## **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
_1_
## **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
_2_
## **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
_3_
## **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.
_4_
**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**
_5_
**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.
_6_
**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**|
_7_
**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||-||-|-||-|
_8_
**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 -
_9_
**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_**|
|---|---|---|---|---|---|---|
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_10_