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COMPANY REGISTRATION NUMBER: 06363642
CHARITY REGISTRATION NUMBER: 1126151
Shepperton Pre-School Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2023
Shepperton Pre-School Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2023
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
5
Statement of financial position
6
Notes to the financial statements
7
Shepperton Pre-School Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023 .
Reference and administrative details
Registered charity name
Shepperton Pre-School Limited
Charity registration number
1126151
Company registration number
06363642
Principal office and registered
Pre-School Hut
office
Glebeland Gardens
Shepperton
Middlesex
TW17 9DH
The trustees
Mrs S Morris
Mrs A Bosman
Ms J Bulatovic
C S Morris
G R D Lansdale
Miss C L Palmer
Mr A K L Venning
Mrs E C Davis
Independent examiner
Sue Woodgate
42 St Nicholas Drive
Shepperton
Surrey
TW17 9LD
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.
Recruitment and appointment of new trustees
Trustees are recruited from members of the Pre-School as well as members of the local community. Trustees are invited to continue their commitment to the charity even after their children have moved on from the setting, to ensure continuation of the objectives and achievements of the Pre-School.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
Our objectives are to promote the well-being and development of children across all areas of learning through the provision of the Early Years Foundation Stage curriculum at the Pre-School to children particularly, but not exclusively, within the Shepperton area.
Significant Activities
We are a sessional Pre-School providing care for children aged 2 years 7 months old to 5 years old.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Charitable Activities
With a pedagogy of In The Moment Planning Shepperton Pre-school follow the children's interests with appropriate adult provocation and intervention. This focuses on supporting all children as individuals which in turn helps them to develop all areas of learning and really supports them in getting ready for school. Working in partnership with parents, carers and local schools our aim is for each child to achieve their own individual potential and gain and develop skills that they will need and use at at school. Shepperton Preschool focuses on the social, emotional and mental health of all children in their care in order to support the children to build resilience. This has been vital in the aftermath of the Covid-19 pandemic which has had a huge impact on the team and families of Shepperton Preschool.
Financial review
During the year the Pre-school had a deficit of £12,939 (2022- deficit £20,899). The deficit is due to an increase in staff salaries to the National Living Wage along with an increase from 13 to 15 team members within the setting. The trustees are confident that the pre-school remains on a firm financial footing and at no point in the year did reserves fall below the minimum level as set in the Reserves Policy below.
Reserves policy
There is a policy to maintain reserves at a minimum of £30,000 at any point during the year. Budgets are prepared to ensure Shepperton Pre-School achieves adequate financial performance whilst continuing to provide outstanding quality.
Principal funding sources
The income of the organisation during the year consisted of fees, government funding for the provision of pre-school places and grants from Surrey Early Years.
Future Developments
Through training and development of staff, and recognising outstanding performance, the charity will
continue to build on its longstanding success, The involvement of parents to further develop fundraising activities is central to the company's success. Maintaining a prudent investment policy and careful management of costs will support further enhancement of provision, thus meeting the expectations of the local community.
The trustees' annual report and the strategic report were approved on 14 December 2023 and signed on behalf of the board of trustees by:
Mrs S Morris
Trustee
Shepperton Pre-School Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Shepperton Pre-School Limited
Year ended 31 August 2023
I report to the trustees on my examination of the financial statements of Shepperton Pre-School Limited ('the charity') for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the company (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 accounts of the company 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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:
1. accounting records were not kept in respect of the charity 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 accounts to be reached.
Sue Woodgate Independent Examiner
42 St Nicholas Drive Shepperton Surrey TW17 9LD
14 December 2023
Shepperton Pre-School Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2023
2023
2022
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
11,943
11,943
21,657
Charitable activities
6
154,962
154,962
150,712
Other trading activities
7
3,930
3,930
1,714
Investment income
8
29
29
1
---------
---------
---------
Total income
170,864
170,864
174,084
---------
---------
---------
Expenditure
Expenditure on charitable activities
9,10
182,664
182,664
194,585
Other expenditure
12
1,139
1,139
398
---------
---------
---------
Total expenditure
183,803
183,803
194,983
---------
---------
---------
---------
---------
---------
Net expenditure and net movement in funds
( 12,939)
( 12,939)
( 20,899)
---------
---------
---------
Reconciliation of funds
Total funds brought forward
94,351
94,351
115,250
---------
---------
---------
Total funds carried forward
81,412
81,412
94,351
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Shepperton Pre-School Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Current assets
Debtors
16
450
400
Cash at bank and in hand
84,330
106,628
--------
---------
84,780
107,028
Creditors: amounts falling due within one year
17
3,368
12,677
--------
---------
Net current assets
81,412
94,351
--------
--------
Total assets less current liabilities
81,412
94,351
--------
--------
Net assets
81,412
94,351
--------
--------
Funds of the charity
Unrestricted funds
81,412
94,351
--------
--------
Total charity funds
19
81,412
94,351
--------
--------
For the year ending 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 December 2023 , and are signed on behalf of the board by:
Mrs S Morris
Mr A K L Venning
Trustee
Trustee
Shepperton Pre-School Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Pre-School Hut, Glebeland Gardens, Shepperton, Middlesex, TW17 9DH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fortunately the charity has spent several years building up reserves to give it a strong financial basis and in the opinion of the trustees the global pandemic will not have a significant financial impact on the charity's position going forwards.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £10 to the company should it be wound up.
5. Donations and legacies
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Donations
Donations
7,067
7,067
8,116
8,116
Grants
Inclusion grant
4,400
4,400
Early Intervention grant
3,057
3,057
9,141
9,141
Other grants
1,819
1,819
--------
--------
--------
--------
11,943
11,943
21,657
21,657
--------
--------
--------
--------
6. Charitable activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fees received
28,239
28,239
21,223
21,223
Local Authority funding
124,846
124,846
127,216
127,216
Discretionary funding
1,877
1,877
2,273
2,273
---------
---------
---------
---------
154,962
154,962
150,712
150,712
---------
---------
---------
---------
7. Other trading activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fundraising events
3,930
3,930
1,714
1,714
-------
-------
-------
-------
8. Investment income
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Bank interest receivable
29
29
1
1
----
----
----
----
9. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Running of Pre-school
163,528
163,528
148,035
148,035
Support costs
19,136
19,136
46,550
46,550
---------
---------
---------
---------
182,664
182,664
194,585
194,585
---------
---------
---------
---------
10. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2023
Total fund 2022
£
£
£
£
Running of Pre-school
163,528
19,136
182,664
194,585
---------
--------
---------
---------
11. Analysis of support costs
Analysis of support costs for running the pre-school
Total 2023
Total 2022
£
£
£
Premises
13,654
13,654
41,380
Communications and IT
776
776
738
General office
2,248
2,248
2,747
Finance costs
117
117
127
Governance costs
2,340
2,340
1,558
--------
--------
--------
19,135
19,135
46,550
--------
--------
--------
12. Other expenditure
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Fundraising costs
1,139
1,139
398
398
-------
-------
----
----
13. Independent examination fees
2023
2022
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
645
595
Other financial services
938
963
-------
-------
1,583
1,558
-------
-------
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
£
£
Wages and salaries
148,011
136,753
Employer contributions to pension plans
1,751
1,405
---------
---------
149,762
138,158
---------
---------
The average head count of employees during the year was 13 (2022: 13 ). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Number of staff - type 1
13
13
----
----
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
15. Trustee remuneration and expenses
No remuneration was paid to any trustee during the year for services as a trustee.
During the year remuneration of £40,535 (2022 - £37,855) was paid to Mrs S Morris as allowed in a provision within the governing document of the charity, for services as manager of the pre-school. Pension contributions of £1,029 (2022 - £1,265) were also paid in respect of Mrs S Morris .
16. Debtors
2023
2022
£
£
Prepayments and accrued income
450
400
----
----
17. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
736
10,550
Social security and other taxes
2,632
2,127
-------
--------
3,368
12,677
-------
--------
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 1,751 (2022: £ 1,405 ).
19. Analysis of charitable funds
Unrestricted funds
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
General funds
94,351
170,864
(183,803)
81,412
--------
---------
---------
--------
At 1 September 2021
Income
Expenditure
At 31 August 2022
£
£
£
£
General funds
115,250
174,084
(194,983)
94,351
---------
---------
---------
--------
20. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Current assets
84,780
84,780
Creditors less than 1 year
(3,368)
(3,368)
--------
--------
Net assets
81,412
81,412
--------
--------
Unrestricted Funds
Total Funds 2022
£
£
Current assets
107,028
107,028
Creditors less than 1 year
(12,677)
(12,677)
---------
---------
Net assets
94,351
94,351
---------
---------