Company registration number: 07258882 Charity registration number: 1137023
Sunbeams Pre-School (Radford Semele)
Annual Report and Financial Statements
for the Year Ended 31 July 2022
Randhawa Enterprises Limited 44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
Sunbeams Pre-School (Radford Semele)
Contents
| Trustees' Report | 1 to 3 |
|---|---|
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 to 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 12 |
Sunbeams Pre-School (Radford Semele)
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 July 2022.
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 trustees 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 35 children (2021: 44 children).
During the year, the net expenditure amounted to £6,916 (2021: net income of £8,298). This is adverse to the previous year due to lower income due to a lower number of children and and higher expenditure in proportion to the annual income.
Page 1
Sunbeams Pre-School (Radford Semele)
Trustees' Report
Reference and Administrative Details
Charity Registration Number: 1137023 Company Registration Number: 07258882 The charity is incorporated in Wales. Registered Office: School Lane Radford Semele Leamington Spa Warwickshire CV31 1TQ Independent Examiner: Randhawa Enterprises Limited 44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Ms Roseanne Thomas (appointed 21 September 2021) Mrs Megan Judith Kilmartin, Treasurer, Treasurer (appointed 10 January 2022) Ms Kimberley Jayne McGowan Ms Laura Rachel Francis (appointed 9 September 2022) Chairman: Ms Laura Rachel Francis (appointed 9 September 2022) Secretary: Ms Roseanne Thomas (appointed 21 September 2021)
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 trustees
New trustees are recruited from the parents and other carers of the children attending the pre-school.
Arrangements for setting key management personnel remuneration
The setting of pay for key personnel is agreed by the Committee.
Page 2
Sunbeams Pre-School (Radford Semele)
Trustees' Report
Organisational structure
The day-to-day running of the pre-school is managed by the Principal, Mrs Tracy Jane Owen.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Megan Kilmartin
.........................................Megan Kilmartin (Mar 27, 2023 22:27 GMT+1) Mrs Megan Judith Kilmartin Trustee
Page 3
Sunbeams Pre-School (Radford Semele)
Independent Examiner's Report to the trustees of Sunbeams Pre-School (Radford Semele) ("the Company")
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022.
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 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.
Parminder Randhawa-Rehal (Mar 27, 2023 22:30 GMT+1) ...................................... Randhawa Enterprises Limited
44 Hardwick Field Lane Warwick Warwickshire CV34 6LN
Date:.............................
Page 4
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities for the Year Ended 31 July 2022 (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: Raising funds Charitable activities Other expenditure 4 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 Note Income and Endowments from: Charitable activities 2 Fundraising 3 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Unrestricted funds £ 98,205 7,315 105,520 (2,390) (104,311) - (106,701) (1,181) (1,181) 55,383 54,202 Unrestricted funds £ 121,189 3,945 125,134 (1,100) (110,775) (111,875) 13,259 13,259 42,124 55,383 |
Restricted funds £ - - - - - (5,735) (5,735) (5,735) (5,735) 20,703 14,968 Restricted funds £ - - - - (4,961) (4,961) (4,961) (4,961) 25,664 20,703 |
Total 2022 £ 98,205 7,315 |
|---|---|---|---|
| 105,520 | |||
| (2,390) (104,311) (5,735) |
|||
| (112,436) | |||
| (6,916) | |||
| (6,916) 76,086 |
|||
| 69,170 | |||
| Total 2021 £ 121,189 3,945 |
|||
| 125,134 | |||
| (1,100) (115,736) |
|||
| (116,836) | |||
| 8,298 | |||
| 8,298 67,788 |
|||
| 76,086 |
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 5
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities for the Year Ended 31 July 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
The funds breakdown for 2021 is shown in note 12.
The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
Sunbeams Pre-School (Radford Semele)
(Registration number: 07258882) Balance Sheet as at 31 July 2022
| Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand 9 Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 12 |
2022 £ 33,964 29,061 36,595 65,656 (30,450) 35,206 69,170 14,968 54,202 69,170 |
2021 £ 20,703 1,846 57,763 |
|---|---|---|
| 59,609 (4,226) |
||
| 55,383 | ||
| 76,086 | ||
| 20,703 55,383 |
||
| 76,086 |
For the financial year ending 31 July 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
Megan Kilmartin
Megan Kilmartin (Mar 27, 2023 22:27 GMT+1).........................................
Mrs Megan Judith Kilmartin Trustee
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 7
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2022
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
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 8
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2022
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 trustees 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
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.
2 Income from charitable activities
Page 9
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2022
| Pre School Total for 2022 Total for 2021 3 Income from other trading activities Local fundraising Total for 2022 Total for 2021 4 Other expenditure Note Depreciation, amortisation and other similar costs Note Depreciation, amortisation and other similar costs Total for 2022 |
Unrestricted funds General £ 98,438 98,438 121,189 Unrestricted funds General £ 7,315 7,315 3,945 Restricted funds £ 5,735 5,735 Restricted funds £ 5,735 5,735 |
Total funds £ 98,438 |
|---|---|---|
| 98,438 | ||
| 121,189 | ||
| Total funds £ 7,315 |
||
| 7,315 | ||
| 3,945 | ||
| Total 2022 £ 5,735 |
||
| 5,735 | ||
| Total funds £ 5,735 |
||
| 5,735 |
Page 10
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2022
5 Trustees remuneration and expenses
No trustees, 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.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
| Cost At 1 August 2021 At 31 July 2022 Depreciation Charge for the year At 31 July 2022 Net book value At 31 July 2022 At 31 July 2021 |
Land and buildings £ 95,984 95,984 62,020 62,020 33,964 95,984 |
Total £ 95,984 |
|---|---|---|
| 95,984 | ||
| 62,020 | ||
| 62,020 | ||
| 33,964 | ||
| 95,984 |
Included within the net book value of land and buildings above is £Nil (2021 - £Nil) in respect of freehold land and buildings and £33,964 (2021 - £20,703) in respect of leaseholds.
8 Debtors
| Prepayments Other debtors 9 Cash and cash equivalents Cash at bank |
2022 £ 577 28,484 29,061 2022 £ 36,595 |
2021 £ 1,407 439 |
|---|---|---|
| 1,846 | ||
| 2021 £ 57,763 |
Cash at bank Page 11
Sunbeams Pre-School (Radford Semele)
Notes to the Financial Statements for the Year Ended 31 July 2022
10 Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals Deferred income |
2022 £ - 1,475 250 28,725 30,450 |
2021 £ 530 538 2,096 1,062 |
|---|---|---|
| 4,226 |
11 Share capital
12 Funds
| 12 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 August 2021 £ 55,383 20,703 76,086 Balance at 1 August 2020 £ 42,124 25,664 67,788 |
Incoming resources £ 105,520 - 105,520 Incoming resources £ 125,134 - 125,134 |
Resources expended £ (106,701) (5,735) (112,436) Resources expended £ (111,875) (4,961) (116,836) |
Balance at 31 July 2022 £ 54,202 14,968 |
| 69,170 | ||||
| Balance at 31 July 2021 £ 55,383 20,703 |
||||
| 76,086 |
Page 12
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities by fund for the Year Ended 31 July 2022
Unrestricted Funds
| Income and Endowments from: Charitable activities Fundraising Total income Expenditure on: Raising funds Charitable activities Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2022 £ 98,205 7,315 105,520 (2,390) (104,311) (106,701) (1,181) (1,181) 55,383 54,202 |
Total Unrestricted Funds 2021 £ 121,189 3,945 |
|---|---|---|
| 125,134 | ||
| (1,100) (110,775) |
||
| (111,875) | ||
| 13,259 | ||
| 13,259 42,124 |
||
| 55,383 |
This page does not form part of the statutory financial statements. Page 13
Sunbeams Pre-School (Radford Semele)
Statement of Financial Activities by fund for the Year Ended 31 July 2022
Restricted Funds
| Restricted Funds | ||
|---|---|---|
| Income and Endowments from: Expenditure on: Charitable activities Other expenditure Total expenditure Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2022 £ - (5,735) (5,735) (5,735) 20,703 14,968 |
Total Restricted Funds 2021 £ (4,961) - |
| (4,961) | ||
| (4,961) 25,664 |
||
| 20,703 |
This page does not form part of the statutory financial statements. Page 14
Sunbeams Pre-School (Radford Semele)
Detailed Statement of Financial Activities for the Year Ended 31 July 2022
| Income and Endowments from: Charitable activities (analysed below) Fundraising (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2022 £ 98,205 7,315 105,520 (2,390) (104,311) (5,735) (112,436) (6,916) (6,916) 76,086 69,170 |
Total 2021 £ 121,189 3,945 |
|---|---|---|
| 125,134 | ||
| (1,100) (115,736) - |
||
| (116,836) | ||
| 8,298 | ||
| 8,298 67,788 |
||
| 76,086 |
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 2022
| Charitable activities UK Government grants Fees and supplies Fundraising Fundraising Raising funds Other fundraising costs Staff entertaining (allowable for tax) Legal and professional fees Charitable activities 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 Telephone and internet Computer software and maintenance costs Printing, postage and stationery Subscriptions Cleaning Advertising Accountancy fees / Independent examiner's fee Bank charges |
Total 2022 £ 85,685 12,520 98,205 7,315 7,315 (2,076) (289) (25) (2,390) (3,286) (78,545) (1,429) (547) (174) (250) (524) (631) (2,157) (1,272) - (970) (418) (4,762) (427) (4,727) (37) (4,150) (5) (104,311) |
Total 2021 £ 105,048 16,141 |
|---|---|---|
| 121,189 | ||
| 3,945 | ||
| 3,945 | ||
| (1,100) - - |
||
| (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) - |
||
| (115,736) |
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 2022
| Other expenditure Depreciation of short leasehold |
Total 2022 £ (5,735) (5,735) |
Total 2021 £ - |
|---|---|---|
| - |
This page does not form part of the statutory financial statements. Page 17
2022 Sunbeams Pre-School (Radford Semele) Accounts Final
Final Audit Report
2023-03-27
Created: 2023-03-27 By: Parminder Randhawa-Rehal (pam.rehal@aims.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAWVMf0eLBT_hr6fEeBbEwoXJ1FoHLU9bX
"2022 Sunbeams Pre-School (Radford Semele) Accounts Final" History
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