Report to Financial Accounts 31 March 2022 The effects of the pandemic continued to impact the setting in the last financial year, this is especially seen in our fundraising, as we have been unable to fundraise at all. Profits continue to rise with a further increase of £8,240 demonstrating the continued viability of the setting and that income and costs are well controlled, providing a small surplus thus raising capital balances to £76,181 which provides the setting with a buffer to allow for any unexpected expenditure. Incoming resources are up from previous year by £139,146 owing to an increase in fees & HCC grants. This is due to an increase in the number of children we have on register in our care, an increase in the hourly rate for early years grant funding and an increase in our hourly fees. Food and milk saw a slight reduction as a cheaper supplier was sourced but would anticipate this rising this financial year due to inflation. Staff costs have risen by £118,243 owing to the hiring of more staff which are required to cover ratios with the increase in the number of children on register, an increase in the national minimum wage and an increase in staff wages to keep us competitive with other local settings. This also includes costs for staff attending training and after hours Continuous Professional Development. Rent, rates & water has decreased and reduced by £10,994. Rent is calculated on income and as the setting was classed as below good, there was a restriction on enrolling new funded children for a substantial period, as well as the impact on service delivery, because of the covid pandemic. Light & heat & sundries have doubled on the previous year. The setting pays a proportion of the whole building’s utilities and in the previous financial year Hampshire County Council staff worked the majority of the time from home, however, they have now returned meaning that the usage has increased, as more service providers are using the building. Subscriptions have risen due to the procurement of a more effective staff management system (Chronicle timekeeping), better broadband, better software, and IT services. Professional fees have also increased by £4,001 owing to training of staff. Interest and capital on Bounce Back Loan is now payable but the balance is reducing, from £50,000 to £44,167 at year end. Julia Dowd Trustee of Shepherd’s Spring Nursery January 2023 Shepherd's Spring Pre-school Nursery ststement of Accounts For The Period to 31 March 2022 Shepherd's Spring Pre￿chool Nursery Charlty Commi551on Number 1172257 Address Smannel Road Spring Meadows Childrens Centre Smannell Road Andover SP116JP Bankers Lloyds TSB plc 22 High Stro01 Andover SP10 1NW Independent Examiner M W Accounting Ltd Unil 5 Basepoinl Business Centre C8Xton Close Andover SP10 3FG Shepherd's Sprlng Pre4chool Nursory Independent Examlnerfs Report to the Trustees of the Shepherds Sprlng Pre-school Nursery I report on the accounts lorthe period enijed 31 March 2022 Re4￿ctIve rgsponsibilitie¥ of trustee$ and examiner The charity's trustees consider that an audrt is not required for this year lunder sects.on 144121 of the Charities Act 2011. and that an independent examination is needed. It 13 rny responsibility lo.. examine the 8ccwnls lundeT sedion 145 of the Acti tr) followthe procedures laid dobw) in the G&wral Diretions given by the Chanty Commission (under section 145151 Ibl of the 2011 Actl, and 10 State whether parti￿laT matters have wrne to my attention. 8J8i$ of independent examiner'$ ￿pOrt My examinat'on was carried out in accordance with General Direc*ons given by the Charity Cornmissh)n. An examinal'on includes a review of the accDunting records kept by the charity and a comparision of the accounts presented with those reC￿r￿S tt also includes consideration of any unusual items or disclosu￿S in the accounts, and seeking 8xplanatlOns from the tiustees concem1ng any swh matters. The prlxedures undertaken do not provide all the evidence that would be required in an audit, and cA)nsequently I do not epxress an audit opinion on accounts. lnd•￿n￿ènt èxamlnarfs stat•m8nt My examination was carried out in accordance with General Direction5 gNen by the Charity Cornmi5sion. An eK8mination include5 a reviewof the 8¢eounting records kept by th8 d)aFty 8nd 8 (x)mp8rision of the accounts presented with those records. It also includes consideration ol any unusual items or disdosures in the accounts, and seeking explanations from the trustees c(￿cerning any such matters. The Pro￿dureS undertaken do not provide all the eviden￿ that would be required in an audit. and consequently I do not epxress an audrt opinion on the ￿0)unts. In the course of my examination. no matter has ￿rne lo my attenli¢n which gives m8 ieasonable cause to believe that in, any material respect, the trustees have not met the requ1￿Ments to ensure that". -proper accounting records are kept lin 8cWrdan￿ wth secbon130 ofthe Act).. and - accounts are prepared hthich agree ￿1th the ￿Unting reu)rds and comply vAth the *counling requirernents ol the Act." or to which, in my ot*nion, attèntion sh)ukl be drawn in order to enable a proper understanding of the accounts to be reached. M W Accountlng Ltd Unit 5 898epoint 8usine88 Centrt Caxton Cl¢¥0 Andover Hampshlr• SP10 3FG 19 January 2023 Shepherd's Spring Pre4chool Nursery Staternent of Financial Activities For The Period to 31 March 2022 Note5 Total Resliicted 31 Mar 2022 Unrestricted Incoming resources Voluntary income Activi(ies for generating funds Grants Investment income 589.770 589,770 13 13 Total incoming resources 589,783 589,783 Resources expended Costs of generating voluntary income Charitable activities Govemance costs 558,566 12,311 558.566 12,311 Total resources expended 570,877 570,877 Surplus I IDeflclt} for the flnanclal year 18.906 18,9C6 Balance brought fomard at 1 April 2021 57,27S 57,275 Balance as at 31 March 2022 76.181 76.181 The trust has no recognised gains or losses other than the fKJures shown above. Shepherd's Sprlng Pre-school Nursery Balance Sh•et as at 31 March 2022 Notes 31 Mar 2022 Fix•d A¥s•ts Tangl￿e assets Curtant A¥s•ts Debtors Cash at bank and in hand 10 127.592 127,592 Crgdltor8." 51.411 Ngt Curront Asset$ 76.181 Net Assots 76,181 Accumulatsd Funds Unrestn'cted Funds Restricted Funds 76.181 76.781 4)proved by the 8oard of Ttuslees on 19 January 2(Y23 and signed on ils behaK by Name.. Tre J 'Tr¢4JtrLe c£ SAddpA4raJ S/2Q efy Sh8ph8rd'$ Sprlng Pr•4¢hool Nurs•ry Nots8 to the Accounts as at 31 March 2022 A¢¢ounllng Poll¢ies In pr•pafing the ac¢ounts the following a¢countin9 policies have been Compl￿ wth.. al Ba818 of accounting The financial statements have been p￿pa￿d under the historical cost convention and in accordanee W￿t￿ appI￿able ac¢ounb"ng standards. the Charrties SORP 2005 IAc¢ounting and Reporting by ChantE51 and cornply w1th the Charrties IA¢¢ounts Re5y)rtsl Regvlations 2005 issued U￿er Charities Act 2011. bl Funds accountin9 Un￿stricted funds a￿ available for use at the discretion of the trustees in furfherance of the general objectNes of the chanty Restricted funds are subject to restrictions on their expenditure irnposed by the donor or through the tems of an app8al. ¢1 Ineoming rèsourcès All incoming resources af8 included in the state￿Ent of financyal actwities when the charity 18 entitled to the income and the amount can be quantir￿d wth reasonable certainty. Inve$fftnt in¢ow* is Includ￿ when receivabk. Incoming resources from ¢haritable tradlng actfvity are ac£ounted forwhen earned. dl Re80urc08 expended Expendrture is Induded on an 8￿ry8[$ basis. Costs ofgeneratin9 voluntary incorrt ¢omprise$ Ihe ¢osls as$ocTated with attracting, recording and acknowledging voluntsry income. Charitsble activities comprise those costs incurred by th8 charity in the delN8rance of ts aGtNthes and services for its beneficiaries. Govemance costs indude expenses associated wth rreeth.ng the constrtutional and statutory reqUir8Th￿nts of th8 tharity and indude the indeFendent examinerfs f885 snd costs linkefl lo the strategic management of the charity. el Deprociation DepreciatK)n is provided on all tangible fv'xed assets at rates calculated to write off the cost or valuation, less estimated residual value based on pri(ts prevailing at the date of acqui$rtion or rèvaluation, of each asset evenly over its expected usefeul lrfe. as follows" Equipment - 20 % straight line Computers 25 % straight line Shephord's Spring Pro-school Nursory Notes to the Accounts....contlnued as at 31 March 2022 Voluntary Income Unrestricted Funds Reslricled Funds Total 31 Mar 2022 Fund ralsing 8Ctivilies Securty grant Activltles for generating funds Unrestricted Funds Restricted Funds Total 31 Mar 2022 Fees HCC Grants Welfare food income 294,SC6 295,264 294,506 295.264 589.770 589,770 Grants Unreslricled Funds Restricted Funds Total 31 Mar 2022 Special grants Relocation grant Investment income Unreslricled Funds Reslricled Funds Total 31 Mar 2022 Bank interest 13 13 13 13 Costs of gonerating voluntary income Unrestrided Funds Restricted Funds Total 31 Mar2022 Fund raising Shepherd's Sprlng Pre4chool Nursery Notes to the A¢¢ounts.. .continued a$ at 31 March 2022 Charitable actlvFtles Unrestricted Funds Reslricled Funds Totsl 31 Mar 2022 Food and milk purchases Educational adivity supplyas Furniture and equipment Staff ¢osts Clothing costs Telephone Post and stationery Travelling Repairs and renewals Cleaning Computer costs Rent. rates and water Insurance Light and heat Sundries Bank charges Early years pupil premiurn received Early years pupil premium expended Loan interest Depreciation 13,580 14,816 13,580 14,816 464,105 464,105 6,261 1,624 6,261 1,624 650 2,239 650 2,239 33.447 5,521 5,498 5.368 138 33,447 5.521 5,498 5.368 138 1,252 1,252 558.566 SS8,566 Governance costs Unreslricled Funds Restricted Funds Total 31 Mar 2022 A￿UntanCY and professional fees Subscriptions Training 8,531 3.180 6CKI 8,531 3,180 12,311 12.311 Shepherd's Spring Pre-school Nursery Notss to the Accounts....contlnued as at 31 March 2022 Tangible fixed assets Total Equipment Cost: Brought forward Addf(ions A5 at 31 March 2022 Depreciation.. Bioughl forward Charge for the year As al 31 March 2022 Net book valug: Brought forward As at 31 March 2022 10. Debtors 31 Mar 2022 31 Mar 2021 Other debtor5 11. Creditors 31 Mar 2022 31 Mar 2021 Social security and other taxe$ Bank loans Accruals & deferred income 5,673 50,000 600 44,167 600 51,411 56,273 12. Anatysis of fund assets and liabilities Unrestr￿ted Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilrties 127,592 151,4111 127,592 151,411) 76,181 76.181 Shepherd's Spring Pre-school Nursery ststement of Accounts For The Period to 31 March 2022 Shepherd's Spring Pre￿chool Nursery Charlty Commi551on Number 1172257 Address Smannel Road Spring Meadows Childrens Centre Smannell Road Andover SP116JP Bankers Lloyds TSB plc 22 High Stro01 Andover SP10 1NW Independent Examiner M W Accounting Ltd Unil 5 Basepoinl Business Centre C8Xton Close Andover SP10 3FG Shepherd's Sprlng Pre4chool Nursory Independent Examlnerfs Report to the Trustees of the Shepherds Sprlng Pre-school Nursery I report on the accounts lorthe period enijed 31 March 2022 Re4￿ctIve rgsponsibilitie¥ of trustee$ and examiner The charity's trustees consider that an audrt is not required for this year lunder sects.on 144121 of the Charities Act 2011. and that an independent examination is needed. It 13 rny responsibility lo.. examine the 8ccwnls lundeT sedion 145 of the Acti tr) followthe procedures laid dobw) in the G&wral Diretions given by the Chanty Commission (under section 145151 Ibl of the 2011 Actl, and 10 State whether parti￿laT matters have wrne to my attention. 8J8i$ of independent examiner'$ ￿pOrt My examinat'on was carried out in accordance with General Direc*ons given by the Charity Cornmissh)n. An examinal'on includes a review of the accDunting records kept by the charity and a comparision of the accounts presented with those reC￿r￿S tt also includes consideration of any unusual items or disclosu￿S in the accounts, and seeking 8xplanatlOns from the tiustees concem1ng any swh matters. The prlxedures undertaken do not provide all the evidence that would be required in an audit, and cA)nsequently I do not epxress an audit opinion on accounts. lnd•￿n￿ènt èxamlnarfs stat•m8nt My examination was carried out in accordance with General Direction5 gNen by the Charity Cornmi5sion. An eK8mination include5 a reviewof the 8¢eounting records kept by th8 d)aFty 8nd 8 (x)mp8rision of the accounts presented with those records. It also includes consideration ol any unusual items or disdosures in the accounts, and seeking explanations from the trustees c(￿cerning any such matters. The Pro￿dureS undertaken do not provide all the eviden￿ that would be required in an audit. and consequently I do not epxress an audrt opinion on the ￿0)unts. In the course of my examination. no matter has ￿rne lo my attenli¢n which gives m8 ieasonable cause to believe that in, any material respect, the trustees have not met the requ1￿Ments to ensure that". -proper accounting records are kept lin 8cWrdan￿ wth secbon130 ofthe Act).. and - accounts are prepared hthich agree ￿1th the ￿Unting reu)rds and comply vAth the *counling requirernents ol the Act." or to which, in my ot*nion, attèntion sh)ukl be drawn in order to enable a proper understanding of the accounts to be reached. M W Accountlng Ltd Unit 5 898epoint 8usine88 Centrt Caxton Cl¢¥0 Andover Hampshlr• SP10 3FG 19 January 2023 Shepherd's Spring Pre4chool Nursery Staternent of Financial Activities For The Period to 31 March 2022 Note5 Total Resliicted 31 Mar 2022 Unrestricted Incoming resources Voluntary income Activi(ies for generating funds Grants Investment income 589.770 589,770 13 13 Total incoming resources 589,783 589,783 Resources expended Costs of generating voluntary income Charitable activities Govemance costs 558,566 12,311 558.566 12,311 Total resources expended 570,877 570,877 Surplus I IDeflclt} for the flnanclal year 18.906 18,9C6 Balance brought fomard at 1 April 2021 57,27S 57,275 Balance as at 31 March 2022 76.181 76.181 The trust has no recognised gains or losses other than the fKJures shown above. Shepherd's Sprlng Pre-school Nursery Balance Sh•et as at 31 March 2022 Notes 31 Mar 2022 Fix•d A¥s•ts Tangl￿e assets Curtant A¥s•ts Debtors Cash at bank and in hand 10 127.592 127,592 Crgdltor8." 51.411 Ngt Curront Asset$ 76.181 Net Assots 76,181 Accumulatsd Funds Unrestn'cted Funds Restricted Funds 76.181 76.781 4)proved by the 8oard of Ttuslees on 19 January 2(Y23 and signed on ils behaK by Name.. Tre J 'Tr¢4JtrLe c£ SAddpA4raJ S/2Q efy Sh8ph8rd'$ Sprlng Pr•4¢hool Nurs•ry Nots8 to the Accounts as at 31 March 2022 A¢¢ounllng Poll¢ies In pr•pafing the ac¢ounts the following a¢countin9 policies have been Compl￿ wth.. al Ba818 of accounting The financial statements have been p￿pa￿d under the historical cost convention and in accordanee W￿t￿ appI￿able ac¢ounb"ng standards. the Charrties SORP 2005 IAc¢ounting and Reporting by ChantE51 and cornply w1th the Charrties IA¢¢ounts Re5y)rtsl Regvlations 2005 issued U￿er Charities Act 2011. bl Funds accountin9 Un￿stricted funds a￿ available for use at the discretion of the trustees in furfherance of the general objectNes of the chanty Restricted funds are subject to restrictions on their expenditure irnposed by the donor or through the tems of an app8al. ¢1 Ineoming rèsourcès All incoming resources af8 included in the state￿Ent of financyal actwities when the charity 18 entitled to the income and the amount can be quantir￿d wth reasonable certainty. Inve$fftnt in¢ow* is Includ￿ when receivabk. Incoming resources from ¢haritable tradlng actfvity are ac£ounted forwhen earned. dl Re80urc08 expended Expendrture is Induded on an 8￿ry8[$ basis. Costs ofgeneratin9 voluntary incorrt ¢omprise$ Ihe ¢osls as$ocTated with attracting, recording and acknowledging voluntsry income. Charitsble activities comprise those costs incurred by th8 charity in the delN8rance of ts aGtNthes and services for its beneficiaries. Govemance costs indude expenses associated wth rreeth.ng the constrtutional and statutory reqUir8Th￿nts of th8 tharity and indude the indeFendent examinerfs f885 snd costs linkefl lo the strategic management of the charity. el Deprociation DepreciatK)n is provided on all tangible fv'xed assets at rates calculated to write off the cost or valuation, less estimated residual value based on pri(ts prevailing at the date of acqui$rtion or rèvaluation, of each asset evenly over its expected usefeul lrfe. as follows" Equipment - 20 % straight line Computers 25 % straight line Shephord's Spring Pro-school Nursory Notes to the Accounts....contlnued as at 31 March 2022 Voluntary Income Unrestricted Funds Reslricled Funds Total 31 Mar 2022 Fund ralsing 8Ctivilies Securty grant Activltles for generating funds Unrestricted Funds Restricted Funds Total 31 Mar 2022 Fees HCC Grants Welfare food income 294,SC6 295,264 294,506 295.264 589.770 589,770 Grants Unreslricled Funds Restricted Funds Total 31 Mar 2022 Special grants Relocation grant Investment income Unreslricled Funds Reslricled Funds Total 31 Mar 2022 Bank interest 13 13 13 13 Costs of gonerating voluntary income Unrestrided Funds Restricted Funds Total 31 Mar2022 Fund raising Shepherd's Sprlng Pre4chool Nursery Notes to the A¢¢ounts.. .continued a$ at 31 March 2022 Charitable actlvFtles Unrestricted Funds Reslricled Funds Totsl 31 Mar 2022 Food and milk purchases Educational adivity supplyas Furniture and equipment Staff ¢osts Clothing costs Telephone Post and stationery Travelling Repairs and renewals Cleaning Computer costs Rent. rates and water Insurance Light and heat Sundries Bank charges Early years pupil premiurn received Early years pupil premium expended Loan interest Depreciation 13,580 14,816 13,580 14,816 464,105 464,105 6,261 1,624 6,261 1,624 650 2,239 650 2,239 33.447 5,521 5,498 5.368 138 33,447 5.521 5,498 5.368 138 1,252 1,252 558.566 SS8,566 Governance costs Unreslricled Funds Restricted Funds Total 31 Mar 2022 A￿UntanCY and professional fees Subscriptions Training 8,531 3.180 6CKI 8,531 3,180 12,311 12.311 Shepherd's Spring Pre-school Nursery Notss to the Accounts....contlnued as at 31 March 2022 Tangible fixed assets Total Equipment Cost: Brought forward Addf(ions A5 at 31 March 2022 Depreciation.. Bioughl forward Charge for the year As al 31 March 2022 Net book valug: Brought forward As at 31 March 2022 10. Debtors 31 Mar 2022 31 Mar 2021 Other debtor5 11. Creditors 31 Mar 2022 31 Mar 2021 Social security and other taxe$ Bank loans Accruals & deferred income 5,673 50,000 600 44,167 600 51,411 56,273 12. Anatysis of fund assets and liabilities Unrestr￿ted Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilrties 127,592 151,4111 127,592 151,411) 76,181 76.181