## **Kiddy Winks Pre-School** (Registered charity, number 1143981) **Financial statements for the year ended 31 March 2022**
|**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|
## **Kiddy Winks Pre-School Trustees’ annual report for the year ended 31 March 2022**
**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, Chairperson Joanne Flint Jackie Fukes, from 25.7.22
## **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, but it has been difficult to recruit new parents as we had little uptake of new starters.
## **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.
## **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**
## **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 achievements during the period**
The last year has been one of many challenges, to which we have had to make changes and adapt in order to meet such circumstances. We were pleased to see Covid restrictions ease from September 2021. However, on returning following the pandemic, numbers were significantly lower than we hoped for which had an impact on finances. We believe this to be the result of Covid and low birth rates in the city. The decision was made not to open the upstairs part of the nursery for the whole of the Autumn 2021 term and Spring 2022 term to reduce outgoings and a difficult decision was made for staff to go on short time working from October to February. Staff redundancies took place in November and we looked at different ways we were able to reduce the costs of running the setting. The Cooleraid water fountain and nappy bin service were cancelled and the phone and broadband supplier was changed to in order to be more cost-effective. The intake of children began to increase during the Spring term.
## **The charity’s policy on reserves**
Unfortunately due to making redundancies and our low income we have used the majority of our reserves. We are hopeful that 2022-2023 financial year will put us in a better place and we can start to build this back up again.
## **Financial review**
We ran at a loss this financial year, but it was quite understandable and expected that this would happen due to the knock on effect of the pandemic. We have not been able to fill all spaces in the nursery, we believe this is due to the after effects of the pandemic, a new nursery opening within the local area and also a drop in birth rates. We were unable to use the upstairs nusery due to a lack of children attending during the Autumn and Spring term. Unfortunately we had to offer out redundancies to our chilcare practitioners as we were unable to cover costs due to a lack of income. It has been an extremely difficult 2 years. We looked for funding and grants to help sustain us but unfortuanelty we were not eligible for them.
We hope that next financial year will be will be a better one, once parents are more confident sending their children to nursery, and we will have the children beginning to filter through who were born during the pandemic.
We have increased the price of fees for paying children. We will be looking at increasing our funded children from April 2022 as we do have a 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. It is also our 30[th] Birthday in October so we will be planning something special for that. 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 we have received.
Signed on behalf of the charity’s trustees:
Signed _____________________________________________ Date __________ Sarah Jayne Brooks, Trustee
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## **Independent examiner’s report to the trustees of Kiddy Winks Pre-School for the year ended 31 March 2022**
I report to the trustees on my examination of the accounts of Kiddy Winks Pre-School (the charity) for the year ended 31 March 2022.
## **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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## **Kiddy Winks Pre-School Receipts & payments account for the year ended 31 March 2022**
|_2021_
Total
**Unrestricted**
Funds
**Funds**
£
**Note**
**£**
**Receipts**
100982
Grants & donations
**2**
101561
2481
Fees
10377
1942
Luncheon club fees
4198
30
Fundraising & sales
12
5
Insurance contributions
-
174
Contribution to activities
184
105614
**Total receipts**
**116332**
**Payments**
70
Activities, events & trips
74
1767
Cleaning & maintenance
1166
1160
Equipment & play materials
158
652
Hospitality & gifts
1000
516
Independent examination fee
516
910
Insurance
924
1506
Payroll service
1302
868
Printing & stationery
77
2370
Professional services
5655
29
Publicity & fundraising
32
1770
Rent & room hire
4335
1692
Telephone, internet & postage
1644
490
Training
615
-
Travel
10
8
Volunteer expenses
-
126433
Wages, NI & pension
125456
42
Sundry payments
-
140283
**Total payments**
**142964**
(34669)
**Net receipts/(payments)**
(26632)
80547
Cash funds at start of this period
44100
45878
**Cash funds at end of this period**
**17468**|**Restricted**
**Funds**
**£**
1967
-
-
-
-
-
**1967**
-
-
640
-
-
-
-
325
-
-
-
-
15
-
-
-
-
**980**
987
1778
**2765**|**_2022_**
**Total**
**Funds**
**£**
103528
10377
4198
12
-
184|
|---|---|---|
|||**118299**|
|||74
1166
798
1000
516
924
1302
402
5655
32
4335
1644
630
10
-
125456
-|
|||**143944**|
|||(25645)
45878|
|||**20233**|
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## **Kiddy Winks Pre-School Statement of assets and liabilities at 31 March 2022**
|_2021_|||**_2022_**|
|---|---|---|---|
|£|**Cash assets**|**Note**|**£**|
|45826|Bank accounts||20206|
|52|Cash in hand||27|
|45878|||**20233**|
||**Other monetary assets**|||
|598|Prepayments|**4**|292|
|469|Debtors - Fees||2513|
|1067|||**2805**|
||**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.|
||**Liabilities**|||
|(3930)|Creditors|**5**|(6217)|
|(3930)|||**(6217)**|
These financial statements are accepted on behalf of the charity by:
Signed ___________________________________ Dated ___________ Joanne Flint, Trustee
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## **Kiddy Winks Pre-School Notes to the accounts for the year ended 31 March 2022**
## **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
Sundry donations
**3. Funds analysis**
**Restricted funds**
EYPP
**Unrestricted funds**
General|**Unrestricted**
**£**
101551
10
**101561**
**Opening**
**Receipts**
**balance**
**£**
**£**
1778
1967
**1778**
**1967**
44100
116332
**44100**
**116332**|**Restricted**
**£**
1967
-
**1967**
**(Payments)**
**£**
(980)
**(980)**
(142964)
**(142964)**|**Total**
**£**
103518
10|
|---|---|---|---|
||||**103528**|
||||**Closing**
**balance**
**£**
2765
**2765**
17468
**17468**|
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/acticities to support learning in areas where the child is under developed.
## **4. Prepayments**
|Insurance
Professional services|**£**
205
87|
|---|---|
||**292**|
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## **Kiddy Winks Pre-School**
## **5. Creditors**
|Rent & room hire
Wages, NI & pension
Independent examination fee
Payroll service|**£**
3733
1939
528
17|
|---|---|
||**6217**|
## **6. Trustees’ remuneration**
During this period, a salary of £13,550 was paid to one trustee, Joanne Flint, who is employed by the charity as the Finance and Admin.
## **7. 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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