REGISTERED CHARITY NUMBER: 1028702
Sonning Common Pre-School Charity Reports and Accounts
31 March 2022
Radford & Sergeant Ltd
1 Prospect Street Caversham Reading RG4 8JB
Sonning Common Pre-School
Contents of the Financial Statements for the Year ended 31 March 2022
| Contents | Pages |
|---|---|
| Trustees Report | 1 to 2 |
| Independent Examiners Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash Flows | 6 |
| Notes to the Financial Statements | 7 to 8 |
| Detailed Statement of Financial Activities | 9 |
Sonning Common Pre-School
Trustees Report for the Year ended 31 March 2022
The trustees present the report and accounts for the year ended 31 March 2022.
Registered Charity number 1028702
Principal address
Grove Road Sonning Common Reading RG4 9RJ
Principal activities
The charity's principal activity during the year is a pre school for children.
Trustees
Clare Saunders Trustee Merlin Meyer Trustee and Chair Alexandra Viljoen Acting Vice Chair Martin Tucker Treasurer - appointed 01/02/2022 Katy Tucker Trustee - appointed 01/02/2022
Independent examiner
Kim Swain Radford & Sergeant Ltd 1 Prospect Street Caversham Reading RG4 8JB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document - Constitution adopted 9 June 1993 and amended 1 November 1993 as amended 12 January 2009.
Charities Status
This report has been prepared in accordance with the Charities Act 2011.
Page 1
Sonning Common Pre-School
Trustees Annual Report (continued) for the Year ended 31 March 2022
OBJECTIVES AND ACTIVITIES
To run a community preschool providing childcare for up to 30 hours per week.
Preschool open 9am - 3pm, Monday - Friday during school term time (38 weeks of the year.) Parents can claim funded hours or pay for sessions themselves until their child becomes eligble for funding.
ACHIEVEMENT AND PERFORMANCE
Preschool provision for local children aged 2 - 5 prior to attending school.
FINANCIAL REVIEW
Sufficient reserves kept to cover redundancy pay, in the event of permanent preschool closure.
Approved by order of the board of Trustees on 31st January 2023 and signed on its behalf by:
���������������� Merlin Meyer- Chair
Page 2
Sonning Common Pre-School
I�de�e�de�� E�a���e��� Re���� �� ��e T����ee� �f S�����g C����� P�e-Sc����
I report on the accounts of the pre-school for the year to 31 March 2022, which are set out on pages four to eight.
Respective responsibilities of trustees and examiner
The pre school�s trustees are responsible for the preparation of the accounts. The pre school's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts (under section 145 of the Charities Act);
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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To state whether particular matters have come to my attention.
Ba��� �f ��de�e�de�� e�a���e��� �e����
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
I�de�e�de�� e�a���e��� ��a�e�e��
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements
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- of the Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Kim Swain MA (Oxon) FCA Radford & Sergeant Ltd 1 Prospect Street Caversham Reading RG4 8JB
31st January 2023
Page 3
Sonning Common Pre-School
Statement of Financial Activities for the Year ended 31 March 2022
| Statement of Financial Activities for the Year ended 31 March 2022 |
||
|---|---|---|
| Note Income Cost of Income Gross Profit Administrative expenses Operating Surplus/ (Deficit) 2 Reserves brought forward Reserves carried forward 2 |
Unrestricted Funds 2022 £ 135,069 (12,259) 122,810 (132,338) (9,528) 94,910 85,382 |
Unrestricted Funds 2021 £ 147,139 (6,594) |
| 140,545 | ||
| (120,321) | ||
| 20,224 74,686 |
||
| 94,910 |
The notes form part of these financial statements
Page 4
Sonning Common Pre-School
Balance Sheet 31 March 2022
| Note Fixed Assets Tangible Assets 4 Current Assets Debtors Bank and cash balances Creditors Amounts falling due within one year 6 Net Current Assets NET ASSETS Capital and reserves Income and expenditure account 7 TOTAL FUNDS |
2022 £ 6,863 - 81,531 81,531 (2,796) 78,735 85,598 85,384 85,384 |
2021 £ 7,900 - 88,966 |
|---|---|---|
| 88,966 (1,738) |
||
| 87,228 | ||
| 95,128 | ||
| 94,912 | ||
| 94,912 |
The financial statements were approved by the Board of Trustees on 31st January 2023 and were signed on its behalf by
����������������
Merlin Meyer - Chair
The notes form part of these financial statements
Page 5
Sonning Common Pre-School
Statement of Cash Flows for the Year ended 31 March 2022
| Cash flows from operating activities Net incoming/ (outgoing) per SOFA Less expenditure on fixed assets Add back depreciation of fixed assets Decrease / (Increase) in debtors (Decrease) / Increase in creditors Total Incoming Resources Total cash as at 1 April 2021 Total cash as at 31 March 2022 |
2022 Unrestricted Funds £ (9,528) - 1,036 - 1,058 (7,434) 88,966 81,532 |
2021 Unrestricted Funds £ 20,224 (417) 1,036 - 1,171 |
|---|---|---|
| 22,014 66,954 |
||
| 88,968 |
The notes form part of these financial statements
Page 6
Sonning Common Pre-School
Notes to the Financial Statements
for the Year ended 31 March 2022
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts and with the Regulations��true and fair view� provisions and the Charities SORP(FRS102).
1.2 Income recognition
Pre school fees are recognised when they are paid and income from fundraising activities is recognised when received
1.3 Expenditure recognition
Expenditure is accounted for on an accruals basis. Bank interest is accounted for when received.
Stocks
The Preschool holds no stock
Pensions
The charity has an auto-enrolment pension scheme
Tangible fixed assets
These are capitalised if they can be used for more than one year and cost at least £100. Assets are recorded at initial cost and depreciation is provided at the following annual rates in order to write of each asset over its
Property improvements 15 years Computer Equipment 4 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable activities at the discretion of the trustees. To date the pre school has not received any restricted funds and all funds are used purely for the day to day running of the pre school
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
| 2 Operating Profit This is stated after charging: Depreciation of owned fixed assets 3 Staff Costs Wages and Salaries The average monthly number of employees during the year was as follows: Pre School Staff No employee received emoluments in excess of £60,000. |
2022 £ 1,036 1,036 107,900 107,900 10 |
2021 £ 1,036 |
|---|---|---|
| 1,036 | ||
| 103,069 | ||
| 103,069 | ||
| 10 | ||
Page 7
Sonning Common Pre-School
Notes to the Financial Statements - continued for the Year ended 31 March 2022
| 4 Tangible Fixed Assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net Book Value At 31 March 2022 At 31 March 2021 5 Bank and cash balances CAF Current CAF Fund Raising CAF Liquidity Account Petty Cash Tin 6 Creditors: Amounts Falling Due within one year Other taxes and social security costs Other creditors - book keeping and year end accounts 7 Income and Expenditure At 1 April 2021 £ Income and Expenditure 94,912 Total Funds 94,912 |
£ 1,240 - 1,240 402 310 712 528 838 Incoming resources £ 135,069 135,069 Computer Equipment |
Property improvements £ 10,891 - 10,891 3,830 726 4,557 6,334 7,061 2022 £ 34,539 7,910 39,043 39 81,531 918 1,878 2,796 Resources expended £ (144,597) (144,597) |
Total Fixed Assets £ 12,131 - |
|---|---|---|---|
| 12,131 | |||
| 4,232 1,036 |
|||
| 5,268 | |||
| 6,863 | |||
| 7,899 | |||
| 2021 £ 39,911 9,979 39,037 39 |
|||
| 88,966 | |||
| 490 1,248 |
|||
| 1,738 | |||
| At 31 March 2022 £ 85,385 |
|||
| 85,385 |
Page 8
Sonning Common Pre-School
Detailed Income and Expenditure Account for the Year ended 31 March 2022
| Incoming Resources Income Basic Fees Additional Fees Fund Raising Bank Interest Furlough Income Total Incoming resources Resources Expended Cost of Sales Activities and Materials Fundraising Costs Kids Food Consumables Administrative Expenses Employee Costs: Wages and Salaries Pensions Staff and Recruitment (CRB) Staff training and welfare Premises Costs: General Premises, floor and painting Rates Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing and post Small Equipment Subscriptions (Early years and PLA) Forest School Costs Bank charges Insurance New Office Equipment/ IT Depreciation Sundry Expenses Legal and Professional costs Accountancy fees Payroll fees Advertising and PR Other legal and professional ICO Total Administrative Expenses Total Resources Expended Net Surplus/(Deficit) |
2022 £ 127,102 4,732 2,906 329 - 135,069 135,069 6,130 798 5,226 105 12,259 107,900 1,576 636 359 110,471 3,902 1,825 2,806 801 9,334 655 158 1,476 270 80 192 3,261 2,880 1,036 856 10,864 648 1,009 12 - 1,669 132,338 144,597 (9,528) |
2021 £ 102,481 27,625 2,223 261 14,549 |
|---|---|---|
| 147,139 | ||
| 147,139 | ||
| 1,255 - 4,897 442 |
||
| 6,594 103,069 1,267 - 10 |
||
| 104,346 1,872 2,582 458 |
||
| 4,912 719 64 459 898 - 133 3,341 2,409 1,036 1,229 |
||
| 10,288 690 85 - - |
||
| 775 | ||
| 120,321 | ||
| 126,915 | ||
| 20,224 |
Page 9