2022-08-31-accounts - Noakbridge Pre-School

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

NOAK BRIDGE PRE-SCHOOL

Charity Number 1052083

Report and Accounts

31 AUGUST 2022

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 2023

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 Resigned 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 2022 the charity posted a trading deficit of £8,823 The Income for the year is £322,818 (2021 £301,426) an increase on the previous year of £21,392 The total costs have decreased by £12,763 during the year -this was attributable to better cost management

The report was approved by the board on 30th June 2023

Page 2

NOAK BRIDGE PRE-SCHOOL Statement of Financial Activities For The Year Ended 31 August 2022

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 £ £ £ £ 320,374 1,222 321,596 301,426 1,222 1,222 0 0 0 0 321,596 1,222 322,818 301,426 0 0 0 2,000 326,278 326,278 333,741 4,141 4,141 7,441 330,419 0 330,419 343,182 (8,823) 1,222 (7,601) (41,756) 151,607 0 151,607 193,363 142,784 1,222 144,006 151,607

NOAK BRIDGE PRE-SCHOOL Balance Sheet As At 31 August 2022

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 142,857 0 0 0 29,326 0 29,326 0 29,399 0 (73) 0 142,784 0	Total Current Year Previous Year 142,857 144,074 0 0 29,326 21,905 29,326 21,905 29,399 14372 (73) 7,533 142,784 151,607 144006 151607 0 0 144006 151607

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 2022

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 £ £ 313,674 260,342 0 -9,009 0 0 6,700 2,000 0 46,093 320,374 299,426 0 0 1,222 0 0 0 0 2,000 1,222 2,000 0 0 0 0

NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2022

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 0 2,000 0 2,000 261,764 262,610 13,411 13,211 49,886 58,399 1,217 1,521 326,278 335,741 2,105 840 1,350 1,350 372 4,911 314 340 0 0 0 0 4,141 7,441

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 £ £ 245,456 249,885 10,190 8,257 1,662 367 261 158 4,195 3,943 261,764 262,610

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

follows:
	This year	Last year
Charitable Activities	13	15
Administration	2	2

NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2022

Page 6

7 Tangible Fixed Assets

Cost Balance at 1 September 2021 Additions Disposals At 31 August 2022 Depreciation Balance at 1 September 2021 Charge for Year Disposals At 31 August 2022 Net Book Value At 1 September 2021 At 31 August 2022 8 Debtors Trade Debtors Re-Development Prepayments	Property Portable Kitchen Improvements Class Room Equipment Equipment Total £ £ 33,217 137,989 2,650 13,679 187,535 0 - - - 0 33,217 137,989 2,650 13,679 187,535 27,194 2,588 13,679 43,461 1,205 12 1,217 - - - 0 28,399 0 2,600 13,679 44,678 6,023 137,989 62 0 144,074 4,818 137,989 50 0 142,857 This year Last year £ £ 0 0 0 0 0 0 0 0

9 Creditors: Amounts Falling Due Within One Year

Trade Creditors Accrued Income Loans and Credit Cards Other Taxes and Pension costs Accruals	This year Last year £ £ 4,433 6,838 20,019 0 0 2,097 2,857 3,309 2,090 2,128 29,399 14,372

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 2022

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	£ 32,959 6,143 7,268 255,646 4,195 1,662 261 2,105 6,818 1,449 1,619 630 0 4,290 2,121 1,350 314 372 1,217 0 330,419	£ 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