Gipsey Bridge Pre School
Accounts for the Year Ending 31st August 2020
Prepared by Fastax 20-22 South Street Boston Lincs PE21 6HT
Accountants, Tax Advisors, Bookkeepers & Payroll Processors
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2020
Charity Information & Contents
Trustees
Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell
Charity Number
1101174
Registered Office
2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP
Business Address
2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP
Accountants
Fastax 20-22 South Street Boston Lincs PE21 6HT
Contents
| Page | 1 | Trustees Report |
|---|---|---|
| Page | 2 | Accountants Report |
| Page | 3 | Trading Account |
| Page | 4 | Balance Sheet |
| Page | 5 | Notes |
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2020
Trustees Report for the Year Ending 31st August 2020
The Trustees present their annual report on the affairs of the Charity and the accounts which have been prepared in accordance with the accountants report.
Names of Trustees
The Trustees of the Charity and their beneficial interest in the share capital is as stated below:
Name
Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell
Principal Activities
The principal activity of the Charity through the period has been to Provide education to children Pre School
Abbreviated Report
The report of the Trustees has been prepared under the special provisions relating to small companies.
Approval
This report was approved by the board on 15th September, 2020 and signed on its behalf.
Maxine Holland
- Trustee
Page 1
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2020
Accountants' Report to the Trustee's on the un-audited Accounts of Gipsey Bridge Pre School
We report on the accounts for the year ended 31st August 2020, set out on pages 1 to 5.
Respective responsibilities of Trustees and reporting accountants
As described on page 4 the Charity's Trustees are responsible for the preparation of the accounts, and they consider that the Charity is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
Basis of opinion
Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and our procedures consisted of comparing the accounts with the accounting records kept by the Charity, and making such limited enquiries of the officers of the Charity as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
Opinion
In our opinion:
-
(a) the accounts are in agreement with the accounting records kept by the Charity under section 221 of the Companies Act 1985
-
(b) having regard only to, and on the basis of, the information contained in those accounting records:
-
(I) the accounts have been drawn up in a manner consistent with the accounting requirements specified in section 249( 6) of the Act and
-
(II) the Charity satisfied the conditions for exemption from an audit of the accounts for the year in section 249 A of the Act and did not, at any time in that period, fall within any
- of the categories of companies not entitled to exemption specified in section 249 (1)
Signed
Reporting Accountants
Fastax
20-22 South Street Boston Lincs PE21 6HT
13th, March 2025
Page 2
Gipsey Bridge Pre School
Surplus and Deficit Account
Accounts for the Year Ending 31st August 2020
| Sales Donations/Grants Fundraising Less: Cost of Sales Toys/Creative/play resources Entertainment - Children Food Books Gross Surplus Less: Establishment Expenses Repairs & Renewals Insurance Less: Administrative Expenses Wages Pension Cost Professional Fees Rents Computer Cost Telephone & Internet Cleaning Accountancy Sundries & Subscriptions Depreciation Entertainment - Staff Training Printing Postage & Stationery Advertising Bank Charges Clothing Costs Operating Surplus for the year Add: Interest Receivable Surplus / (Deficit) Tax on Surplus on ordinary activities Surplus / (Deficit) for the year after taxation Surplus / (Deficit) brought forward Surplus carried forward |
84,432 14,349 683 3,627 350 1,864 124 5,965 111% 93,499 5,460 852 6,312 86,447 1,167 - 4,375 200 1,549 1,126 360 2,518 - 665 140 368 402 374 - 462 100,153 -15% (12,966) - (12,966) - (12,966) - (12,966) 2020 |
126,816 355 1,687 3,880 1,645 2,565 139 8,229 95% 120,629 1,484 852 2,336 95,861 931 - 7,500 231 1,537 814 360 128 - 615 133 607 426 268 - 1,240 110,651 6% 7,642 - 7,642 - 7,642 - 7,642 2019 |
|---|---|---|
Gipsey Bridge Pre School
Balance Sheet
Accounts for the Year Ending 31st August 2020
| Fixed Assets B/Fwd Cost at Dep'n 01/09/2019 B/Fwd Computer Equipment 25% - - Office Equipment 10% - - - - Current Assets (due within one year) Trade Debtors True Potential Suspense Cash Top Up Card Bank Savings Current Liabilities - amounts falling due within one year Net Wages Creditors Bank True Potential Accruals Directors Loan Account PAYE Corporation Tax Net Current Assets (Liabilities) Long Term Liabilities - amounts falling due after one year Total Liabilities Represented by; Capital and Reserves Share Capital Surplus and Deficit Account Shareholders Funds |
Additions Disposals - - - - - - - - - 430 1,465 37,118 - 39,013 - - - 936 450 - - - 1,386 37,627 - - - 37,627 50,593 (12,966) - 37,627 2020 |
Current period NBV at Dep'n 31/08/2020 - - - - - - - - - 430 1,465 49,706 51,601 - - - 578 430 - - - 1,008 50,593 - - - 50,593 42,951 7,642 - 50,593 2019 |
|---|---|---|
The Trustees consider that for the financial year 1st September 2019 to 31st August 2020 the Charity was entitled to exemption from audit under section 249A(1) of the companies Act 1985, and confirm that no notice has been deposited by members under section 249b(2) of CA 1985 in relation to the accounts for the year to 31st August 2020.
The Trustees acknowledge their responsibilities for ensuring that they keep accounting records which comply with section 221 of CA 1985 and preparing accounts which give a true and fair view of the state of affairs of the Charity as at 31st August 2020 and of it's Surplus or Deficit for the year ended 31st August 2020 in accordance with the requirements of section 226 C A 1985, and which otherwise comply with the requirements of CA 1985 relating to accounts so far as applicable to the Charity.
Maxine Holland Trustee 13th, March 2025
Page 4
Notes
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2020
Depreciation
Depreciation is calculated to write off the cost or valuation of all assets over their expected normal useful lives. The rate and method of depreciation are;
| Category of asset Computer Equipment Depreciating Assets Computer Equipment Office Equipment |
Rate Method 10% On Cost B/Fwd Current Cost at Dep'n period NBV at 01/09/2019 B/Fwd Additions Disposals Dep'n 31/08/2020 - - - - - - - - - - - - - - - - - - |
|---|---|
Basis of the accounts preparation
The accounts are prepared under the historical cost convention and include the results of the Charity's operations which are described in the director's report. All the activities are continuing. The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small Charity.
Turnover
Turnover comprises the invoiced value of goods and services provided by the Charity. All of which are stated net of VAT.
Operating (Deficit) Surplus
| The operating (Deficit) Surplus is stated after charging: Depreciation - owned assets |
0 2020 |
- 2019 |
|---|---|---|