FRIThENDEN PRE-SCHOOL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees submit their annual report and the financial statements of Frittenden Preschool I'the haritVI for the year ended 31 Oecember 2020. The trustees confirm that the annual report and financial statement of the charity comply with current statutory requirements, the requirements of the charity's 8overnin8 document and the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" issued in March 2LK15 Structure overnance and mana ement The charitls objectives are to establish and run a pre-school to advance the education of pre-school children. The trustees are.. Mrs Hannah Swindells Mr5Joanna Beech Mr Edward Roman Mrs Susan Laing Mr Alex Oavie5 Mrs Kirsty Hesmer The charlty Is governed by a board of three trustees who are officers of the committee and three property trustees and operates a pre-school with a Committee and 51aff. Constltutlon The charity is 8overned under a Constitution IPre-5chool Learning Alliance Model Pre-school Constitution 20111 si8ned 6 March 2018 and 15 a registered charity. Or ?nlsatlonal structure and dec151on makin The day-to-day management of the charity is under the control of a management committee comprising the Chair, Treasurer and Secretary. The management committee 15 required to obtain prior approval from the Property Trustees for all non-operational and capital expenditure in excess of£2000. Rlsk Mana ement The management committee has undertaken a risk assessment of all activities organised by the Pre- school in furtherance of its objectives and of the Pre-school facilities arbd this is reviewed on an annual basis. The Property Trustees have assessed the major risk5 to which the charity 15 exposed, and are satisfied that systems are in place to mitigate exposure to major risks. Ob ectives and activities In shaping our objertives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'Public Benefit: Running a Charity IPB21" The objective of the charity is to advance the development the development and education of children and provide an environment which is safe, happy and conducive to individual and group play. It aims to prepare children for the discipline and routine of school. The pre-school has been established for 35 year5 and has a full complement of teaching staff including a Pre-school Manager and Pre-school Deputy Manager. The charity has 22 children on the register as at March 2020 consisting of O four year olds, 15 three year olds and 7 two year olds. The charity aims to provide a seNice to the local community by providing a happy and relaxed environment for children of any culture and/or ability to learn through play. Children are encouraged by example and teaching to care for and respect not only themselves but also others and their environment. The Pre-school aims to.. Increase personal confidence and self-esteem,. Develop the concentration, communication and listening skills of the children; Broaden their range of experiences and to deepen their levels of understanding.. Develop their physical abllities. The charity actively promotes creativity and Imaginative play and equality of opportunity for everyone. Children are encoura8ed to feel part of their communSty by taking part in vlsits to local facilities and place5 of interest in the village as well as recelving organised visitors from members of the local community. The charity encourage5 each individual child to pro8ress towards the Earlv Learnin8 Goals, a5 Set out by the DFEE. The voluntary management committee and parent5, together with the staff, undertake fundraising actlvities as required. Flnanclal revlew for Year Endln 310ecember 2020 The accounts have been compiled for submission to the charity commission once they Teceive the trustee report. As of 3111212020, the charity had a total of £29,925.87 In its bank accounts at HSBC. This con51Sted of E6618.68 in the two reserve accounts and £23,307.19 in the current account. The reserve accounts have maintained a consistent balance since last year when there was £6,612 as reserves. The current account balance has increased due to the receipt of a coronavirus business continuity grant. The pre-school made payments of £51,871 In the calendar year. The incoming money wa5 £62,206 including the £10,000 business continuitv 8rant. The preschool shows a posltive difference Iprofitl of £10,335. Governmeni funding provides 570 hour5 of free early education per year. This is normally taken as 15 hours per week for 3-4 year olds. Eligible two-year-olds can also receive "Free for 2" funding. The amount of government funding received per child per hour is £4.08 for 3-4 year old5 and £5.10 for 2 vear olds. The amount of government funding received by the preschool wa5 E40,946. Parents whose children are either ineligible for government furbding or who want additional hour5 for their children pay £5.00 per hour. In addition, all parents are requested to make a voluntary donation of £0.50 per session to cover additional costs such as snacks and materials. Funding from parents totalled £9,534. The charity is currently strong enough to sustain itself financially. The charity remains above its reseryes. Re5erve5 olic It is the policy of the charity that unrestricled funds which have not been desi8nated for a specifi use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserve5 at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's Current activities while con5ideration1s given to way5 in which additional funds can be raised. The committee considers this obligation to have been met for the financial period ending 31 December 2020. Financial recommendations The charity accounts for the perSod ending 31 December 2020 have shown further improvement since the last flnancial year. The committee was pleased with the positlve balance shown in the accounts. This was mainly due to the followin8 factors: Continued 8overnment funding and the award of a business continuity 8rant durin8 the initial lockdown period maintained the income of the preschool. The pre-school remain5 popular with consistent enrolment numbers and the development of a waiting list should spaces become available. No unexpected expenditure or larBe outgoings together with ihe spending policy operated by the pre.school staff In 2020, it is important that the charity continues to consider its C05t5. In addStSon, continuing concerns over COVID in schools and pre-schools may result in fewer non-government funded places being taken up. The additional positive balance will help the pre-school to meet its ¢osts should this situation temporarily arise. Frlttenden Pie-school Trustees report s18natory page FRITfENDEN PRE-SCHOOL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Slgned: Mrs Susan Lalng Chalr Mr Alex Oavies Treasurer Mr Edward Roman Secretary .<(Ly-J Mrs Sarah Davles Pre-school Mana8er ## **Independent Examiner's Report to the Trustees of Frittenden Pre‐School** I report on the accounts of the charity for the year ended 31 December 2020 which comprise the trustees’ report, receipts and payments account, and statement of assets and liabilities. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 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 Commission under section 145(5)(b) of the 2011 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 Commission. 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 no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **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 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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. ## **Richard Nelson FCCA Breckman & Company Ltd Chartered Certified Accountants** 49 South Molton Street London W1K 5LH 30 March 2021 ## **FRITTENDEN PRE-SCHOOL** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **YEAR ENDED 31 DECEMBER 2020** ## **RECEIPTS** |Fees from parents|9,534|| |---|---|---| |Government funding|40,976|| |Fundraising|1,125|| |Donations|340|| |Interest received|6|| |HMRC Grants|10,000|| |Sundries|225|62,206| ## **PAYMENTS** |Staff wages including employer's NI
Employer Pension Contributions
Insurance
Professional fees
Rates/utilities
Equipment/materials
Printing/postage/stationery
Consumables/staff costs
Building maintenance and services
Sundries
**NET SURPLUS**
**Cash funds brought forward**
**Cash funds carried forward**|41,619
686
749
1,790
755
666
1,367
1,787
1,591
891
£
£
£|51,901| |---|---|---| |||10,305| |||19,822| |||30,127| **FRITTENDEN PRE-SCHOOL** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **YEAR ENDED 31 DECEMBER 2020** |**Assets**
Debtors
Bank
Cash
Total cash funds
**Liabilities**
Creditors
Accruals
**Total net assets**
£|-
29,926
231| |---|---| ||30,157
(205)
(900)| ||29,052|