Company registration number: 04848315
Charity registration number: 1100327
Redwood Pre-school
{A company limited by guaTantee}
Annual Report and Financial Statements
for the Year Ended 31 August 2021
Field Sullivan Limited
70 Royal Hill
Greenwich
SEIO 8RF

Redwood Pre•School
Contents
Reference and Administrative Detsi15
Trustees, Report
Independent Examinerfs Report
3to4
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
8t019

Redwood Pre-school
Reference and Administrative Details
Chalr
Helen Fawbert
Trustees
Helen Fawbert
Farzana Hussain
Kirstie Macqueen
Stacey Young
Christopher Dell
claren￿ De silva
Nicholas Hallbery
Yu Jung Lee
Anna Patriaa Yates
Secretary
Christopher Dell
Charlty Reglstratlon Number
1100327
Company Registration Number
04848315
Registered Office
The Bell Cent
3 Holloway Road
London
EII 4LD
Principal Office
The Bell Centre
3 Holloway Road
London
EII 4LD
Independent Examiner
Field Sullsvan Limited
70 Royal Hill
Greenwich
SEIO 8RF
Page I

Redwood Pre-school
Trustees. Report
This report should be read in conjunction with the Annual Report for the year ended 31 August 2021.
Public Benefit
The view of the management committee is that the charity has had proper regard for its oblig3tion5, a5
registered charity. towards the Charity Commission's published guidance note5 On public benefits. In
particular, the charity continues to be fully inclusive whereby all children of the relevant ages are eligible to
join the pre-schools services including children with special educational needs and disabilities. The charity ha5
a150 continued its policy of sharing experiences with organisations of a similar nature. within reasonable
geogrdphic bounds.
Statement of Trustees. Responsibilities
The trustees (who are also the directors for the purpose of company tawl are responsible for preparing the
Annual Report and the financial statements in accordan￿ with applicable law and regulations.
Company law requires the trustees to prepare financial ststements for each financial year. Under that law the
trustees must prepa￿ the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice {Untted Kingdom Accounting Standards and applicable lawl. Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources,
including the income and expenditu￿. of the charitable company for that period.
In preparing these financial statements, the trustees are required to:
al select Suitable accounting policies and then apply them consistently:
b} observe the methods and principles in the Charities SORP:
c) make judgments and accounting estimates that are reasonable and prudent;
dl state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements- and
el prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the
charitable company will continue to operate.
The tnjstees are responsible for keeping adequate accouriting record5 that are sufficient to show and explain
the charitable companrf5 transartions and disclose with reasonable accuracy at any time the financial position
of the charitable company and enable them to ensure that the financial statements comply with the
Companies Att 2006. They are also responsible for safeguardinE the assets of the company and hence for
taking reasonable step5 for the prevention and detettion of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 9 May 2022 and signed on its behalf by:
Helen Fawbert
Chair and trustee
Page 2

Redwood Pre-school
Independent Examiner's Report to the trustees of Redwood Pre-school ("the Company")
I report to the trustees (who are also Dlrertors for the purpose of company lawl on my examination of the
financial statements of Redwood Pre-school I'the charitable company'l for the year ended 31 August 2021
which comprise the Statement of Financial Activities, the Balance Sheet. the Statement of Cash Flows and
related notes.
This report is made solely to the charFVs trustees, as a body, in accordance with section 145 of the Charities
Act 2011. My work has been undertaken so that I might state to the charitys trustees those matters l am
required to state to them in thi5 report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responsibility to anyone other than the charity and the charity5 trustees as a body. for
my work. for this report. or for the opinions I have formed.
Responsibilities and basis of report
As the charit15 trustees of Redwood Prtrschool you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2(K￿ {'the 2LNJ6 AcV}.
Having satisfied myself that the accounts of Redwood Pre-school are not required to be audited under Part 16
of the 2006 Art and are eligible for independent examination. I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charities Art 2011 1.the 2011 ACV). In carrying out
my examination I have followed the Direttions given by the Charity Commission under sectton 145{51{bl of the
2011 Act.
An independent examination does not involve gathering all the eviden￿ that would be required in an audit
and consequently does not cover all the matters that an auditor considers in giving their opinion on the
financial statements. The planning and conduct of an audit goes beyond the limited assurance that an
independent examination can provide. Consequently l express no opinion as to whether the financial
statements present a 'true and fairf view and report is limited to those specific matters set out in the
indepersdent examinerfs statement.
Independent examine¢5 Statement
Since Redwood Pre-school's 8r055 income exceeded £250.(m your examiner must be a member of a body
listed in sertion 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a
member of ICAEW which is one of the listed bodies.
I have completed my examinathjn. I confirm that no matters have come to my attention in connertion with the
examination giving me cause to believe:
accounting records were not kept in respect of Redwood Pre-Sch(x)l as required by section 386 of the
2006 Act; or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the accounting requirements of settion 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view, whKh is not a matter considered a5 part of
an independent examination,- or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practi￿ for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
Page 3

Redwood Pre-sthool
Independent Examiner's Report to the trustees of Redwood Pre-school ("the Company")
I have no concerns and have come acros5 no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be
reached.
Timothy Sullivan FCA
Field Sullivan Limited
70 Royal Hill
Greenwich
SEIO 8RF
/£
Page 4

r4

Redwood Pre-school
(Registration number: 04848315)
Balance Sheet as at 31 August 2021
2021
2020
Note
Fixed assets
Tangible assets
12
5,295
6,286
Current assets
Deblor5
13
22,633
253,704
14.022
291.080
Cash at bank and in hand
14
276.337
305.102
Creditors: Amounts falling due within one year
111.3931
111.6091
Net current assets
264.944
293,493
Net assets
270.239
299,779
Fund5 of the charity:
Unrestricted income funds
Unrestricted
270.239
299,779
Total funds
19
270,239
299.779
For the financial year ending 31 August 2021 the charity was entitled to exemption from audit under settion
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities".
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476- and
The directors acknowledge their responsibilities for complying with the requirements of the Art with
respert to accounting records and the preparation of accounts.
The financial statements on pages 5 to 19 were approved by the trustees. and authorised for issue on 9 May
2022 and signed on their behalf by=
Helen Fawbert
Chair and trustee
The notes on pages 8 to 19 form an integral part of these financial statements.
Page 6

Redwood Pre-school
Statement of Cash Flows for the Year Ended 31 August 2021
2021
2020
Note
Cash flows from operating artivities
Net cash lexpenditure)/income
(29.541)
9.117
Adjustments to cash flows from rbon-cash items
Depreciation
Investment income
3.501
{1.063}
7.505
{1,5671
(27,103)
15,055
Working capital adjustments
Ilncreasel/decrease in debtor5
(Decreasel/increase in creditors
(8.611)
(216)
5,303
2.987
15
Net cash flows from operating actpiities
135,930)
23,345
Cash flows from investing acttvities
Interest receivable and similar income
1.ffi3
{2.510)
1,567
18581
Purchase of tangible f￿ed assets
12
Net cash flows from investing activities
(1.4471
709
Net Idecrease}/increase in cash and cash equbvalents
(37,377)
24,054
Cash and cash equivalents at I September
291,080
267.026
Cash and cash equivalents at 31 August
253.703
291.080
All of the cash flows are derived from continuin8 operations during the above two periods.
The notes on pages 8 to 19 form an integral part of these financial statements.
Page 7

Redwood Pre-school
Notes to the Financial SLatements for the Year Ended 31 August 2021
I Charity status
The charity is limited by Euarantee, incorporated in England & Wales. and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the
charity in the event of liquidation.
The address of its registered office is:
The Bell Centre
3 Holloway Road
London
EII 4LD
These financial statements were authorised for issue by the trustees on 9 May 2022.
2 Accounting poliae5
Summary of significant accounting policies and key accounting estlmates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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 IFRS 102) {effective l January 20191-
(Charities SORP IFRS 102} - Second edition October 2019). the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 1021. They also comply wÉth the Companies Act 2￿6 and Charities Att 2011.
Basls of preparatlon
Redwood Pre-school meets the definition of a public benefft entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a goin8
concern nor any significant areas of uncertainty that affett the carrying value of assets held by the charity.
Pa8e 8

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
Judgements and key sources of estimation uncertainty
In the application of the charitrfs accounting policies, the trustees are required to make judgements, estimates
and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimate5 and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ frorn these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the periods in which the estimate i5 reNll5ed where revisions affects only that
period, or in the period of the revision and future periods where the revisions affects both current and future
periods.
Income and endowments
All income is recognised once the charity has entitlement to the income. it is probable that the income will be
received and the amount of the Tncome re￿1vable can be measured reliably.
Donutions and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement
date. In the event that a donation is subjert to conditions that require a level of performance by the charity
before the charity is entitled to the funds. the income is deferred and not recognised until either those
conditions are fully met. or the fulfilment of those conditions 15 wholly within the control of the charity and it is
probable that these conditions will be fijlfilled in the reporting period.
Gronts receNoble
Grants are reco8nised when the charity ha5 an entitlement to the funds and any conditions linked to the grants
have been met. Where performance condrtions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the
dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that Cdtegory. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources. with central staff
costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asseY5 use.
Other sUPPOrt costs are allocated based on the spread of staff costs.
Choritoble ortivthe5
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
Costs of an indirert nature necessary to support them.
Page 9

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to
revenue are reco8nised in income over the period in which the related costs are recogni5ed. Grants relating to
assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is
deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Pardgraph I Schedule 6 of the Finan￿ Act 2010 and
therefore it meets the definition of a char¥table company for UK corporation tax purposes. Accordingly. the
charity is potentially exempt from taxation in respect of income or capital gains received within rategories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable
Gains Act 1992. to the extent that such income or gain5 are applied exclusively to charttrdble purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost. less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tan￿ble fixed assets so as to write off the cost or valuation, less any estimated
residual value. over their expected usefvl economic lrfe as follows:
Asset class
Office equipment
Fixtures and fittings
Depreciation method and rate
straight line over 4 years
straight line over 5 years
Trade debtor5
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.
Trade debtors are recognised inttialty at the transaction price. They are subsequently measured at amorti5ed
C05t using the effective interest method. les5 provision for impairment. A provision for the impairment of trade
debtors is established when there is objecttve evidence that the charity will not be able to collect all amounts
due according to the origin31 terms of the re￿IVableS.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Page 10

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve
months after the reporting date. If there 15 an unconditional right to defer settlement for at least twelve
months after the reporting date. they are presented as non-current liabilities.
Trade creditor5 are recognised inwtially at the transaction price and subsequently measured at amortised cost
using the effettive interest method.
Fund structure
Unrestricted income funds are general fund5 that a￿ a￿lIable for use at the trustees discretion in furtherance
of the objectives of the charity.
Pensions and other p05t retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructbve obligation to pay further
contributions even rf the fund does not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are reco8nised in the Statement of Financial Activities when they
are due. If contribution payments exceed the contribution due for service. the excess is recognised as 3
prep3yment.
3 Voluntary income
Unrestricted
Totsl
2021
Totsl
2020
General
Donations and legacies-
Donation5
196
196
195
Grants, inclLEding capital grants-
COVID grants
Grants
46.262
378.361
46262
378.361
38.029
384.997
424.819
424.819
423.221
4 Income from charitable activities
Unrestricted
Total
2021
Totsl
2020
General
Pre-school fees
103,524
103.524
92,466
Page 11

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
5 Income from other trading activities
Unrestricted
fund5
General
Total
funds
Events income:
Other events income
ToLIl for 2021
Page 12

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
6 Investment income
Unrestricted
funds
General
Totsl
2021
Total
2020
Interest receivable and simTlar income-
Interest receivable on bank deposits
1.063
1,063
1,567
7 Other income
Unrestricted
Total
2021
Total
2020
General
Other income
1,318
1,318
5,519
Page 13

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
8 Expenditure on d)aritable activities
Total
2021
Total
2020
Wages and salaries
Social security costs
Pension costs
394.774
24.655
9.889
1.704
53.719
33B74
4.422
8,651
392,542
24,863
10,283
1,155
3.798
33,927
4.249
8,369
2,317
2,472
1.188
2,962
311
Staff training
Agency staff
Premises costs and uttltties
Insurance
Repairs and maintenance
EHC equipment
Telephone and fax
Offsce expenses
Computer software
Printin& postage and stationery
Materials and equipment
Shopping and school welfare
Sundries
3.189
642
329
1,932
5.853
4.91J)
5,730
1.734
3,582
5,852
1,615
4,890
1,716
60
Cleaning
Independent Examiner
Bank charges
Depreciation. amorti5ation and other similar costs
3,501
7,505
560.267
513,656
9 Net incomingloutgoing resources
Net (outgoing)/incoming resources for the year include:
20
2020
Depreciation of fixed assets
3.501
7.505
Page 14

Redwood Preknschool
Notes to the Financial Statements for the Year Ended 31 August 2021
10 Staff costs
The aggregate payroll costs were as follows:
2021
2020
Staff costs during the year were:
Wages and Salaries
Social security costs
Pension c05t5
394,774
24,655
9,889
392.542
24.863
10,283
429,318
427,688
No employee received emoluments of more than £60.0￿ during the year.
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
Furniture and
equipment
Computer
equipment
Totsl
C05t
At I September 2020
Additions
42,758
2.510
6,351
49,109
2.510
At 31 August 2021
4S,268
6.351
51.619
Depreclation
At I September 2020
Charge for the year
37.365
3.162
5.458
339
42.823
3,501
At 31 August 2021
40,527
5.797
46.324
Net bookvalue
At 31 August 2021
4.741
554
5.295
At 31 August 2020
5.393
893
6,286
Page 15

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
13 Debtors
2021
2020
Trade debtors
12.843
4.204
5.586
5,290
4.136
4.596
Prepayments
Accrued income
22.633
14.022
14 Cash and cash equivalents
2021
2020
Cash at bank
253,704
291.080
15 Creditors: amounts falling due within one year
2021
2020
Trade creditors
2.124
6.398
1,137
1.734
69
Other taxation and social security
Other creditors
8.339
1,485
1,716
Accruals
11.393
11,609
16 Pension and other schemes
Defined contribution pension schenie
The charity operates a defined contribution pension scheme. The pensiori cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £9,889 (2020- £10.283).
Page 16

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
17 Analysis of net funds
At I September Flnanclng cash
2020
At 31 August
2021
Cash at bank and in hand
291.080
137.377)
253,703
Net debt
291,080
(37,377)
253,703
At I September
2019
Financing cash
flows
At 31 August
2020
Cash at bank and in hand
267,026
24.055
291.081
Net debt
267.026
24,055
291,081
18 Covid 19
This year has again. had unprecedented challenges due to COVID-19. and Redwood Pre-school has risen to
meet these, adapting and changing to meet the needs of thildren and their families whilst managing the risks
as best as possible. following government guidance throughout. Amongst the challenges faced have been
financlal plannlng with a lot of uncertainty regarding funding and reduced ability to fundraise. ongoing
restrictions on services and significant decrease in demand for places.
During the year the charity received £46.26212020: £38,029) of COVID grants, thi5 included £37,500 Hardship
Grant, £1.336 COVID SSP reclaim and £7,426 ofJRS claims.
Page 17

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
19 Funds
2021
Balano at I
September
2020
Incoming
resources
Resources
expended
Balance at 31
August 2021
Unrestricted
General
299.780
530,726
(560.267)
270,239
2020
Balan￿ at I
September
2019
Incoming
resour
Re50urces
expended
Balance at 31
August 2020
Unrestricted
General
290,662
522,773
1513.656)
299,779
Page 18

Redwood Pre-school
Notes to the Financial Statements for the Year Ended 31 August 2021
20 Analysi5 of net assets between funds
2021
Unrestricted
funds
General
Totsl funds at
31 August
2021
Tangible fixed assets
Current assets
5.295
276.337
(11.393)
5,295
276,337
(11,3931
Current liabilities
Total net assets
270.239
270,239
2020
Unrestrirted
funds
General
Totsl funds at
31 August
2020
Tangible fixed assets
Current assets
6.286
305.102
111.609)
6,286
305,102
{11,6091
Current liabilities
Total net assets
299.779
299,779
Page 19