**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: 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 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