Annual Report and Statement of Accounts
For Year Ending August 31[st,] 2021
Registered Charity in England and Wales No. 1038574
Annual Report for the Year Ending August 31[st,] 2021
Trustees Report
The trustees of Cherry Tree Pre-school present their report and the financial statements of the Pre-school for the year ending August 31[st,] 2021.
Cherry Tree Pre-school is a registered charity governed by the constitution adopted on 14[th] March 1994.
Charitable Objectives
The objectives of the Trustees and staff of Cherry Tree Pre-school are to:
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Provide high-quality care and education for children below statutory school age
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Working in partnership with parents to help children to learn and develop
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Add to the life and well-being of the local community and
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offer children and their parents a service that promotes equality and values diversity
Cherry Tree Pre-school objectives are achieved mainly by learning through play and establishing strong communicative links with parents.
Organisation
Cherry Tree Pre-school is a committee led and administered by the following trustees:
Mrs Kelly Pullinger Mrs Tracey Kendall – Treasurer and Child Protection Officer Mrs Robyn Lambourne - Secretary Mrs Alison Owen Miss Lucy Cutler Mrs Rachel White
Cherry Tree Pre-school employs three members of staff, to whom day to day management is delegated in conjunction with the Trustees. Trustees are appointed each year at the Annual General Meeting.
1
Review of the Year
This year under new management we have been able to increase our opening times. Our Pre-School now offers varied start and end times giving our Parents increased flexibility to suit their needs. We ended the Summer Term with 24 children on the books. 8 of which are moving on to Primary School. Early years funding increased to 2yr £5.36/3yr £4.60 from £4.45 per hour.
Fundraising and donations were affected due to another year of covid-19 playing a big part in events being cancelled. However, the pre-school remained open again fully for our Children.
We managed to keep our premises maintenance costs in line with last year, We will continue to look towards managing costs and keeping them to a minimum.
Pay is in line with the national minimum wage and a Pension scheme is in place for those members of staff who fall within the criteria.
The savings account continues to earn a little interest each month.
The bank balances totalled £25,406.61 as of 31[st] August 2021. Cash in hand stood at £273.60. An uncleared expenditure of £154.76 has our end of year funds totalling £25,525.45.
Reserves
One of the Trustees' financial aims, for some time, has been to be in the position to be able to have a yearend figure high enough to cover the overheads of the pre-school for a period of 4 months. We have managed to continue to have the funds available to do this. With the recruitment of our new manager, we have managed to increase our opening hours and give great flexibility to our families. This has seen an increase in children and we are happy to say that we broke even this year. We also have our redundancies payments of £7,000.00 in our reserves.
Approved by the Trustees
Chair
Treasurer
Date ……………………………….
2
CHERRY TREE PRE SCHOOL REGISTERED CHARITY 1038574 RECEIPTS AND PAYMENT SUMMARY FOR THE YEAR ENDING 31ST AUGUST 2021
| Unrestricted | Restricted | Fundraising | Total Funds | Last Year | Change | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| Receipts | ||||||
| Fees and registration | 11,536.17 | 11,536.17 | 3,966.06 | 7,570.11 | ||
| Grants received | 38,150.85 | 38,150.85 | 23,005.56 | 15,145.29 | ||
| Donations/Sponsorship | 319.00 | 319.00 | 1,370.56 | -1,051.56 | ||
| Milk refunds | - | - | 35.16 | -35.16 | ||
| Sundry Income | 191.70 | 191.70 | - | 191.70 | ||
| Bank interest | 2.44 | 2.44 | 13.97 | -11.53 | ||
| Cherry Tree Uniform | 88.00 | 88.00 | 143.00 | -55.00 | ||
| Tennis | 48.00 | 48.00 | - | 48.00 | ||
| Lingotots | - | - | - | 0.00 | ||
| Rugby Tots | - | - | - | 0.00 | ||
| Restricted | - | - | - | - | 0.00 | |
| Fundraising | 1,075.04 | 1,075.04 | 688.10 | 386.94 | ||
| Total Receipts | 50,336.16 | - | 1,075.04 | 51,411.20 | 29,222.41 | 22,188.79 |
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CHERRY TREE PRE SCHOOL REGISTERED CHARITY 1038574 RECEIPTS AND PAYMENT SUMMARY FOR THE YEAR ENDING 31ST AUGUST 2021
| Unrestricted | Restricted | Fundraising | Total Funds | Last Year | Change | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| Payments | ||||||
| Staff Salaries Incl NI and PAYE | 39,169.82 | 39,169.82 | 30,042.55 | 9,127.27 | ||
| Ground Rent | 250.00 | 250.00 | 275.00 | -25.00 | ||
| Hall Hire | - | 0.00 | ||||
| Petty Cash | - | - | 30.00 | -30.00 | ||
| Equipment | - | - | 167.06 | -167.06 | ||
| Insurance | 483.03 | 483.03 | 536.09 | -53.06 | ||
| Training Costs/Bursary | 50.00 | 50.00 | 119.00 | -69.00 | ||
| Subscriptions | 200.30 | 200.30 | 345.80 | -145.50 | ||
| Sundries | - | - | - | 0.00 | ||
| Tennis Fees | - | - | - | 0.00 | ||
| Rugby Tots | - | - | - | 0.00 | ||
| Lingotots | - | - | - | 0.00 | ||
| Planning | 1,207.81 | 1,207.81 | 396.17 | 811.64 | ||
| PP&S & IT Costs | 780.49 | 780.49 | 544.01 | 236.48 | ||
| Telephone | 694.71 | 694.71 | 460.64 | 234.07 | ||
| Cherry Tree Uniform | 397.65 | 397.65 | 215.00 | 182.65 | ||
| Scout Hut Renovation/Maintenance | 3,385.81 | 3,385.81 | 3,076.91 | 308.90 | ||
| Advertising | - | - | - | 0.00 | ||
| Milk | - | - | 32.38 | -32.38 | ||
| Subcontractors | - | - | 0.00 | |||
| Professional/Admin Fees | 2,347.50 | 2,347.50 | 2,180.00 | 167.50 | ||
| Employee Pension | 2,078.72 | 2,078.72 | 1,801.53 | 277.19 | ||
| Restricted | - | - | - | 0.00 | ||
| Fundraising | 205.83 | 205.83 | 20.00 | 185.83 | ||
| Total Payments | 51,045.84 | - | 205.83 | 51,251.67 | 40,242.14 | 11,009.53 |
| Cash Funds B/F | 10,569.16 | 797.98 | 13,998.78 | 25,365.92 | 36,385.65 | -11,019.73 |
| Net surplus/(deficit) for the year | -709.68 | 0.00 | 869.21 | 159.53 | -11,019.73 | 11,179.26 |
| Cash Funds C/F | 9,859.48 | 797.98 | 14,867.99 | 25,525.45 | 25,365.92 | 159.53 |
CHERRY TREE PRE SCHOOL
Page 2 of 3
REGISTERED CHARITY 1038574 RECEIPTS AND PAYMENT SUMMARY FOR THE YEAR ENDING 31ST AUGUST 2021
STATEMENT OF ASSETS AND LIABILITIES AS AT 31st AUGUST 2021
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| Cash Funds | 24,727.47 | 797.98 | 25,525.45 | |||
| Creditors | Fees | £ | 251.42 |
|||
| Liabilities | HMRC NI and PAYE | |||||
| Jul-21 | £ | 218.38 |
- | |||
| Aug-21 | £ | 144.91 |
- | |||
| PCS | £ | 100.00 |
- | |||
| O2 | £ | 54.76 |
||||
| Fixed Assets | Cherry Tree Hut | - |
These accounts have been prepared from the books and records of Cherry Tree Pre School and are in accordance therewith.
Signed Date
Mrs Tracey Kendall Treasurer
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CHARITY COMMISSION Independent Examiner's Report on the Accounts Section A Independent Examiner's Repoct Report to the trustees/membeis of Chafliv Nvne rnE£ pfiE £cHc>oL On accounts for the year ended EIIIEltaEII Chaiity no (if any) Set out on pages (fernembei io IfKlvde the pa9e rbumbeis ol l01110nal sheets) Respective responsibilities of trustees and examiner The charity's tiustees are responsible fof the prepaiation of the accounts. The chaiity's tiustees considei that an audit is not iequifed foi this year under section 144 of the Chaiities Act 2011 (the Chafities Act) and that an independent examination is needed. It is my iesponsibility to: examine the accounts undei section 145 of the Cha(ities Act, to lollow the p(oceduies laid down in the geneial Di(ections given by the Chaiity Commission (under section 145(5){b) of the Chaiities Act), and to state whether particular mattels have come to my attention. Basis of independent examiner's statement My examination was caiiied out in accoidance with general Diiections given by the Chaiity Commission. An examination includes a ieview of the accounting recoids kept by the charity and a compaiison of the accounts p(esented with those iecoids. It also includes consideiation of any unusual items 01 disclosures in the accounts, and seeking explanations from the trustees conceining any such mattels. The proceduies undertaken do not provide all the evidence that would be iequiied in an audit, and consequently no opinion is given as to whethei the accounts piesent a 't(ue and fail, view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention ftrèhertn (1) which gives me ieasonable cause to believe that in, any material iespect, the requirements: to keep accounting iecoids in accoidance with section 130 of the Chaiities Act; to piepare accounts which accoid with the accounting ieco(ds and comply with the accounting iequi(ements of the Chaiities Act have not been met; or (2) to which, in my opinion, attention should be diawn in oidei to enable a pioper undefstanding of the accounts to be leached. Pleose delete the words in the brockets if they do not opply. Signed Date 23•02.L£ Name srEpwErJ PLc>sS E(L Relevant professional qualification(s) or body (if any) Addiess ST Fli LeffLY Is ptfu< IDh March 2012 IER