Company Registeration Number: - 06622131 The Charity Registration Number: - 1133641
Watlington Pre-School Limited
Report and Accounts
Wednesday, August 31, 2022
Watlington Pre-School Limited
Report and accounts for the year ended 31 August 2021
Contents
| PAGE | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' Annual Report | 1 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 7 | |
| Statement of Financial Activities - Prior Year Statement | 8 | |
| Statement of Total Recognised Gains and Losses | 9 | |
| Movements In Funds | 10 | |
| Revaluation Reserves | 10 | |
| Revenue Funds | 10 | |
| Income and Expenditure Account | 11 | |
| Summary of Funds | 11 | |
| Balance Sheet | 12 | |
| Notes to the Accounts | 14 |
Company Registration Number: - 06622131
Watlington Pre-School Limited
Trustees' Annual Report For The Year Ended 31 August 2022
The Trustees present their Report and Accounts for the year ended 31 August 2022, which also comprises the Directors' Report required by the Companies Act 2006.
Reference and administrative details
The charity name
The legal name of the charity is: - Watlington Pre-School Limited
The charity is also known by its operating name: - Watlington Pre-School
The charity's areas operation and charitable registration
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1133641.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
The governing document is dated Tuesday, June 17, 2008
There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
PAGE 1
Company Registration Number: - 06622131
Watlington Pre-School Limited
Trustees' Annual Report For The Year Ended 31 August 2022
The principal operating address, telephone number, email and web addresses of the charity
Address: Rectory Lane Watlington Kings Lynn Norfolk PE33 0HU
Telephone: 01553 811035
The registered office of the charity for Companies Act purposes is:
DBA, The Union Building 51-59 Rose Lane Norwich NR1 1BY
The Trustees in office on the date the report was approved were:
Victoria Jane Wilkins Tracey Joanne Taylor Sarah Jo Oakley
The following persons served as Trustees during the year ended 31 August 2022:
The trustees who served as a trustee in the reporting period were as above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
Objects and activities of the Charity
The purpose of the charity as set out in its governing document:
Offering appropriate play, education and care facilities, together with the right of parents to take reposibility for and to become involved in the activities of such groups, ensuring opportunities are offered for all children whatever race, culturem religion, means or ability.
Encouraging the study of needs of such children and their familiesand promoting public interest in and recognition of such needs in local areas.
PAGE 2
Watlington Pre-School Limited
Company Registration Number: - 06622131
Trustees' Annual Report For The Year Ended 31 August 2022
The main activities undertaken in relation to those purposes during the year:
The main activities of the charity are the provision of preschool education and all day child care for 2-4 year olds. The charity operates from 8.30am to 3pm during school term time to provide all day care for working parents or sessional preschool education to meet Foundation Stage objectives.
The main activities undertaken during the year to further the charity's purpose for the public benefit:
The pre-school maintains a full regsiter of children. During the year to 31 August 2022 the preschool has continued to offer places for families that qualify for under 3 funding. In addition offering places to children both through access to funding and fee paying families.
Through Senco funding the preschool continues to offer additional assistance to children and families with special needs.
Finally, the Trustees have initiated a number of fund raising activities to provide the preschool with additional resources.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The main achievements and performance of the charity during the year:
The pre-school maintains a full register of children. During the year to 31 August 2022 the preschool has continued to offer places for families that qualify for under 3 funding in addition to offering places to children both through access to funding and fee paying families.
Through Senco funding the preschool continues to offer additional assistance to children and families with special needs.
Finally, the Trustees have initiated a number of fund raising activities to provide the preschool with addtional resources.
The difference the charity's performance during the year has made to the beneficiaries of the charity:
The children that attend the preschool continue to receive the support and education they require under the early years learning.
The degree to which the achievements and performance during the year have benefited wider society:
The Trustees are happy to report that the preschool is a important part of the village community in offering support to both children and parents as required not only as part of the preschool learning alliance.
PAGE 3
Watlington Pre-School Limited
Company Registration Number: - 06622131
Trustees' Annual Report For The Year Ended 31 August 2022
Structure, governace and management of the charity
The methods used to recruit and appoint new charity trustees:
New trustees are elected by the existing trustees.
All new trustees are selected through their involement with the children attending the Pre-school.
Bankers NatWest Accountants DB Accounting & Software Solutions Limited Bookkeepers MLJ Bookkeeping
Financial review
The charity's financial position at the end of the year ended 31 August 2022
The financial position of the charity at 31 August 2022 and comparativies for the prior period, as more fully detailed in the accounts, can be summarised as follows:
| Net income Restricted revenue funds Total Funds Unrestricted revenue funds avaliable for the general purposes of the charity |
2022 2021 £ £ 79) ( 1,854 24,237 23,359 69,778 69,857 46,498 45,541 |
|---|---|
Financial review of the position at the reporting date, 31 August 2022:
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Specific changes in fixed assets are detailed in the notes to the accounts.
Policies on reserves
The trustees are mindful that adequate reserves must be maintained to allow the Pre-School to remain open.
With this in mind they are maintaining adequate reserves to ensure that the mobile can be kept maintained and that the wages can be paid at all times.
PAGE 4
Watlington Pre-School Limited
Company Registration Number: - 06622131
Trustees' Annual Report For The Year Ended 31 August 2022
Availability and adequacy of assets of each of the funds:
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of the independent examiner
Dan Bullock FMAAT Member of Accountants DBA The Union Building 51-59 Rose Lane Norwich Norfolk NR1 1BY
Statement of the Directors Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
PAGE 5
Watlington Pre-School Limited
Company Registration Number: - 06622131
Trustees' Annual Report For The Year Ended 31 August 2022
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 7 to 25.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issed in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).
These financial statements have beenprepared in accordance with the provisions in Part 15 of the Companies Act 2006 and applicable to companies subject to the small companies regime.
This report was approved by the Board of Trustees on
Tracey Joanne Taylor Director and Trustee
PAGE 6
Watlington Pre-School Limited
Company Registration Number: - 06622131
Statement of Financial Activities (including the income and expenditure account for the year ended 31 August 2022, as required by the Companies Act 2006)
| SORP Ref Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Investments A4 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Total expenditure B Net income for the year Net movement in funds Reconciliation of funds: E Total funds brought forward Total funds carried forward |
Current year Current year Current year Prior Year Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 12,642 1,154 13,796 20,582 96,306 - 96,306 91,780 9 - 9 2 |
|---|---|
| 108,957 1,154 110,111 112,364 |
|
| 1,065 - 1,065 808 108,849 276 109,125 109,702 |
|
| 109,914 276 110,190 110,510 |
|
| 957) ( 878 79) ( 1,854 |
|
| 957) ( 878 79) ( 1,854 |
|
| 46,498 23,359 69,857 68,003 |
|
| 45,541 24,237 69,778 69,857 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required.
All activities derive from continuing operations.
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 7
Company Registration Number: - 06622131
Watlington Pre-School Limited
Statement of Financial Activities (including the income and expenditure account for the year ended 31 August 2022, as required by the Companies Act 2006)
| SORP Ref Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus B3 Other taxation B3 Total expenditure B Net income for the year Net movement in funds Reconciliation of funds: E Total funds brought forward Total funds carried forward |
Prior Year Prior Year Prior Year Unrestricted Restricted Total Funds Funds Funds 2021 2021 2021 £ £ £ 19,009 1,573 20,582 91,780 - 91,780 - - - 2 - 2 - - - |
|---|---|
| 110,791 1,573 112,364 |
|
| 808 - 808 109,702 - 109,702 - - - - - - - - - |
|
| 110,510 - 110,510 |
|
| 281 1,573 1,854 |
|
| 281 1,573 1,854 |
|
| 46,217 21,786 68,003 |
|
| 46,498 23,359 69,857 |
All activities derive from continuing operations
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 8
Watlington Pre-School Limited
Company Registration Number: - 06622131
Resources applied in the year ended 31 August 2022
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities |
2022 2021 £ £ 79) ( 1,854 1,654) ( 5,977) ( 1,733) ( 4,123) ( |
|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 9
Watlington Pre-School Limited
Company Registration Number: - 06622131
Movements in revenue and capital funds for the year ended 31 August 2022
Revenue accumulated funds
| Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue funds Summary of funds Revenue accumulated funds |
Unrestricted Restricted Total Funds Funds Funds 2022 2022 2022 £ £ £ 46,498 23,359 69,857 45,541 24,237 69,778 45,541 24,237 69,778 Unrestricted & Restricted Total Designated funds funds funds 2022 2022 2022 £ £ £ 45,541 24,237 69,778 957) ( 878 79) ( |
Prior Year Total Funds 2021 £ 68,003 1,854 |
|---|---|---|
| 69,857 | ||
| 69,857 | ||
| Prior Year Total Funds 2021 £ 69,857 |
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 10
Watlington Pre-School Limited Company Registration Number: - 06622131
Income & Expenditure Account for the year ended 31 August 2022 as required by the Companies Act 2006
| Income Income from operations Investment income Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excl depreciation & amortisation Depreciation & amortisation Fundraising costs Realised losses on diposals of social investments Total expenditure in the year Net income before tax in the financial year Tax on surplus on ordinary activities Net income after tax in the financial year Retained surplus for the financial year All activities derive from continuing operations |
2022 2021 £ £ 110,102 112,362 9 2 |
|---|---|
| 110,111 112,364 |
|
| 110,111 112,364 |
|
| 106,576 107,099 2,549 2,603 1,065 808 - |
|
| 110,190 110,510 |
|
| 79) ( 1,854 - - |
|
| 79) ( 1,854 |
|
| 79) ( 1,854 |
|
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 11
Watlington Pre-School Limited
Company Registration Number: - 06622131
Balance Sheet as at 31 August 2022
| SORP Note Ref Fixed assets A Tangible assets 10 A2 Current assets B Debtors 11 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 12 C1 Net current assets The total net assets of the charity Restricted funds Restricted revenue funds 15 D2 Unrestricted funds Unrestricted revenue funds 15 D3 Total charity funds |
915 27,851 |
2022 £ 43,398 915 26,178 27,093 1,528) ( 26,380 69,778 23,359 24,237 46,498 45,541 69,778 |
2021 £ 44,292 25,565 |
|---|---|---|---|
| 28,766 2,387) ( |
|||
| 24,237 | |||
| 69,857 | |||
| 23,359 46,498 |
|||
| 45,541 | |||
| 69,857 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
PAGE 12
Company Registration Number: - 06622131
Watlington Pre-School Limited
Balance Sheet as at 31 August 2022
Tracey Joanne Taylor Trustee
Approved by the board of trustees on
The notes attached on pages 14 to 25 form integral parts of these accounts.
PAGE 13
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
1 Accounting policies
Policies relation to the production of the accounts.
Basis of preparation and accounting conventions
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Risks and future assumptions
The charity is a public benefit entity.
Policies relating to expenditure on goods and services provided to the charity
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision
is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 6.
PAGE 14
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
Policies relating to assets, liabiliies and provisions and other matters
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 2% reducing balance basis Plant and machinery 20% reducing balance basis Fixture & fittings 20% reducing balance basis
A regular annual review of the likelihood of asset impairment is undertaken.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Creditors are measured at their payable amounts at the balance sheet date.
Financial instruments including cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose.
PAGE 15
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
There are no financial instruments that have a significant impact the the charity's position
5 Net surplus before tax in the financial year
| Net surplus before tax in the financial year | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| The net surplus before tax in the financial year is stated after charging: | ||
| Depreciation of owned fixed assets | 2,549 | 2,603 |
| Pension costs | 3,238 | 3,006 |
6 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated.
The arrangements with volunteers are difficult to value precisely inmonetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
7 Staff costs and emoluments
| Staff costs and emoluments | ||
|---|---|---|
| 2022 | 2021 | |
| Salary costs | £ | £ |
| Gross salaries excluding trustees and key management personnel | 82,163 | 79,789 |
| Employer's operating costs of defined contribution pension schemes | 3,238 | 3,006 |
| 85,401 | 82,795 | |
| The average number of part time staff employed in the year was | 3 | 3 |
| The average number of full time staff employed in the year was | 4 | 4 |
| The estimated full time equivalent number of all staff employed in the year was | 7 | 7 |
| The estimated equivalent number of full time staff deployed in different activities in the year | was | |
| Engaged on charitable activities | 7 | 7 |
| The estimated full time equivalent number of all staff employed as above | 7 | 7 |
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
PAGE 16
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
8 Defined contribution pension schemes
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
9 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
10 Tangible fixed assets
| 10 Tangible fixed assets | ||
|---|---|---|
| Land & Plant & Fixture & Current year Buildings Machinery Fittings Total £ £ £ £ Cost At 1 September 2021 43,635 16,333 - 59,968 Additions - - 1,654 1,654 At 31 August 2022 43,635 16,333 1,654 61,622 Depreciation At 1 September 2021 6,744 8,931 - 15,675 Charge for the year 738 1,480 331 2,549 At 31 August 2022 7,482 10,411 331 18,224 Net book value At 31 August 2022 36,153 5,922 1,323 43,398 At 31 August 2021 36,891 7,402 - 44,293 11 Debtors 2022 2021 £ £ Trade debtors 715 715 Prepayments and accrued income 200 200 915 915 12 Creditors: amounts falling due within one year 2022 2021 £ £ Trade creditors 578 128) ( Accruals 480 915 PAYE, NIC, VAT and other taxes 1,329 741 2,387 1,528 |
Land & Plant & Fixture & Buildings Machinery Fittings Total £ £ £ £ 43,635 16,333 - 59,968 - - 1,654 1,654 |
|
| 43,635 16,333 |
1,654 61,622 |
|
| 6,744 8,931 738 1,480 |
- 15,675 331 2,549 |
|
| 7,482 10,411 |
331 18,224 |
|
| 36,153 5,922 |
1,323 43,398 |
|
| 36,891 7,402 |
- 44,293 |
|
| 2022 2021 £ £ 715 715 200 200 |
||
| 915 915 |
||
| 2022 2021 £ £ 578 128) ( 480 915 1,329 741 |
||
| 2,387 1,528 |
PAGE 17
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
| 13 Income and expenditure account summary At 1 September 2021 Surplus after tax for the year At 31 August 2022 |
2022 2021 £ £ 69,857 68,003 79) ( 1,854 |
|---|---|
| 69,778 69,857 |
14 Particulars of how particular funds are represented by assets and liabilities
| At 31 August 2022 Tangible fixed assets Current assets Current liabilities At 1 September 2021 Tangible fixed assets Current assets Current liabilities |
Unrestricted Designated Restricted Total funds funds funds funds £ £ £ £ 43,398 43,398 4,529 24,237 28,766 2,387) ( 2,387) ( |
|---|---|
| 45,541 - 24,237 69,778 |
|
| Unrestricted Designated Restricted Total funds funds funds funds £ £ £ £ 44,292 - - 44,292 3,734 - 23,359 27,093 1,528) ( - - 1,528) ( |
|
| 46,498 - 23,359 69,857 |
PAGE 18
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
15 Change in total funds over the year as shown in Note 14, analysed by individual funds
| Unrestricted and designated funds: Unrestricted Revenue Funds Total unrestricted & designated funds Restricted funds: Mobile funds Total restricted funds Total charity funds |
Funds b/f Movement in Transfers Funds c/f from 2021 funds in 2022 funds in 2022 to 2022 £ £ £ £ 46,498 957) ( - 45,541 |
|---|---|
| 46,498 957) ( - 45,541 |
|
| 23,359 878 - 24,237 |
|
| 23,359 878 - 24,237 |
|
| 69,857 79) ( - 69,778 |
16 Analysis of movements in funds over the year as shown in Note 15
| Unrestricted and designated funds: Unrestricted Revenue Funds Restricted funds: Mobile funds |
Other gains & Movement Income Expenditure losses in funds 2022 2022 2022 2022 £ £ £ £ 108,957 109,914) ( - 957) ( 1,154 276) ( - 878 |
|---|---|
| 110,111 110,190) ( - 79) ( |
PAGE 19
Watlington Pre-School Limited
Company Registration Number: - 06622131
Notes to the Accounts for the year ended 31 August 2022
17 The purposes for which the funds as
Unrestricted and designated funds:
Unrestricted Revenue Funds These funds are held for meeting the objectives of the charity provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
Restricted funds:
Mobile funds Funds relating to the purchase and maintenance of the pre-school mobile building
18 Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets if the compnay in the event of it being woundup while he or she is a member, or within one year after he or she ceases to be a member.
PAGE 20
Watlington Pre-School Limited
Company Registration Number: - 06622131
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
This analysis is classified by conventional nominal descriptions and not by activity
19 Donations, Grants and Legacies
| Donations, Grants and Legacies | ||||
|---|---|---|---|---|
| Current year | Current year | |||
| Unrestricted | Restricted | Current year | Prior Year | |
| Funds | Funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Donations and gifts from individuals | ||||
| Small donations individually less than | ||||
| £1,000 | 12,642 | 154 | 12,796 | 19,582 |
| Total donations & gifts from | ||||
| individuals | 12,642 | 154 | 12,796 | 19,582 |
| Revenue grants from government and public bodies | ||||
| Small grants individually less than | ||||
| £1,000 | - | 1,000 | 1,000 | 1,000 |
| Total public sector revenue grants | - | 1,000 | 1,000 | 1,000 |
| Total donations grants & legacies | 12,642 | 1,154 | 13,796 | 20,582 |
| Income from charitable activities - Trading Activities | ||||
| Current year | Current year | Current year | ||
| Unrestricted | Restricted | Current year | Prior Year | |
| Funds | Funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Primary purpose & ancillary trading | ||||
| Sale of goods & services in | ||||
| accordance with the charity's | 96,306 | - | 96,306 | 91,780 |
| objectives | ||||
| 96,306 | - | 96,306 | 91,780 |
20 Income from charitable activities - Trading Activities
PAGE 21
Watlington Pre-School Limited
Company Registration Number: - 06622131
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
21 Total income from charitable activities
| Current year Total income from charitable trading Total from charitable activities 22 Investment income Bank interest receivable Total investment income |
Current year Current year Unrestricted Restricted Current year Prior Year Funds Funds Total funds Total funds 2022 2022 2022 2021 £ £ £ £ 96,306 - 96,306 91,780 |
|---|---|
| 96,306 - 96,306 91,780 |
|
| 9 - 9 2 |
|
| 9 - 9 2 |
23 Expenditure on charitable activities - Direct spending
| Gross wages & salaries Defined contribution pension costs Cost of sales Total direct spending |
82,163 - 82,163 79,789 3,238 - 3,238 3,006 6,993 - 6,993 6,013 |
|---|---|
| 92,394 - 92,394 88,808 |
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Watlington Pre-School Limited
Company Registration Number: - 06622131
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
24 Support costs for charitable activities
| Current year | Current year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Current year | Prior Year | |
| Funds | Funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Employee costs not included in direct costs | ||||
| Training and welfare - staff | 262 | 262 | 141 | |
| Uniform | 806 | 806 | 936 | |
| Premises expenses | ||||
| Rates & water charges | 385 | 385 | 594 | |
| Room hire | 194 | 194 | 45 | |
| Light, heat & power | 3,173 | 3,173 | 1,803 | |
| Cleaning & waste management | 1,467 | 1,467 | 1,746 | |
| Premises repairs & maintenance | 703 | 276 | 979 | 344 |
| Other premises costs | 1,171 | 1,171 | 835 | |
| Administrative overheads | ||||
| Telephone, fax & internet | 619 | 619 | 662 | |
| Stationery & printing | 2,001 | 2,001 | 1,544 | |
| Membership subscriptions | 185 | 185 | 339 | |
| Equipment expenses | - | - | 70 | |
| Software licences & expenses | 1,176 | 1,176 | 480 | |
| Health & safety costs | 166 | 166 | 23 | |
| Liability & contents insurance | 852 | 852 | 1,140 | |
| Sundry expenses | 58 | 58 | 105 | |
| Equipment repairs & maintenance | - | - | 5,466 | |
| Professional fees paid to advisors | other than the auditor or examiner | |||
| Accountancy fees | 347 | 347 | 613 | |
| Bookkeeping | 1,405 | 1,405 | 1,405 | |
| Financial costs | ||||
| Depreciation & amortisation | 2,549 | 2,549 | 2,603 | |
| Support costs before reallocation | 17,520 | 276 | 17,796 | 20,894 |
| Total support costs - Current year | 17,520 | 276 | 17,796 | 20,894 |
The basis of allocation of costs between activities is described under accounting policies.
All expenditure in the prior year was unrestricted.
PAGE 23
Company Registration Number: - 06622131
Watlington Pre-School Limited
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
25 Total charitable expenditure
| Current Year Total direct spending B2a Total support costs B2d Total charitable expenditure B2 |
Current year Current year Unrestricted Restricted Current year Prior Year Funds Funds Total funds Total funds 2022 2022 2022 2021 £ £ £ £ 92,394 - 92,394 88,808 17,520 276 17,796 20,894 |
|---|---|
| 109,914 276 110,190 109,702 |
All the expenditure in the prior year was unrestricted.
| Prior Year Total direct spending B2a Total support costs B2d Total charitable expenditure B2 |
Prior Year Prior Year Unrestricted Restricted Prior Year Funds Funds Total funds 2021 2021 2021 £ £ £ 88,808 - 88,808 20,894 - 20,894 |
|---|---|
| 109,702 - 109,702 |
26 Expenditure on raising funds and costs of investment management
| Current year | Current year | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Current year | Prior Year | ||
| Current Year | Funds | Funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Funding publicity & marketing | 90 | 681 | |||
| Costs of seeking donations, grants & legacie | 1,035 | 127 | |||
| Total charitable expenditure | B1 | 1,125 | - | - | 808 |
All the expenditure in the prior year was unrestricted.
PAGE 24
Watlington Pre-School Limited
Company Registration Number: - 06622131
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
| 27 Analysis of income by activity Activity SOFA ref Income from charitable activities Summary of Total Income, including the items above Charitable activities A2 Donations & legacies A1 Investment income A4 Total income as shown in the SOFA A |
2022 2021 96,306 91,780 96,306 91,780 13,796 20,582 9 2 |
|---|---|
| 110,111 112,364 |
PAGE 25