**REGISTERED CHARITY NUMBER : 294633** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 AUGUST 2022** ## **FOR** ## **WARGRAVE PRESCHOOL** **Holybrook Associates Ltd 1st Floor, Pinnacle Building** **20 Tudor Road** **Reading RG1 1NH** ## **WARGRAVE PRESCHOOL** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 11| ## **WARGRAVE PRESCHOOL** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** The trustees present their report with the finacial statements of the charity for the year ended 31st August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicale to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** Development and education of children primarily under the statutory school age by encouraging their parents to understand and provide for the needs of their children through the community groups and by offering appropriate play, education and care facilities, together with the parents' rights to take responsibility for and to become involved in the activities of the group. In setting our objective and planning our cativities, our trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Relating to our main objectives and achievements for the year we have provided preschools sessions for thirty-eight academic weeks of the year for two to four year olds. We have provided access to children who are eligible for funding through Wokingham Borough Council and place no retrictions on children accessing funded sessions at preschool. Committee positions are filled by volunteers from the membership. Members also take part in session when possible. New starters are given settling in time and further support can be offered when required. Annual Activities are held to encourage interaction between the preschool members an dthe community. These include picnics, sports day, coffee morning and evening fundraisers for the local community. Fundraising by membership is used in general for projects to improve the preschool environment and equipment. An annual survey of members provides guidance on areas that should be improved and these are discussed at the AGM. Regular committee meetings document progress in these areas. Page One ## **WARGRAVE PRESCHOOL** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** ## **ACHIEVEMENT AND PERFORMANCE** The preschool has secured a lease of its building allowing the preschool to operate for longer hours without having to pay extra rent. This allows the preschool to secure an increased income by extending opening hours. In addition the lease term is secured until 2028 which provides certainty and security for the preschool's future. The change in management has stabilised the staff, which has reduced costs and enabled the preschool to offer a full range of years again. We have looked to increase the number of children able to attend whilst adhering to ratios to maximise income. The trustees appointed an advisory board in 2020-21 and are now enjoying the benefit of their advice by providing continuity, stability and expertise. ## **FINANCIAL REVIEW** ## **Principal funding sources** The charity has two main sources of funds. Wokingham Borough Council pays fees for each child at school. In addition, the Preschool charges parents for additional services, including lunch club, breakfast club or hours not covered by their 15 or 30 hours per week funding. ## **Reserves Policy** A fund is kept to cover the costs of closure ## **Going Concern** The trustees consider that there are no material uncertainties regarding the charity's ability to continue to be a going concern. There are no material uncertainties affecting the current year's accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document "Preschool Learning Alliance Model Constitution 2005" The selection of the Trustees in made at the AGM and elected from the membership. Each new trustee/committee member signs a confidentiality agreement and receive details of their roles and responsibilities. Each new trustee and committee member is given a handover from the previous incumbent and access to him or her for questions and continuity. Page Two ## **WARGRAVE PRESCHOOL** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 294633** ## **Principal address** The Youth Centre Recreation Ground East View Road Wargrave Berkshire RG10 8BH ## **Trustees** IG Carter Chairman ## **Independent Examiner** Holybrook Associates Ltd 8 Victoria Road Reading Berkshire RG31 5AD Approved by the Board of Trustees and authorised for issue on x/xx/2021 and were signed on its behalf by: I G Carter Chairman Page Three ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARGRAVE PRESCHOOL** ## **Independent examiner's report to the trustees of Wargarve Preschool** I report to the charity trustees on my exmination of the accounts of Wargrave preschool (the Trust) for the year ended 31st August 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordnace with the requirements of the Charities Act 2011 ("the Act") I report in respect of my exmaination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Direcrions 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 the Trust 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 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 indpendent 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. |Rachel Eden
Holybrook Associates Ltd
1st Floor, Pinnacle Building
20 Tudor Road
Reading
RG1 1NH
date
Page Four
**WARGRAVE PRESCHOOL**
**STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 AUGUST 2022**
Notes
**INCOME AND ENDOWMENTS FROM**
Other Trading Activities
2
Investment Income
3
**Total**
**EXPENDITURE ON**
Other
**NET INCOME (EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2022
2021
unrestricted
unrestricted
fund
fund
£
£
102,867
173,321
37
2
102,904
173,323
103,527
88,278
-623
85,045
92,312
7,267
91,689
92,312| |---|---| The notes form part of these financial statements Page Five ## **WARGRAVE PRESCHOOL** ## **BALANCE SHEET 31st AUGUST 2021** |Notes
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amount falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**ACCRUALS AND DEFERRED INCOME**
9|2022
unrestricted
fund
£
318
92,541
92,859
1,170
91,689
91,689|2021
unrestricted
fund
£
78
94,469
94,547
2,235
92,312
92,312| |---|---|---| |**NET ASSETS**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|91,689
91,689
91,689|92,312| |---|---|---| |||92,312| |||92,312| The financial statements were approved by the Board of Trustees and authorised for issue on x/xx/2022 and were signed on its behalf by: I G Carter Chairman The notes form part of these financial statements Page Six ## **WARGRAVE PRESCHOOL** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2021** ## **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 1st January 2015)', Financial reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the 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 the 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. ## **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. Page Seven ## **WARGRAVE PRESCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31st AUGUST 2021** ## **2 OTHER TRADING ACTIVITIES** |Fundraising and Donations
Fees
Funding|**2022**
**2021**
**£**
**£**
40,933
71,778
4,556
25,779
57,379
75,764| |---|---| ||102,867
173,321| **3 INVESTMENT INCOME** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Interest on cash balances|37|2| ## **4 TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration and other benefits paid for the year ended 31st August 2021 nor for the year ended 31st August 2022. ## **Trustees' Expenses** There were no trustees' expenses paid for the year ended 31st August 2022 nor for the year ended 31st August 2021. ## **5 STAFF COSTS** ||**2022**|**2021**|| |---|---|---|---| |The average number of employees during the year was|6||6| |as follows|||| No employees received emoluments in excess of £60,000 Page Eight ## **WARGRAVE PRESCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31st AUGUST 2022** ## **6 COMPARATIVES FOR THE STATEMENT OF FINANCIAL STATEMENTS** Unrestricted fund £ **INCOME AND ENDOWMENTS FROM** ||Other trading activities||102,867| |---|---|---|---| ||Investment Income||37| ||**Total**||102,904| ||**EXPENDITURE ON**||| ||Other||103,527| ||**NET INCOME/(EXPENDITURE)**||-623| ||**RECONCILIATION OF FUNDS**||| ||**Total funds brought forward**||92,312| ||**TOTAL FUNDS CARRIED FORWARD**||91,689| |**7**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**2022**|**2021**| |||**£**|**£**| ||Trade Debtors|318|78| |**8**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**2022**|**2021**| |||**£**|**£**| ||Trade Creditors|480|1,844| ||Taxation and Social Security|690|391| ||Other Creditors||| |||1,170|2,235| Page Nine ## **WARGRAVE PRESCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31st AUGUST 2022** ## **9 ACCRUALS AND DEFERRED INCOME** |**2022**|**2021**| |---|---| |**£**|**£**| Accruals and deferred income nil nil ## **10 MOVEMENT IN FUNDS** ||At 1st|Net|At 30th| |---|---|---|---| ||September|movement|August| ||2021|in funds|2022| ||**£**|£|**£**| |**Unrestricted funds**|||| |General fund|92,312|-623|91,689| |**TOTAL FUNDS**|92,312|-623|91,689| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||Resources|expended|in funds| ||**£**|£|**£**| |**Unrestricted funds**|||| |General fund|102,904|103,527|-623| |**TOTAL FUNDS**|102,904|103,527|-623| |**Comparatives for movement in funds**|||| ||At 1st|Net|At 30th| ||September|movement|August| ||2021|in funds|2022| ||**£**|£|**£**| |**Unrestricted funds**|||| |General fund|92,312|(543)|91,689| |**TOTAL FUNDS**|92,312|(543)|91,689| Page Ten ## **WARGRAVE PRESCHOOL** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31st AUGUST 2022** **Comparative net movement in funds, included in the above are as follows:** ||Incoming|Resources|Movement| |---|---|---|---| ||Resources|expended|in funds| ||**£**|£|**£**| |**Unrestricted funds**|||| |General fund|102,904|103,527|(543)| |**TOTAL FUNDS**|102,904|103,527|(543)| ## **A current year twelve months and prior year twelve month combined position is as follows** ||At 1st|Net|At 30th| |---|---|---|---| ||September|movement|August| ||2021|in funds|2022| ||**£**|£|**£**| |**Unrestricted funds**|||| |General fund|99,939|84,062|184,001| |**TOTAL FUNDS**|99,939|84,062|184,001| **A current twelve months amd prior year twelve months combined net movement in funds, included in above are as follows:** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Resources
expended
Movement
in funds
**£**
£
**£**
276,227
191,805
84,422| |---|---| ||276,227
191,805
84,422| ## **11 RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st August 2022 Page Eleven