## **Parkwood Pre school CIO,** 

## **Deanwood Drive, Rainham, Kent ME8 9LP** 

## **Tel: 01634 231425 Email: parkwoodpreschool@btconnect.com Registered Charity: 1161834   Manager Mrs. P.M. Cheney** 

## **2020/2021** 

Parkwood Pre-school CIO has been open since 1997 and serves the local residential and surrounding community of Park Wood. 

The setting operates from large static units in the grounds of Park Wood School Federation and has an extensive outdoor area, accessed by the children daily, plus a ‘forest area’ which children access for one full day each week. 

Children from the age of 2 years attend the setting for a maximum of 15 hours, term time only. 

Free ‘Play sessions’ are on offer for children who are not yet 2 and will be starting in the 2year old room and children not yet 3 years old who will be starting in the 3year old room.  Children are accompanied by their parent/carer 

Session times are 9.00am – 3.00pm and also on offer a ‘Breakfast Club’ starting at 7. 30am and ‘Holiday Club’ six times a year. Both of these are well attended. 

2020/21 During this period 150 children were on roll. 

## **Successes** 

- Extension cupboard area for resources 

- Employed extra qualified staff for the 2 yr and 3/4yr old room 

- Start and finish times changed so parents/carers do not have contact with lots of school parents beginning and end of the day 

## **Concerns** 

- Continued pandemic 

- Unable to furlough staff due to receiving government funding 

- Significant loss of income 

## **Ways forward** 

- To continue to support the community 




PARKWOOD PRE-SCHOOL CIO
Financial Statements for the year ended
31st March 2021

Parkwood Pre School
Independent examinefs report to the trustees of the Parkwood Pre School for the
year ended 31 March 2021
I report on the accounts of the company for the year ended 31 March 2021 which are set out on pages
7tol1.
Respe¢tfve responsibilities of trustees and examlner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is
not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an
independent examination is needed. l am qualified lo undertake the examination by being a membor
of the Institute of Chartered Accourrtants for England and Wales.
Having satisfied myself that the charity is not subject to audit under company law and 15 eligible for
independent examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the general Dirertlons given by the Charities Commission under
section 14515}Ibl of the 2011 Act.
and to state whether particular matters have come to my attention.
Basis of indepondent oxamin*s ￿port
My examination was carried out In accordance with the general directions gwen by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented wth those records. It also includes consideration of any
unusual items or disctosures in the accounts, and seeking explanatir)ns from you as trustees
0)n￿rnIng any such matters. The Pro￿dUreS undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present a
ue and fair vievl and the report is limited to those matters set out in the ststemenl below.
Independent examinerfs statement
In connectron my examination. no matter has wme to my attention which gives me reasonable
cause to telieve that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006., and
to prepare accounts which accord with the accounting records, comply wth the accounting
requirements ol section 396 of the Companies Act 2006 and with the methods and prtnciples of the
Statement of Recommended Practice.. Accounting and Reporting by char￿eS have not been met.
Jennifer Richardson
Chartered Accountant
14th June 2021

Parkwood Pr&School CIO
Statement of Financial Activities
for the year ended 31st March 2021
Not88
2021
2020
INCOMING RESOURCES
Incoming resour¢es from genfrrated funds
Voluntary Income
177.770
202,716
Interest received
Totsl Incomlng Re80urc88
177 773
203,102
RESOURCES EXPENDED
Costs of g•n•rating funds
Costs of generating voluntaFy income
193,532
201,403
Total r¢source8 axponded
193,532
201403
NET INCOMING RESOURCES
(15,7591
1.699
RECONCILIATION OF FUNDS
Balance brought forward
90,038
88.339
TOTAL FUNDS CARRIED FORWARD
74,279
90.038

Parkwood Pre-school CIO
Balance Sheet
As at 31 March 2021
Notes
2021
2020
Fixed assets
Tangible assets
10,737
14,316
Current assets
Prepayments
Cash at bank and in hand
2,946
62,064
65,010
76,622
76,622
Credltors: amounts falling due
within one year
{1.468)
1900)
Net current assets
63,542
75,722
N9t assets
74,279
90.038
Funds
Profit and loss attount
74,279
90,038
Shareholders. funds
74,279
90.038
Chairperson
Approved by the board on 15th June 2021

Parkwood Pre-school CIO
Notes to the Accounts
for the year ended 31 st March 2021
1 Accountlng pollcles
Incoming resource8
All incoming resources ar8 included on th8 Statement of Financial Activities when the charty is
legally entirfed to the In￿Me and the amount can be quantified with reasonable accuracy.
Depreciation
Depreciation has been provided at the following rales in order to write off the assets over their
estimated useful lives.
Plant and machinery
25% reducing balance
FundAccounting
Unrestricted funds can be used in accordan￿ with the ¢haritable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes wthin the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted purposes.
2 Inve6tment Income and Management costs
2021
2020
Investment In¢ome
Interest receivable
408
Invostment management costs
Property repairs
5,507

Parkwood Preschool CIO
Notes to the A¢¢ounts
for the year ended 31st March 2021
3 Tangible fixod assets
Plant aftd
machinery
etc
Cost
At 6 April 2020
Additions
29,421
Al 5 April 2021
29,421
D8preclatlon
At 6 April 2020
Charge for the year
At S April 2021
15,105
18,684
Net book valu•
At 5 April 2021
10,737
At 6 April 2020
14,316
4 Dgbto
2021
2020
Other d8blors
S Cr•dStorn: amounts falllng due wlthln ona year
2021
2020
Other creditors
1,468
900
900
6 Movoment In funds
2021
Unrestricted Funds
At 6 April 2020
Net movement in funds
90,038
115,7591
At 5 April 2021
74,279
Incomlng
resources
Ro8ource8
expended
Movement
In funds
Unre8trlcted funds
General Fund
177,773
1193,532)
(15.7591
Totsl funds
177,T13
193532
15,759

Parkwood Pre-school CIO
Detailed statsment of financial actlvltles
for the year ended 31st March 2021
2021
Unrestricted
funds
2020
Unrestrlcted
Funds
INCOMING RESOURCES
Voluntary income
Nursery EducatKsn Fund
Sessions
Breakfast Club
Lunch
Holiday Club
SuThJry income
142,191
19,805
1,106
14,373
156,961
30,479
1,910
12.994
372
295
177,770
202,716
RESOURCES EXPENDED
Overheads
Nursery Consumables
Wage$ and salaries
Less reclaim of Nl Contributions
staff pensions
Staff training and welfare
Rent
Light and Heat
Cleaning
Telephone and fax
Subscriptions
Insurance
Depreciation
Sundry expenses
New build
Propety Maintenance
Accountancy fees
8,954
156,547
10.521
149,006
19,4171
3.082
1.609
4.750
2,999
1.246
999
220
2.980
4,771
630
22,596
2,063
3,348
201,403
1.751
2,895
1,584
3,836
2.922
948
367
3,372
3.579
310
5.507
*0
193,532
Total resources expended
193,532
201,403

PARKWOOD PRE-SCHOOL CIO
Financial Statements for the year ended
31st March 2021

Parkwood Pre School
Independent examinefs report to the trustees of the Parkwood Pre School for the
year ended 31 March 2021
I report on the accounts of the company for the year ended 31 March 2021 which are set out on pages
7tol1.
Respe¢tfve responsibilities of trustees and examlner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is
not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an
independent examination is needed. l am qualified lo undertake the examination by being a membor
of the Institute of Chartered Accourrtants for England and Wales.
Having satisfied myself that the charity is not subject to audit under company law and 15 eligible for
independent examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the general Dirertlons given by the Charities Commission under
section 14515}Ibl of the 2011 Act.
and to state whether particular matters have come to my attention.
Basis of indepondent oxamin*s ￿port
My examination was carried out In accordance with the general directions gwen by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented wth those records. It also includes consideration of any
unusual items or disctosures in the accounts, and seeking explanatir)ns from you as trustees
0)n￿rnIng any such matters. The Pro￿dUreS undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present a
ue and fair vievl and the report is limited to those matters set out in the ststemenl below.
Independent examinerfs statement
In connectron my examination. no matter has wme to my attention which gives me reasonable
cause to telieve that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006., and
to prepare accounts which accord with the accounting records, comply wth the accounting
requirements ol section 396 of the Companies Act 2006 and with the methods and prtnciples of the
Statement of Recommended Practice.. Accounting and Reporting by char￿eS have not been met.
Jennifer Richardson
Chartered Accountant
14th June 2021

Parkwood Pr&School CIO
Statement of Financial Activities
for the year ended 31st March 2021
Not88
2021
2020
INCOMING RESOURCES
Incoming resour¢es from genfrrated funds
Voluntary Income
177.770
202,716
Interest received
Totsl Incomlng Re80urc88
177 773
203,102
RESOURCES EXPENDED
Costs of g•n•rating funds
Costs of generating voluntaFy income
193,532
201,403
Total r¢source8 axponded
193,532
201403
NET INCOMING RESOURCES
(15,7591
1.699
RECONCILIATION OF FUNDS
Balance brought forward
90,038
88.339
TOTAL FUNDS CARRIED FORWARD
74,279
90.038

Parkwood Pre-school CIO
Balance Sheet
As at 31 March 2021
Notes
2021
2020
Fixed assets
Tangible assets
10,737
14,316
Current assets
Prepayments
Cash at bank and in hand
2,946
62,064
65,010
76,622
76,622
Credltors: amounts falling due
within one year
{1.468)
1900)
Net current assets
63,542
75,722
N9t assets
74,279
90.038
Funds
Profit and loss attount
74,279
90,038
Shareholders. funds
74,279
90.038
Chairperson
Approved by the board on 15th June 2021

Parkwood Pre-school CIO
Notes to the Accounts
for the year ended 31 st March 2021
1 Accountlng pollcles
Incoming resource8
All incoming resources ar8 included on th8 Statement of Financial Activities when the charty is
legally entirfed to the In￿Me and the amount can be quantified with reasonable accuracy.
Depreciation
Depreciation has been provided at the following rales in order to write off the assets over their
estimated useful lives.
Plant and machinery
25% reducing balance
FundAccounting
Unrestricted funds can be used in accordan￿ with the ¢haritable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes wthin the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for particular
restricted purposes.
2 Inve6tment Income and Management costs
2021
2020
Investment In¢ome
Interest receivable
408
Invostment management costs
Property repairs
5,507

Parkwood Preschool CIO
Notes to the A¢¢ounts
for the year ended 31st March 2021
3 Tangible fixod assets
Plant aftd
machinery
etc
Cost
At 6 April 2020
Additions
29,421
Al 5 April 2021
29,421
D8preclatlon
At 6 April 2020
Charge for the year
At S April 2021
15,105
18,684
Net book valu•
At 5 April 2021
10,737
At 6 April 2020
14,316
4 Dgbto
2021
2020
Other d8blors
S Cr•dStorn: amounts falllng due wlthln ona year
2021
2020
Other creditors
1,468
900
900
6 Movoment In funds
2021
Unrestricted Funds
At 6 April 2020
Net movement in funds
90,038
115,7591
At 5 April 2021
74,279
Incomlng
resources
Ro8ource8
expended
Movement
In funds
Unre8trlcted funds
General Fund
177,773
1193,532)
(15.7591
Totsl funds
177,T13
193532
15,759

Parkwood Pre-school CIO
Detailed statsment of financial actlvltles
for the year ended 31st March 2021
2021
Unrestricted
funds
2020
Unrestrlcted
Funds
INCOMING RESOURCES
Voluntary income
Nursery EducatKsn Fund
Sessions
Breakfast Club
Lunch
Holiday Club
SuThJry income
142,191
19,805
1,106
14,373
156,961
30,479
1,910
12.994
372
295
177,770
202,716
RESOURCES EXPENDED
Overheads
Nursery Consumables
Wage$ and salaries
Less reclaim of Nl Contributions
staff pensions
Staff training and welfare
Rent
Light and Heat
Cleaning
Telephone and fax
Subscriptions
Insurance
Depreciation
Sundry expenses
New build
Propety Maintenance
Accountancy fees
8,954
156,547
10.521
149,006
19,4171
3.082
1.609
4.750
2,999
1.246
999
220
2.980
4,771
630
22,596
2,063
3,348
201,403
1.751
2,895
1,584
3,836
2.922
948
367
3,372
3.579
310
5.507
*0
193,532
Total resources expended
193,532
201,403