## **Trustees' Annual Report for the period** **From** Period start date 1st Septembe 2021 r **To** Period end date 31[st] August 2022 ## Section A Reference and administration details **Charity name** Padnell Pre-School **Other names charity is known by** **Registered charity number (if any)** 1167296 **Charity's principal address** Padnell Avenue Cowplain Waterlooville **Postcode PO8 8DS** ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
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whole year
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1 Stephanie Smith Chair
2 Hannah Shepherd Secretary
3 Mandy Grayson Trustee
4 Diane Kingsbury Treasurer
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## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** Dec 2022 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Articles of Association - (eg. trust deed, constitution) Company Limited by Guarantee How the charity is constituted - (eg. trust, association, company) Trustee selection methods Elected by members - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. The Pre-School is a charitable company limited by guarantee incorporated in March 2011 and registered as a charity June 2011. The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Some trustee/ directors receive remuneration for work carried out other than their duties as trustees, in accordance with the articles of association. These services are subject to a written agreement between the individual and the Pre-School, the level of remuneration for these services does not exceed the amount which would customarily be paid for these services and not more than a minority of trustee/directors may be at any time subject to such arrangements. Trustees are elected annually at the Annual General Meeting. Most trustees are already familiar with the practical work of the charity. Trustees are given job descriptions for their role as trustee and are encouraged to attend training sessions. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the **TAR** 2 Dec 2022 financial position of the pre-school and to enable them to ensure that the financial statements comply with the Companies Act 1985. Budgets are completed annually and updated monthly to take into account all factors affecting income and expenditure. ## **Section C Objectives and activities** The aims of the pre-school are to enhance the development and **Summary of the objects** education of children primarily under statutory school age by **of the charity set out in** encouraging parents to understand and provide for the needs of **its governing document** their children through community groups. **Summary of the main** We offer appropriate play, education and care facilities and **activities undertaken for** family learning, together with the right of parents to take **the public benefit in** responsibility for and to become involved in the activities of such **relation to these objects** groups, ensuring that such groups offer opportunities for all **(include within this** children whatever their race, culture, religion, means or ability. **section the statutory declaration that trustees** We encourage the study of the needs of such children and their **have had regard to the** families and promote public interest in and recognition of such **guidance issued by the** needs in the local areas.We instigate and adhere to the aims and **Charity Commission on** objects of the Early Years Alliance. **public benefit)** ## **Additional details of objectives and activities (Optional information)** We have active parent partnerships, involving families of the preschool to help organise events throughout the year. You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. After the storm in February 2022 the canopy was severely damaged, a member of staff did a Go Fund Me ‘Rowathon’ to raise funds for the repair. After discussion with the staff/trustees, it was agreed to refurbish the kitchen, enabling the staff to have a designated lunch area, and enable us to have cookery time with the children. Provide a replacement welly rack, and new wellies for the children, for outside play in all weathers. Provide a calming area for the children to use, to support their overall wellbeing and emotional regulation. Sale of old used toys and books, with a waste not want not philosophy to raise funds for new purchases more suited to the new curriculum. **TAR** 3 Dec 2022 Section D Achievements and performance ## **Summary of the main achievements of the charity during the year** We raised £1700.00 approximately for the canopy repair. We received a very kind offer from Groundworks, to repair the canopy at no cost to the preschool over the May half term. Therefore the Go Fund Me money raised was, after discussion, transferred to the refurbishment of the kitchen area. The kitchen refurbishment was completed during the August school holidays, carried out by the selected quotation/builder and two members of staff taking on the demolition and painting tasks. This enabled us to keep the cost within a very modest £2000.00, which included the purchase of all new white goods, (including a dish washer!). A grandad kindly offered to make us a new wellie rack, and we used the remaining money, from the wet suit donation, to purchase new wellies for all the children. In respect of our new calming area we have purchased new resources, such as a tepee, bubble tube, and soft furnishings. ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** A Reserves Policy is in place to allow funds to be available to sustain the pre-school if income falls below expected levels and meet any redundancy obligations or unexpected building maintenance costs. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** **TAR** Dec 2022 4 We are currently showing a bad debt of £554.90 at year end, We will endeavour to recoup as much of this outstanding money as possible, via emails, and letters. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** S Smith **Full name(s)** Stephanie Smith **Position (eg Secretary,** Chair **Chair, etc) Date** **TAR** Dec 2022 5 Registered number 07556426 Charity number 1167296 Padnell Pre-school Report and Unaudited Accounts 31 August 2022 Salty Grant Limited Chartered A¢¢ountants Padnell Pre-school Registered number: Charity number: Directors, Report 07556426 1167296 The directors present their report and accounts for the year ended 31 August 2022. Principal actSvitl¢s The company's principal 8Ctivrty during the year continu&J to be the provision of a pre-school for the advancement and educatson of children. Directors The following persons served as directors during the year. Stephanie Elliott Hannah Shepherd Amey Turnei Amanda Grayson Diane Kingsbury Kayleigh Gyles Kaylee Read Ch811 Secretary apFX)inted 11110r2021 Secretary resyned 11110r2021 reswned resyned 1111012021 11110r2021 The directors have had ward to the guhYan¢e issued by the Clprity Commission on publi¢ benefit. Achlevements and Perforn7ance Please view the Trustees Annual Report for achievements in the year. Fln•nclal Rovlew Funding levels from Hampshire County thncil flLthate M a bTryear ¢y¢le a¢¢ording lo the proportion of ￿0-year￿oIdS. Funding was low during the period under review bul this should fecover in the year 2022-23. Small company provlslons This report has been prepared in accordance Ihe provisions in Part 15 of the Companies Act 2006 applicable lo companies subject lo the small companies re9ime. This reFQrt was approved ty the board on 04 April 2023 and wned by its order. Diane Kingsbury Director Padnell Pre-school Independent Examiners. report on the accounts of Padnell Pre-school for the year ended 31 August 2022 Respective responsibilities of trustses and examiner The charitys trustees Idirectorsl are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under seth.on 144 of the Charf(ies Act 2011 Ithe Charitres Acll and that an independent examination is needed. 11 is my responsibility lo.. ' examine the accounts under sect￿￿ 145 of the Charities Act). • to follow the procedures laid down in the general Directions given by the Charity Commission {under section 14515llbl of the Chanbes Act, and . to state whether partieular matters have come to my attent*)n. Basis of Independent examIno￿8 statement My examination was ¢arried out in accordance general Directions given by the Charity Commission. An examinat50n includes a review of Ihe accounting records kept by the charity and a ¢ompaTison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanats'ons from the trustees Con￿rning any such matters. The p(ocedure5 undertaken do not provide all the eV￿ence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'lrue and fair, view and the ￿pOrt is limited to those matters sel out in the statement below. Independent examinerf8 Statsment In connection with my eXaminat￿n. no matter has come to my attent￿)n to indi¢al¢ IhaL' ' a¢counlin9 records have not been kept in accordance wlh seCi￿n 386 of the Companies Act 2006,. the accounts do not ac¢ord with such records. where the accounts are prepared on the accnjals basi$. whether they fail lo comply wlh relovanl accounting requirements under section 396 of the Companies Act 2￿. or are not consislenl with the Charities SORP IFRS 1021 'any matter which the examiner beI￿VeS should be drawn to the attention of the ￿ader lo gain a proper understanding of the accounts. I have no ¢oncems and have come across no other matters in ¢onnection the examination lo which attention should be drawn in this re￿rt in order to enable a proper understanding of the accounts lo be reached. Mrs S A Walker FCA FCIE 3 L8dybridge Road Purbrook Waterloovil Hampshire P07 SRP 04 April 2023 Padnell Pre￿chool Proflt and Loss Account for the year ended 31 August 2022 2022 2021 Turnov•r 127.094 135,916 Oirecl Costs (104.030) {110,6151 Gro88 Surplus 23,C64 25,301 Administrative expenses (33,208) 131,3061 Operatlng deflclt {10,1441 16,0051 Interest receivable Intsrest payable D•ficSt on ordlnary •¢tlvltlM hforo tsxation 110,1371 6,0041 Tax on deficit on ordinary activities D•fSclt for thfr fln•n¢lal y•ar 10,137 6,004 Padnell Pre-school Statement of Flnancial Activities for the year onded 31 August 2022 2022 unrests.cted Funds 2022 Restricted Funds 2022 Totsl Funds 2021 Last Year Incoming Resour￿8 Fees from operating actwibes Grants for operating activitrtes Donations Fundraising and activities Unifom sales Interest ieceived 19.159 104,911 20 19,159 105.521 1,771 486 157 12.924 122,520 610 1.751 157 472 Total income 124,740 2.361 127.101 135.917 Expenditure Pre-school wnning costs Sale$ & training Fundraising Overheads Adminisiralion 101,301 1.578 20 18.758 12,749 1.131 102.432 1,578 20 20,459 12,749 107,603 3,012 1,701 18.769 12,537 Total Expend1￿￿ 134.406 2,832 137.23B 141.921 Net of rnc•lpts/(p8yments) Transfer8 between furbds Funds Brought Fo￿ard rotal Funds cankn lonvard (9.666 {471) (10,1371 (6,0041 61698 529 62227 68231 52,032 52,090 62.227 La8t Year 2021 Un￿S￿cle￿ Fund$ 2021 Restricted Funds 2021 Last Year lTrcomlng Re8ource8 Fees from operating activities Grants for operating aclivilites Fundraising and activities Uniform sales Interest received 12.924 121,122 12,924 122,520 1,398 472 472 Totsl income 134,519 1,398 Expenditure Pre-school running costs Sales & training Fundraising Overheads Administration 135.917 1C6.304 3.012 1.299 107,603 3.012 18,769 12,537 18,769 12,537 Total Expenditure 140,622 1.299 141,921 Net of reeeipts/(payments) 6.103 99 {6,004} Padnell Pre-school Registered number: Balance Sheet as at 31 August 2022 07556426, Note8 2022 2021 Flxed assets Tangible assets 4,209 4,209 Current assets Stocks Debtors Cash at bank and in hand 521 5,663 47.430 53.614 473 2,903 57,496 60.872 Credltors: amounts falllng due wlthln ong yoar 14.3301 {2.854) Not curr•nt a880ts 49.284 58,018 Total a88ets1•88 current 52,090 62,227 Prov181on8 for Ilabllltl¢8 Net a880ts 52.090 62.227 Capltal and re8eTh Unreslricled Funds Reslricled Funds Sharèholder's funds 52,032 58 61,698 529 52.090 The directors are satisfied that the company is entrtled to exempb.on from the wuirement lo obtain an audit under section 477 of the Compan*s Act 2006. The member has not required the company to obtain an audrt in accordance with section 476 of the Act. The direcloTS acknowledge Iheif responsibilitses for eomplying with the requirements of the Companies Act 2006 with resFect to accounting records and the Fxeparalion ol a¢￿unts. The accounts have been prepared aThJ delivere(l in accordance with the special provisions applicable lo companies subject lo the small companies regime. The profit and loss account ha5 not been delivered lo the Registrar of Compan*s. Stephanie Elliott Director Approved by the board on 04 April 2023 Padnell Pre-school Notes to the Accounts for the year ended 31 August 2022 1 Accounling polici Basls of preparatlon The accounts have been prepared under the historKal cost convention and in accordance with FRS 102, The Financial ReF4)rb'ng Standard appluble in the UK and Republbc of Ireland. Tumover Turnover ts measured al the fair value of the consideration receNed or receivable, net of discounts and value added taxes. Tumover includes revenue eamed from the sale of goods and from the rendering of services. Turnover from ihe sale of go(*Js is recoJni$ed when the significant risks and rewards of ownership of the good$ have transferred to the buyer. Tumover from the rendering of services 1$ recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by compariry the costs inujrred for work perfomied to date to the total eslimaled contract costs. Tanglblo flxed &ss•ts Tangible fixed assets are measured at ¢osl less a¢¢umulalNe depreciatton and any accumulative impairment lo$se$. Depwialion is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost. less estimated residual value, of each asset evenly over ils expected useful life, as follows.. Equipment over 10 years Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recogn￿Sed as an ex￿nse in the period in which the related revenue is recognised. Debtors Short term debtors are measured al transaction prtt (Wh￿ is usualty the invoice pricel, less any impairment losses for bad and doubtful debts. Credlto Short lem c￿ltorS are measured at transaction price (which is usually the invoice pricel. Taxatlon A current tax liabilty is recognised for the tax payable on the taxable profit of the current and past periods. The company is registered as a ehanty and 1$ exempl from Corporation tax on Il's main aclivilies. Pmvi$ions Provisions lie liabilities of uncertain tsming or amount) are recc%Jnised when there is an obligation at the reporting dale as a result of a past event. il is probable that economic benefit will be transferred lo settle the obligation and the amount of the obligatDn can be eslimaled reliably. Pensions Contributions to defined contribution plans are expensed in the period lo which they relate. Padnell Pre-school Notes to the Accounts for the year ended 31 August 2022 2 Employegs 2022 Number 2021 Number Average number of persons employed by the compar 10 11 3 Tangible fixed assets Equlpm¢nt Total CoBt Al t September 2021 Additions Surplus on revaluation Disposals Al 31 August 2022 14.029 14.029 14,029 14.029 Depreclatlon Al 1 September 2021 Charge for the year Surplus on revaluation On disposals At 31 August 2022 9.820 1.403 9,820 1,403 11.223 11.223 Net book value Al 31 August 2022 2,806 2.806 Al 31 August 2021 4,209 4,209 4 Debtorn 2022 2021 Trade debtors Other debtors 3.198 2.465 2,207 2,903 Amounts due after more than one year induded above 5 Creditors: amounts falling due withln one year 2022 2021 Trade ereditors Other taxes and s¢xial security eosl$ Other creditors 3.135 422 773 1,722 519 613 4.330 2,854 Padnèll Pre-school Notes to the Accounts for the year ended 31 August 2022 6 Credltorè: amounts falllny due after one year 2022 2021 Trade creditors Other creditors 7 Other Infomiatlon Padnell Pre-school is a private company limited ty guarantee and incorporated in England. Its registered office is.. Padnell Avenue Cowplain Waterlooville Hampshire P08 8DS Padnell Pre-school Detailed income and expenditure account for the yèar ended 31 August 2022 2022 2021 Turnov¢r 127,094 13S,916 Pre-school Running Costs {104,0301 1110,615) Gr058 surplus 23.C64 25,301 Administrative expenses and p￿MiseS {33,2081 {31.3C61 Operatlng deflclt {10,1441 16.005} Interest receivable Interest payable Deficlt beforn tsx 10.137 6.004 2022 2021 Grants Donations Fees from Parents Fundraising and events Uniform 105.521 1,771 19.159 486 157 122,520 12.924 472 127,094 135,916 Pro-scool Runnlng Costs Staff Costs Pensions Employerts Nl Consumables and Snacks Food vouchers Equipment expensed 91.969 2,494 357 2.160 880 4,572 102.432 91,596 2,237 419 1.113 10,694 107,603 8ale8 and tralnlng Uniform purchases including Staff, adjusted for $to¢k Staff training and DBS 350 1.228 1,578 702 2,310 3,012 Fundral8lng Costs Fundraising costs Event costs 20 20 Premli•8 costs: Rent Rates servi￿ charges Light and heal Repairs and maintenance Offi'ce equipment Cleaning Gar¢Jen maintenance 9.943 4CN) 1,310 9,869 271 1.369 1.174 1.536 1,781 2.716 53 18,769 4,891 2,810 124 20,459 AdmiTrlstrative expenses Employee costs.. Directors, salaries Directors, salaries- admin 95% Adminislralion 5,027 {4,7761 4,776 5,027 4,953 14.7051 4,705 4,953 10 Padnell Pre-school Detailèd income and èxpendlture account for the year ended 31 August 2022 2022 2021 Ggnornl admlnlBtratlve ex￿n8•s. Telephone and inlemel Postage and stationery Subscriptions Insurance Computer expenses Depreciation Bad debts Sundry expenses 611 959 497 1,625 1,002 1.403 822 726 1,762 485 1.585 922 1.403 101 6.984 6.922 Lffj•l and prolgsslonal costs: A¢counlancy fees Advertising and publlcity Other legal and professional 620 180 600 800 800 Totsl admlnlBtratlvo ¢osts In¢ludlng promlsgs 33,208 31,306 11 Registered number 07556426 Charity number 1167296 Padnell Pre-school Report and Unaudited Accounts 31 August 2022 Salty Grant Limited Chartered A¢¢ountants Padnell Pre-school Registered number: Charity number: Directors, Report 07556426 1167296 The directors present their report and accounts for the year ended 31 August 2022. Principal actSvitl¢s The company's principal 8Ctivrty during the year continu&J to be the provision of a pre-school for the advancement and educatson of children. Directors The following persons served as directors during the year. Stephanie Elliott Hannah Shepherd Amey Turnei Amanda Grayson Diane Kingsbury Kayleigh Gyles Kaylee Read Ch811 Secretary apFX)inted 11110r2021 Secretary resyned 11110r2021 reswned resyned 1111012021 11110r2021 The directors have had ward to the guhYan¢e issued by the Clprity Commission on publi¢ benefit. Achlevements and Perforn7ance Please view the Trustees Annual Report for achievements in the year. Fln•nclal Rovlew Funding levels from Hampshire County thncil flLthate M a bTryear ¢y¢le a¢¢ording lo the proportion of ￿0-year￿oIdS. Funding was low during the period under review bul this should fecover in the year 2022-23. Small company provlslons This report has been prepared in accordance Ihe provisions in Part 15 of the Companies Act 2006 applicable lo companies subject lo the small companies re9ime. This reFQrt was approved ty the board on 04 April 2023 and wned by its order. Diane Kingsbury Director Padnell Pre-school Independent Examiners. report on the accounts of Padnell Pre-school for the year ended 31 August 2022 Respective responsibilities of trustses and examiner The charitys trustees Idirectorsl are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under seth.on 144 of the Charf(ies Act 2011 Ithe Charitres Acll and that an independent examination is needed. 11 is my responsibility lo.. ' examine the accounts under sect￿￿ 145 of the Charities Act). • to follow the procedures laid down in the general Directions given by the Charity Commission {under section 14515llbl of the Chanbes Act, and . to state whether partieular matters have come to my attent*)n. Basis of Independent examIno￿8 statement My examination was ¢arried out in accordance general Directions given by the Charity Commission. An examinat50n includes a review of Ihe accounting records kept by the charity and a ¢ompaTison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanats'ons from the trustees Con￿rning any such matters. The p(ocedure5 undertaken do not provide all the eV￿ence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'lrue and fair, view and the ￿pOrt is limited to those matters sel out in the statement below. Independent examinerf8 Statsment In connection with my eXaminat￿n. no matter has come to my attent￿)n to indi¢al¢ IhaL' ' a¢counlin9 records have not been kept in accordance wlh seCi￿n 386 of the Companies Act 2006,. the accounts do not ac¢ord with such records. where the accounts are prepared on the accnjals basi$. whether they fail lo comply wlh relovanl accounting requirements under section 396 of the Companies Act 2￿. or are not consislenl with the Charities SORP IFRS 1021 'any matter which the examiner beI￿VeS should be drawn to the attention of the ￿ader lo gain a proper understanding of the accounts. I have no ¢oncems and have come across no other matters in ¢onnection the examination lo which attention should be drawn in this re￿rt in order to enable a proper understanding of the accounts lo be reached. Mrs S A Walker FCA FCIE 3 L8dybridge Road Purbrook Waterloovil Hampshire P07 SRP 04 April 2023 Padnell Pre￿chool Proflt and Loss Account for the year ended 31 August 2022 2022 2021 Turnov•r 127.094 135,916 Oirecl Costs (104.030) {110,6151 Gro88 Surplus 23,C64 25,301 Administrative expenses (33,208) 131,3061 Operatlng deflclt {10,1441 16,0051 Interest receivable Intsrest payable D•ficSt on ordlnary •¢tlvltlM hforo tsxation 110,1371 6,0041 Tax on deficit on ordinary activities D•fSclt for thfr fln•n¢lal y•ar 10,137 6,004 Padnell Pre-school Statement of Flnancial Activities for the year onded 31 August 2022 2022 unrests.cted Funds 2022 Restricted Funds 2022 Totsl Funds 2021 Last Year Incoming Resour￿8 Fees from operating actwibes Grants for operating activitrtes Donations Fundraising and activities Unifom sales Interest ieceived 19.159 104,911 20 19,159 105.521 1,771 486 157 12.924 122,520 610 1.751 157 472 Total income 124,740 2.361 127.101 135.917 Expenditure Pre-school wnning costs Sale$ & training Fundraising Overheads Adminisiralion 101,301 1.578 20 18.758 12,749 1.131 102.432 1,578 20 20,459 12,749 107,603 3,012 1,701 18.769 12,537 Total Expend1￿￿ 134.406 2,832 137.23B 141.921 Net of rnc•lpts/(p8yments) Transfer8 between furbds Funds Brought Fo￿ard rotal Funds cankn lonvard (9.666 {471) (10,1371 (6,0041 61698 529 62227 68231 52,032 52,090 62.227 La8t Year 2021 Un￿S￿cle￿ Fund$ 2021 Restricted Funds 2021 Last Year lTrcomlng Re8ource8 Fees from operating activities Grants for operating aclivilites Fundraising and activities Uniform sales Interest received 12.924 121,122 12,924 122,520 1,398 472 472 Totsl income 134,519 1,398 Expenditure Pre-school running costs Sales & training Fundraising Overheads Administration 135.917 1C6.304 3.012 1.299 107,603 3.012 18,769 12,537 18,769 12,537 Total Expenditure 140,622 1.299 141,921 Net of reeeipts/(payments) 6.103 99 {6,004} Padnell Pre-school Registered number: Balance Sheet as at 31 August 2022 07556426, Note8 2022 2021 Flxed assets Tangible assets 4,209 4,209 Current assets Stocks Debtors Cash at bank and in hand 521 5,663 47.430 53.614 473 2,903 57,496 60.872 Credltors: amounts falllng due wlthln ong yoar 14.3301 {2.854) Not curr•nt a880ts 49.284 58,018 Total a88ets1•88 current 52,090 62,227 Prov181on8 for Ilabllltl¢8 Net a880ts 52.090 62.227 Capltal and re8eTh Unreslricled Funds Reslricled Funds Sharèholder's funds 52,032 58 61,698 529 52.090 The directors are satisfied that the company is entrtled to exempb.on from the wuirement lo obtain an audit under section 477 of the Compan*s Act 2006. The member has not required the company to obtain an audrt in accordance with section 476 of the Act. The direcloTS acknowledge Iheif responsibilitses for eomplying with the requirements of the Companies Act 2006 with resFect to accounting records and the Fxeparalion ol a¢￿unts. The accounts have been prepared aThJ delivere(l in accordance with the special provisions applicable lo companies subject lo the small companies regime. The profit and loss account ha5 not been delivered lo the Registrar of Compan*s. Stephanie Elliott Director Approved by the board on 04 April 2023 Padnell Pre-school Notes to the Accounts for the year ended 31 August 2022 1 Accounling polici Basls of preparatlon The accounts have been prepared under the historKal cost convention and in accordance with FRS 102, The Financial ReF4)rb'ng Standard appluble in the UK and Republbc of Ireland. Tumover Turnover ts measured al the fair value of the consideration receNed or receivable, net of discounts and value added taxes. Tumover includes revenue eamed from the sale of goods and from the rendering of services. Turnover from ihe sale of go(*Js is recoJni$ed when the significant risks and rewards of ownership of the good$ have transferred to the buyer. Tumover from the rendering of services 1$ recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by compariry the costs inujrred for work perfomied to date to the total eslimaled contract costs. Tanglblo flxed &ss•ts Tangible fixed assets are measured at ¢osl less a¢¢umulalNe depreciatton and any accumulative impairment lo$se$. Depwialion is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost. less estimated residual value, of each asset evenly over ils expected useful life, as follows.. Equipment over 10 years Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recogn￿Sed as an ex￿nse in the period in which the related revenue is recognised. Debtors Short term debtors are measured al transaction prtt (Wh￿ is usualty the invoice pricel, less any impairment losses for bad and doubtful debts. Credlto Short lem c￿ltorS are measured at transaction price (which is usually the invoice pricel. Taxatlon A current tax liabilty is recognised for the tax payable on the taxable profit of the current and past periods. The company is registered as a ehanty and 1$ exempl from Corporation tax on Il's main aclivilies. Pmvi$ions Provisions lie liabilities of uncertain tsming or amount) are recc%Jnised when there is an obligation at the reporting dale as a result of a past event. il is probable that economic benefit will be transferred lo settle the obligation and the amount of the obligatDn can be eslimaled reliably. Pensions Contributions to defined contribution plans are expensed in the period lo which they relate. Padnell Pre-school Notes to the Accounts for the year ended 31 August 2022 2 Employegs 2022 Number 2021 Number Average number of persons employed by the compar 10 11 3 Tangible fixed assets Equlpm¢nt Total CoBt Al t September 2021 Additions Surplus on revaluation Disposals Al 31 August 2022 14.029 14.029 14,029 14.029 Depreclatlon Al 1 September 2021 Charge for the year Surplus on revaluation On disposals At 31 August 2022 9.820 1.403 9,820 1,403 11.223 11.223 Net book value Al 31 August 2022 2,806 2.806 Al 31 August 2021 4,209 4,209 4 Debtorn 2022 2021 Trade debtors Other debtors 3.198 2.465 2,207 2,903 Amounts due after more than one year induded above 5 Creditors: amounts falling due withln one year 2022 2021 Trade ereditors Other taxes and s¢xial security eosl$ Other creditors 3.135 422 773 1,722 519 613 4.330 2,854 Padnèll Pre-school Notes to the Accounts for the year ended 31 August 2022 6 Credltorè: amounts falllny due after one year 2022 2021 Trade creditors Other creditors 7 Other Infomiatlon Padnell Pre-school is a private company limited ty guarantee and incorporated in England. Its registered office is.. Padnell Avenue Cowplain Waterlooville Hampshire P08 8DS Padnell Pre-school Detailed income and expenditure account for the yèar ended 31 August 2022 2022 2021 Turnov¢r 127,094 13S,916 Pre-school Running Costs {104,0301 1110,615) Gr058 surplus 23.C64 25,301 Administrative expenses and p￿MiseS {33,2081 {31.3C61 Operatlng deflclt {10,1441 16.005} Interest receivable Interest payable Deficlt beforn tsx 10.137 6.004 2022 2021 Grants Donations Fees from Parents Fundraising and events Uniform 105.521 1,771 19.159 486 157 122,520 12.924 472 127,094 135,916 Pro-scool Runnlng Costs Staff Costs Pensions Employerts Nl Consumables and Snacks Food vouchers Equipment expensed 91.969 2,494 357 2.160 880 4,572 102.432 91,596 2,237 419 1.113 10,694 107,603 8ale8 and tralnlng Uniform purchases including Staff, adjusted for $to¢k Staff training and DBS 350 1.228 1,578 702 2,310 3,012 Fundral8lng Costs Fundraising costs Event costs 20 20 Premli•8 costs: Rent Rates servi￿ charges Light and heal Repairs and maintenance Offi'ce equipment Cleaning Gar¢Jen maintenance 9.943 4CN) 1,310 9,869 271 1.369 1.174 1.536 1,781 2.716 53 18,769 4,891 2,810 124 20,459 AdmiTrlstrative expenses Employee costs.. Directors, salaries Directors, salaries- admin 95% Adminislralion 5,027 {4,7761 4,776 5,027 4,953 14.7051 4,705 4,953 10 Padnell Pre-school Detailèd income and èxpendlture account for the year ended 31 August 2022 2022 2021 Ggnornl admlnlBtratlve ex￿n8•s. Telephone and inlemel Postage and stationery Subscriptions Insurance Computer expenses Depreciation Bad debts Sundry expenses 611 959 497 1,625 1,002 1.403 822 726 1,762 485 1.585 922 1.403 101 6.984 6.922 Lffj•l and prolgsslonal costs: A¢counlancy fees Advertising and publlcity Other legal and professional 620 180 600 800 800 Totsl admlnlBtratlvo ¢osts In¢ludlng promlsgs 33,208 31,306 11