TEMPLEGATE TINY TOTS
| Company Registered No. | 7394284 |
|---|---|
| Charity Commission Registered Number | 1140718 |
ANNUAL REPORT AND ACCOUNTS For the year ended 31 August 2023
| CONTENTS | |
|---|---|
| Page | |
| Significant Information | 1 |
| Report of the Directors | 2-4 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8-13 |
| TEMPLEGATE TINY TOTS | |
|---|---|
| SIGNIFICANT INFORMATION | |
| DIRECTORS/TRUSTEES: | Mrs C Deacon |
| TRUSTEES | Mr M Pattison |
| COMMITTEE MEMBERS | Mr M Pattison |
| Mrs R Routledge | |
| GUARANTORS (MEMBERS): | Mrs C Deacon |
| ADMINISTRATOR: | Mrs C Walker |
| REGISTERED OFFICE: | 49 Austhorpe Road |
| Cross Gates | |
| Leeds | |
| LS15 8BA | |
| INDEPENDENT EXAMINERS: | G L Barker & Co LLP |
| 49 Austhorpe Road | |
| Cross Gates | |
| Leeds | |
| West Yorkshire | |
| LS15 8BA |
1
TEMPLEGATE TINY TOTS Company Registered Number 7394284
REPORT OF THE BOARD OF DIRECTORS for the year ended 31 August 2023
The Board presents the report and financial statement of Templegate Tiny Tots for the year ended 31 August 2023. The statements appear in the format required by the Charities SORP FRS (102). The report and statements also comply with the Companies Act 2006. The company has no share capital and is a registered charity. The guarantee of each member is limited to £1. The members are the guarantors of the company.
Structure, Governance and Management
The governing document is the Memorandum and Articles of Association dated 1 October 2010.
The director is responsible for the overall strategy of the Company and the administrator is responsible for the day to day management.
New Directors/Trustees are selected and appointed by the current Board of Directors. They are given the necessary training as to their duties after their appointment.
Objectives and Activities
The Director has had regard to the charity commission guidance on public benefit and considers that the following objects and activities comply with this guidance.
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Our aim is to provide a safe, secure and stimulating environment in which pre-school children can learn, develop and have their individual needs addressed.
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We also aim to involve parents with the education of their child.
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We aim to provide equal opportunities for all children and families and give each child the chance to reach his/her full potential whatever their talent or background.
Director’s responsibility for the Financial Statements
Company law requires the director to prepare financial statements for each financial year which give a true and fair view of the state of the company and of the income and expenditure of the company for that period. In preparing those financial statements, the director is required to:
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Select suitable accounting policies and apply them consistently;
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Follow applicable accounting standards and Statements of Recommended Practice without any material departures;
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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 to operate.
The director is responsible for keeping proper accounting records has disclose with reasonable accuracy at any time the financial position of the charity and to enable her to ensure that the financial statements comply with the Companies Act 2006 and the charity’s governing document. She is 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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TEMPLEGATE TINY TOTS
Compliance
The director has complied with the duty in section 4 of the 2011/2006 Charities Acts to have due regard to guidance published by the Charity Commission, including public benefit guidance.
Financial Review
The financial statements show an excess of expenditure over income amounting to £613 (2022 excess of expenditure over income of £2,831) which the trustees have noted.
Risk Policy
The director has considered the risks facing Templegate Tiny Tots and has taken such steps as she considers necessary to mitigate those risks.
Trustee report for accounts – year ended 31[st] August 2023
Objectives
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Our aim is to provide a safe, secure and stimulating environment in which pre-school children can learn, develop and have their individual needs addressed.
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We also aim to involve parents with the education of their child.
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We aim to provide equal opportunities for all children and families and give each child the chance to reach his/her full potential whatever their talent or background
Activities, achievements and performance
We are delighted that Templegate Tiny Tots Pre-School and the forest school have had a super year and continue to go from strength to strength. The Forest School has been a huge success and the children love the outdoor learning setting. They are learning so much from the outdoor facility whilst the extra activity has enhanced their learning in other foundation stage areas too. We were delighted when the lease was renewed and we are now secure in our current location for a further five years. Although the rent has increased it was not at a level higher than we anticipated. We also added some improvements to the building maintenance contract which, we are pleased to confirm, have been agreed and incorporated in the contract. We look forward to continuing being a feed to Whitkirk Primary School and to continuing the good relationship we have with Miss Quarmby and all the teaching and maintenance team.
The increased inflation and associated cost of living has not yet affected the child or staffing levels within Tiny Tots. The charity has stayed open to all children this academic year and is still at capacity. Despite the local and national challenges, the charity has continued ‘business as usual’ and changes to rent, premises and staffing have been dealt with quickly and efficiently.
Indeed, Tiny Tots has thrived in 2023 with the maturation of the forest school, which is a firm favourite of both children and parents. The staff and management team are to be commended for their efforts. After many years of expanding the settings and processes to achieve bigger and better things, it is now time to consolidate and develop a deeper understanding of the business and the successes we’ve enjoyed in recent years. This will allow Tiny Tots to better manage the risks of an ailing economy, which will be challenging for staff and parents alike.
The focus of the 23/24 school year will be to maintain our outstanding OFSTED award whilst building on the excellent work already achieved in the setting. Staff retention and training are also key during difficult economic times. Tiny Tots has gone from strength to strength in the last few years, which is entirely down to the excellent staff and management of Tiny Tots.
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2023 has been a tough year for everyone, but especially for preschool services. Fixed government fees combined with the spike in inflation has made the future tenuous for many. However, despite this Templegate Tiny Tots has performed strongly. As a charity we do not make a profit but we can measure our financial security by the money we have available if problems occur. I’m happy to say we have a healthy cash buffer to weather any unforeseen problems. This is due to the diligent work of the Tiny Tots staff, making sure we are full to capacity and whilst carefully watching the budgets.
Tiny Tots has a robust waiting list and no shortage of children, and we have the business capital and expected future earnings to weather the current economic downturn.
The governing body remains vigilant, and will be monitoring income and expenditure carefully. Budgets have been agreed with the Tiny Tots management team to ensure we continue to extract value for money where we can. The Governing body will continue to monitor the local, national and international situation and respond quickly to any changes.
Reserves Policy
The directors consider that liquid reserves sufficient to cover one term’s expenditure are necessary. This equates to some £50,000 and the balance available at 31 August 2023 was £109,703.
Principal Funding Sources
Some 90% (2022 - 90%) of normal controllable income came in the form of government grants. Whilst this could become a problem, HM government seems committed to an expansion in nursery education so the immediate future should be secure.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Signed on behalf of the Board
……………………………………………………………… CLAIRE DEACON
Date: ………………………………………………………
4
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF TEMPLEGATE TINY TOTS
I report on the accounts of the charity for the year ended 31 August 2023, which are set out on pages 6 to 13.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiners’ report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiners’ statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with s.130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name of principle: Graeme Peter Greenfield
Name of firm: G L Barker & Co LLP
Relevant professional qualification or body: Chartered Certified Accountant
Address: 47-49 Austhorpe Road, Cross Gates, Leeds, LS15 8BA
Date:
5
TEMPLEGATE TINY TOTS
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2023 (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | |||
| 4 | SMP/SSP Recovery | 2,164 | 2,278 |
| 5 | Fund raising | 530 | 182 |
| 6 | Incoming resources from charitable activities | 162,604 | 136,873 |
| Interest | 29 | 70 | |
| _ | _ | ||
| Total incoming resources | 165,327 | 139,403 | |
| _ | _ | ||
| RESOURCES EXPENDED | |||
| Costs of generated funds | |||
| 7 | Charitable activities | 163,862 | 141,412 |
| 8 | Governance costs | 852 | 822 |
| 9 | Taxation | - | - |
| _ | _ | ||
| Total resources expended | 164,714 | 142,234 | |
| _ | _ | ||
| Net incoming/ (outgoing) resources (Net gain/ (loss) for the | 613 | (2,831) | |
| year) | |||
| _ | _ | ||
| Net movement in funds | 613 | (2,831) | |
| Funds brought forward | 109,090 | 111,920 | |
| _ | _ | ||
| Total funds carried forward | 109,703 | 109,090 | |
| _ | _ |
There were no costs of generating voluntary income.
There were no ‘Fundraising Trading Costs’.
All of the activities undertaken by the charity were continuing activities and no new activities were acquired during the year.
All funds are unrestricted.
The notes on pages 8 to 13 form an integral part of these accounts.
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TEMPLEGATE TINY TOTS
Company Registered Number 07394284 BALANCE SHEET AT 31 AUGUST 2023
| Notes | 2023 | 2023 | 2022 | 2022 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| 10 | Tangible Assets | 324 | 16 | ||
| Current Assets | |||||
| Debtors | 477 | 463 | |||
| Cash at bank or in hand | 128,857 | 128,536 | |||
| ______ | ______ | ||||
| 129,334 | 128,999 | ||||
| 11 | Creditors: | ||||
| Amounts falling due within one year | (19,955) | (19,925) | |||
| _ | _ | ||||
| Net Current Assets | 109,379 | 109,074 | |||
| ______ | ______ | ||||
| Net Assets | 109,703 | 109,090 | |||
| ______ | ______ | ||||
| FUNDS | |||||
| Unrestricted | 109,703 | 109,090 | |||
| ______ | ______ |
For the year ended 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved by the director and trustees on …………………….. and signed on their behalf by:
…………………………………………….. Director
CLARE DEACON
The notes on pages 8 to 13 form an integral part of these accounts.
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TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
1 ACCOUNTING POLICIES
Basis of Accounting
The statement of accounts has been prepared under the historical cost convention in accordance with the provisions of the Companies Act 2006, the Statement of Recommended Practice Accounting by Charities and applicable accounting standards. Where necessary the headings laid down in the Companies Act have been adapted to meet the special activities of the Company. The company qualifies as a small company under the Companies Act 2006 and the trustees have elected to take advantage of the exemption under FRS102 not to prepare a cash flow statement.
Taxation
As a registered charity, the company benefits from rates relief and is generally exempt from income tax and capital gains tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Incoming Resources
All income is accounted for as soon as Templegate Tiny Tots has entitlement to the income and there is certainty of receipt and the amount is quantifiable.
Resources expended
All expenditure is accounted for on an accruals basis.
Governance costs are those incurred in compliance with constitutional and statutory requirements.
Fixed Assets
Assets intended to be of ongoing use to Templegate Tiny Tots in carrying out its activities are capitalised as fixed assets.
All fixed assets are included at cost.
Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment ………………………….. 50% on cost. Improvements to property ………………………….. 50% on cost. Computer equipment ………………………….. 50% on cost.
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TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
| 2 | OPERATING PROFIT OF THE COMPANY | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| The operating profit is stated after charging: | |||
| Depreciation on tangible fixed assets | 156 | 883 | |
| Independent examiners remuneration | 852 | 822 | |
| 3 | EMPLOYEE INFORMATION | ||
| The average number of full time equivalent employees during | |||
| the year was: | |||
| 2023 | 2022 | ||
| Directors | 1 | 1 | |
| Child care staff | 3 | 3 | |
| The average total number of staff (including part time staff) was: | |||
| Directors | 1 | 1 | |
| Child care staff | 10 | 10 | |
| Staff costs for all the above were: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Salaries and wages | 132,885 | 106,021 | |
| Pension contributions | 1,432 | 1,169 | |
| ______ | ______ | ||
| 134,317 | 107,190 | ||
| ______ | ______ |
In accordance with the company’s Memorandum and Articles of Association, the directors are precluded from receiving any emoluments in respect of their services to the company. No expenses were reimbursed to any of the directors during the year.
No employee received a salary greater than £60,000.
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TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
4 SSP Recovery
| 4 | SSP Recovery | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| SSP Recovery | 2,164 | 2,278 | |
| ______ | ______ | ||
| 5 | ACTIVITIES FOR GENERATING FUNDS | ||
| Fund raising | 530 | 182 | |
| ______ | ______ | ||
| 6 | INCOMING RESOURCES FROM CHARITABLE ACTIVITIES | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Nursery Education Grant | 116,508 | 109,669 | |
| Deprivation Grant | 2,375 | 3,687 | |
| Carers fees | 19,738 | 14,184 | |
| SEN Grant | 23,221 | 7,851 | |
| Pupil Premium Receipts | 762 | 1,482 | |
| ______ | ______ | ||
| 162,604 | 136,873 | ||
| ______ | ______ |
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TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
| 7 | CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Nursery education | |||
| Rent | 11,111 | 11,991 | |
| Wages and social security | 132,885 | 106,021 | |
| Pension contributions | 1,432 | 1,169 | |
| Visiting staff | 1,640 | 1,595 | |
| Parties and outings | 216 | - | |
| Equipment and toys | 2,389 | 2,009 | |
| Food | 1,115 | 833 | |
| Speech and language therapy | 4,598 | 4,598 | |
| Telephone | 360 | 284 | |
| Postage and stationery | 266 | 254 | |
| Advertising | 84 | 154 | |
| Repairs and renewals | 1,135 | 4,453 | |
| Computer Consumables: Office | 799 | 80 | |
| PSLA membership and insurance | 804 | 785 | |
| Training | 806 | 4,359 | |
| Workwear | - | 170 | |
| Subscriptions | - | 207 | |
| Sundry expenses | 1,827 | 1,513 | |
| Bank charges | 61 | 41 | |
| Legal fees | 13 | 13 | |
| Depreciation | 156 | 883 | |
| ______ | ______ | ||
| 163,862 | 141,412 | ||
| ______ | ______ | ||
| 8 | GOVERANCE COSTS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Independent examination | 852 | 822 | |
| 9 | TAXATION | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Taxation is Corporation Tax on interest received | |||
| Current Year | - | - | |
| ______ | ______ | ||
| - | - | ||
| ______ | ______ |
11
TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
10 TANGIBLE FIXED ASSETS
| Cost: At 1 September 2022 Additions At 31 August 2023 Depreciation: At 1 September 2022 Charge for the year At 31 August 2023 Net Book Value At 31 August 2023 At 31 August 2022 |
Improvements to Property £ 11,405 - __ 11,405 _ 11,400 11,400 ___ 5 ======= 5 ======= |
Fixtures & Fittings £ 5,030 - __ 5,030 _ 5,025 - 5,025 ___ 5 ======= 5 ======= |
Computer Equipment £ 5,022 464 __ 5,486 _ 5,016 156 5,172 ___ 314 ======= 6 ======= |
Total £ 21,457 - __ 21,921 _ 21,441 156 21,597 ___ 324 ======= 16 ======= |
|---|---|---|---|---|
11 CREDITORS Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 19,093 | 19,093 |
| Accruals | 852 | 822 |
| Taxation | 11 | 11 |
| _____ | _____ | |
| 19,956 | 19,926 | |
| _____ | _____ |
12
TEMPLEGATE TINY TOTS
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
12 COMMITMENTS AND CONTINGENT LIABILITIES
At the balance sheet date there were no commitments for capital expenditure other than as provided for in these accounts.
At the balance sheet date there were no contingent liabilities.
13