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2021-08-31-accounts

Trustees’ Annual Report for the period

From 1[st] September 2020 Period start date To 31[st] August 2021 Period end date

Charity name: Crescent Under Fives

Charity registration number: 1104654

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The care and education of children up to
five years in the local community.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Crescent Under Fives provides pre-
school education up to the age of five in
the local area.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have had regard to the
guidance issues by the Charity
Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Charity has continued to provide
the care and education of children up to
the age of five years in the local area
despite the many ongoing challenges
that early years sector has faced.
Crescent Under Fives is one of the only
non-profit outstanding pre-schools in
East Reading area.

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Memorandum of Association and
Articles of Association
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Company
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are voted in by an AGM

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name Crescent Under Fives
Other name the charity uses
Registered charitynumber 1104654
Charity’s principal address Crescent Under Fives Pre-School
148 Wokingham Road, Reading RG6 1JR

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Faria Sarah Parker Secretary AGM
Tracie Dand Chair AGM
PhilipDand Treasurer AGM

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Faria Sarah Parker

Secretary
22/11/2022
22/11/2022

CRESCENT UNDER FIVES PRE SCHOOL DIRECTORS' AND TRUSTEES' REPORT

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2021

Company No. 05088518 (Registered in England and Wales) Charity No. 1104654

CRESCENT UNDER FIVES PRE SCHOOL

CONTENTS

Page
Officers and professional advisers 1
Director's report 2
Statement of director's responsibilities 3
Statement of Financial Activities 4
Balance sheet 5
Notes to the financial statements 6 to 9
Independent Examiner's Report 10

CRESCENT UNDER FIVES PRE SCHOOL

OFFICERS AND PROFESSIONAL ADVISERS

Directors Tracie Dand
Philip Jon Dand
Trustees Shabana Miriam Rafiq-Chaudhry
Mohsin Mujtaba-Tariq
Human Shahzad
Anna Hutt
Company number 05088518 (Registered in England and Wales)
Charity number 1104654
Registered Office Alfred Sutton School
148 Wokingham Road
Reading
RG6 1JR
Bankers Santander UK plc
2 Triton Square
Regent's Place
London
NW1 3AN
Independent Examiner Jonathan David Mills BSc (Hons) CA ACCA
Black & White Accounting Limited
2-3 Stable Court
Herriard Park
Herriard
Basingstoke
Hampshire
RG25 2PL

Page 1

CRESCENT UNDER FIVES PRE SCHOOL

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED

31ST AUGUST 2021

The trustees present their annual report and the financial statements for the year ended 31st August 2021. The trustees have adopted the Provisions of the Charities SORP (FRS102) effective from 1 January 2019 in preparing the annual report and financial statements of the charity.

Objects of the Charity, Principal Activities and Organisation of our work

The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The company was incorporated on 30 March 2004.

The charity was registered on 30 June 2004.

Objects of the Charity, Principal Activities and Organisation of our work

The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The aims of the charity are to run a pre-school to enhance the development and education of children, primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:

The board of trustees, who meet on a termly basis, are responsible for the administration of the charity. The day to day management is delegated to the Supervisor, who is responsible for the line management of the other members of the team.

Trustees are appointed by the existing board members and are drawn from interested members of the public.

The trust places much reliance on the services of unpaid volunteers. This includes the time provided by the trustees.

Public Benefit

The trustees have complied with their duty to have due regard to the guidance on public benefit as published by the Charity Commission.

The trustees feel that the charity is of public benefit.

Page 2

CRESCENT UNDER FIVES PRE SCHOOL

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED

31ST AUGUST 2021

Directors and Trustees

All the Directors and Trustees are named on page 1.

The following directors held office during the whole of the period:

M Mujtaba-Tariq S Rafiq-Chaudhry

Y Ambreen was appointed on 8 October 2020.

N Vine resigned on 8 October 2020.

Trustees' Responsibilities in Relation to the Financial Statements

The directors are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The Companies Act 2006 requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the company and of the profit and loss of the company for that period.

In preparing those financial statements the directors are required to:

The directors are responsible for keeping proper accounting records which disclose, with reasonable accuracy any time the financial position of the company.

They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company exemption

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

By order of the Board

Director Date:______

Page 3

CRESCENT UNDER FIVES PRE SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED

31ST AUGUST 2021

Notes
Incoming resources
Income and endowments from:
Charitable activities
Other income
Total incoming resources
Resources expended
Expenditure on:
Charitable activities
4
Total resources expended
Net incoming resources for the year 2021
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
2021
135,149
275		 Restricted
Total
Funds
Funds
2021
2021
-
135,149
-
275
-
135,424
116,941
-
116,941
-
18,484
-
14,378
-
32,862		 Unrestricted
Funds
2020
117,214
5,773		 Restricted
Total
Funds
Funds
2020
2020
-
117,214
-
5,773		 Restricted
Total
Funds
Funds
2020
2020
-
117,214
-
5,773		 Total
Funds		 Total
135,424
116,941		 122,987
105,954		 -
122,987
-
105,954
116,941
18,484
14,378		 105,954
17,033
2,655
-		 -
105,954
-
17,033
2,655
-
32,862 14,378 -
14,378

The notes on pages 6 to 9 form part of these financial statements.

Page 4

CRESCENT UNDER FIVES PRE SCHOOL

BALANCE SHEET

AS AT 31ST AUGUST 2021

AS AT 31ST AUGUST 2021
Notes
Current Assets
Cash at bank and in hand
Creditors: amounts falling due within one year
9
Net current assets
Net assets
Capital Funds
Unrestricted Funds
Restricted Funds
Total funds		 2021
2020
£
£
£
£
66,704
45,763
66,704
45,763
(17,047)
(14,589)
49,658
31,174
49,658
31,174
16,796
16,796
32,862
14,378
-
-
49,658
31,174
31,174
16,796
14,378
-
31,174

Approval

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit persuant to section 476 of the Act.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the directors on_____and signed by:

The notes on pages 6 to 9 form part of these financial statements.

Page 5

CRESCENT UNDER FIVES PRE SCHOOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2021

1 Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014.

Crescent Under Fives Pre School meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

There are no significant judgements made in the process of applying the entity's accounting policies.

After reviewing the charity's forecasts and projections the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Fees receivable are accounted for in the period in which the service is provided.

Donations and legacies

Donations and legacies receivable for the general purposes of the charity are credited to 'unrestricted funds'.

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

Page 6

CRESCENT UNDER FIVES PRE SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED

31ST AUGUST 2021

f Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activity. Support costs include the costs of office salaries, and governance costs which support the charity in the provision of education. The summary of what has been included in support costs is detailed in note 6.

g Cash at bank

Cash at bank and in hand includes cash at bank and in hand.

h Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

2 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.

3 Income from charitable activities

The income from charitable activities relates to fee income charged.

4 Analysis of expenditure on charitable activities

Salaries and benefits
Welfare costs
Insurance
Premises costs
Governance costs
Support costs		 2021
£
94,000
1,121
8,937
5,358
1,942
5,582
116,941		 2020
£
90,526
882
8,461
2,308
0
3,777
105,954

Page 7

CRESCENT UNDER FIVES PRE SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED

31ST AUGUST 2021

6 Analysis of governance and support costs

The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the two charitable activities undertaken in the year. Refer to the table below for the basis of apportionment and the analysis of support and governance costs.

Governance costs
Professional fees
Support costs
Telephone
Website
Postage and Stationery
Playroom and Office Resources
Ink
Fundraising expenditure
Other
7
Net income/(expenditure) for the year
This is stated after charging:
Independent Examiner's Fees		 2021
£
1,942
1,942
2021
£
669
267
75
4,167
329
10
65
5,582
2021
£
630		 2020
£
0
0
2020
£
0
0
0
1,172
262
63
2,280
3,777
2020
£
600

Page 8

CRESCENT UNDER FIVES PRE SCHOOL

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED

31ST AUGUST 2021

8 Analysis of staff costs, trustee remuneration and expenses

Salaries and wages
Social security costs
Pension costs
9
Creditors: amounts falling due within one year
Deferred income
Other taxes and social security
Accruals		 Total
2021
£
88,847
3,257
1,897
94,000
2021
£
16,417
-
630
17,047		 Total
2020
£
86,646
2,774
1,105
90,526
2020
£
17,363
2,774
-
-
14,589

10 Trustees' expenses

No expenses were paid to any Trustees during the year, except to re-imburse them for purchases or out of pocket expenses made on behalf of the charitable company.

11 Unrestricted funds

All unrestricted funds held are unrestricted and available to be applied in furtherance of Crescent Under Fives' charitable objectives at the discretion of the Trustees.

12 Reserves Policy

The Trustees have a second account which is the reserve fund, with a balance of £23,297.59 at the year end.

13 Related party transactions

There are no related party transactions to report.

Page 9

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Crescent Under Fives On accounts for the year endod 31 sl August 2021 Charity no Irf any) 1104654 Set out on pages I report to the tnjstees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110812021. Responsibilities and As the charity trustees of the Trust. you are responsible for the preparation basis of rnport of the accounts in accordance with the requirements of the Charities Act 2011 {Xhe Act.). I report in respect of my examination of the Trust's a¢¢ounts Ca￿led out under section 145 ofthe 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan￿ with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statsment I have no GOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper underslanding of the accounts to be reached. ' Plaasa dalet8 the Wo￿18 in the b￿CketS rf they do not appty. Signed: Date: 2211112022 Name: Mr Jonalhan David Mills Bsc (Hons CAACCA Relevant professional qualifi¢ation(s) or body lrfany): ACCA CA Address: Black & White Accounling Limited. 2-3 Stable Court, Herriard Park, Basingstoke, RG25 2PL Section B Disclosure Only complete ifthe examiner needs to highlight matters of concern (see CC32, Independent examination of Gharity aGGounts.' directions and guidance for examiners).

Glva here brief details of any items that the axaminer wishes to disclose. NJIA.