Company registration number: 06625633 Charity registration number: 1127348
## Jigsaw Pre-School (Western Wards)
(A company limited by share capital)
Annual Report and Financial Statements
for the Year Ended 31 August 2020
## **Jigsaw Pre-School (Western Wards)**
## **Contents**
Trustees' Report 1 to 5 Independent Examiner's Report 6 Statement of Financial Activities 7 Balance Sheet 8 to 9 Notes to the Financial Statements 10 to 19
## **Jigsaw Pre-School (Western Wards)**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2020.
## **Objectives and activities**
## _**Objects and aims**_
Provision of childcare and education to children aged 2 until entry to school, in the locks heath (western wards) area.
To maintain the provision of a high quality, safe and nurturing service to young children under our care.
Close attention is given to regular reviews of the curriculum to ensure the level and contents of education provided are apprpriate and effective.
Jigsaw Pre-School (Western Wards) enjoyed a high level of support from volunteers including individuals and local organisations. The staff members were encouraged to undertake training that would benefit them both personally and professionally.
Jigsaw Pre-School (Western Wards) are striving to achieve successful relationships with parents.
## _**Public benefit**_
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on ‘public benefit: running a charity (PB2).
The Charity unfortunately had to move premises as the current childcare setting was closed by Fareham Borough Council. For the public benefit of the local area they worked tirelessly to ensure they could open a setting in order that the children currently receiving childcare were able to move with us.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
The initial impacts of the Covid 19 pandemic were felt during the year, and at times this has led to enforced closures. When allowed to open Jigsaw Pre-School (Western Wards) has endeavoured to ensure that they provide as safe environment as possible for both staff and children.
Page 1
## **Jigsaw Pre-School (Western Wards)**
## **Trustees' Report**
## **Financial review**
## _**Policy on reserves**_
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergencies and other expenditures. The trustees consider that the ideal level of reserves that Jigsaw should aspire to is £77,000, being approximately 50% of annual expenditure.
The Board of Trustees has developed a reserves policy, it is multi layered and staged.
1. Move the organisation to a position where it holds £60,000 free cash reserves. To allow the benefits of cash flow and economies of scale.
2. Move the organisation to a position where it holds £70,000 free cash reserves.
3. Move the organisation to a position where it holds £80,000 free cash reserves.
4 Move the organisation to a position where it holds £87,000 free cash reserves. The level needed to cover approximately 50% of annual expenditure.
At 31st August 2020 free reserves stood at £42,217
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
The impacts of the Covid 19 pandemic are ongoing. Jigsaw Pre-School (Western Wards) will continue to do everything possible to ensure that they provide as safe environment as possible for both staff and children.
## **Going concern**
The worldwide pandemic caused by Covid 19 and the subsequent lockdown has serious implications for the Charity. Funding from Local Government is currently continuing and the Trustees are ensuring that the Charity benefits from all support to which it is eligible. Given the continued support of Local Government the Trustees believe that the Charity is a going concern. However given the nature of the crisis the level of uncertainty for the future remains.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.
Advantage has been taken of Section 30 of the Companies Act 1985 exempting the company from the requirements to show Limited with its name.
As an Incorporated Charity, Jigsaw Pre -School’s governing constitutional document is its “Memorandum & Articles of Association”. These define the organisation’s charitable objects, composition of its Board of Trustees and the rules under which it is managed and operates.
Page 2
## **Jigsaw Pre-School (Western Wards)**
## **Trustees' Report**
## _**Recruitment and appointment of trustees**_
The directors of the charitable company (the charity) are its trustees for the purpose of charity law.
The composition of the Board of Trustees is outlined in the “Memorandum & Articles of Association”.
Trustees are appointed or their positions ratified at the Annual General Meeting, and are undertaken in accordance with the organisation’s governing constitutional document the “Memorandum & Articles of Association”.
## _**Induction and training of trustees**_
Trustees are inducted by informal conversation with the Manager Sue Millar and any available Trustees at the time.
## _**Organisational structure**_
The Charity is run by the Board of Trustees and they meet on a school termly basis; it is they who take responsibility for the strategic planning and monitoring of the work of the Charity. The Manager Sue Millar and Chair of Trustees Jo Robinson work very closely together to ensure the successful running of the Charity and they meet on a weekly basis.
Page 3
## **Jigsaw Pre-School (Western Wards)**
## **Trustees' Report**
## **Relationships with related parties**
Offsted – Preschool Inspector and Regulator Charity Commission – Charities Inspector and Regulator Childrens Services – Support for Child care providers
## _**Major risks and management of those risks**_
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The major risks identified by the trustees all have relevant policies in place.
## **Reference and Administrative Details**
|**Trustees**|Mrs J L Robinson|
|---|---|
||Mrs J Bailey|
||Mrs S H Millar|
||Mrs K Collins-Hardman|
|**Principal Office**|Titchfield Community Centre|
||Meon Room|
||Mill Street|
||Titchfield|
||Fareham|
||PO14 4AB|
|**Registered Office**|26 Southampton Road|
||Park Gate|
||Southampton|
||Hampshire|
||SO31 6AF|
||The charity is incorporated in England and Wales.|
|**Company Registration Number**|06625633|
|**Charity Registration Number**|1127348|
|**Bankers**|Lloyds Bank PLc|
||Ariel House|
||2138 Coventry Road|
||Sheldon|
||B26 3JW|
|**Independent Examiner**|Mitchell Meredith Limited|
||Chartered Accountants|
||St Davids House|
||48 Free Street|
||Brecon|
||Powys|
||LD3 7BN|
Page 4
## **Jigsaw Pre-School (Western Wards)**
## **Trustees' Report**
## **Financial instruments**
## _**Objectives and policies**_
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value.
## _**Statement of Trustees Responsibilities**_
The trustees (who are also the directors of Jigsaw Pre-School (Western Wards) for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 12 May 2021 and signed on its behalf by:
Mrs K Collins-Hardman Trustee
Page 5
## **Jigsaw Pre-School (Western Wards)**
## **Independent Examiner's Report to the trustees of Jigsaw Pre-School (Western Wards)**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 7 to 19.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Jigsaw Pre-School (Western Wards) (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 accounts of Jigsaw Pre-School (Western Wards) 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 2011 (‘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.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Jigsaw Pre-School (Western Wards) 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 accounting 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I draw attention to note 2 to the financial statements which describes uncertainties arising as a result of the world pandemic caused by Covid 19 and the Charity's ability to continue as a going cencern. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
M L Barnes - FCCA ACA Mitchell Meredith Limited Chartered Accountants
St Davids House 48 Free Street Brecon Powys LD3 7BN
12 May 2021
Page 6
## **Jigsaw Pre-School (Western Wards)**
## **Statement of Financial Activities for the Year Ended 31 August 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
5
Investment income
6
Total Income
**Expenditure on:**
Charitable activities
7
Total Expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
5,000
146,561
11
151,572
(137,054)
(137,054)
14,518
14,518
34,831
49,349|**Restricted**
**funds**
**£**
11,120
-
-
11,120
(9,954)
(9,954)
1,166
1,166
-
1,166|**Total**
**2020**
**£**
16,120
146,561
11
162,692
(147,008)
(147,008)
15,684
15,684
34,831
50,515|**Total**
**2019**
**£**
500
141,168
10|
|---|---|---|---|---|
|||||141,678|
|||||(154,935)|
|||||(154,935)|
|||||(13,257)|
|||||(13,257)
48,088|
|||||34,831|
All of the charity's activities derive from continuing operations during the above two periods.
Page 7
## **Jigsaw Pre-School (Western Wards)**
## **(Registration number: 06625633) Balance Sheet as at 31 August 2020**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
18
**Unrestricted income funds**
Unrestricted funds
**Total funds**
18|**2020**
**£**
1,132
3,080
51,725
54,805
(5,422)
49,383
50,515
1,166
49,349
50,515|**2019**
**£**
-
4,470
34,477|
|---|---|---|
|||38,947
(4,116)|
|||34,831|
|||34,831|
|||-
34,831|
|||34,831|
Page 8
## **Jigsaw Pre-School (Western Wards)**
## **(Registration number: 06625633) Balance Sheet as at 31 August 2020**
For the financial year ending 31 August 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge 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.
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 12 May 2021 and signed on their behalf by:
Mrs J L Robinson Trustee
Page 9
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **1 Charity status**
The charity is limited by share capital, incorporated in England and Wales.
The principal place of business is: Titchfield Community Centre Meon Room Mill Street Titchfield Fareham PO14 4AB
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
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 otherwise stated.
## **Statement of compliance**
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 1 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 2011.
## **Basis of preparation**
Jigsaw Pre-School (Western Wards) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
The worldwide pandemic caused by Covid 19 and the subsequent lockdown has serious implications for the Charity. Funding from Local Government is currently continuing and the Trustees are ensuring that the Charity benefits from all support to which it is eligible. Given the continued support of Local Government the Trustees believe that the Charity is a going concern. However given the nature of the crisis the level of uncertainty for the future remains.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Page 10
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **Income and endowments**
All income is recognised 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.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
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 activities**_
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.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 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 11 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 11
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Office equipment
## **Depreciation method and rate**
20% straight line
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price. A provision 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 terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits.
## **Trade creditors**
Trade creditors are obligations to pay for goods or 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 at the transaction price.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
Page 12
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **3 Income from donations and legacies**
|Grants (see note 4)
Government grants
Grants from other charities
**4**
**Grants**
Job Retention Scheme
Fareham Borough Council
Tesco Bags of Help
Apprenticeship grant
**5**
**Income from charitable activities**
Hall
St Johns|**Unrestricted**
**funds**
**General**
**£**
5,000
-
5,000
**Unrestricted**
**Funds**
**£**
-
5,000
-
-
5,000|**Restricted**
**funds**
**£**
9,954
1,166
11,120
**Restricted**
**Funds**
**£**
9,954
-
1,166
-
11,120
**Unrestricted**
**funds**
**£**
75,417
71,144
146,561|**Total**
**2020**
**£**
14,954
1,166
16,120
**Total Funds**
**2020**
**£**
9,954
5,000
1,166
-
16,120
**Total**
**2020**
**£**
75,417
71,144
146,561|**Total**
**2019**
**£**
500
-|
|---|---|---|---|---|
|||||500|
|||||**Total Funds**
**2019**
**£**
-
-
-
500|
|||||500|
|||||**Total**
**2019**
**£**
57,168
84,000|
|||||141,168|
Page 13
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **6 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**7**
**Expenditure on charitable activities**
**Note**
**Unrestricted**
**funds**
**£**
Direct costs - Hall
721
Direct costs - St Johns
181
Staff costs
115,477
Allocated support costs
8
18,779
Governance costs
8
1,896
137,054|**Unrestricted**
**funds**
**General**
**£**
11
**Restricted**
**funds**
**£**
-
-
9,954
-
-
9,954|**Total**
**2020**
**£**
11
**Total**
**2020**
**£**
721
181
125,431
18,779
1,896
147,008|**Total**
**2019**
**£**
10|
|---|---|---|---|
||||**Total**
**2019**
**£**
566
369
128,555
23,645
1,800|
||||154,935|
£137,054 (2019 - £154,935) of the above expenditure was attributable to unrestricted funds and £9,954 (2019 - £Nil) to restricted funds.
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements|**Unrestricted**
**funds**
**General**
**£**
1,896
1,896|**Total**
**2020**
**£**
1,896
1,896|**Total**
**2019**
**£**
1,800|
|---|---|---|---|
||||1,800|
Page 14
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **Analysis of support costs**
|**Hall**
**St Johns**
**Overheads**
**Total**
**2020**
**£**
**£**
**£**
**£**
Establishment costs
2,068
5,934
1,294
9,296
Office expenses
217
239
2,014
2,470
Printing postage and stationery
19
15
1,027
1,061
Sundry costs
1,001
1,030
519
2,550
Advertising
-
-
240
240
Payroll
-
-
966
966
Professional Fees
-
-
110
110
Insurance
-
-
1,690
1,690
Uniforms
-
-
113
113
Depreciation
-
-
283
283
3,305
7,218
8,256
18,779
**9**
**Trustees remuneration and expenses**
No trustees have received any reimbursed expenses or any other benefits from the charity during
**10 Staff costs**
The aggregate payroll costs were as follows:
**2020**
**£**
**Staff costs during the year were:**
Wages and salaries
120,952
Social security costs
1,927
Pension costs
1,730
Staff training
822
125,431|**Hall**
**St Johns**
**Overheads**
**Total**
**2020**
**£**
**£**
**£**
**£**
Establishment costs
2,068
5,934
1,294
9,296
Office expenses
217
239
2,014
2,470
Printing postage and stationery
19
15
1,027
1,061
Sundry costs
1,001
1,030
519
2,550
Advertising
-
-
240
240
Payroll
-
-
966
966
Professional Fees
-
-
110
110
Insurance
-
-
1,690
1,690
Uniforms
-
-
113
113
Depreciation
-
-
283
283
3,305
7,218
8,256
18,779
**9**
**Trustees remuneration and expenses**
No trustees have received any reimbursed expenses or any other benefits from the charity during
**10 Staff costs**
The aggregate payroll costs were as follows:
**2020**
**£**
**Staff costs during the year were:**
Wages and salaries
120,952
Social security costs
1,927
Pension costs
1,730
Staff training
822
125,431|**Total**
**2019**
**£**
14,893
2,975
773
1,365
610
1,030
373
1,527
99
-
23,645
the year.
**2019**
**£**
124,432
2,018
1,199
906|
|---|---|---|
|||128,555|
Page 15
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2020**||**2019**||
|---|---|---|---|---|
||**No**||**No**||
|Employees||12||15|
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £32,860 (2019 - £29,584).
## **11 Independent examiner's remuneration**
|Examination of the financial statements|**2020**
**£**
1,896|**2019**
**£**
1,800|
|---|---|---|
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Tangible fixed assets**
|**Cost**
Additions
At 31 August 2020
**Depreciation**
Charge for the year
At 31 August 2020
**Net book value**
At 31 August 2020|**Office**
**equipment**
**£**
1,415
1,415
283
283
1,132|**Total**
**£**
1,415|
|---|---|---|
|||1,415|
|||283|
|||283|
|||1,132|
Page 16
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **14 Debtors**
|Trade debtors
Prepayments
**15 Cash and cash equivalents**
Cash on hand
Cash at bank|**2020**
**£**
3,028
52
3,080
**2020**
**£**
118
51,607
51,725|**2019**
**£**
4,470
-|
|---|---|---|
|||4,470|
|||**2019**
**£**
41
34,436|
|||34,477|
## **16 Creditors: amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals|**2020**
**£**
1,845
1,018
400
2,159
5,422|**2019**
**£**
201
787
347
2,781|
|---|---|---|
|||4,116|
## **17 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,730 (2019 - £1,199).
Contributions totalling £(400) (2019 - £(347)) were payable to the scheme at the end of the year and are included in creditors.
Page 17
## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
|**18 Funds**
**Unrestricted funds**
**_General_**
General
**Restricted funds**
Job Retention Scheme
Tesco Bags of Help
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
General|**Balance at 1**
**September**
**2019**
**£**
34,831
-
-
-
34,831
**Balance at 1**
**September**
**2018**
**£**
48,088|**Incoming**
**resources**
**£**
151,572
9,954
1,166
11,120
162,692
**Incoming**
**resources**
**£**
141,678|**Resources**
**expended**
**£**
(137,054)
(9,954)
-
(9,954)
(147,008)
**Resources**
**expended**
**£**
(154,935)|**Balance at 31**
**August 2020**
**£**
49,349
-
1,166|
|---|---|---|---|---|
|||||1,166|
|||||50,515|
|||||**Balance at 31**
**August 2019**
**£**
34,831|
The specific purposes for which the funds are to be applied are as follows:
Job Retention Scheme - represents emergency Government funding to support unfunded staff costs during the Covid 19 crisis.
Tesgo Bags of Help - represents funding received towrds the Ready, Steady ,,,, Grow! garden area in Titchfield
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## **Jigsaw Pre-School (Western Wards)**
## **Notes to the Financial Statements for the Year Ended 31 August 2020**
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,132
53,639
(5,422)
49,349|**Restricted**
**funds**
**£**
-
1,166
-
1,166|**Total funds**
**£**
1,132
54,805
(5,422)|
||||50,515|
## **20 Non-adjusting events after the financial period**
The worldwide pandemic caused by Covid 19 and the subsequent lockdowns have had serious implications for the Charity. Funding from Local Government is currently continuing and the Trustees are ensuring that the Charity benefits from all support to which it is eligible. However given the nature of the crisis the level of uncertainty for the future remains.
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