CHARITY REGISTERED NUMBER: 1027102
MOSTERTON PRE-SCHOOL
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
ELSON FRAMPTON ACCOUNTANTS 26-28 WEST STREET BRIDPORT DORSET DT6 3QP
MOSTERTON PRE-SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity Number: 1027102
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Chairman: Carley Crystal-Pearson (appointed 7 November 2022) Trustees: Lea Tuck Charlotte Hagley Carly Burgiss (appointed 4 October 2022) Danielle Goodhew (appointed 4 October 2022) (resigned 1 May 2023) Samantha Larcombe (appointed 1 September 2023) Administrator: Zoe Rutland Registered Office: Mosterton Pre-school Fairoak Way Mosterton Beaminster Dorset DT8 3JQ Accountants: Elson Frampton Accountants Wessex House 66 High Street Honiton Devon EX14 1PD Bankers: Lloyds Bank 37 Market Square Crewkerne Somerset TA18 7LR
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INDEPENDENT EXAMINER'S REPORT
TO THE MANAGEMENT COMMITTEE OF MOSTERTON PRE-SCHOOL
FOR THE YEAR ENDED 31 AUGUST 2023
I report to the charity management committee on my examination of the accounts of the charity for the year ended 31 August 2023 which are set out on pages 5 to 10.
Responsibilities and basis of report
As the charity management committee 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
In connection with our examination, no matter has come to our attention:
which gives us reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with S.41 of the Act: and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Elson Frampton Accountants Wessex House 66 High Street Honiton Devon EX14 1PD
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MOSTERTON PRE-SCHOOL
STATEMENT OF INCOME AND EXPENDITURE
FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Fees and funding | 135,033 | 106,630 |
| Fundraising | 1,604 | 8,237 |
| Trading activities | - | 104 |
| Donations | 684 | 2,400 |
| Other grants | - | 8,510 |
| Bank interest | 22 | - |
| ––––––– | ––––––– | |
| 137,343 | 125,881 | |
| ––––––– | ––––––– | |
| Expenditure | ||
| Wages and salaries | 111,188 | 109,449 |
| Administration | 55 | 1,881 |
| Ground rent | 75 | 75 |
| Insurance | 2,078 | 1,803 |
| Software and internet | 1,272 | 886 |
| New toys and equipment | 4,438 | 1,876 |
| Miscellaneous | 160 | 392 |
| Telephone | 764 | 773 |
| Cleaning | 171 | 1,537 |
| Water and rates | 377 | 253 |
| Training and DBS checks | 943 | 600 |
| Stationery and materials | 1,515 | 2,926 |
| Purchase of uniform | 152 | 136 |
| Mileage | - | 17 |
| Light, heat and power | 1,215 | 1,547 |
| Snacks | 1,986 | 1,717 |
| EYPP | - | 1,586 |
| Fundraising | 207 | 275 |
| Loan charges and interest | 925 | 2,492 |
| Property Maintenance | 4,762 | 7,733 |
| Donations | - | 120 |
| Independent examiners fee | 300 | 300 |
| ––––––– | ––––––– | |
| 132,583 | 138,374 | |
| ––––––– | ––––––– | |
| Surplus/(Deficit) of Income for Year | 4,760 | (12,493) |
| ––––––– | ––––––– |
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MOSTERTON PRE-SCHOOL
BALANCE SHEET
AT 31 AUGUST 2023
| £ Tangible fixed assets Buildings Furniture, Fixtures and Fittings Current assets Bank Accounts 41,353 Prepayments 380 ––––––– 41,733 Creditors Taxes 1,373 Pension Control - Loans 32,681 Accruals and Deposits Held 600 ––––––– Net current assets Total assets less current liabilities Net assets Capital funds Unrestricted funds Total funds |
2023 2022 £ £ £ 157,324 157,324 1,610 1,610 _ _ 158,934 158,934 37,544 - ––––––– 37,544 - 941 33,984 300 ––––––– 7,079 2,319 ––––––– –––––– 166,013 161,253 ––––––– –––––– 166,013 161,253 ––––––– –––––– 166,013 161,253 ––––––– –––––– 166,013 161,253 ––––––– –––––– |
|---|---|
Approved by the management committee on 21 May 2024 and signed on its behalf.
Zoe Rutland Administrator
The annexed notes form part of these financial statements.
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MOSTERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
1. Accounting policies
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost.
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