PE.NRHYN PRE-SCHOOL Financial Statements For the ear ended 31 March 2021 Financlal Statement st The Trustees present their report and the fwaucial statement for the 12 months to 31 March 2021. Princi le Activi Provides childcare facility for under privileged families, who want flexible childcare fa¢ilities at affordable prices. enabling the[ to free their lime to look for options, which would help improve their e(Xpnomic circumstances. Reserves The reserves of the Dursery ivere £318.685.00.00 as at 31° March 2021. The Trustees are set out on the clwity iDfornMtion page. ents to creditors It is the company's policy to pay suppIi¢r itivoices aDd training provid¢r's claims within 30 days of the invoice or the ¢laim date. RevReJY of the ear Over the last twelve months the pre-school ha5 gone fmm strength to strength due to the excellent hard work of the staff and continued Partnership witb Parents resulting in quab'ty care for our children. The last year due to the pandemic b&s been very challenging reducing children hours. having to create separatc bubbles where childTell could not mix with cacb other bxause of the layout of the ccntre. The bubbles were a m&ximum of15 children. Extra costs were iD¢urred to buy outdoor sinksy painting social distancing lines, extra cl¢alling mateTials and PPE. We w8ed different entrances to keep bubbles separate. we had cost of instalIing security cameras and locks for tbese entrances. The staff all come together with Parents to make sur¢ the krvice continued for the children to the best of our ability at thi's difficult time. Fundraisin Issues Ive ran a mini marathon with the children and filmed it for the Parents to see. This y¢ar has been very bard due to so¢ial distancing and mixing. We are hoping to do some joint fundraising in the tUre on zoorn with ihe elderly care homes we have been supporting.
Staff Issues The Penrhyn Pre-school is a strong believer in staff developmenL In the last twelve months our stsff have undenaken addItiOt training to eDhance the quality of service. The knowledge gained through their courses enables us to continue delivering a well-pla[Led and well_balanced curriculum. We have also been involved in training students from colleges within the London Borough of Waltham Forest and Hackney. We have attend¢d regular training on zoom and we have also had lots of training around managing COVID as an organisation. 2 members of stsff are curT¢ntly training for level 3. We need to recruit new siaff membeT5 but at present are finding it Teally difficult to re¢rnit people in cbildcare. We are boping that ID the next through months this will change for us. Safeguarding lead & deputy have updated their training in line with current Tegulations. Future Develo ments We would like to take tbis opporttmity to thank everyone who has been involv¢d ivith the pre-school through the years for all their help and support. ual ortunities- Poll¢ & Practice The Penrhyn Pte-scbool is committed Éo providitig equal opportunities for all children and fan)ilies. We believe that the pre-sch(l.s activiti¢s should be open ts) all hildren and all adults ¢onunitted to their welfare. Admissions We believe that no ehiliL individual or family should be excluded fro the Pre-school activities on tbe grouuds of age, gendei, sexuality, class, family status, disability, colour, etl]nic origin. religion or belief. The playgroup is open to every family in the con]munity. The waiting list is not operated on first come, first serve basis. but on a fairer system. Families joining the nursery are nMde fully aware of our equal opportunities policy. ment The Pre-Sch(K)I will appoint the best person for the job and will treat fairly all appb'cants for the job and all those appointed. Comn)itment to implen]enting the group's Equal Opportunities Policy will forni part of the job description for all workers. Famities The Pre-sch1 recognises that many different types of families guccessfully love and caTe for their children. The Pre-school offers a flexible paytnent system for families with differing means, oll the basis that all involved agree.
Festhrals Our alm is to show respectful awareness of all the rnajor events in the lives of the children and families in the pre-scbool and in our society as a whole and to welcome the diversity of ba¢kgrounds from which they come. Child Protection Poli The Pre-school 51aff is in cIose contart with the children in tbeir care. They see them regulaTly and play and listen with them. Should they notice radical ¢hanges in behaviour. Ivorrying marLs or bruises or have concems about the welfare of any child they will take the following steps: The member of the staff will discuss the concerns with the matmgement committee and keep a record of the situation. Th¢ concerns will then be discussed with the child's parent. if the tnember of staff feels that the matter deserv¢s further investigation then the Walthain Forest Social Services duty officer will b¢ consulted and the parents will be informed of th¢ consultation. Trustees Re5 nsibilities The Charities Act requires the Trnstees to prepaTe financial statements for ea¢h fmancial year. which gives a true and fair view of the state of affaires of the clwity and of the 5UTplus / deficit of the charity for that period. In prq)aring those financial statements, the trust$ are required to: _ Select suitable accounting policies and then apply tbem cOlStentIy. Make judgements and estiroates that are reasonable and pdent. State wbether applicable ac¢ouDting standards have been followed. subject to any material departures th"sclosed and explained in the financial statements. Preparc the financial statements on tbe going concern basis unless it is appropriate to prcsume that the cotnpany will conlillue in business. The Trnstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that tbe fmancial statements comply with the Charities Act 2011. They are also responsible for safeguarding the Sets of the company and hence for taking Teasonable steps for the prevention and detection of fraud and other irregularities. Board of Trustees The TTUSte¢s of the Charity meets reglllaTly and retain full and effective control over the Pre-school. The Board cornpri5es of a njority of widely experienced trustees. All trustees have access to the advice and services of the Charity Secretary who is Tesponsible for ensuring that Board procedures and applicable rules aad regulations are observed.
There is an agreed procedure for Trnstees to take independent professional advice if necessary, at the Cl]aTity's expense. Internal Control Tbe Trustees have establisbed systems of effective Jnternal Control appropriate to their responsibiIities in respect of the accouDting records. the saf¢.<vuarding of assets and the Psentation and detection of fraud and other irregularities sel out in the staternent of tnte¢s. responsibilities in r¢lation to Ihe financial statements. There is a comprehensive budgeting system with annual and long-term plans approved by the trnstees. Results are reported monthly and con)pared with th¢ plan and significant i'ariauces explaiDe(i Accountants A Tesolution proposing the appointment of ABVK LTD will be put to the aDnual general meeting of the pre-school. The Board of Trustees approved this report on the 31° of January 2022. By the Treasur¢r ..
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Charity Name: Penrhyn Pre-School Nursey Charity No
(if any) 1032265
Annual accounts for the period
Period end
Period start date 01/04/2020 To date 31/03/2021
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Section A Statement of financial activities
| Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 - - - - - 125,223 - - 125,223 360,400 - - - - - - - - - - - - - - 188,236 - - 188,236 - |
|---|---|
| 313,459 - - 313,459 360,400 |
|
| - - - - - 313,791 - - 313,791 368,480 - - - - - - - - - - |
|
| 313,791 - - 313,791 368,480 |
|
| 332 - - - 332 - 8,080 - |
|
| - - - - - |
|
| 332 - - - 332 - 8,080 - |
|
| - - - - - - - - - - - - - - - - - - - - |
|
| 332 - - - 332 - 8,080 - |
|
| - - - - - |
|
| 332 - - - 332 - 8,080 - |
Reconciliation of funds: Total funds brought forward Total funds carried forward 1
Section B Balance sheet
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
Guidance Notes Unrestricted funds Restricted income funds £ £ F01 F02 B01 - - B02 75,916 - B03 - - B04 - - B05 75,916 - B06 - - B07 2,804 - B08 - - B09 243,375 - B10 246,179 - B11 3,410 - B12 242,769 - B13 318,685 - B14 - - B15 - - B16 318,685 - B17 - B18 - B19 318,685 B20 B21 318,685 - Signature S McReady |
Unrestricted funds £ F01 - 75,916 - - |
Restricted income funds £ F02 - - - - |
Endowment funds Total this year £ £ F03 F04 - - - 75,916 - - - - |
Total last year £ F05 |
|---|---|---|---|---|---|
| - 81,060 - - |
|||||
| 75,916 | - | - 75,916 |
81,060 | ||
| - 2,804 - 243,375 |
- - - - |
- - - 2,804 - - - 243,375 |
|||
| - 1,140 - 237,340 |
|||||
| 246,179 | - | - 246,179 |
238,480 | ||
| 523 | |||||
| 3,410 | - | - 3,410 | |||
| 242,769 | - | - 242,769 |
237,957 | ||
| 318,685 | - | - 318,685 |
319,017 | ||
| - - |
|||||
| - - |
- - |
- - - - |
|||
| 318,685 | - | - 318,685 |
319,017 | ||
| - 318,685 |
- | - - - 318,685 - |
|||
| - - 319,017 |
|||||
| 318,685 | - | - 318,685 | 319,017 | ||
| Sharon McReady Print Name |
Date of approval dd/mm/yyyy 31/01/2022 |
CC17a (Excel)
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* * -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
| Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. Disclosure of any uncertainties that make the going concern assumption doubtful; An explanation as to those factors that support the conclusion that the charity is a going concern; |
There are no uncertainties The Charity has adequate financial resources to enable it to trade. |
|---|---|
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1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.
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1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
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1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
| Yes No Please disclose (i) the nature of (ii) for each prio amount of the c affected; and (iii) the amount earliest prior pe |
| * -Tick as appropriate |
|---|---|---|
| : the prior r period orrection of the co riod pres |
period error; presented in the accounts, the for each account line item rrection at the beginning of the ented in the accounts. |
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Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
| 2.4 ASSETS Intangible fixed assets Heritage assets Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
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The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
equivalents with a maturity date less than one year. These include cash on deposit and cash
Current asset investments
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
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Section C Notes to the accounts (cont)
Note 3 Analysis of income
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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 187 - - 187 -
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities 187,929 - - 187,929 -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 188,116 - - 188,116 -
Charitable Fees
activities: 125,223 - - 125,223 359,977
- - - - -
- - - - -
Other 121 - - 121 423
Total 125,344 - - 125,344 360,400
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 313,460 - - 313,460 360,400
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
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CC17a (Excel)
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Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Other Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other forms of government assistance from which the charity has directly benefited. |
Job Retention Support Grant Coronavirus Children's Support Grant Total Description |
This year Last year £ £ 70,758 - 117,171 - - - - - |
|---|---|---|
| 187,929 - |
||
CC17a (Excel)
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Section C Notes to the accounts (cont)
Note 6 Analysis of expenditure
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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - - -
raising funds: Incurred seeking legacies
- - - - -
Incurred seeking grants
Operating membership schemes and
social lotteries
Staging fundraising events
Fudraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity
Advertising, marketing, direct mail and
publicity - - - - -
Start up costs incurred in generating
new source of future income
- - - - -
Database development costs - - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - - - - -
- - - - -
Total expenditure on raising funds - - - - -
Expenditure on 313,791 - - 313,791 368,480
charitable
activities - - - - -
- - - - -
- - - - -
Total expenditure on charitable
313,791
activities - - 313,791 368,480
Separate material - - - - -
item of expense
- - - - -
- - - - -
- - - - -
Total - - - - -
Other
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - - -
TOTAL EXPENDITURE 313,791 - - 313,791 368,480
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CC17a (Excel)
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Other information:
Analysis of expenditure on charitable activities
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Grant
Activity or funding Support Total this Total
Activities undertaken directly
programme of Costs year prior year
activities
£ £ £ £ £
Activity 1 Overhead expenses 313791 313791 368480
Activity 2
Other
Total
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Prior year expenditure on charitable activities can be analysed as follows:
Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)
CC17a (Excel)
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Section C Notes to the accounts
Note 9 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
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Basis of
Raising funds Activity 1 Activity 2 Activity 3 Grand total allocation
Support cost (Describe
(examples) £ £ £ £ £ method)
- - - -
Governance
- - - -
- - - -
- - - -
313,791 - - 313,791
Other
100%
313,791 - - 313,791
Total
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Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.
CC17a (Excel)
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Section C Notes to the accounts
Note 10 Details of certain items of expenditure
10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
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This year Last year
£ £
4608 4608
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Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner
CC17a (Excel)
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Section C Notes to the accounts (cont)
Note 11 Paid employees Please complete this note if the charity has any employees.
11.1 Staff Costs
Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits
| Total staff costs | This year Last year £ £ 261,702 296,580 6,270 15,883 4,594 5,173 - - |
|---|---|
| 272,566 317,636 |
Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
| please enter 'true' in the box provided. | please enter 'true' in the box provided. | |||
|---|---|---|---|---|
| No employees received employee benefits (excluding employer | TRUE | |||
| pension costs) for the reporting period of more than £60,000 | ||||
| Band | Number of employees | |||
| £60,000 to £69,999 | ||||
| £70,000 to £79,999 | ||||
| £80,000 to £89,999 | ||||
| £90,000 to £99,999 | ||||
| £100,000 to £109,999 | ||||
| Please provide the total amount paid to | £73,551 | |||
| key management personnel (includes | ||||
| trustees and senior management) for | ||||
| their services to the charity |
11.2 Average head count in the year
The parts of the charity in which the employees work
| Fundraising Charitable Activities Governance Other Total |
This year Last year Number Number - - 17 20 3 3 - - |
|---|---|
| 20 23 |
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Section C Notes to the accounts (cont)
Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.
12.1 Please complete this note if a defined contribution pension scheme is operated.
Amount of contributions recognised in £4,594 the SOFA as an expense Please explain the basis for allocating The cost is provided in the period the liability is incurred against the liability and expense of defined unrestricted funds. contribution pension scheme between activities and between restricted and unrestricted funds.
12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.
Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity
12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan
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Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
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Freehold land Other land & Plant, Fixtures, Total
& buildings buildings machinery and fittings and
motor equipment
vehicles
£ £ £ £ £
At the beginning of - 117,687 - 41,096 158,783
the year
Additions - - - 1,575 1,575
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - 117,687 - 42,671 160,358
14.2 Depreciation and impairments
Basis SL or RB SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
Rate
At beginning of the - 57,771 - 19,951 77,722
year
Disposals - - - - -
Depreciation - 2,397 - 4,323 6,720
Impairment - - - - -
Transfers - - - - -
At end of the year - 60,168 - 24,274 84,442
14.3 Net book value
Net book value at the - 59,916 - 21,145 81,061
beginning of the year
Net book value at the - 57,519 - 18,397 75,916
end of the year
14.4 Impairment
Please provide a description of the events and
circumstances that led to the recognition or
reversal of an impairment loss.
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14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. 14.6 Other disclosures (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight
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Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Please complete this note if the charity has any debtors or prepayments. Note 19 Debtors and prepayments |
|
|---|---|
| 19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total |
This year Last year £ £ - - - - 2,804.0 1,140.0 |
| 2,804.0 1,140.0 |
Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.
19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)
| Prepayments and accrued income Other debtors Total Trade debtors |
This year Last year £ £ - - - - - - - - |
|---|---|
| - - |
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Section C Notes to the accounts (cont)
Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
| Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total |
This year Last year This year Last year £ £ £ £ - - - - - - - - - - - - - - - - - - 3,410 - - - 523 - - Amounts falling due within one year Amounts falling due after more than one year |
|---|---|
| 3,410 523 - - |
20.2 Deferred income
Please complete this note if the charity has deferred income.
Please explain the reasons why income is deferred.
| Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period |
This year Last year £ £ - - - - - - |
|---|---|
| - - |
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Section C Notes to the accounts (cont)
Note 24 Cash at bank and in hand
| Note 24 Cash at bank and in hand | |
|---|---|
| Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits |
This year Last year £ £ - - 142,139 142,019 101,236 95,321 - - |
| 243,375 237,340 |
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Section C Notes to the accounts (cont)
Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.
* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General Unrestricted 319,017 - - - - 332 318,685
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 319,017 - - - - 332 318,685
----- End of picture text -----*
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Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
FALSE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| N J Elliott Name of trustee Legal authority (eg order, governing document) |
Last year Remuneration Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ 12465 188 11817 This year Amounts paid or benefit value |
|---|---|
Please give details of why remuneration or other employment benefits were paid.
employment remuneration
Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
| No trustee expenses have been incurred (True or False) Type of expenses reimbursed Subsistence Travel £ This year TOTAL Accommodation Other (please specify): |
Last year TRUE £ |
|---|---|
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.
There have been no related party transactions in the reporting period (True or False)
| There have been no related party transactions in the reporting | period (True | or False) | TRUE | ||||||
| Amounts | |||||||||
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision for bad debts at period end |
written off during reporting |
|||
| period | |||||||||
| £ | £ | £ | £ | ||||||
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Penrhyn Pre School Nursery members of
On accounts for the year 31 March 2021 ended Set out on pages SOFA, Balance Sheet, Notes 1 to 28
Charity no 1032265 (if any)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021
Responsibilties and basis As the charity's trustees, you are responsible for the preparation of the of report 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
Signed:
Date: 31/01/2022
Name: Vicky Kong
Relevant professional The Association of Chartered Certified Accountants. qualification(s) or body
IER
1
(if any):
Address: ABVK LTD, M25 Business Centre, Ability House, 121 Brooker Road, Waltham Abbey, EN9 1JH
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and
guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
IER
2