TESTON & WATERINGBURY PRESCHOOL CIO
REPORT & ACCOUNTS
FOR THE
YEAR ENDED 31 AUGUST 2023
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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 2023
The trustees have pleasure in submitting their report together with the Accounts for the year ended 31 August 2023.
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 2023, 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
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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 2023
| 2023 Notes £ INCOME KCC Fees 62,798 Parent Fees 36,882 Profit on Fund Raising 1 1,838 Apprenticeship Grant - Local Council Donation - Covid Recovery Grant - KCC Collaboration Grant 841 Deposit Account Interest 212 Donations 500 Other2 76 EXPENDITURE Salaries & Pension 86,966 Rent and Electricity 5,730 Insurance 603 Postage, Stationery & Advertising 1,135 Telephone 256 Playgroup materials, Food & Sundries 707 Small Toys & Equipment 161 Outside Grass - Uniforms 289 Subscriptions / Licences 689 PLA 35 Accountancy & Payroll 504 Training 681 Donation 25 Staff Welfare 466 Sundry Expenses - EXCESS OF INCOME OVER EXPENDITURE |
£ 103,147 98,247 4,900 |
2022 £ £ 60,636 31,764 1,556 3,000 2,000 1,766 753 13 186 - 101,674 83,977 5,686 554 961 240 860 344 3,250 145 515 144 624 944 50 253 89 98,636 3,038 |
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TESTON & WATERINGBURY PRESCHOOL
BALANCE SHEET
| AS Notes Cash at - Current Account - Deposit Account Cash in Hand NET CURRENT ASSETS LIABILITIES Creditors NET ASSETS UNRESTRICTED FUNDS Opening Balance Excess of Income over Expenditure |
AT 31 AUGUST 2023 £ 1,850 20,030 - 21,880 841 16,139 4,900 |
2023 £ 21,039 21,039 |
2022 £ 1,128 15,011 - 16,139 - 13,101 3,038 |
£ 16,139 |
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16,139 |
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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 2023
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 2023
1 PROFIT ON FUND RAISING
| Christmas Raffle Christmas Cards Christmas Concert Bag 2 School Matchbox Challenge Time Photography Sports Day 2 Other Income Transfer of funds from TWNG bank |
2023 £ 320 17 599 232 273 47 350 1,838 2023 £ 76 |
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