Charity No. 1020250
SOUTH WOODHAM PRE-SCHOOL
ACCOUNTS FOR THE YEAR ENDED
31ST AUGUST 2024
SOUTH WOODHAM PRE-SCHOOL
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 1-2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-8 |
| Income and Expenditure Account | 9 |
SOUTH WOODHAM PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024
The trustees present their report together with the financial statements of the charity for the year ended 31st August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual and financial statements of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
The Charity is registered as No. 1020250.
Trustees
Gillian Bowyer Sharon Watkins Nicole Piper Rachel Basaras Nikita Woods
Independent Examiner
Clay Ratnage Strevens & Hills Construction House Runwell Road Wickford Essex SS11 7HQ
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Organisational Structure
The charity is administered and managed in accordance with its constitution by the members of the executive committee. The executive committee shall consist of not less than 5 members (including 3 officers) and no more than 12.
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
Objectives and Aims
The charity’s objects (“the objects”) are to focus on positive relationships with children and their families working together towards an inclusive curriculum that incorporates every age and stage of development. We aim for an atmosphere of co-operation, with respect for individual differences and community values.
Volunteers
The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision and fund raising.
-1-
SOUTH WOODHAM PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024
Achievements and Performance
The focus during this academic year has been on mental health and well-being. We have worked closely with the children in relation to emotional development.
Our level 2 and bank staff have all signed up for their level 3 qualifications.
Financial Review and Reserves
The financial results for the year are shown in the statement of financial activities on page 4.
Sharon Watkins
Treasurer
-2-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SOUTH WOODHAM PRE-SCHOOL
FOR THE YEAR ENDED 31ST AUGUST 2024
I report on the accounts of the charity for the year ended 31st August 2024 set out on pages 4 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a 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 unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with Section 130 of the 2011 Act; and
-
to prepare accounts which accord with those records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Clay Ratnage Strevens & Hills
Chartered Accountants Construction House Runwell Road Wickford Essex, SS11 7HQ
10th June 2025
-3-
SOUTH WOODHAM PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31ST AUGUST 2024
| Note | Total Funds | Total Funds | |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Incoming Resources | |||
| Incoming resources from generated funds: | |||
| Voluntary income | 3,354 | 3,925 | |
| Activities for generating funds | 2 | 1,611 | 1,902 |
| Incoming resources from charitable activities: | |||
| Government grants | 132,353 | 116,621 | |
| Fees | 45,120 | 47,993 | |
| Loyalty rewards | 9 | 9 | |
| _ | _ | ||
| Total Incoming Resources |
182,447 | 170,450 | |
| Resources Expended | |||
| Cost of generating funds | 198,340 | 174,018 | |
| _ | _ | ||
| Net (Outgoing) Resources | (15,893) | (3,568) | |
| Reconciliation of funds | |||
| Fund balances brought forward at 1 September 2023 6 | 177,771 | 181,339 | |
| _ | _ | ||
| Fund balances carried forward at 31 August 2024 | 6 | 161,878 __ |
177,771 ______ |
All the above results are derived from continuing activities.
-4-
SOUTH WOODHAM PRE-SCHOOL
BALANCE SHEET AS AT 31ST AUGUST 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed Assets | ||||
| Tangible assets | 4 | 59,194 | 59,754 | |
| Current Assets | ||||
| Debtors | 479 | 64 | ||
| Cash at bank and in hand | 133,907 | 138,616 | ||
| ___ | ___ | |||
| 134,386 | 138,680 | |||
| Creditors | ||||
| Amounts falling due within one year | 5 | (31,702) | (20,663) | |
| _ | _ | |||
| Net Current Assets | 102,684 | 118,017 | ||
| _ | _ | |||
| Net Assets | 161,878 | 177,771 | ||
| ______ | ______ | |||
| Funds | ||||
| Unrestricted Funds | 6 | 161,878 | 177,771 | |
| _ | _ | |||
| Total Funds | 161,878 ______ |
177,771 ______ |
The financial statements were approved and authorised for issue by the trustees on 10th June 2025 and signed on their behalf.
Sharon Watkins Gillian Bowyer ……………………… ………………………… Treasurer Chairperson
-5-
SOUTH WOODHAM PRE-SCHOOL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024
1. Accounting Policies
(a)
Basis of Preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
(b)
Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
(c)
Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.
(d) Tangible Fixed Assets and Depreciation
It is the charity’s policy to depreciate the assets as follows:
| Leasehold property | Nil |
|---|---|
| Equipment | 20% Straight Line Basis |
(e) Taxation
The charity is exempt from tax on its charitable activities.
(f) 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.
2. Activities for Generating Funds
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Sale of: | ||
| Uniform | 1,372 | 1,742 |
| Adventure Island Tickets | 68 | - |
| Tapestry Discs | 171 | 160 |
| ______ | ______ | |
| 1,611 | 1,902 | |
| ______ | ______ |
-6-
SOUTH WOODHAM PRE-SCHOOL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024
3. Trustees’ Remuneration and Benefits
The trustees neither received nor waived any emoluments during the year (2023: £Nil) .
Trustees’ Expenses
The trustees neither received nor waived any expenses during the year (2023: £Nil) .
4. Tangible Fixed Assets
| Leasehold | |||
|---|---|---|---|
| Property | Equipment | Total |
|
| £ | £ | £ | |
| Cost | |||
| At 1 September 2023 | 58,054 | 14,504 | 72,558 |
| Additions | - | 297 | 297 |
| ______ | ______ | ______ | |
| At 31 August 2024 | 58,054 | 14,801 | 72,855 |
| ______ | ______ | ______ | |
| Depreciation | |||
| At 1 September 2023 | - | 12,804 | 12,804 |
| Charge for year | - | 857 | 857 |
| ______ | ______ | ______ | |
| At 31 August 2024 | - | 13,661 | 13,661 |
| ______ | ______ | ______ | |
| Net book value | |||
| At 31 August 2024 | 58,054 | 1,140 | 59,194 |
| ______ | ______ | ______ | |
| At 31 August 2023 | 58,054 | 1,700 | 59,754 |
| ______ | ______ | ______ |
5. Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Payments on account |
3,784 | 3,168 |
| Taxation and social security |
111 | 230 |
| Accruals and deferred income | 26,931 | 16,550 |
| Other creditors |
876 | 715 |
| ______ | ______ | |
| 31,702 | 20,663 | |
| ______ | ______ |
-7-
SOUTH WOODHAM PRE-SCHOOL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024
| 6. | Movement in Funds | |||
|---|---|---|---|---|
| Net movement | ||||
| At 01.09.23 | in funds | At 31.08.24 | ||
| £ | £ | £ | ||
| Unrestricted funds: | ||||
| General fund | 177,771 | (15,893) | 161,878 | |
| ______ | ______ | ______ | ||
| Total funds | 177,771 | (15,893) | 161,878 | |
| ______ | ______ | ______ | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| Resources | Expended | Funds | ||
| £ | £ | £ | ||
| Unrestricted funds: | ||||
| General fund | 182,447 | 198,340 | (15,893) | |
| ______ | ______ | ______ | ||
| Total funds | 182,447 | 198,340 | (15,893) | |
| ______ | ______ | ______ |
-8-
SOUTH WOODHAM PRE-SCHOOL
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST AUGUST 2024
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Income: | ||||||
| Fees and Lunches | 45,120 | 47,993 | ||||
| Uniform | 1,372 | 1,742 | ||||
| Tapestry Discs | 171 | 160 | ||||
| Funds Raised | 3,411 | 3,925 | ||||
| Vouchers | 132,353 | 116,621 | ||||
| Other | 11 | - | ||||
| Loyalty Rewards | 9 | 9 | ||||
| _ | _ | |||||
| 182,447 | 170,450 | |||||
| Expenditure: | ||||||
| Wages and Pension | 162,757 | 142,675 | ||||
| Rent and Rates | 5,500 | 5,685 | ||||
| Purchases and Equipment | 6,697 | 5,325 | ||||
| Legal and Professional | 235 | 766 | ||||
| Training | 677 | 1,168 | ||||
| Postage and Stationery | 1,144 | 1,197 | ||||
| Computer Costs | 431 | 312 | ||||
| Accountancy Fees | 1,170 | 1,116 | ||||
| Payroll Fees | 648 | 990 | ||||
| Bank Charges | 243 | 240 | ||||
| Insurance | 1,985 | 1,602 | ||||
| Maintenance | 9,046 | 4,071 | ||||
| Light and Heat | 3,000 | 3,611 | ||||
| Telephone | 544 | 407 | ||||
| Uniforms | 1,676 | 1,831 | ||||
| Fundraising Costs | - | 20 | ||||
| Depreciation of Equipment | 857 | 987 | ||||
| Cleaning | 744 | 1,293 | ||||
| Subscriptions | 928 | 682 | ||||
| Miscellaneous | 58 | 40 | ||||
| ______ | ______ | |||||
| 198,340 | 174,018 | |||||
| ______ | ______ | |||||
| Surplus of Expenditure over Income | (15,893) | (3,568) | ||||
| ______ | ______ |
-9-