Charity registration number: 702282
Small Saints Pre-School
Annual Report and Financial Statements
for the Year Ended 31 August 2020
Small Saints Pre-School
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 15 |
Small Saints Pre-School
| Reference and Administrative Details | |
|---|---|
| Committee members (trustees) | Mrs J Cornwell, Chair |
| Mrs J Houghton, Treasurer | |
| Ms C Shaw, Acting Secretary | |
| Ms R Stevenson | |
| Ms T Barwell (appointed 14 January 2020) | |
| Ms K Moore (appointed 21 February 2020) | |
| Custodian trustees | Lady J Taylor, Chairperson |
| Mrs J Matthewson | |
| Ms G Graper | |
| Principal Office | The Chase |
| High Street | |
| Holbeach | |
| Spalding | |
| Lincolnshire | |
| PE12 7ED | |
| Charity Registration Number | 702282 |
| Bankers | National Westminster Bank Plc |
| 1 Market Street | |
| Wisbech | |
| PE13 1DT | |
| Independent Examiner | Bulley Davey Limited |
| Chartered Certified Accountants | |
| 33 Boston Road | |
| Holbeach | |
| Spalding | |
| Lincolnshire | |
| PE12 7LR |
Page 1
Small Saints Pre-School
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2020.
Objectives and activities
Objects and aims
The aim of the charity shall be to advance the education of children below compulsory school age by:
-
Providing safe and satisfying group play, in which parents have the right to take part. - Encouraging other charitable activities through which parents may help the children.
-
Furthering the aim of the pre-school learning alliance.
The committee members are satisifed with the progress of the charity and are confident that it will continue to meet its objectives.
Public benefit
The activities undertaken by the charity to further public benefit are set out in the key points noted above for the objects and aims of the charity.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
During the year under review the charity has met its objectives by providing the education requirements to children below compulsory school age.
The intake of children is at full capacity with a waiting list. The school provides funded places for disadvantaged two year olds in the area. The last Ofsted inspection was carried out in February 2018 and the school achieved a good report. Introduction of 30 hours for 3 to 4 year olds has reduced pupil numbers as children are doing more hours to utilise the initiative.
Financial review
During the year the charity raised £392,692 (2019 - £382,325) to carry out the objectives mentioned earlier. Of this amount £350,170 (2019 - £357,684) was used in the current year. As a result the reserves now stand at £570,267 (2019 - £527,745) of which £509,637 (2019 - £467,115) relates to unrestricted funds and £60,630 (2019 - £60,630) relates to restricted funds.
Policy on reserves
The finance committee conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund, by considering the risks associated with the various income streams, expenditure plans and balance sheet items.
This enables an estimate to be made of the level of reserves that are sufficient:
-
To allow for reorganisation in the event of a downturn of income or asset values: and
-
To protect ongoing work programmes: and
-
To further develop the buildings within the site as and when demand dictates.
The level is estimated at 6 months of the general expected budget. The reserves currently held in general funds are £157,696 which meets the objective.
Under the constitution, the charity has the power to make any investment which the committee see fit provided appropriate advice is taken from a professionally qualified person under the Financial Services Act 1986. However the committee choose to take a prudent approach and invest temporarily surplus funds in bank deposits.
Principal funding sources
The charity is funded by fees paid by the parents of the children on the roll, grants from Lincolnshire County Council and fund raising events.
Page 2
Small Saints Pre-School
Trustees' Report
Structure, governance and management
Nature of governing document
Small Saints Pre-School is an organisation constituted as a charity under a trust deed adopted on 8 June 1988 as amended on 9 November 1989 and 24 May 1995 and 22 May 2015.
Recruitment and appointment of trustees
Committee members are elected at the AGM.
The constitution states that the committee shall consist of 3 officers (Chair, Secretary and Treasurer) and that there must be not less than 2 nor more than 9 elected members.
The custodian trustees who have served during the year and since the year end have been set out on page 1. These trustees hold the lease of which the charity runs from.
Organisational structure
All aspects of the charity are managed by the committee members as set out on page 1.
A manager is appointed by the committee members to manage the day to day operations of the charity.
The committee members have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mrs J Cornwell Chair
Page 3
Small Saints Pre-School
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. 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 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 charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mrs J Cornwell Chair
Page 4
Small Saints Pre-School
Independent Examiner's Report to the trustees of Small Saints Pre-School
I report on the accounts of the charity for the year ended 31 August 2020 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The 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. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of . It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to 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 next statement.
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 Charities Act 2011; 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.
...................................... Christopher McKenna ACA
Bulley Davey Limited Chartered Certified Accountants 33 Boston Road Holbeach Spalding Lincolnshire PE12 7LR
Date:.............................
Page 5
Small Saints Pre-School
Statement of Financial Activities for the Year Ended 31 August 2020
| Note Income and Endowments from: Donations 2 Charitable activities 3 Other income 4 Investment income 5 Total Income Expenditure on: Fundraising and publicity 6 Management and administration 7 Governance costs 8 Staff costs 11 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted £ 1,193 390,594 351 554 392,692 - 66,053 3,264 280,853 350,170 42,522 467,115 509,637 |
Restricted £ - - - - - - - - - - - 60,630 60,630 |
Total 2020 £ 1,193 390,594 351 554 392,692 - 66,053 3,264 280,853 350,170 42,522 527,745 570,267 |
Total 2019 £ - 379,518 2,071 736 |
|---|---|---|---|---|
| 382,325 | ||||
| 237 76,159 2,640 278,648 |
||||
| 357,684 | ||||
| 24,641 503,104 |
||||
| 527,745 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 17.
The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
Small Saints Pre-School
(Registration number: 702282) Balance Sheet as at 31 August 2020
| Note Fixed assets Tangible assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: Amounts falling due within one year 15 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 17 |
2020 £ 229,474 4,800 340,967 345,767 (4,974) 340,793 570,267 60,630 509,637 570,267 |
2019 £ 231,217 5,079 300,204 |
|---|---|---|
| 305,283 (8,755) |
||
| 296,528 | ||
| 527,745 | ||
| 60,630 467,115 |
||
| 527,745 |
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
| ......................................... | ......................................... |
|---|---|
| Mrs J Cornwell | Ms C Shaw |
| Chair | Trustee |
The notes on pages 8 to 15 form an integral part of these financial statements. Page 7
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Small Saints Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 8
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Furniture, fixtures & fittings 15% reducing balance Plant & equipment 15% reducing balance Computer equipment 25% reducing balance
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of is established when there is objective evidence that the will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 9
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 10
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
2 Income from donations
| Donations | Unrestricted General £ 1,193 1,193 |
Total 2020 £ 1,193 1,193 |
Total 2019 £ - |
|---|---|---|---|
| - |
The total income from donations during the year was £1,193 (2019 - £Nil) of which £1,193 (2019 - £Nil) was unrestricted.
3 Income from charitable activities
| Pre-school fee income Kid's club - fee income Pupil premium Inclusion funding Government grants Grants Sales of shirts/name tape Milk rebates |
Unrestricted General £ 334,664 37,225 4,704 - 11,464 - 1,278 1,259 390,594 |
Total 2020 £ 334,664 37,225 4,704 - 11,464 - 1,278 1,259 390,594 |
Total 2019 £ 316,251 48,195 5,284 5,814 - 1,000 1,672 1,302 |
|---|---|---|---|
| 379,518 |
The total income from charitable activites during the year was £390,594 (2019 - £379,518) of which £390,594 (2019 - £379,518) was unrestricted.
4 Income from other activities
| Fundraising events Outings |
Unrestricted General £ 351 - 351 |
Total 2020 £ 351 - 351 |
Total 2019 £ 681 1,390 |
|---|---|---|---|
| 2,071 |
The total income from other activities during the year was £351 (2019 - £2,071) of which £351 (2019 - £2,071) was unrestricted.
5 Investment income
Page 11
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
| Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 554 |
Total 2020 £ 554 |
Total 2019 £ 736 |
|---|---|---|---|
The total investment income during the year was £554 (2019 - £736) of which £554 (2019 - £736) was unrestricted.
6 Expenditure on raising funds
a) Costs of generating funds
| Fundraising expenses | Total 2020 £ - |
Total 2019 £ 237 |
|---|---|---|
The total expenditure on raising funds during the year was £Nil (2019 - £237) of which £Nil (2019 - £237) was unrestricted.
7 Expenditure on management and administration
| Light, heat and power Outing expenses Refreshments and cleaning expenses Rent and rates Milk Building repairs Grass cutting Garden maintenance Consumables Telephone Equipment repairs Insurance Purchases for re-sale Running costs and miscellaneous expenses Depreciation Bank charges Legal and professional fees Lease charges Courses and training Printing, postage and stationery Learning aids |
Unrestricted General £ 6,556 - 4,933 11,464 1,056 2,694 2,175 - 6,790 1,362 531 5,318 1,523 591 6,008 507 1,788 9,141 1,987 1,629 - 66,053 |
Total 2020 £ 6,556 - 4,933 11,464 1,056 2,694 2,175 - 6,790 1,362 531 5,318 1,523 591 6,008 507 1,788 9,141 1,987 1,629 - 66,053 |
Total 2019 £ 5,927 1,310 5,411 11,797 1,553 1,307 1,845 1,975 9,148 1,163 1,661 5,241 2,170 493 6,477 601 1,690 9,140 2,349 3,371 1,530 |
|---|---|---|---|
| 76,159 |
Page 12
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
The total management and administration expenditure during the year was £66,053 (2019 - £76,159) of which £66,053 (2019 - £76,159) was unrestricted.
8 Analysis of governance and support costs
Governance costs
Unrestricted
| Accountancy fees Bookkeeping fees |
General £ 834 2,430 3,264 |
Total 2020 £ 834 2,430 3,264 |
Total 2019 £ 870 1,770 |
|---|---|---|---|
| 2,640 |
The total governance costs during the year were £3,264 (2019 - £2,640) of which £3,264 (2019 - £2,640) was unrestricted.
9 Net incoming/outgoing resources
Net incoming resources for the year include:
Depreciation
| 2020 £ 6,008 |
2019 £ 6,477 |
|---|---|
10 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
11 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Salaries Pension costs |
2020 £ 274,886 5,967 280,853 |
2019 £ 273,681 4,967 |
|---|---|---|
| 278,648 |
The total staff costs during the year were £280,853 (2019 - £278,648) of which £280,853 (2019 - £278,648) was unrestricted.
No employee received emoluments of more than £60,000 during the year
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 13
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
13 Tangible fixed assets
| Cost At 1 September 2019 Additions At 31 August 2020 Depreciation At 1 September 2019 Charge for the year At 31 August 2020 Net book value At 31 August 2020 At 31 August 2019 |
Land & buildings £ 194,903 3,785 198,688 - - - 198,688 194,903 |
Fixtures & fittings £ 63,797 - 63,797 44,685 3,066 47,751 16,046 19,112 |
Computer equipment £ 10,116 480 10,596 7,717 720 8,437 2,159 2,399 |
Plant & equipment £ 38,896 - 38,896 24,093 2,222 26,315 12,581 14,803 |
Total £ 307,712 4,265 |
|---|---|---|---|---|---|
| 311,977 | |||||
| 76,495 6,008 |
|||||
| 82,503 | |||||
| 229,474 | |||||
| 231,217 |
14 Debtors
| Trade debtors Prepayments Other debtors |
2020 £ 92 1,954 2,754 4,800 |
2019 £ 282 2,043 2,754 |
|---|---|---|
| 5,079 |
15 Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals |
2020 £ 325 3,520 307 822 4,974 |
2019 £ 2,618 3,786 1,541 810 |
|---|---|---|
| 8,755 |
16 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,967 (2019 - £4,967).
Page 14
Small Saints Pre-School
Notes to the Financial Statements for the Year Ended 31 August 2020
17 Funds
| 17 Funds | ||||
|---|---|---|---|---|
| Unrestricted General Restricted funds Property improvement fund Total funds |
Balance at 1 September 2019 £ 467,115 60,630 527,745 |
Incoming resources £ 392,692 - 392,692 |
Resources expended £ (350,170) - (350,170) |
Balance at 31 August 2020 £ 509,637 60,630 |
| 570,267 |
Unrestricted funds
Property improvement fund
The purpose of this fund is for property improvements to the charity's leased building.
| Unrestricted General Restricted funds Property improvement fund Total funds 18 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets |
Balance at 1 September 2018 £ 442,474 60,630 503,104 |
Incoming resources £ 382,325 - 382,325 Unrestricted funds General £ 229,474 285,137 (4,974) 509,637 |
Resources expended £ (357,684) - (357,684) Restricted funds £ - 60,630 - 60,630 |
Balance at 31 August 2019 £ 467,115 60,630 |
|---|---|---|---|---|
| 527,745 | ||||
| Total funds at 31 August 2020 £ 229,474 345,767 (4,974) |
||||
| 570,267 |
19 Related party transactions
During the year the charity made the following related party transactions:
Mrs J Houghton
During the year Mrs J Houghton provided book-keeping services for Small Saints Pre-School totalling £2,430 (2019 - £1,770). At the balance sheet date the amount due to/from Mrs J Houghton was £Nil (2019 - £Nil).
Page 15