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2022-07-31-accounts

Digitally Signed Document Document ID: 286CA0B9D9A816

Document Details:

Filename: Amended Accounts.PDF
Client of: Nicholsons Accountants Limited

Signature Details

Name: Joanne Brown
Email: jlb@nicholsonsca.co.uk
Date & Time: 12/05/2023 11:21:51 AM (BST)
IP Address: 80.209.152.112
Signing Statement: Joanne Brown agrees and approves the contents
of this document.

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The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.

On behalf of: Nicholsons Accountants Limited
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Please keep a copy of this document for your records.

REGISTERED CHARITY NUMBER: 1176959

Report of the Trustees and

Financial Statements

for the Year Ended 31 July 2022

for

Branston Little Pickles Pre School

Branston Little Pickles Pre School

Contents of the Financial Statements for the Year Ended 31 July 2022

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

Branston Little Pickles Pre School

Report of the Trustees for the Year Ended 31 July 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of 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 2019).

Page 1

Branston Little Pickles Pre School

Report of the Trustees for the Year Ended 31 July 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity Commission's guidance on Public Benefit has been taken into consideration by the trustees when setting the aims and objectives.

The charity aims to provide a safe, caring, and nurturing learning environment for the children who attend Branston Little Pickles Pre School. We continue to develop the curiosity approach within our preschool setting and incorporate this learning approach in our everyday activities.

We continue to provide a fun, engaging before and after school club for those children attending Branston C of E Academy and Branston Junior Academy. We provide before and after school care across these two school sites in Branston. We hope that all our children feel like they belong to a strong family like team and have our full support and care during their time with us.

We continue to invest in all our staff. Developing their knowledge, skills, confidence, and wellbeing remain a top priority for the charity. We have a strong and enthusiastic team who aim high in all they do and provide an amazing service.

ACHIEVEMENT AND PERFORMANCE

In September 2021 we welcomed some new children to our setting and re-established our relationships with those returning to our care. Activity planning was key across the year, and we further developed the curiosity approach. We continued to focus on natural play, in the moment planning and using our curiosity for imaginative play. As always there was a lot of time spent outdoors in the mud kitchen, sand pit and on our climbing frame. We also got to spend time out on the big school field!

We have had lots of lovely celebrations across the year. We always enjoy learning about these special times and engrossing ourselves in learning new things. We celebrated St Patricks Day, Valentine's Day, Diwali, Halloween, Polish Day and not forgetting Christmas! We also took part in British Science week, Red Nose Day, and World Book Week to name but a few.

In November 2021 Mrs Elizabeth stepped down as manager of Big Pickles. One of our trustees applied for the post and was successful in securing the job. This made it a much easier transition in to post as Mrs Kate was already aware of the business side of things. As part of this she also took on the role of finance assistant which was essential with the rapid expansion of our Big Pickles provision. We now have around 100 children on role.

In December 2021 we said Goodbye to Mrs Jodie who was the preschool manager and who had been with us for around 15 years. Mrs Hayley, our deputy manager, and Special Educational Needs lead went to pastures new having landed her dream job in March 2022. We welcomed a new preschool manager in January 2022 who brought a different approach to the preschool having experienced a number of different ways of working at other settings.

Our under-canopy area remained an area which we needed to focus on. It is a large space but not one which we were using to its full potential. Resources were purchased to try and elevate the area and encourage more use of it. The focus remained on natural play with potion making, small world play, dressing up and a quiet area for reading and reflection.

Before we knew it, it was July and time to say goodbye to our older children. We had an end of year teddy bears picnic to celebrate with our families and had a bouncy castle which proved to be no end of fun. A lovely ending to a very busy year!

Page 2

Branston Little Pickles Pre School

Report of the Trustees for the Year Ended 31 July 2022

Big Pickles Before and After School Club really flourished this year with both sites being open. Spaces soon filled up at both sites and places were very much in demand. Lots of changes came into effect after the new manager came into post. We created a unified approach across both sites to make transition from infants to juniors a lot easier for the children. Staff are also able to work across both sites now as we run with the same schedule. Resources were invested in, ensuring these were age appropriate for each site. A new snack menu was created, again the same across the two sites. The School Food Standards agency came in to help adjust our menu so that we ensured that the children were receiving healthy snacks throughout the school day. All staff continue to undertake safeguarding training, and all are now qualified in paediatric first aid training. One member of staff undertook in-depth training on mindfulness for children and another member of the team gained a Level 3 qualification in understanding autism.

Our before and after school club continues to be an important asset within our village and it is very much in demand. Unfortunately, our space dictates the number of children we can accept, and we continue to have a large waiting list. This is something we continue to look at and which we will continue to invest in its expansion where possible.

Our business plan continues to guide us, and we regularly consult and review our aims and objectives. The business plan has given us a sense of purpose and sets out our aims which are directly aligned to our Team's daily objectives and ongoing performance. As we continue to recruit new trustees, we hope to reach our full potential as an organisation and continue to provide an essential service for our community.

The last twelve months remained a challenge for us and saw us face some difficulties. With thanks to our amazing team of staff and trustees we continued to provide the best service we could, faced with the challenges we encountered. We continued to remain positive and resilient across the year and have achieved completing most of our aims and objectives.

The committee has made sensible decisions to ensure the charity remained in a stable financial position so that we began to recover the funds which had dwindled due to coronavirus. We remained mindful about rebuilding our financial reserves following the pandemic and have continued to make sensible decisions in our spending. We continue to look at how we can strengthen and market our services.

The committee would like to thank all our staff for going above and beyond in all their roles. We would also like to thank our children, families, and carers for their continued support throughout the year.

Significant activities Charitable activities

Fundraising began again following the easing of the pandemic restrictions. We held small fundraisers across the year. We will look to restarting bigger fundraising events now we are back in the swing of things and have lots of ideas for the coming year.

Page 3

Branston Little Pickles Pre School

Report of the Trustees for the Year Ended 31 July 2022

OBJECTIVES AND ACTIVITIES Financial review

Reserves policy

We continue to work within a set budget agreed by the managers and trustees. We review this closely each month and particularly now with the rising costs we have been seeing in the food and energy industries. Larger expenses not allocated within the budget are always run by the committee and the impact on the expenditure considered before proceeding. We have managed to maintain a positive financial position and continue to build our reserves as we start to move into more stable times following the COVID 19 global pandemic.

The trustees have set a reserves policy of £30,000. This figure was agreed prior to the COVID 19 pandemic and would be used to maintain health and safety of the site and equipment, cover current staff (including with expansion of BP) staff redundancy, 6 months' rent, and all bills for 6 months, and anything else to consider in the event of closure.

Unfortunately, due to the pandemic our bank balance has fallen below our desired reserves level. The trustees are aware of this and have discussed ways in which we can rebuild our reserves. There are no major plans or works in the pipeline for the next few years having recently installed the cabin eighteen months ago. Our focus will be on the playground area and maintenance of our outdoor office. These have not received any major input since before the pandemic. We are using fundraising events, grant applications and recruiting volunteers to allow us to regenerate these areas at very little cost to the charity.

The trustees discuss the finances at each committee meeting which take place monthly. This enables us to ensure we are taking due diligence with our finances and are protecting the charity financially moving forward. We have been able to return to fundraising and have a dedicated trustee responsible for organising this. We are confident that we will soon be back to our £30,000 reserves policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation (CIO).

Recruitment and appointment of new trustees

The trustees have served as stated on page 1. Trustees are selected for their willingness to help the charity and for the skills and knowledge they have of particular benefit to the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

(England and Wales)

Registered Charity number

1176959

Registered office

C/o Branston C of E Infant School Beech Road Branston LINCOLN Lincolnshire LN4 1PR

Page 4

Branston Little Pickles Pre School

Report of the Trustees for the Year Ended 31 July 2022

Trustees

Mrs K Byers (resigned 31.10.21) Mrs A Parsons Mr P Lazenby (resigned 30.6.22) Mrs R Blackwell (resigned 31.5.22) Ms Z Dean (resigned 31.3.23) D M Negus (appointed 23.9.21) S L Kelly (resigned 31.5.22) Mrs H Murphy (appointed 10.2.22) Mrs E Mann (appointed 15.3.23) Mrs S Reeves (appointed 15.3.23) Mr D Skuse (appointed 26.9.22) Mr J P Stacey (appointed 10.2.22)

Independent Examiner

Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN

Bankers

CAF Bank Ltd 25 Kings Hill Avenue WEST MALLING ME19 4JQ Approved by order of the board of trustees on ............................................. and signed on its behalf by: 11/05/23

................................................................. Mrs H Murphy - Trustee

Page 5

Independent Examiner's Report to the Trustees of Branston Little Pickles Pre School

Independent examiner's report to the trustees of Branston Little Pickles Pre School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Joanne Brown ACA Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN

Date: .............................................

Page 6

Branston Little Pickles Pre School

Statement of Financial Activities for the Year Ended 31 July 2022

31/7/22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
305
Charitable activities
Playgroup
175,285
Other trading activities
2
928
Investment income
3
2
Other income
(124)
Total
176,396
EXPENDITURE ON
Charitable activities
Playgroup
170,277
NET INCOME/(EXPENDITURE)
6,119
RECONCILIATION OF FUNDS
Total funds brought forward
26,576
TOTAL FUNDS CARRIED FORWARD
32,695
31/7/21
Total
funds
£
34
130,618
-
-
325
130,977
142,697
(11,720)
38,296
26,576

The notes form part of these financial statements

Page 7

Branston Little Pickles Pre School

Balance Sheet

31 July 2022

31/7/22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
10,859
CURRENT ASSETS
Debtors
9
4,666
Cash at bank and in hand
19,629
24,295
CREDITORS
Amounts falling due within one year
10
(2,459)
NET CURRENT ASSETS
21,836
TOTAL ASSETS LESS CURRENT
LIABILITIES
32,695
NET ASSETS
32,695
FUNDS
11
Unrestricted funds
32,695
TOTAL FUNDS
32,695
31/7/21
Total
funds
£
8,917
1,442
21,205
22,647
(4,988)
17,659
26,576
26,576
26,576
26,576

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

continued...

Branston Little Pickles Pre School

Balance Sheet - continued 31 July 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 11/05/23

............................................. Mrs H Murphy - Trustee

The notes form part of these financial statements

Page 9

Branston Little Pickles Pre School

Notes to the Financial Statements

for the Year Ended 31 July 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Government grants

Government grants which have been accounted for under the performance model are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 10

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Value Added Tax

Value Added Tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of financial Activities.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
31/7/22 31/7/21
£ £
Fundraising events 928 -
INVESTMENT INCOME
31/7/22 31/7/21
£ £
Deposit account interest 2 -
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31/7/22 31/7/21
£ £
Depreciation - owned assets 2,218 978
Other operating leases 9,984 6,970

3.

4. NET INCOME/(EXPENDITURE)

Page 11

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.

6. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Full time
Part time
No employees received emoluments in excess of £60,000.
31/7/22
£
118,550
4,438
122,988
31/7/22
1
14
15
31/7/21
£
111,213
1,086
31/7/21
£
111,213
1,086
112,299
31/7/21
1
13
14

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 34
Charitable activities
Playgroup 130,618
Other income 325
Total 130,977
EXPENDITURE ON
Charitable activities
Playgroup 142,697
NET INCOME/(EXPENDITURE) (11,720)

Page 12

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward 38,296
TOTAL FUNDS CARRIED FORWARD 26,576
8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 August 2021 9,404 1,696 11,100
Additions 4,160 - 4,160
At 31 July 2022 13,564 1,696 15,260
DEPRECIATION
At 1 August 2021 1,328 855 2,183
Charge for year 1,731 487 2,218
At 31 July 2022 3,059 1,342 4,401
NET BOOK VALUE
At 31 July 2022 10,505 354 10,859
At 31 July 2021 8,076 841 8,917
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/22 31/7/21
£ £
Trade debtors 3,740 740
Prepayments and accrued income 926 702
4,666 1,442

Page 13

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Accrued expenses
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
At 1.8.21
£
26,576
26,576
Incoming
resources
£
176,396
176,396
At 1.8.20
£
38,296
38,296
31/7/22
31/7/21
£
£
959
488
1,500
4,500
2,459
4,988
Net
movement
At
in funds
31.7.22
£
£
6,119
32,695
6,119
32,695
Resources
Movement
expended
in funds
£
£
(170,277)
6,119
(170,277)
6,119
Net
movement
At
in funds
31.7.21
£
£
(11,720)
26,576
(11,720)
26,576

Page 14

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
130,977
130,977
Resources
Movement
expended
in funds
£
£
(142,697)
(11,720)
(142,697)
(11,720)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.8.20
in funds
£
£
Unrestricted funds
General fund
38,296
(5,601)
TOTAL FUNDS
38,296
(5,601)
At
31.7.22
£
32,695
32,695

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
307,373
307,373
Resources
Movement
expended
in funds
£
£
(312,974)
(5,601)
(312,974)
(5,601)

Page 15

continued...

Branston Little Pickles Pre School

Notes to the Financial Statements - continued for the Year Ended 31 July 2022

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2022.

Page 16

Branston Little Pickles Pre School

Detailed Statement of Financial Activities
for the Year Ended 31 July 2022
31/7/22 31/7/21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 305 34
Other trading activities
Fundraising events 928 -
Investment income
Deposit account interest 2 -
Charitable activities
Playgroup fees 78,208 35,516
Grants 135 7,383
LCC funding 96,942 87,719
175,285 130,618
Other income
Childrens uniforms (124) 325
Total incoming resources 176,396 130,977
EXPENDITURE
Charitable activities
Wages 118,550 111,213
Pensions 4,438 1,086
Rent 9,984 6,970
Children's milk and provisions 3,156 1,439
Toys, equipments and consumabl 5,500 4,390
141,628 125,098
Support costs
Management
Insurance 786 722
Telephone 1,263 918
Postage and stationery 1,198 2,957
Sundries 11,504 5,664
Staff training 1,188 1,892
Repairs and renewals 588 277
Carried forward 16,527 12,430

This page does not form part of the statutory financial statements

Page 17

Branston Little Pickles Pre School

Management
Brought forward
Subscriptions
IT costs
Finance
Bank charges
Fixtures and fittings
Computer equipment
Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)
Detailed Statement of Financial Activities
for the Year Ended 31 July 2022
31/7/22
31/7/21
£
£
16,527
12,430
1,244
403
2,408
1,141
20,179
13,974
180
177
1,731
492
487
486
2,398
1,155
6,072
2,470
170,277
142,697
6,119
(11,720)

This page does not form part of the statutory financial statements

Page 18