**REGISTERED CHARITY NUMBER: 1072130** ## **Report of the Trustees and** ## **Unaudited Financial Statements for the Year Ended 31 August 2022** **for** ## **Ormesby Village Preschool** East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX **Ormesby Village Preschool** ## **Contents of the Financial Statements for the Year Ended 31 August 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**|11|to|12| **Ormesby Village Preschool** **Report of the Trustees for the Year Ended 31 August 2022** The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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** Ormesby Preschool has provided child care and pre-school education for over 90 families between the hours of 0900-1500, and has offered childcare facilities, provided through breakfast club, after school club and school holiday club, to an additional 50 families, during the extended hours of 0800-1800 Monday to Friday, for 50 weeks of the year. The families that have used our service come not only from Ormesby and the surrounding villages, but have even travelled from as far as Norwich to access the childcare and provision we provide. We have supported the educational advancement and readiness for school of all the children attending, and those who transitioned to begin school after attending. Parents, carers, grandparents and family members have joined us for celebrations and play sessions where possible, and we have reached out to the extended community, for example by visiting local elderly clubs and fundraising for the wider community in which we live and operate. ## **Public benefit** 1. To advance the education of children below compulsory school age in Ormesby St Margaret. a) Provide safe and satisfying group play, in which parents have the right to take part b) Encourage other charitable activities through which parents may help the children. 2. To provide the necessary facilities for the day care, recreation and education of children from 12 months up to eleven years of age during out of school hours and school holidays, in Ormesby and the surrounding villages. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Charitable donations have been raised and given to a Children's Medical Charity. Peninsula continued to help manage health & safety within preschool, HR, employment and other responsibilities, and their support proved highly beneficial. We welcome the advice and support they are able to offer. ## **FINANCIAL REVIEW** ## **Financial position** During the year there was a surplus of income of £5,539 (2021 £12,263). We are still in a strong position with unrestricted reserves of £57,527 (2021 £51,988) ## **Reserves policy** The committee has a reserves policy in case of redundancies etc. This amount currently equates to 2 months salary costs and is included within the main bank account. ## **FUTURE PLANS** The future aims & objectives for Ormesby Preschool during the period from 01.09.2022-31.08.2023 remain largely the same as in previous years, and the committee will continue to support preschool in achieving this in whichever ways it can. Preschool will continue to seek ways to evolve and grow to best serve the community in which we operate, and support the families who use our service, as well as achieving the best possible outcomes for the children who attend. The likelihood of an Ofsted inspection during the period covered by the next AGM is low, but regardless, we are ready to face whatever the year brings, including any further, unexpected challenges presented. The committee will continue to fulfil its obligations to the Charity Commission, and public benefit, and will rise to any challenge which may present, with the usual resilience, passion, enthusiasm and professionalism. ## **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 deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1072130 Page 1 **Ormesby Village Preschool** ## **Report of the Trustees for the Year Ended 31 August 2022** **Principal address** Boarded Barn Farm Old Coast Road Ormesby Norfolk NR29 3QH ## **Trustees** Ms P A Moore Ms R Robinson Ms A Craske Ms M A Wright Ms C E Lee Mrs K Kempton Miss L Read ## **Independent Examiner** Susan Rolfe MA.FCA Institute of Chartered Accountants in England & Wales East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Ms R Robinson - Trustee Page 2 **Independent Examiner's Report to the Trustees of Ormesby Village Preschool** ## **Independent examiner's report to the trustees of Ormesby Village Preschool** I report to the charity trustees on my examination of the accounts of Ormesby Village Preschool (the Trust) for the year ended 31 August 2022. ## **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 Institute of Chartered Accountants in England & Wales 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. Susan Rolfe MA.FCA Institute of Chartered Accountants in England & Wales East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX 06/02/2023 Date: ............................................. Page 3 **Ormesby Village Preschool** ## **Statement of Financial Activities for the Year Ended 31 August 2022** |**31.8.22**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
Fee Income
323,104
Other trading activities
2
1,671
Other income
-
**Total**
324,775
**EXPENDITURE ON**
Raising funds
4,019
**Charitable activities**
Fee Income
16
Charitable expenses
315,201
**Total**
319,236
**NET INCOME**
5,539
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
51,988
**TOTAL FUNDS CARRIED FORWARD**
57,527|**31.8.21**
**Total**
**funds**
**£**
700
272,542
2,381
9,492
285,115
933
271,919
-
272,852
12,263
39,725
51,988| |---|---| The notes form part of these financial statements Page 4 **Ormesby Village Preschool** ## **Balance Sheet 31 August 2022** |||**31.8.22**|**31.8.21**| |---|---|---|---| |||**Unrestricted**|**Total**| |||**fund**|**funds**| ||**Notes**|**£**|**£**| |**FIXED ASSETS**|||| |Tangible assets|5|5,845|5,017| |**CURRENT ASSETS**|||| |Debtors|6|8,567|6,439| |Cash at bank and in hand||46,996|60,625| |**CREDITORS**||55,563|67,064| |Amounts falling due within one year|7|(3,881)|(20,093)| |**NET CURRENT ASSETS**||51,682|46,971| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||57,527|51,988| |**NET ASSETS**||57,527|51,988| |**FUNDS**|8||| |Unrestricted funds||57,527|51,988| |**TOTAL FUNDS**||57,527|51,988| ||||| The financial statements were approved by the Board of Trustees and authorised for issue on 06/02/2023 ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 5 **Ormesby Village Preschool** **Notes to the Financial Statements for the Year Ended 31 August 2022** ## **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** All 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** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost Computer equipment - 33% on cost ## **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. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued... Page 6 **Ormesby Village Preschool** **Notes to the Financial Statements - continued for the Year Ended 31 August 2022** ## **2.** ## **OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||**31.8.22**|**31.8.21**| ||**£**|**£**| |Fundraising events|1,181|1,912| |Clothing sales|490|469| ||1,671|2,381| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|**Unrestricted**
**fund**
**£**| |---|---| |Donations and legacies|700| |**Charitable activities**|| |Fee Income|272,542| |Other trading activities|2,381| |Other income|9,492| |**Total**|285,115| |**EXPENDITURE ON**|| |Raising funds|933| |**Charitable activities**|| |Fee Income|271,919| |**Total**|272,852| |**NET INCOME**|12,263| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|39,725| |**TOTAL FUNDS CARRIED FORWARD**|51,988| continued... Page 7 **Ormesby Village Preschool** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2022** |**5.**|**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---|---| |||**Fixtures**|||| ||||**and**|**Computer**|| |||**fittings**||**equipment**|**Totals**| ||||**£**|**£**|**£**| ||**COST**||||| ||At 1 September 2021||9,380|1,481|10,861| ||Additions||2,098|638|2,736| ||At 31 August 2022|11,478||2,119|13,597| ||**DEPRECIATION**||||| ||At 1 September 2021||5,833|11|5,844| ||Charge for year||1,326|582|1,908| ||At 31 August 2022||7,159|593|7,752| ||**NET BOOK VALUE**||||| ||At 31 August 2022||4,319|1,526|5,845| ||At 31 August 2021||3,547|1,470|5,017| |**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Trade debtors|||**31.8.22**
**£**
7,466|**31.8.21**
**£**
6,279| ||Prepayments|||1,101|160| |||||8,567|6,439| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Trade creditors|||**31.8.22**
**£**
-|**31.8.21**
**£**
1| ||Other creditors|||3,881|20,092| |||||3,881|20,093| |**8.**|**MOVEMENT IN FUNDS**||||| ||**Unrestricted funds**|**At**|**1.9.21**
**£**|**Net**
**movement**
**in funds**
**£**|**At**
**31.8.22**
**£**| ||General fund|51,988||5,539|57,527| ||**TOTAL FUNDS**|51,988||5,539|57,527| continued... Page 8 **Ormesby Village Preschool** **Notes to the Financial Statements - continued for the Year Ended 31 August 2022** ## **8. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
324,775
**TOTAL FUNDS**
324,775
**Comparatives for movement in funds**
**At 1.9.20**
**£**
**Unrestricted funds**
General fund
39,725
**TOTAL FUNDS**
39,725
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
285,115
**TOTAL FUNDS**
285,115
A current year 12 months and prior year 12 months combined position is as follows:
**At 1.9.20**
**£**
**Unrestricted funds**
General fund
39,725
**TOTAL FUNDS**
39,725|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(319,236)
5,539
(319,236)
5,539
**Net**
**movement**
**At**
**in funds**
**31.8.21**
**£**
**£**
12,263
51,988
12,263
51,988
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(272,852)
12,263
(272,852)
12,263

**Net**
**movement**
**At**
**in funds**
**31.8.22**
**£**
**£**
17,802
57,527
17,802
57,527| |---|---| continued... Page 9 **Ormesby Village Preschool** **Notes to the Financial Statements - continued for the Year Ended 31 August 2022** ## **8. MOVEMENT IN FUNDS - continued** 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**
**£**
609,890
609,890|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(592,088)
17,802
(592,088)
17,802| |---|---|---| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2022. Page 10 **Ormesby Village Preschool** **Detailed Statement of Financial Activities for the Year Ended 31 August 2022** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 August 2022**||| |---|---|---| ||**31.8.22**|**31.8.21**| ||**£**|**£**| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|-|700| |**Other trading activities**||| |Fundraising events|1,181|1,912| |Clothing sales|490|469| |**Charitable activities**|1,671|2,381| |Fees Funded|209,193|180,768| |Fees Private|98,086|80,855| |Fees Holiday Club|15,825|10,919| |**Other income**|323,104|272,542| |JRS Grants received|-|9,492| |**Total incoming resources**|324,775|285,115| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Clothing purchases|4,019|933| |**Charitable activities**||| |Wages|278,824|232,795| |Rent and rates|9,138|7,980| |Insurance|499|1,076| |Telephone|2,084|1,969| |Stationery and website|3,551|3,624| |Sundries|940|1,043| |Food and drink|4,516|2,910| |Consumable toys and equipment|8,523|8,700| |Staff training|634|1,485| |Repairs and renewals|-|3,435| |Fixtures and fittings|1,326|2,426| |Computer equipment|582|11| |**Support costs**|310,617|267,454| |**Governance costs**||| |Accountancy and legal fees|4,160|4,112| |Independent examination fee|440|353| ||4,600|4,465| This page does not form part of the statutory financial statements Page 11 **Ormesby Village Preschool** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 31 August 2022**||| ||**31.8.22**|**31.8.21**| ||**£**|**£**| |Total resources expended|319,236|272,852| |**Net income**|5,539|12,263| This page does not form part of the statutory financial statements Page 12