Bright Sparks Pre School
Charity number 1126437
Annual Report and Financial Statements
for the year ended 31 March 2021
Bright Sparks Pre School
Annual Report and Financial Statements for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 9 |
Prepared by West Yorkshire Community Accounting Service
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Bright Sparks Pre School
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Julie Hobson Chair Lucie Bratley Treasurer Resigned August 2020 Emma Rogers Secretary Tracey Allen Sarah Marquis-Linley
Charity number
The charity was registered with the Charity Commission for England and Wales, number 1126437, on 24 October 2008.
Principal address
Great and Little Preston Junior School Preston Lane Great Preston Leeds LS26 8AR
Bankers
Barclays Bank PLC 93-95 Main Street Garforth Leeds LS25 1AF
Independent examiner
Stephen Procter
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is governed by a constitution adopted on 21 July 2008.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Bright Sparks Pre School
Trustees' report (continued) for the year ended 31 March 2021
Objectives and activities
The charity's objects
The charity's objects are 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, offering appropriate play, education and care facilities, family learning and extended hour groups, together with the right of parents to take responsibility for and to become involved with the activities, ensuring that we offer opportunities for all children whatever their race, culture, religion, means or ability.
The charity's main activities
Bright Sparks is a non-profit making Pre-School for children from age 2 to school age. Opening Monday to Friday, with a morning, afternoon and full day sessions. During the full day session our staff provide lunch cover for the children. There is a maximum of 30 children in each session.
We offer a wide range of activities and opportunities for children to learn through play in a large indoor and outdoor environment which we let from Great Preston School. We feel our setting is a welcoming and friendly place for children to attend at very affordable prices for families.
In addition we offer wrap-around care with breakfast and after school clubs for children aged 2 to 11 years providing working parents with provision from 7.30am to 6.00pm.
Our setting is a friendly place for children to attend and a valuable community service.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education.
Achievements and performance
During this year due to Covid lockdown the main activity was keeping the Pre-School open and operating as normally as was possible under the circumstances. Our priority was keeping children and staff safe during this time. Many of our usual events and activities were unable to take place.
In the course of the year the various building and grounds improvements that had been planned for the previous year were completed.
Financial review
The net payments for the year were £53,089, all relating to unrestricted funds.
Reserves policy
The charity's free reserves at the year end were £124,973.
The trustees have adopted a formal reserves policy to ensure the charity properly manages its resources and currently monitor the amount of reserves held to ensure that they are adequate to fulfil the charity’s continuing obligations for 6 months as well as possible staff redundancy costs. Based on the 2020/21 expenditure (and omitting one-off expenditure for building work), this comes to around £87,500, not including potential redundancy costs,
It is recognised that free reserves held at year end were still in excess of the policy. However with the reduction in fees received during Covid lockdowns some reserves may be used to cover any shortfall as staff have still been paid during this period.
Signed on behalf of the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
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Bright Sparks Pre School
Independent examiner's report to the trustees of Bright Sparks Pre School
I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 5 to 9.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts as carried out under section 145 of 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 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have 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 Act; or 2 the accounts do not accord with those records.
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.
Signed: …………………………………… Name: Stephen Procter
Date: …………………….
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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Bright Sparks Pre School
Receipts and payments account for the year ended 31 March 2021
| Notes 2021 Unrestricted funds £ Receipts Grants (2) 134,803 Nursery fees 43,910 Bond 1,640 School meals income 1,022 Children's uniform income 528 Party and trip contributions - Bank interest 54 Fundraising (Inc. photos and book club) 706 Other income 103 Total receipts 182,766 Payments Salaries, NIC's and pensions (3) 133,575 DBS checks 288 School meals 1,192 Bond refunds 820 Memberships and subscriptions 679 Photocopying, stationery and postage 2,605 Staff expenses 2,028 Events and activities 75 Fundraising costs (inc. photos and book club) 179 Cleaning 1,194 Food 1,286 Children's uniform costs 178 Fixtures and fittings and extension work 61,529 Repairs and maintenance - Equipment 1,630 Books 107 Toys 612 Materials and resources 914 Telephone 769 Insurance 1,313 Rent 17,620 Advertising and publicity 67 Independent examination 660 Training 605 Staff uniform 1,664 Legal and professional 3,910 Other expenses 356 Total payments 235,855 (53,089) Fund balances brought forward 178,062 Fund balances carried forward (4) 124,973 Net receipts / (payments) |
2021 Restricted funds £ 861 - - - - - - - - 861 861 - - - - - - - - - - - - - - - - - - - - - - - - - - 861 - - |
2021 Total funds £ 135,664 43,910 1,640 1,022 528 - 54 706 103 183,627 134,436 288 1,192 820 679 2,605 2,028 75 179 1,194 1,286 178 61,529 - 1,630 107 612 914 769 1,313 17,620 67 660 605 1,664 3,910 356 236,716 (53,089) 178,062 124,973 |
2020 Total funds £ 128,162 77,008 1,430 2,804 17 98 122 1,182 134 210,957 132,532 159 3,265 530 729 3,873 409 574 226 887 2,720 255 21,012 4,048 448 339 482 878 1,088 2,204 14,284 65 612 1,000 172 3,815 270 196,876 14,081 163,981 178,062 |
|---|---|---|---|
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Bright Sparks Pre School
Statement of assets and liabilities
| as at 31 March 2021 2021 Unrestricted £ Cash funds Barclays current account 74,731 Barclays savings account 50,230 Cash in hand 12 Total cash funds 124,973 |
2021 Restricted £ - - - - |
2021 Total £ 74,731 50,230 12 124,973 |
2020 Total £ 127,866 50,184 12 178,062 |
|---|---|---|---|
Assets retained for the charity's own use
A number of items of equipment and other resources are retained by the Pre-School for use. A full list of these is kept by the charity.
| Liabilities Independent examination |
£ 684 684 |
|---|---|
Approval of the accounts
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
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Bright Sparks Pre School
Notes to the accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Bright Sparks Pre School
Notes to the accounts continued
for the year ended 31 March 2021
| 2 Grants Leeds City Council - Nursery Education Grant Leeds City Council - SEN grant Leeds City Council - 2 year grant Leeds City Council - COVID HMRC JRS grant Tesco 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2021 Unrestricted funds £ 114,997 2,653 6,653 10,000 - 500 134,803 |
2021 Restricted funds £ - - - - 861 - 861 |
2021 Total funds £ 114,997 2,653 6,653 10,000 861 500 135,664 2021 £ 127,184 6,612 (4,000) 4,640 134,436 |
2020 Total funds £ 116,607 5,939 5,616 - - - 128,162 2020 £ 124,605 6,534 (3,000) 4,393 132,532 |
|---|---|---|---|---|
The average number employees during the year was 10, being an average of 8.4 full time equivalent (2020: 9.6, 8.1 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2021 2020 |
|
|---|---|---|
| Costs of the scheme to the charity for the year | £ £ 4,640 4,393 |
|
| Amount of any contributions outstanding at the year end - - |
||
| Amount of any contributions prepaid at the year end - - |
||
| **4 ** | Restricted funds | Balance b/f Incoming Outgoing Balance c/f |
| HMRC JRS grant | £ £ £ £ - 861 861 - |
|
| - 861 861 - |
||
| Fund name | Purpose of restriction | |
| HMRC JRS grant | HMRC Job Retention Scheme grant for staff furlough. |
5 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
| Name of trustee Legal authority Tracey Allen (Pre-school Manager) Governing document |
2021 £ 23,813 23,813 |
2020 £ 23,736 23,736 |
|---|---|---|
No trustee received any other remuneration or benefit during this or the previous year.
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