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2022-08-31-accounts

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 Barbara Preddy Secretary Alison Bennett appointed 23/9/2021 Juliet Dunning Hannah Keddie resigned 18/11/2021 Rosemary Lathey appointed 23/9/2021 Janet Malcom Sarah Newman Sara Shelton Mary Willis resigned 10/11/2022 Simon Young

Trustees’ Annual Report

The trustees have pleasure in presenting their report and the unaudited financial statements for the charity for the year ending August 2022.

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

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.

We continue to have grave concerns about the sustainability of the current Early Years funding model, as annual increases in local funding rates fall well behind increases in the National Living Wage, which is the underlying driver of staff pay levels. This increasing mismatch between our income and costs is exacerbated by inflation across all other costs. The current funding model materially restricts our

ability to pay our current staff rates whith adequatety reflett their expertise and qualifications, and their commttment to the delivery of high quality care and eduGltion. It is increasingty difficult to recruit staff with the requistte qualifications. Our income for the period was £64,976 (2021.. £74,595) and exFenditure was £77,844 (2021: £76,314). The operating loss was £12,868 (2021: loss of £1,719) due primarily to ongoing local demographic challenges and the lingering shift in working patterns following the COVID 19 pandemic. This year, 97.6% (2021: 83.4%) of our income was spent ￿ staff costs, and 11.2% (2021: 9.7010) was spent on rent. The operats'ng loss ￿ equivalent to 19.8% (2021: 2.3 % ) of Income. Contingency monies are held in a separate bank account called the Reser4e Account. It is administered to hold Reserves to cover redundancies (in line wlth Government Guidelines), Pr*School pemianent closure, hazard closure and Insuran￿ tssues, legal fees and 6 months, rent pending dosure or relcotion. Elaine Willis Chairperson Dlrector and Trustee Dats; l)- 3 _ 2023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee members of LYNDHURsf PRE-SCHOOL On accounts for the year ended 31 AUGUSf 2022 Charity no lif any) 1107974 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 31108 12022. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act"). I report in respect of my examination of the Trust's accounts carried out under secb'on 145 of the 2011 Act and in ¢arrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5}{bl of th8 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination {0￿￿ert 41561￿.} which gives me cause to believe that in. any material respect. the accounting records were not kept in accordance wsth section 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming th8 fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any ￿qUirement that the accounts give a 'tme and fairf view which is not a matter considered as part of an independent examination. I have no ¢oncerns and 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. Please delete the words in the brackets if they do not apply. Signed: Date: Name.. Relevant professional qualification{s} or body IER Oct 2018

lif any): Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of chanty accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. 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 2022

YEAR ENDED 31 AUGUST 2022

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 2022

Notes
INCOME
3
Income from:
Donations and fundraising
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		 2022
£


4,871
60,101
4		 2021
£
1,406
73,186
3
64,976 74,595



(344)
**(77,500) **
(923)

(75,391)
(77,844)
(76,314)
**(12,868) **
(1,719)


(12,868)
51,555
(1,719)
53,274
38,687 51,555

Page 3

Balan￿ Sheet FOR THE YEAR ENDED 31 AUGusf 2022 2021 2021 Cash at bank and In haThJ Totsl As%ets: 39,108 39.108 52,030 52,030 Currnntllabllitia&" {421) {475) Total net asmts: 51,555 Repregentod br. Share cap￿1 io li 100 38,587 Ico 51,455 Totsl fund&. The company was entitled to exemFkn from audlt u￿r 5477 of the Companles Act 2006 relaung to Small companles. The members have r4uired the company to obtsln an a￿tt In accoryIan￿ w5th 476 of the compan￿ Act 2￿6. The dlrector5 acknow* thelr re5Fonslbllltles for ccmptylry wth the requlreffents of the CL)mpanies Act wlth reSp￿t to accountlTrJ reconts and preparatlon of aco)unts. These accounts have been Prepar￿ the fftslons appllcable to small companles subjert to the small CAJnpanles regbne arxl In acccffdarKe wth FRS102 SORP. Approved and authorlsed for issue the tntstees arKI signed on thelr bthalf ty.. Allson Mary 8ennett Director and Trustee Date: 2023 Page 4

Notes to the Accounts

FOR THE YEAR ENDED 31 AUGUST 2022

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 2022

3 Income

Income for the year is analysed as follows:

Donations and fundraising:
Donations
Grants
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
2022
£
382
1,000
3,489		 Unrestricted
2021
£
900
-
506
4,871 1,406
46,026
14,075		 64,559
8,627
60,101
4		 73,186
3
4 3
64,976 74,595

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
2022
£
344		 Unrestricted
2021
£
923
344 923
63,454
7,275
3,066
3,705		 62,199
7,238
3,141
2,813
77,500 75,391
77,844 76,314

Support costs include fees paid to the independent examiner of the accounts of £nil (2021: £nil).

Page 6

Notes to the Accounts

FOR THE YEAR ENDED 31 AUGUST 2022

5 Staff costs

Wages and salaries
Social security costs
Other pension costs (note 6)		 2022
£
62,515
-
939		 2021
£
61,188
-
1,011
63,454 62,199

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 £38,610 (2021: £40,185).

The average monthly number of employees during the year was as follows:

2022 2021
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 £939 (2021: £1,011) and at the year end, the amount due to the scheme was £nil (2021: £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		 2022
£
-
421		 2021
£
-
475
421 475

Deferred income is EYE funding received in advance from Hampshire County Council.

Page 7

FOR THE YEAR ENDED 31 AUGUST 2022

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
2022
£
51,455
64,976
(77,844)		 Total
funds
2022
£

51,455
64,976
(77,844)
38,587		 Unrestricted
funds
2021
£
53,174
74,595
(76,314)		 Total
funds
2021
£
53,174
74,595
(76,314)
38,587 51,455 51,455

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 £22,430 (2021: £23,086) and the remuneration of the Deputy Nursery Manager, Juliet Dunning, (excluding pension contributions) was £15,419 (2021: £16,293) 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 £486 (2021: £505) and for the benefit of Juliet Dunning £275 (2021: 301).

12.2 Related party transactions

There were no related party transactions.

13 Contingent liabilities

There are no contingent liabilities.

Page 8