Company Registration Number - 06998560
The Charity Registration Number is :- 1138317
Roselands Pre School Highamwood Limited
Report and Accounts
31 August 2022
Roselands Pre School Highamwood Limited
Report and accounts for the year ended 31 August 2022
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 2022
The Trustees present their Report and Accounts for the year ended 31 August 2022, 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
Roselands Pre-School
Woodlands School Gounds, Higham School Road, Tonbridge Kent, TN10 4BB
Telephone 01732 368580 Email Address roselandsoffice@btconnect.com
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 2022
The Trustees in office on the date the report was approved were:-
Office Name Appointed Resigned Chair Amy Barry 17th January 2019 Secretary Claire Phipps 27th April 2017 Treasurer Louise Mitchell September 2020
The following persons served as Trustees during the year ended 31 August 2022 :-
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.
Resigned Trustee Rebecca Herbert 31st Aug 2022 Trustee Jo Winter Trustee Emma Dunlop 31st Aug 2022 Trustee Jennifer Wright Trustee Elizabeth Grey Trustee Marie Tomkins Trustee Katie Hollands 31st Aug 2022 Trustee Rebecca Barclay
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.
Risk assessments and new cleaning procedures are being regularly reviewed by the preschool manager.
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Roselands Pre School Highamwood Limited
Company Registration Number - 06998560
Trustees' Annual Report for the year ended 31 August 2022
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 preschool encourages the development of children by following the "Development Matters" curriculum.
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
----- Start of picture text -----
Event £
Pumpkin Party £585
Xmas Party £163
Spring Fayre £559
Obstacle Course £740
----- End of picture text -----
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'.
3
Roselands Pre School Highamwood Limited
Company Registration Number - 06998560
Trustees' Annual Report for the year ended 31 August 2022
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, Mrs Faye Rockell the Deputy Manager and Miss Louise Jenner PA to the Directors.
There are also 12 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 2022
The financial position of the charity at 31 August 2022 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 |
2022 £ 11,547 101,078 243,732 344,810 344,810 |
2021 £ 14,750 89,531 243,732 333,263 333,263 |
|---|---|---|
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Roselands Pre School Highamwood Limited
Company Registration Number - 06998560
Trustees' Annual Report for the year ended 31 August 2022
Financial review of the position at the reporting date, 31 August 2022 .
Roselands remains financially stable. The management team and directors of Roselands acknowledge that we are currently goingthrough a tough period of economic change. The rising costs of living are impacting our community. Parents are delaying children starting until government funding is in place and we have received lower donations towards the snacks that are provided to the hildren in the morning and afternoon. We were disappointed to learn that our funding from KCC has been reduced by 18p per hour relative to other local areas due to our parental postcode.
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.
We continue to monitor our income and outgoings. We are competing to attract new staff and keep current staff when local supermarkets can offer substantial more per hour
Roselands offer Free for Two places, full 30 hour funding and early morning drop off. This year we offered parents a two week summer scheme which would allow us to open the setting and raise additional funds. The two weeks of additional days were allowed witin our insurance terms and conditions and the charity guidelines. Unfortunately, interest was minimal which resulted in it not being financially visable to run.
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.
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Roselands Pre School Highamwood Limited
Company Registration Number - 06998560
Trustees' Annual Report for the year ended 31 August 2022
Policies on reserves and availability and adequacy of assets of each of the funds
Roselands Preschool is now within its 12th year within the building and it remains in good condition. Ongoing maintenance has been carried out with sink taps being replaced and maintenance to the toilet facilities.
The pre-school holds reserves and fixed reserves which together amount to £344k as of August 2022. 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 £4.31 per hour per child.
-
Free for two £5.39 per hour per child
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Fees for non-funded children were £6.50 per hour.
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The Lunch club is chargeable to all children at £4.50 for the half hour.
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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 2022
Details of The Independent Examiner
D J Burns FCCA Member of Chartered Certified Accountant 2A Bank Street 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 :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
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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.
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.
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Roselands Pre School Highamwood Limited
Company Registration Number - 06998560
Trustees' Annual Report for the year ended 31 August 2022
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 4th May 2023.
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 2022
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 2022 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 FCCA - Independent Examiner
Chartered Certified Accountant
2A Bank Street Tonbridge Kent TN9 1BL
This report was signed on 4th May 2023
10
Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2022
Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 August 2022, as required by the Companies Act 2006)
| Current year Unrestricted Funds 2022 £ Income & Endowments from: Donations & Legacies A1 9,467 Charitable activities A2 234,860 Investments A4 115 Total income A 244,442 Expenditure on: Raising funds B1 612 Charitable activities B2 232,283 Total expenditure B 232,895 Net income for the year 11,547 Net income after transfers A-B-C 11,547 11,547 Reconciliation of funds:- E Total funds brought forward 333,263 Total funds carried forward 344,810 Net movement in funds SORP Ref |
Current year Restricted Funds 2022 £ - - - - - - - - - - - - |
Current year Total Funds 2022 £ 9,467 234,860 115 244,442 612 232,283 232,895 11,547 11,547 11,547 333,263 344,810 |
Prior 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 |
|---|---|---|---|
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.
11
Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2022
Roselands Pre School Highamwood Limited - Resources applied in the year ended 31 August 2022 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 |
2022 £ 11,547 (2,951) - 8,596 |
2021 £ 14,750 (763) - 13,987 |
|---|---|---|
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.
12
Roselands Pre School Highamwood Limited - Statement of Financial Activities for the year ended 31 August 2022
Movements in revenue and capital funds for the year ended 31 August 2022
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 2022 £ 89,531 11,547 101,078 101,078 Designated Funds 2022 £ 243,732 243,732 |
Restricted Funds 2022 £ - - - - Restricted Funds 2022 £ - - |
Total Funds 2022 £ 89,531 11,547 101,078 101,078 Total Funds 2022 £ 243,732 243,732 |
Last year Total Funds 2021 £ 74,781 14,750 89,531 89,531 Last year Total Funds 2021 £ 243,732 243,732 |
|---|---|---|---|---|
The purposes of the transfers to fixed asset funds are described in Note 18 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
| Summary of funds Unrestricted and Designated funds 2022 £ Revenue accumulated funds 101,078 Fixed asset funds 243,732 Total funds 344,810 |
Restricted Funds 2022 £ - - - |
Total Funds 2022 £ 101,078 243,732 344,810 |
Last Year Total Funds 2021 £ 89,531 243,732 333,263 |
|---|---|---|---|
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 2022
Roselands Pre School Highamwood Limited
Income and Expenditure Account for the year ended 31 August 2022 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 Fundraising costs 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 |
2022 £ 244,327 115 244,442 244,442 222,039 7,604 612 2,640 - 232,895 11,547 - 11,547 11,547 |
2021 £ 281,593 1,941 283,534 283,534 258,442 7,632 - 2,710 - 268,784 14,750 - 14,750 14,750 |
|---|---|---|
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.
14
Roselands Pre School Highamwood Limited - Balance Sheet as at 31 August 2022
| SORP | ||||||
|---|---|---|---|---|---|---|
| Note | Ref | 2022 | 2021 | |||
| £ | £ | |||||
| Fixed assets | A | |||||
| Tangible assets | 11 | A2 | 13,631 | 18,284 | ||
| Current assets | B | |||||
| Debtors | 12 | B2 | 2,057 | (188) | ||
| Cash at bank and in hand | B4 | 333,764 | 318,916 | |||
| Total current assets | 335,821 | 318,728 | ||||
| Creditors: amounts falling due within | ||||||
| one year | 13 | C1 | (4,642) | (3,749) | ||
| Net current assets | 331,179 | 314,979 | ||||
| The total net assets of the charity | 344,810 | 333,263 | ||||
| The total net assets of the charity are | funded | by the | funds of the | charity, as follows:- | ||
| Unrestricted Funds | - | - | ||||
| Unrestricted Revenue Funds | 16 | D3 | 101,078 | 89,531 | ||
| Designated Funds | 101,078 | 89,531 | ||||
| Designated Fixed Asset Funds | 16 | D3 | 243,732 | 243,732 | ||
| 243,732 | 243,732 | |||||
| Total charity funds | 344,810 | 333,263 |
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 4th May 2023
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 2022
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 2022
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 2022
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 | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| The net surplus before tax in the financial year is stated after charging:- | ||
| Depreciation of owned fixed assets | 7,604 | 7,632 |
| Pension costs | 4,637 | 2,739 |
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 |
2022 £ 185,076 - 4,637 189,713 15 1 9 in the year wa 9 9 |
2021 £ 198,977 8,646 2,739 210,362 17 1 10 s:- 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
10
7
18
Roselands Pre School Highamwood Limited
Notes to the Accounts for the year ended 31 August 2022
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 Deferred income - Unrestricted and Designated funds
| Current Year 11 Tangible fixed assets Current Year Cost At 1 September 2021 Additions At 31 August 2022 Depreciation At 1 September 2021 Charge for the year At 31 August 2022 Net book value At 31 August 2022 At 31 August 2021 Prior Year Cost 31 August 2020 Additions 31 August 2021 Depreciation 31 August 2020 Charge for the year 31 August 2021 Net book value 31 August 2021 31 August 2020 |
Opening Deferrals Land and Buildings £ 250,968 - 250,968 234,138 6,525 240,663 10,305 16,830 Land and Buildings 250,968 - 250,968 227,610 6,528 234,138 16,830 23,358 |
Released from prior years Plant & Machinery £ 21,810 2,951 24,761 20,356 1,079 21,435 3,326 1,454 Plant & Machinery 21,047 763 21,810 19,252 1,104 20,356 1,454 1,795 |
Received less released in year Motor Vehicles £ - - - - - - - - Motor Vehicles - - - - - - - - |
Deferred at year end Total £ 272,778 2,951 275,729 254,494 7,604 262,098 13,631 18,284 Total 272,015 763 272,778 246,862 7,632 254,494 18,284 25,153 |
|---|---|---|---|---|
19
Roselands Pre School Highamwood Limited
Notes to the Accounts for the year ended 31 August 2022
12 Debtors
| Trade debtors Prepayments and accrued income Other debtors 13 Creditors: amounts falling due within one year Trade creditors Accruals PAYE, NIC VAT and other taxes 14 Income and Expenditure account summary At 1 September 2021 Surplus after tax for the year At 31 August 2022 |
2022 £ 615 1,281 161 2,057 2022 £ 291 2,640 1,711 4,642 2022 £ 333,263 11,547 344,810 |
2021 £ (1,480) 1,131 161 (188) 2021 £ (603) 2,640 1,712 3,749 2021 £ 318,513 14,750 333,263 |
|---|---|---|
15 Particulars of how particular funds are represented by assets and liabilities
| At 31 August 2022 Tangible Fixed Assets Current Assets Current Liabilities At 1 September 2021 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ (230,101) 335,821 (4,642) 101,078 Unrestricted funds £ (225,448) 318,728 (3,749) 89,531 |
Designated funds £ 243,732 - 243,732 Designated funds £ 243,732 - - 243,732 |
Restricted funds £ - - - - Restricted funds £ - - - - |
Total Funds £ 13,631 335,821 (4,642) 344,810 Total Funds £ 18,284 318,728 (3,749) 333,263 |
|---|---|---|---|---|
20
Roselands Pre School Highamwood Limited
Notes to the Accounts for the year ended 31 August 2022
16 Change in total funds over the year as shown in Note 15 , 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 2021 £ 89,531 243,732 333,263 333,263 |
Movement in funds in 2022 See Note 17 £ 11,547 - 11,547 11,547 |
See Note 0 £ - - - - Transfers between funds in 2022 |
Funds carried forward to 2023 £ 101,078 243,732 344,810 344,810 |
|---|---|---|---|---|
17 Analysis of movements in funds over the year as shown in Note 16
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2022 £ 244,442 244,442 |
Expenditure 2022 £ (232,895) (232,895) |
Other Gains & Losses 2022 £ - - |
Movement in funds 2022 £ 11,547 11,547 |
|---|---|---|---|---|
18 The purposes for which the funds as detailed in note 16 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.
19 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.
21
Roselands Pre School Highamwood Limited
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
20 Donations, Grants and Legacies
----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2022 2022 2022 2021
£ £ £ £
Donations and gifts from individuals
Small donations individually less than £1000 3,812 - 3,812 2,381
Total donations and gifts from -
3,812 3,812 2,381
individuals
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2022 2022 2022 2021
£ £ £ £
Revenue grants from government and
public bodies
Small grants individually less than £1000 216 - 216 174
JRS (Furlough) Grants - - - 13,601
Sevington Pre-school - - - 4,145
COMF Grant
- -
5,439 5,439
-
Total public sector revenue grants 5,655 5,655 17,920
Total Donations, Grants and Legacies
Total Donations, Grants and A1 9,467 - 9,467 20,301
Legacies
21 Income from charitable activities - Trading Activities
Current year Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total funds
Funds Funds
2022 2022 2022 2021
£ £ £ £
Primary purpose and ancillary trading
Fund Raising Activities 2,048 - 2,048 4,136
Tempest Photography - - - 87
Preschool Development Fund 2,735 - 2,735 1,395
Provision of nursery care services 28,824 - 28,824 41,762
Lunch Club & wrap round care 24,878 - 24,878 22,637
- -
Early Start 2,035 2,035
Admin fees 140 - 140 420
Total Primary purpose and ancillary -
60,660 60,660 70,437
trading
----- End of picture text -----
22
Roselands Pre School Highamwood Limited
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
| Funding for provision of nursery care services Total Charitable income from funders:- 22 Current year Total income from charitable trading Income from funders Total from charitable activities A2 23 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 2022 £ 173,996 204 174,200 Unrestricted Funds 2022 £ 174,200 Current year Unrestricted Funds 2022 £ 60,660 174,200 234,860 Current year Unrestricted Funds 2022 £ 115 115 |
Current year Funds 2022 £ - - - Restricted Funds 2022 £ - Current year Restricted Funds 2022 £ - - - Current year Restricted Funds 2022 £ - - |
Current year Total Funds 2022 £ 173,996 204 174,200 Total Funds 2022 £ 174,200 Current year Total Funds 2022 £ 60,660 174,200 234,860 Current year Total Funds 2022 £ 115 115 |
Prior Year Total Funds 2021 £ 188,323 2,532 190,855 Prior Year Total Funds 2021 £ 190,855 Prior Year Total Funds 2021 £ 70,437 190,855 261,292 Prior Year Total Funds 2021 £ 1,941 1,941 |
|---|---|---|---|---|
23
Roselands Pre School Highamwood Limited
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
24 Expenditure on charitable activities - Direct spending
| Current year Current year Current Year Unrestricted Funds Restricted Funds 2022 2022 £ £ 185,076 - - - 4,637 - 3,308 - 3,190 - 1,869 - 2,258 - 450 - 3,503 - Total direct spending B2a 204,291 - 25 Current year Current year Current Year Unrestricted Funds Restricted Funds 2022 2022 £ £ Premises Expenses 2,044 - 1,432 - - - 1,053 - 3,851 - 2,498 - 1,388 - - - Administrative overheads 2,538 - - - 2,530 - 363 - Professional fees paid to advisors other than the auditor or examiner 48 - Financial costs 3 - 7,604 - Support costs before reallocation 25,352 - Total support costs - Current Year 25,352 - 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 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 Bank charges Rates and water charges |
Current year Total Funds 2022 £ 185,076 - 4,637 3,308 3,190 1,869 2,258 450 3,503 204,291 Current year Total Funds 2022 £ 2,044 1,432 - 1,053 3,851 2,498 1,388 - 2,538 - 2,530 363 48 3 7,604 25,352 25,352 |
Prior Year Total Funds 2021 £ 198,977 8,646 2,739 2,742 1,613 2,209 1,281 183 3,834 222,224 Prior 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 43,850 43,850 - - - |
|---|---|---|
24
Roselands Pre School Highamwood Limited
Detailed analysis of income and expenditure for the year ended 31 August 2022 as required by the SORP 2015
26 Other Expenditure - Governance costs
| Current Year Independent Examiner's fees Total Governance costs All the expenditure in the prior year was unrestricted. 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. Prior Year Total direct spending B2a Total support costs B2d Total Governance costs B2e Total charitable expenditure B2 |
Current year Unrestricted Funds 2022 £ 2,640 2,640 Current year Unrestricted Funds 2022 £ 204,291 25,352 2,640 232,283 Prior Year Unrestricted Funds 2021 £ 222,224 43,850 2,710 268,784 |
Current year Restricted Funds 2022 £ - - Current year Restricted Funds 2022 £ - - - - Prior Year Restricted Funds 2021 £ - - - - |
Current year Total Funds 2022 £ 2,640 2,640 Current year Total Funds 2022 £ 204,291 25,352 2,640 232,283 Prior Year Total Funds 2021 £ 222,224 43,850 2,710 268,784 |
Prior Year Total Funds 2021 £ 2,710 2,710 Prior Year Total Funds 2021 £ 222,224 43,850 2,710 268,784 |
|---|---|---|---|---|
27 Total Charitable expenditure
28 Expenditure on raising funds and costs of investment management
| Current Year Cost of fundraising activities Total fundraising costs B1 |
Current year Unrestricted Funds 2022 £ 612 612 |
Current year Restricted Funds 2022 £ - - |
Current year Prior Year Total Funds Total Funds 2022 2021 £ £ 612 - 612 - |
|---|---|---|---|
25
Roselands Pre School Highamwood Limited
Activity analysis of Income and expenditure for the for the year ended 31 August 2022
| This analysis is classsified by activity and not by conventional 29 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 30 Analysis of charitable expenditure by activity Direct costs Support costs 2022 2022 £ £ Development and education of pre-school children Direct costs 204,291 - Premises expenses - 12,266 Administrative overheads - 5,431 Professional fees - 48 Financial costs - 7,607 204,291 25,352 Direct costs Support costs 2022 2022 £ £ 204,291 25,352 - 2,640 204,291 27,992 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 26 Total Development and education of pre-school children Income from charitable activities Activity |
This analysis is classsified by activity and not by conventional 29 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 30 Analysis of charitable expenditure by activity Direct costs Support costs 2022 2022 £ £ Development and education of pre-school children Direct costs 204,291 - Premises expenses - 12,266 Administrative overheads - 5,431 Professional fees - 48 Financial costs - 7,607 204,291 25,352 Direct costs Support costs 2022 2022 £ £ 204,291 25,352 - 2,640 204,291 27,992 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 26 Total Development and education of pre-school children Income from charitable activities Activity |
nominal descriptions. 2022 £ 234,860 234,860 9,467 115 244,442 244,442 |
nominal descriptions. 2022 £ 234,860 234,860 9,467 115 244,442 244,442 |
2021 - 261,292 261,292 20,301 1,941 283,534 283,534 |
|---|---|---|---|---|
| Support costs 2022 £ - 12,266 5,431 48 7,607 25,352 Support costs 2022 £ 25,352 2,640 27,992 |
Grant funding 2022 £ - - - - - - Grant funding 2022 £ - - - |
Total 2022 £ 204,291 12,266 5,431 48 7,607 229,643 Total 2022 £ 229,643 2,640 232,283 |
Total 2021 £ 203,613 9,244 5,978 5,522 7,717 232,074 Total 2021 £ 266,074 2,710 268,784 |
26