TESTON & WATERINGBURY PRESCHOOL CIO
REPORT & ACCOUNTS
FOR THE
YEAR ENDED 31 AUGUST 2021
Page 1
TESTON & WATERINGBURY PRESCHOOL CIO
CONTENTS
----- Start of picture text -----
Page
Contents and Advisors 1
Trustees Report 2
Independent Examiners Report 3
Income and expenditure Account 4
Statement of Assets 5
Notes to the Accounts 6-7
TRUSTEES
Tina Driver Caroline Smedley
Andrew Driver Adele Solomides
----- End of picture text -----
INDEPENDENT EXAMINERS
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
BANKERS
National Westminster Bank Plc West Malling Branch 43 Swan Street West Malling Kent ME19 6HF
Page 2
TESTON & WATERINGBURY PRESCHOOL
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2021
The trustees have pleasure in submitting their report together with the Accounts for the year ended 31 August 2021.
CONSTITUTION, OBJECTS & POLICIES
The Teston & Wateringbury Preschool operates under Model CIO Constitution for Childcare Providers 2013, dated 3 April 2015. It is a charity – number 1162154. The objective of the charity is to advance the development and education of children and provide an environment, which is safe, happy and conducive to individual and group play. It aims to prepare children for the discipline and routine of school.
TRUSTEES
The following acted as trustees during the year: -
Tina Driver Andrew Driver
Caroline Smedley Adele Solomides
FINANCIAL REVIEW
This report was approved by the trustees and signed on their behalf by:
Andrew Driver – Trustee Date:
Page 3
TESTON & WATERINGBURY PRESCHOOL
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
We report on the accounts of the charity for the year ended 31 August 2021, which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity’s trustees you are responsible for the preparation of the Accounts: you consider that the audit requirement of S144(2) of the charities Act 2011 (the 2011 Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under S145(5)(b) of the 2011 Act, whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINERS’ REPORT
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not, express an opinion as to whether the accounts present a “true and fair view”, and the report is limited to those matters set out in the next statement.
INDEPENDENT EXAMINERS’ STATEMENT
In connection with our examination, no matter has come to our attention:
-
1) Which gives us reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with S130 of the Act; and
-
to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
have not been met;
- 2) To which, in our opinion, attention should be drawn to enable a proper understanding of the Accounts to be reached.
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
Date:
Page 4
TESTON & WATERINGBURY PRESCHOOL
STATEMENT OF INCOME & EXPENDITURE
FOR THE YEAR ENDED 31 AUGUST 2021
| 2021 Notes £ INCOME KCC Fees 60,234 Parent Fees 31,848 Profit on Fund Raising 2 1,926 Covid-19 Furlough Grant - KCC Collaboration Grant 841 Deposit Account Interest 9 Donations 640 EXPENDITURE Salaries & Pension 83,212 Rent and Electricity 5,280 Insurance 487 Postage, Stationery & Advertising 1,218 Telephone 240 Playgroup materials, Food & Sundries 1,136 Small Toys & Equipment 1,376 Uniforms 364 Subscriptions / Licences 550 PLA - Accountancy & Payroll 504 Training 215 Donation 400 Staff Welfare 245 Sundry Expenses 3 21 EXCESS OF INCOME OVER EXPENDITURE |
2020 £ £ £ 62,573 17,935 3,024 2,354 908 28 430 95,498 87,252 78,041 3,797 429 674 260 790 1,506 656 35 141 504 15 - - 121 95,248 86,969 250 283 |
|---|---|
Page 5
TESTON & WATERINGBURY PRESCHOOL
BALANCE SHEET
| AS AT 31 AUGUST 2021 Notes £ Cash at - Current Account 101 - Deposit Account 13,000 Cash in Hand - NET CURRENT ASSETS Debtors (yoga doantions) - Creditors (Saplings Collaboration Funds) - NET CURRENT ASSETS UNRESTRICTED FUNDS Opening Balance 12,851 Excess of Income over Expenditure 250 |
2021 2020 £ £ 1,215 12,000 - 13,101 96 (460) 13,101 12,568 283 13,101 |
£ 13,215 |
|---|---|---|
12,851 |
||
| 12,851 |
The notes on pages 6 to 7 form part of these accounts.
Approved by the trustees and signed on their behalf:
Andrew Driver – Trustee
Date:
Page 6
TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
1 ACCOUNTING POLICIES
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and include the results of the charity’s operations which are described in the Trustee’s Report and all of which are ongoing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
Income
Income is accounted for as received by the charity.
Value added tax
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Income and Expenditure.
Expenditure
The trustees consider that all expenditure is directly attributable to the charity’s objectives.
Funds of the Charity
The unrestricted funds are those which can be applied for any of the purposes for which Teston and Wateringbury Nursery Group was established.
Page 7
TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
AS AT 31 AUGUST 2021
2 PROFIT ON FUND RAISING
| Bounceathon Christmas Raffle Bag 2 School Yoga Smartie Challenge Plant Sale Sports Day 2 SUNDRY EXPENSES Children’s Christmas Gifts |
2021 £ 848 333 372 36 161 17 159 1,926 2021 £ 21 21 |
|---|---|