Company registration number: 07258882 Charity registration number: 1137023
Sunbeams Pre-School (Radford Semele)
Annual Report and Financial Statements
for the Year Ended 31 July 2021
Randhawa Enterprises Limited 44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
Sunbeams Pre-School (Radford Semele)
Contents
| Trustee's Report | 1 to 3 |
|---|---|
| Accountants' Report | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 13 |
Sunbeams Pre-School (Radford Semele)
Trustee's Report
The member, a director for the purposes of company law, presents the annual report together with the financial statements of the charitable company for the year ended 31 July 2021.
Objectives and activities
Objects and aims
The charity aims to provide pre-school education to children from the village and surrounding area.
At Sunbeams, we feel, it is vitally important to us to provide a happy atmosphere where children, and their families, feel secure and cared for.
We aim to present learning opportunities in stimulating, diverse and fun ways so that children leave us feeling confident and well-prepared for school. These activities are provided during free play and through small and large group activities.
The pre-school provides a cosmopolitan and exciting cultural environment that promotes learning with equal opportunities for all. Your child will have the opportunity to choose to play indoors or outdoors for the bulk of their session. In addition to a wonderfully equipped garden, the nursery has fantastic opportunities for indoor activities too.
Collaborative play, problem solving and independent learning are all promoted throughout the day to help prepare children for school.
Public benefit
The trustee confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Use of volunteers
The charity makes use of volunteers. These contributions cannot be reliably quantified and these services are therefore not recognised in the financial statements.
Achievements and performance
During the year, pre-school education has been provided to 44 children.
During the year, the net income amounted to £8,298 (2020: net expenditure of £2,595). This is an improvement on the previous due to increased income and lower expenditure in proportion to the annual income.
Structure, governance and management
Nature of 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 trustee
New trustees are recruited from the parents and other carers of the children attending the pre-school.
Page 1
Sunbeams Pre-School (Radford Semele)
Trustee's Report
Arrangements for setting key management personnel remuneration
The setting of pay for key personnel is agreed by the Committee.
Organisational structure
The day-to-day running of the pre-school is managed by the Principal, Mrs Tracy Jane Owen.
Page 2
Sunbeams Pre-School (Radford Semele)
Trustee's Report
Reference and Administrative Details
Trustee Mrs Marie Brearley (appointed 21 September 2021) Ms Roseanne Thomas (appointed 21 September 2021) Mrs Megan Judith Kilmartin, Treasurer (appointed 10 January 2022) Mr Benjamin Charles Bevan Irvine (appointed 21 September 2021) Ms Kimberley Jayne McGowan (appointed 22 October 2020) Ms Anna Helene Elliott (appointed 21 September 2021) Ms Nicola Ann Rawlings (appointed 21 September 2021) Secretary Ms Roseanne Thomas Principal Office School Lane Radford Semele Leamington Spa Warwickshire CV31 1TQ Company Registration Number 07258882 Charity Registration Number 1137023 Independent Examiner Randhawa Enterprises Limited 44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
The annual report was approved by the member of the charity on .................... and signed on its behalf by:
......................................... Mrs Marie Brearley Chairman and Trustee
......................................... Mrs Megan Judith Kilmartin Trustee
Page 3
Chartered Accountants' Report to the Trustee on the Preparation of the Unaudited Statutory Accounts of Sunbeams Pre-School (Radford Semele) for the Year Ended 31 July 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sunbeams Pre-School (Radford Semele) for the year ended 31 July 2021 as set out on pages 6 to 13 from the company's accounting records and from information and explanations you have given us.
As a practising firm of the Chartered Insitute of Management Accountants (CIMA), we are bound by its ethical and other professional requirements. These are based on principles approved by IFAC.].
This report is made solely to the Board of Directors of Sunbeams Pre-School (Radford Semele), as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sunbeams Pre-School (Radford Semele) and state those matters that we have agreed to state to the Board of Directors of Sunbeams Pre-School (Radford Semele), as a body, in this report in accordance with the rules of CIMA . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunbeams Pre-School (Radford Semele) and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sunbeams Pre-School (Radford Semele) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Sunbeams Pre-School (Radford Semele). You consider that Sunbeams Pre-School (Radford Semele) is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sunbeams Pre-School (Radford Semele). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Randhawa Enterprises Limited 44 Hardwick Field Lane Warwick Warwickshire CV34 6LN Date:.............................
Page 4
Sunbeams Pre-School (Radford Semele)
Independent Examiner's Report to the trustee of Sunbeams Pre-School (Radford Semele)
I report to the charity trustee on my examination of the accounts of the charity for the year ended 31 July 2021 which are set out on pages 6 to 13.
Respective responsibilities of trustee and examiner
As the charity’s trustee of Sunbeams Pre-School (Radford Semele) (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 Sunbeams Pre-School (Radford Semele) 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 Sunbeams Pre-School (Radford Semele) 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.
...................................... Randhawa Enterprises Limited
44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
Date:.............................
Page 5
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities for the Year Ended 31 July 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Charitable activities 2 Fundraising 3 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 Note Income and Endowments from: Charitable activities 2 Fundraising 3 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 The funds breakdown for 2020 is shown in note 10. |
Unrestricted funds £ 121,189 3,945 125,134 (111,875) (111,875) 13,259 13,259 42,124 55,383 Unrestricted funds £ 98,797 1,294 100,091 (97,425) (97,425) 2,666 2,666 39,458 42,124 |
Unrestricted funds £ 121,189 3,945 |
Restricted funds £ - - |
Total 2021 £ 121,189 3,945 |
||
|---|---|---|---|---|---|---|
| 125,134 | - | 125,134 | ||||
| (111,875) | (4,961) | (116,836) | ||||
| (111,875) | (4,961) | (116,836) | ||||
| 13,259 | (4,961) | 8,298 | ||||
| 13,259 42,124 |
(4,961) 25,664 |
8,298 67,788 |
||||
| 55,383 | 20,703 | 76,086 | ||||
| Restricted funds £ - - - (5,261) (5,261) (5,261) (5,261) 30,925 25,664 |
Total 2020 £ 98,797 1,294 |
|||||
| 100,091 | ||||||
| (102,686) | ||||||
| (102,686) | ||||||
| (2,595) | ||||||
| (2,595) 70,383 |
||||||
| 67,788 | ||||||
The notes on pages 9 to 13 form an integral part of these financial statements. Page 6
Sunbeams Pre-School (Radford Semele)
(Registration number: 07258882) Balance Sheet as at 31 July 2021
| Note Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand 8 Creditors: Amounts falling due within one year 9 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 10 |
2021 £ 20,703 1,846 57,763 59,609 (4,226) 55,383 76,086 20,703 55,383 76,086 |
2020 £ 25,664 1,203 44,035 |
|---|---|---|
| 45,238 (3,114) |
||
| 42,124 | ||
| 67,788 | ||
| 25,664 42,124 |
||
| 67,788 |
For the financial year ending 31 July 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The notes on pages 9 to 13 form an integral part of these financial statements. Page 7
Sunbeams Pre-School (Radford Semele)
(Registration number: 07258882) Balance Sheet as at 31 July 2021
The financial statements on pages 6 to 13 were approved by the , and authorised for issue on .................... and signed on her behalf by:
......................................... Mrs Marie Brearley Chairman and Trustee
......................................... Mrs Megan Judith Kilmartin Trustee
The notes on pages 9 to 13 form an integral part of these financial statements. Page 8
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Sunbeams Pre-School (Radford Semele) 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 notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
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.
Grants receivable
Funding is received from Warwickshire County Council for: Government funded hours for 3 and 4 year olds.
Early Year Pupil Premium funding for children meeting particular funding criteria.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
-The parents have paid for unfunded hours in advance of the financial year.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Page 9
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2021
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company 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 to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Short leasehold
Depreciation method and rate
in accordance with the property (mainly 15 years)
Trade debtors
Trade debtors are amounts due from parents for non-funded hours.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Hire purchase and finance leases
Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.
Pensions and other post retirement obligations
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.
Page 10
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2021
2 Income from charitable activities
| Pre School Total for 2021 3 Income from other trading activities Local fundraising Total for 2021 Total for 2020 |
Unrestricted funds General £ 121,189 121,189 Unrestricted funds General £ 3,945 3,945 1,294 |
Total funds £ 121,189 |
|---|---|---|
| 121,189 | ||
| Total funds £ 3,945 |
||
| 3,945 | ||
| 1,294 |
Page 11
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2021
4 Trustee remuneration and expenses
No trustee, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Tangible fixed assets
| Cost At 1 August 2020 At 31 July 2021 Depreciation At 1 August 2020 Charge for the year At 31 July 2021 Net book value At 31 July 2021 At 31 July 2020 |
Land and buildings £ 76,988 76,988 51,324 4,961 56,285 20,703 25,664 |
Total £ 76,988 |
|---|---|---|
| 76,988 | ||
| 51,324 4,961 |
||
| 56,285 | ||
| 20,703 | ||
| 25,664 |
Included within the net book value of land and buildings above is £Nil (2020 - £Nil) in respect of freehold land and buildings and £20,703 (2020 - £25,664) in respect of leaseholds.
7 Debtors
| Prepayments Other debtors |
2021 £ 1,407 439 1,846 |
2020 £ 1,203 - |
|---|---|---|
| 1,203 |
Page 12
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2021
8 Cash and cash equivalents
| 8 Cash and cash equivalents |
|||
|---|---|---|---|
| Cash at bank 9 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals Deferred income 10 Funds Balance at 1 August 2020 £ Unrestricted funds General 42,124 Restricted funds 25,664 Total funds 67,788 Balance at 1 August 2019 £ Unrestricted funds General 39,458 Restricted funds 30,925 Total funds 70,383 |
Incoming resources £ 125,134 - 125,134 Incoming resources £ 100,091 - 100,091 |
2021 £ 57,763 2021 £ 530 538 2,096 1,062 4,226 Resources expended £ (111,875) (4,961) (116,836) Resources expended £ (97,425) (5,261) (102,686) |
2020 £ 44,035 |
| 2020 £ - - 3,114 - |
|||
| 3,114 | |||
| Balance at 31 July 2021 £ 55,383 20,703 |
|||
| 76,086 | |||
| Balance at 31 July 2020 £ 42,124 25,664 |
|||
| 67,788 |
Page 13
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities by fund for the Year Ended 31 July 2021
Unrestricted Funds
| Unrestricted Funds | ||
|---|---|---|
| Income and Endowments from: Charitable activities Fundraising Total income Expenditure on: Charitable activities Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2021 £ 121,189 3,945 125,134 (111,875) (111,875) 13,259 13,259 42,124 55,383 |
Total Unrestricted Funds 2020 £ 98,797 1,294 |
| 100,091 | ||
| (97,425) | ||
| (97,425) | ||
| 2,666 | ||
| 2,666 39,458 |
||
| 42,124 |
This page does not form part of the statutory financial statements. Page 14
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities by fund for the Year Ended 31 July 2021
Restricted Funds
| Restricted Funds | ||
|---|---|---|
| Income and Endowments from: Expenditure on: Charitable activities Total expenditure Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2021 £ (4,961) (4,961) (4,961) 25,664 20,703 |
Total Restricted Funds 2020 £ (5,261) |
| (5,261) | ||
| (5,261) 30,925 |
||
| 25,664 |
This page does not form part of the statutory financial statements. Page 15
Sunbeams Pre-School (Radford Semele)
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| Income and Endowments from: Charitable activities (analysed below) Fundraising (analysed below) Total income Expenditure on: Charitable activities (analysed below) Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 121,189 3,945 125,134 (116,836) (116,836) 8,298 8,298 67,788 76,086 |
Total 2020 £ 98,797 1,294 |
|---|---|---|
| 100,091 | ||
| (102,686) | ||
| (102,686) | ||
| (2,595) | ||
| (2,595) 70,383 |
||
| 67,788 |
This page does not form part of the statutory financial statements. Page 16
Sunbeams Pre-School (Radford Semele)
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| Charitable activities UK Government grants Fees and supplies Fundraising Fundraising Charitable activities Fundraising costs Direct costs Wages and salaries Staff pensions (Defined contribution) - pension scheme 1 Staff training Sundry expenses Rent Rates Light, heat and power Insurance Repairs and maintenance Depreciation of short leasehold Depreciation of short leasehold Telephone and internet Computer software and maintenance costs Printing, postage and stationery Subscriptions Cleaning Accountancy fees / Independent examiner's fee |
Total 2021 £ 105,048 16,141 121,189 3,945 3,945 (1,100) (3,604) (88,112) (1,198) (889) (881) (250) (25) (618) (622) (1,114) (4,961) - (1,873) (390) (2,069) (473) (6,606) (2,051) (116,836) |
Total 2020 £ 6,000 92,797 |
|---|---|---|
| 98,797 | ||
| 1,294 | ||
| 1,294 | ||
| (5,287) - (72,077) (2,153) - - (250) (294) (2,174) (1,435) (9,580) - (5,261) (1,352) - (180) (834) - (1,809) |
||
| (102,686) |
This page does not form part of the statutory financial statements. Page 17