| Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | for theperiod | for theperiod | for theperiod | for theperiod | |
|---|---|---|---|---|---|---|---|---|---|
| From | Period start date | Period end date | |||||||
| 1 | Septembe r |
2022 | 31 | August | 2023 | ||||
| Section A | Reference and administration details | ||||||||
| Charity name Other names charity is known by Registered charity number (if any) Charity's principal address |
|||||||||
| Rolleston Pre-School Playgroup and Toddlers | |||||||||
| Rolleston Pre-School | |||||||||
| 1027764 | |||||||||
| Rolleston Pre-School and Playgroup | |||||||||
| School Lane, Rolleston-On-Dove | |||||||||
| Burton-on-Trent, Staffordshire | |||||||||
| Postcode | DE13 9AQ |
Names of the charity trustees who manage the charity
Name of person (or body) Dates acted if not for Trustee name Office (if any) entitled to appoint trustee (if whole year any) 1 Kim Grant Chair Trustees 2 Jenny Gibson Vice-Chair Trustees 3 Lynn Billings Treasurer Trustees 4 Jennie Binns Secretary Trustees 5 Emma Bradbury Trustees 6 Carrie Renshaw Trustees 7 Olga Basova Trustees 8 Cra Hughes Trustees 9 Simon Holbrook Trustees 10 Ellie Ritchie Joined Oct 2022 Trustees 11 Dee Sprinceana Joined Oct 2022 Trustees 12 Trustees
Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
Type of adviserype of advisere of adviser Name Address Name of chief executive or names of senior staff members (Optional information)
Type of adviserype of advisere of adviser
Lolene Poxon – Duty Manager of the Pre-School
1 March 2012
TAR
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document (eg. trust deed, constitution) As per Pre-School Learning Alliance Model Constitution 2011. How the charity is constituted (eg. trust, association, company) Elected by current trustees at the AGM or throughout the year. Trustee selection methods
Type of governing document
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
2 March 2012
TAR
Section C Objectives and activities
| Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) AR |
Rolleston Pre-School provides Early Years care for three and four year olds. Established since 1973, it is a charity run by a voluntary committee of parents who employ a team of qualified staff. Around 35 children attend Pre-school each year. We run 10, 3 hours sessions per week, with a maximum of 24 children attending each session. We aim to provide a stimulating, happy and secure environment and offer opportunities and experiences that enable children to learn to acquire knowledge for themselves and prepare for school. We also run two parent and toddler groups each week in the village, which are a great opportunity for young families to meet. |
|---|---|
| In setting our aims and planning activities the committee members have given careful consideration to the Charity Commission’s public benefit guidance. Rolleston Pre-School aims to: - Provide a stimulating, happy and secure environment; creating an atmosphere in which both children and parents feel welcome and at ease. oWe do this by offering a wide range of age-appropriate activities that the children have had an input in planning, they can choose to play indoors and outdoors during free play time. oWe decorate the setting with the children’s artwork and photographs of their play updating regularly to celebrate their achievements. oWe meet the children before they start Pre-School at our annual open day or they come and spend a session with their parents to see if they will be happy to return. oWe normally encourage parents to stay if they wish when their child first starts, so they feel more secure. Parents are invited in to sign their children in and get them settled . We regularly invite parents to come into the session, to read during Book Week, to share their talents in music, or just come and play. Every year we offer different ways to include the parents, through our library service, gingerbread man going on adventures with the children and our story box. - Treat each child individually and meet their needs appropriately. oBefore children start, we ask parents to fill in with their child a “What I like to do” sheet and we share this with the group on their first session so we have some ideas of their favourite activities and what they like to eat or not. oEach child is assigned a member of staff to be their key person who observes and tracks their learning journey, moving them onto new challenges when appropriate. - Offer opportunities and experiences that enable children to learn to acquire knowledge for themselves and to develop an enquiring mind. oThrough free choice play the children can explore and investigate. oOur staff ask open questions to stimulate their learning not simply offering a solution all the time. oOur outdoor space has a canopy over part of it to enable children to choose to play outside in both wet and hot weather should they wish. - Help children develop new skills, have new experiences and explore the world in which they live. oThrough a vast range of activities, village walks, stories and the staff themselves. |
|
| 3 March2012 |
TAR
Section D Achievements and performance
Summary of the main achievements of the charity during the year
During the year Rolleston Pre-school ran 10 supervised Pre-School sessions, of 3 hours each, a week during term time for Children aged 3 and 4 reaching 35 children and 32 families. We were able to offer more full day sessions so that parents could have the opportunity to go back into work or work longer hours, and support key workers throughout the year.
Staff were so vigilant with regards to cleaning and rotating resources, we invested extra money in cleaning hours. Staff started testing twice a week in the Spring term. We only had a few isolated cases and were able to remain open throughout the year, which was a huge achievement.
We continued to use our online learning journal system and money was invested ICT support. This was a vital link to parents through this time, so they had up to date information on what their children were learning/experiencing at Pre-School.
Throughout the year we supported 3 children on the pupil premium scheme offering them additional support with the funded hours to support their learning and help with PSE and CL skills. Accessing a nutritionist to support a family with meal time routines and introducing new foods. As a charity we able to support small group time with extra staffing using a program called “time to talk” to develop CL skills.
We were very busy for this last half term and helped support children with the transition to school, lots of this was via zoom with the primary school. Despite all the restrictions and the children had a wonderful year, they really bonded as a group and attendance was exceptionally high. As a charity we were able to purchase some new books around a project on Winter and celebrations to support the children’s learning in PreSchool and at home, and ran 4 full weeks of forest school’s activities, funding extra staffing and resources to provide different learning experiences for the children.
We had a visit in the summer term from Animal tastic so the children could see and handle different creatures. We were able to fund a theatre company performing an outdoor show for the children in the summer term. We subscribed to an educational online website that parents could access at home again to support learning onsite and at home.
The outside of the building was completely repainted, and purchased some new signs for our outdoor area.
The committee and staff are always busy thinking of new ways to raise funds and to get involved in the community.
Funds raised as a result of these activities go to improving the resources of the Pre-school to enhance the learning opportunities for those who attend.
March 2012
TAR
4
Section E Financial review
Total reserves of the charity at the end of August 23 we very reduced Brief statement of the after a couple of low birth rate years after covid charity’s policy on reserves Trustees consider it appropriate to hold an amount in cash reserves in order to:
- cover the fluctuations of payments and receipts through-out the year to ensure the setting can continue to provide a public benefit to families in the community; - cover one off expense such as repairs and maintenance to keep the setting fit for purpose; and - to protect the financial position of the charity as result of potential risks and uncertainties, such as potential redundancy costs.
Details of any funds materially N/A in deficit Further financial review details (Optional information)
The predominant source of funding for the Pre-School come from the You may choose to include Early Years’ Grants. additional information, where relevant about:
Additional sources of funding come from fees for children accessing ● the charity’s principal sessions not covered by free childcare hours, lunchtime care and contributions for snacks and one-off events provided in the setting, sources of funds (including fundraising efforts and donations received. any fundraising);
● how expenditure has The Pre-School operates from a site rented from Staffordshire county council based on the John of Rolleston Primary infant school site. supported the key objectives of the charity; The most significant expenditure for the Pre-School is that of the teaching ● investment policy and staff who are key to the success of the aims of the charity. objectives including any During the year significant investment has been made in new resources ethical investment policy and staff development to help broaden the learning opportunities for the adopted. children at Pre-school. Some of these resources include a new iPad’s, and online training, wood work resources, books, outdoor maintenance and resources. The training covers areas such as wood work, new learning journal system. In addition, a full exterior repaints of the canopy and shed has taken place to ensure the Pre-school is well maintained.
Section F Other optional information
5 March 2012
TAR
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) L J Billings Full name(s) Lynn Billings Position (eg Secretary, Chair, etc) Treasurer Date 10th Sept 2024
March 2012
TAR
6
REGISTRATION NUMBER: 1027764
Rolleston Pre-school and Playgroup Unaudited Financial Statements
31 August 2023
Rolleston Pre-school and Playgroup
Financial Statements
Year ended 31 August 2023
| Contents | Page |
|---|---|
| Management committee report | 1 |
| Report to the management committee on the preparation of the | |
| unaudited statutory financial statements | 2 |
| Statement of income and retained earnings | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial statements | |
| Detailed income statement | 8 |
| Notes to the detailed income statement | 9 |
Rolleston Pre-school and Playgroup
Management Committee Report
Year ended 31 August 2023
The trustees present their report and the unaudited financial statements of the society for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year was a Preschool and playgroup activities.
Trustees
The trustees who served the society during the year were as follows:
Mrs J Gibson Mrs K Grant Mrs L Billings Mrs E Bradbury Miss C Renshaw Mrs O Basova Mrs C Hughes Mr S Holbrook Mrs E Ritchie Mrs D Sprinceana
This report was approved by the management committee on ..................................... 11/09/24 and signed on behalf of the board by:
Kim Grant (Sep 11, 2024 15:02 GMT+1)
Mrs K Grant Chairwoman
Registered office: School Lane, Rolleston-on-Dove, Burton-on-Trent DE13 9AQ
- 1 -
Rolleston Pre-school and Playgroup
Report to the Management Committee on the Preparation of the Unaudited Statutory Financial Statements of Rolleston Pre-school and Playgroup
Year ended 31 August 2023
As described on the statement of financial position, the management committee of the society are responsible for the preparation of the financial statements for the year ended 31 August 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes.
You consider that the society is exempt from an audit under the Co-operative and Community Benefit Societies Act 2014.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
- 2 -
Rolleston Pre-school and Playgroup
Statement of Income and Retained Earnings
Year ended 31 August 2023
| Year ended 31 August 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| Note | £ | £ |
| Turnover | 101,970 | 115,062 |
| Cost of sales | 105,551 | 91,286 |
───────── |
──────── |
|
| Gross profit | (3,581) | 23,776 |
| Administrative expenses | 16,621 | 25,171 |
──────── |
──────── |
|
| Operating (loss)/profit | (20,202) |
(1,395) |
| Other interest receivable and similar income | 67 | 3 |
──────── |
──────── |
|
| (Loss)/profit before taxation | (20,135) | (1,392) |
| Tax on (loss)/profit | – | – |
─────── |
─────── |
|
| (Loss)/profit for the financial year and total comprehensive income | (20,135) | (1,392) |
═══════ |
═══════ |
|
| Retained earnings at the start of the year | 40,901 | 42,293 |
──────── |
──────── |
|
| Retained earnings at the end of the year | 20,766 | 40,901 |
════════ |
════════ |
The notes on pages 5 to 6 form part of these financial statements.
- 3 -
Rolleston Pre-school and Playgroup
Statement of Financial Position
31 August 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 22,785 | 41,251 | ||
| Creditors: amounts falling due within one year | 5 |
2,019 | 350 | |
──────── |
──────── |
|||
| Net current assets | 20,766 | 40,091 | ||
──────── |
──────── |
|||
| Total assets less current liabilities | 20,766 | 40,091 | ||
──────── |
──────── |
|||
| Net assets | 20,766 | 40,091 | ||
════════ |
════════ |
|||
| Capital and reserves | ||||
| Profit and loss account | 20,766 | 40,901 | ||
──────── |
──────── |
|||
| Members funds | 20,766 | 40,907 | ||
════════ |
════════ |
The society is satisfied that it is entitled to exemption from the requirement to obtain an audit under section 84 of the Co-operative and Community Benefit Societies Act 2014.
The members have not required the society to obtain an audit of its financial statements for the year in question in accordance with the Act.
The trustees acknowledge their responsibilities for:
-
ensuring that the society keeps proper accounting records which comply with section 75 of the Co-operative and Community Benefit Societies Act 2014 (the Act);
-
establishing and maintaining a satisfactory system of its books of accounts, its cash holdings and all its receipts and remittances in order to comply with section 75 of the Act; and
-
preparing financial statements which give a true and fair view of the state of affairs of the society as at the end of the financial year and of its income and expenditure for the year in accordance with the requirements of section 80, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the society.
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the management committee and authorised for issue on . .......................... 09/11/24 , and are signed on their behalf by:
11/09/24
Kim Grant (Sep 11, 2024 15:02 GMT+1) Mrs K Grant Chairwoman Secretary
Registration number: 1027764
The notes on pages 5 to 6 form part of these financial statements.
- 4 -
Rolleston Pre-school and Playgroup
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The society is registered under the Co-operative and Community Benefit Societies Act 2014. The address of the registered office is School Lane, Rolleston-on-Dove, Burton-on-Trent DE13 9AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the society becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
- 5 -
Rolleston Pre-school and Playgroup
Notes to the Financial Statements (continued)
Year ended 31 August 2023
3. Accounting policies (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the society during the year amounted to 8 (2022:9).
5. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 2,019 | 350 |
════ |
═══════ |
- 6 -
Rolleston Pre-school and Playgroup
Management Information
Year ended 31 August 2023
The following pages do not form part of the financial statements.
- 7 -
Rolleston Pre-school and Playgroup
Detailed Income Statement
Year ended 31 August 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Turnover | 101,970 | 115,062 |
| Cost of sales | ||
| Cost of sales | 903 | 755 |
| Playgroup cost of sales | 4,229 | 1,778 |
| Preschool cost of sales | 4,102 | 4,716 |
| Wages and salaries | 96,317 | 84,037 |
──────── |
──────── |
|
| 105,551 | 91,286 | |
──────── |
──────── |
|
| Gross profit | (3,581) | 23,776 |
| Overheads | ||
| Administrative expenses | 16,621 | 25,171 |
──────── |
──────── |
|
| (Loss)/profit on society trading | (20,202) | (1,395) |
──────── |
──────── |
|
| Operating (loss)/profit | (20,202) | (1,395) |
| Other interest receivable and similar income | 67 | 3 |
─────── |
─────── |
|
| (Loss)/profit before taxation | (20,135) | (1,392) |
═══════ |
═══════ |
- 8 -
Rolleston Pre-school and Playgroup
Notes to the Detailed Income Statement
Year ended 31 August 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Administrative expenses | ||
| Rent | 3,195 | 2,409 |
| Repairs and maintenance (allowable) | 1,653 | 4,725 |
| Telephone | 500 | 492 |
| Office expenses | 2,393 | 6,620 |
| Printing postage and stationery | 410 | 242 |
| Staff training | 935 | 1,642 |
| Staff welfare | 395 | 604 |
| Sundry expenses | 4,687 | 4,885 |
| Laundry and cleaning | 1,252 | 3,050 |
| Charitable donations (allowable) | 0 | 38 |
| Accountancy fees | 1,126 | 350 |
| Bank charges | 76 | 114 |
──────── |
──────── |
|
| 16,622 | 25,171 | |
════════ |
════════ |
|
| Other interest receivable and similar income | ||
| Interest on cash and cash equivalents | – | - |
| Interest on bank deposits | 67 | 3 |
──── |
──── |
|
| 67 | 3 | |
════ |
════ |
- 9 -
REGISTRATION NUMBER: 1027764
Rolleston Pre-school and Playgroup Unaudited Financial Statements
31 August 2023
Rolleston Pre-school and Playgroup
Financial Statements
Year ended 31 August 2023
| Contents | Page |
|---|---|
| Management committee report | 1 |
| Report to the management committee on the preparation of the | |
| unaudited statutory financial statements | 2 |
| Statement of income and retained earnings | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial statements | |
| Detailed income statement | 8 |
| Notes to the detailed income statement | 9 |
Rolleston Pre-school and Playgroup
Management Committee Report
Year ended 31 August 2023
The trustees present their report and the unaudited financial statements of the society for the year ended 31 August 2023.
Principal activities
The principal activity of the company during the year was a Preschool and playgroup activities.
Trustees
The trustees who served the society during the year were as follows:
Mrs J Gibson Mrs K Grant Mrs L Billings Mrs E Bradbury Miss C Renshaw Mrs O Basova Mrs C Hughes Mr S Holbrook Mrs E Ritchie Mrs D Sprinceana
This report was approved by the management committee on ..................................... 11/09/24 and signed on behalf of the board by:
Kim Grant (Sep 11, 2024 15:02 GMT+1)
Mrs K Grant Chairwoman
Registered office: School Lane, Rolleston-on-Dove, Burton-on-Trent DE13 9AQ
- 1 -
Rolleston Pre-school and Playgroup
Report to the Management Committee on the Preparation of the Unaudited Statutory Financial Statements of Rolleston Pre-school and Playgroup
Year ended 31 August 2023
As described on the statement of financial position, the management committee of the society are responsible for the preparation of the financial statements for the year ended 31 August 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes.
You consider that the society is exempt from an audit under the Co-operative and Community Benefit Societies Act 2014.
In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
- 2 -
Rolleston Pre-school and Playgroup
Statement of Income and Retained Earnings
Year ended 31 August 2023
| Year ended 31 August 2023 | ||
|---|---|---|
| 2023 | 2022 | |
| Note | £ | £ |
| Turnover | 101,970 | 115,062 |
| Cost of sales | 105,551 | 91,286 |
───────── |
──────── |
|
| Gross profit | (3,581) | 23,776 |
| Administrative expenses | 16,621 | 25,171 |
──────── |
──────── |
|
| Operating (loss)/profit | (20,202) |
(1,395) |
| Other interest receivable and similar income | 67 | 3 |
──────── |
──────── |
|
| (Loss)/profit before taxation | (20,135) | (1,392) |
| Tax on (loss)/profit | – | – |
─────── |
─────── |
|
| (Loss)/profit for the financial year and total comprehensive income | (20,135) | (1,392) |
═══════ |
═══════ |
|
| Retained earnings at the start of the year | 40,901 | 42,293 |
──────── |
──────── |
|
| Retained earnings at the end of the year | 20,766 | 40,901 |
════════ |
════════ |
The notes on pages 5 to 6 form part of these financial statements.
- 3 -
Rolleston Pre-school and Playgroup
Statement of Financial Position
31 August 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Cash at bank and in hand | 22,785 | 41,251 | ||
| Creditors: amounts falling due within one year | 5 |
2,019 | 350 | |
──────── |
──────── |
|||
| Net current assets | 20,766 | 40,091 | ||
──────── |
──────── |
|||
| Total assets less current liabilities | 20,766 | 40,091 | ||
──────── |
──────── |
|||
| Net assets | 20,766 | 40,091 | ||
════════ |
════════ |
|||
| Capital and reserves | ||||
| Profit and loss account | 20,766 | 40,901 | ||
──────── |
──────── |
|||
| Members funds | 20,766 | 40,907 | ||
════════ |
════════ |
The society is satisfied that it is entitled to exemption from the requirement to obtain an audit under section 84 of the Co-operative and Community Benefit Societies Act 2014.
The members have not required the society to obtain an audit of its financial statements for the year in question in accordance with the Act.
The trustees acknowledge their responsibilities for:
-
ensuring that the society keeps proper accounting records which comply with section 75 of the Co-operative and Community Benefit Societies Act 2014 (the Act);
-
establishing and maintaining a satisfactory system of its books of accounts, its cash holdings and all its receipts and remittances in order to comply with section 75 of the Act; and
-
preparing financial statements which give a true and fair view of the state of affairs of the society as at the end of the financial year and of its income and expenditure for the year in accordance with the requirements of section 80, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the society.
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the management committee and authorised for issue on . .......................... 09/11/24 , and are signed on their behalf by:
11/09/24
Kim Grant (Sep 11, 2024 15:02 GMT+1) Mrs K Grant Chairwoman Secretary
Registration number: 1027764
The notes on pages 5 to 6 form part of these financial statements.
- 4 -
Rolleston Pre-school and Playgroup
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The society is registered under the Co-operative and Community Benefit Societies Act 2014. The address of the registered office is School Lane, Rolleston-on-Dove, Burton-on-Trent DE13 9AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the society becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
- 5 -
Rolleston Pre-school and Playgroup
Notes to the Financial Statements (continued)
Year ended 31 August 2023
3. Accounting policies (continued)
Financial instruments (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the society during the year amounted to 8 (2022:9).
5. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 2,019 | 350 |
════ |
═══════ |
- 6 -
Rolleston Pre-school and Playgroup
Management Information
Year ended 31 August 2023
The following pages do not form part of the financial statements.
- 7 -
Rolleston Pre-school and Playgroup
Detailed Income Statement
Year ended 31 August 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Turnover | 101,970 | 115,062 |
| Cost of sales | ||
| Cost of sales | 903 | 755 |
| Playgroup cost of sales | 4,229 | 1,778 |
| Preschool cost of sales | 4,102 | 4,716 |
| Wages and salaries | 96,317 | 84,037 |
──────── |
──────── |
|
| 105,551 | 91,286 | |
──────── |
──────── |
|
| Gross profit | (3,581) | 23,776 |
| Overheads | ||
| Administrative expenses | 16,621 | 25,171 |
──────── |
──────── |
|
| (Loss)/profit on society trading | (20,202) | (1,395) |
──────── |
──────── |
|
| Operating (loss)/profit | (20,202) | (1,395) |
| Other interest receivable and similar income | 67 | 3 |
─────── |
─────── |
|
| (Loss)/profit before taxation | (20,135) | (1,392) |
═══════ |
═══════ |
- 8 -
Rolleston Pre-school and Playgroup
Notes to the Detailed Income Statement
Year ended 31 August 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Administrative expenses | ||
| Rent | 3,195 | 2,409 |
| Repairs and maintenance (allowable) | 1,653 | 4,725 |
| Telephone | 500 | 492 |
| Office expenses | 2,393 | 6,620 |
| Printing postage and stationery | 410 | 242 |
| Staff training | 935 | 1,642 |
| Staff welfare | 395 | 604 |
| Sundry expenses | 4,687 | 4,885 |
| Laundry and cleaning | 1,252 | 3,050 |
| Charitable donations (allowable) | 0 | 38 |
| Accountancy fees | 1,126 | 350 |
| Bank charges | 76 | 114 |
──────── |
──────── |
|
| 16,622 | 25,171 | |
════════ |
════════ |
|
| Other interest receivable and similar income | ||
| Interest on cash and cash equivalents | – | - |
| Interest on bank deposits | 67 | 3 |
──── |
──── |
|
| 67 | 3 | |
════ |
════ |
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