LYNDHURST PRE-SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER: 04584822 CHARITY NUMBER: 1107974 Lyndhurst Pre-school The School High Street Lyndhurst Hants SO43 7BB ## Trustees Elaine Willis Chairperson Mary Willis Secretary Brian Baker Treasurer Sara Shelton Director Juliet Dunning Director Janet Malcolm Director Barbara Preddy Director Hannah Keddie Director Ian Hanson Director ## **Trustees’ Annual Report** The trustees have pleasure in presenting their report and the unaudited financial statements for the charity for the year ending August 2020. The trustees of the charity as shown on the company information page are also the Directors of the charity. The main aims of the Pre-school are to enhance the development and education of children in their care. At Lyndhurst Pre-School we are committed to developing the ‘whole child’ emotionally, socially and physically regardless of their culture, ability or race. We aim to provide a safe, friendly and stimulating environment in which each child is encouraged to explore and discover. We work to a specially tailored curriculum called the Early Years Foundation Stage. Our staff undertake training to ensure that our provision meets all legislation in Early Years. It is our philosophy that purposeful play is an essential part of a child’s learning process and helps them to acquire the skills necessary for a smooth transition to school life. We aim to provide our children with the opportunity to engage in rewarding and structured play in a wide range of learning experiences. We therefore build a curriculum based around children’s needs and interests, we provide resources to enable them to ponder, create, practice and repeat. We provide a safe place for children to move freely, chooses resources independently, play and be active thinkers and learners. ## **Public Benefit** The Trustees confirm that they have had due regard to guidance published by the Charity Commission on public benefits. ## **Achievements and performance** - qualified proactive team - Ofsted rating outstanding in all areas (DEC 2018) - team of staff willing to work for a sustainable future - well sited premises - numerous resources - good relationship with Infant School addressing good transitions - Reflecting on Quality stages 1-3 denotes high standards - large outdoor area and use of outdoors and muddy kitchen area - infant size toilets encourage independence - 2 year old provider - opportunities to offer early intervention - experienced and committed team of staff and Directors - family involvement in themes and topics, special events and festivals - parent meetings to forge good partnerships - fund raising activities to raise funds for resources ## **Financial review** The Pre-school receives the majority of its income from the Local Authority. We also charge fees for non-funded children to attend and for snack time/admin to help with rising costs and a stagnant and frozen Early Years Funding. Our fees are £4.75 per hour plus a snack/admin fee of 75p per session per child. Our fundraising team raises monies which are used primarily to purchase resources for current children on role. However due to the Pandemic our fundraising events have not taken place this year. We have many concerns about sustainability as the Early Years funding is frozen, yet our rent has increased significantly and we have had contract and salary reviews and we have had a significant minimum wage increase both in increases and alteration to age qualification. We feel that our staff on the whole are underpaid for their expertise and qualifications on the back of an impressive assessment of the delivery of care and education. Our income for the period was £83557 and expenditure £77238. An operating profit of £6335. This gain was due primarily to cutting back on costs and the result of procedures and funding in place during lockdown. Approximately 84% of our income was spent on staff costs this year. Approximately 8.5% is spent on rent. Approximately 7.5% was spent on equipment, insurance, consumables, telephone, stationery, fundraising costs, subscriptions, repairs and sundries. Our profit was around 8%. ## **Reserves Policy** Contingency monies are held in a separate bank account called the Reserve Account. It is administered to hold Reserves to cover redundancies (in line with Government Guidelines), Pre-school permanent closure, hazard closure and insurance issues, legal fees and 6 months’ rent pending closure or relocation. Elaine Willis Chairperson Company registration number.. 04584822 IEngland and Wales) LYNDHURST PRE-SCHOOL ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 LYNDHURST PRE SCHOOL CONTENTS Profit and Loss Account Pale 3 Balance Sheet Page 4 Notes to the accounts PagesS.7 Page 2 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020 Yèar to 3110812020 Year to 3110812019 Notes Income Fees and Grants Fundraising 81,907 1,650 70,321 1,989 83,557 72.310 Expenses Wage5 Rent Equipment Insurance Consumables Telephone & Stationery Fundraising Costs Subscriptions Rep3irs Miscellaneous 65,112 6,413 418 924 752 1,405 972 414 60 768 60,919 7,313 2,333 806 401 1,083 3Q6 177 366 1,033 77,238 74.736 Operatin6 Profit and Loss 6.319 12,4261 Intome from Investments Interest Payèble and similar charges 16 21 Profit on ordlnary artlvitles bèfore taxation 6,335 12,4041 Taxation Profjt I (Lossl on ordinary activitie5 after taxation and reta5ned forthe year 6,33S 12,4041 Page 3 BALANCE SHEET FOR ThE YEAR ENDED 31 AUGUST 2020 Notes Year to 3V0812020 Yearto 3110812019 ASSETS Current Assets Cash at Bank Net Current ￿set5 57,114 47,343 57,114 47.343 Currnnt Llabllltles Creditors amounts falling due within one year 3,840 403 Total Assets less Curreni Liabilities 53,274 46,939 Financed bv-. Capltal and Resèrvts 8&9 53.274 46,939 These account5 have been prepared in accordance with the provisions applicable to companies subject to the small companies reeime. The directors stste.. lal For the period ended 31 August 2020the Company was entftled to exemption from audit under section 477121 of the Companies Act 2006 relating to small cornpanies. Ibl The members have not required the Company to obtain an auLfit in accordance with Section 476 of the Companies Act 2CO6. Ic l The directors acknowled8e their responslbilites for.. Ill ensurin8 the company keeps accountin8 records which comply with settion 221 of the Act and lill Preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year, and of its profit or Ioss for the financial year, in accordance with the requirements of settion 226. and which otherwise comply with the requirernent5 01 the Companies Art relatin8 to account5, so far a5 applicable to the Company. Si8ned on behaw of the Board by Signature Name Brian Edward Baker Posilion Treasurer Date J8th March 2021 Page 4 LyNDHuR￿ PRE SCHOOL NOTESTO THE ACCOUNTS FOR TPIE PERIOD ENDED 31 AUGUST 2020 Accountln olicies 1.1 Accountlng convention The financial statements are prepared under the historical cost tonvention. 1.2 Compllance wlth accountlng standards The financial statements are prepared in accordance with applicable accounting standards. 1.3 Turnover Turnover represents amounts receivable in respect of pre-school fees and fundraising. 1.4 Tangible lixed assets and deprec5ation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates to write off the cost less est6mated residual value of each asset over its expected life, as follows- Fixtures, fittings and equipment - 25% on cost. 1.5 Leasing Rentals payable under operating leases are charged against income on a straight line basis over the lease term. 1.6 Investments Current asset investments are stated at the lower of cost and net realisable value. 1.7 Deferred taxatlon Deferred taxation is provided at appropriate rates Dn all timing differences using the liability method only to the extent that, in the opinion of the directors, there 15 reasonable probability that a liability or asset will crystalise in the for5eeable future. 1.8 Foreign currency translation Monetary assets and liabilitie5 denominated in foreign currencie5 are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account. eratin Profit A breakdown of expenses charges can be found on the profit and loss account. Interest able Bank Interest received during the year amounted to £1612019: £01. Page 5 LYNDHURST PRE SCHOOL NOTESTO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2020 4 Taxation There were no payments or provision of corporation tax during the period. Dividends There were no dividends paid or proposed during the period. 6 Creditors: amounts fallin due within Other taxe5 and social security costs Accruals and income received in advance 483 3,357 3,840 Provisions for Ilabillties and char es There 15 no provision made during the year. Share Ca Ital Authorised 100 Ordinary Shares of £1 each Allotted, called up and fully paid 100 Ordinary Shares of £1 each loo tatement of movements on rofit and loss account Balance at l August 2019 Retained proflt for the year Balance at 31 August 2020 46,839 6,335 53,174 10 Reconcillation of movements In shareholders. fvnds Proflt for the financial year 6,335 Net addition to shareholders, fijnds Opening shareholders, funds Closlng shareholders, funds 6,335 46.839 53,174 Page 6 LYNDHURST PRE SCHOOL NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2020 11 Directors. emoluments There were no directors, emoluments paid during the period. 12 Transactions with dirertors There were no transactions with the directors during the period. 13 Em lo Number of employees The average monthly number of employees during tho period was 4. Employment costs Wages and Salaries Socièl security costs PensSon Costs 53,771 8,543 2,798 65,112 14 Control The company is under the immediate and ultimate control of the directors and pre-school committee. IS Related a transactions There are no related party transactions. 16 ContSn ent liabilities There are no contingent liabilities. Page 7 Lyndhurst Pre-school Chaiity Commlsslon Retyrn 201912020 Company Umlted by Guarantee Company Registratlon Number: 04584822 Charlty Number: 1107974 Independent Examinerfs Statement I have reviewed the end of year accounts for the year ended 31 August 2020 for Lyndhurst Pre- School. There are no matters that need to be highlighted/ Name.. Vivienne Franklin E-mail Address.. viviennefranklin23@8mail.com Home Address 28 Garden Close, Lyndhur5t, Hampshire. S043 7DW Telephone Number: 07798 912154 Signature: