## 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**
1
## 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.
2
## 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.
3
## 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)
4
## 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
5
## 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|
|---|---|---|---|
6
## 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)
7
## 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.
8
## 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.
9