2021-08-31-accounts - Noakbridge Pre-School

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NOAK BRIDGE PRE-SCHOOL

Charity Number 1052083

Report and Accounts

31 AUGUST 2021

NOAK BRIDGE PRE-SCHOOL

Independent Examiners Report

The charity's trustees 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

My examination was carried out in accordance with 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.

In connection with my examination, no matter has come to my attention (other than that disclosed below)

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 Charities Act;
and

 to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

Date 30th June 2022

NOAK BRIDGE PRE-SCHOOL

Page 1

Trustees' Annual Report

Reference and Administration Details

Names of charity Trustees who manage the charity

Trustee Name	Office	Appointed
Heidi Magner	Chair	04/11/2020
Nicola Johnson		04/11/2020
Melanie Christopher	Treasurer	04/11/2020
Emma Bolton	Secretary	04/11/2020
Holllie Thompson		10/11/2021
Lucy Garrett		10/11/2021

Structure, Governance and Management

The charity is governed by a trust deed and is constituted as a charitable association fully registered with the charity commission

Trustees are selected by approval and voted in at the annual general meeting.

Objectives and Activities

The charity objectives are to enhance and develop the education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.

During the year the charity continued to provide the facilities for parents to achieve the charitable aims

The trustees consider that they have had regard to the guidance issued by the charity commission in meeting its aims and objectives.

Achievements and Performance

During the year ended 31st August 2021 the charity posted a trading deficit of £41,756 The Income for the year is £301,426 an increase on the previous year of £12,722 The Charity had to make refunds of £9,009 due to the closure of the facilities during the covid lockdown

Included in income for the year is grants of £38,544 received due to the covid crisis The total costs have increased by £56,828 during the year -this was mainly attributable to a rise in wages costs of £41,982

Due to the trading deficit the charities cash funds have reduced by £38,477

The report was approved by the board on 30th June 2022

NOAK BRIDGE PRE-SCHOOL Statement of Financial Activities For The Year Ended 31 August 2021

Page 2

Notes

Incoming Resources - (Note 3) 3 Grants and Aid Income from Charitable Activities Investment Income Resources Expended 4 Fund Raising Charitable Activities Governance Costs Net Movement in funds Total Funds brought Forward Total Funds carried Forward	Unrestricted Funds Restricted Funds Total Current Year Previous Year £ £ £ £ 299,426 2,000 301,426 288,634 0 0 0 0 0 70 299,426 2,000 301,426 288,704 0 2,000 2,000 0 333,741 333,741 281,615 7,441 7,441 4,739 341,182 2,000 343,182 286,354 (41,756) 0 (41,756) 2,350 193,363 0 193,363 191,013 151,607 0 151,607 193,363

NOAK BRIDGE PRE-SCHOOL Balance Sheet As At 31 August 2021

Page 3

Notes Fixed Assets Tangible Assets 7 Current Assets Debtors 8 Cash at Bank and in Hand Creditors: Amounts falling due within one year 9 Net Current Assets Total Assets less current liabilities Funds of the Charity Unrestricted Funds Restricted Funds	Unrestricted Funds Restricted Funds 144,074 0 21,905 21,905 0 14,372 0 7,533 0 151,607 0	Total Current Year Previous Year 144,074 145,595 0 300 21,905 60,381 21,905 60,681 14,372 12913 7,533 47,768 151,607 193,363 151607 193363 0 0 151607 193363

Signed by two Trustees on behalf of all the Trustees

Signature Print Name Date

NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2020

Page 4

1 Basis of preparation

The accounts have been prepared under the historical cost convention and include the results of the charity which are described in the Trustees' Report and all of which are continuing. The accounts have been prepared in compliance with the statement of recommended practice (SORP 2005) and the charities act 1993 amended 2006.

There have been no changes to the accounting policies and no amendments to the previous years financial figures.

2 Accounting Policies

Incoming Resources

These are included in the statement of Financial Activities when the charity becomes entitled to the resource, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.

Expenditure and Liabilities

Liabilities are recognised as soon as there is a legal obligation committing the charity to pay out the resource.

Assets

These are capitalised if they can be used for more than one year, and cost at least £500.00 They are valued at cost or a reasonable value upon receipt.

Analysis of incoming resources Grants and aid Nursery Nursery Refunds due to Covid Donations Grants EEC Grants Other Income from charitable activities Fees Fund raising Miscellaneous activities Grant Essex County Council Free School Investment income	This year Last year £ £ 260,342 285,914 -9,009 -28,619 0 0 2,000 0 46,093 31,339 299,426 288,634 0 0 0 0 0 0 2,000 2,000 0 0 70 0 70

NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2020

Page 5

4 Analysis of resources expended Grants and aid Nursery Vouchers Donations Other Costs - Food Vouchers Expenditure from charitable activities Wages Salaries and PAYE Rent and Establishment Administration Depreciation Governance costs Training Accountancy Legal and Professional Bank Charges Bad Debts Extra Ordinary Item	This year Last year £ £ 0 0 0 0 2,000 0 2,000 0 262,610 220,628 13,211 10,971 58,399 48,115 1,521 1,901 335,741 281,615 840 1,482 1,350 1,350 4,911 1,531 340 324 0 52 0 0 7,441 4,739

5 Trustee Expenses

There were no payments for expenses claimed made to any trustee during the financial year.

6 Staff costs Gross Wages, salaries and benefits in kind Employers National Insurance Temporary Wages Recruitment Costs Pension costs	This year Last year £ £ 247,952 208,552 10,190 8,257 367 351 158 48 3,943 3,420 262,610 220,628

The average number of full-time equivalent employees in the year was as follows:

follows:
	This year	Last year
Charitable Activities	15	15
Administration	2	2

NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2020

Page 6

7 Tangible Fixed Assets

		Property	Portable	Kitchen
		Improvements	Class Room	Equipment	Equipment	Total
		£				£
	Cost
	Balance at 1 September 2020	33,217	137,989	2,650	13,679	187,535
	Additions					0
	Disposals	-		-	-	0
	At 31 August 2021	33,217	137,989	2,650	13,679	187,535
	Depreciation Balance at 1 September 2020 Charge for Year Disposals	25,688 1,506 -		2,573 15 -	13,679 0 -	41,940 1,521 0
	At 31 August 2021	27,194	0	2,588	13,679	43,461
	Net Book Value At 1 September 2020	7,529	137,989	77	0	145,595
	At 31 August 2021	6,023	137,989	62	0	144,074
8	Debtors Trade Debtors Re-Development Prepayments				This year £ 0 0 0	Last year £ 0 0 300
					0	300
9	Creditors: Amounts Falling Due Within One Year Trade Creditors Accrued Income Loans and Credit Cards Other Taxes and Pension costs Accruals				This year £ 6,838 0 2,097 3,309 2,128	Last year £ 8,232 0 341 2,990 1,350
					14,372	12,913

There were no transactions with any related parties during the year

10 Transactions with related parties

NOAK BRIDGE PRE-SCHOOL Profit and Loss Account For The Year Ended 31 August 2021

for the information of the director only

Cost of Sales Materials Rent and Rates Utilities and Establishment Wages & Salaries Pension Fund Costs Temporary Wages Recruitment Costs Training Postage, stationery & Telephone Travel and Subsistence Miscellaneous Uniform Fundraising Maintenance Insurance Accountancy Bank Charges Legal and Professional Depreciation Bad Debts	£ 34,718 4,039 9,172 258,142 3,943 367 158 840 4,469 1,651 1,624 1,893 0 11,818 2,226 1,350 340 4,911 1,521 0 343,182	£ 25,205 3,980 6,991 216,809 3,420 351 48 1,482 5,316 1,739 1,319 723 0 12,288 1,525 1,350 324 1,531 1,901 52 286,354