**REGISTERED COMPANY NUMBER: 07407682 (England and Wales) REGISTERED CHARITY NUMBER: 1144690** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021** ## **FOR** ## **GROVE PRE-SCHOOL (STANWAY)** Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS **GROVE PRE-SCHOOL (STANWAY)** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 August 2021** ||**Page**| |---|---| |**Report of the Trustees**|1| |**Independent Examiner's Report**|2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4 to 5| |**Notes to the Financial Statements**|6 to 11| |**Detailed Statement of Financial Activities**|12| **GROVE PRE-SCHOOL (STANWAY)** ## **REPORT OF THE TRUSTEES for the Year Ended 31 August 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07407682 (England and Wales) ## **Registered Charity number** 1144690 ## **Registered office** Scout Hut Villa Road Stanway Colchester Essex CO3 0RN ## **Trustees** Mrs S Baxter (resigned 16.11.20) Ms A Lewis (resigned 14.10.21) Ms G Manser (resigned 16.11.20) Ms C Raynor Ms H P Rowland (resigned 23.4.21) J Edwards (appointed 14.10.21) S L Smith (appointed 14.10.21) Z J Horner (appointed 14.10.21) R J Shotton (appointed 16.11.20) A Folkerd (appointed 16.11.20) ## **Company Secretary** Ms A Lewis ## **Independent Examiner** Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS Approved by order of the board of trustees on 12 November 2021 and signed on its behalf by: _C Raynor_ ..…………………….. Ms C Raynor - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GROVE PRE-SCHOOL (STANWAY)** ## **Independent examiner's report to the trustees of Grove Pre-School (Stanway) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021. ## **Responsibilities and basis of report** As the charity's trustees of the 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 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. ## **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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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. _M L Lewis_ …………………………………….. MARTYN LEWIS B.A. F.C.A. A.T.I.I. Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS 25 November 2021 Page 2 ## **GROVE PRE-SCHOOL (STANWAY)** ## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 August 2021** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Pre-school
**103,754**
Other trading activities
2
**487**
Investment income
3
**6**
**Total**
**104,247**
**EXPENDITURE ON**
**Charitable activities**
Pre-school
**100,394**
**NET INCOME**
**3,853**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**70,435**
**TOTAL FUNDS CARRIED FORWARD**
**74,288**|Restricted
fund
£
**1,310**
**-**
**-**
**1,310**
**1,310**
**-**
**-**
**-**|**2021**
**Total**
**funds**
**£**
**105,064**
**487**
**6**
**105,557**
**101,704**
**3,853**
**70,435**
**74,288**|2020
Total
funds
_£_
118,688
1,193
78
119,959
105,645
14,314
56,121
70,435| |---|---|---|---| The notes form part of these financial statements Page 3 ## **GROVE PRE-SCHOOL (STANWAY)** ## **BALANCE SHEET 31 August 2021** |Unrestricted
Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
8
**85**
**-**
**CURRENT ASSETS**
Debtors
9
**2**
**-**
Cash at bank and in hand
**80,651 **
**-**
**80,653**
**-**
**CREDITORS**
Amounts falling due within one year
10
**(360)**
**-**
**NET CURRENT ASSETS**
**80,293**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**80,378**
**-**
**ACCRUALS AND DEFERRED INCOME**
11
**(6,090)**
**-**
**NET ASSETS**
**74,288**
**-**
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
**85**
**2**
**80,651 **
**80,653**
**(360)**
**80,293**
**80,378**
**(6,090)**
**74,288**
**74,288**
**74,288**|_2020_
_Total_
_funds_
_£_
_114_
_2_
_84,699_
_84,701_
_(360)_
_84,341_
_84,455_
_(14,020)_
_70,435_
70,435
70,435| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 4 ## **GROVE PRE-SCHOOL (STANWAY)** ## **BALANCE SHEET - continued 31 August 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 12 November 2021 and were signed on its behalf by: ## _C Raynor_ ……………………. C Raynor - Trustee ## _R J Shotton_ …………………….. R J Shotton - Trustee The notes form part of these financial statements Page 5 **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 August 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 25% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Fundraising events & donations|**487 **|_1,193_| Page 6 continued... **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021** ## **3. INVESTMENT INCOME** |||**2021**|_2020_| |---|---|---|---| |||**£**|_£_| ||Deposit account interest|**6**|_78_| |**4.**|**NET INCOME/(EXPENDITURE)**||| ||Net income/(expenditure) is stated after charging/(crediting):||| |||**2021**|_2020_| |||**£**|_£_| ||Depreciation - owned assets|**29**|_38_| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: |staff
No employees received emoluments in excess of £60,000.
**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Pre-school
117,452
Other trading activities
1,193
Investment income
78
**Total**
118,723
**EXPENDITURE ON**
**Charitable activities**
Pre-school
104,409
**NET INCOME**
14,314|**2021**
**9**
Restricted
fund
£
1,236
-
-
1,236
1,236
-|_2020_
_10_
Total
funds
_£_
118,688
1,193
78
119,959
105,645
14,314| |---|---|---| continued... Page 7 ## **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021** |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---| |||Unrestricted|Restricted|
Total| |||fund|fund|funds| |||£|£|_£_| ||**RECONCILIATION OF FUNDS**|||| ||**Total funds brought forward**|56,121|-|56,121| ||**TOTAL FUNDS CARRIED FORWARD**|70,435|-|70,435| |**8.**|**TANGIBLE FIXED ASSETS**|||| |||||Computer| |||||equipment| |||||£| ||**COST**|||| ||At 1 September 2020 and 31 August 2021|||**270**| ||**DEPRECIATION**|||| ||At 1 September 2020|||**156**| ||Charge for year|||**29**| ||At 31 August 2021|||**185**| ||**NET BOOK VALUE**|||| ||At 31 August 2021|||**85**| ||At 31 August 2020|||_114_| |**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**2021**|_2020_| ||||**£**|_£_| ||Tax||**2**|_2_| |**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||**2021**|_2020_| ||||**£**|_£_| ||Accrued expenses||**360**|_360_| continued... Page 8 **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021** ## **11. ACCRUALS AND DEFERRED INCOME** |Accruals and deferred income
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Crisis Inclusion Grant
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.20
£
**70,435**
**70,435**
Incoming
resources
£
**104,247**
**1,310**
**105,557 **
At 1.9.19
£
56,121
56,121|**2021**
_2020_
**£**
_£_
**6,090**
_14,020_
Net
movement
At
in funds
31.8.21
£
£
**3,853**
**74,288**
**3,853**
**74,288**
Resources
Movement
expended
in funds
£
£
**(100,394)**
**3,853**
**(1,310)**
**-**
**(101,704)**
**3,853**
Net
movement
At
in funds
31.8.20
£
£
14,314
70,435
14,314
70,435| |---|---|---| continued... Page 9 **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Crisis Inclusion Grant
**TOTAL FUNDS**|Incoming
resources
£
118,723
1,236
119,959|Resources
Movement
expended
in funds
£
£
(104,409)
14,314
(1,236)
-
(105,645)
14,314| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.9.19|in funds|31.8.21| ||£|£|£| |**Unrestricted funds**|||| |General fund|56,121|18,167|74,288| |**TOTAL FUNDS**|56,121|18,167|74,288| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Crisis Inclusion Grant
**TOTAL FUNDS**|Incoming
resources
£
222,970
2,546
225,516|Resources
Movement
expended
in funds
£
£
(204,803)
18,167
(2,546)
-
(207,349)
18,167| |---|---|---| continued... Page 10 **GROVE PRE-SCHOOL (STANWAY)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021** ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2021. Page 11 ## **GROVE PRE-SCHOOL (STANWAY)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 August 2021** |**INCOME AND ENDOWMENTS**
**Other trading activities**
Fundraising events & donations
**Investment income**
Deposit account interest
**Charitable activities**
Fees
Lunch club
ECC Funding
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Rent
Insurance
Post, stationery & office
Sundries
Purchases
Repairs & renewals
Training
T-shirts
Food & refreshments
Accountancy
Computer equipment
Total resources expended
**Net income**|2021
£
**487**
**6**
**14,267**
**-**
**90,797 **
**105,064 **
**105,557**
**83,418**
**8,600**
**788**
**2,854**
**1,389**
**2,718**
**242**
**650**
**562**
**71**
**384**
**28**
**101,704 **
**101,704 **
**3,853**|2020
_£_
1,193
78
10,360
1,863
106,465
118,688
119,959
89,708
6,475
787
2,171
1,203
2,611
579
879
608
208
378
38
105,645
105,645
14,314| |---|---|---| This page does not form part of the statutory financial statements Page 12