RIDGEWOOD PRESCHOOL ACCOUNTS FOR THE YEAR ENDING 31 AUGUST 2020 Registered Charity Number 1170289
RIDGEWOOD PRESCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2020
CONTENTS OF THE FINANCIAL STATEMENTS
| Page | |
|---|---|
| General information | 1 |
| Trustees annual report | 2-3 |
| Independent examiner’s report | 4 |
| Receipts and payments accounts | 5 |
| Assets and liabilities accounts | 6 |
RIDGEWOOD PRESCHOOL
GENERAL INFORMATION
FOR THE YEAR ENDING 31 AUGUST 2020
Status
Ridgewood Preschool is governed by its Constitution. It was granted ‘Charitable Incorporated organisation’ status on 21 November 2016. Charity number 1170289.
Trustees
Mireille Williams- Chair Bridgette Bennett-Purnell - Secretary Emily Griffiths - Treasurer Faye Buffham - Trustee Zoe Cockle – Trustee Danielle Wakefield - Trustee
Registered Office
Ridgewood Community Centre 244 Station Road Yate Bristol BS37 4AF
Independent Examiners
Dolman’s Chartered Accountants The Mews Hounds Road Chipping Sodbury Bristol BS37 6EE
Bankers
HSBC 2 North Walk Yate Bristol BS37 4AR
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RIDGEWOOD PRESCHOOL
TRUSTEES REPORT
FOR THE YEAR ENDING 31 AUGUST 2020
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 August 2020
Structure Governance and Management
Organisation
The trustees are appointed or reappointed annually at AGM.
Public benefit
The Trustees have complied with their duty under section 17 of the charities act 2011 to have due regard to public benefit guidance published by the charity commission.
Objectives and Activities
Objectives of the Charity
The aim of the Pre-school is to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by
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Offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion means or ability.
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Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
Summary of main achievements of the Charity during the year.
This academic year started off as usual until the Covid-19 pandemic caused the national lockdown for this country.
We had to close our setting from mid-March through until the beginning of Term 6. A reduced number of children returned in June and under very strict Covid-19 conditions. Financial support was given to all settings with the predicted NEF grant of children registered. We provided virtual support to all the families in our care.
This pandemic has caused widespread uncertainty for the staff team, the Early Years sector and the country as a whole. We continued to support our transitioning children to school and for returning families in September.
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RIDGEWOOD PRESCHOOL
TRUSTEES REPORT
FOR THE YEAR ENDING 31 AUGUST 2020
Reserves policy and risk management
The trustees propose to place into reserves one third of any monies that are raised through fundraising at the end of any financial year.
The trustees have examined the major risks to which the charity is exposed, and systems will continue to be established to mitigate those risks. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity.
Plans for the future
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Continue to explore new ways to recruit more children to fill places.
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Explore more ways to encourage parents to take an active role in our preschool, this will help raise vital funds.
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Continue to manage the cost vs profit analysis to ensure there is enough margin to be sustainable.
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Continue to seek grants to help maintain key activities of the preschool.
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Continue to build our reserves.
Trustees’ responsibilities in relation to the financial statements
The trustees’ declare that they have approved the trustees’ report above.
Approved by the trustees and signed on their behalf by
……………………………………………………………
…………………………………………………………
Date ……………………………………………………..
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RIDGEWOOD PRESCHOOL
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
FOR THE YEAR ENDING 31 AUGUST 2020
I report on the accounts of the charity for the period ending 31 August 2020 which are set out on pages 5-6.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met.
…………………………………………………………… Date ………………………………………………..
Phillip Dolman FCA Dolman’s Chartered Accountants The Mews Hounds Road Chipping Sodbury Bristol BS37 6EE
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RIDGEWOOD PRESCHOOL
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDING 31 AUGUST 2020
| RECEIPTS Fees Grants- nursery education Grants- other Dinner & snack money Fundraising Miscellaneous Bank interest PAYMENTS Salaries Staff pension Rent Preschool lunches Printing & stationery Payroll fees Telephone and internet Miscellaneous Subscriptions Equipment Trustees Training Advertising Repairs and maintenance Accounts Activities Insurance Uniforms Cleaning NET OF RECEIPTS / (PAYMENTS) Funds Brought forward CASH FUNDS THIS YEAR END |
UNRESTRICTED FUNDS £ RESTRICTED FUNDS £ TOTAL 2020 £ TOTAL 2019 £ 7,789 - 7,789 11,301 79,939 - 79,939 81,914 - 21,413 21,413 7,131 4,563 - 4,563 6,617 - - - - 1,859 - 1,859 746 15 - 15 17 |
|---|---|
| 94,165 21,413 115,578 107,726 65,944 21,422 87,366 81,905 1,391 - 1,391 1,223 7,195 - 7,195 8,412 1,069 331 1,400 1,340 488 - 488 1,111 576 - 576 518 463 - 463 386 2,779 40 2,819 1,819 279 - 279 167 - - - 5,863 116 - 116 249 - - - 1,091 81 - 81 223 872 - 872 592 438 - 438 432 595 - 595 1,249 732 - 732 732 318 - 318 179 1,198 - 1,198 1,044 |
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| 84,534 21,793 106,327 108,535 9,631 (380) 9,251 (809) 10,255 2,626 12,881 13,690 |
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| 19,886 2,246 22,132 12,881 |
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RIDGEWOOD PRESCHOOL
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 AUGUST 2020
| CASH FUNDS Current account 30 Day notice account Fundraising account LIABILITIES Independent examination PAYE contributions |
Unrestricted Fund £ Restricted Fund £ Total 2020 £ Total 2018 £ 8,776 - 8,776 1,554 9,576 - 9,576 9,761 1,534 2,246 3,780 1,566 |
|---|---|
| 19,886 2,246 22,132 12,881 |
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| 445 - 445 445 401 - 416 416 |
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| 846 - 861 861 |
The trustees declare they have approved the accounts above
Signed on behalf of the charity’s trustees
………………………………………………… …………………………………………………….
M Williams
E Griffiths
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