Charity number.. 1028370
BEACHES pRE￿CHOOL
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

BEACHES PRESCHOOL
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
Independent oxamlnerfs report
Statement of financlal act5vitie5
Balance shggt
Notes to the financlal staternents
8-18

BEACHES PRESCHOOL
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2021
Trustees
Rachael Heme. Chair
Elaine T￿er. Secretary
Catherine Wilson. Treasurer
Sian E￿ardS
Charity registered
numbèr
1028370
Prlnclpal offlco
cjo Wesuands CP Sdv)
Beeches Close
Chelmsford
Essex
CM1 2SB
Independent examlnor
MHA Maclntyre Hudson
Chartered Accountsnls
Colchester Buwness Park
Colchester
Essex
C04 9YQ
Page 1

BEACHES PRESCHOOL
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
The Trustees present their annual report together wth the finanaal ststemenls of the Charity for the year 1
September 2020 10 31 August 2021.
Oblectivey and actlvitiey
• Purp¢)se and ob1K￿¥8$
The purpose and objective of the Pr￿schoOl, as per rts Constthilion, is lo advance the development and
education of children primarily under stslulory school age by".
al encouraging parents lo understand and provide for the needs of their children through community groups
bl offering appropriate play, education and care facilities, family leaming and exiended hours groups, together
with the right of paren15 to lake responsibilty for and to become Involved In the activities of such groups,
ensuring that such groups offer opportunities for all children vthalever their race, culture, religion, means or
cl encouraging the study of the needs of such children and their families and promoting public interest in and
recognition of such needs in the lo￿1 areas
dl instigating and adhering lo and furthering Ihe aims and objecls of the earty y8ars leaming alliance
In selling objectives and planning for activities. the Trustees have given due consideration lo general guidance
published by the Charity Commiswon relating lo public benefit, induding the guidance 'Public benefit.. running
harity IPB21'.
Maln actlvltles undertaken to achelve obJKts and to further th• Charlty's purposes for the publlc
beneflt
The Charity provides a Pr&School environment lo enable the development and education of the children that
attend. This is acheived by.
al offering appropriate play facilities and training courses, ensuring opportunilies for all Chlidren, regardless ol
race, culture. religion or means.
bl encouraging the study of the needs of yJth thildren and their families and promoting publie interest in and
recognition of such neetls in the local area.
cl insligalion and adhering lo and lurthering the aims of the eady years leaming alliance.
Achlevements and pofftirniance
• Maln achlevements of the Charlty
During the period the Charity operated a Pre•School group on five days a week during term times, offering
choice of three drfferenl session limes.
These sessions enable parents and carers ￿s$ lo childcare in a slimulated environment.
The sessions are run by employed, qualified staff and are supervised by an employed Pre-school supervisor.
A lotsl of 82 children attended the Pr&School in the penod ￿0$S one academic year.
Volunteers on the Committee held a nUm￿r of fijndraising activrties throughout the school calendar year lo
raise money for improving the Pre-schools facil￿eS.
Page 2

BEACHES PRESCHOOL
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2021
Flnanclal revlew
Going ¢on¢grn
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operational exislence for the foreseeable fuiure. For this reason. they continue lo
adopt the going concern basis in preparing the ffinancial statements. Further detsils regarding the adoption of
the going concern basis can be found in the accounting poliae$.
Resgrves pollcy
Reserves are held lo meet the ftrture commrtments of the Prevschool and to ensure any g8p in funding can be
managed effeetively. ensuring the activities of the Prtrschool can continue as requi￿d.
11 is the policy of the Pre-school lo I1￿k lo establish reserves that would equate lo three months, running costs,
this being approximately £55,000 based ￿ the expendrture incurred in the 20121 period, with the level of
reserves monitored by Trustees regularty.
The reserves of the Pre-school shall only be used for the purposes of the Pr&Sch¢x*l and no payment shall be
made lo any member, except..
al if that member is employed by the PrfrSch¢x
bl as repayment of expenses property incurred on behalf of the Pr&Sehool
cl as interest al a reasonable rale on money lent lo the Pf&School
One Trustee is remunerated as an employee of the Pre-school. No Trustees afe remunerated for their role as
a Trustee.
Flnanclal revlew
Nursery grants are received from Essex County Council in respect of children over the age of 3 years. Parents
of children under 3 years pay fees on a per session basis. Monies made from fundraising activities are used lo
provide additional facilities for the Pre•School.
During the year, the Pre-Schoc4 recognised income of £204.31712020'. £192.2461. Expenditure on charitable
activrties of £217,00612020'. £215,097) was incurred, resulling in a net deficil of £12,68912020.' £22,851).
Al the year-end, unrestricted ffijnds of £114,511 12020.. £127.200} were held.
In previous accounts'ng perI￿ls. the Charity has wepared aCc￿unIS on a receipts and payments basis. This
year. the Charity has prepared accruals accounts under SORP 2015 FRS 102 for the first lime, and the prior
year balances have been restated on a like-for-like basis. Further details can be found in Note 14 to the
accounts.
Slructurg. govgmancg and managemgnt
• Constitution
Beaches Pre-school is a regislered tharity, number 1028370, and is constytuted under a Pre-school
Constitution.
Page 3

BEACHES PRESCHOOL
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2021
Structure. govemance and management Icontlnuedl
• Meth¢xls of appolntment or olecllon of Tru$leos
The management of the Charrty is the responsikn'lity of the Trustees vh)0 are elected and ctropled under the
terms of the Pre-schod Constituti￿.
• Flnanclal rlsk management
The Trustees have assessed the major risks to th8 Charity is exposed, in parb'cular those related lo the
operations and finances of the Chanty, and are salisfied that systems and procedures are in place lo miligale
exposure to the major risks.
Slatem•nt of Trustfjos. r8spon$lbSlltles
The Trustees are responsible for preparing the Trustees, ￿port and the financial stslements in accordance
with applicable law and United Kingdom Accounting Slandards (United ￿'ngdOM Generally Accepted
Accounting Praclicel.
The law applicable lo charits'es in England & Wales requires the Tfustees lo prepare financial slalemenls for
each financial year vknich give a true an¢J fair view of the stsle of affairs of the Charity and of its incoming
resources and application of resources. induding ils income expenditure, for that peri¢xl. In preparing
these financial statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently..
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and aeeounbng eslimales that are reasonable and prudent.,
stsle whether applieable UK Accounting Standards IFRS 1021 have followed, subject lo any
material departU￿S disdosed and explained in the financial stslemenls.,
prepare the financial slalemenls on Ihe g￿ng concem basis unless it is inappropriate to presume that
the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting re￿dS that are Sufficient lo show and explain
the Charty's transactions and disdose wth reasonable accuracy al any time the financial posrtion of the
Charity and enable them to ensu￿ that the financial stslemenls comply wlh the Charities Act 2011, the
Charity (Accounts and Reports) Regulations 2008 and the proviwons of the Pre-school Constrtulion. They are
also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularilies.
Approved by Order of the members of the board of Trustees and signed on their behalf by..
Sian Edv•wrds
Trustee
Dale. 1910412022
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BEACHES PRESCHOOL
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
Independent examlner's report to the Trustees of Beaehes Pr&School llhe Charlty'l
I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August
2021.
Rgspon$lbllbtles and ba$ls of report
As the Trustees of the Charty you are responsible for the p￿paratIOn of the accounts in accordance with the
requirements of the Charits'es Act 2011 llhe 2011 Act.).
I report in respect of my examination of the Charitrfs aeeounts carried OLrt undef section 145 of the 2011 Act
and in carrying out my examination I have followed the applicable Directions given by the Charity Commission
under section 14515llbl of the 2011 Act.
Independènt •xamlnèrfs stst•m•nt
Your attention is drawn to the fad Ihal the Charity has prepared Ihe accounts in accordance with A¢￿untIng
and Reporb'ng by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in aecordanee the Finanual Reporting Standard applicable In the UK and Republic of Ireland
IFRS 1021 in preference lo the Accounting and Reporting by Charities. Statement of Recommended Practice
issued on 1 April 2005 which is referred lo in the extant iegulalions bul has been withdrawn.
understand that this has been done in order for the accounts lo provide a true and fair view in accordance
with the Generally Accepted Accountsng Practice effective for reporting penods beginning on or after 1
January 2015.
I have eompleled my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accountsng records were nol kept in respect of Ihe Charty a$ required by section 130 of the 2011 Act., or
the accounts do not aceord wlh those records., or
the accounts do not comply with the ap￿iCable requirements conceming the form and conlenl of
accounts sel QLrt in the Charilie$ (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a Irue and fairf view %thich 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 lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
Daled.. 2710412022
Cara Miller ACCA
910 The Crescent, Colchester Business Park. Colchester. Essex, C04 9YQ
Page 5

BEACHES PRESCHOOL
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 AUGUST 2021
As reslaled
Total
funds
2020
Unrestricted
funds
2021
Total
funds
2021
Note
Incomo from:
Donations
100
Charitable activrties
Other trading activities
Bank interest r￿e1Vable
202.077
1.992
202,077
1,992
190,219
1,926
Total Income
204.317
204,317
192,246
Expendlturn on:
Charitable ath'vilies
217.006
217,006
215,097
Totsl expendlturè
217.006
217,006
215,097
Nèt movèment In funds
112,689}
112,6891
(22,851?
Reconclllatlon of funds..
Total funds brought fomard
Net movement in funds
10
10
127.200
112,689)
127,200
112,6891
150,051
(22,851)
Totsl funds carrled forwa
10
114,511
127,2(
The Slalement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 10 18 fomi part of these financial slatements.
Page 6

BEACHES PRESCHOOL
BALANCE SHEET
AS AT 31 AUGUST 2021
As reslaled
2020
2021
Note
Flxed assèts
Tangible assets
18,112
36.224
18,112
36,224
Curront assets
Debtors
Cash al bank and in hand
225
100,249
91,448
100,474
93,003
Creditors.. amount¥ falling due within one
year
{4.0751
(2,027)
Net current assets
%,399
90.976
Total net assets
114,511
127,200
Charlty funds
Unreslricled funds
10
114,611
127,200
Totsl funds
114,511
127,200
The financial stslements were approved and aLrthorised for issue by the Tfustees and signed on their behalf
Slan Edwards
Trustee
Dale. 1910412022
The notes on pages 8 10 18 form part of these financial statements.
Page 7

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
General information
The Charity is an unincorporated charity regISte￿d the Charity Commission in England and Wales
(Charity Regislratson Number 10283701 and constiluled under a Pre-school Consts'tuts'on, adopted 12th
November 1991. and amended on 5th Odober 2009 and 14th October 2011.
The address of the registered office is given on the Charity information page 1 of these financial
stslemenls. The nature of the Chanty's operats.ons and piincipal activities are listed in the Trustees
Report.
Accountlng pollcl¢s
2.1 Basls of preparatlon of financlal ststements
The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Chantses." Statement of Recommendèd Praetice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a Irue and fair. view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'lrue
and fair. view. This departure has involved following the Charitiès SORP IFRS 1021 publishèd in
October 2019 rather than the Accounting and Repo￿"n9 by Charities. Slalement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Beaches Pre-school meets the definilion of a publi¢ benefft entity under FRS 102. A$$e15 and
liabilities are initially recognised at hislorieal cost or transaction value unless olherwse slated in thè
relevant aceounling policy.
In previ(KJs accounting periods. the Charity has prepared accounts on a receipts and payments
basis. This year. the Charity has prepared accruals accounts under SORP 2015 FRS 102 for the
rir$t time. and the prior year balances have been ieslatgd on a likfrfor-like basis. Further details
can be found in Note 14 to the accounts.
2.2 Going concem
The financial Stslements have been prepared on a going concem basis as the Trustees believe that
no material uncertainties exist. The Trustees have considered the level ol funds held and the
expected level of income and expenditure for 12 month5 from authorising these financial
slatemenls, Induding the impact of COVID-19. The budgeted income and expenilure is sufficient
with the level of reserves for the Chanty to be able to continue as a going eoncem.
Page 8

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng pollcles Icontlnued)
2.3 Income
All income is fecognised once the Charrty has entitlement to the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants, including govemment grants. are induded in the Ststemenl of financial adivities on a
receivable basis. The balance of income received for specific purposes bul not expended during
the period is shown In the relevant funds on the Balance sheet. Wherè incomè is recÉived in
advance of enlillemenl of receipt. Ils recognition is deferred and Included in creditors as deferred
income. Where enlillemenl occurs before income is received. the income is accrued.
Income lax rKoveralJe in relation to investment income is r8cognised al the lime the inveslm8nl
income is re￿1Vable.
2.4 Exp•ndlturn
Expenditure is recognis8d once there is a legal or conslructNe obligation lo transfer econornic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of eaeh aetivity afe made up of the total of direct costs and Shared costs.
including support CL)sls involved in un(Jertaking each aclivily. Direct costs attributable lo a single
activity are allocated directly lo that activity. Shared costs which contribute lo more than one
activity and support costs which are not attribulable lo a single activity are apportioned between
those activities on a basi$ consistent wth the use of resources. Central staff costs are all¢xaled on
the basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on chartsble activities is ir￿Urred on directty undertaking the activities ￿lch further
the Charity's objectives. as well as any assoaaled Sup￿ costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recèlvable
Interest on funds held on deposrt is induded %then receivable and the amount can be measured
reliably by the Charity.. this is nomially upon notification of the interest paid or payable by the
institution with whom Ihe funds are deposrted.
2.6 Tangible fixed a55ets and depreciation
Tangible fixed assets are caytslised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliabty.
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciats.on and any accumulated
impainnenl losses. All costs Incurred to bring a tangible fixed asset into ils intended working
condition should be indudeo in the Measu￿Ment of cost.
Page 9

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng pollcles Icontlnued)
2.6 Tangible fixed assets and depreciation Icontinuedl
Depreciab'on is charged so 8$ to allocate the cost of tsngible fixed assets less their residual value
over their esbmated useful lives. using the straight-line method.
Depreciaty'on is provided on the followng basis..
Building improvements
20% straight line
2.7 Debtors
Trade and other debtors are re￿gnIsed al the settlement amount after any trade discount offer8d.
Prepayments are valued at the amounl prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash al bank and in hand indudes cash an(1 short-lemi highly liquid irweslrnenls with a short
maturity of three months or less from the date of acquisrtion or opening of the deposit or similar
ar￿u￿t.
2.9 Llabllltlos and provbslonj
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in Settlement, and the
amount of the settlement can be eslimaled reliably.
Liabilities are recognised al the amount that the Charity antiupates il wll pay lo settle the debt or
the amount il has received as advanced payments for the goods or services it musl provide.
Provisions are measured al Ihe best estimate of Ihe amounts required lo Settle the obligation.
Where the effect of the lime value of money is material. the provision is based on the present
value of those amounts. discounted at the pr￿taX discount rale that reflects the risks specific lo the
liability. The unwnding of the discount is recognised in the Stslemenl of financial activities as a
finance cost.
2.10 Flnanclal Instrurnents
The Charity does not have a material holding in complex financial inslrumenls. The Charity only
holds basic Finanual Inslrumenls. The finanual assets and financial liabilities of the Charity are as
follows..
Debtors - Trade debkffs are basic finanaal instwments and are debt instruments measured at
amortised cost as detailed in Note 8. Prepayments are not financial instruments.
Cash al bank- is classified as a basic finanu81 instrument and is measured al face value.
grants accrued. accruals aThJ other creditors will be dassified as finanaal instruments,
and are measured at amortised cost as detailed in Note 9. Deferred income is not deemed to be a
financial liability, as the cash settlement has already taken place and there is simply an obligation
to deliver ¢harrtable seNi¢es rather than cash or another financial instrument.
Page 10

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng pollcles Icontlnued)
2.11 Pensions
The Charity operates 8 defined cL)ntn"bub"on pension scheme and the pension charge represents the
amounts payable by the Charity to the lund in respect of the year.
2.12 Fund accounting
General lunds are unresth.cted fur￿$ which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity ￿1¢h have r￿t been designated for other
purposes.
Investment income, gains and l¢)ss8s are allocaled lo the appropriate fund.
Page 11

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Income from charitable activities
As reslaled
Tolal
funds
2020
Unrestrl¢ted
lunds
2021
Total
funds
2021
Provision of Pre-school education
202,077
202,077
190,219
Total 2020 8$ restated
190,219
190,219
Included in the above are govemment grants of £180,193 12020". £174.1651, re￿iVed from Essex
County Council. There were no unlulfilled commitments assoaaled with this income at the ye8r.end
date.
Anglysl¥ of gxpgndlturg by 8¢¢lvStl
Actlvltlej
undertaken
dlrg¢tly
2021
Support
costs
2021
Total
funds
2021
CharilatAe activities
176,271
40,735
217,006
As restated
Activities
undertaken
d1￿cl1Y
2020
As restated As reslaled
Support
Tol81
costs
funds
2020
2020
Charitable activities
177,336
37, 761
215,097
Page 12

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Analysis of expenditure by activities Icontinuedl
Analysls of dlrect costs
As ￿stated
Total
funds
2020
Total
funds
2021
Stsff costs
Rent
Educational toys and resources
Small equipment and materials
Refreshments
Training
Clothing
Event¥
157,212
7.400
468
4,121
3.836
1,089
1,339
155,671
7,400
2,003
5,554
4, 135
1,049
401
1, 123
176,271
177,336
Analysls ofsupport costs
As restated
To181
funds
2020
Total
funds
2021
Depreciation
Cleaning
Repairs and maintenance
Internet and telephone
Printing, postage and stationery
Sundries
Legal and professional Fees
Subscriptions
Insurance
Govemance costs- Independent examiners remuneration
Office costs
18,112
1.028
3.723
18,112
553
1,430
1, 160
3, 158
2,507
3,620
1,064
2, 769
1.982
1.894
5.137
1,240
1.590
2.880
60
899
Rates
2.125
2,489
40,735
37,761
Page 13

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Staff costs
As reslaled
2020
2021
Wages and salaries
Social security costs
Contribub'on to defined contribution pension sthemes
152,187
2,867
2,168
149,230
4,213
2,228
157,212
155,671
The average number of persons emFAoyed by the Charity during the year was as follows..
2021
No.
2020
No.
Employe¢$
11
11
No employee received remuneration amounling lo more than £60,000 in either year.
The Tnjslees are considered lo be the Key Management Personnel of the Charity. Further details of
Trustee remuneration have been provided in Note 6 to the aecounls.
Trusteos. romunoratSon and expens6s
During the year, no Trustees received remunerats.on or other benefits in fulfilling their duties as a Trustee
(2020- £NIU.
One Trustee, Sian Edwards. re￿iVed remuneralion from their employment with the Charity for their ro19
as Pre-school Manager. This remuneration was authorised by the Trustees and was allowable under the
goveming Conslilulion. The lotsl remuneration for the period was £26,041 12020." £23,798), wrth pension
contributions of £59412020.. £529).
During the year ended 31 August 2021, Trustee expenses have been incurred (2020- £NILJ.
Page 14

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Tangible fixed assets
Bulldlng
Improvg-
ments
Cost or valuatlon
Prior Year Adjustment
90,580
At 1 September 2020 las reslatedl
90,660
At 31 August 2021
90,560
Dgprsc5at5on
Prior Year Adjuslmenl
54,336
At 1 September 2020 las rest*edl
Charge for the year
64,336
18,112
Al 31 August 2021
72,448
Nèt book value
Al 31 August 2021
18,112
Al 31 August 2020 (as restaledj
36,224
Debto
As rgslaled
2020
2021
Due within one year
Trade debtors
226
1,555
225
1,555
Page 15

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Creditors: Amounts falling due within one year
As reslaled
2020
2021
Other lax81ion and social securrty
Accruals
1,195
2,880
839
1,188
4,075
2,027
10. Statement of funds
Statement of funds- curTent year
Balance at 1
Sèptember
2020
Balance at
31 August
2021
Income Exp•ndlture
Unrestdcted funds
General Funds
127.200
204.317
{217,0061
114,511
ststemgnt of funds - prlor year
As reslaled
Balance al
I September As ￿stated As Trstated
2019
Incon7e Expenditur
As restaled
88lance al
31 August
2020
Unrestrfcted lunds
General Funds
150.051
192.246
(215,097)
127,200
Page 16

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
11. Analysis of net assets between funds
Analysls of net assets between lunds - current year
Unrgstrlctgd
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due ￿thIft one year
18.112
100,474
14,0751
18,112
100,474
14,0761
Total
114,511
114,511
Analysls of n•t assèts botwèen funds- prlor yèar
Unrestricted
funds
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due wlhin one year
36,224
93,003
(2,027)
36,224
93,003
(2,027)
Total
127.200
127,200
12. Opgratlng 1ga$e commltments
Al 31 August 2021 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows-.
2021
2020
Premises
Not later than 1 year
Later than 1 year and not later than 5 years
5,550
7,400
5,550
5,550
12,950
Page 17

BEACHES PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
13. Related party transactiony
Other than the dI￿10S￿reS in Notes 5 and 6. there have been no related paty transactions in either
reporting period.
14. Prlor year restatement
In the current year. the Charity has prepared ils &counls under SORP 2015 FRS 102 for the first time.
with previous accounting periods being prepared ￿ a receipts and payments basis. As a result, the prior
year balances have been restated.
In the prior year accounts, the income. expendrture and bank balance were reported as being £192,186,
£213,338 and £38.828 respectively." after feslatsng the prior year balances. these have now been
presented as income of £192,246. exFenditure of £215.097 and a bank balance £91,448.
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