COMPANY REGISTRATION NUMBER: 07637765 CHARITY REGISTRATION NUMBER.. 1152336 Fernlea Community Pre-school Company Limited by Guarantee Unaudited Financial Statements 31 August 2020 TTCA LTD Chartered accountants 269 Farnborough Road Farnborough Hampshire GU14 7LY Fernlea Community Pre-school Company Limited by Guarantee Financial Statements Year ended 31 August 2020 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 17 Fernlea Community Pre-school Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) Year ended 31 August 2020 The Iruslees, 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 2020. Reference and administrative details Registered charity name Fernlea Community Pre-school Charity registration number 1152336 Company registration number 07637765 Principal office and registered Neville Duke Road office Farnborough Hampshire GU14 9BY The trustee$ MJ Harris MH Saunders SC Beard K Porter Dr SJ Berry A Tulip CM Munns JE Hedley IResigned 20 September 20191 IResigned 30 January 20201 IAppointed 13 February 20201 IAppointed 13 February 20201 IAppointed 20 September 20191 IResigned 30 January 20201 Independent examlner Thomas Mcmanners Bsc ACA ACMI 269 Farnborough Road Farnborough Hampshire GU14 7LY Structure, governance and management The charity is a company limited by guarantee and it is regulated by its governing document, the Memorandum and Articles of Association of Fernlea Community Pre-school. The Committee Fernlea Community Pre-school is run by a management committee who are company directors and charity trustees voted in by our members at the Annual General Meeting. The management committee of Chair, Treasurer, Secretary and two others meet at least three limes a year, being one each school term. Exto meetings are held as and when necessary, with communication by email on a regular basis. None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee lo contribute £1 in the event of winding up. Fernlea Community Pre-school Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 August 2020 Objectives and activities The objects of the Pr&School are lo enhance the development and education of children primarily under statutory school age by encouraging parents lo understand and provide for the needs of their children through community groups and by".- 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 activib'es of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability, Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs, Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. The Trustees confirm that they have complied with the duly in section 17151 of the Charities Act 2011 to have due regard lo the public benefit guidan￿ published by the Charity Commission in determining the activities undertaken by the charity. Members of the public benefit from the provision of education facilities available in the community and the support the charity provides. The Trustees have had regard to the Charity Commission's guidan￿ on public benefit in managing the activities of the charity. Fernlea Community Pre-school Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 August 2020 Achievements and perfomiance People: Committee This year saw some changes within the Management COMMIttee￿rUsteeS with the appointment of myself, Carolyn Munns as Chairperson, Simon Berry as Treasurer and Alex Tulip as Secretsry. After many years association with Fernlea, ending up serving on the Committee as Chairperson, Katie Porter resigned in January 2020. We would like to thank her for her Many hours of dedication and friendship. staff Sophie Tudor started her maternity leave July 2019 and we are pleased to say Mum and baby Max are doing really well. Becky McLean re-joined us in September 2020 along with Julie Hillman who joined us as bank stsff. The stsff were due to be allending various courses but due to the Covid 19 outbreak and lockdown these were cancelled. Staff did however complete a number of online training courses. Covid 19: Pre-school went into lockdown with the rest of the country on Monday 23rd March 2020. Athough we could have been open for Key workevs and vulnerable children, the staff13 members) had lo isolate for 14 days due to being in contact with a parent who had been confirmed with Covid 19 that weekend. With the Easter Holidays following, the pre-school didn't open again until Monday the 20th April for keyworker and vulnerable children. With low numbers of children attending, we decided to furlough 4 members of staff, leaving the rest of the staff to cover. At this time we operated with 2 'bubbles' lo keep contact as low as possible. All the advised procedures for health and safely were adhered lo. From the 1st June 2020 we were able lo invite all the children leaving us to go lo school back for as many days as we could safely offer with a maximum bubble allowed of 16. This was tsken up by most of our families Fundraising.. We held fundraising events during the year including Pudsey Bear in November and Noah's Ark in Prince's Mead, Farnborough. Let's hope we can gel back on track in the coming year when normal activities can resume. Children: The children have been very resilient throughout all the changes to their routines. They quickly got into the new practi￿ of parents dropping them al the door and coming into the classroom independently. They also had to get used to a new classroom layout with some of their activities and resources not being ac￿Ssible. They did miss some of their friends, but quickly made new connections. Events: Following on from last year's succuss we held separate Christmas parties. Again we were very lucky lo have the help from Lauren's Mum-in-Law who is a professional Christmas decorator, lo sel up the grollo. The Grotto looked amazing and the children enjoyed visiting Father Christmas there. The o parties were a great success with the children having a wonderful lime.Al the end of term, we had a Summer party for our children returning to us in September. We felt this would be nice for our young children lo re-familiarise themselves with us before the long summer holidays.For the children leaving us lo go to big school we did manage to have our Leavers Prom. This year we were not able lo hold the prom at the Village hotel, but, determined our children shouldn't miss out, we transformed our classroom into a spectacular ballroom with voiles, fairy lights, chair covers and, of course, the red carpel. The children really enjoy getting dressed up and had a special lime with the staff before starting theirjourney into 'big' school. Fernlea Community Pre-school Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (¢¢)nfynvedJ Year ended 31 August 2020 Other work: The ongoing saga of us changing to a Charitable Incorpomted Company IC.I.O.l instead of a Company Limited by Guarantee IC.L.G.I has now been put aside. There were far more complications to the change than we first thought. One of the main issues was the time needed to close the existing C.L.G. Company and re-regisler with Ofsted as a new C.l.O company. Having gone through this process before changing to C.L.G. knowing the amount of work this entails, il was decided that this was not the right lime for Fernlea lo be making such a change. We did, however, change the Objects and Benefits of our Articles and Memorandum in readiness to change our Governing document lo comply with the new C.l.O. fomat. Our plans for an extension lo our building are still on our 'wish-lisV, but due lo a lol of planning issues we are now considering having to settle for a 'garden room, type building. We will let you know as plans go forward with this, even if that may be somewhat slowly. Maintenance work is still needing to be carrièd out on our building and outside area. We look forward to being able to set up a working party in the future when we are allowed to have social gatherings. The future: Our Garden Room building project has not moved any further forward as the committee requested more quotes before signing off. Although this building is very much needed, there has not been the time lo pursue further quotations. We are hoping this will be something to achieve in the future.This last year has certainly thrown some challenges to all sectors, with many plans having to be shelved for the future. We too have much we wish to achieve and look forward lo safer and more 'normal' times for us all when we can gel back on t￿Ck. Financial review During the year there was an excess of income over expenditure amounting to £8,948 compared with an excess of income of £2,935 in 2019. As at 31 August 2020, the reserves of the charity stood at £192,312, compared with £183,364 in 2019. Policigs on reserves The Trustees have examined the requirement for free reserves, being unrestricted funds which are not represented by tangible fixed assets and which are designed for specific purposes or otherwise commilled. The level of free reserves should be approximately £120,000 representing 6 months of ordinary expenditure. Small company provisions This report has been prepared in accordance with the provisions applicable to companies enlilled lo the small companies exemption. The Iruslees, annual report was approved on 10 May 2021 and signed on behalf of the board of trustees by.. 9..07 'Cln MuAn4 Trustee 1 2021. Charity Secretary Fernlea Community Pre-school Company Limited by Guarantee Independent Examiner's Report to the Trustees of Fernlea Community Pre- School Year ended 31 August 2020 I report to the Iruslees on my examination of the financial statements of Fernlea Community Pre- School I'the charity'l for the year ended 31 August 2020. Responsibilities and basis of report As the Iruslees of the company land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. 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 the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial slalements do not accord with those records., or the financial statements 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 fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Pra¢lice for accounting and reporting by harities applicable to charities preparing their accounts in a¢¢ordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. omas Mcmanners Bsc ACA ACMI Independent Examiner 269 Farnborough Road Farnborough Hampshire GU14 7LY 10 May 2021 Fernlea Community Pre-school Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2020 2020 Unrestricted funds Total funds 2019 Total funds Not• Income and endowments Donations and legacies Charitable activities Other trading activities Other income 1,906 216,792 66 5,523 224,287 1,906 216,792 66 5,523 640 234,646 3,196 5,069 243,551 Total income 224,287 Expenditure Expenditure on eharilable activities Total expenditure 9,10 215,339 215,339 215,339 240,616 240,616 215,339 Net income and net movement in funds 8,948 8,948 2,935 Reconciliation of funds Total funds brought forward Total funds carried forward 183,364 183,364 192,312 180,429 192,312 183,364 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conbnuing aclivilies. The notes on pages 8 to 13 forni part of these financial statements. Fernlea Community Pre-school Company Limited by Guarantee ststement of Financial Position 31 August 2020 2020 2019 Not• Fixed assets Tangible fixed assets 15 9,548 12,730 Current assets Debtors Cash at bank and in hand 16 1,047 191,599 3,351 173,803 192,646 177,154 Creditors: amounts falling due within one year Net current assets 17 9,882 8,520 182,764 170,634 Total assets less current liabilities 192,312 183,364 Net assets 192,312 183,364 Funds ofthe charity Unrestricted funds 192,312 183,364 Total charity funds 19 192,312 183,364 For the year ending 31 August 2020 the charity was entitled to exemption trom 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 stslements 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 lo the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 10 May 2021, and are signed on behalf of the board by.. 'M M'unns Trustee Imay 24, 2021. The notes on pages 8 to 13 forni part of these financial statements. Fernlea Community Pre-school Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2020 General information The charity is a public benefit entity and a private company limited by guarantee, r4istered in England and Wales and a registered charity in England and Wales. The address of the registered office is Neville Duke Road, Farnborough, Hampshire, GU14 98Y. 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 lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial stslements have been prepared on the historical cost basis, as modified by the revaluation of ￿rtain 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. Golng concern There are no material uncertainb'es about the charity's ability lo continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.lal No cash flow statement has been presented for the company.lbl Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estimation uncertainty The preparation of the financial ststemenls requires management to make judgements, eslimales 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. Tangible assots Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Fernlea Community Pre-school Company Limited by Guarantee Notes to the Financial Statements (c¢)nfynue