2021-03-31-accounts - Highfield Grange Pre-School

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HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 31[ST] March 2021

HIGHFIELD GRANGE PRE-SCHOOL

TRUSTEES REPORT

AND

FINANCIAL STATEMENTS

FOR YEAR ENDING 31[st] MARCH 2021

Charity number: 1172681

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 31[ST] March 2021

Trustees Report

The Trustees are pleased to present their report, together with the financial statements for the year ending 31[st] march 2021.

Reference and administration details

Charity name: Highfield Grange Pre-school Charity registration number: 1172681 Address of Charity: The Highfield Centre Highfield Grange Avenue Marus Bridge Wigan WN3 6GH Trustees: G.Ramsdale (Chair) G. Grindle (Secretary) S. Grindle (Treasurer) Committee: R. Flynn K. Priestley J.Clark W.Meehan Pre-school manager: S. Clark Independent examiner: P A Hull & Company 23 Ladies Lane Hindley Wigan WN2 2QA

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 31[ST] March 2021

Objectives and activities

The primary purpose of the Charity is to help children and young people with educational training, by providing pre-school care for children aged two to five years old for 5 day’s week. Session times vary from 3 hours to 6 hours a day, the children also stay for lunch.

To enhance the development and education of children primarily under statutory age, by encouraging parents to understand and provide for the needs of the children through local community groups. Offering appropriate play and learning facilities and access to training courses together with the right of the parents to take responsibility for and to become involved in the activities of the preschool, ensuring that they offer opportunities for all children, regardless of race, culture, beliefs, religion, disability, means and background. 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.

The Charity raises additional funds from the public to support the activities of the Charity but does not work with commercial participators.

In planning the objectives and activities of the Charity, the Trustees have reviewed the guidance provided by the Charity Commission.

Achievements and performance

The committee has made a conscious effort to keep spending in line with the budget, we continue to receive funding from Wigan council. We have been able to improve our indoor area by purchasing and upgrade the furniture and equipment within Pre-school.

Financial review

During the year, the Charity as seen a increase in income generated from fees received. This is due to the fact of government funding for 30 hours for some 3-4 year olds. This is as a result of the Charity being almost full each session during the year.

Expenditure for the Charity is closely monitored. The main cost being that of wages which were closely monitored and rose in the national living wage.

The Trustees consider the yearend financial position to be satisfactory and confirm that the Charity can meet all known obligations.

Structure, governance and management

Governing document Highfield Grange pre-school was established on 7[th] April 2017. Its constitution; the ‘Highfield Grange Pre-school Constitution Document April 2017 was registered with the Charity Commission (registration number 117268) on 21[st] April 2017.

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 31[ST] March 2021

Appointment and recruitment of Trustees

Trustees are appointed at the Annual General Meeting. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee.

Trustees’ induction and training

All new Trustees will be provided with a Committee Welcome Pack which includes copies of:

The Charity’s constitution
The latest accounts of the Charity
Code of Conduct
Confidentiality Agreement

and are encouraged to read Charity Commission guidance notes CC3 - “The Essential Trustee, what you need to know, what you need to do” and PB3 - “Public benefit: Reporting”.

In addition, Trustees are encouraged to read Charity Commission and other newsletters.

Organisational structure

The Trustees administer the Charity and meet regularly thought-out the year, during these meetings all charitable matters are discussed including the raising of funds, income structure, ongoing performance and to approve forthcoming charitable expenditure.

The Charity monitors performance against budgeted targets and reports annually at the Annual General Meeting, where Trustees’ resignation and appointments are made in line with the necessary roles and requirements of the foreseeable future.

Risk management

Management has reviewed the major risks to which the Charity is exposed. Where appropriate systems or procedures have been established to mitigate the risks the Charity faces. Highfield Grange Pre-School benefits from a diligent and dedicated team of Trustees. Costs are closely monitored to ensure the Charity operates within its means. The Charity maintains a separate bank account to cover its reserves, all of which minimise its exposure to risk.

The Charity’s internal policies and procedures are reviewed by the manger of the Pre-school regularly and are in line with EYFS statutory framework.

Reserves policy

The Charity’s reserves policy is to maintain reserves at a level adequate to protect its ongoing work from significant fluctuations in service income. This policy is reviewed annually. The Charity aims to hold sufficient reserves to cover three months’ running costs.

HIGHFIELD GRANGE PRE-SCHOOL CONTENTS FOR THE YEAR ENDING 31[ST] March 2021

At the year end, the Charity has total reserves of £00000 of which £Nil is restricted. The reserves of the Charity are therefore adequate and the Trustees consider that the Charity will continue as a going concern for the foreseeable future.

There are no material uncertainties about the Charity's ability to continue.

Plans for future periods

It is the Trustees’ intention that the Charity will continue to provide services in line with the objectives and activities as noted in these financial statements.

We forecast that our income for the coming year my be slightly lower this year because of the effect of Covid.
We believe that our 30 hours a week childcare to parents will be increased because of more parents taking up the government funding.
The committee will be closely monitoring our financial position to see that we do not lose any income by taking more 30 hour funded children.
We hope with to continue to expand the setting by taking more room within the Highfield Centre and take on an apprentice at Level 3 so being able to offer my places for children.

Trustees

The current Trustees are shown on page 1, including those who have served during the year and any appointment and resignation dates as required.

Public benefit

The Trustees have considered the Charity Commission’s guidance on public benefit. They confirm that in planning and carrying out the Charity’s activities they have had regards to this guidance.

Independent examiner reappointment

A resolution to appoint () of P A Hull & Company as independent examiner will be proposed at the next Annual General Meeting.

The Trustees' annual report was approved on May 21[st] and signed on behalf of the board of Trustees by:

G.Ramsdale(Chair) Trustee

	Page
Business information	J
Approvaloftheaccounts	4
Accountants'report	5
Profitandlossaccount	b
Balance sheet	7
Notes to the accounts	8

	2021	2020
	E	€
Turnover	103,786	99,522
Cost of sales	(5,051)	(11,352)
Other direct costs	(78,110)	(70,458)
Grossprofit	20,625	17,712
Otherincome/profits	1,000
Expenses
Employee costs	2,440	4,288
Premises costs	12,684	13,688
Repairs		184
Generaladministrative expenses	'1,943	1,714
Legalandprofessional costs	1,305	372
Depreciation and loss/profit onsale	651	563
Otherexpensesincluding partnership charges	224	582
	19,247	21,391
ProfiU(loss)	2,378	(3,679)
Allocation of profits	€
MrGarethGrindle-Secretary	793	33.33%
MrsGillianRamsdale-Chair	793	33.33%
MrsSusanGrindle -Treasurer	792	33.34%
	2,378	100%

			2021		2020
	Notes		€		E
Fixedassets
Plant, machineryandmotorvehicles	2		2,172		1,789
Gurrent assets
Bank/buildingsocietybalances		33,674		29,650
Gurrentliabilities
Trade creditors/accruals		720		288
Other liabilities		1,597
		2,317		288
Netcurrent assets			31,357		29,362
Netbusiness assets			33,529		31,151
Capital accounts
Balance at startofperiod			31,1s1		34,830
Net profiV(loss)			2,378		(3,679)
	3		33,529		31,151

	Computerequipment 25%R	educing Balance
2	Plant, machineryandmotor vehicles			Gomputer	Fixtures &	Total
				equipment	fittings
				f	E	E
	Gost
	At1April2020			1,489	1,409	2,898
	Additions			734	300	1,034
	At 31March2021			2,223	1,709	3,932
	Depreciation
	At1April2020			563	546	1,109
	Charge for theyear			373	278	651
	At 31March202'1			936	824	1,760
	Netbook value
	At31 March 202'l			1,287	885	2,172
	At 31March 2020			926	863	1,789
3	Gapitalaccounts	At	Profit	Capital	Drawings	At
		01t04t2020		introduced		3110312021
		f	f	€	€	f
	Mr Gareth Grindle-Secretary	10,383	793			11,176
	MrsGillianRamsdale-Chair	10,383	793			11,176
	MrsSusanGrindle-Treasurer	10,385	792			11,177
		31,151	2,378			33,529

	Computerequipment 25%R	educing Balance
2	Plant, machineryandmotor vehicles			Computer	Fixtures&	Total
				equipment g	fittingsf	E
	Gost
	At1April2020			1,489	1,409	2,898
	Additions			734	300	'1,034
	At31 March2021			2,223	1,709	3,932
	Depreciation
	At1April2020			563	546	1,109
	Charge for theyear			373	278	651
	At 31March202'1			936	824	1,760
	Netbook value
	At31 March2021			1,287	885	2,172
	At 31March 2020			926	863	1,789
3	Capital accounts	At	Profit	Gapital	Drawings	At
		0110412020 €	E	introducedt	€	311031202',1 f
	Mr Gareth Grindle-Secretary	10,383	793			11,176
	MrsGillianRamsdale- Chair	10,383	793			11,176
	MrsSusanGrindle-Treasurer	10,385	792			11,177
		31,151	2,378			33,529

	Page
Business information	J
Approvaloftheaccounts	4
Accountants'report	5
Profitandlossaccount	b
Balance sheet	7
Notes to the accounts	8

	2021	2020
	E	€
Turnover	103,786	99,522
Cost of sales	(5,051)	(11,352)
Other direct costs	(78,110)	(70,458)
Grossprofit	20,625	17,712
Otherincome/profits	1,000
Expenses
Employee costs	2,440	4,288
Premises costs	12,684	13,688
Repairs		184
Generaladministrative expenses	'1,943	1,714
Legalandprofessional costs	1,305	372
Depreciation and loss/profit onsale	651	563
Otherexpensesincluding partnership charges	224	582
	19,247	21,391
ProfiU(loss)	2,378	(3,679)
Allocation of profits	€
MrGarethGrindle-Secretary	793	33.33%
MrsGillianRamsdale-Chair	793	33.33%
MrsSusanGrindle -Treasurer	792	33.34%
	2,378	100%

			2021		2020
	Notes		€		E
Fixedassets
Plant, machineryandmotorvehicles	2		2,172		1,789
Gurrent assets
Bank/buildingsocietybalances		33,674		29,650
Gurrentliabilities
Trade creditors/accruals		720		288
Other liabilities		1,597
		2,317		288
Netcurrent assets			31,357		29,362
Netbusiness assets			33,529		31,151
Capital accounts
Balance at startofperiod			31,1s1		34,830
Net profiV(loss)			2,378		(3,679)
	3		33,529		31,151

	Computerequipment 25%R	educing Balance
2	Plant, machineryandmotor vehicles			Gomputer	Fixtures &	Total
				equipment	fittings
				f	E	E
	Gost
	At1April2020			1,489	1,409	2,898
	Additions			734	300	1,034
	At 31March2021			2,223	1,709	3,932
	Depreciation
	At1April2020			563	546	1,109
	Charge for theyear			373	278	651
	At 31March202'1			936	824	1,760
	Netbook value
	At31 March 202'l			1,287	885	2,172
	At 31March 2020			926	863	1,789
3	Gapitalaccounts	At	Profit	Capital	Drawings	At
		01t04t2020		introduced		3110312021
		f	f	€	€	f
	Mr Gareth Grindle-Secretary	10,383	793			11,176
	MrsGillianRamsdale-Chair	10,383	793			11,176
	MrsSusanGrindle-Treasurer	10,385	792			11,177
		31,151	2,378			33,529

	Computerequipment 25%R	educing Balance
2	Plant, machineryandmotor vehicles			Computer	Fixtures&	Total
				equipment g	fittingsf	E
	Gost
	At1April2020			1,489	1,409	2,898
	Additions			734	300	'1,034
	At31 March2021			2,223	1,709	3,932
	Depreciation
	At1April2020			563	546	1,109
	Charge for theyear			373	278	651
	At 31March202'1			936	824	1,760
	Netbook value
	At31 March2021			1,287	885	2,172
	At 31March 2020			926	863	1,789
3	Capital accounts	At	Profit	Gapital	Drawings	At
		0110412020 €	E	introducedt	€	311031202',1 f
	Mr Gareth Grindle-Secretary	10,383	793			11,176
	MrsGillianRamsdale- Chair	10,383	793			11,176
	MrsSusanGrindle-Treasurer	10,385	792			11,177
		31,151	2,378			33,529