## 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 1 of 10 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 2 of 10 ## 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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 3 of 10 ## 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**| 4 of 10 ## 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 5 of 10 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**| 6 of 10 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**|**-**| 7 of 10 ## 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**| 8 of 10 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**| 9 of 10 ## 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