RUNNYMEDE PRE-SCHOOL REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Charity No: 301250 RUNNYMEDE PRE4CHOOL Chari Nuntt)er: 301250 TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2021 The trustees present their ￿Port ￿th the financial Stat￿￿ents of the charity for Ihe year erTrded 31 August 2021. The Irustees have a(lopted the provisions of A¢xounting and Reporting by Charities.. Staternenl of Recomfnended Practi￿ applicable to charttses preparing their a(￿O￿nts in ac￿rdanCe with the Financial Reporting Standard appluble in the UK and RepublK of Ireland IFRS 1021 (effective 1 January 20151. AIMS ANO POUCY The aims of RunrEymede Prfrschool (Ihe Prtrschooll are to enhance the development and education of (*ildren primarity undef StatLrtory school age by el￿Ouraging pafents to undersiand and prO¥￿e for the needs 01 their children through communtty play groups. play, education and care. The P￿School is wn in accordance with the aims and thd8 of standards issued ty the Pre-school Leaming Alliance. STATUS. ORGANISATION AND MANAGEMENT The Pr&School 15 8 registered charÉty and is constituted a5 an unincorporated association. The current Constrtution was adopted by MembeTS in 2016 ar¥J the Pre-school 15 3 boty in membership of the Pre-school Leaming Alliance. Thg overall management and control of the Pre-sthool rests wth Ihe ind¢wdual members of Pre-school's management committee Ilhe Commtheel_ The day-tr￿daY management of the Prtrschool during the year is delegated to senior staff members The members of the Commrttee, who are aLs0 the Ch8rity TnJslee$ and who setvèd duNng the year, are listed on page 3. They are ewed annualty at the Annual General Meeting wth minimum number of 8 members. tnduding 3 cwptert members and of which at lèast 5 parents or guardians of children attending the pre-sthogl as parent representalives. The appoÈntmeftt of rgplacement parent representatives may atso be deatt ￿th al Convnittee Meth"ry. The policies and procedures adopted by the Pr&School are those required by the Pre-sthool Leaming AlliancE, induding those covering all aspects of child protection aThJ health and satety. Disdosure and Barring Service hecks are carried out on all new emplcryees and Committee Members. Key management information and r•munèrntign The trustees are Considered lo be the key management personnel. All members of the Commrttee, as trustees, give their time voluntarity and re(%Ne no rem(Jneration or olher benefits in respeca of their b.me on the Committee. REFERENCE AND ADMINISTrAmVE DEfAiLS Registernd Charity number 301250 Further details rega￿1[n9 the Pre-sthool may be obtained from Mrs Aison Thoma5, 5 Netherfield, Benfleet. Essex SS7 1TY. PRINCIPAL ADVISERS Banke￿.. Bardtys B8nk pl Great Tarpots 8ranch PO Box 13 R8yleigh Essex SS6 7AJ Independent Examiner John Charman, ACA Unrt 3a. Thames Enterprise Ctntre Princess Margaret Road East Tilbury Essex RM18 8RH RUNNYMEDE PRE-SCHOOL Chari Number: 301250 TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 {¢onlinued) REVIEW OF ACTIVITIES. ACHIEVEMENTS AND PERFORMANCE A detailed review of activities and achi8vements for the yearwill be presented al the forthccffiing Annual General Meeting. In summary. the Pre-school provided 189 supervis•Y sessK)ns ranging betr￿n 3 and 5.75 hours each and had 61 children énrolled for the 2021 Svmmef temi. The reSlt￿ ofthe Prtrschool for the year are detailed on page 5 and show a deficii for the year of £6,55512020.. defiol of £2,445) before expenditu￿ on ￿ngIble fixed assets. The main Source of funds continues to anse frorn fees and grants funding for childc2re and this income i% applied to the cost of running the Pre-sthool. The main costs are the salaries ol the Pre-S¢hool staff together wth hire of the h￿1 8nd expenditure on equiprwt, games, supplies and other rtem5 used for the education and the welfare of the children. A number of fund-raising activities take place during the year and the net proceeds from these ale used as a conlribub.on towards the runnin9 Costs of the Pre-sthool. The Committee is wRre of the guidarKe issued ty the Charity Commission on public benefft and beI￿ve that the current aetivities and objects of Ihe Pr&School are in line wilh the guidance, I￿￿dIng the 811ocation of free places and subsidised fees in appropriate circumstances. RESERVES, RESOURCES AND RISKS All of the Charity's reserves are unrestrthd and are therefore luljy av8ilable for its, day-tIH18y requirements. The Charity's assets are suffiaent to meet its obligalions. At the year end, the Pre-&*ool had accumulated funds of £57,9e6 which was mostty held in bank balartts. These funds are held to allow investment in addibonal and replacement equipment for the Pre-schoo5 and to meet arry unforeseen expenditure, such as redundancy payments, that may arise. The aim is to hold reserves that equaie to expendrture for tsvo temis, un3vo￿ab costs. The Constitution does not Specifical￿ state any Iwnitation on the C(xnmittee for the investment of surplLts fund5 and therefore suth limitations wll be govemed by Charrty law. In practice, any surplus ftjnds that are not required for immediate use are placed on inlerest-bearing d8POSit ac£ounts with the Pre-school's bankers. ThÈ Committee has considered the nsks io whth the Charity may be exposed arKI has taken reasonable sleps lo mftigate the effeds of such risks. Approved by the Commitiee on 10th December2021 and signed (ffl rts bèhaw by. JULIE LAWRENCE Chaimian RUNNYMEDE PRE-SCHOOL Chari Numbef: 301250 COMMITfEE MEMBERS AS AT 31 AUGUST 2021 Chai￿an Julte Lawren Wice Chatmw) Maureen Draper Treasurer Alison Th)mas Secretary Paula Shelly AssiSL￿1 Secretary Ruth Jones Other member5 of the Committee Amy Evers Jo Fitzmaurice Cathy Vickers Hannah Worland Cheryl Bolden Caroline Cole RUNNYMEDE PRE-SCHOOL Chari Number: 301250 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUNNYMEDE PRESCHOOL I report to the trustees on my examinalion of the accoLEnts of the above tharrty for the year ended 31 August 2027 which are sel out on pages 5 to 9. Responsibilities and basis of ftport As the charity trustees of Runnym8de Pre-schod. you are responsibk for the preparation of the accounts in accordance wilh the requirements of the Chariknes Act 2011 {Yhe A(f}. I report in resped of my examination tsf the Runnymede Pr&School accounts carried out under Section 145 of the 2011 Act and In catrying out my examinatton, I have followed all the applicable Directions given by the Charity Commtssion urKler Section 14515)Ibl of the ACL Independent examin•rfs statèment I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that Mi. arry material respect accounting ￿CordS were not kepl in respect of the Runnymgd8 Pr￿SChool as required by Secaion 130 of the Act,. or the accounts do not arxord wtth tt#)se records. l have no con￿M$ and have c￿ne across no other m8tt8r5 in connection with the examinatÈon to attention should be dr&vn in th4S feport in orderlo enable a prO￿r understanding of the accnunts to be ￿0¢￿t￿. Unit 3a. Thames Enterprise Centre Princes5 Margaret Road East TilbL*ry Essex RM18 8RH J Charnian, ACA Chartered Accountant 22 Novémber 2021 RUNNYMEDE pRE￿CHOOL Chari Number: 301250 STATEMENT OF FINANCIAL ACTIVIMES FOR THE YEAR ENDED 31 AUGUST 2021 Unrèstri¢tÈd Funds 2021 Notes 2020 SNCOMING RESOURCES Fees and grants received Olher in￿rne Bank Inte￿St recewed 158.967 1.510 10 145, 738 1.330 115 Total in￿ming resources 160.487 147, 183 RESOURCES EXPENDED Direct Charttable Expendsture: Teaching costs Welfare and education p￿mISeS Support costs 131,876 8,133 21,594 1.410 124. 122 7,355 12.859 1,340 163.013 145,677 Other Expenditure Management and admirmstr8b.on of Ihe Pre-stho 4.029 3.951 Total Resourc•s Expènded 167.042 149,628 Net Incominglloutgoingl Resour {6.555) (2,445) Total funds brought foward at 1 Sept&nber 2020 64.541 66,986 Total fvnds carri•d forward at 31 August 2021 £57,986 £64,541 CONTINUING OPERATIONS All income and expend￿Èur8 has arisen frc*m the singk continuing activty of operating as a pre-school. The notes fom) part of these financial stat&nents. RUNNYMEDE pRE￿CHOOL Chari Numl)er: 301250 BALANCE SHEET AS AT 31 AUGUST 2021 Unrestrictèd Funds 2020 Notes 2021 FIXED ASSETS Tangible fixed assets 473 1,858 CURRENT ASSETS Debtors Cash ¥t bank and in hand 71.716 84,673 71.716 84,673 CREDITORS: Amounts falling dLte wthin one year'.- Amounts Tecelved in advarKe and a07uals {14.2031 (21,990) NET CURRENT ASSETS 57.513 62,683 TOTAL NET ASSETS £57.986 £64.541 UNRESTrICTED FUNDS £57.986 £64,541 The finanrial statements were approved by the Committee on 1(Is December 2021 and sigfied on ts behalf by.. JULIE LAWRENCE Chairman The notes forni part of these fin8ncial statements. RUNNYMEDE PRE-SCHOOL Chari Number: 301250 NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNMNG POLICIES Basis of pr¥Traring the financial statèm The finanaal statements of the charty. which is a public benefrt en*fy under FRS 102. have been prepared in accordance vKth the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Re￿Mfflended Pradts applicable to rharities preparing their accounts in accordance wth the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151., Financi81 Reporling Standard 102 The Financial Reporting Standar(l applicable in the UK and Republic of Ireland. and the Charibes Ad 2011. The finar￿la4 statemenls have been prepared under the historical cost o)nvention. Tangib￿ Fixed A55ets Dep￿atIon is provided on all tangible frxed assets in use at raies and bases (xlwlated to wrste off the osl less estinated residual value of each asset over its expected usefvl lrfe. as fOll￿s.. Sheds Furniture and equipment over 10 years over 3 years Supplies of games equipment, books. stationery arKI materials costing less than Q50 individually are written off as an expense in tho year of expenditure. Fees ¢onsist of amounts recetvable. induding nufsery certificales arKI grants, for the Pre-school yèar ending August. nel of the value of free and reduced fee places. All ¥ncome is recogni5ed in the Statement of Finanual Activities once the charrty has entstlement to the funds, it is probable that the incotne wll be received and the amount can be meagjred re14abty. Expenditure Liabilities are rec￿nISed as expendrture as soon as the￿ is a legal or eonstrudive obligalion c￿mmittlng the charrty to that expendrture, rt is probable thai a transfer of econornic benefits wll be required in settlement and th8 amount of the obtigation can be measured ￿11abty. Expenditure is accounted for on all a<￿￿15 basis and has beeTr dassified under head6ngs that aggregate all cost related to the category. h8r8 Costs cannot be directty attn"buted to pariKular headings they have been allocated to activities on a basis consistent wth the use of resources. The irrecovèrable element of VAT is induded wth the item of expense to whith rt rdates. Taxation The charity is sxempt from tax on rts charrtable ￿ts¥111e$. Fund accounting Unrestricted fund5 can be *Jsed in *cordarKe the charitable obiecti.ves at the discretion of the Injslees. OTHER INCOME 2021 2020 Fund raising events Donations and similar inoxne Other income 273 1.171 398 777 155 £1.510 £1,330 RUNNYMEDE PRE-SCHOOL Chari Number: 3012SO NOTES TO THE FINANCAAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 STAFF COSTS 2021 2020 ages and salaries Stsff training and olhercosts 130,708 1.168 122,665 1,257 £131.876 £124. 122 Numbèr Number The average numberof employees in the yearwas". Teaching Part tim•/Admin￿j0n 14 13 Trustees. rÈmuneration There were no trustees. rèmuneration or other l)enefits for the year ended 31 August 2021 nor for th6 ye8r ended 31 August 2020. Trustees, expens The￿ were no trustees. expenses paid for the year ended 31 August 21Y21 nor for the year ended 31 August 2020. ANALYSIS OF TOTAL RESOURCES EXPENDED Costs Totsl 01￿cl Chantable ExpeThJiture: Teachirkg costs 131.876 131.876 Ifa 6,748 8.133 Premises 21.594 21.594 Support costs 1.410 1,410 131.876 29,752 1.385 Olher Expenditure 163.013 Administration of the chanty 4.029 4029 £131.876 £33,781 £1,385 £167,042 RUNNYMEDE PRE￿cHOoL ChaTi Number. 301250 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 TANGIBLE FIXED ASSETS FUrnI￿re and ui Sheds Total COST At 1 September 2020 Additions Disposalslscrapped 12,184 17,989 At 31 August 2021 11784 17,989 DEPRECIATI(YI At 1 September2020 Charge for year Disposal￿scraPPed 10,326 1,385 16,131 1,385 At 31 August 2021 11,711 17.516 NET BOOK VALUE At 31 August 2021 £473 £473 Al 31 A(￿￿t 2020 £1,858 £1,858 FUNDS The funds of the Prtrschwl are unrestricted and are required for day to day operational working capital, investment in addrtional and replacemeni eq¢Jipment for the Pre-school and to meet any unforeseen expenditltre, such as redundanw payments, that may arise_ The aFm 15 fo hold reserves that equate to expenditure for Nvo temis. unavoidable costs. RELATED PARry DISCLOSURES There were no related party transadions for year ended 31 Augusl 2021.