PENRHYN PRE.SCHOOL
Financial Statements
For the
ear ended 31 March 2023
st
Financial Stalemenl
The Trustees present their rert and the fu]ancial statement for the 12 n]onths to 31
March 2023.
Princi
le Aetivi
Provides childcare facility for under privileged families. who want flexiblc childcare
facilLties at affordable prices, ¢nabling them to free their time to look for Options.
which would help improve their economic circUllces.
Reserv
The reserve5 of the nursery were £237.070.(K) as of 31 March 2023.
Tnte¢S
The TnLStees are set out on the chlty inforniation page.
ent$ to crltOrS
It is the comp2ny's policy to pay supplier invoi¢¢s and training provider's claims
within 30 ddys of the invoice or the claim dat¢.
Review of the ear
The l&st year has proved to be challenging year with staff shortages. This has affected
our chitd intake and put extra pressure on our existing staff w.ho are dedicated to
keeping up th¢ quality Childcare that we are proud of.
We have continued to advertise for staff and have used agency workeTS on numerous
occasions.
The rising cost of utiliti¢s ¢tc is also proving to be challenging. This has caused us to
Tethink some of our working pract1ce5 to ty and save on these extra costs.
Fundraisin
Issues
We have a pennanent tabletop sale at the front of the building with donated items.
Fundraising projects hav¢ b¢¢n limited due to staff shortages. We plmn for more in the
following year.
Staff Issues
The Penrhyn Childcare has always been a strong believer in staff development. In the
last 12 months we have pmvtded in house staff training to enlwi¢¢ the quality of our
service. As well as safeguarding and Makaton courses provided by l.ondon borough
of Waltham Forest. We hired agency to pn)vide a food hygiene certificated cours¢ for
I day for all staff. We will ¢ontinue to keep all staff iDforn]ed of upcoming training
throughout the year ond ¢nwurdge attendance to suit their needs as well &s our oThTr.
We hop¢ that recruitment of staff will not be an issue this coming year, then we will
be able to provide more childcare places. All staff are updated regularly on
safeguarding in line with current regulations.
Future Develo
Rnents
W¢ would like to tsk¢ this opportunity to tbank everyone who has been involved with
th¢ pre-school through the ytraTS for all th¢ir help and supporL
ualo
ortunities - Poli & Practice
The Penrhyn Prc-school is committed to providing equal opporLunities for all childTen
and families. We believe that the Pre-Sch(K)I's activities should be on lo all
children and all adults committed to their welfare.
AdmisSlOll$
We believe that no chil(L individual or family should be excluded from the Pre-school
activities on th¢ grounds of age, gender, sexuality. class. family Stat disability,
colour. etllnic Origi Teligion or b¢li¢f. The playgroup is open to every family in the
cornmunity. The waiting list is not operated on rst com¢, first serve basis. but on a
fairer system. Families joining the nuTsery are made fully aware of our equal
OPFK)rtuntties policy.
The Pre-school will appoint the best person for the job and will treat fairly all
appliGgJ]ts for the job and all those apwinted. Cornmitmenl lo implernenting the
group's Equal Opportunities Policy will fonn part of the job description for all
workers.
Families
The Pre-school recognises that many diff¢rent types of families successmY love and
care for their children. The Pre-school offer5 a flexible paym¢nt system for families
with differing means. on the basis that au involved agree.
Festivals
Our aim is to show r¢sp¢¢tfill awareness of all the major events in the lives of the
children and families in the pre-school and in our society as a whole and to welcom¢
the diversity of backgrounds from which they come.
Cbild Protection Poli
Th¢ Pr¢-S¢hool staff is in cloK ¢onWt with th¢ ¢hildr¢n in theÉr care. They see them
regularly and play and listen with them. Should they notice radical changes in
behaviour, worrying marks or bruises or have concen]s about the welfare of any child
they will take the following steps-
The member of the stattwtll discuss the concern5 with the management committee
and kecp a record of thc situatKon. The concerns will then be discussed with the
child's parent, if the member of sthff feels thal the matter deserves further
investigation then the Waltham Forest Social Services duty officer will be collsulte(I
and th¢ par¢nts will k inforni¢d of th¢ consultatiOJL
Trnstees Res
onsibilities
The Charities Act requires the Trustees to prepare financial statements for each
financial year, which gives a true and fair view of the state of affaires of the charity
and of the SUTplus I deficit of the ckwity for that period. In preparing those fll)ancial
statements, the trustees are required to: _
S¢l¢ct suitable ac¢oullting policies and then apply them consist¢ntly.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards have been folloth'ed, subject to
any material departures disclosed and explained in the financial statements.
Prcparc the fmancial statcments on the going concern basis unless it is
appropriate to presume that the company will continue in bu5itLess.
The Trustees arc responsible for keeping proper accounting Tecords which disclose
with reasonable accuracy at any time the financial position of tlle Charity and to
ll¢ible them to eusure that the financial statemeots comply with the Charities Act
2011.
They are also responsible for safeguarding the &ssets of the company and hence for
taking reOnable steps for the prevention and detection of fraud and other
irregularities.
Board of Trustees
The Trustees of the Cl)arity m¢¢ts regularly and r¢tsin full and efftIVe control over
the Pre-school.
The Board comprises of a majority of widely experienced truste¢s. All trustees hav¢
access to the advice and services of the Clwity Secretary who is responsible for
ensuring that Board procedures and applicable rules and regulations are observed.
There is an agreed procedure for Trstees to take independent professional advice, if
necessary. at the Charity's expense.
Internal Control
Th¢ Trustees have established systems of effective Internal Control appropriat¢ to
their responsibilities in respect of th¢ accounting records. the safeguarding of ass¢ts
and the presentation and detection of fraud and other iwlariti¢s set out in the
stateMt of trustees, respottsibilities in relation to the financial statements.
There is a compreh¢nsiv¢ budgeting system with annual and long-t¢rn) plans
approved by the trte¢s. Results reported monthly and compared the plan
and significant variances explained.
Accountants
A resolution proposing the appointment of ABVK LTD wtll be put to the annual
general m¢¢ting of the pre-school.
The Board of Tntrs approved this r¢port on the 2OrDeceMber 2023.
BytheTre&surer.....................
||Charity No
(if any)
1032265
Period start date
**01/04/2022**
**To**
Period end
date
**31/03/2023**
Penrhyn Pre-School Nursery
Annual accounts for the period|
|---|---|
|**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
-
-
-
-
-
282,165
-
-
282,165
275,432
-
-
-
-
-
-
-
-
-
-
-
-
-
-
360
-
-
360
415|
|---|---|
||282,525
-
-
282,525
275,847|
||-
-
-
-
-
325,506
-
-
325,506
314,481
-
-
-
-
-
-
-
-
-
-|
||325,506
-
-
325,506
314,481|
|||
||42,981
-
-
-
42,981
-
38,634
-|
||-
-
-
-
-|
||42,981
-
-
-
42,981
-
38,634
-|
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||42,981
-
-
-
42,981
-
38,634
-|
||-
-
-
-
-|
||42,981
-
-
-
42,981
-
38,634
-|
|||
## **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
-
63,404
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
63,404
-
-
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||-
69,768
-
-|
|||63,404|-|-
63,404|69,768|
|||-
180,357
-
-|-
-
-
-|-
-
- 180,357
-
-
-
-||
||||||-
-
-
211,908|
|||180,357|-|-
180,357|211,908|
||||||1,625|
|||6,691|-|- 6,691||
|||||||
|||173,666|-|-
173,666|210,283|
|||||||
|||237,070|-|**-**
237,070|280,051|
||||||-|
|||-|-
-|- -
-
-||
|||||||
|||237,070|-|-
237,070|280,051|
|||-
237,070|-|-
-
- 237,070
-||
||||||-
-
280,051|
|||237,070|-|- 237,070|280,051|
|||Signature
Sharon McReady||Sharon McReady
Print Name|Date of
approval
dd/mm/yyyy
20/12/2023|
CC17a (Excel)
18/01/2024
**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 preparing their accounts in
- • and with* 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* * -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.**_
## **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.**_
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* * -Tick as appropriate No*
_**Please disclose:**_
_**(i) the nature of the prior period error;**_
_**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_
**----- Start of picture text -----**
(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.
**----- End of picture text -----**
CC17a (Excel)
24/11/2023
**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**
**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.
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.
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.
**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.
**Investment gains and**
**losses**|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
|
|---|---|
## **2.3 EXPENDITURE AND LIABILITIES**
|**2.3 EXPENDITURE**|**AND LIABILITIES**||||||
|---|---|---|---|---|---|---|
|**Liability recognition**|Liabilities are recognised where it is more likely than not that there is a legal or|||Yes|No|N/a|
||constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.||||||
|**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.|||Yes
|No|N/a|
||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.|||Yes
|No|N/a|
|**Grants with performance**
**conditions**
**Grants payable without**
**performance conditions**
**Redundancy cost**
**Deferred income**|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.
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 made no redundancy payments during the reporting period.
No material item of deferred income has been included in the accounts.|||Yes
Yes
Yes
Yes
|No
No
No
No|N/a
N/a
N/a
N/a|
|**Creditors**
**Provisions for liabilities**|The charity has creditors which are measured at settlement amounts less any trade
discounts
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|||Yes
Yes
|No
No|N/a
N/a|
|**2.4 ASSETS**
**Tangible fixed assets for**
**use by charity**
**Basic financial**
**instruments**|They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
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.||£100|Yes
Yes
|No
No|N/a
N/a|
|**Intangible fixed assets**|The charity has intangible fixed assets, that is, non-monetary assets that do not have
The depreciation rates and methods used are disclosed in note 9.2.|||Yes|No|N/a|
||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||||||
|||||Yes|No|N/a|
||They are valued at cost.||||||
|**Heritage assets**|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.|||Yes
|No|N/a|
|||||Yes|No|N/a|
||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|||Yes|No|N/a|
||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|||Yes
|No|N/a|
|**Stocks and work in**|Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net|||Yes|No|N/a|
|**progress**|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.|||Yes
|No|N/a|
|||||Yes|No|N/a|
||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|
|**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.|||Yes
|No|N/a|
|||||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**
**----- Start of picture text -----**
Section C Notes to the accounts (cont)
Note 3 Analysis of income
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts
50 - - 50 401
and legacies:
Gift Aid - - - - -
Legacies
- - - - -
General grants provided by government/other charities
- - - -
Membership subscriptions and sponsorships which are in substance
donations - - - -
Donated goods, facilities and services
- - - - -
Other - - - -
Total 50 - -
50 401
Charitable
activities: 282,165 - - 282,165 275,432
- - - - -
- - - - -
Other
310 - - 310 14
Total - -
282,475 282,475 275,446
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 282,525 - - 282,525 275,847
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)
**----- End of picture text -----**
CC17a (Excel)
24/11/2023
**Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
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 325,506 - - 325,506 314,481
charitable
activities - - - - -
- - - - -
- - - - -
Total expenditure on charitable
325,506
activities - - 325,506 314,481
Separate material - - - - -
item of expense - - - - -
- - - - -
- - - - -
Total - - - - -
Other
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - - -
TOTAL EXPENDITURE 325,506 - - 325,506 314,481
**----- End of picture text -----**
CC17a (Excel)
24/11/2023
## **Other information:**
## **Analysis of expenditure on charitable activities**
**----- Start of picture text -----**
Grant
Activity or funding Support Total this Total
Activities undertaken directly
programme of Costs year prior year
activities
£ £ £ £ £
Activity 1 325506 325506 314481
Activity 2
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)
**----- End of picture text -----**
CC17a (Excel)
24/11/2023
## **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.**_
**----- Start of picture text -----**
Basis of
Raising funds Activity 1 Activity 2 Activity 3 Grand total allocation
Support cost (Describe
(examples) £ £ £ £ £ method)
- - - -
Governance
- - - -
- - - -
- - - -
325,506 - - 325,506
Other
100%
325,506 - - 325,506
Total
**----- End of picture text -----**
_**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)
24/11/2023
## **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
4746
480
6063|
|---|---|
CC17a (Excel)
18/01/2024
**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**
|**11.1 Staff Costs**|||||
|---|---|---|---|---|
|||**This year**||**Last year**|
|||**£**||**£**|
|**Salaries and wages**|||246,007|242,032|
|**Social security costs**|||10,245|7,824|
|**Pension costs (defined contribution scheme)**|||4,400|4,296|
|**Other employee benefits**|||-|-|
||**Total staff costs**||260,652|254,152|
**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.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
**TRUE**
|**£70,000 to £79,999**
**Band**
**£90,000 to £99,999**
**£100,000 to £109,999**
**£60,000 to £69,999**
**£80,000 to £89,999**
**Please provide the total amount paid to**
**key management personnel (includes**
**trustees and senior management) for**
**their services to the charity**|**Number of employees**
£74,162.00|
|---|---|
## **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**
- -
14 16
3 3
- -|
|---|---|
||17 19|
CC17a (Excel)
24/11/2023
## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
**Please explain the nature of the payment**
**Please state the legal authority or reason for making the payment**
**Please state the amount of the payment (or value of any waiver of a right to an asset)**
## **11.4 Redundancy payments**
_**Please complete if any redundancy or termination payment is made in the period.**_
**Total amount of payment**
**The nature of the payment (cash, asset etc.)**
**The extent of redundancy funding at the balance sheet date**
**Please state the accounting policy for any redundancy or termination payments**
CC17a (Excel)
24/11/2023
**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 £4,400.00 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)
24/11/2023
## **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**
**----- Start of picture text -----**
Freehold land Other land & Plant, Fixtures, fittings Total
& buildings buildings machinery and and equipment
motor vehicles
£ £ £ £ £
At the beginning of the year - 117,687 - 43,071 160,758
Additions - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - 117,687 - 43,071 160,758
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 year - 62,469 - 28,521 90,990
Disposals - - - - -
Depreciation - 2,209 - 4,155 6,364
Impairment - - - - -
Transfers* - - - - -
At end of the year - 64,678 - 32,676 97,354
14.3 Net book value
Net book value at the beginning of the year - 55,218 - 14,550 69,768
Net book value at the end of the year - 53,009 - 10,395 63,404
14.4 Impairment
Please provide a description of the events and circumstances that led to the recognition
or reversal of an impairment loss.
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.
**----- End of picture text -----**
- _The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please_
CC17a (Excel)
24/11/2023
## **Section C Notes to the accounts (cont)**
**Note 19 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_
## **19.1 Analysis of debtors**
**Trade debtors Prepayments and accrued income Other debtors**
**----- Start of picture text -----**
This year Last year
£ £
- -
- -
180,357.0 -
180,357.0 -
**----- End of picture text -----**
**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**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -
|
CC17a (Excel)
18/01/2024
1
**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**
|**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**
**£**
**£**
**£**
**£**
- - - -
- - - -
- - - -
- - - -
- - - -
6,691 - - -
- 1,625 - -
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**|
||6,691
1,625
- -|
## **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**
**£**
**£**
- -
- -
- -|
|---|---|
||- -|
CC17a (Excel)
18/01/2024
## **Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
**22.1 Please provide information about the** _The Charity is in the process of transfering its assets to_ **significance of financial instruments (eg. debtors,** _a company limited by guarnatee. The debtors of_ **creditors, investments etc) to the charity's financial** _£180,357.00 represent funds held on its behalf by_ **position or performance, for example, the terms and** _Penrhyan Child Care Limited a registered charity. The_ **conditions of loans or the use of hedging to manage** _formal transfer has been postponed for regulatory_ **financial risk.** _clarification._
**22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.**
CC17a (Excel)
18/01/2024
1
## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
**----- Start of picture text -----**
This year Last year
£ £
Short term cash investments (less than 3 months maturity date) - -
Short term deposits - 142,154
Cash at bank and on hand - 69,754
Other - -
Total - 211,908
**----- End of picture text -----**
CC17a (Excel)
18/01/2024
## **Section C Notes to the accounts (cont)**
## **Note 26 Events after the end of the reporting period**
_**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_
|**Please provide details of the nature of the event**
**Provide an estimate of the financial effect of the**
**event or a statement that such an estimate cannot be**
**made**|During the year the assets of the Charity were
transferred to Penrhyn Child Care Ltd a company
Limited by guarantee and a registered charity.
The formal transfer was postponed by the
trustees for regulatory clarification.
The assets and liabilities will be transferred and
the Charity will cease to trade should
the formal transfer proceed.|
|---|---|
CC17a (Excel)
18/01/2024
1
**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 U Unrestricted 280,051 - - - - 42,981 237,070
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 280,051 - - - - 42,981 237,070
**----- End of picture text -----**
CC17a (Excel)
18/01/2024
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS 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 U Unrestricted 318,685 - - - - 38,634 280,051
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 318,685 - - - - 38,634 280,051
**----- End of picture text -----**
CC17a (Excel)
18/01/2024
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS 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 U Unrestricted 318,685 - - - - 38,634 280,051
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 318,685 - - - - 38,634 280,051
**----- End of picture text -----**
CC17a (Excel)
18/01/2024
**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)**
**----- Start of picture text -----**
TRUE
**----- End of picture text -----**
_**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.**_
**----- Start of picture text -----**
Amounts paid or benefit value
This year Last year
Legal authority (eg Remuneration Pension Redundancy Other TOTAL
Name of trustee order, governing contribution (including
document) loss of
office)/ex
gratia
£ £ £ £
**----- End of picture text -----**
_**Please give details of why remuneration or other employment benefits were paid.**_
_**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".**_
|**Accommodation**
**Other (please specify):**
**Travel**
**TOTAL**
**No trustee expenses have been incurred (True or False)**
**Type of expenses reimbursed**
**Subsistence**|**£**
**This year**
|**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**|**There have been no related party transactions in the reporting**|**There have been no related party transactions in the reporting**|**There have been no related party transactions in the reporting**|**period (True**|**or False)**|**or False)**|||**_TRUE_**|**_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**|
|||||**£**||**£**|**£**||||**£**|
|||||||||||||
|||||||||||||
CC17a (Excel)
18/01/2024
1
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.**_
CC17a (Excel)
18/01/2024
2
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/ members of**
Penrhyn Pre School Nursery
**On accounts for the year** 31 March 2023 **ended**
**Charity no** 1032265 **(if any)**
**Set out on pages** SOFA, Balance Sheet, Notes 1 to 28
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023
**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:** 27/11/2023
**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