## **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: - a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability; - b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; - c) instigating and adhering to and furthering the aims and objects of the pre-school learning alliance. 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: - (i) Select suitable accounting policies and then apply them consistently; - (ii) Make judgements and estimates that are reasonable and prudent; - (iii) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. 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. - a **Basis of accounting** 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. - b **Preparation of the accounts on a going concern basis** 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. - c **Incoming resources** Fee income 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'. - d **Fund accounting** 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. - e **Resources expended** 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: - Cost of raising funds comprise the costs of marketing - Expenditure on charitable activities includes the costs of salaries, and other activities undertaken to further the purposes of the charity and their associated support costs. - Other expenditure represents those items not falling into any other heading - Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 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.