REGISTERED COMPANY NUMBER: CE007636 (England and Wales) REGISTERED CHARITY NUMBER: 1167843
Trustees' Report and Unaudited Financial Statements for the Year Ended 31 August 2021
for
Little Angels (Borehamwood) Pre-School
Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ
Little Angels (Borehamwood) Pre-School
Contents of the Financial Statements for the Year Ended 31 August 2021
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 11 |
Little Angels (Borehamwood) Pre-School
Trustees' Report for the Year Ended 31 August 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Significant Activities and Achievements
1.COVID-19 PANDEMIC
Preschool continued to operate in two bubbles during Covid pandemic. We had one staff member shielding. In June 2021 we stopped bubbles and joined as one group because of the impact on children's development.
2.STAFF
We have had a higher staff turnover than usual during the year this has been reflected across the sector. All staff who had left have been replaced to cover ratios.
3. TRAINING
Manager completed Management training this was a year long course. Manager and Deputy both completed their Designated Safeguarding refresher courses. Manager leads closing the gap agenda attended regular training to support this. Snowy and Eagles room leaders attended training to support nursery aged children. Another room leader attended maths and phonic training. One staff member attended SEN training. Manager started the Elkan communication award. SENCO attended all local support meetings. Manager attended curriculum training to support new EYFS coming into effect September 2021. All staff received first aid training.
4. CHILDREN
Our numbers were healthy for this year. We were restricted on the number of children we had in due to the space requirements in the bubbles.
5. EVENTS
All our usual events were cancelled this year due to covid restrictions, however we still managed to provide the children with some opportunities, the police visited us with their police car and we social distanced by waving through the window. We recorded our annual Nativity and sent it to parents. We took part in the annual bird watch. We celebrated Chinese New Year. We had an Equality and Diversity Audit which rate us good and a Mock Ofsted inspection.
6. FUTURE
We decided not to continue bubbles into the next year because it was having a negative impact on both the children and the staff.
FINANCIAL REVIEW
Financial position
Financial Report
During the 12 months from 1st September 2020 to 31st August 2021 income received was £226,182 and expenditure was £209,003 yielding a surplus of £17,179. For the previous 12 month period there was a surplus of £9,376. These figures are on an accrued basis. Cash at bank and in hand at 31st August 2021 was £94,305 up by £15,169 on the £79,136 at 31st August 2020. The surplus, and the resultant increase in cash, strengthens us for what remains a testing situation as we emerge from Covid-19 Pandemic into a very difficult economic situation.
Reserves policy
The general recommendation of the Charity Commission is that charities should carry reserves of two to three months expenditure. Monthly expenditure is £15,000 so this means £30,000-£45,000. The Committee decided last year that this should be increased from £30,000 to £45,000 to provide greater security in difficult times and this amount is maintained.
Page 1
Little Angels (Borehamwood) Pre-School
Trustees' Report for the Year Ended 31 August 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation.
Decision making
The key management functions are performed by the officers and other members of the committee.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE007636 (England and Wales)
Registered Charity number
1167843
Registered office
12 Furzehill Avenue Borehamwood WD6 2DF
Trustees
Rev. David Aplin BA FCCA Chair Natasha Nwosu Secretary Ms Valerie Ringwood (resigned 27.5.21) Sarah Ryder Guarav Sood (resigned 27.5.21) Denise Digweed Treasurer Caroline Davis Sophie Perkins Toni Ryder Charlotte Goldsobel (appointed 1.12.20)
Company Secretary
Natasha Nwosu
Independent Examiner
Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ
Advisers
Bankers
Barclays Bank plc 197 Shenley Road Borehamwood WD6 1AR
Page 2
Little Angels (Borehamwood) Pre-School
Trustees' Report
for the Year Ended 31 August 2021
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Little Angels (Borehamwood) Pre-School for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 23 June 2022 and signed on its behalf by:
David Gareth Aplin (Jun 24, 2022 11:08 GMT+1)
Rev. David Aplin BA FCCA - Trustee
Page 3
Independent Examiner's Report to the Trustees of Little Angels (Borehamwood) Pre-School
Independent examiner's report to the trustees of Little Angels (Borehamwood) Pre-School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Harvine Consultants
Harvine Consultants (Jun 28, 2022 11:17 GMT+1)
Harvine Consultants Limited Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ
23 June 2022
Page 4
Little Angels (Borehamwood) Pre-School
Statement of Financial Activities
for the Year Ended 31 August 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Income 226,182 EXPENDITURE ON Raising funds - Charitable activities Governance costs 187,355 Other resources expended 4,906 Other Support Costs 7,049 Other 9,693 Total 209,003 NET INCOME 17,179 RECONCILIATION OF FUNDS Total funds brought forward 91,426 TOTAL FUNDS CARRIED FORWARD 108,605 |
Restricted fund £ - - - - - - - - - - |
31.8.21 Total funds £ 226,182 - 187,355 4,906 7,049 9,693 209,003 17,179 91,426 108,605 |
31.8.20 Total funds £ 191,481 103 167,571 - 7,578 6,853 |
|---|---|---|---|
| 182,105 | |||
| 9,376 82,050 |
|||
| 91,426 |
The notes form part of these financial statements
Page 5
Little Angels (Borehamwood) Pre-School
Balance Sheet
31 August 2021
| Unrestricted funds Notes £ CURRENT ASSETS Debtors: amounts falling due within one year 3 15,258 Cash at bank and in hand 94,304 109,562 CREDITORS Amounts falling due within one year 4 (957) NET CURRENT ASSETS 108,605 TOTAL ASSETS LESS CURRENT LIABILITIES 108,605 NET ASSETS 108,605 FUNDS 5 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - |
31.8.21 Total funds £ 15,258 94,304 109,562 (957) 108,605 108,605 108,605 108,605 108,605 |
31.8.20 Total funds £ 16,666 79,136 95,802 (4,376) 91,426 91,426 91,426 91,426 91,426 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
Little Angels (Borehamwood) Pre-School
Balance Sheet - continued
31 August 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 June 2022 and were signed on its behalf by:
David Gareth Aplin (Jun 24, 2022 11:08 GMT+1)
Rev. David Aplin BA FCCA - Trustee
D Digweed
D Digweed (Jun 28, 2022 09:42 GMT+1)
Denise Digweed - Trustee
The notes form part of these financial statements
Page 7
Little Angels (Borehamwood) Pre-School
Notes to the Financial Statements
for the Year Ended 31 August 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
No pecuniary or other benefit was received from the CIO by any trustee in respect of the year to 31 August 2021 other than the reimbursement of agreed and approved expenses, wholly, exclusively and necessarily for the benefit of the CIO.
An insurance policy is in place to protect the trustees, or any of them, against personal liability arising from their actions as Trustees of the CIO.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
Page 8
Little Angels (Borehamwood) Pre-School
| Notes to the Financial Statements-continued for the Year Ended 31 August 2021 3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Debtors Net salaries unearned Paye unearned Pension paid unearned Prepayments 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Salaries increase Paye on increase Pension on increase Derferred income Accrued expenses 5. MOVEMENT IN FUNDS At 1.9.20 £ Unrestricted funds General fund 46,426 Reserve fund 45,000 91,426 TOTAL FUNDS 91,426 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 226,182 TOTAL FUNDS 226,182 |
31.8.21 31.8.20 £ £ 371 1,495 12,647 12,137 748 1,792 863 613 629 629 15,258 16,666 31.8.21 31.8.20 £ £ - 3,318 - 168 - 490 537 - 420 400 957 4,376 Net movement At in funds 31.8.21 £ £ 17,179 63,605 - 45,000 17,179 108,605 17,179 108,605 Resources Movement expended in funds £ £ (209,003) 17,179 (209,003) 17,179 |
|---|---|
continued...
Page 9
Little Angels (Borehamwood) Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.9.19 in funds £ £ Unrestricted funds General fund 52,050 9,376 Reserve fund 30,000 - 82,050 9,376 TOTAL FUNDS 82,050 9,376 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 191,481 TOTAL FUNDS 191,481 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.9.19 in funds £ £ Unrestricted funds General fund 52,050 26,555 Reserve fund 30,000 - 82,050 26,555 TOTAL FUNDS 82,050 26,555 |
Transfers between At funds 31.8.20 £ £ (15,000) 46,426 15,000 45,000 - 91,426 - 91,426 Resources Movement expended in funds £ £ (182,105) 9,376 (182,105) 9,376 Transfers between At funds 31.8.21 £ £ (15,000) 63,605 15,000 45,000 - 108,605 - 108,605 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 417,663 417,663 |
Resources Movement expended in funds £ £ (391,108) 26,555 (391,108) 26,555 |
|---|---|---|
continued...
Page 10
Little Angels (Borehamwood) Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 11
2022-06-28
Final Audit Report
Final Accounts
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