Charity number 1155811
Mansbridge Community Pre-School
Unaudited Accounts
31 August 2023
Mansbridge Community Pre-School Contents
| Page | |
|---|---|
| Informantion | 1 |
| Trustee's Annual Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the accounts | 7 |
Mansbridge Community Pre-School Information
Trustees
Nicole Cummins (Chair) Shelley King Madalina Porcaru Jessica Coakley
Accountants
Cochrane & Co Accountants Limited 38 Kings Road Lee-on-the-Solent Hampshire PO13 9NU
Address
Octavia Road Mansbridge Southampton SO18 2LX
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Mansbridge Community Pre-School Trustee's annual report for the year ended 31 August 2023
The trustees present their report together with the financial statements of the charity for the year ended 31 August 2023.
The financial statements have been prepared in accordance with the accounting policies set out on page 9 and comply with the charity's constitution, the Charities Act 2022 and the Charities SORP.
Structure, Governance and Management
The pre-school is a Charitable Incorporated Organisation, having a constituition adopted on 11 October 2013.
The charity Trustees are appointed at the AGM and serve two successive years. At each AGM at least a third of the trustees must retire and this should be those trustees that have been appointed for the longest.
Trustee vacancies are then filled by election by the members at the AGM. Where possible, trustees will be family members in order to promote parental involvement.
Management of the Pre-School
The day to day management of the pre-school and the care of the children is carried out by employed members of staff who make decisions in line with the EYFS standards and policies agreed by the trustees.
Objectives and activities
The organisations objectives are to enhance the development and education of children, primarily under the statutory school age. The organisation promotes these aims through offering appropriate play, education and care facilities.
We know how important your child is and we aim to deliver the highest quality of care and education to help them to achieve their best by providing a safe, happy and stimulating environment in which your child will gain confidence through various play activities. We offer a planned and varied curriculum, valuing each child individually as they embark on their learning journey at Mansbridge Community Pre-School (MCPS). Every child deserves the best possible start in life and the support that enables them to fulfil their potential. Children develop quickly in the early years and a child’s experiences between birth and age five have a major impact on their future life chances. A secure, safe and happy childhood is important in its own right. Good parenting and high quality early learning together provide the foundation children need to make the most of their abilities and talents as they grow up.
During the year a wide range of activities have been enjoyed including many collaborations with parents such as, Christmas crafts, Christmas singing, Mothers day activities, Easter activities, Fathers day activities and a leavers party and ceremony. The children have also enjoyed learning about Autumn, Harvest, Halloween, Diwalli, Eid, Bonfire night, Christmas, Winter, Chinese new year, Easter, Spring, people who help us, animal visits and a trip to Peppa pig world.
Public benefit
The main activities for public benefit undertaken during the year were the provision of child care sessions from Monday to Friday for 38 weeks of the year.
The trustees are responsible for the overall running of the pre-school and held regular meetings during the year. The trustees have had regard to the guidance on public benefit issued by the Charities Commission, when exercising any powers or duties to which the guidance may be relevant.
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Mansbridge Community Pre-School Trustee's annual report for the year ended 31 August 2023
Reserves policy
The trustees have decided that reserves are required to; cover short term expenditure incurred whilst waiting for the next funding payment, provide security for the future of the pre-school, enable the pre-school to meet statutory requirements for sick pay for it's staff and to meet redundancy costs in the event of the pre-school closing.
At 31 August 2023 unrestricted reserves totalled £74,679 and restricted reserves totalled £nil, giving total reserves of £74,679.
Plans for the future
All of our staff are Early years trained or on an approved training program to become fully qualified. We want all of our Early years staff to be fully qualified in Early year practice. All staff will be trained in paediatric first aid, safeguarding, food hygiene and health and safety. We have regular CPD training days to ensure all staff are up to date with current legislation and best practice. Mental health and wellbeing of our staff remains paramount, we work closely with staff to ensure they are well supported and their needs are met. We would like to secure funding for a permanent outside structure to provide cover from the elements, to allow all year round outdoor play. We would like to invest in warm waterproof outdoor clothing for staff to enable them to feel warm and dry when working outdoors.
Financial review and funding
The principal funding source continues to be the subsidy provided by the Local Authority. These funds are topped up by the fees charged to parents and guardians, together with the other fund raising activities.
The main source of expenditure is staff wages.
Statement of trustees responsibilities;
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales/Northern Ireland 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charities SORP 2015 (FRS 102);
-make judgements and estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2022, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 10 November 2023 Signed on it's behalf by;
Shelley King Trustee
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Mansbridge Community Pre-School Registered charity number 1155811
Independent Examiner's Report to the Trustees of Mansbridge Community PreSchool on the accounts for the Year ended 31 August 2022
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2023, which are set out on pages 4 to 9.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2022 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed applicable Directions given by the charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the charities (Accounts and Reports) Regulations 2008 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.
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.
J Cochrane, FCA Dated 14 November 2023
Cochrane & Co Accountants Limited, 38 Kings Road, Lee-on-the-Solent, Hampshire, PO13 9NU
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Mansbridge Community Pre-School Statement of Financial Activities for the year ended 31 August 2023
| Incoming resources Funding Fees Pupil premium Grants Other Trips Parties Snack donations Uniform Fundraising Bank interest Total Resources expended Gross wages and salaries National insurance Pensions Rent Admin Snack Training Equipment Depreciation Uniform Trip expenses Cleaning Subscriptions Accountancy and bookkeeping DBS Party expenses Repairs and renewals Other Total Net movement in funds Reconciliation of fund; Total funds brought forward Total funds carried forward Unrestricted funds Restricted funds |
Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ 134,168 - 134,168 11,911 - 11,911 - 3,493 3,493 - 42,174 42,174 2,000 - 2,000 896 - 896 75 - 75 697 - 697 544 - 544 176 - 176 374 - 374 150,841 45,667 196,508 101,823 41,346 143,169 41 - 41 2,231 - 2,231 6,841 - 6,841 5,756 - 5,756 1,062 - 1,062 2,122 - 2,122 4,967 4,321 9,288 1,853 - 1,853 2,233 - 2,233 1,833 - 1,833 1,402 - 1,402 272 - 272 2,152 - 2,152 469 - 469 123 - 123 608 - 608 818 - 818 136,606 45,667 182,273 136,606 45,667 182,273 14,235 - 14,235 60,444 - 60,444 74,679 - 74,679 74,679 - 74,679 |
Total Funds 2022 £ 126,853 13,167 3,763 16,210 - 1,046 105 272 181 - 15 161,612 119,449 822 2,149 5,946 3,702 465 1,954 5,878 1,211 1,279 1,209 1,040 200 2,107 311 393 207 792 149,114 149,114 12,498 47,946 60,444 60,444 - 60,444 |
|---|---|---|
5
Mansbridge Community Pre-School Statement of Financial Position as at 31 August 2023
| Notes Fixed assets Equipment, machinery and motor vehicles 5 Current assets Cash at bank Prepayments Current liabilities Trade creditors Net current assets Net assets Funds Funds Net surplus/(deficit) for the year |
70,735 1,307 72,042 4,397 |
2023 £ 7,034 67,645 74,679 60,444 14,235 74,679 |
70,578 - 70,578 12,117 |
2022 £ 1,983 58,461 60,444 47,946 12,498 60,444 |
|---|---|---|---|---|
These accounts were approved by the Trustees on 10 November 2023 and signed on it's behalf by;
Shelley King Trustee
6
Mansbridge Community Pre-School Notes to the Accounts for the year ended 31 August 2023
1 Accounting policies
Basis of preparation of accounts
The accounts have been compiled on an accruals basis for the information of the preschool committee and it's members. As such, the preparation of these accounts is governed by the SORP (FRS 102). The trustees believe they have sufficient funds to deal with any contingencies and have prepared the accounts on a going concern basis.
The charity is unincorporated under the Companies Act. The charity is a public benefit entity.
Incoming resources
All incoming resources are included in the Statement of Financial Activities, when the charity becomes entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular catagories of income:
Fee income is received from the local Education Authority and from parents and guardians. This is included in the accounts on a received basis.
Clothing, brochures and items for resale are included as income when they are sold.
Income from grants and subsidies are accounted for when the charity has unconditional rights to the income.
Outgoing resources
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT, which cannot be recovered and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the organisation delivering its services to the members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fund accounting
Unrestricted funds are available for use at the discretion of the management committee in furtherance of the aims of the organisation.
Restricted funds represent pupil premium and other grants income which are received in respect of restricted purposes.
7
Mansbridge Community Pre-School Notes to the Accounts for the year ended 31 August 2023
2 Pre-School Learning Alliance
- The pre-school is a member of the Pre-School Learning Alliance, and as such, is exempt from taxation on its activities.
3 Accumulated Fund
All funds and assets are for the benefit of the pre-school members.
4 Employee numbers
There were 12 employees during the year (2022 14).
5 Presentation currency
The accounts are presented in Sterling.
6 Independent examiners fees
During the year fees of £1,218 were due to the Independent examiner (2022 £1,122).
7 Trustee remuneration
During the year one trustee was paid remuneration as follows; Shelley King £28,787.
Amounts were paid via her contract of employment with the pre-school.
8 Trustees expenses
No expenses were paid to trustees in the year.
9 Employees
No individual employee was paid over £60,000.
10 Related party transactions.
There are no related party transactions.
8
Mansbridge Community Pre-School Notes to the Accounts for the year ended 31 August 2023
11 Plant, machinery and motor vehicles
| At 31 August 2020 Additions At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 |
Plant and machinery £ 12,570 6,904 19,474 10,587 1,853 12,440 7,034 1,983 |
|---|---|
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