Company Number 07471433 PEAPOD PRE-SCHOOL Financial Statements 31st August 2020 Page I
PWOD PRE-SCHOOL INDEX TO FINANCIAL STATEMENTS Charity / Company Information Trustees Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the accounts 9-11
PEAPOD PRE-SCHOOL Charity I Company Information FOR THE YEAR ENDED 31 AUGUST 2020 TRUSTEES AND DIRECTORS: Katie Moore- Chair Lauren Smith - Finance Director Belinda Perry - Director Juliette Hardman ~ Director Rowan De Vroomen - Director Fran O'Neill - Director/Manager Sarah Riley - Director/Manager REGISTERED OFFICE: Peapod Pre-school Milford Road Norwich Norfolk NR2 3AR COMPANY NUMBER: 07471433 CHARITY REFISTERED NUMBER: 1161723 INDEPENDENT EXAMINERS: Mark Shearing FCA 28g Jessopp Road Norwich Norfolk NR2 3QB
Peapod pre-school, with a 'Good' rating from Ofsted, is consistently popular within its own community as well as within the wider area. Despite the challenges of a difficult year due to the Coronavirus pandemic, the setting remained open throughout. The lockdown in March 2020 meant that the setting had to close its doors to the majority of families, staying open to critical key worker families. Peapod even enabled further critical key worker families to temporarily attend the setti ng while their own settings were closed during the lockdown period. The setting stayed In touch with those of their children who remained at home during lockdown through home learning activities. Peapod continues to champion the importance of communication and language and sent every child the story of 'The Little Red Hen,, producing a range of activities for children to carry out at home based around this theme. The pre-school continues to have a FINANCIAL REVIEW The financial statements are set out on pages 7 to 8. The statement of financial activities is set out on page 7. Total incoming resources amounted to £239,959. Total resources expended amounted to £252,161, resulting in net incoming resources for the year of (£12,202). At the 31st August 2020 the charitable The loss in income for 2019/20 is a reflection of the unforeseen Coronavirus pandemic, with the setting closing to most of its families from 23rd March 2020. The setting remained open to critical key worker families and was able to welcome back limited numbers of children from 1st June 2020. The pre-school received funding for all relevant non-attending families throughout the summer term and therefore did not invoice fee-paying families. Due to the setti ng's status as a Commication Hub School it received funds of £22,250. Three staff members were trained as 'Communication Champions, to support the setting and received one off Honorarium payments of £5,583.25. Funds of £5,500 were for the setting. The Committee still continued to invest in the garden as per the previous year's agreement, using reserves of £5260. Peapod also received money for training totalling £2,015 for the previous year. RESERVES POLICY It is a general policy of the charitable company to hold free funds of 4-6 months of running costs to enable the orderly closing of the charitable company should the need arise. £50,000 is currently held in the STATEMENT OF TRUSTEES RESPONSIBILITY Lnariiy law ana company law Doin require Ine Irusiees [wno a150 aci as aireciors Tor Tne purpose OT company law) to prepare financial statements for each financial year. Under company law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently, make judgements and estimates that are reasonable and prudent, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assest of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF OF THE BOARD: Katie Moore, Chair Date
PEAPOD PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020 The Trustees present their report with the financial statements of the charitable company for the year ended STRucfuRE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT Peapod Pre-school (the "Company") is a charitable company limited by guarantee, incorporated on 16 December 2010. The Company adopted new articles of association in a form approved by the Pre-school Learning Alliance and the Charity Commission on 30 April 2014 and was registered as a charity on 19 May 2015 under charity number 1161723. In the event of the Company being wound up members are required to contribute an amount not exceeding £1. At 31st August 2020 there were 7 members. TRUSTEES The trustees are, for the purposes of the Companies Act, directors of the charitable company. The trustees shown below have held office during the period from 1st September 2019 to the date of this report. Fran O'Neill and Sarah Riley are appointed as trustees in accordance with clause 6.1.1 of the Company's articles Katie Moore- Chair Lauren Smith - Finance Director Kath Smith - Director - Resigned 10 October 2019 Verity Wall - Director - Resigned I September 2019 Belinda Perry- Director- Appointed 2 December 2019 Juliette Hardman- Director- Appointed 23 November 2019 Rowan De Vroomen- Director- Appointed 22 November 2019 Sarah Riley- Director (Manager) Fran O'Neill - Director (Manager) RECRUITMENT AND APPOINTMENT The total number of board members shall not be less than two and not more than nine. The Trustees will from time to time appoint people with specific skills to fulfil specfic projects. Those people would be entitled to attend management meetings. The trustees must meet at least three times a year. OBJECTS AND ACTIVITES The objects of the Pre-school ("the Objects") 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, education and care 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; c) Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. ACHIEVEMENT AND PERFORMANCE
PEAPOD PRE-SCHOOL INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PEAPOD PRE-SCHOOL I report on the accounts for the year ended 31 August 2020 set out on pages 7 to 11 Respettive Responsibilities of Directors and Reporting Accountant The trustees (who are also direttors of the company for the purposes of company law) are responsibl, of the accounts. The trustees consider that an audit is not required for this year under section 144(2) 2011 (the 2011 Act) and that an independent examination is needed. Having satisified myself that the charitable company is not subject to an audit under company law an( independent examination, it is my responsibility to :_ a) examine the accounts under section 145 of the 2011 Act; b) follow the procedures laid down in the general directions given by the Charity Commission ( sections 145(5)(b) of the 2011 Act)"and c ) state whether particular matters have come to my attention. Basis of Independent Examiners Statement My examinaknon was carried out in accordance with general directions given by the Charity Lommissi( includes a review of the accounting records kept by a charitable company and a comparison of the aci those records. It also includes consideration of any unusual items or disclosures in the accounts, and s from you as trustees concerning any such matters. The procedures undertaken do not provide all the be required in an audit, and consequently no opinion is given as to whether the accounts present a "ti the report is limited to those matters set out in the statement below. Independent Examiners Statement In connection with my examination no matter has come to my attention which gives me reasonable cause to believe that, in any material respect the requirements a) to keep accounting records in accordance with section 386 of the Companies Act 2006.and b) to prepare accounts which accord with the accounting records, comply with the accounting reqi of section 396 of the Companies Act 2006 and with the methods and principles of the Statemen Recommended Practice Accounting and Reporting by Charities. have not been met. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of t accounts to be reached. Mr Mark Shearing FCA 28g Jessopp Roa,
PEAPOD PRE-SCHOOL STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2020 (incorporating the income and expenditure account) Total Funds 2020 Totsl Funds 2019 INCOMING RESOURCES Incoming resources for generated funds Core Fees Core funding Donations Fund Raising 28,672 210,423 151 688 97,260 154,088 280 3,744 INVESTMENT INCOME Bank Interest 25 24 Totsl incoming resources 239.959 255,395 RESOURCES EXPENDED Cost of generating funds 508 1,022 Charitable activites 251,967 248,833 Governance costs (314) 1,273 Total resources expended 252,161 251,129 Net (resources)/lncoming before transfers (12,202) 4,266 Transfers Net (outtoming)/incoming resources after transfers (12,202) 4,266 Total funds brought fonmard at I September 2019 109,643 105,377 Total funds carried forward at 31 August 2020. 97,441 109,643 There are no recognised gains and losses in the statement of financial attivities and , consequently, no statement of total recognised gains and losses has been prepared. For Companies Act purposes, total income is £239,959 and total expenditure is £252,161 which is total incoming resources and total resource expenses as shown above. All the amounts relate to continuing activties.
The financial statements were approved by the Board of Directors on 13th April 2021 and were signed on it Katie Moore, Chair /C/ 6J.Zl
PEAPOD PRE-SCHOOL BALANCE SHEET AT 31 AUGUST 2020 Note 2020 CURRENT ASSEST Debtors Cash at bank and in hand (6) 365 110,204 110,569 CREDITORS Amounts falling due within one year (7) (13,128) (13,128) NET CURRENT ASSESTS 97,441 NET ASSETS 97,441 FUNDS Total Funds Represented by:_ Contingency Reserves Free Reserves Reserves carried forward (8) 50,000 47,441 97,441 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 20061 31 August 2020. The members have not required the company to obtain an audit of its financial statements for the year enc in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: a) ensuring that the charitable company keeps accounting records which comply with Settion 386 of the C( and b) preparing financial statements which give a true and fair view of the state of the affairs of the charitable end of each financial year and of its profit or loss for each financial year in accordance with requirements ol 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial sta applicable to the charitable company. These financFal statements have been prepared in accordance with the special provisions of Part 15 of the ( relating to small companies
PEAPOD PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS AT 31 AUGUST 2020 ACCOUNTING POLICIES The following accounting policies have been used consistently in dealing with items material in relation to the financial statements: Basis or preparation of accounts The financial statements have been prepared under the historical cost convention c Companies Act 2006. The financial statements have been prepared in accordance Recommended Practice (SORP), "Accounting and Reporting by Charities: Statement Practice" published in March 2005 (revised May 2008) and applicable accounting s. b) Fund accounting Unrestricted funds are available for use at the discretion of the Trustees in furthera objectives of Peapod Pre-school There were no restricted funds but £50,000 of designated funds. Incoming resources All income is accounted for as soon as Peapod Pre-school has entitlement to the inl of receipt and the amount is quantifiable d) Resources expended All expenditure is accounted for on an accruals basis
PEAPOD PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS AT 31 AUGUST 2020 2020 COST OF GENERATING FUNDS Fundraising Expenses 508 CHARITABLE ACTIVITIES Direct Costs: Staff Salaries Training Early years PP (included in Activity Equipment 2017) Attivity Equipment Bad debt expense Small Equipment Fund Raising purchases Books Refreshments School Dinners Protective clothing Staff Costs Premises Running Costs Rent Cleaning Repairs Postage and Stationery Printing and Photocopying Telephone and internet IT support and infrastucture Subscriptions Bank Fees Travel Sundry Expenses 204,635 385 605 8,672 311 93 2,391 2,976 958 909 810 19,446 5,789 246 729 945 175 812 112 112 856 251,967 GOVERNANCE AND SUPPORT COSTS Professional fees 314 TRUSTEE AND EMPLOYMENT INFORMATION Trustee information No remuneration was paid to the Trustees during the year (2020:£nil). b) Employee Information 2020
The average number of staff employed during the year was: 15 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 Trade Debtors Prepayments 365 365 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 Other Creditors PAYE & NIC DUE Pension Client Deposits Income Received in Advance Accruals 1,589 2,720 7,800 719 300 13,128 ANALYSIS OF FUNDS Net Current Assets 2020 General Fund 47,441 Designated Fund 50,000 97,441 RELATED PARTY DISCLOSURES During the year there were no related party transactions (2020: none)