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2020-08-31-accounts

CHARITY NUMBER: 1040505

HARDEN PRE-SCHOOL

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

CONTENTS

CONTENTS
Page
LEGAL AND ADMINISTRATIVE INFORMATION 1
INDEPENDENT EXAMINER'S REPORT 2
TRUSTEES REPORT 3 - 4
STATEMENT OF FINANCIAL ACTIVITIES 5
BALANCE SHEET 6
NOTES TO THE ACCOUNTS 7 - 11
DETAILED INCOME AND EXPENDITURE REPORT 12

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER: 1040505

TRUSTEES: John Miles Celine Kicks (previously Varty) Rebecca Routh Helen Rayner Juliet Vo Melanie Murley Gemma Edwards (Resigned 3/7/20) Candice Kormoczi (Appointed 6/11/19) Ruth Viqueira (Resigned 6/11/19) Nichola Wright (Resigned 6/11/19) Claire Khan (Resigned 6/11/19) Cheryl Edmondson (Resigned 6/11/19) Laura Wiggan (Resigned 6/11/19)

PRINCIPAL ADDRESS: The Memorial Hall Harden Bingley West Yorkshire BD16 1JP REPORTING ACCOUNTANTS: Wilkinson and Partners Chartered Accountants Fairfax House 6A Mill Field Road Cottingley Business Park Bingley West Yorkshire BD16 1PY

Page 1

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HARDEN PRE-SCHOOL - CHARITY NUMBER 1040505

This report is in respect of the accounts for the year ended 31 August 2020, set out on pages 3 to 11.

Respective responsibilities of the 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 44 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.

It is my responsibility:

Basis of independent examiner's statement

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 these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning 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 examiner's statement

In connection with my examination, no mater has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. i. to keep accounting records in accordance with section 130 of the Charities Act; and ii. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Mr P Raistrick Wilkinson and Partners Chartered Accountants Fairfax House 6a Mill Field Road Bingley, BD16 1PY

Dated: 18th November 2020

Page 2

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

TRUSTEES ANNUAL REPORT

OBJECTIVES AND ACTIVITIES

The objectives of the Pre-school are to enhance the development of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through our committee group.

The Pre-school achieves its objectives by providing education over nine sessions each week in our community building, providing a caring learning environment for a maximum of 40 children aged 2-4 years old in each session within two different classes.

On 1st April 2018 Harden Pre-school began the process of taking over Harden Memorial Hall as a Community Asset transfer from Bradford Council. This is still processing through the solicitor but we no longer pay the council rent, we receive any revenue from private hire and are responsible for the up keep and maintaining the building.

In performing the above activities, the trustees have had regard to the guidance issued by the Charities Commission on public benefit.

FINANCIAL REVIEW

At 31 August 2020 the charity held reserves of £125,768 (2019: £121,637).

It is the policy of the charity to hold sufficient reserves such that it could continue to operate should there be a reduction in the number of children attending or a need to move premises, as the future of the community building is the subject of discussion with the local authority.

The trustees consider that the level of reserves currently held is currently excessive and are in the process of reducing reserves through increased investment in staff and infra-structure.

Other than the reference made above to discussions with the local authority regarding the community building, there are no further significant concerns about the charity continuing as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Pre-school was established by a constitution adopted on 29 March 1994, amended on 11 June 1996 and 12 February 2001. More recently the Pre-school has adopted the 2011 constitution on 29 November 2013. The organisation was registered as a charity on 1 September 1994.

Trustees are appointed from time to time, in accordance with the constitution, in order to provide management and direction for the Pre-school.

Page 3

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

TRUSTEES ANNUAL REPORT (CONTINUED)

TRUSTEES

The Trustees who acted during the year were as follows.

John Miles Celine Kicks (previously Varty) Rebecca Routh Helen Rayner Juliet Vo Melanie Murley Gemma Edwards Candice Kormoczi Ruth Viqueira Nichola Wright Claire Khan Cheryl Edmondson Laura Wiggan

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Under the Charities Act 2011, the trustees of the Pre-school are required to prepare a statement of financial activities and a balance sheet for each financial year.

In addition the trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Pre-school. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud or other irregularities.

DECLARATION

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees

……………………………………………….. John Miles - Chair Person

……………………………………………….. Celine Kicks - Secretary

18th November 2020

Page 4

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

STATEMENT OF FINANCIAL ACTIVITIES

Note
Incoming resources
Grants
Charitable activities
Fundraising
Other income
Total
Resources expended
Charitable activities
Fundraising
Other
Total
Net Income/(expenditure) before
investment gains/(losses)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
funds
income funds
funds
2020
2020
2020
£
£
£
107,732
107,732
30,461
30,461
1,713
1,713
1,387
1,387
141,293
141,293
137,030
137,030
132
132
137,162
137,162
4,131
4,131
4,131
4,131
121,637
121,637
125,768
125,768		 Prior Year
funds
2019
£
114,581
40,640
3,927
537
159,686
140,100
573
140,673
19,013
19,013
102,624
121,637

Page 5

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

BALANCE SHEET

Note
Current assets
Cash at Bank and in hand
Total current assets
Creditors: amounts fallng
due within one year
Net current assets
Funds of the Charity
Restricted income funds
Unrestricted funds		 Unrestricted
Restricted
Total
funds
income funds
funds
2020
2020
2020
£
£
£
135,736
135,736
135,736
135,736
9,968
9,968
125,767
125,767
125,768
125,768
125,768
125,768		 Prior Year
funds
2019
£
131,843
110,605
10,206
121,637
121,637
121,637

The financial statements were approved by the trustees on 18th November 2020 and signed on their behalf by:

………………………………………..

John Miles - Chair Person

……………………………………….. Celine Kicks - Secretary

Page 6

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

NOTES TO THE FINANCIAL STATEMENTS

1 BASIS OF PREPARATION

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and with the Charities Act 2011.

1.2 Going concern

The trustees consider that the charity is a going concern and these accounts have been prepared on that basis.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

1.5 Material prior year errors

No material prior year errors have been identified in the reporting period.

2 ACCOUNTING POLICIES

2.2 Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when:

i. the charity becomes entitled to the resources

ii. it is more likley than not that the trustees will receive the resources

iii. The monetary value can be measured with sufficient reliability.

Offsetting

There has been no offsetting of assets and liabilities, or income and expenditure, unless required or permitted by the FRS 102 SORP or FRS102.

Page 7

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

NOTES TO THE FINANCIAL STATEMENTS

2.2 Income (continued)

Grants and donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met.

2.3 Expenditure and liabilities

Liability recognition

Liabilities are recognised where it is a more likley than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Creditors

The charity has creditors which are measured at the settlement amounts less any trade discounts.

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

2.4 Assets

The charity has no material assets other than the cash reserves which it held at the year end.

Page 8

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

NOTES TO THE FINANCIAL STATEMENTS

3
ANALYSIS OF INCOME
Donations & legacies
Nursery grants
Other grants
Total
Charitable activities
Nursery fees
Fundraising
Other charitable activities
Total
Total Income
4
ANALYSIS OF GRANTS RECEIVED
Bradford MDC - Nursery Grants
Early Years
Apprentice grant
Other grants		 Unrestricted
Restricted
Total
funds
income funds
funds
2020
2020
2020
£
£
£
99,067
99,067
8,665
8,665
107,732
107,732
20,818
20,818
1,713
1,713
11,030
11,030
33,561
33,561
141,293
141,293
2020
£
99,067
8,665
107,732		 Prior Year
funds
2019
£
113,925
656
107,732 114,581
20,818
1,713
11,030		 29,986
3,927
11,191
33,561 45,105
141,293 159,686
2019
£
113,925
656
114,581

Page 9

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

NOTES TO THE FINANCIAL STATEMENTS

5
ANALYSIS OF EXPENDITURE
Unrestricted
Restricted
Total
funds
income funds
funds
2020
2020
2020
£
£
£
Expenditure on raising funds
Fundraising costs
132
132
Total
132
132
Expenditure on Charitable activities
Salaries and wages
111,672
111,672
Utility costs
12,019
12,019
Grant expenditure
1,194
1,194
Administration costs
2,685
2,685
Equipment and resources
979
979
Professional fees
1,038
1,038
Other costs
7,443
7,443
Total
137,030
137,030
Total Expenditure
137,162
137,162
6
DETAILS OF CERTAIN TYPES OF EXPENDITURE
6.1 Fees for examination of the accounts
2020
£
Independent examiner's fees
1,038
1,038
7
PAID EMPLOYEES
2020
£
Salaries and wages
106,234
Social security costs
4,207
Pension contributions
1,231
111,672
All employees relate to charitable actvities.
No employees were paid in excess of £60,000 during the period.
2020
Average head count in the year
12		 Prior Year
funds
2019
£
573
573
109,960
13,968
956
2,539
1,689
1,008
9,980
140,100
140,673
2019
£
1,008
978
2019
£
104,737
4,305
918
109,960
2019
12

Page 10

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

NOTES TO THE FINANCIAL STATEMENTS

8
CREDITORS AND ACCRUALS
8.1 Analysis of creditors
Trade creditors
Deferred income
Accruals
Wages and PAYE
8.2 Deferred income
Grants received in advance
9
CASH AT BANK AND IN HAND
Bank deposit account
Bank current account
10 FUNDS OF THE CHARITY
Unrestricted funds at the beginning of the period
Net movement in funds during the period
Unrestricted funds at the end of the period		 2020
£
6,598
1,038
2,332
9,968
6,598
2020
£
70,000
65,738
135,738
2020
£
121,637
4,131
125,768		 2019
£
6,378
1,008
2,820
10,206
6,378
2019
£
70,000
61,843
131,843
2019
£
102,624
19,013
121,637

Page 11

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2020

DETAILED INCOME AND EXPENDITURE ACCOUNT

Income
Nursery fees
Nursery grants
Other grants
Fundraising
Fruit
Sweatshirts
Photographs
Harden Memorial Hall hire
Other income
Less:
Expenditure
Wages and salaries
Pension Contributions
Equipment
Grant expenditure
Fundraising costs
Property repairs & improvement
Light & heat
Rates and water
Insurance
Stationery
Computer & website costs
Telephone
Refreshments
Craft materials
CRB & Ofsted costs
Compliance costs
Staff training
Sundry expenses
Subscriptions
Cleaning
Sweatshirts
Trip costs
Accountancy fees
(Deficit)/Surplus for the period		 2020
£
20,818
99,067
8,665
1,713
1,453
601
71
7,518
1,387
141,293
110,441
1,231
979
1,194
132
1,505
7,829
1,884
801
1,187
987
1,458
600
0
224
1,884
803
1,291
40
533
753
368
1,038
137,162
4,131		 2019
£
29,986
113,925
656
3,927
2,669
914
62
7,010
537
159,686
109,042
918
1,626
956
573
2,814
8,259
2,094
801
1,221
1,320
1,278
824
63
164
1,538
2,720
1,121
40
1,005
905
383
1,008
140,673
19,013

Page 12