Asion Village Hall New Park Lane Stevenage Hertfordshire SG2 7ED Regd tharfty No 1176057 R8d Charlty No 1176057 Trustees, Annual Report For the period I September 2020 to 31 August 2021 Sectlon A: Relerefft and Admlni5tr•tion Detalls Chari Re istered Char Address name on preh0O1 1176057 Aston Vile Hall New Park Lane Stevena8e Hertfordshire SG2 7ED ao Number Names of the tharity trusttss who manage the charity Sarah Hole, General Member Cham)alne Vassle. Human Resources Jemma Douglass, Finance Hannah Lon& General Member Nikki Wilby, Nominated Person Danielle Swain. Secreta Sectlon B: Structure, Go¥emance and Managenrt overnin document How the char is constituted Trustee selertion methods Constitution Preschool inted Committee
Aston Preschool is a charty funded preschool. It's aim5 and objectNes are to provide opportunities to develop and enhance the education of children of 2 and a half to 5 years ohl, following the legal statutory guidance of the Early Years Foundation Stage. It is based in the heart of the community of the village of Aston with strong links with the community, local feeder xhool s} and outside encies. Section D: Summary of the main a¢llth Wbthrtaken for the pubH¢ benefit In rektkm to these objectives Aston Preschool offers appropriate play, education and care faalities, working in partnership with parent5, the community, outside agencie5 and the local feeder schoollsl in ensuring that all opportunities are offered to children whatever their race. culture, religion or means of ability. The curriculum offered covers and supports the Eath Years Foundation Stage. The charty runs 9 sessions per week in term time. The experienced stsff are, committed and dedicated to offering quality'leaming throu8h pla. ensuring that throu8h careful obseNations and assessments, all children have access and support to athieve their full potential. Parents are involved in raising funds to provide agelstage and special needs appropriate equipment. resources and experien$. Staff are committed to attending ongoing relevant training courses to ensure that all children and thelr parents receive quality earty years, experience and care. We keep in mind the Charity Commissionin Guidance on blic benefft. The charity continued to operate effectively throughout this year benefftting preschool aged children. We were unable to host our annual sports day or graduation ceremony due to COWD restrirtions. S•cilon F: Flnandal Re The chèritys policy on reserves isto cover staff redundaw payments and any reductions in the number of chiklren attendin the reschool. Detsils of any funds materially in defKit. The Receipts and Expenditure account made a profft of £13.192 due to an inuea5e in the number of children èttendi the sclKM)I. The management consists entirely of volunteers except for the preschool manager who attends all meetings. They contribute by being responsible for the running of this charty and its financial management, staff recruiimeiiL establishing and reviewin8 policies1predufes and other suth res nsibilitie5. The cha does not make rants or investments.
Full Name Position nan Financial
Charity registration number: 1176057
ACCOUNTING PERIOD DATA REFRESH REQUIRED Select the Refresh button on the Summary or Disclosure tab
Aston Pre-School (CIO)
Annual Report and Financial Statements for the Year Ended 31 August 2021
Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW
Aston Pre-School (CIO)
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Statement of Trustees' Responsibilities | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
Aston Pre-School (CIO)
Reference and Administrative Details
Trustees Sarah Hole, General Member Lisa Arquati Haghes, Fundraiser Charmaine Vassie, Human Resources Jemma Douglass, Finance Hannah Long, General Member Nikki Wilby, Nominated Person Danielle Swain, Secretary Other Officers Melanie Wickens, Pre-School Manager Charity Registration Number 1176057 Independent Examiner Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW Accountants Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW
Page 1
Aston Pre-School (CIO)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 1 June 2022 and signed on its behalf by:
......................................... Jemma Douglass Trustee
Page 2
Aston Pre-School (CIO)
Independent Examiner's Report to the trustees of Aston Pre-School (CIO)
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2021 which are set out on pages 4 to 11.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Aston Pre-School (CIO) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Aston Pre-School (CIO)'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Aston Pre-School (CIO) as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting 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 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.
T A Stocker
...................................... Tom Stocker
3 Dimsdale Walk Plaistow London E13 0LW
1 June 2022
Page 3
Aston Pre-School (CIO)
Statement of Financial Activities for the Year Ended 31 August 2021
| Note Income and Endowments from: Donations and legacies Charitable activities Total Income Expenditure on: Charitable activities Other expenditure 5 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Restricted £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 146,975 160,167 |
Total 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 146,975 160,167 |
Total 2020 £ 67,789 8,473 |
|---|---|---|---|
| 76,262 | |||
| (15,439) (68,690) |
|||
| (84,129) | |||
| (7,867) 153,967 |
|||
| 146,100 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 12.
The notes on pages 6 to 11 form an integral part of these financial statements. Page 4
Aston Pre-School (CIO)
(Registration number: 1176057) Balance Sheet as at 31 August 2021
| Note Current assets Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net assets Funds of the charity: Restricted income funds Restricted funds Total funds 12 |
2021 £ 161,217 (1,050) 160,167 160,167 160,167 |
2020 £ 146,975 (875) |
|---|---|---|
| 146,100 | ||
| 146,100 | ||
| 146,100 |
The financial statements on pages 4 to 11 were approved by the trustees, and authorised for issue on 1 June 2022 and signed on their behalf by:
......................................... Jemma Douglass Trustee
The notes on pages 6 to 11 form an integral part of these financial statements. Page 5
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Aston Pre-School (CIO) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Donated services and facilities
Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be realiably measured, then at the cost to the donor or the resale value of goods that are to be sold.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Page 6
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 7
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
2 Income from donations and legacies
| Grants, including capital grants; Government grants Regular giving and capital donations Donated services and facilities Other income from donations and legacies Total for 2021 Total for 2020 |
Restricted funds £ 79,882 85 305 85 80,357 67,789 |
Total funds £ 79,882 85 305 85 |
|---|---|---|
| 80,357 | ||
| 67,789 |
3 Income from charitable activities
4 Expenditure on charitable activities
| 4 Expenditure on charitable activities |
||
|---|---|---|
| Note Governance costs Total for 2021 Total for 2020 5 Other expenditure Note Allocated support costs Total for 2021 Total for 2020 |
Restricted funds £ 12,376 1,050 13,426 15,439 Restricted funds £ 70,174 70,174 68,690 |
Total funds £ 12,376 1,050 |
| 13,426 | ||
| 15,439 | ||
| Total expenditure £ Total funds £ 70,174 |
||
| 70,174 | ||
| 68,690 |
Page 8
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
6 Analysis of governance and support costs
Governance costs
| Audit fees Audit of the financial statements Total for 2021 Total for 2020 |
Restricted funds £ 1,050 1,050 875 |
Total funds £ 1,050 |
|---|---|---|
| 1,050 | ||
| 875 |
7 Trustees remuneration and expenses
Trustees were reinbursed from the charity during the year.
8 Auditors' remuneration
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Cash and cash equivalents
| Cash on hand Cash at bank 11 Creditors: amounts falling due within one year Accruals |
2021 £ 200 161,017 161,217 2021 £ 1,050 |
2020 £ 200 146,775 |
|---|---|---|
| 146,975 | ||
| 2020 £ 875 |
Page 9
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
12 Funds
| 12 Funds | ||||
|---|---|---|---|---|
| Restricted Restricted |
Balance at 1 September 2020 £ 146,975 Balance at 1 September 2019 £ 153,967 |
Incoming resources £ 96,792 Incoming resources £ 76,262 |
Resources expended £ (83,600) Resources expended £ (84,129) |
Balance at 31 August 2021 £ 160,167 |
| Balance at 31 August 2020 £ 146,100 |
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Restricted funds £ 161,217 (1,050) 160,167 Restricted funds £ 146,975 (875) 146,100 |
Total funds at 31 August 2021 £ 161,217 (1,050) |
| 160,167 | ||
| Total funds at 31 August 2020 £ 146,975 (875) |
||
| 146,100 |
Page 10
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
| 14 Analysis of net funds At 1 September 2020 £ Cash at bank and in hand 146,975 Net amount 146,975 Cash at bank and in hand Net debt |
14 Analysis of net funds At 1 September 2020 £ Cash at bank and in hand 146,975 Net amount 146,975 Cash at bank and in hand Net debt |
Cash flow £ - - At 1 September 2019 £ 153,967 153,967 |
At 31 August 2021 £ 146,975 |
|
|---|---|---|---|---|
| 146,975 | 146,975 | |||
| At 31 August 2020 £ 153,967 153,967 |
||||
Page 11
Aston Pre-School (CIO)
Statement of Financial Activities by fund for the Year Ended 31 August 2021
| Income and Endowments from: Donations and legacies Charitable activities Total income Expenditure on: Charitable activities Other expenditure Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 13,192 146,975 160,167 |
Total Restricted Funds 2020 £ 67,789 8,473 |
|---|---|---|
| 76,262 | ||
| (15,439) (68,690) |
||
| (84,129) | ||
| (7,867) | ||
| (7,867) 153,967 |
||
| 146,100 |
This page does not form part of the statutory financial statements. Page 12
Aston Pre-School (CIO)
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 13,192 146,975 160,167 |
Total 2020 £ 67,789 8,473 |
|---|---|---|
| 76,262 | ||
| (15,439) (68,690) |
||
| (84,129) | ||
| (7,867) | ||
| (7,867) 153,967 |
||
| 146,100 |
This page does not form part of the statutory financial statements. Page 13
Aston Pre-School (CIO)
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Donations and legacies Funding Appeals and donations Fundraising Events Bank interest receivable Uniform Staff training Charitable activities Fees Charitable activities Hall Hire Refreshments Administration Non Consumable supplies Consumable supplies Uniform costs Fundraising/Outings/Parties Accountancy fees Other expenditure Wages and salaries College Courses Insurance/ Licenses Telephone and fax Miscellaneous expenses |
Total 2021 £ 79,882 - 85 85 305 - 80,357 16,435 16,435 (7,147) (220) (2,737) (710) (672) (890) - (1,050) (13,426) (66,594) (805) (909) (327) (1,539) (70,174) |
Total 2020 £ 66,583 188 266 638 112 2 |
|---|---|---|
| 67,789 | ||
| 8,473 | ||
| 8,473 | ||
| (7,262) (716) (4,275) (868) (634) (756) (53) (875) |
||
| (15,439) | ||
| (66,443) (438) (891) (318) (600) |
||
| (68,690) |
This page does not form part of the statutory financial statements. Page 14
Charity registration number: 1176057
ACCOUNTING PERIOD DATA REFRESH REQUIRED Select the Refresh button on the Summary or Disclosure tab
Aston Pre-School (CIO)
Annual Report and Financial Statements for the Year Ended 31 August 2021
Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW
Aston Pre-School (CIO)
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Statement of Trustees' Responsibilities | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
Aston Pre-School (CIO)
Reference and Administrative Details
Trustees Sarah Hole, General Member Lisa Arquati Haghes, Fundraiser Charmaine Vassie, Human Resources Jemma Douglass, Finance Hannah Long, General Member Nikki Wilby, Nominated Person Danielle Swain, Secretary Other Officers Melanie Wickens, Pre-School Manager Charity Registration Number 1176057 Independent Examiner Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW Accountants Stocker Accounting 3 Dimsdale Walk Plaistow London E13 0LW
Page 1
Aston Pre-School (CIO)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 1 June 2022 and signed on its behalf by:
......................................... Jemma Douglass Trustee
Page 2
Aston Pre-School (CIO)
Independent Examiner's Report to the trustees of Aston Pre-School (CIO)
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2021 which are set out on pages 4 to 11.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Aston Pre-School (CIO) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Aston Pre-School (CIO)'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Aston Pre-School (CIO) as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting 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 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.
T A Stocker
...................................... Tom Stocker
3 Dimsdale Walk Plaistow London E13 0LW
1 June 2022
Page 3
Aston Pre-School (CIO)
Statement of Financial Activities for the Year Ended 31 August 2021
| Note Income and Endowments from: Donations and legacies Charitable activities Total Income Expenditure on: Charitable activities Other expenditure 5 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Restricted £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 146,975 160,167 |
Total 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 146,975 160,167 |
Total 2020 £ 67,789 8,473 |
|---|---|---|---|
| 76,262 | |||
| (15,439) (68,690) |
|||
| (84,129) | |||
| (7,867) 153,967 |
|||
| 146,100 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 12.
The notes on pages 6 to 11 form an integral part of these financial statements. Page 4
Aston Pre-School (CIO)
(Registration number: 1176057) Balance Sheet as at 31 August 2021
| Note Current assets Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net assets Funds of the charity: Restricted income funds Restricted funds Total funds 12 |
2021 £ 161,217 (1,050) 160,167 160,167 160,167 |
2020 £ 146,975 (875) |
|---|---|---|
| 146,100 | ||
| 146,100 | ||
| 146,100 |
The financial statements on pages 4 to 11 were approved by the trustees, and authorised for issue on 1 June 2022 and signed on their behalf by:
......................................... Jemma Douglass Trustee
The notes on pages 6 to 11 form an integral part of these financial statements. Page 5
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Aston Pre-School (CIO) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Donated services and facilities
Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be realiably measured, then at the cost to the donor or the resale value of goods that are to be sold.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Page 6
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 7
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
2 Income from donations and legacies
| Grants, including capital grants; Government grants Regular giving and capital donations Donated services and facilities Other income from donations and legacies Total for 2021 Total for 2020 |
Restricted funds £ 79,882 85 305 85 80,357 67,789 |
Total funds £ 79,882 85 305 85 |
|---|---|---|
| 80,357 | ||
| 67,789 |
3 Income from charitable activities
4 Expenditure on charitable activities
| 4 Expenditure on charitable activities |
||
|---|---|---|
| Note Governance costs Total for 2021 Total for 2020 5 Other expenditure Note Allocated support costs Total for 2021 Total for 2020 |
Restricted funds £ 12,376 1,050 13,426 15,439 Restricted funds £ 70,174 70,174 68,690 |
Total funds £ 12,376 1,050 |
| 13,426 | ||
| 15,439 | ||
| Total expenditure £ Total funds £ 70,174 |
||
| 70,174 | ||
| 68,690 |
Page 8
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
6 Analysis of governance and support costs
Governance costs
| Audit fees Audit of the financial statements Total for 2021 Total for 2020 |
Restricted funds £ 1,050 1,050 875 |
Total funds £ 1,050 |
|---|---|---|
| 1,050 | ||
| 875 |
7 Trustees remuneration and expenses
Trustees were reinbursed from the charity during the year.
8 Auditors' remuneration
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Cash and cash equivalents
| Cash on hand Cash at bank 11 Creditors: amounts falling due within one year Accruals |
2021 £ 200 161,017 161,217 2021 £ 1,050 |
2020 £ 200 146,775 |
|---|---|---|
| 146,975 | ||
| 2020 £ 875 |
Page 9
Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
12 Funds
| 12 Funds | ||||
|---|---|---|---|---|
| Restricted Restricted |
Balance at 1 September 2020 £ 146,975 Balance at 1 September 2019 £ 153,967 |
Incoming resources £ 96,792 Incoming resources £ 76,262 |
Resources expended £ (83,600) Resources expended £ (84,129) |
Balance at 31 August 2021 £ 160,167 |
| Balance at 31 August 2020 £ 146,100 |
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Restricted funds £ 161,217 (1,050) 160,167 Restricted funds £ 146,975 (875) 146,100 |
Total funds at 31 August 2021 £ 161,217 (1,050) |
| 160,167 | ||
| Total funds at 31 August 2020 £ 146,975 (875) |
||
| 146,100 |
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Aston Pre-School (CIO)
Notes to the Financial Statements for the Year Ended 31 August 2021
| 14 Analysis of net funds At 1 September 2020 £ Cash at bank and in hand 146,975 Net amount 146,975 Cash at bank and in hand Net debt |
14 Analysis of net funds At 1 September 2020 £ Cash at bank and in hand 146,975 Net amount 146,975 Cash at bank and in hand Net debt |
Cash flow £ - - At 1 September 2019 £ 153,967 153,967 |
At 31 August 2021 £ 146,975 |
|
|---|---|---|---|---|
| 146,975 | 146,975 | |||
| At 31 August 2020 £ 153,967 153,967 |
||||
Page 11
Aston Pre-School (CIO)
Statement of Financial Activities by fund for the Year Ended 31 August 2021
| Income and Endowments from: Donations and legacies Charitable activities Total income Expenditure on: Charitable activities Other expenditure Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Restricted Funds 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 13,192 146,975 160,167 |
Total Restricted Funds 2020 £ 67,789 8,473 |
|---|---|---|
| 76,262 | ||
| (15,439) (68,690) |
||
| (84,129) | ||
| (7,867) | ||
| (7,867) 153,967 |
||
| 146,100 |
This page does not form part of the statutory financial statements. Page 12
Aston Pre-School (CIO)
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Total income Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2021 £ 80,357 16,435 96,792 (13,426) (70,174) (83,600) 13,192 13,192 146,975 160,167 |
Total 2020 £ 67,789 8,473 |
|---|---|---|
| 76,262 | ||
| (15,439) (68,690) |
||
| (84,129) | ||
| (7,867) | ||
| (7,867) 153,967 |
||
| 146,100 |
This page does not form part of the statutory financial statements. Page 13
Aston Pre-School (CIO)
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Donations and legacies Funding Appeals and donations Fundraising Events Bank interest receivable Uniform Staff training Charitable activities Fees Charitable activities Hall Hire Refreshments Administration Non Consumable supplies Consumable supplies Uniform costs Fundraising/Outings/Parties Accountancy fees Other expenditure Wages and salaries College Courses Insurance/ Licenses Telephone and fax Miscellaneous expenses |
Total 2021 £ 79,882 - 85 85 305 - 80,357 16,435 16,435 (7,147) (220) (2,737) (710) (672) (890) - (1,050) (13,426) (66,594) (805) (909) (327) (1,539) (70,174) |
Total 2020 £ 66,583 188 266 638 112 2 |
|---|---|---|
| 67,789 | ||
| 8,473 | ||
| 8,473 | ||
| (7,262) (716) (4,275) (868) (634) (756) (53) (875) |
||
| (15,439) | ||
| (66,443) (438) (891) (318) (600) |
||
| (68,690) |
This page does not form part of the statutory financial statements. Page 14