## **Creswick Pre-school Ltd.**
## ANNUAL TRUSTEES REPORT 01.12.20 – 30.11.21
_This report follows the guidelines laid down by the Charity Commission in their website guidance for small charity reporting._
## Reference and reporting details
Charity Name Creswick Pre-school Ltd Registered Charity Number 1145213 Registered address Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FL Address of pre-school Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FL
## **Trustees**
Creswick Pre-school’s trustees are also directors of the pre-school as registered with Companies House. Trustees have served throughout the financial year.
Mrs Jane Jackson – Chair Mrs Gemma Jeffrey – Secretary Mrs Sarah Berriman - Treasurer
## **Advisors**
Bank: Barclays Bank 99 Harborough Road Northampton NN2 7SL
Accountant: RS Partnership Riverside House 14 Prospect Place Welwyn Hertfordshire AL6 9EN
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## **Structure, Governance and Management**
Governing document: Trustee selection: Meetings:
Pre-school learning alliance model constitution Same as Directors registered at Companies House The directors meet at least three times a year
## **Objectives and activities**
Summary of objectives: To provide education and early learning for pre-school age children in our local community.
Summary of main activities:Two, three hour sessions daily during term time. We also offer a lunch club to those families wishing to use it. Carefully planned activities follow the Early Years Foundation Stage curriculum ensuring that every child has access to good quality play and learning experiences that are differentiated to suit their stage of learning and development. We work in close partnership with parents and other professionals to ensure best outcomes for children aged 2-5.
## **Achievements and performance**
Our waiting list continues to be incredibly healthy despite a reduced birth rate in recent years.
The pre-school achieved an Ofsted grading of Outstanding in its last inspection (March 2019). All actions identified in that inspection have been completed. Staff retention is excellent. All staff are qualified to at least level 3, and other qualifications include levels, 4 and 7. Our setting is graduate led.
Creswick pre-school aims to provide the best experience it can for the young children in its care. Whilst we of course seek to retain a financial reserve in case of emergency, we purchase the best quality equipment and resources and ensure that all money received by the pre-school goes straight back to providing the best we can for the children and their families. Our website, www.creswickpre-school.co.uk gives an overview of what Creswick Pre-school provides for local children.
We continue to welcome children funded through the two year old funded scheme. We work in close partnership with our local family centre to ensure that families of the children in receipt of this funding get any additional support they may need. Two year old children require a ratio of 1:4. This has a knock on effect to our overall budget and continues to put pressure on the budget.
In addition to the regular income of weekly fees through both cash payments and families using childcare vouchers through their workplace schemes.
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Senior staff continue to attend briefings to remain updated about the EYFS curriculum which was republished in September 2021.
The Coronavirus pandemic impacted greatly on pre-school. We remained open throughout, offering education and childcare for those families (particularly key workers or those with vulnerable children) who needed us most. We did not rely on the government furlough scheme to pay our team. All team members were paid their usual salaries throughout the pandemic using pre-school reserves rather than draining further resources, unnecessarily from the government. This has seen our balance deplete but we are proud to have been able to maintain a consistent service for families and support our team whilst being self-sufficient financially.
## **Financial review**
Please see attached end of year accounts.
## **Declaration**
The trustees declare that they have approved the trustees’ report above. Signed on behalf of charity trustees:
|Signature:|||
|---|---|---|
|Full name:|Jane Jackson|Sarah Berriman|
|Position:|Trustee|Trustee|
|Date:|3rdOctober 2022|3rdOctober 2022|
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Registration number: 07080206
## Creswick Pre-School Limited
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 30 November 2021
RS Partnership Ltd Chartered Certified Accountants Riverside House 14 Prospect Place Welwyn Hertfordshire AL6 9EN
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Contents**
|Company Information|1|
|---|---|
|Directors' Report|2|
|Accountants' Report|3|
|Profit and Loss Account|4|
|Statement of Comprehensive Income|5|
|Balance Sheet|6 to 7|
|Statement of Changes in Equity|8|
|Notes to the Unaudited Financial Statements|9 to 11|
|Detailed Profit and Loss Account|12 to 13|
**Creswick Pre-School Limited** (A company limited by guarantee)
## **Company Information**
**Directors** Mrs Gemma Jeffrey Mrs Teresa Jane Jackson Ms Sarah Washington **Registered office** Creswick Pre School Creswick School Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FJ **Accountants** RS Partnership Ltd Chartered Certified Accountants Riverside House 14 Prospect Place Welwyn Hertfordshire AL6 9EN
Page 1
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Directors' Report for the Year Ended 30 November 2021**
The directors present their report and the financial statements for the year ended 30 November 2021.
## **Directors of the company**
The directors who held office during the year were as follows:
Mrs Gemma Jeffrey
Mrs Teresa Jane Jackson
Ms Sarah Washington
## **Principal activity**
The principal activity of the company is that of Pre-School.
## **Small companies provision statement**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on 10 January 2022 and signed on its behalf by:
......................................... Mrs Teresa Jane Jackson Director
......................................... Ms Sarah Washington Director
Page 2
## **Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Creswick Pre-School Limited**
## (A company limited by guarantee) **for the Year Ended 30 November 2021**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Creswick Pre-School Limited for the year ended 30 November 2021 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html .
This report is made solely to the Board of Directors of Creswick Pre-School Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Creswick Pre-School Limited and state those matters that we have agreed to state to the Board of Directors of Creswick Pre-School Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/ october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Creswick Pre-School Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Creswick Pre-School Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Creswick Pre-School Limited. You consider that Creswick Pre-School Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Creswick Pre-School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
RS Partnership Ltd Chartered Certified Accountants Riverside House 14 Prospect Place Welwyn Hertfordshire AL6 9EN 10 January 2022
Page 3
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Profit and Loss Account for the Year Ended 30 November 2021**
|**Note**
Turnover
Cost of sales
Gross surplus
Administrative expenses
Operating deficit
Deficit before tax
4
Deficit for the financial year|**2021**
**£**
113,662
103,155
10,507
24,376
(13,869)
(13,869)
(13,869)|**2020**
**£**
98,286
95,768|
|---|---|---|
|||2,518
28,870|
|||(26,352)|
|||(26,352)|
|||(26,352)|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
The notes on pages 9 to 11 form an integral part of these financial statements. Page 4
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Statement of Comprehensive Income for the Year Ended 30 November 2021**
|Deficit for the year
Total comprehensive income for the year|**2021**
**£**
(13,869)
(13,869)|**2020**
**£**
(26,352)|
|---|---|---|
|||(26,352)|
The notes on pages 9 to 11 form an integral part of these financial statements. Page 5
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **(Registration number: 07080206) Balance Sheet as at 30 November 2021**
|**Note**
**Fixed assets**
Tangible assets
5
**Current assets**
Cash at bank and in hand
**Creditors**: Amounts falling due within one year
6
**Net current assets**
**Net assets**
**Capital and reserves**
Other reserves
Profit and loss account
Shareholders' funds|**2021**
**£**
1,640
27,843
(2,811)
25,032
26,672
19,142
7,530
26,672|**2020**
**£**
2,187
40,138
(1,784)|
|---|---|---|
|||38,354|
|||40,541|
|||19,142
21,399|
|||40,541|
The notes on pages 9 to 11 form an integral part of these financial statements. Page 6
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **(Registration number: 07080206) Balance Sheet as at 30 November 2021**
For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the Board on 10 January 2022 and signed on its behalf by:
.........................................
Mrs Teresa Jane Jackson Director
.........................................
Ms Sarah Washington Director
The notes on pages 9 to 11 form an integral part of these financial statements. Page 7
## **Creswick Pre-School Limited** (A company limited by guarantee)
## **Statement of Changes in Equity for the Year Ended 30 November 2021**
|At 1 December 2020
Total comprehensive income
At 30 November 2021
At 1 December 2019
Total comprehensive income
At 30 November 2020|**Other reserves**
**£**
19,142
-
19,142
**Other reserves**
**£**
19,142
-
19,142|**Profit and loss**
**account**
**£**
21,399
(13,869)
7,530
**Profit and loss**
**account**
**£**
47,751
(26,352)
21,399|**Total**
**£**
40,541
(13,869)|
|---|---|---|---|
||||26,672|
||||**Total**
**£**
66,893
(26,352)|
||||40,541|
The notes on pages 9 to 11 form an integral part of these financial statements. Page 8
**Creswick Pre-School Limited** (A company limited by guarantee)
## **Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021**
## **1 General information**
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.
The address of its registered office is: Creswick Pre School Creswick School Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FJ England The principal place of business is: Creswick Pre School Creswick School Sir John Newsom Way Welwyn Garden City Hertfordshire AL7 4FJ England
These financial statements were authorised for issue by the Board on 10 January 2022.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
## **Basis of preparation**
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in Pounds Sterling (£), which is the Company’s functional currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.
## **Revenue recognition**
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Page 9
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021**
## **Tangible assets**
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
## **Depreciation**
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
## **Asset class**
Fixtures and fittings
**Depreciation method and rate** 25% on reducing balance
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **3 Staff numbers**
The average number of persons employed by the company (including directors) during the year, was 10 (2020 - 10).
## **4 Loss before tax**
Arrived at after charging/(crediting)
|Depreciation expense|**2021**
**£**
547|**2020**
**£**
729|
|---|---|---|
Page 10
**Creswick Pre-School Limited** (A company limited by guarantee)
## **Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021**
## **5 Tangible assets**
|**Cost or valuation**
At 1 December 2020
At 30 November 2021
**Depreciation**
At 1 December 2020
Charge for the year
At 30 November 2021
**Carrying amount**
At 30 November 2021
At 30 November 2020
**6**
**Creditors**
**Creditors: amounts falling due within one year**
**Due within one year**
Taxation and social security
Accruals and deferred income||**Furniture,**
**fittings and**
**equipment**
**£**
14,323||**Total**
**£**
14,323
14,323
12,136
547
12,683
1,640
2,187
**2020**
**£**
232
1,552|
|---|---|---|---|---|
|||14,323|||
|||12,136
547|||
|||12,683|||
|||1,640|||
|||2,187|||
|||**2021**
**£**
1,191
1,620
2,811|||
|||||1,784|
Page 11
## **Creswick Pre-School Limited**
(A company limited by guarantee)
## **Detailed Profit and Loss Account for the Year Ended 30 November 2021**
|Turnover (analysed below)
Cost of sales (analysed below)
Gross surplus
Gross surplus (%)
**Administrative expenses**
Establishment costs (analysed below)
General administrative expenses (analysed below)
Finance charges (analysed below)
Depreciation costs (analysed below)
Operating deficit
Deficit before tax|**2021**
**£**
113,662
103,155
10,507
9.24%
12,850
10,863
116
547
24,376
(13,869)
(13,869)|**2020**
**£**
98,286
95,768|
|---|---|---|
|||2,518|
|||2.56%
14,364
13,657
120
729|
|||28,870|
|||(26,352)|
|||(26,352)|
This page does not form part of the statutory financial statements. Page 12
## **Creswick Pre-School Limited** (A company limited by guarantee)
## **Detailed Profit and Loss Account for the Year Ended 30 November 2021**
|**Turnover**
Fees and grants
Other revenue
**Cost of sales**
Small toys and education
Wages and salaries (excluding directors)
Staff NIC (Employers)
Staff pensions (Other)
Staff training
Consumables
**Establishment costs**
Rent
Light, heat and power
Insurance
Repairs and renewals
**General administrative expenses**
Telephone and Internet
Health and safety
Computer software and maintenance costs
Printing, postage and stationery
Subscriptions and donations
Sundry expenses
Accountancy fees
Legal and professional fees
**Finance charges**
Bank charges
**Depreciation costs**
Depreciation of fixtures and fittings (owned)|**2021**
**£**
112,080
1,582
113,662
11,343
84,478
516
1,904
2,437
2,477
103,155
1,019
5,290
849
5,692
12,850
1,201
2,106
5,322
54
70
105
1,935
70
10,863
116
547|**2020**
**£**
98,161
125|
|---|---|---|
|||98,286|
|||5,555
81,570
1,243
1,848
2,825
2,727|
|||95,768|
|||1,359
2,810
685
9,510|
|||14,364|
|||911
3,448
6,983
142
-
155
1,935
83|
|||13,657|
|||120|
|||729|
This page does not form part of the statutory financial statements. Page 13
## **Virtual Cabinet Portal Digital Signatures**
## **Digital Signature Verification**
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
## **Signature Dates and Times**
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
## **Signature 1**
Signed by Sarah Fitzgerald using authentication code b2svbWVtcktyRypL at IP address 2.221.164.17, on 2022/08/18 10:40:48 Z.
Sarah Fitzgerald's e-mail address is: swashington88@hotmail.com.
**Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees/** CRESWICK PRE-SCHOOL LTD **members of**
**On accounts for the year Charity no ended** 30/11/2021 **(if any)** 1145213
**Set out on pages** 1 TO 12
**Respective** The charity's trustees are responsible for the preparation of the accounts in **responsibilities of** accordance with the requirements of the Charities Act 2011 (“the Act”). **trustees and examiner**
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention
**Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. 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 seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
**Independent** In connection with my examination, no material matters have come to my **examiner's statement** attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Date:** 14/07/2022
**Signed:**
**Name:** KEITH JONES ~~pd~~
1
**IER**
**May 2018**
**Relevant professional qualification(s) or body (if any):**
**Address:**
46 CROSSWAY WELWYN GARDEN CITY AL8 7EE
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**IER**
**May 2018**