Wivenhoe Pre-School
Charity No. 1150173
Company No. 07578727
Trustees' Report and Unaudited Accounts
31 August 2022
Wivenhoe Pre-School Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Notes to the Accounts | 7 to | 13 |
| Detailed Statement of Financial Activities | 14 to | 15 |
Page 1
Wivenhoe Pre-School Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07578727
Charity No. 1150173
Registered Office
Congregational Church Hall 101 High Street Wivenhoe Colchester, Essex CO7 1AB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S. Clubb C. Connell O. Reeves
Accountants
Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S. Clubb samantha clubb Trustee signed on 25/05/2023, 11:43:04 BST 09 December 2022
Page 2
Wivenhoe Pre-School Independent Examiners Report
Independent Examiner's Report to the trustees of Wivenhoe Pre-School
I report to the charity trustees on my examination of the financial statements of Wivenhoe Pre-School for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
Stuart Foster
signed on 25/05/2023, 11:45:29 BST
Stuart Foster FCCA ACCA Quantic Accountancy Limited 1 Second Avenue Bluebridge Halstead Essex CO9 2SU 09 December 2022
Page 3
Wivenhoe Pre-School Statement of Financial Activities
for the year ended 31 August 2022
| Notes Income and endowments from: Charitable activities 4 Other trading activities 5 Investments 6 Total Expenditure on: Other 7 Total Net gains on investments Net (expenditure)/income 8 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 £ 297 69,523 9 |
Total funds 2022 £ 297 69,523 9 |
Total funds 2021 £ 172 66,847 - |
|---|---|---|---|
| 69,829 71,983 |
69,829 71,983 |
67,019 64,125 |
|
| 71,983 - |
71,983 - |
64,125 - |
|
| (2,154) - |
(2,154) - |
2,894 - |
|
| (2,154) | (2,154) | 2,894 | |
| (2,154) 32,728 |
(2,154) 32,728 |
2,894 29,834 |
|
| 30,574 | 30,574 | 32,728 |
Page 4
Wivenhoe Pre-School Summary Income and Expenditure Account
for the year ended 31 August 2022
| Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2022 £ 69,820 9 69,829 71,720 263 71,983 (2,154) (2,154) |
2021 £ 67,018 - |
|---|---|---|
| 67,018 | ||
| 63,789 336 |
||
| 64,125 | ||
| 2,893 | ||
| 2,893 |
Page 5
Wivenhoe Pre-School Balance Sheet
at 31 August 2022
| Company No. 07578727 Notes 2022 £ Fixed assets Tangible assets 10 1,060 1,060 Current assets Cash at bank and in hand 29,827 29,827 Creditors:Amount falling due within one year 11 (313) Net current assets 29,514 Total assets less current liabilities 30,574 Net assets excluding pension asset or liability 30,574 Total net assets 30,574 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 30,574 30,574 Reserves 12 Total funds 30,574 |
2021 £ 1,323 |
|---|---|
| 1,323 31,716 |
|
| 31,716 (311) |
|
| 31,405 32,728 |
|
| 32,728 | |
| 32,728 | |
| 32,728 | |
| 32,728 | |
| 32,728 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 09 December 2022
And signed on its behalf by:
samantha clubb
signed on 25/05/2023, 11:43:04 BST S. Clubb
Trustee
09 December 2022
Page 6
Wivenhoe Pre-School Notes to the Accounts
for the year ended 31 August 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Wivenhoe Pre-School Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures, fittings and 15-25% Reducing balance equipment
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
Wivenhoe Pre-School Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
Wivenhoe Pre-School Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
||
|---|---|---|
| Income and endowments from: Charitable activities Other trading activities Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 172 66,847 |
Total funds 2021 £ 172 66,847 |
| 67,019 64,125 |
67,019 64,125 |
|
| 64,125 | 64,125 | |
| 2,894 | 2,894 | |
| 2,894 | 2,894 | |
| 2,894 29,835 |
2,894 29,835 |
|
| 32,729 | 32,729 |
4 Income from charitable activities
| Fundraising events 5 Income from other trading activities Fees |
Unrestricted £ |
Total 2022 £ 297 |
Total 2021 £ 172 |
|---|---|---|---|
| 297 | |||
| 297 | 297 | 172 | |
| Unrestricted £ 69,523 |
Total 2022 £ 69,523 |
Total 2021 £ 66,847 |
|
| 69,523 | 69,523 | 66,847 |
Page 10
Wivenhoe Pre-School Notes to the Accounts
6 Income from investments
| Unrestricted Total Total 2022 2021 £ £ £ Deposit account interest 9 9 - 9 9 - 7 Other expenditure Unrestricted Total Total 2022 2021 £ £ £ Employee costs 58,053 58,053 48,284 Premises costs 6,521 6,521 8,694 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 263 263 336 General administrative costs 5,922 5,922 4,774 Legal and professional costs 1,224 1,224 2,037 71,983 71,983 64,125 8 Net (expenditure)/income before transfers 2022 2021 This is stated after charging: £ £ Depreciation of owned fixed assets 263 336 Independent Examiner's fee 378 360 9 Staff costs 2022 2021 Salaries and wages 57,310 47,928 57,310 47,928 No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was as follows: 2022 2021 Number Number Pre-school 6 6 6 6 |
Unrestricted £ 9 |
Total 2022 £ 9 |
Total 2021 £ - |
|---|---|---|---|
| 9 | 9 | - | |
| Unrestricted £ 58,053 6,521 263 5,922 1,224 |
Total 2022 £ 58,053 6,521 263 5,922 1,224 |
Total 2021 £ 48,284 8,694 336 4,774 2,037 |
|
| 71,983 | 71,983 | 64,125 | |
| 2022 £ 263 378 2022 57,310 |
2021 £ 336 360 2021 47,928 |
||
| 57,310 | 47,928 | ||
| 6 |
Page 11
Wivenhoe Pre-School Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 September 2021 At 31 August 2022 Depreciation and impairment At 1 September 2021 Depreciation charge for the year At 31 August 2022 Net book values At 31 August 2022 At 31 August 2021 11 Creditors: amounts falling due within one year Accruals 12 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets |
At 1 September 2021 32,728 |
2022 £ 313 |
Fixtures, fittings and equipment £ 2,436 |
Total £ 2,436 |
|---|---|---|---|---|
| 2,436 | 2,436 | |||
| 1,113 263 |
1,113 263 |
|||
| 1,376 | 1,376 | |||
| 1,060 | 1,060 | |||
| 1,323 | 1,323 | |||
| Resources expended £ |
2021 £ 311 |
|||
| 313 | 311 | |||
| Incoming resources (including other gains/losses) £ |
At 31 August 2022 £ 30,574 |
|||
| 69,829 | (71,983) | |||
| 32,728 | 69,829 | (71,983) | 30,574 | |
| Unrestricted funds £ 1,060 29,514 |
Total £ 1,060 29,514 |
|||
| 30,574 | 30,574 |
Page 12
Wivenhoe Pre-School Notes to the Accounts
14 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 September 2021 £ |
Cash flows £ |
At 31 August 2022 £ |
| 31,716 | (1,889) | 29,827 | |
| 31,716 | (1,889) | 29,827 | |
| 31,716 | (1,889) | 29,827 |
15 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
Wivenhoe Pre-School Detailed Statement of Financial Activities
for the year ended 31 August 2022
| Income and endowments from: Charitable activities Fundraising events Other trading activities Fees Investments Deposit account interest Total income and endowments Expenditure on: Employee costs Salaries/wages Staff training Premises costs Rent General administrative costs, including depreciation and amortisation Depreciation of Fixtures, fittings and equipment Equipment expensed General insurances Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income |
Unrestricted funds 2022 £ 297 297 69,523 69,523 9 9 69,829 57,310 743 58,053 6,521 6,521 263 2,705 906 69 2,142 100 6,185 1,224 1,224 71,983 71,983 - (2,154) |
Total funds 2022 £ 297 297 69,523 69,523 9 9 69,829 57,310 743 58,053 6,521 6,521 263 2,705 906 69 2,142 100 6,185 1,224 1,224 71,983 71,983 - (2,154) |
Total funds 2021 £ 172 |
|---|---|---|---|
| 172 | |||
| 66,847 | |||
| 66,847 | |||
| - | |||
| - | |||
| 67,019 47,928 356 |
|||
| 48,284 | |||
| 8,694 | |||
| 8,694 | |||
| 336 773 888 1,054 1,939 120 |
|||
| 5,110 | |||
| 2,037 | |||
| 2,037 | |||
| 64,125 | |||
| 64,125 - |
|||
| 2,894 |
Page 14
Wivenhoe Pre-School Detailed Statement of Financial Activities
| Wivenhoe Pre-School Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
(2,154) - (2,154) 32,728 30,574 |
(2,154) - (2,154) 32,728 30,574 |
2,894 - |
| 2,894 | |||
| 29,834 | |||
| 32,728 |
Page 15
Signatures' technical details
Signatures
wivenhoepreschool@hotmail.com
25/05/2023, 11:43:04 BST
Fingerprint
7f5aeb063afdb6d0e3e77dcee71dae9af39dfddd
stuart@quantic-ac.co.uk
25/05/2023, 11:45:29 BST
Fingerprint
293e8708aafdb01f693edb614f3d2b15aed29251
Event log
10.50.11.4725/05/2023, 11:30:28 BST
Signing request created.
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Notification sent to wivenhoepreschool@hotmail.com.
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Signing page opened by signee wivenhoepreschool@hotmail.com.
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Signee wivenhoepreschool@hotmail.com signed document.
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Notification sent to stuart@quantic-ac.co.uk.
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Signing page opened by signee stuart@quantic-ac.co.uk.
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Signee stuart@quantic-ac.co.uk signed document.
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Signing process completed.
Summary
Summary |
|
|---|---|
Envelope's ID: |
71079k6l |
Document's hash: |
f74c6c3c57e0496b9e9b6f18d3c82b74d78401b3f3df1004d261914709105a84 |
Final stamp: |
25/05/2023, 11:45:32 BST |
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