Trustee Annual Report AGM
November 2022
Firstly, I would like to say a massive thank you to everyone on the committee for pulling together and staying strong throughout some extremely tough times this year. Also, a massive thank you to the Preschool Staff for their ongoing hard work and effort on a daily basis to ensure that we can provide the best possible start to education for these young children.
Since November last year, as a preschool we have encountered a lot both academically and financially. With the cost of living having an impact on all areas we have faced some extremely challenging situations. Alongside this the Preschool has seen an increase in children requiring additional support and as a setting we have been able to get some insight and guidance from our Early Years Consultant.
Earlier in the year we received some positive news regarding ongoing staff development. Mandy has been signed off and is now a qualified member of the team and has also taken on her Designated Safeguard Lead training. We had Sue join us as a new practitioner in the pre-school and are very fortunate to have her expertise within the team.
We joined the country in marking the Queens Jubilee and supported Padbury CE School PFA at the Padbury Village Jubilee Fun day, baking cakes for afternoon Tea. Christmas time saw Father Christmas visit the preschool children and deliver their gifts. Alongside this we ran a tombola stall at the Christmas Tree Festival.
A go Fund- Me page was created for us to begin fundraising towards a new building and this was highlighted in the local newspaper.
Weather conditions around March time had an impact on every setting, as we were advised to close due to the adverse weather conditions, however this didn’t stop us from encouraging our children to dress up for World Book Day upon their return. March also saw a Mother’s Day tea party, where parents came for tea and cake.
Preschool pupils have learnt about Spring and the change in seasons, most notably around Easter time. This is when the Lambs attend the pre-school, and the children were able to interact and feed them.
Padbury CE School PFA kindly donated enrichment funds to the preschool which was spent on Phonics Fox. The children are enjoying this along with the staff as they learn sounds, letter formation, songs and crafts.
Preschool children had a visit from Jill Blakely (committee member) but also a local artist who ran a few sessions and made some artwork with the children. They also went on an art trail around the village.
July saw the sunshine and the return of sports day on the school playground. This was a fun packed morning where all children took part in some races, followed by a picnic lunch and leavers ceremony.
This academic year has seen the preschool explore the Autumnal weather and host a grandparent day.
This year we have worked closely with the school PFA to support fundraising events and have been able to offer our space to them for their preloved uniform shop.
Recently the children have been able to access the local public transport and head into Winslow to do a pumpkin trail and visit the local Fire Station. Teaching the children about independence and modes of transport the staff took them on the Bus Journey.
With the ever-changing climate and financial situation, we continue to look for support and fundraising ideas. As well as new committee members to bring fresh an inspiring ideas. As a committee we would like to continue to build on the positive relationships we have with both school and the PFA.
Charity registratlon number 1139219 Company registration numbèr 06668931 (England and Walos) PADBURY pRECHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2022
PADBURY PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustees C A McHenry Cmmiah J K Blakey RABrO Secretary CAMcHenry Charity number 1139219 Company number 06568931 Princlpal address Padbury Pre School Building Padbury C of E School Main Street Padbury Buckinghamshire MK18 2AP Registered office Padbury Pre School Building Padbury C of E School Main Street Padbury Buckinghamshire MK18 2AP Independent examiner Ad Val¢fem Accountancy Servtce8 Ltd 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keyne5 Buckinghamshire MK12 5NN
PADBURY PRE-SCHOOL CONTENTS Page Trustees, report Independent examinerfs ieport Statement of financid 8Ctivrties Balance sheet Notes to the finan¢ial slalemenls 5-11
PADBURY PRE-SCHOOL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 AUGUST2022 The trustees present their annual report and financial slal&ments for the year ended 30 August 2022. The financial statements have been prepared in accordance with the accounting polieies set out in note 1 to the financial statements and comply with the ch?rilable company's Igoveming documentl, the Companies Act 2006 and Accounting and Reporting by Chanties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectivos and actlvltles The trustees have paid due gard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. Achlgvements and performanco Financial revlgw The trustees have assessed the major risks to which th& tharilable company is exposed. and are salisfied thal systems are in place to mitigate exposure to the major risks. Structure. governance and management The pr&school operates as a not for profil company Ilimiled by guaranteel regisleled with Companies House and we hold charitable slalus. Vve employ seven part-time staff and provide services lo many local, 2-5 years old children. Although we are a company, we are sel up as a committee with a chairperson, treasurer and secretsry so that there are clear roles for all involved. The trustees. who aré also the directors for the purposè of company law, and who served durlng the year and up to the dale of signature of the financial stslements were.. C A McHenry B A Foord Cmmiah J K Blakey R A Brown THJelf S E Dalton (Resigned 13 June 2022) (Resigned 13 January 2022) IR&signed 18 October 20211 None of the trustees has any beneficial interest in the eompany. All of the trustees are members of the company and guarantee lo conlribute £1 in the event of a winding up. The trustees. report was approved by the Board of Trusteos. CA McHenry Tiustee Dated.. 12 June 2023
PADBURY PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRE-SCHOOL l Teport to the trustees on my examination of the financial slalemenls of Padbury Pre-S¢hool (the chariiable company) for the year ended 30 August 2022. Responsibllitles and basls of report As the trustees of the charitable company {and also its directors for Ihe purposes of company lawl you are responsible for the preparation of the financial statements in aecordance with the requirements of the CompaniesAct 2006 (the 2006 Acti. Having satisfied myself that the financial statements of the chantable eompany are not required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examination, I reptsrt in respect of my examination of the charitable company's financial statements carried out under section 145 of the Chanties A¢1 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Diiections given by the Charity Commission under sedion 14515)Ib} of the 2011 Act. Independent ex8minerf$ statgment I have completed my examination I confirm that no matters have come lo my attentson in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act,. or the financial statements rlo not accord with those records.. or Ihe financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ITue and fair view which is not a matter considwed as part of an independent examination,. or the financkAI statements have not been preparad in aecordance with the m¢thod$ and principles of the Statement of Recommended Practice for aoUntIng and reporting by charities applicable lo charities preparing their accounts in accordan wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conceins and have come across no other matters in ConneCtn wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statemeftts to be reached. Tom Fool FCA Honorary Reporb'ng Accountant 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keyn¢s Buckinghamshire MK12 5NN Dated.. 12 June 2023
PADBURY PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FQR THE YEAR ENDED 30 AUGUST 2022 Unrestrictsd Restricted funds funds 2022 2022 Total Unre8tr1¢ted Restrlcted funds funds 2021 2021 Totsl 2022 2021 Notes Income fr Donations and legacies Charitable activities Other trading activitses Investments 4,876 65,478 5.445 10,321 65,478 1,824 58,971 2,199 4,023 58,971 211 211 Total income 70,5e6 5,445 76,011 60,798 2,199 62,997 Ex enditure n.. Charitable activities 77,400 8,081 85,481 67,574 6,860 74,434 Net expendlture for the yearl Net rnovement In funds 16.834 12.6361 19.470} 16,776) 14,6611 111,437) Fund balances at 1 September 2021 17,989 90,363 108,352 24,765 95,024 119.789 Fund balances at 30 August 2022 11,155 87,727 98,882 17,989 90.363 108,352 The ststemenl of financial activities includes all gains and losses recoynised in the year. All income and expenditure derive from continuing adivrties. The statement of financial activities also complies with the requirements for an income and expendrture account under the Companies Act 2006.
PADBURY PRE-SCHOOL BALANCE SHEET ASAT30AUGUST2022 2022 2021 Notes Fixed assets Tangible assets 10 80.502 85,385 Current assets Cash al bank and in hand 18.903 23,606 Credltors: amounts falllng due wlthin one year 11 15231 1639} Net current assets 18,380 22,967 Total assots less cuffènt Ilablllties 98,882 108,352 Income funds Restricted funds Unrestricted funds 12 87,727 11,155 90,363 17,989 98.882 108,352 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 August 2022. The director acknOedge$ her responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial ststements. The members have not required the company lo obtain an audit of ils financial staloments for the year in questlon in accordance with section 476. These financial statements have been propared in accordance with the provisions applicable to companies subject to the small wmpanies regime. The financial statem8nts were approved by the Trustee5 on 12 June 2023 CA McHenry Trustee Company reglstration numb&r 06568931
PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30AUGUST 2022 Accountlng policles Charity information Padbury Pre-school is a private company limited by guarantee incorporated in England and Wales. The regISted office is Padbury Pre School Building, Padbury C of E School, Main Street, Padbury, 8uckingh8mshire, MK18 2AP, United Kingdom. 1.1 Accounting conventlon The financial statements have been prepaied in accordance bmth the charitable company's Igoverning documenti, the Companies Act 2006, FRS 102 'The Finanaal Reporting Standard applieable in the UK and Republie of Ireland I'FRS 102°) and the Charities SORP "A¢counts'ng and Reporting by Charities." Statement of Recommended PTacty'¢e applicab lo charities preparing their accounts in &CrdanCe with the FInCIal Reporting Standard applicable In the UK and Republic Of Ireland IFRS 1021" leffeclive 1 January 20191. The charitable company 18 a Public Benefrt Entity as defined by FRS 102. The charitable company has tsken advantage of the provisions in the SORP for tharilies not to prerBre Stslemenl of Cash Flows. The financial stslemenls are prepared in sterling, which is the funetional cunency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain fi'nancial instruments at fair valuel. The pnnapal aOUntIng policies adopted a sel out below. 1.2 Golng concern These finaneial statements are prepared on the going concem basis. The Iruslees have a reasonab expectation that the charitable company will continue in operational existence for the foreseeable fjjture. The Iruslees continue lo adopt the going concern basis of of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherartce of their charitsble objethves. Restrieted funds are subject to specific conditions by donots as lo how they may be used. The purpK)$es and uses of the restricted funds are sel out in the notes to the financial slalemenls. Endowment funds are subject to spacific wnditions by don¢XS that th& Capital must be maintsined by the charitable ct)mpany. 1.4 Income Income is recognised when the charitsble company is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and rt is probable that income wll be received. Cash donations are recognis8d on recelpt. Other donations are recognised once the charitable company has been nolilied of the donatlon. unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is regniSed at the tsme of the donation. Legacies are recognised on receipt or otherwise if the ch8rrtable company has been notified of an npendIng distribution. the amount is known, and receipt is expected. If the amount is not known, the lega¢y is treated as a contingent asset.
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30AUGUST 2022 Accounting policies Icontlnued) 1.6 Expenditure Expenditure is recognised On there is a legal or conslruclive obligation lo transfer economic benefit lo a third paty. it is probable that a transfer of economic benefrts will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is Classified by activty. The costs of each adivty are made up of the lolal of dir1 costs and shared costs. including support costs involved in undertaking each activity. Direct costs allributable to a single actsvity a allocated directly lo that activity. Shared costs whieh contribute to tTr)re than one activity and support costs which are not attributable lo a single adivity are apw)rtioned between those activities on a baws ¢onsistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreaation tharges are allocated on the portion of the asset's use. 1.8 Tangiblo flxed assèts Tangible fixed assets a initially measured al eost and subsequently measuied al cosl or valuation, net of depreciation and any impaimignl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over Iheir useful lives on the following bases-. Freehold land and buildings Fik#ures and fittings 5% Reducing balance 15% Reducing balance The gain or loss arising on the disposal of an asset is determined as the differen between the sale proceeds and the carying value of the asset. and is rewgnised in the statement of financial activities. 1.7 Impaimient of fixed assèts At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets lo detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recover?ble amount of the asset is estimated in order to determine the extent of the impairment loss lif anyl. 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held al call wtth banks, other short-lerm liquid investments wrth original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 8asi¢ flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaelion price includin9 transaction costs and are subsequently carried at amortised mst using the effective interest method unless the arrangement conslilutes a financing transaction, where the Ifansaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets elassified as reoivable within one year are not arnortised.
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 30 AUGUST 2022 Accounting pollcles Icontlnuedl Basic financial Ilabilities Basi¢ financial liabilib"es, including ¢redilors and bank loans are initially recognised at transaction price unless the arrangement constrtutes a financing transaction, where the debt instrument is measured al the present value of the frjture payments diseounted al a market rale of interest. Finarrial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently earriod al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary course of operations from SuplerS. Amounts payable are classified as current liabilities If payment is due within one year or less. If not. they are presented as non-currenl li8bililies. Trade creditors are rocognised initially at tr8nsacb.on price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financial liabllities Financial liabilrties are d&reGognised when the ehaiilable company's contractual obligations expire or are discharged or canlled. 1.9 Retlrement b•neflts Payments lo defined contribution retirement benefrt schemes are charged as an expense as they fall due. Donations and legacles Unre5trlcted Restrlcted funds funds Total Unrestricted funds Restricted ftjnds Total 2022 2022 2022 2021 2021 2021 Donations and gifts CJRS grant Other grants 4.488 5,445 9.933 175 1,649 2,199 2,374 1,649 388 388 4,876 5,445 10.321 1,824 2,199 4.023 Charitable actlvities Charitable Charttable Ineome Income 2022 2021 Sales within charitsble activities 65.478 58,971
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 Other tradlng activities Unrestrlcted funds Total 2022 2021 Fundraising events 211 Investments Unr•slrlcted Unrestricted funds funds 2022 2021 Interest receivable
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30AUGUST2022 Charltsble actlvlties Charltable Charitablo Expendlturè Expenditure 2022 2021 Staff costs Depreciation and impaimenl Training Computer and intemet costs Consumables for children Rates and water Insurance Light arKI heal Telephone Premises serviees charge Repairs and maintenance Sundries Printing and stationery Bank charges Membership fees Accountsncy fees 82,062 4,883 2,274 931 1,669 50,663 5.254 931 1,846 479 948 1,453 809 450 5.809 1,520 911 144 175 1,200 1,055 1,718 640 450 4,267 2,933 762 290 150 600 85,468 73.100 Storage cost Share of govemanee costs Isee note ) 1,321 13 13 85,481 74,434 Analy$ls by fund Unreslricled funds Restricted funds 77,400 8,081 67,574 6,860 85.481 74,434 Tru$tee$ None of the trustees lor any persons connected wth them) retsived any remuneratron or beneffts from the charitable company during the year. Employee5 The average monthly number of employees during the year was.. 2022 Numbftr 2021 Number
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 Employoes Icontinuedl Employment costs 2022 2021 Wages and salaries Olher pensi¢Jn costs 60,899 1,163 50,137 526 62,062 50,663 There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempt from lax on income and gains falling within section 505 of the Taxes Aet 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these ar& applied to its charitable objects. 10 Tanglble fixed assets Freehold land Fixtures and buildings fittln9S Total Cost At 1 Septsmber 2021 126,087 15,694 141,781 AI 30 August 2022 126,087 15,694 141.781 Deprgclatlon and Impaimient At 1 September 2021 Depreciation charged in the year 46,841 3.962 9,555 921 56,396 4,883 At 30 August 2022 50,803 10.476 61,279 Carylng amount AI 30 August 2022 75,284 5,218 80,502 Al 31 August 2021 79,246 8,139 85.385 11 Creditors: amounts falllng due wlthin one year 2022 2021 other taxation and social security Other creditors 63 576 279 523 639 10-
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 12 Restrlcted funds The income ftjnds of the charity include Teslricted ftjnds comprising the followng unexpended balanS of donations and grants held on trust for specrfic purposes". Movement In funds Incomlng Resources Balancg at r080ur¢es expendfjd 1 Septembfrr 2021 Movement in funds Incomln9 Resources Èsources exnded Balance at 1 SoPtemb&r 2020 Balanc8 at 30 Augu8t 2022 Building General 94,201 823 190 2,008 (5,254} 11,6051 89,136 1,226 {4,8831 13.198) 84,253 3,473 5,445 95.024 2,198 16,8591 90,363 5,445 18,0811 87,727 13 Analysb of net assets between funds Unrèstricted Restricted nds funds 2022 2022 Total Unrestricted Restrlcted funds funds 2021 2021 Total 2022 2021 Fund balances at 30 August 2022 aro represented by.. Tangible assets Current asselsllliabililiesl 80,502 7,225 80,502 18.380 11.155 85,385 4,978 85,385 22,967 17,989 11,155 87,727 98,882 17,989 90,363 108,352 14 Related party transactions There were no disclosable r8laled paty tr8nsa¢h"ons during the year12021 none). 11
Charity registratlon number 1139219 Company registration numbèr 06668931 (England and Walos) PADBURY pRECHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2022
PADBURY PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustees C A McHenry Cmmiah J K Blakey RABrO Secretary CAMcHenry Charity number 1139219 Company number 06568931 Princlpal address Padbury Pre School Building Padbury C of E School Main Street Padbury Buckinghamshire MK18 2AP Registered office Padbury Pre School Building Padbury C of E School Main Street Padbury Buckinghamshire MK18 2AP Independent examiner Ad Val¢fem Accountancy Servtce8 Ltd 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keyne5 Buckinghamshire MK12 5NN
PADBURY PRE-SCHOOL CONTENTS Page Trustees, report Independent examinerfs ieport Statement of financid 8Ctivrties Balance sheet Notes to the finan¢ial slalemenls 5-11
PADBURY PRE-SCHOOL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 AUGUST2022 The trustees present their annual report and financial slal&ments for the year ended 30 August 2022. The financial statements have been prepared in accordance with the accounting polieies set out in note 1 to the financial statements and comply with the ch?rilable company's Igoveming documentl, the Companies Act 2006 and Accounting and Reporting by Chanties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectivos and actlvltles The trustees have paid due gard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. Achlgvements and performanco Financial revlgw The trustees have assessed the major risks to which th& tharilable company is exposed. and are salisfied thal systems are in place to mitigate exposure to the major risks. Structure. governance and management The pr&school operates as a not for profil company Ilimiled by guaranteel regisleled with Companies House and we hold charitable slalus. Vve employ seven part-time staff and provide services lo many local, 2-5 years old children. Although we are a company, we are sel up as a committee with a chairperson, treasurer and secretsry so that there are clear roles for all involved. The trustees. who aré also the directors for the purposè of company law, and who served durlng the year and up to the dale of signature of the financial stslements were.. C A McHenry B A Foord Cmmiah J K Blakey R A Brown THJelf S E Dalton (Resigned 13 June 2022) (Resigned 13 January 2022) IR&signed 18 October 20211 None of the trustees has any beneficial interest in the eompany. All of the trustees are members of the company and guarantee lo conlribute £1 in the event of a winding up. The trustees. report was approved by the Board of Trusteos. CA McHenry Tiustee Dated.. 12 June 2023
PADBURY PRE4CHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRE-SCHOOL l Teport to the trustees on my examination of the financial slalemenls of Padbury Pre-S¢hool (the chariiable company) for the year ended 30 August 2022. Responsibllitles and basls of report As the trustees of the charitable company {and also its directors for Ihe purposes of company lawl you are responsible for the preparation of the financial statements in aecordance with the requirements of the CompaniesAct 2006 (the 2006 Acti. Having satisfied myself that the financial statements of the chantable eompany are not required lo be audiled under Part 16 of the 2006 Act and are eligible for independent examination, I reptsrt in respect of my examination of the charitable company's financial statements carried out under section 145 of the Chanties A¢1 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Diiections given by the Charity Commission under sedion 14515)Ib} of the 2011 Act. Independent ex8minerf$ statgment I have completed my examination I confirm that no matters have come lo my attentson in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act,. or the financial statements rlo not accord with those records.. or Ihe financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ITue and fair view which is not a matter considwed as part of an independent examination,. or the financkAI statements have not been preparad in aecordance with the m¢thod$ and principles of the Statement of Recommended Practice for aoUntIng and reporting by charities applicable lo charities preparing their accounts in accordan wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conceins and have come across no other matters in ConneCtn wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statemeftts to be reached. Tom Fool FCA Honorary Reporb'ng Accountant 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keyn¢s Buckinghamshire MK12 5NN Dated.. 12 June 2023
PADBURY PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FQR THE YEAR ENDED 30 AUGUST 2022 Unrestrictsd Restricted funds funds 2022 2022 Total Unre8tr1¢ted Restrlcted funds funds 2021 2021 Totsl 2022 2021 Notes Income fr Donations and legacies Charitable activities Other trading activitses Investments 4,876 65,478 5.445 10,321 65,478 1,824 58,971 2,199 4,023 58,971 211 211 Total income 70,5e6 5,445 76,011 60,798 2,199 62,997 Ex enditure n.. Charitable activities 77,400 8,081 85,481 67,574 6,860 74,434 Net expendlture for the yearl Net rnovement In funds 16.834 12.6361 19.470} 16,776) 14,6611 111,437) Fund balances at 1 September 2021 17,989 90,363 108,352 24,765 95,024 119.789 Fund balances at 30 August 2022 11,155 87,727 98,882 17,989 90.363 108,352 The ststemenl of financial activities includes all gains and losses recoynised in the year. All income and expenditure derive from continuing adivrties. The statement of financial activities also complies with the requirements for an income and expendrture account under the Companies Act 2006.
PADBURY PRE-SCHOOL BALANCE SHEET ASAT30AUGUST2022 2022 2021 Notes Fixed assets Tangible assets 10 80.502 85,385 Current assets Cash al bank and in hand 18.903 23,606 Credltors: amounts falllng due wlthin one year 11 15231 1639} Net current assets 18,380 22,967 Total assots less cuffènt Ilablllties 98,882 108,352 Income funds Restricted funds Unrestricted funds 12 87,727 11,155 90,363 17,989 98.882 108,352 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 August 2022. The director acknOedge$ her responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial ststements. The members have not required the company lo obtain an audit of ils financial staloments for the year in questlon in accordance with section 476. These financial statements have been propared in accordance with the provisions applicable to companies subject to the small wmpanies regime. The financial statem8nts were approved by the Trustee5 on 12 June 2023 CA McHenry Trustee Company reglstration numb&r 06568931
PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30AUGUST 2022 Accountlng policles Charity information Padbury Pre-school is a private company limited by guarantee incorporated in England and Wales. The regISted office is Padbury Pre School Building, Padbury C of E School, Main Street, Padbury, 8uckingh8mshire, MK18 2AP, United Kingdom. 1.1 Accounting conventlon The financial statements have been prepaied in accordance bmth the charitable company's Igoverning documenti, the Companies Act 2006, FRS 102 'The Finanaal Reporting Standard applieable in the UK and Republie of Ireland I'FRS 102°) and the Charities SORP "A¢counts'ng and Reporting by Charities." Statement of Recommended PTacty'¢e applicab lo charities preparing their accounts in &CrdanCe with the FInCIal Reporting Standard applicable In the UK and Republic Of Ireland IFRS 1021" leffeclive 1 January 20191. The charitable company 18 a Public Benefrt Entity as defined by FRS 102. The charitable company has tsken advantage of the provisions in the SORP for tharilies not to prerBre Stslemenl of Cash Flows. The financial stslemenls are prepared in sterling, which is the funetional cunency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain fi'nancial instruments at fair valuel. The pnnapal aOUntIng policies adopted a sel out below. 1.2 Golng concern These finaneial statements are prepared on the going concem basis. The Iruslees have a reasonab expectation that the charitable company will continue in operational existence for the foreseeable fjjture. The Iruslees continue lo adopt the going concern basis of of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherartce of their charitsble objethves. Restrieted funds are subject to specific conditions by donots as lo how they may be used. The purpK)$es and uses of the restricted funds are sel out in the notes to the financial slalemenls. Endowment funds are subject to spacific wnditions by don¢XS that th& Capital must be maintsined by the charitable ct)mpany. 1.4 Income Income is recognised when the charitsble company is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and rt is probable that income wll be received. Cash donations are recognis8d on recelpt. Other donations are recognised once the charitable company has been nolilied of the donatlon. unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is regniSed at the tsme of the donation. Legacies are recognised on receipt or otherwise if the ch8rrtable company has been notified of an npendIng distribution. the amount is known, and receipt is expected. If the amount is not known, the lega¢y is treated as a contingent asset.
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30AUGUST 2022 Accounting policies Icontlnued) 1.6 Expenditure Expenditure is recognised On there is a legal or conslruclive obligation lo transfer economic benefit lo a third paty. it is probable that a transfer of economic benefrts will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is Classified by activty. The costs of each adivty are made up of the lolal of dir1 costs and shared costs. including support costs involved in undertaking each activity. Direct costs allributable to a single actsvity a allocated directly lo that activity. Shared costs whieh contribute to tTr)re than one activity and support costs which are not attributable lo a single adivity are apw)rtioned between those activities on a baws ¢onsistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreaation tharges are allocated on the portion of the asset's use. 1.8 Tangiblo flxed assèts Tangible fixed assets a initially measured al eost and subsequently measuied al cosl or valuation, net of depreciation and any impaimignl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over Iheir useful lives on the following bases-. Freehold land and buildings Fik#ures and fittings 5% Reducing balance 15% Reducing balance The gain or loss arising on the disposal of an asset is determined as the differen between the sale proceeds and the carying value of the asset. and is rewgnised in the statement of financial activities. 1.7 Impaimient of fixed assèts At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets lo detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recover?ble amount of the asset is estimated in order to determine the extent of the impairment loss lif anyl. 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held al call wtth banks, other short-lerm liquid investments wrth original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 8asi¢ flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaelion price includin9 transaction costs and are subsequently carried at amortised mst using the effective interest method unless the arrangement conslilutes a financing transaction, where the Ifansaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets elassified as reoivable within one year are not arnortised.
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 30 AUGUST 2022 Accounting pollcles Icontlnuedl Basic financial Ilabilities Basi¢ financial liabilib"es, including ¢redilors and bank loans are initially recognised at transaction price unless the arrangement constrtutes a financing transaction, where the debt instrument is measured al the present value of the frjture payments diseounted al a market rale of interest. Finarrial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently earriod al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or service5 that have been acquired in the ordinary course of operations from SuplerS. Amounts payable are classified as current liabilities If payment is due within one year or less. If not. they are presented as non-currenl li8bililies. Trade creditors are rocognised initially at tr8nsacb.on price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financial liabllities Financial liabilrties are d&reGognised when the ehaiilable company's contractual obligations expire or are discharged or canlled. 1.9 Retlrement b•neflts Payments lo defined contribution retirement benefrt schemes are charged as an expense as they fall due. Donations and legacles Unre5trlcted Restrlcted funds funds Total Unrestricted funds Restricted ftjnds Total 2022 2022 2022 2021 2021 2021 Donations and gifts CJRS grant Other grants 4.488 5,445 9.933 175 1,649 2,199 2,374 1,649 388 388 4,876 5,445 10.321 1,824 2,199 4.023 Charitable actlvities Charitable Charttable Ineome Income 2022 2021 Sales within charitsble activities 65.478 58,971
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 Other tradlng activities Unrestrlcted funds Total 2022 2021 Fundraising events 211 Investments Unr•slrlcted Unrestricted funds funds 2022 2021 Interest receivable
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30AUGUST2022 Charltsble actlvlties Charltable Charitablo Expendlturè Expenditure 2022 2021 Staff costs Depreciation and impaimenl Training Computer and intemet costs Consumables for children Rates and water Insurance Light arKI heal Telephone Premises serviees charge Repairs and maintenance Sundries Printing and stationery Bank charges Membership fees Accountsncy fees 82,062 4,883 2,274 931 1,669 50,663 5.254 931 1,846 479 948 1,453 809 450 5.809 1,520 911 144 175 1,200 1,055 1,718 640 450 4,267 2,933 762 290 150 600 85,468 73.100 Storage cost Share of govemanee costs Isee note ) 1,321 13 13 85,481 74,434 Analy$ls by fund Unreslricled funds Restricted funds 77,400 8,081 67,574 6,860 85.481 74,434 Tru$tee$ None of the trustees lor any persons connected wth them) retsived any remuneratron or beneffts from the charitable company during the year. Employee5 The average monthly number of employees during the year was.. 2022 Numbftr 2021 Number
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 Employoes Icontinuedl Employment costs 2022 2021 Wages and salaries Olher pensi¢Jn costs 60,899 1,163 50,137 526 62,062 50,663 There were no employees whose annual remuneration was more than £60,000. Taxatlon The charity is exempt from lax on income and gains falling within section 505 of the Taxes Aet 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these ar& applied to its charitable objects. 10 Tanglble fixed assets Freehold land Fixtures and buildings fittln9S Total Cost At 1 Septsmber 2021 126,087 15,694 141,781 AI 30 August 2022 126,087 15,694 141.781 Deprgclatlon and Impaimient At 1 September 2021 Depreciation charged in the year 46,841 3.962 9,555 921 56,396 4,883 At 30 August 2022 50,803 10.476 61,279 Carylng amount AI 30 August 2022 75,284 5,218 80,502 Al 31 August 2021 79,246 8,139 85.385 11 Creditors: amounts falllng due wlthin one year 2022 2021 other taxation and social security Other creditors 63 576 279 523 639 10-
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 AUGUST 2022 12 Restrlcted funds The income ftjnds of the charity include Teslricted ftjnds comprising the followng unexpended balanS of donations and grants held on trust for specrfic purposes". Movement In funds Incomlng Resources Balancg at r080ur¢es expendfjd 1 Septembfrr 2021 Movement in funds Incomln9 Resources Èsources exnded Balance at 1 SoPtemb&r 2020 Balanc8 at 30 Augu8t 2022 Building General 94,201 823 190 2,008 (5,254} 11,6051 89,136 1,226 {4,8831 13.198) 84,253 3,473 5,445 95.024 2,198 16,8591 90,363 5,445 18,0811 87,727 13 Analysb of net assets between funds Unrèstricted Restricted nds funds 2022 2022 Total Unrestricted Restrlcted funds funds 2021 2021 Total 2022 2021 Fund balances at 30 August 2022 aro represented by.. Tangible assets Current asselsllliabililiesl 80,502 7,225 80,502 18.380 11.155 85,385 4,978 85,385 22,967 17,989 11,155 87,727 98,882 17,989 90,363 108,352 14 Related party transactions There were no disclosable r8laled paty tr8nsa¢h"ons during the year12021 none). 11