```
REGISTERED CHARITY NUMBER: 1171627
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
```
```
for the Year Ended 31 August 2021
```
```
for
Guildhall Feoffment Preschool & Nursery
CIO
```
```
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
```
```
Guildhall Feoffment Preschool & Nursery
CIO
```
```
Contents of the Financial Statements
for the Year Ended 31 August 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`|`15`|
|**`Detailed Statement of Financial Activities`**|`16`|`to`|`17`|
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Report of the Trustees`**
## **`for the Year Ended 31 August 2021`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charities preparing their accounts in accordancewith the FinancialReporting Standardapplicablein the UK and Republic of Ireland
(FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theaimof thesettingis toenhancethedevelopmentandeducationof children,primarilyforthoseunderstatutoryschool age.
Workinginpartnershipwithitsmembers,itencouragesparentsandguardianstounderstandandprovidefortheneedsof their
children. The setting believes that children learn through play and it strives to provide appropriateresources and opportunities for
play whilst educating and caring for all its children, whatever their race, culture, religion, means or ability.
```
```
Tofacilitateitsaims,thePre-schoolandNurseryonlyemploysstaffwithrelevantqualificationsandstringentlyabideswith safe
recruitment best practice. All staff are encouraged to continue their professional development to ensure continuing excellence.
```
```
Eachchildisappointedakeyworkertoensurethattheirdevelopmentiscloselymonitoredandrecorded.Allstaffhave regular
"supervisions"bytheirmanager,ensuringpastoralandsafeguardingmattersarehighlighted.TheNurseryworksclosely with
parentsandguardians,ensuringthattheyare informedof activitiesandof theirchild'sprogress.Apartfrom staffbeing available
beforeandaftersessions,othercommunicationmethodsincludeaweekly"newsy"emailfromtheNursery'sManager, the
Nursery's website and noticeboards.
```
## **`Public benefit`**
```
TheTrusteeshaveconsideredtheCharityCommission'sguidanceonpublicbenefit,includingtheguidance"public benefit:
runninga charity(PB2)".The Pre-schooland Nurseryrelies on grantsfrom the local counciland the income from fees to cover its
operating costs. Affordability and access to our services is important to us and is reflected in the fees we charge to parents.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Achievements and performance`**
```
Thesettinghasenjoyedanothersuccessfulyear,andhavingchildrenfromtheageof1hashelpedusmaintainour healthy
financial position.
```
```
DuringtheyearthePre-schoolandNurseryhascontinuedtoenhancethelearningexperiencesofchildrenbypayingfor other
professionals,includingIMPS,TadpoleTunesandDancingStarstoattendsessions.Investmentsingoodqualityequipment and
resources, in order to maintain exciting and varied teaching and play resources, is a priority.
```
```
Thesettinghascontinuedtomakeconsiderableimprovementstotheoutdoorspacestoenhancelearningforthechildren. This
includeslargecanopiestoprovidecoverfortheoutsideareasandthepurchaseoflargescaleequipmenttoenablechildren to
climb and explore.
```
```
Thesettingcurrentlyhas69childrenonitsregister.FundingprovidedfromSuffolkCountyCouncilintheschoolyear 2020/21
amountedto £156,215.In addition,fees chargedfor Pre-schoolandNurseryattendancenot coveredby localauthority provision
in the year amounted to £153,885.
```
```
Currentstaffingis at 16 members of staff,including2 apprentices.TracyBucher,the manager,continuesto representthe setting
as the Lead Practitionerfor Suffolk CountyCouncil,a role which allows her to share our good practicewith other provisionsin the
area.
```
```
The financialadministrationis completedby the Manager,assistedby the DeputyManagerand Room Leader,with support from
Knights Lowe, the charity's accountant.
```
```
The income of the Pre-school and Nursery is detailed in the Statement of Financial Activities and supporting notes.
```
```
Page 1
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Report of the Trustees for the Year Ended 31 August 2021`**
## **`FINANCIAL REVIEW`**
## **`Going concern`**
```
TheeffectsoftheglobalCOVID-19pandemichavebeencarefullyconsideredwhenpreparingthesefinancialstatements. These
financialstatementscontinuetobepreparedonagoingconcernbasisasthetrusteesareconfidentthatthePre-school and
Nursery are in a strong financial position to continue going forward.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsconstitutionandconstitutesacharitableincorporatedorganisation(CIO).Theconstitution was
re-written in 2017 when the CIO was formed.
```
## **`Charity constitution`**
```
The Pre-schoolwas establishedin 1990andregisteredas an unincorporatedcharityin 1993.On 31 August2017all the assets of
the old unincorporated charity were transferred to this CIO.
```
## **`Organisational structure`**
```
MembershipofthePre-schoolandNursery'sManagementCommitteeconsistsofatleast5membersandnotmorethan 8
members with suitable experience to work alongside the committee to support the Pre-school and Nursery.
```
```
TheTrusteesoriginallyappointedin2017willremaininplaceuntiltheywishtorelinquishtheirpost.Anyother Committee
members/TrusteesarerequiredtostanddownfromtheirpositionattheAnnualGeneralMeeting;retiringCommittee members
areeligibleforre-election.Atthesamemeetinganelectionfornewmembersandofficerswilltakeplace.Guidanceon the
responsibilities of the Committee is offered in the Pre-school's 'Committee Information Guide'.
```
```
AsTrusteesoftheregisteredcharitytheManagementCommitteestrivestoensurethePre-schoolandNurseryoperates in
accordancewiththepoliciesandconstitutionofthePre-School.ThePre-schoolisregisteredwithOFSTED(registration no.
EY546273) and works with Suffolk County Council, striving to provide an outstanding provision.
```
```
As a responsibleemployerthe Pre-schoolandNurseryuses the servicesof a payrollbureauto ensurecompliancewith its payroll
liabilities;toensurecompliancewithemploymentlawithasappointedandseeksadvicefromaHumanResources consultant
(www.pshumanresources.co.uk).
```
```
ThePre-schoolandnurseryisregisteredwiththeInformationCommissioner'sOfficetoensureawarenessandcompliance with
Data Protection legislation.
```
## **`Treatment of assets and surplus funds on a winding-up`**
```
In the event of the dissolutionof the ManagementCommittee,the Pre-schooland Nursery'sassetsand surplusfundswould pass
to other charitable purposes the same as, or similar to, those of the CIO.
```
```
Page 2
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Report of the Trustees for the Year Ended 31 August 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
The Management Committee have examined the major strategic and operationalrisks which the Pre-school and Nursery faces and
confirm that systems have been established to mitigate these risks.
```
```
The Pre-schoolandNurseryinsuresthrougha specialisedchildcarebroker,MortonMichel.The currentpolicyis withStirling and
includesPublicLiabilitycoverup to £10 million,Employer'sLiabilitycover up to £10 million,DirectorsandOfficers'Liability cover
up to £50,000 and Loss of Revenue cover up to £327,000.
```
```
TheTrusteesconsiderthatunrestrictedreservesof notlessthan£100,000shouldbe retainedtoensurethatthePre-school and
Nurseryis able to fund ongoingrevenue costs,principallystaff wages, shouldthere be a delay or significantreductionin revenue,
or to meet financialliabilitiesincludingstatutoryredundancyand notice paymentsto staff in the event of the Pre-schoolhaving to
close without notice. This is reviewed annually.
```
```
The Pre-schooland Nurseryconstantlyreviews its financialposition,presentinga full financialreport at each Committee meeting.
The financialrecordsareheldsecurelyon site,availablefor inspectionbytheManagementCommitteeandofficers representing
official bodies such as OFSTED and HM Revenue & Customs.
```
```
AqualifiedaccountantisappointedasanIndependentExaminertoreviewtheaccountingrecordsattheendofeach financial
period,assistinthepresentationofaccountsinaccordancewithrelevantlegislationandreportbacktothe Management
Committee on any recommendations arising from the review.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1171627
```
## **`Principal address`**
```
Ford House
Shirehall Way
Bury St Edmunds
Suffolk
IP33 2BA
```
## **`Trustees`**
```
S Howes
Mrs T Bucher
Mrs L E Knights (resigned 24.3.21)
Mrs S Herriott
Ms M Frankum
Ms L Border (resigned 29.9.20)
Mrs J Wetton (appointed 29.9.20)
Mrs C Beeston (appointed 29.9.20) (resigned 20.7.21)
```
```
Page 3
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Report of the Trustees for the Year Ended 31 August 2021`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
Kirk Vaughan
The Institute of Chartered Accounts in England & Wales
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
```
```
Approved by order of the board of trustees on 20 October 2021 and signed on its behalf by:
```
```
Mrs S Herriott - Trustee
```
```
Page 4
```
```
CIO
```
## **`Independent Examiner's Report to the Trustees of Guildhall Feoffment Preschool & Nursery`**
## **`Independent examiner's report to the trustees of Guildhall Feoffment Preschool & Nursery CIO`**
```
I reportto the charitytrusteeson my examinationof the accountsof GuildhallFeoffmentPreschool& NurseryCIO (the Trust) for
the year ended 31 August 2021.
```
## **`Responsibilities and basis of report`**
```
As the charitytrusteesof the Trustyouare responsiblefor the preparationof the accountsin accordancewiththe requirements
of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarryingout 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`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a memberof a listedbody.I canconfirmthatI am
qualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofTheInstituteofCharteredAccountsinEngland &
Wales which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Kirk Vaughan
The Institute of Chartered Accounts in England & Wales
```
```
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
```
```
20 October 2021
```
```
Page 5
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Statement of Financial Activities for the Year Ended 31 August 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`1,340`**
**`Charitable activities`**
`Educational activities`
**`163,469`**
`Fee income`
`2`
**`150,545`**
`Investment income`
`3`
**`10`**
**`Total`**
**`315,364`**
**`EXPENDITURE ON`**
`Raising funds`
**`208,901`**
**`Charitable activities`**
`Educational activities`
**`140,859`**
**`Total`**
**`349,760`**
**`NET INCOME/(EXPENDITURE)`**
**`(34,396)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`152,326`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`117,930`**|`2020`
`Total`
`funds`
`£`
`-`
`191,495`
`105,734`
`208`
`297,437`
`182,774`
`144,394`
`327,168`
`(29,731)`
`182,057`
`152,326`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Balance Sheet`**
## **`31 August 2021`**
|**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`29,460`**
**`CURRENT ASSETS`**
`Debtors`
`9`
**`1,633`**
`Cash at bank and in hand`
**`131,537`**
**`133,170`**
**`CREDITORS`**
`Amounts falling due within one year`
`10`
**`(44,700)`**
**`NET CURRENT ASSETS`**
**`88,470`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`117,930`**
**`NET ASSETS`**
**`117,930`**
**`FUNDS`**
`11`
`Unrestricted funds`
**`117,930`**
**`TOTAL FUNDS`**
**`117,930`**|`2020`
`Total`
`funds`
`£`
`37,469`
`1,690`
`152,466`
`154,156`
`(39,299)`
`114,857`
`152,326`
`152,326`
`152,326`
`152,326`|
|---|---|
```
Thefinancialstatementswere approvedbytheBoardof Trusteesandauthorisedforissueon20October2021andwere signed
on its behalf by:
```
```
S Herriott - Trustee
```
```
T Bucher - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
Guildhall Feoffment Preschool & Nursery
CIO
```
## **`Notes to the Financial Statements`**
## **`for the Year Ended 31 August 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charity,which is a publicbenefitentityunder FRS 102, have been preparedin accordance
with the Charities SORP (FRS 102) 'Accountingand Reporting by Charities:Statementof Recommended Practice applicable
tocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshave been
prepared under the historical cost convention.
```
```
The presentational currency of these financial statements is pounds Sterling, rounding to whole pounds.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows;`
- `the requirement of paragraph 3.17(d);`
- `the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);`
- `the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;`
- `the requirement of paragraph 33.7.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharity to
that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateall cost relatedto the category.Where costscannotbe directlyattributedto particular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
## **`Debtors and creditors due within one year`**
```
Debtorsandcreditorswithno statedinterestrateandreceivableor payablewithinone yearare recordedat transaction
price. Any losses arising from impairment are recognised in expenditure.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Improvements to property- 5 years straight line
Play equipment- 3 years straight line
Furniture and fixtures- 3 years straight line
Office equipment- 3 years straight line
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
## `Unrestricted funds`
```
Unrestrictedfundsarespentorappliedatthediscretionofthetrustees.tofurtheranyofthecharity’s purposes.
Unrestricted funds can be used to supplement expenditure made from restricted funds.
```
```
continued...
```
```
Page 8
```
```
Guildhall Feoffment Preschool & Nursery
CIO
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 August 2021`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Fund accounting`**
## `Designated funds`
```
Thetrusteesmaychoosetosetasideapartoftheunrestrictedfundstobeusedforaparticularfutureproject or
commitment. By earmarking funds in this way, the trusteesset up a designatedfund that remains part of the unrestricted
fundsof thecharity.Thisis becausethedesignationhasanadministrativepurposeonlyanddoesnotlegallyrestrict the
trustees discretion in how to apply the unrestricted funds that they have earmarked.
```
## `Restricted funds`
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Guildhall Feoffment Preschool & Nursery CIO has no restricted or designated funds.
```
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightlinebasisover the
period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
The charityoperatesa definedcontributionpensionscheme.Contributionspayableto thecharity'spensionscheme are
charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2.`**
## **`3.`**
## **`FEE INCOME`**
|`Fee income`
`Staff lunch contributions`
**`INVESTMENT INCOME`**
`Deposit account interest`|**`2021`**
**`£`**
**`150,545`**
**`-`**
**`150,545`**
**`2021`**
**`£`**
**`10`**|`2020`
`£`
`105,452`
`282`|
|---|---|---|
|||`105,734`|
|||`2020`
`£`
`208`|
```
continued...
```
```
Page 9
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 August 2021`**
## **`4. INDEPENDENT EXAMINATION FEES`**
||**`2021`**|`2020`|
|---|---|---|
||||
||**`£`**|`£`|
|`Independent examination fee`|**`1,235`**|`1,235`|
|`Other fees`|**`1,357`**|`2,330`|
|`Payroll processing fees`|**`1,865`**|`1,905`|
||||
||**`4,457`**|`5,470`|
||||
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
|`Trustees' salaries`
`Trustees' social security`
`Trustees' pensions paid`|**`2021`**
**`£`**
**`59,210`**
**`5,739`**
**`2,336`**
**`67,285`**|`2020`
`£`
`55,576`
`5,369`
`1,763`|
|---|---|---|
|||`62,708`|
```
T Bucher was paid £35,680 for her role as Pre-School and Nursery Manager.
```
```
M Frankum was paid £23,530 for her role as Assistant Manager.
```
## **`Trustees' expenses`**
```
TBucherwasreimbursed£320(2020:£329)forvariousexpenditure(batteries,plants,paintetc.)incurredduring the
year.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`2021`**|`2020`|
|---|---|---|
|`Pre-school & nursery staff`|**`16`**|`14`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 10
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 August 2021`**
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|**`Charitable activities`**||
|`Educational activities`|`191,495`|
|`Fee income`|`105,734`|
|`Investment income`|`208`|
|**`Total`**|`297,437`|
|**`EXPENDITURE ON`**||
|`Raising funds`|`182,774`|
|**`Charitable activities`**||
|`Educational activities`|`144,394`|
|**`Total`**|`327,168`|
|**`NET INCOME/(EXPENDITURE)`**|`(29,731)`|
|**`RECONCILIATION OF FUNDS`**||
|**`Total funds brought forward`**|`182,057`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`152,326`|
```
continued...
```
```
Page 11
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 August 2021`**
## **`8. TANGIBLE FIXED ASSETS`**
|`Improvements`
`Furniture`
`to`
`Play`
`and`
`Office`
`property`
`equipment`
`fixtures`
`equipment`
`£`
`£`
`£`
`£`
**`COST`**
`At 1 September 2020`
**`40,313`**
**`11,451`**
**`9,022`**
**`2,792`**
`Additions`
**`-`**
**`8,884`**
**`896`**
**`399`**
`At 31 August 2021`
**`40,313`**
**`20,335`**
**`9,918`**
**`3,191`**
**`DEPRECIATION`**
`At 1 September 2020`
**`18,747`**
**`3,466`**
**`2,387`**
**`1,509`**
`Charge for year`
**`7,520`**
**`6,402`**
**`3,231`**
**`1,035`**
`At 31 August 2021`
**`26,267`**
**`9,868`**
**`5,618`**
**`2,544`**
**`NET BOOK VALUE`**
`At 31 August 2021`
**`14,046`**
**`10,467`**
**`4,300`**
**`647`**
`At 31 August 2020`
`21,566`
`7,985`
`6,635`
`1,283`|`Totals`
`£`
**`63,578`**
**`10,179`**|
|---|---|
||**`73,757`**|
||**`26,109`**
**`18,188`**|
||**`44,297`**|
||**`29,460`**|
||`37,469`|
## **`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Prepayments and accrued income`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Taxation and social security`
`Other creditors`|**`2021`**
**`£`**
**`1,633`**
**`2021`**
**`£`**
**`105`**
**`4,119`**
**`40,476`**
**`44,700`**|`2020`
`£`
`1,690`
`2020`
`£`
`767`
`3,889`
`34,643`|`2020`
`£`
`1,690`|
|---|---|---|---|
|||`39,299`||
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
```
Other creditors includes deferred income as below:
```
||`2020`|`Released in the`
`year`|`Deferred`|**`2021`**|
|---|---|---|---|---|
||||||
|`Fees`|`4,260`|`(4,260)`|`7,600`|**`7,600`**|
|`Grant`|`25,084`|`(25,084)`|`28,854`|**`28,854`**|
||||||
||`29,344`|`(29,344)`|`36,454`|**`36,454`**|
||||||
||||||
```
continued...
```
```
Page 12
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 August 2021`**
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued`**
```
Grantincomefrom SuffolkCountyCouncilwas receivedin August2021for the Autumn2021term and has therefore has
been deferred to the 2021/22 financial year.
```
## **`11. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.9.20`
`in funds`
`31.8.21`
`£`
`£`
`£`
**`152,326`**
**`(34,396)`**
**`117,930`**
**`152,326`**
**`(34,396)`**
**`117,930`**
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`315,364`**
**`(349,760)`**
**`(34,396`**
**`315,364`**
**`(349,760)`**
**`(34,396`**|`At`
`31.8.21`
`£`
**`117,930`**|
|---|---|---|
|||**`117,930`**|
|||**`(34,396`**|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.9.19`
`in funds`
`£`
`£`
`182,057`
`(29,731)`
`182,057`
`(29,731)`|`At`
`31.8.20`
`£`
`152,326`|
|---|---|---|
|||`152,326`|
```
continued...
```
```
Page 13
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 August 2021`**
## **`11. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`297,437`
`297,437`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(327,168)`
`(29,731)`
`(327,168)`
`(29,731)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(327,168)`
`(29,731)`
`(327,168)`
`(29,731)`|
|---|---|---|---|
||||`(29,731)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.9.19`
`in funds`
`£`
`£`
`182,057`
`(64,127)`
`182,057`
`(64,127)`|`At`
`31.8.21`
`£`
`117,930`|
|---|---|---|
|||`117,930`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`612,801`
`612,801`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(676,928)`
`(64,127)`
`(676,928)`
`(64,127)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(676,928)`
`(64,127)`
`(676,928)`
`(64,127)`|
|---|---|---|---|
||||`(64,127)`|
```
continued...
```
```
Page 14
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 August 2021`**
## **`12. EMPLOYEE BENEFIT OBLIGATIONS`**
```
Thecharityoperatesadefinedcontributionschemeforitsemployees.TheamountrecognisedintheStatement of
FinancialActivitiestotalled£7,454(2020£5,184).£1,354(20201£1,168)wasincludedincreditorsrelatingto pension
contributions not paid at the year end.
```
## **`13. RELATED PARTY DISCLOSURES`**
```
Thecharityreceivedfromtrustees,feeandotherincomeof£17,237(2020:£5,860)atnormalratesinrespectof the
children of trustees that attended the setting during the year.
```
```
Page 15
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
## **`Detailed Statement of Financial Activities for the Year Ended 31 August 2021`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Fundraising`
**`Fee income`**
`Fee income`
`Staff lunch contributions`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Grants`
`Government grants`
`Insurance claim`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Wages`
`Social security`
`Pensions`
**`Charitable activities`**
`Trustees' salaries`
`Trustees' social security`
`Trustees' pensions paid`
`Hire of equipment`
`Rent`
`Rates and water`
`Insurance`
`Telephone & internet`
`Postage and stationery`
`Carried forward`|`2021`
`£`
**`1,340`**
**`150,545`**
**`-`**
**`150,545`**
**`10`**
**`156,215`**
**`7,254`**
**`-`**
**`163,469`**
**`315,364`**
**`197,469`**
**`6,315`**
**`5,117`**
**`208,901`**
**`59,210`**
**`5,739`**
**`2,336`**
**`2,144`**
**`6,360`**
**`1,633`**
**`1,685`**
**`2,620`**
**`194`**
**`81,921`**|`2020`
`£`
`-`
`105,452`
`282`|
|---|---|---|
|||`105,734`
`208`
`156,736`
`25,131`
`9,628`|
|||`191,495`|
|||`297,437`
`174,142`
`5,211`
`3,421`|
|||`182,774`
`55,576`
`5,369`
`1,763`
`2,004`
`6,348`
`926`
`1,266`
`2,606`
`790`
`76,648`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```
## **`Guildhall Feoffment Preschool & Nursery CIO`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 August 2021`**
**`Charitable activities`**
`Brought forward`
`Sundry expenses`
`School lunches & groceries`
`Payroll bureau charges`
`Staff recruitment & HR`
`Staff training & course fees`
`Cleaning & property maintenance`
`Health & safety`
`Kitchen equipment`
`Outside garden area`
`Computer expenses & website`
`Office fixtures & furniture`
`DBS checks`
`Subscriptions`
`Childrens' activities`
`Equipment & books`
`Speech therapist`
`Depn of plant & equipment etc.`
`Loss on disposal of fixed assets`
**`Support costs`**
**`Governance costs`**
`Independent examination fee`
`Independent examiner's remuneration for other`
`work`
`Total resources expended`
**`Net expenditure`**|`2021`
`£`
**`81,921`**
**`1,946`**
**`8,021`**
**`1,845`**
**`79`**
**`1,920`**
**`15,450`**
**`1,667`**
**`1,074`**
**`166`**
**`1,857`**
**`905`**
**`338`**
**`329`**
**`1,996`**
**`565`**
**`-`**
**`18,188`**
**`-`**
**`138,267`**
**`1,235`**
**`1,357`**
**`2,592`**
**`349,760`**
**`(34,396)`**|`2020`
`£`
`76,648`
`2,238`
`6,662`
`1,905`
`552`
`2,518`
`12,894`
`2,483`
`736`
`2,382`
`966`
`1,787`
`48`
`383`
`4,451`
`5,420`
`1,348`
`13,789`
`3,619`
`140,829`
`1,235`
`2,330`
`3,565`
`327,168`
`(29,731)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 17
```