**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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