,823
106,630|
|---|---|
The notes form part of these financial statements
Page 3
**MANOR FARM PRE-SCHOOL**
## **BALANCE SHEET**
## **AT 31 AUGUST 2020**
|Notes
**CURRENT ASSETS**
Cash at bank and in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
6
**TOTAL FUNDS**
The financial statements were approved by the Board of Trustees on ........
and were signed on its behalf by:
.............................................
Trustee|31.08.20
Total funds
112,826
112,826
112,826
112,826
112,826
112,826
................................|31.08.19
Total
funds
106,630
106,630
106,630|
|---|---|---|
|||106,630|
|||106,630|
|||106,630|
||||
The notes form part of these financial statements
Page 4
**MANOR FARM PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR TO 31 AUGUST 2020**
## **1. ACCOUNTING POLICIES**
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on receipts and payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities relate to running the pre-school.
## **Fixed assets**
There is a policy to not capitalise expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **2. INVESTMENT INCOME**
|Interest receivable
**3. OTHER INCOME**
Fees
Education Grant
Milk Refund
Fund-Raising
Early Bird
Grants
Other|31.08.20
£
75
31.08.20
£
19,090
138,384
1,075
3,697
17,268
5,000
5,787
190,301|31.08.19
£
93|
|---|---|---|
|||31.08.19
£
24,346
159,711
1,783
6,027
20,389
-
942|
|||213,198|
Page 5
**MANOR FARM PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **FOR THE YEAR TO 31 AUGUST 2020**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **5. STAFF COSTS**
|31.08.20
£
Wages and Salaries
142,107
The average monthly number of employees during the year was as follows:
31.08.20
8
No employee received emoluments in excess of £60,000.
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General Fund
106,630
6,193
Restrricted fund
-
-
**TOTAL FUNDS**
106,630
6,193
Net
Movement
in funds
At 01.09.19|31.08.19
£
160,043|
|---|---|
||31.08.19
14|
||112,823
-
At 31.08.20|
||112,823|
## **6. MOVEMENT IN FUNDS**
A restricted fund was received, amounting to a £5,000 grant received from Bucks CC for garden renovation. This amount was fully used within the year.
Page 6
**MANOR FARM PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
|Notes
**INCOME FROM**
Donations
**Total**
**Investment income**
2
Interest
**Total**
**Other income**
3
Fees
Education Grant
Milk Refund
Fund-Raising
Early Bird
Grants
6
Other
**Total**
**EXPENDITURE ON**
Fundraising
**Charitable activities**
Milk
Insurance
Wages
Training / Seminars / Grants
Consumables
Equipment
Administration
Other
**Support costs**
**Other**
Premises
**Governance costs**
Banking Admin / Charges|31.08.20
31.08.19
£
£
1,771
3,138
1,771
3,138
75
93
75
93
19,090
24,346
138,384
159,711
1,075
1,783
3,697
6,027
17,268
20,389
5,000
-
5,787
942
190,301
213,198
4,470
5,906
4,470
5,906
1,101
2,149
-
2,032
142,107
160,043
5,525
2,196
3,579
4,083
2,574
7,124
6,235
6,768
2,393
1,341
163,514
185,736
17,840
15,093
130
178
17,970
15,271|
|---|---|
This page does not form part of the statutory financial statements
Page 7