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|||||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|
|||||||||2022|2021|
||||||||Notes|||
|Income from:||||||||||
|Charitable
activities||||||||157;231|154,110|
|Investments||||||||32|8|
|Total income||||||||157,263|154,118|
|Charitable
activities||||||||173,839|177,743|
|Net expenditure|for the year/|||||||||
|Net movement|in funds|||||||(16,576)|(23,625)|
|Fund balances at 1 September 2021||||||||130,530|154,155|
|Fund balances|at31August 2022|||||||113,954|130,530|
|||||||||I||
|The statement offinancial||activities|includes|all gains and losses recognised||in the year.||||
|All income and|expenditure|derive from continuing|||activities.|||||
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||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|||f||
|Fixed assets|||||||
|Tangible assets||||1,521||3,003|
|Current assets|||||||
|Debtors|||939||933||
|Cash at bank and in|hand||131,730||136,745||
||||132,669||137,678||
|Creditors: amounts|falling due within one||||||
|year|||||||
|Other creditors||10|20,236||10,151||
|Net current assets||||112,433||127,527|
|Total assets less current liabilities||||113,954||130,530|
|Income funds|||||||
|Unrestricted
funds||||113,954||130,530|
|||||113,954||130,530|
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|1|Accounting
policies||||||(Continued)|
|---|---|---|---|---|---|---|---|
|1.5|Expenditure|||||||
||Expenditure
is recognised once there is alegal
probable
that a transfer of economic
benefits|or constructive
obligation to transfer
will be required
in settlement,
and|
|economic benefit to athird party, it is
the amount ofthe obligation
can be||||
||measured
reliably.|||||||
||Expenditure
is classified by activity. The costs|ofeach activity
are made up ofthe|total ofdirect costs and shared costs,|||||
||including
support
costs involved
in undertaking|each activity. Direct costs attributable
to a single||||activity
are allocated||
||directly
to that
activity.
Shared
costs which|contribute
to more
than
one activity
and
support||||costs which
are not||
||attributable
to a single activity
are apportioned|between
those activities
on a basis||consistent
with||the use ofresources.||
||Central staff costs are allocated
on the basis oftime spent,
and depreciation
charges are allocated|||||on the portion ofthe||
||asset's use.|||||||
|1.6|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 offthe|cost or valuation ofassets less their|residual
values||over their||useful lives|
||on the following
bases:|||||||
||Computers|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 ofthe asset, and is recognised
in|the statement offinancial activities.||||||
|1.7|Impairment
offixed assets|||||||
||At each reporting
end date, the charity reviews|the carrying
amounts of its tangible||assets to determine
whether
there is||||
||any indication
that those assets have suffered an impairment
loss. Ifany such indication
exists, the recoverable||||||amount of|
||the asset is estimated
in order to determine
the extent ofthe impairment
loss (ifany).|||||||
|1.8|Cash and cash equivalents|||||||
||Cash and cash equivalents
include cash in hand,|deposits held at call with banks, other short-term
liquid investments
with||||||
||original
maturities ofthree months
or less, and|bank overdrafts.
Bank overdrafls
are||shown within|borrowings||in current|
||liabilities.|||||||
|1.9|Financial instruments|||||||
||The charity
has elected to apply
the provisions
of Section
11 'Basic Financial||Instruments'
and|||Section|12 'Other|
||Financial Instruments
Issues' ofFRS 102to all ofits financial
instruments.|||||||
||Financial
instruments
are recognised
in the charity's
balance
sheet when
the charity
becomes
party to the||||||contractual|
||provisions ofthe 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 offthe recognised|amounts
and there is an intention
to||settle on anet|basis or to realise the|||
||asset and settle the liability
simultaneously.|||||||
||Basicfinancial 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 amarket rate ofinterest. Financial assets classified as receivable|||within one year are not|||amortised.|
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||Preschool|Preschool|
|---|---|---|
||2022|2021|
||f||
|Fees received|51,746|41,368|
|Fundraising|618|1,380|
|Essex County Council|104,867|111,362|
||157,231|154,110|
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|4|Investments|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2022|2021|
||||||E|
||Interest receivable|||32||
|5|Charitable|activities||||
|||||Preschool|Preschool|
|||||2022|2021|
|||||f,||
||Staffcosts|||134,684|125,383|
||Depreciation||and impairment|1,482|1,642|
||Insurance|||1,041|1,042|
||Rent|||14,724|13,683|
||Telephone|||369|870|
||Tralnlng|||850|1,376|
||Sundries|||4,820|5,790|
||Printing,
postage and stationery|||787|1,223|
||Bank charges|||52|(2,432)|
||Accountancy
and legal fees
Hire ofequipment|||870
2,004|820
2,004|
||Consumable||s|6,606|9,542|
||Refurbishment||ofoutdoor area|5,550|16,800|
|||||173,839|177,743|
|||||173,839|177,743|
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|The average|monthly|number ofemployees|during the year was:|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Number|Number|
|Preschool staff||||8||
|Employment|costs|||2022|2021|
||||||f|
|Wages and salaries||||130,721|120,201|
|Social security costs||||2,015|3,268|
|Other pension|costs|||1,948|1,914|
|||||134,684|125,383|
|8|Tangible fixed assets|Tangible fixed assets||||
|---|---|---|---|---|---|
||||||Computers|
||Cost|||||
||At 1 September 2021||||12,477|
||Dispo sais||||(7,503)|
||At 31August|2022|||4,974|
||Depreciation|and impairment||||
||At 1 September 2021||||9,474|
||Depreciation|charged in the|year||1,482|
||Eliminated
in respect ofdisposals||||(7,503)|
||At 31August|2022|||3,453|
||Carrying
amount|||||
||At 31August|2022|||1,521|
||At 31August|2021|||3,003|
|9|Debtors|||||
|||||2022|2021|
||Amounts
falling due within||one year:|||
||Other debtors|||500|500|
||Prepayments|and accrued income||439|433|
|||||939|933|
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|10|Other creditors falling due within one year|||
|---|---|---|---|
|||2022|2021|
|||f|f|
||Other creditors
Accruals and deferred income|19,368
868|9,331
820|
|||20,236|10,151|
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