REGISTERED CHARITY NUMBER: 1142961
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2021
for Severn Beach Preschool
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Severn Beach Preschool
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Severn Beach Preschool
Report of the Trustees
for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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).
The committee changes regularly and those detrains are reported to Ofsted as legally required.
The committee work cohesively with the staff at the preschool to provide childcare for the children in Severn Beach and surrounding villages. In particular we provide free places for these children in receipt of the 15 hours Nursery Education Grant and, once again, this year have taken on many children eligible for the 2 year old funding. This year we accepted a greater number of children with 30 hours funding.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity provides preschool provision for funded and non-funded 2 - 5 year olds.
Significant activities
Activities are broad and varied but in essence we follow the Early Years Foundation Stage 2021 as required by law and the children enjoy a whole host of opportunities and experiences to enable their learning and development.
This year we again enrolled, cared for and taught children with SEN and EAL and feel we enabled every child to make progress. We follow the SEN code of practice and again managed to secure funding to improve communication and language skills for children from disadvantaged backgrounds and from those with speech delay and English as an additional language.
We were inspected by Ofsted in July 2017 and were awarded the grade of Outstanding, we still retain this same grade.
FINANCIAL REVIEW
The preschool has returned to a more normal process following the COVID 19 pandemic. The preschool generated a surplus of £8,868 this year.
Income increased, but is not yet back to the pre-pandemic level. The number of staff remained constant during the year to enable us to provide sufficient staffing during the pandemic to maintain a high standard of care and education.
We have spent just over £5,976 on extending the play area and renewing and updating resources inside allowing us to provide more focussed learning at times to ensure that all children continue to make progress. .
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a small village preschool managed by a volunteer committee made up of parents. We have adopted the Pre School learning Alliance constitution and abide by the rules set out in these regulations.
Page 1
Severn Beach Preschool
Report of the Trustees
for the Year Ended 31 August 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1142961
Principal address Severn Beach CP School Ableton Lane Severn Beach S GLOS BS35 4PP
Trustees Mrs N Hills Mrs C M Crew J Hogan
Independent Examiner Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs N Hills - Trustee
Page 2
Independent Examiner's Report to the Trustees of Severn Beach Preschool
Independent examiner's report to the trustees of Severn Beach Preschool
I report to the charity trustees on my examination of the accounts of Severn Beach Preschool (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
P S Helps Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Date: .............................................
Page 3
Severn Beach Preschool
Statement of Financial Activities for the Year Ended 31 August 2021
| 31.8.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 111,658 Other income 297 Total 111,955 EXPENDITURE ON Raising funds 6,927 Charitable activities Governance Costs 94,172 Other 1,988 Total 103,087 NET INCOME/(EXPENDITURE) 8,868 RECONCILIATION OF FUNDS Total funds brought forward 49,568 TOTAL FUNDS CARRIED FORWARD 58,436 |
31.8.20 Total funds £ 95,924 5,877 101,801 4,365 98,394 3,639 106,398 (4,597) 54,165 49,568 |
|---|---|
The notes form part of these financial statements
Page 4
Severn Beach Preschool
Statement of Financial Position
| 31 August 2021 31.8.21 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 58,436 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 58,436 TOTAL ASSETS LESS CURRENT LIABILITIES 58,436 NET ASSETS 58,436 FUNDS 6 Unrestricted funds 58,436 TOTAL FUNDS 58,436 |
31.8.20 Total funds £ 49,735 (167) 49,568 49,568 49,568 49,568 49,568 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Hogan - Trustee
The notes form part of these financial statements
Page 5
Severn Beach Preschool
Notes to the Financial Statements for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Taxation
The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Teaching staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other income Total EXPENDITURE ON Raising funds Charitable activities Governance Costs Other Total NET INCOME/(EXPENDITURE) |
31.8.21 31.8.20 8 8 Unrestricted fund £ 95,924 5,877 101,801 4,365 98,394 3,639 106,398 (4,597) |
|---|---|
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 7
continued...
Severn Beach Preschool
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the Year Ended 31 August 2021 | ||||
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 54,165 | |||
| TOTAL FUNDS CARRIED FORWARD | 49,568 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Other creditors | - | 167 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds |
31.8.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 49,568 | 8,868 | 58,436 | |
| TOTAL FUNDS | 49,568 | 8,868 | 58,436 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources |
Movement | ||
| resources | expended |
in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 111,955 | (103,087) | 8,868 | |
| TOTAL FUNDS | 111,955 | (103,087) | 8,868 |
Page 8
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,165 | (4,597) | 49,568 |
| TOTAL FUNDS | 54,165 | (4,597) | 49,568 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 101,801 | (106,398) | (4,597) |
| TOTAL FUNDS | 101,801 | (106,398) | (4,597) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,165 | 4,271 | 58,436 |
| TOTAL FUNDS | 54,165 | 4,271 | 58,436 |
Page 9
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. MOVEMENT IN FUNDS - continued
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 £ 213,756 213,756 |
Resources Movement expended in funds £ £ (209,485) 4,271 (209,485) 4,271 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
Mrs C M Crew received a salary and pension contribution as the manager of the pre-school. None of the salary was in respect of Trustees' duties.
Page 10
Severn Beach Preschool
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 INCOME AND ENDOWMENTS Donations and legacies Education grants Fees Uniforms Dinner money Other income Furlough grants Total incoming resources EXPENDITURE Other trading activities Equipment and toys Christmas/end of year party School dinners Other Administration costs Cleaning Refreshments Repairs and maintenance Training Uniforms Subscriptions Support costs Management Insurance Carried forward |
31.8.21 £ 93,588 16,744 229 1,097 111,658 297 111,955 5,976 154 797 6,927 393 157 393 193 - 544 308 1,988 789 789 |
31.8.20 £ 82,546 12,148 121 1,109 95,924 5,877 101,801 2,948 241 1,176 4,365 441 192 211 262 1,616 541 376 3,639 789 789 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Severn Beach Preschool
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 Management Brought forward Telephone Other Rates and water Rent Governance costs Wages Social security Pensions Accountancy and legal fees Subcontract labour Total resources expended Net income/(expenditure) |
31.8.21 £ 789 580 1,369 757 3,124 3,881 86,472 398 1,124 648 280 88,922 103,087 8,868 |
31.8.20 £ 789 869 1,658 400 4,220 4,620 87,971 987 2,110 468 580 92,116 106,398 (4,597) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
| Opening Balance | 49,734.76 | 59718.19 | 53975.71 | 56,826.98 | 63,802.88 | 56,548.87 | 53,249.38 | 64,729.28 | 79,243.19 | 72,241.46 | 76,637.37 | 66,995.42 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenditure | Sep-20 | Oct-20 | Nov-20 | Dec-20 | Jan-21 | Feb-21 | Mar-21 | Apr-21 | May-21 | Jun-21 | Jul-21 | Aug-21 | |||||
| Salaries | 6359.81 | 6473.95 | 6205.50 | 6519.69 | 6055.93 | 5797.79 | 6049.31 | 6589.91 | 7326.28 | 6311.28 | 7025.75 | 6552.43 | |||||
| Council Tax AEO -South Glos. Council | 63.96 | 89.76 | 91.69 | 0.00 | 123.63 | 52.73 | 52.27 | 54.38 | 57.10 | 58.69 | 58.16 | 54.38 | |||||
| NEST -Pension Contribu3ons | 166.55 | 230.93 | 198.72 | 185.61 | 227.87 | 212.90 | 166.86 | 181.20 | 464.55 | 0.00 | 233.32 | 520.69 | |||||
| BenneD Stock Ltd -Professional Fees | 24.00 | 24.00 | 204.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 204.00 | |||||
| HMRC PAYE & NI | 705.99 | 491.18 | 466.78 | 0.00 | 1181.33 | 379.68 | 447.66 | 1108.20 | 942.97 | 701.76 | 858.00 | 820.20 | |||||
| Rent | 0.00 | 379.50 | 737.20 | 0.00 | 642.30 | 0.00 | 0.00 | 642.60 | 0.00 | 0.00 | 722.00 | 0.00 | |||||
| External Invoices: | |||||||||||||||||
| Way Gym -Subcontract Labour | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Vibe Dance -Subcontract Labour | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 280.00 | 0.00 | |||||
| Learning Alliance Insurance | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 789.45 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Linela-Uniforms | 0.00 | 135.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 408.56 | 0.00 | 0.00 | 0.00 | |||||
| Aspens_- School Dinners_ | 0.00 | 0.00 | 112.88 | 130.94 | 85.79 | 2.26 | 0.00 | 103.84 | 0.00 | 173.83 | 130.94 | 56.44 | |||||
| Staff Expenses: | |||||||||||||||||
| Staf Training | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Refreshments | 27.41 | 30.31 | 36.21 | 16.19 | 2.51 | 3.78 | 115.56 | 61.14 | 30.24 | 51.46 | 18.40 | 0.00 | |||||
| Cleaning | 21.84 | 21.78 | 57.83 | 0.65 | 0.00 | 1.58 | 16.42 | 0.00 | 18.08 | 11.30 | 7.70 | 0.00 | |||||
| Telephone | 0.00 | 0.00 | 57.85 | 0.00 | 0.00 | 74.22 | 98.86 | 0.00 | 115.54 | 40.75 | 41.94 | 151.00 | |||||
| AdministraZon | 8.40 | 3.99 | 36.39 | 8.00 | 50.00 | 0.00 | 39.45 | 55.10 | 120.00 | 56.08 | 15.52 | 0.00 | |||||
| Equipment & Toys | 66.55 | 36.27 | 736.59 | 365.22 | 909.67 | 270.11 | 547.67 | 576.42 | 182.78 | 689.29 | 1394.88 | 200.69 | 7752.97 | ||||
| NaZvity/Christmas/End of Year Party | 0.00 | 0.00 | 0.00 | 29.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 124.94 | 0.00 | |||||
| Repairs & Maintenance | 46.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 103.35 | 0.00 | 0.00 | 43.00 | 0.00 | |||||
| SubscripZons | 35.00 | 0.00 | 0.00 | 153.60 | 0.00 | 0.00 | 0.00 | 84.15 | 0.00 | 0.00 | 35.00 | 0.00 | |||||
| Staf Expenses Total | 205.71 | 92.35 | 924.87 | 572.86 | 962.18 | 349.69 | 817.96 | 880.16 | 466.64 | 848.88 | 1681.38 | 351.69 | |||||
| Total Expenditure | 7526.02 | 7916.67 | 8941.64 | 7433.10 | 9303.03 | 6819.05 | 7558.06 | 10373.74 | 9690.10 | 8118.44 | 11013.55 | 8559.83 | |||||
| Income | |||||||||||||||||
| Fees Paid In | 2803.04 | 2032.29 | 3207.56 | 2355.75 | 686.56 | 0.00 | 1543.36 | 1116.40 | 1248.15 | 1341.35 | 637.90 | 0.00 | 16081.13 | plus £16.76** | 16097.89 | ||
| Uniforms | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Fees Paid In - South Glos. EducaZon Grants | 14654.91 | 0.00 | 8397.45 | 11969.75 | 317.46 | 3197.92 | 14983.40 | 23704.05 | 1304.52 | 11018.20 | 0.00 | 0.00 | |||||
| Fundraising Events/DonaZons | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Cooked school dinner money | 51.50 | 141.90 | 187.90 | 83.50 | 45.00 | 25.00 | 111.20 | 67.20 | 135.70 | 154.80 | 93.70 | 0.00 | 1461.44 | ||||
| Bath Spa University EYITT Bursary/Grant | 0.00 | 0.00 | 0.00 | 0.00 | 1000.00 | 0.00 | 2400.00 | 0.00 | 0.00 | 0.00 | 640.00 | 0.00 | |||||
| HMRC Furlough payments (Covid) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 296.64 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Total Income | 17509.45 | 2174.19 | 11,792.91 | 14409.00 | 2,049.02 | 3519.56 | 19037.96 | 24887.65 | 2688.37 | 12514.35 | 1371.60 | 0.00 | 100182.07 | ||||
| Closing Balance | 59,718.19 | 53,975.71 | 56,826.98 | 63,802.88 | 56,548.87 | 53,249.38 | 64,729.28 | 79,243.19 | 72,241.46 | 76,637.37 | 66,995.42 | 58435.59 |
1
REGISTERED CHARITY NUMBER: 1142961
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2021
for Severn Beach Preschool
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Severn Beach Preschool
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Severn Beach Preschool
Report of the Trustees
for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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).
The committee changes regularly and those detrains are reported to Ofsted as legally required.
The committee work cohesively with the staff at the preschool to provide childcare for the children in Severn Beach and surrounding villages. In particular we provide free places for these children in receipt of the 15 hours Nursery Education Grant and, once again, this year have taken on many children eligible for the 2 year old funding. This year we accepted a greater number of children with 30 hours funding.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity provides preschool provision for funded and non-funded 2 - 5 year olds.
Significant activities
Activities are broad and varied but in essence we follow the Early Years Foundation Stage 2021 as required by law and the children enjoy a whole host of opportunities and experiences to enable their learning and development.
This year we again enrolled, cared for and taught children with SEN and EAL and feel we enabled every child to make progress. We follow the SEN code of practice and again managed to secure funding to improve communication and language skills for children from disadvantaged backgrounds and from those with speech delay and English as an additional language.
We were inspected by Ofsted in July 2017 and were awarded the grade of Outstanding, we still retain this same grade.
FINANCIAL REVIEW
The preschool has returned to a more normal process following the COVID 19 pandemic. The preschool generated a surplus of £8,868 this year.
Income increased, but is not yet back to the pre-pandemic level. The number of staff remained constant during the year to enable us to provide sufficient staffing during the pandemic to maintain a high standard of care and education.
We have spent just over £5,976 on extending the play area and renewing and updating resources inside allowing us to provide more focussed learning at times to ensure that all children continue to make progress. .
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a small village preschool managed by a volunteer committee made up of parents. We have adopted the Pre School learning Alliance constitution and abide by the rules set out in these regulations.
Page 1
Severn Beach Preschool
Report of the Trustees
for the Year Ended 31 August 2021
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1142961
Principal address Severn Beach CP School Ableton Lane Severn Beach S GLOS BS35 4PP
Trustees Mrs N Hills Mrs C M Crew J Hogan
Independent Examiner Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs N Hills - Trustee
Page 2
Independent Examiner's Report to the Trustees of Severn Beach Preschool
Independent examiner's report to the trustees of Severn Beach Preschool
I report to the charity trustees on my examination of the accounts of Severn Beach Preschool (the Trust) for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
P S Helps Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Date: .............................................
Page 3
Severn Beach Preschool
Statement of Financial Activities for the Year Ended 31 August 2021
| 31.8.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 111,658 Other income 297 Total 111,955 EXPENDITURE ON Raising funds 6,927 Charitable activities Governance Costs 94,172 Other 1,988 Total 103,087 NET INCOME/(EXPENDITURE) 8,868 RECONCILIATION OF FUNDS Total funds brought forward 49,568 TOTAL FUNDS CARRIED FORWARD 58,436 |
31.8.20 Total funds £ 95,924 5,877 101,801 4,365 98,394 3,639 106,398 (4,597) 54,165 49,568 |
|---|---|
The notes form part of these financial statements
Page 4
Severn Beach Preschool
Statement of Financial Position
| 31 August 2021 31.8.21 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 58,436 CREDITORS Amounts falling due within one year 5 - NET CURRENT ASSETS 58,436 TOTAL ASSETS LESS CURRENT LIABILITIES 58,436 NET ASSETS 58,436 FUNDS 6 Unrestricted funds 58,436 TOTAL FUNDS 58,436 |
31.8.20 Total funds £ 49,735 (167) 49,568 49,568 49,568 49,568 49,568 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Hogan - Trustee
The notes form part of these financial statements
Page 5
Severn Beach Preschool
Notes to the Financial Statements for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Taxation
The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Teaching staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other income Total EXPENDITURE ON Raising funds Charitable activities Governance Costs Other Total NET INCOME/(EXPENDITURE) |
31.8.21 31.8.20 8 8 Unrestricted fund £ 95,924 5,877 101,801 4,365 98,394 3,639 106,398 (4,597) |
|---|---|
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 7
continued...
Severn Beach Preschool
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the Year Ended 31 August 2021 | ||||
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 54,165 | |||
| TOTAL FUNDS CARRIED FORWARD | 49,568 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.21 | 31.8.20 | |||
| £ | £ | |||
| Other creditors | - | 167 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds |
31.8.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 49,568 | 8,868 | 58,436 | |
| TOTAL FUNDS | 49,568 | 8,868 | 58,436 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources |
Movement | ||
| resources | expended |
in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 111,955 | (103,087) | 8,868 | |
| TOTAL FUNDS | 111,955 | (103,087) | 8,868 |
Page 8
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.19 | in funds | 31.8.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,165 | (4,597) | 49,568 |
| TOTAL FUNDS | 54,165 | (4,597) | 49,568 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 101,801 | (106,398) | (4,597) |
| TOTAL FUNDS | 101,801 | (106,398) | (4,597) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.9.19 | in funds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,165 | 4,271 | 58,436 |
| TOTAL FUNDS | 54,165 | 4,271 | 58,436 |
Page 9
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. MOVEMENT IN FUNDS - continued
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 £ 213,756 213,756 |
Resources Movement expended in funds £ £ (209,485) 4,271 (209,485) 4,271 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
Mrs C M Crew received a salary and pension contribution as the manager of the pre-school. None of the salary was in respect of Trustees' duties.
Page 10
Severn Beach Preschool
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 INCOME AND ENDOWMENTS Donations and legacies Education grants Fees Uniforms Dinner money Other income Furlough grants Total incoming resources EXPENDITURE Other trading activities Equipment and toys Christmas/end of year party School dinners Other Administration costs Cleaning Refreshments Repairs and maintenance Training Uniforms Subscriptions Support costs Management Insurance Carried forward |
31.8.21 £ 93,588 16,744 229 1,097 111,658 297 111,955 5,976 154 797 6,927 393 157 393 193 - 544 308 1,988 789 789 |
31.8.20 £ 82,546 12,148 121 1,109 95,924 5,877 101,801 2,948 241 1,176 4,365 441 192 211 262 1,616 541 376 3,639 789 789 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Severn Beach Preschool
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 Management Brought forward Telephone Other Rates and water Rent Governance costs Wages Social security Pensions Accountancy and legal fees Subcontract labour Total resources expended Net income/(expenditure) |
31.8.21 £ 789 580 1,369 757 3,124 3,881 86,472 398 1,124 648 280 88,922 103,087 8,868 |
31.8.20 £ 789 869 1,658 400 4,220 4,620 87,971 987 2,110 468 580 92,116 106,398 (4,597) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12