2022-09-01 06498853 2023-08-31 06498853 2022-09-01 2023-08-31 06498853 uk-bus:Director1 2022-09-01 2023-08-31 06498853 uk-bus:Director1 2023-08-31 06498853 uk-bus:CompanySecretary1 2022-09-01 2023-08-31 06498853 2022-08-31 06498853 2021-09-01 2022-08-31 06498853 uk-char:TotalRestrictedIncomeFunds 2022-09-01 2023-08-31 06498853 uk-char:TotalUnrestrictedFunds 2022-09-01 2023-08-31 06498853 uk-core:WithinOneYear 2023-08-31 06498853 uk-core:WithinOneYear 2022-08-31 06498853 uk-char:TotalRestrictedIncomeFunds 2023-08-31 06498853 uk-char:TotalRestrictedIncomeFunds 2022-08-31 06498853 uk-char:TotalUnrestrictedFunds 2023-08-31 06498853 uk-char:TotalUnrestrictedFunds 2022-08-31 06498853 uk-core:LandBuildings 2022-09-01 2023-08-31 06498853 uk-core:PlantMachinery 2022-09-01 2023-08-31 06498853 uk-core:ComputerEquipment 2022-09-01 2023-08-31 06498853 uk-core:FurnitureFittings 2022-09-01 2023-08-31 06498853 uk-core:ComputerEquipment 2022-08-31 06498853 uk-core:FurnitureFittings 2022-08-31 06498853 uk-core:PlantMachinery 2022-08-31 06498853 uk-core:LandBuildings 2022-08-31 06498853 uk-core:PlantMachinery 2023-08-31 06498853 uk-core:FurnitureFittings 2023-08-31 06498853 uk-core:ComputerEquipment 2023-08-31 06498853 uk-core:LandBuildings 2023-08-31 06498853 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2022-09-01 2023-08-31 06498853 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2021-09-01 2022-08-31 06498853 uk-char:TotalUnrestrictedFunds 2021-09-01 2022-08-31 06498853 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund3 2022-09-01 2023-08-31 06498853 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2022-09-01 2023-08-31 06498853 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund3 2021-09-01 2022-08-31 06498853 uk-char:TotalRestrictedIncomeFunds uk-char:MaterialFund2 2021-09-01 2022-08-31 06498853 uk-char:TotalRestrictedIncomeFunds 2021-09-01 2022-08-31 06498853 uk-char:MaterialFund2 uk-char:TotalRestrictedIncomeFunds 2022-09-01 2023-08-31 06498853 uk-char:MaterialFund3 uk-char:TotalRestrictedIncomeFunds 2022-09-01 2023-08-31 06498853 uk-core:BetweenTwoFiveYears 2022-08-31 06498853 uk-core:BetweenTwoFiveYears 2023-08-31 06498853 uk-core:MoreThanFiveYears 2023-08-31 06498853 uk-core:MoreThanFiveYears 2022-08-31 iso4217:GBP xbrli:pure 06498853 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 06498853 uk-bus:FRS102 2022-09-01 2023-08-31 06498853 uk-bus:FullAccounts 2022-09-01 2023-08-31
(England and Wales)
Company number: 06498853
Charity number: 1139270
Borden Village Pre School Limited
For the year ended 31 August 2023
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 August 2023
Borden Village Pre School Limited
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 13
Notes to the Financial Statements
3
For the year ended 31 August 2023
Borden Village Pre School Limited
Report of the Trustees
The Trustee, who is also director for the purposes of company law, have pleasure in presenting their report and the financial
statements for the charitable company for the year ended 31 August 2023. The Trustee 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 the Republic of Ireland (FRS 102) (effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects and activities of the charitable company are to establish or secure the establishment of a pre-school and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects. The School will still strive to provide the best start for all children we can however with the financial restraints put on us it's always difficult. We did not achieve our goal of building a new sensory building due to a lack of funds. This is still our goal though. We are aiming to come up with ways of getting in more funding such as additional hours in the mornings and afternoons, this however is a balancing act with staff pay.
The trustee have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Once again, we have continued to supply a high level of performance throughout the year. We've had our latest Ofsted inspection which resulted in us achieving a Good grade.This despite the goal posts being moved each time. It seems they need to condone their roles sometimes. There are continuing pressures regarding finance for all Preschools/Nurseries as the Government refuses to take seriously the educational role we play. They still see us as glorified Child Minders although they still come up with new rules and regulations each year. My staff continue to support the Preschool in many ways even though most of them are on minimum wage.
FINANCIAL REVIEW
Reserves
Our aim is to create unrestricted reserves equivalent to six month's expenditure. This is to ensure the charity's activities can continue as a result of any unforeseen financial difficulties. Ar 31 August 2022 the charity had undesignated unrestricted funds in the sum of £70,816 (2021: £91204) which was sufficient under the terms of the above policy.
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 deti ned by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE INFORMATION
Borden Village Pre School Limited
Name of Charity
Charity registration number
1139270
06498853
Company registration number
30 St Georges Place
Principal address
Canterbury
Kent
CT1 1UT
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4
For the year ended 31 August 2023
Borden Village Pre School Limited
Report of the Trustees Continued
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Jack V Barbary
Jack V Barbary
Secretary
R. A. Dale Accounting Limited
Independent examiner
30 St Georges Place
Canterbury
Kent
CT1 1UT
Barclays Bank Plc
Bankers
81 High Street
Sittingbourne
Kent
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
27 August 2024
Jack V Barbary Secretary
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5
For the year ended 31 August 2023
Borden Village Pre School Limited
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity Trustee, who is also director for the purposes of company law, is responsible for the preparation of the accounts 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 your charity's accounts 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 examiners qualified statement
I confirm that no other 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 Company as required by section 386 of the 2006 Act; or2. the accounts do not accord with those records; or3. the accounts do not comply with the 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; or4. the accounts 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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
R. A. Dale Accounting Limited
30 St Georges Place
Canterbury
Kent
CT1 1UT
27 August 2024
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6
For the year ended 31 August 2023
Borden Village Pre School Limited
Statement of Financial Activities (including Income and Expenditure Account)
Notes
2022
2023
Restricted
funds
Unrestricted
funds
£
£
£
£
Income and endowments from:
Donations and legacies
115,399
107,863
-
115,399
2
Charitable activities
25,593
25,264
-
25,593
3
Total
140,992
133,127
-
140,992
Expenditure on:
Charitable activities
(152,898)
(19,311)
(172,209)
(172,826)
4/5
Total
(172,209)
(172,826)
(19,311)
(152,898)
(31,217)
(39,699)
(19,311)
(11,906)
Net expenditure
Reconciliation of funds
Total funds brought forward
154,900
115,201
44,385
70,816
Total funds carried forward
58,910
25,074
83,984
115,201
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7
06498853
Registered Number :
As at 31 August 2023
Borden Village Pre School Limited
Statement of Financial Position
£
£
Notes
2023
2022
Fixed assets
Tangible assets
84,682
108,272
10
84,682
108,272
Current assets
1,026
2,978
11
Debtors
Cash at bank and in hand
4,107
11,728
5,133
14,706
Creditors: amounts falling due within one year
(5,831)
(7,777)
12
Net current assets
(698)
6,929
Total assets less current liabilities
83,984
115,201
Net assets
83,984
115,201
The funds of the charity
Restricted income funds
13
25,074
44,385
Unrestricted income funds
13
58,910
70,816
Total funds
83,984
115,201
For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
27 August 2024
Jack V Barbary
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8
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Borden Village Pre School Limited 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 note(s).
Going concern
The trustee has taken account of the document "Going Concern and Liquidity Risk" Guidance for Directors of UK Companies 2009 issued by the Financial Reporting Council and believes the charitable company is a going concern. This assessment is based upon the funding available, cash in hand and the level of free reserves and income expected to be received from the services provided.
Funds
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.
Incoming resources
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.
Resources expended
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.
Charitable activites
In the opinion ot the Trustees the charity has only one activity being the operation of the pre school. In addition, all fund
raising activities and governance matters, with the exception of the Independent Examiner's tees and Trustees' insurance,
are dealt with by the Trustees and other volunteers at no cost to the charity. Therefore all support costs are considered to
be in relation to the operation of the pre school.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
After the initial set up costs, all assets costing less than £100 are written off at time of purchase. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives as follows:
8 Straight line
Land and Buildings
20 Straight line
Plant and Machinery
25 Straight line
Computer Equipment
6 of 13
9
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
20 Straight line
Motor Vehicles
15 Reducing balance
Fixtures and Fittings
Pensions
The charitable company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Operating leases
Costs of operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
2. Income from donations and legacies
2022
2023
£
£
Unrestricted funds
Donations received
107,863
115,399
107,863
115,399
3. Income from charitable activities
2022
2023
£
£
Unrestricted funds
School Fees
25,593
25,264
Income from charitable
activities
4. Costs of charitable activities by fund type
2022
2023
Restricted
funds
Unrestricted
funds
£
£
£
£
152,898
19,311
172,826
172,209
School Fees
5. Costs of charitable activities by activity type
2022
2023
£
£
Activities undertaken directly
School Fees
172,209
172,826
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10
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2023
2022
£
£
Depreciation of owned fixed assets
24,906
25,476
Staff pension contributions
2,040
2,059
7. Staff costs and emoluments
Total staff costs for the year ended 31 August 2023 were:
2023
2022
£
£
Salaries and wages
118,081
107,503
Social security costs
1,802
1,779
Pension costs
2,040
2,059
121,923
111,341
2023
2022
7
Early years practitioners
7
7
7
8. Trustee remuneration and related party transactions
During the year the wife of the trustee Jack Barbary was an employee of the charitable company, her gross pay and
employer NIC and Pension contributions totalled £30388 (2022 - £29259)
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11
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
9. Comparative for the Statement of Financial Activities
2022
Restricted
funds
Unrestricted
funds
£
£
£
Income and endowments from:
Donations and legacies
107,863
-
107,863
Charitable activities
25,264
-
25,264
Total
133,127
-
133,127
Expenditure on:
Charitable activities
(153,515)
(19,311)
(172,826)
Total
(172,826)
(19,311)
(153,515)
(39,699)
(19,311)
(20,388)
Net expenditure
Reconciliation of funds
Total funds brought forward
154,900
63,696
91,204
Total funds carried forward
70,816
44,385
115,201
10. Tangible fixed assets
Computer
Equipment
Fixtures and
Fittings
Plant and
Machinery
Land and
Buildings
Total
Cost or valuation
£
£
£
£
£
344,675
6,300
32,378
567
305,430
At 01 September 2022
1,316
197
810
309
-
Additions
(1,041)
-
(181)
-
Disposals
(1,222)
At 31 August 2023
695
33,188
5,456
344,769
305,430
Depreciation
236,403
4,736
11,667
396
219,604
At 01 September 2022
(1,222)
(1,041)
-
(181)
-
Disposals
Charge for year
24,906
836
3,154
139
20,777
260,087
4,531
14,821
354
240,381
At 31 August 2023
Net book values
At 31 August 2023
At 31 August 2022
65,049
85,826
341
171
18,367
20,711
925
1,564
84,682
108,272
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12
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
11. Debtors
2023
2022
£
£
Amounts due within one year:
Prepayments and accrued income
1,026
2,978
1,026
2,978
12. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,680
976
Accruals and deferred income
3,151
6,801
5,831
7,777
13. Movement in funds
Unrestricted Funds
Balance at
01/09/2022
Incoming
resources
Outgoing
resources
Balance at
31/08/2023
£
£
£
£
General
70,816
140,992
(152,898)
58,910
General
70,816
140,992
(152,898)
58,910
Unrestricted Funds - Previous year
Balance at
01/09/2021
Incoming
resources
Outgoing
resources
Balance at
31/08/2022
£
£
£
£
General
91,204
133,127
(153,515)
70,816
General
91,204
133,127
(153,515)
70,816
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13
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
Restricted Funds
Balance at
01/09/2022
Outgoing
resources
Balance at
31/08/2023
£
£
£
Block Paving
Playground Fund
2,695
3,291
(596)
Building Development
Fund
22,379
41,094
(18,715)
44,385
(19,311)
25,074
Restricted Funds - Previous year
Balance at
01/09/2021
Outgoing
resources
Balance at
31/08/2022
£
£
£
Block Paving
Playground Fund
3,291
3,887
(596)
Building Development
Fund
41,094
59,809
(18,715)
63,696
(19,311)
44,385
Purpose of restricted funds
Building Development Fund
A fund created from funds primarily from Kent County Council to create a new purpose built pre school.
Block Paving Playground Fund
A fund created from funds primarily from George Webb Finn and The Borden Parish Council tocreate a new block paving playground.
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14
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
14. Analysis of net assets between funds
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
59,608
(698)
58,910
General
Restricted funds
2,695
-
2,695
Block Paving Playground
Fund
22,379
-
22,379
Building Development
Fund
84,682
(698)
83,984
Previous year
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
Unrestricted funds
General
63,887
6,929
70,816
General
Restricted funds
3,291
-
3,291
Block Paving Playground
Fund
41,094
-
41,094
Building Development
Fund
108,272
6,929
115,201
15. Commitments
At 31 August 2023 the company had annual commitments under non-cancellable operating leases as set out below:
2022
£
2023
£
Operating leases which expire:
-
4,000
Within 1 year
16,000
-
Within 2 to 5 years
After more than 5 years
-
2,000
-
22,000
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15
For the year ended 31 August 2023
Borden Village Pre School Limited
Notes to the Financial Statements Continued
16. Company limited by guarantee
The company is limited by guarantee, having no share capital and in the terms of the Memorandum of Association the
member of the company undertakes to contribute to the assets of the company in the event of it being wound up he is a
member, or, within one year after he ceases to be a member, such amount as may be required not exceeding £10.
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