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2022-08-31-accounts

REGISTERED COMPANY NUMBER: 5022458 (England and Wales)
REGISTERED CHARITY NUMBER: 1103545
Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2022

for

Brenchley Pre-School Limited
McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG
Brenchley Pre-School Limited

Contents of the Financial Statements

for the Year Ended 31 August 2022
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17
Brenchley Pre-School Limited

Report of the Trustees for the Year Ended 31 August 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31August2022.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

TheMemorandumandArticlesofAssociationsetsoutthecharitableobjectivesforwhichBrenchley Pre-School
Limited is established.  The charity's objectives are the education and care of pre-school age children.

Significant activities

BrenchleyPre-SchoolisrunbyaCommitteeelectedattheannualgeneralmeeting.Itsobjectivesarethe education
andcareofpre-schoolagechildrenbetweentheagesof2and4.TheNurseryClassfor2-3yearoldsandthe Lions
Class for 3-4 year olds.
Ten staff were employed during the year: Nine qualified practitioners and a bookkeeper.
Parents, staff and Committee Members organise fundraising events to augment fee income and KCC funding.

Public benefit

TheTrusteeshavecompliedwiththedutyinsection4oftheCharitiesAct2006tohaveregardtothepublic benefit
guidance published by the Charity Commission.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

ThefinancialactivitiesofthePre-Schoolaresetoutintheattachedstatementoffinancialactivities.The Pre-School
has an operating surplus for the year of £21,518 (2021: £29,093).

FINANCIAL REVIEW

Reserves policy

Thecharityhasareservespolicywherebysufficientfundsareretainedtomeetanyredundancyobligationsif the
Pre-Schoolhastoclose.Shouldthefundsbeinsufficienttocovertheredundanciesthesaleofequipmentcould be
usedtooffsetthisamount.TheTrusteesarecommittedtoreturningthereservesbacktoahealthysurplus.At 31
August 2022, accumulated reserves totalled £71,649 (2021: £50,131).
Theimprovementinthefinancialpositionhasprimarilybeendrivenbyincreaseintheratesforprivatefeesand the
introduction of Breakfast and Twilight (after school) club, in September 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Thepre-schoolisgovernedbythePre-SchoolLearningAllianceMemorandumandArticlesofAssociation for
Pre-Schools 2012 (Companies Acts 2006).
Page 1
Brenchley Pre-School Limited

Report of the Trustees for the Year Ended 31 August 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

TheCommitteeMembersareelectedattheannualgeneralmeetingandareparentsofchildrenatthepre-school or
people with local involvement.
The following members have acted on the Committee during the year ended 31 August 2021:
Company Directors & Trustees
Victoria Relle Trustee and Chairman Appointed 15 October 2013
Sarah Cox Trustee and Treasurer Resigned 31 July 2021
Clare Edler Trustee and Treasurer Appointed 1 August 2021
Sian Scovell Trustee Appointed 18 November 2013
Other Committee Members are:
Kelly Harper (Trustee) Anna Fowler Annabel Hawkes
Katie Snell (Trustee) Mercy Lowe Julia Lewer
Karen Bowles (Trustee) Laura Van Oorschot Alexandra Stansall

Organisational structure

TheCommitteeissplitintotheManagementCommitteeconsistingofChair,TreasurerandManager (all
Directors/Trustees).  All other Committee Members belong to the Fundraising (PTA) Committee.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

5022458 (England and Wales)

Registered Charity number

1103545

Registered office

Brenchley Road
Brenchley
Tonbridge
Kent
TN12 7NY

Trustees

Mrs V Relle
Mrs S Scovell
Mrs C Edler
Mrs K Harper
Mrs K Snell

Company Secretary

Mrs V Relle
Page 2
Brenchley Pre-School Limited

Report of the Trustees for the Year Ended 31 August 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Solicitors

Warners Solicitors
16 South Park
Sevenoaks
Kent
TN13 1AN

Bankers

Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB
Approved by order of the board of trustees on 13 October 2022 and signed on its behalf by:
Mrs V Relle - Trustee
Page 3

Independent Examiner's Report to the Trustees of

Brenchley Pre-School Limited

Independent examiner's report to the trustees of Brenchley Pre-School Limited ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 August 2022.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
DNA Boobbyer
FCA
McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG
13 October 2022
Page 4
Brenchley Pre-School Limited

Statement of Financial Activities for the Year Ended 31 August 2022

31.8.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,264
Charitable activities
Pre-School Provision
204,395
Other trading activities
2
6,157
Investment income
3
2
Other income
8,924
Total
220,742
EXPENDITURE ON
Raising funds
1,743
Charitable activities
Pre-School Provision
197,481
Total
199,224
NET INCOME
21,518
RECONCILIATION OF FUNDS
Total funds brought forward
50,131
TOTAL FUNDS CARRIED FORWARD
71,649
31.8.21
Total
funds
£
471
199,342
3,166
1
6,000
208,980
1,698
178,105
179,803
29,177
20,954
50,131
The notes form part of these financial statements
Page 5
Brenchley Pre-School Limited

Balance Sheet

31 August 2022

31.8.22 31.8.21
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 8 12,169 915
CURRENT ASSETS
Stocks 9 795 1,160
Debtors 10 2,202 2,287
Cash at bank 60,334 61,300
63,331 64,747
CREDITORS
Amounts falling due within one year 11 (3,851) (15,531)
NET CURRENT ASSETS 59,480 49,216
TOTAL ASSETS LESS CURRENT
LIABILITIES 71,649 50,131
NET ASSETS 71,649 50,131
FUNDS 12
Unrestricted funds 71,649 50,131
TOTAL FUNDS 71,649 50,131
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 31 August 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 August 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
The notes form part of these financial statements
continued...
Page 6
Brenchley Pre-School Limited

Balance Sheet - continued 31 August 2022

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13October2022 and
were signed on its behalf by:
V Relle - Trustee
C Edler - Trustee
The notes form part of these financial statements
Page 7
Brenchley Pre-School Limited

Notes to the Financial Statements

for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incomeis recognisedin theStatementof FinancialActivitiesoncethecharityhasentitlementtothefunds, it
isprobablethattheincomewillbereceivedandtheamountcanbemeasuredreliably.Grantincome received
relating to periods after the year end is treated as deferred income.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Improvements to property - Over period of lease
Fixtures and fittings - 20% on cost
Assetsheldonincorporationhavebeenvaluedattheirestimateddepreciatedmarketvalueatthattime. All
additionsarevaluedathistoricalcost.Thecharitycapitalisesitemsofequipmentwhichareexpectedtobe of
continuing use and which cost more than £100.

Stocks

Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.

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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
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.
continued...
Page 8
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.

Going concern

Thecharityhasrecordeda surplusforthepast3 yearsafterrecordinga deficitin2019.Thesurplushas arisen
fromanincreaseinprivatefeesandincreasedpre-schoolnumbersfromextendingtheprovision to
wrap-aroundcareandopeningupfor2yearoldstohavefulldaycare.Thishasgeneratedadditional income
andallowedforadditionalstaffnumberstobeemployedandhasresultedinanincreaseinassociated costs.
Therefore, the accounts have been prepared on a going concern basis.

Covid Grant Income

ThecompanyhasfurloughedstaffduringtheCovid-19pandemicandmadeclaimsforgovernment furlough
grants.Thegrantsarerecognisedonanaccrualsbasis,matchedintheperiodagainstthestaffcoststhat they
relate to, and recorded as grant income in the accounts.
ThecompanyhasreceivedadiscretionaryCovidgrantfromTunbridgeWellsBoroughCouncilduring the
previous year.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
31.8.22 31.8.21
£ £
Fundraising events 5,221 2,613
Uniform Sales 936 553
6,157 3,166
INVESTMENT INCOME
31.8.22 31.8.21
£ £
Deposit account interest 2 1

3. INVESTMENT INCOME

continued...
Page 9
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
31.8.22 31.8.21
£ £
Depreciation - owned assets 1,099 1,168

5. TRUSTEES' REMUNERATION AND BENEFITS

Noremunerationdirectlyorindirectlyoutofthefundsofthecharitywaspaidorpayablefortheyearto any
CommitteeMembersortoanypersonorpersonsknowntobeconnectedtothemasidefromas noted
below.
FollowingtheadoptionofthePre-SchoolLearningAllowance2012Memorandum&Articlesof Association,
whichnowalllowsmembersofstafftobecomeTrustees/Directors,MrsSScovellwasappointedasa Trustee
andDirectoron18November2013.As includedinNote6, MrsScovellwaspaidremunerationforherrole in
the Pre-school but received no remuneration in her capacity as Trustee/Director.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31August2022norfortheyear ended
31 August 2021.
Committee Members have been reimbursed for expenses incurred in pursuance of the Charity's activities.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:
Qualified Pre-School Staff
Administrator
31.8.22
12
1
13
31.8.21
10
1
11
No employees received emoluments in excess of £60,000.
continued...
Page 10
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 471
Charitable activities
Pre-School Provision
199,342
Other trading activities 3,166
Investment income 1
Other income 6,000
Total 208,980
EXPENDITURE ON
Raising funds 1,698
Charitable activities
Pre-School Provision
178,105
Total 179,803
NET INCOME 29,177
RECONCILIATION OF FUNDS
Total funds brought forward 20,954
TOTAL FUNDS CARRIED FORWARD 50,131
continued...
Page 11
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£ £ £
COST
At 1 September 2021 52,001 21,069 73,070
Additions 12,353 - 12,353
At 31 August 2022 64,354 21,069 85,423
DEPRECIATION
At 1 September 2021 52,001 20,154 72,155
Charge for year 824 275 1,099
At 31 August 2022 52,825 20,429 73,254
NET BOOK VALUE
At 31 August 2022 11,529 640 12,169
At 31 August 2021 - 915 915
9. STOCKS
31.8.22 31.8.21
£ £
Stocks 795 1,160
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£ £
Trade debtors - 471
Prepayments 2,202 1,816
2,202 2,287
continued...
Page 12
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22 31.8.21
£ £
Social security and other taxes 2,920 819
Accruals and deferred income 931 819
Deferred government grants - 13,893
3,851 15,531

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
At 1.9.21
£
50,131
50,131
Incoming
resources
£
220,742
220,742
At 1.9.20
£
20,954
20,954
Net
movement
At
in funds
31.8.22
£
£
21,518
71,649
21,518
71,649
Resources
Movement
expended
in funds
£
£
(199,224)
21,518
(199,224)
21,518
Net
movement
At
in funds
31.8.21
£
£
29,177
50,131
29,177
50,131
Net
movement
At
in funds
31.8.22
£
£
21,518
71,649
21,518
71,649
Resources
Movement
expended
in funds
£
£
(199,224)
21,518
(199,224)
21,518
Net
movement
At
in funds
31.8.21
£
£
29,177
50,131
29,177
50,131
Net
movement
At
in funds
31.8.22
£
£
21,518
71,649
21,518
71,649
Resources
Movement
expended
in funds
£
£
(199,224)
21,518
(199,224)
21,518
Net
movement
At
in funds
31.8.21
£
£
29,177
50,131
29,177
50,131
21,518
At
31.8.21
£
50,131
50,131
50,131
continued...
Page 13
Brenchley Pre-School Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
208,980
208,980
Resources
Movement
expended
in funds
£
£
(179,803)
29,177
(179,803)
29,177
Resources
Movement
expended
in funds
£
£
(179,803)
29,177
(179,803)
29,177
29,177
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.9.20 in funds 31.8.22
£ £ £
Unrestricted funds
General fund 20,954 50,695 71,649
TOTAL FUNDS 20,954 50,695 71,649
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
429,722
429,722
Resources
Movement
expended
in funds
£
£
(379,027)
50,695
(379,027)
50,695
Resources
Movement
expended
in funds
£
£
(379,027)
50,695
(379,027)
50,695
50,695
continued...
Page 14
Brenchley Pre-School Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2022.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by its Trustees.  There is no ultimate controlling party.

15. LIMITED LIABILITY

ThecompanyisLimitedbyGuarantee.Thecompanyhasnosharecapitalandtheliabilityofthemembers is
limited. In the event of the company being wound up the liability for each member shall not exceed £1.
Page 15
Brenchley Pre-School Limited

Detailed Statement of Financial Activities

for the Year Ended 31 August 2022

for the Year Ended 31 August 2022
31.8.22 31.8.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1,264 471
Other trading activities
Fundraising events 5,221 2,613
Uniform Sales 936 553
6,157 3,166
Investment income
Deposit account interest 2 1
Charitable activities
Pre-School Fees 88,944 91,632
Grants 115,451 107,710
204,395 199,342
Other income
Discretionary Covid Grant 8,924 6,000
Total incoming resources 220,742 208,980
EXPENDITURE
Other trading activities
Fundraising costs 83 78
Uniform costs 1,660 1,620
1,743 1,698
Charitable activities
Wages 153,289 137,493
Social security 5,626 4,298
Pensions 2,792 2,530
Postage, Photocopier & stationery 12,535 10,158
Staff training 894 280
Carried forward 175,136 154,759
This page does not form part of the statutory financial statements
Page 16
Brenchley Pre-School Limited

Detailed Statement of Financial Activities

for the Year Ended 31 August 2022

31.8.22 31.8.21
£ £
Charitable activities
Brought forward 175,136 154,759
Rent & services 10,925 10,925
Educational Aids & Equipment 4,547 4,182
Pre-School Snacks 1,856 1,258
Insurance/PLA 1,425 1,275
Repairs & maintenance 383 385
Rates 1,207 2,734
Recruitment and advertising - 502
Short leasehold 824 -
Fixtures and fittings 275 1,169
196,578 177,189
Support costs
Governance costs
Accountancy fees 820 820
Legal fees 83 96
903 916
Total resources expended 199,224 179,803
Net income 21,518 29,177
This page does not form part of the statutory financial statements
Page 17