REGISTERED COMPANY NUMBER: 06615346 (England and Wales) REGISTERED CHARITY NUMBER: 1130200
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
Great Clacton PreSchool Limited
Goody Chartered Accountants and Tax Advisors Unit 8 Old Forge Court Colchester Road Elmstead Market Colchester Essex CO7 7EA
Great Clacton PreSchool Limited
Contents of the Financial Statements for the Year Ended 31 August 2021
| 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 |
Great Clacton PreSchool Limited
Report of the Trustees for the Year Ended 31 August 2021
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
We work hard to be inclusive to all our families and children. To provide stimulating Activities so that all children are able to make progress at their own pace, regarding of their starting point
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Great Clacton Preschool continued to offer care and education throughout the covid lockdown. All children who were registered with the setting were allowed to attend, not just key worker or vulnerable children. We continued to work with outside agencies SALT, Paediatrics and Family support. All staff have continued with their CPD.
FINANCIAL REVIEW
Financial position
We have maintained a good waiting list and have received funding for the children attending. We applied for 1-1 funding for some of our SEN children which helped to pay for the extra staff hours.
We were still unable to do any fundraising due to parents not coming into the premises and our not being able to use the schools facilities.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06615346 (England and Wales)
Registered Charity number
1130200
Registered office
60 Redbridge Road Clacton on Sea Essex CO15 4UN
Trustees
C Madge Mrs S I Mcfall Ms M J Moore Mrs C J Revell
Company Secretary
Mrs M J Byrne
Page 1
Great Clacton PreSchool Limited
Report of the Trustees for the Year Ended 31 August 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Ms S Goody FCA Goody Chartered Accountants and Tax Advisors Unit 8 Old Forge Court Colchester Road Elmstead Market Colchester Essex CO7 7EA
Approved by order of the board of trustees on 14 May 2022 and signed on its behalf by:
Mrs S I Mcfall - Trustee
Page 2
Independent Examiner's Report to the Trustees of Great Clacton PreSchool Limited
Independent examiner's report to the trustees of Great Clacton PreSchool 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
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.
Ms S Goody FCA Goody Chartered Accountants and Tax Advisors Unit 8 Old Forge Court Colchester Road Elmstead Market Colchester Essex CO7 7EA
14 May 2022
Page 3
Great Clacton PreSchool 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 - Charitable activities Charitable activities 110,356 Other income 500 Total 110,856 EXPENDITURE ON Charitable activities Charitable activities 118,558 NET INCOME/(EXPENDITURE) (7,702) RECONCILIATION OF FUNDS Total funds brought forward 38,229 TOTAL FUNDS CARRIED FORWARD 30,527 |
31.8.20 Total funds £ 2 106,649 10,000 |
|---|---|
| 116,651 108,540 |
|
| 8,111 30,118 |
|
| 38,229 |
The notes form part of these financial statements
Page 4
Great Clacton PreSchool Limited
Balance Sheet
31 August 2021
| 31.8.21 | 31.8.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 9,251 | 10,547 |
| CURRENT ASSETS | |||
| Debtors | 7 | - | 158 |
| Cash at bank | 22,703 | 29,005 | |
| 22,703 | 29,163 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (1,427) | (1,481) |
| NET CURRENT ASSETS | 21,276 | 27,682 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 30,527 | 38,229 | |
| NET ASSETS | 30,527 | 38,229 | |
| FUNDS | 9 | ||
| Unrestricted funds | 30,527 | 38,229 | |
| TOTAL FUNDS | 30,527 | 38,229 |
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
- (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 14 May 2022 and were signed on its behalf by:
S I Mcfall - Trustee
The notes form part of these financial statements
Page 5
Great Clacton PreSchool 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.8.21 | 31.8.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,830 | 2,153 |
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continued...
Great Clacton PreSchool Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
3. 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.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Pre-school staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Other income Total EXPENDITURE ON Charitable activities Charitable activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.21 31.8.20 8 8 Unrestricted fund £ 2 106,649 10,000 116,651 108,540 8,111 30,118 38,229 |
31.8.21 31.8.20 8 8 Unrestricted fund £ 2 106,649 10,000 116,651 108,540 8,111 30,118 38,229 |
|---|---|---|
| 116,651 108,540 |
||
| 8,111 30,118 |
||
| 38,229 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
Great Clacton PreSchool Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Long | Plant and | |||
| leasehold | machinery | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2020 | 2,000 | 26,080 | 28,080 | |
| Additions | - | 534 | 534 | |
| At 31 August 2021 | 2,000 | 26,614 | 28,614 | |
| DEPRECIATION | ||||
| At 1 September 2020 | - | 17,533 | 17,533 | |
| Charge for year | - | 1,830 | 1,830 | |
| At 31 August 2021 | - | 19,363 | 19,363 | |
| NET BOOK VALUE | ||||
| At 31 August 2021 | 2,000 | 7,251 | 9,251 | |
| At 31 August 2020 | 2,000 | 8,547 | 10,547 | |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Prepayments | - | 158 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Trade creditors | 54 | 47 | ||
| Social security and other taxes | 704 | 765 | ||
| Accrued expenses | 669 | 669 | ||
| 1,427 | 1,481 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,229 | (7,702) | 30,527 | |
| TOTAL FUNDS | 38,229 | (7,702) | 30,527 |
continued...
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Great Clacton PreSchool Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 110,856 110,856 |
Resources Movement expended in funds £ £ (118,558) (7,702) (118,558) (7,702) |
Resources Movement expended in funds £ £ (118,558) (7,702) (118,558) (7,702) |
|---|---|---|---|
| (7,702) |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,118 | 8,111 | 38,229 |
| TOTAL FUNDS | 30,118 | 8,111 | 38,229 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 116,651 116,651 |
Resources Movement expended in funds £ £ (108,540) 8,111 (108,540) 8,111 |
Resources Movement expended in funds £ £ (108,540) 8,111 (108,540) 8,111 |
|---|---|---|---|
| 8,111 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,118 | 409 | 30,527 |
| TOTAL FUNDS | 30,118 | 409 | 30,527 |
continued...
Page 9
Great Clacton PreSchool Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
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 £ 227,507 227,507 |
Resources Movement expended in funds £ £ (227,098) 409 (227,098) 409 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 10
Great Clacton PreSchool Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 |
||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Fees from voucher agency | - | 2 |
| Charitable activities | ||
| Fees from parents | 13,323 | 9,383 |
| Fees from voucher agency | 97,033 | 97,266 |
| 110,356 | 106,649 | |
| Other income | ||
| Grants | 500 | 10,000 |
| Total incoming resources | 110,856 | 116,651 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Wages | 101,819 | 93,099 |
| Premises costs | 6,281 | 4,957 |
| Insurance | 862 | 856 |
| Milk and catering | 907 | 1,445 |
| Administration | 623 | 1,035 |
| Training | 234 | 252 |
| Sundries | 836 | 655 |
| Consumables | 2,689 | 1,930 |
| 114,251 | 104,229 | |
| Finance | ||
| Depreciation of tangible fixed assets | 1,830 | 2,154 |
| Governance costs | ||
| Accountancy and legal fees | 2,477 | 2,157 |
| Total resources expended | 118,558 | 108,540 |
| Net (expenditure)/income | (7,702) | 8,111 |
This page does not form part of the statutory financial statements
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