REGISTERED COMPANY NUMBER: 06256239 (England and Wales) REGISTERED CHARITY NUMBER: 1128799
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
The Hollies Pre-School Limited
Nolan James Ltd Chartered Accountants Suite 1 Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
The Hollies Pre-School Limited
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
The Hollies Pre-School Limited
Report of the Trustees
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 2021. 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 Hollies Pre-School is established to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
Public benefit
When planning activities for the year the Pre-School has considered the Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The pre-school holds an Outstanding Ofsted accreditation from 2020 demonstrating its continued commitment to provide a safe and happy environment where children can grow and learn under the guidance and supervision of dedicated and caring staff. The high quality and consistency of teaching benefits predominantly preschool age children from the local area and the pre-school also provides after school care for local children up to the age of 11.
The pre-school encourages children to learn about other cultures through its special link with a primary school in Uganda.
FINANCIAL REVIEW
Reserves policy
Due to the pandemic, there was no commitment for any extra spend in 20-21.
QuickBooks financial software has been introduced during accounting year 21-22. This will enable senior managers/ directors the ability to access live financial data, implement budgets within the cost codes departments to help analyse spend/revenue and streamline how we interact with our accountancy practice Nolan James Limited.
We are liaising with Lower Park (LP) regarding ongoing underground drain problems between the two properties as it is a joint issue. We have incurred costs in this financial year to unblock drains and have them investigated and pending the outcome of the drain surveys could be quite costly to remedy.
The Hollies pay for all the staffs DBS update services and have also supported a member of staff during this financial year to gain a new NVQ.
It is the policy of the charity to maintain unrestricted funds at a level to meet the unrestricted expenditure for the following twelve months. This would then provide sufficient funds to cover the management, administration and support costs. At the balance sheet date, the charity had unrestricted reserves carried forward of (2020: The reserves not invested in tangible fixed assets are needed to meet the working capital requirements of the pre-school. As well as operational income, the charity also has an active fund raising committee which helps to boost the funds available to the charity to invest in its facilities and equipment.
Page 1
The Hollies Pre-School Limited
Report of the Trustees
FUTURE PLANS
The charity plans to continue the activities outlined above in the forthcoming years. The board of trustees continue to review and facilitate the necessary improvements and repairs required to the existing buildings and will plan future budgets accordingly.
Due to the current economic climate, we need to be aware of rising labour staff costs/running costs and staff retention to ensure the setting continues to thrive.
We are looking into exploring the possibility of securing a grant via Cheshire East in relation to the new planned local housing development (Elan Homes).
The charity plans to purchase iPads for the children as we currently have no IT available in the setting for them to utilise and enjoy, fund raising events are planned to help contribute and pay for this equipment.
In the long term funds will be required to deliver a further new building to replace the older facilities on the site. However, due to the recent investment, there is no imminent requirement for significant spend.
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.
Recruitment and appointment of new trustees
The appointment of trustees is by the board and the requirement is for a minimum of 3 trustees.
Organisational structure
The board of trustees have responsibility for all the major decisions of the charity. Beneath the board are three supervisors who take responsibility for the day to day running of the pre-school, two of which cover the pre-education side and one who covers the administrative duties. The staff are made up of both qualified and unqualified pre-school workers.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06256239 (England and Wales)
Registered Charity number
1128799
Registered office
Hazel Badge Road Poynton Stockport Cheshire SK12 1HE
Trustees
A Gatenby (resigned 28.9.20) D A Felton Hr Consultant S Horseman Internal Auditor (resigned 16.8.21) E M Little Accountant (resigned 16.8.21) M Morrison Solicitor (appointed 28.9.20) R Whittaker Finance Director (appointed 28.9.20) (resigned 11.3.21) C Wright Hr Consultant (resigned 30.9.20) K Wyart Healthcare Manager (appointed 28.9.20) S Carter Accountant (resigned 16.8.21) M G Deignan (appointed 1.9.21) K Scotchford (appointed 28.9.21) K Thornewill (appointed 28.9.21)
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The Hollies Pre-School Limited
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Nolan James Ltd Chartered Accountants Suite 1 Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
Approved by order of the board of trustees on 23 May 2022 and signed on its behalf by:
M G Deignan - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Hollies Pre-School Limited
Independent examiner's report to the trustees of The Hollies Pre-School Limited ('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 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Chartered Certified Accountants which is one of the listed bodies.
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
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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 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.
Karen L Nolan FCCA Association of Chartered Certified Accountants Nolan James Ltd Chartered Accountants Suite 1 Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
24 May 2022
Page 4
The Hollies Pre-School Limited
Statement of Financial Activities for the Year Ended 31 August 2021
| 31.8.21 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 193 Charitable activities Pre-school care & education 281,736 Other trading activities 2 747 Investment income 3 20 Other income 6,757 Total 289,453 EXPENDITURE ON Raising funds 346 Charitable activities Pre-school care & education 259,113 Other 15,021 Total 274,480 NET INCOME/(EXPENDITURE) 14,973 RECONCILIATION OF FUNDS Total funds brought forward 257,607 TOTAL FUNDS CARRIED FORWARD 272,580 |
31.8.20 Total funds 1,872 220,140 2,649 206 16,256 241,123 761 227,523 46,258 274,542 (33,419) 291,026 257,607 |
|---|---|
The notes form part of these financial statements
Page 5
The Hollies Pre-School Limited
Balance Sheet
31 August 2021
| 31.8.21 | 31.8.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 8 | 59,091 | 74,153 |
| CURRENT ASSETS | |||
| Debtors | 9 | 815 | 251 |
| Cash at bank and in hand | 251,909 | 214,722 | |
| 252,724 | 214,973 | ||
| CREDITORS | |||
| Amounts falling due within one year | 10 | (39,235) | (31,519) |
| NET CURRENT ASSETS | 213,489 | 183,454 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 272,580 | 257,607 | |
| NET ASSETS | 272,580 | 257,607 | |
| FUNDS | 11 | ||
| Unrestricted funds | 272,580 | 257,607 | |
| TOTAL FUNDS | 272,580 | 257,607 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 23 May 2022 and were signed on its behalf by:
M G Deignan - Trustee
The notes form part of these financial statements
Page 6
The Hollies Pre-School Limited
Notes to the Financial Statements
for the Year Ended 31 August 2021
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.
Governance costs
Governance costs include the costs of governance arrangements, which relate to the general running of the charity as opposed to the direct management functions.These activities provide the governance infrastructure, which allows the charity to operate, and to generate the information required for public accountability. Expenditure includes direct costs such as audit and legal advice and related support costs.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost - Plant and machinery 25% on reducing balance - Fixtures and fittings 25% on reducing balance
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Government grants
Grants received under the Coronavirus Job Retention Scheme to reimburse a proportion of wages costs for certain employees who have been asked to temporarily stop work are recognised within other income when the grant proceeds are receivable.
continued...
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Fundraising events | 31.8.21 747 |
31.8.20 2,649 |
| INVESTMENT INCOME | ||
| Deposit account interest | 31.8.21 20 |
31.8.20 206 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Depreciation - owned assets | 31.8.21 15,062 |
31.8.20 16,258 |
| Other operating leases | 8,000 | 8,000 |
| Surplus on disposal of fixed assets | (40) | - |
3.
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Childcare Administration |
31.8.21 25 1 26 |
31.8.20 26 1 |
|---|---|---|
| 27 |
continued...
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS FROM | fund | ||||
| Donations and legacies | 1,872 | ||||
| Charitable activities | |||||
| Pre-school care & education | 220,140 | ||||
| Other trading activities | 2,649 | ||||
| Investment income | 206 | ||||
| Other income | 16,256 | ||||
| Total | 241,123 | ||||
| EXPENDITURE ON | |||||
| Raising funds | 761 | ||||
| Charitable activities | |||||
| Pre-school care & education | 227,523 | ||||
| Other | 46,258 | ||||
| Total | 274,542 | ||||
| NET INCOME/(EXPENDITURE) | (33,419) | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 291,026 | ||||
| TOTAL FUNDS CARRIED FORWARD | 257,607 | ||||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Short | Plant and | and | |||
| COST | leasehold | machinery | fittings | Totals | |
| At 1 September 2020 and 31 August 2021 | 107,393 | 17,827 | 28,856 | 154,076 | |
| DEPRECIATION | |||||
| At 1 September 2020 | 49,797 | 10,159 | 19,967 | 79,923 | |
| Charge for year | 10,740 | 2,100 | 2,222 | 15,062 | |
| At 31 August 2021 | 60,537 | 12,259 | 22,189 | 94,985 | |
| NET BOOK VALUE | |||||
| At 31 August 2021 | 46,856 | 5,568 | 6,667 | 59,091 | |
| At 31 August 2020 | 57,596 | 7,668 | 8,889 | 74,153 |
continued...
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accrued expenses 11. MOVEMENT IN FUNDS At 1.9.20 Unrestricted funds General fund 257,607 TOTAL FUNDS 257,607 Net movement in funds, included in the above are as follows: Incoming resources Unrestricted funds General fund 289,453 TOTAL FUNDS 289,453 Comparatives for movement in funds At 1.9.19 Unrestricted funds General fund 291,026 TOTAL FUNDS 291,026 |
31.8.21 31.8.20 815 251 31.8.21 31.8.20 357 - 38,878 31,519 39,235 31,519 Net movement At in funds 31.8.21 14,973 272,580 14,973 272,580 Resources Movement expended in funds (274,480) 14,973 (274,480) 14,973 Net movement At in funds 31.8.20 (33,419) 257,607 (33,419) 257,607 |
|---|---|
continued...
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources 241,123 241,123 |
Resources Movement expended in funds (274,542) (33,419) (274,542) (33,419) |
Resources Movement expended in funds (274,542) (33,419) (274,542) (33,419) |
|---|---|---|---|
| (33,419) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.19 291,026 291,026 |
Net movement in funds (18,446) (18,446) |
At 31.8.21 272,580 |
|---|---|---|---|
| 272,580 |
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 530,576 530,576 |
Resources Movement expended in funds (549,022) (18,446) (549,022) (18,446) |
Resources Movement expended in funds (549,022) (18,446) (549,022) (18,446) |
|---|---|---|---|
| (18,446) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
13. AMOUNTS PAID TO INDEPENDENT EXAMINER
During the period payments were made to the independent examiner of for the independent examination of accounts and (2020 : for payroll & Coronavirus Job Retention Scheme Grant claims.
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| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Admission fees Support funding Other income Job retention scheme grant Total incoming resources EXPENDITURE Other trading activities Fundraising events Charitable activities Wages - Childcare Social security Pensions Insurance Light and heat Telephone Postage and stationery Advertising Sundries Books, equipment & materials Repairs & maintenance School dinners Milk Travel expenses Staff uniforms Staff training & courses Specialist Teaching Other Depreciation of tangible fixed assets Carried forward |
The Hollies Pre-School Limited Detailed Statement of Financial Activities 31.8.21 31.8.20 193 1,872 747 2,649 20 206 177,119 131,199 104,617 88,941 281,736 220,140 6,757 16,256 289,453 241,123 346 761 195,408 166,965 1,766 2,358 1,600 1,352 3,884 3,886 1,564 1,631 1,720 2,511 435 427 - 10 660 750 2,494 1,806 9,081 8,750 6,916 5,546 1,291 818 - 336 490 231 1,885 1,750 - 668 229,194 199,795 15,061 16,258 15,061 16,258 |
The Hollies Pre-School Limited Detailed Statement of Financial Activities 31.8.21 31.8.20 193 1,872 747 2,649 20 206 177,119 131,199 104,617 88,941 281,736 220,140 6,757 16,256 289,453 241,123 346 761 195,408 166,965 1,766 2,358 1,600 1,352 3,884 3,886 1,564 1,631 1,720 2,511 435 427 - 10 660 750 2,494 1,806 9,081 8,750 6,916 5,546 1,291 818 - 336 490 231 1,885 1,750 - 668 229,194 199,795 15,061 16,258 15,061 16,258 |
|---|---|---|
| 220,140 16,256 |
||
| 241,123 761 166,965 2,358 1,352 3,886 1,631 2,511 427 10 750 1,806 8,750 5,546 818 336 231 1,750 668 |
||
| 199,795 16,258 16,258 |
This page does not form part of the statutory financial statements
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The Hollies Pre-School Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| Other | 31.8.21 | 31.8.20 |
| Brought forward | 15,061 | 16,258 |
| Loss on sale of tangible fixed assets | (40) | - |
| Impairment losses for tangible fixed assets | - | 30,000 |
| 15,021 | 46,258 | |
| Support costs | ||
| Management | ||
| Wages | 12,871 | 11,490 |
| Other operating leases | 8,000 | 8,000 |
| 20,871 | 19,490 | |
| Governance costs | ||
| Accountancy and legal fees | 1,800 | 1,800 |
| Accountancy - Payroll costs | 3,850 | 4,505 |
| HR Consultancy fees | 2,160 | 180 |
| Recruitment fees | 175 | 1,209 |
| Affiliation fees & licences | 1,063 | 544 |
| 9,048 | 8,238 | |
| Total resources expended | 274,480 | 274,542 |
| Net income/(expenditure) | 14,973 | (33,419) |
This page does not form part of the statutory financial statements
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