Trustees. Annual Report for the period
Period start date
Period end dale
From
To
Section A
Reference and administration details
Charity name:.
Sunny Corner Pre School
Other names charity is known by
Sunny Corner Children's Centre
Registered charity number (if any)
1039880
Charity's principal address
Chynoweth lane. St Hilary
' Penzan
.. Cornwall
Postcode
TR20 9DR
Names of the charity trustees who manage the charity
Dates acted if not for whole
ear
Trustee name
Office lif any)
Name of person lor body) entitled
toa
oint trustee
ifan
Christine Foulds
Chairperson
Treasurer
13110116 - ongoing
13110116 - ongoing
17110119 - ongoing
17110119 - ongoing
17110119 - ongoing
17110119 - ongoing
17110119 - ongoing
18110118- ongoing
Members
Rachel Richards
Members
Samantha Strick
Secretary
Deputy Chairperson
MemDer
Members
Lauren Ladd
Members
Laura Hodges
Izabela Cholaj
Ewa Hoyland
Keena Mason
Members
Member
Members
Member
Members
Member
Members
Names of the trustees for the charity, if any, (for example. any custodian trustees)
Name
Dates acted if not for whole
ear
Names and addresses of advisers (Optional infomation)
e of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional infomiationl
Manager-, Ms Jane Patching until April 2020. Marie Butts from April 2020
TAR
March 2012
..Sec.tion B
..Structure,
overnance. and.mana
Description of the charity's trusts
Pre-school Leaming Allian Constitution
Type of goveming document
How the charity is constituted
Association
Trustee selection methods
Elected by parent body at AGM
Additional governance issues (Optional infomiation)
You may choose to include
additional information, where
relevant, about..
policies and procedures
adopted for the induction and
training of trustees-
the charily s organisational
structure and any wider
network with which the charity
relationship with any related
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
Section C
Ob ectives and activities
To enhan the development and education of children under the
statutory school age and to provide quality childcare for children age 2-5
years old.
To support and advice parentslcarers.
Sumrnary ofthe objects of the
charity set out in its
governing document
TAR
March 2012
1. Pre-school education for 3 and 4 year olds.
2. ChildGare Tor 2-5 year olds.
3. Support and advice for parenucarers
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional infonnation)
You may choose to include
further statements, where
relevant, about..
policy on grantmaking.,
policy programme related
investment.,
contribution made by
volunteers.
TAR
March 2012
Section D
Achievements and performance
Summary of the main
achievements of the charity
during the year
We continued to develop our implication of the EYFS providing high
quality care and education for all children.
From March 2020 Practi was impacted by Coronavirus as the country
went into lockdown. however. we did still receive government funding for
the summer term. We were still open during the lockdown to provide
essential care for the children of key workers and vulnerable children.
Fundraising didn't happen dunng 2020 as coronavirus prevented us from
holding events.
I We continued to deliver good quality transition procedures for children
I leaving us to start primary school and reports from parentslcarers were
i all very positive with children settling well into their new classrooms.
Although we Gouldn't cary out our usual visits due to coronavirus.
We continued to implement our buildings improvement plan which will
ensure our prefab buildings are properly maintained.
Section E
Financial review
The Charity maintains a contingency reserve to cover any unforeseen
expenses or unexpected reductions in funding_ This designated reserve
currently stands at £35.000. and it is the policy of the trustees to add to
this when circumstances allow. The aim of the trustees is to hold
unrestricted net current assets sufficient to meet six months, expenditure.
At the balan sheet date unrestricted net current assets, including the
contin
enc fund, amounted to £102,679. which meets the trustees aim.
Brief statement of the
charity's policy on reserves
Details of any funds materially
in deficit
No funds were materially in deficit.
Further financial review details (Optional inforniation}
You may choose to include
additional information, where
relevant about..
the charity's principa
sources of funds (including
any fLJndraisingl',
how expenditure has
supported the key objectives I
of the charity-,
investment policy and
objectives including any
ethical investment policy
adopted.
TAR
March 2012
Section F
Other optional information
Section G
Declaration
The trustees declare that they have approved the trustees. report above.
Signed on behalf of the charity's trustees
Signaturels)
Full name(s)
Position (eg SeGretary. Chair.
etc)
CXi&flJVe
ckn,
LDS
Date
OS.02. ZDLI
TAR
March 2012
## SUNNY CORNER PRE-SCHOOL
## ACCOUNTS
FOR THE YEAR TO 31ST AUGUST 2020
JOHN C WATTS F.M.A.A.T. (Fellow Member of the Association of Accounting Technicians) ACCOUNTANCY SERVICES
2 Runnelstone Cottages, Polgigga, St Levan, PENZANCE, Cornwall TR19 6LU Tel: 01736 871408
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
|**INCOME FROM**
Charitable activities
Fees
Local authority funding
Other income
Other trading activities
Fundraising
Investments
Bank interest
**TOTAL INCOME**
**EXPENDITURE ON**
Raising funds
Charitable activities
Other - governance costs
**TOTAL EXPENDITURE**
NET INCOME (EXPENDITURE)
Transfers between funds
**Net income from the year and movement in funds**
**Reconciliation of funds**
Total Funds Brought Forward
**Total Funds carried forward**|**Notes**
2
3|**Unrestricted**
**Funds**
5,048
76,571
-|**Restricted**
**Funds**|**Total Funds**
**2020**
5,048
76,571
-
81,619
135
327
**82,081**
55
79,551
1,386
**80,992**
1,089
-
1,089
148,069
**149,158**
**£**|**Total Funds**
**2019**|
|---|---|---|---|---|---|
||||||10,784
64,523
10|
|||81,619|-||75,317|
|||135
327|||697
341|
|||**82,081**|**-**||**76,355**|
|||55
79,551
1,386|||70
70,123
912|
|||**80,992**|**-**||**71,105**|
|||1,089|-||5,250
-|
|||1,089
148,069|-
-||5,250
142,819|
|||**149,158**
**£**|**-**
**£**||**148,069**
**£**|
The Notes on the following pages form part of these financial statements
page 1
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
## **BALANCE SHEET AS AT 31ST AUGUST 2020**
|**Note**
FIXED ASSETS
Tangible Assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
NET CURRENT ASSETS
NET ASSETS
INCOME FUNDS
Unrestricted Funds
General Fund
12
Designated Fund
13
Restricted Funds
TOTAL FUNDS||**2020**
46,479
102,679
**149,158**
**£**
114,158
35,000
-
**149,158**
**£**||**2019**|
|---|---|---|---|---|
||686
115,869||677
100,430|47,900
100,169|
||116,555
13,876||101,107
938||
||||||
|||||**148,069**
**£**|
|||||113,069
35,000
-|
|||||**148,069**
**£**|
These financial statements were approved on 8th October 2020 by Rachel Richards on behalf of the Trustees
The Notes on the following pages form part of these financial statements
page 2
SUNNY CORNER PRE-SCHOOL
0
YEAR ENDED 31ST AUGUST 2020
## **STATEMENT OF CASH FLOWS**
|Cash flows from operating activities
Net cash provided by operating activities
Cash flows from investment activities
Interest
Purchase of fixed assets
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Reconciliation of net income to net cash flow from operating activities:
Net income from SOFA
Depreciation charges
Interest received
Decrease (increase) in debtors
(Decrease) increase in creditors
Net cash provided by operating activities|**Total Funds**
**2020**
16,622
327
(1,510)
(1,183)
15,439
100,430
**115,869**
**£**
1,089
2,931
(327)
(9)
12,938
**16,622**
**£**|**Total Funds**
**2019**|
|---|---|---|
|||7,164|
|||341
-|
|||341|
|||7,505
92,925|
|||**100,430**
**£**|
|||5,250
2,840
(341)
146
(731)|
|||**7,164**
**£**|
page 3
SUNNY CORNER PRE-SCHOOL
0
YEAR ENDED 31ST AUGUST 2020
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
1. **Accounting Policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Sunny Corner Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
There are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern.
## **Income and endowments**
Voluntary income, including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Donations and legacies**
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Grants receivable**
Grants are recognised when the Charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Donated services and facilities**
In accordance with the Charities SORP (FRS 102), the time provided by general volunteers is not recognised.
## **Investment income**
Investment income is recognised on a receivable basis.
page 4
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
0
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
1. **Accounting Policies (continued)**
## **Charitable activities**
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
## **Other income**
Material incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure; it is probable settlement is required; and the amount can be measured reliably. All costs are allocated to the expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
## **Raising funds**
Costs of generating funds are the costs associated with attracting voluntary income.
## **Charitable activities**
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating staff costs by the time spent and other costs by their usage.
## **Governance costs**
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
## **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible Fixed Assets**
Individual fixed assets costing £100 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
page 5
SUNNY CORNER PRE-SCHOOL
0
YEAR ENDED 31ST AUGUST 2020
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## 1. **Accounting Policies (continued)**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Furniture and equipment Computers and motor vehicles Leasehold buildings
## **Depreciation method and rate**
20% per annum on a reducing balance basis 25% per annum on a reducing balance basis 5% per annum on a reducing balance basis
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund accounting**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the Charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Financial instruments**
## **Classification**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
## **Recognition and measurement**
Basic financial assets and liabilities are initially measured at transaction price (including transaction costs) and subsequently measured at their settlement value.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amount and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled, or expires.
page 6
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued)**
|2.
**Charitable Activities**
Day care 2-11 years:
Salaries
Premises costs
Toys and equipment
Refreshments and consumables
Telephone and stationery
Sundries
Support costs (note 4)
3.
**Total expenditure**
Costs of raising funds
Charitable activities (note 2)
Other - governance costs
4.
**Analysis of Support Costs**
Costs of fundraising
Charitable activities
Other - governance costs (note 5)
5.
**Analysis of Governance Costs**
Salaries
Annual accounts preparation
6.
**Net movement in funds**
This is stated after charging - Depreciation|**Unrestricted**
**Funds**
43,839
8,067
778
15
1,159
608
25,085
**£ 79,551**
**Activities**
**Undertaken**
**Directly**
54,466
**£ 54,466**
**Management**
**and Finance**
**staff**
16,695
459
**£ 17,154**
**Unrestricted**
**Funds**
459
927
**£ 1,386**|**Restricted**
**Funds**
**-**
**Support costs**
**(Note 4)**
55
25,085
1,386
**£ 26,526**
**Property costs**
4,543
**£ 4,543**
**Restricted**
**Funds**
**-**|**TOTAL FUNDS**
**2020**
43,839
8,067
778
15
1,159
608
25,085
**£ 79,551**
**TOTAL 2020**
55
79,551
1,386
**£ 80,992**
**Other costs**
55
3,847
927
**£ 4,829**
**TOTAL FUNDS**
**2020**
459
927
**£ 1,386**
**2020**
**£ 2,931**|**TOTAL FUNDS**
**2019**|
|---|---|---|---|---|
|||||39,786
8,013
1,214
-
1,352
612
19,146|
|||||**£ 70,123**|
|||||**TOTAL 2019**|
|||||70
70,123
912|
|||||**£ 71,105**|
|||||**Total**|
|||||55
25,085
1,386|
|||||**£ 26,526**|
|||||**TOTAL FUNDS**
**2019**|
|||||342
570|
|||||**£ 912**|
|||||**2019**|
|||||**£ 2,840**|
page 7
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued)**
|7.
**Staff costs**
Gross wages and salaries
Employer's National Insurance
Employer's pension contributions
No employee received emoluments of more than £50,000.
Four employees are accruing benefits under a money purchase pension scheme.
The average number of full time employees, analysed by function, was
Activities to further the charity's objects
Management and administration|**2020**
59,550
1,443
**£ 60,993**
**2020**
4
1
5|**2019**|
|---|---|---|
|||52,315
-
870|
|||**£ 53,185**|
|||**2019**|
|||4
1|
|||5|
## 8. **Trustee Remuneration and Related Party Transactions**
No trustee received remuneration or expenses during the year.
## 9. **Tangible Fixed Assets**
|**ngible Fixed Assets**|||||
|---|---|---|---|---|
|**Cost**
At 1st September 2019
Additions in year
At 31st August 2020
**Depreciation**
At 1st September 2019
Charge for the year
At 31st August 2020
**Net Book Value**
At 31st August 2020
At 31st August 2019|Furniture &
Equipment
13,907
1,510
15,417
13,128
457
13,585
1,832
£|Computers &
software
5,816
5,816
5,228
147
5,375
441
£|Buildings
96,457
96,457
49,924
2,327
52,251
44,206
£|**Total**|
|||||116,180
1,510|
|||||117,690|
|||||68,280
2,931|
|||||71,211|
|||||46,479
£|
||779
£|588
£|46,533
£|47,900
£|
page 8
SUNNY CORNER PRE-SCHOOL
YEAR ENDED 31ST AUGUST 2020
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS (Continued)**
|10.
**Debtors**
Operational Debtors
Prepayments
11.
**Creditors: Amounts falling due within one year**
Operational creditors
Social security and other taxes
Accruals
Income received in advance|**2020**
-
686
686
£
**2020**
97
323
830
12,626
13,876
£|**2019**|
|---|---|---|
|||-
677|
|||677
£|
|||**2019**|
|||75
238
625
-|
|||938
£|
## 12. **Unrestricted Funds of the Charity**
|Balance at 1st September 2019
Movement in Funds for the Year
Balance at 31st August 2020
13.
**Designated funds**
Contingency reserve|**Contingency**
**Fund**
35,000
35,000
£
35,000
£
**Balance at**
**01/09/19**|**General**
**Fund**
113,069
1,089
114,158
£
-
£
**Transferred**
**in theyear**|**Total 2020**
148,069
1,089
149,158
£
35,000
£
**Balance at**
**31/08/20**|**Total 2019**|
|---|---|---|---|---|
|||||142,819
5,250|
|||||148,069
£|
||||||
The contingency reserve is a fund to meet unexpected contingencies should they arise.
## 14. **Analysis of Net Assets between Total Funds**
|General Fund
Designated Funds
Restricted Funds|**Net Current**
**Assets**
67,679
35,000
102,679
£|**Fixed Assets**
46,479
-
46,479
£|**Total 2019**
114,158
35,000
-
149,158
£|**Total 2019**|
|---|---|---|---|---|
|||||113,069
35,000
-|
|||||148,069
£|
page 9
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examinerfs Report
Report to the trusteesj
members of
Sunny Comer Pre School
On accounts for the year
ended
31. August 2020
Charity no
(if any)
1039880
Set out on pages
2to9
I report to the trustees on my examination of the accounts of the above
harity for the year ended 3110812020
Responsibilities and
basis of report
As the chariws trustees. you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("the Act.).
I report in respect of my examination of the Trusys accounts carried out
under section 145 ofthe 2011 Act and in carying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145{5){b) of the Act.
Independent I have completed my examination. I confirm that no material matters hav8
examiner's statement come to my attention in connection wtth the examination which give me
cause to believe that in, any material respect-
the accounting records were not kept in accordance with section 130
of the Chartties Act," or
the accounts did not accord with the accounting records- or
the accounts did not comply wtth the applicable requirements
Conrning the fomi and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ttrue and faif view which is not a matter
considered as part of an independent examination.
I have no GOnmS and have Gome across no other matters in connection
wrth the examination to which attention should be drawn in this report in
order to enable a proper understanding of the aGGounts lo be reaGhed.
Signed:
Date:
Name:
John C Watts
Relevant professional
qualification{s) or body
(if any): |
Fellow Member of the Association of Accounting Technicians
Address:
2 Runnelstone Cottages, St Levan. PenZan. Comwall TR19 6LU
IER
Oct 2018