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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