2021-08-31-accounts

T	ofadviser	Name Address
Name	ofchief executive	or names ofsenior staff members	(Optional	information)

Additional governance iss	Additional governance iss	ues
You may choose to include
additional information, where
relevant, about:
~	policies and procedures
	adopted forthe induction	and
	training oftrustees;
~	the charity's organisational
	structure and any wider
	network with which the charity
	works;
~	relationship with any related
	parties;
~	trustees' consideration of
	major risks and the system
	and procedures to manage
	them.

		'The charity works for the public benefit having as its objective the	'The charity works for the public benefit having as its objective the
Summary ofthe objects ofthe charity set out in its governing document		development and education ofchildren and young people by: 1. Promoting their care and safety 2. Promoting their education and promoting parental involvement 3. Promoting their health and well being 4. Providing services to support them and their families and carers
		5.	Providing services to individuals holding membership ofthe CIO
		6.	Furtherin the aims ofthe Pre-school leamin alliance.
		In considering the activities ofthe charity the Trustees have had due
		regard	tothe guidance on public benefit that has been issued by the
		charity	commission.
		The	main activities are summaries as:
			Provide accommodation and equipment.
			Raise money to pay for the charity's activities.
			Make such payments as shall be necessary
			Fix and collect the fees payable in respect ofthe children
			attending the groups.
Summary ofthe main activities undertaken	for the		Subject to adherence with all applicable legislation, control the admission ofchildren to the groups run and ifappropriate, require
public benefit in relation to these objects (include within this section the statutory declaration that trustees have			parents or guardians to withdraw them. As a member ofpre-school learning alliance, send a representative to vote at meetings and participate at local meetings.
had regard tothe guidance issued by the Charity Commission on public benefit)			Setaside funds for special purposes oras reserves against future expenditure. Maintain and pay for membership ofpre-school learning alliance. Ensure adequately insured. Employ and remunerate staff as are necessary for carrying out
			the work ofthe charity.

				The trustees have agreed a reserves policy to hold a minimum
Briefstatement ofthe				unrestricted funds level off40,000.This isto cover the costs of
charity's policy on reserves				redundancy and 3months rental in the unlikely event that the setting
				needed to close. The current adjusted unrestricted reserves total f87,251 and are F47,251 in excess of this minimum position (following
				adjustment for KCC income received in advance). This position
				corn ares to an excess osition of638,025 in the revious ear
Details ofany funds			materially
in	deficit
Further Snancial review details				(Optional information)
You may choose to additional information, relevant about:		include where		Atotal surplus off33,345was seen for the year. This is made up ofa surplus on restricted funds ofE2,369(see below) and a surplus of unrestricted funds off32,536
~	the charity's principal sources offunds (including			The surplus shown, is in part, the result oftiming differences associated with KCC income relating to the 2021/22 year which was received at the
	any fundraising);			end of2020/21 of823,310and included in those figures. ARer adjusting
~	how expenditure has supported the key objectives ofthe charity;			for this, an unrestricted surplus ofF10,035would have been seen, a better position than the similarly adjusted deficit ofEt0,007seen in the previous year, by f20,042.
~	investment policy	and		The better position was due to higher levels ofKCC fee income received
	objectives including		any	during the year, as a result ofa large number ofolder children, all in
	ethical investment		policy	receipt offunding, offset by a fall in fees paid directly by parents and
	adopted.			guardians, and Covid grants received in 2019/20 which were not
				repeated in 2020/21. The increase in fees was also oflset by costs higher
				costs ofK13,262.
				The most significant cost remained payroll expenses totalling f152,818
				and the largest area ofincrease in costs related to repair costs
				associated with the replacement ofheaters.
				The restricted fund relates to SENIF and DAF funding for children
				attending the setting as well as a further instalment ofKCC funding
				towards training for staff in a collaboration ofpreschools in the local area.
				The balance off2,636relates to the training funding ofK1,410which is
				expected to be used in the 2021/22 financial year and DAF funding for
				children who have leR the setting ofE1,230,where agreement is being
				sou htfortheuseofthefunds.

						~	~
			Unreatricted			Reatriotnd		Endowment
	Categories	Details	funds tonewest		a	funda toneanwt a		funds Ionearest	f
81Cash	funds	Bank Awnunts		110,187
			Tolsl cashfunds»'	tla	get		2,999
		iawac sabsccs un rsceipn nw pspaccis
			accuses
			Unresutctod					Endowment
			funds					tends
		Dalai!a	tonewest		E			tonearest	U
82Other	monetary assets
		Details	Fund asset	towhich baton		Cost lopaonau
83Investment assets
		Details	Fund asset	towhich baton		Cost (opeonali
84Assets retained for the
charity's	own use
			Ford	to which		Aolould doe
		Details	n	nasbw
85Uahilities
Signed br onn ofboo lnlsl888 on behalf ofal the hostess			Signature		Print	Name