## Trustees’ report 10[th] November 2020 The academic year 2019-2020 has been eventful due in large part to COVID. We were closed from March – June 2020 due to the pandemic and slowly regained more normality. Expenditure was increased partly due to PPE purchasing whilst income had fallen due to closure and a lack of or traditional fundraising. Holiday club was not able to run this academic year due to the severity of COVID and the risk of holding a service that encourages children from multiple settings. We did exclude school children from entering our breakfast club until September and we liaise with schools to ensure the best measures are put into place and we work together. We lost one member of staff (Charlotte) although this left us in a strong position regarding staffing and moving forward with the return of Launa predicted in Jan 2021 and the increase of hours of Becky the manager. All staff have had their regular supervisions and training plans have been amended depending on training options, again due to COVID. On her return, Launa is set to be our mental health first aider within the setting. This will be a great asset because it is widely acknowledged that mental health plays a huge role for adults as well as children. We are continually amending our practice to work closely with parents and carers during the COVID measures. All children have made good progress that have continued with us and this is apparent in the tracking of cohorts. We are aware that some children had a huge chunk of education and routine disruption during COVID so we are considering this within our steps forward. The management team appears as Rebecca King – Manager Tracy Howlett – Daily supervisor Catherine – Deputy Daily supervisor Louise – Senior practitioner We feel that this is a very strong team that allows us to work to ratio as well as ensuring that there is vital leadership in the setting at all times. I would like to thank all of the on-site staff team, Jane and the committee for their support in the running of the setting. Becky King ## **Lowdham Pre-School** ## **Lowdham Village Hall, Main Street, Lowdham, Notts., NG14 7BD** ## **Registered Charity No. 1032534** ## **Financial Statements for the Year Ended 31[st] August 2020** ## **RECEIPTS and PAYMENTS ACCOUNT** |**RECEIPTS**
Fees
20766
Funding
79960
HMRC Grants and JRS
8459
Breakfast Club
8404
Holiday Club
236
**FUNDRAISING RECEIPTS**
Brains
-
Co-Op
-
Other
805
**TOTAL RECEIPTS**
**PAYMENTS**
Wages
107250
**Holiday Club wages & expenses**
887
Pension
3656
**Payroll**
390
Rent
5397
**Refreshments**
1220
Equipment
-
**Materials**
3094
Fundraising costs
585
**Training course fees**
1231
Petty cash expenditure
-
**Stationery, insurance and IT**
1781
OFSTED and DBS fees
530
**Repairs**
-
Accountancy
425
**Sundries**
687
Advertising
-
**Uniform**
394
**TOTAL PAYMENTS**
**RECEIPTS Less PAYMENTS**
Reserves at 1stSeptember 2019
**RESERVES at 31st AUGUST 2020**|20766
79960
8459
8404
236|**2020**
117825
805
118630
127527
(8897)
59950
51053|44094
75166
-
8261
2317|**2019**
129838
7116| |---|---|---|---|---| ||-
-
805||1132
5291
693|| ||||103366
1807
1111
210
6821
1400
-
3590
259
3131
-
1830
339
-
425
367
-
150|| |||||136954| |||||| |||||| |||||124806| |||||12148
47802| |||51053||59950| Page 1 of 2 ## **Lowdham Pre-School** ## **Lowdham Village Hall, Main Street, Lowdham, Notts., NG14 7BD** ## **Registered Charity No. 1032534** **Financial Statements for the Year Ended 31[st] August 2020** _**(Continued**_ **)** |**MONETARY ASSETS**
Cash in hand
Bank current account
Bank Deposit Bond
**TOTAL OF MONETARY ASSETS**
**DEBTORS**
Breakfast Club fees
**OTHER ASSETS - NOT VALUED**
Various items of play equipment
Computer and office equipment
Stock of fleeces and Polo shirts
Storage Shed
**LIABILITIES**
PAYE and National Insurance
Supplies of materials and other expenses
Rent - Holiday Club
Wages - Holiday Club|**2020**
-
51053
-
51053
-
-
-
-
-|**2019**
-
59950
-| |---|---|---| |||59950| |||1641
-
36
275
577| ## **NOTES TO THE ACCOUNTS Transactions with Related Parties** During the year, no member of the committee received remuneration. (2019 - £ nil) ## **Treasurer** October 2020 Page 2 of 2 ## **FINANCIAL STATEMENT** ## **of** ## **Lowdham Pre-School Lowdham Village Hall, Main Street, Lowdham, Nottinghamshire** ## **Registered Charity No. 1032534** **For the 12 months ended 31 August 2020** **COMMITTEE: (at 31 Aug 2020)** Charlotte Hughes _(Chair)_ Angela Dunning _(Treasurer)_ Natalie Sharman _(Secretary)_ Rebecca King Xiang Li ## **BANK:** **INDEPENDENT EXAMINER:** HSBC 1 Victoria Road, Netherfield, Nottinghamshire, NG4 2LB Dr Ian C. Kilpatrick PhD Brook Holm, Criftin Enterprise Centre, Oxton Road, Epperstone, Nottinghamshire, NG14 6AT ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LOWDHAM PRE-SCHOOL** I report on the accounts of the Trust for the year ended 31[st] August 2020, which are set out on pages 1 and 2. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ## **It is my responsibility to:** - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiners report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dr Ian C. Kilpatrick PhD Scientific Research Director Epperstone Nottinghamshire NG14 6AT 28[th] October 2020