**REGISTERED COMPANY NUMBER: 08275520 (England and Wales) REGISTERED CHARITY NUMBER: 1151608**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2020
## for
Middleton Cheney Pre-school Limited
S A Gale The Tile House Marston St lawrence Banbury Oxfordshire OX17 2DA
Middleton Cheney Pre-school Limited
Contents of the Financial Statements for the Year Ended 31 August 2020
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|5|
|Independent Examiner's Report||6||
|Statement of Financial Activities||7||
|Balance Sheet|8|to|9|
|Notes to the Financial Statements|10|to|16|
|Detailed Statement of Financial Activities|17|to|18|
Middleton Cheney Pre-school Limited
## Report of the Trustees
## for the Year Ended 31 August 2020
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 2020. 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**
.
To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by
a. Offering appropriate play education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups , ensuring the such groups offer opportunities for children whatever their race, culture, religion , means or ability.
b. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
c. Instigating and adhering to and furthering the aims and objectives of the pre-school learning alliance.
## **Public benefit**
The trustees have due regard to guidance published by the Charities Commission on public benefit.
## **Volunteers**
We have a number of volunteers such as fundraisers and management team. The management team work hard to help make decisions on keeping the Pre school running. The fundraisers can do anything from advertising events, helping out at events and gaining match funding.
Page 1
Middleton Cheney Pre-school Limited
## Report of the Trustees for the Year Ended 31 August 2020
## **ACHIEVEMENT AND PERFORMANCE Charitable activities Middleton Cheney Pre-school Limited Managers and Directors End of Year Report**
The academic year 2019-2020 was certainly memorable, but one which really showed our team pull together and work through testing times giving the best care and education we could in very difficult circumstances.
Our pupil figures were good starting in September 2019, where we ran at 83% occupancy and welcomed 23 new starters. This rose to 96% occupancy by January 2020 when we welcomed 13 more new starters. In July, 39 children left for school or other settings with the majority going to the village school, and a couple going to King Sutton and Culworth Primary Schools.
Uncharacteristically for our setting, staffing was changeable last year, with Kim going on Maternity Leave in October and Gemma deciding not to return after her maternity leave in March 2020. Thankfully Kim's Maternity Leave was brilliantly covered by Leanne O'Neill who came to us for the year, and Gemma's maternity leave was covered by Chrystal Harrison and Caroline Cromack. Chrystal has now taken on a full-time position with us. Eleanor left us in July, and we appointed 3 new members of staff to start with us in September 2020. Staff undertook training in Safeguarding and First Aid and Chrystal completed her Level 3 Early Years Educator qualification.
November 2019 saw our long-awaited OFSTED inspection under the much tougher new framework, and we were delighted to achieve 'Good' in all areas and we felt that the report gives a true picture of what it's like to be as a child at Middleton Cheney Pre School Ltd. The Inspector stated that "Children are happy and feel safe and secure at the welcoming Pre School" and "The Pre School Staff are passionate and committed to providing good standards of care and learning". Our two action points were minor and easily corrected.
The end of March 2020 saw the imposing of Lockdown due to COVID-19. The setting characteristically, rose to the challenge this presented, and continued to provide care and education for those who needed it. Initially just for the children of keyworkers and those with additional needs, but then from June opening it up to all children albeit with a cap on numbers. It should also be noted that we were able to help a child from a neighbouring setting which was closed due to low numbers and offer her a temporary place at our Pre School.
On leaving, her mother wrote us a card in which she stated "Just wanted to say thank you for making my child's few weeks at Pre School very happy. I will never forget the kindness and caring way you have treated her".
The lockdown obviously caused huge disruption and a lot of extra work in terms of planning and risk assessment, but we are pleased to say that we got through it and felt more confident as we looked towards September 2020 and opening with larger numbers. Parents were very appreciative of all the effort we put in during this difficult time, and as it meant, for some, that they could continue to work, even if it was home based.
One of the downsides of the lockdown and the 'No visitor' policy, was the fact that we could not implement our usual transition programs, whether it was our older children's transition to school, or our new starter program with children starting with us in September. There were concerns that the start in September both at school and at Pre School may be more tricky, as children readjusted to school/preschool life, however, we are pleased to report that by offering flexibility and increasing staffing, we were able to still provide as smooth a transition as possible in difficult circumstances.
Due to Lockdown, we were not able to carry out some of our usual events and activities, such as the Easter. Eggstravaganza and Leaver's Presentation and also, very sadly were not able to visit our friends at Cheney.
House. We look forward to a time when we are able to resume these activities but for the moment our priority has to be keeping everyone safe and limiting risk.
Perhaps inevitably, the lockdown has had an impact on our finances due to reduced numbers and increasing staffing to cover additional measures, unfortunately fundraising events have also been limited. The Pre-School are currently putting together a plan for future fundraising events to cover income lost.
Page 2
Middleton Cheney Pre-school Limited
## Report of the Trustees for the Year Ended 31 August 2020
## **ACHIEVEMENT AND PERFORMANCE Fundraising activities**
Despite having to cancel our 2020 Easter Eggstravaganza, we were very fortunate to still raise just over £4,000 within our fundraising events. These were the Christmas float, donations from local companies or
organisations, the Christmas hamper raffle and children's disco. This year a donation from the Christmas float money was given to the Primary School who supported us with this activity. Details of these and other fundraising activities can be found below.
The money that was donated and raised, meant we could replace our much-loved home corner furniture and the new fence panels for the garden have enhanced our garden area greatly. We are so thankful for all the support we received and the donations which this year included an amazing balance bike from the Canning family and a mud kitchen and friendship bench from Roger Gibbs.
|**Activities**|**Monies Raised**|
|---|---|
||£|
|Xmas card order|111.00|
|Commission from photography ( June 2019)|201.00|
|Commission, Tesco uniform sale|64.53|
|Christmas Float (inc £647.30 restricted MCPA)|1941.89|
|Hamper|301.70|
|Disco|294.60|
|Easter Egg|851.50|
|Matched Funding|708.50|
|Parents donations towards anxiety packs|71.00|
|**Total**|**4545.72**|
|Fundraising costs/ expenses|(326.02)|
|**Donations Received**||
|Shire Homes|500.00|
|Howdens Joinery|250.00|
|**Total**|**750.00**|
|**Specified Fundraising Purchases**||
|New CD Bluetooth music system|55.99|
|New books for library corner|36.00|
|Donation for standing in the gap anxiety talk|100.00|
|Standing in the gap work packs (partly covered by parents donations)|128.00|
|T-shirts for new starters|183.20|
|**Treated as fixed asset additions:-**||
|Community playthings, new home corner kitchen|1218.00|
|Moveable fence panels|400.00|
|**Total**|**2121.19**|
So, in summary, the Year 2019-2020 was indeed an eventful one, but we got through it, and we approach the year 2020-2021 with optimism, confidence and with a strong team. Particular thanks this year must go to our amazing staff who have worked and continue to work in very difficult circumstances. They continue to put the needs of the children and their families at the forefront of everything they do, without complaint and without question. We are truly blessed by having such a dedicated and committed group of people working for us.
Page 3
Middleton Cheney Pre-school Limited
## Report of the Trustees for the Year Ended 31 August 2020
## **ACHIEVEMENT AND PERFORMANCE**
Within the Management Team, Kate Bannister and Taiba Smith continued as Directors with John Taylor continuing with anything to do with the potential building sale which has been on hold for more than a year now. Ali Collier, James Cromack, Vikki Harris and Frankie Martin continued on the management team with Vikki and Frankie stepping down in the summer of 2020. We would like to take this opportunity to thank the Directors and Management Team for all their hard work and support behind the scenes during this difficult time. The work they do often goes unseen but is certainly recognised by the staff and is very much appreciated.
Finally, we would like to thank our wonderful parents/carers for their continued support of Middleton Cheney Pre School Ltd.
## **FINANCIAL REVIEW**
## **Reserves policy**
Reserves are held sufficient to ensure that the charity is able to operate and function during periods of lower income with amounts also set aside to cover unexpected events.
We implemented a Reserves Policy early on in the financial year in order to cover us for any periods where we have to work at lower income. A sufficient reserve amount will be allocated in order to ensure sustained work. The reserve amount will be set aside for unexpected events, for example, redundancies, lower occupancy levels, emergencies, relocation of building or source funding not being available. In the event of reserves falling significantly below the required level, the setting will restore the reserves as soon as possible by increasing fundraising, increasing earned income and reducing expenditure. If reserves are significantly above target level, the setting will put in place a plan as soon as possible, aiming to eliminate the excess within four years on enhancing the quality of the setting or by reducing fundraising.
Movements on each of the Charity's funds are detailed in note 14 to the accounts
## **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.
## **Recruitment and appointment of new trustees**
The appointment of new Trustees is carried out in accordance with the Charities Articles of association Any person who is willing to act as a director, and is permitted by law to do so, may be appointed to be a director-
(a) by ordinary resolution, or
(b) by a decision of the directors.
(2) In any case where, as a result of death, the company has no members and no directors, the personal representatives of the last member to have died have the right, by notice in writing, to appoint a person to be a director.
(3) For the purposes of paragraph (2), where 2 or more members die in circumstances rendering it uncertain who was the last to die, a younger member is deemed to have survived an older member.
Chairman is appointed by the directors
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
08275520 (England and Wales)
## **Registered Charity number**
1151608
Page 4
Middleton Cheney Pre-school Limited
Report of the Trustees for the Year Ended 31 August 2020
## **Registered office**
Middleton Cheney Preschool Main road Middleton Cheney Banbury Oxfordshire OX17 2PD
## **Trustees**
Dr J A Taylor Mrs K J Bannister Mrs T M Smith
## **Company Secretary**
Mrs E L A Thomas
## **Independent Examiner**
S A Gale ICAEW S A Gale The Tile House Marston St lawrence Banbury Oxfordshire OX17 2DA
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 27 April 2021 and signed on its behalf by:
Dr J A Taylor - Trustee
Page 5
## Independent Examiner's Report to the Trustees of Middleton Cheney Pre-school Limited
## **Independent examiner's report to the trustees of Middleton Cheney Pre-school Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
## **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.
S A Gale ICAEW S A Gale The Tile House Marston St lawrence Banbury Oxfordshire OX17 2DA
27 April 2021
Page 6
Middleton Cheney Pre-school Limited
## Statement of Financial Activities
## (Incorporating an Income and Expenditure Account) for the Year Ended 31 August 2020
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
750
**Charitable activities**
3
Preschool
163,618
Other trading activities
2
3,898
Other income
79
**Total**
168,345
**EXPENDITURE ON**
Raising funds
332
**Charitable activities**
Preschool
170,485
**Total**
170,817
**NET INCOME/(EXPENDITURE)**
(2,472)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
82,614
**TOTAL FUNDS CARRIED FORWARD**
80,142|Restricted
funds
£
-
-
647
-
647
-
647
647
-
-
-|31.8.20
Total
funds
£
750
163,618
4,545
79
168,992
332
171,132
171,464
(2,472)
82,614
80,142|31.8.19
Total
funds
£
811
186,911
7,766
880|
|---|---|---|---|
||||196,368
1,832
176,948|
||||178,780|
||||17,588
65,026|
||||82,614|
The notes form part of these financial statements
Page 7
Middleton Cheney Pre-school Limited
## Balance Sheet
|**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Debtors
Cash at bank
**CREDITORS**
Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|31 August 2020
31.8.20
31.8.19
Unrestricted
Restricted
Total
Total
fund
funds
funds
funds
Notes
£
£
£
£
8
6,283
-
6,283
9,722
9
1,574
-
1,574
756
72,968
-
72,968
72,133
74,542
-
74,542
72,889
10
(683)
-
(683)
3
73,859
-
73,859
72,892
80,142
-
80,142
82,614
80,142
-
80,142
82,614
12
80,142
82,614
80,142
82,614|31 August 2020
31.8.20
31.8.19
Unrestricted
Restricted
Total
Total
fund
funds
funds
funds
Notes
£
£
£
£
8
6,283
-
6,283
9,722
9
1,574
-
1,574
756
72,968
-
72,968
72,133
74,542
-
74,542
72,889
10
(683)
-
(683)
3
73,859
-
73,859
72,892
80,142
-
80,142
82,614
80,142
-
80,142
82,614
12
80,142
82,614
80,142
82,614|
|---|---|---|
|||72,889
3|
|||72,892|
|||82,614|
|||82,614|
|||82,614|
|||82,614|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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.
The notes form part of these financial statements
continued...
Page 8
Middleton Cheney Pre-school Limited
## Balance Sheet - continued
## 31 August 2020
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 27 April 2021 and were signed on its behalf by:
J A Taylor - Trustee
K J Bannister - Trustee
T M Smith - Trustee
The notes form part of these financial statements
Page 9
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements
## for the Year Ended 31 August 2020
## **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 charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
- the requirement of paragraph 33.7.
## **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.
## **Governance costs**
Include the cost of the preparation and examination of the statutory accounts, the cost of Trustee meetings and the cost of any legal advice to Trustees on governance or constitutional matters.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost Computer equipment - 25% 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.
continued...
Page 10
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **1. ACCOUNTING POLICIES - continued**
## **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. OTHER TRADING ACTIVITIES**
|Fundraising events
**3.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
NCC Preschool Funding
Preschool
Admissions
Preschool
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Independent Examination
Depreciation - owned assets|31.8.20
£
4,545
31.8.20
£
130,144
33,474
163,618
31.8.20
£
600
5,870|31.8.19
£
7,766
31.8.19
£
153,307
33,604|
|---|---|---|
|||186,911|
|||31.8.19
£
600
5,266|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
continued...
Page 11
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
|**6.**
**STAFF COSTS**
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Pre school staff
No employees received emoluments in excess of £60,000.
**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
811
**Charitable activities**
Preschool
186,911
Other trading activities
7,766
Other income
880
**Total**
196,368
**EXPENDITURE ON**
Raising funds
1,832
**Charitable activities**
Preschool
176,948
**Total**
178,780
**NET INCOME**
17,588
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
65,026
**TOTAL FUNDS CARRIED FORWARD**
82,614|31.8.20
£
122,360
2,102
1,506
125,968
31.8.20
13
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-|31.8.19
£
123,696
1,819
1,201
126,716
31.8.19
13
Total
funds
£
811
186,911
7,766
880
196,368
1,832
176,948
178,780
17,588
65,026
82,614|31.8.19
£
123,696
1,819
1,201
126,716
31.8.19
13
Total
funds
£
811
186,911
7,766
880
196,368
1,832
176,948
178,780
17,588
65,026
82,614|
|---|---|---|---|
||||196,368
1,832
176,948|
||||178,780|
||||17,588
65,026|
||||82,614|
continued...
Page 12
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued
## for the Year Ended 31 August 2020
## **8. TANGIBLE FIXED ASSETS**
|**8.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||Fixtures,|||
|||fittings|Computer||
|||& equipment|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1 September 2019|14,119|11,016|25,135|
||Additions|1,617|814|2,431|
||Disposals|(168)|(973)|(1,141)|
||At 31 August 2020|15,568|10,857|26,425|
||**DEPRECIATION**||||
||At 1 September 2019|9,110|6,303|15,413|
||Charge for year|3,417|2,453|5,870|
||Eliminated on disposal|(168)|(973)|(1,141)|
||At 31 August 2020|12,359|7,783|20,142|
||**NET BOOK VALUE**||||
||At 31 August 2020|3,209|3,074|6,283|
||At 31 August 2019|5,009|4,713|9,722|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.20|31.8.19|
||||£|£|
||Trade debtors||964|146|
||Prepayments||610|610|
||||1,574|756|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.20|31.8.19|
||||£|£|
||Social security and other taxes||-|(474)|
||Nest Pension||(51)|(51)|
||Other creditors||135|(79)|
||Accruals and deferred income||599|601|
||||683|(3)|
continued...
Page 13
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued
## for the Year Ended 31 August 2020
## **11. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
||31.8.20|31.8.19|
|---|---|---|
||£|£|
|Within one year|9,250|9,250|
|Between one and five years|37,000|37,000|
|In more than five years|15,078|24,354|
||61,328|70,604|
The Middleton Cheney Preschool Limited have the lease of their preschool buildings with Northampton County Council for ten years from April 2017 with a break clause after 5 years.
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Middleton Cheney PA Joint fundraising
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.19
£
82,614
82,614
Incoming
resources
£
168,345
647
168,992
At 1.9.18
£
65,026
65,026|Net
movement
At
in funds
31.8.20
£
£
(2,472)
80,142
(2,472)
80,142
Resources
Movement
expended
in funds
£
£
(170,817)
(2,472)
(647)
-
(171,464)
(2,472)
Net
movement
At
in funds
31.8.19
£
£
17,588
82,614
17,588
82,614|Net
movement
At
in funds
31.8.20
£
£
(2,472)
80,142
(2,472)
80,142
Resources
Movement
expended
in funds
£
£
(170,817)
(2,472)
(647)
-
(171,464)
(2,472)
Net
movement
At
in funds
31.8.19
£
£
17,588
82,614
17,588
82,614|Net
movement
At
in funds
31.8.20
£
£
(2,472)
80,142
(2,472)
80,142
Resources
Movement
expended
in funds
£
£
(170,817)
(2,472)
(647)
-
(171,464)
(2,472)
Net
movement
At
in funds
31.8.19
£
£
17,588
82,614
17,588
82,614|
|---|---|---|---|---|
||||(2,472)||
||||At
31.8.19
£
82,614
82,614||
|||||82,614|
continued...
Page 14
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
196,368
196,368|Resources
Movement
expended
in funds
£
£
(178,780)
17,588
(178,780)
17,588|Resources
Movement
expended
in funds
£
£
(178,780)
17,588
(178,780)
17,588|
|---|---|---|---|
||||17,588|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.18|in funds|31.8.20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|65,026|15,116|80,142|
|**TOTAL FUNDS**|65,026|15,116|80,142|
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**
Middleton Cheney PA Joint fundraising
**TOTAL FUNDS**|Incoming
resources
£
364,713
647
365,360|Resources
Movement
expended
in funds
£
£
(349,597)
15,116
(647)
-
(350,244)
15,116|Resources
Movement
expended
in funds
£
£
(349,597)
15,116
(647)
-
(350,244)
15,116|
|---|---|---|---|
||||15,116|
Page 15
continued...
Middleton Cheney Pre-school Limited
## Notes to the Financial Statements - continued for the Year Ended 31 August 2020
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2020.
## **14. ULTIMATE CONTROLLING PARTY**
The Charitable company limited by guarantee has at present no members and is under the control of its Trustees
Page 16
Middleton Cheney Pre-school Limited
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 August 2020|||
||31.8.20|31.8.19|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|750|811|
|**Other trading activities**|||
|Fundraising events|4,545|7,766|
|**Charitable activities**|||
|NCC Preschool Funding|130,144|153,307|
|Admissions|33,474|33,604|
||163,618|186,911|
|**Other income**|||
|Uniform sales|79|597|
|Contributions towards donation s made and|||
|expenses|-|283|
||79|880|
|**Total incoming resources**|168,992|196,368|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Fund raising event costs|332|975|
|Uniform purchases|-|857|
||332|1,832|
|**Charitable activities**|||
|Wages|122,360|123,696|
|Social security|2,102|1,819|
|Pensions|1,506|1,201|
|Rent and rates|9,997|8,279|
|Insurance|1,407|1,119|
|Light and heat|680|455|
|Telephone|711|799|
|Postage and stationery|1,359|1,473|
|Sundries|1,642|1,721|
|Consumables|1,823|2,199|
|Toys and equipment|566|799|
|Cleaning and hygiene provision|7,869|6,221|
|Snacks and drinks|1,596|2,473|
|Office equipment repairs|374|649|
|Carried forward|153,992|152,903|
This page does not form part of the statutory financial statements
Page 17
Middleton Cheney Pre-school Limited
## Detailed Statement of Financial Activities
|**Charitable activities**
Brought forward
Staff training and travel
Subscriptions and licences
Professional fees
Bank charges
Bad Debts
Repairs and renewals
Computer consumables
Application of fundraising
Depn of fixtures & fittings
Depn of computer equipment
**Support costs**
**Management**
Advertising
**Governance costs**
Independent examination
Total resources expended
**Net (expenditure)/income**|for the Year Ended 31 August 2020
31.8.20
31.8.19
£
£
153,992
152,903
872
1,248
2,718
1,753
510
792
20
-
(946)
1,164
6,564
5,469
428
916
503
6,467
3,418
3,255
2,453
2,251
170,532
176,218
-
130
600
600
171,464
178,780
(2,472)
17,588|for the Year Ended 31 August 2020
31.8.20
31.8.19
£
£
153,992
152,903
872
1,248
2,718
1,753
510
792
20
-
(946)
1,164
6,564
5,469
428
916
503
6,467
3,418
3,255
2,453
2,251
170,532
176,218
-
130
600
600
171,464
178,780
(2,472)
17,588|
|---|---|---|
|||176,218
130
600|
|||178,780|
|||17,588|
This page does not form part of the statutory financial statements
Page 18