REGISTERED CHARITY NUMBER: 1036590 Rt ort of the Trugtee5 an Unaudited Financial Statements for th¢ Yur Ended 31 March 2021 for Pre•Sthool Pla bsa ith East ro Walkers Accountants LimiteAJ Aireside House Aireside B8]nesS Centre Royd Ings AveT]ue Keighley West Yorkshire BD214BZ
with Eastb Pre-school Pla rou Contents oftb¢ Finanelal Statements ror tbe ear ended 31 March 2021 Page Report of the Trte¢S Ito4 Independent Examinefs Report Statemcnt of Financiat Adiviti&s Balance Sheet Not&5 to the Financial Statements 8t014 Detailed Sthtement of Financial Activities 15to16
Em with Eastb Pre-scbool Pla rou rt of tbe Trustees tar ended 31 M#rcb 2021 for the The Stee$ present their report with the financial stsiements of the charity for the year e[ed 31 March 2021. The trustees have adopted the provisions of the Siatemeni of Recorntnended Ptaclice (SORP) 'AcuntIng and Reporting by Charitics, issued in March 2005. REFERENCE ANL) ADMINISTRATIVE DETAILS Registered Charity number 1036590 Prineip31 address Embsay Village Hall Main Street Embsay Skipton North York8hire BD23 6RE Trustees B Broughton MLi C Kelsey S Rid5dale S Andcrson J Barron C Scott S Snow H Kavanagh C Allen - resigned 19.1.21 - resigned 12.10.20 - apInted 12.10.20 Independent eMIner Andrew Day ACA Walkers Accowjtants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West YoJ*shire BD214BZ STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docment The charity is Controll by its governing documenL a d1 of trus¢ and cortstitutes an unincorpordied charity. Recruitment and appointment of Treiv trustees The tteeS of the charity are parents of the children who are nterested in running the pre- school. All thJste¢s give of their time freely and share a passion and ¢ommitment neded to erL5ure the pre school remai a suc¢ess. INductioN and trnllllDg of nev4 trnstees An irlduction meeting 15 held with the Management Committe£ and the manager. Areas covered at induction include the main obligations of a tNstre, the operatlonal fraTnewoTk for the Charity, resour¢ing and current financial position &s set out in the published accounts, and firture plans and objectives. Page I
EtThbsa with Eastb Pre-sthool Plx rou rt of the Trllsttts f r the vear ended 31 March 2021 STRUCTURE. GOVERNANCE AND MANAGEMEr Key managtment remuneratio The tnL%tees consider that senior management team comprises the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day b&sis. All trustees give of their time freely and no usiee received remuneration in the year. Detsils of key mallagelnent t*rsonnel benefits are disclosed in note 5. The pay of the senior mana8¢ment team is reviewed annually and noMllY incre&sed in accordatwx with average earnings. Risk rnanagement Th¢ trustees have a duty to identify and review the risks to 1¢h the charity is exFrfJsed and to ensure appropriate controls are in place to provide reaso[ble assurance again8t fraud and error. OWECTIVES Ai¥D AcfiviTIES Objectives and Aims Our objective is to continue providing a high-quality service at an atyordable price for the community and ¢0 continue to improve our service through car¢fvl managemeni including trainin& nwketing and self-¢valuation. Pag¢ 2
Embsa wi¢h E5tb Pre-scbool Pla rou Re rt of the Trustees for the vear ended 31 March 2021 OWECTIVES AND AcrivrriES Signifitant activities Childrell ¢8n attend from age of 2 years. The pre-school opens every week day tenn time. from 7.30am lo 5.30pm with eended opening hours introduced to h¢lp with demand from wthking parent& Government fijnding for 3 and 4-year olds is available through the pre-school lor up to 30 hours per week for 38 weeks of the year, from the temi after which they are 3 years ol(t There is also government funding available foT 2-year olds whose family meet the eligibility criteria. Government funding alone dots Tl generally cover the running costs of the pre-sch(x)l. The pre-school has a before and after sch1 club for children up to I l in order to help with the costs. The pre-school has also an Explor$ holiday club io provide a service for parents outside of t¢rm time. The setting also relies heavily upon fimdraising. The COVID-19 pandemic had a massiv¢ imwi on the Pre-school in 2020-21. All stsff expect the manager and one oth memberof staff were placed on furlough from March to September, fwstly on l(M)O/r pay March to May and th¢n 80Q/o as the end of the pandernic looked uncertain. The manager and other member of staff were paid using the Government funding money which we continued io r¢c¢ive. We were able to re-open on 8th Jun¢ 2020 for 14 chrldren with 3 members of staff, with a fourth joining for a couple of weeks. li was used mainly by childmi of key workers and vulnerable children. The out of school club remained closed until September. We re-opened in septeMr as nom)al with a full stsff team and had a very successful terni. We remained open during the lockdown in January but due to re(tuced number5 fan a rots for the staff of two weeks on and two we¢ks off except for the managerand one other memberof stsff. The GovernmenicontinueAI to pay fijnding and this was used to continue paying the Stsff IOO/o avoiding having to be furloughed again. Only one member of the pre-sthool staff ar the out of school t&wn needed to be put furlough for the Spring tern]. By Eastcr all children and all staff returned. We were able to use the village hall for the out of sch¢)ol club at a sigrJifi¢antly reduced rdte and th¢y gaveus some rent back for the April and mosi of May 2020 when we were closed. We also received ants from Yorkshire Dales Millennium and £4k discrelionary grant from North Yorkshire County Council towards increased costs due to the pandetnic. We also received grdnts towar&8 refurbishment of the kiichen area in the pre-s¢hLK)I wkn.ch w&% compl¢ted in May 2020 from Skipton Rotary and lots of fvndraising events in 2019-20. We also received a grant from Embsay Parish Council towards a new gr&5s surface in the playground which needed to be replacol as ii had become slippery and unsafr. We were disappointed to not be able th hold our Ual events and iTiPS in 202(k21 but felt this w&s 1CeSSary to keep everyone safe. Fundraising for 2021 w&s cancelled but have pIans io make up for the U#l £5k loss next yeaT. Our objective is th continue providing a high-quality servi¢e at an affordable price for the community and to ntinue to improve ow service through carefiEI management. including trainin& rnarketing and self4valuation. Page 3
Embs with Etb Pre•sehotsl Pl Re rt of the Trustees for the ear ended 31 M2r¢h 2021 OWEcfivES AND AcfIviTIFS Public benefit In shaping our objectives for the year and planning 0 activities, the trustees have Considered the Charity Commission5 guidance on public benefiL in¢luding the guidance on'public benefit.. ting a charity. ACHtEVEMENT AND PERFORMANCE Charitablt activities Emb5ay-w1th-EabY Pre-school Playgroup was bliShed in 1967 and operates from Embsay Village Hall within two designated rooms and an adjaceni outdth)r ar¢ The pre*school is managed by a voluntary management commitree are parents I carers of children atteT)ding the group. The committee is elected annually at the Annual General Meeting, which is held in Septernber. The pre-school playgroup is a ernberOf the Farly Years Alliance (previously Pre-hl LrnIng Alliance) and abides by th¢ Pre-school Learning Alliance constitutio 201 l. The aim of the pre-sch(] is to give everychild the besc possible start in life, laying a secure foundation for firture learning. By creating a partrShip with parents. and other proftssional agencies, we support everychild to fijlfil their wbtential regardless of ethnicity. culwre or religion. home language. family background. learning difficulties or disabilitie4 gender or ability. The ptE-school playgroup is committed to constantly driving to improve the quality of our setting, boih physical and eTrhotional. to achieve our vision. The pre-school is regulated by Of5ted and was l&%t inspected in March 2015 when the Setting was awdrded an 'Outstanding judgement. In F¢bry 2017 we opened an Out of School Provision which h&5 been very succe%sfvl and is well attended. All staff are highly qualified and expenen¢¢d in childcar& Three staff have a BA (Hons), one has a foundation degree. two have 2 level 3and one member of staff is working towards level 2. all relevant to early years.we also had a member of Staff working in the Out of School club with HLTS Sts15. The Manager also Early Years Professional Status. The staff continue to allend regular training in all relevanl areas to ensure skills are upt4Fdate. There are policies and procedure5 to cover all &%pects of the pr¢vscknI and these are review annuelly by the staff team and the management ommÈttee. FINANCIAL REVIEW Reseryes policy li is a requirement of the Charity Commission and the policy of the dwity to hold a financial reserve. The reserves of the chariiy are set out on the balance sheeL The level of reservewe have deemed necessary is 25Y• of annua] expelL. At thT5 level we believe thai the pre school could maintain the services that it provide5 for a per]J of 3 Mont1 whilst alternative fijnding sources could be explored. Result5 for the year This year the pre-sch¢x)I h&% IUr1ed a surplus of .498 2¢llO" Deficit of £566) ,r!z.[, Approved by order of th¢ board of tnjsiees on ...... . and S[ed on its behalf by.. C Scott - Tnjstee Page 4
endent Examiner's Re rt to the Trnstees of Embsa witb E*st Pre-stbool Pl ro I report on the accounts for the year ¢nded il M8r¢h 2021, whith are set out on pages six to fourteen. ResponsibilIti basAs of report As ihe charity's tntstees you are responsible for the PTepardtion ofthe accounts in accordance with the requireTnents of the Charities Aci 2011 (Ihe Act). I have examined your charitys accounts as required der secjion 145 of the Charities Act 2011 Cthe A¢V). In carying out my exaTnination I hav¢ followed th¢ Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. My role is to swe any material rnat have come to my attention giving me cause to believe: that accounting records wer¢ not kept as Tequml by tIOn 130 of the A¢ or that the accounts do not accord with t]N)se records" or that the accounts do noi comply with the a¢countin8 requIreents of the Act. or that there is further 1tlfornt10n needed for a proper undetstanding of the a¢unts. Independent examiner'5 sla¢emeDt I have completed my examination and have no concerns in rw of the matters (l) to (4) listed above and, in conn¢ction with following the Directions of th¢ Charity Commission I have found no matters thal require drnwing to your attention. Andrew Day ACA Wa]k¢rs Accountants Limited Air¢side House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD214BZ Page 5
Emb5a with Eastb Pre¥school Pla thteMent of FiTraneial Activities for the ear erjded 31 March 2021 31.3.21 uT¢StrIcted fijnd 31.3.20 Total funds Notes INCOMING RESOURCES JNcoming resources from generated funds Voluntary tncome Activiiies for generating fi]nds Investment income Incoming roourees from £hritbie 4¢tiviti Fees 14.045 268 81 6,828 123 104,479 120,232 Totsl incoming resour£¢s 115.873 130.661 RESOURCES EXPENDED Costs of generating fund5 Costs of generating volLll)tsry income Charltable Activities Expenses 143 1290 116,532 129,937 Total resources expendeij 116.675 131227 NET INCOMINGI{oirrGOING) RESOURCES 2.198 (5661 RECONCILIATION OF FUiWS Total funds brought forward 52.190 52,756 TOTAL Fuf4DS CARIUED FORWARD 54.388 52.190 The t¢S forn) part of the fitwKial sthtements Page 6
Emb5a with Eastb Pre4ehool Pla rou BalaDce Sheet At 31 March 2021 31.3.21 Unr¢stricted fimd 31.3.20 Total funds Notes FIXED ASSETS Tangible assets 4,364 5,454 CURRENT ASSETS Debtors Cash at bank and in hand 2,354 51.546 4,520 45,222 53.900 49,742 CREDITORS Ainounts falling due wathin one year (3.876) (3,006) NET CURRENT ASSETS 50.024 46,736 TOTAL ASSETS CURRENT LIABILITILS 54.388 52.190 NET ASSETS 54,388 52.190 FUNDS Unrestricted fiJn( io 54,388 52,190 TOTAL FUNDS 54.388 52,190 The fillancial statements were approved by the Board of Tntste&4 on .. behalf by.. and w¢re signed on its C scoit-Tntee The notes foTm part of these financial statements Page 7
Etnbsa witb Eastb Pre-vhool Pla Notes to the financial Statements for the tar ended 31 Marcb 202] ACCOUNTING POLICIES Accounting eonvtDtion The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entitie5 (effedive April 2008). the Charities Act 2011 and the requirements of the Stat¢ment of ReMmeThIed Practice. Accounting and RqM)rting by Charities. Jntoming res0r¢¢$ All incoming reSoUeS are included on the Ststement of Financial Activitie5 when the charity is legally entitled to the incorne and the amowlt can be quantified wsth reasonable awuracy. Resources expetsded Expendiwre is a¢counted for on an accnlS basis and has been c18ssified under headings that aggregate all cost related to the category. Where costs cannot be directly attn"buted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Page 8
Ernbsa wlth Eastb Pre-school Pi Notes to the Financial St2tement5- CODtinued for the tar ended 31 M#r¢h 2021 ACCOUNTING POLICI&S- eonllned TaDgible red assets DepTeciation 15 provided at the following annual rates in ordertt) WTite off each asset over its estilnated usefijl life. lrnprovements to property Fixthres and fittings - on reducing balance and ]/( on c05t - 2(Ph on reducing balance All tsngible fixed assets are * c05t le&s a¢cumuled depreciation. Co includes expenditure that is directly attributable to bringing the lssrt to the location ndItiOn necessary for it to be capable of operating in the manner iniended by management. Assets h¢ld tmder finance lease are depreciated in the same mann¢r as owned &wts. Ren¢wals. repairs and maintenance 4r¢ charged to profit and loss during the pe¥iod in which they are incurred. D¢preciation is charged so as io allocate the Cost of Lssets less their residuat 7Alue over their estimated SefUl lives, ing a mixture of methods. The d¢preciation bases are &% detailed above. The assets, rt%idual values. useffijl lives and depreciation methods are r¢viewed, and adjusted prosptIve[Y if appropriate, or if there is an indication of a SIlIficant change since last reporting date. Gains and losse5 on drsposal are detennined by comparing the pr(Ke¢ds with the carying amount and are credtted or charged to the income staiement. Impairment of fixed assets At each balance sheet date, the Company reviews the Cang alnounts of its property. plant and equipment to detern)ine whether there is any indication thai any ttems of property. plant and equip¥nent have Suffered an irnpairnient loss. If any such rndications exists. the recoverableamount of an asse4 is estimated in order to determine the extent of the impairnient loss. if any. Where it is noi p055ible io estimate the Teverab[tarnount of the assei the Company e5tima*s the r¢¢ovcrable amount of the c4Sh-get8ting unit to which the asset belongs. If the recoverableamount of an asses is estimated be less ihat its cwing amow]L the cwryying atnowjt of the assel is reduced to i(s recoverable amount. Impainnent loss is recognised Is an exp iTnm¢diately. Where an impatrn]eni loss subsequently reserve& canying aTnounl of the Lsset is increawj to the revised estimate of its recoverable amount that would have ten deiennined (net of depreciaiion) had no impairment loss been re¢ognised for the asset in the prior years. A reversal of an impainnent105s is recognrsed as ineome immediately. Taxation The charity is exempt frorn Isx on its charitsble activitie Fund aecounting Unr¢stricted fvnds can be used in accordance with the charitable objectiv¢s at the discretion of the tsustees. Restricied fimds can only be Sed for particular restricted PUTposes within the objects of the chatity. Restrictions artse when specified by ihe donor or when fund5 are Taised for particular restricted purposes. No restrithd fimd were received during the yw. Pag¢ 9
RECISTERED CHARITY f4uMBER: 1036590 rt of the Trus¢¢es XD nts for Ibe Ye*r for withEastb Pr¢-s¢h I Walkers Accounlants Limiled Aireside House Air&sid¢ Busin&%s Ccrrtre Royd Ings Avenue Keighley Wesr Yorkshire BD2141JZ
Embsa with Eastb P school ro Contents of the Financial Ststements the ear eDd 31 March 2021 Page Report of the TnL8t¢¢s 1104 Indq*ndent Examinerfs ReN)rt Statem¢ni of Finan¢ial Activities Balance Sheet Notes to the Financial Sthtements 8t014 Detailed Stst¢ment of Financi81 Activilics IS16
with E5tb Pre-5chotsl Pla ro Re rt of the Trustees r ended 31 Marf h 2021 th Th¢ trustees prescnt their rert with the financial statements of the ch#rity for the year ended 31 March 2021. Th¢ trustees have adopted the provisron5 of thc Statement of Recommended Prnttice (SORP) 'Accounting and ReportiTr8 by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS R¥glst¢red Charity number 1036590 Princip41 addr nbsdy Village Hall Main Street Embsay Skrpton North Yorkshire BD23 6RE Trustees B Broughton MLI C Kelsey S Ridsdale S Anderson J BaOn - resi8n¢d 19.1.21 S Snow H Kavanagh C Allen - resigned 12.10.20 appointed 12.10.20 Indtpend¢nt ex4mln¢r Andrew Day ACA Walk¢r5 AccountaN$ Limited Aireside House Aire5ide Business Centre Royd Ings Avenue Keighlry West Yorkshire BD214BZ STRUCTURE, GOVERNANCE AND MANAGEMEf4T Governlng documeul The charity is controlled by its governing docwnen( a dwl of trusL and C0Thlrt¢S an unincorporated charity. Recruitment and pptslnim¢nt of ntw trutee5 The 1rn51ees olthe charity are parents of the children who nteresd in rnnning the pr¢- sd)ool. All trustees give of their time freely and share 2 pIn and ¢ommithJent nc¢ded to ¢twJre the pre school remains a suc¢gss. lTrductlon Ind trininE of trns¢ees An induction meeting 15 held wth the Management Committee 2nd the rngn8ger. Areas ¢overed at induction in¢lude the main obligatiorL8 of a tsILSte< opeNional figmework for th¢ CFwity, re50urcing and curr¢nt financial position &$ set out in the published accounts. and future plans gnd objectives. Page I
Embsa h East Prfrsehool Pl ro rt of th¢ Trnste r ended 31 Mareh 2021 rthe STRUCTURE, GOVERNANCE AND MANAGEMEP Key manxgement remunera¢ion The tnJsiee5 consider that senior management team comprises the key mana8eJiient personnel of the charity in charge of directing and iontrolling, tu)ning and operating the chan'ty on a day to day basis. All tnte giveof their lime freely 2nd no trustee rccctved remuncrnion in the year. Daw"Is of key rnanagemeni personnel benefits are dIloSed in note S. The pay of th¢ senior monagerneni team is reviewtsd allnvally aThJ nornjally incre in accordance with average ¢arnings. Rtsk management The trustees hav¢ a duty io id¢ntify and r¢viewthe risks io which the charity is ex and to eUre appropriaie controls re in place to provide reasonable assurance ¥gainst fraud and error. OBJECTIVES AND AcfiviTIFS Obje¢¢ives Ind 8ims Our obj¢clivc Is lo continue providing a hi8lbquality serw¢e at an Affordable prio for the community and to continu¢ to improve our servi¢e through careful managemen( includin8 trainin& mArketing and self4valuation. Page 2
with E*stb PTtrStbool Pia rt of the Trustees ed 31 MAr¢b 2021 OBJECTIVES AND AcfiviTIES Significant activities Children ¢gn attend from the age of 2 years. The pre-school opens every week day terni time. from 7.30arn to s.30tt wtth extsnded opening hours introduced to help with demand from working parents. Government nding for 3 and 4_ye#r olds is avAilable through th¢ pre-8thcA)I for up to 30 hours per we¢k for 38 w¢¢ks or thc ycar. frotn th¢ terni after which they we 3 yea[5 Old. There is also govcrnmeni funding available for 2-)vr olds wh)se family meet the eligibility ¢riteri& Govemment funding alone doe5 not g¢nerally cov¢r the running wsts of the prSchoOl. The preas¢hool has a before and aftw school club for children up to I l in ordtt to help with the njnning Costs. The pre-school hag also an Explorers knliday ¢lub to provide o service for parents Outsid¢ of terni time. The setting also relies heavily upon ffiJndraisin& The COVID-19 pandemi¢ had a massive 1rnp on the pre-h0O1 IA 20221. All staff expect th¢ man&8er and one other member of stsff were placed on furlough frorn March to September, firstly on IOOOh pay March to May and th¢n 80Vo as the end of the pandemic looked uncertain. The manager and other member of stsff were paid using the Government fijnding money which we continued to receive. We werc able lo rc-opcn on 8th June 2020 for 14 children with 3 Inejnbers of siaff, wilh a fourth joining for a couple of weeks. It was used mainly by chIldn ofkey workers and vulnerable children. 'Ihe out of h0o1 club r¢mained closed until Scplemttt. We r¢-opened in Sep¢¢inber as nomial with a Ibll stsff learn and had a very swc¢ssful terni. We rernained open during the lockdown in January bui due to reduced numbers ran a ra for the sthff of iwo we¢ks on and weeks off excepr for the managerand one other memberof st#ff. The Governmcntcontinua to pay fjjnding and ihis was used io continue payin8 the staff IOIP/o BvoÈding havin8 to be rIoU8hcd again. Only one member of the pre.s¢hool stsff and the out of school t¢am needed to be put on (urlough for the Spring lern]. By Famer all children and all staff returned. We were able io us¢ the village hall for the out of s¢hool club at 4 Significanily reducod rat¢ and they gave1 some reni back for the April and most of Mky 2020 when were closed. We also received grants from Yorkshire DHles Millerlurn and £4k dis¢Tetionary wt frorn Notth Yorkshire County Council towards increased costs due to th¢ pandcinic. We a150 received grants towards refvrbishrnent of th¢ kitchen arca in the pre-school which was completed in May 2020 from Skipton Rotary and lots of fimdraising ev¢nts in 2019-20. We also received a grant from Embsay Parish Council towards a new 8rass swfa¢e in the playground which nets4 to bc Tepl•¢¢d as it had b¢me slippcry and unsafe. Wc were disappointed to not be abl¢ lo hold our $#1 events and trips in 2020-21 but felt this was nK¢s5ary to kc¢p everyone saft. Fundraising for 2021 was cancelled but have plans io make up for the Ual £5k lo&% next year. Our objective is to co¥rtinue providing a high-quality servtc¢ at an affordable price for the community and to ¢ontinue to improve our service through [Cl managemeni, inc1]En8 trainin& marketing and self<valuatiotL. Page 3
Embsa witb Eastb Pre-sthool Pla Re for the rt of the Trnstee5 e4r end xreb 2021 OBJECTIVLS AND ACTIVITIF Publie benefit In shaping our objeclives for the year and planning our activiti¢s. the mJstees have rL)nsideral the Charity Commission's guidance on public kn¢fiL including the guidance on bublic Lrit. nuMing a chanty. ACHIEVEMENT AND PERFORMANCE Charitable &ctiviti¢S Embsay-with-Eastby Pre-school Playgroup w&8 established in 1967 and ope¥es from Embsay Village Hall within Iwo designated rooTns and an adjaceni 0dr area. The pre-school is managed by a voluntary man2gernent e¢)mmittee who are parents I carers of ehildren attending the group. The comrnittee is elected annually at the Annual General Medin& which is held in Septrmber. The pre-school playgroup is a memberof the Early Year5 Alliance (previou51y Pre-school Learning Alliance) and abides by th¢ Pr¢-S¢hool L¢4ming AlliatL¢¢ ConsliLWiO 2011. The aim of the pre-sclMJoI is to give every child the best possible in life, laying a secure foundation for fuwre learning. By creating a paTthership with parents. and other profe88ion81 agencie5, we support every¢hild to fulfil their potential regardless of ethnicity, culture or reli8iOrt. home language, family background, l¥rning difflculties or disabilities, gender or ability. The pre-school playgroup is committed to constantly driving io improve the quality of our settin8. both physical and emotional, lo achieve our vision. The pr¢ps¢hool is regu14t¢d by Ofsted and wa$ lasi inspecied in March 2015 when the Selling was awJrd¢d an 'OUndIng jud8¢menl. In February 2017 w¢ open¢d an Out of School Provision which has been very successful and is well attended. All staff ore highly qualified and experienced in child¢are. Three gt8ff ve a BA (Hong). one has a foundaiion degree. Iwo have a level 3and one member of staff 15 workin8 towards level 2. all relevant to early years.wc also had a meinber of atr woJin8 in the Oul of &hool rlub with HLTS ststus. The Managu also Early Years Prof¢55ional Sthtus. Th¢ staff ¢ontinue io att¢nd regular tyainin8 in Jll rel¢vant ar to skills ar¢ up-to-doie. There are policies and pro¢¢dures to cover all aspects of the pre-school and these are review annually by the $tsff team and the management ¢omrnittee. FINANCIAL REVJEW Re5erve5 policy It is a requirement of the Charity Commission 9nd the policy of the ¢h¥ity to hold a financial reserve. The reserves of the charity are Set out on th¢ balanc¢ she¢t. The level of r&rY¢ we ve deemed necessary is 25% of annual expenses. At this level we believ¢ that th¢ pr¢ school could maintsin the services that it provid¢s for a period of 3 months whilsi alternative fLuvJing sourK4 could be explored. Results for the ye*r This year the pre•school has incurred a surp7 of .498 2020. D¢fictt of £566) Approved by order of the board of Ott ...... .... . and signed on its behalf by.. C Scott - Trustee Page 4
Inde nde Embsa t Examiner's Re rt to the Trnste with Eastb Pre-sthool Plav ro I report on the accounts for the year ended 31 Mardi 2021. whith are set oui on pages six to fourteen. Respon51bilffiiies and basis of report As the charity5 IllLsi¢es you are respOlIble for the prep8Nion of the accounts in accordance with the requirements of the ChaTiti¢s Act 2011 Ilhe Acty. I have examined your ¢haritys accounts as required under seaion 145 ofthe Charities Act 2011 {'the ACV). ID ¢anying out my examination I have followed the Dir¢thions given by the Charity Commission under section 145(5)(b) of th¢ 2011 A¢t. My rol¢ is to state w]thcr any maierial matters have come ¢0 my attention giving me Cause to believe: that a¢counting records w¢r¢ noi kept as rquired by s¢ction 130 of the Affj or that the accounts do noi accord with those records.. or that ihe accounis do not comply with the xcountin8 regUiTements of the Aci. or that there is further inforniation needed for a proper understhnding of the a¢¢ounts. JndepeMdeDt ¢xamin¢r's st*tem¢n¢ I have ¢ompleted my ¢xamination and have no con¢enks in respeci of the matters (l ) to (4) listed above and, in ¢onnection with following ihe Directions of the Charity Commission I hav¢ hund no matters that require drnwin8 to your attention. Andrew Day ACA Walk¢r5 Accouniants Limited Air¢side House Airesid¢ Business C¢ntre Royd Ings Avcnue Keighley Wcst Yorkshire BD214BZ Dai¢.. Pase 5
Embsa w'th Est Pre4ebool Sla for nt of Financial Activities t4r eDded 31 March 21 31.3.21 Unrestricted fimd 31,3.20 Total funds Not&$ INCOMTNG RESOURCES In¢fjming resouret$ from generated fvDds Voluntary income Aelivities fot generdting fiuM15 Investment in¢oTne Ineoming resources from th¥ritble ¢¢lvltl¢& Fees 14.045 268 3,478 6.828 123 104,479 120,232 Totsl Incoming r¢sources 118.873 130.661 RESOURCES EXPENDED Costs of zentrating funds Costs of 8¢nera¢ing voluntsry income Ch#rllable ctlvl¢ks Expenses 143 1,290 116.532 129,937 Total resourfes ¢xpended 116.675 131.227 NET INCOMINGI(OUTGOING) RF.SOURCES 2.198 (566) RECONCILIATION OF FUNIXS Total brough¢ forward 52.190 52.756 TOTAL FUNDS CARIUED FORWARD 54,388 52,190 The noies fonn part of these fitmncl statements P88e 6
with Eastb Pre• ro l Marcb2021 31.3.21 Unrestri¢ied fund 31.3.20 Total nds FIXED ASSETS Tangible assets Notes 4.364 5.454 CURRENT ASSETS Debiors Cash ai bank and in hand 2.354 51,546 4,520 45,222 53.900 49,742 CREDITORS Amow)ts falling due within one year {3.876) (3,006) NET CURRENT ASSETS 50.024 46,736 TOT AL ASSETS LESS CURRENT LIABILITIFS 54,388 52.190 r4ET ASSETS 54.388 52.190 FUNDS IlnrL'sirict¢d funds 10 54,388 52,190 TOTAL FUNDS 54,388 52,190 The financial stsiements were wroved by the Board of Tntstees on .. behalf by., . and were signed on its QITocl C Scoit-Trwiee The notes forn] part of these financial ststements Pag¢ 7
Tvith Pre-s¢h I Pl ote5 to the FiTraneial StatemeDts for th end 31 Ma¥eh 2021 ACCOUNTING POLICILS Accounting conv¢ntion Th¢ fllwicial statements have l*cn prepared under the historical cost convention. and in accordan¢e with the Financial Reporting Stsndard for Smaller Entitics {effertive April 2008). the Chariti¢s Act 2011 and the requirements of ihe Statemeni of Recommended Practice. A¢counting and Reporting by Charities. Jntomlttg resources All incoming regources are included on the stslemeI of Finan¢ial Activities when the clwtty is legally entitled to the inwm¢ and the amount can be quantifi1 with re&sonable accuracy. Resources expend¢d Expenditure is accounted for on an accruals basis and has been classifled under headin&8 that a88r¢te all cost related to the caregory. Where costs ¢annot be direcily attributed 10 particular headings th¢y have be¢n alloCad to activitie5 on o basis consisrent with the us¢ of resources. Page 8
Embski with P¥e-s¢hool Not to the FiNJncial Stai for the tar en ed ments- continued Marcb 2021 ACCOUNTINC POLICIES- ¢ontlDued Tangible flxed assets Depr¢ciation 15 provided at the following annual rat<s in order lo write off each &set over its egtimated wefjjl lif¢. Improvements to propety Fixtures and fittings - 2 on rUcing ba18nce and Ioh on cost - 2(PA on reducing balanre All tangible fixed assets are w cosi 1¢5s awmiulated depreciatiorn Q)st includes expenditure that 1$ directly attribuiable to bringing the asset to the location and condition nffessary for it to b¢ capabl¢ of operating in the manner intended by managemeni. Assets held under finance le4se are depreciaied in the same manner as owncd asset& Renewals. repairs and maintenance are charg1 io profit and loss during the penod in which they are incutTed. DepreCi10n is charged so as w allocaie the of assets less theTr residual value ovwtheir estimated useful lives. ustng a mixture of methods. The depreciation bases are detailed above. Th¢ rtsidual valu4 lives and deprectation methods are reviewed. and adjusted prospectively if 4)propriate. or if there is an Indi110n of a si8nifEcani chang¢ sinc¢ the lasl r¢porting dale. Gains and loss¢s on disposal are dermined by ¢omparin8 the proceeds with the ethTryin8 amouni ond are cr¢dited or ¢harged io the income sthtem¢nt. Impairment of1Sxed li&ts At each balan¢e sheet dale. the Company r¢views th¢ Wing amounts of its prokxny. plant and equipment to d¢termin¢ wther there is any indica(ion thit any items of property. plant and wuipment have Stsffer an impairm¢n( loss. If any such indi(10n$ exist4 the reVerable4mounI of an asset is estimated Èn order to delem?in¢ th¢ extent of the impainneni loss, if any. Where it 15 not possible to esiimare the re¢ov¢rableamount of the asset, the Company ¢stimates the retoverable amount of the ¢ash-generntin8 unit lo 1¢h the asset belongs. Ifthe re¢oYerable8mount of on assd 1$ ¢imat¢d b¢ less that Its wrying amoun( the carying amount of the asset is reduced to its rettverable amounL Impairnwi loss is rewised 88 an expense immediately. Where an impairnieni loss subsequ¢ntly r¢s¢rve4 the carrytng amount of assd is inctrased to the revised estimate of its recoverable amount thai would hav¢ be¢n ddennined {nei of depreeiation) had no impaiment loss been rKo8nised for th¢ asset in the prior years. A reversal of an impairment loss is re8n1$¢d &$ income Immediately. T8J4tion The charity is exempi from on its charitable activiti¢s. Fund Aecounting Unre5trieicd fiJnd5 can bc in accordance with the ehgritsble objtiVC5 at the discretion of the rruste¢s. Restricted funds can only be used for partjcular r¢stri¢trd pUl5¢S within the objects of the charity. Restrictiong Bris¢ when spe¢Èfied by the donor or when are ratS¢4J for particular restricted purposes. No restricted fund were received during the year. Page 9
with EA$tb re-sehool Pla Nol lo the Financial for th tart tatemen eoDtinued Marth 2021 ACCOUNTING POLICIES- contined Pension costs And o¢her post-retir¢ment beTr¢fits The charity op¢rntes a d¢fined contribuiion pension 5chemc. Contributions payable to the charitys pension scheme are ¢harged to the Sernent of Financial A¢tivities in the period to which they relat¢. Government grants fjovernmeni grants are accounted for under the Scen1 model. Grants received relaiin8 to r¢venu¢ are recognised &% IrMe on a systematic basis over the periods in which the Company recognises the related cost for which the 8rant is intended to compensate. Grants received w gtve immediat¢ financial support are recwised as iOMe in the period in which they beme re¢¢ivable. ACTIVITIES FOR GENERATING FUNDS 31.3.21 31.3.20 Fundraising events 268 6,828 INVESTMENT INCOME 31.3.21 31.3.20 Ikpostt accouni inierest 81 123 TRUSTEES, REMUNERATION AND BENEFITS Durin8 2020. J Hirsl whilst being CThaiTperson, also volunteered #s an Pgrly Years Prd¢titioner a5 work experience for h¢r Level 3 qualificats'on. Once she had completed the qualification she applied for the vacancy advenised in S¢ptember 2019 and was offered the position so sh¢ 5rood down L8 Chairper50n at th¢ AGM in September. However, it took un¢il February 2020 before Ofs¢ed fu1]Y ConfiMd that C Scoll w&$ suitable to be Cliairperson go J Hirst had ¢0 continue as Chairperson uniil th* lime. during this time sh¢ was paid £1,294 for her work as a Co-Lead¢r, Trustees. expenses Tlwe were no trustees, expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. Pwlo
with Ea$lb s¢bool es to the F'ftancial Statem¢nts- contl d fot the STAFF COSTS 31.3.21 Wages aThJ salaries SoGial security costs Other pension costs 31.3.20 96.613 828 1.439 99,967 2,752 1,980 98.880 104,699 The avera8¢ monthly number of ¢mploye£5 during the year was as follows.. Pre school staff 31.3.21 31.3.20 No employ¢w received emoluments in ¢xc¢$5 of £OO.000. The tO¢al ernployee benefits of th¢ key manwem F¢r$onl of the Charity were £21,848 (2020.. £24,439) GOVERNMENT GRANTS Durin8 the year ihe company received the following government grants in relation to Covid 19 CoronaVin Job Retenlion Scheme £19.566 TANGIBLE FIXED ASSETS Improvements to propety Pixtures and finin8$ COST Ai l April 2020 and 31 March 2021 Totals ,469 23,675 25.144 DEPRECIATION At l April 2020 Charge for year 18.467 49 19,690 1.090 At 31 March 2021 1272 19,508 20.780 NET BOOK VALUE At 31 Marrh 2021 197 4,167 At 31 March 2020 4.364 246 5.208 5,454
with E* Pre-school P14 Notes to th FinAnei21 emeTrts- eontinued ear eDded 31 Mare DEBTOKS: AMOUNTS FALLif4G DUE WITHIN ONE YEAR 31.3.21 Trdde debtors Other debtors 31.3.20 687 1,667 4,520 2,354 4,520 CREDITORS.. AMOUTM FALLINC DUE WITHIN ONE YEAR Trade cr¢dilors Taxation and social security Other cr¢dltors 31.3.21 31.3.20 Jo 2.365 591 2.449 1,427 3.876 3,006 10. MOVEMENT IN FUNDS Net movement in fijnds At 1.4.20 Unr¢strltted fvnds Gcn¢ral nd At31.3.21 52.190 2,198 54,388 TOTAL FUNDS 52.190 2.198 54.388 Net movement in fimds, included in the above are 88 follow5.. Incoming Resources expended Movement in fimds Unre5tric¢ed fvnds General fi4 118,873 (116.675) 2,198 TOTAL FUN 118.873 (116,675) 2.198 Page 12
with Eas¢b ot to the Finantial Sta¢emettts- conlinu for the ear emd d rcb 2021 io. MOVEMENT IN FUNDS- con(Inutd Comparauves for movement In funds Net movem¢nt in funds A¢ 1.4.19 At31.3.20 Unrestrieted Funds Gencrdl fiu)d 52.756 (566) 52,190 TOTAL FUNDS 52,736 Comparaiive net movement in futth. included in the above are as follows.. (566) 52,190 Incoming resources Resources expended Movement in nds Unrejtricted funds General ryd 130.661 (131227) (566) TOTAL FUNDS 130.661 (131,227) (566) A curr¢nt year 12 months and prior year 12 months combined position is follows: Net movem¢nt in funds Ai 1.4.19 Unr¢strl¢ted funds General fvnd A131.3.21 52,756 1.632 TOTAL FUNDS 54,388 52.756 1.632 54,388 A current year 12 months and prior year 12 months ¢ombined net movement in fvnds, included in the above are as follow5.. Incoming Resources ¢xp¢ndcd Movein¢nt in fund.% UNre5tri¢ted f5 General fund 249.534 TOTAL FUNDS (247.902) 1,632 249.534 {247,902) 1,632 Page 13
wi¢h Eastb Pre-5¢hoo rou Notes to the F"na ror the cial StafemeDts- conti egr ended 3 Marh20 RELATED PARTY DJSCLOSURLS There wtte related party trans¥tion during th¢ year. Page 14
schDoI Pla t8iled Sta for the ettt of Fits4neial Af tlvlti ear tnd 21 31.3.21 31.3.20 INCOMING RESOURCLS Voluntary Income Donations Grants 6.958 7.087 3.478 Activltlu for %etterailng funds Fuiidrdising events 14.045 3,478 Investmtnl locom¢ Deposit ac¢ount intewi 268 6.828 In¢omSn8 royoure¢s from ¢h•ritable aetivltles Fees Milk Rebate NYCC Early YeS Gov¢mineni Grani$ 81 123 26.904 154 57,855 19,566 62,146 498 57,588 Total Incomln% resources 104.479 120.232 118.873 130.661 RESOURCES EXPENDED Costs of generallni volu4txry 11me Fund raising Ch*rltgble aetivitSes A551Stants S&lari&5 S(Kial se¢urity Pensions contributions Rent In5uran¢e Sundries Refre5hment5 Event and Trip expen Playgroup r¢quisites Repairs and cleaning Computer consumables Training Co$$ costs Carried forward 143 1,290 96,613 828 1.439 3,508 666 832 972 317 2,980 4.855 254 279 113,543 99.967 2.752 1.980 3,080 551 1,588 3.631 4,611 2.755 3,721 84 2,203 126,923 This page d(rs noi forn] part of the statutory finan¢ial sthtanffltg Page 15
with East Detsiled S( tement f Fi ancial A tivitles ear euded 31 Ma 021 Cknarlt4ble a¢tivlii¢s Brought forward Improvements to property Fixiures and fittin 31.3.21 31.3.20 113.543 49 1,042 126,923 62 1,302 Support costs M4n¥gem¢nt T¢lcphon¢ Post, Stationery & Adv¢rtisin8 114.634 128.287 475 895 374 1,036 Other 4 Atcountancy And le8al fe&8 1.370 1,410 To(41 rvources exnded 528 240 116.675 131,227 Net Incomel(expenditure) 2.198 (566) Thi5 page does noi forn] part of the statutory financial SteMellts Page 16