## **Charity Registered Number: 1057290** ## **Financial Statements for the Year Ended 31 July 2022** ## **For** ## **Barham Pre-School** 1 ## **Barham Pre-School** ## **Index to Financial Statements** ||**Page**| |---|---| |General Information|3| |Trustees Report|4-6| |Independent examiner report|7| |Statement of financial activities|8| |Balance Sheet|9| |Notes to Financial Statements|10-13| 2 ## **Barham Pre-School** ## **General Information** ## **Year Ending 31st July 2022** Chairperson: Briony Ellis Treasurer: Andrew Wildon Secretary: Bryony Dutta P.L.A. Registration No: C2534G27I02 Branch No: SO603 Bank: Santander Commercial Bank plc Bridle Road Bootle Merseyside GIR 0AA Independent examiner: Hobbs Thomas & Company LLP 3 ## **Report of the Trustees** ## **For the Year ended 31[st] July 2022** The trustees present their report and financial statements for the year ended 31[st] July 2022. ## **Trustees** The trustees named on page one has served throughout the year. The appointment of the trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee, removal by Pre-School committee or removal by law. ## **Constitution, Objectives and Policies** Barham Pre-School has adopted the Early Years Alliance (EYA) constitution. It has adopted objectives and policies including, but not limited to: Admissions Child protection Pricing Equality & Diversity Behaviour management Refreshments Health, safety & hygiene Special educational needs Confidentiality Complaints Staff training Reserves policy Details of the objectives and policies are well documented and displayed on the notice board at the registered address. A copy is available to all parents/prospective parents on request. ## **Investment Powers** The current constitution outlines the Trustee’ power of investment and finance applicable to Barham Pre-School. ## **Development, Activities and Achievements** I am pleased to report on another great year for Barham Preschool. During the year we said goodbye to our long serving Manager Rebecca Starr who has given incredible service to the preschool during her tenure. The committee would like to put on record its thanks to Rebecca for all her incredible work. Just after the end of the financial year we welcomed our new manager and two new Preschool staff members to our preschool family. All our staff members have worked very hard again this year alongside our dedicated committee members to ensure the smooth running of our preschool. We continue to maintain our good financial position. Thanks to our preschool families and our local community for their support on our fundraising efforts. Our Easter sponsored 4 Hopathon event was a big hit and very well enjoyed by everyone that attended. In the summer our preschool leavers and new prospective children enjoyed a party with an entertainer and a cake sale. It was a lovely morning, all the children fully enjoyed themselves! We are now busily preparing for our exciting Christmas event and our everpopular raffle to raise important funds for our preschool. The children will be putting on their first ever Nativity, which is very exciting for them and all their families. We will be looking into ideas for new resources for our setting, possible trips out for the children and also an extra canopy for our garden area. We are excited for the future and for all the new ideas that our new manager and staff will bring to the setting. Well Done everyone for all your hard work once again and looking forward to another fantastic year. ## **Financial Review** The pre-school is in a stronger financial position than last year, when we were still recovering from the effects of the pandemic. By the end of the year we had increased our financial reserves by £15,198. Our income increased by 6.8% on the prior year. Expenses also increased as we returned to full staff headcount and purchased equipment, that was deferred during the pandemic. We have an operational bank balance that will withstand significant shocks. Plus we have a reserve account that holds funds necessary for the winding up of the pre-school if an existential issue arose. We are marginally profitable on our day to day operations, however the fund raising activity that is undertaken remains a significant benefit when it comes to being able to make investments in the preschool. This sound financial footing meant we were once again able to invest in community centred schemes like the toddler group. ## **Financial Outlook for 2022/23** Overall, I see the outlook for 2022/23 as more challenging. There will be an increase in costs that will arise from the increase in the living wage. Plus our income will be under pressure given the increased financial challenges facing parents and Kent Council County. These factors mean we will need to maintain strong financial discipline over the pre-school during 2023. 5 St•t•mert olTrystee< respon￿bIllu¢S The trusiees are requlred under the Charttle5 Act 1993 to prepare flnantlal staiements for each flnèn¢ial year whlch glve a true and falr vlew of the charl￿$ flnancial artl¥ltles durin8 the year and of Its flnan¢lal positknn at the end of the ye•r. In prepar+ng the financial statements, a true and fllf vlew, trustees should follow the baslc prartlse and.. •} Selert sultablt accountinK pollcle$ and apply them con5islentty bl M•ke ludeements and estlmatè5 thai are reasonable and prudent tl State whether applicable accountlng staThdards and staternents of recommended prartice have been followed, sublect to ony deprture dlsdosed and explained In flnancl¥l statements dl prepa￿ the finand•l statements on a goln8 concern basls unlèss it 1$ Inappropri￿¢ to presume that tht tharlty wlll tontlnue In optratlon The trustees art responsible for keeping accounting records which disclose, with reasonable atturacy, the finantial position of the charity and which enable them to both ascertain the financsal pOsit￿)n of the charrty and to ensure that the financial statements complywlth applicable law and regulations. Future de¥elopments As the pre-5chod 15 now well-estsblished part of the local communlty and has re￿iVed a glowing Ofsted report, we don't plan to make any malof changes thts year. but will continue irnplementiog our current polities and practices. There were no serious incidents this year. Approval This report was approved by the trnstees 26 January 2023 Chaloers0Tr Brfony EINs 191OV2023 Report of the Independent Examiner to the Trustees ot Barham Pre Sthilol I have examined the accounts of the above mentioned for the year ended 311t Juty 2022. During the course of the exarnination no matter has come to rny attention. which would give me reasonable cause to believe that in any materiol respert- al Accounting records have no been kepl in accordance with sertion 41 of the 1993 Charities Act,. or bl The èccounts do not accord with those records,. or cl The staternent of acwunts doe5 not Comply with the 1993 Char¢ties Act. No further matters have come to my attention. which should be included to enable a proper understsnding of the accounts to be reached. shelley Hobb$ MAAT HobbsThomas & Company LLP ## **Barham Pre-school Statement of Financial Activities For the year ended 31[st] July 2022** |**Notes**
Income Resources
Grants/Donations
4
Fees
3
Fundraising
3
Interest
4
Other
3
Resources Expended:
Direct Charitable
5/7
Direct Charitable
2a
Other Expenditure:
Management &
Admin
6
Net movement in funds for year
Total Funds
b/forward
11/12|**Restricted**
**Funds**
£
0
0
0
0
0
**0**
225
________
**225**
1,134
**909**|**Unrestricted**
**Funds**
£
1,043
103,910
2,042
2
6,552
**113,549**
96,257
1,869
________

**98,126**
40,235
**55,658**|**Total**
2022
£
1,043
103,910
2,042
2
6,552
**113,549**
96,257
225
1,869
_______

**98,351**
15,198
41,369
**56,567**|**Total**
2021
£
471
97,409
4,168
61
4,217| |---|---|---|---|---| |||||**106,326**
85,711
225
2,948
________
**88,884**
17,442
23,927| |||||**41,369**| There were no recognised gains or losses for 2021/2022 other than those included in the Statement of Financial Activities The notes on pages 7-10 form part of these financial statements. 8 ## **Barham Pre-school Balance Sheet** ## **For the year ended 31[st] July 2022** |**Notes**
Fixed Assets
Tangible Assets
8
Current Assets:
Debtors
9
Cash at Bank and in
hand
Deposit Account
Creditors:
Amounts falling due within one year
10
Net current Assets
Total Assets less Current Liabilities
Capital and Reserves:
Unrestricted Funds
11
Restricted Funds
12|**2022**
**£**
375
0
38,720
19,572
**58,292**
2,100
58,667
**56,567**
55,658
909
**56,567**|**2021**
**£**
2,566| |---|---|---| |||0
28,198
19,571
**47,769**| |||9,589| |||38,803| |||**41,369**| |||40,235
1,134| |||**41,369**| Approved by the Trustees and signed on their behalf 9 ## **Barham Pre-school Notes to the financial Statements For the year ended 31[st] July 2022** 1. Accounting Policies - 1.1 Basis of preparation of Accounts The financial statements are prepared under the historical cost convention and include the result of the charity’s operation which are described in the Trustees’ Report and all of which are continuing. The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts. - 1.2 Tangible Fixed Assets for use by the charity and depreciation Tangible fixed assets for use by the charity are stated at cost less depreciation. Depreciation is provided at rated calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Buildings (mobile) 15% on cost Utilities 10% on cost Equipment 15% on cost Miscellaneous 15% on cost - 1.3 Income Voluntary income and donations are accounted for as received by the charity. No permanent endowments have been received during the year. - 1.4 Value Added Tax Value added tax is not recoverable by the charity and as such is included in the relevant costs in the statement of Financial Activities. - 1.5 Management and Administrative Expenditure Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity or fundraising ventures. 10 ## **Barham Pre-school Notes to the financial Statements For the year ended 31[st] July 2022** |2a.
Expenditure Direct Charitable
Depreciation
2b.
Grant received for equipment
3.
Other Income
Fees - Parents
Fees KCC
EYPP
Toddlers Group
Donations
Fundraising
Miscellaneous
4.
Interest Received
5.
Direct Charitable Expenditure
Premises - heating / cleaning
Land Rent and Hire of Hall
Consumables
Equipment
Repairs and gardening
Insurance
Subs and Fee
Depreciation
Toddlers Group
Fundraising
Miscellaneous|**Restricted Funds**
**2022**
**2021**
**£**
**£**
225
225
0
0
**Unrestricted Funds**
2022
2021
16,832
28,169
87,078
69,240
281
572
1,932
0
1,043
471
2,042
4,168
4,339
3,645
**113,547**
**106,265**
2
61
1,782
815
1,150
1,062
2,807
2,083
3,158
1,850
4,037
3,812
1,247
623
719
0
1,966
2,507
1,296
0
60
0
1,425
494
**19,646**
**13,246**|**Restricted Funds**
**2022**
**2021**
**£**
**£**
225
225
0
0
**Unrestricted Funds**
2022
2021
16,832
28,169
87,078
69,240
281
572
1,932
0
1,043
471
2,042
4,168
4,339
3,645
**113,547**
**106,265**
2
61
1,782
815
1,150
1,062
2,807
2,083
3,158
1,850
4,037
3,812
1,247
623
719
0
1,966
2,507
1,296
0
60
0
1,425
494
**19,646**
**13,246**| |---|---|---| |||**106,265**| |||| |||61| |||815
1,062
2,083
1,850
3,812
623
0
2,507
0
0
494| |||**13,246**| 11 ## **Barham Pre-school Notes to the financial Statements For the year ended 31[st] July 2021** |6.
Administrative Expenditure
**2022**
**2021**
**£**
**£**
Miscellaneous
156
1,450
Training
275
898
Auditors Remuneration
1,713
600
2,144
2,948
7.
Staff Costs
No remuneration was paid to Trustees in the year
The staff costs for the year
76,336
73,088
8.
Tangible Fixed Assets
**Mobile**
**Buildings**
**Equipment**
**Misc**
**£**
**£**
**£**
**£**
Cost or Valuation
At 01.08.21 - Restricted
23,894
76,343
8,131
762
At 01.08.21 - Other funds
38,655
10,966
2,609
**Additions during the year**
Restricted
0
0
0
0
Other Funds
0
0
0
0
**62,549**
**76,343**
**19,097**
**3,371**
**Depreciation**
At 01.08.21 - Restricted
23,894
76,343
7,531
762
At 01.08.21 - Unrestricted
37,014
0
10,641
2,609
**Charge for the year**
Restricted
0
0
225
0
Unrestricted
1,641
0
325
0
**62,549**
**76,343**
**18,722**
**3,371**
Net Book Value
31-Jul-22
**0**
**0**
**375**
**0**
31-Jul-21
1,641
0
1,551
0|**Totals**
**£**
109,130
52,230
0
0
**161,360**| |---|---| ||108,530
50,264
225
1,966
**160,985**| ||**375**
3,192| 12 ## **Barham Pre-school Notes to the financial Statements For the year ended 31[st] July 2021** |9.
Debtors
Amounts falling due within one year-
Other prepayments
10.
Creditors
Amounts falling due within one year
Other accrued
11.
Unrestricted Funds
Opening balance
Net movement in funds for the year
12.
Restricted Funds
Opening balance
Net movement in funds for the year|**2022**
**£**
0
2,100
40,235
15,423
**55,658**
1,134
-225
**909**|**2021**
**£**
0
8,966
22,568
17,667| |---|---|---| |||**40,235**| |||1,359
-225| |||**1,134**| 13