2021-08-31-accounts

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Company Number: 07776843 Charity Number: 1144315

Roundabout Pre-School Ltd

Trustees eport and Financial Statements for the Year Ended 31 August 2021

Roundabout Pre-School Ltd

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||| |---|---| |Page| |Charity Information .......................................................................................... 1| |Report of the Trustees ....................................................................................... 2| |Independent Examiner|port .......................................................................... 5| |Statement of Financial Activities ......................................................................... 6| |Balance Sheet .................................................................................................. 7| |Notes to the Financial Statements....................................................................... 8|

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Roundabout Pre-School Ltd

Charity Information

Trustees:

Rebecca Leo Felicity Thompson Hazel Morgan Emily Smith (Chair) Charlotte Walker (Treasurer) Sarah Rayner

(appointed 28 September 2021) (appointed 4 November 2021) (appointed 4 November 2021) (resigned 28 September 2021) (resigned 4 November 2021) (resigned 4 November 2021)

Secretary:

Maren Swift

Management Committee: Emily Smith Charlotte Walker Sarah Rayner Rebecca Leo Felicity Thompson Sara Healy Hazel Morgan Rhian Dimberline Debora Jeronimo Charitha Udalamatta Anna Lamb Dean Brooksbank Claire Stevens Laura Gomersall

(resigned 28 September 2021) (resigned 4 November 2021) (resigned 4 November 2021) (appointed 28 September 2021) (appointed 1 February 2021) (appointed 1 February 2021) (appointed 1 February 2021) (appointed 1 February 2021) (resigned 1 February 2021) (resigned 1 February 2021) (resigned 1 February 2021) (resigned 1 February 2021) (resigned 1 February 2021) (resigned 1 February 2021)

Pre-School leaders:

Adele Laycock (Pre-School Manager) Maren Swift (Office Manager)

Principal and registered office:

The Portacabin Horsforth Newlaithes Primary School Victoria Crescent Horsforth Leeds LS18 5EW

Independent Examiner : Jessica Lawrence Azets Audit Services Limited 33 Park Place Leeds LS1 2RY

Bankers: HSBC 88 Town Street Horsforth Leeds LS18 4AR

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021

The Trustees, who are also Directors for the purposes of company law, are pleased to present their annual report together with the financial statements of the charity for the year ending 31 August 2021.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and the Republic of Ireland (FRS102) (effective 1 January 2019).

Reference and Administrative Details

The Charity Information page forms part of this report.

Structure, Governance and Management

The company was incorporated on 16 September 2011 under the Companies Act 2006. The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

On 29 December 2011 the activities of the unincorporated charity No: 1005984 ceased and the net assets and activities of that charity were transferred to In February 2014 the name of the Charity was changed to Roundabout Pre-School Ltd.

The charitable company Roundabout Pre-School Ltd caters for children under statutory school age from two and a half to five years old and is run in accordance with the model Pre-School Learning Alliance constitution. As an OFSTED registered preschool, it aims to provide quality and affordable learning through play in a caring, friendly and safe environment. Six paid staff are employed to provide daily morning sessions, as well as three afternoon sessions, at the pre-school. The costs of running the pre-school are met by income from fees, grant funding and fundraising by the charitable company.

The Trustees and the management committee meet regularly to oversee the running of the charity and have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Trustees are elected each year, usually at the AGM. All Trustees give their time voluntarily and receive no remuneration or other benefits.

The Trustees consider the Nursery Manager (Adele Laycock), and the Office Manager (Maren Swift) to be the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis.

The pay of nnel are reviewed annually and normally increased in accordance with average earnings. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Objectives and Activities

The aims of the Pre School are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:

(a) Offering a welcoming and stimulating, developmentally appropriate environment for our children and families regardless of race, culture, religion or ability.
(b) To keep up to date with the Early Years Foundation Stage (EYFS), offering child initiated activi s interests as the vehicle for our planning).

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021 (Continued)

Financial Review

The Pre-school's income for the year was £64,233 (2020: £64,597) and expenditure £73,721 (2020: £66,489) resulting in a deficit of £9,488 (2020: £1,892).

Our total funds as at 31st August 2021 stood at £78,127 (2020: £87,615).

Reserves Policy

The management committee have established a policy whereby unrestricted funds not committed or invested in tangible held by the charity should be approximately 6 months of expenditure, which amounts to £36,000.

The current level of free reserves is £77,456 (2020: £86,720) which is well above the target level outlined above. The Trustees consider it prudent to set aside additional reserves. The Trustees will review the reserves policy annually.

Achievements and Performance

Covid-19 Pandemic

We were delighted to be able to re-open Roundabout in September 2020, having closed in the previous March in line with Government rules. We were, however, unable to return initially to our usual venue (The Portacabin at Newlaithes Primary School) and so had made arrangements to use The Scout Hut temporarily. We remained in The Scout Hut for the first half of the Autumn Term, but thankfully were able to return to The Portacabin in November, albeit with a slightly later start time and slightly earlier finish time.

The pandemic created some challenges for us when it came to the numbers of children in attendance as some other settings restricted families from using more than one childcare setting, which meant we often lost their attendance due to our fewer opening hours; some parents opted to delay the start date of their child; and there had been fewer face-to-face marketing opportunities for us in the 2020/21 Academic Year.

line with Government rules, and most children continued to attend Roundabout through this period.

AGM

We welcomed 5 new parents to our AGM, of which 3 joined our Committee. Emily Smith, Charlotte Walker and Sarah Rayner all agreed to stay on in their roles as Chair, Treasurer and Secretary, although Emily did state that she would like to step down in the coming year.

Leavers

Transition sessions, again pandemic, though Staff were able to support children in getting ready for School. 14 children left at the end of summer to start school.

Fundraising

Our general approach is to raise funds ourselves and not to use third parties. We use techniques that are ethical, legal, do not inconvenience the public, and are not detrimental to our good name or standing in the local community. We do not use general solicitation techniques by telephone or door-to-door, and all fundraising activities undertaken follow the Fundraising Regulators Code of Fundraising Practice. We have received no complaints about fundraising during the year.

There were two fundraising events this year. The first was our Christmas Raffle, which is always enjoyed by parents and staff, and the Brick Build was also a success. We had also planned to attend Horsforth Gala in July, but this was cancelled due to the Covid19 pandemic.

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021 (Continued)

Marketing

This is still an area that needs attention; a staff member has been given the responsibility of social media marketing, however ld possibly be improved with the help of a Committee member or parent who is knowledgeable in this area. Horsforth Gala would have been an opportunity to raise our profile in the Community, but as stated previously, this event was cancelled due to the Covid19 pandemic.

Staff changes

Staff remained on the same shifts as at the end of the 2019/20 Academic Year. No staff left Roundabout this year. All staff members have helped out throughout the year by working extra shifts on days when other staff have been unable to attend due to personal reasons, and the workload has generally been shared well through the pandemic when staff have on occasion been required to self-isolate.

Principal Funding Sources

The principal funding source is the income received from fees and the grant from Leeds City Council for Nursery Education Funding.

Plans for the future

Our financial position and budget show that Roundabout should make a small surplus overall when looking at income versus expenditure, this coupled with strong balances in both the Business and Savings accounts means we can continue to develop the Pre-School and its staff.

Trustees and their statutory responsibilities

The Trustees responsible for preparing the Trustee ual Report and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing those financial statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business for the foreseeable future.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Rules

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The financial statements were approved by the Board of Trustees on .. and approved on their behalf by:

Rebecca Leo

Chair of Trustees

Roundabout Pre-School Ltd

Independent Exa Report to the Trustees of Roundabout Pre-School Ltd

I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 August 2021.

Responsibilities and basis of report

of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my exami ts as carried out under section 145 of the ). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

This report, including my statement, has been prepared for and body. My work has been undertaken so that I might state to se matters I am required to state to them in an independent nd for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the char or my examination work, for this report, or for the statements I have made.

In

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:

accounting records were not kept in respect of the Chairtable Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Jessica Lawrence Date 07/02/2022 Azets Audit Servies Limited 33 Park Place Leeds LS1 2RY

Roundabout Pre-School Ltd

Statement of Financial Activities for the Year Ended 31 August 2021 (Incorporating the Income and Expenditure Account)

	Note	2021	2020
		£	£
Income from:
Donations	2	500	786
Charitable activities	3	62,764	63,287
Investment income		7	114
Other Income		962	410
Total income		64,233	64,597
Expenditure on:
Raising funds		-	28
Charitable activities	4	73,721	66,461
Total expenditure		73,721	66,489
Net and movement in funds (expenditure)		(9,488)	(1,892)
Total funds at 31 August 2020	11, 12	87,615	89,507
Total funds at 31 August 2021	11, 12	78,127	87,615

All funds in this and the prior year were unrestricted and relate to continuing operations.

There were no recognised gains and losses for 2021 or 2020 other than those included in the income and expenditure account.

The notes on pages 8 to 14 form part of these financial statements.

The Statements of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Roundabout Pre-School Ltd

Balance Sheet as at 31 August 2021

		2021		2020
	Note	£	£	£	£
Fixed Assets
Tangible assets	8		671		895
Current Assets
Debtors	9	759		3,011
Cash at bank and in hand		78,400		85,262
		79,159		88,273
Creditors
Amounts FallingDue Within One Year	10	(1,703)		(1,553)
Net Current Assets			77,456		86,720
Total Assets Less Current Liabilities			78,127		87,615
Funds
Unrestricted funds	11, 12		78,127		87,615
Total Funds			78,127		87,615

For the financial year ended 31 August 2021 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The Trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year end of its income and expenditure for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The Financial Statements were approved by the Trustees on

and signed on their behalf by:

Rebecca Leo Chair of Trustees

Company number: 07776843 Charity number: 1144315

The notes on pages 8 to 14 form part of these financial statements.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Accounting convention

The financial statements have been prepared on a going concern basis in accordance with 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 (FRS102) (effective 1 January 2019) he Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The financial statements are presented in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets.

Going concern

The Trustees have prepared financial projections, taking into consideration the current economic climate and COVID-19 and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future and have adequate contingency plans if income streams are reduced. Consequently, the financial statements have been prepared on the basis that the charity is a going concern.

Charitable funds

General unrestricted funds - are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activitie receivable.

Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Investment income is included when receivable and the amount can be measured reliably by the charity.

The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Expenditure and irrecoverable VAT

Expenditure, which includes attributable VAT which cannot be recovered, is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.

Governance costs, included in support costs, include those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements and are allocated to charitable activities.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in Note 4.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Operating leases

Rentals applicable to operating leases are charged to the SoFA on a straight line basis over the term of the lease.

Staff costs

The costs of short term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Pension costs

Th schemes. The cost of the contributions is charged to the income and expenditure account in the period to which they relate.

Taxation

Roundabout Pre-School Ltd is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the Charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

Tangible fixed assets and depreciation

Tangible fixed assets costing more than £500 are capitalised and stated at cost less accumulated depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives on the following bases:

Nursery equipment 25% reducing balance Computer and office equipment 25% reducing balance

Assets are reviewed annually for impairment. Where there is an impairment, the difference between the assessed recoverable value of the asset and its written down cost is charged to the Statement of Financial Activities.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital.

Roundabout Pre-School Ltd

Notes to the Financial Statements

for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Financial instruments

The charity has elected to ap and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the est effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised whe discharged or cancelled.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Critical Accounting Estimates and Judgements

In the app Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

After review the Trustees consider that there are no critical estimates and judgements which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements.

2. Donations

	2021	2020
	£	£
Leeds City Council	500	786

3.	Income Frome Charitable Activities	Income Frome Charitable Activities
			2021	2020
			£	£
Leeds City Council		Nursery Education funding	45,991	56,611
Nursery	Fees		16,773	6,676
			62,764	63,287

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

4. Charitable Activities

The charity has one charitable activity which is the provision of Nursery Education

2021 2020 £ £	2021 2020 £ £
Costs directly attributable to charitable activity: Wages and pension costs 60,063 55,957 Rent 5,518 3,912 Milk and refreshments 322 159 Equipment, materials, supplies and other running costs 3,114 1,885 Additional activities 231 96 Training 650 60
69,898 62,069
Support costs: Insurance and subscriptions 931 824 Administrative costs 1,452 1,952 Payroll costs 376 478 Depreciation 224 298 Independent examination 840 840
3,823 4,392
Total 73,721 66,461
	5. Net Income for the Year This is stated after charging 2021 2020 £ £
	Independent 840 840
	6. Employee Information The average number of employees was 6 (2020:6). Staff costs during the period as follows: 2021 2020 £ £
	Wages and salaries 59,161 55,138 Pension Costs 902 819
	60,063 55,957

During the year the charity made contributions to a defined contribution pension scheme with The for the benefit of its employees. Pension contributions of £174 were unpaid at 31 August 2021 (2020: £171).

No employee received emoluments of more than £60,000 in the current or prior year.

The charity considers its key management personnel to be the Pre-school leaders listed on page 2. The total remuneration paid to its key management personnel in the year including employer pension contributions was £27,039 (2020: £25,569).

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

7. Trustee Information

No Trustee received remuneration or any other benefits for their services during current or prior year.

No Trustees received any reimbursed expenses during current or prior year.

8. Tangible Fixed Assets

			Nursery	Computer and	Total
			Equipment	Office
				Equipment
			£	£	£
Cost:
At 1 September 2020			2,765	2,218	4,983
At 31	August 2021		2,765	2,218	4,983
Depreciation:
At 1 September 2020			2,398	1,690	4,088
Charge for the year			92	132	224
At 31	August 2021			1,822	4,312
Net Book Value
At 31	August 2021		275	396	671
At 31	August 2020		367	528	895
9.	Debtors
				2021	2020
				£	£
Fees owed				150	300
Other	debtors and prepayments			609	2,711
				759	3,011
10.	Creditors	Amounts Falling Due Within One Year
				2021	2020
				£	£
Tax and social security				489	442
Other	creditors and	accruals		1,214	1,111
				1,703	1,553

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

11. Analysis of Charitable Funds

	Balance at	Income	Expenditure	Balance at
Year ended 31 August 2021	1 September			31 August
	2020			2021
	£	£	£	£
Unrestricted funds	87,615	64,233	(73,721)	78,127
Total funds	87,615	64,233	(73,721)	78,127
	Balance at	Income	Expenditure	Balance at
Year ended 31 August 2020	1 September			31 August
	2019			2020
	£	£	£	£
Unrestricted funds	89,507	64,597	(66,489)	87,615
Total funds	89,507	64,597	(66,489)	87,615

12. Analysis of Net Assets by Fund

Year ended 31 August 2021	Tangible	Net current	Total
	fixed assets	assets
	£	£	£
Unrestricted funds	671	77,456	78,127
Year ended 31 August 2020	Tangible	Net current	Total
	fixed assets	assets
	£	£	£
Unrestricted funds	895	86,720	87,615

13. Operating lease commitments

At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

		Land and buildings	Land and buildings
Due:		2021	2020
		£	£
Less than one year		-	4,241
14.	Related party transactions

There were no disclosable related party transactions during either this or the previous year.

JAL//ROU002/ID2324691

The Board of Trustees Roundabout Pre-School Ltd The Portacabin Horsforth Newlaithes Primary School Victoria Crescent Leeds LS18 4PT

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent financial statements for the year ended 31 August 2021. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

You acknowledge that the work performed by ourselves is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that we do not express an audit opinion.
You confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
You confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 August 2021 audited. You also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
You have fulfilled your responsibilities as directors / trustees as set out in the terms of your engagement letter dated 18 January 2022, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
You confirm that all the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.
You confirm that all the accounting records have been made available to you for the purpose of your independent examination. You have provided us with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
7 You confirm that the financial statements are free of material misstatements, including omissions.
You confirm that the effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total.

Assets and liabilities

You confirm that the charitable company has satisfactory title to all assets and there are no liens or financial statements.
You confirm that all actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
You have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

Loans and arrangements

The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.

Legal claims

You have disclosed to us all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.

Laws and regulations

You have disclosed to us all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. You have disclosed to us all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

18 You believe that the epared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the financial st continue as a going concern need to be made in the financial statements.

Grants and donations

19 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to us. There have been no breaches of terms or conditions in the application of such income.

Financial Statements

You confirm that we have agreed with you that there are no adjusted misstatement.
You confirm that there are no unadjusted.

Yours faithfully

Azets Audit Services Limited

We confirm that the above representations are made on the basis of enquiries of trustees, management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the above representations to you.

We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the trustees during the course of the independent examination.

................................................... Trustee

................................................... Trustee ...................................................

Date

Company Number: 07776843 Charity Number: 1144315

Roundabout Pre-School Ltd

Trustees’ Report and Financial Statements for the Year Ended 31 August 2021

Roundabout Pre-School Ltd

Page Charity Information .......................................................................................... 1 Report of the Trustees ....................................................................................... 2 Independent Examiner’s Report .......................................................................... 5 Statement of Financial Activities ......................................................................... 6 Balance Sheet .................................................................................................. 7 Notes to the Financial Statements ....................................................................... 8

Roundabout Pre-School Ltd

Charity Information

Trustees:

Rebecca Leo Felicity Thompson Hazel Morgan Emily Smith (Chair) Charlotte Walker (Treasurer) Sarah Rayner

(appointed 28 September 2021) (appointed 4 November 2021) (appointed 4 November 2021) (resigned 28 September 2021) (resigned 4 November 2021) (resigned 4 November 2021)

Secretary: Maren Swift

Pre-School leaders:

Adele Laycock (Pre-School Manager) Maren Swift (Office Manager)

Principal and registered office:

The Portacabin Horsforth Newlaithes Primary School Victoria Crescent Horsforth Leeds LS18 5EW

Independent Examiner : Jessica Lawrence Azets Audit Services Limited 33 Park Place Leeds LS1 2RY

Bankers: HSBC 88 Town Street Horsforth Leeds LS18 4AR

Roundabout Pre-School Ltd

Trustees’ Report for the Year Ended 31 August 2021

Reference and Administrative Details

The Charity Information page forms part of this report.

Structure, Governance and Management

On 29 December 2011 the activities of the unincorporated charity ‘Roundabout Playgroup’ charity No: 1005984 ceased and the net assets and activities of that charity were transferred to ‘Roundabout Playgroup’. In February 2014 the name of the Charity was changed to Roundabout Pre-School Ltd.

The pay of the charity’s key personnel are reviewed annually and normally increased in accordance with average earnings. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Objectives and Activities

(a) Offering a welcoming and stimulating, developmentally appropriate environment for our children and families regardless of race, culture, religion or ability.
(b) To keep up to date with the Early Years Foundation Stage (EYFS), offering child initiated activities (using children’s interests as the vehicle for our planning).

Roundabout Pre-School Ltd

Trustees’ Report for the Year Ended 31 August 2021 (Continued)

Financial Review

The Pre-school's income for the year was £64,233 (2020: £64,597) and expenditure £73,721 (2020: £66,489) resulting in a deficit of £9,488 (2020: £1,892).

Our total funds as at 31st August 2021 stood at £78,127 (2020: £87,615).

Reserves Policy

The management committee have established a policy whereby unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be approximately 6 months of expenditure, which amounts to £36,000.

Achievements and Performance

Covid-19 Pandemic

The country went into “lockdown” again in January but we were able to remain open in line with Government rules, and most children continued to attend Roundabout through this period.

AGM

Leavers

Transition sessions, again, either didn’t take place or were different to normal due to the Covid19 pandemic, though Staff were able to support children in getting ready for School. 14 children left at the end of summer to start school.

Fundraising

Roundabout Pre-School Ltd

Trustees’ Report for the Year Ended 31 August 2021 (Continued)

Marketing

This is still an area that needs attention; a staff member has been given the responsibility of social media marketing, however our “visibility” could possibly be improved with the help of a Committee member or parent who is knowledgeable in this area. Horsforth Gala would have been an opportunity to raise our profile in the Community, but as stated previously, this event was cancelled due to the Covid19 pandemic.

Staff changes

Principal Funding Sources

The principal funding source is the income received from fees and the grant from Leeds City Council for Nursery Education Funding.

Plans for the future

Trustees and their statutory responsibilities

The Trustees responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).

Select suitable accounting policies and apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business for the foreseeable future.

Small Company Rules

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The financial statements were approved by the Board of Trustees on 01/02/ 2022 and approved on their behalf by:

Rebecca Leo

Chair of Trustees

Roundabout Pre-School Ltd

Independent Examiner’s Report to the Trustees of Roundabout Pre-School Ltd

I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.

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:

accounting records were not kept in respect of the Chairtable Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Jessica Lawrence Azets Audit Servies Limited 33 Park Place Leeds LS1 2RY

Date 07/02/22

Roundabout Pre-School Ltd

Statement of Financial Activities for the Year Ended 31 August 2021 (Incorporating the Income and Expenditure Account)

	Note	2021	2020
		£	£
Income from:
Donations	2	500	786
Charitable activities	3	62,764	63,287
Investment income		7	114
Other Income		962	410
Total income		64,233	64,597
Expenditure on:
Raising funds		-	28
Charitable activities	4	73,721	66,461
Total expenditure		73,721	66,489
Net and movement in funds (expenditure)		(9,488)	(1,892)
Total funds at 31 August 2020	11, 12	87,615	89,507
Total funds at 31 August 2021	11, 12	78,127	87,615

All funds in this and the prior year were unrestricted and relate to continuing operations.

There were no recognised gains and losses for 2021 or 2020 other than those included in the income and expenditure account.

The notes on pages 8 to 14 form part of these financial statements.

The Statements of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Roundabout Pre-School Ltd

Balance Sheet as at 31 August 2021

		2021		2020
	Note	£	£	£	£
Fixed Assets
Tangible assets	8		671		895
Current Assets
Debtors	9	759		3,011
Cash at bank and in hand		78,400		85,262
		79,159		88,273
Creditors
Amounts FallingDue Within One Year	10	(1,703)		(1,553)
Net Current Assets			77,456		86,720
Total Assets Less Current Liabilities			78,127		87,615
Funds
Unrestricted funds	11, 12		78,127		87,615
Total Funds			78,127		87,615

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The Financial Statements were approved by the Trustees on 01/02/2022 and signed on their behalf by:

Rebecca Leo Chair of Trustees

Company number: 07776843 Charity number: 1144315

The notes on pages 8 to 14 form part of these financial statements.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Accounting convention

The financial statements have been prepared on a going concern basis in accordance with 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 (FRS102) (effective 1 January 2019) (“Charities SORP (FRS102)”), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The financial statements are presented in Sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets.

Going concern

Charitable funds

General unrestricted funds - are donations and other income receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Income

Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities (“SoFA”) when receivable.

Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Investment income is included when receivable and the amount can be measured reliably by the charity.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Expenditure and irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Operating leases

Rentals applicable to operating leases are charged to the SoFA on a straight line basis over the term of the lease.

Staff costs

The costs of short term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Pension costs

The charity contributes to individual employees’ defined contribution schemes. The cost of the contributions is charged to the income and expenditure account in the period to which they relate.

Taxation

Tangible fixed assets and depreciation

Tangible fixed assets costing more than £500 are capitalised and stated at cost less accumulated depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives on the following bases:

Nursery equipment 25% reducing balance Computer and office equipment 25% reducing balance

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital.

Roundabout Pre-School Ltd

Notes to the Financial Statements

for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Impairment of financial assets

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Basic financial liabilities

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Critical Accounting Estimates and Judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

2. Donations

	2021	2020
	£	£
Leeds City Council	500	786

3.	Income Frome Charitable Activities
		2021	2020
		£	£
Leeds City Council – Nursery Education funding		45,991	56,611
Nursery	Fees	16,773	6,676
		62,764	63,287

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

4. Charitable Activities

The charity has one charitable activity which is the provision of Nursery Education

	2021	2020
	£	£
Costs directly attributable to charitable activity:
Wages and pension costs	60,063	55,957
Rent	5,518	3,912
Milk and refreshments	322	159
Equipment, materials, supplies and other running costs	3,114	1,885
Additional activities	231	96
Training	650	60
	69,898	62,069
Support costs:
Insurance and subscriptions	931	824
Administrative costs	1,452	1,952
Payroll costs	376	478
Depreciation	224	298
Independent examination	840	840
	3,823	4,392
Total	73,721	66,461
5. Net Income for the Year
This is stated after charging	2021	2020
	£	£
Independent examiner’s fee	840	840

6. Employee Information

The average number of employees was 6 (2020:6).

Staff costs during the period as follows:	2021	2020
	£	£
Wages and salaries	59,161	55,138
Pension Costs	902	819
	60,063	55,957

During the year the charity made contributions to a defined contribution pension scheme with The Peoples’ Pension for the benefit of its employees. Pension contributions of £174 were unpaid at 31 August 2021 (2020: £171).

No employee received emoluments of more than £60,000 in the current or prior year.

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

7. Trustee Information

No Trustee received remuneration or any other benefits for their services during current or prior year.

No Trustees received any reimbursed expenses during current or prior year.

8. Tangible Fixed Assets

		Nursery	Computer and	Total
		Equipment	Office
			Equipment
		£	£	£
Cost:
At 1 September 2020		2,765	2,218	4,983
At 31	August 2021	2,765	2,218	4,983
Depreciation:
At 1 September 2020		2,398	1,690	4,088
Charge for the year		92	132	224
At 31	August 2021		1,822	4,312
Net Book Value
At 31	August 2021	275	396	671
At 31	August 2020	367	528	895
9.	Debtors
			2021	2020
			£	£
Fees owed			150	300
Other	debtors and prepayments		609	2,711
			759	3,011
10.	Creditors – Amounts Falling Due Within One Year
			2021	2020
			£	£
Tax and social security			489	442
Other	creditors and accruals		1,214	1,111
			1,703	1,553

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

11. Analysis of Charitable Funds

	Balance at	Income	Expenditure	Balance at
Year ended 31 August 2021	1 September			31 August
	2020			2021
	£	£	£	£
Unrestricted funds	87,615	64,233	(73,721)	78,127
Total funds	87,615	64,233	(73,721)	78,127
	Balance at	Income	Expenditure	Balance at
Year ended 31 August 2020	1 September			31 August
	2019			2020
	£	£	£	£
Unrestricted funds	89,507	64,597	(66,489)	87,615
Total funds	89,507	64,597	(66,489)	87,615

12. Analysis of Net Assets by Fund

Year ended 31 August 2021	Tangible	Net current	Total
	fixed assets	assets
	£	£	£
Unrestricted funds	671	77,456	78,127
Year ended 31 August 2020	Tangible	Net current	Total
	fixed assets	assets
	£	£	£
Unrestricted funds	895	86,720	87,615

13. Operating lease commitments

At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

	Land and buildings	Land and buildings
Due:	2021	2020
	£	£
Less than one year	-	4,241

14. Related party transactions

There were no disclosable related party transactions during either this or the previous year.

Roundabout Pre-School Ltd

Roundabout Pre-School Ltd

Contents

Charity Information

Pre-School leaders:

Principal and registered office:

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021

Reference and Administrative Details

Structure, Governance and Management

Objectives and Activities

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021 (Continued)

Financial Review

Reserves Policy

Achievements and Performance

Covid-19 Pandemic

AGM

Leavers

Fundraising

Roundabout Pre-School Ltd

Trustees eport for the Year Ended 31 August 2021 (Continued)

Marketing

Staff changes

Principal Funding Sources

Plans for the future

Trustees and their statutory responsibilities

Small Company Rules

Roundabout Pre-School Ltd

Independent Exa Report to the Trustees of Roundabout Pre-School Ltd

Responsibilities and basis of report

In

Roundabout Pre-School Ltd

Statement of Financial Activities for the Year Ended 31 August 2021 (Incorporating the Income and Expenditure Account)

Roundabout Pre-School Ltd

Balance Sheet as at 31 August 2021

Company number: 07776843 Charity number: 1144315

Notes to the Financial Statements for the Year Ended 31 August 2021

1. Accounting Policies

Company information

Accounting convention

Going concern

Charitable funds

Income

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Expenditure and irrecoverable VAT

Operating leases

Staff costs

Pension costs

Taxation

Tangible fixed assets and depreciation

Cash at bank and in hand

Notes to the Financial Statements

for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Financial instruments

Basic financial assets

Impairment of financial assets

Derecognition of financial assets

Basic financial liabilities

Derecognition of financial liabilities

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

1. Accounting Policies (continued)

Critical Accounting Estimates and Judgements

2. Donations

Roundabout Pre-School Ltd

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

4. Charitable Activities

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

7. Trustee Information

8. Tangible Fixed Assets

Notes to the Financial Statements for the Year Ended 31 August 2021 (Continued)

11. Analysis of Charitable Funds

12. Analysis of Net Assets by Fund

13. Operating lease commitments

General