Quarndon Preschool Annual Report Year to July 2021 ## QUARNDON PRESCHOOL QUARNDON ANNUAL REPORT YEAR TO JULY 2021 Quarndon Preschool Annual Report Year to July 2021 Quarndon Preschool Annual Report Year to July 2021 ## **REPORT OF THE TRUSTEES** This report covers the 12-month period August 2020 to 31 July 2021. This year continued to be impacted by lockdown measures of varying degrees throughout the year, following the CV-19 global pandemic. ## **STAFFING** The staffing level remains at 7 however, various staff members have been on furlough throughout this year. There were two members still on furlough as at 31 July 2021. We have utilized the government furlough scheme to protect jobs. Dawn Mason-Windsor & Linda Swift continued as Preschool Manager & Deputy. The staff have shown dedication and commitment throughout these difficult circumstances. ## **FINANCES** We have benefitted from the government furlough scheme to protect staff jobs and the support of the government funding which continued to be paid out based on the Autumn/Winter attendance levels. Direct fees from parents were £6.4k lower than the previous year. The financial results for the year was a surplus of £14,174.72 due to the government funding and furlough initiatives, combined with the premises savings and staffing savings. Furlough payments of £14.3k were received. ## **FUND RAISING** Fundraising events raised a total of £2.4k, this included voluntary donations, sponsored events that children could do in their ‘bubbles’ at home, and a Hallowe’en car treasure hunt. All events were held within Government Guidelines. ## **PRESCHOOL EVENTS** These were very limited unfortunately due to the pandemic restrictions. ## **RESERVES POLICY** There has been no change to the reserves policy. This is currently set at £28,000 which is to allow for staff payments of a week and a half, plus a quarter charge for rent and an additional sum to allow for any outstanding invoices. It is also considered desirable to have a sufficient balance in the current account to cover one months’ wages in case we were late receiving funding or fees. The average monthly wages for the prior year (2019/20 - when business was more normal) was approx. £8.2k. 1 Quarndon Preschool Annual Report Year to July 2021 In the year 1[st] August 2020 to 31[st] July 2021 the total income was £110.7k and total expenditure was £96.5k. At July 31[st] 2021 the net assets were £71,491 an increase of £14,174 on the prior year. ## **COMMITTEE MEMBERS AS AT JULY 2021** Amy Webber Chair Maxine Kelly Secretary Leanne Gelderd Treasurer Jenni Norris Fundraising 2 QUARNDON PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDING 31JULY 2021 Independent Examiner's Report to the Trustees of Quarndon Pre-school I report on the accounts of the Trust for the year ended 31 July 2021 as attached in the Statement of Financial Activities and Balance Sheet. Respective responsibilities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charit￿$ trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my 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 1451Sllbl of the 2011 Act,. and To state whether particular matters have come to my attention. Basis of independent examinerfs report 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 those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeing explanations from you as 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 matter set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements.. To keep 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 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed= Name.. Alan Butler Relevant professional qualification or body.. Fellow of the Association of Chartered Certified Accountants Address.. 12 Darley Abbey Mills, Darley Abbey, Derby DE22 IDZ Dated: zi MArck z02Z Quarndon Pre School Profit and Loss Report 01 August 2020 - 31 July 2021 3110712021 3110712020 Name Debit Crodit 48,883.50 63,874.04 3,248.64 Preschool Fees DCC Funded Fees Fundraising Sale5 Government Grants 42,229.18 51,773.97 2,452.60 14,274.79 Milk Fundraising Costs Supplies Activity Supplie5 food Supplies Stationery & cleaning Staff Wages and Salaries Auto Enrollotnent Pen510n HMRC Staff Training Marketing Staff Uniform Legal fees Rent Bnd rates Office costs Phone Misc Equipment Accountancy Insurance Bank charges and interest Staff gifts Don3tions Professional fees Website cost5 Subscriptions 138.11 283.00 972.72 2.186.80 289.92 448.97 1,132.15 2,017.58 L90.45 79,119.45 1,111.80 92,396.54 1,354.56 828.81 Is.00 321.83 934.80 95.78 501.08 170.00 5,615.00 216.93 7,612.00 722.98 924.91 1,305.72 81.48 2,668.80 1,044.77 L05.00 130.00 3.49 1,306.35 702.59 85.00 2,475.60 1,044.76 25.00 40.00 405.00 102.59 40.68 Net Prollt / (Lossl 14,174.72 1,670.22 Quarndon Pre School Balance Sheet 31 July 2021 Name 3110712021 3110712020 DEBTORS Trade Debtors Cash at Bank Cash in hand CO-OP other debtors Total Current Assets 2,057.48 40,362.48 63.50 31,813.64 278.28 25.591.02 28.50 34,169.58 35.00 74,297.10 60,102.38 CREDITORS Creditor Accruals PAYE 2,187.60 329,96 288.60 2.416.80 Pen5ion5 Net Wages Total Current Liabilities 369.36 2.806.16 2,786.16 Total Net Assets 71.4￿.94 57.316.22 EQUITY Net ProfitlLoss 71,490.94 57.316.22 Net Profit/L055 (prior yeGr5) Net Profit/Loss (ctjrrent yeorj 57,316.22 14.174.72 55,646.00 1.670.22 Total Equity 71.490.94 57,316.22 QUARNDON PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDING 31JULY 2021 Independent Examiner's Report to the Trustees of Quarndon Pre-school I report on the accounts of the Trust for the year ended 31 July 2021 as attached in the Statement of Financial Activities and Balance Sheet. Respective responsibilities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charit￿$ trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my 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 1451Sllbl of the 2011 Act,. and To state whether particular matters have come to my attention. Basis of independent examinerfs report 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 those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeing explanations from you as 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 matter set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements.. To keep 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 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed= Name.. Alan Butler Relevant professional qualification or body.. Fellow of the Association of Chartered Certified Accountants Address.. 12 Darley Abbey Mills, Darley Abbey, Derby DE22 IDZ Dated: zi MArck z02Z Quarndon Pre School Profit and Loss Report 01 August 2020 - 31 July 2021 3110712021 3110712020 Name Debit Crodit 48,883.50 63,874.04 3,248.64 Preschool Fees DCC Funded Fees Fundraising Sale5 Government Grants 42,229.18 51,773.97 2,452.60 14,274.79 Milk Fundraising Costs Supplies Activity Supplie5 food Supplies Stationery & cleaning Staff Wages and Salaries Auto Enrollotnent Pen510n HMRC Staff Training Marketing Staff Uniform Legal fees Rent Bnd rates Office costs Phone Misc Equipment Accountancy Insurance Bank charges and interest Staff gifts Don3tions Professional fees Website cost5 Subscriptions 138.11 283.00 972.72 2.186.80 289.92 448.97 1,132.15 2,017.58 L90.45 79,119.45 1,111.80 92,396.54 1,354.56 828.81 Is.00 321.83 934.80 95.78 501.08 170.00 5,615.00 216.93 7,612.00 722.98 924.91 1,305.72 81.48 2,668.80 1,044.77 L05.00 130.00 3.49 1,306.35 702.59 85.00 2,475.60 1,044.76 25.00 40.00 405.00 102.59 40.68 Net Prollt / (Lossl 14,174.72 1,670.22 Quarndon Pre School Balance Sheet 31 July 2021 Name 3110712021 3110712020 DEBTORS Trade Debtors Cash at Bank Cash in hand CO-OP other debtors Total Current Assets 2,057.48 40,362.48 63.50 31,813.64 278.28 25.591.02 28.50 34,169.58 35.00 74,297.10 60,102.38 CREDITORS Creditor Accruals PAYE 2,187.60 329,96 288.60 2.416.80 Pen5ion5 Net Wages Total Current Liabilities 369.36 2.806.16 2,786.16 Total Net Assets 71.4￿.94 57.316.22 EQUITY Net ProfitlLoss 71,490.94 57.316.22 Net Profit/L055 (prior yeGr5) Net Profit/Loss (ctjrrent yeorj 57,316.22 14.174.72 55,646.00 1.670.22 Total Equity 71.490.94 57,316.22