Charity registered number 1017425 Marshfield Pre-school Report and Accounts 31 August 2024 Marshfleld Pre-school Registerèd number: Annual report of the trustee3 1017425 Marshfield pre-school is a registered charity (number 10174251. The chariws registered addre8S IS Marshfield Pre-school, Hayfield, Marshfield. Chippenham, SN14 8RA ObJe¢tive of the charlty The objective of Marshfleld Pre-school is lo offer accessible childc8r6 for all (through low prleing) and lo provlde children with the opportunity lo loarn through play, meellng the teaching guid8lin8s for chlldr8n of pre-school age. 11 provides 8 high standard of Care and rèceived a good OFSTED report in 2019. The pre-school is a w811 useol and vital facility In Marshfleld, enabling children lo mix wllh olh6r local chSldren, dev61op soci81 skills and make friends wlth whom they will attend the local primary school. We also provide a hollday club for all children from 2-11 years. We are open from 7.308m lo 6pm 51 w&8ks of the year. Tru8t•88 The trust memb8rs who held offlce last year w8re.' A Ch8rry-Wllliam8 C Loney J Moor8 G Hollls N Hoop8r M Edwards Aehlovomenta durlng the ygar Durlng the year w& Invested In new f&nclng around our front garden lo Improve the Safety and 86curlly of our chlldren. Work also 81arted on updating our back garden lo br￿nglI back lo full use and enhanc8 our forest school. R••ervas Pollcy Th&re are re8orv&s of £150.464 12023 £126,259). Of thesè funds 11 Is con8ld8red prudent lo m8int8ln 8 working capllal reserv8 of £15,000. Future projects whlch wlll a180 requlre 80me of Ihls reserve Include refurbishm&nl of th& back garden. Th& Trusle&s daclded that an Emergency fund should always be hold on deposit and only used If the Pre-school fac&s financlal hard8hip. Should Ihl8 money be needed fundralslng 8vonts wlll b8 held lo replace It as soon as posslble, Obllgatlon8 of the Tru8tee$ Marshfi8ld Pro-school raSsed money and received grants lo bulld an extension lo Marshfleld Community ¢&nlr&. The extension was complelgd In January 2004. The extension owned by Marshfield Community Association (reglstered charity 297306) and the Pre-school has commltted to 15 year lease which started on 19 January 2004, and Is currently In the proGe8s of being renewed. Marshfield Pre-school Reglst8red number: Annual report of the trust8es 1017425 Trust•es' Responslbilitles The Trustees are required under the Charities Act 1993 to prepare accounts for 8ach financial year which give a true and fair view of the charlly's financial aclivilles during the year and of its posilion at the end of the y68r (unless the charity is entitled lo prepare accoLJnls on the all8rnallve receipts and payments basis}. In preparlng accounts glvlng a true and falr vlew, the trustees should follow bost practice and.. select suitablè accounllng policies and apply them consistently, make Judgements and èsllmales that are reasonable and prud8nl, 8tat8 whelh8r applicable accounllng standards and 6talem8nls of recomm8nd8d practice havé been followed, 8ubj8¢1 to any departures dlsclo8ed and explained in the accounts, pr8par8 the accounts on a going concern basis unl888 11 is appropriate to presume that the charity will continue in operallon. The Trustees are responslblè for kèepSng Bccounling records whlch disclose wllh reasonable 8¢curacy the financlal po811ion of the charlly and whlch enab18 them lo ascertaln the flnanclal posillon of the charSty and whlch enable them lo ensure that the accounts comply with appllcable 18w and rogulallons. They are also responslble for safeguardlng the 8ssels of the chanly and hence for taking reasonable steps for hte prevention and d&lection of fraud and olh8r Irr8gularllles. Th18 report wa8 approved by the Iru8le88 on date and slgned on Ihelr behalf. A Cherry-Wllllam8 Chalrperson Mayshfield Pre-school Independent Examiner's Report Independent Examiner's report to the Trusteess of Mar6hfield Pre-school W6 ￿port on the accounts of the charity for Ihg year end8d 31 August 2024, which are set out on the pagé8 4 to 8 Re•pectlve Re8ponslblllte8 of Tru$te8$ and Examln8r As the charity's Truslo8s you are responsible for the preparation of the accounts, you con$id8r that the audit r&qulremenl of section 43121 of tho Charllies Act 19931"Ihe Act") does not apply. 11 Is my rèsponslbilily to slate, on the basis of procedures specified In th8 Géneral Direcllons g5ven by the Charity Commissioners under secllon 4317) of the Act, whalher partlcular mall&r8 have come to my attention. Ba814 of Indep•nd•nt Ex8mln•es Report Our examination was carried out In accordancè wlth General Dlreclions given by the Ch8rlly Commlssloners. An examlnallon Includes revlew of the accounllng records kept by the charlly and a comp8rlson of the accounts presented with thos8 récords. 11 also includes consld&rallon of any unsual items or dlsclosure in leh accounts, and seekin9 explanallons from you as Trustees W8 have not cgrrled out an audS1 or any other r6view, and con88quènlly w6 do not expr888 any oplnlon on these accounts. Independent Examlnerf• Statement In connectlon wlth my examln8tion, no matter hgs come to to my att8ntlon', 1. Whlch glv8s me r8880nable ¢au88 to bellev8 that In any m8lerlal respect the requirementB'. lo keep a¢countlng r6¢orsd In 8ccordanc& wllh 8eclion 41 of the Act, and to prepare accounts which accord wllh the accounllng re¢ord8 and to comply wlth the accounllng requirements of the Act, except as disclosed In Note 1181 of the a¢couns, have not b88n mal, or 2. To whlch, In my opinlon, attention should be drawn to enable proper understandlng of the accounts lo be reached. Karen Sayers Llmiled Chartered Accountan18 29 Silver st￿et Colerne Wills SN14 8DY ¢Jate Marshfleld Pre-S¢hool Incomè and Expenditure for the year ended 31 August 2024 Not•8 2024 2023 Income 268,349 222,693 Direct expenses {17,2821 {15,748} Surplu• 251,067 206,945 Adminislralive expenses Other operating Income 1229,3141 1,490 (207,992) 3,985 23,243 2,938 Interest raceivable 962 250 Surplusl{doflclt) for tha yoar 3,188 Marshfield Pre4¢hool Balance Sheet as at 31 August 2024 Note• 2024 2023 Flxed a88Ot8 Tanglble a88&ls 28.696 31,884 Current asset• D8btors Cash al bank and in hand 10,626 155,603 166,229 6,947 103,708 110,655 Credltors: amounts falllng du• wlthln one yoar 144,4811 116,280) Nèt ¢urrnnt a886t• 121,768 94,375 Net a•80ts 150464 126,259 Funds of the Charlty Emergency Fund General Fund 28,000 122,464 8,000 118,259 Total roservo8 150 464 126,259 A Cherry Williams Approved by the Truslges on dale Marshfleld Pre.School NotOS to the Accounts for th8 year 8nded 31 August 2024 1 Accountlng pollcl•8 Ba81$ of prewr4Ytlon Tho accounts hav6 b8en preparèd on thg ac¢ruals bas1$. Income In¢omo repr98ents Ihg valu&()f grants reeeivod and lees charged for servic08 supplied. Depr•¢latlon Dopreci81ion has b$en provided 01 the followng r81ts8 in ordgr lo vffile off Ihg a88el8 ovtrr Ih¥ir &3llmaled useful lives. Equlpm•nl Land and bulldlng 25% slrhlghl Ilnt stralghl Ilne over the perlod of th• leas& P•n8lons The company operates a deflned contribution penslon schemè. Conlribullona arè Charged to th& profll Bnd1088 account as they become payable In acoordance wllh the rules ol the 8ch8mè. 2 Op•ratlng proflt 2024 2023 Th1818 8t8led eftar chargSng'. Depmclatlon ol own8d fixod a588ts 3,188 3 Tanglbl• flx•d *•••t• Lind and bulldlng Co•t Al 1 September 2023 Al 31 Augu812024 58,796 D•pr•c5atlon At 1 S¢pt8mbor 2023 Charge lor the year Al 31 August 2024 23,912 3,188 Ngt book v41u• Al 31 Augugt 2024 28,696 Al 31 Augu8t 2023 31.884 4 D•btoro 2024 2023 Trade debtors Provislon for bad debts 13.008 12,3821 10,626 9,329 12,3821 6,947 arshfleld Pre-school Note$ to the Accounts for thg year ended 31 August 2024 5 Cr•dltors: amount8 falllng du• wlthln one y•ar 2024 2023 Trade creditor8 Olhfjr taxes and so¢ial 880urity co818 Other creditors 1,738 701 42,022 44.461 S76 704 15,000 16,280 6 Fund• Gon•ral Ern•rgen¢y Al 1 S&plAmber 2023 Surplus for th& y&ar Tran8fer Al 31 Augu812024 718.259 24,205 120,0001 122,4fj4 8,000 20,000 28,000 Marshfleld Pre-school Detalled income and expenditure for the year ended 31 Augusl 2024 2024 2023 Incomg 268,349 222,693 Dlrect costs {17,282) (15,748) Gro88 Incomg 251,067 206,945 Adminlslrative expenses Other op6rallng incom8 {229,314) 1,490 (207,992) 3,985 Op•ratlng surplus Inl&re81 rocelvabl& 23,243 2,938 962 250 Surplu• 3,188 Marshfield Pre4chool Delalled income and 8xpendlture for the year ended 31 August 2024 2024 2023 Income Member's Fees Revenue grant Nursery grant Dlnner Money Fundraislng 143,690 627 109,862 13,054 651 465 268 349 116,438 94.441 10,453 931 430 222 693 Dlract CO8t$ School DSnners For681 school Hollday club expen888 Consumable8 12,953 45 344 3,940 17.282 12,025 3,723 15,748 Admlnl•tratlvo oxpen•o• Employee c081s'. Wages and salarl88 Pen8lon8 Employer's Nl Staff training and welfare Travel and subslslence PLA Insur8nce Course Fees and Manuals Uniform8 Glft8 and Staff Incenllve8 AGM costs Compul8r costs DBS Check 181,501 2,903 8,055 1131 117 2,038 948 287 201 37 250 273 196,597 149,905 2,469 4,829 716 39 2,047 2.842 1,279 258 61 360 Prem19es costs: Rent Waste Llght and heal 164,805 6,778 1,038 2,058 9,874 7,050 1,094 3,500 11,644 Marshfield Pre-school Detalled Income and expenditure for the year Ènded 31 August 2024 2024 2023 General adminislralive expenses.. Telephone and fax Postage Slalionery and prinllng Informallon and publicalioT7S Subscrlptions Bank charges Equipment exp8n8ed Software Websi16 Repairs and malnl8nan¢e Depreciation Bad debts Ofsled reglslrallon Events Sundry exp8ns&s 992 960 871 838 827 140 1,430 1,467 421 8,864 3,188 2,360 220 676 674 22,132 806 159 1,656 1.546 88 19,023 3,188 220 1,274 407 30,774 Legal and prof&8slon81 costs.. Ac¢ounlancy f8&8 SolicStors fees Advertlslng and PR 360 324 178 867 1,369 351 711 229,314 207.992 Other op8ratlng Incom• Othèr operallno Income 1,490 10