**REGISTERED CHARITY NUMBER: 1046985**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021**
## **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 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 11|
|**Detailed Statement of Financial Activities**|12|
**BALDERTON PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The aims of the Pre School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide the needs of their children through community groups and by:
(a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
(b) encouraging the study of the needs of such children and their families and promoting public interest in 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's main activities are running groups and outings for children. In order to achieve this the Pre School has 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 trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The trustees note that income increased at a greater rate than expenditure in the year to 31 August 2021 which resulted in excess income of £40,207.
Fee income from both parents and Nottinghamshire County Council increased. The increase is due to the lockdown restrictions relating to the COVID epidemic being lifted through the year. The Pre-School supports the 30 hour free childcare funding available from the government. The Pre-School supports the 30 hour free childcare funding available from the government.
- Holiday Clubs (which cater for both Pre-School and Acorn children) again the numbers attending fell due to parents working from home or looking to save money by sending their children to family members / friends.
- Government funds were received throughout the year and this has been steadily rising throughout the year.
- Wages increased mainly due the increase in National Minimum Wage which was to be expected
The Statement of Financial Activities indicates Total Income Resources of £357,028 (2020: £318,115) and Total Resources Expended of £316,821 (2020: £332,930).
Page 1
**BALDERTON PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
All reserves held by the Charity are held as unrestricted general funds. As at 31 August 2021 the reserves totalled £122,232 (2020: £82,025). The Charity can use the funds in any way permitted by the constitution which are necessary or desirable to enable the Pre-School to achieve its aims.
## **FUTURE PLANS**
The trustees plan to continue enhancing the development and education of the children and deliver the best standard of childcare while continuing to increase the number of children in attendance at the Pre-School and out of school club.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document, a constitution originally drawn up in 2011 and amended and approved on 18 May 2015, and constitutes an unincorporated charity.
## **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) Family Membership - parents or guardians of all children who attend any group run by the Pre School wishing to support the aims of the Pre School. They are entitled to one vote at any General Meetings.
(2) Affiliate Membership - open to those individuals, organisations or other bodies interested in supporting the 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 trustee in (a) and (b) above shall be elected for one year at the AGM. Retiring trustees are eligible for re-election unless they have already served on the Committee in any capacity for ten consecutive years. Co-opted members in (c) above may join at any time on the invitation of the Committee but shall retire at the next AGM. No co-opted member shall serve for more than 6 consecutive years.
Not less than two weeks before the date of the next AGM each Member shall be sent a form which any Member wishing to stand as a candidate for election to the Committee must complete and return to Secretary to indicate their willingness to act as a member of the Committee if elected.
At the AGM the prospective new elected members of the Committee will be those candidates receiving the highest number of votes from the Members, up to a maximum of 12 elected Committee members in total. At the first Committee meeting following the AGM at which the newly elected members of the Committee are elected they shall choose from amongst their number the members who will act as Chair, Treasurer and Secretary.
Page 2
**BALDERTON PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
With respect to the current Covid-19 pandemic, the trustees have performed a full risk assessment within the charity to ascertain the impact and have taken appropriate measures and steps to comply with government guidelines and to ensure continuity where possible.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1046985
## **Principal address**
Wolfit Avenue Balderton Newark Nottinghamshire NG24 3PQ
## **Trustees**
Mrs C Hopkins Chairman Mrs L Tetlaw Treasurer (resigned 28.6.21) Ms C L Wilson (appointed 7.5.22) Mrs L Ward Mrs S Robinson-Marsh (resigned 28.6.21) 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 20 June 2022 and signed on its behalf by:
Mrs C Hopkins - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALDERTON PRE-SCHOOL**
## **Independent examiner's report to the trustees of Balderton Pre-School**
I report to the charity trustees on my examination of the accounts of Balderton Pre-School (the Trust) for the year ended 31 August 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection 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.
I have no concerns and have come across no other matters in connection with the examination to which 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
24 June 2022
Page 4
**BALDERTON PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021**
|2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Charitable activities
327,726
Investment income
2
124
Other income
29,179
**Total**
357,029
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
316,822
**NET INCOME/(EXPENDITURE)**
40,207
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
82,025
**TOTAL FUNDS CARRIED FORWARD**
122,232|2020
Total
funds
£
267,990
114
50,011
318,115
332,930
(14,815)
96,840
82,025|
|---|---|
The notes form part of these financial statements
Page 5
**BALDERTON PRE-SCHOOL**
## **BALANCE SHEET 31 AUGUST 2021**
|2021
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
7
4,339
Cash at bank and in hand
134,892
139,231
**CREDITORS**
Amounts falling due within one year
8
(16,999)
**NET CURRENT ASSETS**
122,232
**TOTAL ASSETS LESS CURRENT LIABILITIES**
122,232
**NET ASSETS**
122,232
**FUNDS**
10
Unrestricted funds
122,232
**TOTAL FUNDS**
122,232|2020
Total
funds
£
1,786
133,114
134,900
(52,875)
82,025
82,025
82,025
82,025
82,025|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 June 2022 and were signed on its behalf by:
C Hopkins - Trustee
The notes form part of these financial statements
Page 6
**BALDERTON PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
Income is derived from fees charged to parents and/or the local authority and donations. Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity'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**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle can be measured or estimated reliably.
continued...
Page 7
**BALDERTON PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|**INVESTMENT INCOME**|**INVESTMENT INCOME**|
|---|---|---|
|2021
2020
£
£
Interest receivable
124
114
**INDEPENDENT EXAMINER'S FEES**|||
|2019
2018|||
||£|£|
|Independent examiner's fees|500|500|
||||
## **3. INDEPENDENT EXAMINER'S FEES**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## **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|2021
£
253,079
6,726
3,317
263,122
2021
25|2020
£
271,823
7,351
3,525
282,699
2020
28|
|---|---|---|
No employees received emoluments in excess of £60,000.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|
|**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£|
|**Charitable activities**||
|Charitable activities|267,990|
|Investment income|114|
|Other income|50,011|
|**Total**|318,115|
## **EXPENDITURE ON**
continued...
Page 8
**BALDERTON PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**Charitable activities**
Charitable activities
**NET INCOME/(EXPENDITURE)**
**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**
Social security and other taxes
Other creditors
Accruals and deferred income|Unrestricted
fund
£
332,930
(14,815)
96,840
82,025
2021
2020
£
£
2,901
398
1,438
1,388
4,339
1,786
2021
2020
£
£
1,429
2,090
225
3,032
15,345
47,753
16,999
52,875|
|---|---|
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|2021
£
14,722
58,888
-
73,610|2020
£
13,000
52,000
13,000
78,000|
|---|---|---|
continued...
Page 9
**BALDERTON PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021**
## **10. MOVEMENT IN FUNDS**
|At 1.9.20
£
**Unrestricted funds**
General fund
82,025
**TOTAL FUNDS**
82,025
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
357,029
**TOTAL FUNDS**
357,029
**Comparatives for movement in funds**
At 1.9.19
£
**Unrestricted funds**
General fund
96,840
**TOTAL FUNDS**
96,840
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
318,115
**TOTAL FUNDS**
318,115|Net
movement
At
in funds
31.8.21
£
£
40,207
122,232
40,207
122,232
Resources
Movement
expended
in funds
£
£
(316,822)
40,207
(316,822)
40,207
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)|
|---|---|
continued...
Page 10
**BALDERTON PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.19|in funds|31.8.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|96,840|25,392|122,232|
|**TOTAL FUNDS**|96,840|25,392|122,232|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
675,144
675,144|Resources
Movement
expended
in funds
£
£
(649,752)
25,392
(649,752)
25,392|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
During the year ended 31 August 2021, £20 was paid to C Hopkins in the form of a gift (2020: £Nil).
## **12. GOVERNMENT GRANTS**
Government grants includes amounts relating to the coronavirus job retention scheme and apprenticeships totalling £28,679 and £500 respectively.
Page 11
**BALDERTON PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021**
|**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
Sundries
Rent and room hire
Food
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 income/(expenditure)**|2021
£
124
115,437
210,934
1,355
327,726
29,179
357,029
253,079
6,726
3,317
1,333
4,381
7,637
14,722
4,787
3,053
2,139
2,862
418
3,907
5,506
2,455
316,322
500
316,822
40,207|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)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12