## **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
2
# **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
3
## **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:
1. 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
2. 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
4
## **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**|
5
## **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
6
## **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.
8
## **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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