REGISTERED CHARITY NUMBER: 1046985
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
FOR
BALDERTON PRE-SCHOOL
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
BALDERTON PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 |
Statement of Financial Activities |
6 |
Balance Sheet |
7 |
Notes to the Financial Statements |
8 to 12 |
Detailed Statement of Financial Activities |
13 |
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
The trusteespresenttheirreportwiththe financialstatementsof the charityfor the yearended31 August2020. The
trusteeshave adoptedthe provisionsof Accountingand Reportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheaimsofthePreSchoolaretoenhancethedevelopmentandeducationofchildrenprimarilyunder statutory
schoolage by encouragingparentsto understandand providethe needsof theirchildrenthroughcommunity groups
and by:
(a) offeringappropriateplay,educationand care facilities,familylearningand extendedhoursgroups,together with
therightofparentstotakeresponsibilityforandtobecomeinvolvedintheactivitiesofsuchgroups,ensuring that
such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
(b)encouragingthestudyoftheneedsofsuchchildrenandtheirfamiliesandpromotingpublicinterestin and
recognition of such needs in the local areas;
(c) instigating and adhering to and furthering the aims and objectives of the Pre School Learning Alliance.
Public benefit
The Charity'smain activitiesare runninggroupsand outingsfor children.In orderto achievethis the Pre Schoolhas a
number of powers which are listed in the constitution and summarised below:
to provide accommodation and equipment;
to raise money to pay for the Pre School's activities;
to make such payments as shall be necessary.
The trusteesconfirmthat they have referredto the guidancecontainedin the CharityCommission'sgeneral guidance
onpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grant making policy for the year.
Page 1
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Thetrusteesnotethatexpensesincreasedatagreaterratethanexpenditureintheyearto31August2020 which
resulted in excess expenditure of £14,815.
FeeincomefrombothparentsandNottinghamshireCountyCouncildecreased.Thefallinincomewasprimarily due
toBaldertonPre-Schoolbeingtemporarilyclosedforthreemonthsoftheyearduetothepandemicwith reduced
childrennumbersbeingaccepteduponre-openingdue to socialdistancing.The Pre-Schoolsupportsthe 30 hour free
childcare funding available from the government.
- The fall in incomewas due to both Pre-Schooland Acornsclosingon 20th March2020.Pre-Schoolremained closed
for twelve weeks, Acorns did not reopen until September 2020.
-HolidayClubs(whichcaterforbothPre-SchoolandAcornchildren)wereclosedfortheEasterandMay school
holidaysandonlypartiallyre-opened,overthesummerbreak,tolookaftertheexistingpre-schoolbubbles in
accordance with Department of Education guidelines.
-Governmentfundswerereceivedthroughouttheyear.However,wewereunabletoacceptanynew children,
againduetoDoEguidelines,sowedidnotexperiencetheusualnaturalgrowthinhours/childrendespitehaving a
waiting list larger than previous years.
- Wages increased mainly due the increase in National Minimum Wage which was to be expected
TheStatementofFinancialActivitiesindicatesTotalIncomeResourcesof£318,115(2019:£357,326)and Total
Resources Expended of £332,930 (2019: £328,382).
FINANCIAL REVIEW
Reserves policy
AllreservesheldbytheCharityareheldasunrestrictedgeneralfunds.Asat31August2020thereserves totalled
£82,025(2019:£96,840).The Charitycan use the funds in any way permittedby the constitutionwhich are necessary
or desirable to enable the Pre-School to achieve its aims.
FUTURE PLANS
Thetrusteesplantocontinueenhancingthedevelopmentandeducationofthechildrenanddeliverthe best
standardof childcarewhilecontinuingto increasethe numberof childrenin attendanceat the Pre-Schoolandout of
school club. A full time general manager has been employed to assist the charity in meeting its aims.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Thecharityiscontrolledbyitsgoverningdocument,aconstitutionoriginallydrawnupin2011andamended and
approved on 18 May 2015, and constitutes an unincorporated charity.
Page 2
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The trustees are those who make up the Committee.
The charity also has Members, divided in to two groups as follows:-
(1) FamilyMembership- parentsor guardiansof all childrenwho attendany grouprun by the Pre Schoolwishing to
support the aims of the Pre School. They are entitled to one vote at any General Meetings.
(2) AffiliateMembership- opento thoseindividuals,organisationsor otherbodiesinterestedin supportingthe aims
of the Pre School. They are entitled to one vote at any General Meetings.
Appointment of trustees is governed by the constitution as follows:-
There will be a minimum number of 5 trustees and a maximum number of 12, consisting of:
(a) a Chair, a Treasurer and a Secretary;
(b) not less than 2 not more than 9 other elected trustees; and
(c) optionally a further 3 trustees can be co-opted at any time after the AGM (Annual General Meeting).
The trusteein (a) and (b) aboveshallbe electedfor one yearat the AGM.Retiringtrusteesare eligiblefor re-election
unlessthey have alreadyservedon the Committeein any capacityfor ten consecutiveyears.Co-optedmembersin (c)
abovemay join at any time on the invitationof the Committeebut shall retireat the next AGM. No co-opted member
shall serve for more than 6 consecutive years.
NotlessthantwoweeksbeforethedateofthenextAGMeachMembershallbesentaformwhichany Member
wishingto stand as a candidatefor electionto the Committeemust completeand returnto Secretaryto indicate their
willingness to act as a member of the Committee if elected.
AttheAGMtheprospectivenewelectedmembersoftheCommitteewillbethosecandidatesreceivingthe highest
numberofvotesfromtheMembers,uptoamaximumof12electedCommitteemembersintotal.Atthe first
Committeemeetingfollowingthe AGM at whichthe newlyelectedmembersof the Committeeare electedthey shall
choose from amongst their number the members who will act as Chair, Treasurer and Secretary.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Withrespectto the currentCovid-19pandemic,the trusteeshaveperformeda fullrisk assessmentwithinthe charity
to ascertainthe impactand have taken appropriatemeasuresand steps to complywith governmentguidelinesand to
ensure continuity where possible.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1046985
Principal address
Wolfit Avenue
Balderton
Newark
Nottinghamshire
NG24 3PQ
Page 3
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
Trustees
Mrs C Hopkins Chairman
Mrs L Tetlaw Treasurer
Mrs L Ward
Mrs S Robinson-Marsh
Mrs L J Sargisson
Mrs P Gregory
Independent Examiner
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
Approved by order of the board of trustees on 28 June 2021 and signed on its behalf by:
Mrs C Hopkins - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALDERTON PRE-SCHOOL
Independent examiner's report to the trustees of Balderton Pre-School
IreporttothecharitytrusteesonmyexaminationoftheaccountsofBaldertonPre-School(theTrust)forthe year
ended 31 August 2020.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedout undersection145of the Act andin carrying
out my examinationI have followedall applicableDirectionsgivenby the CharityCommissionundersection 145(5)(b)
of the Act.
Independent examiner's statement
Since your charity'sgross incomeexceeded£250,000your examinermust be a memberof a listedbody. I can confirm
that I am qualifiedto undertakethe examinationbecauseI am a registeredmemberof FCCA which is one of the listed
bodies.
I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnection with
the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S SHAW
FCCA
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
28 June 2021
Page 5
BALDERTON PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
2020
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
267,990
Investment income
2
114
Other income
50,011
Total
318,115
EXPENDITURE ON
Charitable activities
Charitable activities
332,930
NET INCOME/(EXPENDITURE)
(14,815)
RECONCILIATION OF FUNDS
Total funds brought forward
96,840
TOTAL FUNDS CARRIED FORWARD
82,025 |
2019
Total
funds
£
357,227
99
- |
|
357,326
328,382 |
|
28,944
67,896 |
|
96,840 |
The notes form part of these financial statements
Page 6
BALDERTON PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2020
2020
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
7
1,786
Cash at bank and in hand
133,114
134,900
CREDITORS
Amounts falling due within one year
8
(52,875)
NET CURRENT ASSETS
82,025
TOTAL ASSETS LESS CURRENT LIABILITIES
82,025
NET ASSETS
82,025
FUNDS
10
Unrestricted funds
82,025
TOTAL FUNDS
82,025 |
2019
Total
funds
£
9,650
98,341
107,991
(11,151)
96,840
96,840
96,840
96,840
96,840 |
|
|
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon 28 June2021and were
signed on its behalf by:
C Hopkins - Trustee
The notes form part of these financial statements
Page 7
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland' and
the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Incomeisderivedfromfeeschargedtoparentsand/orthelocalauthorityanddonations.Income is
recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is probable
that the income will be received and the amount can be measured reliably.
Expenditure
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costs related to the category. Costs are inclusive of any VAT which cannot be recovered.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Debtors are recognised at the settlement amount.
Creditors
Creditorsarerecognisedwherethecharityhasapresentobligationresultingfromapasteventthat will
probablyresultinthetransferoffundstoathirdpartyandtheamountduetosettlecanbemeasured or
estimated reliably.
continued...
Page 8
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
2. INVESTMENT INCOME
2020
2019
£
£
Interest receivable
114
99
3.
INDEPENDENT EXAMINER'S FEES
2019
2018
£
£
Independent examiner's fees
500
500 |
2020
2019
£
£
Interest receivable
114
99
3.
INDEPENDENT EXAMINER'S FEES
2019
2018
£
£
Independent examiner's fees
500
500 |
2020
2019
£
£
Interest receivable
114
99
3.
INDEPENDENT EXAMINER'S FEES
2019
2018
£
£
Independent examiner's fees
500
500 |
|
£ |
£ |
|
500 |
500 |
|
|
|
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2020norforthe year
ended 31 August 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31August2020norfortheyear ended
31 August 2019.
5. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000. |
|
2020
£
271,823
7,351
3,525
282,699
2020
28 |
|
2019
£
251,631
6,717
2,369 |
|
|
|
|
260,717 |
|
|
|
|
2019
28 |
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Charitable activities |
|
Charitable activities |
357,227 |
Investment income |
99 |
Total |
357,326 |
EXPENDITURE ON
continued...
Page 9
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Charitable activities
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income |
Unrestricted
fund
£
328,382
28,944
67,896
96,840
2020
2019
£
£
398
7,795
1,388
1,855
1,786
9,650
2020
2019
£
£
-
4,000
2,090
1,975
3,032
609
47,753
4,567
52,875
11,151 |
|
|
Deferred income relates to money received in advance for services provided after the year end.
9. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years |
2020
£
13,000
52,000
13,000
78,000 |
2019
£
13,000
13,000
- |
|
|
26,000 |
continued...
Page 10
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
10. MOVEMENT IN FUNDS
At 1.9.19
£
Unrestricted funds
General fund
96,840
TOTAL FUNDS
96,840
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
318,115
TOTAL FUNDS
318,115
Comparatives for movement in funds
At 1.9.18
£
Unrestricted funds
General fund
67,896
TOTAL FUNDS
67,896
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
357,326
TOTAL FUNDS
357,326 |
Net
movement
At
in funds
31.8.20
£
£
(14,815)
82,025
(14,815)
82,025
Resources
Movement
expended
in funds
£
£
(332,930)
(14,815)
(332,930)
(14,815)
Net
movement
At
in funds
31.8.19
£
£
28,944
96,840
28,944
96,840
Resources
Movement
expended
in funds
£
£
(328,382)
28,944
(328,382)
28,944 |
|
|
continued...
Page 11
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.9.18 |
in funds |
31.8.20 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
67,896 |
14,129 |
82,025 |
TOTAL FUNDS |
67,896 |
14,129 |
82,025 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin the above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
675,441
675,441 |
Resources
Movement
expended
in funds
£
£
(661,312)
14,129
(661,312)
14,129 |
Resources
Movement
expended
in funds
£
£
(661,312)
14,129
(661,312)
14,129 |
|
|
|
14,129 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
12. GOVERNMENT GRANTS
Governmentgrantsincludesamountsrelatingtothecoronavirusjobretentionschemeand apprenticeships
totalling £48,511 and £1,500 respectively.
Page 12
BALDERTON PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
INCOME AND ENDOWMENTS
Investment income
Interest receivable
Charitable activities
Fees from parents
Fees from Notts County Council
Miscellaneous income
Other income
Government grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Telephone
Post, stationery and computer
Building alterations
Sundries
Rent and room hire
Food
Outings
Materials, books etc
Subscriptions and insurance
Cleaning and repairs
Training
Equipment
Accountancy
Playground costs
Support costs
Governance costs
Independent examiners fees
Total resources expended
Net (expenditure)/income |
2020
£
114
101,858
164,666
1,466
267,990
50,011
318,115
271,823
7,351
3,525
1,583
4,938
-
3,109
15,860
5,049
-
4,487
2,348
5,829
380
368
4,630
1,150
332,430
500
332,930
(14,815) |
2019
£
99
156,523
198,006
2,698 |
|
|
357,227
- |
|
|
357,326
251,631
6,717
2,369
1,121
3,326
14,370
4,719
13,040
8,197
999
3,355
2,825
3,441
1,148
3,929
5,526
1,169 |
|
|
327,882
500 |
|
|
328,382 |
|
|
28,944 |
This page does not form part of the statutory financial statements
Page 13