**Charity Registration No. 700333** 

**Company Registration No. 04540155 (England and Wales)** 

# **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 JULY 2021** 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Trustees** Mrs C L Higgs Mrs S C Johnson Mrs M Ramsden Miss G Scaife Mrs K L Knowles Miss C L Jackson **Charity number** 700333 **Company number** 04540155 **Principal address** Old Town School High Street Silkstone Barnsley S75 4LR **Registered office** Bank Chambers Market Street Huddersfield HD1 2EW **Auditor** Simpson Wood Limited Bank Chambers Market Street Huddersfield HD1 2EW **Bankers** Santander Plc Bootle Merseyside L30 4GB 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent auditor's report|5 - 6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 - 14|
|Income and expenditure account|15|





## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

The trustees present their  annual  report and financial statements for the year ended 31 July 2021. 

The accounts have been prepared in accordance with the accounting policies set out in note  1 to the accounts and comply with the constitution, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. 

## **Objectives and activities** 

The Pre-School's objectives are: 

- To encourage learning through play in a caring, safe and enthusiastic environment. 

- To create an environment which has the highest standard of care and education for our children. 

- To work in partnership with parents and carers to achieve our goals. 

The Pre-School has a policy to encourage children's learning through play, creativity and by creating opportunities to express opinions and make friends. This is intended to make the Pre-school an enjoyable experience for everyone. 

Children are eligible to attend the playgroup at the start of the term following their second birthday. 

The Pre-School has policies regarding: 

>  Admissions 

- Positive behaviour 

- Child protection 

- Safety 

- Equal opportunities 

- Bullying and harassment in the workplace 

- Special needs 

- Health 

- Hygiene 

- Aims and objectives 

- Fire procedures 

- Fees 

The trustees have  paid due regard to guidance issued by the Charity Commission in deciding what activities the Pre-School should undertake. 

## **Achievements and performance** 

Silkstone Pre-School had another successful year, despite the changes and challenges brought by the Covid-19 pandemic in the second half of the year. 

In the first half of the year, pre-school held a Halloween get together and Christmas show, where the children performed and sang beautifully.  These get togethers were well attended and the very generous donations from parents and carers are gratefully received as always, contributing to extra resources for the children.  Little did we know at that time that the second half of the year would be so different. 

The second half of the year saw the early impact of the Covid-19 pandemic.  During the first Covid-19 lockdown, pre-school remained open only for the children of key workers and vulnerable children.  Great care was taken to ensure staff and children safety through implementation of new procedures and limiting staff numbers.  Despite the new procedures, and rapid changes to our routines, the children adapted wonderfully and spent lots of time in the fresh air, enjoying the summer sun. 

We are extremely pleased that we were able to open our doors fully and welcome back all of our children ahead of the summer break.  This meant that we were able to support and prepare our pre-school leavers for their big step into primary school. 

- 1 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **Achievements and performance (continued)** 

By the end of July 2020, there were 7 members of staff.  Sadly, Kathryn and Alek left us during the year.  Kathryn, our former pre-school manager retired in April, and Alek left to pursue other professional ventures.  We welcomed Claire, our new pre-school manager.  Claire led pre-school through the uncertainty of the Covid-19 pandemic with the support of Grace and the team.  Grace, Jess, Sarah, Kerry and Sally have continued to be a great credit to pre-school.  Every member of staff works incredibly hard to ensure that setting is a fun, safe and caring environment for children to thrive and reach their full potential in their preparation for the next step in their education.  Their hard work, dedication and commitment are recognised and very much appreciated by the Committee. 

We are a small community, and pre-school’s thoughts are with all those who have suffered and lost loved ones throughout the pandemic.  The Committee thank the dedication of staff and the support and understanding of parents and carers during this uncertain time. 

## **Financial review** 

The result for the year after all the activities was a  deficit of £12,624 and  this has been  funded from reserves. 

The charity ensures it carries enough reserves at the bank to cover the salary costs for the term ahead of it. It derives its funding on a quarterly basis and the Trustees are happy the reserves plus funding will allow the charity to pay its liabilities. 

It is the policy of the Pre-School that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the  Pre-School ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. 

The trustees have assessed the major risks to which the Pre-School is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

## **Structure, governance and management** 

The Pre-School is a company limited by guarantee, dependant upon parent volunteers to serve on the committee and act as both directors and trustees. 

The trustees, who are also the directors for the purpose of company law, and who served during the year  and up to the date of signature of the financial statements  were: 

Mrs C L Higgs Mrs S C Johnson Mrs M Ramsden Mrs H Sinclair (Resigned 19 April 2021) Miss G Scaife Mrs K L Knowles Miss C L Jackson 

The Pre-School holds its AGM each year at which time trustees can be voted onto the board of trustees. The selection policy is one of a proposal and a seconding for each trustee elected. A trustee could also be appointed at any time subsequent to the AGM with the above proposal procedures. 

None of the trustees has any beneficial interest in the company. 

- 2 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

**TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **Auditor** 

In accordance with the company's articles, a resolution proposing that Simpson Wood Limited be reappointed as auditor of the company will be put at a General Meeting. 

The trustees'  r eport was approved by the Board of  Trustees. 

## **Mrs C L Higgs** 

Trustee Dated: 6 April 2022 

- 3 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

## _**FOR THE YEAR ENDED 31 JULY 2021**_ 

The trustees, who are also the directors of Silkstone Pre-School Playgroup Limited for the purpose of company law,  are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Pre-School and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. 

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PreSchool will continue in operation. 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Pre-School and enable them to ensure that the financial statements  comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Pre-School and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

- 4 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **INDEPENDENT AUDITOR'S REPORT** 

## **TO THE TRUSTEES OF SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **Opinion** 

We have audited the financial statements of Silkstone Pre-School Playgroup Limited (the ‘Pre-School’) for the year ended 31 July 2021 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including  FRS 102  "The Financial Reporting Standard applicable in the UK and Republic of Ireland"  (United Kingdom Generally Accepted Accounting Practice) . 

- In our opinion, the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 July 2021 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the Pre-School in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: 

- the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or 

- the trustees have  not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Pre-School’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements  are authorised for issue. 

## **Other information** 

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

- 5 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- the information given in the financial statements is inconsistent in any material respect with the trustees' r eport; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the  s tatement of trustees'  r esponsibilities, the trustees, who are also the directors of the Pre-School for the purpose of company law, are  responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the  trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are  responsible for assessing the PreSchool’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor's responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities is available on  the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor's report. 

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

|**for and on behalf of Simpson Wood Limited**|6 April 2022|
|---|---|
|**Chartered Accountants**||
|**Statutory Auditor**|Bank Chambers|
||Market Street|
||Huddersfield|
||HD1 2EW|



Simpson Wood Limited is eligible for appointment as auditor of the Pre-School by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006 

- 6 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

|||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2021**|**2020**|
||**Notes**|<br>**£**|**£**|
|**Income and endowments from:**||||
|Charitable activities|**2**|145,495|179,295|
|Investments|**3**|1|145|
|Other income|**4**|-|10,000|
|**Total income**||145,496|189,440|
|**Expenditure on:**||||
|Charitable activities|**5**|158,120|152,130|
|**Net (expenditure)/income for the year/**||||
|**Net movement in funds**||(12,624)|37,310|
|Fund balances at 1 August 2020||137,688|100,378|
|**Fund balances at 31 July 2021**||125,064|137,688|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

- 7 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **BALANCE SHEET** 

## _**AS AT 31 JULY 2021**_ 

|**Notes**<br>**Fixed assets**<br>Tangible assets<br>**8**<br>**Current assets**<br>Debtors<br>**9**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within**<br>**one year**<br>**10**<br>Net current assets<br>**Total assets less current liabilities**<br>**Income funds**<br>Unrestricted funds|**2021**<br>**£**<br>4,220<br>125,788<br>130,008<br>(12,105)|**£**<br>7,161<br>117,903<br>125,064<br>125,064<br>125,064|**2020**<br>**£**<br>5,007<br>130,881<br>135,888<br>(4,554)|**£**<br>6,354<br>131,334<br>137,688<br>137,688<br>137,688|
|---|---|---|---|---|



The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2021, although an audit has been carried out under section 144  of the Charities Act 2011. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 

The financial statements were approved by the Trustees on 6 April 2022 

Mrs C L Higgs Mrs K L Knowles **Trustee Trustee** 

## **Company Registration No. 04540155** 

- 8 - 



**SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **1 Accounting policies** 

## **Charity information** 

Silkstone Pre-School Playgroup Limited is a company limited by guarantee, dependant upon parent volunteers to serve on the committee and act as both directors and trustees. 

## **1.1 Accounting convention** 

The accounts have been prepared in accordance with the Pre-School's governing document,  the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Pre-School is a Public Benefit Entity as defined by FRS 102. 

The Pre-School has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The  financial statements are prepared in sterling , which is the functional currency of the  Pre-School . Monetary a mounts  in these financial statements are  rounded to the nearest £. 

The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the  trustees have  a reasonable expectation that the PreSchool has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees  continue  to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

## **1.4 Incoming resources** 

Income is recognised when the Pre-School is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the Pre-School has been notified of the donation, unless performance conditions require deferral of the amount.  Income tax recoverable in relation to donations received under  Gift Aid or  deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the Pre-School has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business . 

## **1.5 Resources expended** 

These are costs incurred on the Pre-School's charitable operations, including support costs. 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. 

- 9 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **1 Accounting policies** 

**(Continued)** 

## **1.6 Tangible fixed assets** 

Tangible fixed assets  are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Fixtures, fittings & equipment 15% on written down value Computer equipment 25% on cost Motor vehicles 25% on written down value 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities . 

## **1.7 Impairment of fixed assets** 

At each reporting end date, the  Pre-School  reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . 

## **1.8 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.9 Employee benefits** 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

Termination benefits are recognised immediately as an expense when the  Pre-School is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## **1.10 Retirement benefits** 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

- 10 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **2 Charitable activities** 

|||**Income**|<br>**Income**|
|---|---|---|---|
|||**from**|<br>**from**|
|||**operating**|<br>**operating**|
|||**activities**|<br>**activities**|
|||**2021**|<br>**2020**|
|||**£**|<br>**£**|
||Funding|107,745|<br>130,612|
||Fees|19,973|<br>21,699|
||Fund raising|4|<br>993|
||Lunch and after school club|17,773|<br>25,965|
||Other income|-|<br>26|
|||145,495|<br>179,295|
|**3**|**Investments**|||
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**2021**|2020|
|||**£**|£|
||Interest receivable|1|145|
|**4**|**Other income**|||
|||**Total**|Unrestricted|
||||funds|
|||**2021**|2020|
|||**£**|£|
||Government Grants|-|10,000|



- 11 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **6 Charitable Activities** 

||**Expenditure**|**Expenditure**|
|---|---|---|
||**towards the**|**towards the**|
||**charity's**|**charity's**|
||**objectives**|**objectives**|
||**2021**|**2020**|
||**£**|**£**|
|Staff Costs|121,006|126,186|
|Depreciation and impairment|1,630|1,819|
|Training|532|230|
|Recreational materials|3,033|898|
|Snacks and milk|2,192|570|
|Rent and rates|773|1,582|
|Light and heat|5,121|3,157|
|Water|878|874|
|Repairs and renewals|3,442|2,758|
|Telephone|760|774|
|Stationery and postage|261|868|
|Insurance|2,116|2,457|
|Audit and accountancy|6,646|4,230|
|Bank charges|151|150|
|Sundry expenses|1,892|2,892|
|Motor expenses|2,470|1,558|
|Other charitable expenditure|5,217|1,127|
||158,120|152,130|
||158,120|152,130|



## **6 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Pre-School during the year. 

- 12 - 



**SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

## **7 Employees** 

## **Number of employees** 

The average monthly number of employees during the year was: 

|Full time<br>Part time<br>**Employment costs**<br>Wages and salaries<br>Other pension costs|**2021**<br>**Number**<br>4<br>4<br>8<br>**2021**<br>**£**<br>118,222<br>2,784<br>121,006|**2020**<br>**Number**<br>4<br>3<br>7<br>**2020**<br>**£**<br>122,973<br>3,213<br>126,186|
|---|---|---|



There were no employees whose annual remuneration was £60,000 or more. 

## **8 Tangible fixed assets** 

|**Fixtures,**<br>**fittings &**<br>**equipment**<br>**Computer**<br>**equipment**<br>**Motor vehicles**<br>**£**<br>**£**<br>**£**<br>**Cost**<br>At 1 August 2020<br>13,602<br>5,169<br>14,344<br>Additions<br>1,766<br>671<br>-<br>At 31 July 2021<br>15,368<br>5,840<br>14,344<br>**Depreciation and impairment**<br>At 1 August 2020<br>10,019<br>4,987<br>11,755<br>Depreciation charged in the year<br>683<br>300<br>647<br>At 31 July 2021<br>10,702<br>5,287<br>12,402<br>**Carrying amount**<br>At 31 July 2021<br>4,666<br>553<br>1,942<br>At 31 July 2020<br>3,583<br>182<br>2,589|**Total**<br>**£**<br>33,115<br>2,437<br>35,552<br>26,761<br>1,630<br>28,391<br>7,161<br>6,354|
|---|---|



- 13 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LIMITED** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2021**_ 

|**9**<br>**Debtors**<br>**Amounts falling due within one year:**<br>Trade debtors<br>Prepayments and accrued income<br>**10**<br>**Creditors: amounts falling due within one year**<br>Trade creditors<br>Other creditors<br>Accruals and deferred income|**2021**<br>**£**<br>1,992<br>2,228<br>4,220<br>**2021**<br>**£**<br>3,410<br>1,593<br>7,102<br>12,105|**2020**<br>**£**<br>1,897<br>3,110<br>5,007<br>**2020**<br>**£**<br>1,748<br>434<br>2,372<br>4,554|
|---|---|---|



## **11 Related party transactions** 

## **Remuneration of key management personnel** 

The remuneration of key management personnel is as follows. 

|**2021**|**2020**|
|---|---|
|**£**|**£**|
|26,722|28,584|



- 14 - 



## **SILKSTONE PRE-SCHOOL PLAYGROUP LTD** 

## **INCOME AND EXPENDITURE ACCOUNT** 

## _**FOR THE YEAR ENDED 31 JULY 2021**_ 

|**_FOR THE YEAR ENDED 31 JULY 2021_**<br>|**_FOR THE YEAR ENDED 31 JULY 2021_**<br>|**_FOR THE YEAR ENDED 31 JULY 2021_**<br>|
|---|---|---|
|_____________________________________________________________________________________|||
||**2021**|**2020**|
||**£**<br>**£**|**£**|
|**INCOME**|||
|Funding|107,745|130,612|
|Fees|19,974|21,699|
|Fund raising|4|993|
|Lunch/out of school club|17,773|25,965|
|Commission received|-|26|
|Bank interest|1|145|
|Covid grant|-|10,000|
||_______|_______|
|Total incoming resources|145,497|189,440|
|**RESOURCES EXPENDED**|||
|Wages|118,222|122,972|
|Pension contributions|2,784|3,213|
|Training|533|234|
|Recreational materials (inc books and toys)|3,033|898|
|Snacks and milk|2,192|570|
|Rent and rates|773|1,581|
|Light and heat|5,121|3,157|
|Water|878|874|
|Repairs and renewals|3,442|2,758|
|Telephone|760|774|
|Stationery and postage|261|868|
|Insurance|2,116|2,457|
|Motor expenses|2,470|1,558|
|Travel expense|-|5|
|Audit and accountancy|6,646|4,230|
|Professional fees|586|-|
|Subscriptions|2,054|1,121|
|Depreciation|1,630|1,819|
|Bank charges|151|149|
|Sundries|1,892|2,892|
|Bad debts written off|2,577|-|
||_______|_______|
|Total resources expended|158,121|152,130|
||_______|_______|
|**NET MOVEMENT OF FUNDS**|**(£12,624)**|**£37,310**|
||_______|_______|
|BALANCE OF FUND AT 31 JULY 2020|£137,688|£100,378|
||_______|_______|
|**BALANCE OF FUND AT 31 JULY 2021**|**£125,064**|**£137,688**|
||**_______**|**_______**|




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