Charlty number 1080344 The Shore Pre-school Unaudited Accounts 31 March 2023
The Shore Pre-school Contents Page Trustees, annual report Independent examinevs report Statement of Financial ActivrtE$ Stslement ol Financial Pwtion Notes to the accounts
The Shore Pre-school Infomiation Trustees Miss K constab {chairrS0n} Ms G Glles Ms M Pothecary A¢countants Cochrane & Co Accountants Limited 38 Kings Road Lee-on-the-solent Hampshire P013 9NU Bankers Lloyds TS8 PIC Woolslon Branch Southampton Address Weston Shore Infants S¢hool Foxcott Close Weston Southampton Hampshire S019 7JQ
The Shore Pre-school Structure, Governance and Management Trustee's annual report for the year ended 31 March 2023 The trustees present their report together wth the financial statements of the charity for the year ended 31 March 2023. The ffnancial statements have been prepared in accordance with the accounting wlicies sel out on page 7 and comply with the charity's constituib"on. the Charth'es Act 2022 and the Charities SORP. Govemlng docum•nl The organisalion Is constiluted vrith chanlabk principles govemed by a Standard Pre-school Learning Alliance (PLA} Constilulion. In the event of the organisation being dissolved. the members have no liabilrties. Any assets wouid be transferr to the PLA. Manangement committee Committee memr$ a elected for a tsrm of one year, and can be re-elected for a total term not to exceed ten consecutive years. Member8hlp Membership is divided into types. family and affiliate. Famity membership covers parents and guardians of childr8n attending the pre-school. Affiliate membership is open to individuals, organSsation$ or other bod$ interested in supporting the aims of the prfrschool. Objects and actlvltle• The organisalion's aims a lo enhance the development and education. primanly under the statutory school age. The organisalion promotes these aim$ through offering appropriate play, education and care facilities. Publlc boneflt The main activitS for public benefrt undertaken during the year were the provision of child ca sessions from Monday to Friday for 38 weeks of the year. Thè trustees are responsibl8 for the overall runnlng of the pre4chool and held regular meetings during the year. The Iruslees have had regard to the guidance on public benefit issued by the Charrties Commission, when exercising any powers or duties to which the guKlance may be relevant. Resorv06 poII¢y The Iruslees have tjecided that reserves are required lo,. cover short lemi expenditure incurred whilst waiting for the next funding payment, provide security for the future of the pre-school, enable the pie- school lo meet statutory requirements for $i¢k pay for ivs staff and to meet dundaneY costs in the event of the pre-sch¢)ol closing. At 31 March 2023 unreslrKted reserves total £129,222 and restn"¢ted reseThes totalled £nil, giving total reserves of £129,222.
The Shore Pre-school Structure, Governance and Management Trustee's annual report for the y8ar ended 31 March 2023 Financial revl•w and fundlng The principal funding source continues to be the subsidy provided by Soulharnpton City Council. These funds are topped up by the fees Charged to parents and guardians, together with the other fund raising ath"viltes. This year the organisalion has continued to expand the education and care facilities to include specific staff training and equipment for special needs chiren. The organisab'on ¢ontinues to work tcmiards raising money for caprtal equipment. Statbmont of trustees rgsponsibilitles" The trustees are resF)onsible for preparing the Trustees, Annual Report and the financial statements in a¢¢ordance with applicable law and United Kingdom Accounting Standards IUnrf(ed Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & WaWNorthem Ireland requires the trustees to ppare financial statements for each financial yèar which give a true and fair view of the stsle of affairs of the charity and of the incoming resources and applicats.on of resources of the charity for Ihal period. In preparing these financial Stslements, the tnjslees are required lo.. -select suitable accounting Fdicies and then apply them consistently", -observe the methods and principles in the Charib'es SORP 2015 IFRS 1021.. -make judgements and estimates that are reasonable and prudent.. -state whether applicable accounting stsndards have been followed. subject to any material departures disclosed and explained in the financial Statements.. -prepare the financial stslements on the going concem basis unless it is inappropnate to pSum• that th& ¢harily will continue in 0ra"on. Thè trustees are responsibk8 for keeping proper ac¢ounth"ng records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022, the Charth'es (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irrégularities. Approved ty the management committee on I t. ol . Signed on it's behalf by., Katrina Constsb Chalr
The Shore Pre-school Registered charity number 1080344 Independent Examinefs Report to the Trustees of The Shore Pre-school on the accounts for the Year ended 31 March 2023 I report to thè charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023, which are set out on pages 5 to 8. onslbllltle8 and bas18 of re As the charity's Iruslees you a responsible for the pparatIon of the accounts In accordance with the requirements of the Charitses kt 2022 {'the Acfl. I report in respect of my examination of the chartys accounts carried out under section 145 of the Act and in carrying out my examination I have followed applicable Direth'ons given by the charity Commission under section 145151{bl of the Act. endent Examlner's Ststement I have Completed my examinatron. I confirm thal no material matters have come lo my attenlK>n in connection with the examinab'on giving me causè to tlieve that in any matenal respect.. 1. accounting records were not kept in SpeCt of the charity as required by section 130 of the Act.. or 2. the accounts do not accord wth those records", or 3. the accounts do not comply with the applicable requirements CXnceming the fomi and content of accounts set out in the chant$ (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a Irue and fair vi•V which is not a matter considered as part of an independent examinatson. I have no concems and have come across no other matters in cor¢neclion th the examinats'on to which attent Should te drawn in thls report in order to enable a proper understanding of the accounts to be aChed. J Cochrane, FCA Co¢hrane & Co Accountants Limrte(J. 38 Kings Road, Lee-on-th&Solent. Hampshire. P013 9NU
The Shore Pre4chool Statement of Financial Activities for the year ended 31 March 2023 Unrestricted Restrlcted Total Funds funds funds 2023 Total Funds 2022 Incoming rosources Grants Fees Fundraising Bank interest Donations Other grants Other Total Incomlng resource8 205.379 22.241 565 182 205,379 22,241 565 182 188,401 13,185 231 601 15,840 132 218,399 34,067 34.C67 228.367 34,067 262,434 Resources èxpendfjd Fee earnlng activities Wages and salaries Empbyefs Nl Empbyers penSn Staff benefits Rent Insurance Recrurtment Milk Clothing Costs Fundraising costs Trips and events Christmas Equipment, including garden 165.122 5.426 2,2 2.394 11.443 1.003 131 2.682 772 34.067 199,189 5,426 2,962 2,394 11,443 1,003 131 2.682 772 186,266 5,719 2,810 800 10,751 981 148 4,537 1,584 43 643 132 2,538 643 132 2.538 531 7,451 195.248 34.1>57 229,315 221,621
The Shore Pre-school Statement of Finan¢lal Activities for the year ended 31 March 2023 Govemance costs Bookkeeping Stabonery. postage and photocopying Accountancy Telephone Repairs and renewals-property Subs¢riplions Staff training Depre¢k?tion DBS Cleanlng Other 1,230 1,008 1,242 902 71 285 3,870 2,173 129 2,420 369 1.230 1.008 1,242 1.180 1,0 1,146 637 156 50 2.330 2,672 448 1.623 1.857 71 285 3.870 2,173 129 2.420 369 13,699 13.699 13,195 Total resou0$ oxp8ndod 208.947 34,067 243,014 234,816 Net Incomlng re8our¢o8 19,420 19,420 16.417 Recon¢lllatlon of funds., Total funds brought fOard 109,802 109,802 126,219 Total funds carrled forword 129,222 129.222 109,802
The Shore Pre-school Statement of Financial Position as at 31 March 2023 Notes 2023 2022 Flxed assets Equipment, machinery and motor vehides 12 6,518 8,013 Current a$sS Stock of clothing Oulstsnding fees Cash at bank Cash in hand Prepayments 150 696 122.316 585 1.032 124,779 150 668 101.952 501 1,002 104,273 Current Ilablllti98 A¢¢ruals 2.075 2,484 Net currènt as8•t• 122.704 101,789 Net a880ts 129,222 109.802 Unre8trlctod fund• General fund Net 3urplu$lldeficitl for the year 109,802 19,420 126,219 116,4171 129,222 109,802 Th8s& accounts were approved by the trustees on It. •1 . t4 and signed on its behalf by,. KgtrtnA Con$tabl• Chalr
The Shore Pre-school Notes to tho Accounts for the year ended 31 March 2023 Accountlng policies Basls of preparntion of accounts The accounts have been compiled on an u31$ basis for the infomiation of the pre- school committee and S members. As such. the ppara.0Tr of these a¢counls is governed by the SORP {FRS 1021. The charity Is unincorporated. The charity Is a public benefft entity. Incomlng resource5 All incoming resources are included in the Statement of Financial Activibes, when the charity becomes enlitied to the income and the amount can be quanbfied with reasonable accuracy. The follon9 spea.fic policies are applied lo particular catagories of income.. Fee income is received from the local Education Authority and from parents and gUardn$. This Is included in the accounts on a received basis. Clothing, brochu$ and rtems for resale are included as income when they ar& sokl. Income from grants and Subsidies are accounted for when received. Outgolng ro8ourc•s Expenditure is recognised on an accruals basis as a liability 1$ incurred. Expenditure includes any VAT, which cannot be recovered and is reported as part of the expenditure lo which it relales. Charitable expenditure comprtses those Costs incurred by the organisatr'on delivering its services to the members. It includes both costs that can be allocated directly lo such activities and those costs of an indlrect nature necessary to support them. Govefflan costs include those costs associalod meeting the constltutional and $tstutory requirements of the organtsation. Fund a¢counting Unreslri¢led funds are available for use at the discretion of the management committee in furtherance of the aims of the organisat. Stocks Stock represents the value of unsold dothing and brochures al the balance sheet date. D•preclatlon Depreciation has been provided at 25% reducing baknce
The Shore Pre-school Notes to the Accounts lor the year ended 31 March 2023 Pre4chool Leaming Alliance The pre-school is a member of the Pre-S¢hry31 Leaming Alliance, and as such. is exempt from taxatK)n on its activthes. Management Committe8 No members of the management committee receNed any remuneration during the year. No Committee member or other person related to the charity had any personal interest in any contract of transaction enetered into by the organisation dunng the year. Accumulated Fund All funds and assets are for the beneffit of the pre-school memters. Employee numbern There were 17 employees during trte year12022 19 employees). Prnsentatlon ¢urrency The a¢counts are presenled in Sterfing. Indepondont •xamln•vs f•es DuAng the year fees of £1,146 were paid to Ihe Independent examiner. Tru8to0 remunoratlon During the year tsvo Iruslees were paid mUnerat)n as follows. Ms G Giles £27,500 M Polhecary £25,658 Amounts were paid via tsir contracts of employment with the pre•sch¢)ol. TNste08 exp8n$oS No expenses weie pald 10 trusiee$ In Ihe year. 10 Employees No individual employee was paid over £60.000. 11 Related party transactlons. There are no related paty transactions.
The Shore Pre-school Notes to the Accounts for the year ended 31 March 2023 12 Plant. machinery and motor vehicles Plant and machinèry Cost At 1 April 2022 Additions At 31 March 2023 27,046 678 27,724 D•prgclal•on At 1 April 2022 Charge for the year Al 31 March 2023 19,033 2,173 21.206 Net book value Al 31 March 2023 At 31 March 2022 6,518 8,013 10