St Anne’s Pre-School, Royton Oldham (A company limited by guarantee)
Financial Statements for the year ended 31 July 2021
| Contents | Page | |
|---|---|---|
| Report of the Management Committee | 2 to 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes forming part of the Financial Statements | 7 to 10 |
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St Anne’s Pre-School, Royton Oldham Report of the Management Committee for the year ended 31 July 2021
The Management Committee presents its report and financial statements for the year ended 31 July 2021.
Reference and Administration Information
Charity Name: St Anne’s Pre-School, Royton, Oldham Charity registration number: 1113566 Company registration number: 05499422 Registered office and operational address: St Anne’s C of E (Aided) Primary School Ormerod Avenue Broadway Royton Oldham OL2 5DH
Management Committee
Mrs J Pitman Chair Mr K Hayward Treasurer Mrs W Auman Mrs N Dunkerley
Secretary
Mrs V Morgan
Independent Examiner
Mr C Crowther FCCA
Bankers
National Westminster Bank PLC
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Structure, Governance and Management
Governing Document
The Organisation is a Charitable Company Limited by Guarantee, incorporated on 5 July 2005 and re-registered as a charity on 4 April 2006. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Management Committee
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting.
Objectives and Activities
The company’s objects and principal activities are 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.
In setting our objectives and planning our activities our Management Committee have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and as fee charging.
Our key objectives for the year included:
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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, means or ability.
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Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs.
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Instigating and adhering to and furthering the aims and objects of the PreSchool Learning Alliance.
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Financial Review
The charity sustained a positive financial outcome for the period with an increase in funds of £26495.
Principal Funding Sources
The principal funding sources are local government grants and school fees charged to parents.
Investment Policy
Aside from retaining a prudent amount in reserves each year most of the charity’s funds are to be spent in the short term so there are few funds for long term investment.
Reserves Policy
The Management Committee has examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in fixed assets held by the charity should be maintained at a minimum bank balance of £500.
Members of the Management Committee
Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are on page 2.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the small companies regime within Part 15 of the Companies Act 2006.
Approved by the management committee on 5[th] November 2021 and signed on its behalf by:
J Pitman Chair
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St Anne’s Pre-School, Royton Oldham Statement of Financial Activities for the year ended 31 July 2021
Incoming resources Notes Incoming resources from generated funds: Voluntary income: Donations and grants 2 Activities for generating funds: Fundraising Investment income Incoming resources from charitable activities: Pre-School fees 3 Other charitable activities 3 Total incoming resources Resources expended Costs of generating funds Fundraising trading: cost of goods sold and other costs Charitable activities Governance costs Total resources expended 4 Net (outgoing) incoming resources before transfer Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Total Total Funds Funds Funds 2020 2020 2019 £ £ £ 103,554 103,554 100,459 16,770 16,770 24,643 416 416 888 120,740 120,740 125,990 109,586 109,586 132,699 900 900 815 110,486 110,486 133,484 10,254 10,254 -7,494 92,287 92,287 99,781 102,541 102,541 92,287 |
|---|---|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 10 form part of these accounts
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St Anne’s Pre-School, Royton Oldham Balance Sheet as at 31 July 2020
2020 2019
| Notes Fixed Assets Tangible assets 9 Current Assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 , Net current Assets Net Assets Unrestricted Funds General funds Restricted funds Total funds 12 |
0 6,802 96,570 103,372 832 102,540 102,540 - 102,540 |
0 9,970 83,149 93,119 832 92,287 92,287 - 92,287 |
|---|---|---|
The accounts are prepared in accordance with the special provisions with Part 15 of the Companies Act 2006 relating to small companies.
For the financial year ended 31 July 2020 the company was entitled to exemption from audit under section 477 Companies Act 2006 and no notice has been deposited under section 476. We acknowledge our responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These accounts have been prepared in accordance with provisions applicable to companies subject to small companies’ regime.
Approved by the management committee on 5[th ] October 2020 and signed on its behalf by:
K Hayward FCCA Treasurer
The notes on pages 7 to 10 form part of the accounts
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Notes forming part of the Financial Statements for t he period ended 31 July 2020
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
(a) Basis of accounting
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
(b) Fund accounting
- Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
(c) Incoming resources
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All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
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Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognized when the charity becomes unconditionally entitled to the grant.
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Investment income is included when receivable.
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Pre-school fees are included in full in the Statement of Financial Activities when receivable.
(d)
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates:
- Costs of generating funds comprise the cost associated with attracting voluntary income and the costs for fundraising purposes.
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.
(e) Fixed assets
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.
2. Donations and grants
| 2020 | 2019 | ||
|---|---|---|---|
| Unrestricted | Total | Total | |
| Local Authority Grants | 103,554 |
103,554 |
100,459 |
| 103,554 | 103,554 | 100,459 | |
| 3. Incoming Resources from Activities to further the Charity’s Objects |
|||
| Unrestricted | 2020 | 2019 | |
| School Fees | 16,770 | 16,770 | 24,643 |
| Other Income | 416 |
416 | 888 |
17,186 |
17,186 | 25,531 | |
| 4. Total Resources Expended | |||
| 2020 | 2019 | ||
Costs directly allocated to activities |
|||
| Wages and NIC | 90,175 | 106,694 | |
| Milk and Food | 2,860 | 3,514 | |
| Resources | 775 | 3,345 | |
| Insurance | 666 | 657 | |
| Training and Travel | 227 | 350 |
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| Support Costs allocated to activities Premises 7,000 Stationary, Postage and Telephone 509 Worldpay 505 Pensions 4,651 Depreciation - Miscellaneous 2,884 Legal and Professional 234 Total resources expended 110,486 5. Net Incoming Resources for the Year 2020 £ 10254 6. Staff Costs and Numbers Staff costs were as follows: Salaries and Wages 87,583 Social Security Costs 2,592 90,175 No employee received emoluments of more than £60,000. The average number of employees during the year was as follows: Management 2 Education 5 7 |
7,000 2,722 811 5,801 - 2432 158 133,484 2019 £ -7494 103,842 2,852 106,694 2 6 8 |
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7. Trustee Remuneration & Related Party Transactions
No members of the management committee received any remuneration during the year.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into the charity during the year
8. Taxation
As a charity, St Annes Pre-School, Royton Oldham is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
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9. Tangible Fixed Assets
| ComputersEquipment £ £ Cost At 1 August 2019 6,395 8,186 Additions 0 0 At 31 July 2020 6,395 8,186 Accumulated Depreciation At 1 August 2019 6,395 8,186 Charge for year 0 0 At 31 July 2020 6,395 8,186 Net book value At 31 July 2020 0 0 At 31 July 2019 0 0 10. Debtors 2020 £ Prepayments 6,802 11. Creditors: Amounts Falling Due within One Year 2020 £ Trade Creditors Other Taxes and Social Security Costs Accruals 832 12. Analysis of Net Assets Between Funds General Funds £ Tangible Fixed Assets 0 Current Assets 103,372 Current Liabilities 832 Net Assets at 31 July 2020 102,540 |
Total £ 14,581 0 14,581 14,581 0 14,581 0 0 2019 £ 9,970 2019 £ 832 Total Funds £ 0 103,372 832 102,540 |
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Independent examiner’s report to the Management Committee of St Anne’s Pre School, Royton Oldham
I report on the accounts of the company for the year ended 31 July 2020, which are set out on pages 5 to 10.
Respective responsibilities of management committee and examiner
The Management Committee (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Management Committee consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 43 of the 1993 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
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to state whether particular matters have come to my attention.
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 the management committee 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:
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(1) which gives me reasonable cause to believe that in any material respect the requirement:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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.
C Crowther 14[th] October 2020
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