Gipsey Bridge Pre School
Accounts for the Year Ending 31st August 2021
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 2021
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 2021
Trustees Report for the Year Ending 31st August 2021
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, 2021 and signed on its behalf.
Maxine Holland
- Trustee
Page 1
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2021
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 2021, 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 2021
| 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 |
129,375 20,669 246 3,505 990 3,083 397 7,975 110% 142,315 3,181 900 4,081 96,311 1,237 - 7,082 90 1,513 1,696 360 1,643 - 1,405 250 750 630 300 - 1,748 115,015 18% 23,219 - 23,219 - 23,219 - 23,219 2021 |
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 |
|---|---|---|
Gipsey Bridge Pre School
Balance Sheet
Accounts for the Year Ending 31st August 2021
| Fixed Assets B/Fwd Cost at Dep'n 01/09/2020 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 60,546 - 62,441 - - - 995 600 - - - 1,595 60,846 - - - 60,846 37,627 23,219 - 60,846 2021 |
Current period NBV at Dep'n 31/08/2021 - - - - - - - - - 430 1,465 37,118 39,013 - - - 936 450 - - - 1,386 37,627 - - - 37,627 50,593 (12,966) - 37,627 2020 |
|---|---|---|
The Trustees consider that for the financial year 1st September 2020 to 31st August 2021 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 2021.
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 2021 and of it's Surplus or Deficit for the year ended 31st August 2021 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 2021
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 01/09/2020 B/Fwd Additions Disposals Dep'n 31/08/2021 - - - - - - - - - - - - - - - - - - |
|---|---|
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 2021 |
- 2020 |
|---|---|---|
| Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
Minutes for the Gipsey Bridge Pre-school AGM Date: 15 th November 2021 Meetng opened at: 19.00pm |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Present/Apologies/Absences |
|||||||||
| Name | Initals | Positon | Present (P), Apologies sent (A), Absent –no apologies sent (AB) |
|||||||
| Maxine Holland | MH | Manager/Member | P | |||||||
| Elaine Mitchell | EM | Secretary | P | |||||||
| Kate Dean | K.D | Chair | P | |||||||
| Rachael Gedney | R.G | Sub Member | AB | |||||||
| Rachael Peacock | R.P | Vice chair | P | |||||||
| Ruth Mountain | R.M | Treasurer | P | |||||||
| Michelle Booth | M.B | Member | P | |||||||
| Debbie Anderson | D.A | Member | P | |||||||
| 2. | Minutes of last meetng held on: November 13th2019 Prop – R.P 2nd– R.M |
|||||||||
| 3. | Maters arising from last minutes: | Current status Ongoing Ongoing (Contact Pheonix) Achieved – Sept 2020 Ongoing |
||||||||
| Descripton | By Who | Current status |
||||||||
| Consttuton –Revised copy to be sent for approval to charites commission readyfor next AGM |
MH & RH | Ongoing | ||||||||
| IT Specialist to update system/website | MH/DA | Ongoing (Contact Pheonix) |
||||||||
| Fee increase Jan/Feb 2020 | M.H | Achieved – Sept 2020 |
||||||||
| Annual Parentquestonnaire | M.H | Ongoing | ||||||||
| 4. | Chair persons report: No report given Vice chair….. Rachael Peacock would like to say a ‘Vote of thanks to Maxine for all that you do’ |
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| 5. | Treasurers Report: Since our last AGM we have had a roller coaster of events which has impacted on our fnances. When Covid frst hit we were in a year that we were monitoring very closely regarding numbers of children on role and rising costs. We had also been considering redundancies, then we were put into lockdown. Unfortunately we were not able to claim any of the government grants that were issued, this was due to us not being registered as a business paying business rates. With further investgaton into why some charites were allocated the funding and other were not I found it was based on our locaton. Charites that fell under the Boston borough council band received the grants easily however charites that fell within East Lindsey, as we do, were not given the grants unless they met strict criteria. Regardless of this we were fortunate enough to have full support from the chapel, who told us to stop paying our rent charges as soon as the lockdown was announced. When we returned in the June for two sessions per week they asked us to pay only for the hours we were here rather than the normal monthly fee. We were also paid the children’s early years funding from Lincolnshire county council based on the numbers we had the year before which luckily enough we had more children on role that year that we were expectng for the Spring and Summer term of 2020. We were also able to claim some of the furlough costs back from the government for staf. Unfortunately we had to deduct the percentage of early years funding rather than being able to claim the full 80% which did not take into account the income we would have had if we were open. We have a reserve account for unforeseeable circumstances such as redundancies etc and this money covered the non-funded income we would normally have received allowing us to pay staf what we could not claim on furlough. We were then able to cover the costs of children’s actvity packs through our regular account where our fund raising money is paid into. When we returned fve days per week in Sept 2020 we were on reduced service and therefore we lost the income for breakfast club and aferschool club however we saved on stafng costs. Staf were paid for their tme in the setng plus 80% of the hours they are contracted to work but not able to. We were able to claim this money back as it was non funded tme. As a consequence of applying for the business grants we were then contacted by land registry saying we should be registered with them and would have to pay back pay for a period of upto fve years. Documents and forms were completed and sent in, eventually they came back to us and said we do not need to pay business rates because we don’t own the building which was a relief because if they had found that we did we would of had a very large back payment to pay and stll not have been able to apply for the business grant because we would have been register afer the required date. Funding raising – obviously we were not able to do the number of fundraising events we normally do however the staf worked hard at thinking of diferent events they could ofer in the setng without parents atending. The most successful one was the sponsored mud run, this is an event that would be worth doing again this year as we raised £324.00. Looking at the year ahead – we will have a number of rising costs to consider. Firstly we have the hourly wage increase in April 2022, this is increasing by 70p per hour!!! This will impact the amount we as employers pay for employers natonal insurance contributons and also employers pension contributons. In additon to this the cost of food, insurance etc is increasing dramatcally which also needs to be taken into account. With all this in mind we will need to ensure we make the most of fundraising opportunites and all the tme be mindful of how we can encourage more people to bring their children to us. One thing that I have been considering is seeking business sponsors! This sponsor would donate an amount of money per year for a purpose and in return we will advertse them to all ourparents and the wider community. Things we could ask for sponsors for is |
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| to cover the cost of nappies and wipes so we can advertse that we provide them for children and save parents the cost of supplying them, or the cost of providing food throughout the week so we can provide the children with free lunches each day rather than charging a fee, or to sponsor us to have personalised items such as pens, uniforms, cups, notepads, stckers made which can be used either by staf and children in the setng or as part of our welcome and gif packs. We will also need to review fees, unfortunately although the government puts up the wages they do not match this with the funding price we are paid for each child per hour and we are not able to charge top ups for funded hours. There are a number of pettons and campaigns being put forward to the government calling for the funding to be increased however it is unlikely that we will see this happen, the last increase was by 5p per hour!! For the frst tme in 17 years the funding rate will be lower than our hourly rate. When we frst opened we received approx. £1.80 per child per hour more than our hourly rate!! Despite this outlook we will contnue to work hard at securing funding, raising our own funds and delivering the highest quality environment and experiences to our children. This concludes my report. |
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| 6. | Managers Report: A lot has changed since our last AGM in 2019!!! Largely due to the Covid pandemic. Throughout the pandemic Elaine and I changed both indoors and outdoors to allow us to ofer a more homely feel but also a practcal space which allows us to clean at a high standard and not compromise on quality. The outdoor area has been turned into a garden area with a sand staton, a den, a woodland nature area, a poton staton, a large scale constructon zone, a small world tyre area, a stage and music wall, a water wall, a mud kitchen and a growing area. All areas have resources that can be lef outdoors and where necessary have covers to prevent water being stored in containers. Due to not needing to pack this area away and being able to leave the resources out we have been able to ensure all resources and zones have a deep clean weekly and sometmes daily for high use areas. Indoors we have used recycled resources and resources you fnd at home to create a home from home play space. We have developed everything with a cosy curiosity approach but added our own fare to this. We have used lightng to create the cosiness and contnue to work on improvements to ensure the whole environment is welcoming and a happy place to be. We also change the rooms in line with the season’s i.e we currently are in the Autumn season so we have autumn coloured lights, leaves and fragrances displayed everywhere, in Winter we will create a winter wonderland using lights, white and blue fowers and displays and icicles. Each area both indoors and out has opportunites to develop language, numbers, physical skills and curiosity during play. The feedback from everyone has been very positve about the changes we have made and we hope to contnue developing this over the coming year. Due to the restrictons we have had to change the way children enter and leave the setng, along with having reduced visitors. Currently the system we have in place appears to work well and parents stll feel that they have opportunites to communicate with us. I will be sending out a parents questonnaire to gather parents thoughts and feelings on how well we have managed the pandemic and what they would like to happen in the future. We also had to change breakfast club and afer school club and were not able to open these services including the drop of and pick up service due to the transiton of more than one setng and having non family members in our cars. I am pleased to say that breakfast club is now open as normal fve daysper week. Afer school club started back slowlyand |
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we had to increase this slowly to ensure we were sustainable as we had very few parents needing this service. I can confirm that we are now open from 3pm until 5.30pm Monday to Thursday, prior to Covid we opened until 6pm however we do not have sufficient need to remain open until this time at present. We also opened on Fridays however due to the high level of cleaning we need to carry out each week we have had to remain closed on Fridays to allow this to take place. With regards to the drop off and pick up service, we have only just been able to reinstate this, due to staffing hours and insurance we have been able to offer breakfast club school drop offs and preschool collections however we have had to reduce the after school clubs pick-ups to Mondays and Wednesdays only. We will extend this as staff are able to add business use onto their insurance. Covid also see the chapel congregation have no services for over a year!! This has really helped us maintain the cleaning and ensuring we can confidently say we know who has been in contact with the setting and who has not along with the knowledge that the cleaning we have done on a Friday does not need to be redone on the Monday morning before the children and staff arrive. So whilst it has had its positives for us it has been very difficult for the community and the Methodist church as they have not been able to get together or fundraise as they normally do which is something that they hope to change. Since returning in Sept 21 the chapel congregation have started to reintroduce some services and have held a harvest festival which was well attended. They are going to be sending out a survey to the village to determine what the community would like to see happen and to see if they can encourage more people to attend services but also considering the possibility of having groups if there is a need. We will adjust the setting to ensure we can continue to meet our requirements but also work with the church council to support them develop new ideas. If the survey shows there is not enough interest to maintain community use I am assured that we as a preschool will be able to continue to remain here and operate however what this will look like and consist off is not clear at this time. I would like to take this opportunity to thank the church council for all their support and understanding throughout the pandemic without their support and generosity we would have been in great difficulty and may not have been able to open our doors again when we did. We have been relatively lucky compared to many other settings in the numbers of positive cases we have had of the virus. unfortunately last October we had one of our team members contract the virus which made her extremely poorly. She has only just begun to start a phased return back into the setting. I estimate it will be approx. one year before she is able to resume her previous role fully but so far she is doing really well and we are taking great care of her. The impact of Covid on the children has been varied, some children returned emotional and unable to settle easily due to being out of their home, some have delayed development –particularly in speech, some have returned confident and ready for a new adventure. The one thing that is clear amongst all the children is that they all needed high staffing ratios to support them back into the setting and allow them to experience everything we offer to reach their potential. Due to our high staffing ratios we have achieved this. During the first lockdown parents and children were supported greatly by ourselves, this was achieved by posting activities on a daily basis – both via facebook and email, creating activities packs for the children which were either collected by parents or delivered by ourselves and regular check ins with parents via telephone or email if that was their chosen method of contact. Staff were supported through regular check ins and online get together’s along with chatting via what’s app. Moving on from Covid I want to look at the preschool as we are today. We currently have 11 members of our team, obviously there is myself and Elaine we then have two senior practitioners, one advanced practitioner (one full time and one part time), one (almost full
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time) advanced practitioner, two part time practitioners, one part time Sen support practitioner, one apprentice, one breakfast club assistant and one general assistant. Staff well being has always been a priority for me however I think the pandemic has highlight this even more so I have developed further within our practice the following are a few examples of how this has developed so far, everyday the rainbow group have a mindful session with staff, every staff meeting and supervision we talk about how we are doing and look at what support they may be needing both in the setting and at home, I frequently give the staff well being packs which include things like face masks, orange juice, hand cream etc, these are sometimes themed around the season, staff are given ‘me time’ if we feel they just need a minute or even a day, I sign post them to activities or support groups that may help then relax if it is needed, I am available at all times for them to contact if they need someone to talk to. Staff meetings and training days are delivered around a table so everyone feels they have a place in the setting and that they matter. This area will continue to be developed over the coming year. Staff training is another area that is very important to us, we have been highlighted by Lincolnshire county council as being one of the only preschools that deliver so much in house training and that we have a big focus on creating the best quality team in any setting. Recently I have delivered two in house training days one on the new EYFS reform and the other on safeguarding. In addition to this I have weekly training sessions with staff which is based on areas that either they themselves have highlighted as an area for development or that myself or Elaine has highlighted as an area of need. Future training days will be on child development, OFSTED inspections, speech and language. We also have two members of our team working towards their level 3 early years qualification which will be completed next year and one team member working towards level 1 in forest school qualification. We have two members of staff left to achieve their paediatric first aid one is due to complete this, this week and the other within the next few months. This is a significant achievement as we are only required to have one member of staff on site with this qualification, this in my opinion puts children at risk and therefore as a setting we expect all staff members to hold this qualification. Once the last two have their qualifications we will be applying for the Millie’s mark award to show how important children’s safety is to us. In addition to this award I would like to enrol us onto the care to learn award which is a quality mark award for Lincolnshire settings. This requires us to work as a team to celebrate all that we do and to allow us to take a step back and see things from a different perspective. This then gives us an action plan to work towards to ensure we do not become complacent and keep developing ourselves. Fundraising and events –due to the pandemic we were not able to hold the usual kind of events that we normally deliver however this encouraged us to find alternatives to deliver. This included a fairy hunt, a mud run, a take away teddy bears picnic, Halloween craft packs. We are hopeful that we will be able to deliver more events over the coming year, we have arranged a date for a parents craft session for Christmas along with carol singing around the village and a movie night for pre-schoolers and after school club. The staff have shown a keen interest in outdoor learning and the benefits this has on children and adults. I have one member of our team completing a level 1 forest school course, to support and develop this area we are looking to rent a piece of land from the local community where we can plant trees, have campfires and deliver outdoor learning to its full potential. The momentum of this venture will pick up pace in the new year. Coming year – Over the coming year I envisage that we will have challenges to beat – Covid is not going
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anywhere and will remain a risk so we will continue to follow all the practices we currently have in place and implement new ones as we need to, to ensure we can keep everyone as safe as we possibly can. There will also be financial challenges, which will be highlighted in the treasurers report, that we will face and that will require us to work closely with funding groups and the chapel council.
In addition to this it is highly likely that we will have an OFSTED inspection as we were last inspected in 2017, we have a lot of work to do to ensure we are ready for this and to ensure we are meeting all the new requirements to an exemplary standard to maintain our ‘GOOD’ rating.
With the team we currently have and the changes we have made since Covid I am certain that we will rise to any challenge presented to us with grace, dignity and determination. We will provide the children with amazing experiences and support children’s learning and development alongside parents to allow all our children to reach their full potential. Finally I would like to thank all our parents, committee members, children and staff for all their support throughout the pandemic. Together we really are getting through it!!!!!
- Any Other Business: Committee roles……. Stepping down – None Joining – Debbie Anderson 8. Acton points: Action point description By who Constitution – To be agreed and adopted All IT Specialist to update system/website MH/DA Annual Parent questionnaire M.H Seeking business sponsors M.H Fee increase April 2022 M.H 9. Date of next meeting: Monday 14[th] November 2022 @ 19.00pm Meeting closed at: 19.54pm
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Gipsey Bridge Pre School
Accounts for the Year Ending 31st August 2021
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 2021
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 2021
Trustees Report for the Year Ending 31st August 2021
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, 2021 and signed on its behalf.
Maxine Holland
- Trustee
Page 1
Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2021
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 2021, 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 2021
| 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 |
129,375 20,669 246 3,505 990 3,083 397 7,975 110% 142,315 3,181 900 4,081 96,311 1,237 - 7,082 90 1,513 1,696 360 1,643 - 1,405 250 750 630 300 - 1,748 115,015 18% 23,219 - 23,219 - 23,219 - 23,219 2021 |
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 |
|---|---|---|
Gipsey Bridge Pre School
Balance Sheet
Accounts for the Year Ending 31st August 2021
| Fixed Assets B/Fwd Cost at Dep'n 01/09/2020 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 60,546 - 62,441 - - - 995 600 - - - 1,595 60,846 - - - 60,846 37,627 23,219 - 60,846 2021 |
Current period NBV at Dep'n 31/08/2021 - - - - - - - - - 430 1,465 37,118 39,013 - - - 936 450 - - - 1,386 37,627 - - - 37,627 50,593 (12,966) - 37,627 2020 |
|---|---|---|
The Trustees consider that for the financial year 1st September 2020 to 31st August 2021 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 2021.
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 2021 and of it's Surplus or Deficit for the year ended 31st August 2021 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 2021
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 01/09/2020 B/Fwd Additions Disposals Dep'n 31/08/2021 - - - - - - - - - - - - - - - - - - |
|---|---|
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 2021 |
- 2020 |
|---|---|---|