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:
- 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 2 the accounts do not accord with those records; or
- 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
3
## **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|
4
**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|
6
## **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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