Charity registered number 1036814
Tunstead Pre School Report and Accounts
31 August 2022
Tunstead Pre School
______________
Contents
| Pages | |
|---|---|
| Trustees' report | 2 – 3 |
| Independent review | 4 |
| Statement of financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 8 |
1
Tunstead Pre School
______________
Report of the Trustees for the year ended 31[ST] August 2022
Reference and administrative information.
Tunstead Pre School Community Centre Haworth Drive Stacksteads OL13 0SA
The trustees for the year were:
Ann Titley (Resigned 17/8/22) Jeanette Harris (Resigned 17/8/22) Janet Hayhurst (Resigned 17/8/22) Jane Young (Appointed 17/8/22) Nadine Lindo (Appointed 17/8/22) Sue Lindo (Appointed 29/6/23)
Structure governance and management
The organization is a registered charity operated under the rules of its constitution adopted 20[th] August 2010.
The trustees have the power to appoint/ elect new trustees. During the year, all trustees resigned and were appointed again via mutual agreement.
Objectives and activities
Provision of pre-school education.
Public Benefit
Providing a safe and enjoyable environment for pre-school children.
Achievements and performance
Tunstead Pre-school are registered for 25 children. We are open Monday to Friday, 9:00AM – 3:00PM and have at present, 24 children on register aged between 2 and 4 years old attending.
We have 4 members of staff employed, Jane Young is still the manager and Nadine Lindo is deputy manager.
We are full capacity this coming September. We are also employing a new member of staff to join our team in September.
Financial Review
The accounts have been prepared on a going concern basis.
The Statement of Financial Activities set out on page 5 shows how our funds were raised and applied during the year.
This statement separates funds, which the charity itself controls – unrestricted funds, from funds which have to be spent in a manner determined by the donor – restricted funds.
Finances continue to be well controlled as we reinvest all monies in the charity to provide the best care and educational equipment available.
Financial statements
The accounts for the year ended 31[st] August 2022 are appended herewith. There was a net loss for the year of £3,959.
2
Tunstead Pre School
______________
Reserves
The trustees believe the current net asset position is sufficient for the future needs of the organisation. However, these levels are to be reviewed annually.
Statement of trustees’ responsibilities
Charity law requires that the trustees prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the company for that period. In preparing those financial statements, the trustees are required to
-
Select suitable accounting policies and apply them consistently:
-
Make judgements and estimates that are reasonable and prudent; and
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records. Such records will both disclose the financial position of the charity at any time with reasonable accuracy and enable the trustees to ensure that the financial statements are prepared by them under section 145 of the Charities Act 2011, and that those statements of accounts comply with the requirements of regulations under that provision. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements comply with current statutory requirements and the requirements of the governing documents.
By order of the board
Jane Young
Approved by the Board on 29[th] June 2023
3
Tunstead Pre School
______________
Independent Examiners Report to the Trustees of Tunstead Pre School
I report on the accounts of the charity for the year ended 31 August 2022
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
-
examine the accounts (under section 145 of the Charities Act 2011);
-
follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiners’ report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the seeking of 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, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiners’ 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:
a. to keep accounting records in accordance with section 130 of the Charities Act; and
b. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities 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.
Daniel King (AAT) 6 The Linney Cowpe Road Lancashire BB4 7EX
4
Tunstead Pre School
______________
Statement of Financial Activities (including Income & Expenditure Account) for the year ending 31 August 2022
| Notes Incoming Resources: Incoming Resources from generated funds Voluntary income 2 Activities for generating funds 3 Total incoming resources Resources Expended: Charitable activities 4 Governance costs 5 Total Resources Expended Net incoming resources (outgoing) resources Transfer between funds Surplus/ (deficit) for year Total funds brought forward 10 Total funds carried forward 10 |
2022 Unrestricted Restricted Total Funds Funds Funds 55,928 - 55,928 10,958 - 10,958 66,886 - 66,886 69,405 - 69,405 1,440 - 1,440 70,845 - 70,845 (3,959) - (3,959) - - - (3,959) - (3,959) 14,170 - 14,170 10,211 - 10,211 |
2021 Total Funds 43,726 9,908 |
|---|---|---|
| 53,634 66,204 1,480 |
||
| 67,684 | ||
| (14,050) - |
||
| (14,050) 28,220 |
||
| 14,170 |
5
Tunstead Pre School
______________
| Balance Sheet as at 31 August 2022 Notes Fixed assets Tangible assets 7 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Net assets Unrestricted funds General Funds 9 Total funds Jane Young Trustee |
1,711 2,527 |
2022 £ 7,029 3,182 10,211 10,211 10,211 10,211 |
231 8,255 |
2021 £ 7,029 7,141 |
|---|---|---|---|---|
| 4,238 (1,056) |
8,486 (1,345) |
|||
| 10,211 | 14,170 | |||
| 14,170 | ||||
| 14,170 | ||||
| 14,170 | ||||
| 14,170 | ||||
Approved by the board on 29[th] June 2023
6
Tunstead Pre School
______________
Notes to the Accounts for the year ending 31 August 2022
- 1 Accounting policies
The financial statements have been prepared under the historical cost basis of accounting and comply with the Statement of Recommended Practice.
Funds
Unrestricted funds are those 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.
Income from trading activities
All income is accounted for on a cash basis.
Resources expended
All expenditure is accounted for when incurred. Direct charitable expenditure includes the direct costs of the activities and depreciation on related assets.
Fixed Assets
Depreciation has been provided at the following rates to write off the assets over their estimated useful lives.
| 7 Toys and equipment 2 Voluntary income Unrestricted Designated Funds Funds Donations 55,928 - 55,928 - 3 Trading activities income Fees 10,958 - Fundraising - - 10,958 - 4 Resources expended on charitable activities Rent & rates 4,194 - Administrative expenses 4,852 - Insurance 526 - Repairs 120 - Purchases 1,914 - Wages costs 56,644 - Sundry 1,155 - 69,405 - Unrestricted Designated Funds Funds |
Not depreciated Restricted Total Funds Funds 2022 - 55,928 - 55,928 - 10,958 - - - 10,958 - 4,194 - 4,852 - 526 - 120 - 1,914 - 56,644 - 1,155 - 69,405 Restricted Total Funds Funds |
Total Funds 2021 43,726 |
|---|---|---|
| 43,726 | ||
| 9,908 - |
||
| 9,908 | ||
| 3,963 4,009 516 50 3,503 53,124 1,039 |
||
| 66,204 | ||
| Total Funds |
Tunstead Pre School
| _____ 5 6 7 8 9 |
_____ Governance costs Accountancy fees 1,440 Employees Staff costs include the following: Wages and salaries Other labour Pension costs Tangible fixed assets Cost 1 September 2021 Additions Disposals 31 August 2022 Depreciation 1 September 2021 Charge for the year On disposals 31 August 2022 Net book value 31 August 2022 31 August 2021 Creditors: amounts falling due within one Trade creditors Taxes and social security costs Due to pension company Accruals Movement in funds As at 1 September 2021 Restricted Funds - Unrestricted Funds General Funds 14,170 Total Funds 14,170 |
___ - year Incoming Resources - 66,886 66,886 |
_______ - Equipment 7,029 - - 7,029 - - - - 7,029 7,029 Outgoing Resources - 70,845 70,845 |
______ 2022 1,440 52,932 2,892 820 56,644 2022 £ - 329 187 540 1,056 Transfers - - - |
2021 1,480 |
|---|---|---|---|---|---|
| 51,991 564 569 |
|||||
| 53,124 | |||||
| Total 7,029 - - |
|||||
| 7,029 | |||||
| - - - |
|||||
| - | |||||
| 7,029 | |||||
| 7,029 | |||||
| 2021 £ 103 585 17 640 |
|||||
| 1,345 | |||||
| As at 31 August 2022 - 10,211 |
|||||
| 10,211 |
8