Blackberry Lane Pre-School
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
Craig Skeggs Accountancy Services 5 Worcester Road Newport Isle of Wight PO30 5SE
BLACKBERRY LANE PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
Blackberry Lane Pre-School
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
The directors present their report with the financial statements of the charity for the year ended 31 August 2021.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05224550 (England and Wales)
Registered Charity number
1107155
Registered office
Blackberry Lane Pre-School Edinburgh Close Cowes Isle of Wight PO31 8HF
Trustees
V Davis D Gibson J Mills C Frisby K Flood Resigned 20 November 2020 R Glasbey Resigned 11 December 2020 K Raymond Z Randall A Hay K Prescott Resigned 11 December 2020 S Smith J Danyluk Appointed 20 November 2020 V Stone Appointed 20 November 2020
Independent Examiner
Craig Skeggs Accountancy Services 5 Worcester Road Newport Isle of Wight PO30 5SE
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The Pre-school is run by a Board of Directors made up of volunteer parents and members of the local community. Directors are elected onto the Management Committee each year at the Annual General Meeting held in the Autumn Term.
The Committee meets every 6-8 weeks to discuss plans for fund raising, future development, areas of concern, the financial status and the general day-to-day running of the Pre-school.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
Blackberry Lane Pre-School
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
ACHIEVEMENT AND PERFORMANCE Charitable activities
The principal activity of the company is the provision of early years education.
The main activities undertaken to achieve these objectives are the operation of the Pre-school and Nursery. To provide a secure, safe and welcoming environment for children from 6 months until they start Primary school. To enhance the development and education of the children in a "Learning through Play" environment. To encourage parents/guardians to understand the needs of their children and provide an opportunity for them to be involved in the running of the settings.
The directors are satisfied with the performance during the year under review.
Fundraising activities
Fund-raising activities include: Christmas Fayre, Summer Fayre, T Shirts, Sponsorship, Donation Concert.
FINANCIAL REVIEW
Reserves policy
The charity's reserves policy is determined by the directors, who are currently endeavouring to ensure the charity has a reasonable reserve for future operations.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD :
C Gillam
25 March 2022
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKBERRY LANE PRE-SCHOOL
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blackberry Lane Pre-School for the year ended 31 August 2021. As set out on pages 4-10 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Blackberry Lane Pre-School, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Blackberry Lane Pre-School and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or presume responsibility to anyone other than Blackberry Lane Pre-School and it’s Board of Directors, as a body for our work or for this report.
It is your duty to ensure that Blackberry Lane Pre-School has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and the profit of Blackberry Lane PreSchool. You consider that Blackberry Lane Pre-School is exempt from the statutory audit requirement from the year.
We have not been instructed to carry out an audit or a review of the accounts of Blackberry Lane Pre-School. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Craig Skeggs Accountancy Services 5 Worcester Road Newport Isle of Wight PO30 5SE
25 March 2022
Page 3
Blackberry Lane Pre-School
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 Unrestricted Funds Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 223,698 Activities for generating funds 3 143,266 Investment income 4 4 Total incoming resources 366,968 RESOURCES EXPENDED Charitable activities Pre-school 351,123 Total resources expended 351,123 NET INCOMING RESOURCES 15,845 RECONCILIATION OF FUNDS Total funds brought forward 135,595 TOTAL FUNDS CARRIED FORWARD 151,440 |
2020 Total Funds £ 297,155 110,435 19 |
|---|---|
| 407,609 373,975 |
|
| 373,975 | |
| 33,634 101,961 |
|
| 135,595 |
The notes form part of these financial statements
Page 4
Blackberry Lane Pre-School
BALANCE SHEET AT 31 AUGUST 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| Funds | Funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 9 | 1,231 | 1,642 |
| CURRENT ASSETS | |||
| Debtors | 10 | 33,679 | 23,770 |
| Cash at bank and in hand | 121,080 | 113,974 | |
| 154,759 | 137,744 | ||
| CREDITORS | |||
| Amounts falling due within one year | 11 | (4,550) | (3,791) |
| NET CURRENT ASSETS | 150,209 | 133,953 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 151,440 | 135,595 | |
| NET ASSETS | 151,440 | 135,595 | |
| FUNDS | 12 | ||
| Unrestricted funds | 151,440 | 135,595 | |
| TOTAL FUNDS | 151,440 | 135,595 |
The notes form part of these financial statements
Page 5
continued...
Blackberry Lane Pre-School
BALANCE SHEET - CONTINUED AT 31 AUGUST 2021
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 August 2020 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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of FRS 102 Section 1A – Small Entities
The financial statements were approved by the Board of Trustees on 25 March 2022 and were signed on its behalf by:
C Gillam
The notes form part of these financial statements
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Blackberry Lane Pre-School
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance
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.
Restricted funds can only be used for particular restricted purposes within the objects of the 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.
Going Concern
As with many businesses the company has been impacted by the covid-19 virus. The company saw significant reduction in parent fee income following the announcement of lockdowns. The company has used the government and local council support on offer, including the job retention scheme. At the time of approving the financial statements the trustees believe there is sufficient resources to continue in existence. The directors continue to adopt the going concern basis of accounts in preparing the financial statements.
2. VOLUNTARY INCOME
| Grants | 2021 £ 223,698 223,698 |
2020 £ 297,155 |
|---|---|---|
| 297,155 |
3. ACTIVITIES FOR GENERATING FUNDS
| School fees Events sales |
2021 2020 £ £ 141,492 109,933 1,774 502 143,266 110,435 |
|---|---|
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Blackberry Lane Pre-School
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021
4. INVESTMENT INCOME
| Bank interest NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/ (crediting): Depreciation - owned assets |
2021 £ 4 2021 £ 411 |
2020 £ 19 |
|---|---|---|
| 2020 £ 548 |
5. NET INCOMING/(OUTGOING) RESOURCES
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' Expenses
There were no trustees' expenses paid for the year ended 31 August 2021, nor for the year ended 31 August 2020.
7. STAFF COSTS
| Wages and salaries | 2021 £ 312,977 |
2020 £ 328,650 |
|---|---|---|
8. GENERAL FUND
The purpose of this fund is to enhance the development and education of children primarily under statutory school age. Encouraging parents to understand and provide for the needs of their children through community groups. Offering appropriate play, education, care facilities and training courses, 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, financial means or ability. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs. Instigating and adhering to and furthering the aims and objects of their pre-school learning alliance.
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Blackberry Lane Pre-School
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021
9. TANGIBLE FIXED ASSETS
| COST At 1 September 2020 and 31 August 2021 DEPRECIATION At 1 September 2020 Charge for year At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Debtors and prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
Plant and machinery etc £ 14,785 13,143 411 13,554 1,231 1,642 2021 2020 £ £ 33,679 23,770 2021 2020 £ £ - - 4,550 3,791 4,550 3,791 |
Plant and machinery etc £ 14,785 13,143 411 13,554 1,231 1,642 2021 2020 £ £ 33,679 23,770 2021 2020 £ £ - - 4,550 3,791 4,550 3,791 |
Plant and machinery etc £ 14,785 13,143 411 13,554 1,231 1,642 2021 2020 £ £ 33,679 23,770 2021 2020 £ £ - - 4,550 3,791 4,550 3,791 |
|
|---|---|---|---|---|
| 2020 £ - 3,791 |
||||
| 3,791 |
12. MOVEMENT IN FUNDS
| At 1.9.20 Net movement in funds At £ £ Unrestricted funds General fund 135,595 15,845 TOTAL FUNDS 135,595 15,845 |
31.8.21 £ 151,440 |
|---|---|
| 151,440 |
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Blackberry Lane Pre-School
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2021
12. MOVEMENT IN FUNDS – continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources |
Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 366,968 | (351,123) | 15,845 |
| TOTAL FUNDS | 366,968 | (351,123) | 15,845 |
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Blackberry Lane Pre-School
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOMING RESOURCES Voluntary income Grants Grants – Covid-19 Grants – College/Wight Aid Foundation Insurance claim Activities for generating funds School fees Events sales Investment income Bank interest Total incoming resources RESOURCES EXPENDED Purchases Wages Employers NI Staff pension contributions Rent Rates Heating & lighting Insurance Telephone Stationery Advertising Website Sundries Subscriptions Repairs and renewals Staff welfare Cleaning & waste disposal Bookkeeping Accountancy Professional School equipment Provisions Training Plant and machinery Bank charges |
2021 £ 215,368 7,330 1,000 - 223,698 141,492 1,774 366,964 4 366,968 1,224 298,435 9,055 5,487 8,571 104 2,431 1,590 1,496 1,116 598 330 706 1,904 4,766 2,144 3,684 1,169 525 478 1,719 2,086 970 411 124 351,123 15,845 |
2020 £ 247,720 46,839 1,000 1,596 297,155 109,933 502 407,590 19 407,609 125 311,917 10,704 6,029 8,571 1,263 2,337 2,013 1,741 1,444 852 415 681 1,395 6,748 531 10,250 1,356 450 226 1,891 2,272 75 548 141 373,975 33,634 |
|---|---|---|
This page does not form part of the statutory financial statements
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