2023-03-30-accounts

Lewin Pre-school Ltd

Report and Accounts Year ended 31 March 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

LEWIN PRE-SCHOOL LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

Trustees

Alanna Richardson Jamie Old (appointed 15 July 2022) Josphine Hutton Raymond Smith Vivienne Sharp Shea Richardson

Company Secretary

Raymond Smith

Key Staff

Andreé Smith (Pre-School Manager)

Governing Document

Memorandum and Articles of Association dated 6 September 2012

Company Registration Number Charity Registration Number

08204886

1031512

Principal Address & Registered Office

11a Natal Road Streatham London SW16 6JA

Independent Examiner

Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Contents	Page
Company Information	1
Trustees' Annual Report	2-3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7-11
Detailed Statement of Financial Activities with Comparatives	12

Page 1

LEWIN PRE-SCHOOL LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are to enhance the development and education of under statutory schoolage children in a community-based group, involve parents in their children's education, provide a safe, secure and stimulating environment and to provide equality of opportunity for all children and families.

Public benefit

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

The charity has been set up to offer a specially tailored curriculum leading to approved learning outcomes in accordance with the Department for Education Early Years Foundation Stage for children aged 2-4 years including children with special educational needs and disabilities. Individual care and attention is made possible by the high ratio of adults to children and the setting’s ethos of learning through play, following child’s interests and collaborative learning. It offers support for a personal key worker and opportunities for parents/carers and their family to be directly involved in the activities of the group and in their own child’s progress. Lewin Pre-school supports school and college students by giving them work experience in an early years setting and provides support including financial support for staff doing apprenticeships and further training to gain higher qualifications in early years education and management.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity continued to deliver on its objectives during the year and overall, the financial position set out in the financial statements was satisfactory.

FINANCIAL REVIEW

Financial position

The financial position of the Charity at the year-end was satisfactory and in line with previous years.

Principal funding sources

The charity receives the bulk of its incoming resources from grants from regional and government bodies, however this is supplemented by fundraising and donations.

Reserves policy

It is the policy of the Charity to ensure that income is expended upon the objects of the Charity and to ensure that reserves are maintained at a healthy enough level to cover unforeseen events and to provide a buffer should income fall unexpectedly at any point.

Page 2

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New Trustees generally come from recommendations by existing Trustees and if approved, are appointed at the next Trustees meeting.

RESPONSIBILITIES OF TRUSTEES UNDER COMPANY LAW

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

1. select suitable accounting policies and apply them consistently;

2. observe the methods and principles in the Charities SORP;

3. make judgments and estimates that are reasonable and prudent;

4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Raymond Smith Raymond Smith (Mar 27, 2024 00:43 GMT)

Raymond Smith

Date: Mar 27, 2024

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

LEWIN PRE-SCHOOL LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 on pages 5 to 11 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Sarah Crispin

Sarah Crispin (Mar 28, 2024 13:33 GMT)

Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Mar 28, 2024

Page 4

LEWIN PRE-SCHOOL LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Total income and endowments EXPENDITURE ON: Charitable activities 5 Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12	Unrestricted Funds £ 591 108,733 109,324 132,057 132,057 - (22,733) 2,080 (20,653) 101,427 80,774	Restricted Funds £ - - - - - - - (2,080) (2,080) 2,080 -	Total Funds 2023 £ 591 108,733 109,324 132,057 132,057 - (22,733) - (22,733) 103,507 80,774	Total Funds 2022 £ 933 126,241
				127,174
				123,940
				123,940
				-
				3,234 -
				3,234 100,273
				103,507

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 7-11 form part of these accounts.

Page 5

LEWIN PRE-SCHOOL LTD

BALANCE SHEET

AS AT 31 MARCH 2023

Note FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 CREDITORS: Amounts falling due within one year 10 Net current assets / (liabilities) Total assets less current liabilities TOTAL NET ASSETS FUND BALANCES 12 Unrestricted Funds General funds Restricted Funds	Unrestricted Funds £ 295 295 4,928 77,701 82,629 (2,150) 80,479 80,774 80,774 80,774 80,774 - 80,774	Restricted Funds £ - - - - - - - - - - - - -	Total Funds 2023 £ 295 295 4,928 77,701 82,629 (2,150) 80,479 80,774 80,774 80,774 80,774 - 80,774	Total Funds 2022 £ 442
				442
				227 105,711
				105,938 (2,874)
				103,064
				103,506
				103,506
				101,426
				101,426 2,080
				103,506

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

• The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Raymond Smith Raymond Smith (Mar 27, 2024 00:43 GMT) --------------------------------------Raymond Smith Mar 27, 2024 Date: _______

Company number: 08204886

Charity number: 1031512

The notes on page 7-11 form part of these accounts.

Page 6

LEWIN PRE-SCHOOL LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

• The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

• b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from Lambeth Borough Council for early years funding and sale of school uniform.

• c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

• d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

d) Tangible fixed assets

• Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Furniture & equipment Over estimated useful economic life Computer equipment Over 4 years

f) Stocks

Stocks of goods purchased for re-sale are stated at the lower of cost and net realisable value.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

Page 7

LEWIN PRE-SCHOOL LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

2 Accounting Policies (cont.)

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations

Donations of cash and similar 4 Income from charitable activities Nursery Education Grant Local Authority Grant Fees Sale of uniform 5 Charitable expenditure a Costs incurred directly on specific activities Staff costs Rent Other direct costs b Costs incurred on support & administration Governance costs Independent examiner's fee Other Office costs Subscriptions and professional fees Depreciation of tangible fixed assets Total expenditure	2023 £ 591 591 2023 £ 88,613 6,500 13,405 215 108,733 2023 £ 103,800 14,069 4,277 122,147 1,860 - 1,860 1,122 6,781 147 9,910 132,057	2022 £ 933
		933
		2022 £ 100,925 11,672 13,644 -
		126,241
		2022 £ 104,359 11,500 2,198
		118,057
		3,600 -
		3,600 1,039 846 397
		5,883
		123,940

Total expenditure

Page 8

LEWIN PRE-SCHOOL LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 4 (2022: 5).

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

		Other	Employer
	Wages &	employment	pension	2023
	salaries	benefits	contributions	£
Key management connected to trustees:
Andree Smith (spouse of trustee)	36,316	-	893	37,209
The following amounts were payable in the previous year:
		Other	Employer
	Wages &	employment	pension	2022
	salaries	benefits	contributions	£
Key management connected to trustees:
Andree Smith (spouse of trustee)	34,557	-	-	34,557

No trustees received employment benefits in either the current or preceding year.

7 Tangible fixed assets

Cost At 1 April 2022 Disposals At 31 March 2023 Accumulated depreciation At 1 April 2022 Charge for the year Eliminated on disposal At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 8 Debtors Prepayments and accrued income 9 Cash at Bank and in Hand Cash at bank with immediate access Petty cash	Plant and machinery £ 9,414 - 9,414 9,414 - - 9,414 - -	Computer equipment £ 23,044 (21,457) 1,587 22,602 147 (21,457) 1,292 295 442 2023 £ 4,928 4,928 2023 £ 77,595 106 77,701	Total 2023 £ 32,458 (21,457)
			11,001
			32,016 147 (21,457)
			10,706
			295
			442
			2022 £ 227
			227
			2022 £ 105,684 28
			105,711

Page 9

LEWIN PRE-SCHOOL LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

10 Creditors: liabilities falling due within one year

itors: liabilities falling due within one year
Taxation and social security Other creditors Accruals	2023 £ 290 - 1,860 2,150	2022 £ 110 88 2,676
		2,874

11 Pension commitments

During the year employer’s pension contributions totalling £1,621 were payable to defined contribution personal pension schemes. Pension contributions of £290 were owing at the balance sheet date.

12 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds Total Unrestricted Funds Restricted Funds Local Authority Grants Aggregate of funds	Opening balance 2023 £ 101,427 101,427 2,080 2,080 103,507	Incoming resources 2023 £ 109,324 109,324 - - 109,324	Outgoing resources 2023 £ (132,057) (132,057) - - (132,057)	Transfers in the year 2023 £ 2,080 2,080 (2,080) (2,080) -	Gains and losses 2023 £ - - - - -	Closing balance 2023 £ 80,774
						80,774
						-
						-
						80,774

The transfers referred to above were made for the following reasons:

From Local Authority Grant fund to General funds to reflect amounts spent in previous years which should have been taken a) from this restricted fund.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets Stock Debtors Cash at bank and in hand Creditors falling due within one year		General Designated funds funds £ £ 295 - - - 4,928 - 77,701 - (2,150) - 80,774 - Unrestricted Funds	Restricted funds £ - - - - - -	2023 £ 295 - 4,928 77,701 (2,150)
		General funds £ 295 - 4,928 77,701 (2,150) 80,774
				80,774

Page 10

LEWIN PRE-SCHOOL LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

12 Funds (cont.)

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds Total Unrestricted Funds Restricted Funds Local Authority Grants Aggregate of funds	Opening balance 2022 £ 98,193 98,193 2,080 2,080 100,273	Incoming resources 2022 £ 127,174 127,174 - - 127,174	Outgoing resources 2022 £ (123,940) (123,940) - - (123,940)	Transfers in the year 2022 £ - - - - -	Gains and losses 2022 £ - - - - -	Closing balance 2022 £ 101,427
						101,427
						2,080
						2,080
						103,507

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets Stock Debtors Cash at bank and in hand Creditors falling due within one year	General Designated funds funds £ £ 442 - 227 103,631 - (2,874) 101,426 - Unrestricted Funds	Restricted funds £ 2,080 2,080	2022 £ 442 - 227 105,711 (2,874)
			103,506

The Local Authority Grant fund represents additional early years funding to support special needs children and was spent on sensory equipment and additional staff time.

13 Operating lease commitments

The charity has an operating lease for its premises. There was no liability at year end as rent is paid in advance. The operating lease commitment runs until August 2024.

During the year the charity was charged £14,069 (2022: £11,500) for its operating lease.

14 Transactions with related parties

Except as disclosed in note ... 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 11

LEWIN PRE-SCHOOL LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2023

Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total Expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12		General Designated 2023 2023 £ £ 591 108,733 109,324 - 132,057 132,057 - - (22,733) - 2,080 - (20,653) - 101,427 - 80,774 - Unrestricted funds	Restricted 2023 £ - - - (2,080) (2,080) 2,080 -	Total 2023 £ 591 108,733 109,324 132,057 132,057 - (22,733) - (22,733) 103,507 80,774			General Designated 2022 2022 £ £ 933 126,241 127,174 - 123,940 123,940 - - 3,234 - - - 3,234 - 98,193 - 101,427 - Unrestricted funds	Restricted 2022 £ - - - - - 2,080 2,080	Total 2022 £ 933 126,241 127,174 123,940 123,940 - 3,234 - 3,234 100,273 103,507

Page 12

Lewin Preschool Accounts 2023 FINAL FOR SIGNING

Final Audit Report

2024-03-28

Created: 2024-03-26 By: Sarah Crispin ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA3WvWVFMWH4zbH2KcC_4ZAahJoGospxwP

"Lewin Preschool Accounts 2023 FINAL FOR SIGNING" History

Document created by Sarah Crispin ([e-mail])

2024-03-26 - 18:32:57 GMT

Document emailed to Raymond Smith ([e-mail]) for signature

2024-03-26 - 18:34:03 GMT

Email viewed by Raymond Smith ([e-mail])

2024-03-27 - 00:37:38 GMT

Document e-signed by Raymond Smith ([e-mail])

Signature Date: 2024-03-27 - 00:43:07 GMT - Time Source: server

Document emailed to Sarah Crispin ([e-mail]) for signature 2024-03-27 - 00:43:08 GMT

Email viewed by Sarah Crispin ([e-mail]) 2024-03-28 - 13:33:29 GMT

Document e-signed by Sarah Crispin ([e-mail])

Signature Date: 2024-03-28 - 13:33:44 GMT - Time Source: server

Agreement completed.

2024-03-28 - 13:33:44 GMT