LYNDHURST PRE-SCHOOL A COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER: 04584822 (England & Wales) CHARITY NUMBER: 1107974 (England & Wales)
Lyndhurst Pre-school The School High Street Lyndhurst Hampshire SO43 7BB
## **Trustees**
The Trustees, who are also Directors of the charitable company, who have held office for the whole of the year unless otherwise stated, and to the date of this report, are as follows:
Elaine Willis Chairperson Mary Willis Secretary Brian Baker resigned 30/7/2021 Sara Shelton Juliet Dunning Janet Malcom Barbara Preddy Hannah Keddie resigned 18/11/2021 Ian Hanson resigned 30/7/2021 Sarah Newman appointed 30/7/2021 Simon Young appointed 30/7/2021 Alison Bennett appointed 23/9/2021 Rosemary Lathey appointed 23/9/2021
## **Trustees’ Annual Report**
The trustees have pleasure in presenting their report and the unaudited financial statements for the charity for the year ending August 2021.
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 Benefit.
## **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 Hampshire County Council based on the Early Years funding formula. We also charge fees for non-funded children to attend and for snack time/admin to help cover our operating costs. Our fees are currently £5.50 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 roll. However due to the pandemic, fundraising opportunities have inevitably been more limited.
We continue to have concerns about the sustainability of the current Early Years funding model, as annual increases in funding rates fall well behind increases in
operating costs, notsbly premises and staff costs. The CUFTent fvnding model
materially restricts our ability to pay our staff more. We continue to believe that
staff pay on the whole does not adequately refiect expertise and qualifications, and
the delivery of high qualty care and education.
Our income for the period was £74,595 (2020". £83.573) and expendrture was
£76,314 (2020: £77,238). The operdting loss was £1,719 (2020: surplus of £6,335)
due primarily to the slow return of children following l(Kkdown, ongoing local
demographic challenges and ongoing impatt of the pandemic on working pattems.
This year, 83.40/0 of our income was spent on Staff cosfs this year, and 9.7 % was
spent on renL The operating loss is equivalent to 2.3% of income.
Reserves Poli
Contingenry monies are held in a separate bank account called the ReSee Account.
It is administered to hold Reserves to cover redundancie5 (in line wtth Government
Guidelines), PrSchool permanent closure, hazard closure and Insuran issues,
legal fees and 6 months, rent pending dosure or relocation.
Elaine Willis Chairperson
Director and Trustee
Date: 241 s12022
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Sectlon A
Independent Examinefs Report
Report to the truste
rnembers of
LYNDHURsf PRE-SCHOOL
On accounts for the year
ended
31 AUGU 2021
Charity no
(if any)
1107974
Set out on pages
I report to the trustees on my examination of the accounts of the
above charity {Yhe Trustj for the year ended 31108 12021.
Responsibilltles and
basis of report
As the chaws trustees. you are responsible for the preparation of the
accounts in accordan wlth the requirements of the Charities Act 2011
{Ihe Acr).
I report in respect of my exaTnination of the Trust's arKounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charty Commission
under section 145(5)(b) of the Act.
Independent
examiner's statement
I have completed my examination. I confirm that no material matters have
come to my attention in conneth.on wrth the examination (other than that
disclosed bdow.) which give5 me cause to believe that in, any material
respect:
the accounting records were not kept in accordance wrth section 130
of the Charities Act; or
the accounts did not accord with the accounting records: or
the accounts did not compty with the applicable rquirements
conwning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requiremenl
that the accounts give a ttrue and fairf view which is not a matter
considered as part of an independent examination.
I have no concems ar have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
pi
words in the brackets rfthey do not apply.
Signed:
Date:
IG.a8,21
Name:
Relevant professional
qualrfication{s) or body
NIA
IER
Oct 2018
(rf any}:
Address:
I r
l¢
Section B
Disclosure
Only complete rf the examiner needs to highlight material matters of concern
(see CC32, Independent examinats'on of charty accounts.. directions and
guidan for examiners).
Give he brief detalls of
any items that the
examiner wishes to
disclose.
IA
IER
Oct 2018
Company registration number: 04584822 (England and Wales) Charity registration number: 1107974 (England and Wales)
## LYNDHURST PRE-SCHOOL
## **ACCOUNTS**
FOR THE YEAR ENDED 31 AUGUST 2021
YEAR ENDED 31 AUGUST 2021
## LYNDHURST PRE SCHOOL
## **CONTENTS**
|Statement of financial activities (including income and expenditure account)|Page 3|
|---|---|
|Balance Sheet|Page 4|
|Notes to the Accounts|Pages 5-8|
Page 2
## Statement of financial activities (including income and expenditure account)
## FOR THE YEAR ENDED 31 AUGUST 2021
|Notes
**INCOME**
3
**Income from:**
Donations
Charitable income
Investment income
**Total Income:**
**EXPENDITURE**
4
**Expenditure on:**
Raising funds
Charitable Activities
Total Expenditure:
**Net (expenditure)/income for the year:**
**RECONCILIATION OF FUNDS:**
10,11
Net movement in funds
**Total funds brought forward**
**Total funds carried forward**|**2021**
**£**
**1,406**
**73,186**
**3**|2020
£
1,650
81,907
16|
|---|---|---|
||**74,595**|83,573|
||
**(923) **
**(75,391) **|
(972)
(76,266)|
||**(76,314)**|
(77,238)|
||**(1,719) **|
6,335|
||
**(1,719) **
**53,274**|
6,335
46,939|
||**51,555**|53,274|
Page 3
Balan Sh*t
FOR THE YEAR ENDED 31 AUGusf 2021
2021
2020
Cash at bank and in hark
Total Assets:
52,030
51030
57,114
57,114
cffdjto." amountsfallingdw svthii?
(475)
(3,840)
Totsl net assel&"
51,555
53,274
Represented br.
sha c3ptsl
Unrestsicted reserves
io
li
100
51,455
100
53,174
Total fund
51.555
53.274
The company was entitled to eXeM["On frLxn audit uThkr $477 of the Companies Act 2006
relating to small companies.
The members have not r0]Uir the company to cthin an alt in ac0)nIan with Stion 476
of the Companies Act 2006.
The directors acknowknlge their resnSIbIlitieS for cOMp.j with requirements of the
Companies Act with re5t to accounting Torts and lthe prepardtion of a(rounts.
These accounts have been in corda[e wrth the provisK)ns ap1Cabk to small
companies subiect to the small companies regime a1 in rnrdan wtth FRS102 SORP.
Approved and authOriS for issue ty the and signed on their tehatf by:
Alison Mary Bennett
Director and Trustee
Date:
Zylal
2022
Page 4
Notes to the Accounts
FOR THE YEAR ENDED 31 AUGUST 2021
## **1 Basis of Preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. 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 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Going concern**
The trustees are not aware of any material uncertainties regarding going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.
## **2 Accounting Policies**
## **2.1 Income**
All income is recognised when the charitable company is legally entitled to the income, when it is probable that the income will be received and when the amount receivable can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the Statement of Financial Activities when the general income recognition criteria are met.
Income represents amounts receivable in respect of pre-school funding from Hampshire County Council and fees from parents, and from fundraising.
## **2.2 Expenditure and liabilities**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any trade discounts.
## **2.3 Assets**
Debtors are measured on initial recognition at settlement. Subsequently, they are measured at the amount expected to be received.
The charity has cash on deposit with a maturity of less than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
## **2.4 Lease rentals**
Rentals payable under operating leases are charged against income on a straight line basis over the lease.
Page 5
## Notes to the Accounts
## FOR THE YEAR ENDED 31 AUGUST 2021
## **3 Income**
Income for the year is analysed as follows:
|**Donations and fundraising:**
Donations
Other fundraising
**Total from donations and fundraising:**
**Charitable activities:**
Hampshire County Council EYE funding
Parental fees
**Total from charitable activities:**
**Income from investments:**
Interest receivable
**Total from investments:**
**TOTAL INCOME**|**Unrestricted**
**2021**
**£**
**900**
**506**|Unrestricted
2020
£
1,650
-|
|---|---|---|
||**1,406**|1,650|
||**64,559**
**8,627**|81,907
-|
||**73,186**
**3**|81,907
16|
||**3**|16|
||**74,595**|83,573|
## **4 Expenditure**
Expenditure for the year is analysed as follows:
|Note
**Expenditure on raising funds:**
Fundraising events
**Total expenditure on raising funds:**
**Expenditure on charitable activities:**
Staff costs
5
Premises costs
Support costs
Other operational costs
**Total expenditure on charitable activities:**
**TOTAL EXPENDITURE**|**Unrestricted**
**2021**
**£**
**923**|Unrestricted
2020
£
972|
|---|---|---|
||**923**|972|
||**62,199**
**7,238**
**3,141**
**2,813**|64,462
6,473
2,979
2,352|
||**75,391**|76,266|
||**76,314**|77,238|
Support costs include fees paid to the independent examiner of the accounts of £nil (2020: £100).
Page 6
FOR THE YEAR ENDED 31 AUGUST 2021
## Notes to the Accounts
## **5 Staff costs**
|Wages and salaries
Social security costs
Other pension costs (note 6)|**2021**
**£**
**61,188**
**-**
**1,011**|2020
£
62,914
349
1,199|
|---|---|---|
||**62,199**|64,462|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. The total of key management personnel compensation was £40,185 (2020: £45,342).
The average monthly number of employees during the year was as follows:
||**2021**|2020|
|---|---|---|
||**No.**|No.|
|Charitable activities|**4**|4|
## **6 Pension scheme**
Pension contributions are paid into the NEST auto-enrolment, defined contribution pension scheme. The assets of this scheme are held separately from those of the charitable company in independently administered funds.
All pension contribution costs are recognised in the statement of financial activities as they become payable. The pension charge for the year is the contributions payable to NEST of £1,011 (2020: £1,199) and at the year end, the amount due to the scheme was £nil (2020: £nil).
## **7 Taxation**
The Pre-School is a registered charity and therefore is not liable to income tax or corporation tax or income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.
## **8 Dividends**
There were no dividends paid or proposed during the period.
## **9 Creditors: amounts falling due within one year**
|Deferred income
Taxation and social security costs|**2021**
**£**
**-**
**475**|2020
£
3,357
483|
|---|---|---|
||**475**|3,840|
Deferred income is EYE funding received in advance from Hampshire County Council.
Page 7
FOR THE YEAR ENDED 31 AUGUST 2021
## Notes to the Accounts
## **10 Share capital**
## **Authorised**
100 Ordinary Shares of £1 each
## **Allotted, called up and fully paid**
100 Ordinary Shares of £1 each
£100
## **11 Charity funds**
Charity funds are represented by:
|**Accumulated surplus:**
Fund balance as at 1 September
Income
Expenditure
**Fund balance as at 31 August**|**Unrestricted**
**funds**
**2021**
**£**
**53,174**
**74,595**
**(76,314)**|**Total**
**funds**
**2021**
**£**
**53,174**
**74,595**
**(76,314)**
**51,455**|Unrestricted
funds
2020
£
46,839
83,573
(77,238)|Total
funds
2020
£
46,839
83,573
(77,238)|
|---|---|---|---|---|
||**51,455**||53,174|53,174|
## **12 Transactions with Trustees and related parties**
## **12.1 Remuneration of trustees**
No Trustees received any remuneration in respect of their services as Trustees during the year (2020: £nil). No Trustee received any reimbursement of expenses in respect of their services as Trustees during the year (2020: £nil).
Two Trustees are employees and key management personnel of the Pre-School, and receive remuneration under contracts of employment. The remuneration of the Nursery Manager, Janet Malcom, (excluding pension contributions) was £23,086 (2020: £25,648) and the remuneration of the Deputy Nursery Manager, Juliet Dunning, (excluding pension contributions) was £16,293 (2020: £18,734) and these amounts are included in staff costs. In addition, the Pre-School has made employer contributions to the NEST defined contribution pension scheme (note 6) for the benefit of Janet Malcom £505 (2020: £584) and for the benefit of Juliet Dunning £301 (2020: 376).
## **12.2 Related party transactions**
There were no related party transactions.
## **13 Contingent liabilities**
There are no contingent liabilities.
Page 8