OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

CHARITY NUMBER: 1040505

HARDEN PRE-SCHOOL

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

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 2022

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER: 1040505 TRUSTEES: John Miles Celine Kicks Rebecca Routh Helen Rayner Juliet Vo Candice Kormoczi Karen Clarke (Nominated Individual) 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 2022, 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: 10th November 2022

Page 2

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

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 2022 the charity held reserves of £134,075 (2021: £130,249).

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 2022

TRUSTEES ANNUAL REPORT (CONTINUED)

TRUSTEES

The Trustees who acted during the year were as follows.

John Miles Celine Kicks Rebecca Routh Helen Rayner Juliet Vo Candice Kormoczi Karen Clarke (Nominated Individual)

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

10th November 2022

Page 4

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

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
2022
2022
2022
£
£
£
121,713
121,713
112,509
112,509
3,027
3,027
937
937
238,186
238,186
233,892
233,892
468
468
234,360
234,360
3,826
3,826
3,826
3,826
130,249
130,249
134,075
134,075		 Prior Year
funds
2021
£
111,634
55,431
2,269
612
169,946
165,441
24
137,162
4,481
4,481
125,768
130,249

Page 5

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

BALANCE SHEET

Note
Current assets
Cash at Bank and in hand
Total current assets
Creditors: amounts falling
due within one year
Net current assets
Funds of the Charity
Restricted income funds
Unrestricted funds		 Unrestricted
Restricted
Total
funds
income funds
funds
2022
2022
2022
£
£
£
147,827
147,827
147,827
147,827
13,752
13,752
134,075
134,075
134,075
134,075
134,075
134,075		 Prior Year
funds
2021
£
138,105
138,105
7,856
130,249
130,249
130,249

The financial statements were approved by the trustees on 10th November 2022 and signed on their behalf by:

………………………………………..

John Miles - Chair Person

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

Page 6

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

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 2022

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 2022

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
2022
2022
2022
£
£
£
119,216
119,216
2,497
2,497
121,713
121,713
105,443
105,443
3,027
3,027
8,003
8,003
116,473
116,473
238,186
238,186
2022
£
119,216
2,497
121,713		 Prior Year
funds
2021
£
101,747
9,887
121,713 111,634
105,443
3,027
8,003		 45,289
2,269
10,754
116,473 58,312
238,186 169,946
2021
£
101,747
9,887
111,634

Page 9

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

NOTES TO THE FINANCIAL STATEMENTS

5
ANALYSIS OF EXPENDITURE
Unrestricted
Restricted
Total
funds
income funds
funds
2022
2022
2022
£
£
£
Expenditure on raising funds
Fundraising costs
468
468
Total
468
468
Expenditure on Charitable activities
Salaries and wages
163,959
163,959
Utility costs
46,677
46,677
Grant expenditure
0
0
Administration costs
4,296
4,296
Equipment and resources
1,805
1,805
Professional fees
1,122
1,122
Other costs
16,033
16,033
Total
233,892
233,892
Total Expenditure
234,360
234,360
6
DETAILS OF CERTAIN TYPES OF EXPENDITURE
6.1 Fees for examination of the accounts
2022
£
Independent examiner's fees
1,122
1,122
7
PAID EMPLOYEES
2022
£
Salaries and wages
153,942
Social security costs
8,006
Pension contributions
2,011
163,959
All employees relate to charitable actvities.
No employees were paid in excess of £60,000 during the period.
2022
Average head count in the year
13		 Prior Year
funds
2021
£
24
24
126,715
17,689
0
4,020
4,264
1,068
11,685
165,441
165,465
2021
£
1,068
1,068
2021
£
119,943
5,234
1,538
126,715
2021
12

Page 10

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

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		 2022
£
10,105
1,122
2,525
13,752
10,105
2022
£
70,000
77,827
147,827
2022
£
130,249
3,826
134,075		 2021
£
4,943
1,068
1,845
7,856
4,943
2021
£
70,000
68,105
138,105
2021
£
125,768
4,481
130,249

Page 11

HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2022

DETAILED INCOME AND EXPENDITURE ACCOUNT

Income
Nursery fees
Nursery grants
Other grants
Fundraising
Snacks & craft
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		 2022
£
105,443
119,216
2,497
3,027
4,488
1,143
0
1,435
937
238,186
161,948
2,011
1,577
0
468
32,965
10,610
1,692
1,410
1,279
2,664
2,818
3,888
228
561
1,310
577
1,405
199
4,202
1,186
240
1,122
234,360
3,826		 2021
£
45,289
101,747
9,887
2,269
3,706
1,058
42
5,336
612
169,946
125,177
1,538
4,264
0
24
6,655
8,501
1,392
1,141
1,987
933
1,889
2,335
0
291
812
526
1,331
144
2,964
2,410
83
1,068
165,465
4,481

Page 12