Registered Number: 06025001 Charity Number: 1118021 **KINGS HILL PRE-SCHOOL (A company limited by guarantee)** ## **UNAUDITED** **DIRECTORS' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2021** **KINGS HILL PRE-SCHOOL (A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |Reference and administrative details of the charity, its trustees and advisers|3| |Directors' report|4 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance Sheet|8| |Notes to the financial statements|9 - 14| **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021** ## **Directors** Sarah Wilson Sherri Revell Sarah Simpson - resigned at 2nd February 2021 Elizabeth Benge - appointed at 2nd February 2021 Jennifer Haliti - appointed at 2nd February 2021 Donia Assour - appointed at 2nd February 2021. Resigned at 13th August 2021. ## **Company registered number** 6025001 ## **Charity registered number** 1118021 ## **Registered office** 70 Gibson Drive Kings Hill West Malling Kent ME19 4LG ## **Company Secretary** Elizabeth Benge - resigned at 2nd February 2021 Sarah Simpson - appointed at 2nd February 2021 3 **KINGS HILL PRE-SCHOOL** ## **(A company limited by guarantee)** ## **DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2021** The Directors (who are also trustees of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Kings Hill Pre-School (the company) for the year ended 31 August 2021. The Directors confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice FRS102 (effective January 2015), including the second edition of the FRS102 SORP that is effective for reporting periods beginning on or after 1 January 2019. ## **Structure, governance and management** ## **CONSTITUTION** Kings Hill Pre-School was incorporated as a company limited by guarantee on 11 December 2006 (company number 6025001) and is governed by its memorandum and articles of association. The company is also registered as a charitable company limited by guarantee. The company is controlled by the Directors who also act as Trustees. The company is constituted under a Trust deed and its registered charity number 1118021. ## **ORGANISATIONAL STRUCTURE AND DECISION MAKING** The charity laws are upheld by the company secretary with the treasurer ensuring the business remains financially viable. The Chair liaises with both parties on a regular basis. Day to day operations are overseen by the directors with major decisions decided by vote at committee meetings which take place every 4-6 weeks. The committee consists of directors and the manager of the Pre-School. Directors are appointed by vote amongst members of the committee. No official training has been undertaken by the members. Advice has been sought from appropriate sources as and when matters beyond the capabilities of the committee have arisen. ## **POLICIES AND OBJECTIVES** In setting objectives and planning for activities, the directors have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance on its facilities to those on low income. The principal object of the company is to enhance the development and education of children primarily under statutory school age. There have been no changes in the objectives since the last annual report. ## **Achievements and performance** ## **REVIEW OF ACTIVITIES** The pre-school is still as popular as ever and has again been at full capacity for the year. The waiting list continues to grow and new registrations for 2022 , 2023 & 2024 are being received. We are continuing our talks with the Parish Council and Liberty Property Trust to expand the outside space we currently have alongside the expansion work of the community centre. We continue to accept the 30 hours government funding for eligible children. 4 **KINGS HILL PRE-SCHOOL** ## **(A company limited by guarantee)** ## **DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021** ## **RESERVES POLICY** Since opening we have managed to build a reserve fund in order to allow the pre-school to operate in leaner times. It is our aim to maintain a reserve fund to cover: - at least three terms running costs (£45,000) - staff redundancy (£2,000 for each year following 2 years opening) - wear and tear of fixtures and fittings (£4,000 per year of opening) - replacement of toys and equipment (£3,000 per year) In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Directors on 24th November 2021 and signed on their behalf, by: ## **S Wilson** 5 **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021** ## **INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF KINGS HILL PRE-SCHOOL** I report to the trustees on the financial statements of the company for the year ended 31 August 2021 which are set out on pages 5 to 12. Having satisfied myself that the financial statements of the charity are not to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 matter has come to my attention in connection with the examination giving me cause to believe that in any material respect: (1) accounting records were not kept in respect of the charity as required by section 130 of the Charities Act, or (2) the financial statements do nor accord with those records, or (3) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 (4) the financial statements 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 (FRS102). 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 financial statements to be reached. **Signed: Dated: 24/11/2021** _Louis Whaley AFA; on behalf of LRK Accounting & Tax_ ## **Relevant professional qualification(s) or body:** AFA, Institute of Financial Accountants (IFA) 6 **KINGS HILL PRE-SCHOOL** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2021** |**Note**
**INCOMING RESOURCES**
Incoming resources from generated funds:
Voluntary income
2
Activities for generating funds
3
Investment income
4
Incoming resources from charitable activities
5
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of generating funds:
Costs of generating voluntary income
Charitable activities
6
Governance costs
7
**TOTAL RESOURCES EXPENDED**
**MOVEMENT IN TOTAL FUNDS FOR THE**
**YEAR - NET INCOME/(EXPENDITURE)**
**FOR THE YEAR**
_Total funds as at 1 September 2020_
**TOTAL FUNDS AT 31 AUGUST 2021**|**Restricted**
**Unrestricted**
**Total**
_Total_
**Funds**
**Funds**
**Funds**
_Funds_
**2021**
**2021**
**2021**
_2020_
**£**
**£**
**£**
_£_
**-**
**620**
**620**
_87_
**-**
**1,540**
**1,540**
_-_
**-**
**34**
**34**
_49_
**-**
**169,909**
**169,909**
_156,428_
**-**
**172,103**
**172,103**
_156,564_
**-**
**-**
**-**
_88_
**-**
**162,138**
**162,138**
_157,895_
**-**
**8,895**
**8,895**
_3,820_
**-**
**171,033**
**171,033**
_161,803_
**-**
**1,071**
**1,071**_( 5,240)_
_-_
_81,328_
_81,328_
_86,568_
**-**
**82,399**
**82,399**
_81,328_| |---|---| The notes on pages 9 to 14 form part of these financial statements. 7 **KINGS HILL PRE-SCHOOL (A company limited by guarantee)** ## **BALANCE SHEET** ## **AS AT 31 AUGUST 2021** |**Note**
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stock
12
Cash at bank and in hand
**CREDITORS:**amounts falling due within
one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CHARITY FUNDS**
Restricted funds
Unrestricted funds|**2021**
**£**
**£**
_£_
**1,154**
**-**
_-_
**103,351**
_76,937_
**103,478**
_85,051_
**22,233)**
**(**
_( 5,961)_
**81,245**
**82,399**
**-**
**82,399**
**82,399**|_2020_
_£_
_2,238_


_79,090_
_81,328_
_-_
_81,328_
_81,328_| |---|---|---| The Directors consider that the company is entitled to exemption from the requirements to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2021 and of its net resources expended for the year then ended in accordance with the requirements of section 477 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved by the Directors on 24th November 2021 and signed on their behalf, by: ## **S Wilson** The notes on pages 9 to 14 form part of these financial statements. 8 **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **1. ACCOUNTING POLICIES** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements have been prepared in accordance with the Statement of Recommended Practice SORP102 (effective 1 January 2015), applicable accounting standards and the Companies Act 2006. ## **1.2 Company Status** The company is a company limited by guarantee. The members of the company are the Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. ## **1.3 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. ## **1.4 Incoming resources** All incoming resources are included in the Statement of Financial Activities which the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **1.5 Resources expended** All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. 9 **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **1. ACCOUNTING POLICIES (continued)** ## **1.6 Tangible fixed assets and depreciation** All assets costing more than £100 are capitalised. Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings - 25% straight line ## **2. VOLUNTARY INCOME** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Funds|Funds|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Donations|-|620|620|87| |Grants|-|-|-|-| |-|620|620|87| **----- End of picture text -----**
## **3. FUNDRAISING INCOME** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Funds|Funds|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |-|-| |Fundraising activities|1,540|1,540| |Commissions|-|-|-|-| |-|-| |1,540|1,540| **----- End of picture text -----**
## **4. INVESTMENT INCOME** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Funds|Funds|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Interest received|-|34|34|49| **----- End of picture text -----**
10 **KINGS HILL PRE-SCHOOL** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **5. INCOMING RESOURCES FROM CHARITABLE ACTIVITES** ||**Restricted**|**Unrestricted**|**Total**|_Total_| |---|---|---|---|---| ||**Funds**|**Funds**|**Funds**|_Funds_| ||**2021**|**2021**|**2021**|_2020_| ||**£**|**£**|**£**|_£_| |Fees Government Funded|**-**|**112,760**|**112,760**|_94,666_| |Parent Funding|**-**|**48,706**|**48,706**|_61,762_| |Miscellaneous Funding|**-**|**8,443**|**8,443**|_-_| |Subtotal|**-**|**169,909**|**169,909**|_156,428_| ||**-**|**169,909**|**169,909**|_156,428_| |**DIRECT COSTS**
Play materials and equipment
Food & consumables
Staff training, welfare, travel & subs
Rent, rates and utilities
Repairs, maintenance and cleaning
General admin costs
Depreciation & profit on sale of assets (restricted)
Depreciation & profit on sale of assets (unrestricted)
Salary, National Ins and Pension|||**Total**
**2021**
**£**
**3,433**
**3,135**
**1,112**
**13,153**
**4,023**
**5,782**
**-**
**1,084**
**130,416**|_Total_
_2020_
_£_
_1,130_
_3,330_
_8,242_
_13,394_
_3,013_
_3,849_
_-_
_1,326_
_123,611_| ||||**162,138**|_157,895_| |||||| ## **6. DIRECT COSTS** 11 **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **7. GOVERNANCE COSTS** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Funds|Funds|Funds|Funds| |2021|2021|2021|2020| |£|£|£|£| |Auditors' remuneration|-|-|-|-| |Professional fees|-|6,923|6,923|2,067| |Insurance|-|1,675|1,675|1,439| |Bank charges|-|148|148|124| |-|8,895|8,895|3,820| **----- End of picture text -----**
## **8. NET EXPENDITURE** This is stated after charging: **----- Start of picture text -----**
|||| |---|---|---| |2021|2020| |£|£| |Depreciation of tangible fixed assets & profit on sale:| |- owned by the charity|1,084|1,326| **----- End of picture text -----**
No remuneration is paid to the Directors for the services as trustees of the Company and no Directors have been reimbursed for expenses in the year. ## **9. STAFF COSTS** Staff costs were as follows: **----- Start of picture text -----**
|||| |---|---|---| |2021|2020| |£|£| |Salaries, National Ins & Pension costs|130,416|123,611| |130,416|123,611| |The average monthly number of employees during the year was as follows:| |No.|No.| |11|13| **----- End of picture text -----**
No employee received remuneration amounting to more than £60,000 in either year. 12 **KINGS HILL PRE-SCHOOL** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **10. TANGIBLE FIXED ASSETS** |**Cost**
At 1 September 2020
Additions
Disposals
At 31 August 2021
**Depreciation**
At 1 September 2020
Charge for the year
On disposals
At 31 August 2021
**Net book value**
At 31 August 2020
At 31 August 2021
**11.**
**STOCK**
Stock held
**12.**
**DEBTORS**
Trade debtors
Other debtors
Prepayments
**13.**
**CREDITORS**
**Amounts falling due within one year**
Accruals and deferred income
Trade Creditors
Credit Card|**Fixtures &**
**fittings**
**£**
**70,242**
**-**
**-**
**70,242**
**68,004**
**1,084**
**-**
**69,088**
_2,238_
**1,154**
**2021**
_2020_
**£**
_£_
**-**
_-_
**-**
_-_
**2021**
_2020_
**£**
_£_
**36)**
**(**
_7,299_
**-**
_-_
**163**
_815_
**127**
_8,114_
**2021**
_2020_
**£**
_£_
**15,592**
_5,961_
**4,850**
_-_
**1,792**
**22,233**
_5,961_| |---|---| 13 **KINGS HILL PRE-SCHOOL** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **14. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible fixed assets
Current assets
Creditors due within one year|**Restricted**
**Unrestricted**
**Total**
_Total_
**Funds**
**Funds**
**Funds**
_Funds_
**2021**
**2021**
**2021**
_2020_
**£**
**£**
**£**
_£_
**-**
**1,154**
**1,154**
_2,238_
**-**
**103,478**
**103,478**
_85,051_
**-**
**22,233)**
**(**
**22,233)**
**(**
_5,961)_
_(_
**-**
**82,399**
**82,399**
_81,328_| |---|---| 14