David McGurk of MCA Commercial Services Ltd has examined and prepared our accounts.
The majority of income is received from Essex County Council. This year totalled £80,894. Our Fees brought in £13,884. Our total income is £7,966 lower than the previous year, however, the preschool continues to offer 30 hours which has been extremely successful and we anticipate we will be running at almost full occupancy with the number of enquiries we have received already this term. Our fundraising total for 2021 was £323 compared to £0 during 2020.
Our expenditure totalled £116,238. The majority of which was staff wages £95,788.
The balance sheet has cash balances of £62,055 plus net book value of the building and fixtures. The building was funded mainly by Essex County Council in 2007 and that cost £150,000 is being depreciated over 25 years. The yearly depreciation is £6718
The Pre-school was running two CAF bank accounts one of which was used for reserves however, as advised we have closed one account to save on bank fees.
Going forward we hope to continue to operate at full or almost full occupancy and fundraise as much as possible this year. We also hope to increase the number of our committee members so we have more support especially with fundraising events.
Registered CIO number 1168548
Birchanger Butterflies Pre-school
Report and Accounts
31 December 2021
Birchanger Butterflies Pre-school
Contents
| Report of the Trustees | 2 |
|---|---|
| Income and expenditure account | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5-6 |
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Birchanger Butterfiies Pre-school Trustee's report 21Page
Birchanger Butterflies Pre-school
Income and expenditure account For the year ended 31 December 2021
| ncome and expenditure account or the year ended 31 December 2021 |
|
|---|---|
| Notes Income 2 Gain on transfer of resources from precursor charity. 3 Expenditure 4 (Deficit)/surplus Reserves b/fwd Reserves c/fwd |
2021 2020 103,427 111,393 - - (116,238) (107,172) |
| (12,811) 4,222 151,900 148,678 |
|
| 139,089 151,900 |
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Birchanger Butterflies Pre-school
Balance Sheet As at 31 December 2021
| alance Sheet As at 31 December 2021 |
||
|---|---|---|
| Notes Fixed assets 5 Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Net assets Reserves |
2021 77,034 62,055 - 139,089 139,089 139,089 |
2020 83,752 68,148 - 151,900 |
| 151,900 | ||
| 151,900 |
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Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2021.
1. Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Charities Statement of Recommended Practice (FRS 102), “Accounting and Reporting by Charities”.
Income
Turnover represents funds received for services supplied by the Charity, net of value added tax plus grants and donations.
Depreciation
Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives.
| Premises | 25 years |
|---|---|
| Computer equipment | 3 years |
| Furniture and equipment | 5 years |
2. Income
| Furlough grant received Council funding Fees from parents Fundraising Other Total income |
2021 2020 3,161 1,952 80,894 95,688 13,884 12,339 323 0 5,165 1,414 |
|---|---|
| 103,427 111,393 |
3. Gain on transfer of reserves of precursor charity
Birchanger Butterflies Pre-school is a Charitable Incorporated Organisation with registered number 1168548.
On 1[st] January 2020, the activities previously undertaken by a precursor organisation Birchanger Nursery Unit (registered charity number 1087372) were taken over by Birchanger Butterflies Pre-school.
The value of the net assets provided at that point were disclosed as a gain in the financial statements. These comprise fixed assets (premises, IT, and other equipment), bank and cash balances.
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Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2021.
4. Expenditure
| Staff costs Premises costs Other overhead costs Depreciation ed assets Cost 1 January 2021 Additions C/fwd Depreciation 1 January 2021 Charge for year C/fwd Net book value 31 December 2021 31 December 2020 |
Premises IT equipment 103,740 - - - |
2021 2020 95,788 87,301 2,824 3,734 10,908 9,419 6,718 6,718 |
|---|---|---|
| 116,238 107,172 |
||
| Furniture Total - - 103,740 - |
||
| 103,740 - |
- 103,740 |
|
| 19,988 - - - |
- - 19,988 - |
|
| 19,988 - |
- 19,988 |
|
| 77,034 - |
- 77,034 |
|
| 83,752 - |
- 83,752 |
5. Fixed assets
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