## **Aston Pre-school**
Aston Village Hall New Park Lane Stevenage Hertfordshire SG2 7ED **Regd Charity No 1176057**
## Trustees’
## Annual Report
For the period 1 September 2021 to 31 August 2022
## **Section A: Reference and Administration Details**
Charity name Aston Preschool (CIO) Registered Charity Number 1176057 Address Aston Village Hall New Park Lane Stevenage Hertfordshire SG2 7ED
## **Names of the charity trustees who manage the charity**
Charmaine Vassie, Human Resources Jemma Douglass, Finance Nikki Wilby, Nominated Person Danielle Swain, Secretary Rebecca Dilley, Nominated Person
## **Section B: Structure, Governance and Management**
Type of governing Constitution document How the charity is Preschool constituted Trustee selection methods Appointed by Committee
## **Section C: Objectives and activities**
Aston Preschool is a charity funded preschool. It’s aims and objectives are to provide opportunities to develop and enhance the education of children of 2 and a half to 5 years old, 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 school(s) and outside agencies.
## **Section D: Summary of the main activities undertaken for the public benefit in relation to these objectives**
Aston Preschool offers appropriate play, education and care facilities, working in partnership with parents, the community, outside agencies and the local feeder school(s) 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 Early Years Foundation Stage. The charity runs 9 sessions per week in term time. The experienced staff are, committed and dedicated to offering quality ‘learning through play’, ensuring that through careful observations and assessments, all children have access and support to achieve their full potential. Parents are involved in raising funds to provide age/stage and special needs appropriate equipment, resources and experiences. Staff are committed to attending ongoing relevant training courses to ensure that all children and their parents receive quality early years’ experience and care. We keep in mind the Charity Commissioning Guidance on public benefit.
## **Section E: Achievements and Performance**
The charity continued to operate effectively throughout this year benefitting preschool aged children. We hosted a wide range of events for the children, including graduation, sports day and a nativity play.
## **Section F: Financial Review**
The charity’s policy on reserves is to cover staff redundancy payments and any reductions in the number of children attending the preschool.
Details of any funds materially in deficit. The Receipts and Expenditure account made a profit of £10,030 due to an increase in the number of children attending the school.
## **Section G: Other Optional Information**
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 charity and its financial management, staff recruitment, establishing and reviewing policies/procedures and other such responsibilities.
## **Section H: Declaration**
**The trustees declare that they have approved the trustees report above.**
## **Signed on behalf of the charity’s trustees :**
**----- Start of picture text -----**
Full Name Jemma Douglass Charmaine Vassie
Position Financial Services Financial Services
Date
**----- End of picture text -----**
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 2022
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** Charmaine Vassie, Human Resources Jemma Douglass, Finance Nikki Wilby, Nominated Person Danielle Swain, Secretary Rebecca Dilley **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 16 June 2023 and signed on its behalf by:
Page 2
## **Aston Pre-School (CIO)**
## **Independent Examiner's Report to the trustees of Aston Pre-School (CIO)**
I report to the trustees on my examination of the accounts of Aston Pre-School (CIO) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity 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:
1. accounting records were not kept in respect of Aston Pre-School (CIO) as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
...................................... Tom Stocker
3 Dimsdale Walk Plaistow London E13 0LW
16 June 2023
Page 3
## **Aston Pre-School (CIO)**
## **Statement of Financial Activities for the Year Ended 31 August 2022**
|**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**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
161,217
171,247|**Total**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
161,217
171,247|**Total**
**2021**
**£**
80,357
16,435|
|---|---|---|---|
||||96,792|
||||(13,426)
(70,174)|
||||(83,600)|
||||13,192
146,975|
||||160,167|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 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 2022**
|**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|**2022**
**£**
172,297
(1,050)
171,247
171,247
171,247|**2021**
**£**
161,217
(1,050)|
|---|---|---|
|||160,167|
|||160,167|
|||160,167|
The financial statements on pages 4 to 11 were approved by the trustees, and authorised for issue on 16 June 2023 and signed on their behalf by:
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 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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. The accounts (financial statements) 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.
## **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.
## _**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.
## **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.
Page 6
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## _**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.
## **2 Income from donations and legacies**
Page 7
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Grants, including capital grants;
Government grants
Regular giving and capital donations
Donated services and facilities
Other income from donations and legacies
**Total for 2022**
**Total for 2021**
**3**
**Income from charitable activities**
Pre-school activities
**Total for 2022**
**Total for 2021**
**4**
**Expenditure on charitable activities**
**Note**
Pre-school activities
Governance costs
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
78,618
581
358
4
79,561
80,357
**Restricted**
**funds**
**£**
12,267
12,267
16,435
**Restricted**
**funds**
**£**
12,106
1,050
13,156
13,426|**Total**
**funds**
**£**
78,618
581
358
4|
|---|---|---|
|||79,561|
|||80,357|
|||**Total**
**funds**
**£**
12,267|
|||12,267|
|||16,435|
|||**Total**
**funds**
**£**
12,106
1,050|
|||13,156|
|||13,426|
|||**Total**
**expenditure**
**£**|
## **5 Other expenditure**
|**5**
**Other expenditure**|||
|---|---|---|
|**Note**
Allocated support costs
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
68,642
68,642
70,174|**Total**
**funds**
**£**
68,642|
|||68,642|
|||70,174|
Page 8
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **6 Analysis of governance and support costs**
## **Governance costs**
|Audit fees
Audit of the financial statements
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
1,050
1,050
1,050|**Total**
**funds**
**£**
1,050|
|---|---|---|
|||1,050|
|||1,050|
## **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|**2022**
**£**
200
172,097
172,297
**2022**
**£**
1,050|**2021**
**£**
200
161,017|
|---|---|---|
|||161,217|
|||**2021**
**£**
1,050|
Page 9
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **12 Funds**
|**12 Funds**|||||
|---|---|---|---|---|
|**Restricted**
**Restricted**|**Balance at 1**
**September**
**2021**
**£**
161,217
**Balance at 1**
**September**
**2020**
**£**
146,975|**Incoming**
**resources**
**£**
91,828
**Incoming**
**resources**
**£**
96,792|**Resources**
**expended**
**£**
(81,798)
**Resources**
**expended**
**£**
(83,600)|**Balance at 31**
**August 2022**
**£**
171,247|
|||||**Balance at 31**
**August 2021**
**£**
160,167|
## **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**
**£**
172,297
(1,050)
171,247
**Restricted**
**funds**
**£**
161,217
(1,050)
160,167|**Total funds at**
**31 August**
**2022**
**£**
172,297
(1,050)|
|||171,247|
|||**Total funds at**
**31 August**
**2021**
**£**
161,217
(1,050)|
|||160,167|
Page 10
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|**14 Analysis of net funds**
**At 1 September**
**2021**
**£**
Cash at bank and in hand
Bank overdraft
Debt due within one year
Debt due after more than one year
Finance leases and hire purchase contracts
Current asset investments
Net amount
Cash at bank and in hand
Net debt|**14 Analysis of net funds**
**At 1 September**
**2021**
**£**
Cash at bank and in hand
Bank overdraft
Debt due within one year
Debt due after more than one year
Finance leases and hire purchase contracts
Current asset investments
Net amount
Cash at bank and in hand
Net debt||**Cash flow**
**£**
-
-
-
-
-
-
-
-
**At 1**
**September**
**2020**
**£**
146,975
146,975|**At 31 August**
**2022**
**£**
161,217
-|
|---|---|---|---|---|
|||||161,217
-
-
-
-|
|||||161,217|
|||||**At 31 August**
**2021**
**£**
146,975
146,975|
||||||
Page 11
## **Aston Pre-School (CIO)**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2022**
|**Income and Endowments from:**
Donations and legacies
Charitable activities
Total income
**Expenditure on:**
Charitable activities
Other expenditure
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
10,030
161,217
171,247|**Total**
**Restricted**
**Funds**
**2021**
**£**
80,357
16,435|
|---|---|---|
|||96,792|
|||(13,426)
(70,174)|
|||(83,600)|
|||13,192|
|||13,192
146,975|
|||160,167|
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 2022**
|**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
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
10,030
161,217
171,247|**Total**
**2021**
**£**
80,357
16,435|
|---|---|---|
|||96,792|
|||(13,426)
(70,174)|
|||(83,600)|
|||13,192|
|||13,192
146,975|
|||160,167|
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 2022**
|**_Donations and legacies_**
Funding
Fundraising Events
Bank interest receivable
Uniform
Miscellaneous income
**_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**
**2022**
**£**
78,618
581
(1)
358
5
79,561
12,267
12,267
(6,504)
(348)
(2,912)
(1,091)
(599)
(639)
(13)
(1,050)
(13,156)
(65,132)
(2,701)
(35)
(343)
(431)
(68,642)|**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)|
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 2022
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** Charmaine Vassie, Human Resources Jemma Douglass, Finance Nikki Wilby, Nominated Person Danielle Swain, Secretary Rebecca Dilley **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 16 June 2023 and signed on its behalf by:
Page 2
## **Aston Pre-School (CIO)**
## **Independent Examiner's Report to the trustees of Aston Pre-School (CIO)**
I report to the trustees on my examination of the accounts of Aston Pre-School (CIO) for the year ended 31 August 2022.
## **Responsibilities and basis of report**
As the charity 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:
1. accounting records were not kept in respect of Aston Pre-School (CIO) as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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.
...................................... Tom Stocker
3 Dimsdale Walk Plaistow London E13 0LW
16 June 2023
Page 3
## **Aston Pre-School (CIO)**
## **Statement of Financial Activities for the Year Ended 31 August 2022**
|**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**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
161,217
171,247|**Total**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
161,217
171,247|**Total**
**2021**
**£**
80,357
16,435|
|---|---|---|---|
||||96,792|
||||(13,426)
(70,174)|
||||(83,600)|
||||13,192
146,975|
||||160,167|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 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 2022**
|**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|**2022**
**£**
172,297
(1,050)
171,247
171,247
171,247|**2021**
**£**
161,217
(1,050)|
|---|---|---|
|||160,167|
|||160,167|
|||160,167|
The financial statements on pages 4 to 11 were approved by the trustees, and authorised for issue on 16 June 2023 and signed on their behalf by:
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 2022**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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. The accounts (financial statements) 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.
## **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.
## _**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.
## **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.
Page 6
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## _**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.
## **2 Income from donations and legacies**
Page 7
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|Grants, including capital grants;
Government grants
Regular giving and capital donations
Donated services and facilities
Other income from donations and legacies
**Total for 2022**
**Total for 2021**
**3**
**Income from charitable activities**
Pre-school activities
**Total for 2022**
**Total for 2021**
**4**
**Expenditure on charitable activities**
**Note**
Pre-school activities
Governance costs
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
78,618
581
358
4
79,561
80,357
**Restricted**
**funds**
**£**
12,267
12,267
16,435
**Restricted**
**funds**
**£**
12,106
1,050
13,156
13,426|**Total**
**funds**
**£**
78,618
581
358
4|
|---|---|---|
|||79,561|
|||80,357|
|||**Total**
**funds**
**£**
12,267|
|||12,267|
|||16,435|
|||**Total**
**funds**
**£**
12,106
1,050|
|||13,156|
|||13,426|
|||**Total**
**expenditure**
**£**|
## **5 Other expenditure**
|**5**
**Other expenditure**|||
|---|---|---|
|**Note**
Allocated support costs
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
68,642
68,642
70,174|**Total**
**funds**
**£**
68,642|
|||68,642|
|||70,174|
Page 8
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **6 Analysis of governance and support costs**
## **Governance costs**
|Audit fees
Audit of the financial statements
**Total for 2022**
**Total for 2021**|**Restricted**
**funds**
**£**
1,050
1,050
1,050|**Total**
**funds**
**£**
1,050|
|---|---|---|
|||1,050|
|||1,050|
## **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|**2022**
**£**
200
172,097
172,297
**2022**
**£**
1,050|**2021**
**£**
200
161,017|
|---|---|---|
|||161,217|
|||**2021**
**£**
1,050|
Page 9
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
## **12 Funds**
|**12 Funds**|||||
|---|---|---|---|---|
|**Restricted**
**Restricted**|**Balance at 1**
**September**
**2021**
**£**
161,217
**Balance at 1**
**September**
**2020**
**£**
146,975|**Incoming**
**resources**
**£**
91,828
**Incoming**
**resources**
**£**
96,792|**Resources**
**expended**
**£**
(81,798)
**Resources**
**expended**
**£**
(83,600)|**Balance at 31**
**August 2022**
**£**
171,247|
|||||**Balance at 31**
**August 2021**
**£**
160,167|
## **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**
**£**
172,297
(1,050)
171,247
**Restricted**
**funds**
**£**
161,217
(1,050)
160,167|**Total funds at**
**31 August**
**2022**
**£**
172,297
(1,050)|
|||171,247|
|||**Total funds at**
**31 August**
**2021**
**£**
161,217
(1,050)|
|||160,167|
Page 10
## **Aston Pre-School (CIO)**
## **Notes to the Financial Statements for the Year Ended 31 August 2022**
|**14 Analysis of net funds**
**At 1 September**
**2021**
**£**
Cash at bank and in hand
Bank overdraft
Debt due within one year
Debt due after more than one year
Finance leases and hire purchase contracts
Current asset investments
Net amount
Cash at bank and in hand
Net debt|**14 Analysis of net funds**
**At 1 September**
**2021**
**£**
Cash at bank and in hand
Bank overdraft
Debt due within one year
Debt due after more than one year
Finance leases and hire purchase contracts
Current asset investments
Net amount
Cash at bank and in hand
Net debt||**Cash flow**
**£**
-
-
-
-
-
-
-
-
**At 1**
**September**
**2020**
**£**
146,975
146,975|**At 31 August**
**2022**
**£**
161,217
-|
|---|---|---|---|---|
|||||161,217
-
-
-
-|
|||||161,217|
|||||**At 31 August**
**2021**
**£**
146,975
146,975|
||||||
Page 11
## **Aston Pre-School (CIO)**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2022**
|**Income and Endowments from:**
Donations and legacies
Charitable activities
Total income
**Expenditure on:**
Charitable activities
Other expenditure
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
10,030
161,217
171,247|**Total**
**Restricted**
**Funds**
**2021**
**£**
80,357
16,435|
|---|---|---|
|||96,792|
|||(13,426)
(70,174)|
|||(83,600)|
|||13,192|
|||13,192
146,975|
|||160,167|
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 2022**
|**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
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2022**
**£**
79,561
12,267
91,828
(13,156)
(68,642)
(81,798)
10,030
10,030
161,217
171,247|**Total**
**2021**
**£**
80,357
16,435|
|---|---|---|
|||96,792|
|||(13,426)
(70,174)|
|||(83,600)|
|||13,192|
|||13,192
146,975|
|||160,167|
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 2022**
|**_Donations and legacies_**
Funding
Fundraising Events
Bank interest receivable
Uniform
Miscellaneous income
**_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**
**2022**
**£**
78,618
581
(1)
358
5
79,561
12,267
12,267
(6,504)
(348)
(2,912)
(1,091)
(599)
(639)
(13)
(1,050)
(13,156)
(65,132)
(2,701)
(35)
(343)
(431)
(68,642)|**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)|
This page does not form part of the statutory financial statements. Page 14