**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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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