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………..
1
## **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
2
|**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……………
3
## **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|
|---|---|---|
4
## **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|
|---|---|---|
5
## **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
6