REGISTERED COMPANY NUMBER: 05995265 (F,ngl4nd and Wale5) REGISTERED CHARITY NUMBER: 1117961 Report of the Trustees #md Fin*nel•l Ststements for Ihe YeAr Ended 31 August 2022 for FETCHAM VILLAGE PRE-SCHOOL Russell & Co Station 14ouse Siaiion Approach East Hofsley Leatherhead sU¢Y KT24 6QX
FETCHAM VILLAGE PRE-SCHOOL Contents of the Financial Statements for the Year Ended 31 Aueust 2022 Pge Report of th¢ Trustees Indtpertdent Examin¢r'J Report Statement of Fin#tseial Activiti¢S B#lAn¢e Sheet Notes to the Financl#l S¢t¢ments 6 to 10 Det*iled Statement of Financial Actlvltles 11 10 12
FETCHAM VILLAGE PRE-SCHOOL Report of the Trn5te¢5 for the Year Ended 31 Augll$t 2022 The tnJste¢s who are also direciors of the charity for the purposes of the Companies Act 2006. present their report with Ihe financial stsiements of the charity for the year cndcd 31 August 2022. The trustees have adopted the provisions tsf Accounting and Reporting by Charities.. steMent of liecommended Prdctice applicable to charities preparing their a¢counts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). C)BJF.CTIVES AND AcfiviTIES Objective5 and aim$ To provide for the development and ¢ducation of childrtn primarily under statytory school age. Sl%nifJc#nt attlvllle$ The charity runs a pre-school for ten sessions per w¢¢k (five morning and five afternoon), 38 w¢ek$ a year ACHIEVEMENT AND PERFORMANCE Chgrltgble a¢livities The charity t¢)ok over the njnning of an existing pre-school from September 2006. The pre-sch<)ol r8n very .sucees5fiJlly and at capacity benefiting over 90 local childr¢n and their families b¢fore the Covid-19 pandemic. Recovery has been slow with both the numbcr of children att¢nding and the number of sessions book¢d bein8 below capa¢ity, The children are Yery happy ai the pre-school and an Ofsied inspeciion September 2019 assessed the selling as outstanding. When planning the activities of the charity, the trustees have due regard for the public benefil guidance published by the Charity Commission. FINANCIAL RF.VIEW Principal funding so11¢$ Th¢ principal source of funds is through the nw5ery education grani. The expendinjre supports the salaries of high quality staff who provide the best pre-school educaiion io mttt th¢ need5 of young childr¢n. Thi5 year, due io the spare capacity. the pre-school incom¢ has been significantly lower than in previous years and the Trustees recognis¢d the need for chthge. Markd research identified a substantial demand for a full day option and thi$ is being introdu¢¢d from 3 Isi O¢tober 2022 to ensure the pre-school remains financially viabl¢. Reserves policy The reserves at 31 st August 2022 were £5,955 The trustees aim io rnaintsin reserves io fvnd redundancy payThents in the unlikely event that the pre-school has io close and these were estimat¢d to £16.000 ai 31si August 2022. STRUCTURE. GOVERNANCF. AND MANAGEMENT GovernTng document Fetcham Village Pre-SchiK)l 15 a company limited by guaraniee with no share capital, and a registered charity governed by it.% M¢morandum and Arti¢l¢s of Association. li was incorporated on 10 November 2006 in England and Wales and beearne a registered charity on 14th Febru¥ry 2007. Ref ruilment and appointment of bew trustees Three tnle¢S ar¢ appointed by Frf¢ham Village Infant School's goveTning body. Two trwtee5 are elected by members of the charity. REFERENCE AND ADMINisfRATIVE DETAILS Registered CoThp4ny number 05995265 (England and Wales) Registereil CharKty number 1117961 Page I
FETCHAM VILLAGE PRE-SCHOOL Report of the TrMst¢es for the Year Ended 31 August 21n2 Rtgistered offi¢¢ School Lane Fetcham Surrey KT22 9JU Trv5tees D claOn (resigned 9.11.21) JPRlaw Ms L Rankine Mr5 J Herbert K E Wingrave (resigned 13.9.22) Mr5 L McHale (appointed 9.11.21) Miss A De Jesus {appointed 13.9.22) Independent Examiner Russell & Co Station House Station Approach East Florsley Leatherh¢ad Surrey KT24 6QX 1. 10.20?. Approved by order of the board of Intee$ on ............................... . and signed on its behalf by. Miss A De us Trustee Page 2
Independent Ex8miner'5 Report to ¢be TTUStees of Fet¢ham Village Pre-school Independent examiner's report to tbe tru$i¢es of Fetcham VillaEe Prfrsehool {'the C•mpAny') I report to the ¢harity twslees on my examination of the accounts of th¢ Company for the year ended 31 August 2022. Responsibiliti and b85is of report As th¢ ¢haTiWs trustees of the Company {and also its diTedors for the purposes of cornpany lawl you are responsible for the preparation of the accolmts in accordanc¢ with the requirements of the Companies Act 2006 {'the 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audited und¢r Part 16 of the 2006 Act and are eligible for independent examinatio I report in respect of my exarnination of your charitys accounts as carried out under section 145 of the Charities Aci 2011 (the 2011 Act'l. In carrying out my examIn10n I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent ex¥4Mlntl statement I have completed rny examination. I confirni that no matters have come to my attenlion in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Compony required by section 386 of the 2006 Act: or the accounts do noi accord with thos¢ reds. or the accounts do not comply with the o¢cowiling requirements of section 396 of ihe 2006 oiher than any requiremeni thai the a¢¢ounts give a true and fair view which is not a maft¢r ¢onsidered as part of an independent examinaiion: or the a¢¢ounts have not been prepared in &eordanee with the methods and principle$ of the S¢at¢m¢nt of Recommended Practice foT accounting and reporting by charities (applicable to charrtie5 preparin8 their accounts in accordance wilh ihe Financial Reporting Sthndard appIlble in the UK and Republic of Ireland (FRS 102)). I have no concerns and hav¢ Com¢ across no otheT matter5 in connection wilh the examination to which attention should be dr&wn in thi5 report in order to enable a proper tsnd¢rswiding of th¢ accounts lo be reached. Andrew Russell Chartered Accountant Russell & Co Station House Station Approach Easi Horsley Leatherhead Surrey KT24 6QX Date.. zi. io. Page 3
FETCHAM VILLAGE PRE-SCHOOL Statement of Financial Activities for the Year Ended 31 August 2022 21122 Unrestricted fund 2021 Tirtal funds INCOME AND F.NDOWMENTS FROM Ch8ritgble activities Pre-sch(KJl 119,660 139,889 Investment income Total 119,667 139,893 EXPENDITURE ON Charitable activities Pre-¥hl 140J07 133.972 NET INCOME/{EXPENDITURE) (20.640) 5.921 RECONCILIATION OF FUNDS Total funds broughi fonv#rd 26.595 20.674 TOTAL FUNDS CARRIED FORWARD 26,595 The notes form part of these firn¢la] Statements Page 4
FETCHAM VILLAGE PREcHOoL B#ianet Sheet 31 August 2022 2022 Unrestrfettd fund 2021 Total fi]nds Noie$ CURRENT A&SETS Cash at bAnk 6,714 27,934 CREDITORS Amounts falling due within on¢ year (759) (1.339) NET CURRENT ASSETS 5.955 26,595 TOTAL ASSETS LESS CURRENT LIABILITIES 5,955 26,595 NET ASSETS 5,955 26.595 FUNDS UnT¢Strict¢d ndS 5,955 26,595 TOTAL FUNDS 5.955 26,595 The ch2ri&ble company is entitle&to exemption from dit under Section 477 of the Companie4 Ad 21K16 for the ye ¢nd¢d 31 Augu512022. The member8 have not rg4uired the company to obtsin •n audit of its finan¢i¥l sw¢m¢nts for the year ended 31 August 2022 in accordance with Seeiion 476 of the Companies Aci 2tM)6. The trustees acknowled8¢ their resrKJnsibiliiie8 (9) ¢n8urin8 thai the charitable Company keeps xcouniin8 recLYth that comply with Sedions 386 and 387 of the Companies A¢t 2006 and pr¢paring financial siaiemenls which giv¢ a true and fair view of the stste of affairs of the charitsble cornpany as at Ihc cnd of cach financial year and of its surplus or deficii for each financial year in a¢tordan¢e with the rcquiremcnts of Sections 394 and 395 and whÈch oiherwise comply with the requirements of the Companies Act 2006 relating to financial statemet)ts, so far &s applicable to the chan"table company. (b) These finwKial statements hav¢ been prepued in accorda¢ with the provisiom applicable to ¢haTitable companies subject lo the Small companies regime. The financial stst¢m¢nts wffe approved by th¢ Board of TDJStees attd auth¢)Tised for issue on .:..lo,..%>.xL . and weye sJ8ned on its behalf by.. A De Jesus- Trjstee The notes fomi part of these financial statements Page S
FETCHAM VILLAGE PREcHOoL Note5 to the Finnci#l Statements for tbe Ye#r E4ded 31 August 2022 ACCOUNTING POLICI B1$ of preparlnE the f8¢14] statemtnts 'lTh¢ fancial stat¢n)ents of the charilable company. which is y public benefii enlity und¢r FRS 102. have been PTcpared in accordance with the Charitics SORP (FRS 102) 'Accounting and Reporting by Charities.. Sraiement ol Rccommended Practice applÈcable to charities preparlng their 8¢counts Rn attordance with the Financial Reporting Standard applicabl¢ in ihe UK and Republic of Ireland IFRS 102) {effective l January 20191.. Financial Reponing Standard 102 The Financial Reporting StaDdard applicable in the UK And Republic of Ireland, and the CoiTJpanies Ati 2006. The fmancial statemen15 have been prepared under the hisiorical cost ¢onvention. Income All income li r¢¢ognised in the Statement of Financial Aciivilies once th¢ ¢haTily has etttitlement to the fids, it is probable that the incorne will be received 8nd the amount c8n be mea8ur¢d reliably. Expendltur¢ Liabilities are reColsed as expenditure as soon thu¢ is a legal or constnJeiiv¢ obligalion committing thc harity to ihht expenditure, il 15 Probable that a trfer of economic beDefits will be Yequired in settlement and the amount of the obli8aiion Can be Measur reliably. Expendiwre is aewIl¢d for on an acc1$ ba515 and has been classified undcr ldIng$ thai a8gr¢yt¢ all CO related to the c4te80ry. Wherc ¢osis ¢Jnnot b¢ dir¢ctly attributed io particular headings Ily bave been 4llocaied 4divities a basis consisient with the llse of resources. Tan%lble fixed alts Depreciation 1% provjded 01 the following annuat rates in order to write off each asset over its estirnated useful lift. Equipmeni Computu equipmeni 20Y• l)n eos¢ Taxtl•n The charity is exempt from conKJrotion tax on its Ch]ble actiViti¢8. Fund ACCOUDtlng UnTeslrict¢d fimds can be ts8¢d in accordane¢ with the cbaritable objectives at the discTets"ott of the tsustees. Restri¢ted funds Can only be used for P4Tti¢ular restri¢] pwposes within the Obje of the chan'ty. Restn'ctions tiTi5¢ when specifi¢d by the donor OT whe* funds ar¢ raised for p#rti¢ular restri¢t¢d purposes. Further ¢xplanation of the nature 8nd PUTP05e of each hjrtd is included in the notes to th¢ fir1&1 statements. Penglon cfjits •nd other post-redremeD¢ bentfits Th¢ charitable company operat¢s a defined contribution pension sch¢me. Contributions payable to the cbaritable mpaDy'S nsiOn scherne are Charged io th¢ Statement of Finala1 Activities in the period to whi¢h they relate. P8ge 6 continued...
FETCHAM VILLAGE PREcHOoL Notes to tbe Financial Statements- eotstlnued for the Yr Ended 31 August 2022 INVESTMEiYf INCOME 2022 2021 Deposit account inieresi TRUSTEES, REMUNERATION AND BENEFITS There were no trusiees, rernunerntion or ¢Aher benefits for the year 31 August 2022 nor for the year ended 31 August 2021. Trustees. expenses There were no trustee5' cxpenKs paid for the year ended 31 August 2022 nor for the year ended 31 August 2021. STAFF COSTS 2(J22 2021 Wages and salaries Social security cosis Other nSiOn costs 108J68 105,179 1.884 1,830 110,253 107.009 The average monthly number of employtts during the y¢ar was as follows.. 2022 13 2021 12 Part-iime nursery Staff No ¢mployee5 received emoluments in ex¢es5 of £60.000. The Pre-school employed iwelve parf-lirne Maff during the year. This is ¢stimed io be five full-time ¢quivalent employees. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITILS Unrestricted fund INCOME AND ENDOWMENTS FROM Charitsble 4¢tÉvities Pre-h0o1 139,889 InvesttneTrt income TolAI 139,893 EXPENDITURE ON Charitable clivities Pre-school 133.972 Page 7 continued...
FETCHAM VILLAGE PRE-SCHOOL Note5 to the Financi81 Statemtnts - cont&tsued for the Year Endd 31 August 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivITIES- eontinued Unresiricted fund NET INCOME 5.921 RECONCILIATION OF FUNDS Total fund5 brought forward 20,674 TOTAL FUNDS CARRIED FORWARD 26,595 TANGIBLE FIXED ASSETS Computer equipment Equipm¢nt Tota15 COST At I September 2021 and 31 August 2022 10,544 4,930 15,474 DEPRECIATION At I September 2021 and 31 August 2022 10,544 4,930 15,474 NET BOOK VALUE At 31 Augusi 2022 At 31 Au8USt 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Social security and other tsxes Other creditors Accrued expense5 {1.169) 821 51 510 759 1,339 Page 8 continued...
FETCHAM VILLAGE PRE-SCHOOL Notes to the Finaneial St*tements- ¢ontinued for the Year Ended 31 August 2022 MOVEMENT IN FUNDS Net movem¢nt in funds At 31.8.22 At 1.9.21 Unrestrict¢d funds General fund 20,595 (20.640) 5.955 TOTAL FUNDS 26J9S (20.640) Net movemeni in fund& included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrltted funds General fund 119,667 {140J07) 120,640) TOTAL FUNDS 119,667 (1411J07) (2Tr,640) cOmrat}Ve$ for movetytnt in funds Net movement in fund5 At 31.8.21 Ai 1.9.20 Unrtstrl¢ted funds G¢n¢ral fund 20,674 5,921 26,595 TOTAL FUNDS 20,674 5.921 26.595 Comparative t)et rnovement in fund5, included in the above are Ls follows: Incoming Resources ¢xpended Movement in fvnds Unrestricled funds Genera] fund 139.893 (133,972) 5,921 TOTAL FUNDS 139.893 {133.972) 5,921 Page 9 Continued...
FETCHAM VILLAGE PRE-SCHOOL Notes to the Finaneial Statements- ¢QDtinued for tbe Year Ended 31 AgUSt 2022 MOVEMENT IN FUNDS- ¢ootinued A CUTrent year 12 month5 and prior y¢ar 12 months combiTbed position is as follows". Net movement in funds At 31.8.22 At 1.9.20 Unre5trlrted funds GeneTal fund 20,674 114,719) 5,955 TOTAL Fuf4DS 20,674 (14.719) 5,955 A Cent y¢ar 12 months and prior yegr 12 months combind net movement in fijnds. included in the above are &8 follows.. In¢orning resources Resources expended Movement in funds Unre5trlcted funds General fund 259,560 (274,279) {14,719) TOTAL FUNDS 259.560 (274.2791 (14.719) RELATED PARTY DISCLOSURES There were no related party transa¢tions for the year ended 31 Augu4 2022. Page 10
FETCHAM VILLAGE PRE-SCHOOL Detailed Statement of Financial Aetivitles for the Year Ended 31 August 2022 2022 2021 INCOME AND ENDOWMENTS Investment income Deposit account inter¢$t Charitable activitles Flees (from parents) (hher income Grants HMRC Job Retention Scheme 17,820 4.558 92.282 19,268 ,607 106,216 5,798 119.600 139,889 Totll Incomlng resources 119.667 139,893 EXPENDITURK ChiritAble activities Wages 8ocial S¢CUTity Pensions R¢n( & rates Supplies & ¢quipmeni Utilities & Cleaning Building Maintenance Administrdtion costs Trnining CRB check5 Insurance Outings Photocopying Staff welfare S¢aff re¢Tuiknent 108,368 105.179 1,884 10,033 5.527 6,649 S83 3,766 436 loo 1,830 9,078 3,533 5,843 954 4,172 1,107 429 834 681 323 150 139,105 132.708 Support co$ts Finanee Bank charges 40 Governsn¢¢ tos¢S Accountancy fees Administrative costs Other costs 510 61)4 48 510 706 48 1,162 1.264 This page does not fonn part of the stawiory finan¢ial suements Pag¢ll
FETCHAM VILLAGE PRE-SCHOOL Detailed Statement of Financial Activities for tb¢ Year Ended 31 August 21122 2022 2021 Total resources exp¢nded 140J07 133,972 Net (expenditureyineome 1211.640) 3.921 This page does not forn) part of the 5tstutory financial staternents Page 12