2022-03-31-accounts

Charity Name: Penrhyn Pre-School Nursey	Charity Name: Penrhyn Pre-School Nursey	Charity Name: Penrhyn Pre-School Nursey	Charity No (if any)	1032265
Annualaccountsforthe period
Period start date	01/04/2021	To	Period end date	31/03/2022

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 1 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	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
	-	-	-	-	-
	151,038	-	-	151,038	125,223
	-	-	-	-	-
	-	-		-	-
	-	-	-	-	-
	124,809	-	-	124,809	188,236
	275,847	-	-	275,847	313,459
	-	-	-	-	-
	314,481	-	-	314,481	313,791
	-	-	-	-	-
	-	-	-	-	-
	314,481	-	-	314,481	313,791
	38,634 -	-	-	38,634 -	332 -
	-	-	-	-	-
	38,634 -	-	-	38,634 -	332 -
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	38,634 -	-	-	38,634 -	332 -
	-	-	-	-	-
	38,634 -	-	-	38,634 -	332 -

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 B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
		-	-	-	-	-
		69,768	-	-	69,768	75,916
		-	-	-	-	-
		-	-	-	-	-
		69,768	-	-	69,768	75,916
		-	-	-	-	-
		-	-	-	-	2,804
		-	-	-	-	-
		211,908	-	-	211,908	243,375
		211,908	-	-	211,908	246,179
		1,625	-	-	1,625	3,410
		210,283	-	-	210,283	242,769
		280,051	-	-	280,051	318,685
		-	-	-	-	-
		-	-	-	-	-
		280,051	-	-	280,051	318,685
		-			-	-
			-		-	-
		280,051		-	280,051	318,685
					-
		280,051	-	-	280,051	318,685
		Signature		Print Name		Date of approval dd/mm/yyyy
	Sharon	McReady		Sharon McReady		25/01/2023

CC17a (Excel)

30/01/2023

1

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:

An explanation as to those factors that support

the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; 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.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { 2.2 }.

Yes No		* -Tick as appropriate	* -Tick as appropriate
	✓
Please disclose	:
(i) the nature of	the chan	ge in accounting policy;
(ii) the reasons provides more r and	why appl eliable an	ying the new accounting policy d more relevant information;
(iii) the amount in the current p the aggregate a periods before t	of the ad eriod, eac mount of hose pre	justment for each line affected h prior period presented and the adjustment relating to sented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to a	ccounting	estimates have occurred in the reporting period (3.46 FRS 102 SORP).	estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes No		* -Tick as appropriate
	✓
Please disclose	:
(i) the nature of	any chan	ges;
(ii) the effect of assets and liabi	the chan lities for t	ge on income and expense or he current period; and
(iii) where pract more future per	icable, th iods.	e effect of the change in one or

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		* -Tick as appropriate	* -Tick as appropriate
	✓
	:
(i) the nature of	the prior	period error;
(ii) for each prio amount of the c affected; and	r period orrection	presented in the accounts, the for each account line item
(iii) the amount earliest prior pe	of the co riod pres	rrection at the beginning of the ented in the accounts.

CC17a (Excel)

12/12/2022

1

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 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. 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. 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.	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
	✓

2.4 ASSETS £100 Intangible fixed assets Heritage assets 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 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. 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 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. 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. 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.		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
	£100
		✓
		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
		✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Current asset investments	The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash 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. They are valued at fair value except where they qualify as basic financial instruments.	Yes No N/a	Yes No N/a	Yes No N/a
		✓
		Yes No N/a
		✓

Section C Notes to the accounts (cont)

Donations and gifts GiftAid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Fees Other Total Other Total Interestincome Dividendincome Rentalandleasingincome Other Total Total 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 propertyrights Other Total Other information: Note 3 Analysis of income Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Analysis of income Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations and gifts	401	-	-	401	187
	GiftAid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	124,394	-	-	124,394	187,929
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other		-	-	-
	Total	124,795	-	-	124,795	188,116
	Fees	151,038	-	-	151,038	125,223
		-	-	-	-	-
		-	-	-	-	-
	Other	14	-	-	14	121
	Total	151,052	-	-	151,052	125,344
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	Interestincome	-	-	-	-	-
	Dividendincome	-	-	-	-	-
	Rentalandleasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-
	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 propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
		275,847	-	-	275,847	313,460
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)

CC17a (Excel)

12/12/2022

1

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.	Description	This year Last year £ £	This year Last year £ £
	Coronavirus Children's Support Grant	124,394	117,171
	Job Retention Support Grant	-	70,758
		-	-
		-	-
	Total	124,394	187,929

Please give details of other forms of government assistance from which the charity has directly benefited.

CC17a (Excel)

12/12/2022

1

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Expenditure on raising funds: Other Separate material item of expense Expenditure on charitable activities	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Incurred seeking donations	-	-	-	-	-
	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	-	-	-	-	-
		314,481	-	-	314,481	313,791
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total expenditure on charitable activities	314,481	-	-	314,481	313,791
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total other expenditure	-	-	-	-	-

CC17a (Excel)

12/12/2022

1

TOTAL EXPENDITURE

314,481 - - 314,481 313,791

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Total prior year
	£	£	£	£	£
Activity 1 Activity2			314481	314481	313791
Other
Total

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)

12/12/2022

2

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.

Support cost (examples)	Raising funds £	Activity 1 £	Activity 2 £	Activity 3 £	Grand total £	Basis of allocation
						(Describe method)
Governance	-	-		-	-
	-	-		-	-
	-	-		-	-
	-	-		-	-
Other	314,481	-		-	314,481	100%
Total	314,481	-		-	314,481

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)

12/12/2022

1

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).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	4746	4608
	6063

CC17a (Excel)

12/12/2022

1

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 £
	242,032	261,702
	7,824	6,270
	4,296	4,594
	-	-
	254,152	272,566

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 pension costs) for the reporting period of more than £60,000		TRUE
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 key management personnel (includes trustees and senior management) for their services to the charity
	£65,303.00

11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	16	17
Governance	3	3
Other	-	-
Total	19	20

CC17a (Excel)

12/12/2022

1

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 £4,296.00 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

CC17a (Excel)

12/12/2022

1

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

14.1 Cost or valuation	n
Freehold land & buildings Other land & buildings £ £ At the beginning of the year - 117,687 Additions - - Revaluations - - Disposals - - Transfers - - At end of the year - 117,687 Basis* SL or RB SL or RB Rate At beginning of the year - 60,169 Disposals - - Depreciation - 2,301 Impairment - - Transfers - - At end of the year - 62,470 Net book value at the beginning of the year - 57,518 Net book value at the end of the year - 55,217 14.4 Impairment 14.3 Net book value 14.2 Depreciation and impairments Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	-	117,687	-	42,671	160,358
	-	-	-	400	400
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	117,687	-	43,071	160,758
	d impairments
	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
			- 24,274 84,443 - - - - 4,247 6,548 - - - - - - - 28,521 90,991 - 18,397 75,915 - 14,550 69,767
	-	60,169	-	24,274	84,443
	-	-	-	-	-
	-	2,301	-	4,247	6,548
	-	-	-	-	-
	-	-	-	-	-
	-	62,470	-	28,521	90,991
	-	57,518	-	18,397	75,915
	-	55,217	-	14,550	69,767

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	This year £	Last year £
	-	-
	-	-
	0.00	2,804.0
	0.00	2,804.0

Total

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)

Trade debtors Prepayments and accrued income Other debtors Total	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	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	3,410	-	-
	1,625	-	-	-
	1,625	3,410	-	-

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 £
	-	-
	142,154	142,139
	69,754	101,236
	-	-
	211,908	243,375

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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

funds
Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General		Unrestricted	318,685	-	-	-	-38,634	280,051
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
			-	-	-	-	-	-
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			318,685	-	-	-	- 38,634	280,051

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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.

Name of trustee	Legal authority (eg order, governing document)	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
		This year				Last year
		Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
		£	£		£	£
N J Elliott		13362	213			12653

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)		TRUE
Type of expenses reimbursed	This year	Last year
	£	£
Travel
Subsistence
Accommodation
Other (please specify):
TOTAL

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)	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)	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	TRUE
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		Amounts written off during reporting period
			£	£	£		£

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PENRHYN PRE-SCHOOL Financial Statements For the ear ended 31° March 2022 Financial Sla¢¢ment The Trustees present their report and the financial statement for the 12 months to 31 March 2022. Princi le Activi Provides chIld￿e facility for under privileged families. who want flexible childcare facilities at affoTdable price4 enabling them to free their time to look for options, which would help improve their economic circumstances. Reserves Th¢ r¢s¢rves of the nursery were £280,051.00 as at 31° March 2022. Trustees The Trustees are set out on the clwity infornmtion page. Pavments to creditors It AS th¢ Company's poli¢y to pay supplier invoices and training provider's claims within 30 days of the invoice or the claim date. Review of the ear Over the last twelve months th¢ pr¢-school h&s gone from strength to strength due to the excellent hard work of the staff and continued Parknership with Parents resulting in quality Gqre for our childre The last year due to the pandemic h&s very challenging and we aTe now starting to Te-bulld our business. We have Ixen abl¢ to incr¢as¢ th¢ numbcr of children we catL have but staffing issues have slow¢d this down. Fundraisin Issues We ty our best as a Charity to fundraise as much &$ we can but tbis year has found to be difficulL Staff Issues The Penrhyn Pre-school is a strong believer in staff development. In the last twelve months our staff have undertaken additionat training to ¢nhan¢¢ the quality of service. The knowledge gained througb their courses enables us to continue delivering a well-planned and well-balaDced curriculum. We have ￿$0 been involved in training students from colleges within the London Borough of Waltham Forest and

Hackney. We hav¢ attcndcd rcgular training on zoom. We need to recTUit new staff members but at present are finding it really difficult to recruit people in childcare. We are hoping that in the nex¢ tbrough months this will chang¢ for us. Safeguarding lead & deputy have updated their training in line with cU￿ent regulations. Future Develo ments We would like to take this opportunity to thank everyone who has been involv¢d with the pr¢-s¢hool through the years for all their help and support. ualo ortunities- Poli & Practice The Penrh￿ Pre-school is cotnmitted to providing equal opportunities for all children and families. We believ¢ that th¢ Pre-school's activities should be open to all children and all adults committed to their welfare. Admissions We believe that no cl]tlQ individual or family should be excluded from the Pre-school activities on the grounds of age, gender. sexuality, class, family status, disability, colour, ethnic origi[4 religio￿ or belief. The playgroup is open to every family in the community. The Viaiting list is not op¢rat¢d on first come, first serve b&sis, but on a fairer system. Families joining the nursery are made fillly aware of our equal opportunities policy. The Pie-school will appoint the best person for the job and will treat fairly all applicants for the job and all those appointed. Commitment to implementing the group's Equal Opportunities Policy Nvill forni part of the job description for all workers. Fa￿111¢$ The Pre-school recognises that many different types of families successfully love and care for their children. Tbe Pre-school offers a flexible payment system for families with differing means. OD the basis that all involved agree. Festlvals Our aim is to show ￿specffi￿ awareness of all the major events in the lives of the children and families in the pre-sc.hool and in our society as a whole and to welcome the diversity of backgrounds from which they come. Child Protection Polie

The Pre-school staff is in close contsct w'ith th¢ childrcn in their care. They see tbem Tegulatly and play and listen with th¢m. Should they notice radical chatlges in behaviour, worrying n]arks or bruises or have concerns about the welfare of any child they will tske the following steps: The m¢mber of the staff will discuss the concerns with the management committee and keep a record of the situation. The concerns Mll then be discussed with the child's parent. rfthe m¢miKr of ￿aff feels that the matter deserves further investigation then th¢ Waltham Forest Social Services duty officer will be consulted and the parents w-All be infonned of th¢ consultation. Trnstee5 Res onsibilities The Charities Act requires the Tn￿ to prepar¢ financial statements for each financial year, which gives a true and fair view of the state of affaires of the C]￿lty and of the surplus / deficit of the charity for that period. In preparing those fmancial statements, the trustees are required to: _ Select suitable accounting policies and theu apply them consistently. Make judgemeDts and estitnates that are re&sonable and prud¢nL State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in th¢ financial statements. Prepare the financial stateFnents oll the going concern basis unl¢ss it is appropriate to presume that the company will continue in business. The Trustees are responsible for kceping proper accounting Tecords which disclose with reasonabl¢ ￿QUraCY at any time the financial posltion of the Cl]arity and to enable them to ensure that the financial statetnents comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the comp8ny and h¢nc¢ for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Board of Trustees The Trustees of the Charity meets regularly and retain fijll and effective control over the Pre-school. The Board comprises of a majority of widely expeTienced tn￿tees. All trustees have access to the advice and services of th¢ Charity Secrew who is responsible for ensuring that Board procedures and applicable rules aDd regulations are observed. There is an agreed procedure for Trustees to tske independent professional advice if necessary, at the Charity's expense. Internal Control The Trustees have established systems of ¢ff¢¢tive InteTJ]al Control appropriate to their responsibilities in respect of the accounting record5. the safeguarding of assets

and the presentstion and detection of fraud and other itregularities s¢t out in the statement of trustees. responsibilities in relation to the finoncial stat¢ments. There is a comprehensive budgeting system with annual and long-terni plans approved by the trustees. Results are reported monthly and compared with the plan and significant variances explained. Accountants A resolution proposing th¢ appointment of ABVK LTD WAII be put to the annual general meeting of the pre-school. The Board of Trustees approved this report on the 31. of Januw 2023. By the Treasurer ..

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 2022 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 31/03/2022

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: 26/01/2023

Name: Vicky Kong

Relevant professional The Association of Chartered Certified Accountants. qualification(s) or body

IER

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(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