REGISTERED COMPANY NUMBER: 06271276 (England and Wales) REGISTERED CHARITY NUMBER: 1120276
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2021
for
Holmer Pre-school Ltd
Thorne & Co. Accountants 1 St Mary's Street Ross-on-Wye Herefordshire HR9 5HT
Holmer Pre-school Ltd
Contents of the Financial Statements for the Year Ended 31 July 2021
| 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 9 |
| Detailed Statement of Financial Activities | 10 |
Holmer Pre-school Ltd
Report of the Trustees for the Year Ended 31 July 2021
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 July 2021. 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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 and by:-
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Offering appropriate play facilities and training courses together with the rights of parents to take responsibility for and to become involved in the activities of such groups offering 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 in the local areas
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Instigating and adhering to and furthering the aim of the Pre-School Learning Alliance
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06271276 (England and Wales)
Registered Charity number
1120276
Registered office
Holmer C of E Academy Holmer Road Hereford Herefordshire HR4 9RX
Trustees
M Stenhouse Retired Police Officer Mrs D Mcewan Pay & Benefits Officer Mrs C Stenhouse Pre-School Leader
Company Secretary
Mrs C Stenhouse
Independent Examiner
Edward Richards FCCA Thorne & Co. Accountants 1 St Mary's Street Ross-on-Wye Herefordshire HR9 5HT
Page 1
Holmer Pre-school Ltd
Report of the Trustees
for the Year Ended 31 July 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Holmer Pre-school Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 15 June 2022 and signed on its behalf by:
M Stenhouse - Trustee
Page 2
Independent Examiner's Report to the Trustees of Holmer Pre-school Ltd
Independent examiner's report to the trustees of Holmer Pre-school Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
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 I 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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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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.
Edward Richards FCCA Thorne & Co. Accountants 1 St Mary's Street Ross-on-Wye Herefordshire HR9 5HT
15 June 2022
Page 3
Holmer Pre-school Ltd
Statement of Financial Activities for the Year Ended 31 July 2021
| 31.7.21 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Pre-School 154,389 Other income 2 Total 154,391 EXPENDITURE ON Raising funds 852 Charitable activities Pre-School 141,432 Total 142,284 NET INCOME/(EXPENDITURE) 12,107 RECONCILIATION OF FUNDS Total funds brought forward (2,546) TOTAL FUNDS CARRIED FORWARD 9,561 |
31.7.20 Total funds £ 118,211 15 118,226 972 139,124 140,096 (21,870) 19,324 (2,546) |
|---|---|
The notes form part of these financial statements
Page 4
Holmer Pre-school Ltd
Balance Sheet
31 July 2021
| 31.7.21 Unrestricted funds Notes £ CURRENT ASSETS Debtors 5 - Cash at bank 30,193 30,193 CREDITORS Amounts falling due within one year 6 (20,632) NET CURRENT ASSETS/(LIABILITIES) 9,561 TOTAL ASSETS LESS CURRENT LIABILITIES 9,561 NET ASSETS/(LIABILITIES) 9,561 FUNDS 7 Unrestricted funds 9,561 TOTAL FUNDS 9,561 |
31.7.20 Total funds £ 6,727 9,092 15,819 (18,365) (2,546) (2,546) (2,546) (2,546) (2,546) |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(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 15 June 2022 and were signed on its behalf by:
M Stenhouse - Trustee
The notes form part of these financial statements
Page 5
Holmer Pre-school Ltd
Notes to the Financial Statements for the Year Ended 31 July 2021
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 1 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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
Page 6
continued...
Holmer Pre-school Ltd
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.7.21 | 31.7.20 | |
|---|---|---|
| £ | £ | |
| Hire of plant and machinery | 4,827 | 4,884 |
| Other operating leases | 4,800 | 3,300 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Mrs. C. Stenhouse is paid a salary as the Pre-School leader. The payment of salary is permitted by the Governing Document of the charity.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
6.
| Pre-School staff No employees received emoluments in excess of £60,000. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses |
31.7.21 6 31.7.21 £ - 31.7.21 £ 365 19,397 870 20,632 |
31.7.20 7 31.7.20 £ 6,727 31.7.20 £ - 17,495 870 |
|---|---|---|
| 18,365 |
Page 7
continued...
Holmer Pre-school Ltd
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
7. MOVEMENT IN FUNDS
| At 1.8.20 £ Unrestricted funds General fund (2,546) TOTAL FUNDS (2,546) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 154,391 TOTAL FUNDS 154,391 Comparatives for movement in funds At 1.8.19 £ Unrestricted funds General fund 19,324 TOTAL FUNDS 19,324 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 118,226 TOTAL FUNDS 118,226 |
Net movement At in funds 31.7.21 £ £ 12,107 9,561 12,107 9,561 Resources Movement expended in funds £ £ (142,284) 12,107 (142,284) 12,107 Net movement At in funds 31.7.20 £ £ (21,870) (2,546) (21,870) (2,546) Resources Movement expended in funds £ £ (140,096) (21,870) (140,096) (21,870) |
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Page 8
continued...
Holmer Pre-school Ltd
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.8.19 in funds £ £ 19,324 (9,763) 19,324 (9,763) |
At 31.7.21 £ 9,561 |
|---|---|---|
| 9,561 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 272,617 272,617 |
Resources Movement expended in funds £ £ (282,380) (9,763) (282,380) (9,763) |
|---|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
Page 9
Holmer Pre-school Ltd
| Detailed Statement of Financial Activities for the Year Ended 31 July 2021 INCOME AND ENDOWMENTS Charitable activities Pre-School fees Early years funding Grants Other income Bank interest received Total incoming resources EXPENDITURE Other trading activities Purchases Charitable activities Wages Pensions Hire of plant and machinery Other operating leases Insurance Telephone Postage and stationery Sundries Repairs and maintenance Computer consumables and software Bank charges Regulatory costs Training Materials and books Equipment Cleaning and laundry Refreshments Travel expenses Support costs Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
31.7.21 £ 36,668 101,276 16,445 154,389 2 154,391 852 107,661 1,745 4,827 4,800 1,218 776 403 1,199 2,465 776 188 991 567 1,007 8,108 1,175 952 151 139,009 2,423 142,284 12,107 |
31.7.20 £ 27,220 80,644 10,347 118,211 15 118,226 972 115,186 2,140 4,884 3,300 1,035 1,103 303 182 1,651 - 181 - 1,914 318 4,853 420 604 150 138,224 900 140,096 (21,870) |
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This page does not form part of the statutory financial statements
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