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 2021
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 2021.
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 appropriate and effective.
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 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
Over the last 12month period Jigsaw Pre-School (Western Wards) maintained its Good Ofsted Rating which is an achievement they are particularly proud of.
Jigsaw Pre-School (Western Wards) have set an objective to continue to maintain this rating in the coming year.
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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.
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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.
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Move the organisation to a position where it holds £70,000 free cash reserves.
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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 2021 free reserves stood at £24,031.
Covid 19 has significantly affected all of Jigsaw Pre-school (Western Wards) private income. Invoiced hours and fees are low and fundraising has been difficult.
Jigsaw’s financial proposal for the future is to run on a termly basis, keeping an eye on the incoming government funding and invoiced additional hours and fees
Plans for future periods
Aims and key objectives for future periods
In the future Jigsaw Pre-School (Western Wards) plan the following:-
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To conduct more fundraising activities when covid restrictions allow
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To provide additional training for Staff to ensure our main objectives are achieved.
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.
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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; 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 closely together to ensure the successful running of the Charity.
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.
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Jigsaw Pre-School (Western Wards)
Trustees' Report
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs J L Robinson Mrs J Bailey Mrs S H Millar Mrs K Collins-Hardman
Reference and Administrative Details
Registered Office: 26 Southampton Road Park Gate Southampton Hampshire SO31 6AF The charity is incorporated in 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
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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
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:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 25 May 2022 and signed on its behalf by:
Mrs K Collins-Hardman Trustee
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Jigsaw Pre-School (Western Wards)
Independent Examiner's Report to the trustees of Jigsaw Pre-School (Western Wards) ("the Company")
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity’s trustees of the Company (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:
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accounting records were not kept in respect of Jigsaw Pre-School (Western Wards) as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
25 May 2022
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Jigsaw Pre-School (Western Wards)
Statement of Financial Activities for the Year Ended 31 August 2021 (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 (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted £ 10,340 130,202 2 140,544 (164,578) (164,578) (24,034) (24,034) 49,349 25,315 |
Restricted £ 5,508 - - 5,508 (5,667) (5,667) (159) (159) 1,166 1,007 |
Total 2021 £ 15,848 130,202 2 146,052 (170,245) (170,245) (24,193) (24,193) 50,515 26,322 |
Total 2020 £ 16,120 146,561 11 |
|---|---|---|---|---|
| 162,692 | ||||
| (147,008) | ||||
| (147,008) | ||||
| 15,684 | ||||
| 15,684 34,831 |
||||
| 50,515 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
Jigsaw Pre-School (Western Wards)
(Registration number: 06625633) Balance Sheet as at 31 August 2021
| 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 |
2021 £ 1,281 212 31,080 31,292 (6,251) 25,041 26,322 1,007 25,315 26,322 |
2020 £ 1,132 3,080 51,725 |
|---|---|---|
| 54,805 (5,422) |
||
| 49,383 | ||
| 50,515 | ||
| 1,166 49,349 |
||
| 50,515 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
Jigsaw Pre-School (Western Wards)
(Registration number: 06625633) Balance Sheet as at 31 August 2021
For the financial year ending 31 August 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 25 May 2022 and signed on their behalf by:
Mrs J L Robinson Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
1 Charity status
The charity is limited by share capital, incorporated in 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
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.
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
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.
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
Tangible fixed assets
Individual fixed assets costing £400.00 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 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.
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
3 Income from donations and legacies
| Unrestricted General £ Grants (see note 4) Government grants 10,340 Grants from other charities - 10,340 4 Grants Unrestricted Funds £ Job Retention Scheme - Fareham Borough Council 9,620 Tesco Bags of Help - Apprenticeship grant 500 Covid 220 10,340 5 Income from charitable activities Hall St Johns |
Unrestricted General £ Grants (see note 4) Government grants 10,340 Grants from other charities - 10,340 4 Grants Unrestricted Funds £ Job Retention Scheme - Fareham Borough Council 9,620 Tesco Bags of Help - Apprenticeship grant 500 Covid 220 10,340 5 Income from charitable activities Hall St Johns |
Restricted £ 5,508 - 5,508 Restricted Funds £ 5,508 - - - 5,508 Unrestricted funds £ 72,844 57,358 130,202 |
Total 2021 £ 15,848 - 15,848 Total Funds 2021 £ 5,508 9,620 - 500 220 15,848 Total 2021 £ 72,844 57,358 130,202 |
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 |
||||||
| 10,340 | ||||||
| 146,561 |
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
6 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits 7 Expenditure on charitable activities Note Unrestricted funds £ Direct costs - Hall 1,631 Direct costs - St Johns 151 Staff costs 137,277 Allocated support costs 8 23,635 Governance costs 8 1,884 164,578 |
Unrestricted funds General £ 2 Restricted £ - - 5,508 159 - 5,667 |
Total 2021 £ 2 Total 2021 £ 1,631 151 142,785 23,794 1,884 170,245 |
Total 2020 £ 11 |
|---|---|---|---|
| Total 2020 £ 721 181 125,431 18,779 1,896 |
|||
| 147,008 |
£165,079 (2020 - £137,054) of the above expenditure was attributable to unrestricted funds and £5,667 (2020 - £9,954) to restricted funds.
8 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements |
Unrestricted funds General £ 1,884 1,884 |
Total 2021 £ 1,884 1,884 |
Total 2020 £ 1,896 |
|---|---|---|---|
| 1,896 |
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
Analysis of support costs
| Establishment costs Office expenses Printing postage and stationery Sundry costs Advertising Payroll Professional Fees Insurance Uniforms Depreciation |
Hall £ 5,839 217 53 960 - - - - - - 7,069 |
St Johns £ 6,574 217 11 448 - - - - - - 7,250 |
Overheads £ 660 2,495 1,587 766 322 1,000 405 1,550 299 391 9,475 |
Total 2021 £ 13,073 2,929 1,651 2,174 322 1,000 405 1,550 299 391 23,794 |
Total 2020 £ 9,296 2,470 1,061 2,550 240 966 110 1,690 113 283 |
|---|---|---|---|---|---|
| 18,779 |
9 Trustees remuneration and expenses
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||||
|---|---|---|---|---|
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Staff training |
2021 £ 135,599 3,104 2,280 1,802 142,785 |
2020 £ 120,952 1,927 1,730 822 |
||
| 125,431 |
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2021 | 2020 | |||
|---|---|---|---|---|
| No | No | |||
| Employees | 10 | 12 |
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 £44,747 (2020 - £32,860).
11 Independent examiner's remuneration
| Examination of the financial statements | 2021 £ 1,884 |
2020 £ 1,896 |
|---|---|---|
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
| Cost At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 |
Office equipment £ 1,415 540 1,955 283 391 674 1,281 1,132 |
Total £ 1,415 540 |
|---|---|---|
| 1,955 | ||
| 283 391 |
||
| 674 | ||
| 1,281 | ||
| 1,132 |
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
14 Debtors
| Trade debtors Prepayments 15 Cash and cash equivalents Cash on hand Cash at bank 16 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals |
2021 £ 138 74 212 2021 £ 69 31,011 31,080 2021 £ 1,911 1,018 513 2,809 6,251 |
2020 £ 3,028 52 |
|---|---|---|
| 3,080 | ||
| 2020 £ 118 51,607 |
||
| 51,725 | ||
| 2020 £ 1,845 1,018 400 2,159 |
||
| 5,422 |
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 £2,280 (2020 - £1,730).
Contributions totalling £(513) (2020 - £(400)) were payable to the scheme at the end of the year and are included in creditors.
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Jigsaw Pre-School (Western Wards)
Notes to the Financial Statements for the Year Ended 31 August 2021
| 18 Funds Unrestricted funds General General Restricted funds Job Retention Scheme Tesco Bags of Help Total restricted funds Total funds Unrestricted funds General General Restricted Job Retention Scheme Tesco Bags of Help Total restricted funds Total funds |
Balance at 1 September 2020 £ 49,349 - 1,166 1,166 50,515 Balance at 1 September 2019 £ 34,831 - - - 34,831 |
Incoming resources £ 140,544 5,508 - 5,508 146,052 Incoming resources £ 151,572 9,954 1,166 11,120 162,692 |
Resources expended £ (164,578) (5,508) (159) (5,667) (170,245) Resources expended £ (137,054) (9,954) - (9,954) (147,008) |
Balance at 31 August 2021 £ 25,315 - 1,007 |
|---|---|---|---|---|
| 1,007 | ||||
| 26,322 | ||||
| Balance at 31 August 2020 £ 49,349 - 1,166 |
||||
| 1,166 | ||||
| 50,515 |
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.
Tesco 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 2021
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 £ 1,281 30,285 (6,251) 25,315 |
Restricted funds £ - 1,007 - 1,007 |
Total funds at 31 August 2021 £ 1,281 31,292 (6,251) |
| 26,322 |
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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