CHARITY REGISTRATION NUMBER: 1087965
MOUNT VIEW PRE-SCHOOL
TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
MOUNT VIEW PRE-SCHOOL
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 3 |
| Trustees’ Report | 4-6 |
| Independent Examiners’ Report | 7 |
| Statement of financial activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10-15 |
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MOUNT VIEW PRE-SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES: K. Bird, Chair K. Nicholson, Deputy Chair H. Wright, Treasurer T. Sheedy, Committee R. Parkinson, Committee J. Tarbuck, Committee (appointed October 2020) J. Hutchesson, Committee CHAIRTY NUMBER: 1087965 REGISTERED OFFICE: Mount View Methodist Church Derbyshire Lane SHEFFIELD S8 8SG BANKERS: Virgin Money 681 Chesterfield Road SHEFFIELD S8 0RY INDEPENDENT EXAMINER: Samantha Nicholson MAAT Nicholson & Co (Sheffield) Ltd 304-308 Prince of Wales Road SHEFFIELD S2 1FF
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MOUNT VIEW PRE-SCHOOL
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021
Report of the trustees for the year ending 31 August 2021.
The Trustees of Mount View Pre-school present their annual report for the year ended 31 August 2021 and confirm they comply with the requirements of the Charities Act 2011, the constitution and the Charities SORP (FRS 102).
The charity is governed by the constitution adopted on 17 March 2001.
Structure, governance and management
The trustees, who served during the year were:
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K. Bird, Chair
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K. Nicholson, Deputy Chair
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H. Wright, Treasurer
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T. Sheedy, Committee
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R. Parkinson, Committee (resigned August 2021)
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J. Tarbuck, Committee (appointed October 2020)
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J. Hutchesson, Committee
Review of activities and achievements
The Management Committee have managed to maintain the number of parents and continue to support the management in their roles. New parents are joining yearly, and the committee has a very clear community spirit. Regular meetings are held, and we work together to keep the pre-school sustainable. This has worked extremely well and has met the needs of the community and we are able to continue to cover all costs of running the Pre-school.
The end of this accounting year has been extremely challenging due to Covid -19 situation continuing. However, throughout the ongoing Pandemic we continued to work together and provided childcare for all the children and kept the Pre-school sustainable. All staff were kept in employment and our Pre-school’s future was protected.
Our links with church continue but due to covid restrictions we have been unable to meet face to face but we have kept in touch regular with zoom and phone calls. Once restrictions are lifted they will continue with the family services and messy church.
As a community, in October we collected donations of food to support our local food bank and at Easter chocolate eggs to support roundabout, a charity which gives support to young people in Sheffield.
We are continuing with the work that Ofsted recommended for us to become an outstanding Preschool and in May 2021 we installed an outdoor canopy to improve our outdoor play facilities. This allows us to utilise outdoor space in bad weather giving the children more learning opportunities. The local Co-op choose us as their fundraising cause and donated money towards our project.
This year we have celebrated Chinese New Year, Pancake Day, World Book Day, Harvest Festival and Christmas, which has offered the children excellent learning opportunities. We learnt about culture, countries, traditions, food and music.
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MOUNT VIEW PRE-SCHOOL
Our Christmas Nativity sadly had to be cancelled but with following all guidance we held a Christmas party for the children, which consisted of party games, food, a socially distanced magic show and a visit from Father Christmas. Although it was different the children thoroughly enjoyed themselves and we kept everyone safe.
Once restrictions were lifted in the summer and our Government guidance allowed us, in June 2021 we held an Art exhibition to showcase the children’s art work and raised sone money to buy new resources for the outdoor play space under the canopy.
Our annual Sports day was slightly different this year due to restrictions but we were able to hold a short event which the children and enjoyed. Our fayre was sadly cancelled to ensure the safety of everyone.
Pre-school continues to be popular and very busy and although we feel the covid situation will continue we are looking forward to the year ahead and Pre-school will continue to be a big support to the families in the community.
COVID-19 impact statement
It has been a great relief that Pre-school hasn’t financially struggled as the Covid-19 situation has continued into yet another financial year. We have had no detrimental financial impact. Pre-school has been able to secure funding from Local Education Authority to ensure the sustainability of the Pre-school continued in this difficult time. Although at periods of the spring term 2021, when the Government announced another lockdown. Pre-school was unaffected as we were to continue accepting children regardless of key worker status. However, some families did keep their children off for a short period of time due to personal circumstances and felt it was safer to stay at home. Preschool was still able to claim their funding money as long as we recorded these absences with a supporting email from parents explaining their absence. This money allowed all staff to work, rent to be paid, cleaning equipment, PPE to be bought, and most importantly keep Pre-school open for the future. Staff continued to work full time and within a couple of weeks we were back to full numbers and ended the Pre-school year with no covid cases. We operated at full capacity throughout the Summer term.
Financial review
The charity has made a surplus of £15,254 in the year. Unrestricted funds are showing a surplus of £13,285 and restricted funds are showing a surplus of £1,969 for the year. At the year end, the total fund balances were £92,891 of which £90,922 was unrestricted and £1,969 restricted.
Reserves and Financial Health
The Trustees regularly review the finances, budgets and spend against budget together with a monthly cash flow analysis as part of the effective management of the pre-school.
Approved on behalf of the board of trustees, by:
K Bird
Karen Bird
~~______~~ signed on 21/03/2022, 14:23:44 GMT Chair
22/04/2023 __ 2021
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MOUNT VIEW PRE-SCHOOL
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of the charity for the year ended 31 August 2021, which are set out on pages 8 to 14.
Respective responsibilities of trustees and examiner
The trustees, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011, Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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i. Examine the accounts under section 145 of the 2011 Act;
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ii. To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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iii. To 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 commission. An examination included 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 explanation 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:
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a) Which gives me reasonable cause to believe that in any material respect the requirements:
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i. To keep accounting records in accordance with section 386 of the Companies Act 2006; and
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ii. To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charites;
Have not been met; or
- b) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
signed on 21/03/2022, 14:54:06 GMT S Nicholson BA (Open) (Hons) MAAT Nicholson & Co Accountancy
15 March 2022
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MOUNT VIEW PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Notes Unrestricted funds Restricted funds £ £ Incoming resources from generated funds Grants and donations 2 2,281 112,621 Investment income 3 0 0 Incoming resource from charitable activities 4 12,988 0 Total incoming resources 15,269 112,621 Resources expended Raising funds 0 0 Charitable activities 0 110,652 Other 1,984 0 Total resources expended 5 1,984 110,652 Net income/(expenditure) for the year Net movement in Funds 13,285 1,969 Fund balances at brought forward 77,637 0 Fund balances at carried forward 90,922 1,969 |
Total 2021 Total 2020 £ £ 114,902 95,357 0 0 12,988 9,056 127,890 104,413 0 0 110,652 95,863 1,984 1,139 112,636 97,002 15,254 7,411 77,637 70,226 92,891 77,637 |
|---|---|
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MOUNT VIEW PRE-SCHOOL
BALANCE SHEET AS AT 31 AUGUST 2021
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand LIABILITIES Creditors: Amounts falling due within one year 11 Amounts falling due over one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES INCOME FUNDS Restricted funds 13 Unrestricted funds TOTAL CHARITY’ FUNDS 16 |
2021 0 85,749 85,749 (500) 0 |
7,642 7,642 92,891 92,891 1,969 90,922 92,891 |
2020 0 97,729 97,729 (23,588) 0 |
3,496 3,496 74,141 77,637 0 77,637 3,496 3,496 |
|---|---|---|---|---|
The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015).
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
02/08/2024
The accounts were approved by the Board on ___ and signed on its behalf by:
Karen Bird
~~_______~~ signed on 21/03/2022, 14:23:44 GMT K Bird Chair
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
1.1 Charity Information
The charities principal address is at Mount View Methodist Church, Derbyshire Lane, Sheffield, S8 8SG.
The principal business activity is pre-school.
1.2 Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'). The financial statements have been prepared on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.
The financial statements are presented in Sterling (£)
1.3 Going Concern
After reviewing the companies’ forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
1.4 Incoming resources
Donations and grants received are allocated between restricted and unrestricted funds and between the difference types of incoming resources according to their nature. Grants for revenue expenditure and capital expenditure are recognised in the statement of financial activities on a receivable basis.
Other incoming resources, including investment income, are recognised in the statement of financial activities on a receivable basis.
1.5 Resources expended
Resources expended are recognised in the year in which they are incurred and include irrecoverable VAT. Resources expended are allocated to heading within the statement of finance activities based on the actual purpose of the expenditure.
Charitable activities represent the direct costs incurred in the provision of the company’s services, and include all support costs.
Governance costs represent the cost of managing and administrating the company as a statutory vehicle
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less its estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 15% straight line
Items of capital expenditure of less than £100 are not capitalised but are treated as revenue expenditure in the period in which the expenditure is incurred, however items costing less than £100 can be capitalised at the trustees’ discretion.
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
1.7 Leasing and hire purchase commitments
Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease.
1.8 Investments
Fixed asset investments are stated at market value.
1.9 Pensions
The charity operates a defined contributions scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.
1.8 Accumulated funds
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and uses of the restricted funds are set out in the notes to the accounts.
2. GRANTS AND DONATIONS
| Unrestricted Donations Restricted Nursery Grant Bee Fund Grant |
Total 2021 Total 2020 £ £ 2,281 1,122 2,281 1,122 112,621 94,235 0 0 112,621 94,235 |
|---|---|
3. INVESTMENT INCOME
Interest receivable
0
0
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Unrestricted funds Restricted funds Total 2021 £ £ £ Charitable activities 12,988 112,621 125,609 luded within income relating to charitable activities are the following grants Total 2021 £ Unrestricted Snack, shop sales 2,783 Misc sales 22 Trips and sports days 0 Fees from parents 10,183 12,988 Restricted Nursery Grant 112,621 Bee Fund Grant 0 112,621 |
Total 2020 £ 103,291 Total 2020 £ 165 1,218 115 6,069 9,056 94,235 0 94,235 |
|---|---|
Included within income relating to charitable activities are the following grants
5. TOTAL RESOURCES EXPENDED
| Charitable activities Charitable activities Activities undertake directly Grant funding of activities Total Other costs |
Staff costs Depreciation £ £ 95,707 0 - - 95,707 0 0 1,484 95,707 1,481 |
Other costs £ 14,945 - 14,945 500 15,445 |
Total 2020 £ 110,652 - - 110,652 1,984 112,636 |
Total 2019 £ 95,863 - - 95,863 1,139 97,002 |
|
|---|---|---|---|---|---|
Other costs includes payments to the independent examiner of £500 for independent examination fees.
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
6. ACTIVITES UNDERTAKEN DIRECTLY
Charitable activities expenses Other costs relating to community activities comprise: Fundraising Costs Establishment Costs Repairs & Maintenance Office Expenses Printing, posting & stationery Subscriptions and donations Sundry and other costs Cleaning Travel |
2021 £ 2,173 955 10,341 0 853 202 0 233 188 0 14,945 |
2020 £ 2,198 102 8,238 0 1,266 292 0 696 89 16 12,897 |
|---|---|---|
7. TRUSTEES
During the year one trustee received remuneration of £19,888.75 from the charity, as they are employed by the charity and are only listed as a trustee due to requirements of Ofsted.
8. EMPLOYEES
Number of employees The average monthly number of employees during the year was: Charity employees Trustees Volunteers Employment costs Wages and salaries Social security costs Other pension costs Other Staffing costs(including staff training) |
2021 £ 9 7 0 16 86,299 5,518 2,508 1,382 95,707 |
2020 £ 9 9 0 18 77,304 3,186 2,157 319 82,966 |
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
9. TANGIBLE FIXED ASSETS
| Fixtures, | ||||
|---|---|---|---|---|
| fittings & | ||||
| equipment | ||||
| £ | ||||
| Cost | ||||
| At beginning of year | 4,261 | |||
| Additions | 5,630 | |||
| At End of year | 9,891 | |||
| Depreciation | ||||
| At beginning of year | 765 | |||
| Charge for the year | 1,484 | |||
| At End of year | 2,249 | |||
| Net book value | ||||
| At End of year | 7,642 | |||
| At beginning of year | 3,496 | |||
| 10. | DEBTORS | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | 0 | 0 | ||
| Amounts owed by group undertakings | 0 | 0 | ||
| 0 | 0 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Trade creditors | 0 | 0 | ||
| Loans | 0 | 0 | ||
| Taxes and social security costs | 0 | 0 | ||
| Other creditors | 0 | 0 | ||
| Accruals | 500 | 500 | ||
| Deferred Income | 0 | 23,088 | ||
| 500 | 23,588 |
12. PENSION AND OTHER POST-RETIREMENT BENEFITS COMMITMENTS DEFINED CONTRIBUTION
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represent contributions payable by the company to the fund.
Contributions payable by the company for the year |
2021 £ 2,508 |
2020 £ 2,157 |
|---|---|---|
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MOUNT VIEW PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
13. RESTRICTED FUNDS
The income funds of charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purpose:
| Balance at | Incoming | Resources | Balances | |
|---|---|---|---|---|
| beginning | resources | expended | at end of | |
| of year | year | |||
| £ | £ | £ | £ | |
| Nursery Grant | 0 | 112,621 | 110,652 | 0 |
| Bee Fund | 0 | 0 | 0 | 0 |
| 0 | 112,621 | 110,652 | 0 |
All restricted funds have sufficient resources that they may be applied in accordance with the restrictions.
14. COMMITMENTS UNDER OPERATING LEASES
At the year end the company has no annual commitments under non-cancellable operating leases.
15. RELATED PARTIES
There are no related parties
16. SUMMARY OF FUND MOVEMENT
| Balance brought forward £ Unrestricted funds 77,637 Donations Restricted: Nursery Grant 0 Bee Fund 0 77,637 |
Income Expenditure Balance carried forward £ £ £ 12,988 1,984 88,641 2,281 0 2,281 112,621 110,652 1,969 0 0 0 127,890 112,636 92,891 |
|---|---|
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