REGISTERED CHARITY NUMBER: 1032082
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
St Andrew's pre-school
Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR
St Andrew's pre-school
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
St Andrew's pre-school
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
- We are a community pre-school and we are allowed to cater within the ratio of the same rooms allocated for the
use of the pre-school.
-
We operate in the morning and part afternoon between 8.00am-6.00pm term time only.
-
We receive 15 hours funding for some two year olds and 15/30 hours funding for 3-5 year olds.
-
We also rely on fund raising activities. We operate under the Pre-School Learning Alliance Guidelines
and are insured by them.
This child care service adheres to the Ofsted Early Years Foundation Stage Framework , Policies and Procedures.
This community pre-school supports parents/carers who wish to go back to work and need affordable child care which is also subsidised by the Government.
Public benefit
Trustees/committee members regard the Charity Commissions guidance on public benefit at our meetings. The focus of our activities remains for the care of young children under the guidelines and registration under the Pre-School Learning Alliance and Ofsted.
We cater for children aged between 18 months - 5 years in compliance with the Early Years Foundation Stage Curriculum with regards to welfare, safeguarding, policies and procedure requirements while maintaining close partnerships with parents/carers.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
-
We advertise widely and continue to gain more attention.
-
We have more two year olds joining us.
-
We have had a 'Good' judgement in November 2017 by Ofsted in respect of the service we provide for children.
Fundraising activities
We had a fund raising day, sponsored work, we continue to do regular cake sales, and held fancy dress parties to support our fund raising activities
Page 1
St Andrew's pre-school
Report of the Trustees
for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
We will use excess reserve to replenish resources, equipment and take the children out on trips
Funds in deficit
None
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Constitution adopted 2013
Additional governance issues
We work closely with the Pre-School Learning Alliance and our insurance cover is with them. We adhere to all their policies and procedures and likewise all who are affiliated with the pre-school. We have implemented all the requirements of the GDPR in compliance with the 1998 Act.
Charity constitution
Trust
Recruitment and appointment of new trustees
Elected by parents/carers of the pre-school annually.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1032082
Principal address
St Anndrew's Church Lynford Garden's Edgware HA8 8TZ
Trustees
N Thakur Manager J Grace Treasurer L Porter Chair person C Taylor Secretary R Boulton Chair person
Page 2
St Andrew's pre-school
Report of the Trustees for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Philip Thurairajah Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................. R Boulton - Trustee
Page 3
Independent Examiner's Report to the Trustees of St Andrew's pre-school
Independent examiner's report to the trustees of St Andrew's pre-school
I report to the charity trustees on my examination of the accounts of St Andrew's pre-school (the Trust) for the year ended 31 December 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Philip Thurairajah
Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR
Date: .............................................
Page 4
St Andrew's pre-school
Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 103,427 Other trading activities 2 22,395 Investment income 3 297 Total 126,119 EXPENDITURE ON Raising funds 4 109,805 Other 516 Total 110,321 NET INCOME/(EXPENDITURE) 15,798 RECONCILIATION OF FUNDS Total funds brought forward 34,676 TOTAL FUNDS CARRIED FORWARD 50,474 |
31.12.21 Total funds £ 69,463 24,290 1,875 95,628 95,421 389 95,810 (182) 34,858 34,676 |
|---|---|
The notes form part of these financial statements
Page 5
St Andrew's pre-school
Balance Sheet 31 December 2022
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 7 | 16,776 | 6,923 |
| Cash at bank and in hand | 36,518 | 29,165 | |
| 53,294 | 36,088 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (2,820) | (1,412) |
| NET CURRENT ASSETS | 50,474 | 34,676 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 50,474 | 34,676 | |
| NET ASSETS | 50,474 | 34,676 | |
| FUNDS | 9 | ||
| Unrestricted funds | 50,474 | 34,676 | |
| TOTAL FUNDS | 50,474 | 34,676 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. R Boulton - Trustee
The notes form part of these financial statements
Page 6
St Andrew's pre-school
Notes to the Financial Statements for the Year Ended 31 December 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.
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.
continued...
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St Andrew's pre-school
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
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.
2. OTHER TRADING ACTIVITIES
| Fees 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Support costs Investment management costs Interest payable and similar charges Aggregate amounts |
31.12.22 £ 22,395 31.12.22 £ 297 31.12.22 £ 107,286 31.12.22 £ 330 109,805 |
31.12.21 £ 24,290 31.12.21 £ 1,875 31.12.21 £ 95,421 |
|---|---|---|
| 31.12.21 £ - 95,421 |
continued...
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St Andrew's pre-school
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricte | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 69,463 |
| Other trading activities | 24,290 |
| Investment income | 1,875 |
| Total | 95,628 |
| EXPENDITURE ON | |
| Raising funds | 95,421 |
| Other | 389 |
| Total | 95,810 |
| NET INCOME/(EXPENDITURE) | (182) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 34,858 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 34,676 |
continued...
Page 9
St Andrew's pre-school
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 9. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 34,676 TOTAL FUNDS 34,676 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 126,119 TOTAL FUNDS 126,119 |
31.12.22 31.12.21 £ £ 16,776 6,923 31.12.22 31.12.21 £ £ 2,820 1,412 Net movement At in funds 31.12.22 £ £ 15,798 50,474 15,798 50,474 Resources Movement expended in funds £ £ (110,321) 15,798 (110,321) 15,798 |
|---|---|
continued...
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St Andrew's pre-school
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 34,858 | (182) | 34,676 |
| TOTAL FUNDS | 34,858 | (182) | 34,676 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 95,628 | (95,810) | (182) |
| TOTAL FUNDS | 95,628 | (95,810) | (182) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 34,858 | 15,616 | 50,474 |
| TOTAL FUNDS | 34,858 | 15,616 | 50,474 |
continued...
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St Andrew's pre-school
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. 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:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 221,747 221,747 |
Resources Movement expended in funds £ £ (206,131) 15,616 (206,131) 15,616 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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St Andrew's pre-school
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants | 103,427 | 69,463 |
| Other trading activities | ||
| Fees | 22,395 | 24,290 |
| Investment income | ||
| Deposit account interest | 297 | 1,875 |
| Total incoming resources | 126,119 | 95,628 |
| EXPENDITURE | ||
| Investment management costs | ||
| Interest payable | 330 | - |
| Other | ||
| Staff Training | 516 | 389 |
| Support costs | ||
| Management | ||
| Wages | 74,336 | 68,036 |
| Social security | 1,259 | 1,079 |
| Pensions | 1,553 | 1,394 |
| Rents | 21,660 | 18,240 |
| Other resources expended | 2,189 | 1,299 |
| Insurance | 86 | 846 |
| Telephone | 640 | 640 |
| Postage and stationery | 3,413 | 1,221 |
| Travel and Accommodation | 532 | - |
| Subscriptions | 2,313 | 1,526 |
| Carried forward | 107,981 | 94,281 |
This page does not form part of the statutory financial statements
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St Andrew's pre-school
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Management | ||
| Brought forward | 107,981 | 94,281 |
| Cleaning | 22 | - |
| 108,003 | 94,281 | |
| Information technology | ||
| Repairs and renewals | 367 | 35 |
| Other 3 | ||
| Sundries | - | 25 |
| Governance costs | ||
| Accountancy fees | 1,105 | 1,080 |
| Total resources expended | 110,321 | 95,810 |
| Net income/(expenditure) | 15,798 | (182) |
This page does not form part of the statutory financial statements
Page 14