2021-03-31-accounts - Little Admirals Pre-School

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Trustees Report 2020-2021

Income Total £155,038.00 Total Spending £145,191.00

This year was again financially better than the last. A great improvement. We kept staff to a minimum as the NLW has again had a detrimental impact on spending. This along with the cap on funding has impacted us over the last couple of years. We have had to relook at fees but due to the high amount of funded children this has had minimal effect. The committee have made the decision to not raise fees because the families have reported financial difficulties following COVID.

We lost a large amount of revenue between April-September due to strict restrictions on numbers and bubbles.

Pre-school relocated in September 2020. There were a large amount of costs incurred for the move and clearance of the old setting. We also had all toilets refurbished and garden works to make the setting nicer.

Little Admirals Pre-school

Income/Expenditure Statement for the period 1/4/2020-31/3/2021

Income Portsmouth City Council (NEG funding) Fees Job Retention Scheme Total Income Expenditure Staff Wages Rent Insurance/Membership Bank Service Charges Uniforms Equipment/Educational Materials Training Phone/Internet Christmas/Leaving presents Buildings School trips Printing Consumables/Snack Furniture Total Expenditure Net surplus Bank balance 01/04/20 Bank balance 31/03/21 Net Surplus	£ 134,142 14,248 6,648
	155,038
	108,000 9,911 3,002 206 1,207 5,190 2,169 316 1,332 7,123 346 6 5,409 974
	145,191

	9,847
	6,465 16,311 9,847

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Little Admirals Pre School members of On accounts for the year 31/3/2021 Charity no 1082960 ended (if any) Set out on pages n/a (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2021

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Date: 31/01/2022 Signed: Name: LOUISE ETHERINGTON ACMA CGMA Relevant professional CIMA QUALIFIED (ACMA CGMA) qualification(s) or body (if any): Address: 25 Mayles Road Southsea PO4 8NP

October 2018

IER