Report to Financial Accounts 31 March 2023 The accumulative effects of COVID, national minimum wage, employer's taxation, pension, and cost of living increases along with uncertainty regarding staff has made for a very challenging financial year. A deficit for the year of £87,806.00 demonstrates the financial pressures the setting has been under, reducing capital balances to a loss of £11,625.00. Incoming resources are down from the previous year by £10,957.00, with the base level funding rates having been increased this shows a reluctance to commit to offering a maximum number of spaces due to the ongoing nationwide staffing crisis within the early years sector. The cost of food and milk has seen an increase of £10,418.00 due to inflation and an increase in children with specific dietary requirements requiring specific and often more expensive food items. Staff costs have risen by £74,197.00 due to national minimum wage increases, general pay increases to remain competitive, hiring a second SENCO (both of which are not in ratio) to help with the increase in demand for a provision that has a high level of SEN needs and the supply of meals while in the process of hiring of a chef. Rent, rates and water have increased by £2,233.00. Light, heat and sundries reduced by £579.00, we pay a proportion of the whole building's utilities, the Hampshire County Council staff have for most of the time been hybrid working (a few days in the office and a few days working from home). Subscriptions have reduced by £1,046.00 due to cost efficacy measures being taken and the streamlining of processes. Professional fees have also increased by £1,405.00 due to a general increase in cost of services. Staff training has also doubled to £1,292.00 (an increase of £692.00) as we endeavour to maintain a well-informed workforce. Interest and capital on Bounce Back Loan is now £38,508.00, a reduction of £5,659.00 from £44,167.00 at previous year end. _yf.'; V_ l ~~v~~ Perri Sievewright Trustee of Shepherd's Spring Nursery 15 January 2024 Shepherd's Spring Pre-school Nursery Statement of Accounts For The Period to 31 March 2023 Shepherd's Spring Pre4chool Nursery Charlty Commlsslon Number 1172257 Address Smannel Road Spring Meadows Childrens Centr• Smannell Road Andover SP116JP Banke Lloyds TSB pl 22 HKJh Street Andover SP10 1NW Independent Examingr W Accounting Ltd Uni(5 Basepoinl Business Contre Caxton Close Andover SP10 3FG Shepherd's Sprlng Pre4chool Nursery Independent Examinevs Report to the Trustees of the Shepherds Spring Pre4chool Nursery I report on the accounts for the period ended 31 Marth 2023 Re6pectlve reBponBlbllltles of trustees and examlner The charity's trustees considerthal an audit Is not required this year (under section 144121 ol the Charities Act 2011. and that an independent examinab.on is nèeded. It is my responsibility to.. exarnine the accounts (under sedion 145 of the Act) to follow the procedures laid down in the General Diretr'ons given by the Charity Commission lunder section 145151 Ibl of the 2011 Act). and lo state bthether particular matters have ￿me lo my attenfjon. Ba81s of Independenl examIne￿5 rewt My examination was carried out in accordan￿ with General DI￿￿'on5 given by the Charity Cornmission. An examination includas a r6viaw of tha accountin9 record$ kept by the charty and 8 cornparision of the awounts presented *ith those records. It also includes consideration of any unusual itern5 or disc105ures In the account5. and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not prowde all the evidence that would be required in an audit, and consequentty I do not epxress an audit opinion on the a￿nts. Independent examlnerfs statement My examination was carried out in a¢XOrdar￿ with General DiT￿tionS given by the Charity Commission. An exaTnination Includes a review of th8 accounting reth5 kept by tharty and a cornparision ol the ac£ounls presented wth those records. It also indudes considerah.on of any unusual items or d15closures in the 8ccountS, and seekirvJ explanats'ons from the trustees Can￿rnIng any such matters. The prO￿dureS undertaken clo not provide al the evidence that wruld be required in an audit. and consequently I do not epxress an audit opinion w the accounts. In the course of my ex8rnination. no rnatter has come to my attention which gives me ￿8$Onable c8u8e lo believe that in. any material respecL the trustees have not met the requirements to ensure that.. -proper aco)unting records are kept lin accordance ¥Mth section130 of the Act),. and - accounts are prepa￿d which agree the accounting ￿ordS and comply with the accounting raquirèmènts of the Act.. or to whieh. in my opinion. attention Shou￿ be dra￿￿ in orderto enable a woper understaThling of the accounts to reached. WA¢¢ounting Ltd Unlt S Bas•polnt Buslness Contr9 Caxton Close Andover Hampshlre SPI0 3FG 9 January 2024 Shepherd's Sprlng Pre-school Nursery statement of Financial Activities For The Perlod to 31 March 2023 Notes Totsl 31 Mar 2023 Unreslricled Reslricled Incomlng Yegourceg Voluntary income Activf(ies for generating funds Grants Investment income 578,739 578,739 87 87 Totsl incoming resources 578,826 578.826 Resourc9$ exponded Costs of generating voluntary income Charitable activities Governance costs 653,270 13,362 653.270 13,362 Total resources expentjed 666.632 666,632 Surplus l {Defictt) for the flnancial year 187,806) 187.8061 Balance brought fomard a11 April 2022 76.181 76,181 Balance as * 31 March 2023 {11,6251 {11,6251 The trust has no recc*Jnised gains or losses other than Ihe figures shown above. Shepherd's Sprlng Pre4chool Nursery 8alan¢e Sheet as at 31 March 2023 Notes 31 Mar 2023 Fixed Assets Tangible assets Current Assets Debtors Cash al bank and in hand 10 33,702 33.702 Creditor&: onfj y 45,327 Net Current Assets 111.6251 Net Assets 111,6251 Accumulated Funds Unrestricted Funds Restricted Funds 111,6251 111,6251 Approved by the Board of Trustees on 9 January 2024 and signed on its behalf by Name.. Trgasurer Shèphord's Sprfng Pre4chool Nursory Notes to thg A¢¢ounts as at 31 Mar¢h 2023 Accountin9 Policie$ In preparing the accounts tha following a¢￿UntIng pdries have been Cornpl￿d with.. al Basis of accounting The financial statements have b88n prepared under the hi8lorul cost con¥anfron and in accordance wrth applicable accounting standards, the Charrties SORP 2005 (Accounting and Reporbng by Charitiesl and comply with th8 Charit￿5 (Accounts Reports) Regulations 2005 issued under the CharitE5 Act 2011. bl Funds accounting Unrestdeted funds ats av8iLqblo for u$e at the dis¢retK)n of thè truste8s in furtherance ol the general obi8ctives of the charity R8Stricted fund$ are su*eGt to fystrictK)n5 on their exp8nditure imposed by thè donor or through the tem)s of an appeal. cl Incomlng rnsour¢8s AV inwning resources a￿ included in the statement of financial activities when the charity 15 entrtled to the income and the amount can be quanlffigd with reasonablg certainty. Investrnent in¢oTna ks included when receivable. Incoming rascurces from charilable tratjing acbvity are accounted forwhen eamed. dl Resources expended EXpendrtu￿ is induded on an accruals basis. Costs of g8nerating voluntary in¢cme comprises tha costs aSso￿ated attra¢tiNJ, recording and acknowledging voluntary incorrts. Charitable a¢bvitiè$ cornpri58 those costs incurred by the charty In thè deliverancg of its aL*vrties and services for its benef￿laries. Gov8mance costs include expenses as5ociat￿ with rneeting the constitutional and Statutory requirements of the charty and include the independent examin8d5 fees and costs Ilnked to tho stratègic management of the chanty. •> D8preciwtion Depreciation 1$ provided on all tangible fixed assats at rates Catulated to writ8 off the c08t or vaknation, les5 estimated residual value based on pnce5 p￿¥￿illng at the date of af4UiSition or r6valuation, of each asset eventy over its expèctèd usefaul life, as follows.. Equyrrent 20 % straKJht line Compu¢ers - 25 % straight line Shepherd's Sprlng Pre-school Nursery Notes to the Accounts....continued as at 31 March 2023 Voluntary Income Unrestricted Funds Reslricled Funds Total 31 Mar 2023 Fund raising activi(ies Security grant Activities for generating funds Unre$tricte(I Funds Reslricled Funds Totsl 31 Mar2023 Fees HCC Grants Weware food inc(xne 294,046 284,693 294,046 284,693 578,739 578.739 Grants Unrgslrictsd Funds RestrKted Funds Total 31 Mar 2023 Special grants Rel¢xation grant Investment Incomo Unrestrided Funds Restricted Funds Total 31 Mar2023 Bank interest 87 87 87 87 Costs of generatlng voluntary Income Unrestrited Funds Restricted Funds Total 31 Mar 2023 Fund raising Shepherd's Spring Pre-school Nursery Notes to the Accounts....continued as at 31 March 2023 Charitable activities Unresliicted Funds Reslricled Funds Total 31 Mar 2023 F¢))d and milk purchases Educational activity supplies Furniture and equipment Staff costs Clothing costs Telephone Post and stationery Travelling Repairs and renewais Clganing Computer costs Rent. rates and water Insurance LKJhl and heat Sundries Bank charges Early years pupil premium received Early years pupil premium expended Loan interest Depreciation 23,998 15.892 23,998 15,892 538,302 905 2,152 538,302 905 2,152 47 13,922 20 5.911 35.680 4,283 7,098 3,189 178 47 13,922 20 5,911 35.680 4.283 7.098 3,189 176 751 751 653,270 653,270 Govgrnan¢o costs Unrestricted Funds Reslricled Total Funds 31 Mar 2023 Accountancy and pr¢)fes$ional fees Subscriptions Training 9,936 2,134 1,292 9,936 2,134 1,292 13,362 13,362 Shepherd's Sprlng Pre-school Nursery Notes to the Accounls....continued as at 31 March 2023 Tanglble fixed assets Total Equipment Cost: Brought forward Additions As at 31 March 2023 Depreclatlon: Brought forward Charge for the year As at 31 March 2023 Net book valuo: Brought fO￿ard As al 31 March 2023 10. Debtors 31 Mar 2023 31 Mar 2022 Other debtors 11. CreditoryJ 31 Mar 2023 31 Mar 2022 Social Security and other taxes Bank loans A¢¢ruals & deferred income 6,219 38.508 600 44,167 600 45,327 51,411 12. Analysis of fund assets and liabilitios Unr951rided Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current Irabililies 33,702 145.3271 33,702 145,3271 111,6251 111.6251 Shepherd's Spring Pre-school Nursery Statement of Accounts For The Period to 31 March 2023 Shepherd's Spring Pre4chool Nursery Charlty Commlsslon Number 1172257 Address Smannel Road Spring Meadows Childrens Centr• Smannell Road Andover SP116JP Banke Lloyds TSB pl 22 HKJh Street Andover SP10 1NW Independent Examingr W Accounting Ltd Uni(5 Basepoinl Business Contre Caxton Close Andover SP10 3FG Shepherd's Sprlng Pre4chool Nursery Independent Examinevs Report to the Trustees of the Shepherds Spring Pre4chool Nursery I report on the accounts for the period ended 31 Marth 2023 Re6pectlve reBponBlbllltles of trustees and examlner The charity's trustees considerthal an audit Is not required this year (under section 144121 ol the Charities Act 2011. and that an independent examinab.on is nèeded. It is my responsibility to.. exarnine the accounts (under sedion 145 of the Act) to follow the procedures laid down in the General Diretr'ons given by the Charity Commission lunder section 145151 Ibl of the 2011 Act). and lo state bthether particular matters have ￿me lo my attenfjon. Ba81s of Independenl examIne￿5 rewt My examination was carried out in accordan￿ with General DI￿￿'on5 given by the Charity Cornmission. An examination includas a r6viaw of tha accountin9 record$ kept by the charty and 8 cornparision of the awounts presented *ith those records. It also includes consideration of any unusual itern5 or disc105ures In the account5. and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not prowde all the evidence that would be required in an audit, and consequentty I do not epxress an audit opinion on the a￿nts. Independent examlnerfs statement My examination was carried out in a¢XOrdar￿ with General DiT￿tionS given by the Charity Commission. An exaTnination Includes a review of th8 accounting reth5 kept by tharty and a cornparision ol the ac£ounls presented wth those records. It also indudes considerah.on of any unusual items or d15closures in the 8ccountS, and seekirvJ explanats'ons from the trustees Can￿rnIng any such matters. The prO￿dureS undertaken clo not provide al the evidence that wruld be required in an audit. and consequently I do not epxress an audit opinion w the accounts. In the course of my ex8rnination. no rnatter has come to my attention which gives me ￿8$Onable c8u8e lo believe that in. any material respecL the trustees have not met the requirements to ensure that.. -proper aco)unting records are kept lin accordance ¥Mth section130 of the Act),. and - accounts are prepa￿d which agree the accounting ￿ordS and comply with the accounting raquirèmènts of the Act.. or to whieh. in my opinion. attention Shou￿ be dra￿￿ in orderto enable a woper understaThling of the accounts to reached. WA¢¢ounting Ltd Unlt S Bas•polnt Buslness Contr9 Caxton Close Andover Hampshlre SPI0 3FG 9 January 2024 Shepherd's Sprlng Pre-school Nursery statement of Financial Activities For The Perlod to 31 March 2023 Notes Totsl 31 Mar 2023 Unreslricled Reslricled Incomlng Yegourceg Voluntary income Activf(ies for generating funds Grants Investment income 578,739 578,739 87 87 Totsl incoming resources 578,826 578.826 Resourc9$ exponded Costs of generating voluntary income Charitable activities Governance costs 653,270 13,362 653.270 13,362 Total resources expentjed 666.632 666,632 Surplus l {Defictt) for the flnancial year 187,806) 187.8061 Balance brought fomard a11 April 2022 76.181 76,181 Balance as * 31 March 2023 {11,6251 {11,6251 The trust has no recc*Jnised gains or losses other than Ihe figures shown above. Shepherd's Sprlng Pre4chool Nursery 8alan¢e Sheet as at 31 March 2023 Notes 31 Mar 2023 Fixed Assets Tangible assets Current Assets Debtors Cash al bank and in hand 10 33,702 33.702 Creditor&: onfj y 45,327 Net Current Assets 111.6251 Net Assets 111,6251 Accumulated Funds Unrestricted Funds Restricted Funds 111,6251 111,6251 Approved by the Board of Trustees on 9 January 2024 and signed on its behalf by Name.. Trgasurer Shèphord's Sprfng Pre4chool Nursory Notes to thg A¢¢ounts as at 31 Mar¢h 2023 Accountin9 Policie$ In preparing the accounts tha following a¢￿UntIng pdries have been Cornpl￿d with.. al Basis of accounting The financial statements have b88n prepared under the hi8lorul cost con¥anfron and in accordance wrth applicable accounting standards, the Charrties SORP 2005 (Accounting and Reporbng by Charitiesl and comply with th8 Charit￿5 (Accounts Reports) Regulations 2005 issued under the CharitE5 Act 2011. bl Funds accounting Unrestdeted funds ats av8iLqblo for u$e at the dis¢retK)n of thè truste8s in furtherance ol the general obi8ctives of the charity R8Stricted fund$ are su*eGt to fystrictK)n5 on their exp8nditure imposed by thè donor or through the tem)s of an appeal. cl Incomlng rnsour¢8s AV inwning resources a￿ included in the statement of financial activities when the charity 15 entrtled to the income and the amount can be quanlffigd with reasonablg certainty. Investrnent in¢oTna ks included when receivable. Incoming rascurces from charilable tratjing acbvity are accounted forwhen eamed. dl Resources expended EXpendrtu￿ is induded on an accruals basis. Costs of g8nerating voluntary in¢cme comprises tha costs aSso￿ated attra¢tiNJ, recording and acknowledging voluntary incorrts. Charitable a¢bvitiè$ cornpri58 those costs incurred by the charty In thè deliverancg of its aL*vrties and services for its benef￿laries. Gov8mance costs include expenses as5ociat￿ with rneeting the constitutional and Statutory requirements of the charty and include the independent examin8d5 fees and costs Ilnked to tho stratègic management of the chanty. •> D8preciwtion Depreciation 1$ provided on all tangible fixed assats at rates Catulated to writ8 off the c08t or vaknation, les5 estimated residual value based on pnce5 p￿¥￿illng at the date of af4UiSition or r6valuation, of each asset eventy over its expèctèd usefaul life, as follows.. Equyrrent 20 % straKJht line Compu¢ers - 25 % straight line Shepherd's Sprlng Pre-school Nursery Notes to the Accounts....continued as at 31 March 2023 Voluntary Income Unrestricted Funds Reslricled Funds Total 31 Mar 2023 Fund raising activi(ies Security grant Activities for generating funds Unre$tricte(I Funds Reslricled Funds Totsl 31 Mar2023 Fees HCC Grants Weware food inc(xne 294,046 284,693 294,046 284,693 578,739 578.739 Grants Unrgslrictsd Funds RestrKted Funds Total 31 Mar 2023 Special grants Rel¢xation grant Investment Incomo Unrestrided Funds Restricted Funds Total 31 Mar2023 Bank interest 87 87 87 87 Costs of generatlng voluntary Income Unrestrited Funds Restricted Funds Total 31 Mar 2023 Fund raising Shepherd's Spring Pre-school Nursery Notes to the Accounts....continued as at 31 March 2023 Charitable activities Unresliicted Funds Reslricled Funds Total 31 Mar 2023 F¢))d and milk purchases Educational activity supplies Furniture and equipment Staff costs Clothing costs Telephone Post and stationery Travelling Repairs and renewais Clganing Computer costs Rent. rates and water Insurance LKJhl and heat Sundries Bank charges Early years pupil premium received Early years pupil premium expended Loan interest Depreciation 23,998 15.892 23,998 15,892 538,302 905 2,152 538,302 905 2,152 47 13,922 20 5.911 35.680 4,283 7,098 3,189 178 47 13,922 20 5,911 35.680 4.283 7.098 3,189 176 751 751 653,270 653,270 Govgrnan¢o costs Unrestricted Funds Reslricled Total Funds 31 Mar 2023 Accountancy and pr¢)fes$ional fees Subscriptions Training 9,936 2,134 1,292 9,936 2,134 1,292 13,362 13,362 Shepherd's Sprlng Pre-school Nursery Notes to the Accounls....continued as at 31 March 2023 Tanglble fixed assets Total Equipment Cost: Brought forward Additions As at 31 March 2023 Depreclatlon: Brought forward Charge for the year As at 31 March 2023 Net book valuo: Brought fO￿ard As al 31 March 2023 10. Debtors 31 Mar 2023 31 Mar 2022 Other debtors 11. CreditoryJ 31 Mar 2023 31 Mar 2022 Social Security and other taxes Bank loans A¢¢ruals & deferred income 6,219 38.508 600 44,167 600 45,327 51,411 12. Analysis of fund assets and liabilitios Unr951rided Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current Irabililies 33,702 145.3271 33,702 145,3271 111,6251 111.6251