REGISTERED CHARITY NUMBER: 1029226
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
LYMINGE PRESCHOOL
LYMINGE PRESCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
LYMINGE PRESCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1029226
Principal address
Lyminge Village Hall Woodlands Road Lyminge Kent CT18 8EW
Trustees
A Hamilton D J Mapley Miss K Randall (resigned 29.6.21) Mrs R Austin Mrs L Hurst (resigned 29.6.21) Mrs D Woods Mrs E Thackray (resigned 14.9.20) Miss J Grima (resigned 14.9.20) Mrs T Taylor Mrs E Opstad (resigned 1.5.21) P Courtney (appointed 14.9.20) K Towse (appointed 14.9.20) J Davies (appointed 14.9.20) E Leadsham (appointed 14.9.20) V Acquah (appointed 14.9.20) E Taylor (resigned 1.5.21) K Geddes (appointed 29.6.21) R Goody (appointed 29.6.21) (resigned 13.9.21)
Approved by order of the board of trustees on 27 June 2022 and signed on its behalf by:
A Hamilton - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LYMINGE PRESCHOOL
Independent examiner's report to the trustees of Lyminge Preschool
I report to the charity trustees on my examination of the accounts of Lyminge Preschool (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 in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 other 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.
Mr P J L Higson
27 June 2022
Page 2
LYMINGE PRESCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,357 Charitable activities Preschool 147,630 Other trading activities 2 2,664 Investment income 3 1 Total 152,652 EXPENDITURE ON Raising funds 2,575 Charitable activities Preschool 132,885 Total 135,460 NET INCOME 17,192 RECONCILIATION OF FUNDS Total funds brought forward 90,504 TOTAL FUNDS CARRIED FORWARD 107,696 |
2020 Total funds £ 5,541 144,922 526 33 151,022 - 143,779 143,779 7,243 83,261 90,504 |
|---|---|
The notes form part of these financial statements
Page 3
LYMINGE PRESCHOOL
BALANCE SHEET 31 AUGUST 2021
| 2021 Unrestricted funds Notes £ CURRENT ASSETS Debtors: amounts falling due within one year 7 5,314 Cash at bank and in hand 104,338 109,652 CREDITORS Amounts falling due within one year 8 (1,956) NET CURRENT ASSETS 107,696 TOTAL ASSETS LESS CURRENT LIABILITIES 107,696 NET ASSETS 107,696 FUNDS 9 Unrestricted funds 107,696 TOTAL FUNDS 107,696 |
2020 Total funds £ 3,427 89,022 92,449 (1,945) 90,504 90,504 90,504 90,504 90,504 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2022 and were signed on its behalf by:
A Hamilton - Trustee
D J Mapley - Trustee
The notes form part of these financial statements
Page 4
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
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 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in 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 the amount 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 a 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 the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 5
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. OTHER TRADING ACTIVITIES
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Fundraising events | 2,664 526 |
||
| 3. | INVESTMENT INCOME | ||
| Deposit account interest | 2021 £ |
2020 £ 1 33 |
4. TRUSTEES' REMUNERATION AND BENEFITS
During the year, no Trustees received any remuneration in their role as Trustee. (2020 - Nil). Trustees' expenses During the year, the Charity reimbursed Trustees £0 (2020 - £23) for expenses incurred.
5. STAFF COSTS The average monthly number of employees during the year was as follows:
| Preschool No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Preschool Other trading activities Investment income Total EXPENDITURE ON Charitable activities Preschool NET INCOME |
2021 2020 7 10 Unrestricted funds £ 5,541 144,922 526 33 151,022 143,779 7,243 |
|---|---|
continued...
Page 6
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 83,261 | |||
| TOTAL FUNDS CARRIED FORWARD | 90,504 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Trade debtors | 2021 £ 5,121 |
2020 £ 3,234 |
||
| Tax | 193 | 193 | ||
| 5,314 | 3,427 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Accounts Payable | 2021 £ 922 |
2020 £ - |
||
| Other creditors | 548 | 564 | ||
| Accrued expenses | 486 | 1,381 | ||
| 1,956 | 1,945 | |||
| 9. | MOVEMENT IN FUNDS | |||
| At 1.9.20 | Net movement in funds |
At 31.8.21 |
||
| Unrestricted funds | £ | £ | £ | |
| General fund | 80,504 | 17,192 | 97,696 | |
| Reserve Fund | 10,000 | - | 10,000 | |
| 90,504 | 17,192 | 107,696 | ||
| TOTAL FUNDS | 90,504 | 17,192 | 107,696 |
continued...
Page 7
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 152,652 TOTAL FUNDS 152,652 Comparatives for movement in funds At 1.9.19 £ Unrestricted funds General fund 73,261 Reserve Fund 10,000 83,261 TOTAL FUNDS 83,261 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 151,022 TOTAL FUNDS 151,022 |
Resources Movement expended in funds £ £ (135,460) 17,192 (135,460) 17,192 Net movement At in funds 31.8.20 £ £ 7,243 80,504 - 10,000 7,243 90,504 7,243 90,504 Resources Movement expended in funds £ £ (143,779) 7,243 (143,779) 7,243 |
|---|---|
continued...
Page 8
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 73,261 | 24,435 | 97,696 |
| Reserve Fund | 10,000 | - | 10,000 |
| 83,261 | 24,435 | 107,696 | |
| TOTAL FUNDS | 83,261 | 24,435 | 107,696 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 303,674 303,674 |
Resources Movement expended in funds £ £ (279,239) 24,435 (279,239) 24,435 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 9
LYMINGE PRESCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other income Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Child Income Total incoming resources EXPENDITURE Raising donations and legacies Fundraising Expenses Charitable activities Wages Pensions Rent Insurance Light and heat Postage and stationery Advertising Sundries Child Costs Facility - Equipment Facility - Garden Facility - IT Costs Facility - Kitchen Licences & Permits Facility - Repairs & Renewals Training Costs Facility - DBS Checks Facility - Telephone |
2021 £ 165 1,385 807 2,357 2,664 1 147,630 152,652 2,575 108,752 1,810 5,970 818 600 381 90 989 3,970 140 264 2,324 426 255 1,911 1,499 315 630 131,144 |
2020 £ 446 4,317 778 5,541 526 33 144,922 151,022 - 121,330 1,709 4,465 840 1,200 348 615 47 3,024 551 919 1,039 549 35 3,254 2,101 109 2 142,137 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
LYMINGE PRESCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Support costs Governance costs Legal & professional fees Total resources expended Net income |
2021 £ 1,741 135,460 17,192 |
2020 £ 1,642 143,779 7,243 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11