2023-08-31-accounts

Charity registered number 1017425

Marshfield Pre-School

Report and Accounts

31 August 2023

Marshfield Pre-School Registered number: 1017425 Annual report of the trustees

Marshfield pre-school is a registered charity (number 1017425). The charity's registered address is Marshfield Pre-school, Hayfield, Marshfield, Chippenham, SN14 8RA

Objective of the charity

The objective of Marshfield Pre-School is to offer accessible childcare for all (through low pricing) and to provide children with the opportunity to learn through play, meeting the teaching guidelines for children of pre-school age. It provides a high standard of care and received a good OFSTED report in 2019. The pre-school is a well used and vital facility in Marshfield, enabling children to mix with other local children, develop social skills and make friends with whom they will attend the local primary school. We also provide a holiday club for all children from 2-11 years. We are open from 7.30am to 6pm 51 weeks of the year.

Trustees

The trust members who held office last year were:

A Cherry-Williams C Loney D Beechey E Cousins A McKee

Achievements during the year

During the year we invested in new fencing arounf our front garden to improve the safety and security of our children. Work also started on updating our back garden to bring it back to full use and enhance our forest school.

Reserves Policy

There are reserves of £126,259 (2022 - £123,071). Of these funds it is considered prudent to maintain a working capital reserve of £15,000. Future projects which will also require some of this reserve include refurbishment of the back garden.

The Trustees decided that an Emergency fund should always be held on deposit and only used if the Pre-school faces financial hardship. Should this money be needed fundraising events will be held to replace it as soon as possible.

Obligations of the Trustees

Marshfield Pre-school raised money and received grants to build an extension to Marshfield Community centre. The extension was completed in January 2004. The extension owned by Marshfield Community Association (registered charity 297306) and the Pre-school has committed to a 15 year lease which started on 19 January 2004, and is currently in the process of being renewed.

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Marshfield Prtsschool Registernd numhr: Annual r•port of the trustees 1017425 TnJst•8s' RgsponsSbllltles The Trustees are required under the Charibes Act 1993 to prepare a(tounts lor eath financial year which 94ve a true and fair view olthe charitys financkql athÈbes duriThJ the y8ar and of its posibon at Ihe end of Ihe ￿ar lunless Ihe charity is enblknj to prepare accounts on thè attemativ8 r￿Ipts and payrnerkts basis). In preparing amwnts gNiNJ a true fair the trvstse5 shouhl folbw best practsce and.. select suitable aC(￿nting poliues and appty Ihem consistenty, make judgetnenls and e$bmates that are reasonable and prudenL 8tste whether apPI￿￿trAe ac¢wntÈng standards and siatements of rwmmended practtc& have been followed, subjecl to any departur85 disck)sed antl explained in the aco)unts. prepar8 the actounts on 8 going CA)n￿M basi5 unk888 it is appropn.ate to presume that the charity will continue in operation. Th& TnJste8s a￿ resp￿sIble for keeping acc¥)unb"ThJ recLYd5 whith disdose vitth reasonatAe accuracy Ihe fnartcial posil*)n ol thè tharity and ￿1¢h enatA8 them to ascertain the finanoal p0S￿On ofthe tharity and whKh enable them to ensure thai th8 aC￿nts comply with appliG4ble law and regulations. They a￿ also reSponsi￿e for safeguardirwj Ihe assets ol the tharity and hence lor taknng reasonable stepts for hte kxeventsm aThJ d8teclTh ol frathy aThJ oth ivegulariti85. Thi8 report was approved ty Ihe truslee5 on date and ￿ned on lh￿r ￿half. A Cherry-William8 ChaIrpar￿n oa1041&4

Marshfield Pre-School Independent Examiner's Report

Independent Examiner's report to the Trusteess of Marshfield Pre-School

We report on the accounts of the charity for the year ended 31 August 2023, which are set out on the pages 4 to 6

Respective Responsibilites of Trustees and Examiner

As the charity's Trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unsual items or disclosure in teh accounts, and seeking explanations from you as Trustees We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to to my attention:

1. Which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting recorsd in accordance with section 41 of the Act, and

3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, except as disclosed in Note 1(a) of the accouns, have not been met, or

4. To which, in my opinion, attention should be drawn to enable proper understanding of the accounts to be reached.

Karen Sayers Limited Chartered Accountants

29 Silver Street Colerne Wilts SN14 8DY

2 April 2024

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Marshfield Pre-School

Income and Expenditure for the year ended 31 August 2023

Notes Income Direct expenses Surplus Administrative expenses Other operating income 2 Interest receivable Surplus/(deficit) for the year	2023 £ 222,693 (15,748) 206,945 (207,992) 3,985 2,938 250 3,188	2022 £ 177,431 (10,419)
		167,012 (169,131) 516
		(1,603) 8
		(1,595)

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Marshfield Pre-School

Balance Sheet as at 31 August 2023

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds of the Charity Emergency Fund General Fund 6 Total reserves	2023 £ 31,884 6,947 103,708 110,655 (16,280) 94,375 126,259 8,000 118,259 126,259	2022 £ 35,072 5,860 82,707 88,567 (568) 87,999 123,071 8,000 115,071 123,071	2022 £ 35,072 5,860 82,707 88,567 (568) 87,999 123,071 8,000 115,071 123,071
			123,071
			8,000 115,071
			123,071

A Cherry Williams

Approved by the Trustees on 2 April 2024

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Marshfield Pre-School Notes to the Accounts for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared on the accruals basis.

Income

Income represents the valueof grants received and fees charged for services supplied.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment 25% straight line Land and building straight line over the period of the lease

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2	Operating profit	2023	2022
		£	£
	This is stated after charging:
	Depreciation of owned fixed assets	3,188	3,188
3	Tangible fixed assets

2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets	2023 £ 3,188	2022 £ 3,188
Cost At 1 September 2022 At 31 August 2023 Depreciation At 1 September 2022 Charge for the year At 31 August 2023 Net book value At 31 August 2023 At 31 August 2022 4 Debtors Trade debtors Provision for bad debts	2023 £ 9,329 (2,382) 6,947	Land and buildings £ 55,796
		55,796
		20,724 3,188
		23,912
		31,884
		35,072
		2022 £ 8,242 (2,382)
		5,860

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Marshfield Pre-School Notes to the Accounts

for the year ended 31 August 2023

5 Creditors: amounts falling due within one year Trade creditors Other taxes and social security costs Other creditors 6 Funds At 1 September 2022 Surplus for the year At 31 August 2023	2023 £ 576 704 15,000 16,280 2023 £ 123,071 3,188 126,259	2022 £ - - 568
		568

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Marshfield Pre-School

Detailed income and expenditure for the year ended 31 August 2023

Income Direct costs Gross income Administrative expenses Other operating income Operating surplus/(deficit) Interest receivable Surplus/(deficit)	2023 £ 222,693 (15,748) 206,945 (207,992) 3,985 2,938 250 3,188	2022 £ 177,431 (10,419)
		167,012 (169,131) 516
		(1,603) 8
		(1,595)

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Marshfield Pre-School

Detailed income and expenditure for the year ended 31 August 2023

Income Member's Fees Nursery grant Dinner Money Fundraising Donation Direct costs School Dinners Holiday club expenses Consumables Administrative expenses Employee costs: Wages and salaries Pensions Employer's NI Staff training and welfare Travel and subsistence PLA Insurance Course Fees and Manuals Uniforms Gifts and Staff Incentives AGM costs Computer costs Entertaining Premises costs: Rent Waste Light and heat	2023 £ 116,438 94,441 10,453 931 430 222,693 12,025 - 3,723 15,748 149,905 2,469 4,829 716 39 2,047 2,842 1,279 258 61 360 - 164,805 7,050 1,094 3,500 11,644	2022 £ 117,934 53,180 5,578 658 81
		177,431
		7,641 45 2,733
		10,419
		126,713 2,211 3,348 - - 1,905 430 152 440 - 76 108
		135,383
		6,324 860 -
		7,184

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Marshfield Pre-School

Detailed income and expenditure for the year ended 31 August 2023

General administrative expenses: Telephone and fax Stationery and printing Information and publications Subscriptions Bank charges Equipment expensed Software Website Repairs and maintenance Depreciation Ofsted registration Events Sundry expenses Legal and professional costs: Accountancy fees Solicitors fees Advertising and PR Other legal and professional Other operating income Other operating income	2023 £ 960 838 9 806 159 1,656 1,546 88 19,023 3,188 220 1,274 407 30,174 324 178 867 - 1,369 207,992 3,985	2022 £ 845 356 - 748 100 15,628 1,438 - 1,943 3,188 220 224 44
		24,734
		300 - 1,415 115
		1,830
		169,131
		516

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