Company registration number: 07258882 Charity registration number: 1137023
## Sunbeams Pre-School (Radford Semele)
Annual Report and Financial Statements
for the Year Ended 31 July 2023
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 13|
## **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 and auditors' report of the charitable company for the year ended 31 July 2023.
## **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 38 children (2022: 35 children).
During the year, the net expenditure amounted to £18,717 (2022: net expenditure of £6,916). This is adverse to the previous year due to a higher 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 Mrs Megan Judith Kilmartin, Treasurer (resigned 12 January 2024) Ms Kimberley Jayne McGowan (resigned 12 January 2024) Ms Laura Rachel Francis (appointed 9 September 2022) Ms Caroline Amber Lindsey Ashcroft (appointed 21 February 2024) Ms Jemima Sarah Wright (appointed 21 February 2024) Ms Eleanor Frances Merlo Donajgrodzki (appointed 21 February 2024) Ms Lydia Williams (appointed 19 February 2024) Chairman: Ms Jemima Sarah Wright (appointed 21 February 2024) Secretary: Ms Roseanne Thomas
## **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.
Page 2
## **Sunbeams Pre-School (Radford Semele)**
## **Trustees' 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.
## **Disclosure of information to auditor**
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Ms Jemima Sarah Wright Chairman and 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 2023.
## **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 the Company 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:
1. accounting records were not kept in respect of Sunbeams Pre-School (Radford Semele) as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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 4
## **Sunbeams Pre-School (Radford Semele)**
## **Statement of Financial Activities for the Year Ended 31 July 2023 (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
Other expenditure
4
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward|**Unrestricted**
**funds**
**£**
91,971
7,276
99,247
(1,407)
(108,083)
-
(109,490)
(10,243)
(10,243)
54,201
43,958
**Unrestricted**
**funds**
**£**
98,205
7,315
105,520
(2,390)
(104,311)
-
(106,701)
(1,181)
(1,181)
55,383|**Restricted**
**funds**
**£**
2,560
-
2,560
(4,778)
-
(6,256)
(11,034)
(8,474)
(8,474)
14,969
6,495
**Restricted**
**funds**
**£**
-
-
-
-
-
(5,735)
(5,735)
(5,735)
(5,735)
20,703|**Total**
**2023**
**£**
94,531
7,276|
|---|---|---|---|
||||101,807|
||||(6,185)
(108,083)
(6,256)|
||||(120,524)|
||||(18,717)|
||||(18,717)
69,170|
||||50,453|
||||**Total**
**2022**
**£**
98,205
7,315|
||||105,520|
||||(2,390)
(104,311)
(5,735)|
||||(112,436)|
||||(6,916)|
||||(6,916)
76,086|
The notes on pages 8 to 13 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 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
Total funds carried forward
12
The funds breakdown for 2022 is shown in note 12.|**Unrestricted**
**funds**
**£**
54,202|**Restricted**
**funds**
**£**
14,968|**Total**
**2022**
**£**
69,170|
|---|---|---|---|
|||||
The notes on pages 8 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 2023**
|**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|**2023**
**£**
28,803
1,710
26,546
28,256
(6,606)
21,650
50,453
6,495
43,958
50,453|**2022**
**£**
33,964
29,061
36,595|
|---|---|---|
|||65,656
(30,450)|
|||35,206|
|||69,170|
|||14,968
54,202|
|||69,170|
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
.........................................
Ms Jemima Sarah Wright Chairman and trustee
The notes on pages 8 to 13 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 2023**
## **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.
## **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.
## **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.
Page 8
## **Sunbeams Pre-School (Radford Semele)**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **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**
|||**Unrestricted**||
|---|---|---|---|
|||**funds**|**Total**|
|||**General**|**funds**|
|||**£**|**£**|
|**Total for**|**2022**|98,438|98,438|
Page 9
## **Sunbeams Pre-School (Radford Semele)**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **3 Income from other trading activities**
|Local fundraising
**Total for 2023**
**Total for 2022**
**4**
**Other expenditure**
**Note**
Depreciation, amortisation and other similar costs
Depreciation, amortisation and other similar costs
**Total for 2023**
**Total for 2022**|**Restricted**
**funds**
**£**
6,256
6,256
**Note**|**Unrestricted**
**funds**
**General**
**£**
7,276
7,276
7,315
**Total**
**2023**
**£**
6,256
6,256
**Restricted**
**funds**
**£**
6,256
6,256
5,735|**Total**
**funds**
**£**
7,276|
|---|---|---|---|
||||7,276|
||||7,315|
||||**Total**
**2022**
**£**
5,735|
||||5,735|
||||**Total**
**funds**
**£**
6,256|
||||6,256|
||||5,735|
Page 10
## **Sunbeams Pre-School (Radford Semele)**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **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 2022
Additions
At 31 July 2023
**Depreciation**
At 1 August 2022
Charge for the year
At 31 July 2023
**Net book value**
At 31 July 2023
At 31 July 2022|**Land and**
**buildings**
**£**
95,984
1,095
97,079
62,020
6,256
68,276
28,803
33,964|**Total**
**£**
95,984
1,095|
|---|---|---|
|||97,079|
|||62,020
6,256|
|||68,276|
|||28,803|
|||33,964|
Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings and £28,803 (2022 - £33,964) in respect of leaseholds.
## **8 Debtors**
|Prepayments
Other debtors|**2023**
**£**
1,429
281
1,710|**2022**
**£**
577
28,484|
|---|---|---|
|||29,061|
Page 11
## **Sunbeams Pre-School (Radford Semele)**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **9 Cash and cash equivalents**
|Cash on hand
Cash at bank
**10 Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals
Deferred income|**2023**
**£**
7
26,539
26,546
**2023**
**£**
625
789
-
5,192
6,606|**2022**
**£**
-
36,595|
|---|---|---|
|||36,595|
|||**2022**
**£**
-
1,475
250
28,725|
|||30,450|
## **11 Share capital**
## **12 Funds**
|**Unrestricted funds**
General
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
**Restricted funds**
**Total funds**|**Balance at 1**
**August 2022**
**£**
54,201
14,969
69,170
**Balance at 1**
**August 2021**
**£**
55,383
20,703
76,086|**Incoming**
**resources**
**£**
99,247
2,560
101,807
**Incoming**
**resources**
**£**
105,520
-
105,520|**Resources**
**expended**
**£**
(109,490)
(11,034)
(120,524)
**Resources**
**expended**
**£**
(106,701)
(5,735)
(112,436)|**Balance at 31**
**July 2023**
**£**
43,958
6,495|
|---|---|---|---|---|
|||||50,453|
|||||**Balance at 31**
**July 2022**
**£**
54,202
14,968|
|||||69,170|
Page 12
## **Sunbeams Pre-School (Radford Semele)**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **13 Related party transactions**
Page 13
## **Sunbeams Pre-School (Radford Semele)**
## **Statement of Financial Activities by fund for the Year Ended 31 July 2023**
## **Unrestricted Funds**
|**Income and Endowments from:**
Charitable activities
Fundraising
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2023**
**£**
91,971
7,276
99,247
(1,407)
(108,083)
(109,490)
(10,243)
(10,243)
54,201
43,958|**Total**
**Unrestricted**
**Funds**
**2022**
**£**
98,205
7,315|
|---|---|---|
|||105,520|
|||(2,390)
(104,311)|
|||(106,701)|
|||(1,181)|
|||(1,181)
55,383|
|||54,202|
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## **Sunbeams Pre-School (Radford Semele)**
## **Statement of Financial Activities by fund for the Year Ended 31 July 2023**
## **Restricted Funds**
|**Restricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Charitable activities
Total income
**Expenditure on:**
Raising funds
Other expenditure
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2023**
**£**
2,560
2,560
(4,778)
(6,256)
(11,034)
(8,474)
(8,474)
14,969
6,495|**Total**
**Restricted**
**Funds**
**2022**
**£**
-|
|||-|
|||-
(5,735)|
|||(5,735)|
|||(5,735)|
|||(5,735)
20,703|
|||14,968|
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 2023**
|**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
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2023**
**£**
94,531
7,276
101,807
(6,185)
(108,083)
(6,256)
(120,524)
(18,717)
(18,717)
69,170
50,453|**Total**
**2022**
**£**
98,205
7,315|
|---|---|---|
|||105,520|
|||(2,390)
(104,311)
(5,735)|
|||(112,436)|
|||(6,916)|
|||(6,916)
76,086|
|||69,170|
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 2023**
|**_Charitable activities_**
UK Government grants
Grants - other agencies
Fees and supplies
**_Fundraising_**
Fundraising
**_Raising funds_**
Other fundraising costs
Restricted Funding Expenditure
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
Telephone and internet
Computer software and maintenance costs
Printing, postage and stationery
Subscriptions
Cleaning
Advertising
Accountancy fees / Independent examiner's fee
Bank charges|**Total**
**2023**
**£**
63,259
2,560
28,712
94,531
7,276
7,276
(1,229)
(4,778)
(178)
-
(6,185)
(2,840)
(84,673)
(1,357)
(320)
(465)
(381)
(204)
(1,423)
(1,470)
(1,074)
(1,296)
(478)
(3,757)
(698)
(4,865)
-
(2,782)
-
(108,083)|**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)|
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## **Sunbeams Pre-School (Radford Semele)**
## **Detailed Statement of Financial Activities for the Year Ended 31 July 2023**
|**_Other expenditure_**
Depreciation of short leasehold|**Total**
**2023**
**£**
(6,256)
(6,256)|**Total**
**2022**
**£**
(5,735)|
|---|---|---|
|||(5,735)|
This page does not form part of the statutory financial statements. Page 18