REGISTERED COMPANY NUMBER: 06631653 (England and Wales) REGISTERED CHARITY NUMBER: 1128798
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2020
for
Sticky Fish Pre-School
Tony Dicker & Co Chartered Accountants 29 Courtenay Road Keynsham Bristol BS31 1JU
Sticky Fish Pre-School
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Sticky Fish Pre-School
Report of the Trustees for the Year Ended 31 August 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects are to advance education of children primarily under statutory school age in accordance with Christian principles by such means as the trustees may consider appropriate including establishing and/or operating any educational establishments within Bristol and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit and particularly by providing Christian based high quality early years education as a service to the local community together with parenting support for the families involved.
ACHIEVEMENT AND PERFORMANCE Charitable activities
Public benefit
Sticky Fish Pre-school operates at Fishponds Baptist Church for five sessions per week Monday-Friday, from 9.00 am until 2.30 pm. It is an inclusive pre-school welcoming all children from the local community and offering a happy, safe and caring environment. Sticky Fish pre-school aims to develop the children learning potential through play and planned activities in preparation for school and to develop their social skills whilst having fun with other children and adults.
FINANCIAL REVIEW
Investment policy and objectives
It is the policy of the Charity to hold any monies and investments in instant access or short notice bank accounts.
Reserves policy
It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level sufficient to cover anticipated short-term requirements.
At 31st August 2020, reserves were £82,635 compared with £78,996 at 31st August 2019. This higher level of reserves is considered appropriate at this time as it would cover one year's worth of operating costs going forward. In addition, the plans for the construction of a new wild/forest area on site with anticipated costs of between £7,000 and £8,000 are now being put into place. During the year expenditure of £1,192 has been incurred on this project and is included in the total for teaching resources shown in the detailed statement of financial activities on page 11 of these accounts.
During the year the charity received a sum of £2,095 in respect of government grants under the Corona Virus Job Retention Scheme.These grants have been treated as restricted funds and have been expended on staff salaries.
The statement of financial activities for the period is set out on page 4. Upon incorporation the charity received all of the net assets and all of the activities of an unincorporated play group of the same name as the Charity. The net assets were transferred by way of a gift that enable the Charity to commence operating immediately. The results for the period and the financial position at the end of the period were considered satisfactory by the directors.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
Day to day decision making is done by the Pre-school manager. Key decisions are made collectively by the directors.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06631653 (England and Wales)
Page 1
Sticky Fish Pre-School
Report of the Trustees for the Year Ended 31 August 2020
Registered Charity number 1128798
Registered office 29 Courtenay Road Keynsham Bristol BS31 1JU
Trustees E Tomlinson J Keenan R Wyatt B Bennett B M Bufton (resigned 18.1.20) Mrs D Bailey
Independent Examiner Mr A R Dicker FCA Tony Dicker & Co Chartered Accountants 29 Courtenay Road Keynsham Bristol BS31 1JU
Approved by order of the board of trustees on 28 May 2021 and signed on its behalf by:
E Tomlinson - Trustee
Page 2
Independent Examiner's Report to the Trustees of Sticky Fish Pre-School
Independent examiner's report to the trustees of Sticky Fish Pre-School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
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 the Company 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
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
-
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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr A R Dicker FCA Tony Dicker & Co Chartered Accountants 29 Courtenay Road Keynsham Bristol BS31 1JU
28 May 2021
Page 3
Sticky Fish Pre-School
Statement of Financial Activities for the Year Ended 31 August 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,308 Other trading activities 2 7,430 Investment income 3 32 Other income 74,409 Total 83,179 EXPENDITURE ON Raising funds - Charitable activities Provision of pre-school activities 79,540 Total 79,540 NET INCOME 3,639 RECONCILIATION OF FUNDS Total funds brought forward 75,484 TOTAL FUNDS CARRIED FORWARD 79,123 |
Restricted fund £ 2,095 - - - 2,095 - 2,095 2,095 - 3,512 3,512 |
31.8.20 Total funds £ 3,403 7,430 32 74,409 85,274 - 81,635 81,635 3,639 78,996 82,635 |
31.8.19 Total funds £ 796 6,545 41 85,594 92,976 - 82,764 82,764 10,212 68,784 78,996 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Sticky Fish Pre-School
Balance Sheet
31 August 2020
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 - CURRENT ASSETS Cash at bank 79,542 CREDITORS Amounts falling due within one year 8 (419) NET CURRENT ASSETS 79,123 TOTAL ASSETS LESS CURRENT LIABILITIES 79,123 NET ASSETS 79,123 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 3,512 - 3,512 3,512 3,512 |
31.8.20 Total funds £ - 83,054 (419) 82,635 82,635 82,635 79,123 3,512 82,635 |
31.8.19 Total funds £ 607 79,324 (935) 78,389 78,996 78,996 75,484 3,512 78,996 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 May 2021 and were signed on its behalf by:
E Tomlinson - Trustee
The notes form part of these financial statements
Page 5
Sticky Fish Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Outdoor play area - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Fees | 7,430 | 6,545 |
continued...
Page 6
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Deposit account interest | 32 | 41 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| Depreciation - owned assets | 607 | 1,207 |
| Other operating leases | 5,716 | 8,206 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
The directors receive no fees, emoluments, expenses or other benefits for directors services. However, the PreSchool Manager, Elizabeth Tomlinson, who is a director, is paid on the same basis and rate as other employees, whilst carrying out duties for the pre-school group. For this work during the period she was paid £10389 (2019£10,820.)
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| Nursery assistants No employees received emoluments in excess of £60,000. TANGIBLE FIXED ASSETS COST At 1 September 2019 and 31 August 2020 DEPRECIATION At 1 September 2019 Charge for year At 31 August 2020 NET BOOK VALUE At 31 August 2020 At 31 August 2019 |
Outdoor play area £ 33,204 32,597 607 33,204 - 607 |
31.8.20 9 Computer equipment £ 4,410 4,410 - 4,410 - - |
31.8.19 9 Totals £ 37,614 |
|---|---|---|---|
| 37,007 607 |
|||
| 37,614 | |||
| - | |||
| 607 |
continued...
Page 7
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.9.19 £ 75,484 3,512 78,996 Incoming resources £ 83,179 2,095 85,274 At 1.9.18 £ 64,751 4,033 68,784 |
31.8.20 31.8.19 £ £ 101 100 (252) 265 570 570 419 935 Net movement At in funds 31.8.20 £ £ 3,639 79,123 - 3,512 3,639 82,635 Resources Movement expended in funds £ £ (79,540) 3,639 (2,095) - (81,635) 3,639 Net movement At in funds 31.8.19 £ £ 10,733 75,484 (521) 3,512 10,212 78,996 |
|---|---|---|
continued...
Page 8
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 92,976 - 92,976 |
Resources Movement expended in funds £ £ (82,243) 10,733 (521) (521) (82,764) 10,212 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.9.18 £ 64,751 4,033 68,784 |
Net movement in funds £ 14,372 (521) 13,851 |
At 31.8.20 £ 79,123 3,512 82,635 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 176,155 2,095 178,250 |
Resources Movement expended in funds £ £ (161,783) 14,372 (2,616) (521) (164,399) 13,851 |
|---|---|---|
continued...
Page 9
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
Page 10
Sticky Fish Pre-School
Detailed Statement of Financial Activities for the Year Ended 31 August 2020
| Detailed Statement of Financial Activities for the Year Ended 31 August 2020 |
|||
|---|---|---|---|
| 31.8.20 | 31.8.19 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Gifts | (1) | 2 | |
| Donations and sundry income | 1,309 | 794 | |
| Grants | 2,095 | - | |
| 3,403 | 796 | ||
| Other trading activities | |||
| Fees | 7,430 | 6,545 | |
| Investment income | |||
| Deposit account interest | 32 | 41 | |
| Other income | |||
| LEA Grants received | 74,409 | 85,594 | |
| Total incoming resources | 85,274 | 92,976 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Wages | 67,789 | 63,797 | |
| Support costs | |||
| Management | |||
| Child support- World Vision | 198 | 346 | |
| Teaching resources & sundries | 4,361 | 4,494 | |
| Course fees | 138 | 1,084 | |
| Independent examiners fee | 570 | 570 | |
| Depn of outdoor play area | 607 | 1,207 | |
| 5,874 | 7,701 | ||
| Governance costs | |||
| Other operating leases | 5,716 | 8,206 | |
| Insurance | 731 | 928 | |
| Telephone | 238 | 276 | |
| Website costs | 409 | 301 | |
| Sundries | 158 | 403 | |
| Accountancy and legal fees | 504 | 504 | |
| Advertsising | 216 | 648 | |
| Total resources expended | 7,972 81,635 |
11,266 82,764 |
|
| Net income | 3,639 | 10,212 |
This page does not form part of the statutory financial statements
Page 11