Centre pre-school {Colchester) CIO Financial statements for the year to 31 st July 2023 Charity Number 1185820
Centre pre-school (Colchester) CIO Financial statements for the year to 31st July 2023
CONTENTS
| Company Information | 3 |
|---|---|
| Trustees’ Report | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes | 7 |
The following pages do not form part of the statutory accounts
Accountants Report 8
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Centre pre-school (Colchester) CIO Trust information for the year to 31st July 2023
Charity registration number 1185820
Trustees Lizanne Shiret Marie Wetton-Smith Sue Lissimore Registered office 329 Straight Rd
329 Straight Rd Colchester CO39EF
Bankers Nat West, 25 High St Colchester CO11DG Solicitors Birkett Long 42 Crouch St, Colchester CO3 3HH Independent Examiner Neil Loxley Accountancy Services 39 Shakespeare rd Colchester CO3 9DW
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Centre pre-school (Colchester) CIO Trustees report for the year to 31st July 2023
Centre pre-school Colchester is a charitable trust registered in 2019 and governed by a constitution which. The charity seeks to enhance the development and education of children through the provision of quality pre-school education for 2 – 5 year olds in the Colchester area.
The organisation of the work of the charity is in the hands of the trustees, an elected group, the majority of whom have children attending the pre-school. The group recruit new members by making their work and involvement known to the parties connected with the pre-school and inviting interest. New trustees are voted onto the group by the existing trustees.
The Charity did not operate during the period under review t
Financial Position
The accounts on pages 5 and 6 set out the transactions for the year. The trustees are satisfied with the overall position. The trustees are confident that the long term viability of the charity is not in question.
Reserves policy
The trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisation and consider that the unrestricted funds held by the charity should be between 2 and 12 months expenditure.
Future plans
The trustees plan to continue and grow the activities of the pre-school in forthcoming years.
…………………………………… Trustee
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Centre pre-school (Colchester) CIO Statement of financial activities for the year to 31st July 2023
| Restrict | designated | Unrestricted | Total | unrestricted & | |
|---|---|---|---|---|---|
| ’d fund | funds | funds | total | ||
| Incoming resources | £ | £ | £ | £ | 2020 |
| from charitable activities | |||||
| Fees received - families (1) | 0 | 0 | 0 | 16,577 | |
| Essex County Council grant | 0 | 0 | 0 | 101,636 | |
| 0 | 0 | 0 | 118,213 | ||
| From generated funds | |||||
| Fund raising activities | 0 | 0 | 0 | 602 | |
| Interest | 0 | 0 | 0 | 42 | |
| uniform | 0 | 0 | 0 | 239 | |
| Donations / other | 0 | 0 | 0 | 125 | |
| Total incoming resources | 0 | 0 | 0 | 119,221 | |
| Charitable expenses | |||||
| Staff salaries & NI costs (2,4) | 0 | 0 | 0 | 98,612 | |
| Staff development | 0 | 0 | 0 | 118 | |
| Rent | 0 | 0 | 0 | 9,878 | |
| Refreshments & consumables | 0 | 0 | 0 | 691 | |
| Local trips parties etc | 0 | 0 | 0 | 835 | |
| Toys & equipment | 0 | 0 | 0 | 219 | |
| Craft & stationery | 0 | 0 | 0 | 591 | |
| Uniforms | 0 | 0 | 0 | 110 | |
| Insurance | 0 | 0 | 0 | 502 | |
| Post stat & Tel | 0 | 0 | 0 | 542 | |
| Miscellaneous | 0 | 0 | 0 | 1,974 | |
| Cleaning | 0 | 0 | 0 | ||
| Photographs | 0 | 0 | 0 | 109 | |
| Total charitable expenses | 0 | 0 | 0 | 114,181 | |
| Admin expenses - Accountancy | 0 | 0 | 0 | 844 | |
| Total resources expended | 0 | 0 | 0 | 115,025 | |
| Surplus for year | 0 | 0 | 0 | 0 | 4,196 |
| Retained profit brought forward | 0 | 0 | 0 | 0 | 42,999 |
| Retained profit carried forward | 0 | 0 | 0 | 0 | 47,195 |
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Centre pre-school (Colchester) CIO Statement of assets and liabilities as at 31st July 2023
| Note | £ | £ | £ | 2020 | |
|---|---|---|---|---|---|
| Current assets | |||||
| Bank deposit accounts | 0 | 25,118 | |||
| Bank current account | 0 | 21,939 | |||
| Cash in hand | 0 | 138 | |||
| Total current assets | 0 | 47,195 | |||
| Designated funds | 0 | 17,182 | |||
| Unrestricted funds | 0 | 30,013 | |||
| Total funds | 0 | 47,195 |
On behalf of the trustees
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Centre pre-school (Colchester) CIO Notes to the accounts for the year to 31st July 2023
1. Accounting policies
The accounts have been prepared in accordance with applicable accounting standards. There were no material departures from those standards.
a) Basis of preparation of financial statements.
The financial statements have been prepared under historical cost accounting rules. The effect of events relating to the year which occurred before the date of approval of the financial statements by the trustees, have been included in the statements to the extent required to show a true and fair view of the state of affairs at the year end and of the results for the period ended on that date.
b) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. The restricted funds are as follows
B/f 0 Income & expenditure 0 c/f 0
The designated fund is an amount set aside for the possibility of redundancy payments becoming due to staff in the event of the centre closing.
c) Incoming resources
Income is included at the date the charity is entitled to that income. The value of services provided by volunteers has not been included in these accounts.
d) Resources expendable
Expenses is recognised on an actual basis as a liability is paid
e) Capital equipment
The costs of minor additions or those less than £3000 are not capitalised but fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of the asset over its expected useful life, in all cases estimated at 4 years.
2. Staff costs and numbers
There were 9 employees during the year. No employee received emoluments of more than £60,000
3. Creditors:
Amounts falling due within one year - £0, previous year: £0
4. Trustee remuneration & related party transactions
No trustee received any remuneration during the year. Apart from the benefit of the pre-school provision offered to the public, no trustee had any personal interest in any contract or transaction entered into by the charity during the year.
5. Taxation:
As a charity Centre pre-school is exempt from taxation on income and gains to the extent that these are applied to the charitable objects. No tax charges have arisen in the charity
- Analysis of net assets between funds
| Restricted funds | Unrestricted funds | total | |
|---|---|---|---|
| Net current assets | 0 | 0 | 0 |
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Independent Examiner's report to the Trustees of Centre pre-school (Colchester) CIO
I report on the accounts of the trust for the year ended 31st July, set out on pages 5 and 6.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the charities Act 2011 (the Act) does not apply. It is my responsibility to examine the accounts under section 145 of the 2011 Act, follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act, and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Neil Loxley
May 2024
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