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← Little Oaks Pre-School

2022-08-31-accounts

Little Oaks Pre-School

Charity No. 1032642

Trustees' Report and Unaudited Accounts

31 August 2022

Little Oaks Pre-School CONTENTS

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 16
Detailed Statement of Financial Activities 17 to 19

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 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1032642

Trustees

The following Trustees served during the year:

H.K. Atkinson

J. Bagley (Resigned 1 January 2022) R. Boyce (Resigned 22 June 2022) H. Brooker (Resigned 28 January 2022) S. Brown (Resigned 9 May 2022) V. Gehnich (Resigned 31 August 2022) N. Harris (Resigned 28 January 2022) J. Hodges S. Homes S. Matheou (Resigned 9 February 2022) E. Melton F. Pastore S. Patel S. Phadke P.T. Smyth J. Wheeler

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 (age 2 to 5).

To provide a safe, secure and stimulating environment where the children can develop through talking, observing, planning, questioning, experimenting, testing, repeating, reflecting and responding to adults and to each other.

The Trustees have reviewed and follow the guidance issued by both Charity Commission and Ofsted on public benefit.

Education of students in line with National Curriculum

Extra curricular activities and events to further develop and educate students

ACHIEVEMENTS AND PERFORMANCE

Page 2

Little Oaks Pre-School TRUSTEES ANNUAL REPORT

During the year there were several additions to core staff, Deepika, Helen and Maxine along with Alex from the bank team. Sadly Sally Warren passed away following a period of illness. For almost 30 years, Sally made a huge impact in developing the Little Oaks Pre-School from its inception when it was run at the Village Hall and then bringing it to this setting and becoming the excellent Pre-School that it is today. On behalf of all the staff and current and previous parents Sally’s warmth and caring nature will be severely missed but not forgotten. In memory of Sally we are working with her family and parish council to place a remembrance bench with plaque in the field in front of the pre-school. We are also seeking to have a remembrance bench in the pre-school garden, suitable for the children.

We have recently appointed Kirsty as our new Little Oaks Manager and with Kirsty’s drive and enthusiasm, we are sure Little Oaks will continue to thrive & provide the best environment for the children of the pre-school.

We are pleased to report Covid 19 had a minimal affect on the pre-school. The committee would like to pass on their thanks to all the pre-school staff and parents for their support, making it through another year of unprecedented circumstances to manage the crisis and to keep the pre-school running. Despite this, we supported the following charities this year: Children in Need, Winston Wish, Florence Nightingale (in memory of Sally) and the Royal British Legion with its Annual Poppy Appeal.

Noteworthy events this year have included Harvest festival and Christmas performances, Carnival culture, Sports day and attendance at the village summer fete and a trip to a local farm.

During the year we were able to engage in extra curricular topics, such as "People who help us" (including visits from public sector services staff), "Oral health including ditch thhe dummy" , "getting ready for school and building independence","Growing", "Mini beasts" and "Space"

We continue to engage with outside agencies including Early Years, Buckinghamshire Council, support workers, health visitors, and a private speech and language therapist . We also work with local area cluster groups as part of the providers in partnership programme (PiP), which means we have access to resources, support and grants to improve transitions and the outcome for local children. The pre-school has recently been awarded ICan accreditation, which highlights our engagement and effective practice in communication and language development.

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 (£110,135 at 31st August 2022) 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 to cover redundancy costs if required.

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.

Page 3

Little Oaks Pre-School TRUSTEES ANNUAL REPORT

Signed on behalf of the charity's trustees

P.T. Smyth Trustee 23 June 2023

Page 4

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 2022 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

==> picture [495 x 46] intentionally omitted <==

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:

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.

Andrew Richardson BA FCA

Institute of Chartered Accountants in England and Wales AJR & Co Ltd The Barn 11a Queen Catherine Road Steeple Claydon Buckinghamshire MK18 2PZ 23 June 2023

Page 5

Little Oaks Pre-School STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 August 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income/(expenditure)
9
Net income/(expenditure)
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
2022
£
149,425
30,727
986		 Restricted
funds
2022
£
928
-
-		 Total funds
2022
£
150,353
30,727
986		 Total funds
2021
£
156,209
22,704
301
181,138
-
7,892
170,170		 928
178
-
567		 182,066
178
7,892
170,737		 179,214
-
5,720
186,275
178,062
-		 745
-		 178,807
-		 191,995
-
3,076 183 3,259 (12,781)
3,076 183 3,259 (12,781)
3,076
107,059		 183
-		 3,259
107,059		 (12,781)
119,840
110,135 183 110,318 107,059

Page 6

Little Oaks Pre-School BALANCE SHEET at 31 August 2022

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
Restricted income funds
Unrestricted funds
13
General funds
Reserves
13
Total funds		 2022
£
7,281
7,281
104,537
104,537
(1,500)
103,037
110,318
110,318
110,318
183
183
110,135
110,135
110,318		 2021
£
9,790
9,790
99,549
99,549
(2,280)
97,269
107,059
107,059
107,059
-
-
107,059
107,059
107,059

Approved by the trustees on 23 June 2023

And signed on their behalf by:

P.T. Smyth Trustee 23 June 2023

Page 7

Little Oaks Pre-School STATEMENT OF CASH FLOWS for the year ended 31 August 2022

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Decrease in trade and other payables
Net cash provided by/(used in) operating activities
Net cash used in investing activities
Net cash from financing activities
Net increase/(decrease) 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		 2022
£
3,259
2,509
(780)
4,988
-
-
4,988
99,549
104,537
104,537
104,537		 2021
£
(12,781)
2,509
(2,698)
(12,970)
(450)
-
(13,420)
112,969
99,549
99,549
99,549

Page 8

Little Oaks Pre-School NOTES TO THE ACCOUNTS

for the year ended 31 August 2022

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 9

Little Oaks Pre-School NOTES TO THE ACCOUNTS

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which 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, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and 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.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures & Fittings 20% Straight Line Computer Equipment 33.33% Straight Line

==> picture [207 x 46] intentionally omitted <==

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.

Page 10

Little Oaks Pre-School NOTES TO THE ACCOUNTS

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.

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Transfers between funds
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
2021
£
155,099
22,704
301
178,104
5,541
185,283
190,824
(12,720)
(61)
(12,781)
(12,781)
119,840
107,059		 Restricted
funds
2021
£
1,110
-
-
1,110
179
992
1,171
(61)
61
-
-
-
-		 Total funds
2021
£
156,209
22,704
301
179,214
5,720
186,275
191,995
(12,781)
(12,781)
(12,781)
119,840
107,059

Page 11

Little Oaks Pre-School NOTES TO THE ACCOUNTS

3
Income from donations and legacies
Donations and gifts from
individuals
Donations and gifts from
Non-Charitable Organisations
Revenue grants from
government and public
bodies
Revenue grants for COVID-19
(JRS Grants)
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
Expenditure on raising funds
Costs of generating voluntary
income
Donations and gifts from
individuals		 Unrestricted
£
1,585
500
146,090
1,250
149,425		 Restricted
£
178
-
-
750
928
Unrestricted
£
29,892
356
479
30,727
Unrestricted
£
986
986
Restricted
£
178
178		 Total
2022
£
1,763
500
146,090
2,000
150,353
Total
2022
£
29,892
356
479
30,727
Total
2022
£
986
986
Total
2022
£
178
178		 Total
2021
£
1,239
-
146,845
8,125
156,209
Total
2021
£
21,773
340
591
22,704
Total
2021
£
301
301
Total
2021
£
-
-

Page 12

Little Oaks Pre-School NOTES TO THE ACCOUNTS

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
Annual General Meeting
Costs
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/(expenditure) before
transfers
This is stated after charging:
Depreciation of owned fixed assets
10 Staff costs
Salaries and wages
Social security costs
Pension costs		 Unrestricted
£
145,040
16,084
2,509
3,863
2,674
170,170		 Unrestricted
£
3,382
370
356
3,553
231
7,892
Restricted
£
-
-
-
567
-
567
2022
£
2,509
137,711
2,963
1,974
142,648		 Total
2022
£
3,382
370
356
3,553
231
7,892
Total
2022
£
145,040
16,084
2,509
4,430
2,674
170,737		 Total
2021
£
2,726
372
868
1,754
-
5,720
Total
2021
£
156,627
17,049
2,509
7,545
2,545
186,275
2021
£
2,509
143,939
-
6,593
150,532

No employee received emoluments in excess of £60,000.

Page 13

Little Oaks Pre-School NOTES TO THE ACCOUNTS

11 Tangible fixed assets

11 Tangible fixed assets
Cost or revaluation
At 1 September 2021
At 31 August 2022
Depreciation and
impairment
At 1 September 2021
Depreciation charge for the
year
At 31 August 2022
Net book values
At 31 August 2022
At 31 August 2021
12 Creditors:
amounts falling due within one year
Trade creditors
Accruals and deferred income		 Fixtures &
Fittings		 Computer
Equipment
£
5,100
5,100
2,591
1,700
4,291
809
2,509		 Total
£
13,190
£
8,090
8,090
809
809
1,618
6,472
7,281
2022
£
-
1,500
1,500
13,190
3,400
2,509
5,909
7,281
9,790
2021
£
1,080
1,200
2,280

Page 14

Little Oaks Pre-School NOTES TO THE ACCOUNTS

13 Movement in funds

Restricted funds:
Restricted income funds:
BUCKS Council - PiP Incentive
Florence Nightingale
Collection
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds		 At 1
September
2021
-
-
-
107,059
107,059		 Incoming
resources
(including
other
gains/losses)
£
750
178
928
181,138
182,066		 Resources
expended
£
(567)
(178)
(745)
(178,062)
(178,807)		 At 31
August
2022
£
183
-
183
110,135
110,318

Purposes and restrictions in relation to the funds:

Restricted funds:
BUCKS Council - PiP Incentive Funds earmarked to support disadvantaged children.
Florence Nightingale Funds raised on behalf of Florence Nightingale charity.
Collection

14 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
7,281
103,037
110,318		 Total
£
7,281
103,037
110,318

Page 15

Little Oaks Pre-School NOTES TO THE ACCOUNTS

15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2022 2022 2021 2021
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2022 2021
£ £
The pension cost charge to the charity
amounted to: 1,974 6,593

Page 16

Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 August 2022

Income and endowments from:
Donations and legacies
Donations and gifts from
individuals
Donations and gifts from
Non-Charitable Organisations
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
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Donations and gifts from
individuals
Total of expenditure on raising
funds
Charitable activities
PP - Fees received from Parents
AT - Milk Sales
AT - School Uniform Sales
Student Activities, Trips & Events
Governance costs
Annual General Meeting Costs
Total of expenditure on charitable
activities		 Unrestricted
funds
2022
£
1,585
500
146,090
1,250
149,425
29,892
356
479
30,727
986
986
181,138
-
-
-
3,382
370
356
3,553
7,661
231
231
7,892		 Restricted
funds
2022
£
178
-
-
750
928
-
-
-
-
-
-
928
178
178
178
-
-
-
-
-
-
-
-		 Total funds
2022
£
1,763
500
146,090
2,000
150,353
29,892
356
479
30,727
986
986
182,066
178
178
178
3,382
370
356
3,553
7,661
231
231
7,892		 Total funds
2021
£
1,239
-
146,845
8,125
156,209
21,773
340
591
22,704
301
301
179,214
-
-
-
2,726
372
868
1,754
5,720
-
-
5,720

Page 17

Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff entertainment
Staff training
Staff welfare
Premises costs
Rent
Rates
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures &
Fittings
Depreciation of Computer
Equipment
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/(expenditure)		 137,711
2,963
1,974
643
967
782
145,040
10,107
209
5,684
84
16,084
809
1,700
1,050
1,098
-
5
-
1,010
263
-
437
6,372
1,500
1,174
2,674
170,170
178,062
-
3,076		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
567
-
-
-
-
-
-
-
-
567
-
-
-
567
745
-
183		 137,711
2,963
1,974
643
967
782
145,040
10,107
209
5,684
84
16,084
809
1,700
1,617
1,098
-
5
-
1,010
263
-
437
6,939
1,500
1,174
2,674
170,737
178,807
-
3,259		 143,939
-
6,593
-
4,622
1,473
156,627
10,447
-
-
6,602
17,049
809
1,700
2,212
1,082
78
30
2,680
900
99
82
382
10,054
1,200
1,345
2,545
186,275
191,995
-
(12,781)

Page 18

Little Oaks Pre-School DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Little Oaks Pre-School
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds		 3,076
-
3,076		 183
-
183		 3,259
-
3,259		 (12,781)
-
(12,781)

Page 19

Signed By

Deborah Albrighton

Date Signed 2023-06-28 14:09:27 Email littleoakspreschool@yahoo.co.uk Printed Name Deborah Albrighton IP Address 147.147.125.200 Browser User Agent Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/114.0.0.0 Safari/537.36 Name of signatory Debbie Albrighton