f Z. CHARITY COMMISSION | Independent examiner's report on the AN —§ FOR ENGLAND AND WALES accounts
Section A Independent Examiner’s Report
Report to the trustees/ OLD LONDON ROAD PRE-SCHOOL LIMITED members of On accounts for the year 3187 AUGUST 2021 Charity no 1137573 ended (if any) Set out on pages | 1 to 8 | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act”). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act: or e the accounts did not accord with the accounting records; or e the accounts did 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. | 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. * Please delete the words in the brackets if they do not apply. Signed: Kh Date: | 12: [S$ [2027 Relevant professional c qualification(s) or{if any): body iM A (ciGea th, ‘) Address: | S The Rameners ST Acaanc, ALS WAT |
IER
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Oct 2018
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Giveany itemshere briefthat thedetails of || examiner wishes to | disclose. |
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IER
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Oct 2018
Old London Road Pre-school Limited Company limited by guarantee
Old London Road Pre-school Limited
Financial Statements For the period 1‘ September 2020 — 31“ August 2021
Registered as a company limited by Guarantee in England & Wales Registered Office: 9 Riverside Road, St Albans, AL1 1RX Registered No: 7287688 Registered Charity No: 1137573
Page 1 of 8
Old London Road Pre-school Limited Company limited by guarantee
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Contents Page
Directors’ report 3
Profit and loss account 5
Balance sheet 6
Notes to the financial statements 7
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Old London Road Pre-school Limited Company limited by guarantee
Directors’ report for the period 1 September 2020 — 31 August 2021
The directors present their report and the financial statements for the period 1% September 2020 — 31* August 2021.
Objectives of the Charity
The objectives of the Pre-School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:-
Offering appropriate play, education and care facilities and training courses, 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 for all children whatever their race, culture, religion, means or ability;
Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs;
Instigating and adhering to and furthering the aims and objects of the Pre-School Learning Alliance.
Management
The governing documents of the company are its memorandum and articles of association.
The management of the charity is through a committee of volunteers who are the directors of the company. The day to day running of the charity is via a team of paid staff.
The pre-school is a registered charity (1137573) and is registered with Ofsted (123649).
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Directors
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The directors who served during the year are as stated below:-
| Katie Florez | |
|---|---|
| Anita Cseri-Pallagi | |
| Amelia Hodge | |
| Carley Cox | |
| NataliavonEsebeck |
None of the directors has any beneficial interest in the company. All of the Directors are members of the company and guarantee to contribute £1 in the event of winding up.
Secretary Lucy Good
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Old London Road Pre-school Limited Company limited by guarantee
Review of Activities
The pre-school had another challenging year due to the Covid-19 pandemic. We remained open throughout the year, as advised by the government, operating under many Covid-19 restrictions. However, attendance of children was mixed due to parental concerns of Covid-19 and the start date of some new children were delayed as parents were not allowed on site to help settle-in.
Child numbers were in line with a usual Autumn term in September 2020, but significantly reduced in the Spring term 2021 when a lockdown was announced by the government. Children choosing not to return during this period were not charged parent fees. A few staff were absent during the Spring term and a small amount of furlough was claimed in January & February 2021 from the HMRC job retention scheme.
Child numbers recovered and we were full during the summer term 2021 when lockdown restrictions were eased and Covid-19 immunisations were being offered.
County council funding continued to make up the majority of fees at our pre-school from 3 and 4 year old children, disadvantaged 2 year old families, pupil premium and exceptional needs funding. The county council funding was higher than last year due to more funded children, exceptional needs funding for a child requiring a 1:1 staff member and more children qualifying for pupil premium.
Income from parent fees were 3% higher than last year but still significantly below 2019 levels due to the absence of children during the Spring term 2021.
Wages were higher than last year as we remained open throughout the year and the majority of staff continued to work. We also employed a 1:1 staff member for a child with exceptional needs.
Fundraising events such as our annual fun day and water table at the St Albans Marathon were unable to take place this year due to Covid-19 restrictions. However, we were able to complete the sponsored bounce which raised £1.5k from generous parents and families. We also raised money from leaver’s tea-towels, Bags2School, Justgiving donations and Christmas treeasy, making total income from fundraising of £1.8k.
The Christmas party, trip to paradise wildlife park and summer club were highlights of the period and the Directors wish to thank everybody who has helped and supported these events.
We continue to support our children with special needs and have welcomed new children who need additional help and support in the pre-school setting. We work closely with the families and relevant professionals to ensure that the best care is provided.
The preschool leader has taken part in the ‘creating communication friendly early years settings’ programme and has delivered communication training to all staff at Olid London Road Preschooi. Tne staff will use this training to improve speech & language skills for the children in our setting.
The Directors’ extend their thanks to all the pre-school staff for their dedication, professionalism and enthusiasm during this challenging period.
Review of Financial position
During the period the preschool made a surplus of £1,344. Reserves at the end of the period were £153,160 of which £847 are restricted for funding staff outdoor training.
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Old London Road Pre-school Limited Company limited by guarantee
Statement of financial activities for the period 1** September 2020 — 31°t August 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| Incoming Resources | £ | £ | |
| Incoming resources from Donations& legacies | |||
| Donations | 957 | 744 | |
| Incoming resources from charitable activities | |||
| Hertfordshire County Council Funding | 2 | 139,628 | 121,479 |
| Pre-school Fees | 56,634 | 54,763 | |
| Incoming resources from othertrading activities | |||
| Fundraising | 4,090 | 2,028 | |
| Incoming resources from Investments | |||
| Investment Income | 2 | 25 | Ait |
| Other Income | |||
| HMRC Job retention scheme | ALE? | 113 | |
| Total Incoming resources | 203,051 | 187,064 | |
| Expenditure | |||
| Expenditure on raising funds | |||
| Fundraising | 2,000 | 1,073 | |
| Expenditure on charitable activities | |||
| Pre-school operating costs | 19,216 | 17,193 | |
| Pre-school wages | ie} | 170,623 | 158,540 |
| Rent | 9,563 | 9,174 | |
| Other Expenditure | |||
| Bank Charges | 0 | 0 | |
| Total Resources Expended | 201,707 | 185,980 | |
| Net Incoming Resources | 1,344 | 1,084 | |
| Reconciliation of Funds | |||
| Total funds broughtforward | 151,816 | 150,732 | |
| TotalfundscarriedForward | 153,160 | 151,816 |
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Old London Road Pre-school Limited Company limited by guarantee
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Balance sheet as at 31 August 2021
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Notes 2021 2020
£ £
Total Fixed Assets 0 0
Current Assets
Sundry Debtors 6 144 415
Cash at bank and in hand 156,221 153,871
_ 156,365 154,286
Less Creditors:
Amounts falling due within one year 7 3,205 2,470
Net current assets 153,160 151,816
Total assets less current liabilities 153,160 151,816
Total Net assets 153,160 151,816
Funds
Restricted Income funds 8 847 847
Unrestricted Funds 152,313... 150,969
Total Charity Funds 153,160 151,816
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Directors’ statements for the period 1** September 2020 — 31% August 2021
For the period 1%! September 2020 - 31% August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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¢ the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts;
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these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime
These financial statements have been prepared in accordance with the special provisions to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2007).
The financial statements were approved by the Board on 16" November 2021 and signed on its behalf by:
Amelia Hodge Director
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Old London Road Pre-school Limited Company limited by guarantee
Notes to the financial statements
for the period 1 September 2020 - 31 August 2021
4. Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.
1.2 Incoming resources
Fees, donations and grants are accounted for when receivable. Gifts and services in kind were not material in the period.
1.3 Resources expended
All resources are expended in furtherance of the provision of care, education and recreational facilities for the Pre-School children.
1.4 Taxation
The charity is exempt from corporation tax on its charitable activities.
1.5 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Hertfordshire County Council funding
| 2021 | 2020 | |
|---|---|---|
| Two, Three and Four year old funding | £127,569 | £117,143 |
| Exceptional Needs Funding | £8,372 | £0 |
| Pupil Premium Funding | £2,568 | £1,986 |
| EYPDP Funding | £869 | £1,100 |
| Inclusion Funding / Senco |
£250 | £500 |
| ENF Panel Funding | £0 | £750 |
| Total Funding | £139,628 | £121,479 |
| 3. Investment Income | ||
| 2021 | 2020 | |
| Fundraising Account | £5.35 | £55.20 |
| Contingency Account | £18.09 | £188.36 |
| HSBC Savings | £2.02 | £33.29 |
| InterestReceivable | £25.46 | £276.85 |
4. Trustees’ remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 31“ August 2021 or the year ended 31° August 2020.
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Old London Road Pre-school Limited Company limited by guarantee
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31' August 2021 or the year ended 31 August 2020.
5. Employees
| The average number ofemployees during the period | 2021 | 2020 |
|---|---|---|
| Directors (unpaid) | 6 | 4 |
| Management and teaching | 16 | 16 |
| Employment Costs | 2021 | 2020 |
| Wages & Salaries | £148 832 | £126.815 |
| Social Security costs | £14,011 | eTo.o22 |
| Pension contributions | £6,904 | £5,529 |
| Charity Payroll fees | £876 | £876 |
| No employees received employee benefits of more than £60,000. | ||
| 6. Debtors | 2021 | 2020 |
| Unpaid fees | £0 | £0 |
| HMRC Job retention scheme | £0 | £415 |
| EYPDP Funding | £144 | £0 |
| 7. Creditors | 2021 | 2020 |
| Pension contributions | £675 | £765 |
| UnpaidInvoices | £2,530 | £1,704 |
8. Funds
Restricted Funds
Restricted funds of £847 were being held at the beginning of the year for forest school staff training. This training has not been available due to covid restrictions.
Movement in Funds
| Movement in Funds | ||||
|---|---|---|---|---|
| Net Movement | ||||
| At 1.9.20 | In funds | At 31.8.21 | ||
| £ | £ | ¥, | ||
| Unrestricted Funds | 150,969 | 1,344 | 152,313 | |
| Restricted Funds (Training) | 847 | 0 | 847 | |
| TotalFunds | 151,816 | 1,344 | 153,160 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | - | Resources | Movement | |
| Resources | Expended | in Funds | ||
| £ | £ | £ | ||
| Unrestricted Funds | 203,051 | (201,707) | 1,344 | |
| Restricted Funds | 0 | 0 | 0 | |
| TotalFunds | 203,051 | (201,707) | 1,344 |
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