Trustees Report for year ending October 23
This year has been another challenging year for us due to financial pressures. The bank ( Barclays) closed our account on the 10[th] October 2023 which was a shock. It took us over a month to find a new one. Even though we had a problem with the bank this financial year we were able to have a slight surplus in the account. We celebrated the kings cononation and had a great party and there were many other celebrations of children’s and adults birthdays. We hope that the coming year will be as good.
Registered number **07822393**
## Parkview Lodge Pre-School
Report and Accounts
31 October 2023
## Parkview Lodge Pre-School
## **Directors Report**
The directors present their report and accounts for the year ended 31 October 2023
## **Principal activities**
The company's principal activity is to provide childcare to 2 and 3 year olds
The directors are aware of the Charity Commision's guidance on public benefit and how it affects the activites it undertakes.
## **Directors**
The directors who served through the year and their interests in
GALINA HRISTOVA KONOVA LORRAINE ALLOWAY CAROLE ANN LEWIS ALYSON CAROLINE SANDERSON
## **Political and charitable donations**
During the year, the company made no charitable contributions. However the company is a registered charity
## **Directors Responsabilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing those accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors are also responsible for ensuring that the requirements of the Charity Commissioners are complied with.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to the small companies regime
This report was approved by the board on 14 May 2024
CAROLE ANN LEWIS Director
1
## **Independent Examiner's report to the Trustees of Parkview Lodge Preschool**
I report on the accounts of Parkview Lodge Preschool for the year ended 31st October 2023. Respective responsibilities of Trustees and Examiners The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Part 16 of the Companies Act 2006 and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 145 of the Charities Act 2011); - to follow the procedures laid down in the General Directions of the Charity Commission(under section given by the Charity Commissioners under section 145 (5) (b) of the Act and - to state whether particular matters have come to my attention.
## **Basis of independent examiners' report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts. Independent examiners' statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any material respect, the requirements: (a) to keep accounting records in accordance with section 386 of the Companies Act 2006; and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 and the Statement of Recommend Practice: Accounting and Reporting by Charities have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Miss Sally J Wainwright ACMA Chartered Management Accountant Independent Examiner 14th May 2024**
**Parkview Lodge Pre-School Balance Sheet as at 31 October 2023**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
2
**Net current assets**
**Total assets less current**
**liabilities**
**Capital and reserves**
Surplus
4
**Funds**|47,411
47,411
(6,654)|**2023**
**£**
673
40,757
41,430
41,430
41,430
41,430|**2022**
**£**
260
41,594
41,594
(1,883)
39,711
39,971
39,971
39,971
39,971|
|---|---|---|---|
a) For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to small companies regime b) The members have not required the company to obtain an audit of in accordance with the section 476 of the Companies Act 2006
c) The directors acknowledge their responsibility for: (i) ensuring the company keeps accounting records which comply with section 386; and
(ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Section 393, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company.
d) The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
CAROLE ANN LEWIS Director Approved by the board on 14 May 2024
3
## **Parkview Lodge Pre-School Profit and Loss Account for the year ended 31 October 2023**
|**Notes**
**Turnover**
Cost of sales
**Gross Profit**
Distribution expenses
Administrative expenses
**Operating Profit/Loss**
Interest receivable
Interest payable
**Surplus/Deficit for the year ending 31 October 22/23**
**Retained Surplus/Deficit carried forward**|**2023**
**£**
105,437
(19,170)
86,267
(84,829)
1,438
21
1,459
1,459|**2022**
**£**
104,167
(47,931)
56,236
(61,073)
(4,837)
20
(4,817)
(4,817)|
|---|---|---|
4
## **Parkview Lodge Pre-School Notes to the Accounts for the year ended 31 October 2023**
## **1 Accounting policies**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
## **i)** _**Turnover**_
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
|**2**
**Creditors: amounts falling due within one year**
Tax and Social Security
Directors Loan Account
Accruals|**2023**
**£**
-
6,194
460
6,654|**2022**
**£**
1,423
460
1,883|
|---|---|---|
5
## **Parkview Lodge Pre-School Notes to the Accounts for the year ended 31 October 2023**
|**3**
**Surplus Reserves**
At 1 November 2022:
Reserve Movements
At 31 October 2023:|**2023**
**£**
39,971
1,459
41,430|**2022**
**£**
44,788
(4,817)
39,971|
|---|---|---|
## **4 Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment - 20% reducing balance
|**Cost**
At 1 November 2022
Additions
At 31 October 2023
**Depreciation**
At 1 November 2022
Charge for year
At 31 October 2023
**Net book value**
At 1 November 2022
At 31 October 2023|**Equipment**
**£**
649
638
1,287
389
225
614
260
673|**Total**
**£**
649
638
1,287
389
225
614
260
673|
|---|---|---|
6
## **Parkview Lodge Pre-School Profit and Loss Account for the year ended 31 October 2023**
_for the information of the directors only_
|**Sales**
Cost of sales
**Gross Profit**
Distribution costs
Administrative expenses
Other operating income
**Operating Profit/Loss**
Interest receivable
Interest payable
**Surplus/ Deficit**|**2023**
**£**
105,437
(19,170)
86,267
-
(84,829)
-
1,438
21
1,459|**2022**
**£**
104,167
(47,931)
56,236
-
(61,073)
-
(4,837)
20
(4,817)|
|---|---|---|
7
## **Parkview Lodge Pre-School Schedule to the Profit and Loss Account for the year ended 31 October 2023**
_for the information of the directors only_
|**Sales: Fees**
Funding
Donations
Amazon Income
Fundraising
**Cost of sales**
Purchases
DBS
Staff Salaries
**Administrative expenses**
Directors Salaries
Premises Expenses
Training
Software
Insurance
Printing, Postage and Stationery
Telephone
Travel and mileage
Cleaning
Accountancy
Professional Fees
Entertainment
Refreshments
Pensions
Heat, light, power and water
Bank Charges
Licenses
Repairs and Renewals
Depreciation of Office Equipment|**2023**
**£**
4,453
100,917
20
47
105,437
2,330
16,840
19,170
82%
69,401
2,288
246
2,648
540
2,256
496
1,172
35
49
1,306
1,083
634
262
261
1,927
225
84,829|**2022**
**£**
11,501
92,571
14
81
104,167
2,628
65
45,238
47,931
54%
45,395
1,816
253
1,755
685
3,560
579
1,143
83
22
1,583
1,945
699
271
210
1,009
65
61,073|
|---|---|---|
8
Registered number **07822393**
## Parkview Lodge Pre-School
Report and Accounts
31 October 2023
## Parkview Lodge Pre-School
## **Directors Report**
The directors present their report and accounts for the year ended 31 October 2023
## **Principal activities**
The company's principal activity is to provide childcare to 2 and 3 year olds
The directors are aware of the Charity Commision's guidance on public benefit and how it affects the activites it undertakes.
## **Directors**
The directors who served through the year and their interests in
GALINA HRISTOVA KONOVA LORRAINE ALLOWAY CAROLE ANN LEWIS ALYSON CAROLINE SANDERSON
## **Political and charitable donations**
During the year, the company made no charitable contributions. However the company is a registered charity
## **Directors Responsabilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss for that period. In preparing those accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors are also responsible for ensuring that the requirements of the Charity Commissioners are complied with.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to the small companies regime
This report was approved by the board on 14 May 2024
CAROLE ANN LEWIS Director
1
## **Independent Examiner's report to the Trustees of Parkview Lodge Preschool**
I report on the accounts of Parkview Lodge Preschool for the year ended 31st October 2023. Respective responsibilities of Trustees and Examiners The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Part 16 of the Companies Act 2006 and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 145 of the Charities Act 2011); - to follow the procedures laid down in the General Directions of the Charity Commission(under section given by the Charity Commissioners under section 145 (5) (b) of the Act and - to state whether particular matters have come to my attention.
## **Basis of independent examiners' report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts. Independent examiners' statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that, in any material respect, the requirements: (a) to keep accounting records in accordance with section 386 of the Companies Act 2006; and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 and the Statement of Recommend Practice: Accounting and Reporting by Charities have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Miss Sally J Wainwright ACMA Chartered Management Accountant Independent Examiner 14th May 2024**
**Parkview Lodge Pre-School Balance Sheet as at 31 October 2023**
|**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
2
**Net current assets**
**Total assets less current**
**liabilities**
**Capital and reserves**
Surplus
4
**Funds**|47,411
47,411
(6,654)|**2023**
**£**
673
40,757
41,430
41,430
41,430
41,430|**2022**
**£**
260
41,594
41,594
(1,883)
39,711
39,971
39,971
39,971
39,971|
|---|---|---|---|
a) For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to small companies regime b) The members have not required the company to obtain an audit of in accordance with the section 476 of the Companies Act 2006
c) The directors acknowledge their responsibility for: (i) ensuring the company keeps accounting records which comply with section 386; and
(ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Section 393, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company.
d) The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
CAROLE ANN LEWIS Director Approved by the board on 14 May 2024
3
## **Parkview Lodge Pre-School Profit and Loss Account for the year ended 31 October 2023**
|**Notes**
**Turnover**
Cost of sales
**Gross Profit**
Distribution expenses
Administrative expenses
**Operating Profit/Loss**
Interest receivable
Interest payable
**Surplus/Deficit for the year ending 31 October 22/23**
**Retained Surplus/Deficit carried forward**|**2023**
**£**
105,437
(19,170)
86,267
(84,829)
1,438
21
1,459
1,459|**2022**
**£**
104,167
(47,931)
56,236
(61,073)
(4,837)
20
(4,817)
(4,817)|
|---|---|---|
4
## **Parkview Lodge Pre-School Notes to the Accounts for the year ended 31 October 2023**
## **1 Accounting policies**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
## **i)** _**Turnover**_
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
|**2**
**Creditors: amounts falling due within one year**
Tax and Social Security
Directors Loan Account
Accruals|**2023**
**£**
-
6,194
460
6,654|**2022**
**£**
1,423
460
1,883|
|---|---|---|
5
## **Parkview Lodge Pre-School Notes to the Accounts for the year ended 31 October 2023**
|**3**
**Surplus Reserves**
At 1 November 2022:
Reserve Movements
At 31 October 2023:|**2023**
**£**
39,971
1,459
41,430|**2022**
**£**
44,788
(4,817)
39,971|
|---|---|---|
## **4 Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment - 20% reducing balance
|**Cost**
At 1 November 2022
Additions
At 31 October 2023
**Depreciation**
At 1 November 2022
Charge for year
At 31 October 2023
**Net book value**
At 1 November 2022
At 31 October 2023|**Equipment**
**£**
649
638
1,287
389
225
614
260
673|**Total**
**£**
649
638
1,287
389
225
614
260
673|
|---|---|---|
6
## **Parkview Lodge Pre-School Profit and Loss Account for the year ended 31 October 2023**
_for the information of the directors only_
|**Sales**
Cost of sales
**Gross Profit**
Distribution costs
Administrative expenses
Other operating income
**Operating Profit/Loss**
Interest receivable
Interest payable
**Surplus/ Deficit**|**2023**
**£**
105,437
(19,170)
86,267
-
(84,829)
-
1,438
21
1,459|**2022**
**£**
104,167
(47,931)
56,236
-
(61,073)
-
(4,837)
20
(4,817)|
|---|---|---|
7
## **Parkview Lodge Pre-School Schedule to the Profit and Loss Account for the year ended 31 October 2023**
_for the information of the directors only_
|**Sales: Fees**
Funding
Donations
Amazon Income
Fundraising
**Cost of sales**
Purchases
DBS
Staff Salaries
**Administrative expenses**
Directors Salaries
Premises Expenses
Training
Software
Insurance
Printing, Postage and Stationery
Telephone
Travel and mileage
Cleaning
Accountancy
Professional Fees
Entertainment
Refreshments
Pensions
Heat, light, power and water
Bank Charges
Licenses
Repairs and Renewals
Depreciation of Office Equipment|**2023**
**£**
4,453
100,917
20
47
105,437
2,330
16,840
19,170
82%
69,401
2,288
246
2,648
540
2,256
496
1,172
35
49
1,306
1,083
634
262
261
1,927
225
84,829|**2022**
**£**
11,501
92,571
14
81
104,167
2,628
65
45,238
47,931
54%
45,395
1,816
253
1,755
685
3,560
579
1,143
83
22
1,583
1,945
699
271
210
1,009
65
61,073|
|---|---|---|
8