REGISTERED CHARITY NUMBER: 1035097
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
FOR
THE DONKEY FIELD PRE-SCHOOL
Currie Accountancy Limited Chartered Accountants First Floor 13a High Street Edenbridge Kent TN8 5AB
THE DONKEY FIELD PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 | to | 10 |
THE DONKEY FIELD PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023
The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1035097
Principal address
Hophurst Drive Crawley Down West Sussex RH10 4XA
Trustees
Rachel Mears Chairperson James Wickerson Vice chairperson (resigned 6.10.2022) Sally Cheesmur Emily Jane Deadman Russell Dunn (appointed 6.10.2022)
Independent Examiner
I J Currie FCA
Currie Accountancy Limited Chartered Accountants First Floor 13a High Street Edenbridge Kent TN8 5AB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Russell Dunn - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DONKEY FIELD PRE-SCHOOL
Independent examiner's report to the trustees of The Donkey Field Pre-School
I report to the charity trustees on my examination of the accounts of The Donkey Field Pre-School (the Trust) for the year ended 31st August 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
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.
I J Currie FCA
Currie Accountancy Limited Chartered Accountants First Floor 13a High Street Edenbridge Kent TN8 5AB
Date: .............................................
Page 2
THE DONKEY FIELD PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| Year Ended 31.8.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 13,987 Charitable activities 5 Pre-school 163,785 Other trading activities 3 7,045 Investment income 4 301 Total 185,118 EXPENDITURE ON Raising funds 1,072 Charitable activities Pre-school 147,863 Total 148,935 NET INCOME 36,183 RECONCILIATION OF FUNDS Total funds brought forward 102,194 TOTAL FUNDS CARRIED FORWARD 138,377 |
Period 3.9.21 to 31.8.22 Total funds £ 1,799 134,920 5,847 23 |
|---|---|
| 142,589 | |
| 1,945 132,724 |
|
| 134,669 | |
| 7,920 94,274 |
|
| 102,194 |
The notes form part of these financial statements
Page 3
THE DONKEY FIELD PRE-SCHOOL
BALANCE SHEET 31ST AUGUST 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 14,586 CURRENT ASSETS Debtors 9 - Cash at bank and in hand 157,838 157,838 CREDITORS Amounts falling due within one year 10 (34,047) NET CURRENT ASSETS 123,791 TOTAL ASSETS LESS CURRENT LIABILITIES 138,377 NET ASSETS 138,377 FUNDS Unrestricted funds 138,377 TOTAL FUNDS 138,377 |
2022 Total funds £ 580 293 154,061 154,354 (52,740) 101,614 102,194 102,194 102,194 102,194 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Russell Dunn - Trustee
The notes form part of these financial statements
Page 4
THE DONKEY FIELD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost School equipment - 25% on cost
Small equipment and furniture is expensed in the year of purchase.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
The charity has no restricted funds.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
THE DONKEY FIELD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| Period | |||
| 3.9.21 | |||
| Year Ended | to | ||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Donations | 60 | 1,414 | |
| Grants | 13,927 | 385 | |
| 13,987 | 1,799 | ||
| Grants received, included in the above, are as follows: | |||
| Period | |||
| 3.9.21 | |||
| Year Ended | to | ||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Crawley Down Residents Association | - | 250 | |
| Tarana, Turners Hill | - | 135 | |
| Worth Parish Council | 750 | - | |
| Charities Trust | 500 | - | |
| Gatwick Airport Community Trust | 1,500 | - | |
| Co-op | 1,438 | - | |
| S106 funding | 9,739 | - | |
| 13,927 | 385 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| Period | |||
| 3.9.21 | |||
| Year Ended | to | ||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Fundraising events and trips | 7,045 | 5,847 | |
| 4. | INVESTMENT INCOME | ||
| Period | |||
| 3.9.21 | |||
| Year Ended | to | ||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Deposit account interest | 301 | 23 |
Page 6
continued...
THE DONKEY FIELD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
5. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | |
|---|---|
| Year Ended 31.8.23 Activity £ School fees Pre-school 162,868 Uniform sales Pre-school 917 163,785 |
Period 3.9.21 to 31.8.22 £ 134,353 567 |
| 134,920 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the period ended 31st August 2022.
None of the trustees receive any remuneration from the Trust. Any relative of theirs who attends the school does so on the same terms as any other child.
Trustees' expenses
The trustees are all members of the management committee and are closely involved in the day to day running of the charity. The resources needed to itemise the amounts reimbursed to individuals for the year exceeds the benefit derived from the information obtained.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | ||
|---|---|---|
| 3.9.21 | ||
| Year Ended | to | |
| 31.8.23 | 31.8.22 | |
| School staff | 10 | 8 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
THE DONKEY FIELD PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023
8. TANGIBLE FIXED ASSETS
| Improvements to School property equipment £ £ COST At 1st September 2022 16,845 14,026 Additions 18,000 1,447 At 31st August 2023 34,845 15,473 DEPRECIATION At 1st September 2022 16,844 13,447 Charge for year 4,500 941 At 31st August 2023 21,344 14,388 NET BOOK VALUE At 31st August 2023 13,501 1,085 At 31st August 2022 1 579 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade debtors - 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Payments on account 32,547 Taxation and social security - Other creditors 1,500 34,047 |
Totals £ 30,871 19,447 |
Totals £ 30,871 19,447 |
|---|---|---|
| 50,318 | ||
| 30,291 5,441 |
||
| 35,732 | ||
| 14,586 | ||
| 580 | ||
| 2022 £ 293 2022 £ 38,891 1,931 11,918 |
2022 £ 293 |
|
| 52,740 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2023.
Page 8
THE DONKEY FIELD PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| Period | ||
|---|---|---|
| 3.9.21 | ||
| Year Ended | to | |
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 60 | 1,414 |
| Grants | 13,927 | 385 |
| 13,987 | 1,799 | |
| Other trading activities | ||
| Fundraising events and trips | 7,045 | 5,847 |
| Investment income | ||
| Deposit account interest | 301 | 23 |
| Charitable activities | ||
| School fees | 162,868 | 134,353 |
| Uniform sales | 917 | 567 |
| 163,785 | 134,920 | |
| Total incoming resources | 185,118 | 142,589 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising costs | 1,072 | 1,945 |
| Charitable activities | ||
| Wages | 126,163 | 108,227 |
| Pensions | 1,488 | 1,989 |
| Consumables | - | 34 |
| Rent | 5,502 | 10,480 |
| Training and subscriptions | 1,293 | 1,101 |
| Small equipment and activities | 733 | 964 |
| Uniforms | 635 | 712 |
| Equipment depreciation | 941 | 579 |
| 136,755 | 124,086 | |
| Support costs | ||
| Management | ||
| Insurance | 794 | 771 |
| Carried forward | 794 | 771 |
This page does not form part of the statutory financial statements
Page 9
THE DONKEY FIELD PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
| Period | ||
|---|---|---|
| 3.9.21 | ||
| Year Ended | to | |
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Management | ||
| Brought forward | 794 | 771 |
| Telephone | 1,203 | 833 |
| Office supplies and sundries | 1,624 | 2,172 |
| Storage | 583 | 583 |
| Stationery and postage | 232 | 646 |
| DBS checks | 132 | 250 |
| Depreciation of property improvements | 4,500 | 2,363 |
| 9,068 | 7,618 | |
| Governance costs | ||
| Independent examiners fee | 2,040 | 1,020 |
| Total resources expended | 148,935 | 134,669 |
| Net income | 36,183 | 7,920 |
This page does not form part of the statutory financial statements
Page 10