REGISTERED CHARITY NUMBER: 1029226
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
FOR
LYMINGE PRESCHOOL
LYMINGE PRESCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
LYMINGE PRESCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: (a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability; (b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; (c) Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Over the course of the year the setting completed its recovery from the disruption caused by COVID and continues to thrive. Although not at capacity at the start of Autumn term, there were a good number of enquiries through the year and a high proportion of parents viewing the setting registered their children with us, leading us to reach capacity soon after Christmas.
Apprenticeships were completed during the year, and 3 of the 4 Apprentices were retained. Staff have been dedicated to ensuring the needs of all children are fully catered for, and the setting has been receiving a high number of enquiries and recommendations for SEN children.
Financial performance was in line with expectations given the investment in our capabilities. The deficit is amply covered by reserves and we are confident that the efforts from this year will allow future performance to be positive. Management continues to be pro-active and energetic
FINANCIAL REVIEW
Financial position
The Charity's financial position is as outlined in the accompanying financial statements.
Reserves policy
The Charity has a policy of maintaining reserves to cover a minimum of six months of fixed costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
New Trustees are recruited from a combination of parents and other suitable individuals. Potential Trustees go through a standard approval process which includes the appropriate DBS checking and full declaration of any conflicts of interest.
Officers of the Charity are voted for at each Charity AGM.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1029226
Principal address
Lyminge Village Hall Woodlands Road Lyminge Kent CT18 8EW
Page 1
LYMINGE PRESCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023
Trustees
A Hamilton D J Mapley Mrs T Taylor (resigned 14.11.22) K Towse J Davies E Leadsham (resigned 26.6.23) V Acquah (resigned 26.6.23) K Geddes (resigned 26.6.23) S Chilvers L Hoople (resigned 2.10.23) M Chantler-Wimble (appointed 26.6.23) V Woodbridge (appointed 26.6.23) M Pike (appointed 26.6.23) L Corrie (appointed 15.1.24)
Approved by order of the board of trustees on 30 June 2024 and signed on its behalf by:
A Hamilton - Trustee
Page 2
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 2023.
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.
Miss C Nye CA CTA
30 June 2024
Page 3
LYMINGE PRESCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 692 Charitable activities Preschool 155,933 Other trading activities 2 1,613 Investment income 3 554 Total 158,792 EXPENDITURE ON Raising funds 422 Charitable activities Preschool 163,427 Total 163,849 NET INCOME/(EXPENDITURE) (5,057) RECONCILIATION OF FUNDS Total funds brought forward 103,969 TOTAL FUNDS CARRIED FORWARD 98,912 |
2022 Total funds £ 585 136,539 1,072 14 138,210 188 141,749 141,937 (3,727) 107,696 103,969 |
|---|---|
The notes form part of these financial statements
Page 4
LYMINGE PRESCHOOL
BALANCE SHEET 31 AUGUST 2023
| 2023 Unrestricted funds Notes £ CURRENT ASSETS Debtors: amounts falling due within one year 7 - Cash at bank and in hand 99,775 99,775 CREDITORS Amounts falling due within one year 8 (863) NET CURRENT ASSETS 98,912 TOTAL ASSETS LESS CURRENT LIABILITIES 98,912 NET ASSETS 98,912 FUNDS 9 Unrestricted funds 98,912 TOTAL FUNDS 98,912 |
2022 Total funds £ 5,539 99,298 104,837 (868) 103,969 103,969 103,969 103,969 103,969 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2024 and were signed on its behalf by:
A Hamilton - Trustee
D J Mapley - Trustee
The notes form part of these financial statements
Page 5
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fundraising events | 1,613 | 1,072 |
continued...
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LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
3. INVESTMENT INCOME
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 554 | 14 |
4. TRUSTEES' REMUNERATION AND BENEFITS
During the year, no Trustees received any remuneration in their role as Trustee. (2022- Nil).
Trustees' expenses
During the year, the Charity reimbursed Trustees £0 (2022 - £Nil) 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. 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 Raising funds Charitable activities Preschool Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 2022 9 9 Unrestricted funds £ 585 136,539 1,072 14 138,210 188 141,749 141,937 (3,727) 107,696 103,969 |
|---|---|
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accounts Payable Social security and other taxes Other creditors Accrued expenses 9. MOVEMENT IN FUNDS At 1.9.22 £ Unrestricted funds General fund 93,969 Reserve Fund 10,000 103,969 TOTAL FUNDS 103,969 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 158,792 TOTAL FUNDS 158,792 Comparatives for movement in funds At 1.9.21 £ Unrestricted funds General fund 97,696 Reserve Fund 10,000 107,696 TOTAL FUNDS 107,696 |
2023 2022 £ £ - 5,539 2023 2022 £ £ 311 118 65 - 358 325 129 425 863 868 Net movement At in funds 31.8.23 £ £ (5,057) 88,912 - 10,000 (5,057) 98,912 (5,057) 98,912 Resources Movement expended in funds £ £ (163,849) (5,057) (163,849) (5,057) Net movement At in funds 31.8.22 £ £ (3,727) 93,969 - 10,000 (3,727) 103,969 (3,727) 103,969 |
|---|---|
continued...
Page 8
LYMINGE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 138,210 138,210 |
Resources Movement expended in funds £ £ (141,937) (3,727) (141,937) (3,727) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Reserve Fund TOTAL FUNDS |
At 1.9.21 £ 97,696 10,000 107,696 107,696 |
Net movement in funds £ (8,784) - (8,784) (8,784) |
At 31.8.23 £ 88,912 10,000 98,912 98,912 |
|---|---|---|---|
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 £ 297,002 297,002 |
Resources Movement expended in funds £ £ (305,786) (8,784) (305,786) (8,784) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
Page 9
LYMINGE PRESCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations 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 Support costs Governance costs Legal & professional fees |
2023 £ - 692 692 1,613 554 155,933 158,792 422 134,991 1,924 9,622 856 - 543 132 2,436 2,345 2,063 395 621 782 386 1,650 1,577 589 874 161,786 1,641 |
2022 £ 500 85 585 1,072 14 136,539 138,210 188 117,370 1,782 6,385 832 620 611 864 1,686 2,981 131 170 1,883 774 373 2,469 1,124 228 639 140,922 827 |
|---|---|---|
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 2023
| Total resources expended Net expenditure |
2023 £ 163,849 (5,057) |
2022 £ 141,937 (3,727) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11