Poppets Pre-School (Little Wakering) - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 08263465 (England and Wales)

REGISTERED CHARITY NUMBER: 1150078

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

POPPETS PRE-SCHOOL (LITTLE WAKERING)

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with

the financial statements of the charity for the year ended 31 December 2019. 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the pre-school are to enhance the development and education of children primarily under statutory

school age by encouraging parents to understand and provide for the needs of their children through community groups

and by:

1) Offering appropriate play, education and care facilities and training courses, together with the right of parents to take

responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities

for all children whatever their race, culture, religion, means or ability;

2) Encouraging the study of the needs of such children and their families and promoting public interest in and

recognition of such needs;

3) Instigating and adhering to and furthering the aims and objects of the Preschool Learning Alliance.

FINANCIAL REVIEW

Reserves policy

Due to unexpected exceptional events in the previous year, the resources of the charity were eradicated.

However, actions and procedures have been put in motion to endeavour to rectify this situation, and ensure that in future

there is a reserves fund in place for any unanticipated costs.

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.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08263465 (England and Wales)

Registered Charity number

1150078

Registered office

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

Trustees

Mrs C Smith

Mrs K M Daley

Mrs N H Aruvera

Mrs H Bartlett

Mrs H Ewers

Mrs J Markham

Independent Examiner

C Spencer

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

Approved by order of the board of trustees on 15 September 2020 and signed on its behalf by:

Mrs K M Daley - Trustee

Independent examiner's report to the trustees of Poppets Pre-School (Little Wakering) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2019.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are 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 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 Company as required by section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts 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 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 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.

C Spencer

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

16 September 2020

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Grants

54,541

51,852

Other trading activities

2

9,974

14,676

Investment income

3

2

5

Total

64,517

66,533

EXPENDITURE ON

Raising funds

4

55,126

71,820

Other

-

17,612

Total

55,126

89,432

NET INCOME/(EXPENDITURE)

9,391

(22,899

)

RECONCILIATION OF FUNDS

Total funds brought forward

(18,673

)

4,226

TOTAL FUNDS CARRIED FORWARD

(9,282

)

(18,673

)

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

8

152

399

Cash at bank and in hand

16,507

13,503

16,659

13,902

CREDITORS

Amounts falling due within one year

9

(25,941

)

(32,575

)

NET CURRENT ASSETS/(LIABILITIES)

(9,282

)

(18,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,282

)

(18,673

)

NET ASSETS/(LIABILITIES)

(9,282

)

(18,673

)

FUNDS

11

Unrestricted funds

(9,282

)

(18,673

)

TOTAL FUNDS

(9,282

)

(18,673

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2020 and were signed on its behalf by:

K M Daley - Trustee

N H Aruvera - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Taxation

The charity is exempt from corporation 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.

2.	OTHER TRADING ACTIVITIES

2019

2018

£

£

Playgroup fees

9,974

14,508

Photographs, etc

-

168

9,974

14,676

3.	INVESTMENT INCOME

2019

2018

£

£

Deposit account interest

2

5

4.	RAISING FUNDS

Costs of generating income

2019

2018

£

£

Staff costs

45,539

49,084

Rent, rates, heating & lighting

4,189

16,681

Telephone

416

298

Repairs & maintenance

775

988

Toys & sundry equipment

637

1,131

Milk

82

192

Parties & special events

-

92

General running expenses

1,053

698

Support costs

2,435

2,656

55,126

71,820

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2019 nor for the year

ended 31 December 2018.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2019 nor for the year ended

31 December 2018.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2019

2018

Pre-school staff

5

5

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Grants

51,852

Other trading activities

14,676

Investment income

5

Total

66,533

EXPENDITURE ON

Raising funds

71,820

Other

17,612

Total

89,432

NET INCOME/(EXPENDITURE)

(22,899

)

RECONCILIATION OF FUNDS

Total funds brought forward

4,226

TOTAL FUNDS CARRIED FORWARD

(18,673

)

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

152

399

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

9,682

14,202

Social security and other taxes

1,167

281

Other creditors

14,612

17,612

Accrued expenses

480

480

25,941

32,575

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

3,600

3,600

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.19

in funds

31.12.19

£

£

£

Unrestricted funds

General fund

(18,673

)

9,391

(9,282

)

TOTAL FUNDS

(18,673

)

9,391

(9,282

)

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

64,517

(55,126

)

9,391

TOTAL FUNDS

64,517

(55,126

)

9,391

Comparatives for movement in funds

Net

movement

At

At 1.1.18

in funds

31.12.18

£

£

£

Unrestricted funds

General fund

4,226

(22,899

)

(18,673

)

TOTAL FUNDS

4,226

(22,899

)

(18,673

)

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

66,533

(89,432

)

(22,899

)

TOTAL FUNDS

66,533

(89,432

)

(22,899

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.18

in funds

31.12.19

£

£

£

Unrestricted funds

General fund

4,226

(13,508

)

(9,282

)

TOTAL FUNDS

4,226

(13,508

)

(9,282

)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are

as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

131,050

(144,558

)

(13,508

)

TOTAL FUNDS

131,050

(144,558

)

(13,508

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2019.

13.	GOING CONCERN

At 31 December 2019 the financial statements show negative net assets of £9,282.

This resulted from unexpected exceptional costs being incurred in the year ended 31 December 2018.

Since then, attendance has risen, costs have reduced and it is anticipated that due to these actions, the deficit will

be rectified.