Stone Cross Independent Pre-School Annual General Meeting 9:15am Friday 30[th] June 2023 Stone Cross Memorial Hall.
Committee:
Gaye Nethercot (Chair), Kerry Mepham (Treasurer), Lynsey Graham (Secretary), Kelly McQuillan, Amie Beard, Hayley Edwards.
Committee apologies: Lynsey Graham and Kerry Mepham
Open Meeting:
Welcome everyone to the Stone Cross Independent Pre-School Annual General Meeting. For those that don’t know me, my name is Gaye Nethercot. We really do appreciate parents coming to the AGM here today. As you know we are a voluntary committee run pre-school and to be able to hold the AGM we need a certain number of Parents here. We do have over 10% in attendance as required so thank you again!
To clarify, the details of this AGM will cover the school year 1[st] September 2021 through to 31[st] August 2022.
Minutes:
Can we please agree that the minutes for the AGM held on Friday 24[th] June 2022 and that they are an accurate record and representation?
Please would somebody propose and second that the minutes are an accurate record of last year’s AGM.
The 2022 AGM minutes were proposed as being a true representation of the meeting by Kelly McQuillan and seconded by Amie Beard.
Matters Arising:
None
Chair Report:
Staff Changes
Nursery Unit – None.
Memorial Hall – Jenna Williams went on Maternity Leave January 2022. Lizzie Axell resigned in May 2022. Kerry Noble was promoted to Deputy Supervisor in June 2022. Bank Team – Stacey Gaffney joined February 2022.
Committee Changes
The AGM was held in June 2022 with the election of the Committee and Lizzie Harmer resigned from committee.
School Year September 2021 to August 2022
We started to arrange trips again as in previous years prior to the covid pandemic. Blackberry Farm for the Unit, Eastbourne Beach and Knockhatch for both settings all of which were well attended. Charity events were still limited however we continued to fundraise with
Cyril Squirrel and the Christmas shows. We also received a donation from the pre-school photographer NX Photos.
Thank you to all Parents, Staff and Committee for all your continuing support.
Staff Training
As always the staff undertook a huge amount of training during the year, both in and out of the usual working hours. Since the pandemic essential training continued and were moved online. The face-to-face training events slowly started to return later in this school year. A big thank you to the staff for this continued commitment to the pre-school and children.
-
All staff at both settings are up to date with Safeguarding, Paediatric First Aid and Food Hygiene Training.
-
Sharon Britton, Jackie Kitts, Sharon Gavigan and Kerry Noble attended EYFS Network meetings and Inclusion Support groups that were held throughout the year.
-
Sharon Gavigan completed Risk Assessment and Health & Safety training. Caroline Scarbrow, Sharon Britton and Jackie Kitts completed Health & Safety training.
-
Unit Staff have attended the various The Curiosity Approach training sessions.
-
Hall Staff have undertaken some Makaton refresher training.
Treasurer Report:
A full summary of the Pre-Schools financial situation can be seen on the audit of our accounts. These have been prepared for us by Watson Associates.
Fundraising activities historically have been a major source of income for the Pre-School. We attempt to try and carry out at least one fundraising event per half term. We do thank all of you for your continued support with this.
During this school year we successfully ran the Cyril Squirrel sponsorship, Xmas Shows, some holding deposits were kindly donated when children moved on to primary school, donations received by NX Photos our regular photographer. Figure overall was £1004.08 in total.
Admissions:
The Hall and Unit finished the 2021/22 school year with available sessions filled.
We did not run a Unit Open Day as all sessions were already filled for the 2022/2023 school year from existing children at the Memorial Hall and new names from the waiting lists.
For the Hall admissions were taken on an individual visit basis rather than an Open Afternoon.
The number of enquiries have continued to increase throughout the year for the next few school years.
Election of the New Committee:
All current committee members must formally stand down.
The pre-school committee must have a minimum of 5 members and a maximum of 12 members with a further 3 co-opted members if required. Three of the members are officer posts which are Chair, Treasurer and Secretary.
Nominations of members which are now formally elected are:
| Position | Nominee |
|---|---|
| Chair |
Gaye Nethercot |
| Treasurer |
Kelly McQuillan |
| Secretary |
Amie Beard |
| Member |
Hayley Edwards |
| Member |
Louise Miller |
| Member |
Victoria Crysell |
| Member |
Tristan Lindsay |
Sharon Britton & Sharon Gavigan, our Supervisors at each setting sit on the Committee in an advisory capacity.
Any Other Business:
Does anyone have any other business to bring up?
PP (Parent) – Yes I would like to say something. Just want to say a few words. I want to say how amazing the staff are here and will be very sad to leave and move on.
Date of next AGM : TBC - Before end of June 2024 Meeting Closed at: 9.32am
REGISTERED CHARITY NUMBER: 1030338
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
FOR
STONE CROSS INDEPENDENT PRE-SCHOOL
Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW
STONE CROSS INDEPENDENT PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| 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 |
STONE CROSS INDEPENDENT PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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
1030338
Principal address
Memorial Hall Dittons Road Pevensey East Sussex BN24 5ET
Trustees
Ms G Nethercot L Graham K Mepham E Harmer K McQuillan A Beard H Edwards
Independent Examiner
Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 19 Apr 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Gaye Nethercot ................................................................. Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE CROSS INDEPENDENT PRE-SCHOOL
Independent examiner's report to the trustees of Stone Cross Independent Pre-School
I report to the charity trustees on my examination of the accounts of Stone Cross Independent Pre-School (the Trust) for the year ended 31 August 2022.
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.
Watsons Associates
Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 19 Apr 2023 Date: .............................................
Page 2
STONE CROSS INDEPENDENT PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 162,272 Other trading activities 2 493 Investment income 3 20 Total 162,785 EXPENDITURE ON Raising funds 4 - Charitable activities Charitable Activities - MISC 165,429 Other 16,411 Total 181,840 NET INCOME/(EXPENDITURE) (19,055) RECONCILIATION OF FUNDS Total funds brought forward 69,120 TOTAL FUNDS CARRIED FORWARD 50,065 |
2021 Total funds £ 154,174 1,074 5 155,253 (9,267) 9,278 147,778 16,349 164,138 (8,885) 78,005 69,120 |
|---|---|
The notes form part of these financial statements
Page 3
STONE CROSS INDEPENDENT PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 733 CURRENT ASSETS Stocks 9 794 Debtors 10 2,071 Cash at bank 53,287 56,152 CREDITORS Amounts falling due within one year 11 (6,820) NET CURRENT ASSETS 49,332 TOTAL ASSETS LESS CURRENT LIABILITIES 50,065 NET ASSETS 50,065 FUNDS 12 Unrestricted funds 50,065 TOTAL FUNDS 50,065 |
2021 Total funds £ 978 563 1,956 68,392 70,911 (2,769) 68,142 69,120 69,120 69,120 69,120 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19 Apr 2023
Gaye Nethercot ............................................. Trustee
The notes form part of these financial statements
Page 4
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Page 5
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
2. OTHER TRADING ACTIVITIES
| Fundraising events 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Investment management costs Government Grants |
2022 £ 493 2022 £ 20 2022 £ - |
2021 £ 1,074 2021 £ 5 2021 £ (9,267) |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Total employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Charitable Activities MISC |
2022 2021 14 13 Unrestricted fund £ 154,174 1,074 5 155,253 (9,267) 9,278 147,778 |
|---|---|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 6
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
| 7. | 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 | ||||
| fund | ||||
| £ | ||||
| Other | 16,349 | |||
| Total | 164,138 | |||
| NET INCOME/(EXPENDITURE) | (8,885) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 78,005 | |||
| TOTAL FUNDS CARRIED FORWARD | 69,120 | |||
| 8. | TANGIBLE FIXED ASSETS | |||
| COST | Fixtures and fittings £ |
|||
| At 1 September 2021 and | ||||
| 31 August 2022 | 4,508 | |||
| DEPRECIATION | ||||
| At 1 September 2021 | 3,530 | |||
| Charge for year | 245 | |||
| At 31 August 2022 | 3,775 | |||
| NET BOOK VALUE | ||||
| At 31 August 2022 | 733 | |||
| At 31 August 2021 | 978 | |||
| 9. | STOCKS | |||
| Stocks | 2022 £ 794 |
2021 £ 563 |
Page 7
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 12. MOVEMENT IN FUNDS At 1.9.21 £ Unrestricted funds General fund 69,120 TOTAL FUNDS 69,120 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 162,785 TOTAL FUNDS 162,785 Comparatives for movement in funds At 1.9.20 £ Unrestricted funds General fund 78,005 TOTAL FUNDS 78,005 |
2022 2021 £ £ 1,562 1,481 - 50 509 425 2,071 1,956 2022 2021 £ £ 908 1,160 4,942 1,207 970 402 6,820 2,769 Net movement At in funds 31.8.22 £ £ (19,055) 50,065 (19,055) 50,065 Resources Movement expended in funds £ £ (181,840) (19,055) (181,840) (19,055) Net movement At in funds 31.8.21 £ £ (8,885) 69,120 (8,885) 69,120 |
|---|---|
Page 8
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 155,253 155,253 |
Resources Movement expended in funds £ £ (164,138) (8,885) (164,138) (8,885) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.20 in funds £ £ 78,005 (27,940) 78,005 (27,940) |
At 31.8.22 £ 50,065 50,065 |
|---|---|---|
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 £ 318,038 318,038 |
Resources Movement expended in funds £ £ (345,978) (27,940) (345,978) (27,940) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 9
STONE CROSS INDEPENDENT PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| INCOME AND ENDOWMENTS Donations and legacies Grants Fees Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Investment management costs Government Grants Charitable activities Wages Social security Pensions Hire of plant and machinery Rent Repairs and Renewals Insurance Equipment Uniforms Staff Training Cleaning Depreciation of tangible fixed assets Other Telephone Advertising Sundries Bookkeeping Support costs Governance costs Accountancy Total resources expended Net expenditure |
2022 £ 125,612 36,660 162,272 493 20 162,785 - 130,726 4,400 1,456 600 14,574 5,615 1,400 1,744 1,794 1,181 1,256 245 164,991 948 153 334 14,976 16,411 438 181,840 (19,055) |
2021 £ 134,171 20,003 154,174 1,074 5 155,253 (9,267) 125,391 - 2,770 528 15,717 4,976 1,436 1,086 1,377 488 2,547 326 156,642 910 146 317 14,976 16,349 414 164,138 (8,885) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
Issuer
Watson Associates
Document generated Mon, 17th Apr 2023 16:39:36 BST Document fingerprint 443f4f095e74461fe49557a8bb3626e2
Parties involved with this document
Document processed
Party + Fingerprint
Wed, 19th Apr 2023 11:20:59 BST Gaye Nethercot - Signer (c803a03e5f22b3c936ad656a513523b1) Wed, 19th Apr 2023 11:31:47 BST Watson Associates - Signer (686eb4d165525828f31a6131cba30440) Audit history log Date Action Wed, 19th Apr 2023 11:31:47 BST The envelope has been signed by all parties. (51.155.44.241) Wed, 19th Apr 2023 11:31:47 BST Watson Associates signed the envelope. (51.155.44.241) Wed, 19th Apr 2023 11:31:34 BST Watson Associates viewed the envelope. (51.155.44.241) Wed, 19th Apr 2023 11:21:01 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Wed, 19th Apr 2023 11:20:59 BST Document emailed to linda.hill@watsons.co.uk (18.135.105.161) Wed, 19th Apr 2023 11:20:59 BST Sent the envelope to Watson Associates (linda.hill@watsons.co.uk) for signing. (188.223.58.215) Wed, 19th Apr 2023 11:20:59 BST Gaye Nethercot signed the envelope. (188.223.58.215) Wed, 19th Apr 2023 11:20:15 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Mon, 17th Apr 2023 17:32:32 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Mon, 17th Apr 2023 16:42:38 BST Document emailed to admin@stonecrosspreschool.org (35.178.4.48) Mon, 17th Apr 2023 16:42:38 BST Sent the envelope to Gaye Nethercot (admin@stonecrosspreschool.org) for signing. (51.155.44.241) Mon, 17th Apr 2023 16:41:03 BST Watson Associates has been assigned to this envelope (51.155.44.241) Mon, 17th Apr 2023 16:41:03 BST Gaye Nethercot has been assigned to this envelope (51.155.44.241) Mon, 17th Apr 2023 16:39:53 BST Document generated with fingerprint 443f4f095e74461fe49557a8bb3626e2 (51.155.44.241) Mon, 17th Apr 2023 16:39:36 BST Envelope generated by Linda Hill (51.155.44.241)
REGISTERED CHARITY NUMBER: 1030338
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
FOR
STONE CROSS INDEPENDENT PRE-SCHOOL
Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW
STONE CROSS INDEPENDENT PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| 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 |
STONE CROSS INDEPENDENT PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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
1030338
Principal address
Memorial Hall Dittons Road Pevensey East Sussex BN24 5ET
Trustees
Ms G Nethercot L Graham K Mepham E Harmer K McQuillan A Beard H Edwards
Independent Examiner
Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 19 Apr 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Gaye Nethercot ................................................................. Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE CROSS INDEPENDENT PRE-SCHOOL
Independent examiner's report to the trustees of Stone Cross Independent Pre-School
I report to the charity trustees on my examination of the accounts of Stone Cross Independent Pre-School (the Trust) for the year ended 31 August 2022.
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.
Watsons Associates
Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 19 Apr 2023 Date: .............................................
Page 2
STONE CROSS INDEPENDENT PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 162,272 Other trading activities 2 493 Investment income 3 20 Total 162,785 EXPENDITURE ON Raising funds 4 - Charitable activities Charitable Activities - MISC 165,429 Other 16,411 Total 181,840 NET INCOME/(EXPENDITURE) (19,055) RECONCILIATION OF FUNDS Total funds brought forward 69,120 TOTAL FUNDS CARRIED FORWARD 50,065 |
2021 Total funds £ 154,174 1,074 5 155,253 (9,267) 9,278 147,778 16,349 164,138 (8,885) 78,005 69,120 |
|---|---|
The notes form part of these financial statements
Page 3
STONE CROSS INDEPENDENT PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 733 CURRENT ASSETS Stocks 9 794 Debtors 10 2,071 Cash at bank 53,287 56,152 CREDITORS Amounts falling due within one year 11 (6,820) NET CURRENT ASSETS 49,332 TOTAL ASSETS LESS CURRENT LIABILITIES 50,065 NET ASSETS 50,065 FUNDS 12 Unrestricted funds 50,065 TOTAL FUNDS 50,065 |
2021 Total funds £ 978 563 1,956 68,392 70,911 (2,769) 68,142 69,120 69,120 69,120 69,120 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19 Apr 2023
Gaye Nethercot ............................................. Trustee
The notes form part of these financial statements
Page 4
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Page 5
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
2. OTHER TRADING ACTIVITIES
| Fundraising events 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Investment management costs Government Grants |
2022 £ 493 2022 £ 20 2022 £ - |
2021 £ 1,074 2021 £ 5 2021 £ (9,267) |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Total employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Charitable Activities MISC |
2022 2021 14 13 Unrestricted fund £ 154,174 1,074 5 155,253 (9,267) 9,278 147,778 |
|---|---|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 6
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
| 7. | 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 | ||||
| fund | ||||
| £ | ||||
| Other | 16,349 | |||
| Total | 164,138 | |||
| NET INCOME/(EXPENDITURE) | (8,885) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 78,005 | |||
| TOTAL FUNDS CARRIED FORWARD | 69,120 | |||
| 8. | TANGIBLE FIXED ASSETS | |||
| COST | Fixtures and fittings £ |
|||
| At 1 September 2021 and | ||||
| 31 August 2022 | 4,508 | |||
| DEPRECIATION | ||||
| At 1 September 2021 | 3,530 | |||
| Charge for year | 245 | |||
| At 31 August 2022 | 3,775 | |||
| NET BOOK VALUE | ||||
| At 31 August 2022 | 733 | |||
| At 31 August 2021 | 978 | |||
| 9. | STOCKS | |||
| Stocks | 2022 £ 794 |
2021 £ 563 |
Page 7
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 12. MOVEMENT IN FUNDS At 1.9.21 £ Unrestricted funds General fund 69,120 TOTAL FUNDS 69,120 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 162,785 TOTAL FUNDS 162,785 Comparatives for movement in funds At 1.9.20 £ Unrestricted funds General fund 78,005 TOTAL FUNDS 78,005 |
2022 2021 £ £ 1,562 1,481 - 50 509 425 2,071 1,956 2022 2021 £ £ 908 1,160 4,942 1,207 970 402 6,820 2,769 Net movement At in funds 31.8.22 £ £ (19,055) 50,065 (19,055) 50,065 Resources Movement expended in funds £ £ (181,840) (19,055) (181,840) (19,055) Net movement At in funds 31.8.21 £ £ (8,885) 69,120 (8,885) 69,120 |
|---|---|
Page 8
continued...
STONE CROSS INDEPENDENT PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 155,253 155,253 |
Resources Movement expended in funds £ £ (164,138) (8,885) (164,138) (8,885) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.20 in funds £ £ 78,005 (27,940) 78,005 (27,940) |
At 31.8.22 £ 50,065 50,065 |
|---|---|---|
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 £ 318,038 318,038 |
Resources Movement expended in funds £ £ (345,978) (27,940) (345,978) (27,940) |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 9
STONE CROSS INDEPENDENT PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| INCOME AND ENDOWMENTS Donations and legacies Grants Fees Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Investment management costs Government Grants Charitable activities Wages Social security Pensions Hire of plant and machinery Rent Repairs and Renewals Insurance Equipment Uniforms Staff Training Cleaning Depreciation of tangible fixed assets Other Telephone Advertising Sundries Bookkeeping Support costs Governance costs Accountancy Total resources expended Net expenditure |
2022 £ 125,612 36,660 162,272 493 20 162,785 - 130,726 4,400 1,456 600 14,574 5,615 1,400 1,744 1,794 1,181 1,256 245 164,991 948 153 334 14,976 16,411 438 181,840 (19,055) |
2021 £ 134,171 20,003 154,174 1,074 5 155,253 (9,267) 125,391 - 2,770 528 15,717 4,976 1,436 1,086 1,377 488 2,547 326 156,642 910 146 317 14,976 16,349 414 164,138 (8,885) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
Issuer
Watson Associates
Document generated Mon, 17th Apr 2023 16:39:36 BST Document fingerprint 443f4f095e74461fe49557a8bb3626e2
Parties involved with this document
Document processed
Party + Fingerprint
Wed, 19th Apr 2023 11:20:59 BST Gaye Nethercot - Signer (c803a03e5f22b3c936ad656a513523b1) Wed, 19th Apr 2023 11:31:47 BST Watson Associates - Signer (686eb4d165525828f31a6131cba30440) Audit history log Date Action Wed, 19th Apr 2023 11:31:47 BST The envelope has been signed by all parties. (51.155.44.241) Wed, 19th Apr 2023 11:31:47 BST Watson Associates signed the envelope. (51.155.44.241) Wed, 19th Apr 2023 11:31:34 BST Watson Associates viewed the envelope. (51.155.44.241) Wed, 19th Apr 2023 11:21:01 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Wed, 19th Apr 2023 11:20:59 BST Document emailed to linda.hill@watsons.co.uk (18.135.105.161) Wed, 19th Apr 2023 11:20:59 BST Sent the envelope to Watson Associates (linda.hill@watsons.co.uk) for signing. (188.223.58.215) Wed, 19th Apr 2023 11:20:59 BST Gaye Nethercot signed the envelope. (188.223.58.215) Wed, 19th Apr 2023 11:20:15 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Mon, 17th Apr 2023 17:32:32 BST Gaye Nethercot viewed the envelope. (188.223.58.215) Mon, 17th Apr 2023 16:42:38 BST Document emailed to admin@stonecrosspreschool.org (35.178.4.48) Mon, 17th Apr 2023 16:42:38 BST Sent the envelope to Gaye Nethercot (admin@stonecrosspreschool.org) for signing. (51.155.44.241) Mon, 17th Apr 2023 16:41:03 BST Watson Associates has been assigned to this envelope (51.155.44.241) Mon, 17th Apr 2023 16:41:03 BST Gaye Nethercot has been assigned to this envelope (51.155.44.241) Mon, 17th Apr 2023 16:39:53 BST Document generated with fingerprint 443f4f095e74461fe49557a8bb3626e2 (51.155.44.241) Mon, 17th Apr 2023 16:39:36 BST Envelope generated by Linda Hill (51.155.44.241)