Little Peoples Nursery
Report of the Trustees and Unaudited Financial Statements
For the year ended 15 May 2021
Little Peoples Nursery Contents Page For the year ended 15 May 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
Little Peoples Nursery Report of the Trustees
For the year ended 15 May 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 15 May 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objects are as a pre-school to enhance the development and education of children primarily under statutory schools age by encouraging parents to understand and provide for the needs of thgeir children through community groups by:
(a) offering appropriate play, education and care facilities, family learning and extended hour groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities fro all children whatever race, culture, religion, means or ability
(b) encouraging the study and needs of such children and their families and promoting public interest in and recognition of such needs in the local ares
(c) instigation and adhering to and furthering the aims and objectives of the Pre-School Alliance.
There has been no change in these during the year.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Achievements against objectives
The charity continued to provide a safe environment encouraging group play for pre-school aged children and promoting their education.
FINANCIAL REVIEW
During the year the charity's income increased by c1% whilst it's direct costs increased by c6% resulting in the small increase in surplus funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was established on the adoption of it's constitution on the 15th March 2007 and was registered with the Charities Commission as a charity on the 11 May 2010. A new constitition based upon the model provided by the Pre-School Learning Alliance was adopted at the Annual General Meeting on the 9th February 2012.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Little Peoples Nursery Principal address Birdsfoot Lane Luton Bedfordshire LU3 2DN
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiners
Dominique Contaldo Caroline Doyle TaxAssist Accountants 34 High Street Stevenage Hertfordshire SG1 3EF
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Little Peoples Nursery Report of the Trustees Continued For the year ended 15 May 2021
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Dominique Contaldo
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Little Peoples Nursery Independent Examiners Report to the Trustees
For the year ended 15 May 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 15 May 2021.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Institute of Financial 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 that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Brian Alexander
FFA FTA TaxAssist Accountants 34 High Street Stevenage Hertfordshire SG1 3EF
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Little Peoples Nursery Statement of Financial Activities For the year ended 15 May 2021
| Notes Income and endowments from: Donations and legacies 2 Investments Bank interest receivable Total Expenditure on: Charitable activities Pre School Education Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 321,896 12 321,908 (324,742) (324,742) (2,834) 111,484 108,650 |
2020 £ 312,405 35 |
|---|---|---|
| 312,440 | ||
| (320,361) | ||
| (320,361) | ||
| (7,921) 119,405 |
||
| 111,484 |
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Little Peoples Nursery Statement of Financial Position
As at 15 May 2021
| Notes Fixed assets Tangible assets 7 Current assets 8 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 10 Total funds |
£ 2021 4,534 4,534 150 110,742 110,892 (6,776) 104,116 108,650 108,650 108,650 108,650 |
£ 2020 5,351 |
|---|---|---|
| 5,351 | ||
| - 114,841 |
||
| 114,841 | ||
| (8,708) 106,133 |
||
| 111,484 | ||
| 111,484 | ||
| 111,484 | ||
| 111,484 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Dominique Contaldo Trustee
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Little Peoples Nursery Notes to the Financial Statements
For the year ended 15 May 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Little Peoples Nursery meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received Subscriptions received et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees Staff pension contributions |
2020 2021 £ £ 2 - 289,477 292,494 22,926 29,402 312,405 321,896 2021 2020 £ £ 817 3,495 420 420 4,380 4,073 |
|---|---|
3. Net income/(expenditure) for the year
4. Staff costs and emoluments
Total staff costs for the year ended 15 May 2021 were:
| Total staff costs for the year ended 15 May 2021 were: | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Salaries and wages | 249,511 | 247,309 |
| Social security costs | 12,866 | 8,509 |
| Pension costs | 4,380 | 4,073 |
| 266,756 | 259,891 |
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For the year ended 15 May 2021
Little Peoples Nursery Notes to the Financial Statements Continued
5. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
6. Intangible fixed assets
| Cost or valuation At 16 May 2020 At 15 May 2021 Amortisation At 16 May 2020 At 15 May 2021 Net book values At 15 May 2021 At 15 May 2020 |
£ Intangible asset 1 6,000 |
|---|---|
| 6,000 | |
| 6,000 | |
| 6,000 | |
| - | |
| - |
7. Tangible fixed assets
| Cost or valuation At 16 May 2020 At 15 May 2021 Depreciation At 16 May 2020 Charge for year At 15 May 2021 Net book values At 15 May 2021 At 15 May 2020 |
Plant and Machinery £ 933 933 539 99 638 295 394 |
Fixtures and Fittings £ 19,129 19,129 19,076 207 19,283 (154) 53 |
Computer Equipment £ 16,478 16,478 11,574 511 12,085 4,393 4,904 |
Total £ 36,540 |
|---|---|---|---|---|
| 36,540 | ||||
| 31,189 817 |
||||
| 32,006 | ||||
| 4,534 | ||||
| 5,351 |
8. Debtors
Amounts due within one year: Other debtors
| 2021 | 2020 |
|---|---|
| £ | £ |
| 150 | - |
| 150 | - |
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Little Peoples Nursery Notes to the Financial Statements Continued For the year ended 15 May 2021
9. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other creditors | 5,936 | 7,448 |
| Accruals and deferred income | 840 | 1,260 |
| 6,776 | 8,708 |
10. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 16/05/2020 | resources | resources | 15/05/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 111,484 | 321,908 | (324,742) | 108,650 |
| 111,484 | 321,908 | (324,742) | 108,650 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 16/05/2019 | resources | resources | 15/05/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 119,405 | 312,440 | (320,361) | 111,484 |
| 119,405 | 312,440 | (320,361) | 111,484 |
11. Analysis of net assets between funds
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| Intangible | Tangible | Net current | Net Assets | |
| fixed assets | fixed assets | assets / | ||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | - | 4,534 | 104,116 | 108,650 |
| - | 4,534 | 104,116 | 108,650 |
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For the year ended 15 May 2021
Little Peoples Nursery Notes to the Financial Statements Continued
Previous year
| Intangible | Tangible | Net current | Net Assets | |
|---|---|---|---|---|
| fixed assets | fixed assets | assets / | ||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | - | 5,351 | 106,133 | 111,484 |
| - | 5,351 | 106,133 | 111,484 |
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Little Peoples Nursery Detailed Statement of Financial Activities
For the year ended 15 May 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | - | 2 |
| Grants Receivable | 292,494 | 289,477 |
| Fees | 28,946 | 20,064 |
| Dinner Money | 456 | 2,862 |
| 321,896 | 312,405 | |
| Investments | ||
| Bank Interest Receivable | 12 | 35 |
| 12 | 35 | |
| Total incoming resources | 321,908 | 312,440 |
| EXPENDITURE | ||
| Charitable activities | ||
| Staff Costs - Wages & Salaries | (249,511) | (247,309) |
| Staff Costs - Training | (1,109) | (1,058) |
| Staff Costs - Pension Contributions | (4,380) | (4,073) |
| Uniform | (770) | (1,218) |
| Materials Purchased | (14,372) | (8,987) |
| Food & Snacks | (5,591) | (6,691) |
| Rent | (17,505) | (14,097) |
| Insurance | (1,620) | (1,621) |
| Repairs & Maintenance | (2,137) | (7,632) |
| Cleaning | (215) | (278) |
| School Dinners | (1,860) | (3,529) |
| Photographs | - | (532) |
| Staff Welfare | (80) | - |
| (299,150) | (297,025) | |
| SUPPORT COSTS | ||
| Governance costs | ||
| Employers Ni Contributions | (11,757) | (7,451) |
| Accountancy Fees | (420) | (420) |
| Legal Fees | (5,660) | (4,033) |
| Depreciation Of Owned Assets | (817) | (3,495) |
| Postage & Stationery | (436) | (951) |
| Telephone | (3,577) | (2,867) |
| Computer Running Costs | (1,492) | (1,256) |
| Sundry Expenses | (610) | (2,038) |
| Subscriptions | (737) | (606) |
| Registrations | - | (94) |
| Bank Charges | (86) | (125) |
| (25,592) | (23,336) | |
| Total resources expended | (324,742) | (320,361) |
| Net Expenditure | (2,834) | (7,921) |
10 of 10 This page does not form part of the statutory financial statements