**Charity Registration No. 1146378** **Company Registration No. 07827217 (England and Wales)** ## **BARNETT WOOD PRE SCHOOL** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2021** ## **BARNETT WOOD PRE SCHOOL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Mr M L Tiley (Chair) Mrs E J Deighton (Employee and Parent Liaison/ Health & Safety) Mrs S M Leyland (Curriculum and Inspection) **Secretary** Mr M L Tiley (Chair) **Charity number** 1146378 **Company number** 07827217 **Principal address** 213 Barnett Wood Lane Ashtead Surrey KT21 2DF **Registered office** 213 Barnett Wood Lane Ashtead Surrey KT21 2DF **Independent examiner** Frances Wilde FCCA DChA Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF ## **Bankers** Santander - Bootle Bootle Merseyside L30 4GB ## **BARNETT WOOD PRE SCHOOL** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5 - 6| |Balance sheet|7 - 8| |Notes to the financial statements|9 - 20| ## **BARNETT WOOD PRE SCHOOL** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ The trustees present their report and financial statements for the year ended 31 August 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)". ## **Objectives and activities** The pre-school ' s object ives are to enhance the development and education of children under statutory school age. The policies adopted in furtherance of these objects are to operate a pre-school and there has been no change in these during the year. The trustees have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities they should undertake. ## **Achievements and performance** Against the backdrop of a continuing global pandemic, the trustees, management and staff have once again worked tirelessly to ensure we provide an excellent level of care, early learning and development for all the children at our setting. We have worked, through frequent changes in government guidance, to provide the best care for the children and families who attend our setting. At times going ‘above and beyond’ to support families. Our systems of control have proved to be robust, as the setting has had comparatively few cases of Covid in 2020-2021, and only had 1 partial closure during the whole period. The setting continues to work with Surrey County Council’s Early Years team, ensuring that all our practitioners are following the latest techniques and guidelines. In addition, the setting continues to work with local schools to ensure a smooth transition for the children to their new setting. We are fortunate enough to receive an excellent level of support and engagement from parents who have children at the Pre-School this continues to create a positive partnership to support the continuing development of all children at the setting. ## **Financial review** lncoming resources amounted to £ 247,122 for the year (2020: £214,059) , which results in a surplus of £32,429 (2020: £ 7,031) . £5,000 of this surplus is to be added to a fund designated for future maintenance of the setting, which is not met by the landlords, Surrey County Council. Unrestricted reserves carried forward amount to £102,674 (2020: £ 71,671). The trustees' current reserves policy is to maintain a surplus of between £5 5 ,000 and £ 94 ,000 unrestricted funds which they consider sufficient to mitigate a sudden increase in expenditure or loss of income. The charity's principal source of income is grants from Surrey County Council for children within the funding bracket for Early Years funding, together with fees from parents not covered by council funding. Fees are invoiced termly. - 1 - ## **BARNETT WOOD PRE SCHOOL** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ In recent years the Pre-School has had to absorb increased costs due to the introduction of auto-enrolment, additional maintenance costs as well as increases to the rent charged for the premises by Surrey County Council. These costs, together with increases in the National Living Wage, have not been entirely mitigated by increases in the funding received from Surrey County Council. As such we have had no option but to ask charge funded children for consumables as well as hold fundraising events in order to ensure that we can continue to offer the high level of childcare and the variety of activities that we have done in the past. Further increases in National Living Wage are predicted over the next few years, together with the Health & Social Care levy will continue to impact the setting’s finances. The Pre-School has over recent years seen an increase in the number of children attending with special needs and whist we have received some additional funding for this we are conscious of the need to ensure we have the financial resources to assist should the funding cease. The trustees have assessed the major risks to which the pre-school is exposed, and are satisfied that systems are in place to mitigate exposure to these. ## **Plans for the future** The Pre-School continues to work from a very sound financial foundation which will provide us with the opportunity to assess how we can improve our facilities and resources to further enhance our early years aims and ambitions. The setting wishes to ensure that the premises from which they operate are as safe and secure as possible. As such the setting plans to invest in new windows and doors for the building, a project which had been planned for 2020/2021 at a cost of approximately £15,000 , but could not be completed as demand increased lead times with suppliers. This delay has left the setting with a higher surplus than anticipated in 2020/2021. The Pre-School directors are committed to ensuring that staff members receive the training and support they need to fulfill their role within the setting. We are conscious of the increased demand for places in the locality and strive to ensure we offer our facilities to as many children as possible. With this in mind, the Pre-School continues to look at ways in which it can accommodate children eligible for the government’s 30-hours funding whilst not significantly reducing the number of children admitted to the setting. ## **Structure, governance and management** The charity is a company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr M L Tiley (Chair) Mrs E J Deighton (Employee and Parent Liaison/ Health & Safety) Mrs S M Leyland (Curriculum and Inspection) The formal process for appointment of trustees is set out in section 5 of the Articles of Association. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. - 2 - BARNETh WOOD PRE SCHOOL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 lo the group leader. They are also resp￿￿tr￿e tor r8i5irnJ fvnts ￿ ensuriTh3 fees and grants are feceived in M L Tlley halr) BARNErr WOOD PRE SCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNErr WOOD PRE SCHOOL I report to the trustees on my gxominakn of tho )Inanoo1 stslements of Bamett W¢>)d Prg Sthool (the ¢h8rtyl for the year ended 31 2021. Ro•pon•lbllltlo• and bul• ol r•port As the Irusl&e8 of the charity land also its directors fN tho purpow of Company kgwl you ar8 r08pon8lble lor thg preparat5on of the finandal statements in accordance with the requwements of the Companies Act 20061th8 2006 A¢t). H8vlng 8#1isfied mysell Ihal the tknanclal Statements of tho thaiity aro not req￿red to b8 auditsd under Part 16 of the 21J06 Act and are eligib￿ lor indapendant examination. I reiMIrt in rask*d of my oxaminatiel) of th• chartty's finandal Statsments Carr1￿ out undèr soctlm 145 of tha Charltltss Act 2011 (the 2011 Actl. In carrylng out my examination I have followed all the ap￿￿*19 Di1￿￿On8 g￿8￿ by the Charfty Commlsslon und&r sact￿n 145{5)Ibl of the 2011 A¢¢. Ind•pond•nt •xamln•rf• •tat•m•nt I havg ¢omplgled my examln8tkx). I Cp)nfimi that no mattern have eJ)mo lo my atten￿on In connedon wlth the examlnallon glving rne cause to bellovo that Sn any matarlal rasp8¢L' accounllng rn¢ord8 **re not kopt In r68pect of tho dwrlty 88 Tequlred by 88cVon 386 of the 2006 Act,. financlal 8talom8nts do not a¢¢oTd wlth Ihose r8cord8; C th8 flnanclBI stat•m•nts do not Comply ￿th th• accounllng requlr•monl8 of Sedon 396 of the 2006 Act other than any requiTement that the a￿O￿nts give a true and fair vi8w which is not a mottar considorod 88 Part of on Ind8p8ndgnt ox4mlnatbn: c the ffinanclal statements havo not b88n pr•pwed In accordarth wlth m8thod8 and prlnclpl&8 of the Statsmont of Rocommandeil Praclke for ac¢ountlrwJ and reporting by charStl88 applicable lo charflles prapgrfng thglr a¢¢ounls In acc¥rdanc• with lh• Financial Reporting StaThJard applkabl• in tho UK And Republlc of Iroland IFRS 1021. I havo no concams •nd Iwo wn• ro othw mattern In ¢￿￿0¢110ft vAth thè examination to whlch Bttenllon 8houkJ bo dravm In th18 report In order to enable a pnjper undgrstsndlng of the flnonclal statemgnl8 to be reached, FI￿Ce8 Wld8 FCCA DChA Wam8r Wlk1e Chartgr8d Certlfiad Al￿￿nIants 4 Marwld Drfvo BLsley Sur GU24 9SF Dated.. ## **BARNETT WOOD PRE SCHOOL** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |**Current financial year**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general d esignated**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
157,935
-
-
Incom e from charitable activities
**4**
86,631
-
-
Other trading activities
**5**
-
1,918
-
Investments
**6**
272
-
-
Other income
**7**
366
-
-
**Total income**
245,204
1,918
-
**Expenditure on:**
Raising funds
**8**
905
-
-
Charitable activities
**9**
208,296
4,537
955
Other
**13**
-
-
-
**Total resources expended**
209,201
4,537
955
**Net incoming/(outgoing) resources**
**before transfers**
36,003
(2,619)
(955)
**Net income/(expenditure) for the year/**
**Net incoming/(outgoing) resources**
**before transfers**
36,003
(2,619)
(955)
Gross transfers between funds
(5,000)
5,000
-
Fund balances at 1 September 2020
71,671
54,910
2,056
**Fund balances at 31 August 2021**
102,674
57,291
1,101|**Total**
**2021**
**£**
157,935
86,631
1,918
272
366
247,122
905
213,788
-
214,693
32,429
32,429
-
128,637
161,066|Total
2020
**£**
145,678
66,553
1,229
483
116
214,059
816
206,096
116
207,028
7,031
7,031
-
121,606
128,637| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - ## **BARNETT WOOD PRE SCHOOL** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **Prior financial year** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general d esignated**
**2020**
**2020**
**2020**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
145,063
615
-
Incom e from charitable activities
**4**
66,553
-
-
Other trading activities
**5**
-
1,229
-
Investments
**6**
483
-
-
Other income
**7**
116
-
-
**Total income**
212,215
1,844
-
**Expenditure on:**
Raising funds
**8**
816
-
-
Charitable activities
**9**
201,012
4,129
955
Other
**13**
116
-
-
**Total resources expended**
201,944
4,129
955
**Net incoming/(outgoing) resources before**
**transfers**
10,271
(2,285)
(955)
Gross transfers between funds
(5,000)
5,000
-
**Net income/(expenditure) for the year/**
**Net movement in funds**
5,271
2,715
(955)
Fund balances at 1 September 2019
66,400
52,195
3,011
**Fund balances at 31 August 2020**
71,671
54,910
2,056|**Total**
**2020**
**£**
145,678
66,553
1,229
483
116
214,059
816
206,096
116
207,028
7,031
-
7,031
121,606
128,637| |---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 6 - ## **BARNETT WOOD PRE SCHOOL** ## **BALANCE SHEET** ## _**AS AT 31 AUGUST 2021**_ |**Notes**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Stocks
**15**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**17**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**18**
Unrestricted funds
Designated funds
**19**
General unrestricted funds|**2021**
**£**
2,232
3,014
176,370
181,616
(53,450)
57,291
102,674|**£**
32,900
128,166
161,066
1,101
159,965
161,066|**2020**
**£**
788
1,866
133,704
136,358
(43,841)
54,910
71,671|**£**
36,120
92,517
128,637
2,056
126,581
128,637| |---|---|---|---|---| - 7 - BARNETh WOOD PRE SCHOOL BALANCE SHEEf {COlmNUED) ASAT31AUGUST2021 2021 2020 Ad 20(￿. forthe year er￿1 31 Auw 2021. c£MMp￿ WFth section 386 of the A(* and wepariThJ stat￿￿t3 ¥*tiich give a ￿ aThJ fair vigw of the finan(id statements. So far as apW"c*Ae to tr* (x￿. The members have n(rt requir8J ts c£#Th)any to aLKlil irf rts fina￿￿81 stat￿* for the year in subj'ectto the smal ￿mpanIeS regtsne. Company Registratlon No. 07827217 ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** ## **Charity information** Barnett Wood Pre School is a private company limited by guarantee incorporated in England and Wales. The registered office is 213 Barnett Wood Lane, Ashtead, Surrey, KT21 2DF. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure 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. - 9 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** **(Continued)** ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Buildings 10 years straight line Fixtures, fittings & equipment 3 years straight line, 5 years straight line Computers 3 years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **1.8 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell . Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.10 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. 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 measured at the cash or other consideration expected to be received and not discounted. - 10 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **1 Accounting policies** ## **(Continued)** ## _**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 p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Basic financial liabilities are subsequently measured at the cash or other consideration expected to be paid and not discounted. 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 when the charity ’s contractual obligations expire or are discharged or cancelled. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.12 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **1.13 Debtors** Debtors and prepayments are recognised at the amount due. ## **1.14 Creditors** Creditors are recognised where the charity has a present obligation arising from a past event and the amount can be reliably measured or estimated. ## **2 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. 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 11 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **3 Donations and legacies** |**Unrestricted**Unrestricted Unrestricted
**funds**
funds
funds
**general**
general
d esignated
**2021**
2020
2020
**£**
£
£
Grants receivable
157,935
145,063
615
**Grants receivable for core activities**
Early Years grant funding
140,791
135,685
-
Other grants
17,144
9,378
615
157,935
145,063
615|Total
2020
£
145,678
135,685
9,993
145,678| |---|---| ## **4 Incom e from charitable activities** |Fees
Parents contributions|**2021**
**£**
86,549
82
86,631|**2020**
**£**
47,506
19,047
66,553| |---|---|---| ## **5 Other trading activities** ||**Unrestricted**|Unrestricted| |---|---|---| ||**funds**|funds| ||**d esignated**|d esignated| ||**2021**|2020| ||**£**|£| |Fundraising events|1,918|1,229| - 12 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **6 Investments** |**7**
**8**|**Unrestricted**Unrestricted
**funds**
funds
**general**
general
**2021**
2020
**£**
£
Interest receivable
272
483
**Other income**
**Unrestricted**Unrestricted
**funds**
funds
**general**
general
**2021**
2020
**£**
£
Other income
366
116
**Raising funds**
**Unrestricted**Unrestricted
**funds**
funds
**general**
general
**2021**
2020
**£**
£
Fundraising and publicity
Other fundraising costs
46
45
Trading costs
Other trading activities
859
771
905
816| |---|---| - 13 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **9 Charitable activities** |Staff costs
Depreciation and impairment
Rent and insurance
Electricity
Phones
Maintenance and cleaning
Ch ildrens activities and equipment
General expenses
Office expenses
Other staff costs
External suppliers - Childrens' activities
Share of governance costs (see note 10)
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Independent Examiner's
fees
-
990
Governance cost s
-
739
-
1,729
Analysed between
Charitable activities
-
1,729|**2021**
**£**
990
739
1,729
1,729|**2021**
**£**
165,857
6,610
9,950
1,505
374
11,665
8,722
3,648
649
3,039
40
212,059
1,729
213,788
208,296
4,537
955
213,788
Support
costs
Governance
costs
£
£
-
954
-
3,511
-
4,465
-
4,465|**2020**
**£**
167,393
7,242
7,466
1,689
443
4,648
2,899
3,836
599
4,301
1,115
201,631
4,465
206,096
201,012
4,129
955
206,096
2020
£
954
3,511
4,465
4,465| |---|---|---|---| ## **10 Support costs** - 14 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **11 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year, and none of them were reimbursed expenses. ## **12 Employees** ## **Number of employees** The average monthly number of employees during the year was: |Management
Childcare
Admin
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2021**
**Number**
2
6
1
9
**2021**
**£**
158,517
5,158
2,182
165,857|**2020**
**Number**
1
8
1
10
**2020**
**£**
160,054
5,301
2,038
167,393| |---|---|---| 9 (2020: 10) part time staff equate to approximately 6 (2020: 6) full time equivalents. There were no employees whose annual remuneration was £60,000 or more. ## **13 Other** |Other expenditure|**Total**Unrestricted
funds
**£**
general
**2021**
2020
-
116
-
116| |---|---| - 15 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ |**14**
**Tangible fixed assets**
**Buildings**
**Fixtures,**
**fittings &**
**equipment**
**Computers**
**£**
**£**
**£**
**Cost**
At 1 September 2020
40,520
17,312
1,813
Additions
-
2,096
1,294
At 31 August 2021
40,520
19,408
3,107
**Depreciation and impairment**
At 1 September 2020
10,813
10,902
1,813
Depreciation charged in the year
4,052
2,429
126
At 31 August 2021
14,865
13,331
1,939
**Carrying amount**
At 31 August 2021
25,655
6,077
1,168
At 31 August 2020
29,707
6,413
-
**15**
**Stocks**
**2021**
**£**
Finished goods and goods for resale
2,232
**16**
**Debtors**
**2021**
**Amounts falling due within one year:**
**£**
Trade debtors
569
Prepayments and accrued income
2,445
3,014
**17**
**Creditors: amounts falling due within one year**
**2021**
**£**
Other taxation and social security
1,107
Trade creditors
4,256
Other creditors
22,552
Accruals and deferred income
25,535
53,450|**Total**
**£**
59,645
3,390
63,035
23,528
6,607
30,135
32,900
36,120
**2020**
**£**
788
**2020**
**£**
38
1,828
1,866
**2020**
**£**
963
2,205
18,121
22,552
43,841| |---|---| - 16 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **18 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |||**Balance at**|**Resources**|**Balance at**|**Resources**|**Balance at**| |---|---|---|---|---|---|---| ||**1**|**September**|**expended**|**1 September**|**expended**|**31 August**| |||**2019**||**2020**||**2021**| |||**£**|**£**|**£**|**£**|**£**| |Outside resources||3,011|(955)|2,056|(955)|1,101| The restricted fund is for the development of outside resources. - 17 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **19 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |||**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**||| |---|---|---|---|---|---|---|---|---|---| ||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**| ||**1 September**|**resources**|**expended**||**1 September**|**resources**|**expended**||**31 August**| ||**2019**||||**2020**||||**2021**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Planned expenditure reserve|2,659|615|-|-|3,274|-|-|-|3,274| |Leasehold improvement fund|31,239|-|(4,052)|-|27,187|-|(4,052)|-|23,135| |Training fund|18,297|-|-|-|18,297|-|-|-|18,297| |Fundraising fund|-|1,229|(77)|-|1,152|1,918|(485)|-|2,585| |Maintenance fund|-|-|-|5,000|5,000|-|-|5,000|10,000| ||52,195|1,844|(4,129)|5,000|54,910|1,918|(4,537)|5,000|57,291| - 18 - ## **BARNETT WOOD PRE SCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **19 Designated funds** **(Continued)** ## **Planned Expenditure Reserve** The Planned Expenditure Reserve has been set aside for children with special needs. ## **Leasehold Improvement Fund** The Leasehold Improvement Fund is to cover improvements such as the provision of a reading room and the development of the playground area. The fund will be expended in line with annual depreciation for the associated assets. ## **Training Fund** The Training Fund has been set up to provide resources for the Pre School to offer level 3 training for up to two staff a year for a period of 5 years encouraging retention through training and development. ## **Fundraising fund** The fundraising fund represents monies raised by fundraising set aside for the purchase of play equipment. ## **Maintenance fund** The Maintenance fund has been set up to provide funds for future repairs. ## **20 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Fund balances at 31 August 2021 are represented
by:
Tangible assets
29,299
2,500
1,101
Current assets/(liabilities)
73,375
54,791
-
102,674
57,291
1,101|**Total**Unrestricted
funds
Designated
funds
Restricted
funds
**2021**
2020
2020
2020
**£**
£
£
£
32,900
5,802
28,262
2,056
128,166
65,869
26,648
-
161,066
71,671
54,910
2,056|Total
2020
£
36,120
92,517
128,637| |---|---|---| - 19 - ## **BARNETT WOOD PRE SCHOOL** # **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2021**_ ## **21 Related party transactions** There were no disclosable related party transactions during the year (2020 - none) . - 20 -