## 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**| |---|---|---|