Digitally Signed Document Document ID: E2028A8F5187B2
## Document Details:
|**Filename:**|EA4374L V2-Charities report.pdf|
|---|---|
|||
|**Client of:**|Jones Hunt & Keelings|
## Signature Details
|**Name:**|Rachel Lyden|
|---|---|
|||
|**Email:**|rachellyden@hotmail.co.uk|
|||
|**Date & Time:**|16/12/2023 07:50:48 AM (GMT)|
|||
|**IP Address:**|86.7.128.231|
|||
|**Signing Statement:**|Rachel Lyden agrees and approves the contents
of this document.|
## Digital Certificate
The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.
|**On behalf of:**|Jones Hunt & Keelings|
|---|---|
|||
|**PDF digital certificate:**|IRIS Software Group Limited|
|||
|**Digital certificate issued by:**|GlobalSign|
Please keep a copy of this document for your records. Jones Hunt & Keelings is powered by IRIS OpenSpace.
**REGISTERED COMPANY NUMBER: 08205128 (England and Wales) REGISTERED CHARITY NUMBER: 1150645**
**REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
**EARLY DAYS PRE-SCHOOL**
Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY
**EARLY DAYS PRE-SCHOOL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**||14||
**EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
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 March 2023. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities, and in particular, the specific guidance on charities for the advancement of Education.
The charity's purpose as set out in the objects contained in the company's memorandum of association are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
1) Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
2) Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs;
3) Instigating and adhering to and further the aims and objects of the Preschool Learning Alliance.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Pre-School has continued to enrol children in the local area. There are a wide mix of age ranges attending and we continue to attract children attending the nursery at Oughton School for lunches and the afternoon wraparound care.
A maximum of 30 children aged from their second up to their fifth birthday may attend the Pre-School at any one time. There were over 50 children on roll, all of whom are in the early years age range. The Pre-School receives government funding for early education places - this can be for 15 hours, 30 hours or 2 year old funding. It supports children with special educational needs and/or disabilities and those who speak English as an additional language, numbers of which are increasing. Up to 9 staff directly work with the children.
## **Fundraising activities**
We have completed the following fundraising activities this year and raised a total of £1,538.80 from these: The fundraising activities and the amounts raised included: Christmas Fundraising (Baubles, raffle, bonus ball) - £273.25 Toddle Waddle - £1,195.05 2x Photo Shoot commission - £65.00 Easter Cake sale - £5.50
The Toddle Waddle was a particularly successful fundraiser with limited adult input and we shall attempt it again in the next school year.
There have also been some additional ad hoc payments from parents towards our fundraising effort.
We have decided that we are not going to sell children's t-shirts as parents have not requested them.
Page 1
**EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **FINANCIAL REVIEW**
The total income for the period of trading was £162,240. The majority of the income for the Pre-School comes from Government funding for pre-school children (£143,941). The remainder is obtained from fees charged to parents (£18,298) and further fundraising/voluntary donations.
At 31 March 2023, we had net cash assets of £71,895 which are held in our bank accounts.
Parent session fees were increased in September 2022, to try and offset the increases in National Minimum Wage and National Insurance contributions and the rises in the general costs of living. The lunch club fees were increased in April 2023 and there are plans to again increase session fees in September 2023. We continue to remain competitive with other settings in the area.
Early Days Pre-School use a company called Peninsula for HR and Health & Safety Advice/support - these are invaluable services to the management to ensure we are meeting all our legal obligations. We also subscribe to the Employee Assistance Programme which provides support to staff via Health Assured.
At the time of the report, once again, our only ongoing debt remains the outstanding rent between April 2016 and November 2019. This was accrued whilst the lease was being negotiated and we could not pay as we were not invoiced. We have still not received an invoice for the rent owing between April 2016 and November 2019. This has been followed up by Early Days Pre-School with Carter Jonas, the company responsible for managing the lease and accounts on behalf of Hertfordshire County Council. The lease is due for renewal in November 2023 - this will likely result in an increase in rent payments.
During this financial year, an accounting system (FreeAgent) provided free through NatWest bank continues to be used to reconcile transactions and invoicing of parent fees, so payments made via BACS can be reconciled, making parent fee invoicing more robust. Most parents now pay via BACS rather than cash.
## **FUTURE PLANS**
Early Days Pre-School are continuing to enhance the setting in various ways, including the outdoor area.
There had been a request from the adjoining Oughton Family Centre that we have our own adult toilet within our setting, and the decision was made that it was not feasible as the adult toilet would be directly in the setting and not in a separate toilet block.
We also need to re-review our current alarm system so that we have our own independent system, rather than being linked with Oughton Family Centre. This was updated post year-end.
The covered outdoor classroom area needs to be updated and repaired and this is planned during the next financial year, using Fundraising funds where possible.
## **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.
The organisation is a charitable company limited by guarantee, incorporated on 6 September 2012 and has no share capital. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1 (one pound).
Page 2
**EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees/management committee**
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as the members of the Management Committee. Most members of the Management Committee give their time voluntarily and receive no benefits from the charity. One director, Mrs Paula Carr, the Pre-School manager, is a director and trustee but does not receive or will receive any remuneration for their trustee role and play no part in any management decisions that may directly affect them (eg salary rises). It is always the aim to recruit trustees from the parents of the children attending the Pre-School.
There have been several changes in the trustees/Directors during this reporting period: - 2 directors have resigned: o Miss Chloe Griffin. o Mrs Morena Aloisi
- No new directors were elected to the committee:
The management committee aim to meet at least 3 times a year. An agenda and minutes are produced with actions. Decisions of the committee can be either at meetings or via email discussions, and these email decisions are retained.
The committee members are responsible for making decisions on all matters of general concern and importance to Early Days Pre-School, including deciding on how the funds are to be spent. They are also responsible for ensuring appropriate remuneration of staff and payment of invoices. However, the day to day running, and planning activities of the Pre-School itself are primarily the responsibility of the Pre-School manager, with input from the committee, when necessary.
## **Organisational structure**
Early Days Pre-School was registered in November 2002 and became a Company limited by guarantee on 6 September 2012. On 5th November 2019, the name was officially changed from 'Early Days Playgroup' to 'Early Days Pre-School' in order to better reflect the activities that we do and service we provide. A new logo was also produced.
The Pre-School operates from a large, self-contained room on the site of Oughton Primary and Nursery School in Hitchin, which is in a designated area of deprivation. The children have access to an outdoor area and a covered outdoor classroom.
The Pre-School operates Monday to Friday during term times (38 weeks) between the hours of 8.45am and 3.15pm. This includes a morning and afternoon session of 3 hours each and a lunch club between 11.45am and 12.15pm. Children can attend for a variety of sessions. A maximum of 30 children aged between two and five years may attend the Pre-School at any one time. There can be up to 70 children on roll, all of whom are in the early years age range and the Pre-School receives funding for early education places. It supports children with special educational needs and/or disabilities and those who speak English as an additional language. To support these children, a member of staff became a dedicated SENDCo in April 2019.
Eight staff directly work with the children. Seven staff hold relevant National Vocational Qualifications (NVQs) at level 2 or 3 and receive additional appropriate training when required. One member of staff is a Level 3 Apprentice and should be qualified in 2024. An additional member of staff is employed as the Administrative Manager for both the committee and Pre-School staff. The Pre-School is registered with Ofsted on the Early Years Register and the compulsory and voluntary parts of the Childcare Register. All staff (including admin) who were working at Early Days completed their Paediatric First Aid Training in January 2022.
## **Risk management**
The directors/trustees have a duty to identify and review the risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
08205128 (England and Wales)
## **Registered Charity number**
1150645
## **Registered office**
Oughton Primary And Nursery School Mattocke Road Hitchin Hertfordshire SG5 2NZ
Page 3
**EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees**
Mrs D Mitchell Mrs M Aloisi (resigned 1.3.2023) Mrs P G Carr Mrs S King Miss R Lyden Miss J L Papapetrou Miss C E Griffin (resigned 1.3.2023) Miss T P Rivenell
## **Independent Examiner**
Alf Del Basso Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Early Days Pre-School for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 15 December 2023 and signed on its behalf by:
Miss R Lyden - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **Independent examiner's report to the trustees of Early Days Pre-School ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
Alf Del Basso
Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY
15 December 2023
Page 5
**EARLY DAYS PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**162,240**
Other trading activities
3
**2,742**
Investment income
4
**220**
**Total**
**165,202**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**26,636**
Staff costs
**144,771**
**Total**
**171,407**
**NET INCOME/(EXPENDITURE)**
**(6,205)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**75,331**
**TOTAL FUNDS CARRIED FORWARD**
**69,126**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**162,240**
**2,742**
**220**
**165,202**
**26,636**
**144,771**
**171,407**
**(6,205)**
**75,331**
**69,126**|2022
Total
funds
£
164,166
3,552
5|
|---|---|---|---|
||||167,723|
||||23,154
126,276|
||||149,430|
||||18,293
57,038|
||||75,331|
The notes form part of these financial statements
Page 6
## **EARLY DAYS PRE-SCHOOL (REGISTERED NUMBER: 08205128)**
## **BALANCE SHEET 31 MARCH 2023**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
9
**2,364**
**-**
**CURRENT ASSETS**
Debtors
10
**2,399**
**-**
Cash at bank
**71,895**
**-**
**74,294**
**-**
**CREDITORS**
Amounts falling due within one year
11
**(7,532)**
**-**
**NET CURRENT ASSETS**
**66,762**
**-**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**69,126**
**-**
**NET ASSETS**
**69,126**
**-**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|**2023**
**Total**
**funds**
**£**
**2,364**
**2,399**
**71,895**
**74,294**
**(7,532)**
**66,762**
**69,126**
**69,126**
**69,126**
**69,126**|2022
Total
funds
£
5,080
1,509
76,580
78,089
(7,838)
70,251
75,331
75,331
75,331
75,331|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 15 December 2023 and were signed on its behalf by:
R Lyden - Trustee
The notes form part of these financial statements
Page 7
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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.
The presentation currency of the financial statements is the pound sterling (£).
## **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.
|Improvements to property|- 20% on cost|
|---|---|
|Computer equipment|- 33% on cost|
## **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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Parents contributions
Funding|**2023**
**£**
**18,301**
**143,939**
**162,240**|2022
£
24,945
139,221|
|---|---|---|
|||164,166|
Funding obtained generally are shown as an incoming resource. Funding obtained specifically are offset against the resource expenditure in the period which it relates.
continued...
Page 8
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **3. OTHER TRADING ACTIVITIES**
|**3.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||Fundraising events|**2,742**|3,552|
|**4.**|**INVESTMENT INCOME**|||
|||**2023**|2022|
|||**£**|£|
||Interest receivable - trading|**220**|5|
|**5.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||**2023**|2022|
|||**£**|£|
||Depreciation - owned assets|**2,716**|3,156|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
Remuneration of £26,029 (2022 - £23,597) was paid to P Carr during the year for her role as Pre-School manager and OFSTED nominated person, no remuneration was received for her role as trustee.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **8.**
|Day care staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
155,336
Other trading activities
3,552
Investment income
5
**Total**
158,893
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
23,154
Staff costs
126,276
**Total**
149,430
**NET INCOME**
9,463
**Transfers between funds**
8,830|**2023**
**9**
Restricted
funds
£
8,830
-
-
8,830
-
-
-
8,830
(8,830)|2022
9
Total
funds
£
164,166
3,552
5|
|---|---|---|
|||167,723|
|||23,154
126,276|
|||149,430|
|||18,293
-|
continued...
Page 9
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**Net movement in funds**
18,293
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
57,038
-
**TOTAL FUNDS CARRIED FORWARD**
75,331
-
**9.**
**TANGIBLE FIXED ASSETS**
Improvements
to
Computer
property
equipment
£
£
**COST**
At 1 April 2022 and 31 March 2023
**9,459**
**3,829**
**DEPRECIATION**
At 1 April 2022
**5,203**
**3,005**
Charge for year
**1,892**
**824**
At 31 March 2023
**7,095**
**3,829**
**NET BOOK VALUE**
At 31 March 2023
**2,364**
**-**
At 31 March 2022
4,256
824
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
**2,117**
Prepayments and accrued income
**282**
**2,399**
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Social security and other taxes
**1,851**
Accruals and deferred income
**5,681**
**7,532**|Total
funds
£
18,293
57,038|
|---|---|
||75,331|
||Totals
£
**13,288**
**8,208**
**2,716**
**10,924**
**2,364**
5,080
2022
£
1,178
331
1,509
2022
£
1,096
6,742
7,838|
Deferred income totalling £22 relates to parent contributions made in advance for sessions post year end.
continued...
Page 10
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **12. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years
**13.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
At 1.4.21
£
**Unrestricted funds**
General fund
57,038
**Restricted funds**
Clubs
-
**TOTAL FUNDS**
57,038|At 1.4.22
£
**75,331**
**75,331**
Incoming
resources
£
**165,202**
**165,202**
Net
movement
in funds
£
9,463
8,830
18,293|**2023**
2022
**£**
£
**787**
1,049
**-**
787
**787**
1,836
Net
movement
At
in funds
31.3.23
£
£
**(6,205)**
**69,126**
**(6,205)**
**69,126**
Resources
Movement
expended
in funds
£
£
**(171,407)**
**(6,205)**
**(171,407)**
**(6,205)**
Transfers
between
At
funds
31.3.22
£
£
8,830
75,331
(8,830)
-
-
75,331|
|---|---|---|
continued...
Page 11
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **13. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
158,893
**Restricted funds**
Clubs
8,830
**TOTAL FUNDS**
167,723
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.4.21
in funds
£
£
**Unrestricted funds**
General fund
57,038
3,258
**Restricted funds**
Clubs
-
8,830
**TOTAL FUNDS**
57,038
12,088|Resources
Movement
expended
in funds
£
£
(149,430)
9,463
-
8,830
(149,430)
18,293
Transfers
between
At
funds
31.3.23
£
£
8,830
69,126
(8,830)
-
-
69,126|Resources
Movement
expended
in funds
£
£
(149,430)
9,463
-
8,830
(149,430)
18,293
Transfers
between
At
funds
31.3.23
£
£
8,830
69,126
(8,830)
-
-
69,126|Resources
Movement
expended
in funds
£
£
(149,430)
9,463
-
8,830
(149,430)
18,293
Transfers
between
At
funds
31.3.23
£
£
8,830
69,126
(8,830)
-
-
69,126|
|---|---|---|---|
|||18,293||
|||At
31.3.23
£
69,126
-
69,126||
||||69,126|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Clubs
**TOTAL FUNDS**|Incoming
resources
£
324,095
8,830
332,925|Resources
Movement
expended
in funds
£
£
(320,837)
3,258
-
8,830
(320,837)
12,088|Resources
Movement
expended
in funds
£
£
(320,837)
3,258
-
8,830
(320,837)
12,088|
|---|---|---|---|
||||12,088|
## **14. EMPLOYEE BENEFIT OBLIGATIONS**
The Charity operates an auto-enrolment pension scheme for the benefit of its employees. During the year, the Charity contributed £2,165 (2022 - £1,665).
continued...
Page 12
**EARLY DAYS PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
## **16. ULTIMATE CONTROLLING PARTY**
The charity is controlled by the trustees.
Page 13
**EARLY DAYS PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Parents contributions
Funding
**Other trading activities**
Fundraising events
**Investment income**
Interest receivable - trading
**Total incoming resources**
**EXPENDITURE**
**Staff costs**
Wages
Social security
Pensions
Training
**Support costs**
**Management**
Purchases
Insurance
Telephone
Postage and stationery
Sundries
Subscriptions
**Finance**
Bank charges
Bad debts
**Information technology**
Computer expenses
**Property expenditure**
Premises costs
Improvements to property
Computer equipment
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2023
£
**18,301**
**143,939**
**162,240**
**2,742**
**220**
**165,202**
**139,379**
**3,180**
**2,165**
**47**
**144,771**
**4,535**
**1,087**
**1,312**
**459**
**1,406**
**4,711**
**13,510**
**349**
**42**
**391**
**585**
**6,301**
**1,892**
**824**
**9,017**
**3,133**
**171,407**
**(6,205)**|2022
£
24,945
139,221|
|---|---|---|
|||164,166
3,552
5|
|||167,723
120,999
2,400
1,665
1,212|
|||126,276
4,196
883
873
306
1,047
4,801|
|||12,106
420
-|
|||420
386
4,351
1,892
1,264|
|||7,507
2,735|
|||149,430|
|||18,293|
This page does not form part of the statutory financial statements
Page 14