Registered charity number: 1175289
Mothergoose Preschool Report of the trustees, and unaudited financial statements for the year ended 31 August 2019
Contents Page Report of the Trustees 2 -4 Independent Examiner’s Report 5-6 Statement of Financial Activities 7
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Balance Sheet Notes to the accounts Detailed Statement of financial Activities
8 9-14 15
Report of the Trustees For the year ended 31 August 2019 Mothergoose preschool.
The trustees present their report with the financial statements of the charity for the year ended 31 August 2019. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) `Accounting and Reporting by Charities’ effective from January 2015.
Reference and administrative details
Registered Charity number:
1175289
Wimpole Village Hall Cambridge Road Wimpole Cambridge SG8 5QE
Trustees: Elizabeth Gloria Sapsed (Treasurer) Resigned – 10 October 2019 Ian Carl Neale Hannant Daniella Ord (Chair) Elisabeth Haigh (Secretary) Victoria Alice Beatrice McKenzie Resigned – 10 October 2019 Victoria Elizabeth Doddimead Resigned – 13 June 2019 Amelia Cobon Ginsberg Resigned – 19 May 2019 Shelley Coulman (Treasurer) Appointed – 10 October 2019 Emma Smith Appointed – 10 October 2019 Helen Stuckey Appointed – 10 October 2019
Resigned – 10 October 2019 Resigned – 13 June 2019 Resigned – 19 May 2019 Appointed – 10 October 2019 Appointed – 10 October 2019 Appointed – 10 October 2019
Independent Examiner: Adrian Winter FCCA Taylor & Co The Sycamores 43 Kneesworth Street Royston, SG8 5AB
Report of the Trustees (continued)
1 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 For the year ended 31 August 2019 Mothergoose preschool.
Structure, Governance and Management
The charity is controlled by its governing document, The CIO Constitution for childcare providers 2013. The trustees are elected by the membership at the AGM.
Mothergoose Preschool is administered and managed by the trustees most of the trustees are parents and have an affiliation with the pre-school. The Preschool are actively seeking trustees with specific skills to contribute to the strategic plan being developed.
Objectives and activities
The objective of Mothergoose is to is to enhance the development and education of children and young people by ensuring that we adhere to the following:
-
promoting their care and safety;
-
promoting their education and promoting parental involvement;
-
promoting their health and wellbeing;
-
providing services to individuals holding membership of the CIO; and
-
furthering the aims of the pre-school learning alliance.
The Preschool is located in a village hall within South Cambridgeshire and has been established for over twenty years. The preschool has an excellent reputation within the local community but is currently operating for mornings only. The current trustees are looking into ways to extend the operating hours so that other families can benefit from the excellent provision that the preschool can provide.
The preschool is ofsted registered and follows the EYFS curriculum. This ensures that all children under the age of five benefit from a safe secure and happy environment where they can play and develop. The trustees actively promote these ideals and therefore look at ways to enhance the child’s time spent at the preschool.
The preschool maintains excellent relationships with the local primary school and offer additional sessions for rising fives only to ensure that they are ready for starting school, visits to the school are arranged, and children benefit greatly from our close working relationship.
Report of the Trustees (continued) For the year ended 31 August 2019 Mothergoose preschool.
In carrying out these activities the trustees confirm adherence with the Charity Commission’s guidance on public benefit activities.
The trustees are producing a strategic plan to enable them to push the preschool in a new direction, this plan will be produced with trustees, staff and parents to ensure that the children benefit from any future projects.
The preschool is in need of skilled trustees and professional support, the current trustees are actively seeking help with promotion in the area of social media and marketing.
The challenge facing the preschool year on year is to cover running costs in line with ofsted regulations whilst government funding remains relatively low. This financial year the preschool made a loss of £xxxx (2018: xxx) this was due to xxxxxx. The trustees are looking at staffing levels along with increasing the availability of the provision.
Reserves Policy
2 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Mothergoose reserves policy is in place to protect relevant stakeholders in the unlikely event that the scheme’s income reduces, and the scheme is unable to continue. The amount held in reserves is currently under review as to the level that is maintained.
Risk management
The trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
On Behalf of the Board: Daniella Ord (Chair)
Date:
Independent Examiners report to the trustees of Mothergoose Preschool
I report on the accounts for the year ended 31 August 2019 set out on pages X to X.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the XXXX
I have completed my examination. I confirm that no matter has come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
3 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Independent Examiners report to the trustees of Mothergoose Preschool (continued)
- the accounts did 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
I have no material concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date:
Statement of fnancial Activities For the year ended 31 August 2019
| 2019 2018 Unrestricte d Funds Restricted Funds Total Funds Total Funds Notes £ £ £ £ Incoming resources Incoming resources generated funds Donations 3 - 3.466 3,466 1,358 Activitiesforgeneratingfunds 3 51,926 3,596 55,522 32,653 |
|
|---|---|
| Total Incoming resources 51,926 7,062 58,988 34,011 Resources expended Costs of generating funds Fundraising trading: costs of goods sold and other costs 5 48,660 4,339 52,999 39,754 |
4 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
| Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 |
|
|---|---|
| Net incoming/(Outcoming) resources 3,266 2,723 5,989 (5,743) Reconciliation of funds Total funds brought forward 13 29,576 1,908 31,484 37,226 |
|
| FundsReceivedinyear 13 3,266 2,723 5,989 (5,743) |
|
| Total funds carried forward 32,842 4,631 37,473 31,484 |
Balance Sheet As at 31 August 2019
| 2019 2018 Unrestricte d Funds Restricte d Funds Total Funds Total Funds Note s £ £ £ £ Current Assets Trade Debtors 9 10,257 - 10,257 Cash at bank and in hand 11 33,616 4,631 38,247 41,971 |
|
|---|---|
| Total current assets 43,873 4,631 48,504 41,970 Current Liabilities Creditors amounts due within one year 10 (11,031) - (11,03 1) (10,48 7) |
|
| Total assets less current liabilities 32,842 4,631 37,473 31,484 |
|
| Net assets 32,842 4,631 37,473 31,484 |
|
| Funds Unrestricted funds 13 32,842 - 32,842 29,576 Restricted funds 13 - 4,631 4,631 1,908 |
|
| Total funds 32,842 4,631 37,473 31,484 |
5 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Notes to the fnancial statements For the year ended 31 August 2019
1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. They have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS102.
1.2 Going Concern
The trustees deem the charity to be a going concern for the next twelve months and will continue to monitor this.
2 Accounting Policies
2.1 Recognition of income
All income is included within the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Trading income is recognised at point of sale for both donated and purchased goods.
The charity has the use of a village hall in Wimpole and are charged a commercial rent.
Accounting Policies (continued)
2.2 Expenditure and liabilities
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
6 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 2.3 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and Fittings 25% on cost IT equipment 33% on cost
2.4 Taxation
The charity is exempt from tax on its charitable activities.
2.5 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
2.6 Reserves Policy
MotherGoose Pre School reserves policy aims to keep designated funds at a level equal to three months expenditure. The trustees are currently reviewing the level of reserves required.
3 Analysis of Income
| 3 Analysis of Income | |
|---|---|
| 2019 2018 Unrestricted funds Restricted income funds Total Funds Total Funds £ £ £ £ Donations and legacies Donations and Gifts - 466 466 358 Grants - 3,000 3,000 1,000 |
|
| Total - 3,466 3,466 1,358 Other trading activities EYF Grant 42,212 303 42,51 5 24,051 Invoiced Fees 9,687 - 9,687 6,329 Early Start club - 1,113 1,113 140 Fundraising - 1,803 1,803 1,814 Other - 377 377 319 Investment income Interest income 27 - 27 - |
|
| Total Income 51,926 7,062 58,98 8 34,011 |
7 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
4 Analysis of expenditure
| Unrestricted funds Restricted funds 2019 2018 Expenditure on raising funds £ £ £ £ Wages 40,191 - 40,19 1 27,031 Direct Costs 1,520 3,186 4,706 5,467 Premises Costs 3,783 - 3,783 3,545 Support Costs 3,166 1,153 4,319 3,711 |
|
|---|---|
| Total 48,660 4,339 52,99 9 39,754 |
5 Details of items of expenditure
| 5 Details of items of expenditure | ||
|---|---|---|
| 2019 | 2018 | |
| Fees for the examination of the accounts | £ | £ |
| Independent Examiner’s Fee | 180 | 180 |
6 Paid employees
6.1 Staff costs
| 6.1 Staf costs | ||
|---|---|---|
| 2019 | 2018 | |
| £ | £ | |
| Salaries and wages | 40,191 | 27,031 |
| Total staf costs | 40,191 | 27,031 |
6.2 Average headcount in the year
The average number of employees during the year was as follows
| The average number of employees during the year was as follows | ||
|---|---|---|
| 2019 | 2018 | |
| Support staf | 4 | 4 |
| 7 Debtors and prepayments | ||
| 2019 | 2018 | |
| Trade Debtors | 10,257 | - |
| Total Debtors | 10,257 | - |
| 8 Creditors and accruals | ||
| 2019 | 2018 | |
| Deferred Income | 10,529 | 10,306 |
| Trade Creditors | 320 | - |
| Accruals | 180 | 180 |
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Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Total creditors
11,029
10,486
9 Cash at bank and in hand
| 2019 | 2018 | |
|---|---|---|
| Cash at bank and in hand restricted | 4,631 | 1,908 |
| Cashatbankandin hand unrestricted | 33,616 | 39,992 |
| Total cash at bank and in hand | 38,247 | 41,900 |
10Post balance sheet events
The trustees are aware of the risk attributed to the COVID19 outbreak and are following government advice and will continue to do so. We are looking at the mitigations should there be a necessary closure of the preschool.
11Movement in funds
| At 01.09.18 Net movement in funds At 31.08.19 £ £ £ Unrestricted funds General fund 29,576 3,266 32,842 Restricted funds General Restricted 1,072 559 1,631 Shed 836 (836) - Tesco - 3,000 3,000 |
|
|---|---|
| 31,484 5,989 37,473 |
Movement in funds
| Movement in funds | Movement in funds | ||
|---|---|---|---|
| Net movement in funds, included in the above | are as follows: | ||
| Incoming resources | Resources | Movement in funds | |
| expended | |||
| £ | £ | £ | |
| Unrestricted funds | 29,576 | 3,266 | 32,842 |
| Restricted funds | 1,908 | 2,723 | 4,631 |
| 31,484 | 5,989 | 37,473 |
12Transactions with trustees and related parties
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Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 12.1 Trustees’ renumeration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2019. (2018: None).
12.2 Trustees' expenses
During the financial year re-imburseable expenses of £1,671 was paid to trustees. (2018: None).
12.3 Transactions with related parties
There has been no related party transaction in the reporting period (2018: None).
Detailed statement of fnancial activities for the year ended 31 August 2019
| 2019 2018 Incoming resources £ £ Voluntary income Donations 466 358 Grants 3,000 1,000 Activities for generating fnds EYF Grant 42,515 24,051 Invoiced Fees 9,687 6,329 Early Start Club 1,113 140 Fundraising 1,803 1,814 Other 377 319 Investment Income Deposit Account interest 27 - |
|
|---|---|
| Total incomingresources 58,988 34,011 |
|
| Resources expended Wages |
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| Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Wages, Pensions, PAYE Casual Staf Costs Direct Costs Toys and Resources Furniture and Equipment Art and craft materials Outings and Entertainment Dancing Milk and Snack Health and hygiene Equipment End of Term Gifts Premises Costs Rent Telephone and Internet Cleaning Maintenance |
36,129 27,031 4,062 - 645 717 2,411 2,573 218 289 397 634 396 306 458 657 181 221 - 70 2,650 1,622 472 158 135 154 526 1,611 |
|---|---|
Detailed statement of fnancial activities for the year ended 31 August 2019 (Continued)
| Detailed statement of fnancial activities for the year ended 31 August 2019 (Continued) |
|
|---|---|
| Support Costs Website Hosting 8 120 Computer Costs 483 - Fundraising Expenses 657 941 Marketing and Advertising 25 - Stationery and Postage 616 390 Insurance and Professional Fees 1,759 1,365 Bank Charges 34 - Accountancy Services 185 180 Staf Training 500 397 Staf Costs 52 318 |
|
| Total resources expended 52,999 39,754 |
|
| Net income 5,989 (5,743) |
11 | P a g e
Mother Goose Pre School
Profit and Loss Report
01 June, 2023 - 30 June, 2023
| Analysis Type: All, Analysis Category: All | |
|---|---|
| Sales |
|
| 4000 - Donations and Grants 100.00 |
|
| 4010 - EYF Grant 7,643.26 |
|
| 4030 - Private Fees 1,418.00 |
|
| Total Sales | £9,161.26 |
| Direct Expenses | |
| Total Direct Expenses | £0.00 |
| GROSS PROFIT / LOSS | £9,161.26 |
| Overheads | |
| 7097 - Staff Costs 1,107.68 |
|
| 7500 - Printing 16.49 |
|
| 7900 - Bank Charges and Interest - Card/ DD Processing Fees 19.96 |
|
| Total Overheads | £1,144.13 |
| NET PROFIT / LOSS | £8,017.13 |
30 Jun 2023 16:46
Page 1 of 1
Registered charity number: 1175289
Mothergoose Preschool Report of the trustees, and unaudited financial statements for the year ended 31 August 2019
Contents Page Report of the Trustees 2 -4 Independent Examiner’s Report 5-6 Statement of Financial Activities 7
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Balance Sheet Notes to the accounts Detailed Statement of financial Activities
8 9-14 15
Report of the Trustees For the year ended 31 August 2019 Mothergoose preschool.
The trustees present their report with the financial statements of the charity for the year ended 31 August 2019. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) `Accounting and Reporting by Charities’ effective from January 2015.
Reference and administrative details
Registered Charity number:
1175289
Wimpole Village Hall Cambridge Road Wimpole Cambridge SG8 5QE
Trustees: Elizabeth Gloria Sapsed (Treasurer) Resigned – 10 October 2019 Ian Carl Neale Hannant Daniella Ord (Chair) Elisabeth Haigh (Secretary) Victoria Alice Beatrice McKenzie Resigned – 10 October 2019 Victoria Elizabeth Doddimead Resigned – 13 June 2019 Amelia Cobon Ginsberg Resigned – 19 May 2019 Shelley Coulman (Treasurer) Appointed – 10 October 2019 Emma Smith Appointed – 10 October 2019 Helen Stuckey Appointed – 10 October 2019
Resigned – 10 October 2019 Resigned – 13 June 2019 Resigned – 19 May 2019 Appointed – 10 October 2019 Appointed – 10 October 2019 Appointed – 10 October 2019
Independent Examiner: Adrian Winter FCCA Taylor & Co The Sycamores 43 Kneesworth Street Royston, SG8 5AB
Report of the Trustees (continued)
1 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 For the year ended 31 August 2019 Mothergoose preschool.
Structure, Governance and Management
The charity is controlled by its governing document, The CIO Constitution for childcare providers 2013. The trustees are elected by the membership at the AGM.
Mothergoose Preschool is administered and managed by the trustees most of the trustees are parents and have an affiliation with the pre-school. The Preschool are actively seeking trustees with specific skills to contribute to the strategic plan being developed.
Objectives and activities
The objective of Mothergoose is to is to enhance the development and education of children and young people by ensuring that we adhere to the following:
-
promoting their care and safety;
-
promoting their education and promoting parental involvement;
-
promoting their health and wellbeing;
-
providing services to individuals holding membership of the CIO; and
-
furthering the aims of the pre-school learning alliance.
The Preschool is located in a village hall within South Cambridgeshire and has been established for over twenty years. The preschool has an excellent reputation within the local community but is currently operating for mornings only. The current trustees are looking into ways to extend the operating hours so that other families can benefit from the excellent provision that the preschool can provide.
The preschool is ofsted registered and follows the EYFS curriculum. This ensures that all children under the age of five benefit from a safe secure and happy environment where they can play and develop. The trustees actively promote these ideals and therefore look at ways to enhance the child’s time spent at the preschool.
The preschool maintains excellent relationships with the local primary school and offer additional sessions for rising fives only to ensure that they are ready for starting school, visits to the school are arranged, and children benefit greatly from our close working relationship.
Report of the Trustees (continued) For the year ended 31 August 2019 Mothergoose preschool.
In carrying out these activities the trustees confirm adherence with the Charity Commission’s guidance on public benefit activities.
The trustees are producing a strategic plan to enable them to push the preschool in a new direction, this plan will be produced with trustees, staff and parents to ensure that the children benefit from any future projects.
The preschool is in need of skilled trustees and professional support, the current trustees are actively seeking help with promotion in the area of social media and marketing.
The challenge facing the preschool year on year is to cover running costs in line with ofsted regulations whilst government funding remains relatively low. This financial year the preschool made a loss of £xxxx (2018: xxx) this was due to xxxxxx. The trustees are looking at staffing levels along with increasing the availability of the provision.
Reserves Policy
2 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Mothergoose reserves policy is in place to protect relevant stakeholders in the unlikely event that the scheme’s income reduces, and the scheme is unable to continue. The amount held in reserves is currently under review as to the level that is maintained.
Risk management
The trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
On Behalf of the Board: Daniella Ord (Chair)
Date:
Independent Examiners report to the trustees of Mothergoose Preschool
I report on the accounts for the year ended 31 August 2019 set out on pages X to X.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the XXXX
I have completed my examination. I confirm that no matter has come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
3 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Independent Examiners report to the trustees of Mothergoose Preschool (continued)
- the accounts did 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
I have no material concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date:
Statement of fnancial Activities For the year ended 31 August 2019
| 2019 2018 Unrestricte d Funds Restricted Funds Total Funds Total Funds Notes £ £ £ £ Incoming resources Incoming resources generated funds Donations 3 - 3.466 3,466 1,358 Activitiesforgeneratingfunds 3 51,926 3,596 55,522 32,653 |
|
|---|---|
| Total Incoming resources 51,926 7,062 58,988 34,011 Resources expended Costs of generating funds Fundraising trading: costs of goods sold and other costs 5 48,660 4,339 52,999 39,754 |
4 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
| Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 |
|
|---|---|
| Net incoming/(Outcoming) resources 3,266 2,723 5,989 (5,743) Reconciliation of funds Total funds brought forward 13 29,576 1,908 31,484 37,226 |
|
| FundsReceivedinyear 13 3,266 2,723 5,989 (5,743) |
|
| Total funds carried forward 32,842 4,631 37,473 31,484 |
Balance Sheet As at 31 August 2019
| 2019 2018 Unrestricte d Funds Restricte d Funds Total Funds Total Funds Note s £ £ £ £ Current Assets Trade Debtors 9 10,257 - 10,257 Cash at bank and in hand 11 33,616 4,631 38,247 41,971 |
|
|---|---|
| Total current assets 43,873 4,631 48,504 41,970 Current Liabilities Creditors amounts due within one year 10 (11,031) - (11,03 1) (10,48 7) |
|
| Total assets less current liabilities 32,842 4,631 37,473 31,484 |
|
| Net assets 32,842 4,631 37,473 31,484 |
|
| Funds Unrestricted funds 13 32,842 - 32,842 29,576 Restricted funds 13 - 4,631 4,631 1,908 |
|
| Total funds 32,842 4,631 37,473 31,484 |
5 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
Notes to the fnancial statements For the year ended 31 August 2019
1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. They have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS102.
1.2 Going Concern
The trustees deem the charity to be a going concern for the next twelve months and will continue to monitor this.
2 Accounting Policies
2.1 Recognition of income
All income is included within the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Trading income is recognised at point of sale for both donated and purchased goods.
The charity has the use of a village hall in Wimpole and are charged a commercial rent.
Accounting Policies (continued)
2.2 Expenditure and liabilities
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
6 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 2.3 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and Fittings 25% on cost IT equipment 33% on cost
2.4 Taxation
The charity is exempt from tax on its charitable activities.
2.5 Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
2.6 Reserves Policy
MotherGoose Pre School reserves policy aims to keep designated funds at a level equal to three months expenditure. The trustees are currently reviewing the level of reserves required.
3 Analysis of Income
| 3 Analysis of Income | |
|---|---|
| 2019 2018 Unrestricted funds Restricted income funds Total Funds Total Funds £ £ £ £ Donations and legacies Donations and Gifts - 466 466 358 Grants - 3,000 3,000 1,000 |
|
| Total - 3,466 3,466 1,358 Other trading activities EYF Grant 42,212 303 42,51 5 24,051 Invoiced Fees 9,687 - 9,687 6,329 Early Start club - 1,113 1,113 140 Fundraising - 1,803 1,803 1,814 Other - 377 377 319 Investment income Interest income 27 - 27 - |
|
| Total Income 51,926 7,062 58,98 8 34,011 |
7 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019
4 Analysis of expenditure
| Unrestricted funds Restricted funds 2019 2018 Expenditure on raising funds £ £ £ £ Wages 40,191 - 40,19 1 27,031 Direct Costs 1,520 3,186 4,706 5,467 Premises Costs 3,783 - 3,783 3,545 Support Costs 3,166 1,153 4,319 3,711 |
|
|---|---|
| Total 48,660 4,339 52,99 9 39,754 |
5 Details of items of expenditure
| 5 Details of items of expenditure | ||
|---|---|---|
| 2019 | 2018 | |
| Fees for the examination of the accounts | £ | £ |
| Independent Examiner’s Fee | 180 | 180 |
6 Paid employees
6.1 Staff costs
| 6.1 Staf costs | ||
|---|---|---|
| 2019 | 2018 | |
| £ | £ | |
| Salaries and wages | 40,191 | 27,031 |
| Total staf costs | 40,191 | 27,031 |
6.2 Average headcount in the year
The average number of employees during the year was as follows
| The average number of employees during the year was as follows | ||
|---|---|---|
| 2019 | 2018 | |
| Support staf | 4 | 4 |
| 7 Debtors and prepayments | ||
| 2019 | 2018 | |
| Trade Debtors | 10,257 | - |
| Total Debtors | 10,257 | - |
| 8 Creditors and accruals | ||
| 2019 | 2018 | |
| Deferred Income | 10,529 | 10,306 |
| Trade Creditors | 320 | - |
| Accruals | 180 | 180 |
8 | P a g e
Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Total creditors
11,029
10,486
9 Cash at bank and in hand
| 2019 | 2018 | |
|---|---|---|
| Cash at bank and in hand restricted | 4,631 | 1,908 |
| Cashatbankandin hand unrestricted | 33,616 | 39,992 |
| Total cash at bank and in hand | 38,247 | 41,900 |
10Post balance sheet events
The trustees are aware of the risk attributed to the COVID19 outbreak and are following government advice and will continue to do so. We are looking at the mitigations should there be a necessary closure of the preschool.
11Movement in funds
| At 01.09.18 Net movement in funds At 31.08.19 £ £ £ Unrestricted funds General fund 29,576 3,266 32,842 Restricted funds General Restricted 1,072 559 1,631 Shed 836 (836) - Tesco - 3,000 3,000 |
|
|---|---|
| 31,484 5,989 37,473 |
Movement in funds
| Movement in funds | Movement in funds | ||
|---|---|---|---|
| Net movement in funds, included in the above | are as follows: | ||
| Incoming resources | Resources | Movement in funds | |
| expended | |||
| £ | £ | £ | |
| Unrestricted funds | 29,576 | 3,266 | 32,842 |
| Restricted funds | 1,908 | 2,723 | 4,631 |
| 31,484 | 5,989 | 37,473 |
12Transactions with trustees and related parties
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Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 12.1 Trustees’ renumeration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2019. (2018: None).
12.2 Trustees' expenses
During the financial year re-imburseable expenses of £1,671 was paid to trustees. (2018: None).
12.3 Transactions with related parties
There has been no related party transaction in the reporting period (2018: None).
Detailed statement of fnancial activities for the year ended 31 August 2019
| 2019 2018 Incoming resources £ £ Voluntary income Donations 466 358 Grants 3,000 1,000 Activities for generating fnds EYF Grant 42,515 24,051 Invoiced Fees 9,687 6,329 Early Start Club 1,113 140 Fundraising 1,803 1,814 Other 377 319 Investment Income Deposit Account interest 27 - |
|
|---|---|
| Total incomingresources 58,988 34,011 |
|
| Resources expended Wages |
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| Mothergoose Preschool Unaudited Financial Statements Year Ended 31 August 2019 Wages, Pensions, PAYE Casual Staf Costs Direct Costs Toys and Resources Furniture and Equipment Art and craft materials Outings and Entertainment Dancing Milk and Snack Health and hygiene Equipment End of Term Gifts Premises Costs Rent Telephone and Internet Cleaning Maintenance |
36,129 27,031 4,062 - 645 717 2,411 2,573 218 289 397 634 396 306 458 657 181 221 - 70 2,650 1,622 472 158 135 154 526 1,611 |
|---|---|
Detailed statement of fnancial activities for the year ended 31 August 2019 (Continued)
| Detailed statement of fnancial activities for the year ended 31 August 2019 (Continued) |
|
|---|---|
| Support Costs Website Hosting 8 120 Computer Costs 483 - Fundraising Expenses 657 941 Marketing and Advertising 25 - Stationery and Postage 616 390 Insurance and Professional Fees 1,759 1,365 Bank Charges 34 - Accountancy Services 185 180 Staf Training 500 397 Staf Costs 52 318 |
|
| Total resources expended 52,999 39,754 |
|
| Net income 5,989 (5,743) |
11 | P a g e