2021-08-31-accounts

AGM – 27[TH] JANUARY 2022

ANNEX 3

Little Merlins Pre-School

Report of the Trustees

For year ended 31st August 2021

The trust provides sessions for children of pre-school age ranging from 0-5years. A large proportion of the income is provided through the Government’s voucher (funding) scheme. During this year income has increased in total from £66,208 to £83,161 with £4081 increase in Council funding and direct fees (non funded children) £4989 higher. In addition the trust received a grant of £9536 which contributed substantially to the total increase.

Total expenditure has understandably increased again this year, particularly wages which were £4317 higher which is to be expected with the changes to minimum wage, the increase in staff numbers to cover the increased children attending sessions (particularly younger children where a higher staff ratio are required), toys and equipment £876 higher. A big difference this year was in the repairs and renewals category which was £5325 higher than the previous year, but this included £4403.48 for the wetpour resurfacing which was carried out on our outdoor play area and meant the surface is now safe for play outdoors in all weather conditions, which has been very necessary during the Covid regulations.£18, 392. There was also expenditure upon new equipment of £1915 and other equipment of £3795, being principally the climbing frame, pergola and shed, all of which have enhanced our outdoor area.

The net excess of £9152 is an increase on the previous year’s figure but this was mainly due to the grant of £9536 and if this had not been received there would have been a small loss of £384. However, the repair expenditure is unusual and unlikely to recur in future years.

The trust maintains a special needs reserve fund of £3807 as its mainstream reserve, whilst the bank balance has increased to £38,653. The trust continues to improve the level of reserves and are satisfied with the progress made in this year.

There were no serious incidents which required the Trust to make any formal report to the Charity Commission occuring during this period of accounts.

Emma Lemon

Chairperson

Little Merlins Pre-School Committee

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Independent Examiner's Report to the Trustees Little Merlins Preschool We retK)rt on the accounts of the Trust for the year ended 31" August 2021, which are set out on the attach¢d pages. Resp¢etiv¢ responsibilities of trust¢es and examiner The Clwity's T￿￿teeS are responsible for the preparation of the accounts. The Cliarity's TTUSt¢¢s consider that an audit is not required for this period (under section 144 of The Charities Act 2011 (The Charities Act), and that all independent examination is needed. It is our responsibility to- Examine the a¢¢ounts (under section 145 of The Charities Act), To follow the procedures laid doNvn in the GeneTal Directions given by The Charity commission (under ￿¢tion 145(5)(B) of The Charities Act, and To state whether particular matters have come to our attention. Basis of Independent Examiner's R¢port Our examination carried out in accordance with the General Directions given by the Charity Conunission¢rs. An examination includes a revicw ot the accounting records kept by the Clwllty and a comparison of the accounts presented with those TecoTds. It also includes consideration of any unusual iterns or disclosures in the accounts, and seeking explanations from the Truste¢s concerning any such n￿tters. The PTDcedures undertaken do not provide all the evidence that would be required in an audit, consequently no opinion is given as to whether the accounts present a true and fair view the report is limited to those matters set out in the statement below. Independent Examin¢r's Statement In Conn￿tion with our examinaticn, no nthtfrr bas come to our attention.. {1) which gives us Teasonable cause to believe that in any material respect the requirements.. To keep accounting records in accordance with section 130 of The Clwities Act To prepare accounts which accord with the accounting records and comply with the account requirements of The Charities Act have not b¢¢n met (2) to which, in our opinion. attention should be drawn in order to enable a propeT understanding of the accounts to be Teached. Begent, CIIARTERED ACCOUNTANT 97 Meneage Street. Helston, Cornwall. TR13 8RE Dated ..