## **St. Michael’s Pre-School Financial Report for the Year Ending 30[th] September 2021** These accounts for the year ending 30[th] September 2021 have been produced for presentation at the AGM on 2nd November 2021. |
AGM on 2nd November 2021.|
AGM on 2nd November 2021.| |---|---| |As at 30th September 2021 the book balance of monies held by the Pre-School are following amounts|| |Lloyds Bank Treasurers Current Account|11,215| |Lloyds Deposit Account|11,452| |Operating cash income held|271| |Fundraising Account held at bank|3,973| |Lloyds 32 day notice account|30,261| |Lloyds 12 month fixed term account|45,00| |**Giving total cash assets of**|**102,127**| |In addition to this the Pre-school has debtors of|1,876| |**Giving total current assets of**|**104,003**| |However, there are current liabilities amounting to|773| |**Resulting in net working assets of**|**103,230**| |To this figure is added the net book value of the building,|| |fixtures and fittings and equipment totaling|203442| |**Giving Net Assets of**|**307,607**| The Pre-school holds two high interest accounts:- - a 32 day notice account into which £30,000 was originally invested and which accrues interest on a monthly basis the balance now standing at £30,261. - During the course of this financial year the 12 month fixed term account, into which £40,000 was originally invested, matured on 18[th] May 2021 returning interest of £102. On maturity the Trustees invested the original capital investment amount plus £5,000 into another 12 month fixed term account which will mature on 18[th] May 2021. It is within these funds that building repairs and renewal contingency amounts are held. The Receipts and Payments account shows the operating income and expenditure for the year. During the financial year the group income has exceeded expenditure giving a surplus figure of £3,679. However, it should be noted that this surplus figure includes PPE grant surplus of £2,291, fundraising surplus of £173 and donation surplus of £90 leaving a true surplus figure of £1,125 ## **Accumulated fund** Whilst the pre-school is in a good financial position it should be noted that of the accumulated fund figure certain amounts are required to be held in the event of closure. These amounts are for |Redundancy and in lieu of notice payments||£30,000| |---|---|---| |Reimbursement of grant and fees||£11,000| |Building disposal and making good the land||£15,000| |Building Repairs and Renewal Contingency||£40,000*| |Fundraising||£2,627| |Donations|£90|| |EYPP Balance of funding||£-90| |ISF||£900| |*(increased by £10,000/annum)||| As agreed by previous committees, fundraising and donations in the year will be held in reserved amounts within the accumulated fund. Therefore, the general fund amount carried forward is £3,703. **Fund Raising -** Income and expenditure by event is reported as follows:- The majority of the non-specific expenditure has been used to purchase new play equipment for the children. st Michael's PreSchool Charity Commission Registration Nurnber 1029196 Balance Sheet forth• Yearending ￿th Sept•rnber2021 JJ2(Y3)21 201912020 Fixed Pssets Building Fixtures & Fillin Computer equipment Printers tcost Dep N8V 22e£47 22605 20344 4674 3739 500 SW 8C 232030 27653 1)437 t co& Dep NBV 22ec47 16991 XQ093 4674 28( 1870 500 5( 809 232030 21067 210963 Y&ar 4 Year4 Year 4 Curr•nt Assets Llw(È Treasurers kccLnt Llwd5 Dewsil ￿C￿nI Fund Raising Account Cash income Llayds 32 n(*ice acccunt Llwds 12 month fixed twm ￿c￿nI 11215 11452 3973 271 30216 4￿)0 102127 1876 37 12330 3972 32 30203 4CQOO 92174 1736 Plus D&￿C￿S 1 c￿1003 93910 Current Ilabllltl•s Creditor5 773 1213 773 1213 Net AA8•ts 1032 17 92697 FIn￿¢¢d by Accumulaed Fund as a 1st Octctjw 3)20 8Quslment f￿ unckrcesl cn CcnsumatAes swd In previous fy 3036eQ 301825 303928 3679 301825 1836 Surplus Incorne over Expen¢Jture Gwera fund Carri•d forwwd Fixed Nssets Genwal fund Reserved fvnds Repars and ren￿aS C(￿lIn￿ncY Ilnc by£10Kpla Closure CostslRedund￿cY Redunthcy & n(*ice Reimbursernenl d g[￿t fees Builclng ¢Jswsa & rnaong 9)(Kl Fundraising 21M377 21Tr3 3703 4563 4(XX)O 3CmO 31XOO 11(M)o 1￿0 3C(t)O 11￿0 19X)O 24 17 surplus in currwt ye Other specific r*erved funds I¢*nal¢￿s) EYPP 2627 90 -90 2454 -320 103230 92697 St. Michael's Pre-school, Hilperton Re￿1 ts and Pa ertg Accourt for the eriod 1st October 2020 to 30rh Se ternber 2021 adI￿t- rnEnts LSt_ 2DJ)fL121 rnerts Roc&ipts 2D20fiD21 Figure 2￿￿20 P•4ments Figwe 20191Xty2D Fees WC Grant Fundlng Mil k Grant FundRaisln Sundry Interest Recelved Traini n Tnps Snad< Income EVPP Grant Unifom) Income D￿ationS Recel¥ed Swrtslncorne COVID-L9 small busIneSs￿rant £ pPE1n￿rne E 2,3]) ISF Incorne £ 3,83) £ I￿.7 461 £ 2418 £ S.8YJ e lo1.￿1 461 e 2418 £ 23iCE e B.7L4 527 e zi Sa￿eS EmFSoyers Nl Pensm U4EST) clea)In￿ hcv staff Trainin staff RefreShM￿t5 FITh￿￿ m￿￿￿ent Fees ccrtwrn*)les EqJiprnent Pnnter ctsnsumalyes Intèmet & Tel8ptror* Snacks Milk SFend I nsurance Substhptiefjs Staff unftyn) Ur•fNm spend Trtps Spend SFQrts SFend EYFP $￿IK1 ISFSpend PPESpend OBS che¢*s 8￿Vfinancetha￿e5 8￿1 Debts Wntten Clf Bul(STrJ & &wrKls MainlOn*)c Eledrioty Pelu5e Co119CtI BulthThJs Ins￿arCe Water Raes £ 9L,3Y 274 £ L,4 £ L.2fA £ z £ 91,￿9 274 £ 1,475 £ ￿,495 £ 1.157 332 £ 150 io 474 E s￿82 E 5.919 422 £ 5,582 E 5,919 422 £ 4,no £ &7J9 £ LS 2,616 £ LK 19) E 1616 £ i,CfJ) £ 1,823 331 217 610 442 6LO 442 E 1.7 567 E 1.798 567 E 1.136 428 7n È ￿(1)) 793 793 337 793 L93 Z•3 511 £ 13)) 456 43 rc4Jndinsr adjustments 611 E44 26 É L,349 É 1,319 E 134 615 E i.n8 27L 871 516 516 519 Lease Costs D￿atIOn spend Sunthes Deprea*ic covit>19*nall businessArant spend È I4X> Fund Rai￿ w skEnd £ 12 Rcundng ￿JUstMentS Total E £ 6,586 É I￿0 £ 1315 £ ￿,5￿) È 2￿5 £ 2,923 TolTA £ 137,6T2 £ 137,612 £ 112,D7D £127,401 £133,993 £11D234 IncL¥ne ¢xer Expenthture £ 461 F￿￿[al51n9 incorno *y••f 8XP8nthlure 173 St. Michael's Pre-school, Hilperton Receipts and P8yrnenls Account for the period 1st October 2020 to 301h September 2021 RK•lpts 20201ZDZI Flour• 201W2020 P•ymBni• 2Q20R021 nl• End Flgur• 201912020 Fee5 WC Grant Funding 25.B 101.701 461 2.418 25.800 101,701 461 2,418 20.108 75.714 527 2,112 S￿￿rIes Employer5 Nl P￿¥1￿ INESTI Cloaning hour5 91,309 274 1,475 1,264 2,g50 io 91,309 274 IA75 1.264 2.950 io 5,582 5,919 422 610 442 1.798 567 793 337 456 475 7S,493 I.IS7 332 734 Fund Rai51ng Sundry Interest ReceNed 136 136 474 Staff ftefreshmeDfS Flnante MaDagement Fees tOnsumable5 5,582 5,919 422 4.710 3.759 1,595 315 818 1,136 428 793 193 293 511 Snatk Ihcomt EYPP Grant 2,616 1,060 190 90 2.616 1,060 190 90 J,823 324 217 Eouipment 610 442 1.798 567 793 337 456 475 Unlform Income Don3tion5 Rece4ved Sports I￿orne COVID-19 small bU￿n￿55 grant PPE Income Inlernet & TdephonB Snack¥ Mlk $pend Insurance Subscnpiions SLaNunilomi Unilorrn spe Trip5 Spend SFvt5 Spend EYPP swnd ISF Spend PPE Spend DB5 che¢ks eanvlinance charges eid Debts Written O Building & Ground5 Malnlenance 771 io.£¥Jo 2.300 2,3 9( 15F Income rouDdin8adlustments 641 830 830 269 269 283 1.349 2,254 32S 283 1.349 2.254 325 887 516 308 26 645 1,718 271 871 519 2( Rttf￿e Colwion Buildin9s Insuran¢a WaleT Rates 516 308 Lease Costs DOnat￿Tr speTrd £ 6,586 £ 6.586 3.450 2.245 COVIO-19 small buSiness8rant spend Fund Raisiw spend Rourtding adlusiments 3.450 2,245 2.506 2,923 Total 137,672 137,672 É 112.070 £ 127.407 133,9D3 t 110,Z34 Income o%*rExpendtture J,679 Fundr•lsing In¢o¢N owr •xp4mdltur• 1?3 Depreclatlon Inyear S￿￿￿5 asper monitoring report 6.586 10.26S St. Illrhxr¥ PT•4chool Chr*yCon*nknK>n R•gistralkn lth#)kn1•2•196 lryth• Y••ro￿nI Jlth S•pknbw 2121 201¥&QD Y•¥r4 Ye&r4 YMF4 F￿@S & Ff 1674 2T653 4377 21tW 21LW3 11*5 114 3973 Z11 Fum t￿tt27 1876 174 1213 1213 NelA5*5 3•7P)7 5per* In )IU25 7qaT JOJ660 21r*53 Gewdlkn 173 Olhw EIPP SF 30T6D7 30) Independent examinerfs report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Exarnlner's Report &. Report to the trusteesl members of St. Michael's Pre-school On accounts for the year ended Charity no (if any) 301h September 2021 1029196 Set out on pages Respectiv8 responsibilitie s of trustees and examiner The charity's trustees are responsible ft)r Ihe preparation of the accounts. Th8 charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 1.the Charities Act.) and thal an independent examination is needed. ￿he charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a Qualified mernber of Inamed bodyll. Delete I l if not applicAblè. It is my responsibility to.. examine the accounts und8r section 145 of the Charitiès Act, to follow the proc6durès laid down in th8 general Dirèctions gNen by the Charity Commission {under section 14515llbl of the Charities Act. and to state whether parti¢ular matters have come lo my attention. Basis of independent examiner's statement My ex8minalion was caffied out in accordanTr with general Directions gNen 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 a150 includes consideration of any unusual items or disclosures in the accounts. and seeking explanations friyn the Iruslees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequèntly no opinion is given a5 to whether the attounls present a 'lrue and lairf view and Ihe report is limited lo those matters set out in the slalemenl bek)w. Independent examiner's statement In connection with rny examination, no matter has come lo my attention (othèr than that disdosed below.) which gives me reasonable cause to believe that in, any material respèct, the requirements.. lo keep accounting records in accordance with section 130 of the Charities Act.. and to prepare a¢counls which accord with the accounting records and comply with the accounbng requirements of the Ch8ritles Act have not been met.. or 2. to which. in my opinion, attention shoukj be drawn in order lo enable a proper understanding of the accounts to be reached. . Please delete the words in th& brack6ts if th8y do not apply. Signed: Date: Name: Mrs C Davies Relevant professional qualificationls) or body lif any): ¥4W Address: IER Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.g. 3ccountlng records have not been kept in accordance with s132 of the Charities, Act 2011 and those accounts do not comply with the requlrement5 of the 2008 Regulatlons setting out the form and content of charity accounts- any material expenditure or action which appears not to be in accordance with the trusts of the charity.. any failurè to be provided with information and explanations by any past or present trustee. officer or employee,. and any material consistency between the accounts and the trustees, annual report.) IER Give here brlef details of any items that the examiner wishes to disclose. IER