REGISTERED COMPANY NUMBER- 07031461 (England and Wale5) REGISTERED CHARITY NUMBER: 1143035 REPORT OF THE TRUSTEES AND UNAUDITED FIi¥ANCJAL sfATEMEfffs FOR THE YEAR ENDED 31 AUGUST 2020 FOR KEfTON EARLY BIRDS Hackett Grtffey LLP Chartered Certified Ac¢(>untartts 31 High Street Haverhill Suffolk CB9 8AD 9ZSVIPD* 0810312021 COMPANIES HOUSE
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KEThON EARLY BIRDS CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED31 AUGUST 2020 Page Reftrence and Administrdtive tktsi15 Report of the Trusitts IndependeDI Examiner's Rert Swement of Financial Aciivities Stsi¢ment of Financial Posilion 5t06 Notes io the Financial Stsiements 710 10 tktailed Ststemeni of Finan¢ial Activities to12
KETTON EARLY BIRDS REFERENCE AND ADMINISTRATJVE DETAILS FOR THE YEAR ENDED31 AUGugf 2020 TRUSTEES Dr Z Palmer G Covington E Stevenson L Morley C A Lknveday J Ni¢hols D Hook H Cani R Elding A Rule COMPANY SECRETARY G covin0 REGisfERED OFFICE Church Walk Kedingion Haverbill Suffolk CB9 7QZ REGISTERED COMPANY NUMBER 07031461 (England and Wales) REGISTERED CHARITY NUMBER 1143035 INDEPENDENT EXAMINER Hackcll Grtffey LLP Chartered CenifJ¢d A¢¢outythnis 31 HiÉh Sire Haverhill Suffolk C89 8AD Page I
KETTON EARLY BIRDS REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 211211 The trusiees who are also direciors of the charity for Ihe purposes of ihe Companies Aci 2006. present their repon with Ihe financial staiements of The charity for the year ended 31 August 2020. Th¢ tNst¢es have adopred the provisions of Aceouniin8 and Reponing by Charities.. Sraiemeni of Rxommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2015). OBJECTIVES AND AcfiviTIES Obj¢¢tive5 and xims The charity's objeciive is to enhan¢¢ the dev¢lopment and edu¢ation of ¢hildren under ststuiory school age for the benefit of the community. The tru51ee5 have complied with the dury in Section 17 of the 2011 Chariries Act with regard io the public benefii requiremeni. ACHIEVEMENT AND PERFORMANCE Charitable a¢¢iviti¢5 The charitabl¢ activity of thc company is the operdtion of a pre school in accordance with th¢ objective. FINANCIAL REVIEW Principal funding 50ur£es The principal funding source5 for ihe charity are by way of fees rendered and lo¢al authority granL%. Reserves poIi¢y The funds of rhe charity are applsed in fijrtherance of ifs objeciiwes and aims. It is the policy of the charity to mainiain unr¢5trict¢d funds, which are the fr¢¢ res¢rvcs of the charity, at a level to provide sufficien( funds ro cover lernporary timing differ¢nc¢s in 8fdnt claims and to rover moderdte shortfalls. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing doeuffltTrt The chariry is Gontrolled by its governing dUMent. a deed of trusl and constitutes a limited company, lirnited by gu4Taniee, as defin¢d by the Companie5 Act 2006. Recryitment aAd appointment of new trustees The directors of ihe company are also charity Irustee5 for the purposes of charity law. The recruitment and appointment of new trusiees are in accordance with the consiitufion of th¢ charity and r¢*le¢ted ai the ArUal General Meeiing. Covid 19 The trustees have considered the impact of Covid -19 on the Charity. Th¢y have concluded thai the measures and safeguard5 the Charity has implemented including the grdnt funding has h¢lp¢d rninimi5C the risks and uncertainties facing the ChaTity and ¢he $ecior in general. Approved by order of the board of mistees on .... l . and signed on its behalf by.. G Covington- S¢cretary Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRusfEES OF KETTON EARLY BIRDS Independent examiner's report to the ¢rus¢ees of K¢tton Early Birds {'the Company,) I report to the charity trustees on my ¢xatniDation of the a¢¢ounts of the Company for the year ended 31 Augusi 2020. Responsibilities and basis of report As the charity's trustees of Ihe Company (artd also its directors for the PUTposes of company law) you are responsible for the preparation of ihe accounts in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself ¢hai the accounts of the Company are required io be audited under Pan 16 of the 2006 Act and are eligible for independeni examina(ion. I report in respect of my examination of your charitys accounrs as carried oul under se¢tion 145 of the Ch8ritles A¢t 2011 (the 2011 Ac¢)- In carying oui my ¢xamination I have follow¢d the Direction5 given by the Charity Commission under section 145(5) (b) of the 201 l Act. Independent exarniner's staiement I have completed my examinaiion. I confirnl no matters have come io my attention in connecrion wilh the examination giving me cause to believe= accounting records were noi kept in respect of the Company &5 T¢quir¢d by sethion 386 of th¢ 2006 Aci.. or the accounts do not accord wirh those records. or Ihe accounis do not comply with the accounting requiremènis of seclioD 396 of the 2006 Act oth¢r than any requiiemeni thai ihe a¢¢ountS give a true and fair view which is noi a matter considered as part of an independenl examinaiion: or the a¢¢ounts have noi been prepared in ¥c¢ordance with the m¢th(xts and principle5 of the Stsiemeni of Recommended Practice for accounting and reporting by charities [appli¢able to charilies preparing iheir accounis in accordance with the Financial Reporting Srandard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have ¢ome across no other matters in conneciion with the examination to which attention should b¢ drawn in this report in ord¢r to enable a proper underSnding of the accounts io be r¢ach¢d Jonarhan Griff¢y Hackett Griffey LLP Chartered Certified Accountants 31 High SITeei Haverhill Suffolk CB9 SAD Date.. Page 3
KE0 EARLY BIRDS STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 AUGUST 2020 2020 Total fvnds 2019 Total fijnds Unrestricied fund Restricted filnd Notes. INCOME AND ENDOWMENTS FROM Ch*ritabl¢ a¢tlVLtie5 Other grants F¢e5 Local authority grant CJRS Grart(S Wes¢ Suffolk Council Covid 19 Business Grant 707 47.253 113,298 4.914 10.000 707 47.253 113,298 4,914 10.000 1,707 69.754 90,235 Other trading activiiies Invesimeni income Oth¢r income 716 39 1.734 716 39 1.734 2.589 35 3,692 Total 178,661 178,661 168.012 EXPENDITURE ON Charitable activities Op¢r41ional costs of P-School 163.113 163.113 173,407 NET INCOMFJ(EXPENDITURE) 15.548 15.548 15J95) RECONCILIATION OF FUNDS To¢al funds broughi forwArd 66.390 66,390 71,785 TOTAL FUNDS CARRIED FORWARD 81.938 81,938 66.390 The notes forn part of these financial s¢at¢ments Page 4
KEON EARLY BIRDS STATEMENT OF FINANCIAL POSJTIOJ¥ AT 31 AUCUST 20211 2020 Total funds 2019 Total fund5 Unrestricied fund Restricied fijnd Notes FIXED ASSETS Tangible assets 10.181 10.967 CURRENT ASSETS Debtors Cash at bank and in hand 271 101,595 271 101.595 502 84.977 101.866 101.866 85,479 CREDITORS Amounts falling due within one year - (7.169) (7.169) (9.900) NET CURRENT ASSETS 94,697 94.697 75.579 TOTAL ASSETS LESS CURRENT LIABILITIES 104,878 104.878 86.546 ACCRUALS AND DEFERRED INCOME 10 (22.940) (22.940) (20,156) NET ASSETS 81.938 81,938 66.390 FUNDS Unrtstricted fund5 81.938 66.390 TOTAL FUNDS 81,938 66.390 The notes fomi pan of these financial stsiements Pa8¢ 5
KErroN EARLY BIRDS STATEMENTOF FJ]4ANCIAL POSITION- CONTINUED AT 31 AUGUST 202(1 The chari(able company is entitled io exernprion from audit under Section 477 of the Companies Act 2006 for th¢ y¢ar ended 31 Augu512020. The memb¢r5 hav¢ not required ihe company io obtsin an audit of its finan¢ial stsiemenis for the year ended 31 Augusi 2020 in accordanc¢ with Section 476 of th¢ Companies Aci 2006. The trstee5 a¢knowled8e their responsibilities for (a) ensuring that the charitable Gompany k¢eps accounting records lh comply with Section$ 386 and 387 of the Companies Act 2006 and preparing financial sraiemenis which give a true and fair view of the slat¢ of affairs of the chari(able company as
t the end of each financial year and of its sUlUS or deficii for each fin8ncial ye8r in arcordance with ihe
requirements of Section5 394 and 395 and which otheTwÈse comply wiih ihe requirement5 of the Companies Act 2LX)6 relating fo financial stalernen. 50 far applIble to the clwiiable company. (b) These financial stat¢rn¢nt5 have been prepared in accordance with the provisions applicable io chariiable companies subject to the srnall ¢ompaDi¢5 regime. The finan¢ial staiem¢nis were approved by the Board of Tnle¢S on ..... behalf by.. ]ox...... and were signed on its C A Loveday-Trustee Dr Z PaImer-Truee The notes fonn part of these financial statements Page 6
KE0]4 EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUCUST2020 ACCOUNTING POLICIES B1si5 of preparing iht firtathei81 st*tsmeots The financial statements of the charitsble company. which is a public benefii en¢iry under FRS 102. have been prepared in accordance wilh ihe Chariiies SORP (FRS 102) 'Accounling and Reporting by CharitTres.. Siaiemeni of Recommended Prac(ice applicable io ¢hariti¢$ preparing their accounts in accordanc¢ with th¢ Financial R¢poning Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effeetive l January 2015)., Finan¢iJl Reptsrting Stsndard 102 The Financial Reporting Stsndaid applicable in th¢ UK and R¢publi¢ of Ireland. and the Companies Aci 2006. The financial ststements have been prepared under rhe histOTical cosl convention. Intomt All income is re¢ognis¢d in the Statement of Financial Activities onc¢ the charity has entiilern¢nt to the funds, il is probable that the in¢om¢ will be re¢eived and the amount Gan b¢ m¢asur¢d reliably. Expendkture Liabilities are recognised as expenditure as soon as ihere 15 a legal or constyuctive obligation commilting the chariry to rhai expenditure. li is probable thai a transfer of economic benefits will be required in Settlement and the amouni of the obligation can be measured reliably. Expendiwre is accounied for on an accruals basis and has b¢en classified under headings that aggregate all cosi related to th¢ ¢ategory. Where costs cannot be direcily attributed io particular h¢ading$ they hav¢ been allocated io actLVlti¢s on a basis consistent with ihe use of resources. Tangible fixed assets D¢preci?tion 15 Provided at ¢h¢ following annual r4t¢5 in order to WTit¢ off each asset over its estimated useful Improvement5 10 property - ar varying rates on co The policy of the charity is io capiialise fixed assei expenditure greater than £1,000. Taxation The chariry is exempt from corporntion tsx on its charttabl¢ activiti¢s. Fund aetounting Unrestricred funds can be used in accordance with ihe charitabl¢ objediv¢5 at th¢ discretion of ihe trnstee5. Resiricted funds ¢an only be used for particular restricied PUTP05es within the objets of the charity. Restricrion5 arise when specified by the donor or when funds are rnised for particular restriued purposes. Further explanaiion of the nale and purpose of each nd is included in the note5 to the fin¢11 staiemenis. Pension cost5 and other po$t-retiremeHt bentfils Th¢ charitable company op¢rat¢5 a defined contribuiion pension 5cherne. Contributions payable to the chariiable ompanys pension scheme are charged w the SMemeni of Financial Activili¢s in the period io which they relate. OTHER TRADING ACTIVITIES 2020 2019 Fundraising events her r¢¢¢ipts 544 172 1,478 716 2.589 Page 7
KE0 EARLY BIRDS NOTLS TO THE FINANCIAL sfATEMENTS- CONTINUED FOR THE YEAR ENDED31 AUCUST 2020 INVESTMENT INCOME 2020 2019 Dew)sit a¢count int¢resi 39 35 NET INCOMEI(EXPENDITURE) Nei incomel{expenditure) is stattd after chargin(Crediting)'. 2020 2019 D¢pr¢cia¢ion- owned assets 2,136 1,501 TRUSTEES. REMUNERATION AND BENEFITS Trusttts, expenses There were no irusiees. expense5 paid for ihe year ended 31 August 2020 nor for the year ended 31 Augusr 2019. STAFF COSTS The average monthly number of employees during the year w&% &% follows= 2020 16 2019 Childcare & administration No employees received emoluments in excess of £60.0(KI. The average number of ¢mploy¢es includ¢s full time ond part tlme staff. TANGIBLE FIXED ASSETS Improvements io property COST Ai I Septernber 2019 Addition5 21.832 1.350 Ai 31 August 2020 23.182 DEPRECIATION Ar I Sepcember 2019 Charge for year 10,865 2,136 At 31 August 2020 13.001 NET BOOK VALUE At 31 August 2020 Ai 31 Augusi2019 10,967 Page
KEON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2020 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Trdde debiors Orher debtors 271 420 82 271 502 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Trade ereditors Other creditors Accrued expenses 228 4,581 2,360 495 4,137 5,268 7,169 9,900 DefetTed income relaies io charitsble aciivity fijnding CeiV¢d in adwan¢¢. 10. ACCRUALS AND DEFERRED INCOME 2020 2019 Deferr¢d governmeni grants 22.940 20,156 MOVEMENT IN FUNDS Nei movement in funds Ai 1.9.19 AT 31.8.20 Unresiricted fund5 General fund 66,390 15,548 81.938 TOTAL FUNDS 66.390 15.548 81.938 movement in funds. included in the above are as follows.. Incoming re50urc¢s Resources expended Movem¢nt in funds Unre$tritteO funds General fund 178,661 (163.113) 15.548 TOTAL FUNDS 178,661 (163.113) 15,548 Page 9
KETTON EARLY BIRDS NOTFS TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED31 AUGUST 202(1 MOVEMENT IN FUP4DS- eontirtu Compar¥Jtlv for movem¢n¢ in funds Net movement in ndS At 1.9.18 Ai31.8.19 Unrestrlcted Funds General fund 71.785 (5.395) 66,390 TOTAL FUNDS 71.785 (5.395) 66,390 Compardtive net movement in funds, included in the above are follows.. Incoming resources Resourc¢5 ¢xpended Movernent in fid5 Unrestricted lthnds General nd 168.012 (173.407) 15.395) TOTAL FUNDS 168.012 (173.407) (5,395) A current year 12 months and prior y¢ar 12 months combined posiiion is as follows.. Net movemeni in fund5 At 1.9.18 At 31.8.20 Vnrestrict¢d funds General fund 71.785 10,153 81,938 TOTAL FUNDS 71,785 10.153 81,938 A curr¢nt year 12 months and prior year 12 months combined net rnovemeni in fvnds, iluded in the above are as follows.. Incoming resources Resourc¢5 expended Movement in fvnds Unrestrlel funds General fvnd 346,673 1336,520) 10,153 TOTAL FUNDS 346,673 (336,520) 10.153 12. RELATED PARTY DISCLOSURES There were no related party transa10$ for ihe year ended 31 AUgl 2020. Page 10