REGISTERED CHARITY NUMBER: 292446
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2022
for
First Stop Preschool
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
First Stop Preschool
Contents of the Financial Statements for the Year Ended 31 August 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
First Stop Preschool
Report of the Trustees
for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to advance the education of children below compulsory school age in and around the district of Trimley St Mary.
This year, in order to meet its objective, the preschool has provided 62 children with between two and five half-day sessions each per week within a safe, secure and stimulating environment. Careful planning of staffing levels has ensured that each individual child benefited from the support they required in order to develop their potential at their own pace.
Sessions have been carefully planned so that children attending preschool will, by the time they reach school age, have had the opportunity to achieve the desirable learning outcomes set out by the Early Years Foundation Stage (EYFS 2017) and can progress with confidence. In spite of the Covid-19 lockdown beginning on 23 March, First Stop remained open for Key Worker children whilst there was a demand and during this period of disruption and uncertainty provided a safe and nurturing environment for children, whilst still providing appropriate play activities and a high level of adult input the following seven areas of learning, as set by the EYFS:
Prime Areas: Personal, Social and Emotional Development Physical development Communication and Language
Specific Areas: Literacy Mathematics Understanding the World Expressive Arts and design
Page 1
First Stop Preschool
Report of the Trustees
for the Year Ended 31 August 2022
OBJECTIVES AND ACTIVITIES
Significant activities
October 2021
Rob Sambrook Photography came in for the day to take individual and family photographs with booked time slots.
November 2021
The staff dressed up in red and sold poppies for the Poppy Appeal and raised £18 for the appeal We also dressed up for Children in Need and made cakes.
December 2021
We had a Christmas party for the children with a visit from Father Christmas.
March 2022
The children dressed up for World Book Day.
The staff and children dressed up to raise funds for Comic Relief.
April 2022
The AGM was held. Three new trustees were recruited.
May 2022
The Preschool took part in Pyjama Rama coming into the preschool in our PJ's. We had a book raffle which raised £79, £40 of which was donated to the Book Trust. The remaining £39 was used to buy new books for the Preschool.
July 2022
We held a leavers party for the children going to school.
Throughout the year we used our closed Facebook group to give parents/carers information, activity and game ideas for the home.
ACHIEVEMENT AND PERFORMANCE
The Preschool continues to invest in staff training, particularly Food hygiene, First aid and Safeguarding and continues to abide by the set policies covering Admissions, Behaviour Management Safeguarding, Complaints, Confidentiality, Equal opportunities, Health & Hygiene , Parental Involvement, Safety, Special Needs, Staffing,
The preschool has continued to work within the budgets set and continues to receive positive feedback from parents on the services it provides. The success of the Preschool is due to the high quality of care and educational stimulation provided by the Preschool staff, in particular the Manager who receives the support of the Finance Administrator, Management and Custodial Trustees.
FINANCIAL REVIEW
Reserves: Unspent income of £134,069 in the bank as at 31 August 2022 these funds being adequate to ensure that the charity is able to meet all current and known liabilities and to guarantee the high quality of service required.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 2
First Stop Preschool
Report of the Trustees
for the Year Ended 31 August 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Custodian Trustees have been in contact throughout the year, were present at the AGM and met once at the end of the financial year.
The Management Trustees met on five occasions during the year to deal with the general day to day running of the Preschool, and sub committees met on other occasions for specific purposes (e.g. carnival organisation).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
292446
Principal address
2 Guston Gardens Kirton Suffolk IP10 0PN
Trustees
Trustees By agreement of all present at the AGM held on 8 April 2022 the following people were re-elected:
Holding (custodian) trustees Sarah Banham Lorinda Hall
Management Trustees (Committee) Amanda Erskine (chairman) Adam O'Connor Nadine Jehan Sharon Bennett (Nominated OFSTED individual
New Management Trustees Hannah Allard Stacey Ellis Denuse Stuttle
Independent Examiner
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Page 3
First Stop Preschool
Report of the Trustees
for the Year Ended 31 August 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Trustee
Page 4
Independent Examiner's Report to the Trustees of First Stop Preschool
Independent examiner's report to the trustees of First Stop Preschool
I report to the charity trustees on my examination of the accounts of First Stop Preschool (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 the Trust 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no 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.
S D Sturman
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Date: .............................................
Page 5
First Stop Preschool
Statement of Financial Activities for the Year Ended 31 August 2022
| Notes INCOME AND ENDOWMENTS FROM Charitable activities General Activities Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities General Activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.22 Unrestricted funds £ 113,118 226 12 113,356 107,172 6,184 269,913 276,097 |
31.8.21 Total funds £ 107,568 200 2 |
|---|---|---|
| 107,770 | ||
| 103,184 | ||
| 4,586 265,327 |
||
| 269,913 |
The notes form part of these financial statements
Page 6
First Stop Preschool
Balance Sheet
31 August 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.8.22 Unrestricted funds £ 144,021 132,077 (1) 132,076 276,097 276,097 276,097 276,097 |
31.8.21 Total funds £ 143,000 127,098 (185) 126,913 269,913 269,913 269,913 269,913 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 7
First Stop Preschool
Notes to the Financial Statements for the Year Ended 31 August 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
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
Fixed asset traditional were not depreciated under the receipts and payments method. Having changed to accruals, the charity has continued not to depreciate its assets for consistency.
Taxation
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
continued...
First Stop Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
2. OTHER TRADING ACTIVITIES
| 31.8.22 | 31.8.21 | ||
|---|---|---|---|
| £ | £ | ||
| Photographs - commission | 226 | 200 | |
| 3. | INVESTMENT INCOME | ||
| 31.8.22 | 31.8.21 | ||
| £ | £ | ||
| Deposit account interest | 12 | 2 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| General Activities | 107,568 |
| Other trading activities | 200 |
| Investment income | 2 |
| Total | 107,770 |
| EXPENDITURE ON | |
| Charitable activities | |
| General Activities | 103,184 |
| NET INCOME | 4,586 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 265,327 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 269,913 |
Page 9
continued...
First Stop Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
6. TANGIBLE FIXED ASSETS
| COST At 1 September 2021 Additions At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 |
Fixtures and fittings £ 16,500 841 17,341 17,341 16,500 |
Building £ 110,000 - 110,000 110,000 110,000 |
Shed £ 3,000 180 3,180 3,180 3,000 |
Canopy £ 13,500 - 13,500 13,500 13,500 |
Totals £ 143,000 1,021 |
|---|---|---|---|---|---|
| 144,021 | |||||
| 144,021 | |||||
| 143,000 |
Fixed asset traditional were not depreciated under the receipts and payments method. Having changed to accruals, the charity has continued not to depreciate its assets for consistency.
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security 8. MOVEMENT IN FUNDS At 1.9.21 £ Unrestricted funds General fund 269,913 TOTAL FUNDS 269,913 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 113,356 TOTAL FUNDS 113,356 |
31.8.22 £ 1 - 1 Net movement in funds £ 6,184 6,184 Resources expended £ (107,172) (107,172) |
31.8.21 £ 1 184 185 At 31.8.22 £ 276,097 276,097 Movement in funds £ 6,184 6,184 |
|---|---|---|
Page 10
continued...
First Stop Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.9.20 in funds £ £ Unrestricted funds General fund 265,327 4,586 TOTAL FUNDS 265,327 4,586 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 107,770 (103,184) TOTAL FUNDS 107,770 (103,184) |
At 31.8.21 £ 269,913 269,913 Movement in funds £ 4,586 4,586 |
|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 11
First Stop Preschool
| Detailed Statement of Financial Activities for the Year Ended 31 August 2022 INCOME AND ENDOWMENTS Other trading activities Photographs - commission Investment income Deposit account interest Charitable activities Fees - parents Fees - Government Fees - special needs SCC additional grant Donations Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rates Insurance Light, heat and water Advertising and fundraising Housekeeping and consumables Toys, books and equipment Gifts to leavers and staff Maintenance and renovation Training, courses and T Shirts Uniforms Sundry expenses Licences, registrations & DBS Support costs Management Postage and telephone Stationery, printing & copying |
31.8.22 £ 226 12 9,843 99,746 300 3,229 - 113,118 113,356 93,401 772 440 1,541 1,159 90 1,252 1,253 - 3,659 34 275 349 869 105,094 873 555 1,428 |
31.8.21 £ 200 2 9,713 96,945 904 - 6 |
|---|---|---|
| 107,568 | ||
| 107,770 91,080 679 112 1,436 1,099 147 1,574 2,464 245 591 1,100 - 46 863 |
||
| 101,436 663 485 |
||
| 1,148 |
This page does not form part of the statutory financial statements
Page 12
First Stop Preschool
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| Detailed Statement of Financial Activities for the Year Ended 31 August 2022 |
||
|---|---|---|
| Management Governance costs Accountancy and legal fees Total resources expended Net income |
31.8.22 £ 650 107,172 6,184 |
31.8.21 £ 600 |
| 103,184 | ||
| 4,586 |
This page does not form part of the statutory financial statements
Page 13