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2021-08-31-accounts

REGISTERED CHARITY NUMBER: 1031071
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 August 2021
for
Jigsaw Pre School
Jigsaw Pre School

Contents of the Financial Statements for the Year Ended 31 August 2021

Page
Chairperson Report 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15 to 16
Jigsaw Pre School

Chairperson Report for the Year Ended 31 August 2021

It has been another busy year at both settings. Covid restrictionswere still in place at the beginning of the year, staff all
pulled together to work additional hours to cover staff self isolation periods.
Avarietyofadditionalactivitieswereofferedtothechildrenthisyear,parties,picnicsetc.andbothsettingshad a
graduationceremonyfor leavers,feedbackfrom parentsregardingthe changesbroughton by the pandemichas been
very positive this year.
Due to the increase in the number of children attending new staff members were recruited.
Thankyoutothecommitteefortheirsupportthisyearandalsotothestaffinbothsettingswhohave worked
extremely hard this year making changes with the introduction on the new EYFS.
Page 1
Jigsaw Pre School

Report of the Trustees

for the Year Ended 31 August 2021

The trusteespresenttheirreportwiththefinancialstatementsof thecharityfor theyearended31 August2021. The
trusteeshaveadoptedtheprovisionsof AccountingandReportingbyCharities:Statementof Recommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and public benefit statement

The charity'sprincipalaimsareto enhancetheeducationanddevelopmentof childrenunderstatutoryschoolage by
encouragingparentstounderstandandprovidefortheneedsoftheirchildrenthroughcommunitygroupsand by
offering appropriate play, education and care facilities, family learning and extended hours groups.
The trusteesconfirmthattheyhavereferredto the guidancecontainedin the CharityCommission'sgeneral guidance
on public benefit when reviewing the charity's aims and objectives.
Therightofparentstotakeresponsibilityforandbecomeinvolvedintheseactivitiesareacknowledged and
encouragedandthegroupofferstheseopportunitiestoallchildreninthelocalareawhatevertheirrace, culture,
religion, means or ability.

ACHIEVEMENT AND PERFORMANCE Charitable activities Executive Managers Report 2021

Jigsaw Pre School (Sproughton)

Covidrestrictionswerestillinplacethisyear.Fullanddetailedriskassessmentswerecarriedoutatbothsites and
regularly reviewed when opening up after each lockdown - parents were kept informed of changes throughout.
Both sites had a busy year with staff rising to the challengesof Covid, includingcovering staff self isolationperiods and
also the introduction of the new EYFS.
End of summer term party 19th July was attended by the majority of children
Thanks to our chairpersonfor all his hard work and to the rest of the committee for their support throughoutthe  year,
and a huge thanks to all the staff for their hard work and dedication in both settings throughout this year.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities for the year is set out on page 6 of the financial statements.
There was a net surplus for the year of £19,606  2020 (£24,735).
Total funds now stand at £39,818 (2020 £20,212).

Investment policy and objectives

The Charity'sconstitutiondoes not conveyinvestmentpowers;all surplusfundsare held in one or more bank deposit
accounts.
Page 2
Jigsaw Pre School

Report of the Trustees for the Year Ended 31 August 2021

FINANCIAL REVIEW

Reserves policy

The charityhasno formalreservespolicyas it receivesmostof itsfundingfromEarlyYearsgrantfundingand session
fees,however,tocoveranytemporaryshortfallincashflowthatmayoccurduetotimingofreceipts,a moderate
balanceis retainedon bankdeposit.Unrestrictednet currentsurplusat the balancesheetdateamountedto £39,818
(2020 £20,212).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charityis registeredwith the CharityCommission(no. 1031071)and until 14th November 2016 was governed by  a
constitutionadopted9th October1985as amendedon 20thDecember1993.At the AnnualGeneralMeetingon  14th
November2016themembersratifiedtheadoptionofanewconstitutionbasedonthe2008model constitution
produced by the Pre-School Learning Alliance. The group is a member of the Pre-School Learning Alliance.
TheoverallmanagementandcontrolofthePre-schoolrestswiththeindividualmembersofthe Pre-school's
management committee. Committee members are also the charity trustees of the Pre-school.
The Committee meets a minimum of twice a year and requires the presence of at least half of its members including at
least two officersto form a quorum.All businessis decidedby a simple majority,each committeemember having one
vote. In the event of a tie, the Chair has the casting vote.

Recruitment and appointment of new trustees

TheCommittee(trustees)iselectedfromthecharity'smembershipateachAnnualGeneralMeetingandservesfor a
term of one year. Committee members may be re-elected for up to maximum of ten years. The Committee comprises a
minimumof5andamaximumof12membersandmustincludetheofficesofChair,TreasurerandSecretary. In
additiontheCommitteemayco-optupto3furthermemberswhostanduntilthenextAGM.Nomemberispaid for
their work as Committee member/trustee of the Charity.
There are currently 9 Committee members (trustees).

Voluntary staff

Thecharitybenefitsfromtheservicesprovidedbyvolunteers.Voluntaryhelpisnotvaluedforthepurposesof the
financial statements.

Risk management

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Thetrusteeshaveinplacepoliciesaddressingthemainoperationalriskareasincludinghealthandsafety and
safeguardingandtheyaim to use best practicein theseareas.An appropriatelevel of insuranceis maintainedto help
mitigate the main financial  risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1031071

Principal address

Church Lane
Sproughton
Ipswich
Suffolk
IP8 3BB
Page 3
Jigsaw Pre School

Report of the Trustees for the Year Ended 31 August 2021

Trustees

M Poole Chairman
Ms S Parker
Mrs L Phililips Secretary
Mrs R Laflin
Ms L Cook
Mrs L Largent Co-opted onto Committee
Mrs C Boulton Co-opted onto Committee
P Cramner Treasurer
E Cook

Independent Examiner

J. Knights ACA, BSc
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
M Poole - Trustee
Page 4

Independent Examiner's Report to the Trustees of Jigsaw Pre School

Independent examiner's report to the trustees of Jigsaw Pre School

I reportto the charitytrusteeson my examinationof the accountsof Jigsaw Pre School(theTrust)for the year ended
31 August 2021.

Responsibilities and basis of report

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportinrespectof myexaminationof theTrust'saccountscarriedoutundersection145of theActandin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnection 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.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J. Knights ACA, BSc
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Date: .............................................
Page 5
Jigsaw Pre School

Statement of Financial Activities

for the Year Ended 31 August 2021

2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
2,161
Charitable activities
3
Operation of pre-school
154,607
Total
156,768
EXPENDITURE ON
Charitable activities
4
Operation of pre-school
137,162
NET INCOME
19,606
RECONCILIATION OF FUNDS
Total funds brought forward
20,212
TOTAL FUNDS CARRIED FORWARD
39,818
2020
Total
funds
£
3,177
138,555
141,732
116,997
24,735
(4,523)
20,212
The notes form part of these financial statements
Page 6
Jigsaw Pre School

Balance Sheet

31 August 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
2,488
CURRENT ASSETS
Debtors
10
-
Cash at bank
67,515
67,515
CREDITORS
Amounts falling due within one year
11
(30,185)
NET CURRENT ASSETS
37,330
TOTAL ASSETS LESS CURRENT LIABILITIES
39,818
NET ASSETS
39,818
FUNDS
12
Unrestricted funds
39,818
TOTAL FUNDS
39,818
2020
Total
funds
£
2,759
1,424
50,694
52,118
(34,665)
17,453
20,212
20,212
20,212
20,212
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
M Poole - Trustee
.............................................
P Cramner - Trustee
The notes form part of these financial statements
Page 7
Jigsaw Pre School

Notes to the Financial Statements for the Year Ended 31 August 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
ThecharityhasappliedUpdateBulletin1aspublishedon2February2016anddoesnotincludeacash flow
statement on the grounds that it is applying FRS 102 Section 1A.
The financialstatementshave been prepared to give a 'true and fair' view and have departed from the  Charities
(AccountsandReports)Regulations2008onlytotheextentrequiredtoprovidea'trueandfair'view. This
departurehasinvolvedfollowingtheAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicableintheUKandRepublicofIreland(FRS102)issuedon16July2014ratherthantheAccounting and
ReportingbyCharities:Statementof RecommendedPracticeeffectivefrom1 April2005whichhassince been
withdrawn.
The financial statements are presented in sterling which is the functional currency of the charity.
The accounts are rounded to the nearest pound.
Thesignificantaccountingpoliciesappliedinthepreparationofthesefinancialstatementsaresetout below.
These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The deficitpositionhas been causedby takingon the additionalsettingin 2016.When this decisionwas  made
theTrusteesunderstoodthatitwouldtakeatleast5yearsforthefundingandcoststosettledown. Having
reviewed the cashflowforecaststhe Trusteesare of the opinionthat,despitethe deficitposition,no  significant
materialuncertaintiesexistregardingthecharity'sabilitytocontinueasagoingconcernforthe foreseeable
future.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantageof the following disclosure exemptions in preparing these financial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
Local authority funding grants are accounted for in the financial period to which the grants relate.
continued...
Page 8
Jigsaw Pre School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Tangible fixed assets

Depreciationis providedat the followingannualratesin order to write off each assetover its estimated useful
life.
Fixtures and fittings- 4 years straight line
Computer equipment- 3 years straight line

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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are unrestricted funds which have been designated for specific purposes by the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Lease commitments

Rentalspaidunderoperatingleases are chargedto the Statementof FinancialActivitieson a straightline basis
over the period of the lease.

Pension costs and other post-retirement benefits

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the  Statement of Financial Activities in the period to which they relate.

Financial instruments

Financialassetsandfinancialliabilitiesarerecognisedwiththecharitybecomespartytothe contractual
provisionsoftheinstrument.Allfinancialassetsandliabilitiesareinitiallymeasuredattransaction price
(including transaction costs).
The charityonlyhas financialassetsand financialliabilitiesof a kindthatqualifyas basicfinancial instruments.
Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredat their
settlement value.
continued...
Page 9
Jigsaw Pre School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

2.
DONATIONS AND LEGACIES
Donations
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Pre-school fees
Operation of pre-school
Grants
Operation of pre-school
Grants received, included in the above, are as follows:
Suffolk County Council
Coronavirus Job Retention Scheme
Babergh District Council
Apprentice incentive
4.
CHARITABLE ACTIVITIES COSTS
Operation of pre-school
5.
INDEPENDENT EXAMINER'S REMUNERATION
Fees payable for the independent examination
Other fees payable to the independent examiner
Direct
Costs
£
109,159
2021
£
2,161
2021
£
28,990
125,617
154,607
2021
£
101,417
5,843
17,857
500
125,617
Support
costs
£
28,003
2020
£
3,177
2020
£
31,824
106,731
138,555
2020
£
99,336
7,395
-
-
106,731
Totals
£
137,162
2021 2020
£ £
2,015 1,903
2,539 2,129
4,554 4,032
continued...
Page 10
Jigsaw Pre School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2021norforthe year
ended 31 August 2020.

Trustees' expenses

No trustee received reimbursement for expenses incurred in their role as trustee and Committee member.
Four trusteeswere reimbursedfor pre schoolexpendituretotalling£1,409on minor repairs,teaching supplies,
travelling, computer equipment and other sundries.(2020 three trustees totalling £297).

7. STAFF COSTS

The average monthly number of employees during the year was as follows:
Operation of the Pre-school
No employees received emoluments in excess of £60,000.
2021
13
2020
12

8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,177
Charitable activities
Operation of pre-school 138,555
Total 141,732
EXPENDITURE ON
Charitable activities
Operation of pre-school 116,997
NET INCOME 24,735
RECONCILIATION OF FUNDS
Total funds brought forward (4,523)
TOTAL FUNDS CARRIED FORWARD 20,212
continued...
Page 11
Jigsaw Pre School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

9. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 September 2020
5,168
1,379
Additions
249
865
At 31 August 2021
5,417
2,244
DEPRECIATION
At 1 September 2020
2,505
1,283
Charge for year
1,001
384
At 31 August 2021
3,506
1,667
NET BOOK VALUE
At 31 August 2021
1,911
577
At 31 August 2020
2,663
96
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade debtors
-
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade creditors
781
Taxation and social security
1,233
Other creditors
28,171
30,185
Totals
£
6,547
1,114
7,661
3,788
1,385
5,173
2,488
2,759
2020
£
1,424
2020
£
374
8,247
26,044
Totals
£
6,547
1,114
7,661
3,788
1,385
5,173
2,488
2,759
2020
£
1,424
34,665

Deferred income

Othercreditorsincludesincomereceivedforfutureperiodsandisdeferredwheretheconditionsattached to
the income have not yet been met
1 September
2020
Deferred
this year
Released this
year
31 August
2021
£ £ £ £
Local authority grants 21,138 22,711 (21,138) 22,711
continued...
Page 12
Jigsaw Pre School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2021

12. MOVEMENT IN FUNDS

At 1.9.20
£
Unrestricted funds
General fund
20,212
TOTAL FUNDS
20,212
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
156,768
TOTAL FUNDS
156,768
Comparatives for movement in funds
At 1.9.19
£
Unrestricted funds
General fund
(4,523)
TOTAL FUNDS
(4,523)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
141,732
TOTAL FUNDS
141,732
Net
movement
At
in funds
31.8.21
£
£
19,606
39,818
19,606
39,818
Resources
Movement
expended
in funds
£
£
(137,162)
19,606
(137,162)
19,606
Net
movement
At
in funds
31.8.20
£
£
24,735
20,212
24,735
20,212
Resources
Movement
expended
in funds
£
£
(116,997)
24,735
(116,997)
24,735
continued...
Page 13
Jigsaw Pre School

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.9.19 in funds 31.8.21
£ £ £
Unrestricted funds
General fund (4,523) 44,341 39,818
TOTAL FUNDS (4,523) 44,341 39,818
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
298,500
298,500
Resources
Movement
expended
in funds
£
£
(254,159)
44,341
(254,159)
44,341

13. EMPLOYEE BENEFIT OBLIGATIONS

The charityoperatesa definedbenefitpensionscheme.Contributionspaid and recognisedin the Statement of
FinancialActivitiestotalled£2,783(2020:£2,455).There was a liabilityof £250 (2020:£320) outstandingat the
year end.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.
Page 14
Jigsaw Pre School

Detailed Statement of Financial Activities

for the Year Ended 31 August 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Charitable activities
Pre-school fees
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Hire of plant and machinery
Equipment
Catering and refreshments
School trips
Staff training and courses
Support costs
Management
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Website & computer costs
Repairs and maintenance
Sundry expenses
Finance
Bank charges
Interest payable on overdue tax
2021
£
2,161
28,990
125,617
154,607
156,768
101,604
-
1,192
850
3,954
485
205
869
109,159
6,048
1,857
1,529
2,190
971
90
320
4,799
2,452
20,256
197
21
218
2020
£
3,177
31,824
106,731
138,555
141,732
89,374
348
1,048
1,664
1,754
3,053
400
254
97,895
4,936
1,531
326
1,976
1,073
180
276
1,432
1,298
13,028
211
63
274
This page does not form part of the statutory financial statements
Page 15
Jigsaw Pre School
Finance
Other
Fixtures and fittings
Computer equipment
Governance costs
Independent examination
Payroll and CJRS claims
Registration and licence fees
Legal and professional fees
Total resources expended
Net income
Detailed Statement of Financial Activities
for the Year Ended 31 August 2021
2021
£
1,001
385
1,386
2,015
2,539
821
768
6,143
137,162
19,606
2020
£
1,161
129
1,290
1,903
2,129
410
68
4,510
116,997
24,735
This page does not form part of the statutory financial statements
Page 16

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Signature 1

Signed by Mark Poole using authentication code XlFXTVpKTGNnbjRs at IP address 109.155.12.82, on 2022/07/22 07:01:43 Z.

Mark Poole's e-mail address is: chairperson@jigsawsproughton.org.uk.