CharSly Reglstratlon Numbèr.. 40398&0 SUNNY CORNER PRE~SCHOOL UNAUDITED TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 SUNNY CORNER PRE-SCHOOL CONTENTS Pagè Independenl Examlners. Report statament of Financial Actlvltles Balance Sheet Notes to the Accounts 4-10 SUNNY CORNER PRE-SCHOOL INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF SUNNY CORNER PRE-SCHOOL I rèport to the Iru8lees on my gxamlnation of thè aGeounls of Ihg abDV& charlly lor the year ended 31 August 2023. Respocllve r8sponslbllitles of Érustees and examlner As the ¢harilJls trustees, you arg r9sponslblè for the preparallon of tha accoun18 In a￿[dance wlth th& requiTomgnls of the CharS118s Act 2011 I"Ih6 Act"). I report in respect ol my examlnallon of the Trust's aecouiils carried out under secllon 145 of the 2011 Act and In carrylng out my oxamin211on, I have followed all the appllcable Dlrecllons olv8n by the Charity commissi￿ under s8Ctlon fj4515llbl of th8 AGI. Indopondent examlners, stalemenl I have completed my examination. I conllm) Ihst no material mallers hav& comè lo my altenllon In connecllon wlh tha oxamlnatlon whlch give me cause lo belleva that In, any material I'esp6¢1,' the ac¢ounting records were not kept In accordanee wllh secllon 130 of th8 Ch8rill&s A¢t', or the accounts dld not sceord wilh Ihe 8¢countlng ra0￿d$,. or the 8ocounts did not COMFAY wllh the appllcablg r8quir8menls eoncernlng the fomi and contents of accounts set out In the Char1119s (Acaounls and Reports) R8gulatlons 2008 other than any requlromonl that the accounls giv& a 'truo and falrf wew which is not 3 maller considered as parl of dn Indgpend8nt xaminalion. I have no conoerns and hav8 come across no other matters In connection wlth the exarnlnallon to whlch attention should be drawn in thls rÉport In order lo enabl8 a proper underslandSng of the accoLtnls lo be reached. 7IAov Mr N Hallam FCCA CTan8 & Johnston Ch8rtered Cartlfied Account8nls fjl Alvèrton Tèrrac P@nzanc&, Cornwall TR18 4JH SUNNY CORNER PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 34 AUGUST 2023 UnYèÉtrlcled Restrlcled Funds Total 2023 Tolal Notes Funds 2022 Incoma Iiicoix6 Irom ¢harflabte actlvlllès.. Fees Local Aulhodlyfundlng othèr Income 6,02 60.231 20 6,021 BO,231 20 8,185 71,146 70 Olhèrtradlno aCttvl￿eS Fundrgl¥lng 705 705 387 Inveslments Bank Interest 337 337 28 To181 Income 87,314 67,314 79,814 Expendlturt Qhaillabl8 act1￿￿￿$ Olher- govern8n¢e ¢ogls 79,218 1,395 79,216 1,395 73,083 1,339 Total 6xpendlture 80,611 80,611 74,422 N8t lexp8ndltur8lnncorne 1fj3,2971 113,297 5.392 Transfers ￿tween fund8 Net movèmtrnt In funds 113,2971 113,2971 5,392 Reconclllatlon tsf funds Totsl funds broUghtfoN￿rd 161,623 161,623 166,231 Total fuTrds carrlBd IDnv8rd 148.326 148,326 161,623 The slglement of fln8Dclal actlvllles Inrludes all galns and 106$es recogn186d In Ihe year. All Incom6 and expendlture dadv8 frorn conllnulng gcllv1118S. SUNNY CORNER PRE-SCHOOL BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Notes Flxod Asststs Tangible As59ts 39,025 41.3f6 urrenl A580t8 Debl(Ks Gash 318ank and In hand 1,OBf 109,475 1,523 120,139 ddO,556 121,662 Creditors: amounts falllnu due wltliln On6 year {1,2551 11,3561 Net Currènt a5g&ts 109,301 120,306 Net as5el$ 148,326 161,623 Thé funds ol tho Charfly: Unraslrfcled funds.. Deslgnated IiJnd8 Olher charit&ble funds 35,000 13,326 35.000 126,628 Total tharlty funds 10 48,226 161,623 ThE> no18s on th8 fo1bv￿ng pagos form pail of thasa flnand21 slatém8nts. The BCGounls weiD approved bylhe btsord ol Irusl88s on *..1,.3..1..1D..I￿. and slgned on thalr behalf by,, Rachel RlchBrds, Tr￿188 Lucy W8llB. Trustee SUNNY CORNER PRE.SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 A6¢0Ulltlng poSl¢l•s 8￿mM￿ry ol slgnlllcanlAccounllng poliGlè$ and key a¢countli￿ osllmale8 Th6 prlnclp81 accountlng polldes app11ed In the praparollon of ihB8è financlal 51al8monts aro s&1 oui below. Thea8 pollcl8s hav8 been conslsl8nllyapp118d lo all iho years pre¥fynled, unless olhètwJs6 slated. Basls of preparatlon Tho flnanclal slatamnts h2v& been prepared In accordancè vAth AcGounUng and Reportlng by Churilltrs.. Slttemanl ol Recortth£nded PrBc*lca. ChBrltles SORP IFRS 1021, Iha Fln3ncls1 Raportlng S18ndErd BpNl¢abb In Iha UK 8nd Republltsol IrelaThl. Sunny Corn&r Pre-scho￿ me81¥ the defin11￿On of 2 publlc bBnolll *n￿lY under FRS 102. A£8els and Ilabllllies arg In1118lly rL￿￿Onks￿d Bl hlst(wlcal ¢051 or Irongadlon welua unless olhetwlsg Slatèd In Ihe relèvant ac¢ouiillng pollcy nol8S. Gtslnu ¢ono•r The llnanGI81 Slatem￿lS havg bean preparèd on a oalng uneern basls. Thwe 9r& no mBt8rlBI uncertalrtles ralalèd 10 8v8nl$ or¢ondlUon$ th41 M¥y￿st doubton Ihe thbmlly of thb Ch8rlly io convnue as 8 golng rw¢em. 1￿come and endowments Volvntary Incotne, Incjudlng don811on$, glfls, legades 81¥d grgn18 IhBI provide cora fundww or 8rB of a oanerdl naliire Is recognlsed when th8 Lharlty has eniluemoiil lo th8 Income,11 Is piob8blg Ihal the Inoome ￿11 be recefv£d and Ihe amDunl can be mÈa8urp.d ￿1h 5ufflcienl tellthlllly. Don8tlon6 aiid legaclp5 DDna1l(￿S and legdd* are reoowloed on 8 reL8lvable basls whan recelpl Is probable 8nd Ihe amounl cgn b9 rBllgbly tnea8urBd. Granls rècÈlvsbl8 Granis gre recognlsed when Ihg cha￿tY l)BS an Bnlllk)menl lo the funds a￿d any condlknns Ilnkéd to th6 g￿nts have b8an mel. Whfyre perfarm8nce coDdlUons are all￿h￿d to tha grant and gra yet lo be Met. the I￿￿8 Is rawnissd 811ablllyand Inolud$d ￿ th8 bglanee 8h881 as d8f8rred Incomè lo b8 rel88s8d. Donated &brAoes a￿d fa¢llltlo$ In attordancewllh Uie SORP IFRS 1021, Ihe Ilme provldgd bygeneral volunieer8 Is Mt r8cognls8d. Invostmonl Incomo InvEslmÈnl Income Is reC￿an￿ad on a racelvabkg b8sls ChaT51able acllvStles Inctrme from ¢har118bl8 a￿￿[leS Include5 IncDm& wopnlsed as earned las the rdBled goods or 8Èrvk6$ ore priwld8dl uDderu>ntract. Olh&r Incomè Malarlal incom1no re5aurGo5 frun 19x clglms 8rè Includ8d Ihtt St&lwnenl of Flnsnclal Acllvlllo5 81 Ihe 68rne lime glft lowhich IhBy reialg. SUNNY CORNER PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Expendilure All expBndlur$ 1$ rscognlsed once Iherb Is 8 16gal or ¢onslrucUve obloallon io that exp￿d(lUT6., 11 Is probable selllameni 18 raqulrsd., aiid th6 amounl ¢8n be measured rpllably. All cos1& Bre allocaled la IhÉ oxp#ndllure haadl that aggreg8lG E1mllar COSIS io Ihal calellory, Wher6 oost$ cannot bg dlre¢lly 611rlbuled lo partl¢ular htradliiqs they hav8 b66n 8lloGat64 on 8 bas18 ¢orn%lftentvAlh the efrasourcts, Mdlh ¢$nlr¢l stall eosls 911ooBl8d on thé ba$1$ of tima spenl. and depr£claUon chayggs allo¢8l£d on Ihe poriitsTr of Ihe asseV5 Ustt. Olher suppori costs are allo&4led based on the spread ofslaff c05ts. R2lslng tuiids Costs ofganerallng funds ar8 fhe OSSDdBlbd wllh Bllracllno voluntary I￿(￿M￿. CharIldb￿ expendllure ¢ompilse8 Ihg82 costs Incurwd by lh$ Charlty h lh6 dellvery of ILS gcllvlUe5 and setvlcas for lis b£Dan￿or1•s. 11 Includes bolh casis Ihal can be ellocaiad dlroct(y to such snd those ¢03ls of gn Sndlracl nalure nécessary lo support iham. Support costs Suppori costs IrLdude c6Dlr81 funGllon8 and boèn alk*cated to a¢lM¢y c091 caiégorles on a basis canslstenlwllh tha us8 of r8SOU1C85. fDr alloGJlliio slaff wsl8 by sp&￿1 Ènd dherc081s by Ihelrusage, c0￿Manc￿ CDvemanoÈ t.n8L% Incluoe costs of the preparallon and gxBmlnaUon of Ihg sialvloFy accounts, Iha cosis of trusie8 rn88tIDgs Ènd IhÈ co8lof any16gal io Iruslees on governanc6 or¢onsdlLrtion81 mallers. Irre¢overdble VAT Ir¥ecover8blB VAT Is G￿rgod agalnslthe ¢alegoryaf res(￿rCes •xp8nd8d forwhlch11 w8s Incu￿0￿. Taxlltlo The chadtyls cu*51rt8rod lo pa$s IhÈ lesls out In Paragfaph I Sthodulo 6 of Ihe Flnance Act 2010 8nd Ih8r£for811 mee18 IIE d0finlUon of a charity for IIK ￿￿1parAtIon Igx pwposas. Accordlngly, Chirlty15 polÉnUally WAempl fro laxallon In iespeGI L¥f 5nco¥n8 or 03pllal gdlnb iewlYEA wluiln ￿te9(￿e8 coveTod by Chapl8r 3 Part 11 01 Ihe Corporalon Tax AGI 2010 oi SecAlon 258 of th6 Taxallon ol Chargeabl8 G£lns Act 1992. lo Ihg exlBnt thal sud) Inox)tng orgelns 8rè èppll6d exGlutslv$lytr> oharflob18 purpos&8. TAnglble flxed assots and depreclallon TanglblefixBd ass81s ars slaled al ¢oBI1o$s dbpwclaii(ML Depred3llon Is provlded al late5 ealculat9d to wrtLe off th8 costless asllmalod rtysldual v¥luÈ of each 88581ov9r Ils expectod u%oful Illa, as follows.. IndI￿dual fixed asset9 cos15ng £100 01 mare Ér8 caplla118ed al cosl Fumllu16 8nd equlpnient Computsrs L@qséhts5d bttlldlnGS 20.10 perannum tsn a reduGlnu b¥lan¢8 b8$lB 251￿ PgT8nnum on È r￿U¢l￿g bal8n¢6 ba$ls 5% par annum on 8 T8￿c]ng balance bas1$ Gash 81 bank and In hattd Cash at bank and In h8nd Includes ￿￿h and Sh￿ term hlohly Ilquid inv88knenis th81 Bre rBadlly tr)nv¢rflble to a known Bmounl of ¢a$h alld 2re sublecl lo an Inslgnllloani r45k of thange Invalue. SUNNY CORNER PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Trade crédllors Yrade eredlior8 8r& obllgaUon8 lo pay for wods or serwc9s that have bean affjulred In Ihe (￿fjnary coursB Df buslno$5 from 2uppll8rs. ArLounlB payable are C￿EsSI￿d as wrr8nl IlabllllleB 11 Ihe Cliarfty doès nol h8ve an uncondiihnal rlght, Èl the end tsl Ilie rewjrting p8rlDd. lo dèfar seiUomenl of Ile cradltor lor Al least Iw8lv9 rnonth¥ alter Iha 19pori￿ng d8la. If there 18 an UnP￿nd11￿0nal rlghl to d8fer settlement for at le&sl ivtlve months anei the eporilno d818, they arg pres&Dlad as rK)n-curienl118blllUes, Tiade cr8dllors aro recoqnlsed Inlllalty al tr8n88dkon prfGO and subs8quenlly measured 818rnortlsed cost Ihe elladTr¢e In19resl malhod. FlrianBltl Instrumehls The th#r11yonly has flwnclal &55È1s and flnandal Ilablllllas of a klnd ihal quallfy as bBslc fln8nclal Inslwm¢nls. BaBI¢ n8MdBI inslrum8nl$ 8r8 Inlllally re￿9￿128￿ 91 Iran58cllon valu8 and sub$w4u&nlly meE&ured al Ihelr Èelll&m8nt lue. Fund accoufjtln Unre51rlckd funds ars donallons and olhar INcoNkng reS￿leaS recÉlvablo or ganeraied lor thg ablecls of thè ch8rlLy wlthtsul futhar speellled putposa aiid are avallable a8 gener81 funds. Deslunaled funds Is a prO￿S￿on mad8 lor r8dundanGy c08ts and rep￿￿en15 liansfets from unreslrtcled [￿ndS $5 agreed bylhe Tru$l&e$. Rètsidotcd fund8 8re subl8el lo 8pedflc condlUon¥ by ¢Junors snd grani maklno bodles as lo how ihey may be u88d. Yhe purposgs and us?s ol the res1rf¢19d funds ar6 Sèiout In the notes lo Ihg Rccounts. SUNNY CORNER PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 2 Trusle?s Nong c>f th£ tsustqBs lot anyp¥8ons CDnn8cted wlth them) recelved any rémungrallon 01 were (olm￿r$$d $%p&nse durfng tlig year. ExpgndllurÈ ¢>n Cliarltable Acllvllltss Day care 2- 5 years-. 2023 2022 Sal8rl8S Promlses c0519 Toys and equlpmenl T£18phon8 and $lollonery Sundrles Support cosis Inole 41 45.257 9,096 1,560 026 84e 21,53¢ 42,660 2,785 I,IM8 457 20,143 73,089 SUNNY CORNER PRE-SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 An•lysls of8upport Costs Pr¢porty otho cDs15 & Flnanca st&ff Toial Chailt8ble aGilvllles Olher-govÈrn8n¢e ¢osls Inol8 51 14,464 397 4.112 2,954 998 21,530 1,395 14.a61 4.112 3,052 22.925 AIi8ly8ls of governance o