REGISTERED CHARITY NUMBER: 1031570
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
CRYPT PRE- SCHOOL
Lang Bennetts Chartered Accountants Bickland House Bickland Water Road Falmouth Cornwall TR11 4SB
CRYPT PRE- SCHOOL
## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
|||Page||
|---|---|---|---|
|Report ofthe Trustees||1||
|Independent Examiner's Report||2||
|Statement ofFinancial Activities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|9|
|DetailedStatementofFinancialActivities||10||
CRYPT PRE- SCHOOL
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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 1031570
Principal address St Mary's Church Killigrew Street FALMOUTH Cornwall TR11 3PR
Trustees
L Bellamy (appointed 4/11/2021) K Black
Independent Examiner Lang Bennetts Chartered Accountants Bickland House Bickland Water Road Falmouth Cornwall TR11 4SB
Approved by order ofthe board oftrustees OM ...........:::csceeeeeseeereereereeeeeeee and signed on its behalf by:
K Black - Trustee
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## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Charitable|activities|
|Charitable|activities|63,601|67,108|
|Other|trading|activities|2|374|1,149|
|Total|63,975|68,257|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|activities|71,993|57,762|
|Governance|costs|2,390|2,532|
|Total|74,383|60,294|
|NET|INCOME/(EXPENDITURE)|(10,408)|7,963|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|14,094|6,131|
|TOTAL|FUNDS|CARRIED FORWARD|3,686|14,094|
**----- End of picture text -----**
The notes form part of these financial statements
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## BALANCE SHEET
## 31 AUGUST 2021
|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|FIXED ASSETS||||
|Tangible assets|5|1,923|1,901|
|CURRENT ASSETS||||
|Debtors|6|106|110|
|Cash at bank and inhand||2,321|12,461|
|||2,427|12,571|
|CREDITORS||||
|Amounts falling due within one year|7|(664)|(378)|
|NET CURRENT ASSETS||1,763|12,193|
|TOTAL ASSETS LESS CURRENT||||
|LIABILITIES||3,686|14,094|
|NET ASSETS||3,686|14,094|
|FUNDS|8|||
|Unrestricted funds||3,686|14,094|
|TOTALFUNDS||3,686|14,094|
The financial statements were approved by the Board of Trustees and authorised for issue OM ..........c:csceeeececeeseeeeeeeteeeeteees and were signed on its behalf by:
K Black - Trustee
The notes form part of these financial statements
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1. ACCOUNTING POLICIES
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
## 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.
## 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.
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## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2021
## Zs OTHER TRADING ACTIVITIES
**----- Start of picture text -----**
|||||
|---|---|---|---|
|2021|2020|
|£|£|
|Fundraising|events|374|1,149|
**----- End of picture text -----**
## 3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## 4.
## COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Charitable|activities|
|Charitable|activities|67,108|
|Other|trading|activities|1,149|
|Total|68,257|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|activities|57,762|
|Governance|costs|2,532|
|Total|60,294|
|NET INCOME|7,963|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|6,131|
|TOTAL|FUNDS|CARRIED FORWARD|14,094|
**----- End of picture text -----**
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## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2021
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|5.|TANGIBLE|FIXED|ASSETS|
|Improvements|
|to|Plant|and|
|property|machinery|Totals|
|£|£|£|
|COST|
|At|||September 2020|2,315|2,065|4,380|
|Additions|-|662|662|
|At|31|August 2021|2,315|2,727|5,042|
|DEPRECIATION|
|At|1|September 2020|1,338|1,141|2,479|
|Charge|for|year|244|396|640|
|At|31|August|2021|1,582|1,537|3,119|
|NET|BOOK VALUE|
|At|31|August|2021|733|1,190|1,923|
|At|31|August|2020|977|924|1,901|
|6.|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2021|2020|
|£|£|
|PAYE|8|-|
|Prepayments|98|110|
|106|110|
|7.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2021|2020|
|£|£|
|Other|creditors|664|378|
|8.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1/9/20|in|funds|31/8/21|
|£|£|£|
|Unrestricted|funds|
|General|fund|14,094|(10,408)|3,686|
|TOTAL FUNDS|14,094|(10,408)|3,686|
**----- End of picture text -----**
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## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
## 8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
||Incoming|Incoming|Resources|Movement|
|---|---|---|---|---|
||resources||expended|in funds|
|||£|£|£|
|Unrestricted funds|||||
|General fund|63,975||(74,383)|(10,408)|
|TOTALFUNDS|63,975||(74,383)|(10,408)|
|Comparatives for movement in funds|||||
||||Net||
||||movement|At|
||At|1/9/19|in funds|31/8/20|
|||£|£|£|
|Unrestricted funds|||||
|General fund||6,131|7,963|14,094|
|TOTAL FUNDS||6,131|7,963|14,094|
|Comparative netmovement in funds, included in the above are as follows:|||||
||Incoming||Resources|Movement|
||resources||expended|in funds|
|||£|£|£|
|Unrestricted funds|||||
|General fund|68,257||(60,294)|7,963|
|TOTAL FUNDS|68,257||(60,294)|7,963|
|A currentyear 12 months and prioryear 12 months combined position is as follows:|||||
||||Net||
||||movement|At|
||At|1/9/19|in funds|31/8/21|
|||£|£|£|
|Unrestricted funds|||||
|General fund||6,131|(2,445)|3,686|
|TOTALFUNDS||6,131|(2,445)|3,686|
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## NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2021
## 8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|132,232|(134,677)|(2,445)|
|TOTALFUNDS|132,232|(134,677)|(2,445)|
## 9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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## CRYPT PRE- SCHOOL
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
|FOR THE YEAR ENDED|31 AUGUST 2021||
|---|---|---|
||2021|2020|
||£|£|
|INCOME AND ENDOWMENTS|||
|Other trading activities|||
|Fundraising events|374|1,149|
|Charitable activities|||
|Early years funding|53,772|59,043|
|Registration fees|9,823|8,045|
|Sundry income|6|20|
||63,601|67,108|
|Total incoming resources|63,975|68,257|
|EXPENDITURE|||
|Charitable activities|||
|Wages|57,536|45,758|
|Pensions|539|429|
|Rent|3,300|2,816|
|Insurance|898|989|
|Telephone|780|649|
|Repairs and maintenance|37|110|
|Sundries|1,462|913|
|Milk and food|1,352|1,590|
|Materials and equipment|4,064|1,982|
|Advertising|76|256|
|Stafftraining|394|570|
|Cleaning|914|1,067|
|Improvements to property|244|325|
|Plant and machinery|397|308|
||71,993|57,762|
|Support costs|||
|Governance costs|||
|Accountancy and legal fees|300|310|
|Professional fees|2,090|2,222|
||2,390|2,532|
|Total resources expended|74,383|60,294|
|Net(expenditure)/income|(10,408)|7,963|
This page does not form part of the statutory financial statements
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