REGISTERED COMPANY NUMBER: 07578727 (England and Wales) REGISTERED CHARITY NUMBER: 1150173
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
WIVENHOE PRE-SCHOOL
Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS
WIVENHOE PRE-SCHOOL
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 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
WIVENHOE PRE-SCHOOL
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
07578727 (England and Wales)
Registered Charity number 1150173
Registered office
Congregational Church Hall 101 High Street Wivenhoe Colchester Essex CO7 1AB
Trustees
Mrs S Clubb Ms N Canfield Ms M Martin Ms O Reeves Mrs N Ward Ms J Belcher (appointed 9.11.20) Ms C L Connell (appointed 9.11.20)
Independent Examiner
Martyn Lewis Chartered Accountants 1 Brewery House Brook Street Wivenhoe Essex C07 9DS
15[th] March 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
S Clubb
........................................................................ Mrs S Clubb - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WIVENHOE PRE-SCHOOL
Independent examiner's report to the trustees of Wivenhoe Pre-School ('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:
-
accounting records were not kept in respect of the 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.
M 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 18[th] March 2022 Date: .............................................
Page 2
WIVENHOE PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 August 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 67,018 Investment income 3 - Other income - Total 67,018 EXPENDITURE ON Charitable activities Pre-School 64,125 NET INCOME/(EXPENDITURE) 2,893 RECONCILIATION OF FUNDS Total funds brought forward 29,835 TOTAL FUNDS CARRIED FORWARD 32,728 |
2020 Total funds £ 45,119 25 2,782 47,926 54,237 (6,311) 36,146 29,835 |
|---|---|
The notes form part of these financial statements
Page 3
WIVENHOE PRE-SCHOOL
BALANCE SHEET 31 August 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 1,323 CURRENT ASSETS Cash at bank and in hand 31,717 CREDITORS Amounts falling due within one year 9 (312) NET CURRENT ASSETS 31,405 TOTAL ASSETS LESS CURRENT LIABILITIES 32,728 NET ASSETS 32,728 FUNDS 10 Unrestricted funds 32,728 TOTAL FUNDS 32,728 |
2020 Total funds £ 940 29,207 (312) 28,895 29,835 29,835 29,835 29,835 |
|---|---|
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.
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 ............................................. and were signed on its behalf by:
............................................. S Clubb - Trustee
The notes form part of these financial statements
Page 4
WIVENHOE PRE-SCHOOL
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.
| Fixtures and fittings | - 25% on reducing balance |
|---|---|
| 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
| Fundraising events Fees |
2021 £ 172 66,846 67,018 |
2020 £ 198 44,921 |
|---|---|---|
| 45,119 |
Page 5
continued...
WIVENHOE PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
3. INVESTMENT INCOME
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit account interest | - | 25 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation - owned assets | 336 | 188 |
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:
7.
| Pre-school No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Other trading activities Investment income Other income Total EXPENDITURE ON Charitable activities Pre-School NET INCOME/(EXPENDITURE) |
2021 2020 6 5 Unrestricted fund £ 45,119 25 2,782 47,926 54,237 (6,311) |
|---|---|
Page 6
continued...
WIVENHOE PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| fund | |||||||
| £ | |||||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 36,146 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 29,835 | ||||||
| 8. | TANGIBLE FIXED ASSETS | ||||||
| Fixtures | |||||||
| and | Computer | ||||||
| fittings | equipment | Totals | |||||
| £ | £ | £ | |||||
| COST | |||||||
| At 1 September 2020 | 1,097 | 620 | 1,717 | ||||
| Additions | - | 719 | 719 | ||||
| At 31 August 2021 | **1,097 ** | 1,339 | 2,436 | ||||
| DEPRECIATION | |||||||
| At 1 September 2020 | 304 | 473 | 777 | ||||
| Charge for year | 119 | 217 | 336 | ||||
| At 31 August 2021 | 423 | 690 | 1,113 | ||||
| NET BOOK VALUE | |||||||
| At 31 August 2021 | 674 | 649 | 1,323 | ||||
| At 31 August 2020 | 793 | 147 | 940 | ||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Other creditors | 312 | 312 | |||||
| 10. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At | 1.9.20 | in funds | 31.8.21 | ||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 29,835 | 2,893 | 32,728 | ||||
| TOTAL FUNDS | 29,835 | 2,893 | 32,728 |
continued...
Page 7
WIVENHOE PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 67,018 | (64,125) | 2,893 |
| TOTAL FUNDS | 67,018 | **(64,125) ** | 2,893 |
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.9.19 | in funds | 31.8.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 36,146 |
(6,311) | 29,835 |
| TOTAL FUNDS 36,146 |
(6,311) | 29,835 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 47,926 |
(54,237) | (6,311) |
| TOTAL FUNDS 47,926 |
(54,237) | (6,311) |
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 | 36,146 | (3,418) | 32,728 |
| TOTAL FUNDS | 36,146 | (3,418) | 32,728 |
continued...
Page 8
WIVENHOE PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 August 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 114,944 | (118,362) | (3,418) |
| TOTAL FUNDS | 114,944 | (118,362) | (3,418) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 9
WIVENHOE PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 August 2021
| for the Year Ended 31 | August 2021 | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fundraising events | 172 | 198 |
| Fees | 66,846 | 44,921 |
| 67,018 | 45,119 | |
| Investment income | ||
| Deposit account interest | - | 25 |
| Other income | ||
| Government grants | - | 2,782 |
| Total incoming resources | 67,018 | 47,926 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 47,928 | 39,413 |
| Rent | 8,694 | 10,143 |
| Insurance | 888 | 879 |
| Telephone | 120 | - |
| Postage and stationery | 1,054 | 462 |
| Sundries & refreshments | 1,939 | 1,933 |
| Accountancy | 1,512 | 1,008 |
| Professional fees | 525 | - |
| Depreciation of tangible fixed assets | 336 | 189 |
| 62,996 | 54,027 | |
| Support costs | ||
| Management | ||
| Training | 356 | 210 |
| Equipment | 773 | - |
| 1,129 | 210 | |
| Total resources expended | 64,125 | 54,237 |
| Net income/(expenditure) | 2,893 | (6,311) |
This page does not form part of the statutory financial statements
Page 10