Centre pre-school Colchester Financial statements for the year to 31 st July 2021 Charity Number 1035531
Centre pre-school Colchester Financial statements for the year to 31st July 2021
CONTENTS
| Company Information | 3 |
|---|---|
| Trustees’ Report | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes | 7 |
The following pages do not form part of the statutory accounts
Accountants Report 8
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Centre pre-school Colchester Trust information for the year to 31st July 2021
Charity registration number 1035531
Trustees Lizanne Shiret Marie Wetton-Smith Sue Lissimore
Registered office
329 Straight Rd Colchester CO39EF
Bankers Nat West, 25 High St Colchester CO11DG Solicitors Birkett Long 42 Crouch St, Colchester CO3 3HH Independent Examiner Neil Loxley Accountancy Services 39 Shakespeare rd Colchester CO3 9DW
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Centre pre-school Colchester
Trustees report for the year to 31st July 2021
Centre pre-school Colchester is a charitable trust registered in 1994 and governed by a constitution which was amended in 2002, 2006 and 2009. The charity seeks to enhance the development and education of children through the provision of quality pre-school education for 2 – 5 year olds in the Colchester area.
The organisation of the work of the charity is in the hands of the trustees, an elected group, the majority of whom have children attending the pre-school. The group recruit new members by making their work and involvement known to the parties connected with the pre-school and inviting interest. New trustees are voted onto the group by the existing trustees.
During the year under review the charity has maintained its services as a pre-school provider
Financial Position
The accounts on pages 5 and 6 set out the transactions for the year. The trustees are satisfied with the overall position. The trustees are confident that the long term viability of the charity is not in question, but have established the designated fund which is the amount calculated as a liability in staff redundancy payments in the event of the charity being wound up.
Reserves policy
The trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisation and consider that the unrestricted funds held by the charity should be between 2 and 12 months expenditure.
Future plans
The trustees plan to continue and grow the activities of the pre-school in forthcoming years.
…………………………………… Trustee
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Centre pre-school Colchester Statement of financial activities for the year to 31st July 2021
| Restrict ’d fund designated funds Unrestricted funds Incoming resources £ £ £ from charitable activities Fees received - families (1) 0 20,988 Essex County Council grant 0 96,387 0 117,375 |
Restrict ’d fund designated funds Unrestricted funds Incoming resources £ £ £ from charitable activities Fees received - families (1) 0 20,988 Essex County Council grant 0 96,387 0 117,375 |
Restrict ’d fund designated funds Unrestricted funds Incoming resources £ £ £ from charitable activities Fees received - families (1) 0 20,988 Essex County Council grant 0 96,387 0 117,375 |
Restrict ’d fund designated funds Unrestricted funds Incoming resources £ £ £ from charitable activities Fees received - families (1) 0 20,988 Essex County Council grant 0 96,387 0 117,375 |
Total unrestricted & total £ 2020 |
Total unrestricted & total £ 2020 |
Total unrestricted & total £ 2020 |
Total unrestricted & total £ 2020 |
|---|---|---|---|---|---|---|---|
| 0 0 0 |
20,988 96,387 117,375 |
20,988 96,387 117,375 |
16,577 101,636 118,213 |
||||
| From generated funds Fund raising activities Interest uniform Donations / other Total incoming resources |
|||||||
| 0 0 0 0 0 |
644 3 182 235 118,439 |
644 3 182 235 118,439 |
602 42 239 125 119,221 |
||||
| Charitable expenses Staff salaries & NI costs (2,4) Staff development Rent Refreshments & consumables Local trips parties etc Toys & equipment Craft & stationery Uniforms Insurance Post stat & Tel Miscellaneous Cleaning Photographs Total charitable expenses Admin expenses - Accountancy Total resources expended |
|||||||
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
92,789 700 14,414 886 0 115 299 0 503 728 151 2,552 108 113,245 1,010 114,255 |
92,789 700 14,414 886 0 115 299 0 503 728 151 2,552 108 113,245 1,010 114,255 |
98,612 118 9,878 691 835 219 591 110 502 542 1,974 |
||||
| 109 114,181 844 115,025 |
|||||||
| Surplus for year 0 Retained profit brought forward 0 Retained profit carried forward 0 |
0 17182 17,182 |
4,184 30,013 34,197 |
4,184 47,195 51,379 |
4,196 42,999 47,195 |
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Centre pre-school Colchester Statement of assets and liabilities as at 31st July 2021
| Note £ |
£ | £ | 2020 |
|---|---|---|---|
| Current assets Bank deposit accounts Bank current account Cash in hand Total current assets |
|||
| 25,121 26,247 11 |
51,379 | 25,118 21,939 138 47,195 |
|
| Designated funds Unrestricted funds Total funds |
17,182 34,197 |
51,379 | 17,182 30,013 47,195 |
On behalf of the trustees
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Centre pre-school Colchester Notes to the accounts for the year to 31st July 2021
1. Accounting policies
The accounts have been prepared in accordance with applicable accounting standards. There were no material departures from those standards.
a) Basis of preparation of financial statements.
The financial statements have been prepared under historical cost accounting rules. The effect of events relating to the year which occurred before the date of approval of the financial statements by the trustees, have been included in the statements to the extent required to show a true and fair view of the state of affairs at the year end and of the results for the period ended on that date.
b) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. The restricted funds are as follows
B/f 0 Income & expenditure 0 c/f 0
The designated fund is an amount set aside for the possibility of redundancy payments becoming due to staff in the event of the centre closing.
c) Incoming resources
Income is included at the date the charity is entitled to that income. The value of services provided by volunteers has not been included in these accounts.
d) Resources expendable
Expenses is recognised on an actual basis as a liability is paid
e) Capital equipment
The costs of minor additions or those less than £3000 are not capitalised but fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of the asset over its expected useful life, in all cases estimated at 4 years.
2. Staff costs and numbers
There were 9 employees during the year. No employee received emoluments of more than £60,000
3. Creditors:
Amounts falling due within one year - £0, previous year: £0
4. Trustee remuneration & related party transactions
No trustee received any remuneration during the year. Apart from the benefit of the pre-school provision offered to the public, no trustee had any personal interest in any contract or transaction entered into by the charity during the year.
5. Taxation:
As a charity Centre pre-school is exempt from taxation on income and gains to the extent that these are applied to the charitable objects. No tax charges have arisen in the charity
6. Analysis of net assets between funds
| Restricted funds | Unrestricted funds | total | |
|---|---|---|---|
| Net current assets | 0 | 51379 | 51379 |
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Independent Examiner's report to the Trustees of Centre pre-school Colchester
I report on the accounts of the trust for the year ended 31st July, set out on pages 5 and 6.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the charities Act 2011 (the Act) does not apply. It is my responsibility to examine the accounts under section 145 of the 2011 Act, follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act, and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
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 act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 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
Neil Loxley
May 2022
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