## **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:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 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**
- 1 **Accounting policies**
## **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**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
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.
- Other expenditure These are support costs not allocated to a particular activity.
## **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