OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Ladybird Pre-School

2021-08-31-accounts

Charity number: 1034782

THE LADYBIRD PRE-SCHOOL

SS a

a a

ee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

THE LADYBIRD PRE-SCHOOL

eS

CONTENTS

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers 1
Trustees’ Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
NotestotheFinancialStatements 10-22

eeeee

THE LADYBIRD PRE-SCHOOL

ee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

i

Trustees

A Baggett (resigned 2nd May 2021) R Banda, Chair J Boes (resigned 29th March 2022) L Brown (appointed 29th March 2022) J Ellis (appointed 29th March 2022) E Hayward (appointed 24th February 2021, resigned 29th March 2022) C Grover (resigned 29th March 2022) K Jones (resigned 29th March 2022) B Mackie (resigned 29th March 2022) C Patel (appointed 24th February 2021, resigned 29th March 2022) S Roumaneas (appointed 29th March 2022) A Valsamaki (appointed 29th March 2022) R Wells (resigned 23rd February 2021) C Wilson (appointed 29th March 2022)

Charity registered number

1034782

Principal office

King Georges Playing Field Lambs Lane Cottenham CB24 8TB

Independent Examiner

C P J Dougherty, FCA Lakin Rose Limited Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 SNL

|

Bankers

The Co-Operative Bank PO Box 250 Delf House Skelmersdale WN8 6WT

Cambridge Building Society 51 Newmarket Road Cambridge CB5 8FF

Neen

Page 1

THE LADYBIRD PRE-SCHOOL

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The Trustees present their annual report together with the financial statements of the charity for the 1 September 2020 to 31 August 2021. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Objectives and activities

a. Policies and objectives

The charity has the following activities to deliver its principle objectives:

Aim: Our primary aim at Ladybird Pre-school is to create a warm stimulating environment to enable every member young or old to learn and develop while having fun. The environment needs to be accessible, challenging but achievable to all our members with opportunities to take risks.

Addtional Aims:

  1. To ensure children feel safe and secure in our care 2. To form positive and trusting relationships with all our members

  2. To provide play experiences for children to learn from and explore

  3. To work effectively in partnership with others to maximise everyone's potential

  4. To foster positive dispositions to learning

  5. To give everyone the opportunity to develop their confidence, independence, self-esteem, social and emotional skills

  6. ie To ensure everyone at Ladybird Pre-school is aware of and involved in the scheme “Promoting Health in Early Years”.

Our objective is to work hard to ensure we meet our aims.

Addtional Objectives:

  1. To provide activities, events and opportunities to develop learning for all

  2. To provide learning activities, training and workshops for all of our members

  3. 3: To encourage parents/carers to participate in our organisation maximising their skills, knowledge and abilities

  4. To ensure staff have a good understanding as to what constitutes a healthy lifestyle and works in partnership with parents/carers to help keep their children healthy.

Page 2

THE LADYBIRD PRE-SCHOOL

Se TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Achievements and performance

a. Review of activities

Covid-19 has continued to have a huge impact on life in 2020/21 and Ladybirds is again no exception to this. While we have not had a large scale lockdown similar to that of spring 2020, restrictions in place have still impacted Ladybirds operation and isolation rules have led to a number of small scale closures.

Children numbers have remained static for 2020/21 from the previous year although the uptake of hours has increased by 144 hours per week from the figures in 2019/2020. Despite this, hours for 2020/21 remain significantly lower than the pre-Covid figures with 22 children and 328 hours per week fewer for 2020/21 when compared with 2018/19. During the course of 2020/21 we noticed more parents were choosing to wait until their child was pre-school age before starting them at Ladybirds rather than joining earlier. It remains to be seen whether this trend will continue for 2021/22.

The 30 hours funding continues to be popular with parents who are eligible although numbers remain down on previous pre-Covid years.

During the course of 2020/21 the neighbouring nursery's building work was completed and a provider was appointed by Cottenham Parish Council. A staggered opening is scheduled for October 2021 and we await to see if its opening has an impact on Ladybirds once it is fully operational.

Ladybirds continue to be challenged with increasing costs following increases to the national living wage and operating costs that have been impacted as a result of Covid. Unfortunately, due to the pandemic, we were not able to operate our normal fundraising events and we are looking forward to being able to resume some of our fundraising activities in 2021/22. We were very grateful to some volunteers who undertook some fundraising on our behalf during this financial year with the goal of purchasing a new pirate ship and balance beam for the garden. These were installed in early 2021.

Over the course of the year, we have received Early Years Pupil Premium funding for some children which has allowed us to purchase new resources to help promote the children’s learning.

Our Moving On session which is aimed at preparing pre-school children for their move up to Primary School continues to be well received by parents and teachers at the Primary School. These sessions remain some of our most popular and well attended within the setting.

Our usual autumn term provision of a Reception Class pick-up service, collecting children from their Reception classes at Cottenham Primary School during the first few weeks of term when the new starters finish early, was suspended for 2020/21. Although this provides a vital service to parents and carers, it was decided that it would be too great a risk in light of Covid-19 to have children regularly traveling between the setting and the primary school. A consequence of this was that the income stream from this service was lost.

We continue to work closely with other early years professionals to improve the outcomes of all children in our care and we work within the guidelines of the Early Years Foundation Stage (EYFS). Staff have attended various online training courses in order to extend their knowledge of the EYFS and a number of them have worked to gain further professional qualifications.

Page 3

THE LADYBIRD PRE-SCHOOL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Ladybird Pre-School aims to build and maintain a general fund of reserves to cover 9 months running costs. As at 31 August 2021 the reserves were equal to around 9 months running costs (2020: 12 months). This level of reserves should cover any short term cash flow fluctuations and provide a buffer against unforeseen future emergencies.

These reserves are kept liquid and low risk, by holding them in a bank or building society. Rates of interest are regularly monitored.

In addition to the reserve, designated funds comprise unrestricted funds that have been set aside by Trustees for particular purposes. They are:

Statement of designated funds:
Deprivation funds: £ 735
IT funds: £ 1,011
Training funds: £ 470
Maintenance and Redecoration funds: £ nil
Gardenequipmentfunds: £ nil

This level of reserves should cover any short-term cash flow fluctuations and provide a buffer against unforeseen future emergencies. This reserve does not allow for any major capital project. Any such project would require independent funding.

The reserves will be built gradually from both fee income and fundraising.

The Trustees review this policy at least annually to ensure that it reflects current business needs.

Structure, governance and management

a. Constitution

The principal object of the charity is to enhance the development and education of children primarily under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.

Page 4

THE LADYBIRD PRE-SCHOOL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

The Trustees who served during the year and dates of appointment and resignations are shown on page 1.

c. Organisational structure and decision-making policies

A committee of parents is elected in the new year at the Annual General Meeting of the Pre-school. The committee are responsible for the running of the group and employ a manager to manage it for them. The manager is responsible to the committee, reports to committee meetings and is supported by one deputy and two senior practitioners. Decisions about the running of the group are made at committee meetings.

d. Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

We continue in our aim to seek out ways to improve and widen our provision for families with young children in Cottenham.

Page 5

THE LADYBIRD PRE-SCHOOL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 7 June 2022 by:

and signed on their behalf

.

R Banda Trustee

Page 6

iiiss

THE LADYBIRD PRE-SCHOOL

TNT nn ee

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

a Independent Examiner's Report to the Trustees of The Ladybird Pre-school (‘the charity’)

| report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2021.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act').

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 | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

| 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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the charity's Trustees those matters | am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Signed: / . J H Dated: 13 June 2022

Christopher Dougherty FCA

Lakin Rose Limited Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 9NL ;

eee

Page 7

THE LADYBIRD PRE-SCHOOL

Ne

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Fe

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 3 200 1,951 2,151 6,995
Charitable activities 4 8,620 162,498 171,118 176,451
Othertrading activities 5 - 2,068 2,068 2,592
Investments 6 - 170 170 277
Total income 8,820 166,687 175,507 186,315
Expenditure on:
Raising funds - 175 175 280
Charitable activities 7 8,820 200,079 208,899 202,775
Total expenditure 8,820 200,254 209,074 203,055
Netmovement in funds - (33,567) (33,567) (16,740)
Reconciliation offunds:
Total funds broughtforward 46 191,240 191,286 208,026
Netmovement in funds - (33,567) (33,567) (16,740)
Totalfundscarriedforward 46 157,673 157,719 191,286

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 8

THE LADYBIRD PRE-SCHOOL

Ne

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Fe

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 3 200 1,951 2,151 6,995
Charitable activities 4 8,620 162,498 171,118 176,451
Othertrading activities 5 - 2,068 2,068 2,592
Investments 6 - 170 170 277
Total income 8,820 166,687 175,507 186,315
Expenditure on:
Raising funds - 175 175 280
Charitable activities 7 8,820 200,079 208,899 202,775
Total expenditure 8,820 200,254 209,074 203,055
Netmovement in funds - (33,567) (33,567) (16,740)
Reconciliation offunds:
Total funds broughtforward 46 191,240 191,286 208,026
Netmovement in funds - (33,567) (33,567) (16,740)
Totalfundscarriedforward 46 157,673 157,719 191,286

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 8

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1, General information

The charity is an unincorporated charity. The address of the charity is King Georges Playing Field, Lambs Lane, Cottenham, Cambridge CB24 8TB.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Ladybird Pre-school meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a thirdparty is bearing the cost. No amounts are included in the financial statements for services donatedby volunteers.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Support costs are those costs incurred directly in support of expenditure on the objects of the charityand include project management carried out at Headquarters.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred intrading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned tocharitable activities.

Page 10

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. Accounting policies (continued)

2.3. Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicatethat the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 25% reducing Improvements to property - 10% straight line

2.5 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 11

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

3. Income from donations and grants

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Donations - 301 301 78
Grants 200 1,650 1,850 1,900
Job Retention Scheme - - - 5,017
Total 2021 200 1,951 2,151 6,995
Total 2020 = 6,995 6,995
Income from charitable activities
Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Pre-School fees - 34,271 34,271 27,109
Local authorityfunding 8,620 128,227 136,847 149,342
Total 2021 8,620 162,498 171,118 176,451
Total 2020 448 176,003 176,451
Income from fundraising activities
Income from fundraising events
Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Events 2,068 2,068 2,592
Total2020 2,592 2,592

4. Income from charitable activities

  1. Income from fundraising activities Income from fundraising events

Page 12

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

6. Investment income

----- Start of picture text -----
Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Interest on cash deposits 170 170 277
Total 2020 277 277
----- End of picture text -----

7. Analysis of expenditure on charitable activities

Summary by fund type

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Support costs - 59,379 59,379 53,844
Direct costs 8,820 140,700 149,520 148,931
8,820 200,079 208,899 202,775
Total2020 448 202,327 202,775
Analysis of expenditure by activities
Activities
undertaken Support Total Total
directly costs funds funds
2021 2021 2021 2020
£ £ £ £
Support costs - 59,379 59,379 53,844
Direct costs 149,520 - 149,520 148,931
149,520 59,379 208,899 202,775
Total2020 148,931 53,844 202,775
  1. Analysis of expenditure by activities

Page 13

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Total Total
Pre-School funds funds
2021 2021 2020
£ £ £
Staff costs 143,213 143,213 139,209
Classroom consumables 3,999 3,999 7,936
School trips 187 187 53
Groceries and milk 2,121 2,121 1,733
149,520 149,520 148,931
Total2020 148,931 148,931

Page 14

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Total Total
Pre-School funds funds
2021 2021 2020
£ £ £
Staff costs 25,661 25,661 23,505
Depreciation 6,033 6,033 6,080
Insurance 1,723 1,723 1,789
General expenses 3,881 3,881 3,570
Advertising 216 216 216
Premises expenses 16,820 16,820 12,311
Training 330 330 715
Accountancy fees ; 1,399 1,399 1,349
Legal fees 1,468 1,468 1,494.
Loss on disposal of fixed assets 2 2 -
Subscriptions 1,018 1,018 1,213
Consulting - - 307
Office costs 828 828 1,295
59,379 59,379 53,844
Total 2020 53,844 53,844
9. Staff costs
2021 2020
£ £
Wages and salaries 164,936 158,754
Social security costs 2,364 2,227
Pension costs 1,574 1,733
168,874 162,714

Page 15

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

  1. Staff costs (continued)

----- Start of picture text -----
The average number of persons employed by the charity during the year was as follows:
----- End of picture text -----

----- Start of picture text -----
2021 2020
No. No.
Supervisor 2 1
Deputies 1 1
Teachers 9 6
Administration 3 2
General maintenance 1 1
16 11
----- End of picture text -----

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 August 2021, no Trustee expenses have been incurred (2020 - £148).

Page 16

THE LADYBIRD PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

11. Tangible fixed assets

Fixtures and Other fixed
fittings assets Total
£ £ £
Cost or valuation
At 1 September2020 30,669 42,319 72,988
Additions 2,853 - 2,853
Disposals (420) - (420)
At 31 August 2021 33,102 42,319 75,421
Depreciation
At
1 September2020		 23,222 30,571 53,793
Charge for the year 2,370 3,663 6,033
On disposals (418) - (418)
At 31 August 2021 25,174 34,234 59,408
Net book value
At 31 August 2021 7,928 8,085 16,013
At31August2020 7,447 11,748 19,195

Page 17

THE LADYBIRD PRE-SCHOOL

Ss

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

12. Debtors

2021 2020
£ £
Due within one year
Trade debtors 1,168 1,558
Prepayments and accrued income 882 993
2,050 2,551

13. Creditors: Amounts falling due within one year

2021 2020
£ £
Other taxation and social security 981 695
Other creditors 435 444
Accruals and deferred income 23,471 17,481
24,887 18,620

Page 18

aee

THE LADYBIRD PRE-SCHOOL

SNE NN CCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

eee

  1. Statement of funds

Statement of funds - current year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at|1| |September|Transfers|Balance|at|31| |2020|Income|Expenditure|in/out|August|2021| |£|£|£|£|£| |Unrestricted|funds| |Designated|funds| |Designated|Funds-|all|funds|4,046|1,756|(4,365)|779|2,216| |General|funds| |General|Funds|187,194|164,931|(195,889)|(779)|155,457| |Total|Unrestricted|funds|191,240|166,687|(200,254)|-|157,673| |Restricted|funds| |1:1|Student|Support|46|8,620|(8,620)|-|46| |Milk|Fund|-|200|(200)|-|-| |Total|of funds|191,286|175,507|(209,074)|-|157,719|

----- End of picture text -----

Milk fund represents grants received towards the cost of milk for the children.

The 1:1 student support represents grants received towards the cost of one to one support for special needs children.

The designated funds are as follows:

a

Page 19

THE LADYBIRD PRE-SCHOOL

ee

———————————EE—E——EE———E——E

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

14. Statement of funds (continued)

Statement of funds - prior year

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Balance|at|Balance|at| |1|September|Transfers|371|August| |2019|Income|Expenditure|in/out|2020| |£|£|£|£|£| |Unrestricted|funds| |Designated|funds| |Designated|Funds-|all funds|19,571|-|(1,965)|(13,560)|4,046| |General|funds| |General|Funds|188,409|185,867|(200,642)|13,560|187,194| |Total|Unrestricted|funds|207,980|185,867|(202,607)|-|191,240| |Restricted|funds| |Milk|Fund|-|448|(448)|3|-| |1:1|Student|Support|46|-|-|-|46| |Total|of funds|208,026|186,315|(203,055)|-|191,286|

----- End of picture text -----

Page 20

nna

THE LADYBIRD PRE-SCHOOL

SOO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

eeeee

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted Unrestricted Total
funds funds funds
2021 2021 2021
£ £ £
Tangible fixed assets - 16,013 16,013
Current assets 46 166,547 166,593
Creditors due within one year - (24,887) (24,887)
Total 46 157,673 157,719
Analysis of net assets between funds - prioryear
Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ £ £
Tangible fixed assets - 19,195 19,195
Current assets 46 190,665 190,711
Creditors due within one year - (18,620) (18,620)
Total 46 191,240 191,286

16. Operating lease commitments

At 31 August 2021 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

2021 2020
£ £
Amounts payable:
Within 1 year 6,620 6,620
Between 1 and 5 years 26,480 26,480
After more than 5 years 57,373 63,993
90,473 97,093

ee

Page 21

=

THE LADYBIRD PRE-SCHOOL

STLeee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

aen

17. Related party transactions

The children of some of the Trustees attend the nursery. The children's attendance at the nursery is on the same terms as other children in their age groups.

Page 22