Trustees’ Annual Report for the period
From 01/09/2021 Period start date To 31/08/2022 Period end date
Charity name: Pirton Pre-School
Charity registration number: 1139758
Objectives and Activities
----- Start of picture text -----
SORP reference
Summary of the Para 1.17 To enhance the development and
purposes of the charity education of children primarily under
as set out in its the statutory school age by
governing document encouraging parents to understand
and provide for the needs of their
children through community groups.
Summary of the main Para 1.17 and Offering appropriate play, education
1.19
activities in relation to and care facilities and training
those purposes for the courses. Together with the right of
public benefit, in parents to take responsibility for and
particular, the activities, to become involved in the activities of
projects or services such groups ensuring that such
identified in the groups offer opportunities for all
accounts. children whatever the race, culture,
religion means or ability. Encouraging
the study of the needs of such
children and their families and
promoting public interest in and
recognition of such needs. Instigating
and adhering to and furthering the
aims and objectives of the Pre-school
Learning Alliance.
Statement confirming Para 1.18 The trustees have viewed the
whether the trustees guidance issued regarding public
have had regard to the benefit.
guidance issued by the
Charity Commission on
public benefit
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 Du m (So Fur |
nel ft nis |
| hin |
gs) |
|
| Ltd - CONFI DENTI AL |
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
----- Start of picture text -----
SORP reference
Plan for an extension to the pre-
school using S106 funding have been
abandoned due to cost. The S106
Summary of the main funding would only cover 50% of the
Para 1.20
achievements of the total cost. Uncertainly over an
charity, identifying the increased wage cost and rising
difference the charity’s inflation means we feel we need to
work has made to the keep more money in reserve.
circumstances of its
beneficiaries and any Changes to the Early Years foundation
wider benefits to society framework were embedded into
as a whole. policy and practice. This early
adoption led to supporting county
wide initiatives to influence other
Early Years providers.
Staff of the Charity are constantly
training to offer improved benefits
including safeguarding, Special
Educational Needs support and
Autism Spectrum Disorder Training.
All this has embedded the Charity in
the heart of the community and
provides a solid foundation for the
children to grow and learn in a safe
setting.
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 Du m (So Fur |
nel ft nis |
|---|---|---|
| hin Ltd |
gs) - |
|
CONFI DENTI AL |
----- Start of picture text -----
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
----- End of picture text -----
Financial Review
----- Start of picture text -----
Review of the charity’s Para 1.21 A small loss was seen due to essential
financial position at the work required to be carried out on the
end of the period Pre-School building and an increase in
wage costs
Statement explaining Para 1.22 The Charity recognises that its
the policy for holding services will be required more in
reserves stating why future years due to population growth
they are held and this will require development
activities which will include building
works. Inline with early alliance
recommendation we are aiming to
hold 3-6-months of wage costs in
reserve
Amount of reserves held Para 1.22 ~£45,000
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
----- Start of picture text -----
The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Dunel
Investment policy and m
objectives including any Para 1.46 (Soft
social investment policy Furnis
adopted
hings)
Ltd -
CONFI
DENTI
AL
----- End of picture text -----
A description of the Para 1.46 principal risks facing the charity Other
Structure, Governance and Management
----- Start of picture text -----
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution approved by the Early
document Years Alliance
(trust deed, royal
charter)
How is the charity Para 1.25 Incorporated Organisation
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Election to post at AGM
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
----- End of picture text -----
Additional information (optional)
You may choose to include further statements where relevant about:
----- Start of picture text -----
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Dunel
m
(Soft
Furnis
Other
hings)
Ltd -
CONFI
DENTI
AL
----- End of picture text -----
Reference and Administrative details
----- Start of picture text -----
Charity name Pirton Pre-School
Other name the charity
uses
Registered charity 1139758
number
Charity’s principal Pirton Pre-School
address High Street
Pirton
Hitchin
SG5 3PS
----- End of picture text -----
Dunel m (Soft Furnis hings) Ltd - CONFI DENTI AL
Names of the charity trustees who manage the charity
----- Start of picture text -----
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Anne Fryer Chair
2 Andrew Prynn Treasurer
Autumn Secretary
3 Pritchard-
Bennett
Samantha
4
Stanton
5 Adelaide Morrow
6
----- End of picture text -----
Corporate trustees – names of the directors at the date the report was approved
Director name Anne Fryer Andrew Prynn Autumn PritchardBennett Samantha Stanton Sarah Dyer
Name of trustees holding title to property belonging to the charity
| Name of trustees holding title to property belonging to the charity | Name of trustees holding title to property belonging to the charity | Name of trustees holding title to property belonging to the charity |
|---|---|---|
| Dunel | ||
| Trustee name | Dates acted if not for whole year m |
|
| (Soft | ||
| Furnis | ||
| hings) | ||
| Ltd - CONFI DENTI AL |
Dunel m (Soft Furnis hings) Ltd - CONFI DENTI AL
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Dunel m (Soft Furnis hings) Ltd - CONFI DENTI AL
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) J Muldoon
New to role in Oct-22 so does Full name(s) James Muldoon not appear in list of names above
Position (eg Treasurer Secretary, Chair, etc)
Date 30/06/2023
Dunel m (Soft Furnis hings) Ltd - CONFI DENTI AL
Company registration number 7407356 (England and Wales)
PIRTON PRE-SCHOOL
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY INFORMATION
Directors Autumn Pritchard-Barrett Andrew Prynn Sarah Dyer (Appointed 1 December 2021) Melnisha Davids (Appointed 10 October 2022) Anya Keshishian (Appointed 20 October 2022) James Muldoon (Appointed 20 October 2022) Hannah Venables (Appointed 20 October 2022) Michelle Conquest (Appointed 20 October 2022) Secretary Autumn Pritchard-Barrett Company number 7407356 Registered office High Street Pirton Hitchin Herts. SG5 3PS Accountants McBain and Co. 9 Bunyan Close Pirton, Hitchin Herts. SG5 3RE Business address High Street Pirton Hitchin Herts. SG5 3PS Bankers Santander PLC Bridle Road Bootle Merseyside L30 4GB
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE CONTENTS
| Page | |
|---|---|
| Directors' report | 1 |
| Accountants' report | 2 |
| Income and expenditure account | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 8 |
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The directors present their annual report and financial statements for the year ended 31 August 2022.
Principal activities
The principal activity of the company continued to be that of the provision of pre-school education and care for 2 to 5 year olds.
The company is registered with the Charities Commission number 1139758.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Anne Fryer (Resigned 20 October 2022) Adelaide Morrow (Resigned 17 November 2021) Samantha Stanton (Resigned 20 October 2022) Autumn Pritchard-Barrett Andrew Prynn Sarah Dyer (Appointed 1 December 2021) Melnisha Davids (Appointed 10 October 2022) Anya Keshishian (Appointed 20 October 2022) James Muldoon (Appointed 20 October 2022) Hannah Venables (Appointed 20 October 2022) Michelle Conquest (Appointed 20 October 2022)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
James Muldoon
..................................
Director
19 May 2023
- 1 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PIRTON PRESCHOOL FOR THE YEAR ENDED 31 AUGUST 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pirton Pre-School for the year ended 31 August 2022 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Pirton Pre-School, as a body, in accordance with the terms of our engagement letter dated 30 May 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Pirton Pre-School and state those matters that we have agreed to state to the Board of Directors of Pirton Pre-School, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pirton PreSchool and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Pirton Pre-School has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Pirton PreSchool. You consider that Pirton Pre-School is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Pirton Pre-School. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McBain and Co.
.............................................. Accountants
19 May 2023
9 Bunyan Close Pirton, Hitchin Herts. SG5 3RE
- 2 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Income | 153,364 | 136,543 | |
| Cost of sales | (9,844) | (10,085) | |
| Gross surplus | 143,520 | 126,458 | |
| Administrative expenses | (144,455) | (131,565) | |
| Operating deficit | (935) | (5,107) | |
| Interest receivable and similar income | 473 | 273 | |
| Deficit before taxation | (462) | (4,834) | |
| Tax on deficit | 6 | - | - |
| Deficit for the financial year | (462) | (4,834) |
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
- 3 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE BALANCE SHEET
AS AT 31 AUGUST 2022
| Notes Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Net assets Reserves Income and expenditure account Members' funds |
2022 £ 1,462 112,559 114,021 (3,202) |
£ 1,608 110,819 112,427 112,427 112,427 |
2021 £ 1,079 112,466 113,545 (3,294) |
£ 2,638 110,251 |
|---|---|---|---|---|
| 112,889 | ||||
| 112,889 | ||||
| 112,889 |
For the financial year ended 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 May 2023 and are signed on its behalf by:
Andrew Prynn James Muldoon ........................................ ........................................ Director Director
Director Company Registration No. 7407356
- 4 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1 Accounting policies
Company information
Pirton Pre-School is a private company limited by guarantee incorporated in England and Wales. The registered office is High Street, Pirton, Hitchin, Herts., SG5 3PS.
The company is registered with the Charities Commission number 1139758.
1.1 Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.3 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment 33% straight line Computer equipment 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.
1.4 Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
- 5 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
1 Accounting policies
(Continued)
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.5 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7 Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
- 6 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
1 Accounting policies
(Continued)
1.8 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Employees
The average monthly number of persons (including directors) employed by the company during the year was:
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| Total | 10 | 9 |
4 Insurance
The level of insurance cover has been agreed with the insurance broker and is thought to be sufficient.
5 Fire safety
There is a fire alarm system, emergency lighting and fire extinguishers installed in the building. Automatic heat detection units are installed. Contracts are in place for maintenance of all fire safety equipment.
6 Taxation
The company is a registered charity, number 1139758, and therefore is exempt from corporation taxation as all income reported is solely as a result of it's charitable activities and purposes.
- 7 -
PIRTON PRE-SCHOOL COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
7 Tangible fixed assets
| Cost At 1 September 2021 Additions At 31 August 2022 Depreciation and impairment At 1 September 2021 Depreciation charged in the year At 31 August 2022 Carrying amount At 31 August 2022 At 31 August 2021 8 Debtors Amounts falling due within one year: Other debtors 9 Creditors: amounts falling due within one year Taxation and social security Deferred income Accruals and deferred income |
Plant and machinery etc £ 14,607 774 15,381 11,969 1,804 13,773 1,608 2,638 2022 2021 £ £ 1,462 1,079 2022 2021 £ £ 2,212 1,697 - 295 990 1,302 3,202 3,294 |
|---|---|
10 Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
- 8 -
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Charity Name PIRTON PRE-SCHOOL |
Charity Name PIRTON PRE-SCHOOL |
Charity Name PIRTON PRE-SCHOOL |
|---|---|---|---|
| 31 AUGUST 2022 | Charity no (if any) |
1139758 | |
| 1 TO 2 (remember to include the page numbers of additional sheets) |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2022.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 30/06/2023
Signed: Name: IAN MCBAIN Relevant professional qualification(s) or body (if any):
Oct 2018
1
IER
Address: 9 BUNYAN CLOSE, PIRTON, HITCHIN, SG5 3RE
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
2
IER