## **Little Oaks Pre-School**
**Charity No. 1032642**
## **Trustees' Report and Unaudited Accounts**
**31 August 2020**
**Little Oaks Pre-School CONTENTS**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Statement of Cash flows|7|
|Notes to the Accounts|8 to 13|
|Detailed Statement of Financial Activities|14 to 15|
Page 1
**Little Oaks Pre-School TRUSTEES ANNUAL REPORT**
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2020.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1032642**
## **Trustees**
The following Trustees served during the year:
R. Boyce S. Brown J. Hodges S. Homes P.T. Smyth
## **Accountants**
AJR & Co Ltd The Barn 11a Queen Catherine Road Steeple Claydon Buckinghamshire MK18 2PZ
## **OBJECTIVES AND ACTIVITIES**
To enhance the development and education of children under statutory school age in a parent-involving community-based group.
Safeguarding the child and providing the services specified in the purposes stated above including the community and parents as partners in a safe enviroment.
The Charity has provided a safe, secure and stimulating environment through involving the children in talking, observing, questioning, experimenting, testing, repeating, reflecting and responding to adults and to each other. By so doing, the charity is trying to educate children harmoniously with the community. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
Education of students in line with National Curriculum
Extra curricular activities and events to further develop and educate students
## **ACHIEVEMENTS AND PERFORMANCE**
Achievements include: Staff changes - Shelley has left as a full-time member of staff, but remains on the bank staff list, offering support when needed. Kirsty Johnson has joined as a new deputy and Jodie Edwards is providing maternity cover. We have also gained Dee Deacon, Victoria Lockyer and Alex Wilson as Bank Staff. Educational Topics throughout the period have included friendships, Harvest Festival, growth and decay, fireworks/Diwali, Remembrance Sunday, Christmas cooking, Christmas concert, Christmas party, nursery rhymes, Chinese New Year, Carnival of Culture, cooking and healthy lifestyles, families. Wednesday Club attendance, sports day, Eid, getting ready for school.
Page 2
**Little Oaks Pre-School TRUSTEES ANNUAL REPORT**
Fundraising was ongoing throughout the year and included Harvest Festival cake auction which raised just under £1,000, the Carnival of Culture and the Easter Egg Hunt, plus individual donations totalling £450. In addition, we were grateful to be awarded a grant from the Rothschild foundation which will be used to buy an additional canopy, so we are able to maximise use of the outdoor space. We were also able to support the Poppy appeal and Samaritan show boxes with £20 each.
CIO Status Change – Most will be aware that we have changed status. This will not affect the day-to-day running of pre-school but impacts the way the Committee functions – particularly that there are no longer Chair / Treasurer / Secretary roles, but a group of Trustees. We are very keen to recruit new members. The committee are involved in key decision making for pre-school, meeting every half-term. The new CIO status means no personal responsibility or liability.
Performance issues raised included: None
Other issues Parking - Thank you for adhering to the no parking on site – parking is an absolute premium on school ground and Little Oaks only has two spaces allocated. Only blue badge or prior agreement in writing from the school can park on school site. 30 Hours – over ¼ of our children benefit, but due to being oversubscribed we can only offer between 3 and 4 full days.
## **FINANCIAL REVIEW**
The trustees consider the financial performance by the charity during the year to have been satisfactory. The trustees Little Oaks Pre-School have set guidelines of the charity to have reserves of at least three months running costs. The reason for doing this is in case of a source of funding is lost, unforeseen emergencies or for redundancy costs.
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
P.T. Smyth Trustee 25 June 2021
Page 3
**Little Oaks Pre-School INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Little Oaks Pre-School**
I report to the trustees on my examination of the accounts of Little Oaks Pre-School for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity'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 examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the accounts do not accord with those 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.
Mr Andrew Richardson BA FCA Institute of Chartered Accountants in England & Wales AJR & Co Ltd
The Barn 11a Queen Catherine Road Steeple Claydon Buckinghamshire MK18 2PZ 25 June 2021
Page 4
**Little Oaks Pre-School STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 August 2020**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
9
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
174,747
16,918
-
-|**Total funds**
**2020**
**£**
174,747
16,918
-
-|**Total funds**
**2019**
**£**
170,260
23,095
1,248
15|
|---|---|---|---|
||191,665
5,968
180,134|191,665
5,968
180,134|194,618
7,915
174,688|
||186,102
-|186,102
-|182,603
-|
||5,563|5,563|12,015|
||5,563|5,563|12,015|
||5,563
114,277|5,563
114,277|12,015
102,262|
||119,840|119,840|114,277|
Page 5
**Little Oaks Pre-School BALANCE SHEET at 31 August 2020**
|**Charity No. 1032642**
**Fixed assets**
Tangible assets
11
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
12
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
13
**Unrestricted funds**
13
General funds
**Reserves**
13
**Total funds**|**2020**
**£**
11,849
11,849
112,969
112,969
(4,978)
107,991
119,840
119,840
119,840
119,840
119,840
119,840|**2019**
**£**
-|
|---|---|---|
|||-
115,285|
|||115,285
(1,008)|
|||114,277
114,277|
|||114,277|
|||114,277|
|||114,277|
|||114,277|
|||114,277|
Approved by the trustees on 25 June 2021
And signed on their behalf by:
P.T. Smyth Trustee 25 June 2021
Page 6
**Little Oaks Pre-School STATEMENT OF CASH FLOWS for the year ended 31 August 2020**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Purchases of property, plant and equipment
**Net cash (used in)/from investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2020**
**£**
5,563
891
3,970
10,424
(12,740)
(12,740)
-
(2,316)
115,285
112,969
112,969
112,969|**2019**
**£**
12,015
-
258|
|---|---|---|
|||12,258
-|
|||15|
||||
|||-|
||||
|||12,273|
|||103,012|
|||115,285|
||||
|||115,285|
||||
|||115,285|
Page 7
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## **for the year ended 31 August 2020**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Page 9
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## 2 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations and gifts from
individuals
Revenue grants from
government and public
bodies
Revenue grants for COVID-19
(JRS Grants)|**Unrestricted**
**£**
1,099
161,523
12,125
174,747|**Unrestricted**
**funds**
**2019**
**£**
170,260
23,095
1,248
15
194,618
7,915
174,688
182,603
12,015
12,015
12,015
102,262
114,277
**Total**
**2020**
**£**
1,099
161,523
12,125
174,747|**Total funds**
**2019**
**£**
170,260
23,095
1,248
15|
|---|---|---|---|
||||194,618
7,915
174,688|
||||182,603|
||||12,015|
||||12,015|
||||12,015
102,262|
||||114,277|
||||**Total**
**2019**
**£**
1,441
168,819
-|
||||170,260|
Page 10
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## 4 **Income from charitable activities**
|PP - Fees received from
Parents
AT - Milk Sales
AT - School Uniform Sales
5
**Income from other trading activities**
Income from fundraising
events
6
**Income from investments**
Interest receivable
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
PP - Fees received from
Parents
AT - Milk Sales
AT - School Uniform Sales
Student Activities, Trips &
Events
_Governance costs_|**Unrestricted**
**£**
15,943
527
448
16,918
**Unrestricted**
**£**
3,212
368
598
1,790
5,968|**Total**
**2020**
**£**
15,943
527
448
16,918
**Total**
**2020**
**£**
-
-
**Total**
**2020**
**£**
-
-
**Total**
**2020**
**£**
3,212
368
598
1,790
5,968|**Total**
**2019**
**£**
22,208
578
309|
|---|---|---|---|
||||23,095|
||||**Total**
**2019**
**£**
1,248|
||||1,248|
||||**Total**
**2019**
**£**
15|
||||15|
||||**Total**
**2019**
**£**
4,363
610
996
1,946|
||||7,915|
Page 11
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## 8 **Other expenditure**
|Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
10 **Staff costs**
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
11 **Tangible fixed assets**
**Cost or revaluation**
Additions
At 31 August 2020
**Depreciation and**
**impairment**
Depreciation charge for the
year
At 31 August 2020
**Net book values**
At 31 August 2020
12 **Creditors:**
amounts falling due within one year
Trade creditors
Accruals and deferred income|**Unrestricted**
**£**
158,236
14,024
891
4,186
2,797
180,134
**2020**
**£**
891
148,308
3,901
152,209
**£**
8,090
8,090
-
-
8,090
**2020**
**£**
3,898
1,080
4,978|**Total**
**2020**
**£**
158,236
14,024
891
4,186
2,797
180,134
**£**
4,650
4,650
891
891
3,759|**Total**
**2019**
**£**
147,979
12,091
-
11,440
3,178|
|---|---|---|---|
||||174,688|
||||**2019**
**£**
-
142,024
2,823|
||||144,847|
||||**£**
12,740|
||||12,740|
||||891|
||||891|
||||11,849|
||||**2019**
**£**
-
1,008|
||||1,008|
Page 12
**Little Oaks Pre-School NOTES TO THE ACCOUNTS**
## 13 **Movement in funds**
|**At 1**
**September**
**2019**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
114,277
**Revaluation Reserves:**
**Total funds**
114,277
14 **Analysis of net assets between funds**
Fixed assets
Net current assets
15 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2020**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
191,665
191,665
are as follows:
**2020**
**Other**
**£**
**2020**
**£**
3,901|**Resources**
**expended**
**£**
(186,102)
(186,102)
**Unrestricted**
**funds**
**£**
11,849
107,991
119,840
**2019**
**Land and**
**buildings**
**£**|**At 31**
**August**
**2020**
**£**
119,840|
|---|---|---|---|
||||119,840|
||||**Total**
**£**
11,849
107,991|
||||119,840|
||||**2019**
**Other**
**£**
**2019**
**£**
2,823|
Page 13
**Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 August 2020**
|**Income and endowments from:**
Donations and legacies
Donations and gifts from
individuals
Revenue grants from government
and public bodies
Revenue grants for COVID-19 (JRS
Grants)
Charitable activities
PP - Fees received from Parents
AT - Milk Sales
AT - School Uniform Sales
Other trading activities
Income from fundraising events
Investments
Interest receivable
**Total income and endowments**
**Expenditure on:**
Charitable activities
PP - Fees received from Parents
AT - Milk Sales
AT - School Uniform Sales
Student Activities, Trips & Events
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Pension costs
Staff entertainment
Staff training
Staff welfare
Premises costs
Rent|**Unrestricted**
**funds**
**2020**
**£**
1,099
161,523
12,125
174,747
15,943
527
448
16,918
-
-
-
-
191,665
3,212
368
598
1,790
5,968
5,968
148,308
3,901
967
4,398
662
158,236
10,221|**Total funds**
**2020**
**£**
1,099
161,523
12,125
174,747
15,943
527
448
16,918
-
-
-
-
191,665
3,212
368
598
1,790
5,968
5,968
148,308
3,901
967
4,398
662
158,236
10,221|**Total funds**
**2019**
**£**
1,441
168,819
-|
|---|---|---|---|
||||170,260|
||||22,208
578
309|
||||23,095|
||||1,248|
||||1,248|
||||15|
||||15|
||||194,618
4,363
610
996
1,946|
||||7,915|
||||7,915
142,024
2,823
309
2,551
272|
||||147,979|
||||8,925|
Page 14
## **Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
|Premises cleaning
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of
Equipment expensed
General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**|3,803
-
-
14,024
891
1,224
1,071
174
22
-
836
108
460
291
5,077
1,080
1,717
2,797
180,134
186,102
-
5,563
5,563
-
5,563|3,803
-
-
14,024
891
1,224
1,071
174
22
-
836
108
460
291
5,077
1,080
1,717
2,797
180,134
186,102
-
5,563
5,563
-
5,563|-
486
2,680|
|---|---|---|---|
||||12,091|
||||-
7,771
1,058
72
114
163
1,330
430
-
502|
||||11,440|
||||1,410
1,768|
||||3,178|
|||||
||||174,688|
||||182,603
-|
||||12,015|
||||12,015
-|
||||12,015|
Page 15