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2023-03-31-accounts

Westbrook Little People

Charity No. 1029611

Trustees' Report and Unaudited Accounts

31 March 2023

Westbrook Little People Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1029611

Principal Office

Westbrook Hall Tempest Avenue Waterlooville PO7 8NU Address Line 5

Trustees

The following trustees served during the year:

Lisa English (Resigned 7 October 2022) Erica Montgomery

Accountants

SHCA Limited 87 London Road Cowplain Waterlooville PO8 8XB

OBJECTIVES AND ACTIVITIES

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 using the EYFS (Early Years Foundation Stage).

To provide a safe, secure and fun learning and play environment for preschool children.

The trustees has had regard to the Charity Commission’s guidance on public benefit in managing the activities of the charity.

ACHIEVEMENTS AND PERFORMANCE

Westbrook Little People is a charity based organisation, led by a voluntary management committee. The staff are well qualified, enthusiastic, committed, and strive to meet the individual needs of our little people, ensuring they get the very best start.

Being a charity pre-school, we rely on fundraising events to help support us and buy additional equipment and resources that are required to assist the children’s development needs.

FINANCIAL REVIEW

Westbrook Little People has had a good financial year despite the last two years running at a loss. With a new Chair, Committee, and Management team, we have ended the year in profit. Our aim each year is to break even, and we are fortunate enough to now not only be in profit but have a full reserve fund. We are currently financially viable.

Page 1

Westbrook Little People Trustees Annual Report

Our Setting rent was also generously temporarily reduced to give us breathing space to formulate a new plan and enact more prudent financial management. The success for this year has been down to cutting costs and increasing revenue.

In addition, we have enjoyed some good fundraising events which has allowed us to purchase the best equipment and resources for our children.

We plan to ensure we are financially viable so that we can continue to provide a great education to the children in our community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity has a standard registration with a governing document being a scheme of the charity commission dated 2nd August 2016

The methods adopted for the recruitment and appointment of new trustees is from parents of the children attending the preschool

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Erica Montgomery Trustee 06 June 2023

Page 2

Westbrook Little People Independent Examiners Report

Independent Examiner's Report to the trustees of Westbrook Little People

I report to the trustees on my examination of the financial statements of Westbrook Little People for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:

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 financial statements to be reached.

Stuart Hoare ICAEW SHCA Limited 87 London Road Cowplain Waterlooville

PO8 8XB 06 June 2023

Page 3

Westbrook Little People Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Charitable activities
3
Other trading activities
4
Investments
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Total funds Total funds
2023 2023 2022
£ £ £
126,239 126,239 107,367
356 356 -
181 181 4
126,776 126,776 107,371
5,394 5,394 2,943
331 331 -
111,785 111,785 115,269
117,510 117,510 118,212
- - -
9,266 9,266 (10,841)
- - -
9,266 9,266 (10,841)
9,266 9,266 (10,841)
52,204 52,204 63,045
61,470 61,470 52,204

Page 4

Westbrook Little People Balance Sheet

at 31 March 2023

Charity No. 1029611
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
Reserves
12
Total funds		 2023
£
1
1
64,221
64,221
(2,752)
61,469
61,470
61,470
61,470
61,470
61,470
61,470		 2022
£
1
1
57,869
57,869
(5,666)
52,203
52,204
52,204
52,204
52,204
52,204
52,204

Approved by the trustees on 06 June 2023

And signed on their behalf by:

Erica Montgomery Trustee 06 June 2023

Page 5

Westbrook Little People Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Westbrook Little People Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and equipment 25% Straight line

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 7

Westbrook Little People Notes to the Accounts

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from:
Charitable activities
Investments
Total
Expenditure on:
Raising funds
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Child attendance fees		 Unrestricted
£
126,239
126,239		 Unrestricted
funds
2022
£
107,367
4
107,371
2,943
115,269
118,212
(10,841)
(10,841)
(10,841)
63,045
52,204
Total
2023
£
126,239
126,239		 Total funds
2022
£
107,367
4
107,371
2,943
115,269
118,212
(10,841)
(10,841)
(10,841)
63,045
52,204
Total
2022
£
107,367
107,367

Page 8

Westbrook Little People Notes to the Accounts

4 Income from other trading activities

Fund raising activities
5
Income from investments
Bank account interest
6
Expenditure on raising funds
Fundraising trading costs
Fund raising activities
7
Expenditure on charitable activities
Expenditure on charitable
activities
Fundraising expenses
Governance costs
8
Other expenditure
Employee costs
Premises costs
General administrative costs
Legal and professional costs		 Unrestricted
£
356
356
Unrestricted
£
181
181
Unrestricted
£
5,394
5,394
Unrestricted
£
331
331
Unrestricted
£
92,499
14,741
2,737
1,808
111,785		 Total
2023
£
356
356
Total
2023
£
181
181
Total
2023
£
5,394
5,394
Total
2023
£
331
331
Total
2023
£
92,499
14,741
2,737
1,808
111,785		 Total
2022
£
-
-
Total
2022
£
4
4
Total
2022
£
2,943
2,943
Total
2022
£
-
-
Total
2022
£
92,682
17,157
3,736
1,694
115,269

Page 9

9
Staff costs
2023
2022
Salaries and wages
88,115
89,233
Pension costs
1,420
1,365
89,535
90,598
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2023
2022
Number
Number
Direct supervision of children
7
8
7
8
10 Tangible fixed assets
Plant and
equipment
Total
£
£
Cost or revaluation
At 1 April 2022
6,208
6,208
At 31 March 2023
6,208
6,208
Depreciation and
impairment
At 1 April 2022
6,207
6,207
At 31 March 2023
6,207
6,207
Net book values
At 31 March 2023
1
1
At 31 March 2022
1
1
11 Creditors:
amounts falling due within one year
2023
2022
£
£
Other creditors
-
1,200
Accruals
2,752
4,466
2,752
5,666
Westbrook Little People
Notes to the Accounts		 9
Staff costs
2023
2022
Salaries and wages
88,115
89,233
Pension costs
1,420
1,365
89,535
90,598
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2023
2022
Number
Number
Direct supervision of children
7
8
7
8
10 Tangible fixed assets
Plant and
equipment
Total
£
£
Cost or revaluation
At 1 April 2022
6,208
6,208
At 31 March 2023
6,208
6,208
Depreciation and
impairment
At 1 April 2022
6,207
6,207
At 31 March 2023
6,207
6,207
Net book values
At 31 March 2023
1
1
At 31 March 2022
1
1
11 Creditors:
amounts falling due within one year
2023
2022
£
£
Other creditors
-
1,200
Accruals
2,752
4,466
2,752
5,666
Westbrook Little People
Notes to the Accounts		 9
Staff costs
2023
2022
Salaries and wages
88,115
89,233
Pension costs
1,420
1,365
89,535
90,598
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2023
2022
Number
Number
Direct supervision of children
7
8
7
8
10 Tangible fixed assets
Plant and
equipment
Total
£
£
Cost or revaluation
At 1 April 2022
6,208
6,208
At 31 March 2023
6,208
6,208
Depreciation and
impairment
At 1 April 2022
6,207
6,207
At 31 March 2023
6,207
6,207
Net book values
At 31 March 2023
1
1
At 31 March 2022
1
1
11 Creditors:
amounts falling due within one year
2023
2022
£
£
Other creditors
-
1,200
Accruals
2,752
4,466
2,752
5,666
Westbrook Little People
Notes to the Accounts		 2022
89,233
1,365
90,598
8
Total
£
6,208
6,208
6,207
6,207
1
1
2022
£
1,200
2,752 4,466
2,752 5,666

Page 10

Westbrook Little People Notes to the Accounts

12 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
13 Analysis of net assets between funds
Fixed assets
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2022
52,204
52,204		 Incoming
resources
(including
other
gains/losses
)
£
126,776
126,776
At 1 April
2022
£		 Resources
expended
£
(117,510)
(117,510)
Unrestricted
funds
£
1
61,469
61,470
Cash flows
£		 At 31
March
2023
£
61,470
61,470
Total
£
1
61,469
61,470
At 31
March
2023
£
57,869 6,352 64,221
57,869
57,869		 6,352
6,352		 64,221
64,221
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2023
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
amounted to:		 are as follows:
2023
Other
£
2023
£
1,420		 2022
Land and
buildings
£		 2022
Other
£
2022
£
1,365

Page 11

Westbrook Little People Statement of Cash flows for the year ended 31 March 2023

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
(Decrease)/Increase in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
9,266
(181)
(2,914)
6,171
181
181
-
6,352
57,869
64,221		 2022
£
(10,841)
(4)
1,789
(9,056)
4
4
-
(9,052)
66,921
57,869
Components of cash and cash equivalents
Cash and bank balances 64,221 57,869
64,221 57,869

Page 12

Westbrook Little People Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Charitable activities
Child attendance fees
Other trading activities
Fund raising activities
Investments
Bank account interest
Total income and endowments
Expenditure on:
Costs of other trading activities
Fund raising activities
Total of expenditure on raising
funds
Charitable activities
Fundraising expenses
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs
Staff training
Staff welfare
Premises costs
Rent
Premises cleaning
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
equipment
Bank charges		 Unrestricted
funds
2023
£
126,239
126,239
356
356
181
181
126,776
5,394
5,394
5,394
331
331
331
88,115
1,420
1,056
1,908
92,499
14,511
80
150
14,741
-
184		 Total funds
2023
£
126,239
126,239
356
356
181
181
126,776
5,394
5,394
5,394
331
331
331
88,115
1,420
1,056
1,908
92,499
14,511
80
150
14,741
-
184		 Total funds
2022
£
107,367
107,367
-
-
4
4
107,371
2,943
2,943
2,943
-
-
-
89,233
1,365
850
1,234
92,682
17,100
37
20
17,157
-
-

Page 13

Westbrook Little People

Detailed Statement of Financial Activities

General insurances
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,138
156
425
285
549
2,737
960
848
1,808
111,785
117,510
-
9,266
9,266
-
9,266
52,204
61,470		 1,138
156
425
285
549
2,737
960
848
1,808
111,785
117,510
-
9,266
9,266
-
9,266
52,204
61,470		 766
328
1,035
1,253
354
3,736
960
734
1,694
115,269
118,212
-
(10,841)
(10,841)
-
(10,841)
63,045
52,204

Page 14