2023-03-31-accounts - Finches Pre-School, Finchampstead

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Finches Pre-School

Charity No. 1051084

Trustees' Report and Unaudited Accounts

31 March 2023

Finches Pre-School Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 10
Detailed Statement of Financial Activities	11 to 12

Page 1

Finches Pre-School Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1051084

Principal Office

The Memorial Hall The Village Finchampstead Wokingham RG40 4JU

Trustees

The following trustees served during the year:

B.M. Kemp J.L. May (Resigned 31 March 2023) E. Nash (Resigned 1 September 2023) C. Shillcock P. Smith Key Management Personnel Chair C. Shillcock

Accountants

Meg King's Business Services Limited The Chimes, Wellington Meadows Monument Road, Wellington Somerset TA21 9PW

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

Finches Pre-School Trustees Annual Report

Chair’s Report for year ending 31 March 23

Now that we are out of Covid restrictions activities have resumed on a more normal basis.

We cannot thank our hardworking staff enjoy for all their efforts to educate by introducing children to new and stimulating experiences.

The committee hosted a lovely Easter Egg Hunt in the Easter Holidays raising £44 and then Sports Day at the end of the summer term which was well attended and enjoyed by children and their families. Ice creams were sold and fresh strawberries which raised a great £80.

We also set up a great Halloween party day which was super fun raising £98. At the end of term families enjoyed a lovely Nativity Play the committee provided refreshments which raised £137. An additional £241 was raised through fundraising mainly Bags2school clothes collections. All these funds were added to Preschool coffers to buy new equipment.

Outings were also able to take place once again and parents and children enjoyed a visit to the pantomime at Southill Park to see Jack and the Beanstalk.

Our committee has been excited to be able provide more events this year and for families to be able to enjoy taking part in these.

Signed on behalf of the charity's trustees

C. Shillcock P. Smith Chair Trustee 26 October 2023

Page 3

Finches Pre-School Independent Examiners Report

Independent Examiner's Report to the trustees of Finches Pre-School

I report to the trustees on my examination of the financial statements of Finches Pre-School for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Meg Lefebvre-King Independent Examiner Meg King's Business Services Limited The Chimes, Wellington Meadows Monument Road, Wellington Somerset TA21 9PW 26 October 2023

Page 4

Finches Pre-School Statement of Financial Activities for the year ended 31 March 2023

Unrestricted funds	Total funds	Total funds
2023	2023
£	£	£

65,836	65,836	-
166	166	-
66,002	66,002	-

51,489	51,489	-
9,396	9,396	-
60,885	60,885	-
-	-	-
5,117	5,117	-
-	-	-
5,117	5,117	-

5,117	5,117	-

74,618	74,618	74,618
79,735	79,735	74,618

Page 5

Finches Pre-School Balance Sheet at 31 March 2023

Charity No. 1051084 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 7 Unrestricted funds 7 General funds Reserves 7 Total funds Approved by the trustees on 26 October 2023 And signed on their behalf by: C. Shillcock Trustee 26 October 2023	2023 £ 79,735 79,735 79,735 79,735 79,735 79,735 79,735 79,735 79,735	£ 74,618
		74,618
		74,618 74,618
		74,618
		74,618
		74,618
		74,618
		74,618

Page 6

Finches Pre-School Notes to the Accounts

for the year ended 31 March 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Finches Pre-School Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Finches Pre-School Notes to the Accounts

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Income from charitable activities

3 Other income 4 Expenditure on charitable activities Expenditure on charitable activities Governance costs	Unrestricted £ 2,194 63,401 241 65,836 Unrestricted £ 166 166	Total 2023 £ 2,194 63,401 241 65,836 Total 2023 £ 166 166

	Unrestricted £ 861 46,905 1,647 192 1,884 51,489	Total 2023 £ 861 46,905 1,647 192 1,884 51,489

Page 9

Finches Pre-School Notes to the Accounts

5 Other expenditure

Unrestricted £ 633 6,312 2,451 9,396 Incoming resources (including other gains/losses ) £ 66,002 66,002 At 1 April 2022 £	Total 2023 £ 633 6,312 2,451 9,396 Resources expended £ (60,885) (60,885) Unrestricted funds £ 79,735 79,735 Cash flows £	At 31 March 2023 £ 79,735
		79,735
		Total £ 79,735
		79,735
		At 31 March 2023 £
74,618	5,117	79,735
74,618 74,618	5,117 5,117	79,735
		79,735

Page 10

Finches Pre-School Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from: Charitable activities Other Total income and endowments Expenditure on: Charitable activities Governance costs Total of expenditure on charitable activities Employee costs Staff training Premises costs Rent General administrative costs, including depreciation and amortisation Bank charges Equipment expensed General insurances Subscriptions Sundry expenses Total of expenditure of other costs Total expenditure	Unrestricted funds 2023 £ 2,194 63,401 241 65,836 166 166 66,002 861 46,905 1,647 49,413 192 1,884 2,076 51,489 633 633 6,312 6,312 72 497 937 946 (1) 2,451 9,396 60,885	Total funds 2023 £ 2,194 63,401 241 65,836 166 166 66,002 861 46,905 1,647 49,413 192 1,884 2,076 51,489 633 633 6,312 6,312 72 497 937 946 (1) 2,451 9,396 60,885	Total funds £ - - -
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Page 11

Finches Pre-School Detailed Statement of Financial Activities

Finches Pre-School Detailed Statement of Financial Activities
Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- 5,117 5,117 - 5,117 74,618 79,735	- 5,117 5,117 - 5,117 74,618 79,735	-
			-
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			74,618
			74,618

Page 12