REGISTERED COMPANY NUMBER: 08246084 (England and Wales) REGISTERED CHARITY NUMBER: 1156087
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
for
Oakey Dokeys Pre-School Limited
Oakey Dokeys Pre-School Limited
Contents of the Financial Statements for the Year Ended 31 August 2022
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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15 to 16
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Oakey Dokeys Pre-School Limited
Report of the Trustees for the Year Ended 31 August 2022
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 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
(a) Offering appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability
(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 aim of the pre-school learning alliance.
The charity achieves these objectives through its running of a pre-school which operates under the name of Oakey Dokeys.
Our ethos
We are committed to creating a positive learning environment where we will value your child's individuality and nurture their creativity. We offer opportunities and experiences based on the foundation stage early learning goals and are committed to encouraging children to learn through play (the messier the better).
Page 1
Oakey Dokeys Pre-School Limited
Report of the Trustees for the Year Ended 31 August 2022
ACHIEVEMENT AND PERFORMANCE
Oakey Dokeys had a busy year after the COVID pandemic, returning to usual number of children per session, 30 maximum per session with 43 children on role. Many new children joined with very little social interaction experience outside of family bubbles. Some of the measures that we put in place due to COVID were maintained even as rules became more relaxed, but overall, staff and Committee were pleased to return to a more person- centred way of working.
Staff changes were significant this year, with our setting manager, Shirley Funnell, leaving to pursue a career with Essex County Council's SEN department in July 2021. Shirley was also our SENCO (Special Education Needs Co-ordinator), which left two job vacancies. These were filled by Helen Hill, our deputy manager, taking on the setting manager role and Jemma Pells, one of our Early Years Practitioners taking the reins as SENCO for the setting. One of our bank staff, Michelled Goddard was offered a permanent contract with us. We also interviewed for and employed a new bank staff member, Tina Nottage, so started the academic year in September 2022 with a new staff structure. These changes have been positive and invigorating for the organisation as Helen and Jemma embraced their new roles and our additional bank staff provided valuable support for our children with SEN.
We had our AGM in October with a new chair, Sarah Goswell being elected and Abbie Young staying on as Treasurer.
The financial year, as always, begins at a loss as the number of sessions attended are generally lower in the Autumn Term than later in the year, whilst staff costs remain broadly the same, as parents tend to increase the number of sessions that their child attends over the academic year, in preparation for full days at school. Additionally, our interim Autumn Term funding payment from Essex County council is paid during August, outside of the start of the financial year. This means that September and October wages put us at a financial loss until the balancing payment from Essex County Council for Autumn Term is received in November. As our cashflow is stable, we can cover this accounting loss without the need for borrowing from reserves or other sources.
By the end of November, the financial position had improved with a profit showing at the end of November which dips into a loss at the end of December but back in profit by the end of January 2022. During the Spring and Summer Terms we had more children starting with us and others increasing their number of sessions and therefore funding levels or invoice levels, generating more income for the organisation. Some of this is offset by increased staff costs, as additional staff are required to cover absence, additional support for children with SEN needs, or increased staff:child ratios as more children join the register.
Staff costs will always be our biggest monthly expenditure and we aim to keep these to no more than 70% of our total income to maintain financial viability, this year they were 73% of total income, but financially we were able to cover these costs. Training costs are an important part of this and CPD was completed in mandatory Safeguarding training as well as other courses, such as leadership training, SENCO training and Makaton signing. We also attended Nursery World Show to keep up to date with the latest developments in Early Years Education and to network with other settings.
There were the usual increases in land rent and insurance, however we have managed to avoid huge increases in our energy bills as we were already locked into a competitive rate for the period 2020-2023.
Lunch clubs historically were a "pay as you go" or pay in arrears arrangement, however this often left us with outstanding invoices, particularly at the end of the Summer Term. These are now billed forward which means income is guaranteed if children are off sick or on holiday and lunch club debts have been reduced.
We began to request snack donations during this financial year and several parents frequently donate fruit and other snack items. Whilst this has not had a huge financial impact, it is a small way in which we can help keep consumable costs down, whilst also supporting our sustainability values, reducing food waste by using family's excess items.
Fundraising events and donations raised £937.87 this year. Whilst this is no longer crucial fund day to day operating costs, these monies can go towards larger improvement projects or resources that can supplement our normal purchases and also provide an opportunity to socialise with families and involve our local community. Ideally, we like to spend the money raised at these events in the current financial year so that it benefits the children of families who have contributed to raising these funds.
In July 2022, right at the end of term, we finally got "The Call" and had our long over-due Ofsted inspection on one of the hottest days of the year and were pleased to be awarded a "Good" inspection grading.
Page 2
Oakey Dokeys Pre-School Limited
Report of the Trustees for the Year Ended 31 August 2022
The financial year ended with a gross profit £7644.17, however we have not contributed to our 3 month reserves fund during the financial year, something which will be addressed next year to ensure that we have funds to cover 3 months running costs in the event of the organisation ceasing to operate.
Overall, financially, we have had a stable year and look forward to this continuing for the 2022/2023 accounting period.
FINANCIAL REVIEW
Reserves policy
The trustees consider that an appropriate level of reserves would be the sum equivalent to cover three months' staff costs and overheads. It is considered that this sum should be sufficient to cover any fluctuations in income and any short term interruptions to its day to day activities.
At 31 August 2022 the charity had undesignated unrestricted funds in the sum of £71,455 (2021: £56,650) which was sufficient under the terms of the above policy.
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
Trustees are selected from members and others who have expressed a willingness to become involved and are usually elected at a General meeting. At each Annual General Meeting, all Trustees must stand for re-election.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08246084 (England and Wales)
Registered Charity number
1156087
Registered office
Beaumont Road Great Oakley Harwich Essex CO12 5BA
Page 3
Oakey Dokeys Pre-School Limited
Report of the Trustees for the Year Ended 31 August 2022
Trustees
L Bishop (resigned 4.11.21) S Funnell (resigned 1.11.21) J D White A Young J Morrison (resigned 4.11.21) L Staker (resigned 4.11.21) C Keen (resigned 4.11.21) E Law N Burbidge S V Goswell H Hill (appointed 4.11.21) Karina Jowitt (appointed 13.10.22) L Gande (appointed 13.10.22) M Bretton (appointed 13.10.22) L Bishop (appointed 13.10.22) S Turner (appointed 13.10.22)
Company Secretary
C Briscoe
Independent Examiner
P J T Frost FCCA JTF Chartered Certified Accountants 195 Main Road Dovercourt Harwich Essex CO12 3PH
Bankers
Lloyds TSB 230 High Street Dovercourt Essex CO12 3AY
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 24 May 2023 and signed on its behalf by:
N Burbidge - Trustee
Page 4
Independent Examiner's Report to the Trustees of Oakey Dokeys Pre-School Limited
Independent examiner's report to the trustees of Oakey Dokeys 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 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
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.
P J T Frost FCCA
JTF Chartered Certified Accountants 195 Main Road Dovercourt Harwich Essex CO12 3PH
25 May 2023
Page 5
Oakey Dokeys Pre-School Limited
Statement of Financial Activities for the Year Ended 31 August 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Operation of the pre-school 112,300 Other trading activities 2 984 Investment income 3 111 Total 113,395 EXPENDITURE ON Raising funds - Charitable activities Operation of the pre-school 109,931 Total 109,931 NET INCOME/(EXPENDITURE) 3,464 RECONCILIATION OF FUNDS Total funds brought forward 90,638 TOTAL FUNDS CARRIED FORWARD 94,102 |
Restricted funds £ 3,004 - - 3,004 - 3,004 3,004 - - - |
31.8.22 31.8.21 Total Total funds funds £ £ 115,304 115,237 984 160 111 135 116,399 115,532 - 20 112,935 117,227 112,935 117,247 3,464 (1,715) 90,638 92,353 94,102 90,638 |
31.8.22 31.8.21 Total Total funds funds £ £ 115,304 115,237 984 160 111 135 116,399 115,532 - 20 112,935 117,227 112,935 117,247 3,464 (1,715) 90,638 92,353 94,102 90,638 |
|---|---|---|---|
| 115,237 | |||
| 160 | |||
| 135 | |||
| 115,532 | |||
| 20 | |||
| 117,227 | |||
| 117,247 | |||
| (1,715) | |||
| 92,353 | |||
| 90,638 |
The notes form part of these financial statements
Page 6
Oakey Dokeys Pre-School Limited
Balance Sheet 31 August 2022
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 8 24,575 - CURRENT ASSETS Debtors 9 5,374 - Cash at bank and in hand 65,660 - 71,034 - CREDITORS Amounts falling due within one year 10 (1,507) - NET CURRENT ASSETS 69,527 - TOTAL ASSETS LESS CURRENT LIABILITIES 94,102 - NET ASSETS 94,102 - FUNDS 12 Unrestricted funds TOTAL FUNDS |
31.8.22 Total funds £ 24,575 5,374 65,660 71,034 (1,507) 69,527 94,102 94,102 94,102 94,102 |
31.8.21 Total funds £ 29,796 2,909 60,156 |
|---|---|---|
| 63,065 | ||
| (2,223) 60,842 90,638 |
||
| 90,638 | ||
| 90,638 90,638 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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...
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Oakey Dokeys Pre-School Limited
Balance Sheet - continued 31 August 2022
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 24 May 2023 and were signed on its behalf by:
N Burbidge - Trustee
A Young - Trustee
The notes form part of these financial statements
Page 8
Oakey Dokeys Pre-School Limited
Notes to the Financial Statements for the Year Ended 31 August 2022
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.
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.
Charitable activities
In the opinion of the Trustees the charity has only one activity being the operation of the pre school. In addition, all fund raising activities and governance matters, with the exception of the Independent Examiner's fees and Trustees' insurance, are dealt with by the Trustees and other volunteers at no cost to the charity. Therefore all support costs are considered to be in relation to the operation of the pre school.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to property | - Evenly over the term of the lease |
|---|---|
| Equipment | - 15% on cost |
| Office 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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.
continued...
Page 9
Oakey Dokeys Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Fundraising events | 984 | 160 |
| INVESTMENT INCOME | ||
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Deposit account interest | 111 | 135 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Depreciation - owned assets | 6,553 | 6,268 |
| Other operating leases | 1,738 | 1,708 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.8.22 | 31.8.21 | |
|---|---|---|
| Early years practitioners | 7 | 7 |
| Administration | 1 | 1 |
| 8 | 8 | |
No employees received emoluments in excess of £60,000.
continued...
Page 10
Oakey Dokeys Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Operation of the pre-school 111,414 3,823 Other trading activities 160 - Investment income 135 - Total 111,709 3,823 EXPENDITURE ON Raising funds 20 - Charitable activities Operation of the pre-school 113,404 3,823 Total 113,424 3,823 NET INCOME/(EXPENDITURE) (1,715) - RECONCILIATION OF FUNDS Total funds brought forward 92,353 - TOTAL FUNDS CARRIED FORWARD 90,638 - 8. TANGIBLE FIXED ASSETS Improvements to Office property Equipment equipment £ £ £ COST At 1 September 2021 112,699 1,923 2,889 Additions - 277 1,055 At 31 August 2022 112,699 2,200 3,944 DEPRECIATION At 1 September 2021 84,291 1,018 2,406 Charge for year 5,761 328 464 At 31 August 2022 90,052 1,346 2,870 NET BOOK VALUE At 31 August 2022 22,647 854 1,074 At 31 August 2021 28,408 905 483 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Operation of the pre-school 111,414 3,823 Other trading activities 160 - Investment income 135 - Total 111,709 3,823 EXPENDITURE ON Raising funds 20 - Charitable activities Operation of the pre-school 113,404 3,823 Total 113,424 3,823 NET INCOME/(EXPENDITURE) (1,715) - RECONCILIATION OF FUNDS Total funds brought forward 92,353 - TOTAL FUNDS CARRIED FORWARD 90,638 - 8. TANGIBLE FIXED ASSETS Improvements to Office property Equipment equipment £ £ £ COST At 1 September 2021 112,699 1,923 2,889 Additions - 277 1,055 At 31 August 2022 112,699 2,200 3,944 DEPRECIATION At 1 September 2021 84,291 1,018 2,406 Charge for year 5,761 328 464 At 31 August 2022 90,052 1,346 2,870 NET BOOK VALUE At 31 August 2022 22,647 854 1,074 At 31 August 2021 28,408 905 483 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Operation of the pre-school 111,414 3,823 Other trading activities 160 - Investment income 135 - Total 111,709 3,823 EXPENDITURE ON Raising funds 20 - Charitable activities Operation of the pre-school 113,404 3,823 Total 113,424 3,823 NET INCOME/(EXPENDITURE) (1,715) - RECONCILIATION OF FUNDS Total funds brought forward 92,353 - TOTAL FUNDS CARRIED FORWARD 90,638 - 8. TANGIBLE FIXED ASSETS Improvements to Office property Equipment equipment £ £ £ COST At 1 September 2021 112,699 1,923 2,889 Additions - 277 1,055 At 31 August 2022 112,699 2,200 3,944 DEPRECIATION At 1 September 2021 84,291 1,018 2,406 Charge for year 5,761 328 464 At 31 August 2022 90,052 1,346 2,870 NET BOOK VALUE At 31 August 2022 22,647 854 1,074 At 31 August 2021 28,408 905 483 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Charitable activities Operation of the pre-school 111,414 3,823 Other trading activities 160 - Investment income 135 - Total 111,709 3,823 EXPENDITURE ON Raising funds 20 - Charitable activities Operation of the pre-school 113,404 3,823 Total 113,424 3,823 NET INCOME/(EXPENDITURE) (1,715) - RECONCILIATION OF FUNDS Total funds brought forward 92,353 - TOTAL FUNDS CARRIED FORWARD 90,638 - 8. TANGIBLE FIXED ASSETS Improvements to Office property Equipment equipment £ £ £ COST At 1 September 2021 112,699 1,923 2,889 Additions - 277 1,055 At 31 August 2022 112,699 2,200 3,944 DEPRECIATION At 1 September 2021 84,291 1,018 2,406 Charge for year 5,761 328 464 At 31 August 2022 90,052 1,346 2,870 NET BOOK VALUE At 31 August 2022 22,647 854 1,074 At 31 August 2021 28,408 905 483 |
Total funds £ 115,237 160 135 115,532 20 117,227 117,247 (1,715) 92,353 90,638 Totals £ 117,511 1,332 118,843 87,715 6,553 94,268 24,575 |
|---|---|---|---|---|
| 28,408 | 905 | 483 | 29,796 |
continued...
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Oakey Dokeys Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Trade debtors | 4,048 | 2,627 | |
| Prepayments and accrued income | 1,326 | 282 | |
| 5,374 | 2,909 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Trade creditors | - | 119 | |
| Social security and other taxes | 213 | - | |
| Other creditors | 562 | 541 | |
| Accruals and deferred income | 732 | 1,563 | |
| 1,507 | 2,223 | ||
| LEASING AGREEMENTS | |||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | |||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Within one year | 1,687 | 1,687 | |
| Between one and five years | 6,748 | 6,748 | |
| In more than five years | - | 1,687 | |
| 8,435 | 10,122 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.9.21 | in funds | 31.8.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 62,230 | 9,225 | 71,455 |
| Capital fund re tenants improvements | 28,408 | (5,761) | 22,647 |
| 90,638 | 3,464 | 94,102 | |
| TOTAL FUNDS | 90,638 | 3,464 | 94,102 |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11. LEASING AGREEMENTS
12. MOVEMENT IN FUNDS
continued...
Page 12
Oakey Dokeys Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Capital fund re tenants improvements Restricted funds SEN funding Essex County Council training fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Capital fund re tenants improvements TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Capital fund re tenants improvements Restricted funds SEN funding Inclusion grant TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 113,395 (104,170) 9,225 - (5,761) (5,761) 113,395 (109,931) 3,464 2,234 (2,234) - 770 (770) - 3,004 (3,004) - 116,399 (112,935) 3,464 Net movement At At 1.9.20 in funds 31.8.21 £ £ £ 58,365 3,865 62,230 33,988 (5,580) 28,408 92,353 (1,715) 90,638 92,353 (1,715) 90,638 Incoming Resources Movement resources expended in funds £ £ £ 111,709 (107,844) 3,865 - (5,580) (5,580) 111,709 (113,424) (1,715) 3,685 (3,685) - 138 (138) - 3,823 (3,823) - 115,532 (117,247) (1,715) |
|---|---|
continued...
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Oakey Dokeys Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
12. MOVEMENT IN FUNDS - continued
The capital fund re tenants improvements was originally created upon the capitalisation of tenants improvements. These are being depreciated over the term of the lease and an amount equivalent to the depreciation is released from the designated fund each year.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 14
Oakey Dokeys Pre-School Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fundraising events | 984 | 160 |
| Investment income | ||
| Deposit account interest | 111 | 135 |
| Charitable activities | ||
| Fees from parents | 23,912 | 13,955 |
| Nursery education grant | - | 2,500 |
| Nursery education grant - sen premium | 3,722 | 3,685 |
| Inclusion grant | - | 138 |
| Nursery education grant 2, 3 and 4 year old funding | 87,670 | 94,959 |
| 115,304 | 115,237 | |
| Total incoming resources | 116,399 | 115,532 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising costs | - | 20 |
| Charitable activities | ||
| Wages | 80,889 | 78,747 |
| Pensions | 1,144 | 1,050 |
| Sundries | 965 | 385 |
| Catering - snacks | 1,765 | 531 |
| Equipment/books | 107 | 53 |
| Activity and material costs | 4,729 | 2,541 |
| 89,599 | 83,307 | |
| Support costs | ||
| Finance | ||
| Bank charges | 189 | 156 |
| Human resources | ||
| Staff DBS checks | 264 | 238 |
| Other | ||
| Rent | 1,738 | 1,708 |
| Rates and water | 417 | 120 |
| Carried forward | 2,155 | 1,828 |
This page does not form part of the statutory financial statements
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Oakey Dokeys Pre-School Limited
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Brought forward | 2,155 | 1,828 |
| Insurance | 2,221 | 1,846 |
| Light and heat | 1,302 | 1,460 |
| Telephone | 638 | 325 |
| Postage and stationery | 862 | 615 |
| Repairs | 1,300 | 11,540 |
| Accountancy | 573 | 485 |
| Other professional fees | 130 | - |
| Independent examiner's fees - examination | 386 | 258 |
| Independent examiner's fees - other | 203 | 456 |
| Subscriptions | 599 | 530 |
| Staff training | 1,978 | 2,800 |
| Cleaning | 1,949 | 2,679 |
| Staff uniforms | 418 | 653 |
| Computer expenses | 1,616 | 1,783 |
| Improvements to property | 5,761 | 5,580 |
| Plant and machinery | 328 | 289 |
| Computer equipment | 464 | 399 |
| 22,883 | 33,526 | |
| Total resources expended | 112,935 | 117,247 |
| Net income/(expenditure) | 3,464 | (1,715) |
This page does not form part of the statutory financial statements
Page 16