Digitally Signed Document Document ID: BFE69853EBB533
Document Details:
| Filename: | DANBY001LC-Charity accounts (final)-KD- 20231031-152334-731.PDF |
|---|---|
| Client of: | ESW Chartered Accountants |
Signature Details
| Name: | Gillian Austin |
|---|---|
| Email: | gillian_huson@hotmail.com |
| Date & Time: | 01/11/2023 12:41:25 PM (GMT) |
| IP Address: | 94.195.1.111 |
| Signing Statement: | Danbury Pre-School agrees and approves the contents of this document. |
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| On behalf of: | ESW Chartered Accountants |
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REGISTERED COMPANY NUMBER: 05370156 (England and Wales) REGISTERED CHARITY NUMBER: 1111808
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
FOR
DANBURY PRE-SCHOOL
ESW Chartered Accountants 162-164 High Street Rayleigh Essex SS6 7BS
DANBURY PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
DANBURY PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5th April 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective of the charity is to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion or means of ability;
Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs;
Instigating and adhering to and furthering the aims and objectives of the Pre-School Learning Alliance.
The Charity has continued to provide Pre-School childcare facilities throughout the period.
Public benefit
The Trustees consider that the activities of the charity are carried out for the public benefit and in particular adhere to the following charitable purposes as set out by the Charity Commission in its general guidance on public benefit:
- Other: provision of childcare.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Pre-School has continued to maintain good occupancy figures and service standards.
FINANCIAL REVIEW
The year has seen the funds held by the charity increased due to a surplus (net expense resources) of £13,589 (2022 surplus - £4,137). Income resources have decreased by 3.36% and resources expended have decreased by 9.09%.
The principal funding source comes from childcare fees and funding received and the main resource being expended relates to staff costs.
Balance sheet
The balance sheet shows that the charity has cash balances amounting to £144,197 (2022 - £136,795), being sufficient funds to allow all its creditors to be paid on time.
Investment policy
Surplus cash balances are held in interest bearing bank deposit accounts, to enable the charity to maximise the gain from holding large bank balances.
The Management Committee tries to ensure that there are unrestricted reserves sufficient to cover three months operating costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
DANBURY PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
In order to obtain a wide spread of experience and appropriate skills, the recruitment of Trustees/Management Committee Members is usually vetted by the Pre-School manager from available parent volunteers. Trustees/Management Committee Members are elected by the parents in the annual general meeting.
Organisational structure
The Management Committee meets 4-6 times a year to discuss any issues and to plan future developments.
Induction and training of new trustees
New Trustees/Management Committee Members are provided with an induction. This includes a meeting with the Pre-School manager (and/or the out-going committee member for whom they will replace) to familiarise themselves with their responsibilities and legal obligations to the charity, and a briefing on background information on the charity and other relevant documents.
The Chairperson is also sent on a safeguarding course.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05370156 (England and Wales)
Registered Charity number
1111808
Registered office
Danbury Pre-school at St.John's Little Baddow Road Danbury Chelmsford Essex CM3 4NS
Trustees
Mrs G Austin Chairperson Mrs A Coates Ms A Davis (resigned 27.3.2023) Mrs L Groves
Company Secretary
Mrs C Jones
Independent Examiner
ESW Chartered Accountants 162-164 High Street Rayleigh Essex SS6 7BS
Approved by order of the board of trustees on 31st October 2023 and signed on its behalf by:
Mrs G Austin - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DANBURY PRE-SCHOOL
Independent examiner's report to the trustees of Danbury Pre-School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5th April 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns 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.
Mr S Cracknell FCA
ESW Chartered Accountants 162-164 High Street Rayleigh Essex SS6 7BS
31st October 2023
Page 3
DANBURY PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 945 Charitable activities 5 Charitable 164,032 Other trading activities 3 670 Investment income 4 184 Total 165,831 EXPENDITURE ON Raising funds 890 Charitable activities 6 Charitable 151,352 Total 152,242 NET INCOME 13,589 RECONCILIATION OF FUNDS Total funds brought forward 133,114 TOTAL FUNDS CARRIED FORWARD 146,703 |
2022 Total funds £ 4,385 165,534 1,678 11 |
|---|---|
| 171,608 | |
| 400 167,071 |
|
| 167,471 | |
| 4,137 128,977 |
|
| 133,114 |
The notes form part of these financial statements
Page 4
DANBURY PRE-SCHOOL
BALANCE SHEET 5TH APRIL 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 10 618 CURRENT ASSETS Debtors 11 2,760 Cash at bank and in hand 144,197 146,957 CREDITORS Amounts falling due within one year 12 (872) NET CURRENT ASSETS 146,085 TOTAL ASSETS LESS CURRENT LIABILITIES 146,703 NET ASSETS 146,703 FUNDS 13 Unrestricted funds 146,703 TOTAL FUNDS 146,703 |
2022 Total funds £ 1,305 2,845 136,795 139,640 (7,831) 131,809 133,114 133,114 133,114 133,114 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31st October 2023 and were signed on its behalf by:
G Austin - Trustee
The notes form part of these financial statements
Page 5
DANBURY PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years Computer equipment - Straight line over 3 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Donations | 945 | 4,385 |
Page 6
continued...
DANBURY PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
| 3. OTHER TRADING ACTIVITIES Fundraising events 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Charitable Fees Charitable Funding Charitable Uniform Charitable Before and after school clubs Charitable Milk rebate Charitable 6. CHARITABLE ACTIVITIES COSTS Charitable 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
Direct Costs £ 148,455 |
2023 £ 670 2023 £ 184 2023 £ - 18,197 97,781 394 46,928 732 164,032 Support costs £ 2,897 2023 £ 919 |
2022 £ 1,678 2022 £ 11 2022 £ 1,060 22,030 105,393 126 36,286 639 |
|---|---|---|---|
| 165,534 | |||
| Totals £ 151,352 |
|||
| 2022 £ 1,099 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5th April 2023 nor for the year ended 5th April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2023 nor for the year ended 5th April 2022.
continued...
Page 7
DANBURY PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Support Childcare |
2023 1 14 15 |
2022 1 14 |
|---|---|---|
| 15 |
No employees received emoluments in excess of £60,000.
10. TANGIBLE FIXED ASSETS
| 10. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 6th April 2022 | 7,334 | 4,580 | 11,914 | |
| Additions | 57 | 175 | 232 | |
| At 5th April 2023 | 7,391 | 4,755 | 12,146 | |
| DEPRECIATION | ||||
| At 6th April 2022 | 6,302 | 4,307 | 10,609 | |
| Charge for year | 683 | 236 | 919 | |
| At 5th April 2023 | 6,985 | 4,543 | 11,528 | |
| NET BOOK VALUE | ||||
| At 5th April 2023 | 406 | 212 | 618 | |
| At 5th April 2022 | 1,032 | 273 | 1,305 | |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade debtors | 2,228 | 2,450 | ||
| Other debtors | 184 | - | ||
| Prepayments and accrued income | 348 | 395 | ||
| 2,760 | 2,845 |
continued...
Page 8
DANBURY PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income 13. MOVEMENT IN FUNDS At 6.4.22 £ Unrestricted funds General fund 133,114 TOTAL FUNDS 133,114 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 165,831 TOTAL FUNDS 165,831 Comparatives for movement in funds At 6.4.21 £ Unrestricted funds General fund 128,977 TOTAL FUNDS 128,977 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 171,608 TOTAL FUNDS 171,608 |
2023 2022 £ £ 382 409 490 7,422 872 7,831 Net movement At in funds 5.4.23 £ £ 13,589 146,703 13,589 146,703 Resources Movemen expended in funds £ £ (152,242) 13,589 (152,242) 13,589 Net movement At in funds 5.4.22 £ £ 4,137 133,114 4,137 133,114 Resources Movemen expended in funds £ £ (167,471) 4,137 (167,471) 4,137 |
2022 £ 409 7,422 7,831 At 5.4.23 £ 146,703 |
2022 £ 409 7,422 |
|---|---|---|---|
| 7,831 | |||
| 146,703 | |||
| 4,137 |
continued...
Page 9
DANBURY PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.21 £ 128,977 128,977 |
Net movement in funds £ 17,726 17,726 |
At 5.4.23 £ 146,703 |
|---|---|---|---|
| 146,703 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 337,439 337,439 |
Resources Movement expended in funds £ £ (319,713) 17,726 (319,713) 17,726 |
Resources Movement expended in funds £ £ (319,713) 17,726 (319,713) 17,726 |
|---|---|---|---|
| 17,726 |
14. RELATED PARTY DISCLOSURES
The Management Committee considers there to be no ultimate controlling party. No Committee Member has a beneficial interest in the results of the charity.
During the year and previous year there were no transactions with related parties for Pre-School fees paid.
Page 10
DANBURY PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Grants Fees Funding Uniform Before and after school clubs Milk rebate Total incoming resources EXPENDITURE Raising donations and legacies Fundraising expenditure Charitable activities Staff salaries Other staff & training costs Rent Insurance Repairs & equipment Premises (including utilities) Office expenses Children's educational resources Sundry costs Uniforms Cleaning products Catering Advertising Subscriptions, donations and sponsorships Entertaining Bad debts Health & safety Depreciation of fixtures & fittings Depreciation of computer equipment |
2023 £ 945 670 184 - 18,197 97,781 394 46,928 732 164,032 165,831 890 123,322 2,161 - 661 1,050 5,385 2,935 2,095 382 - 2,245 5,512 105 90 1,467 - 126 683 236 148,455 |
2022 £ 4,385 1,678 11 1,060 22,030 105,393 126 36,286 639 |
|---|---|---|
| 165,534 | ||
| 171,608 400 132,363 8,673 225 587 918 5,219 3,153 2,973 - 495 2,451 4,052 - 98 1,347 19 230 839 260 |
||
| 163,902 |
This page does not form part of the statutory financial statements
Page 11
DANBURY PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023 |
||
|---|---|---|
| Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2023 £ 216 2,681 152,242 13,589 |
2022 £ 195 2,974 |
| 167,471 | ||
| 4,137 |
This page does not form part of the statutory financial statements
Page 12