COMPANY REGISTRATION NUMBER: 08260917 CHARITY REGISTRATION NUMBER: 1152296
Ladybird Forest Pre-School Ampthill Company Limited by Guarantee Unaudited Financial Statements
31 August 2022
EXCEL ACCOUNTANTS (BEDS) LTD
Chartered accountants Excel House 3 Duke Street Bedford MK40 3HR
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 21 |
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2022.
Reference and administrative details
Registered charity name Ladybird Forest Pre-School Ampthill Charity registration number 1152296 Company registration number 08260917 Principal office and registered C/O Russell Lower School office Queens Road Ampthill Beds MK45 2TD
The trustees
Ms L M Dagley Ms C Kou-Barrett Ms R McGough Ms C Perrett Ms M Norman Independent examiner Mrs S Camiah Excel Accountants (Beds) Ltd Excel House 3 Duke Street Bedford MK40 3HR
Structure, governance and management
The pre-school is a charitable company governed by its memorandum and articles of association and it operates in accordance with its trust deed established by the Pre-School Learning Alliance.
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day project is managed and carried out by employees.
Objectives and activities
Ladybird Forest Pre-School Ampthill aims to provide a safe, secure and stimulation environment, and works within a framework which ensures equality of opportunity for all children and families. Ladybird Forest Pre-School Ampthill serves Ampthill and the surrounding area and all are welcome to join.
1
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2022
Objectives and activities (continued)
Achievements and performance
The Pre-School continues to be extremely popular, operating at full capacity for all sessions throughout the year and maintains a healthy waiting list.
Financial review
Following the negative impact the pandemic had on the organisation’s finances in the previous financial year, the Pre-School has worked to restore its financial health. The Pre-School recorded a small deficit of £1,034.
How this was achieved
Staff costs decreased by approximately £16,000 from the previous financial year, bringing costs more in line with pre-pandemic levels. The organisation introduced a range of methods to reduce spending, including training, consumables, equipment and insurance fees. The Pre-School continues to pay off the Bounce Back loan in monthly instalments.
Income increased by £5,000. The Pre-School also introduced a new donation model to run alongside the fees paid by parents and carers, which helped to increase donations by £6,000. In addition to the term-time offering, the Pre-School provided Holiday Clubs for six weeks of the year.
The Pre-Schools Christmas fundraising efforts were restricted by the pandemic, but this was followed by a successful Easter fundraising initiative.
Plans were made to increase income in following financial years by increasing fees and the donation model.
Plans for future periods
Having recouped the losses incurred during the pandemic, the Pre-School plans to continue to save to refurbish the children’s toilets. Once the toilets have been refurbished, there are further plans to improve the outside space and Forest School. In addition, the roof of the building will need to be replaced in its entirety at some stage in the future.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 24 April 2023 and signed on behalf of the board of trustees by:
2
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2022
Objectives and activities (continued)
Ms C Kou-Barratt Trustee
3
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Ladybird Forest Pre-School Ampthill
Year ended 31 August 2022
I report to the trustees on my examination of the financial statements of Ladybird Forest Pre-School Ampthill ('the charity') for the year ended 31 August 2022.
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
Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of 'named body' which is one of the listed bodies.
4
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Ladybird Forest Pre-School
Ampthill (continued)
Year ended 31 August 2022
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
Mrs S Camiah
Excel Accountants (Beds) Ltd Independent Examiner
Excel House 3 Duke Street Bedford MK40 3HR
5
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2022
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 197,141 | 197,141 | 186,032 |
| Other trading activities | 6 | 81,548 | 81,548 | 87,274 |
| Investment income | 7 | 14 | 14 | 5 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 278,703 | 278,703 | 273,311 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 8 | 1,557 | 1,557 | 4,691 |
| Expenditure on charitable activities | 9,10 | 278,180 | 278,180 | 308,136 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 279,737 | 279,737 | 312,827 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net expenditure and net movement in funds | (1,034) | (1,034) | (39,516) | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 70,555 | 70,555 | 110,071 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 69,521 | 69,521 | 70,555 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
6
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Statement of Financial Position
31 August 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 32,775 | 58,909 |
| Current assets | |||
| Stocks | 17 | 780 | 780 |
| Debtors | 18 | 12,218 | 5,756 |
| Cash at bank and in hand | 60,150 | 45,494 | |
| ---------------------------- | ---------------------------- | ||
| 73,148 | 52,030 | ||
| Creditors: amounts falling due within one year | 19 | 20,505 | 20,739 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 52,643 | 31,291 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 85,418 | 90,200 | |
| Creditors: amounts falling due after more than one year | 20 | 15,897 | 19,645 |
| ---------------------------- | ---------------------------- | ||
| Net assets | 69,521 | 70,555 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 69,521 | 70,555 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 22 | 69,521 ============================ |
70,555 ============================ |
For the year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 9 to 17 form part of these financial statements.
7
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2022
These financial statements were approved by the board of trustees and authorised for issue on 24 April 2023, and are signed on behalf of the board by:
Ms C Kou-Barratt Trustee
The notes on pages 9 to 17 form part of these financial statements.
8
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is C/O Russell Lower School, Queens Road, Ampthill, Beds, MK45 2TD.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
9
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
10
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - 12% straight line Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
11
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and therefore has no issued share capital.
12
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
5. Donations and legacies
| Unrestricted | Total Funds | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Core funding | 188,685 | 188,685 | 181,178 | 181,178 | |
| Donations | 6,241 | 6,241 | 214 | 214 | |
| Grants | |||||
| Grants receivable | 2,215 | 2,215 | 4,640 | 4,640 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 197,141 | 197,141 | 186,032 | 186,032 | ||
| ================================ | ================================ | ================================ | ================================ |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Fundraising events | 17,094 | 17,094 | 11,835 | 11,835 |
| Fee income | 64,422 | 64,422 | 74,749 | 74,749 |
| Other income | 32 | 32 | 690 | 690 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 81,548 | 81,548 | 87,274 | 87,274 | |
| ============================ | ============================ | ============================ | ============================ | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 14 | 14 | 5 | 5 |
| ============== | ============== | ============== | ============== | |
| Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Costs of other trading activities - | ||||
| Membership schemes and social | ||||
| lotteries | 770 | 770 | 1,362 | 1,362 |
| Costs of other trading activities - | ||||
| Staging events | 787 | 787 | 3,329 | 3,329 |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 1,557 | 1,557 | 4,691 | 4,691 | |
| ======================= | ======================= | ======================= | ======================= |
7. Investment income
8. Costs of other trading activities
13
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
9. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Activity type 1 | 216,528 | 216,528 | 244,135 | 244,135 | |
| Support costs | 61,652 | 61,652 | 64,001 | 64,001 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 278,180 | 278,180 | 308,136 | 308,136 | ||
| ================================ | ================================ | ================================ | ================================ | ||
| 10. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Support |
Total funds | Total fund | ||
| directly | costs | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Activity type 1 | 216,528 | 61,652 | 278,180 | 308,136 | |
| ================================ | ============================ | ================================ | ================================ | ||
| 11. | Analysis of support costs | ||||
| Analysis of | |||||
| support costs | |||||
| activity 1 | Total 2022 | Total 2021 | |||
| £ | £ | £ | |||
| Premises | 16,961 | 16,961 | 18,747 | ||
| Communications and IT | 918 | 918 | 1,678 | ||
| General office | 1,645 | 1,645 | 4,927 | ||
| Human resources | 810 | 810 | 894 | ||
| Finance costs | 487 | 487 | 570 | ||
| Governance costs | 2,929 | 2,929 | 1,175 | ||
| Support costs - Other costs type 1 | 14,144 | 14,144 | 36,010 | ||
| ---------------------------- | ---------------------------- | ---------------------------- | |||
| 37,894 | 37,894 | 64,001 | |||
| ============================ | ============================ | ============================ | |||
| 12. | Net expenditure | ||||
| Net expenditure is stated after charging/(crediting): | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 26,686 | 26,609 | |||
| ============================ | ============================ | ||||
| 13. | Independent examination fees | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | – ============== |
1,175 ======================= |
14
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 202,725 | 219,480 |
| Social security costs | 4,498 | 7,143 |
| Employer contributions to pension plans | 2,304 | 2,692 |
| -------------------------------- | -------------------------------- | |
| 209,527 | 229,315 | |
| ================================ | ================================ |
The average head count of employees during the year was 26 (2021: 29). The average number of full-time equivalent employees during the year is analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Number of staff - Teaching staff | 24 | 27 |
| Number of staff - Administrative staff | 2 | 2 |
| -------------- | -------------- | |
| 26 | 29 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Tangible fixed assets
| Long | |||
|---|---|---|---|
| leasehold | |||
| property | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 September 2021 | 210,900 | 5,094 | 215,994 |
| Additions | – | 552 | 552 |
| -------------------------------- | ----------------------- | -------------------------------- | |
| At 31 August 2022 | 210,900 | 5,646 | 216,546 |
| ================================ | ======================= | ================================ | |
| Depreciation | |||
| At 1 September 2021 | 152,731 | 4,354 | 157,085 |
| Charge for the year | 26,363 | 323 | 26,686 |
| -------------------------------- | ----------------------- | -------------------------------- | |
| At 31 August 2022 | 179,094 | 4,677 | 183,771 |
| ================================ | ======================= | ================================ | |
| Carrying amount | |||
| At 31 August 2022 | 31,806 | 969 | 32,775 |
| ================================ | ======================= | ================================ | |
| At 31 August 2021 | 58,169 | 740 | 58,909 |
| ================================ | ======================= | ================================ |
15
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
17. Stocks
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables | 780 | 780 | |
| ============== | ============== | ||
| 18. | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | 6,462 | – | |
| Other debtors | 5,756 | 5,756 | |
| ---------------------------- | ----------------------- | ||
| 12,218 | 5,756 | ||
| ============================ | ======================= | ||
| 19. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Bank loans and overdrafts | 1,874 | – | |
| Trade creditors | 15,470 | 17,008 | |
| Accruals and deferred income | 1,200 | 1,080 | |
| Social security and other taxes | 1,961 | 2,651 | |
| ---------------------------- | ---------------------------- | ||
| 20,505 | 20,739 | ||
| ============================ | ============================ | ||
| 20. | Creditors: amounts falling due after more than one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Bank loans and overdrafts | 15,897 | 19,645 | |
| ============================ | ============================ |
21. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,304 (2021: £2,692).
16
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
22. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 | September | 31 August 2 | ||
| 2021 | Income | Expenditure | 022 | |
| £ | £ | £ | £ | |
| General funds | (82,557) | 278,703 | (279,737) | (83,591) |
| Unrestricted fund 2 - desc in a/cs | 153,112 | – | – | 153,112 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 70,555 | 278,703 | (279,737) | 69,521 | |
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 | September | 31 August 20 | ||
| 2020 | Income | Expenditure | 21 | |
| £ | £ | £ | £ | |
| General funds | (43,041) | 273,311 | (312,827) | (82,557) |
| Unrestricted fund 2 - desc in a/cs | 153,112 | – | – | 153,112 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 110,071 | 273,311 | (312,827) | 70,555 | |
| ================================ | ================================ | ================================ | ================================ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 32,775 | 32,775 | ||
| Current assets | 73,148 | 73,148 | ||
| Creditors less than 1 year | (20,505) | (20,505) | ||
| Creditors greater than 1 year | (15,897) | (15,897) | ||
| ---------------------------- | ---------------------------- | |||
| Net assets | 69,521 | 69,521 | ||
| ============================ | ============================ | |||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Tangible fixed assets | 58,909 | 58,909 | ||
| Current assets | 52,030 | 52,030 | ||
| Creditors less than 1 year | (20,739) | (20,739) | ||
| Creditors greater than 1 year | (19,645) | (19,645) | ||
| ---------------------------- | ---------------------------- | |||
| Net assets | 70,555 | 70,555 | ||
| ============================ | ============================ |
23. Analysis of net assets between funds
17
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Management Information
Year ended 31 August 2022
The following pages do not form part of the financial statements.
18
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Core funding | 188,685 | 181,178 |
| Donations | 6,241 | 214 |
| Grants receivable | 2,215 | 4,640 |
| -------------------------------- | -------------------------------- | |
| 197,141 | 186,032 | |
| -------------------------------- | -------------------------------- | |
| Other trading activities | ||
| Fundraising events | 17,094 | 11,835 |
| Fee income | 64,422 | 74,749 |
| Other income | 32 | 690 |
| ---------------------------- | ---------------------------- | |
| 81,548 | 87,274 | |
| ---------------------------- | ---------------------------- | |
| Investment income | ||
| Bank interest receivable | 14 | 5 |
| -------------- | -------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 278,703 | 273,311 |
| ================================ | ================================ |
19
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of other trading activities | ||
| Fundraising costs | 1,557 | 4,691 |
| -------------------------------- | -------------------------------- | |
| Expenditure on charitable activities | ||
| Wages and salaries | 202,725 | 219,480 |
| Employer's NIC | 4,498 | 7,143 |
| Pension costs | 2,304 | 2,692 |
| Rates and water | 139 | 389 |
| Light and heat | 2,698 | 1,715 |
| Repairs and maintenance | 7,410 | 8,253 |
| Insurance | 3,048 | 2,503 |
| Other establishment | 3,666 | 5,888 |
| Legal and professional fees | 1,305 | 1,520 |
| Telephone | 918 | 1,678 |
| Other office costs | 1,645 | 4,927 |
| Depreciation | 26,686 | 26,609 |
| Interest on bank loans and overdrafts | 255 | – |
| Other interest payable and similar charges | 487 | 570 |
| Accountancy | 2,929 | 1,175 |
| Miscellaneous expenses etc | 2,623 | 2,894 |
| Training | 899 | 4,563 |
| Staff Uniform | 2,362 | 1,768 |
| Subscriptions | 5,743 | 2,977 |
| Learning equipment & consumables | 5,841 | 11,393 |
| -------------------------------- | -------------------------------- | |
| 278,180 | 308,136 | |
| -------------------------------- | -------------------------------- | |
| -------------------------------- | -------------------------------- | |
| Total expenditure | 279,737 | 312,827 |
| ================================ | ================================ | |
| -------------------------------- | -------------------------------- | |
| Net expenditure | (1,034) | (39,516) |
| ================================ | ================================ |
20
Ladybird Forest Pre-School Ampthill
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Costs of other trading activities | ||
| Costs of other trading activities - Membership schemes and social | lotteries | |
| Fundraising costs | 770 | 1,362 |
| -------------- | ----------------------- | |
| Costs of other trading activities - Staging events | ||
| Holiday club & forest school costs | 787 | 3,329 |
| -------------- | ----------------------- | |
| ----------------------- | ----------------------- | |
| Costs of other trading activities | 1,557 | 4,691 |
| ======================= | ======================= | |
| Expenditure on charitable activities | ||
| Activity type 1 | ||
| Activities undertaken directly | ||
| Staff wages | 202,725 | 219,480 |
| Employer's NIC | 4,498 | 7,143 |
| Employer's pension costs | 2,304 | 2,692 |
| Regulatory fees | 495 | 626 |
| Direct charitable activity 1 - interest on bank loans and overdrafts | 255 | – |
| Software & books etc. | 410 | 2,801 |
| Learning equipment & consumables | 5,841 | 11,393 |
| -------------------------------- | -------------------------------- | |
| 216,528 | 244,135 | |
| -------------------------------- | -------------------------------- | |
| Support costs | ||
| Rates & water | 139 | 389 |
| Light & heat | 2,698 | 1,715 |
| Repairs & maintenance | 7,410 | 8,253 |
| Insurance | 3,048 | 2,503 |
| Cleaning | 3,666 | 5,888 |
| Payroll cost | 810 | 894 |
| Telephone | 918 | 1,678 |
| Printing, postage, stationery & advertising | 1,645 | 4,927 |
| Depreciation | 26,686 | 26,609 |
| Bank charges | 487 | 570 |
| Accountancy | 2,929 | 1,175 |
| Miscellaneous expenses | 2,213 | 93 |
| Training | 899 | 4,563 |
| Staff uniforms | 2,362 | 1,768 |
| Subscriptions | 5,742 | 2,976 |
| ---------------------------- | ---------------------------- | |
| 61,652 | 64,001 | |
| ---------------------------- | ---------------------------- | |
| -------------------------------- | -------------------------------- | |
| Expenditure on charitable activities | 278,180 | 308,136 |
| ================================ | ================================ |
21