Charity number: 1027055
Walkern Pre-School
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Walkern Pre-School Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
Walkern Pre-School Report of the Trustees
For the year ended 31 December 2020
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2020. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims of the Pre-School are to enhance the development and education of children primarily under statuatory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: (a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability: (b) encouraging the study of the needs of such children and their families and promoting public interest in the recognition of such needs in the local areas: (c) instigating and adering to and furthering the aims and objects of the Pre-School Learning Alliance (now known as the Early Years Alliance).
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Pre-school is governed by its constitution dated 22 May 2015.
Recruitment and appointment of trustees
The members of the Management Committee are also Trustees of the Charity. They are elected each year at the pre-schools annual general meeting, a minimum of 60% of the members must be family of children attending any of the pre-schools groups.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Walkern Pre-School Charity registration number 1027055 Principal address 117 High Street Walkern Stevenage Hertfordshire SG2 7NS
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Sarah Smith (Appointed: 09 October 2018) Amy Cooper (Appointed: 18 October 2016) Amanda Morrow (Appointed: 19 October 2018) Louise Prior (Appointed: 17 September 2019) Jade Claridge (Appointed: 17 September 2019)
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Walkern Pre-School Report of the Trustees Continued
For the year ended 31 December 2020
Senior management
Independent examiners
Bankers
Sarah Smith (Chair) Jade Claridge (Treasurer) Helen Flecknell (Pre-School Manager) Karen Lucas (Pre-School Manager) Amy Cooper (Business Advisor) TaxAssist Accountants 34 High Street Stevenage Hertfordshire SG1 3EF Barclays Bank plc
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Sarah Smith
Jade Claridge Treasurer
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Walkern Pre-School Independent Examiners Report to the Trustees
For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’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 examiners 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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
Brian Alexander
FFA FTA TaxAssist Accountants 34 High Street Stevenage Hertfordshire SG1 3EF
24 November 2021
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Walkern Pre-School Statement of Financial Activities
For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 2 Charitable activities Education/Training Other trading activites Fund raising events Shop income Investments Bank interest receivable Total Expenditure on: Raising funds Fundraising trading: cost of goods sold and other costs Charitable activities Education/Training Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 94,582 12,209 499 83 47 107,420 - (108,746) (108,746) (1,326) 91,121 89,795 |
2019 £ 111,489 18,350 566 - 96 |
|---|---|---|
| 130,501 | ||
| (113) (117,678) |
||
| (117,791) | ||
| 12,710 78,411 |
||
| 91,121 |
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Walkern Pre-School Statement of Financial Position
As at 31 December 2020
| Notes Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 7 Total funds |
£ 2020 2,400 87,798 90,198 (403) 89,795 89,795 89,795 89,795 89,795 |
£ 2019 - 91,593 |
|---|---|---|
| 91,593 | ||
| (472) 91,121 |
||
| 91,121 | ||
| 91,121 | ||
| 91,121 | ||
| 91,121 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Sarah Smith Trustee
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Walkern Pre-School Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Walkern Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
2. Income from donations and legacies
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Donations received | 18 | 3,500 |
| Grants received | 93,140 | 106,638 |
| Donated goods and services | 1,424 | 1,351 |
| 94,582 | 111,489 |
3. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Accountancy fees | 360 | 480 |
| Staff pension contributions | 956 | 1,456 |
4. Staff costs and emoluments
Total staff costs for the year ended 31 December 2020 were:
| Salaries and wages Social security costs Pension costs |
2020 £ 86,069 1,838 956 88,862 |
2019 £ 90,253 2,306 1,456 |
|---|---|---|
| 94,015 |
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For the year ended 31 December 2020
Walkern Pre-School Notes to the Financial Statements Continued
5. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
6. Creditors: amounts falling due within one year
| Trade creditors Other creditors |
2020 £ 79 324 403 |
2019 £ 323 149 |
|---|---|---|
| 472 |
7. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/01/2020 | resources | resources | 31/12/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 91,121 | 107,420 | (108,746) | 89,795 |
| 91,121 | 107,420 | (108,746) | 89,795 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/01/2019 | resources | resources | 31/12/2019 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 78,411 | 130,501 | (117,791) | 91,121 |
| 78,411 | 130,501 | (117,791) | 91,121 |
Purpose of unrestricted Funds
General
The provision of education and training to pre-school age children
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Walkern Pre-School Notes to the Financial Statements Continued
For the year ended 31 December 2020
8. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Net current assets / (liabilities) Net Assets £ £ 89,795 89,795 |
|---|---|
| 89,795 89,795 |
|
| Net current assets / (liabilities) Net Assets £ £ 91,121 91,121 |
|
| 91,121 91,121 |
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Walkern Pre-School Detailed Statement of Financial Activities
For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Grants Receivable Fundraising Charitable activities Fee Income Childcare Vouchers Lunches & Snacks Trips Other trading activities Sale Of Photographs Sale Of Uniforms Toddlers Club Investments Bank Interest Receivable Total incoming resources EXPENDITURE Other trading activities Fund Raising Charitable activities Staff Costs - Wages & Salaries Staff Costs - Pension Contributions Equipment Trip Expenses Telephone Uniforms Photography Food Advertising Learning Resources Fundraising Expenses Subscriptions Staff Training & Welfare SUPPORT COSTS Management Staff Costs - Social Security Costs Stationery & Printing |
£ 2020 18 93,140 1,424 94,582 11,626 - 583 - 12,209 235 264 83 582 47 47 107,420 - - (86,069) (956) (139) - (120) (344) - (635) (109) (644) (95) (26) (1,104) (90,241) (1,838) (1,043) |
£ 2019 3,500 106,638 1,351 |
|---|---|---|
| 111,489 16,730 677 693 250 |
||
| 18,350 293 273 - |
||
| 566 96 |
||
| 96 | ||
| 130,501 (113) |
||
| (113) (90,253) (1,456) (1,103) (1,356) (100) (864) (1,178) (1,311) (18) - - - (2,386) |
||
| (100,025) (2,306) (1,830) |
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This page does not form part of the statutory financial statements
Walkern Pre-School
Detailed Statement of Financial Activities Continued
For the year ended 31 December 2020
| Rent & Rates Computer & Internet Payroll Costs Sundry Expenses Legal Fees Cleaning (Health & Safety) Repairs & Maintenance Governance costs Accountancy Fees Bank Charges & Interest Insurance Bad Debts Total resources expended Net Expenditure |
(4,675) (88) (468) (38) (217) (628) (7,946) (16,941) (360) (88) (954) (162) (1,564) (108,746) (1,326) |
(3,105) (91) (635) (518) (379) (379) (7,177) |
|---|---|---|
| (16,420) (480) 18 (771) - |
||
| (1,233) | ||
| (117,791) | ||
| 12,710 |
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This page does not form part of the statutory financial statements