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2022-08-31-accounts

HORNS DROVE COMMUNITY PRE-SCHOOL FINANCIAL STATEMENTS 31[st] August 2022

Charity Number 1112355

HORNS DROVE COMMUNITY PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2022

HORNS DROVE COMMUNITY PRE-SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2022
CONTENTS
Trustees annual report 3
Independent examiner's report to the trustees 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 to 9

HORNS DROVE COMMUNITY PRE-SCHOOL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 August 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31[st] August 2022

REGISTERED OFFICE

Bakers Drove, Rownhams, Southampton SO16 8AD

REGISTERED COMPANY NUMBER

05604221 (England and Wales)

TRUSTEES

Lisa Mallen Kirsty Cook Vicki Ansell

INDEPENDENT EXAMINER

Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG

CONSTITUTION

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

The Charity was registered and the Company incorporated on 26[th] October 2005, the company All documents available from the directors upon request.

OBJECTIVES and AIMS

We operate a Pre School for children from two years to starting school. This operates 9am to 3pm in term time with around 60 children on roll.

Our Breakfast club runs from 7:45 to 9 am and caters for children aged two to eleven

Our RASCALS after school club runs from 3pm to 6pm and caters for children aged three to eleven. Our Holiday Club runs from 8.30 am to 6pm each day for children aged three to eleven. Our setting allows us to provide formal activities under the EYFS and informal holiday activities. We confirm that we have complied with section 17 of the Charities Act 2011 for public benefit.

GOVERNANCE and MANAGEMENT

All trustees are non executive and receive no remuneration for their roles.

Trustees are appointed by serving Trustees and are normally parents of children attending our setting bringing different skill sets and an understanding of what the setting needs to thrive.

The Board of Trustees have responsibility for all the major decisions of the charity.

The Trustees delegate the day to day running of the charity to the Childcare Manager, who manages the Pre school Deputy Manager and the RASCALS Deputy Manager who in turn manage their teams who care and provide for children In their care. Daily decisions are made by the Managers with larger decisions reviewed and agreed by the Trustees.

RESERVES POLICY

We have a Reserve Policy in place and the reserved funds cover three months of running costs at a minimum. We divert funds into this on an ongoing monthly basis in order to replace or refurbish our current building which should last for another 14 years, according to the recommended lifespan of a building of this type.

HORNS DROVE COMMUNITY PRE-SCHOOL TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 August 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of Horns Drove Community Preschool for the purposes of company law) are responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations

Company law requires the members to prepare financial statements for each financial period. Under company law the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the members are required to:

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SIGNED ON BEHALF OF THE TRUSTEES

Kirsty Cook Vicki Ansell 29[th] May 2023

HORNS DROVE COMMUNITY PRE-SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 August 2022

I report on the accounts of the charity for the year ended 31 August 2022 which are set out on pages 4 to 7

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Charity's Trustees (who are also Directors for the purposes of company law) 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 Horns Drove Community Preschool 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.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1)which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

(3) the accounting requirements of section 396 of the 2006 were not met.

Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG

29[th] May 2023

HORNS DROVE COMMUNITY PRE-SCHOOL INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 August 2022

Note
INCOMING RESOURCES
Donations and Legacies
1
Childcare Fees
Childcare funding
Fundraising events and uniform sales
Bank interest
Sundry income
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Wages, salaries and pensions
2
Building costs
Equipment costs
External activity providers
Cleaning and waste disposal
Vehicle costs
Administration
Insurance
Charitable activities
Accountancy and payroll services
Subscriptions and licences
Depreciation
Legal and professional fees
Governance costs
TOTAL RESOURCES EXPENDED
NET INCOMING/ (OUTGOING) RESOURCES		 2021
£
£
£
£
£
100
100
7,412
115,923
115,923
91,227
123,724
123,724
84,088
1,101
1,101
1,470
0
0
5
11,684
11,684
1,522
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2022
252,532
0
0
252,532
185,724
0
163,085
163,085
123,385
6,543
6,543
3,870
12,379
12,379
5,752
2,340
2,340
245
3,929
3,929
4,758
0
0
920
5,777
5,777
4,590
2,976
2,976
2,589
197,029
197,029
146,110
1,975
1,975
3,633
3,810
3,810
3,210
6,345
6,345
7,725
63
63
912
12,193
0
0
12,193
15,480
209,222
0
0
209,222
161,589
0
0.00
43,310
0
0
43,310
24,135

The notes on pages 8 to 9 form part of these financial statements.

HORNS DROVE COMMUNITY PRE-SCHOOL BALANCE SHEET AS AT 31[st] AUGUST 2022

Note
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Trade Debtors
Prepayments
Cash at bank and in hand
CURRENT LIABILITIES
Trade Creditors
5
Accruals and other creditors
NET CURRENT ASSETS
NET ASSETS
FUNDS
General Fund
6
TOTAL FUNDS		 2022
2021
£
£
£
£
49,010
50,754
49,010
50,754
28,501
-892
1,758
137,003
86,421
165,504
87,287
2,387
-286
38,820
8,330
41,207
8,044
124,298
79,243
173,307
129,997
173,306
129,995
173,306
129,995
1
1

These financial statements were approved on 29[th] May 2023

0 Kirsty Cook Vicki Ansell

The notes on pages 8 to 9 form part of these financial statements.

HORNS DROVE COMMUNITY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2022

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets, and in accordance with applicable United Kingdom accounting standards and The requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).

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

Liabilities

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.

Taxation

The Charity and the company are exempt from tax.

Fixed assets

All fixed assets are initially recorded at cost.

Assets donated to the charity and those fully depreciated are deemed to have residual value of £1 A detailed schedule is held by the board.

Land and buildings 4% straight line Fixtures and fittings 25% straight line Office equipment 25% straight line

Pension costs

The charity operates a defined contribution pension scheme for all employees.

2. EMPLOYEES

2022 2021 The average number of employees during the year, was as follows: 11 11 No employee received remuneration of more than £50,000 during the year (2021 Nil).

3. TRUSTEES

Lisa Mallen, Trustee and Director, was paid £1,975 (2021 £3,620) in respect of accountancy services. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the current or previous year.

No expenses were reimbursed to any individual trustee during the current or previous year.

HORNS DROVE COMMUNITY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2022

4. FIXED ASSETS
COST
Brought forward at 01.09.21
Revaluation in year
Additions
Disposals
Carried forward as at 31.08.22
DEPRECIATION
Brought forward at 01.09.21
Charge for the year
Disposals
Carried forward as at 31.08.22
NET BOOK VALUE
Brought forward at 01.09.21
Carried forward as at 31.08.22
5. CREDITORS
Accounts Payable
Accruals
Wages and pension creditors
Sundry Creditors
6. RESERVES
General unrestricted reserve		 Building
Vehicles
Total
2021
£
£
£
£
£
£
119,604
19,485
2,229
0
141,317
141,319
0
0
0
3,638
964
0
4,602
0
0
0
0
0
Fixtures and
fittings
Office
equipment		 Building
Vehicles
Total
2021
£
£
£
£
£
£
119,604
19,485
2,229
0
141,317
141,319
0
0
0
3,638
964
0
4,602
0
0
0
0
0
Fixtures and
fittings
Office
equipment
119,604
23,123
3,193
0
145,919
141,319
70,167
18,522
1,875
0
90,565
82,842
4,784
1,116
445
0
6,345
7,723
0
74,951
19,638
2,320
0
96,910
90,565
49,436
963
353
0
50,753
58,477
44,652
3,485
872
0
49,010
50,754
2022
2021
£
£
2,387
-286
5,595
4,094
5,246
2,249
27,979
1,988
41,207
8,044
Income
Expenditure
Transfers
£
£
£
£
£
129,995
252,532
209,222
173,306
01.09.21
b/fwd
c/fwd
31.08.22
129,995
252,532
209,222
0
173,306