TESTON & WATERINGBURY PRESCHOOL CIO
REPORT & ACCOUNTS
FOR THE
YEAR ENDED 31 AUGUST 2022
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TESTON & WATERINGBURY PRESCHOOL CIO
CONTENTS
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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
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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
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TESTON & WATERINGBURY PRESCHOOL
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022
The trustees have pleasure in submitting their report together with the Accounts for the year ended 31 August 2022.
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:
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TESTON & WATERINGBURY PRESCHOOL
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
We report on the accounts of the charity for the year ended 31 August 2022, 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:
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1) Which gives us reasonable cause to believe that, in any material respect, the requirements:
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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:
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TESTON & WATERINGBURY PRESCHOOL
STATEMENT OF INCOME & EXPENDITURE
FOR THE YEAR ENDED 31 AUGUST 2022
| 2022 Notes £ INCOME KCC Fees 60,636 Parent Fees 31,764 Profit on Fund Raising 2 1,556 Apprenticeship Grant 3,000 Local Council Donation 2,000 Covid Recovery Grant 1,766 KCC Collaboration Grant 753 Deposit Account Interest 13 Donations 186 EXPENDITURE Salaries & Pension 83,977 Rent and Electricity 5,686 Insurance 554 Postage, Stationery & Advertising 961 Telephone 240 Playgroup materials, Food & Sundries 860 Small Toys & Equipment 344 Outside Grass 3,250 Uniforms 145 Subscriptions / Licences 515 PLA 144 Accountancy & Payroll 624 Training 944 Donation 50 Staff Welfare 253 Sundry Expenses 3 89 EXCESS OF INCOME OVER EXPENDITURE |
2021 £ £ £ 60,234 31,848 1,926 - - 841 9 640 101,674 95,498 83,212 5,280 487 1,218 240 1,136 1,376 - 364 550 - 504 215 400 245 21 98,636 95,248 3,038 250 |
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TESTON & WATERINGBURY PRESCHOOL
BALANCE SHEET
| AS AT 31 AUGUST 2022 Notes £ Cash at - Current Account 1,128 - Deposit Account 15,011 Cash in Hand - NET CURRENT ASSETS UNRESTRICTED FUNDS Opening Balance 13,101 Excess of Income over Expenditure 3,038 |
2022 2021 £ £ 101 13,000 - 16,139 12,851 250 16,139 |
£ 13,101 |
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13,101 |
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:
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TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
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.
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TESTON & WATERINGBURY PRESCHOOL
NOTES TO THE ACCOUNTS
AS AT 31 AUGUST 2022
2 PROFIT ON FUND RAISING
| Christmas Raffle Christmas Cards Christmas Concert Bag 2 School Matchbox Challenge Cake Sale Sports Day 2 SUNDRY EXPENSES Children’s Christmas Gifts Ice Creams Flowers for Church |
2022 £ 230 51 206 168 528 60 313 1,556 2022 £ 38 32 19 89 |
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