2022-12-31-accounts - The Learning Tree Pre- School

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

THE LEARNING TREE PRE-SCHOOL

Unaudited Report and Financial Statements For the year ended 31 December 2022

Charity number: 1091155

THE LEARNING TREE PRE-SCHOOL

Financial statements for the year ended 31 December 2022

*Contents*	*Pages*
Legal and administrative information	1
Report of the trustees	2
Accountants Report	3
Statement of financial activities	4
Balance sheet	5
Notes to the financial statements	6-9
Detailed profit and loss account	10

THE LEARNING TREE PRE-SCHOOL

Legal and administrative information

Reference and administrative details

Registered Office:

Rowdown Primary School Calley Down Crescent New Addington Croydon Surrey CR0 0EG

Charity registration number:

1091155

Ofsted registration number:

RP904636

Accountants:

Warren Day 5 A Whytecliffe Road South Purley CR8 2AY

Bankers:

Santander Commercial Bank BRAM, Bridle Road, Bootle, Merseyside GIR 0AA

Trustees:

Melanie Moore Carole Bonner Robert Elliott

THE LEARNING TREE PRE-SCHOOL

Report of the trustees for the year ended 31 December 2022

Trustees' responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. 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 irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005).

Approved by the trustees on 12 October 2023 and signed on its behalf by:

Carole Bonner – Chair of Trustees

THE LEARNING TREE PRE-SCHOOL

Independent examiners report to the Trustees of The Learning Tree

Pre-School

I report on the accounts of the Charitable Company for the year ended 31 December 2022, which are set out on pages 4 to 10.

Respective responsibilities of trustees and reporting accountants

The Trustees are responsible for the preparation of the accounts. The Board Members consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (“2011 Act”) and that an Independent Examination is needed.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

(i) Examine the accounts under section 145 of the 2011 Act;
(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
(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 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 such matters. The procedures undertaken do not provide all of 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:

(a) which gives me reasonable cause to believe that in any material respect the requirements: (i) To keep accounting records; and
(ii) To prepare accounts with the accounting records and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;
(b) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jose Goncalves MAAT

Warren Day

Jose Goncalves

THE LEARNING TREE PRE-SCHOOL

Statement of financial activities for the year ended 31 December 2022

Notes Incoming Resources *Incoming resources from* *generated funds* Voluntary Income 2 Incoming resources from charitable activities 3 Total incoming resources Resources expended Charitable activities Governance Costs Total resources expended 4 Net incoming/(outgoing) resources before transfers revaluations and investment asset disposals Net Movement in Funds Balance at 1st Jan Unrestricted redundancy reserve Balance at 31st Dec	Unrestricted Funds - 2022 Unrestricted Funds - 2021 314,223 332,403 27,501 21,037 341,724 353,440 388,510 2,327 367,703 2,327 390,837 370,030 (49,113) (16,590) (49,113) (16,590) 248,982 265,572 (54,992) 248,982 144,877 248,982	Unrestricted Funds - 2022 Unrestricted Funds - 2021 314,223 332,403 27,501 21,037 341,724 353,440 388,510 2,327 367,703 2,327 390,837 370,030 (49,113) (16,590) (49,113) (16,590) 248,982 265,572 (54,992) 248,982 144,877 248,982

The notes on pages 6 to 10 form part of these financial statements.

THE LEARNING TREE PRE-SCHOOL

Balance sheet as at 31 December 2022

Notes Current Assets Cash at bank and in hand Less: Accrued expenses Amounts due within one year Provisions for liabilities Total assets less current liabilities Represented By: Unrestricted redundancy reserve Unrestricted Funds 8	2022 £ 201,507 (1,638) (54,992) 144,877 54,992 89885 144,877	2021 £ 248,982 248,982
		248,982 248,982

Approved by the Trustees on 12 October 2023 and signed on their behalf.

Trustee

THE LEARNING TREE PRE-SCHOOL

Notes to financial statements for the year ended 31 December 2022

1 Accounting policies

The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.

a) Basis of accounting

The financial statements have been prepared under the historical cost convention and are in accordance with the FRS102 Section 1A Small Entities: Accounting and Reporting by Charities issued in March 2005 and applicable accounting standards.

b) Tangible Fixed Assets and Depreciation

Tangible fixed assets are included in the balance sheet at cost or at market value at the date of the gift.

Depreciation is calculated by reference to the cost of fixed assets using a straight-line basis considered appropriate to the expected lives of the fixed assets. The annual rates of depreciation in use are:

Furniture and Fitting 25% Computer and office equipment 33%

c) Funds

Unrestricted: these are funds, which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted : these are funds that can only use for particular restricted purposes defined by the benefactor and within the objects of the charity.

d) Incoming resources

Incoming resources from charitable activities funds represents net invoiced sales of goods and services, excluding value added tax.

Donations and other voluntary income are recognised when the Pre-School becomes legally entitled to such monies.

Grants are recognised in the year in which they are approved and notified.

THE LEARNING TREE PRE-SCHOOL

Notes to financial statements for the year ended 31 December 2022

1 Accounting policies (cont.)

e) Resources expended

Expenditure is recognised when a liability is incurred.

Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Support costs include central functions and have been allocated to cost categories on a basis consistent with the use of resources.

f) VAT

The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

2 Voluntary Income

Early Years Funding Grants Total 3 Charitable Activities *Provision of pre-school nursery education* Attendance Fees /Early Year Fess/ Childcare Fee Total 4 Total Resources Expended Staff Costs 2022 2021 Cost for Generating Funds Activities Charitable activities Pre-School activities 327,634 318,137 Total resources expended 327,634 318,137	Support Costs 2022 2021 63,203 51,893 63,203 51,893	2022 £ 310,232 3,991 314,223 2022 £ 27,501 27,501 Direct Costs 2022 2021 - - - -	2021 £ 332,403 - 332,403 2021 £ 21,037 21,037 Totals 2022 2021 390,837 370,030 390,837 370,030	2021 £ 332,403 - 332,403 2021 £ 21,037 21,037 Totals 2022 2021 390,837 370,030 390,837 370,030
				370,030

THE LEARNING TREE PRE-SCHOOL

Notes to financial statements for the year ended 31 December 2022

5 Staff and Support costs

Staff Costs Wages and Salaries Social Security Pension Costs Total Support Costs Stationery, Photocopying and postage Premises, running & security costs Insurance Telephone Other Total	2022 310,784 9,871 6,979 327,634 2,463 10,894 2,325 3,126 44,395 63,203	2021 306,748 4,772 6,617 318,137 2,501 9,216 2,966 2,410 34,800 51,893

The average number of full-time equivalent employees (including casual and part time staff) during the year was as 26 (2022 – 26) and there are no staff earning above £60,000.

No trustee received neither any remuneration nor any reimbursement of expenses during the year.

6 Tangible Fixed Assets

	Computer		Furniture and		Office	Total
	Equipment		Equipment		Equipment
	£		£		£	£
Cost
At 1stJan 2021
and
At 31stDec 2021		-		-	-		-
Depreciation
At 1stJan 2021
and
At 31stDec 2021		-		-	-		-
Net Book Value
At 1stJan 2022
And
At 31stDec 2022		-		-	-		-

THE LEARNING TREE PRE-SCHOOL

Notes to financial statements for the year ended 31 December 2022

7 Taxation

The charity is exempt from corporation tax on its charitable activities.

8 Unrestricted Funds

The unrestricted reserve includes a £54,992 provision as the trustees have decided to establish an unrestricted reserve to cover redundancy costs in the event the charity were to be winding up in the future.

Analysis of assets by fund

Total Fixed Assets - Cash in hand 201,507 Debtors - Creditors -

Notes to financial statements for the year ended 31 December 2022

THE LEARNING TREE PRE-SCHOOL

*Income* Early year funding Early year fees Childcare fees Grants *Total Income* *Expenditure* Repairs & maintenance Staff Costs Rent Legal fees Premises, Running and Security Costs Printing, Stationery & P. PPE – Work Safety cost Insurance Toys and play materials Telephones Accountants fees Training Charitable donations Sundry *Total Expenditure* *Net Income/(Loss)* *Net Movement in Funds* General fund balance as at 1st Jan Net deficit for year Unrestricted redundancy reserve Balance as at 31st Dec			310,232 2,263 25,238 3,991 *341,724* 672 327,634 16,729 1270 12,392 2,463 2,716 2,325 16,964 3,126 2,327 1,107 41 1,071 *390,837* *(49,113)* 248,982 (49,113) (54,992) *144,877*			332,403 1,989 19,048 *353,440* 2,730 318,137 17,432 9,216 2,501 2,568 2,966 6,186 2,410 2,327 2,370 87 1,100 *370,030* *(16,590)* 265,572 (16,590) *248,982*