2023-08-31-accounts - Stock Pre-School

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered Company Number: 06508243 (England and Wales) Registered Charity Number 1125535

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023 For Stock Pre-School

Contents Page 1 Report of the Trustees Page 2 -3 Independent Examiner’s Report Page 4-5 Statement of Financial Activities Page 6 Statement of Financial Position Pages 7-8 Notes to the Financial Statements Pages 9- 11

Stock Pre-School

Report of the Trustees for the Year Ended 31 August 2023

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 the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 (Section 1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland for Small Entities.

Incorporation

The charitable company was incorporated on 28 February 2009 and commenced trading on 1 March 2009.

Reference and Administration Details

RegisteredCompanyNumber:	06508243 (England and Wales)
Registered CharityNumber:	1125535
Registered Office:	Dakyn Drive
	Stock
	Essex
	CM4 9TB
Trustees serving in theperiod	HAdams
	L A Adams
	C Barnes (resigned 16November2022)
	G E Fullam (appointed 16November2022)
	J Game
	J Sanders (appointed 24November2021)
	EL Wall
	L White
Company Secretary:	LAAdams
Independent Examiner:	Shaun BrowneFCCA
	31 Mill Lane
	Stock
	Essex
	CM49RY

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.

Risk Management: The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

On behalfof the Board:

----- Start of picture text -----
Pelé
----- End of picture text -----

Date 14th November 2023

Independent Examiner’s Report to the Trustees of Stock Pre-School

I report on the accounts for the year ended 31 August 2023 set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period (under section 43 (2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

e Examine the accounts under Section 43 of the 1993 Act ¢ To follow procedures laid down in the General Directions given by the Charity Commission (under Section 43 (7)(b) of the 1993 Act; and
¢ To state whether particular matters have come to my attention

Basis of the 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and therefore no opinion is given as to whether the accounts represent a’true and fair view’. The report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

¢ To keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
To prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Section 1A of the Financial Reporting Standard 102

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.

----- Start of picture text -----
Independent Examiner....‘Te a
pate IM 2 ce
----- End of picture text -----

Shaun Browne FCCA 31 Mill Lane Stock Essex CM4 9RY

Stock Pre-School

Statement of Financial Activities for the year ended 31 August 2023 Unrestricted Funds

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Year|Ended|Period|Ended| |31|Aug.|2023|31|Aug.|2022| |z|£| |Incoming|Resources|Notes| |Incoming resources|from|generated|funds| |Government|FEEE|income|75,335|76,251| |Fees from parents and|voluntary|contributions|iy|ie|is)?|60,947| |Fundraising|income|2|2,024|1,535| |Investment|income|3| |pecs| |154,711|138,733| |Other|operating|income|3|-|-| |Total|incoming|resources|154,711|138,733| |Resources|Expended| |Costs of generating|funds| |Costs|of generating|fundraising|income|4|-|3| |Governance|costs|155.856|133,624| |Total|resources|expended|155,856|133,624| |Net (outgoing)/incoming resources|(1,145)|5,109| |Total funds brought forward|129,171|124,062| |Total|funds|carried forward|128,026|129.171|

----- End of picture text -----

Stock Pre-School The notes form part of these financial statements Balance Sheet as at 31 August 2023 Unrestricted Funds

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Year|Ended|Period|Ended| |31|Aug.|2023|31|Aug.|2022| |£|£| |Fixed|Assets|Notes| |Tangible|assets|7|13,630|19,189| |Current|Assets| |Debtors|and prepayments|8|1,440|1,459| |Cash|at bank and|in hand|128,268|124,832| |Current|Liabilities|129,708|126,291| |Creditors|9|(15,312)|(16,309)| |Net Current Assets|114.396|109,982| |Total|Assets|less Current|Liabilities|128.026|129,171| |Net Assets|128.026|129,171| |Funds| |Unrestricted|funds|128.026|129,17]| |Total Funds|128,026|129,171|

----- End of picture text -----

The financial statements were approved by the Trustees on 14th November 2023

Signed on behalf of the Trustees

CHAIR 14th November 2023

The notes form part of[these][financial][statements]

Stock Pre-School

Statement of Financial Position as at 31 August 2023 — continued

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

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
(b) preparing financial statements which give a true and fair view of the state 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 special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 Section 1A for Small Entities (effective January 2016).

The financial statements were approved by the Board of Trustees on 14th November 2023 and were signed on its behalf by:

----- Start of picture text -----
ia
----- End of picture text -----

;

The notes form part of these financial statements

Stock Pre-School

Notes to the Financial Statements for the year ended 31 August 2023

1. Accounting Policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of the Financial Reporting Standard 102 for Small Entities (effective January 2016), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

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:

Buildings

15 years straight line

Fixtures & Fittings 5 years straight line

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 activity on a straight line basis over the period of the lease.

Activities for Generating Funds

Year Ended Period Ended 31 Aug. 2023 31 Aug. 2022 £ £ Fundraising events 2,018 1,311 Miscellaneous income 6 224 2,024 1,535

Notes to the Financial Statements for the year ended 31 August 2023 - continued

3.	OtherOperating Income
		Year Ended		Period Ended
		31 Aug.	2023	31 Aug. 2022
		£		£
Government furlough grants			-	=
Gift aid			z	==
4.	Costs of generating voluntary income
		=		£
Supportcosts			-	_-

5. Trustees remuneration and benefits

There were no trustees’ remuneration or other benefits for the year ended 31 August 2023

6. Staff Costs

			£		£
Salaries and wages			111,416		103,089
7. Tangible Fixed Assets
		Property		Fixtures	Total
				& Fittings
Cost as at	September2022		95,241		9,293
Additions		nil		1,075	1,075
Disposals		nil		nil	nil
Cost as at 31 August 2023		95,241		10,368	105,609
Depreciation as at	1 September 2022	76,192		9,153	85,345
Charge for the year		6,349		285	6,634
Disposals		nil		nil	nil
Depreciation as at 31 August 2023		82,541		9.438	91,979
Net book value as	at31 August 2022	19.049		140	19,189
Netbookvalueas	at31August2023	12,700		930	13,630

Notes to the Financial Statements for the year ended 31 August 2023 - continued

8. Debtors falling due within one year

		£		£
	Year Ended			Period Ended
	31	Aug.	2023	31 Aug. 2022
Debtors		=		=
Provision for doubtful debts		-		-
Prepayments		1,440		1,459
		1,440		1,459
9. Creditors fallingdue within one year
		£		£
Trade creditors			-	797
Accruals		3,032		774
Payments made in advance		12,280		14,738
		15,312		16,309
10. Movement in Funds
	B/F		Net movement	C/F
	01/09/22		in funds	31/08/23
Unrestricted Funds
General Fund	129,171		(1,145)	128.026
Total Funds	129,171		(1,145)	128,026
Net movement in funds, included in the above are as follows:
	Incoming		Resources	Movement
	resources		expended	in funds
Unrestricted funds
General fund	£154,711		(£155,857)	(£1,145)
TotalFunds	£154,711		(£155,857)	(£1,145)