## **WALTON PRE SCHOOL (Limited by Guarantee) TRUSTEES’ REPORT** 

## **For the year ended 31[st] December 2022** 

The trustees, who are also directors for the purposes of the company law, have pleasure in presenting their report and the financial statements of the charity for the year ended 31[st] December 2022. 

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Constitution** 

Walton Pre School is a company limited by guarantee by its Memorandum and Articles of Association dated 2010 

The charity was established in 2010, and was incorporated as a charitable company, limited by guarantee, on 23[rd] October 2010 

The objectives of the Charity are to maintain the Pre School for the benefit of the community and others on a nonprofit basis. 

## **OBJECTIVES AND ACTIVITIES** 

In setting out its aims and objectives the trustees confirm that they have had regard to the Charity Commissioners guidance on public benefit and are satisfied that the organization conforms to these requirements. 

## **REVIEW OF ACTIVITIES** 

During the year approximately 41 children (2021 28) used the school on a regular basis. Fees are considered to be adequate at the present time. As from 1[st] September 2016, the lease is owned by Walton Community Centre (Charity No: 1164450) and Walton Pre School pays rent on a commercial basis. 

## **FINANCIAL REVIEW** 

## Reserves 

The Charity holds reserves in order to meet its future obligations. The trustees are conscious of the need to tailor the level of service to the level of funding in order to ensure sufficient cash reserves are available as needed. 



## **WALTON PRE SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 20** 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
|Income|Funds 2022|Funds 2022|2022|
|ECC Grants|129761||129761|
|Essex Community Foundation|10000||10000|
|Tendring DC|2487||2487|
|Essex Association Grants||2400|2400|
|Neighbourly Foundation|1000||1000|
|Colchester & Tendring|649||649|
|Slow Cooker Club Grants|500||500|
|SSP Grants|482||482|
|Soil Association|150||150|
|Essex Lottery Grants|28||28|
|CVST Grants||||
|NE Essex Grants||||
|Grass Roots Grants||||
|Essex Awards||||
|Fees Received|22302||22302|
|Walton CC Contribution to wages|2816||2816|
|Fundraising|1123||1123|
|Donation|320||320|
|Refund|265||265|
|Misc Income|142||142|
|Petty Cash|5||5|
|Loyalty Reward|5||5|
|Job retention scheme||||
|Baby Bank Tendring||||
||172035|2400|174435|





## **022** 

Restricted Funds 2021 

73711 

9000 1000 400 

3150 427 

78 3650 500 492 150 11721 3129 434 

233 

94 4 1539 32 109712 



## WALTON PRE SCHOOL 

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31ST DECEMBER 202 

||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds 2022|Funds 2022|Funds 2022|
|Expenses||||
|Wages|112268||112268|
|Rent & Rates|15074||15074|
|Pensions|3126||3126|
|School Supplies|2894||2894|
|Contingency Fund|2243||2243|
|Training|1784||1784|
|Children's Food|1237||1237|
|Bounce Back Loan|1014||1014|
|Photocopier|933||933|
|Staf Costs|924||924|
|Membership|864||864|
|Insurance|838||838|
|Slow Cooker Club|786||786|
|Repairs & Renewals|684||684|
|Ofce Supplies|466||466|
|Accountancy|300||300|
|Gardening|240||240|
|Sundry|196||196|
|Fees|147||147|
|Winter Warmers||133|133|
|Fundraising|113||113|
|Charity Comission|105||105|
|Mobile Phone|83||83|
|Transfers|50||50|
|Subscriptions|44||44|
|Charges|34||34|
|Advertising|32||32|
|Website Fees|23||23|
|Warranty|22||22|
|License|20||20|
|Graduation|20||20|
|Admin|||0|
||146564|133|146697|
|NET SURPLUS DEFICIT FOR THE YEAR|25471|2267|27788|
|FUNDS BROUGHT FORWARD|-13671|12066|-1605|
|TOTAL FUNDS AT 31 DECEMBER 2022|11800|14333|26183|





2 

Restricted Funds 2021 

108926 13334 3050 4144 1515 1406 281 1514 1029 348 825 2288 1809 1522 

182 750 537 13 90 1100 113 723 569 50 174 25 146318 -26473 24868 -1605 



## WALTON PRE SCHOOL BALANCE SHEET AS AT 31ST DECEMBER 2022 

|2022<br>CURRENT ASSETS<br>Cash at bank and in hand<br>36046<br>Debtors & Prepayments<br>618<br>36664<br>Creditors:<br>Amounts falling due within one year<br>10531<br>NET CURRENT ASSETS<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES<br>Total net assets<br>CHARITY FUNDS<br>Unrestricted funds<br>Restricted funds<br>0|2021<br>5045<br>0<br>5045<br>1931<br>26133<br>**26133**<br>11800<br>14333<br>**26133**|
|---|---|



The Trustees are statisfied that the company is entitled to exemption from the provisio of the Companies Act 2006 relating to the audit of the financial statements for the yea virtue of section 477 and that no member or members have requested an audit pursua section 476 of the Act. 

The Trustees acknowledge their responsilbility for: 

(i) ensuring that the company keeps proper accounting records which comply with sec 386 of the act 

(ii) preparing financial statements which give a true and fair view of the state of affairs company as at the end of the financial year and its profit or loss for the financial year i accordance with the requirements of sections 394 and 395 which otherwise comply wi requirments of the Act relating to financial statements so far as applicable to the comp 

These financial statements were approved by the board on 21/08/2022 and signed on behalf by 

Anne Myatt Chairperson 



3114 

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**-1605** 

-13671 12066 **-1605** 

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## **WALTON PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022** 

## **2 NET INCOME** 

Net Income is stated after charging/(crediting) 

||2022|2021|
|---|---|---|
|Accountancy|300|300|
|**3 CREDITORS**|2022|2021|
|Other creditors|7269|1931|



## **4 STATEMENT OF FUNDS** 

||Brought|Incoming|Resources Transfers|Resources Transfers|Carried|
|---|---|---|---|---|---|
||Forward|Resources|Expended In/Out||Forward|
|Unrestricted Funds|-1605|172035|146564||23866|
|Essex Association||2267|||2267|
||-1605|174302|146564|0|26133|



## **5 PURPOSES OF FUNDS** 

Unrestricted Funds 

General Funds to cover runnings in the event of reduced funding 

## **6 RELATED PARTIES** 

The Charity Occupies premises being part of Walton Community Centre, Standley Road Pre School pays rent to Walton Community Centre at market rate. 

No other transactions with related parties were undertaken such as are required to be disclosed under the Statement of Recommended Accounting Practice, Accounting and Reporting by Charities. 



d. The

## **WALTON PRE SCHOOL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022** 

|**8 STAFF COSTS AND EMOLUMENTS**|||
|---|---|---|
|Total staf costs were as|2022|2021|
|Wages and Salaries|112268|108926|
|Pension Costs|3126|3050|
|Social Security Costs|0|0|
||**115394**|**111976**|



## Particulars of employees 

The number of employees during the year were 12 part time (2021 - 10 part time) On the basis of full time equivalents the numbers are: 

||2022|2021|
|---|---|---|
|Administrator|1|1|
|Pre School Practioners|6|5|



## **9 COMPANY LIMITED BY GUARANTEE** 

The company is limited by guarantee and therefore has no share capital. The liability o Trustees in the event of Walton Pre School being wound up is limited to a sum not exc 

£10 



)f the
eding

## **WALTON PRE SCHOOL (Limited by Guarantee) TRUSTEES’ REPORT** 

## **For the year ended 31[st] December 2022** 

## **TRUSTEES’ RESPONSIBILITIES** 

The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with the applicable law and regulations. 

Under Company and Charity law the Trustees are required to prepare a statement of accounts for each financial year which gives a true and fair view of the state of affairs of the Charitable Company at the end of the financial year and of the incoming resources and application of resources in the year. In preparing the statements of account the Trustees are required to: 

- Select suitable accounting policies and apply them consistently ; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable accounting standards and statements or recommended practice have been followed subject to any material departures disclosed and explained in the statement of accounts; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue its operations. 

The Trustees are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the Charitable Company at that time and to enable the Trustees to ensure that any statement of account prepared by them complies with the Companies act 2006 

They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by the board on 21/08/2023 and signed on its behalf by 

Anne Myatt Chairperson