## DRAFT
## **Kiddy Winks Pre-School** (Registered charity, number 1143981) **Financial statements for the year ended 31 March 2021**
|**Page**|**Contents**|
|---|---|
|2 - 4|Trustees’ annual report|
|5|Independent examiner’s report|
|6|Receipts & payments account|
|7|Statement of assets & liabilities|
|8 - 9|Notes to the accounts|
## DRAFT
## **Kiddy Winks Pre-School Trustees’ annual report for the year ended 31 March 2021**
**Full name** Kiddy Winks Pre-School
## **Registered charity number** 1143981
## **Principal address**
Bakersfield Community Centre, 312 Sneinton Dale, Sneinton, Nottingham, NG3 7DN
## **Trustees**
Sarah Jayne Brooks, Chair Joanne Flint
## **Independent examiner**
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
## **Governance and management**
The charity is operated under the rules of its constitution adopted 9[th] May 2011. Trustees are appointed through recruiting our parents/carers. We are currently having a committee drive, we have lots of new parents who are interested, we will be getting them on board over the summer break.
## **Objectives and activities**
The aims of the pre-school are to;
- Enhance the development and education of children primarily under statutory age by encouraging parents to understand and provide for the needs of their children through community groups;
- Offer appropriate play, education and care facilities, family learning and extended hour’s groups. Together with the right of parents to take responsibility for, and to become involved in, the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
- Encourage the study of needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
- Instigate, adhere to and further the aims and objectives of the Pre-School Learning Alliance, the local government and Ofsted.
## **Public benefit statement**
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
## **Summary of the main activities undertaken for the public benefit**
Our aim is to provide a high quality, affordable education for children under the age of 5 following the guidance of Ofsted and the Early Years Foundation Stage. We encourage parents to take an active role, by volunteering on our committee or during sessions.
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## **Kiddy Winks Pre-School**
## **Summary of the main achievements during the period**
Due to Coronavirus, we closed in March 2020 and didn't reopen to the children until September 2020. We were unable to open as the community centre was closed during this time.
We furloughed staff from April 2020, up until they were furloughed they accessed relevant training whilst at home.
Natalie Kiernan, Toni Thompson and Joanne Flint were not furloughed. Natalie and Toni were able to come into the setting and collate home packs for the children to do whilst at home. Joanne continued with admin support.
We have been quite low on children’s numbers since March 2020, as a lot of parents were still quite apprehensive about bringing their children to nursery during the pandemic. We have managed to get through the pandemic, and our numbers are rising rapidly. We are very thankful for all of the support from our families.
## **The charity’s policy on reserves**
We have a policy in place to state that we will keep £35,000 in reserves. At the moment we are using some of our reserves. This is due to a lack of income due to the pandemic.
## **Financial review**
We ran at a loss this financial year, but it was quite understandable and expected that this would happen due to the pandemic. As we were shut at the start of the summer 2020 term we were unable to have a new intake of children which was quite detrimental to our income. Also we were unable to claim the full 80% furlough money from the government, we were only entitled to claim what losses we made from the parents who pay fees which worked out at 18.6%. We were still paying staff 100% of their wages during closure. As there was still some anxiety from the parents when we reopend in September, this also caused us to have less children in the setting which also contributed to the deficit. We looked at different grants that were available but unfotunately we were not eligible to receive any as we were still getting funding from the government for the funded children who attend the nursery.
We hope that next financial year will be will be a better one, once parents are more confident sending their children to nursery, we will have a full and busy nursery. If for any reason we have to close the nursery again this may have a severe effect on whether we will be able to reopen again. We have some reserves in the bank for redundancies if this has to happen, but this will be a last resort measure. We have increased the price of fees for paying children. We will be looking at increasing our funded children from April 2021 as we do have a healthy waiting list. During the Autumn term we will look at whether we can have a Christmas fair (in line with Coronavirus restrictions) these are always very lucrative. Promoting the committee and finding willing fundraisers would be a bonus!
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## **Kiddy Winks Pre-School**
We would like to say a really big thank you to all of our staff, parents and children for your support over the last year. It has been a very difficult year for everyone and we appreciate all the help and support and adapting to the 'new way of life' that we have all faced. Thank you.
Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ Sarah Jayne Brooks, Trustee
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## DRAFT
## **Independent examiner’s report to the trustees of Kiddy Winks Pre-School for the year ended 31 March 2021**
I report to the trustees on my examination of the accounts of Kiddy Winks Pre-School (the charity) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the trustees of the charity 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 charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 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 charity as required by section 130 of the Act; or
2. the accounts do not accord with those records.
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.
Signed _________________________ Date ______________________ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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## DRAFT
## **Kiddy Winks Pre-School Receipts & payments account for the year ended 31 March 2021**
|_2020_
Total
Funds
£
**Note**
**Receipts**
164603
Grants & donations
**2**
19753
Fees
5905
Luncheon club fees
514
Fundraising & sales
40
Insurance contributions
289
Contribution to activities
191104
**Total receipts**
**Payments**
298
Activities, events & trips
17123
Building works
2195
Cleaning & maintenance
2190
Equipment & play materials
1452
Hospitality & gifts
504
Independent examination fee
900
Insurance
1007
Payroll service
1197
Printing & stationery
1863
Professional services
226
Publicity & fundraising
8496
Rent & room hire
1964
Telephone, internet & postage
601
Training
26
Travel
127
Uniforms
29
Volunteer expenses
139097
Wage, NI & pensions
-
Sundry payments
179295
**Total payments**
11809
**Net receipts/(payments)**
68738
Cash funds at start of this period
-
Transfers between funds
80547
**Cash funds at end of this period**|**Unrestricted**
**Funds**
**£**
99821
2481
1942
30
5
174
**104453**
70
-
1767
903
652
516
910
1506
868
2370
29
1770
1692
490
-
-
8
126433
42
**140026**
(35573)
78687
987
**44101**|**Restricted**
**Funds**
**£**
1161
-
-
-
-
-
**1161**
-
-
-
257
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**257**
904
1860
(987)
**1777**|**_2021_**
**Total**
**Funds**
**£**
100982
2481
1942
30
5
174|
|---|---|---|---|
||||**105614**|
||||70
-
1767
1160
652
516
910
1506
868
2370
29
1770
1692
490
-
-
8
126433
42|
||||**140283**|
||||(34669)
80547
-|
||||**45878**|
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## DRAFT
## **Kiddy Winks Pre-School Statement of assets and liabilities at 31 March 2021**
|_2020_
£
**Cash assets**
**Note**
80497
Bank accounts
50
Cash in hand
80547
**Other monetary assets**
672
Prepayments
**4**
1737
Debtors
**5**
2409
**Assets retained for the charity’s own use**
Table and chairs, purchased November 2018, cost £528.
Metal double sided easel, purchased October 2018, cost £504
Gnome home with slide, purchased April 2015, cost £2,227
**Liabilities**
(11899)
Creditors
**6**
(11899)|**_2021_**
**£**
45826
52|
|---|---|
||**45878**|
||598
469|
||**1067**|
||(3930)|
||**(3930)**|
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ Dated ___________ Joanne Flint, Trustee
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## DRAFT
## **Kiddy Winks Pre-School Notes to the accounts for the year ended 31 March 2021**
## **1. Receipts & payments accounts**
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
## **2. Grants & donations**
|Nottingham City Council
HMRC JRS
Sundry grants & donations|**Unrestricted**
**£**
91733
8008
80
**99821**|**Restricted**
**Total**
**£**
**£**
1161
92894
-
8008
-
80
**1161**
**100982**|
|---|---|---|
## **3. Funds analysis**
|**Funds analysis**||||||
|---|---|---|---|---|---|
|**Restricted funds**
EYPP
DAF
**Unrestricted funds**
General|**Opening**
**balance**
**£**
873
987
**1860**
78687
**78687**|**Receipts**
**£**
1161
-
**1161**
104453
**104453**|**(Payments)**
**£**
(257)
-
**(257)**
(140026)
**(140026)**|**Transfers**
**£**
-
(987)
**(987)**
987
**987**|**Closing**
**balance**
**£**
1777
-|
||||||**1777**|
||||||44101|
||||||**44101**|
The EYPP (Early Years Pupil Premium) is extra funds from local government to support learning for low income families of children over the age of 3 years old. Purpose: to provide extra curricular equipment and activities to support learning in areas where the child is under developed.
The transfer from the DAF fund to the General fund relates to activities which have ceased, and the release of any restrictions on the use of these funds.
8
## DRAFT
## **Kiddy Winks Pre-School**
## **4. Prepayments**
|Insurance
Cleaning & maintenance
Hospitality & gifts
Professional services|**£**
202
217
95
84|
|---|---|
||**598**|
## **5. Debtors**
|Fees
Luncheon club fees
**Creditors**
Rent & room hire
Wages, NI & pension
Payroll service
Independent examination fee|**£**
77
392|
|---|---|
||**469**|
||**£**
2124
1272
18
516|
||**3930**|
## **6. Creditors**
## **7. Trustees’ remuneration**
During this period, a salary of £13,195 was paid to one trustee, Joanne Flint, who is employed by the charity as the Finance and Admin Officer.
## **8. Glossary of terms**
**Creditors:** These are amounts owed by the charity, but not paid during the accounting period.
**Debtors:** These are amounts owed to the charity, but not received in the accounting period.
**Prepayments:** These are services that the charity has paid for in advance, but not used during the accounting period.
**Restricted funds:** These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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