## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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)