REGISTERED CHARITY NUMBER: 900256
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2020
for
Fontmell Magna Under Fives
Adrian Thompson & Co 18-20 High Street Shaftesbury Dorset SP7 8JG
Fontmell Magna Under Fives
Contents of the Financial Statements for the Year Ended 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Fontmell Magna Under Fives
Report of the Trustees
for the Year Ended 31 August 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 900256
Principal address
Blandfords Farm West Street Fontmell Magna Shaftesbury Dorset SP7 0PF
Trustees
L Grigg R Perrett (resigned 30.11.20) A West M Capper
Independent Examiner
Adrian Thompson & Co 18-20 High Street Shaftesbury Dorset SP7 8JG Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ L Grigg - Trustee
Page 1
Independent Examiner's Report to the Trustees of Fontmell Magna Under Fives
Independent examiner's report to the trustees of Fontmell Magna Under Fives
I report to the charity trustees on my examination of the accounts of Fontmell Magna Under Fives (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 independent 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.
A D N Thompson Adrian Thompson & Co 18-20 High Street Shaftesbury Dorset SP7 8JG
Date: .............................................
Page 2
Fontmell Magna Under Fives
Statement of Financial Activities for the Year Ended 31 August 2020
| 31.8.20 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 600 Other trading activities 2 150,698 Total 151,298 EXPENDITURE ON Raising funds 3 818 Charitable activities Overheads 136,824 Depreciation - Total 137,642 NET INCOME 13,656 RECONCILIATION OF FUNDS Total funds brought forward 183,558 TOTAL FUNDS CARRIED FORWARD 197,214 |
31.8.19 Total funds £ 3,961 141,497 145,458 479 128,576 693 129,748 15,710 167,848 183,558 |
|---|---|
The notes form part of these financial statements
Page 3
Fontmell Magna Under Fives
Balance Sheet
31 August 2020
| 31.8.20 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 117,240 CURRENT ASSETS Cash at bank and in hand 85,727 CREDITORS Amounts falling due within one year 8 (5,753) NET CURRENT ASSETS 79,974 TOTAL ASSETS LESS CURRENT LIABILITIES 197,214 NET ASSETS 197,214 FUNDS 9 Unrestricted funds 197,214 TOTAL FUNDS 197,214 |
31.8.19 Total funds £ 116,057 71,225 (3,724) 67,501 183,558 183,558 183,558 183,558 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Capper - Trustee
The notes form part of these financial statements
Page 4
Fontmell Magna Under Fives
Notes to the Financial Statements for the Year Ended 31 August 2020
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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and 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 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 5
Fontmell Magna Under Fives
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
2. OTHER TRADING ACTIVITIES
----- Start of picture text -----
||||
|---|---|---|
|31.8.20|31.8.19|
|£|£|
|Fees|150,435|141,389|
|Bank interest received|20|16|
|Sale of goods|243|92|
|150,698|141,497|
|RAISING FUNDS|
|Raising donations and legacies|
|31.8.20|31.8.19|
|£|£|
|Support costs|296|-|
----- End of picture text -----
3. RAISING FUNDS
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|31.8.20|31.8.19|
|School staff|-|10|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
|||
|---|---|
|Unrestricted|
|funds|
|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and legacies|3,961|
|Other trading activities|141,497|
|Total|145,458|
|EXPENDITURE ON|
|Raising funds|479|
|Charitable activities|
|Overheads|128,576|
|Depreciation|693|
|Total|129,748|
----- End of picture text -----
continued...
Page 6
Fontmell Magna Under Fives
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 September 2019 Additions At 31 August 2020 DEPRECIATION At 1 September 2019 Charge for year At 31 August 2020 NET BOOK VALUE At 31 August 2020 At 31 August 2019 |
Freehold property £ 116,055 - 116,055 - - - 116,055 116,055 |
Fixtures and fittings £ 2,458 1,478 3,936 2,457 295 2,752 1,184 1 |
Unrestricted funds £ 15,710 167,848 183,558 Computer equipment Totals £ £ 2,695 121,208 - 1,478 2,695 122,686 2,694 5,151 - 295 2,694 5,446 1 117,240 1 116,057 |
|---|---|---|---|
continued...
Page 7
Fontmell Magna Under Fives
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Depreciation TOTAL FUNDS |
At 1.9.19 £ 183,558 183,558 Incoming resources £ 151,298 151,298 At 1.9.18 £ 167,848 - 167,848 167,848 |
31.8.20 31.8.19 £ £ 3,448 1,421 2,305 2,303 5,753 3,724 Net movement At in funds 31.8.20 £ £ 13,656 197,214 13,656 197,214 Resources Movement expended in funds £ £ (137,642) 13,656 (137,642) 13,656 Net movement At in funds 31.8.19 £ £ 16,403 184,251 (693) (693) 15,710 183,558 15,710 183,558 |
|---|---|---|
9. MOVEMENT IN FUNDS
continued...
Page 8
Fontmell Magna Under Fives
Notes to the Financial Statements - continued
for the Year Ended 31 August 2020
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Depreciation TOTAL FUNDS |
Incoming resources £ 145,458 - 145,458 145,458 |
Resources Movement expended in funds £ £ (129,055) 16,403 (693) (693) (129,748) 15,710 (129,748) 15,710 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Depreciation TOTAL FUNDS |
At 1.9.18 £ 167,848 - 167,848 167,848 |
Net movement in funds £ 30,059 (693) 29,366 29,366 |
At 31.8.20 £ 197,907 (693) 197,214 197,214 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Depreciation TOTAL FUNDS |
Incoming resources £ 296,756 - 296,756 296,756 |
Resources Movement expended in funds £ £ (266,697) 30,059 (693) (693) (267,390) 29,366 (267,390) 29,366 |
|---|---|---|
continued...
Page 9
Fontmell Magna Under Fives
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
Page 10
Fontmell Magna Under Fives
Detailed Statement of Financial Activities for the Year Ended 31 August 2020
| Detailed Statement of Financial Activities for the Year Ended 31 August 2020 |
||
|---|---|---|
| 31.8.20 | 31.8.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Fund raising | 600 | 3,961 |
| Other trading activities | ||
| Fees | 150,435 | 141,389 |
| Bank interest received | 20 | 16 |
| Sale of goods | 243 | 92 |
| 150,698 | 141,497 | |
| Total incoming resources | 151,298 | 145,458 |
| EXPENDITURE | ||
| Other trading activities | ||
| Purchases | 522 | 479 |
| Charitable activities | ||
| Wages | 110,987 | 103,259 |
| Pension contributions | 2,670 | 1,245 |
| Materials and equipment | 3,569 | 4,097 |
| Repairs and renewals | 2,830 | 499 |
| Rent and rates | 6,000 | 6,544 |
| Insurance and PAA membership | 769 | 1,152 |
| Light and heat | 1,822 | 1,914 |
| Telephone and website costs | 1,053 | 956 |
| Postage and stationery | 1,908 | 2,621 |
| Cleaning | 687 | 100 |
| Sundries | 255 | 164 |
| Refreshments and outings | 1,081 | 2,373 |
| Depreciation of tangible fixed assets | 15 | - |
| Support costs | 133,646 | 124,924 |
| Finance | ||
| Bank charges | 40 | 20 |
| Depreciation of tangible fixed assets | 296 | 693 |
| Governance costs | 336 | 713 |
| Accountancy | 1,300 | 1,152 |
| Legal fees | 1,838 | 2,480 |
| 3,138 | 3,632 | |
| Total resources expended | 137,642 | 129,748 |
| Net income | 13,656 | 15,710 |
This page does not form part of the statutory financial statements
Page 11