2022-08-31-accounts - Intake Pre-School

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Intake Pre-school

(Charity Number 1107400)

(Company Ltd by Guarantee Number 05235498)

Financial Statements for the year ended 31 August 2022

Contents	Page
Legal and administrative information	2
Trustees' report	3-4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8-10

Intake Pre-school Legal and administrative information

Trustees

Rebecca Horrabine Carli Murten Jessica Rafferty Daniel White

Registered Office

Intake Pre-School Sharrard Drive Sheffield S12 2FB

Company number

05235498

Registered Charity number

1107400

Independent Examiner

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Bank

Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB

Intake Pre-school

Trustees' report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ended 31 August 2022.

Structure, governance and management

The Charity is operated under the rules of its Memorandum and Articles of Association. It is a private company limited by guarantee and was incorporated on 20 September 2004. It is also a charity, and was registered 22 December 2004.

Overall management is the responsibility of the trustees who are elected and co-opted under the terms of the memorandum and articles. Day to day project activity is managed and carried out by paid staff.

New trustees are appointed by majority decision of the board. In doing so, the board seeks to ensure that an appropriate level of parent representation on the board is maintained.

Objectives and activities

These are to enhance the development and education of children under statutory school age by:

offering appropriate play, education and care facilities
encouraging the study of the needs of such children, and
instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance

The company provides sessional care in accordance with Ofsted regulations, delivered under the direction of qualified and experienced staff.

In setting out the basic ground rules for admissions and activities, the directors have had regard to the Charity Commission's guidance on Public Benefit.

Achievements and performance

2022 was another excellent year for the preschool, with the school fully back to normal operations from the impact of Covid-19. The preschool is operating at full capacity and demand remains strong, with many sessions for the upcoming academic year already fully booked. The quality of care and education provided to our children remains our key priority and we continue to invest to improve the experience of our pupils.

Intake Pre-school Trustees' report

Financial review

During the year, the charity generated net incoming resources of £61,028 (2021: £29,107). Total funds carried forward were £441,746 (2021: £380,718).

Reserves policy

The directors have decided that reserves should be developed and maintained at a level which ensures that the company's core activity could continue during a period of unforseen difficulty, and that a proportion of the reserves should be in a ready realisable form.

Trustees responsibilities for the financial statements

Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP FRS (102);
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the Trustees on 24 May 2023 and is signed on their behalf by:

Daniel White Chairman

Intake Pre-school

Independent Examiner's report on the Accounts of Intake Pre-school for the year ended 31 August 2022

I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages 6 to 9.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145 (5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:______

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Date: 24 May 2023

Intake Pre-school Statement of Financial Activities

(incorporating Income & Expenditure account) for the year ended 31 August 2022

Notes Incoming resources Grants 3 Fees and other funding Other income Total Incoming resources Resources expended Wages Premises costs Resources Training School trip Bank charges Registration & membership fees Accountancy Professional fees Loan interest Depreciation Other expenditure Total resources expended Net (outgoing)/incoming resources Total funds brought forward Total funds carried forward	Restricted Funds £ - - - - - - - - - - - - - - 10,900 - 10,900 (10,900) 224,800 213,900	Unrestricted Funds £ 214,505 60,837 20,901 296,243 180,205 17,742 12,372 815 279 504 35 135 3,714 3,356 4,879 279 224,315 71,928 155,918 227,846	Total 2022 £ 214,505 60,837 20,901 296,243 180,205 17,742 12,372 815 279 504 35 135 3,714 3,356 15,779 279 235,215 61,028 380,718 441,746	Total 2021 £ 197,560 46,716 20,822
				265,098
				174,448 16,690 10,270 2,909 - 577 35 125 1,484 7,058 15,779 6,616
				235,991
				29,107 351,611
				380,718

Intake Pre-school

Balance Sheet as at 31 August 2022

Notes Fixed Assets 5 Current assets Balance at bank Total current assets Creditors: amounts falling due within one year 2 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 2 Total net assets Represented By Funds Unrestricted funds 6 Restricted funds	2022 £ 316,431 181,602 181,602 (56,287) 125,315 441,746 - 441,746 227,846 213,900 441,746	2021 £ 332,210 127,335
		127,335 (62,032)
		65,303 397,513 (16,795)
		380,718
		155,918 224,800
		380,718

For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities;

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities 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.

The financial statements are approved by the Board on 24 May 2023 and signed on its behalf by:

Daniel White Chair

Intake Pre-school

Notes to the financial statements for the year ended 31 August 2022

1 Accounting Policies

(a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice - applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act (2006)

The Charity meets the definition of a public benefit entity as defined under FRS102.

(b) Donations and fund accounting

Donations received for the general purposes of the charity are included as unrestricted funds

(c) Resources expended

Expenditure is included on an accruals basis.

(d) Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

(e) Restricted funds are to be used for specific purposes as laid down by the donor.

(f) Fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives, using the straight-line method. The rates applicable are:

Land and buildings - 10-25 years

2 Creditors; amounts falling due within one year

These are expenses that have been incurred but have not been billed or paid for during the accounting period. They are in respect of:

2022 £ Loans payable 16,794 Deferred income - note 7 39,358 Accruals 135 56,287 Creditors: amounts falling due in more than one year 2022 £ Loans payable - -	2021 £ 17,976 43,931 125
	62,032
	2021 £ 16,795
	16,795

Amounts shown under loans payable are secured by a charge over the charity's

land and buildings

3 Grants Unrestricted: Sheffield City Council- Nursery Education Grant Sheffield City Council - Coronavirus Movement in restricted funds Brought Forward Department for Education 187,440 South Yorkshire Key Fund 30,360 Awards for All 7,000 224,800	2022 £ 214,505 - 214,505 Incoming resources - - - -	2021 £ 182,371 10,000 192,371 Resources expended (8,520) (1,380) (1,000) (10,900)	At as 31 August 2022 178,920 28,980 6,000
			213,900

South Yorkshire Key Fund and Department for Education represents funding towards the construction of new premises for the pre-school.

Awards for All represents funding for new outdoor play equipment

Intake Pre-school

Notes to the financial statements

for the year ended 31 August 2022

4 Staff numbers and costs:-

Wages and salaries Pensions	2022 £ 175,283 4,922 180,205	2021 £ 169,646 4,802
		174,448

The average number of monthly employees was 18 (2021: 20) No employees received emoluments in excess of £60,000 per year.

During the year trustees Carli Murten £21,621 (2021: £15,929) and Rebecca Horrabine £10,342 (2021: £8,900) received remuneration as employees of the preschool.

No trustees received reimbursement of out-of-pocket expenses.

5 Tangible Fixed Assets

Cost As at 1 September 2021 Additions Transfers As at 31 August 2022 Accumulated depreciation As at 1 September 2021 Charge for the year As at 31 August 2022 As at 1 September 2021 As at 31 August 2022	Land and buildings £ 379,475 - - 379,475 47,265 15,779 63,044 332,210 316,431	Total £ 379,475 - -
		379,475
		47,265 15,779
		63,044
		332,210

		316,431

6 Analysis of net assets between funds

Fund balances at 31 August 2022 were represented by: Tangible fixed assets Current assets Creditors due within one year Total net assets	Unrestricted 102,531 181,602 (56,287) 227,846	Restricted 213,900 - - 213,900	Total 316,431 181,602 (56,287)
			441,746

Intake Pre-school

Notes to the financial statements

for the year ended 31 August 2022

7 Deferred income

Deferred income
Amounts brought forward Amounts deferred during the year Amounts released to income Deferred income carried forward	2022 £ 43,931 39,358 (43,931)
	39,358

Deferred income relates to Department For Education funding received during August 2022 which related to the following academic year.

8 Related party transactions

There have been no related party transactions in the reporting period that require disclosure.