Registered chority number.1175289 Mothergoose Preschool Report of the trustees, and uriaudited financial statements for the year ended 31 August 2021
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2021 Report of the Trustees Independent Exominerfs Report Statement of Flnanclol Activities Balance Sheet Notes to th8 occounts Detailed Statement of Ilnonciol Activities 9-14 15
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2021 te The trustees prasent their reFX)rt with tha financlol stotemants of the chority for the year ended 31 Augvst 2021. The trustees have adopted the provlsions of th8 Statement of Recommended Practice (SORP) 'Accounting and Reporting by Choritias. effectivg from January 2015. Reglstersd Chority number. n75289 Wimpol8 Village Holl Cambridge Road Wlmpole Royston S68 5QE Trustees.. Alllson Brennon (Chalr) Georglna Standen (Cholr) Sera Hagger (Secretary) Shelley Coulmon (Treasurer) DT Naoml Brown Amelio Cobon Ginsberg Edel O'sheo Dorren Coxall Indepondent Examlner. Adrian Winter FCCA Taylor & Co Chart8red Certified Accountants Tr8 Sycamores 43 Kneesworth Street Roystory Hertrord$hire, SG8 SAB
Mothergoose Preschool Unaudited Financial Statements Year En¢Jed 31 Au8USt 2021 IAU The charity is controlled by Its governing document, The CIO Constltution for childcare prowders 2013. The trustees ara elected by the membership ot the AGM. Mothergoose Preschool is ()dminlstered and manoged by the trustees most of the tTUStee$ are parents ond hove an aff iliotlon with the prsChool. The Proschool are aGtwely seeknng trustees with speclfic skills to contribute to the strategic plon being develop8d. The objective ol Mothergoos6 is to is to enhonce the dev8loprnent and ¢duo)tion of childrèn ond young people by ensuring that we adh8r6 to thè following: promoting thoir core and safety, PTomoting their education ond promoting par8ntal involvem8nL promotlng thelT he0h ond wellboing; providlng services to individuals holding membershlp of the CIO; and furthering the aims of the prtrschool laorning alllonce. The Preschool Is locoted in o village holl within South Cambrfdgeshire ond has an excellent reputotion within the local community. The prSChOol has successfully Increosed the opening hours of the provlsion ond are continuing to increosè the hours in Ilne with the 30 hours lundlng availabilty. This will be monitored ond reviewed to ensure thot the increased provision is sustainoble so that ¢)th8r famili88 con benefit from the excellént service the preschool provlde& Thè preschool is Ofstgd iegistered ond follows the EYFS guidonce. This ensures that oll children und8r the age of fiv8 benefit from o safe secur6 and hoppy envlronmenl where they con play and d8velop. The setting activew promotes tnese ideols ond therefore look ot ways to enhance the chikl's time spent at the preschool. The preschool maintoins excellent relationships witri the local primary school ond offer oddltionol sessions for rislng fives to onguro that they are reody lor storting school.
Mothergoose Preschool Unaudited Financial SLitements Year Ended 31 Au8U5t 2021 tin In corrying out these octivities tha trustees confirn adherence with the Chority Commission's guidance on public beneflt octtvrtle& COVID19 hos had a significant Impoct on the pre-school ond has therefore not 8nabled trust8es to push forward on future plon& The PrSchOol however hos monitored it's ca8hflow position ond is comfortable that the prschool is in o good position to continue os o going concern during these uncertain time& The PTeschool Is In need of skilled trusts and professiowl support flnding skilled trustees is difficult for a small Mlloge pre-school. Th8 choll8nge lacing the preschool year on year Is to cover running costs In line with Ofsted r8gulatlons whilst government funding remoins relatfvely low. Increose In woges year on yeor hove had an impact on the running costs 0$ will th8 predictad Increase in Inflotion for 2022 With an overall decrease Sn Birth-rote in the UK the sector is experfgnclng low numbers and low occupancy rotes within $8tting& This ItnoncKJl yeor th8 preschool mode o proflt ot £3A74 (202fr. £6,188). Mothargoose reserves pollcy is In placo to protect relevant stakeholders in the unlikely event that the scherne's income reduces, and the scheme is unoble to continue. Th arnuun¢ nei(J res8rves nos tseen ogreed to bg Set at covering a minimum of one term running costs and any odditlonol contr(Jctuolty obligated stoff cost& The trustees have a duty to identfy ond review risks to whh the chorty is exposed and to ensure appropriate controls are in place to provide reosonoble assurance against traud and error. On 8ehalf ot the Board= Allison Brennan (Choir)
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2021 Pr We report on the accounts for the yeor ended 31 August 2021 set out on pages 7 to16. The charity's trustees aTa responsible for the prgwration of the accounts. The charity's trustees consider that on audit is not required for this yeor (under Section 144(2) of tho Charities Act 2011 (the 2011 Act)) and thot on independent exominotion Is requirgd. examinè the occounts undèr Section145 of the 2011 Act to follow the procedures laid down in the Generol Directions glven by the Charity Commissiori (under Sectlon 145(5)(b) ol the 2011 Act),. ond to gtato wh8ther particulor matters havo come to my ottentlon. My examination wos corrled out In occordonco wlrh the geneiol Directions given by tho Chority Commlssion. An exomination includ@s o review ol the accounting records kèpt by the charity ond a comparison of the occounts presented with thos8 records. It olso Includes considgrotion of any unusual items or disclosures in the account$ and seeking explonatlons from you as trust88s concerning ony such motters. The proceduTes undertaken do not provide all the evidence thot would bo required in an oudiL ond consequgntly no oplnion 18 given as to whether th8 occounts present a Iwe and foir view ' and the report 1$ limited to those motters set out in the statements below. Tho chority's gross income exceeded £25,000 and l om quoliliod to undertak8 the examination by being a qualified member of the ASSOClOtion Certified Chartered Ac¢ountonts (ACCA). I have Completed my exominotlon. I conlirm thot no matter hos come to my ottention In connection with the exomination (other thon thot disclosed below ') wlii¢h,gfves me cause to believe that in, ony moteiial respect th8 occovntiry records were not kept in accorckjncg wlth section 130 ot the Chorities ACL or th8 accounts did not occ(xd with the aCcnting records; or 51Page
Mothergoose Presc1 Unaudited Financial Statements Year Ended 31 August 2021 the accounts did not compty with th8 OPPlicokJe requiremants conceming tho form and content ot occounts sat out In the chorits.es (Accounts ond Reports) Regulotions 2008 other thon any r8quirem9nt that the accounts give a Iw8 ond foir. view which is not a motter considered os port of on independent examinatlon I have no materiol concerns and hove come aer¢)ss no other matters in connectlon wtth the exominatlon to which ottention should bg drawn in thls raport in wder to anoble a proper understanding ol the occounts to ba r8och8d. Adrlon Winter FCCA Taylor & Co Chart8r$d Certilied Accountonts The Sycomores 43 Knwworth Street Royston Herts SG8 SAB Oat
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 Au8USt 2021 2021 Total Funds 2020 Total Funds Unrestricted Restricted Funds Funds Notes Incoming resoufces generoted funds Donations Actwlties for genarating funds Job rgtention scheme Total Incoming resourc8S 100 604 608 1212 150 48,730 608 49,488 1,568 50,413 50 48,126 48,176 51,981 ResourGe&ewudfid Costs of generoting funds Fundraising trading.. costs of goods sold ond other ¢ost$ 45298 716 4e,oH 45,793 Net incomingl(ChJtcoming) r•sources Z878 596 3,474 6,18B 43,881 3,474 37,473 8,188 Totol funds brou ht forwofd Funds Received in xaor 13 13 40215 1878 3,446 596 Totol lunds ¢orrlod forward 43,093 4042 47,135 43,861 71Page
Mothergoose Preschool Unaudited Flnancial Statements Year Ended 31 Au8USt 2021 2021 Unrestrtctod Rostricted Total Funds Funds Funds 2020 Total Funds Notes Olfico ment ond IT Totol tixed assots 480 Trad8 Dgbtors Pr@payment$ Cosh at bank and in hond Total current ossets 3,811 908 42,561 47279 3BII 908 4,042 46,603 4,042 51221 8,583 44,178 51781 Qurtent.LlabIlltl£s Credllors amounts due within one rotol ossets less current liobilities 10 (4,666) 42.613 (4,666) (9,100) 4,042 46,655 43,563 Net assats 43.093 4,042 47,135 43,661 Unrestrict8d funds Restricted funds 13 13 43.093 43,093 4P42 40,215 3,446 4,042 Total fund# 43.093 4.042 47,135 43,661
ergo Unaudited Financial Statements Year Ended 31 August 2021 th l Basis of preparation l.l Basis of accounting These accounts have b08n Prepared under the historical cost convention with items r&cognlsed ot cost or transactlon value unless otherwise stated in the relevant note(s) to these accounts. They hove been prepare(I In accordonce with the Stotement ol Rgcommended Practice- Accounting ond Reporting by Chorities, Financial Reporting standard applicable in thè UK and Republi¢ ol Iveland (FRS 102) issued on16 July 2014 and with thè Chorities Act 201I Th8 charity constitutes a publlc benefit entty as deflned by FRS102 1.2 Going Concern The trustees deem thè chorty to be o going concern for the next 1ve months and wll continuo to monitor thi& 2 Accounting Policies 2.1 Recognition of income All income is included within the Stcrtement of Finonciol ActNitles (SOFA) whon the charity is legally entitled to the income and the arnnt can ba quontilied with rwsonable accuracy. Qrants ond d¢)nations are only included in the ScfA when the generol income racognition criteria are met (5.10 to 5.12 FRS102 SORP). Troding income is recognised ot polnt of sale for both donated and purchased goods. Tha charity has the use ot o villoge holl in Wlmpole and are ¢hargeO a commerciol rent. 91Page
Mothergoose Presc01 Unaudited Financial Statements Year Ended 31 August 2021 Accounting Policies (continued) 2.2 Expenditure and liabilities LSabilities ore iecognised where rt is more likely than not that there is alggol or constructive obligation committlng the charty to pay out resources and the omount of the obllgotion can b& measured with ieosonable certainty. Exp6nditure Is accounted for on on occruals basis and has been ¢Jossifled undar hgadlngs that aggregate all cost related to the cotegory. Whgre costs cannot be dir8ctly ottrlbuted to particular heodings, they hove been allocatod to activities on o basis consistent with the use ol resourc8S. 2.3 Tangible fixed assets Depreciot5on is provided at the followng annual rates in order to write off each osset over its estlmoted useful Ille. Furnlture and fittings IT equipment 25% on cost 33% on cost 2.4 Taxation The charity is exempt from tox on its charitoble activitie& 2.5 Fund accounting Unrestricted funds can be used in accordance with the choritoble obj8Ctives at the dlscretlon of thé trustegs. Restricled funds con only b8 used lor r8stricted purposes wthin the objectives of the charity. Restrictions arise when specified by th6 donor or when funds are raised for portiGulor purF¥JS¢. Further explanotion of th9 natur9 and purp)se of each fund is includod in the notes to the flnancial stotements 2.6 Reserves Policy Mother Goose Pre School reserves policy aims to keep designoted funds ot a level equol to one ocademlc term of expenditure. The tnjstees continue to review the level ol r8serves rèquirgd IOIPage
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2021 3 Analysis of Income 2021 2020 Total Total Funds Funos Unrestricted funds Restricted income funds 50 100 150 480 1.088 l568 Donations and Gifts Grants Total 100 150 50 604 36.390 42220 lQ,526 6,592 360 741 347 EYF 13rant Invoicod Faes Early Start club Fundroising oth9r 35,786 10.526 1.589 218 89 826 608 53 Int•r8st incom• Total Incomg 48,176 1212 49,488 51,981 4 Analysis of expenditure Unrestrictad funds Restrlcted frJnds 021 2020 Wages Direct Costs Premises Costs Su ort Costs 37,998 2105 Z603 2,592 608 38,606 34.854 108 2213 1302 1603 5,181 592 3,456 Total 45298 16,014 45,793 IIIPage
Mothergoose Prexhool Unaudited Finar)cial Statements Year Ended 31 Au8USt 2021 5 Details of items of expenditure 2021 2020 Independent Exominefs Fee 280 280 6 Paid employees 6.1 Statt costs 2021 2020 Salaries and wa es 38,606 34A71 Total stoff costs 38,806 34A71 6.2 Average headcount in the year The overoge numbèr ot employees during the year wos as follows 2021 2020 Su rtsto 7 Tangible Fixed Assets Total Offlco ond fT C08t At 01 September 2020 Additions At 31 August 2021 524 524 Deprgclatlon At 01 Soptembor 2020 Chorgo for tha yr At 31 August 2021 Net Book Voluo At 01 September 2020 At 31 August 2021
Mothergoose Presc 00 Unaudited Financial Statements Year Ended 31 August 2021 8 Debtors and prepayments 2021 3,8ll 908 4,719 2020 8,583 Trade Debtors Prepa ments Total Debtors 8,583 9 Creditors and accruals 2021 3,712 402 430 122 4.666 2020 8,554 266 280 Oeferred Income Trade Creditors Accrual8 Olher credltors Total creditors 9,100 10 Post Balance Sheet Events The setting has seen a decreose in numbers for Saptember whlch has been increasing over the term starting ot g and rising to16 for the January term. 11 Movement in funds At 01.0920 Net movem&nt in funds |At 31.08.20 Generol fund 40215 1878 43,093 General Restrlctod Tesco Z561 885 43,661 596 3,157 885 47,135 3,474
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 Au8ilSt 2021 Movement in funds (continued) Net movement in fund4 included in the above or6 as follow& Incomlng resourcgs Resourc8s expended Movement in lunds Unr8Stricted funds Restricted funds 48.176 I12 49,488 45298 716 2,878 598 3,474 46,014 12 Transactions with trustees and related parti8S 12.1 Trustees, renumeration ond benefits Th8re w8re no trustees. rernunerotion or oth8r benefits for the year ended 31 August 2021. (2020,. None). 12.2 Trustees. 8xpenses During the financial year re-lmburseable expenses of £224 was paid to trustee& (2020.. £274) 12.3 Transactions with related parties Thère has been no r8laied paty transaction in the r8POrtlng peric*y (2020.. None).
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2021 fin for 2021 202Q 150 1,568 Oonotions & Gronts 36290 10,526 l589 826 42A20 6,592 1,101 347 EYF Grant Invoiced Fees Fundraising other 53 DeRosit Account interest Total incomin rèsources 51,981 49.488 Wages, Penslon4 PAY£ Casual Staff Costs other Stoff Costs 38,309 34.4 293 l.X6 586 Direct costs Fundraislng Costs 1890 723 Z603 374 269 1.700 374 3.481 Rent Telephone and Internet Cleaning & Mointenonce &upport Costs Computer Costs Morketing ond Advertislng stationery and Postogo Insurance ond Professional Fees Accountancy Setvices stoll froining Subscriptions General Expenses De r6clation Total resources expended 1.467 13 276 228 861 323 52 234 90 70 288 46JJ14 45.793 3,474 6.188 Net income 151Page