Charity registration number 1127983
Company registration number 06772134 (England and Wales)
YAXLEY AND MELLIS PRE-SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
YAXLEY AND MELLIS PRE-SCHOOL
LEGAL AND ADMINISTRATIVE INFORMATION
Committee
Mrs S Partridge
Mrs K Turner
Mrs A Hindmarch
(Appointed 10 May 2023)
Mrs C Bloomfield
(Appointed 10 May 2023)
Secretary
Mrs C Bloomfield
Charity number
1127983
Company number
06772134
Principal address
Yaxley Road
Mellis
Eye
Suffolk
IP23 8DY
Registered office
Mellis Cevcp School
Yaxley Road
Mellis
Eye
Suffolk
IP23 8DY
Independent examiner
Waveney Accountants Limited
T/as Newman & Co
Chartered Accountants
4b Church Street
Diss
Norfolk
IP22 4DD
YAXLEY AND MELLIS PRE-SCHOOL
CONTENTS
Page
Committee's report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 12
YAXLEY AND MELLIS PRE-SCHOOL
COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 1 -

The committee present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's deed of trust, 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)

Objectives and activities

We are regulated by Ofsted, governed by the Early Years Framework and are members of the Preschool Learning Alliance. The Preschool was inspected by Ofsted after the year end in May 2019 and we were very pleased to be awarded 'Good' under the grading criteria.

 

The preschool's purpose is to provide education in compliance with the Statutory Framework for Early Years Foundation Stage for children aged 24 to 60 months. Our aim is to constantly monitor our service and ensure we strive to provide the best possible early years education we can.

 

We are positioned between the Yaxley and Mellis villages, set inside the grounds of Mellis Church of England Voluntary Controlled Primary school. The preschool maintains close links with the Primary school. This ensures an excellent and seamless transition to the Primary education system. Parental feedback and initial teaching assessments praises the ease at which our children have settled in to school life.

 

Our long term objective is promoting inclusion and working in partnership with each child's parents or carers. Families of all attending children are strongly encouraged to participate in aspects of the preschool through parent interactions days, fundraising and school trips.

 

The committee have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.

Significant activities

 

Yaxley & Mellis Pre-School were able to relish with being outside covid and really expand on fundraising, commence with stay and plays for parents, have day trips and invest in staff supervisions and more training. We were able to provide our staff members with well being sessions run by one of our Directors.

 

The setting was busy with various fundraising activities, notably the Christmas Market event which was a first and a great success.

 

In terms staff changes, the Preschool Manager decided to not return from maternity leave towards the end of summer. The Directors appointed the interim manager as Preschool Manager and appointed another staff member as Deputy permanently.

 

The relationship with the school grew stronger with more school transitions sessions able to happen, with both preschool children attending the school and teachers visiting the setting.

 

 

 

Public benefit

In all decision making the trustees have had due regard to the guidance published by the Charity Commission in relation to public benefit.

YAXLEY AND MELLIS PRE-SCHOOL
COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
Achievements and performance

The children took part in the Mellis Mile in the spring, where the children did a sponsored walk and this was very successful. Our parents and Directors did cake sales at the end of term which raised money for the children's resources. All staff members took part in supporting the preschool stool at the Mellis Primary school summer fete. As Christmas grew closer it brought several fundraising opportunities which included Christmas Card making and sales, the Christmas hamper and the Christmas Fayre.

 

 

 

Financial review

The preschool is principally funded by the Government. A before and after school club has generated additional income to ensure that the setting is able to operate sustainably.

It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and four month’s expenditure. The committee considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’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 preschool has no investments.

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

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

 

The committee, 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 S Partridge
Mrs A Young
(Resigned 10 May 2023)
Mrs C Bloomfield
(Resigned 1 November 2022)
Mrs K Turner
Mrs Laura Hubble
(Appointed 1 November 2022 and resigned 10 May 2023)
Mrs A Hindmarch
(Appointed 10 May 2023)
Mrs C Bloomfield
(Appointed 10 May 2023)

Recruitment and appointment of new trustees

The committee are all volunteers who give up their time to take on roles. The minimum members to maintain the preschool as per Ofsted guidelines is 5. At close of 2021 we have 6 committee members made up of 4 Directors 1 Secretary and 1 parent member.

 

Induction and training of new trustees

The committee have no formal training or induction and roles are taken and learnt as the year progresses. We adhere to the Preschools 'suitable person' policy. We have in place the minimum of Chairperson, Secretary, Treasurer and Ofsted nominated person as well as one volunteer in order to continue as a preschool.

 

YAXLEY AND MELLIS PRE-SCHOOL
COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -

Decision making

All aspects of the preschool are discussed with the committee and decisions are all voted on to ensure the best outcome for the preschool. We hold regular Directors only meetings to discuss all aspects of the preschool, including strategy, staff wages, staffing levels and policies. The Chair person also has a series of 1:1 meetings with staff to ensure good information dissemination and support team working strategies.

 

The committee's report was approved by the Board of Committee.

Mrs K Turner
Trustee
29 September 2023
YAXLEY AND MELLIS PRE-SCHOOL
INDEPENDENT EXAMINER'S REPORT
To The Committee Of Yaxley And Mellis Pre-School
- 4 -

I report to the committee on my examination of the financial statements of Yaxley And Mellis Pre-school (the ) for the year ended 31 December 2022.

Responsibilities and basis of report

As the committee of the (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no 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 as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

Wayne Goddard FCCA ACA CTA
T/as Newman & Co
Chartered Accountants
4b Church Street
Diss
Norfolk
IP22 4DD
Dated: 29 September 2023
YAXLEY AND MELLIS PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2022
2022
2022
2021
2021
2021
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
-
-
-
-
115
115
Charitable activities
3
112,125
-
112,125
122,381
450
122,831
Other trading activities
4
2,034
-
2,034
1,067
-
1,067
Total income
114,159
-
114,159
123,448
565
124,013
Expenditure on:
Charitable activities
5
115,780
-
115,780
104,391
565
104,956
Net (expenditure)/income for the year/
Net movement in funds
(1,621)
-
(1,621)
19,057
-
19,057
Fund balances at 1 January 2022
56,181
276,847
333,028
37,124
276,847
313,971
Fund balances at 31 December 2022
54,560
276,847
331,407
56,181
276,847
333,028

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.
YAXLEY AND MELLIS PRE-SCHOOL
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 6 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
10
269,115
274,551
Current assets
Debtors
11
8,721
2,172
Cash at bank and in hand
53,763
57,726
62,484
59,898
Creditors: amounts falling due within one year
12
(192)
(1,421)
Net current assets
62,292
58,477
Total assets less current liabilities
331,407
333,028
Income funds
Restricted funds
276,847
276,847
Unrestricted funds - general
54,560
56,181
331,407
333,028

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 December 2022.

The Directors/Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the Committee on 29 September 2023
Mrs K  Turner
Trustee
Company registration number 06772134
YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 7 -
1
Accounting policies
Charity information

Yaxley And Mellis Pre-school is a private company limited by guarantee incorporated in England and Wales. The registered office is Mellis Cevcp School, Yaxley Road, Mellis, Eye, Suffolk, IP23 8DY.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's deed of trust, 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 is a Public Benefit Entity as defined by FRS 102.

 

The 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 . Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the committee have a reasonable expectation that the pre-school has adequate resources to continue in operational existence for the foreseeable future. Thus the committee 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 committee in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4
Income
Income is recognised when the 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 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 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.
1.5
Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relating 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.

YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 8 -
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:

Freehold land and buildings
2% on cost
Fixtures, fittings and equipment
25% on cost

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 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
Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 9 -
1.10
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 is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Donations and legacies
Total
Restricted
funds
2022
2021
£
£
Donations and gifts
-
115
3
Charitable activities

Pre-school

Income

Pre-school

Income

2022
2021
£
£

Fees

53,832
38,200

Clubs & activities

811
558

Funding

57,482
84,073
112,125
122,831
Analysis by fund
Unrestricted funds - general
112,125
122,381
Restricted funds
-
450
4
Other trading activities
Unrestricted
Unrestricted
funds
funds
general
general
2022
2021
£
£
Fundraising events
2,034
1,067
YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 10 -
5
Charitable activities

Pre-school

Expenditure

Pre-school

Expenditure

2022
2021
£
£
Depreciation and impairment
6,295
6,158

Wages

88,729
83,348
Pensions
2,967
2,896

Clubs & activities

920
565
98,911
92,967
Share of support costs (see note 6)
16,869
11,989
115,780
104,956
Analysis by fund
Unrestricted funds - general
115,780
104,391
Restricted funds
-
565
For the year ended 31 December 2021
Unrestricted funds - general
104,391
Restricted funds
565
104,956
6
Support costs
Support costs
Governance costs
2022
Support costs
Governance costs
2021
£
£
£
£
£
£

Sundry expenses

440
-
440
680
-
680

General running & maintenance

9,333
-
9,333
7,673
-
7,673

Equipment & materials

6,836
-
6,836
2,411
-
2,411

Training & courses

260
-
260
1,225
-
1,225
16,869
-
16,869
11,989
-
11,989
Analysed between
Charitable activities
16,869
-
16,869
11,989
-
11,989
7
Committee
None of the committee (or any persons connected with them) received any remuneration or benefits from the during the year.
YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 11 -
8
Employees

The average monthly number of employees during the year was:

2022
2021
Number
Number
7
7
There were no employees whose annual remuneration was more than £60,000.
9
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10
Tangible fixed assets
Freehold land and buildings
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 January 2022
291,598
19,677
311,275
Additions
-
860
860
At 31 December 2022
291,598
20,537
312,135
Depreciation and impairment
At 1 January 2022
17,496
19,229
36,725
Depreciation charged in the year
5,832
463
6,295
At 31 December 2022
23,328
19,692
43,020
Carrying amount
At 31 December 2022
268,270
845
269,115
At 31 December 2021
274,102
449
274,551

 

11
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
8,721
2,172
12
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
192
1,421
YAXLEY AND MELLIS PRE-SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 12 -
13
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2022
2022
2022
2021
2021
2021
£
£
£
£
£
£
Fund balances at 31 December 2022 are represented by:
Tangible assets
845
268,270
269,115
449
274,102
274,551
Current assets/(liabilities)
62,292
-
62,292
58,477
-
58,477
63,137
268,270
331,407
58,926
274,102
333,028
14
Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

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