## **Queniborough Preschool partnership - Treasurer’s Report for the year to 3[rd] August 2022** The Accounts to which this report relates, covered a period that was partly administered by the previous committee and a period when the new committee could not influence what needed to happen/change as the volume of red tape associated with the new committee being installed, took such a long time. The Ofsted report that took place at the beginning of 2022 did us no favours at all and it has taken and is taking a greater length of time for us to resolve all of the issues that emanated from that report. We are now in a better position to move forward with rebuilding QPS to benefit the local community and parents. The accounts that are presented to you show a breakeven situation: although income rose by 14%, the overheads rose by 18.9%. This is clearly not a satisfactory state of affairs and one which the new committee is addressing albeit the results of our labours are slow in achieving the desired results. The Partnership is still viable as the Balance Sheet shows but more needs to be done in order to continue and to build upon the previous successes. The new committee is seeking assistance from our stakeholders to address issues with both the rising costs and the reduction in income that the 2023 accounts will inevitably show. We are, however, staying positive and are looking forward to once again becoming a tour de force for early learning withing the Queniborough area. Robert Geary Treasurer 5[th] July, 2023 Charity number: 1097613 (England and Wales) Queniborough Pre School Partnership (Charity) Report of the Trustees and Unaudited Financial Statements For the period ended 31 July 2023 Queniborough Pre School Partnership (Charity) Contents Page For the period ended 31 July 2023 |Report of the Trustees|1| |---|---| |Statement of Financial Activities|2| |Statement of Financial Position|3| |Notes to the Financial Statements|4 to 7| |Detailed Statement of Financial Activities|8| Queniborough Pre School Partnership (Charity) Report of the Trustees ## For the period ended 31 July 2023 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 31 July 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Queniborough Pre School Partnership (Charity) **Charity registration number** 1097613 **Principal address** Village Hall Rearsby Road Queniborough Leicestershire LE7 3DH ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Robert Geary Rachael Misiuda Felicity Mount Sarah Merriman **Independent examiners** R H Ball & Co 7 BROOK PARK GADDESBY LANE REARSBY LEICESTER LE7 4ZB Approved by the Board of Trustees and signed on its behalf by ............................................................................. Robert Geary 05 December 2023 1 of 8 ## Queniborough Pre School Partnership (Charity) Statement of Financial Activities (including Income and Expenditure account) For the period ended 31 July 2023 |**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activites
3
Investments
4
**Total**
**Expenditure on:**
Raising funds
5
**Total**
**Net expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**£**
38,062
29,053
20
**67,135**
)
(84,001
**)**
**(84,001**
**)**
**(16,866**
50,566
**33,700**|**2022**
**£**
79,889
31,994
-
**111,883**
)
(112,094
**)**
**(112,094**
**)**
**(211**
50,777
**50,566**| |---|---|---| 2 of 8 ## Queniborough Pre School Partnership (Charity) Statement of Financial Position As at 31 July 2023 |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
8
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
9
**Total funds**|**£**
**2023**
34,180
**34,180**
)
(480
**33,700**
**33,700**
**33,700**
33,700
**33,700**|**£**
**2022**
54,180
**54,180**
)
(3,614
**50,566**
**50,566**
**50,566**
50,566
**50,566**| |---|---|---| For the period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in - accordance with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with - respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Robert Geary Trustee 05 December 2023 3 of 8 ## Queniborough Pre School Partnership (Charity) Notes to the Financial Statements For the period ended 31 July 2023 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Queniborough Pre School Partnership (Charity) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
**ncome earned from other activities**
**Unrestricted funds**
Fund raising events
**nvestment income**
**Unrestricted funds**
Bank interest receivable|**2023**
**£**
38,062
**38,062**
**2023**
**£**
29,053
**29,053**
**2023**
**£**
20
**20**|**2022**
**£**
79,889
**79,889**
**2022**
**£**
31,994
**31,994**
**2022**
**£**
-
**-**| |---|---|---| ## **3. Income earned from other activities** ## **4. Investment income** 4 of 8 ## Queniborough Pre School Partnership (Charity) Notes to the Financial Statements Continued For the period ended 31 July 2023 ## **5. Expenditure on other trading activities** |**Unrestricted funds**
Fund raising events|**2023**
**£**
84,001
**84,001**|**2022**
**£**
112,094
**112,094**| |---|---|---| ## **6. Staff costs and emoluments** Total staff costs for the period ended 31 July 2023 were: |Salaries and wages
Pre School Staff|**2023**
**£**
67,794
**67,794**
**2023**
8
**8**|**2022**
**£**
92,941
**92,941**
**2022**
8
**8**| |---|---|---| ## **7. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **8. Creditors: amounts falling due within one year** |Trade creditors
Accruals and deferred income|**2023**
**£**
-
480
**480**|**2022**
**£**
350
3,264
**3,614**| |---|---|---| 5 of 8 ## Queniborough Pre School Partnership (Charity) Notes to the Financial Statements Continued ## For the period ended 31 July 2023 ## **9. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**04/08/2022**
**£**
50,566
**50,566**
**Balance at**
**04/08/2021**
**£**
50,777
**50,777**|**Incoming**
**resources**
**£**
67,135
**67,135**
**Incoming**
**resources**
**£**
111,883
**111,883**|**Outgoing**
**resources**
**£**
)
(84,001
**)**
**(84,001**
**Outgoing**
**resources**
**£**
)
(112,094
**)**
**(112,094**|**Balance at**
**31/07/2023**
**£**
33,700
**33,700**
**Balance at**
**03/08/2022**
**£**
50,566
**50,566**| |---|---|---|---|---| ## **Purpose of unrestricted Funds** ## General We provide sessional day care for children who live in the village and surrounding villages ## **10. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
33,700
33,700
**33,700**
**33,700**| |---|---| 6 of 8 ## Queniborough Pre School Partnership (Charity) Notes to the Financial Statements Continued For the period ended 31 July 2023 ## **Previous year** **Unrestricted funds** _General_ General **Net current Net Assets assets / (liabilities) £ £** 50,566 50,566 **50,566 50,566** 7 of 8 ## Queniborough Pre School Partnership (Charity) Detailed Statement of Financial Activities For the period ended 31 July 2023 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Fees - Funding
**Other trading activities**
Fund raising events
Fees - Pupils
**Investments**
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Staff costs - wages & salaries
Rent
Purchases & Consumables
Training & DBS
Miscellaneous
Administration
Website
Insurance
**Total resources expended**
**Net Expenditure**|**£**
**2023**
38,062
**38,062**
837
28,216
**29,053**
20
**20**
**67,135**
)
(67,794
)
(8,801
)
(3,862
)
(801
-
)
(2,027
)
(254
)
(462
**)**
**(84,001**
**)**
**(84,001**
**)**
**(16,866**|**£**
**2022**
79,889
**79,889**
313
31,681
**31,994**
-
**-**| |---|---|---| |||**111,883**
)
(92,941
)
(9,161
)
(5,216
)
(700
)
(446
)
(2,917
)
(272
)
(441
**)**
**(112,094**| |||**)**
**(112,094**
**)**
**(211**| 8 of 8 This page does not form part of the statutory financial statements ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**|Queniborough Pre School Partnership (Charity)|Queniborough Pre School Partnership (Charity)|Queniborough Pre School Partnership (Charity)| |---|---|---|---| ||||| ||31/07/2023|**Charity no**
**(if any)**|1097613| ||||| ||(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 / 07 / 2023.** **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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:** 05/12/2023 **Signed: Name:** Nigel Ball **Relevant professional** FFA, FTCA **Oct 2018** 1 **IER** ## **qualification(s) or body (if any):** **Address:** 7 Brook Park, Gaddesby Lane Rearsby, Leicestershire LE7 4ZB ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of** N/A **any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER**