2021-08-31-accounts

Company Registration Number - 06998560

The Charity Registration Number is :- 1138317

Roselands Pre School Highamwood Limited

Report and Accounts

31 August 2021

Roselands Pre School Highamwood Limited

Report and accounts for the year ended 31 August 2021

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		7
Independent Accountant's Report		9
Funds Statements:-
Statement of Financial Activities		11
Statement of Financial Activities - Prior Year statement		11
Movements in funds		13
Revenue Funds		13
Fixed Asset funds		13
Income and Expenditure account		14
Summary of funds		14
Balance sheet		15
Notes to the accounts		16

Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

The Trustees present their Report and Accounts for the year ended 31 August 2021, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- Roselands Pre School Highamwood Limited.

The charity is also known by its operating name, Roselands Pre-School.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1138317.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated

24 August 2009

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Roselands Pre-School Woodlands School Gounds, Higham School Road, Tonbridge Kent, TN10 4BB Telephone [phone] Email Address [e-mail] Web address roselandspre-schoolhighamwood.vpweb.co.uk

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

The Trustees in office on the date the report was approved were:-

Office Name Appointed Resigned Chair Amy Barry 17th January 2019 Co-Chair Abbie Blackman 17th January 2019 September 2020 Secretary Claire Phipps 27th April 2017 Treasurer Amy Barry 31st March 2020 September 2020 Treasurer Louise Mitchell September 2020

The following persons served as Trustees during the year ended 31 August 2021 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Trustee Rebecca Herbert

Trustee Jo Winter

Trustee Emma Dunlop

Trustee Jennifer Wright

Trustee Elizabeth Grey

Trustee Marie Tomkins

Trustee Katie Hollands

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The object of the charity is to enhance the development and education of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.

The staff and committee follow a set of policies to enable the Pre-school to achieve its overall aim of making children feel safe and happy in the absence of their parents, providing individual and group activities for pre-school children and ensuring a smooth transfer to school. Our policies are updated annually to ensure they are always relevant to the setting and services.

Covid-19 risk assessments and new cleaning procedures are being regularly reviewed by the management team.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

The main activities undertaken in relation to those purposes during the year and to further the charity's purpose for the public benefit, and how the activities undertaken contributed to the achievement of the aims and objectives.

The Pre-school works closely with parents/carers in all aspects of its activities. The newsletter continues to keep parents in touch with the group news and information. Parents are invited to contribute to the newsletter. There are notice boards on display with information and dates for parents. These boards also display the stories read and group activities completed with the children during the day.

There have been continued links with Woodlands Infant School. The older children enjoyed several sessions at the school prior to the end of the Summer term. This helps ensure that the transition from Pre-school to infant school is as smooth as possible and a happy one for both children and parents alike.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The contribution of volunteers during the year.

The trustees donated their time to oversee the management of the preschool and to raise funds for activities and additional resources.

Fundraising activities during the year.

The charity relies on grant aid from the donors identified in the accounts, whose support is valued. Additional funds raised from events held in the year included

Event	£
Xmas Fayre	£702.00
Xmas Party	£481.00
SpringFayre	£735.00
Obstacle Course	£2,965.00

The degree to which the achievements and performance during the year have benefited wider society.

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Company's vision and objectives and in planning future activities. In particular the Trustees consider how planned activities and the management of resources will provide maximum 'benefit'.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The Trustees are elected each year in accordance with the Pre-School Learning Alliance Constitution, at an Annual General Meeting.

The charity's organisational structure.

The charities internal organisational structure is run by Mrs Lisa Marchant the Preschool Manager, Mrs Elizabeth Frith the Office Manager and Mrs Faye Rockell the Deputy Manager.

There are also 17 other members of staff who cover morning and afternoon sessions on a daily basis.

The management team oversee the running of the Preschool to ensure there is always the correct ratio of staff to children at every session, in accordance with Ofsted guidelines.

The Management team and the Trustees form a key working relationship to ensure the Preschool follows all relevant procedures and policies

Financial review

The charity's financial position at the end of the year ended 31 August 2021

The financial position of the charity at 31 August 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Designated Fixed Asset Funds Total Unrestricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity	2021 £ 14,750 89,531 243,732 333,263 333,263	2020 £ (14,460)
		74,781 243,732
		318,513
		318,513

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

Financial review of the position at the reporting date, 31 August 2021 .

The Covid-19 pandemic has directly affected Roselands Preschool we are going through the second finical year since the pandemic started. This year we have been able to open and haven’t been required to reduce numbers into bubbles.

Parents have been cautious about sending their children in at the beginning of the academic year. Children and staff have been required to isolate but due to lower numbers in attendance we haven’t had to shut or reduce our capacity at present.

This year we welcomed backed several fundraising events once social distancing measures allowed. These events were well supported by families in their attendance and donations. These additional funds allow us to purchase larger pieces of play equipment.

Our AGM and other Meetings this year have been held in person socially distanced with the additional options for zoom attendees too. The management team and staff have continued to have socially distance meetings within the preschool setting.

As parents are being hit financially by the pandemic and the rapid rising cost of living we have seen a reduction in the private funded hours being taken up by parents when children are 2.5 years.

To increase funding take up we are now open to the full 30 hour funding and Free for Twos which we are happy to accept with another setting or childminder. This year we have also introduced an early morning drop off club which we have seen a small uptake in.

Admission Procedure - Parents are now asked what age they would like their child to start, and a start date is given once an application form is submitted. If a parent does not take up their chosen hours there is a non-refundable holding fee to keep their chosen hours or if the parent does not wish to pay the hours are offered to other children on the waiting list and they will be offered what we have available at the time.

The trustees and management team have continued to work together to minimise the financial impact of the Covid-19 pandemic on the preschool, and hope this will result in minimal losses.

Roselands preschool are also looking at additional revenue schemes such as an early morning drop off / breakfast club to offer further wrap around care which we will look to introduce in September 2021.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

Policies on reserves and availability and adequacy of assets of each of the funds

Roselands Preschool is now within its 11th year within the building and it remains in good condition.

This year 16 new windows have been installed, new blinds for each window and a new fire and emergency lighting system to adhere to current regulations. The garden has had new play matting installed and new fencing to the sandpit.

The pre-school holds reserves and fixed reserves which together amount to £319,142.00 as of August 2021. These additional funds are held for the renewal and maintenance of the building and statutory staff redundancies.

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Principal funding sources in the year and how these support the key objectives of the charity.

The charities principal source of funds is through funded and non-funded children. Funding is received for the first term following a child's third birthday:

• Funding increased to £4.14 per hour per child.

• Free for two £5.16 per hour per child

• Fees for non-funded children were £6.50 per hour.

• The Lunch club is chargeable to all children at £4.50 for the half hour.

• The Pre-school also accepts fees for non-funded children in the form of childcare vouchers.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

Over the next year and beyond, further funds will be allocated to replacing the existing building.

The Trustees consider the main risk to be a failure to the building project resulting from insufficient funding. To mitigate this risk, specific funds are being ring fenced to cover the cost of this.

Principal risks facing the charity continues to be the increasing of minimum wage year on year compared to the minimal increase of funding for funded children.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

Details of The Independent Examiner

D J Burns Member of Chartered Certified Accountants 2A Bank Street

0

Tonbridge Kent TN9 1BL

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

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Roselands Pre School Highamwood Limited

Company Registration Number - 06998560

Trustees' Annual Report for the year ended 31 August 2021

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 11 to 28.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102,

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 10 May 2022.

Amy Barry Director and Trustee

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Roselands Pre School Highamwood Limited

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 August 2021

I report to the Trustees on my examination of the financial statements of the charitable company on pages 11 to 28 for the year ended 31 August 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 16.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

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Roselands Pre School Highamwood Limited

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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 not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Signed:-

D J Burns - Independent Examiner

Chartered Certified Accountants

2A Bank Street Tonbridge Kent TN9 1BL

This report was signed on 10 May 2022

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Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2021

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 August 2021, as required by the Companies Act 2006)

Current year Unrestricted Funds 2021 £ Income & Endowments from: Donations & Legacies A1 20,301 Charitable activities A2 261,292 Investments A4 1,941 Total income A 283,534 Expenditure on: Charitable activities B2 268,784 Total expenditure B 268,784 Net income for the year 14,750 Net income after transfers A-B-C 14,750 14,750 Reconciliation of funds:- E Total funds brought forward 318,513 Total funds carried forward 333,263 Net movement in funds SORP Ref	Current year Restricted Funds 2021 £ - - - - - - - - - - -	Current year Total Funds 2021 £ 20,301 261,292 1,941 283,534 268,784 268,784 14,750 14,750 14,750 318,513 333,263	Prior Year Total Funds 2020 £ 16,569 201,954 1,611
			220,134
			234,594
			234,594
			(14,460)
			(14,460)
			(14,460) 332,973
			318,513

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 16 to 28 form an integral part of these accounts.

All activities derive from continuing operations

The notes attached on pages 16 to 28 form an integral part of these accounts.

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Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2021

Roselands Pre School Highamwood Limited - Resources applied in the year ended 31 August 2021 towards fixed assets for Charity use:-

August 2021 towards fixed assets for Charity use:-
Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Other applications of funds Net resources available to fund charitable activities	2021 £ 14,750 (763) - 13,987	2020 £ (14,460) (859) -
		(15,319)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 16 to 28 form an integral part of these accounts.

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Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2021

Movements in revenue and capital funds for the year ended 31 August 2021

Revenue accumulated funds

Accumulated funds brought forward Closing revenue funds Fixed asset funds At 1 September At 31 August Recognised gains and losses before transfers	Unrestricted Funds 2021 £ 74,781 14,750 89,531 89,531 Designated Funds 2021 £ 243,732 243,732	Restricted Funds 2021 £ - - - - Restricted Funds 2021 £ - -	Total Funds 2021 £ 74,781 14,750 89,531 89,531 Total Funds 2021 £ 243,732 243,732	Last year Total Funds 2020 £ 89,241 (14,460)
				74,781
				74,781
				Last year Total Funds 2020 £ 243,732
				243,732

The purposes of the transfers to fixed asset funds are described in Note 17 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Summary of funds Unrestricted and Designated funds 2021 £ Revenue accumulated funds 89,531 Fixed asset funds 243,732 Total funds 333,263	Restricted Funds 2021 £ - - -	Total Funds 2021 £ 89,531 243,732 333,263	Last Year Total Funds 2020 £ 74,781 243,732
			318,513

The notes attached on pages 16 to 28 form an integral part of these accounts.

13

Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2021

Roselands Pre School Highamwood Limited Income and Expenditure Account for the year ended 31 August 2021 as required by the Companies Act 2006

Income Income from operations Interest receivable Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income	2021 £ 281,593 1,941 283,534 283,534 258,442 7,632 2,710 - 268,784 14,750 - 14,750 14,750	2020 £ 218,523 1,611
		220,134
		220,134
		224,357 7,717 2,520 -
		234,594
		(14,460) -
		(14,460)
		(14,460)

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 16 to 28 form an integral part of these accounts.

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Roselands Pre School Highamwood Limited - Balance Sheet as at 31 August 2021

		SORP
	Note	Ref		2021		2020
				£		£
Fixed assets		A
Tangible assets	10	A2		18,284		25,153
Current assets		B
Debtors	11	B2	(188)		415
Cash at bank and in hand		B4	318,916		295,848
Total current assets			318,728		296,263
Creditors: amounts falling due within
one year	12	C1	(3,749)		(2,903)
Net current assets				314,979		293,360
The total net assets of the charity				333,263		318,513
The total net assets of the charity are	funded	by the	funds of the	charity, as follows:-

Unrestricted Funds Unrestricted Revenue Funds 15 D3 Designated Funds Designated Fixed Asset Funds 15 D3 Total charity funds	89,531 243,732	- 89,531 243,732 333,263	74,781 243,732	- 74,781 243,732
				318,513

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 10.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Amy Barry

Trustee

Approved by the board of trustees on 10 May 2022

The notes attached on pages 16 to 28 form an integral part of these accounts.

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Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity.

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

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Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Staffing - on the basis of time spent in connection with any particular activity. Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Estimation techniques used in apportioning costs - give details

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note6.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Nursery Building Over the term of the lease Plant and machinery 20 % straight line

A regular annual review of the likelihood of asset impairment is undertaken.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

There are no restricted funds.

There are no endowment funds.

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Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no financial instruments relevent to the charity's position.

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
	2021	2020
	£	£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets	7,632	7,717
Pension costs	2,739	2,696

6 The contribution of volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

7 Staff costs and emoluments

Salary costs Gross Salaries excluding trustees and key management personnel Employer's National Insurance for all staff Total salaries, wages and related costs The average number of part time staff employed in the year was The average number of full time staff employed in the year was The estimated full time equivalent number of all staff employed in the year was The estimated equivalent number of full time staff deployed in different activities Engaged on charitable activities The estimated full time equivalent number of all staff employed as above Employer's operating costs of defined contribution pension schemes	2021 £ 198,977 8,646 2,739	2020 £ 183,138 7,195 2,696
	210,362	193,029
	17 15 1 1 10 10 in the year was:- 10 10
	10	10

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

Numbers of such staff to whom benefits are accruing :-

Under money purchase pension schemes

No No

7

10

18

Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021 8 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

The full cost of those pension contributions have been allocated to unrestricted funds on the basis that all employess are engaged in activities related to unrestricted funds.

Any liabilites and assets associated with the scheme are shown under debtors and creditors.

9 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

10 Tangible fixed assets

Current Year Cost At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020	Land and Buildings £ 250,968 -	Plant & Machinery £ 21,047 763	Motor Vehicles £ - -	Total £ 272,015 763
	250,968	21,810	-	272,778
	227,610 6,528	19,252 1,104	- -	246,862 7,632
	234,138	20,356	-	254,494
	16,830	1,454	-	18,284
	23,358	1,795	-	25,153

19

Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

Prior Year Cost 01 September 2019 Additions 31 August 2020 Depreciation 01 September 2019 Charge for the year 31 August 2020 Net book value 31 August 2020 01 September 2019 11 Debtors Trade debtors Prepayments and accrued income Other debtors 12 Creditors: amounts falling due within one year Trade creditors Accruals PAYE, NIC VAT and other taxes 13 Income and Expenditure account summary At 1 September 2020 Surplus after tax for the year At 31 August 2021	Land and Buildings £ 250,968 -	Plant & Machinery £ 20,188 859	Motor Vehicles £ - -	Total £ 271,156 859
	250,968	21,047	-	272,015
	221,085 6,525	18,060 1,192	- -	239,145 7,717
	227,610	19,252	-	246,862
	23,358	1,795	-	25,153
	29,883	2,128	-	32,011
			2021 £ (1,480) 1,131 161	2020 £ (637) 891 161
			(188)	415
			2021 £ (603) 2,640 1,712	2020 £ (1,023) 2,520 1,406
			3,749	2,903
			2021 £ 318,513 14,750	2020 £ 332,973 (14,460)
			333,263	318,513

20

Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

14 Particulars of how particular funds are represented by assets and liabilities

At 31 August 2021 Tangible Fixed Assets Current Assets Current Liabilities At 1 September 2020 Tangible Fixed Assets Current Assets Current Liabilities	Unrestricted funds £ (225,448) 318,728 (3,749)	Designated funds £ 243,732 -	Restricted funds £ - - -	Total Funds £ 18,284 318,728 (3,749)
	89,531	243,732	-	333,263
	Unrestricted funds £ (218,579) 296,263 (2,903)	Designated funds £ 243,732 - -	Restricted funds £ - - -	Total Funds £ 25,153 296,263 (2,903)
	74,781	243,732	-	318,513

15 Change in total funds over the year as shown in Note 14 , analysed by individual funds

Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Fixed Asset Funds Total unrestricted and designated funds Total charity funds	Funds brought forward from 2020 £ 74,781 243,732	Movement in funds in 2021 See Note 16 £ 14,750 -	See Note 0 £ - - Transfers between funds in 2021	Funds carried forward to 2022 £ 89,531 243,732
	318,513	14,750	-	333,263
	318,513	14,750	-	333,263

16 Analysis of movements in funds over the year as shown in Note 15

Unrestricted and designated funds:- Unrestricted Revenue Funds	Income 2021 £ 283,534	Expenditure 2021 £ (268,784)	Other Gains & Losses 2021 £ -	Movement in funds 2021 £ 14,750
	283,534	(268,784)	-	14,750

21

Roselands Pre School Highamwood Limited

Notes to the Accounts for the year ended 31 August 2021

17 The purposes for which the funds as detailed in note 15 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

18 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

22

Roselands Pre School Highamwood Limited

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

19 Donations, Grants and Legacies

Donations, Grants and Legacies
Donations and gifts from individuals Total Donations, Grants and Legacies Total Donations, Grants and Legacies A1 Total public sector revenue grants Total donations and gifts from individuals Revenue grants from government and public bodies Small grants individually less than £1000 JRS (Furlough) Grants Sevington Pre-school Small donations individually less than £1000	Current year Unrestricted Funds 2021 £ 2,381	Current year Restricted Funds 2021 £ - - Current year Restricted Funds 2021 £ - - - -	Current year Total Funds 2021 £ 2,381 2,381 Current year Total Funds 2021 £ 174 13,601 4,145 17,920	Prior Year Total Funds 2020 £ 1,124
	2,381			1,124
	Current year Unrestricted Funds 2021 £ 174 13,601 4,145			Prior Year Total Funds 2020 £ - 15,445 -
	17,920			15,445
	20,301	-	20,301	16,569

20 Income from charitable activities - Trading Activities

Current year Primary purpose and ancillary trading Provision of nursery care services Total Primary purpose and ancillary trading Tempest Photography Admin fees Preschool Development Fund Less fund raising and photgraphy costs Lunch Club & wrap round care Fund Raising Activities	Current year Unrestricted Funds 2021 £ 4,136 87 - 1,395 41,762 22,637 420	Current year Restricted Funds 2021 £ - - - - - - - -	Current year Total Funds 2021 £ 4,136 87 - 1,395 41,762 22,637 420 70,437	Prior Year Total funds 2020 £ 1,755 419 (429) 723 27,020 10,494 450
	70,437			40,432

23

Roselands Pre School Highamwood Limited

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

Funding for provision of nursery care services Total Charitable income from funders:- 21 Current year Total income from charitable trading Income from funders Total from charitable activities A2 22 Investment income Bank Interest Receivable Total investment income A4 Total Funding for provision of nursery care services Total Income from charitable activities Current year - income from funders Other individual funding Kent County Council	Current year Funds 2021 £ 188,323 2,532	Current year Funds 2021 £ - - - Restricted Funds 2021 £ - Current year Restricted Funds 2021 £ - - - Current year Restricted Funds 2021 £ - -	Current year Total Funds 2021 £ 188,323 2,532 190,855 Total Funds 2021 £ 190,855 Current year Total Funds 2021 £ 70,437 190,855 261,292 Current year Total Funds 2021 £ 1,941 1,941	Prior Year Total Funds 2020 £ 158,615 2,907
	190,855			161,522
	Unrestricted Funds 2021 £			Prior Year Total Funds 2020 £
	190,855			161,522
	Current year Unrestricted Funds 2021 £ 70,437 190,855			Prior Year Total Funds 2020 £ 40,432 161,522
	261,292			201,954
	Current year Unrestricted Funds 2021 £ 1,941			Prior Year Total Funds 2020 £ 1,611
	1,941			1,611

24

Roselands Pre School Highamwood Limited

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

23 Expenditure on charitable activities - Direct spending

Current year Current year Current Year Unrestricted Funds Restricted Funds 2021 2021 £ £ 198,977 - 8,646 - 2,739 - 2,742 - 1,613 - 2,209 - 1,281 - 183 - 3,834 - Total direct spending B2a 222,224 - 24 Current year Current year Current Year Unrestricted Funds Restricted Funds 2021 2021 £ £ Premises Expenses 1,878 - 798 - 1,374 - 1,234 - 22,406 - 522 - 1,117 - 339 - Administrative overheads 2,004 - 389 - 2,908 - 1,249 - Professional fees paid to advisors other than the auditor or examiner - - - - Financial costs 7,632 - Support costs before reallocation 43,850 - Total support costs - Current Year 43,850 - The basis of allocation of costs between activities is described under accounting policies Other legal and professional Gross wages and salaries - charitable activities Gifts & samples Course fees Fruit and staff amenities Depreciation & Amortisation in total for Legal fees Telephone, fax and internet Support costs for charitable activities Defined contribution pension costs - charitable activities Licences Employers' NI - Charitable activities Stationery and printing Postage Waste management Other Premises Costs Cleaning Property insurance Light heat and power Rent payable under operating leases Premises repairs, renewals and maintenance Materials & photographs Sundry staff costs Towels & Hygiene Rates and water charges	Current year Total Funds 2021 £ 198,977 8,646 2,739 2,742 1,613 2,209 1,281 183 3,834 222,224 Current year Total Funds 2021 £ 1,878 798 1,374 1,234 22,406 522 1,117 339 2,004 389 2,908 1,249 - - 7,632	Prior Year Total Funds 2020 £ 183,138 7,195 2,696 4,585 1,148 1,000 897 679 2,275
		203,613
		Prior Year Total Funds 2020 £ 1,200 1,041 1,673 836 3,330 - 1,164 - 1,617 468 3,378 515 5,020 502 7,717
	43,850 43,850	28,461
		28,461
		- - -

25

Roselands Pre School Highamwood Limited

Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015

25 Other Expenditure - Governance costs

Current Year Independent Examiner's fees Total Governance costs	Current year Unrestricted Funds 2021 £ 2,710	Current year Restricted Funds 2021 £ - -	Current year Total Funds 2021 £ 2,710 2,710	Prior Year Total Funds 2020 £ 2,520
	2,710			2,520

All the expenditure in the prior year was unrestricted.

26 Total Charitable expenditure Current Year Total direct spending B2a Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 All the expenditure in the prior year was unrestricted.	Current year Unrestricted Funds 2021 £ 222,224 43,850 2,710	Current year Restricted Funds 2021 £ - - - -	Current year Total Funds 2021 £ 222,224 43,850 2,710 268,784	Prior Year Total Funds 2020 £ 203,613 28,461 2,520
	268,784			234,594

Prior Year Total direct spending B2a Total support costs B2d Total Governance costs B2e Total charitable expenditure B2	Prior Year Unrestricted Funds 2020 £ 203,613 28,461 2,520	Prior Year Prior Year Restricted Funds Total Funds 2020 2020 £ £ - 203,613 - 28,461 - 2,520
	234,594	- 234,594

26

Roselands Pre School Highamwood Limited

Activity analysis of Income and expenditure for the for the year ended 31 August 2021

This analysis is classsified by activity and not by conventional nominal descriptions.

27 Analysis of income by activity SOFA ref Development and education of pre-school children Summary of Total Income, including the items above Charitable activities A2 Donations & Legacies A1 Investment income A4 Total income as shown in the SOFA A Categories of income Income from exchange transactions Income from charitable activities Activity	2021 £ 261,292 261,292 20,301 1,941 283,534 283,534	2020 - 201,954 201,954 16,569 1,611
		220,134
		220,134

28 Analysis of charitable expenditure by activity

Direct costs 2021 £ Development and education of pre-school children Direct costs 222,224 Premises expenses - Administrative overheads - Professional fees - Financial costs - 222,224 Direct costs 2021 £ 222,224 - 222,224 Total Development and education of pre- school children Total charitable expenditure Summary of charitable costs by activity Activity Total Governance costs as detailed in Note 25 Total Development and education of pre-school children	Support costs 2021 £ - 29,668 6,550 - 7,632 43,850 Support costs 2021 £ 43,850 2,710 46,560	Grant funding 2021 £ - - - - - - Grant funding 2021 £ - - -	Total 2021 £ 222,224 29,668 6,550 - 7,632 266,074 Total 2021 £ 266,074 2,710 268,784	Total 2020 £ 203,613 9,244 5,978 5,522 7,717
				232,074
				Total 2020 £ 232,074 2,520
				234,594

27