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2021-09-01-accounts

REGISTERED CHARITY NUMBER: 1170462

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 1 September 2021

for

Children's Corner Pre-School Committee

Lindley Adams Limited Chartered Accountants 28 Prescott Street Halifax West Yorkshire HX1 2LG

Children's Corner Pre-School Committee

Contents of the Financial Statements for the Year Ended 1 September 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

Children's Corner Pre-School Committee

Report of the Trustees

for the Year Ended 1 September 2021

The trustees present their report with the financial statements of the charity for the year ended 1 September 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

Objectives and aims

The objectives of the Pre-school are 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:

Significant activities

The charity offers low cost child care services to children of pre school age from local families and provides daily sessions of play and exploration and gives them various learning opportunities which prepare them for reception class.

Children from ethnic minorities and disadvantaged backgrounds are given access to learning and development where they enjoy good quality nutritious snacks which are provided free of charge.

Regular parent and toddler sessions have been provided once a month on a Wednesday which is free of charge for families who want to stay and play with their children.

During the year staff have undertaken training covering amongst others, first aid and health and safety.

Public benefit

The charity offers public benefit by providing flexible sessions to meet the needs of parents at a very low cost and children are provided with access to learning activities and resources.Most parents and children are from various ethnic backgrounds and there is bilingual support available to children and parents by staff members.The preschool operates in the local area to allow easy access for the local community.

In respect of the above the trustees have had regard to the Charity Commission guidance on public benefit.

Volunteers

The charity is grateful for the assistance of three volunteers during the year.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Risk assessments of Covid 19 took place during the year and, track and trace procedures and infection and prevention control measures were all put in place and PPE obtained However,the pre school was closed for part of the year due to the Covid 19 pandemic. The closure obviously had a negative impact on the children and parents.

Early years funding has continued to be received during the year and government furlough grants were received albeit for only two months of the year.This has allowed the charity to continue to survive and despite the period of closure continue to fulfil the charity's objectives.

FINANCIAL REVIEW

Financial position

Income for the period has consisted of fees of £4876 (2020 £4349) and funding from Calderdale MBC of £68931 (2020 £73099) .There were grants received of £1144 (2020 £2354) and £20 donations received (2020 £20) , Due to covid there were no fundraising events held (2020 £70),and there was bank interest received of £6 (2020 £54 ) . This gives total income of £74977 (2020 £79946).

Expenditure amounted to £66397 (2020 £72009) giving net income of £8580 (2020 £7937.).

The total reserves of the charity at the year end were £39603 (2020 £31023) .Free reserves at 1st September 2021 were £39095 ( 2020 £29781.)

There are no restricted funds.

The trustees wish to establish a level of reserves (that is those funds that are freely available) that is adequate to enable the charity to operate and meet its objectives and enable the charity to continue as a going concern.

Page 1

Children's Corner Pre-School Committee

Report of the Trustees

for the Year Ended 1 September 2021

FINANCIAL REVIEW

Going concern

The trustees have considered the position regarding going concern particularly in the light of Covid-19.

The charity has continued to receive early years funding from Calderdale MBC and key worker staff have been furloughed under the government scheme which has mitigated the cost to the organisation.The trustees have looked at forecasts and are satisfied that the charity has adequate resources to continue to operate for the foreseeable future.

The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements.

FUTURE PLANS

The charity will keep on offering low cost sessions to children and will continue offering facilities like free snacks and toddler sessions on a regular basis to serve the local community.However the pandemic has had an effect on the numbers of children attending which has affected the income

To counter reduced numbers,the charity is lowering expenditure costs and joined a fareshare food scheme. The manager is also applying for grants to boost income and for the purchase of equipment.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its constitution and is an unincorporated charity.

Recruitment and appointment of new trustees

The charity is managed and overseen by the trustees appointed by the members. Membership of the Pre-school is open to any individual, family or organisation interested in promoting the Objects which applies to the Pre-school in the form required by the Committee and is approved by the Committee in its absolute discretion and who consents in writing to become a Member either personally or (in the case of a member organisation) through an authorised representative

The committee is to be made up of a minimum of five members, the Executive Committee made up of the Chairman, Honorary Treasurer and the Honorary Secretary, and a maximum of twelve members. The Committee members are also charity trustees.The Committee are to be appointed at Annual General Meetings by existing members.

Trustees are supplied with information detailing their role as a trustee and their responsibilities and training sessions will be given to new trustees to familiarize themselves with the charity and their obligations.

Organisational structure

The day to day running of the charity is undertaken by the management committee and trustees who also make decisions regarding strategic matters. The committee aim to keep abreast of developments through information issued by the Charity Commission.

Key management remuneration

Remuneration of staff is governed by market rates.

Related parties

The only related parties are the trustees and management committee members none of whom are remunerated or receive any benefits in kind.

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

The trustees conduct a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all aspects of the charity. External risks relate mainly to the current Covid-19 pandemic as well as general economic conditions which affect the level of attendance fees.

These risks have been mitigated by the continuation of early years funding by Calderdale MBC and government support schemes such as the furloughing of staff. There are also risks relating to health and safety which have been successfully minimised by strict adherence to government covid protocols.

These procedure are periodically reviewed to ensure that they still meet the needs of the charity.

Page 2

Children's Corner Pre-School Committee

Report of the Trustees

for the Year Ended 1 September 2021

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170462

Principal address St Hildas Church Gibralter Road Halifax West Yorkshire HX1 4HE

Trustees Miss M Paravez Chair Miss S Akhtar Miss S Bi Miss N Bi (resigned 8.2.22) Miss M Ahmed Miss H Chohan Miss S Ali (appointed 4.1.22)

Independent Examiner David C Adams FCA CTA FIMgt Lindley Adams Limited Chartered Accountants 28 Prescott Street Halifax West Yorkshire HX1 2LG

Bankers Lloyds Bank 65-68 Briggate Leeds LS1 6LH

COMMENCEMENT OF ACTIVITIES

The constitution was adopted on 17th October 2016 and charitable status was granted on 29th November 2016.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Children's Corner Pre-School Committee

Report of the Trustees for the Year Ended 1 September 2021

Approved by order of the board of trustees on 10 March 2022 and signed on its behalf by:

Miss M Paravez - Trustee

Page 4

Independent Examiner's Report to the Trustees of Children's Corner Pre-School Committee

Independent examiner's report to the trustees of Children's Corner Pre-School Committee

I report to the charity trustees on my examination of the accounts of Children's Corner Pre-School Committee (the Trust) for the year ended 1 September 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

We are independent of the charity in accordance with the ethical requirements that are relevant to our independent examination of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances as set out in note 14 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

David C Adams FCA CTA FIMgt Lindley Adams Limited Chartered Accountants 28 Prescott Street Halifax West Yorkshire HX1 2LG

10 March 2022

Page 5

Children's Corner Pre-School Committee

Statement of Financial Activities

for the Year Ended 1 September 2021

1.9.21 1.9.20
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 1,164 2,374
Other trading activities 3 73,807 77,518
Investment income 4 6 54
Total 74,977 79,946
EXPENDITURE ON
Raising funds 63,652 69,531
Other 2,745 2,478
Total 66,397 72,009
NET INCOME 8,580 7,937
RECONCILIATION OF FUNDS
Total funds brought forward 31,023 23,086
TOTAL FUNDS CARRIED FORWARD 39,603 31,023
CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

Children's Corner Pre-School Committee

Balance Sheet

1 September 2021

1.9.21

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
508
CURRENT ASSETS
Debtors
10
3,412
Cash at bank and in hand
51,396
54,808
CREDITORS
Amounts falling due within one year
11
(15,713)
NET CURRENT ASSETS
39,095
TOTAL ASSETS LESS CURRENT LIABILITIES
39,603
NET ASSETS
39,603
FUNDS
12
Unrestricted funds
39,603
TOTAL FUNDS
39,603
1.9.20
Total
funds
£
1,242
1,002
50,296
51,298
(21,517)
29,781
31,023
31,023
31,023
31,023

The financial statements were approved by the Board of Trustees and authorised for issue on 10 March 2022 and were signed on its behalf by:

M Paravez - Trustee

The notes form part of these financial statements

Page 7

Children's Corner Pre-School Committee

Notes to the Financial Statements

for the Year Ended 1 September 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Toys - 25% on cost Fixtures and fittings - 25% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from 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 charitycharity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

At present there are no restricted funds.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Public benefit

The charity is a public benefit entity

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Going Concern

The trustees have considered the position regarding going concern particularly in the light of Covid-19.

The charity has continued to receive early years funding from Calderdale MBC and key worker staff have been furloughed under the government scheme which has mitigated the cost to the organisation.The trustees have looked at forecasts and are satisfied that the charity has adequate resources to continue to operate for the foreseeable future.

The charity has sufficient liquid funds to meet its liabilities as they become due and expenditure will not be authorised unless sufficient funds are in place.For these reasons the trustees continue to adopt the going concern basis for preparing these financial statements.

Page 8

continued...

Children's Corner Pre-School Committee

Notes to the Financial Statements - continued

for the Year Ended 1 September 2021

1. ACCOUNTING POLICIES - continued

Public benefit

Grants

Government grants and third party contributions and donations are recognised as due to the charity when there is reasonable assurance that the charity will comply with any conditions attached to the payments and that the grants or contributions will be received.

Grants recognised as income are presented separately in the notes to the accounts.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
1.9.21 1.9.20
£ £
Donations 20 20
Grants 1,144 2,354
1,164 2,374
Grants received, included in the above, are as follows:
1.9.21 1.9.20
£ £
Coronavirus job retention scheme 471 1,104
PPLA Covid 19 grant - 750
Calderdale College Apprenticeship incentive 500 500
Statutory sick pay rebate scheme 173 -
1,144 2,354
OTHER TRADING ACTIVITIES
1.9.21 1.9.20
£ £
Fundraising events - 70
Fees 4,876 4,349
Early years funding 68,931 73,099
73,807 77,518
INVESTMENT INCOME
1.9.21 1.9.20
£ £
Bank interest 6 54

3. OTHER TRADING ACTIVITIES

4. INVESTMENT INCOME

Page 9

continued...

Children's Corner Pre-School Committee

Notes to the Financial Statements - continued

for the Year Ended 1 September 2021

5. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Other resources expended 174 1,602 1,776

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 1 September 2021 nor for the year ended 1 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 1 September 2021 nor for the year ended 1 September 2020.

7. STAFF COSTS

8.

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
1.9.21
1.9.20
£
£
51,544
57,546
758
816
52,302
58,362
1.9.21
1.9.20
5
6
Unrestricted
fund
£
2,374
77,518
54
79,946
69,531
2,478
72,009
7,937
1.9.21
1.9.20
£
£
51,544
57,546
758
816
52,302
58,362
1.9.21
1.9.20
5
6
Unrestricted
fund
£
2,374
77,518
54
79,946
69,531
2,478
72,009
7,937
79,946
69,531
2,478
72,009
7,937

Page 10

continued...

Children's Corner Pre-School Committee

Notes to the Financial Statements - continued

for the Year Ended 1 September 2021

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

9.

10.

Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward 23,086
TOTAL FUNDS CARRIED FORWARD 31,023
TANGIBLE FIXED ASSETS
Fixtures
and Computer
Toys fittings equipment Totals
£ £ £ £
COST
At 2 September 2020 2,535 818 752 4,105
Additions - 235 - 235
At 1 September 2021 2,535 1,053 752 4,340
DEPRECIATION
At 2 September 2020 1,924 542 397 2,863
Charge for year 538 244 187 969
At 1 September 2021 2,462 786 584 3,832
NET BOOK VALUE
At 1 September 2021 73 267 168 508
At 1 September 2020 611 276 355 1,242
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.9.21 1.9.20
£ £
Other debtors 3,254 1,002
Prepayments 158 -
3,412 1,002

Page 11

continued...

Children's Corner Pre-School Committee

Notes to the Financial Statements - continued for the Year Ended 1 September 2021

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.9.21 1.9.20
£ £
Social security and other taxes - 469
Accruals and deferred income 15,713 21,048
15,713 21,517
12. MOVEMENT IN FUNDS
Net
movement At
At 2.9.20 in funds 1.9.21
£ £ £
Unrestricted funds
General fund 31,023 8,580 39,603
TOTAL FUNDS 31,023 8,580 39,603
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 74,977 (66,397) 8,580
TOTAL FUNDS 74,977 (66,397) 8,580
Comparatives for movement in funds
Net
movement At
At 2.9.19 in funds 1.9.20
£ £ £
Unrestricted funds
General fund 23,086 7,937 31,023
TOTAL FUNDS 23,086 7,937 31,023
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 79,946 (72,009) 7,937
TOTAL FUNDS 79,946 (72,009) 7,937

Page 12

continued...

Children's Corner Pre-School Committee

Notes to the Financial Statements - continued

for the Year Ended 1 September 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 2.9.19
in funds
£
£
Unrestricted funds
General fund
23,086
16,517
TOTAL FUNDS
23,086
16,517
At
1.9.21
£
39,603
39,603

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 154,923 (138,406) 16,517
TOTAL FUNDS 154,923 (138,406) 16,517

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 1st September 2020 or for the period ended 1st September 2019.

14. NON INDEPENDENT EXAMINERS SERVICES

In common with many other charities of our size and nature, we use our independent examiners to provide payroll services, to prepare and submit returns to the tax authorities and assist us with the preparation of the financial statements.

Page 13

Children's Corner Pre-School Committee

Detailed Statement of Financial Activities

for the Year Ended 1 September 2021

1.9.21 1.9.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 20 20
Grants 1,144 2,354
1,164 2,374
Other trading activities
Fundraising events - 70
Fees 4,876 4,349
Early years funding 68,931 73,099
73,807 77,518
Investment income
Bank interest 6 54
Total incoming resources 74,977 79,946
EXPENDITURE
Other trading activities
Wages 51,544 57,546
Pensions 758 816
Resources 1,059 1,787
Training 389 1,573
Travel - 83
Milk and food 690 350
Rent 7,755 5,872
Rates 440 400
Sundries 165 138
Postage and stationery 63 179
Insurance 668 717
Telephone 20 70
Computer costs 101 -
63,652 69,531
Other
Plant and machinery 538 632
Fixtures and fittings 244 204
Computer equipment 187 187
969 1,023
Support costs
Finance
Bank charges 174 190

This page does not form part of the statutory financial statements

Page 14

Children's Corner Pre-School Committee

Detailed Statement of Financial Activities

for the Year Ended 1 September 2021

1.9.21 1.9.20
£ £
Finance
Governance costs
Independent examination 636 480
Accountancy 966 785
1,602 1,265
Total resources expended 66,397 72,009
Net income 8,580 7,937

This page does not form part of the statutory financial statements

Page 15