## 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**
1
## 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.
2
## 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: ……………..…..………….
3
## 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
4
## 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|
|---|---|---|---|
5
## 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: ……………..…..………….
6
## 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.
7
## 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.
8