2020-09-30-accounts - Salcombe Pre-School

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Registered charity number 1041768

Salcombe Pre-school

Report and Unaudited Accounts

30 September 2020

Independent Examiner's report to the Trustees of Salcombe Pre-School

We report on the accounts of the charity for the year ended 30 September 2020 which are set out on pages 2 to 7.

Respective responsibilities of trustees and examiner

As the charity trustees you are responsible for the preparation of the accounts

The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to

examine the accounts under section 145 of the 2011 Act;

to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) of the Act; and

to state whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our 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 those records.

It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any 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 Examiners Statement

In connection with our examination, no matter has come to our attention;

1) which gives us reasonable cause to believe that in any material respect the requirements:

to keep proper accounting records in accordance with section 130 of the 2011 Act:

and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;

have not been met or

2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Morgan Accountants Limited

Duke Court Bridge Street Kingsbridge Devon TQ7 1HX

Dated………..

Salcombe Pre-school

Statement of Financial Activities for the year ended 30 September 2020

Note Income from: Charitable activities 2 Donations Other trading activities 3 Investments 4 SHDC Grant (COVID-19) HMRC JRS (COVID-19) Other grants Total income Expenditure on: Fund raising costs 5 Charitable activities 6 Other 7 Total expenditure Net income Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward 1 October 2019 Total funds carried forward 30 September 2020	Unrestricted Funds 2020 £ 31,915 3,051 1,521 11 10,000 4,075 200 50,773 50 48,286 835 49,171 1,602 - 1,602 31,733 33,335	Unrestricted Funds 2019 £ 53,056 1,124 8,863 11 - - - 63,054 360 52,642 902 53,904 9,150 - 9,150 22,583 31,733

All activities relate to continuing operations

Salcombe Pre-school Registered charity number: Balance Sheet as at 30 September 2020 Notes Fixed assets Tangible assets 9 Current assets Cash at bank and in hand 11 Creditors: amounts falling due within one year 10 Net current assets Net assets Funds of the charity Unrestricted Funds Total charity funds 12	1041768 2020 £ 2,506 31,752 (923) 30,829 33,335 33,335 33,335	2019 £ 2,707 29,942 (916) 29,026 31,733 31,733 31,733

……………….

M Gloyns Dated……………

Salcombe Pre-school Notes to the Accounts for the year ended 30 September 2020

1 Accounting policies

Basis of preparation

The financial statements 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 financial statements 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 Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Income

All incoming resources are included in the SOFA when the charity is legally entitled to the income.

2 Charitable activities

Fees received Early learning years grant Milk reimbursements 3 Other trading activities Fund raising events/dinner money etc 4 Investment income Deposit account interest 5 Raising Funds Fund raising costs and school trips	5,909 25,920 86 31,915 2020 £ 1,521 2020 £ 11 2020 £ 50	10,333 42,393 330 53,056 2019 £ 8,863 2019 £ 11 2019 £ 360

Salcombe Pre-school Notes to the Accounts for the year ended 30 September 2020

6 Charitable Expenditure Wages and national insurance School lunches (net) and milk Rent rates and water Light heat and power Telephone and insurance Equipment and supplies Repairs and renewals Payroll costs Independent examiner's fees Sundries and refreshments Printing and stationery 7 Other Depreciation and amortisation 8 Staff costs Salaries and wages Total staff costs No of employees £10,000 to £60,000 There are no higher paid employees 9 Tangible fixed assets Balance At 1 October 2019 Additions At 30 September 2020 Depreciation Charge for the year At 30 September 2020 Net book value At 30 September 2020 At 30 September 2019	2020 £ 39,488 696 1,218 1,547 1,655 1,276 54 624 630 688 410 48,286 2020 £ 835 2020 £ 39,488 39,488 2	2019 £ 41,477 2,881 1,998 1,166 2,018 1,106 154 400 614 523 305 52,642 2019 £ 902 2019 £ 41,477 41,477 2 Equipment £ 2,707 634 3,341 835 835 2,506 2,707

Salcombe Pre-school

Notes to the Accounts for the year ended 30 September 2020

10 Creditors: amounts falling due within one year Taxation and social security costs Other creditors 11 Cash at bank and in hand Cash at bank - current Cash at bank - savings Cash in hand	2020 £ 328 595 923 2020 £ 11,119 20,583 50 31,752	2019 £ 321 595 916 2019 £ 3,602 26,290 50 29,942

12 Charity Funds

Details of funds held and movement during the year

Unrestricted Funds	B/fwd £ 31,733	Income £ 50,773	Expenditure £ (49,171)	C/fwd £ 33,335

13 Transactions with trustees and related parties

One of the trustees (Mrs L Dawson) has been paid £12,772 remuneration as an employee. No other trustees were paid any remuneration or received any other benefits.

No trustees expenses have been incurred.

There have been no related party transactions in the year