REGISTERED COMPANY NUMBER: 04879683 (England and Wales)
REGISTERED CHARITY NUMBER: 1101326
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
FOR
CLIFFE WOODS PRE-SCHOOL
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
CLIFFE WOODS PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
|
|
Page |
|
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Notes to the Financial Statements |
6 |
to |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
CLIFFE WOODS PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31July2021.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Asperthecharity'sgoverningdocument,thecharity'sobjectsaretoenhancethedevelopmentandeducationof children
primarilyunderstatutoryschoolagebyencouragingparentstounderstandandprovidefortheneedsoftheir children
through community groups and by:
-Offeringappropriateplay,educationandcarefacilitiesandtrainingcourses,togetherwiththerightofparentsto take
responsibilityforandtobecomeinvolvedintheactivitiesofsuchgroups,ensuringthatsuchgroupsoffer opportunities
for all children whatever their race, culture, religion, means or ability;
-Encouragingthestudyoftheneedsofsuchchildrenandtheirfamiliesandpromotingpublicinterestinand recognition
of such needs;
- Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
Significant activities
The main activity of the charity during the year was the provision of early years childcare.
Public benefit
TheTrusteeshavehaddueregardtotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charity's
activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Wehave92childrenattendthepreschoolweekly.TheTrusteesareconfidentCliffeWoodsPre-schoolprovides good
qualitycareandeducationforpreschoolandafterschool.Thepre-schoolwasrated"Good"byanOffsetinspection in
2017.
Wehavebeenabletooffermorespacestoparentsofchildrenaged2-11years;wehaveexpandedouroutsidearea to
includesensory,imaginaryplayandphysicaldevelopment.Expandingonanddevelopingchildren'sexperiences and
learning opportunities.
Internal and external factors
TheemploymentandretentionofstaffisofconcerntothetrusteesduetominimalGovernmentfundingandlowrates of
pay.
FINANCIAL REVIEW
Reserves policy
Thecharityaimstoholdaminimumof£30,000asfreereservesandfeelthisissufficienttomeetanyliabilitiesdue for
thenextcoupleofmonths.Wehavenowbeeninournewpre-schoolbuildingforfouryearswithinthegroundsof Cliffe
Woods Primary School.
Going concern
The trustees currently have no concerns regarding the future of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Allmembersareeligibletostandforelectiontobeatrustee.AttheAnnualGeneralMeeting,thenewelected members
oftheboardoftrusteeswillbethosecandidatesfromamongstthosehavingnotifiedtheirwillingnesstostand who
receive the highest number of votes from the members, up to a maximum of 12 elected trustees in total.
Page 1
CLIFFE WOODS PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
Membership of the pre-school is divided into two kinds:
FamilyMembershipappliestoparentsorguardiansofallchildrenwhoattendanygrouprunbythepre-schoolwishing to
support the aims of the pres-school.
AffiliateMembershipisopentothoseindividuals,organisationsorotherbodiesinterestedinsupportingtheaimsof the
pre-school.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04879683 (England and Wales)
Registered Charity number
1101326
Registered office
Cliffe Woods Preschool
View Road
Cliffe Woods
Rochester
Kent
ME3 8UJ
Trustees
D A Buckle Chairman
Mrs C Hobbs Treasurer
R Mayger (resigned 3/9/2020)
S Williams
Mrs S Price (appointed 25/5/2021)
Committee Members
S Golden
L Cole
R Playford
S Bailey
K Dhanda
Company Secretary
Mrs S Price
Independent Examiner
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
Approved by order of the board of trustees on 21 April 2022 and signed on its behalf by:
D A Buckle - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CLIFFE WOODS PRE-SCHOOL
Independent examiner's report to the trustees of Cliffe Woods Pre-school ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofACA,FCCAwhichisoneof the
listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company 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 section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Ralph
ACA, FCCA
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
27 April 2022
Page 3
CLIFFE WOODS PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,734
Charitable activities
Childcare sessions
290,034
Other trading activities
2
2,501
Investment income
3
4
Total
294,273
EXPENDITURE ON
Charitable activities
Childcare sessions
277,971
Other
2,801
Total
280,772
NET INCOME
13,501
RECONCILIATION OF FUNDS
Total funds brought forward
237,302
TOTAL FUNDS CARRIED FORWARD
250,803 |
2020
Total
funds
£
49
313,540
1,997
163 |
|
315,749
289,202
3,374 |
|
292,576 |
|
23,173
214,129 |
|
237,302 |
The notes form part of these financial statements
Page 4
CLIFFE WOODS PRE-SCHOOL
BALANCE SHEET 31 JULY 2021
2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
185,591
CURRENT ASSETS
Debtors
10
3,688
Cash at bank
115,351
119,039
CREDITORS
Amounts falling due within one year
11
(48,087)
NET CURRENT ASSETS
70,952
TOTAL ASSETS LESS CURRENT LIABILITIES
256,543
CREDITORS
Amounts falling due after more than one year
12
(5,740)
NET ASSETS
250,803
FUNDS
14
Unrestricted funds
250,803
TOTAL FUNDS
250,803 |
2020
Total
funds
£
192,144
2,167
103,167
105,334
(50,436)
54,898
247,042
(9,740)
237,302
237,302
237,302 |
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 July 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21April2022and were
signed on its behalf by:
D A Buckle - Trustee
The notes form part of these financial statements
Page 5
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Fixtures and fittings- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
2021 |
2020 |
|
£ |
£ |
Fundraising events |
2,501 |
1,997 |
continued...
Page 6
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
3. INVESTMENT INCOME
4.
INVESTMENT INCOME |
|
|
|
2021 |
2020 |
|
£ |
£ |
Bank interest receivable |
4 |
163 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2021 |
2020 |
|
£ |
£ |
Depreciation - owned assets |
12,683 |
11,150 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2021norfortheyear ended
31 July 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000. |
2021
16 |
2020
16 |
|
|
|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
49 |
Charitable activities |
|
Childcare sessions |
313,540 |
Other trading activities |
1,997 |
Investment income |
163 |
Total |
315,749 |
EXPENDITURE ON |
|
Charitable activities |
|
Childcare sessions |
289,202 |
Other |
3,374 |
Total |
292,576 |
NET INCOME |
23,173 |
continued...
Page 7
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
Unrestricted |
|
fund |
|
£ |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
214,129 |
TOTAL FUNDS CARRIED FORWARD |
237,302 |
8. INDEPENDENT EXAMINER'S FEE
Theaccountsincludeanaccrualof£1,440(2020:£1,440)forfeespayabletotheindependentexaminer in
respectoftheyearended31stJuly2021.£1,080ofthisrepresentsthecostofpreparingtheaccounts, while
£360 represents the Independent Examiners Fees.
9. TANGIBLE FIXED ASSETS
10.
COST
At 1 August 2020
Additions
At 31 July 2021
DEPRECIATION
At 1 August 2020
Charge for year
At 31 July 2021
NET BOOK VALUE
At 31 July 2021
At 31 July 2020
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments |
Freehold
property
£
166,514
-
166,514
-
-
-
166,514
166,514 |
Fixtures
and
fittings
£
50,172
6,130
56,302
24,542
12,683
37,225
19,077
25,630
2021
£
326
3,362
3,688 |
Totals
£
216,686
6,130 |
Totals
£
216,686
6,130 |
|
|
|
222,816 |
|
|
|
|
24,542
12,683 |
|
|
|
|
37,225 |
|
|
|
|
185,591 |
|
|
|
|
192,144 |
|
|
|
|
|
2020
£
1
2,166 |
|
|
|
|
2,167 |
continued...
Page 8
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 13)
Social security and other taxes
Wages and pension creditor
Other creditors
Accruals and deferred income
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 13)
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
14.
MOVEMENT IN FUNDS
At 1.8.20
£
Unrestricted funds
General fund
237,302
TOTAL FUNDS
237,302
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
294,273
TOTAL FUNDS
294,273 |
2021
2020
£
£
4,000
4,000
3,872
2,539
16,640
16,259
22,135
22,102
1,440
5,536
48,087
50,436
2021
2020
£
£
5,740
9,740
2021
2020
£
£
4,000
4,000
4,000
8,000
1,740
1,740
Net
movement
At
in funds
31.7.21
£
£
13,501
250,803
13,501
250,803
Resources
Movement
expended
in funds
£
£
(280,772)
13,501
(280,772)
13,501 |
2020
£
4,000
2,539
16,259
22,102
5,536
50,436
2020
£
9,740
2020
£
4,000
8,000
1,740
At
31.7.21
£
250,803 |
2020
£
4,000
2,539
16,259
22,102
5,536 |
2020
£
4,000
2,539
16,259
22,102
5,536 |
|
|
|
50,436 |
|
|
|
|
|
2020
£
9,740 |
|
|
|
|
2020
£
4,000 |
|
|
|
|
8,000 |
|
|
|
|
1,740 |
|
|
250,803 |
|
|
|
|
13,501 |
|
|
continued...
Page 9
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2021
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.8.19
£
Unrestricted funds
General fund
214,129
TOTAL FUNDS
214,129
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
315,749
TOTAL FUNDS
315,749
A current year 12 months and prior year 12 months combined position is as follows:
At 1.8.19
£
Unrestricted funds
General fund
214,129
TOTAL FUNDS
214,129 |
Net
movement
At
in funds
31.7.20
£
£
23,173
237,302
23,173
237,302
Resources
Movement
expended
in funds
£
£
(292,576)
23,173
(292,576)
23,173
Net
movement
At
in funds
31.7.21
£
£
36,674
250,803
36,674
250,803 |
At
31.7.20
£
237,302 |
|
|
237,302 |
|
|
23,173 |
|
|
At
31.7.21
£
250,803 |
|
|
250,803 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
610,022
610,022 |
Resources
Movement
expended
in funds
£
£
(573,348)
36,674
(573,348)
36,674 |
Resources
Movement
expended
in funds
£
£
(573,348)
36,674
(573,348)
36,674 |
|
|
|
36,674 |
continued...
Page 10
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
15. RELATED PARTY DISCLOSURES
Therewerenorelatedpartytransactionintheyearended31stJuly2021.In2020,DBucklereceived£75.30 in
respect of materials purchased on behalf of Cliffe Woods Preschool.
16. LOAN
AloanfromCliffeWoodsPrimaryfor£40,000wasborrowedfortheexpansiontothepreschoolandis repayable
over 10 years.
Page 11
CLIFFE WOODS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Investment income
Bank interest receivable
Charitable activities
Fees
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Light and heat
Advertising and promotion
Consumables
Photos, outings and events
Repairs and maintenance
Cleaning and caretaking
Staff training and welfare
Rent
Computer costs
Fixtures and fittings
Other
Loan interest
Support costs
Finance
Bank charges
Other
Insurance
Telephone
Postage and stationery
Sundries
Carried forward |
2021
£
1,734
2,501
4
278,293
11,741
290,034
294,273
209,758
12,581
2,152
1,354
1,600
552
15,355
842
2,900
1,607
1,240
2,485
2,824
12,683
267,933
635
185
1,089
2,568
1,634
404
5,695 |
2020
£
49
1,997
163
307,506
6,034 |
|
|
313,540 |
|
|
315,749
214,272
11,957
2,468
1,792
1,635
907
17,274
1,023
3,253
5,704
1,885
2,100
1,672
11,150 |
|
|
277,092
3,374
277
363
2,369
2,761
341
5,834 |
This page does not form part of the statutory financial statements
Page 12
CLIFFE WOODS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
Other
Brought forward
Subscriptions
Legal fees
Payroll software and HR
Governance costs
Accountancy fees
Total resources expended
Net income |
2021
£
5,695
2,679
193
1,892
10,459
1,560
280,772
13,501 |
2020
£
5,834
2,310
216
1,893 |
|
|
10,253
1,580 |
|
|
292,576 |
|
|
23,173 |
This page does not form part of the statutory financial statements
Page 13