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**
- 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.
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 {0ert
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 cap1
io
li
100
38,587
Ico
51,455
Totsl fund&.
The company was entitled to exemFkn from audlt ur 5477 of the Companles Act 2006
relaung to Small companles.
The members have r4uired the company to obtsln an att In accoryIan w5th 476
of the compan Act 26.
The dlrector5 acknow* thelr re5Fonslbllltles for ccmptylry wth the requlreffents of the
CL)mpanies Act wlth reSpt 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