**REGISTERED CHARITY NUMBER: 1161814**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **FOR**
## **TYDD ST MARY PRE-SCHOOL**
Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
**TYDD ST MARY PRE-SCHOOL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|12|
|**Detailed Statement of Financial Activities**||13||
**TYDD ST MARY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. 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 Charity works for the public benefit having as its objects the development and education of children primarily under statutory school age in particular by:
- Promoting their care and safety
- Promoting their education and promoting parental involvement
- Promoting their health and wellbeing
- Providing services to support them and their families and carers
- Providing services to support the training of individuals working within the pre-school
The Trustees support the aims of the Pre-School and have the power to do all such lawful things as shall further the attainment of the said aims; raise funds, employ on such terms and conditions of employment as the group shall determine any paid or voluntary worker or workers to assist in the attainment of the said aims.
## **Public benefit**
The trustees have complied with the duty in section 17 of the 2011 Charity Act, to have due regard to guidance published by the Charity Commission, including public benefit guidance.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Tydd St Mary Pre-School is competently managed by Mrs Sheila Melton who leads a small team of devoted, caring and enthusiastic staff.
With the continuation of the Covid-19 Pandemic, this has been an extremely challenging year for all. The Pre-School was closed from March 2020 to June 2020 and the committee was unable to meet. During this time, the Manager kept in contact with the families giving links and suggestions for home schooling and the committee kept in contact via email ensuring the continued running of the Pre-School and transparency regarding monies spent. Following the Government Guidance the Pre-School re-opened for a short time in July for those children transitioning to Primary School in September. Risk assessments, new procedures and protocols ensured everything was being done to limit the risk of transmission to keep children, their families and the staff safe and staff were on hand to allay parents fears when returning to Pre-School. Leaving presents were distributed to all the children going on to Primary School.
In September the Pre-School welcomed children back and it was lovely to see the children enjoying time with their peers, revisiting friendships and gaining confidence and new skills with the encouragement of the staff. Although a Christmas Party was unable to be held, the children all received a gift from Father Christmas.
The long-standing Deputy Manager retired at the end of the year and the Committee promoted the Childcare Practitioner to the role. A panel of three from the Committee carried out a recruitment process which resulted in the position being filled in the New Year.
Although numbers were extremely low in the New Year, by mid-March most children had returned and enquiries were received from new parents. The new play tower and softpour was installed, facilitated by the grants received, which the children have thoroughly enjoyed exploring and promoting their development.
Considering these difficult times, the Trustees are pleased that the accounts shows a healthy figure and good use of resources.
## **Fundraising activities**
Due to the Covid-19 pandemic, it has been extremely difficult to hold the usual fund-raising events. The main fund-raising event, the village Drive sale had to be postponed for a year. A regular donation from a member of the community is thankfully received and the committee registered with Amazon Smile which gives a donation from orders received. We look forward to being able to once again hold fund-raising events in the community.
Page 1
**TYDD ST MARY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
## **FINANCIAL REVIEW Principal funding sources**
The Primary source of funding is from Lincolnshire County Council Early Years Grants.
## **Reserves policy**
The charity's current level of free reserves (total funds less the amounts held in fixed assets and restricted funds) is £24,028. The trustees monitor cashflow at the committee meetings and attempt to hold a contingency equal to three months salary costs to cover short term funding shortfalls, together with a contingency towards potential redundancy costs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is governed by its constitution dated 14 May 2012, as amended on 18 May 2015 and 2 July 2018. The charity was registered with the Charity Commission on 26 May 2015.
The Pre-School is a member of the Pre-School Learning Alliance.
## **Organisational structure**
The Charity is run by a committee of volunteers who have been suitably DBS checked. The Committee meets at least six times a year and ensures the smooth running of the Pre-School and that the aims and objectives are being met. As per the constitution the committee consists of parent members (those that have children attending the pre-school, currently two) and other members (those other interested individuals, currently three).
The Committee are voted in at an Annual General Meeting and stay on the committee until they resign, are voted off at an AGM or are removed at an Extraordinary meeting.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1161814
## **Principal address**
Trafford Room Common Way Tydd St Mary Wisbech PE13 5QY
## **Trustees**
Miss B M Fursse Mrs L B Groves Mrs S M Lilley Ms S Onions Mrs E Wenham
## **Independent Examiner**
Emma Booty FCCA Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
Page 2
**TYDD ST MARY PRE-SCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
Approved by order of the board of trustees on 30 November 2021 and signed on its behalf by:
Miss B M Fursse - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TYDD ST MARY PRE-SCHOOL**
## **Independent examiner's report to the trustees of Tydd St Mary Pre-School**
I report to the charity trustees on my examination of the accounts of Tydd St Mary Pre-School (the Trust) for the year ended 5 April 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
Emma Booty FCCA Wheelers Chartered Accountants & Tax Consultants 27-29 Old Market Wisbech Cambridgeshire PE13 1NE
13 December 2021
Page 4
## **TYDD ST MARY PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
5,620
7,589
**Charitable activities**
Nursery
33,628
-
Other trading activities
2
10
-
Investment income
3
5
-
**Total**
39,263
7,589
**EXPENDITURE ON**
**Charitable activities**
Nursery
37,869
-
**NET INCOME**
1,394
7,589
**Transfers between funds**
11
8,262
(8,262)
**Net movement in funds**
9,656
(673)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
28,805
673
**TOTAL FUNDS CARRIED FORWARD**
38,461
-|5.4.21
5.4.20
Total
Total
funds
funds
£
£
13,209
790
33,628
37,405
10
1,198
5
18
46,852
39,411
37,869
35,498
8,983
3,913
-
-
8,983
3,913
29,478
25,565
38,461
29,478|5.4.21
5.4.20
Total
Total
funds
funds
£
£
13,209
790
33,628
37,405
10
1,198
5
18
46,852
39,411
37,869
35,498
8,983
3,913
-
-
8,983
3,913
29,478
25,565
38,461
29,478|
|---|---|---|
|||39,411
35,498|
|||3,913
-|
|||3,913
25,565|
|||29,478|
The notes form part of these financial statements
Page 5
## **TYDD ST MARY PRE-SCHOOL**
## **BALANCE SHEET**
## **5 APRIL 2021**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
14,433
-
**CURRENT ASSETS**
Stocks
8
705
-
Debtors
9
-
-
Cash at bank and in hand
33,483
-
34,188
-
**CREDITORS**
Amounts falling due within one year
10
(10,160)
-
**NET CURRENT ASSETS**
24,028
-
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
38,461
-
**NET ASSETS**
38,461
-
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|5.4.21
Total
funds
£
14,433
705
-
33,483
34,188
(10,160)
24,028
38,461
38,461
38,461
-
38,461|5.4.20
Total
funds
£
6,264
798
378
23,554
24,730
(1,516)
23,214
29,478
29,478
28,805
673
29,478|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 November 2021 and were signed on its behalf by:
B M Fursse - Trustee
L B Groves - Trustee
The notes form part of these financial statements
Page 6
**TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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 - 5% on cost Equipment - 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from 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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
**TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||5.4.21|5.4.20|
||£|£|
|Fundraising events|-|1,198|
|Sundry income|10|-|
||10|1,198|
|**INVESTMENT INCOME**|||
||5.4.21|5.4.20|
||£|£|
|Bank interest receivable|5|18|
## **3. INVESTMENT INCOME**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
During the year ended 5 April 2021, one trustee received remuneration by virtue of employment with the charity. The Charity Commission gave an order on 24 February 2021 that Mrs S M Lilley, a trustee, could be employed as an Early Years Practitioner and receive reasonable remuneration for her employment. The gross amount paid to Mrs S M Lilley during the year was £2,049.
There were no other trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **6.**
|Nursery staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
117
**Charitable activities**
Nursery
37,405
Other trading activities
1,198
Investment income
18
**Total**
38,738
**EXPENDITURE ON**
**Charitable activities**
Nursery
35,498|5.4.21
3
Restricted
funds
£
673
-
-
-
673
-|5.4.20
3
Total
funds
£
790
37,405
1,198
18
39,411
35,498|5.4.20
3
Total
funds
£
790
37,405
1,198
18
39,411
35,498|
|---|---|---|---|
|||||
||||39,411
35,498|
continued...
Page 8
## **TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**NET INCOME**
3,240
673
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
25,565
-
**TOTAL FUNDS CARRIED FORWARD**
28,805
673
**7.**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
Equipment
£
£
**COST**
At 6 April 2020
6,211
27,148
Additions
-
9,246
At 5 April 2021
6,211
36,394
**DEPRECIATION**
At 6 April 2020
2,799
24,296
Charge for year
311
766
At 5 April 2021
3,110
25,062
**NET BOOK VALUE**
At 5 April 2021
3,101
11,332
At 5 April 2020
3,412
2,852
**8.**
**STOCKS**
5.4.21
£
Stocks
705|Total
funds
£
3,913
25,565
29,478
Totals
£
33,359
9,246
42,605
27,095
1,077
28,172
14,433
6,264
5.4.20
£
798|Total
funds
£|
|---|---|---|
|||3,913
25,565|
|||29,478|
continued...
Page 9
**TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|||||5.4.21|5.4.20|
|---|---|---|---|---|---|
|||||£|£|
||Debtors|||-|378|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**|||
|||||5.4.21|5.4.20|
|||||£|£|
||Trade creditors|||-|60|
||Accruals and deferred income|||10,160|1,456|
|||||10,160|1,516|
|**11.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 6.4.20|in funds|funds|5.4.21|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|27,008|1,394|10,059|38,461|
||Climbing Frame|1,797|-|(1,797)|-|
|||28,805|1,394|8,262|38,461|
||**Restricted funds**|||||
||Climbing Frame|673|7,589|(8,262)|-|
||**TOTAL FUNDS**|29,478|8,983|-|38,461|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||39,263|(37,869)|1,394|
||**Restricted funds**|||||
||Climbing Frame||7,589|-|7,589|
||**TOTAL FUNDS**||46,852|(37,869)|8,983|
continued...
Page 10
**TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
Transfers
movement
between
At 6.4.19
in funds
funds
£
£
£
**Unrestricted funds**
General fund
25,565
2,184
(741)
Climbing Frame
-
1,056
741
25,565
3,240
-
**Restricted funds**
Climbing Frame
-
673
-
**TOTAL FUNDS**
25,565
3,913
-|At
5.4.20
£
27,008
1,797|
|---|---|
||28,805
673|
||29,478|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|37,682|(35,498)|2,184|
|Climbing Frame|1,056|-|1,056|
||38,738|(35,498)|3,240|
|**Restricted funds**||||
|Climbing Frame|673|-|673|
|**TOTAL FUNDS**|39,411|(35,498)|3,913|
A current year 12 months and prior year 12 months combined position is as follows:
|Net
Transfers
movement
between
At 6.4.19
in funds
funds
£
£
£
**Unrestricted funds**
General fund
25,565
3,578
9,318
Climbing Frame
-
1,056
(1,056)
25,565
4,634
8,262
**Restricted funds**
Climbing Frame
-
8,262
(8,262)
**TOTAL FUNDS**
25,565
12,896
-|At
5.4.21
£
38,461
-|
|---|---|
||38,461
-|
||38,461|
continued...
Page 11
**TYDD ST MARY PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|76,945|(73,367)|3,578|
|Climbing Frame|1,056|-|1,056|
||78,001|(73,367)|4,634|
|**Restricted funds**||||
|Climbing Frame|8,262|-|8,262|
|**TOTAL FUNDS**|86,263|(73,367)|12,896|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2021.
Page 12
**TYDD ST MARY PRE-SCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
||5.4.21|5.4.20|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|6,209|790|
|Grants|7,000|-|
||13,209|790|
|**Other trading activities**|||
|Fundraising events|-|1,198|
|Sundry income|10|-|
||10|1,198|
|**Investment income**|||
|Bank interest receivable|5|18|
|**Charitable activities**|||
|Nursery fees|639|2,106|
|Early years funding|32,989|35,299|
||33,628|37,405|
|**Total incoming resources**|46,852|39,411|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|27,566|26,032|
|Pensions|169|149|
|Rent|1,910|1,950|
|Insurance|475|475|
|Telephone|277|291|
|Postage, stationery and advertising|922|664|
|Sundries|430|428|
|Nursery costs|2,510|2,522|
|Repairs and renewals|1,006|671|
|Dinosaur Park trip|-|72|
|Depreciation of improvements|311|311|
|Depreciation of equipment|766|908|
|Grants to individuals|375|-|
||36,717|34,473|
|**Support costs**|||
|**Governance costs**|||
|Accountancy and payroll fees|1,152|1,025|
|Total resources expended|37,869|35,498|
|**Net income**|8,983|3,913|
This page does not form part of the statutory financial statements
Page 13