RIDGEWOOD PRESCHOOL
ACCOUNTS
FOR THE YEAR ENDING 31 AUGUST 2022
Registered Charity Number 1170289
## RIDGEWOOD PRESCHOOL
## FINANCIAL STATEMENTS
## FOR THE YEAR ENDING 31 AUGUST 2022
## 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 2022
## **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 - Trustee Emily Griffiths - Trustee Zoe Cockle – Trustee Danielle Wakefield – Trustee Allison Glassenbury- Trustee- appointed 5/11/2021 Lucy Mortimer- Trustee- appointed 5/11/2021 Rachel Mills- Trustee- appointed 5/11/2021
## **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
Page 1
## RIDGEWOOD PRESCHOOL
## TRUSTEES REPORT
## FOR THE YEAR ENDING 31 AUGUST 2022
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 August 2022
## **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
- 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.
- 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.**
Ridgewood Preschool’s Board of Trustees have continued this year to provide high quality early years education to the families of Yate and Chipping Sodbury.
The early years sector continues to be undervalued and underfunded but with our charitable status we can continue to invest any surplus funds at the end of the year to keep the setting open and operating at maximum capacity as early in the academic year as possible. Our staff team are paid above the average wage of a comparable role in a profit-making business and therefore we retain our highly trained and experienced staff team through reflecting their worth in the wage for their role.
Page 2
## RIDGEWOOD PRESCHOOL
## TRUSTEES REPORT
## FOR THE YEAR ENDING 31 AUGUST 2022
## **Summary of main achievements of the Charity during the year- Continued.**
We continue to meet the Ofsted criteria of offering high value early years education, interventions and progressing each child’s development to their full potential ready for statutory education. We excel at this especially for children with SEN.
## **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**
- Continue to explore new ways to recruit more children to fill places.
- Explore more ways to encourage parents to take an active role in our preschool, this will help raise vital funds.
- Continue to manage the cost vs profit analysis to ensure there is enough margin to be sustainable.
- Continue to seek grants to help maintain key activities of the preschool.
- 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 ………………………………………………….
………………………………………………………… Date ……………………………………………………..
Page 3
## RIDGEWOOD PRESCHOOL
## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
## FOR THE YEAR ENDING 31 AUGUST 2022
I report on the accounts of the charity for the period ending 31 August 2022 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:
- examine the accounts under section 145 of the Charities Act,
- 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
- 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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- 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
Page 4
## RIDGEWOOD PRESCHOOL
## RECEIPTS AND PAYMENTS ACCOUNT
## FOR THE YEAR ENDING 31 AUGUST 2022
|**RECEIPTS**
Fees
Grants- nursery education
Grants- other
Dinner & snack money
Miscellaneous
Bank interest
**PAYMENTS**
Salaries
Staff pension
Rent
Preschool lunches
Printing & stationery
Payroll fees
Telephone and internet
Miscellaneous
Subscriptions
Equipment
Training
Advertising
Repairs and maintenance
Accounts
Activities
Insurance
Uniforms
Bank Charges
Cleaning|**UNRESTRICTED**
**FUNDS**
**£**
**RESTRICTED**
**FUNDS**
**£**
**TOTAL**
**2022**
**£**
**TOTAL**
**2021**
**£**
7,617
-
7,617
14,360
100,794
-
100,794
83,016
2,017
7,389
9,406
6,651
4,934
-
4.934
6,004
2,844
-
2,844
6,468
6
-
6
1|
|---|---|
||118,212
7,389
125,601
116,500
88,923
5,035
93,958
90,551
2,919
-
2,919
2,138
8,173
-
8,173
8,457
683
430
1,113
1,093
735
-
735
763
533
-
533
553
678
-
678
468
1,604
-
1,604
2,831
216
-
216
282
471
386
857
1,040
787
-
787
706
154
-
154
81
418
-
418
1,035
444
-
444
438
154
-
154
2.129
1,053
-
1,053
836
1,456
-
1,456
-
40
-
40
-
1,117
148
1,265
1,432|
||110,558
5,999
116,557
114,833|
|**NET OF RECEIPTS / (PAYMENTS)**
Funds Brought forward
**CASH FUNDS THIS YEAR END**|**7,654**
**1,390**
**9,044**
**1,667**
23,651
148
23,799
22,132|
||31,305
1,538
32,843
23,799|
||Page 5|
## RIDGEWOOD PRESCHOOL
## STATEMENT OF ASSETS AND LIABILITIES
## AS AT 31 AUGUST 2022
|**CASH FUNDS**
Current account
Grant account
30 Day notice account
Fundraising account
**LIABILITIES**
Independent examination
PAYE contributions|Unrestricted
Fund
£
Restricted
Fund
£
Total
2022
£
Total
2021
£
11,325
11,325
3,553
3,237
3,237
3,236
14,583
14,583
14,578
2,160
1,538
3,698
2,432|
|---|---|
||31,305
1,538
32,843
23,799|
||470
-
470
445
712
-
712
401|
||1,182
-
1,182
846|
The trustees declare they have approved the accounts above
Signed on behalf of the charity’s trustees
………………………………………………… …………………………………………………….
M Williams
E Griffiths
Page 6