Charity registered number 1036814
Tunstead Pre School Report and Accounts
31 August 2023
Tunstead Pre School
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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
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Report of the Trustees for the year ended 31[ST] August 2023
Reference and administrative information.
Tunstead Pre School Community Centre Haworth Drive Stacksteads OL13 0SA
The trustees for the year were:
Jane Young Jessica Kelly Nadine Lindo
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 29 children on register aged between 2 and 4 years old attending. We now also hold a extra 20 minute session –3.20 club, to help parents with children who attend the school local to us as they changed their school times.
We have 5 members of staff employed, Jane Young is still manager and Jessica Kelly is now deputy manager. We employed two extra staff members this year and two staff members have resigned.
We are full capacity this coming September.
The whole building has been upgraded and new resources provided to help and support the wide range of children we care for. Our outdoor area has also been enhanced to meet the criteria within the EYFS.
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.
2
Tunstead Pre School
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Financial statements
The accounts for the year ended 31[st] August 2023 are appended herewith. There was a net loss for the year of £3,653 (2022-£3,959).
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
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Select suitable accounting policies and apply them consistently:
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Make judgements and estimates that are reasonable and prudent; and
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Prepare the financial statements on the going concern basis unless it is
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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 24[th] June 2024
3
Tunstead Pre School
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Independent Examiners Report to the Trustees of Tunstead Pre School
I report on the accounts of the charity for the year ended 31 August 2023
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:
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examine the accounts (under section 145 of the Charities Act 2011);
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follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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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
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Statement of Financial Activities (including Income & Expenditure Account) for the year ending 31 August 2023
| 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 |
2023 Unrestricted Restricted Total Funds Funds Funds 49,351 - 49,351 13,025 - 13,025 62,376 - 62,376 64,375 - 64,375 1,654 - 1,654 66,029 - 66,029 (3,653) - (3,653) - - - (3,653) - (3,653) 10,211 - 10,211 6,558 - 6,558 |
2022 Total Funds 55,928 10,958 |
|---|---|---|
| 53,634 69,405 1,440 |
||
| 70,845 | ||
| (3,959) - |
||
| (3,959) 14,170 |
||
| 10,211 |
5
Tunstead Pre School
| ________ Balance Sheet as at 31 August 2023 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 Approved by the board on 24th June 2024 |
___ 0 623 |
________ 2023 £ 7,029 (471) 6,558 6,558 6,558 6,558 |
_ 1,711 2,527 |
2022 £ 7,029 3,182 |
|---|---|---|---|---|
| 623 (1,094) |
4,238 (1,056) |
|||
| 6,558 | 10,211 | |||
| 10,211 | ||||
| 10,211 | ||||
| 10,211 | ||||
| 10,211 | ||||
6
Tunstead Pre School
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Notes to the Accounts for the year ending 31 August 2023
- 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.
| Toys and equipment 2 Voluntary income Unrestricted Designated Funds Funds Donations 49,351 - 49,351 - 3 Trading activities income Fees 12,310 - Fundraising 715 - 13,025 - 4 Resources expended on charitable activities Rent & rates 4,053 - Administrative expenses 3,250 - Insurance 542 - Repairs 978 - Purchases 1,556 - Wages costs 52,761 - Sundry 1,235 - 64,375 - |
Not depreciated Restricted Total Funds Funds 2023 - 49,351 - 49,351 - 12,310 - 715 - 13,025 - 4,053 - 3,250 - 542 - 978 - 1,556 - 52,761 - 1,235 - 64,375 |
Total Funds 2022 55,928 |
|---|---|---|
| 55,928 | ||
| 10,958 - |
||
| 10,958 | ||
| 4,194 4,852 526 120 1,914 56,644 1,155 |
||
| 69,405 |
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Tunstead Pre School
| _____ 5 6 7 8 9 |
_____ Unrestricted Funds Governance costs Accountancy fees 1,654 Employees Staff costs include the following: Wages and salaries Other labour Pension costs Tangible fixed assets Cost 1 September 2022 Additions Disposals 31 August 2023 Depreciation 1 September 2022 Charge for the year On disposals 31 August 2023 Net book value 31 August 2023 31 August 2022 Creditors: amounts falling due within one Taxes and social security costs Due to pension company Accruals Movement in funds As at 1 September 2022 Restricted Funds - Unrestricted Funds General Funds 10,211 Total Funds 10,211 |
___ Designated Funds - year Incoming Resources - 62,376 62,376 |
_______ Restricted Funds - Equipment 7,029 - - 7,029 - - - - 7,029 7,029 Outgoing Resources - 66,029 66,029 |
______ Total Funds 2023 1,654 49,313 2,720 728 52,761 2023 £ 335 34 725 1,094 Transfers - - - |
Total Funds 2022 1,440 |
|---|---|---|---|---|---|
| 52,932 2,892 820 |
|||||
| 56,644 | |||||
| Total 7,029 - - |
|||||
| 7,029 | |||||
| - - - |
|||||
| - | |||||
| 7,029 | |||||
| 7,029 | |||||
| 2022 £ 329 187 540 |
|||||
| 1,056 | |||||
| As at 31 August 2023 - 6,558 |
|||||
| 6,558 |
8