Happy Faces Pre School
(Registered charity, number 1072774)
Financial statements
for the period ended 31 July 2020
| Page | Contents |
|---|---|
| 2 & 3 | Trustees’ Annual Report |
| 4 | Independent Examiner’s Report |
| 5 | Statement of financial activities |
| 6 | Balance Sheet |
| 7 & 9 | Notes to the accounts |
Happy Faces Pre School
Trustees’ annual report
for the period ended 31 July 2020
Full name: Happy Faces Pre School Registered charity number: 1072774 Principal address : Community House, Coleshill Road, Atherstone, CV9 1BN Trustees: Alison Bates Jayne Vincent Louise Fisher Senior Staff Member(s): Melanie Adnett, Supervisor Joanne Francis, Deputy Supervisor
Governing document
The charity is operated under the rules of its constitution dated, 1997.
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day project activity is managed and carried out by paid staff.
Bankers:
Lloyds TSB, Nuneaton
Independent Examiner:
Paula Wilson, 2 Hickman House, Hickman Road Galley Common, Nuneaton, CV10 9NQ
Aims and organisation
The principal objects of the charity are to enhance the development and education of children under statutory school age between the ages of 2 ½ and 4 years
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Happy Faces Pre School
Trustees’ annual report (continued)
for the period ended 31 July 2020
Activities
The principal activity of the charity is the provision of pre-school care.
The charity’s policy on reserves
The charity has no specific policy with regard to the level of reserves.
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees:
Signed: Date: 22.05.21 Name: Alison Bates Chair & Trustee
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Independent examiner’s report to the trustees of
Happy Faces Pre School
for the period ended 31 July 2020
I report on the accounts of the charity, which are set out on pages five to nine.
Respective responsibilities of trustees and examiner
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;
-
follow the procedures laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commissioners. 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 you as 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.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
-
have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Paula Wilson
Date: 22.05.21
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Happy Faces Pre School
Statement of financial activities
for the period ended 31 July 2020
| Unrestricted Funds Note £ Incoming resources Grants & Donations 2 43,485 Fees 2,364 Lunch Fees 1,048 Fundraising & Activities 1,277 Other Income 341 Total incoming resources 48,516 Resources expended Wages, NI & pension 44,100 Rent & services 2,452 Payroll Fees 102 Training and Conferences 140 Insurance 367 Telephone, Internet and Postage - Printing and Stationery 368 Equipment and Materials 1,431 Activities and Trips 719 Food 207 Other expenditure 1,076 Repairs - Accounting 3 400 Total resources expended 51,362 |
Unrestricted Funds Note £ Incoming resources Grants & Donations 2 43,485 Fees 2,364 Lunch Fees 1,048 Fundraising & Activities 1,277 Other Income 341 Total incoming resources 48,516 Resources expended Wages, NI & pension 44,100 Rent & services 2,452 Payroll Fees 102 Training and Conferences 140 Insurance 367 Telephone, Internet and Postage - Printing and Stationery 368 Equipment and Materials 1,431 Activities and Trips 719 Food 207 Other expenditure 1,076 Repairs - Accounting 3 400 Total resources expended 51,362 |
2020 Total Funds £ 43,485 2,364 1,048 1,277 341 48,516 44,100 2,452 102 140 367 - 368 1,431 719 207 1,076 - 400 51,362 |
2019 Total Funds £ 51,822 2,459 1,437 1,177 380 |
|---|---|---|---|
| 57,274 | |||
| 38,253 4,422 396 510 61 13 327 672 1,376 160 1,303 - 400 |
|||
| 47,893 | |||
| Net incoming/(outgoing) resources | (2,846) | (2,846) | 9,381 |
| Prior year adjustment Total funds brought forward Total funds carried forward |
23,925 21,079 |
23,925 21,079 |
14,545 |
| 23,925 |
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Happy Faces Pre School
Balance sheet
for the period ended 31 July 2020
| Note Fixed Assets Current assets Debtors Cash at bank and in hand |
£ - 21,479 |
2020 £ |
2019 £ - 24,325 |
|---|---|---|---|
| total current assets | 21,479 | 24,325 | |
| Liabilities Creditors: amounts falling due within one year 3 |
(400) | (400) | |
| Net current assets | 21,079 | 23,925 | |
| Creditors: amounts falling due after one year |
- | - | |
| Net assets | 21,079 | 23,925 | |
| The funds of the charity Unrestricted Funds 4 Restricted Funds |
21,079 - |
23,925 - |
|
| Total funds | 21,079 | 23,925 |
The trustees declare that they have approved the accounts above. Signed on behalf of the charity’s trustees:
Signed: Dated: 22.05.21 Alison Bates, Chair and Trustee
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Happy Faces Pre School
Notes to the accounts
for the period ended 31 July 2020
1. Accounting policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP revised 2005), and applicable accounting standards.
Incoming resources
All material incoming resources have been included on a receivable basis – i.e. they are included if the date receivable falls within the period covered by these accounts.
Resources expended.
These have been analysed using a natural classification.
2. Grants & donations
| Grants & donations | ||
|---|---|---|
| 2020 | 2019 | |
| Total Funds |
Total Funds |
|
| Warwickshire County Council | £ 43,485 43,485 |
£ 51,822 51,822 |
| Creditors | ||
| 2020 | 2019 | |
| Accruals | £ 400 400 |
£ 400 400 |
3. Creditors
4. Movements in funds
| Movements in funds | |||||
|---|---|---|---|---|---|
| Funds | Opening balance £ 23,925 |
Incoming resources £ 48,516 |
(Resources expended) £ (51,362) |
Prior Year Adj. £ - |
Closing balance £ 21,079 |
| 23,925 | 48,516 | (51,362) | - | 21,079 |
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Happy Faces Pre School
Notes to the accounts (continued)
for the period ended 31 July 2020
5. Movements in funds
| Funds | Opening balance £ 23,925 |
Incoming resources £ 48,516 |
(Resources expended) £ (51,362) |
Prior Year Adj. £ - |
Closing balance £ 21,079 |
|---|---|---|---|---|---|
| 23,925 | 48,516 | (51,362) | - | 21,079 |
6. Staff costs and numbers
| Staff costs and numbers | |
|---|---|
| 2020 2019 |
|
| Wages | £ £ 35,953 35,157 35,953 35,157 |
No employee received emoluments of more than £60,000.
The average weekly number of part time employees during the year was 4 (2019: 4)
7. Benefits in kind
There were no benefits in kind during this period.
8. Trustees’ remuneration, benefits and expenses
Trustees received no expenses, remuneration or benefits in this period.
9. Related party transactions
There were no related party transactions.
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10. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period. Debtors: These are amounts owed to the charity, but not received in the accounting period. Prepayments These are amounts paid by the charity during the accounting period relating to future costs
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