Registered number 1028609
Lordsmead Pre-School Playgroup
Report and Unaudited Accounts
31 August 2021
Lordsmead Pre-School Playgroup Registered number: 1028609 Trustees' Report
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 1015).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The principle activity of the charity is to provide appropriate play, education and care facilities for preschool age children. In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Trustees
The following persons served as trustees during the year:
T Griffiths S Goulton G Gray
Financial review
For the year ended 31 August 2021, the pre-school is reporting a deficit of £1663 (2020: surplus £8,441).
Reserves policy
It is the aim of the trustees to maintain funds which are free reserves of the Charity, at a level which provides sufficient funds to cover redundancy payments and future improvements to facilities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Lordsmead Pre-School Playgroup was registered as a charity on 23 November 1993 (registered under charity number 1028609). The charity is governed by constitution, which was adopted on 31 March 1993 and updated on 30 October 2009. The charity was established to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by offering appropriate play, education and care facilities.
Recruitment and appointment of new trustees
The charity's work focuses upon young people. The trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The more traditional business skills are well represented on the Board of Trustees. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board of Trustees.
This report was approved by the board on 28 March 2022 and signed on its behalf.
T Griffiths Trustee
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Independent Examiner's report to the trustees of Lordsmead Pre-School Playgroup
I report to the charity trustees on my examination of the accounts of Lordsmead Pre-School Playgroup (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that I any material respect:
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1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karen Sayers Limited Chartered Accountants 29 Silver Street Colerne Wilts SN14 8DY
30 March 2022
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| Lordsmead Pre-School Playgroup Registered number: Balance Sheet as at 31 August 2021 Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Funds Unrestricted funds TOTAL FUNDS |
1028609 2021 £ 7,821 44,148 (1,048) 43,100 50,921 50,921 50,921 |
2020 £ 8,689 44,677 (782) 43,895 52,584 52,584 52,584 |
2020 £ 8,689 44,677 (782) 43,895 52,584 52,584 52,584 |
|---|---|---|---|
| 52,584 | |||
| 52,584 | |||
| 52,584 |
T Griffiths Trustee Approved by the board on 28 March 2022
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Lordsmead Pre-School Playgroup Income and expenditure for the year ended 31 August 2021
| Income Administrative expenses Other operating income Net income/(expenditure) Interest receivable Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 £ 105,245 (108,461) 1,551 (1,665) 2 (1,663) 52,584 50,921 |
2020 £ 106,588 (98,157) - |
|---|---|---|
| 8,431 10 |
||
| 8,441 44,143 |
||
| 52,584 |
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Lordsmead Pre-School Playgroup Notes to the Accounts for the year ended 31 August 2021
1 Accounting policies
Basis of preparation
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and reporting by Charities:Statement of Recommended Practice aplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicablein the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that the transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
10% reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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Lordsmead Pre-School Playgroup Notes to the Accounts
for the year ended 31 August 2021
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 September 2020 At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 4 Creditors: amounts falling due within one year Taxation and social security costs Other creditors 5 Unrestricted funds At 1 September 2020 Incoming resources Resources expended At 31 August 2021 Staff wages and costs were £79,989 (2020 £72,062) |
2021 Number 7 2021 £ 568 480 1,048 2021 £ 52,584 105,245 (106,040) 51,789 |
2020 Number 8 |
|---|---|---|
| Plant and machinery etc £ 16,328 |
||
| 16,328 | ||
| 7,639 868 |
||
| 8,507 | ||
| 7,821 | ||
| 8,689 | ||
| 2020 £ 302 480 |
||
| 782 | ||
| 2020 £ 44,143 106,600 (98,159) |
||
| 52,584 |
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Lordsmead Pre-School Playgroup Detailed profit and loss account for the year ended 31 August 2021
This schedule does not form part of the statutory accounts
| Income Fees Grant Fundraising Furlough income Snacks Covid related grants Administrative expenses Charitable activities Wages and salaries Pensions Clothing Milk payments and snacks Educational resources Consumables Staff training Trips and parties Pupil premium costs Premises costs: Rent Outdoor refurbishment General administrative expenses: Telephone and fax Stationery and printing Subscriptions Insurance Equipment expensed Software Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other operating income Net other income (t shirt sales etc.) |
2021 £ 10,275 93,222 620 - 1,128 - 105,245 79,100 889 63 781 1,572 1,050 1,283 605 1,260 86,603 14,280 - 14,280 462 1,764 157 859 2,047 39 868 662 6,858 720 720 108,461 1,551 |
2020 £ 7,146 91,964 3,888 2,290 - 1,300 |
|---|---|---|
| 106,588 | ||
| 71,311 751 426 702 2,859 410 614 208 - |
||
| 77,281 | ||
| 10,782 2,592 |
||
| 13,374 | ||
| 622 2,298 166 908 618 26 965 858 |
||
| 6,461 | ||
| 1,041 | ||
| 1,041 | ||
| 98,157 | ||
| - |
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