REGISTERED COMPANY NUMBER: 05995265 (England and Wales) REGISTERED CHARITY NUMBER: 1117961
Report of the Trustees and Financial Statements for the Year Ended 31 August 2023
for
FETCHAM VILLAGE PRE-SCHOOL
Russell & Co Station House Station Approach East Horsley Leatherhead Surrey KT24 6QX
FETCHAM VILLAGE PRE-SCHOOL
Contents of the Financial Statements for the Year Ended 31 August 2023
e e en e
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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 1}
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FETCHAM VILLAGE PRE-SCHOOL
Report of the Trustees for the Year Ended 31 August 2023
ee
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 31 August 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 | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide for the development and education of children primarily under statutory school age.
Significant activities
The charity runs a pre-school for all day or just morning or just afternoon attendance, 38 weeks a year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity took over the running of an existing pre-school from September 2006. The pre-school ran very successfully and at capacity benefiting over 90 local children and their families before the Covid-19 pandemic. From November 2022, to meet a change in demand post the pandemic, the pre-school opened for full day sessions in addition to the morning or afternoon.Since this change the pre-school has been running at capacity and this is reflected in a substantial increase in income this financial year. Over 50 local children attend. The children are very happy at the pre-school and an Ofsted inspection in September 2019 assessed the setting as outstanding. When planning the activities of the charity, the trustees have due regard for the public benefit guidance published by the Charity Commission.
FINANCIAL REVIEW
Principal funding sources
The principal source of funds is through the nursery education grant. The expenditure supports the salaries of high quality staff who provide the best pre-school education to meet the needs of young children.
Reserves policy The reserves at 31st August 2023 were £24,656. The trustees aim to maintain reserves to fund redundancy payments in the unlikely event that the pre-school has to close and these were estimated to be £16,000 at 3 lst August 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document Fetcham Village Pre-School is a company limited by guarantee with no share capital, and a registered charity governed by its Memorandum and Articles of Association. It was incorporated on 10 November 2006 in England and Wales and became a registered charity on 14th February 2007.
Recruitment and appointment of new trustees
Three trustees are appointed by Fetcham Village Infant School's governing body. Two trustees are elected by members of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 05995265 (England and Wales)
Registered Charity number 1117961
Registered office
School Lane Fetcham Surrey KT22 9JU
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FETCHAM VILLAGE PRE-SCHOOL
Report of the Trustees for the Year Ended 31 August 2023
i
Trustees JPRLaw Ms L Rankine (resigned 20.9.23) Mrs J Herbert
KE Wingrave (resigned 13.9.22) Mrs L McHale Miss A De Jesus (appointed 13.9.22) (resigned 20.9.23) S Sharp (appointed 20.9.23)
Mrs A Sinclair (appointed 20.9.23)
Independent Examiner
Russell & Co Station House Station Approach East Horsley Leatherhead Surrey KT24 6QX
Approved by order of the board of trustees on LINES
and signed on its behalf by:
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ty a
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S Sharp - Trustee
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Independent Examiner's Report to the Trustees of Fetcham Village Pre-School
Independent examiner's report to the trustees of Fetcham Village Pre-School (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31] August 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 [ 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:
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I. 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 3: 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.
Andrew Russell
Russel] & Co Station House Station Approach
East Horsley Leatherhead Surrey KT24 6QX
Date: AGN 2S
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FETCHAM VILLAGE PRE-SCHOOL
Statement of Financial Activities
for the Year Ended 31 August 2023
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||||||
|---|---|---|---|---|
|————————|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Charitable|activities|
|Pre-school|182,929|119,660|
|Investment|income|2|362|f|
|Total|183,291|119,667|
|EXPENDITURE|ON|
|Charitable|activities|
|Pre-school|164,590|140,307|
|NET INCOME/(EXPENDITURE)|18,701|(20,640)|
|RECONCILIATION|OF|FUNDS|
|Total|funds brought forward|5,955|26,595|
|TOTAL FUNDS CARRIED FORWARD|24,656|5,955|
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The notes form part of these financial statements
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FETCHAM VILLAGE PRE-SCHOOL
Balance Sheet
31 August 2023
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||||||||
|---|---|---|---|---|---|---|
|eee|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|CURRENT|ASSETS|
|Cash|at bank|25,734|6,714|
|CREDITORS|
|Amounts|falling|due within|one year|7|(1,078)|(759)|
|NET CURRENT ASSETS|24,656|5,955|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|24,656|5,955|
|NET ASSETS|24,656|5,955|
|FUNDS|8|
|Unrestricted|funds|24,656|5,955|
|TOTAL FUNDS|24,656|5,955|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
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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
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(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 veovaued Fea dds, Beis[Pevvsssse][and][ were][signed][on][its][ behalf][ by:] S Sharp - Trustee }
The notes form part of these financial statements
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FETCHAM VILLAGE PRE-SCHOOL
Notes to the Financial Statements for the Year Ended 31 August 2023
Deeeeeee Ea
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 | 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.
Equipment - 20% on cost Computer equipment - 33% on cost
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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FETCHAM VILLAGE PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
2. INVESTMENT INCOME
Deposit account interest
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2023 2022
£ £
362 7
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
- STAFF COSTS
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|---|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|Wages|and|salaries|119,356|108,368|
|Social|security|costs|-|1|
|Other pension|costs|2,284|1,884|
|121,640|110,253|
|The|average|monthly number of employees|during|the|year was|as|follows:|
|2023|2022|
|Part-time|nursery|staff|14|13|
|No|employees|received emoluments|in|excess|of|£60,000.|
|5.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Charitable|activities|
|Pre-school|119,660|
|Investment income|7|
|Total|119,667|
|EXPENDITURE|ON|
|Charitable|activities|
|Pre-school|140,307|
|NET INCOME/(EXPENDITURE)|(20,640)|
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FETCHAM VILLAGE PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| §: | COMPARATIVESFORTHESTATEMENT OFFINANCIALACTIVITIES- | COMPARATIVESFORTHESTATEMENT OFFINANCIALACTIVITIES- | COMPARATIVESFORTHESTATEMENT OFFINANCIALACTIVITIES- | -continued | Unrestricted |
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| RECONCILIATIONOF FUNDS | |||||
| Total funds brought forward | 26,595 | ||||
| TOTALFUNDS CARRIEDFORWARD | 5,955 | ||||
| 6. | TANGIBLE FIXED ASSETS | ||||
| Computer | |||||
| Equipment | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 September2022 and 31 August2023 | 10,544 | 4,930 | 15,474 | ||
| DEPRECIATION | |||||
| At 1 September2022 and31 August 2023 | 10,544 | 4,930 | 15,474 | ||
| NET BOOKVALUE | |||||
| At 31 August 2023 | - | - | - | ||
| At 31 August 2022 | - | - | - | ||
| Ts | CREDITORS: AMOUNTS FALLING DUEWITHIN | ONE YEAR | |||
| 2023 | 2022 | ||||
| £ | EB | ||||
| Trade creditors | 790 | 1,411 | |||
| Social security and other taxes Other creditors |
(301) 39 |
(1,169) 7} |
|||
| Accrued expenses | 550 | 510 | |||
| 1,078 | 759 | ||||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.9.22 | in funds | 31.8.23 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 5,955 | 18,701 | 24,656 | ||
| TOTALFUNDS | 5,955 | 18,701 | 24,656 |
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FETCHAM VILLAGE PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
a
8. MOVEMENT EN FUNDS- continued
Net movement in funds, included in the above are as follows:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|183,291|(164,590)|18,701|
|TOTAL|FUNDS|183,291|(164,590)|18,701|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8:22|
|£|£|if|
|Unrestricted|funds|
|General|fund|26,595|(20,640)|5,955|
|TOTAL FUNDS|26,595|(20,640)|5,955|
|Comparative|net movement|in|funds,|included|in the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|3|
|Unrestricted|funds|
|General|fund|119,667|(140,307)|(20,640)|
|TOTAL FUNDS|119,667|(140,307)|(20,640)|
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A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.9.21|in|funds|31.8.23|
|£|£|£|
|Unrestricted|funds|
|General|fund|26,595|(1,939)|24,656|
|TOTAL FUNDS|26,595|(1,939)|24,656|
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FETCHAM VILLAGE PRE-SCHOOL
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
ee
8. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|302,958|(304,897)|(1,939)|
|TOTAL FUNDS|302,958|(304,897)|(1,939)|
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9: RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
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FETCHAM VILLAGE PRE-SCHOOL
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
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|---|---|---|---|---|
|ceppnT|at|
|2023|2022|
|£|£|
|INCOME|AND ENDOWMENTS|
|Investment|income|
|Deposit|account|interest|362|7|
|Charitable|activities|
|Fees (from|parents)|19,602|17,820|
|Other income|225737|9,558|
|Grants|140,590|92,282|
|182,929|119,660|
|Total|incoming|resources|183,291|119,667|
|EXPENDITURE|
|Charitable|activities|
|Wages|119,356|108,368|
|Social|security|-|i|
|Pensions|2,284|1,884|
|Rent &|rates|10,886|10,033|
|Supplies & equipment|6,799|5,527|
|Utilities &|cleaning|8,339|6,649|
|Building Maintenance|8,268|585|
|Administration|costs|3,655|3,766|
|Training|929|436|
|CRB|checks|162|100|
|Insurance|736|191|
|Outings|1,079|$34|
|Photocopying|665|681|
|Staff recruitment|-|50|
|163,158|139,105|
|Support|costs|
|Finance|
|Bank charges|60|40|
|Governance|costs|
|Accountancy|fees|550|510|
|Administrative|costs|774|604|
|Other|costs|48|48|
|1,372|1,162|
|Total|resources|expended|164,590|140,307|
|Net income/(expenditure)|18,701|(20,640)|
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This page does not form part of the statutory financial statements
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