Trustees Report August 2020
What has happened over the last year?
We have had a very strange and difficult year. The academic year started with a good number of children which we had been able to accommodate with just two members of staff, meaning we were profitable from the first day – normally our income from the previous summer term covers any shortfall from the autumn term but this was not the case. Numbers steadily increased and the new staffing situation worked well.
December 2019 we signed up to the Curiosity Approach - the ethos is about using a child's
natural curiosity to go back to basics with the use of wooden resources, ordinary household items and bric-a-brac. We have moved away from the bright, plastic toys and displays and are much more child focused, with In The Moment Planning being used to develop the child’s interests.
Then in March 2020 we had to close due to the Covid-19 virus. We were able to ensure that any children of key workers found alternative childcare (initially just one child) and supported the other children and families with activity packs and resources delivered to their homes or at the allotment in a covid safe delivery. As being outdoors was a safer option, we developed areas on the allotment for families to use individually, providing cleaning materials for between each visit.
We were very glad to be back at preschool before the summer holidays, doing most of our activities outdoors but following all the government guidance. Only one child didn’t return due to Covid.
Essential training has been completed and we are awaiting certification of a Level 3 for a current staff member.
Due to covid we have put all fundraising for the Rotunda on hold as most grants appear to be Covid recovery related.
The staff and committee are looking forward to another successful year for the Preschool, working towards the Curiosity Approach accreditation and hoping for very few interruptions due to Covid.
Sarah Heyes
Manager/Director
Company registered number 07035353 Registered charity number 1030965
Buxworth Pre-School
Report and Accounts
31 August 2020
Buxworth Pre-School Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the Trustees to prepare accounts for each financial year. Under that law the Trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accountson the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
1
Buxworth Pre-School
Independent examiner's report to the Trusteess of Buxworth Pre-School
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is nedded.
It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions give by the Charity Commission (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention.
Basis of independent examiner's stetement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes the consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
Hayley Pell HLP Accounting 39 Beresford Road Chapel-en-le-Frith High Peak SK23 0NY
28 May 2021
2
Buxworth Pre-School Statement of Financial Activities for the year ended 31 August 2020
| Notes Charitable activities Charitable activities Governance costs 2 Funds at 31 August 2020 Incoming resources Resources expended Total resources expended Net incoming/(outgoing) resources Net movement in funds Funds at 31 August 2019 |
Unrestricte d funds 2020 £ 50,118 46,502 235 46,737 3,381 3,381 5,265 8,646 |
Unrestricte d funds 2019 £ 54,889 41,107 550 41,657 13,232 3,073 2,192 5,265 |
|---|---|---|
3
Buxworth Pre-School Registered number: Balance Sheet as at 31 August 2020
07035353
| Notes Fixed assets Intangible assets 3 Tangible assets Investments Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Reserves Unrestricted funds 6 |
2020 £ unrestricted funds 190 - - 190 892 23,684 24,575 (8,628) 15,948 16,138 8,646 8,646 |
2019 £ unrestricted funds 339 - - 339 922 19,809 20,731 (8,413) 12,318 12,657 5,265 5,265 |
|---|---|---|
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Sarah Hayes Trustee Approved by the board on 28th May 2021
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Buxworth Pre-School Notes to the Accounts for the year ended 31 August 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
Fund accounting
Unrestricted funds are avaliable for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Incomeing resources
-
Incomeing resources are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources - the Trustees are virtually certain they will receive resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming resources from charitable trading activity are accounted for when earned.
Investment income is included when receivable
Resources expanded
Expenditure is recognised on an accruals basis when a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for the beneficiaries. It includes both the direct costs and support costs relating to such activities.
Governance costs include those costs associated with the constitutional and statutory requirements of the charity and include its fees and costs linked to the strtegic management of the charity.
| 2 | Operating profit | 2020 | 2019 |
|---|---|---|---|
| £ | £ | ||
| This is stated after charging: | |||
| Depreciation of owned fixed assets | 64 | 85 |
| 2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
|---|---|---|---|
| Tangible fixed assets Cost At 31 August 2019 Additions Disposals At 31 August 2020 |
Plant and machinery etc £ 1,067 - - 1,067 |
3 Tangible fixed assets
6
| Amortisation At 31 August 2019 Provided during the year On disposals At 31 August 2020 Net book value At 31 August 2020 At 31 August 2019 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Other creditors 6 Movement in unrestricted funds At 31 August 2019 Profit for the year At 31 August 2020 |
2020 £ 891 2020 £ 8,628 2020 £ 5,265 3,381 8,646 |
728 64 - 792 275 339 2019 £ 922 2019 £ 8,413 |
|---|---|---|
5
Buxworth Pre-School Detailed profit and loss account for the year ended 31 August 2020
| Sales Sales Charitable activities Employee costs: Wages and salaries Pensions Staff training and welfare Motor expenses Entertaining Premises costs: Rent Cleaning General administrative expenses: Food Books & resources Children's toys Children's activities Children's photos Fund raising activities Local Projects Telephone and fax Postage Stationery and printing Courier services Information and publications Subscriptions Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Amortisation of goodwill Bad debts Sundry expenses Governance costs Accountancy fees Other legal and professional |
2020 £ 50,118 33,156 867 1,968 306 88 36,385 2,700 241 2,941 1,629 - 773 1,859 - 181 41 94 23 151 - - - - 690 80 - 72 732 64 - - 788 7,175 46,502 235 - - 235 46,737 |
2019 £ 37,019 32,945 431 501 444 266 34,586 2,400 67 2,467 1,473 - 1,204 1,906 - 183 2,018 99 8 189 - 153 - - 681 14 - - 111 85 - 937 733 4,054 41,107 550 - 550 41,657 |
|---|---|---|
7
Company registered number 07035353 Registered charity number 1030965
Buxworth Pre-School
Report and Accounts
31 August 2020
Buxworth Pre-School Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the Trustees to prepare accounts for each financial year. Under that law the Trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law Trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accountson the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
1
Buxworth Pre-School
Independent examiner's report to the Trusteess of Buxworth Pre-School
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is nedded.
It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions give by the Charity Commission (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention.
Basis of independent examiner's stetement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes the consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
Hayley Pell HLP Accounting 39 Beresford Road Chapel-en-le-Frith High Peak SK23 0NY
28 May 2021
2
Buxworth Pre-School Statement of Financial Activities for the year ended 31 August 2020
| Notes Charitable activities Charitable activities Governance costs 2 Funds at 31 August 2020 Incoming resources Resources expended Total resources expended Net incoming/(outgoing) resources Net movement in funds Funds at 31 August 2019 |
Unrestricte d funds 2020 £ 50,118 46,502 235 46,737 3,381 3,381 5,265 8,646 |
Unrestricte d funds 2019 £ 54,889 41,107 550 41,657 13,232 3,073 2,192 5,265 |
|---|---|---|
3
Buxworth Pre-School Registered number: Balance Sheet as at 31 August 2020
07035353
| Notes Fixed assets Intangible assets 3 Tangible assets Investments Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Reserves Unrestricted funds 6 |
2020 £ unrestricted funds 190 - - 190 892 23,684 24,575 (8,628) 15,948 16,138 8,646 8,646 |
2019 £ unrestricted funds 339 - - 339 922 19,809 20,731 (8,413) 12,318 12,657 5,265 5,265 |
|---|---|---|
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Sarah Hayes Trustee Approved by the board on 28th May 2021
4
Buxworth Pre-School Notes to the Accounts for the year ended 31 August 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
Fund accounting
Unrestricted funds are avaliable for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Incomeing resources
-
Incomeing resources are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources - the Trustees are virtually certain they will receive resources; and
-
the monetary value can be measured with sufficient reliability.
Incoming resources from charitable trading activity are accounted for when earned.
Investment income is included when receivable
Resources expanded
Expenditure is recognised on an accruals basis when a liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for the beneficiaries. It includes both the direct costs and support costs relating to such activities.
Governance costs include those costs associated with the constitutional and statutory requirements of the charity and include its fees and costs linked to the strtegic management of the charity.
| 2 | Operating profit | 2020 | 2019 |
|---|---|---|---|
| £ | £ | ||
| This is stated after charging: | |||
| Depreciation of owned fixed assets | 64 | 85 |
| 2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
2 Operating profit 2020 2019 £ £ This is stated after charging: Depreciation of owned fixed assets 64 85 |
|---|---|---|---|
| Tangible fixed assets Cost At 31 August 2019 Additions Disposals At 31 August 2020 |
Plant and machinery etc £ 1,067 - - 1,067 |
3 Tangible fixed assets
6
| Amortisation At 31 August 2019 Provided during the year On disposals At 31 August 2020 Net book value At 31 August 2020 At 31 August 2019 4 Debtors Trade debtors 5 Creditors: amounts falling due within one year Other creditors 6 Movement in unrestricted funds At 31 August 2019 Profit for the year At 31 August 2020 |
2020 £ 891 2020 £ 8,628 2020 £ 5,265 3,381 8,646 |
728 64 - 792 275 339 2019 £ 922 2019 £ 8,413 |
|---|---|---|
5
Buxworth Pre-School Detailed profit and loss account for the year ended 31 August 2020
| Sales Sales Charitable activities Employee costs: Wages and salaries Pensions Staff training and welfare Motor expenses Entertaining Premises costs: Rent Cleaning General administrative expenses: Food Books & resources Children's toys Children's activities Children's photos Fund raising activities Local Projects Telephone and fax Postage Stationery and printing Courier services Information and publications Subscriptions Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Amortisation of goodwill Bad debts Sundry expenses Governance costs Accountancy fees Other legal and professional |
2020 £ 50,118 33,156 867 1,968 306 88 36,385 2,700 241 2,941 1,629 - 773 1,859 - 181 41 94 23 151 - - - - 690 80 - 72 732 64 - - 788 7,175 46,502 235 - - 235 46,737 |
2019 £ 37,019 32,945 431 501 444 266 34,586 2,400 67 2,467 1,473 - 1,204 1,906 - 183 2,018 99 8 189 - 153 - - 681 14 - - 111 85 - 937 733 4,054 41,107 550 - 550 41,657 |
|---|---|---|
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