REGISTERED COMPANY NUMBER: 07295944 REGISTERED CHARITY NUMBER: 1141729
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
LITTLE RAINDROPS
Hackett Griffey LLP Chartered Certified Accountants 31 High Street Haverhill Suffolk CB9 8AD
LITTLE RAINDROPS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
LITTLE RAINDROPS
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES D E Rogers (resigned 11.10.2021) J Davey N Joyce (resigned 11.10.2021) C Tooth (appointed 11.10.2021) R Wallis (appointed 11.10.2021) (resigned 24.3.2022) COMPANY SECRETARY S Raggett REGISTERED OFFICE Chapple Drive Haverhill Suffolk CB9 0DU REGISTERED COMPANY 07295944 NUMBER REGISTERED CHARITY 1141729 NUMBER INDEPENDENT EXAMINER Hackett Griffey LLP Chartered Certified Accountants 31 High Street Haverhill Suffolk CB9 8AD
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LITTLE RAINDROPS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objective is to enhance the development and education of children primarily under statutory school age for the benefit of the community.
Public benefit
The charity constitutes a a public benefit entity as defined by FRS102.
The trustees have complied with the duty in Section 4 of the 2006 Charities Act with regard to the public benefit requirement.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charitable activity of the company is the operation of a pre school in accordance with the objective.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources for the charity are by way of fees rendered and local authority grants.
Reserves policy
The funds of the charity are applied in furtherance of it's objectives and aims. It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level to provide sufficient funds to cover temporary timing differences in grant claims and to cover moderate shortfalls.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. The recruitment and appointment of new trustees are in accordance with the constitution of the charity and re-elected at the Annual General Meeting.
Approved by order of the board of trustees on 8 September 2022 and signed on its behalf by:
S Raggett - Secretary
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITTLE RAINDROPS
Independent examiner's report to the trustees of Little Raindrops ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Jonathan Griffey FCCA CTA Hackett Griffey LLP Chartered Certified Accountants 31 High Street Haverhill Suffolk CB9 8AD
13 September 2022
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LITTLE RAINDROPS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 250 Charitable activities Local authority grants 133,653 Fees 57,489 Other trading activities 2 1,251 Investment income 3 6 Other income 4,000 Total 196,649 EXPENDITURE ON Charitable activities Operation costs of pre-school 164,830 NET INCOME/(EXPENDITURE) 31,819 RECONCILIATION OF FUNDS Total funds brought forward 135,306 TOTAL FUNDS CARRIED FORWARD 167,125 |
Restricted funds £ - - - - - - - - - - - |
2022 Total funds £ 250 133,653 57,489 1,251 6 4,000 196,649 164,830 31,819 135,306 167,125 |
2021 Total funds £ - 99,987 33,938 347 34 14,000 148,306 153,340 (5,034) 140,340 135,306 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
LITTLE RAINDROPS
STATEMENT OF FINANCIAL POSITION 31 MARCH 2022
| Unrestricted fund Notes £ FIXED ASSETS Intangible assets 7 950 Tangible assets 8 12,161 13,111 CURRENT ASSETS Debtors 9 1,014 Cash at bank and in hand 156,345 157,359 CREDITORS Amounts falling due within one year 10 (3,345) NET CURRENT ASSETS 154,014 TOTAL ASSETS LESS CURRENT LIABILITIES 167,125 NET ASSETS 167,125 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - - - |
2022 Total funds £ 950 12,161 13,111 1,014 156,345 157,359 (3,345) 154,014 167,125 167,125 167,125 167,125 |
2021 Total funds £ - 13,512 13,512 464 125,299 125,763 (3,969) 121,794 135,306 135,306 135,306 135,306 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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LITTLE RAINDROPS
STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8 September 2022 and were signed on its behalf by:
J Davey - Trustee
C Tooth - Trustee
The notes form part of these financial statements
Page 6
LITTLE RAINDROPS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
The policy of the charity is to capitalise fixed asset expenditure greater than £500.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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LITTLE RAINDROPS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Fundraising events | 1,071 | 347 |
| Miscellaneous income | 180 | - |
| 1,251 | 347 | |
| INVESTMENT INCOME | ||
| 2022 | 2021 | |
| £ | £ | |
| Deposit account interest | 6 | 34 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2022 | 2021 | |
| £ | £ | |
| Depreciation - owned assets | 1,351 | 1,501 |
| Patents and licences amortisation | 50 | - |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Childcare & administration | 8 | 8 |
No employees received emoluments in excess of £60,000.
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LITTLE RAINDROPS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
7. INTANGIBLE FIXED ASSETS
| COST Additions AMORTISATION Charge for year NET BOOK VALUE At 31 March 2022 At 31 March 2021 8. TANGIBLE FIXED ASSETS COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Prepayments 1,014 |
Patents and licences £ 1,000 50 950 - Fixtures and fittings £ 27,782 |
|---|---|
| 14,270 1,351 |
|
| 15,621 | |
| 12,161 | |
| 13,512 | |
| 2021 £ 464 |
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LITTLE RAINDROPS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 135,306 TOTAL FUNDS 135,306 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 196,649 TOTAL FUNDS 196,649 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 140,340 TOTAL FUNDS 140,340 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 148,306 TOTAL FUNDS 148,306 |
2022 2021 £ £ 205 - 3,140 3,969 3,345 3,969 Net movement At in funds 31.3.22 £ £ 31,819 167,125 31,819 167,125 Resources Movement expended in funds £ £ (164,830) 31,819 (164,830) 31,819 Net movement At in funds 31.3.21 £ £ (5,034) 135,306 (5,034) 135,306 Resources Movement expended in funds £ £ (153,340) (5,034) (153,340) (5,034) |
|---|---|
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LITTLE RAINDROPS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 140,340 140,340 |
Net movement in funds £ 26,785 26,785 |
At 31.3.22 £ 167,125 |
|---|---|---|---|
| 167,125 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 344,955 344,955 |
Resources Movement expended in funds £ £ (318,170) 26,785 (318,170) 26,785 |
Resources Movement expended in funds £ £ (318,170) 26,785 (318,170) 26,785 |
|---|---|---|---|
| 26,785 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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LITTLE RAINDROPS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Miscellaneous income Investment income Deposit account interest Charitable activities Fees Grants Other income Employment Allowance West Suffolk Council Covid 19 Business Grant Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Trips, prizes & gifts Consumables Equipment purchases Food & Snacks Repairs & maintenance Subscriptions & training Amortisation Depreciation |
2022 £ 250 1,071 180 1,251 6 57,489 133,653 191,142 4,000 - 4,000 196,649 129,939 8,613 3,898 1,380 1,740 1,864 270 743 535 58 2,164 2,543 3,177 2,252 1,306 50 1,351 161,883 |
2021 £ - 347 - |
|---|---|---|
| 347 34 33,938 99,987 |
||
| 133,925 4,000 10,000 |
||
| 14,000 | ||
| 148,306 122,724 8,021 3,666 903 1,779 1,366 267 640 1,042 138 2,058 1,849 2,117 1,969 1,260 - 1,501 |
||
| 151,300 |
This page does not form part of the statutory financial statements
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LITTLE RAINDROPS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Support costs Finance Bank charges Governance costs Accountancy fees Legal fees Total resources expended Net income/(expenditure) |
2022 £ 92 2,080 775 2,855 164,830 31,819 |
2021 £ 60 1,980 - 1,980 153,340 (5,034) |
|---|---|---|
This page does not form part of the statutory financial statements
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