## Trustees Report for Kea Pre school Ltd 2021 

## Objectves and Actvites 

To provide child care in safe environment from early years prior to attending state full time education. 

To provide breakfast and after school facilities for children up to 11 years of age to create the learning environment and allow parents to work. 

To provide a mixed curriculum to all children in our care. 

To contribute successfully to local community  and main school. 

## Achievements and Performance 

To provide fully trained staff in order to provide safe, educational and fun for all children in our care. 

To continually train and support  staff to the highest level in all aspects child care. 

To maintain the prospect of maintaining and improving on our recent GOOD Ofsted report. To ensure that we provide a high level of client satisfaction for both children and parents. To pay and reward staff appropriately whilst providing a very competitive charge structure To continually review our policies, terms and conditions for both children parents and staff. 

## Financial Review 

To comply with Charities recommendations in respect of our funds and maintain a sufficient level to provide further support. 

To upgrade premises and resources as and when required and ensure staff training is provides us with breath of knowledge and understanding required. 

To ensure our income is used wisely and regularly reviewed . 

The trustees declare that they have approved the trustees report above 

Signed 

Name of Trustees   Stuart Pearson 

Date 



Company registration number: 6701980
Charity registration number: E127048
Kea Preschool Ltd
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 December 2021
Clark Jenner Angove Accountants Ltd
The Old Workshop
59 Church Way
Falmouth
Cornwall
TRII 4SG

Kea Preschool Ltd
Contents
Reference and Administrative Detsils
Accountants, Report
Independent Examiner's Report
3É04
Statement of Financial Activities
5t06
Balance Sheet
7t08
Notes to the Financial Ststements
9t020

Kea Preschool Ltd
Reference and Administrative Details
Trustees
David Charles Gibson Clewlow
Stuart Anthony Pearson
Janine Allen
Principal Office
Kea Preschool Ltd
Kea
Truro
Cornwall
TR3 6AY
The charity is incorporated in England.
6701980
Company Registration
Number
Charity Registration Number 1127048
Independent Examiner
Clark Jenner Angove Accountants Ltd
The Old Workshop
59 Church Way
Falmouth
Cornwall
TRI14SG
Page I

Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory
Accounts of
K¢4 Preschool Ltd
for the Year Ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared
for your approval the accounts of Kea Preschool Ltd for the year ended 31 December 2021 as
set out on pages 5 to 20 from the company's accounting records and from inforniation and
explanations you have given us.
As a practising member of the Chartered Institute of Taxation (CIOT). we are subject to its
ethical and otheT professional requirements which are detailed at
httP:/lwww.ciot.orglciot]/professional-standards-mernber-rulesl].
This report is rnade solely to the Board of Directors of Kea Preschool Ltd. as a body. in
accordance with the tem]s of our engagement letter. Our work ha5 been undertaken solely to
prepare for your approval the accounts of Kea Preschool Ltd and state those matters that we
have agreed to state to the Board of Directors of Kea Preschool Ltd, as a body, in this report
in accordance with CIOT Technical Release 07116 AAF. To the fullest extent pennitted by
law, we do not accept or assume responsibility to anyone other than Kea Preschool Ltd and
its Board of Dire¢tOTS as a body for our work OT for this report.
It is your duty to ensure that Kea PTeschool Ltd has kept adequate accounting records and to
prepare statutory accounts that give a true and fair view of the assets, liabilities. financial
position and results of Kea Preschool Ltd. You consider that Kea Preschool Ltd is exempt
from the ststutory audit requirement for the year.
We have not been instructed to Ca￿ out an audit or a review of the accounts of Kea
Preschool Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or inforn]ation and explanations you have given to us and we do not,
therefore, express any opinion on the statutory accounts.
22 August 2022
Page 2

Kea Preschool Ltd
Independent Examiner's Report to the trustees of Kea Preschool Ltd
I report to the charity trustees on my examination of the accounts of the Charity for the year
ended 31 December 2021 which are set out on pages 5 to 20.
Respective responsibilities of trustees and examiner
As the charity's trustees of Kea Preschool Ltd (and also its directors for the purposes of
company law) you are responsible for the preparation of the accounts in accordance with the
requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounls of Kea Preschool Ltd are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in
respect of my examination of your charity's accounts as carried out under section 145 of the
Charities Act 201 I ('the 2011 Act,). In carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5){b) of the 2011 Act.
Ind¢p¢ndent examiner's statement
I have completed my examination. I confinn that no matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in restK¢t of Kea Preschool Ltd as required by section
386 of the 2006 Act" or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the ac¢ountin8 requirements of section 396 of the 2006
Act other than any requirement that the accounts give a 'true and fair view, which is not
a matter considered as part of an independent examination: or
4. the accounts have not been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by charities
[applicable to charities preparing their a¢¢ounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have corne 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 accounls to be reached.
Jayne Angove
The Old Workshop
59 Church Way
Falmouth
Cornwall
TRI14SG
Page 3

Kea Preschool Ltd
Independent Examiner's Report to the trustees of Kea Preschool Ltd
22 August 2022
Trustees Re ort for Kea Pre school Ltd 2021
To provide child care in safe environment from early yeats prior to attending state full time
education.
To provide breakfast and after school facilities for children up to I l years of age to create the
leaming environment and allow parents to work.
To provide a mixed curriculum to all children in our care.
To contribute successfully to local community and main school.
vement
nc
To provide ￿llY trained staff in order to provide safe, educational and fun for all Children in
our care.
To continually train and support staff to the highest level in all aspects child care.
To maintain the prospect of maintsining and improving on our recent GOOD Ofsted report.
To ensure that we provide a high level of client satisfaction for both children and parents.
To pay and reward staff appropriately whilst providing a very competitive charge structure
To continually review our policies, terms and conditions for both childTen parents and staff.
Fina
To comply with Charities recommendations in respect of our funds and maintain a sufficient
level to provide fither support.
To upgrade premises and resources as and when required and ensure staff training is provides
us with breath of knowledge and understanding required.
To ensure our income is used wisely and regularly reviewed .
The trustees declare that the
have approved the trustees report above
Signed
Name of Trustees Stuart Pearson
Date
Page 4

Kea Presehool Ltd
Statement of Financial Activities for the Year Ended 31 December 2021
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Total
2021
Note
Income And Endowments from:
Donations and legacies
Charitable activities
Investtnent income
172
190,025
46
172
190,025
46
Tolal income
190,243
190,243
Expenditure on:
Charitable activities
175,151)
(175,151)
Total expenditure
Net income
(175.151)
(175,151)
15.092
15,092
Net movement in fimds
15.092
15.092
Reconciliation of funds
Total funds brought forward
Total funds carried forward
93,041
93,041
108.133
Total
2020
17
108,133
Unrestricted
funds
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Inv¢stment income
217
185.566
41
67
217
185,566
41
67
Total income
185,891
185,891
Expenditure on:
Charitable activities
(197,776)
(197,776)
(11,885)
(197,776)
(197,776)
(11,885)
Total expenditure
Net expenditure
Net movement in funds
(11,885)
(11,885)
Reeonciliation of funds
Total fijnds brought fonvard
104,926
104,926
Page 5

Kea Preschool Ltd
Statement of Financial Activities for th¢ Year Ended 31 December 2021
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Loss¢s)
Unrestrieted
funds
Total
2020
Not¢
Total funds carried forward
17
93,041
93,041
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2020 is shown in note 17.
Page 6

K¢a Preschool Ltd
(Registration number: 6701980)
Balance Sheet as at 31 December 2021
2021
2020
Note
Fixed assets
Tangible &ssets
Current as$¢ts
Debtors
Cash at bank and in hand
12
40,273
54.348
13
14
2,283
72,217
74,500
(2,573)
71,927
1,153
63,531
64,684
(25.991)
38,693
Creditors: Amounts falling due within one year
Net eurrent asset5
15
Total assets less current liabilities
112,200
93,041
Creditors: Amounts falling due after more than one
year
16
(4.067)
108.133
Net assets
93.041
Funds of the charity:
Unrestricted income funds
Unrestricted funds
108.133
108,133
93.041
93.041
Total funds
17
For the financial year ending 31 December 2021 the charAty was entitled to exemption from
audit under section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The metnbers have not iequired the charity to obtain an audit of its accounts for the year in
question in accordance with section 476. and
The directors a¢knowledg¢ their responsibilities for complying with the requirements of
the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
Page 7

Kea Preschool Ltd
(Registration number: 6701980)
Balance Sheet as at 31 December 2021
The flnancial statements on pages 5 to 20 were approved by the trustees, and authorised for
issue on 22 August 2022 and signed on their behalf by:
Stuart Anthony Pearson
Trustee
Pag¢ 8

K¢2 Preschool Ltd
Notes to tbe Financial Statements for the Year Ended 31 December 2021
I Charity status
The Charity is limited by guarantee, incorporated in England, and consequently does not have
shar¢ capital. Each of the truste¢s is liable to contribute an amount not exceeding £10 towards
the &ssets of the charity in the event of liquidation.
The address of its registered office is..
Kea Preschool Ltd
Kea
Tnjro
Cornwall
TR3 6AY
These financial statements were authorised for issue by the trustees on 22 August 2022.
2 Accounting polieies
Summary of significant accounting policies and key accounting ¢stimate$
The principal accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistently applied to all the years presented. unless
othen¥ise stated.
Statement of ¢ompliance
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They
also comply with the Companies Act 2006 and Charities Act 201 I.
Basis of preparation
Kea Preschool Ltd meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction valu¢ unless otherwise stated
in the relevant accounting policy notes.
Going eoncern
The trustees consider that there are no material uncertainties about the charity's ability to
continue as a going concern nor any significant areas of uncertainty that affect the Ca￿Ing
value of assets held by the chaLIty.
Pag¢ 9

Kea Pres¢hool Ltd
Notes to the Financial Statements for the Year Ended 31 De¢¢mber 2021
Exemption from preparlng a cash flow statement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore
not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the incorne, it is probable that the
income will be received and the arnount of the income receivable can be measured reliably.
Donaled services andfaeililies
Where services or facilities are provided to the charity as a donation that would norn]ally be
purchased from our suppliers, this benefit is included in the financial statements al it's fair
value unless il's fair value cannot be reliably measured, then at the cost to th¢ donor or the
resale value of goods that are to be sold.
Expenditur¢
All expenditure is recognised once there is a legal or constructive obligation to that
expenditure. it is probable settlement is required and the amount can be measured reliably.
All costs are allocated to the applicable expenditure heading that aggregate similar costs to
that category. Where costs cannot be directly attributed to particular headings they have been
allocated on a basis consistent with the use of resources, with central staff costs allocated on
the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charitable activilies
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and Services for its beneficiaries. It includes both Costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
Taxation
The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance
Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax
purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or
capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax
Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
such income or gains are applied exclusively to charitable purposes.
Page 10

Kea Preschool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
Exemption from preparing a cash flow statement
The charity opted io early adopt Bulletin I published on 2 February 2016 and have therefore
not included a cash flow statement in these fmancial statements.
In¢ome and endowments
All income is Tecognised once the charity has entitlement to the income. it is probable that the
income will be received and the amount of the income receivable can be measured reliably.
Donated services andfacilities
Where services or facilitie5 are provided to the charity as a donation that would nonnally be
purchased from our supplier5, this Ixnefit is included in the financial statements at it's fair
value unless it's fair value cannot be Teliably m¢asured. then at the cost to the donor or the
Tesale value of goods that are to be sold.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that
expenditure, it is probable settlement Is required and the arnount can be measured reliably.
All costs aTe allocated to the applicable expenditure heading that aggregate similar costs to
that category. Where costs cannot be directly attribufrd to particular headings they have been
allocated on a basis consistent with the use of resources, with central staff costs allocated on
the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure cornprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance
Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax
purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or
Capital gains received within categories covered by Chapter 3 Part L l of the Corporation Tax
Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
such income or gains are applied exclusively to charitable purposes.
Page 10

Kea Preschool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
Tangible fixed assets
Individual fixed assets costing £250 or more are initially recorded at cost, less any subsequent
accumulated depreciation and subsequent accumulated impainnant losses
Depreciation and amort15ation
Depreciation is provided on tangible fjxed assets so as to write off the c05t or valuation, less
any estimated residual value, over their expected use￿1 economic life as follows..
Asset class
Property
Plant & Machinery
Depreciation method and rate
IOO/o Straight line basis
250/0 Reducing balance basis
Trade debtors
Trade debtors are amounts due from customers for m¢whandise sold or services perfornied in
the ordinary course of busine5S.
Trade debtors are recognised initially at the transaction price. They are subsequently
measured at amortised cosl using the effective interest method, less provision for impaimient.
A PTovision for the impairment of trade debtors is established when there is objective
evidence that the charity will not be able to collect all amounts due according to the original
tem]s of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni
highly liquid investments that are readily convertible to a known amount of cash and are
subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods OT services that have been acquired in the
ordinary course of business from suppliers. Accounts payable are classified as current
liabilities if the Charity does not have an unconditional right, at the end of the reporting
period, to defer settlement of the creditor for at least twelve months after the reporting date. If
there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at
amortised cost using the effective interest method.
Page 11

Kea Preschool Ltd
Notes to the Financial Statements for the Year End¢d 31 December 2021
Borrowings
Interest-beaTing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at aLnortised cost, with the difference
between the proceeds, net of transaction costs, and the amount due on redemption being
recognised as a chaTge to the Ststement of Financial Activities over the period of the relevant
borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in
interest payable and similar charges.
Borrowings are classified as cu￿ent liabilities unless the charity has an unconditionaI right to
defer settlement of the liability for at least twelve months after the reporting date.
Foreign exchange
Transactions in foffign currencies are recorded at the rate of exchange at the date of the
transaction. Monetary assets and liabilities denominated in foTeign currencies at the balance
sheet date are reported at the rates of exchange prevailing at that dat¢.
The results of overseas operations are translated at the average rates of exchange during the
period and their balance sheets at the rales ruling at the balance sheet date. Exchange
differences arising on translation of the opening net assets and results of overseas operations
are Teported in other comprehensive incom¢ and accumulated in equity {attrAbuted to
non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activitie5 in the
peiiod in which they arise except for..
l) exchange differences on transactions entered into to hedge certain foreign Cu￿enCY risks
(see above).
2) exchange differences arising on gains or losses on non-monetary items which are
recognised in other comprehensive income. and
3) in the case of the consolidated financial statements, exchange differences on monetary
items receivable from or payable to a foreign operation for which settletnent is neither
planned nor likely to OCCUT {therefore fomiing part of the net investtnenl in the foreign
operation), which are recognised in other comprehensive income and reported under equity.
Fund structure
Unrestricted income ￿ndS are general funds that are available for use at the trustees's
discretion in furtherance of the objectives of the charity.
Page 12

Kea Preschool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
Financial instruments
Classificalion
Financial assets and financial liabilities are recognised when the charity becomes a party to
the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the
contrdctual artangernents entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and pneasurentenÉ
All financial assets and liabilities are initially measured at transaction price (including
transaction costs), except for those financial assets cla5sifLed as at fair value through profit or
loss, which are initially measured at fair value (which is nomally the transaction price
excluding transaction costs), unless the arrangetnent constitutes a financing transaction. If an
arrangement constitutes a financing transaction, the financial asset or financial liability IS
measured at the present value of the future payrnents discounted at a market rate of interest
for a similar debt instnllnent.
Financial assets and liabilities are only offset in the statement of financial position when, and
only when there exists a legally enforceable right to set off the recognised amounts and the
charity intends either to settle on a net basis, or to realise the asset and settle the liability
simultaneously.
Financial assets are derecognised when and only when a) the Contractual rights to the cash
flows from the financial asset expire or are settled, b) the charity transfers to another paty
substantially all of the risks and rewards of ownership of the financial asset, or c) the charity.
despite having retained some, but not all, significant risks and rewards of ownership. has
transfened control of the &sset to another paty.
Financial liabilities are derecognised only when the obligation specified in the contract is
discharged. cancelled or expires.
Page 13

Kea Preschool Ltd
Notes to the Financial Stat¢ments for the Year Ended 31 December 2021
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at
amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount- (li) a positive fixed rate or a
positive variable rate,. or (iii) a combination of a positive or a negative fixed rate and a
positive variable rate.
(b) The contract May provide for repayments of the principal or the return to the holder (but
not both) to be linked to a single relevant observable index of general price inflation of the
currency in which the debt inslrument is denominated, Provided such links are not leveraged.
{c) The contract may provide for a detemiinable vaTiation of the retllln to the holder during
the life of the instrument. provided that (i) the new late satisfies condition (a} and the
variation is not contingent on future events other than {1) a change of a contractual variable
rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies
applied by a central bank or arising from changes in relevant taxation or law. OT (li) the new
rate is a market rate of interest and satisfies condition (a).
(d) There is no contra¢tuaI provision that could, by its tern]s, result in the holder losing the
principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that pern]it the issuer to prepay a debt instrlunent or pennit the
holder to put it back to the issuer befor¢ matUTity are not contingent on future events, other
than to protect the holder against the credit deterioration of the issuer or a change in control
of the issuer, or to protect the holder or issuer against changes in levies applied by a central
bank or arising from changes in relevant taxation or law.
(D Contractual provisions may pemiit the extension of the tern) of the debt instrument,
provided that the return to the holder and any other contractual provisions applicable during
the extended tenn satisfy the conditions of paragraphs (a) to {c).
Debt instruments that are classified as payable or receivable within one year on initial
reCO￿litI0n and which mttt the aknve conditions are measured at the undiscounted amount of
the cash or other consideration expected to be paid or received, net of impainnent.
With the exception of some hedging instruments, other debt instruments not meeting these
conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are
measured at cost (which may be nil) less impairnient.
Page 14

Ke2 Pr¢school Ltd
Notes to the Financial Statements for the Year Ended 31 D¢cemb¢r 2021
Investments
Investments in non4onvertible preference shares and non-puttable ordinary or preference
shares (where shares are publicly traded or their fair value is reliably measurable) are
measured at fair value through profit or loss. Where fair value cannot be measured reliably,
investments are measured at cost less impaimient.
Investments in subsidiaries and associales are measured at cost less impainnent. For
investtnents in subsidiaries acquired for consideration including the issue of shares qualifying
for merger relief, cost is measured by reference to the nominal value of the Shares issued plus
fair value of other consideration. Any premium is ignored.
Derivalivef￿anCI￿ll instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk
and interest rate rnovements. The charity does not hold or issue derivative financial
instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative ¢ontract is entered
into and are subsequently remeasured to their fair value at each reporting date. The resulting
gain or loss is recognised in statement of financial activities immediately unless the
derivative is designated and effective as a hedging instrument, in which event the liming of
the recognition in statement of financial activities depends on the nature of the hedge
relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market.
When quoted prices are unavailable, the price of a recent transaction for an identical asset
provides evidence of fair value as long as there has not been a significant change in economic
circumstances or a significant lapse of time since the transaction took place. If the market is
not active and recent transactions of an identical asset on their own are not a good estimate of
fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
UnrestrK¢t
funds
Total
2021
Total
2020
General
Donated services and facilities
172
172
217
172
172
217
Page 15

Kca Preschool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
4 Incom¢ from charitable activities
Unrestricted
funds
Total
2021
Total
2020
General
172,340
172,340
154,434
5 1n¢ome from other trading activitles
Total
2021
Total
2020
Photo income
41
41
6 Investment income
Total
2021
7 Expenditure on raising funds
Total
2021
8 Expenditure on charitable aetivities
Unrestrieted
funds
Total
2021
Total
2020
General
Note
Expenditure on Charitble activities
158,479
158,479
177.744
Page 16

Kea Preschool Ltd
Notes to th¢ Financial Statements for the Year Ended 31 December 2021
9 N¢t incomin￿0Utg0lng resources
Net incomingl(outgoing) resources for the year include..
2021
10 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the
charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity
during the year.
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangibl¢ fixed a$s¢l$
Furniture
and
equipment
Other
tangible
rixed asset
Land and
buildings
Total
Cost
At l January 2021
At 31 December 2021
139,391
1,278
140,669
139,391
1,278
140,669
Depreciation
At l January 2021
Charge for the year
At 31 December 2021
85,582
13.940
739
135
86,456
13,940
99,522
739
135
100.396
Net book value
At 31 December 2021
39,869
539
(135) 40,273
At 31 Decetnber 2020
53,809
539
{135) 54,213
13 Debtors
Page 17

Kea Pr¢$ehool Ltd
Notes to the Financial Statements for the Year Ended 31 Deeember 2021
2021
2020
Trade debtors
Prepayments
1,982
301
768
385
2,283
1,153
14 Cash and cash equivalents
2021
2020
Cash on hand
Cash at bank
99
72,118
72,217
133
63,398
63,531
15 Creditors: amouDt5 falling due within one year
2021
2020
Bank loans
Trade creditors
Other taxation and social security
20,000
456
4,585
1.368
255
1.623
25,041
16 Creditors: amounts falling due after one year
2021
Other creditors
4,067
17Funds
Balance at
31
Deeember
2021
Balance at I
January
2021
Incoming
resourees
Resources
expended
Unrestricted funds
General
93.041
190,243
(175,151}
108,133
Page 18

Kea Preschool Ltd
Notes to the Financial Statements for the Y¢ar Ended 31 December 2021
Balance at
31
December
2020
Balance at I
January
2020
Ineoming
resources
R¢soure¢s
expended
Unrestricted funds
General
104,926
185,891
(197,776
93,041
18 Analysis of net assets between funds
Unrestrieted
funds
General
Total funds
Tangible fixed assets
Current assets
Current liabilities
40,408
74,199
(1,623)
112,984
40,408
74,199
(1.623)
112,984
Total net assets
Unrestricted
funds
Gener21
Total funds
Current assets
Current liabilities
64,299
(25,041)
39,258
64.299
25,041
39,258
Total net assets
19 Analysis of net funds
Atl
January
2021
At31
December
2021
Financing
cash flows
Cash at bank and in hand
63,531
63,531
(63,531)
63.531)
Net debt
Page 19

Kea Pr¢s¢hool Ltd
Notes to the Financial Statements for the Year Ended 31 December 2021
Atl
January
2020
At31
Deeemb¢r
2020
Financing
Cash flows
Cash at bank and in hand
Bank overdraft
53.547
(22.683)
30,864
30,864
(53,547)
22,683
(30,864
(30,864)
Net debt
Page 20

Kea Preschool Ltd
Statement of Finaneial Activities by fund for the Year Ended 31 D¢eember 2021
Unrestricted funds
General
Funds A
2021
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
172
190.025
46
Total income
190,243
ExpeDditure on:
Charitable activities
(175.151)
{175.151)
15,092
Total expenditur¢
Net income
Net movement in funds
15.092
Reeonciliation of funds
Total fi￿dS brought forward
Total fijnds ¢aTried fonvard
93.041
108.133
Page 21

Kea Preschool Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
2021
Unrestricted
funds
2021
Total
2020
General
Total
Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Total income
172
190,025
172
190,025
217
185,566
41
67
46
46
190,243
190,243
185,891
Expenditure on:
Charitable activities (analysed below)
Total expenditure
Net incomel(expenditure)
Net movement in funds
175,151
(175,151
197,776)
(175,151)
(175,151)
(197,776)
15.092
15,092
(11.885)
15,092
15,092
(11,885)
Reconciliation of fund$
Total funds brought forward
Total funds caLTied forward
93.041
93.041
104,926
93,041
108.133
108,133
Page 22

Kea Preschool Ltd
Detailed Statement of Finanei21 Activities for the Year Ended 31 December 2021
2021
Unrestriet¢d
funds
2021
Total
2020
General
Total
Donations and legacies
Donated services
172
172
217
172
172
217
2021
Unrestricted
fund5
2021
Total
2020
General
Total
Charitable activities
Fees and supplies
Grants receivable
CJRS Grant
Other fundraising costs
L72,340
2,900
14,785
172.340
2,900
14,785
154.536
10,000
21.132
(102)
185,566
190,025
190,025
2021
Total
2020
Total
Other trading activilies
Photo Income
41
41
Page 23

Kea Preschool Ltd
Detydiled Statement of Financial Activities for the Year Ended 31 D¢eember 2021
2021
Unrestricted
funds
2021
Total
2020
General
Total
Inveslmenl income
Interest on cash deposits
46
46
67
46
46
67
2021
Unrestricted
funds
2021
Tot21
2020
General
Total
Charitable aclivities
Wages and salaries
Staff NIC (Employers)
Staff pensions (Other) - pension scheme I
Subcontract cost
Staff training
Staff welfare
Rates
Light, heat and power
Insurance
Repairs and Maintenance
Telephone and fax
Office expenses
Refreshments & Milk
Childrens Equipment
Storage
CLeaning
Travel and subsistence
Staff entertaining {allowable for tax)
(122,349)
(2,427)
(1,393)
(159)
(1,858)
(999)
(45)
(3,483)
(803)
(2,832)
(716)
(3,930)
{4,415)
(3,082)
{122,349)
(2,427)
(1,393)
(159)
(1,858)
(999)
(45)
{3.483)
(803)
(2.832)
(716)
(3.930)
(4.41 S)
(3.082)
(140,114)
(5,792)
(1,488)
(40)
(593)
(966)
(91)
(4.215)
{921)
(6,644)
(695)
(4,542)
{2,770)
{2,502)
(119)
(7.173)
(9)
(10,657)
(10,657)
(398)
(398)
Page 24

Kea Preschool Ltd
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
2021
Unrestrieted
funds
2021
Totsl
2020
General
Total
Accountancy fees
LEgal and professional fees
Depreciation of freehold property
Depreciation of plant and machinery
Depreciation of plant and machinery
(1,490)
(42)
(13,939}
(134)
(1,490)
(42)
{13,939)
{134)
(1,815)
(3,168)
(13,939)
(180)
(197.776)
(175.151)
(175.151)
Page 25

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examination of charity accounts
checklist {CC32a)
A recommended checklist for examiners
This checklist is not suitable for the examination of voluntary group accounts.
1. Self-assessment checklist
The questions in this checklist are designed to help the examiner to undertake their
independent examination in accordan￿ with the legal requirements and good
practice recommendations set out in the Commission's guidance on Independent
examination of charity accounts: Directions and guidance for examiners {CC32).
The examiner is recommended to use the checklist alongside the Directions for
independent examination. Not all the checks listed will apply in the case of every
independent examination and so the checklist is not a substitute to the examiner
using their own judgment as to what is necessary.
The prompt 'step done, may prompt a 'yes' or'no,. A 'no' answer does not always
indicate a problem because it may simply be that the step was either not applicable
or found not to be necessary to the examination undertaken in which case the words
'not applicable, or 'not necessary, might be entered in pla￿ of a working paper
reference.
Some answers may be 'no' because the evidence or infomiation that was needed
could not be obtained and this will need to be considered when the examiner makes
their report. It is recommended that all the steps for each Direction are completed
with a working paper reference added.
It may be that the examiner completes the checklist as they go through the
examination or as a completeness check at the end as they bring their examination
to a conclusion and prepare their report. There is no legal requirement to use this
checklist and examiners may substitute their own checklist or take an alternative
approach.
If the checklist is completed it is recommended that this forms part of the formal
record of their independent examination undertaken and is kept in the file of
examiner's working papers.

2. Checklist
The Directions and documentation
Step
done?
Worklng
paper
reference
Direction 1: Check whether the charity is eligible to have
an independent examination
Checked the charity audit threshold applying to th8 accounts to
be reviewed
Checked an audit is not required for any other reason
Confirmed the charity is eligible for independent examination
Confirmed the amount of the charity's income to figure shown
the accounls (including any branches) and confirmed that
income and assets are below the audit threshold or, if
applicable, obtained a copy of the letter from the Commission
approvin
an audit dis
ensation
If the charity has one or more subsidiaries confinned that group
accounts are not required by law
If a charitable company checked that the audit exemption
statement has been made
If applicable, rechecked the threshold calculation during the
examination
If the charity's income is more than £250,000 confimed that
the examiner is a member of one of the listed bodies
If applicable, informed the trustees that the charity is not
eligible for an independent examination
If receipts and payments accounts have been prepared,
checked that the charity's gross income is less than £250,000
and that it is not a company
If re￿iptS and payments accounts have been prepared, check
that there is no requirement to prepare accruals accounts in
the charity's
overnin
document or for an
other reason
If applicable, informed the trustees that the charity is not
eligible to prepare re￿IPtS and payments accounts
Direction 2: Check for any conflict of interest that prevents
the examiner from carrying out their independent
examination
Confirmed that there are no close personal relationships with
the trustees that compromise independence
Confirmed as having no the day to day involvement in the
administration of the charity
If providing other services to the charity then confirmed that all
the criteria in Direction 2 ne￿SSary for independence are met
Identified that there are no circumstances in the examiner's
judgment that would reasonably lead to the perception that the
examiner is not independent
iA
C)
VJ4
VJO

The Directions and documentation
Step
done?
Working
paper
reference
Considered whether sufficiently skilled to carry out the
examination and, where required, confirmed membership of a
listed body
If applicable, informed the trustees that you are not eligible to
carry out the inde
endent examination
Direction 3: Record your independent examination
File of working papers prepared to document the work
undertaken (see the Direction for guidance on key working
apers)
Eviden￿ of appointment on file
If issued, letter of engagement si
ned b the trustees on file
Documentation of steps required by Direction 1 are all done
Documentation that ste
s required by Direction 2 are all done
Analytical review documented
Areas of concern identified and noted whether these were
resolved or if unresolved and significant have included them in
the examiner's report
Verification and vouching procedures undertaken and any
checks made are on file
Cop
of approved accounts on file
Copy of trustees, annual re
ort on file
Copies of information relied upon as part of the examination
are on file
If applicable, copies of written assurances given
Recorded the conclusions drawn as an outcome of the
independent examination that support the examiner's report
are on file
Recorded any matters of material significance about which a
report must be made direct to the Commission
Recorded whether to exercise discretion and report on relevant
matters direct to the Commission
Direction 4: Plan your independent examination
Obtained an understanding of the charity's constitution,
objectives. organisational structure, the funds managed. its
activities and accountin
records and systems
Planned specific examination prO￿dureS appropriate to the
circumstances of the charity
Reviewed whether any areas for improvement were advised to
the trustees in the previous year's independent examiner's
report (or audit report and management letter) and looked to
see if an
action taken
Considered the financial risks identrfied and, where accruals
accounts prepared, considered whether the trustees have
evidence that shows that the charity is a going concern
Noted any implications for the examiner's report and for
separate reportin
to the Commission
i(+
JL

The Directions and documentation
Step
done?
Working
paper
reference
Direction 5: Check that accounting records are kept to the
re
uired standard
Checked that accounting records have been kept are complete
and considered rf the
have been ke
t to the required standard
Asked the trustees about how they ensure the accounting
records are complete
If corrections made or records created during the examination,
the trustee approval for these has been sou
ht and obtained
Asked the trustees if they carried out a review of the charity's
internal financial controls in the year reported
Noted any implications for the examiner's report and for
separate reporting to the Commission
Direction 6: Check that the accounts are consistent with
the accounting records
Compared the accounts with the underl
accounting records
Checked some entries from the listing of transactions of
income and expenditure to vouchers such as invoices, bank
statements. and receipts.
If applicable, confimied that the trustees have taken the
necessary steps to ensure that restricted or endowed funds are
correctly reported in the accounts
If additional checks were ne￿Ssary. the evidence was found
that showed the accounting record was complete, voucher
present, and both supported the entry in the accounts
Direction 7: If the accounts are prepared on an accruals
basis and one or more related party transactions took
place the axaminer must check if these were properly
disclosed in the notes to the accounts
Checked that the disclosures required by the SORP have been
made and are complete
Considered whether there are any implications for the
examiner's report and reporting to the Commission
If receipts and payments accounts prepared and a related
party transaction note was provided, then checked the note for
an
lications for the examiner's report
Direction 8: Check the reasonableness of the significant
estimates and judgments and accounting polFcies used in
accounting for the types of fund held and in the
preparation of the accounts
Checked with the trustees that the separate funds of the charity
have been correctly accounted for and reported correctly in the
accounts
Checked the reasonableness of any significant estimates or
ments that have been made in preparin
the accounts
Y&
kJ3EJts
kLY

The Directions and documentation
Step
done?
Working
paper
reference
Where accruals accounts are prepared, checked that the
accounting policies adopted are consistent with the SORP and
are appropriate to the activities of the charit
Where accruals accounts are prepared, checked that the
accounts were
re
ared on a
oin
con￿rn basis
Noted any implications for the examiner's report and for
separate reporting to the Commission
Direction 9: The examiner must check whether the
trustees have considered the financial circumstances of
the charity at the end of the reporting period and, if the
accounts are prepared on an accruals basis, check
whether the trustees have made an assessment of the
harity's position as a going concern when approving the
accounts
Asked the trustees whether they expect the charity to be able
to settle outstanding invoices, bills and commitments as and
when they fall due
Asked the trustees about the reserves policy and the adequacy
of the level of reserves held
Where accruals accounts are prepared, checked that the
trustees, have made an assessment of going concern and that
their assessment is reasonable given the information available
Where accruals accounts are prepared, checked that the
SORP'S disclosures about going concern have been made
Noted any implications for the examiner's report and for
separate reporting to the Commission
Direction 10: Check the form and content of the accounts
Where receipts and payments accounts have been prepared,
checked that the charity can lawfully prepare such accounts,
that all the accounting statements are present and that the
funds of the charity are correctly identified
Where accruals accounts are prepared, checked that they
compl
with the SORP and applicable accountin
standard
If the charity is a Company, checked that the accounts also
comply with the a
plicable company law requirements
Noted any implications for the examiner's report and for
se
arate reportin
to the Commission
Direction 11: Identify items from the analytical review of
the accounts that need to be followed up for further
explanation or evidence
Carried out an analytical review

The Directions and documentation
Step
done?
Working
paper
reference
Following the analytical review, selected material items in the
accounts for further ex
lanation or su
orting evidence
If the accounts could be materially misstated, additional checks
were undertaken and the examiner is satisfied that the item(s)
identified were satisfactorily explained and correctly included in
the accounts
Noted any implications for the examiner's report and for
separate reportin
to the Commission
Direction 12: Compare the trustees. annual report with the
accounts
Checked that any figure for reserves quoted in the trustees,
annual report is not materially inconsistent with the accounts
Compared the trustees, annual report with the accounts for any
material inconsistency
Noted any implications for the examiner's report and for
separate reportin
to the Commission
Direction 13: Write and sign the independent examination
report
Reviewed the conclusions from the independent examination
Considered whether the examination has identified a matter of
concern that should be reported in the examiner's report
Checked that the examiner's report covers all of the matters
required
If relying on the work of others in undertaking the independent
examination, the examiner is fully satisfied with their work and
that work has been fully documented
Signed and dated the examiner's report
Reported matters of material significance direct to the
Commission
Exercised discretion and reported relevant matters direct to the
Commission
14-