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** OLg9 9696S 3¥niiaN3dx3 ¥3AO 3bYO?NI 40 SS3?X3 600tp£ 6LL ogtr LZL 1$gdEi IEyod èuiiuo ISqeMJ6uisiyaApy syaaug UilPeHisoa eqwnTrsJa¥iJisJadns uiuaew auiiLupaJis SJ419 6uiuiEJI UPIS uoryeigajdao sJuowaAoJduJi uapjeg upunowy 3ddi6uiyioi? gAlI￿10jd 'J?aM¥JOM saguadx3 knpuns 6uiueai? pue piouesnoH iuaujdinbg PUE sAoi suoiidijasqns PUE Sa?UaJll 'SaO ajuwnsui SIPMaU•￿ puE ￿l￿da 6uiddo4s Jadoooioud Ajauoiiws pue è6wsod ieweiui puE auoudèièi 3AVd ? sa6EM 3¥￿iaN]dXa trl L6b otr sg 69 IpL8 Ltr61 zo OV8 19£ 98£ g89 61 8kZ 9gz 061L og 990 trOL 88 09$ trg9 9tr9 98L 661T 99 90199 Ig k£8 oz 9£g6 $0104d iuEJg PUP N 1sgJaiui fyèisos buipiin iuEJg AJEIES 46noiJn Iijunoj &uno?112MWO 6uis!EJpun 91qEAiasa￿ saaj 3WO?NI 069 SL60tr 0£ 580£ 900g 89l tr£0£ oza zoz isngny is&£ a3aNa ¥V3A 3HI ¥0 INno??V 311nllaN3dX3 aNV awo?Nl IOOHJ*3¥d SNII>J3VI 371117 9tr6£ Okg9 trL99tr zgL6 9tr6£ aJmipuadx3 JèAo awo?ui Jo ssa?x4 Pj?￿01 iu6noJq aJueie8 INno??V Ivlldv? AS 039NVNI 9P6£ 17l98tr 061Ztr S13SSV INa¥iifi9 13N 908 sJoiipaJ? Ajpuns S311171SVII IN3¥¥n LZ8£ L Ltrgtp PU?H ui yseg iunwgy iSaMFN {pund spa8N IEI?èdsl sseuisng iS8MleN iuno?gE 8si spAoii sJoJqaa S13SSV IN3¥¥n? L6££ 108£ Ltr 6£ Ltr 968 9Z LL 080I uo!i?i?eJdaa .'ssai S61£ suoiiippv OZ 8 L£ @) iuawdinb3 J?4Jo LOL ZZOL Ltr£ 9£1 tr£1 Le6 L6L zoi uo4eiaaJdèa .'ssei suoiiippy oz-80 k£ @ iuawdinb3 ABld 8IL LOS 08£ 69L 919 65L UallE19aJd8a '.ssai LOS $uoiy.ppv OI'BO. L£ IB iU•Ludinb3 ajglo pu? Jaindwo S13ssv 03x14 io ozo LIO oz isngnv iv SV i43HS 3?NWIV8 IOOH?S-3¥d SN17¥3W 371111 uosJadJiEiIg SLNVLNnoJJv a3¥118VHg IIVMNUOJ NOISlaH 133uis 3gV3Naw L6 oj? LEOC j￿LUa￿0N Lllog euij s, Oy?S-aJd io iunoJ)E aieJnJ?E iIE eAI6 elep iEUi papug JeèK aui Jol iunoggy ajniipuadxa PUE 8WO?Ul aLn pup iioz Jsn6ny ISL£ ip qni J Jo ièa4S eOUEIES ayi sn oi uèA16 SUOIJEueidxa o16uipj0￿E pue aSpeiMOU¥ Jno io isaq aui oi PUE uoiuido Jno ui lun0￿￿ 10 S¥OOq 1141IM ￿uep￿0OaE ui aJE 4914M iunojjy ssoi PUE ljl Ojd PaXaUUe puE 1è8us a?UEIE8 Peil?Eue a paJEd8Jd 8AEU em s¥ooq asoLU JO UOIiEUlWPXa Jno WOJJ SJEaddE SP JPI os J?Jnse•Ji ayi Aq Iday uaaq lUn￿￿E io s¥ooq Jedojd 'uoiuido Jno ui 's]uno￿E S,IOOy%aJd 94110 UOII?JEdaJd auj Joj ￿E$S￿ou èJaM Jaieq pu? a6p?IMou¥ Jno Jo isaq eui 01 suoiieueidxa PUE UOIiPLUJOiUI ayi pauieiqo aAEU am zoz isnonv isk£ iv sv 133HS 3?NVIVS IOOH?*311d SNII¥JVI 371117 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 ..