2021-07-31-accounts

Happy Faces Pre School

(Registered charity, number 1072774)

Financial statements

for the period ended 31 July 2021

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 2021

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 2021

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 2021

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:

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

4. have not been met; or

5. 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 2021

Unrestricted Funds Note £ Incoming resources Grants & Donations 2 38,554	Unrestricted Funds Note £ Incoming resources Grants & Donations 2 38,554	2021 Total Funds £ 38,554	2020 Total Funds £ 43,485
Fees	5,294	5,294	2,364
Lunch Fees Fundraising & Activities Other Income Total incoming resources Resources expended	1,503 168 156 45,675	1,503 168 156 45,675	1,048 1,277 341
			48,516
Wages, NI & pension	47,202	47,202	44,100
Rent & services Payroll Fees Training and Conferences Insurance Telephone, Internet and Postage Printing and Stationery Equipment and Materials Activities and Trips Food Other expenditure Accounting 3	3,926 216 601 367 40 444 1,638 105 771 400	3,926 216 601 367 40 444 1,638 - 105 771 400	2,452 102 140 367 - 368 1,431 719 207 1,076 400
Total resources expended	55,710	55,710
			51,362
Net incoming/(outgoing) resources	(10,035) 21,079 11,044	(10,035) 21,079 11,044	(2,846)
Prior year adjustment Total funds brought forward Total funds carried forward			23,925
			21,079

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Happy Faces Pre School

Balance sheet

for the period ended 31 July 2021

Note Fixed Assets Current assets Debtors Cash at bank and in hand	£ - 11,444	2021 £	2020 £ - 21,479
total current assets	11,444		21,479
Liabilities Creditors: amounts falling due within one year 3	(400)		(400)
Net current assets		11,044	21,079
Creditors: amounts falling due after one year		-	-
Net assets		11,044	21,079
The funds of the charity Unrestricted Funds 4 Restricted Funds		11,044 -	21,079 -
Total funds		11,044	21,079

The trustees declare that they have approved the accounts above.

Signed on behalf of the charity’s trustees:

Signed: Alison Bates, Chair and Trustee

Dated:

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Happy Faces Pre School

Notes to the accounts

for the period ended 31 July 2021

1. Accounting policies

Basis of the preparation of the accounts

These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

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
	2021 2020
	Total Total Funds Funds
Warwickshire County Council	£ £ 38,554 43,485 38,554 43,485

3. Creditors

Creditors
	2021	2020
Accruals	£ 400 400	£ 400 400

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Happy Faces Pre School

Notes to the accounts (continued)

for the period ended 31 July 2021

4. Movements in funds

Movements in funds
Funds	Opening balance £ 21,079		Incoming resources £ 45,675		(Resources expended) £ (55,710)	Prior Year Adj. £ -	Closing balance £ 11,044
	21,079		45,675		(55,710)	-	11,044
Staff costs and numbers
			2021		2020
Wages			£ 38,554 38,554		£ 35,953 35,953

5. Staff costs and numbers

No employee received emoluments of more than £60,000.

The average weekly number of part time employees during the year was 4 (2020: 4)

6. Benefits in kind

There were no benefits in kind during this period.

7. Trustees’ remuneration, benefits and expenses

Trustees received no expenses, remuneration or benefits in this period.

8. Related party transactions

There were no related party transactions.

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Happy Faces Pre School

Notes to the accounts (continued) for the period ended 31 July 2021

9. 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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