Bright Sparks Pre School
Charity number 1126437
Annual Report and Financial Statements
for the year ended 31 March 2022
Bright Sparks Pre School
Annual Report and Financial Statements
for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Receipts and payments account | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 to 9 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Bright Sparks Pre School
Trustees' report for the year ended 31 March 2022
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 Julie Hobson Chair Emma Rogers Secretary Tracey Allen Sarah Marquis-Linley Charity number 1126437 Registered in England and Wales
Registered and 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 Stringer House 34 Lupton Street Leeds LS10 2QW
West Yorkshire Community Accountancy Service CIO
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 2022
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 Primary 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
We have 45 children who currently attend, some of whom will move across into the Reception class at the school. Bright Sparks has a good relationship with the school and we get invited across to attend special assemblies led by the school Reverend. The school provides lunches for Bright Sparks children who stay over the lunch period.
This year we had a writer in called Bianca Vickers to read her book to the children, which they really enjoyed and they also had the chance to buy a signed copy of the book.
In December we held a Christmas party for all the children at the Sky Pies soft play centre, where each child received a present from Santa.
We have regular fundrising events within Pre-School by holding raffles at Christmas and Easter and selling Reindeer food and Easter treat bags. We also had individual photos taken to help raise money for new toys and equipment for the children.
We continue to offer places for special needs children and have staff in place to offer them one to one attention. All staff are qualified to Level 3 and the Manager Level 5. All staff regularly attend training courses to give them the knowledge and understanding to offer the level of service the community expects.
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Bright Sparks Pre School
Trustees' report (continued) for the year ended 31 March 2022
Financial review
The net receipts for the year were £35,038, all relating to unrestricted funds.
Reserves policy
The charity's free reserves at the year end were £160,011.
The trustees have adopted a formal reserves policy to ensure the charity properly manages its resources and currently monitors 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 2021/22 expenditure this comes to around £87,000, not including potential redundancy costs.
The trustees recognise that free reserves held at year end were still in excess of the policy. The policy itself will be reviewed again later this year. However there are plans for further external work around the building and we are looking to possibly increase the number of staff. These will both have an impact on reserves currently held.
Approved by the board of trustees on 15/12/2022
J A Hobson (Trustee)
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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 charity for the year ended 31 March 2022, which are set out on pages 6 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 charity'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.
Stephen Procter
16/12/2022
West Yorkshire Community Accountancy Service CIO
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 2022
| Notes 2022 Unrestricted funds £ Receipts Grants (2) 129,635 Nursery fees 70,282 Bond 1,595 School meals income 3,491 Children's uniform income 570 Party and trip contributions 245 Bank interest 15 Fundraising (Inc. photos and book club) 773 Other income 155 Total receipts 206,761 Payments Staff costs 125,145 DBS checks 181 School meals 3,835 Bond refunds 775 Memberships and subscriptions 1,136 Photocopying, stationery and postage 3,240 Staff expenses 709 Events and activities 636 Fundraising costs (inc. photos and book club) 170 Cleaning 1,184 Food 1,855 Children's uniform costs 839 Fixtures and fittings and extension work 978 Repairs and maintenance 92 Equipment 2,439 Books 301 Toys 704 Materials and resources 716 Telephone 973 Insurance 1,348 Rent 18,253 Advertising and publicity 93 Independent examination 684 Training 628 Staff uniform 281 Legal and professional 3,808 Speech and language 510 Other expenses 210 Total payments 171,723 Net income / (expenditure) 35,038 Fund balances brought forward 124,973 Fund balances carried forward (3) 160,011 |
2022 Restricted funds £ 2,563 - - - - - - - - 2,563 2,563 - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,563 - - - |
2022 Total funds £ 132,198 70,282 1,595 3,491 570 245 15 773 155 209,324 127,708 181 3,835 775 1,136 3,240 709 636 170 1,184 1,855 839 978 92 2,439 301 704 716 973 1,348 18,253 93 684 628 281 3,808 510 210 174,286 35,038 124,973 160,011 |
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 |
|---|---|---|---|
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Bright Sparks Pre School
Statement of assets and liabilities
| as at 31 March 2022 2022 Unrestricted £ Cash funds Cash at bank 159,999 Cash in hand 12 Total cash funds 160,011 Liabilities Independent examination |
2022 Restricted £ - - - |
2022 Total £ 159,999 12 160,011 £ 684 684 |
2021 Total £ 124,961 12 124,973 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 15/12/2022
J A Hobson (Trustee)
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Bright Sparks Pre School
Notes to the accounts
for the year ended 31 March 2022
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 2022
| 2 Grants 2022 2022 2022 Unrestricted Restricted Total funds funds funds £ £ £ Leeds City Council - Nursery Education Grant 111,258 - 111,258 Leeds City Council - SEN grant 3,427 - 3,427 Leeds City Council - Discretionary grants 14,950 - 14,950 HMRC JRS grant - 2,563 2,563 Tesco - - - 129,635 2,563 132,198 3 Restricted funds Balance b/f Receipts Payments Transfers £ £ £ £ HMRC JRS grant - 2,563 2,563 - - 2,563 2,563 - Fund name Purpose of restriction HMRC JRS grant HMRC Job Retention Scheme grant for staff furlough costs. |
2021 Total funds £ 121,650 2,653 10,000 861 500 135,664 Balance c/f £ - - |
|---|---|
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
| Details of remuneration and benefits Tracey Allen Reason for remuneration The trustee was employed in the role of Pre-School Manager |
2022 £ 24,200 24,200 |
2021 £ 23,813 23,813 |
|---|---|---|
Legal authority for the payment
The legal authority for the payment is via a provision within the charity's governing document.
No other trustee received any remuneration or benefit during this or the previous year.
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