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 2023
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 2023
| 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 2023
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 2023. 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 2023, reserves were £91,871 compared with £88,359 at 31st August 2022. This higher level of reserves is considered appropriate at this time as it would cover one year's worth of operating costs going forward.
The Trustees approved an increase in expenditure not exceeding £13,500 ( from £10,000 in 2022) for the creation of new shelters for the main garden and the wild garden in order to provide more extensive use of these areas during periods of inclement weather.During the year a sum of £13,171 was spent and that sum is being written off by way of depreciation over four years.
The statement of financial activities for the year is set out on page 4 Upon incorporation the Charity received all the net assets and took over all of the activities of an unincorporated play group of the same name as the Charity. The net assets were transferred by way of gift that enabled the Charity to commence operating immediately.
The results for the year and the financial position at the end of the year were considered satisfactory by the Trustees.
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.
Page 1
Sticky Fish Pre-School
Report of the Trustees for the Year Ended 31 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06631653 (England and Wales)
Registered Charity number
1128798
Registered office
29 Courtenay Road Keynsham Bristol BS31 1JU
Trustees
E Tomlinson J Keenan R Wyatt B Bennett Mrs D Bailey W L Tattersall (appointed 1.5.23)
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 20 March 2024 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 2023.
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
-
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
20 March 2024
Page 3
Sticky Fish Pre-School
Statement of Financial Activities for the Year Ended 31 August 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 673 Other trading activities 2 7,538 Investment income 3 140 Other income 108,600 Total 116,951 EXPENDITURE ON Raising funds 1,007 Charitable activities Provision of pre-school activities 109,627 Other 9 Total 110,643 NET INCOME 6,308 RECONCILIATION OF FUNDS Total funds brought forward 88,359 TOTAL FUNDS CARRIED FORWARD 94,667 |
Restricted fund £ - - - - - - - - - - 3,512 3,512 |
31.8.23 Total funds £ 673 7,538 140 108,600 116,951 1,007 109,627 9 110,643 6,308 91,871 98,179 |
31.8.22 Total funds £ 823 9,808 10 102,644 |
|---|---|---|---|
| 113,285 | |||
| - 108,039 - |
|||
| 108,039 | |||
| 5,246 86,625 |
|||
| 91,871 |
The notes form part of these financial statements
Page 4
Sticky Fish Pre-School
Balance Sheet
31 August 2023
| 31.8.23 | 31.8.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 7 | 14,566 | - | 14,566 | - | |
| CURRENT ASSETS | ||||||
| Cash at bank | 81,653 | 3,512 | 85,165 | 93,422 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 8 | (1,552) | - | (1,552) | (1,551) | |
| NET CURRENT ASSETS | 80,101 | 3,512 | 83,613 | 91,871 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 94,667 | 3,512 | 98,179 | 91,871 | ||
| NET ASSETS | 94,667 | 3,512 | 98,179 | 91,871 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | 94,667 | 88,359 | ||||
| Restricted funds | 3,512 | 3,512 | ||||
| TOTAL FUNDS | 98,179 | 91,871 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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
-
(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 20 March 2024 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 2023
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
31.8.23 31.8.22 £ £ Fees 7,538 9,808
Page 6
continued...
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Deposit account interest | 140 | 10 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,007 | - |
| Other operating leases | 9,586 | 9,189 |
5. TRUSTEES' REMUNERATION AND BENEFITS
The directors receive no fees, emoluments, expenses or other benefits for directors services. However, the Pre-School 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 £12,191 (2022- £13,047.)
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Nursery assistants Management |
31.8.23 7 2 9 |
31.8.22 8 - 8 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 7
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
7. TANGIBLE FIXED ASSETS
| Outdoor play area £ COST At 1 September 2022 33,204 Additions 13,171 At 31 August 2023 46,375 DEPRECIATION At 1 September 2022 33,204 Charge for year 823 At 31 August 2023 34,027 NET BOOK VALUE At 31 August 2023 12,348 At 31 August 2022 - 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses 9. MOVEMENT IN FUNDS At 1.9.22 £ Unrestricted funds General fund 88,359 Restricted funds Restricted fund 3,512 TOTAL FUNDS 91,871 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 116,951 TOTAL FUNDS 116,951 |
Computer equipment Totals £ £ 4,410 37,614 2,402 15,573 6,812 53,187 4,410 37,614 184 1,007 4,594 38,621 2,218 14,566 - - 31.8.23 31.8.22 £ £ 112 111 70 70 1,370 1,370 1,552 1,551 Net movement At in funds 31.8.23 £ £ 6,308 94,667 - 3,512 6,308 98,179 Resources Movement expended in funds £ £ (110,643) 6,308 (110,643) 6,308 |
Computer equipment Totals £ £ 4,410 37,614 2,402 15,573 6,812 53,187 4,410 37,614 184 1,007 4,594 38,621 2,218 14,566 - - 31.8.23 31.8.22 £ £ 112 111 70 70 1,370 1,370 1,552 1,551 Net movement At in funds 31.8.23 £ £ 6,308 94,667 - 3,512 6,308 98,179 Resources Movement expended in funds £ £ (110,643) 6,308 (110,643) 6,308 |
Totals £ 37,614 15,573 |
|---|---|---|---|
| 53,187 | |||
| 37,614 1,007 |
|||
| 38,621 | |||
| 14,566 | |||
| - | |||
| 6,308 |
continued...
Page 8
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.21 £ Unrestricted funds General fund 83,113 Restricted funds Restricted fund 3,512 TOTAL FUNDS 86,625 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 113,285 TOTAL FUNDS 113,285 A current year 12 months and prior year 12 months combined position is as follows: |
Net movement At in funds 31.8.22 £ £ 5,246 88,359 - 3,512 5,246 91,871 Resources Movement expended in funds £ £ (108,039) 5,246 (108,039) 5,246 |
Net movement At in funds 31.8.22 £ £ 5,246 88,359 - 3,512 5,246 91,871 Resources Movement expended in funds £ £ (108,039) 5,246 (108,039) 5,246 |
|---|---|---|
| 5,246 | ||
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.21 | in funds | 31.8.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 83,113 | 11,554 | 94,667 |
| Restricted funds | |||
| Restricted fund | 3,512 | - | 3,512 |
| TOTAL FUNDS | 86,625 | 11,554 | 98,179 |
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 TOTAL FUNDS |
Incoming resources £ 230,236 230,236 |
Resources Movement expended in funds £ £ (218,682) 11,554 (218,682) 11,554 |
Resources Movement expended in funds £ £ (218,682) 11,554 (218,682) 11,554 |
|---|---|---|---|
| 11,554 |
continued...
Page 9
Sticky Fish Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
Page 10
Sticky Fish Pre-School
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| Detailed Statement of Financial Activities for the Year Ended 31 August 2023 |
||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (1) | (1) |
| Donations and sundry income | 674 | 824 |
| 673 | 823 | |
| Other trading activities | ||
| Fees | 7,538 | 9,808 |
| Investment income | ||
| Deposit account interest | 140 | 10 |
| Other income | ||
| LEA Grants received | 108,600 | 102,644 |
| Total incoming resources | 116,951 | 113,285 |
| EXPENDITURE | ||
| Other trading activities | ||
| Depn of outdoor play area | 823 | - |
| Computer equipment | 184 | - |
| 1,007 | - | |
| Charitable activities | ||
| Wages | 90,587 | 86,136 |
| Support costs | ||
| Management | ||
| Child support- World Vision | 120 | 216 |
| Teaching resources & sundries | 5,853 | 9,072 |
| Course fees | 60 | 934 |
| Independent examiners fee | 690 | 570 |
| 6,723 | 10,792 | |
| Governance costs | ||
| Other operating leases | 9,586 | 9,189 |
| Insurance | 1,218 | 738 |
| Telephone | 461 | 270 |
| Sundries | 599 | 233 |
| Accountancy and legal fees | 462 | 546 |
| Advertsising | - | 135 |
| 12,326 | 11,111 | |
| Total resources expended | 110,643 | 108,039 |
| Net income | 6,308 | 5,246 |
This page does not form part of the statutory financial statements
Page 11