ST ANDREWS PRE-SCHOOL TRUSTEES’ ANNUAL REPORT The Trustees present their annual report and unaudited financial statements for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s governing document, the Charities Act 2011, and the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in July 2014. ## **Structure, governance and management** St Andrews Pre-School is an unincorporated charity committee run pre-school. The charity was originally set up in 1975 and adopted The Pre-School Learning Alliance Model Constitution 2011 at the Extraordinary General Meeting in April 2017. The daily responsibilities of the Pre-School are overseen by the Pre-School Leader, Mrs G Mowatt with guidance from the members of the Management Committee. The Management Committee, made up of Trustees, meet approximately Bi-monthly to address any matters relating to the management of the PreSchool. ## **Objectives and activities** The charity’s objectives 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: offering appropriate play, education and care facilities, family learning and extended hours groups, 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; encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; instigating and adhering to and furthering the aims and objects of the pre-school learning alliance As required by section 17(5) of the Charities Act 2011 the Trustees have considered the guidance published by the Charity Commission in respect of public benefit. They believe that the Charity's objective, as set out above, falls within the definitions of charitable purposes in the Act and that the activities as set out above contribute to meeting that objective. ## **Achievements and financial performance** The Pre-School has continued to thrive and be a valuable asset to the local community. Thanks to the dedicated Manager and staff who ensure that the pre-school runs as effectively as possible. Thanks also to the Committee Members, parents and volunteers for giving up their time freely, organising fundraising events and supporting Pre-school activities. Income: Overall income rose by 21.8% in the year. Fee income increased by 22% at the expected level, Fundraising and grant income was up 18%. Expenditure: Employment costs increased by 18.7% on the previous year. Other direct costs decreased by 7.1%. Overheads decreased overall by 4.5%, mainly due to the Utilities increase in the previous year. We expect overheads to increase and further increases in Staff costs for the forthcoming year. The Pre-School is mindful of any further wage increases to ensure staff retention and keeping the services viable. Furthermore, any items and services purchased are sourced as reasonably priced as possible, whilst bearing in mind their durability. - 1 - ST ANDREWS PRE-SCHOOL TRUSTEES’ ANNUAL REPORT The Pre-School continues to work closely with the Local Authorities and supports families and children with a wide range of needs. In line with Ofsted regulations, staff have accessed online training, keeping abreast of changes in legislation, practices and new safeguarding measures. Training has also been undertaken to ensure renewal of certificates held, maintaining the rolling programme of staff qualifications. Despite an increase in direct costs, modest savings in other areas and a rise in income have contributed to a higher surplus generated by the Pre-School. For the year, the surplus totals £21,093 (2023 = £10,209). The cash funds generated have been retained with cash funds at the year end. ## **Reserves Policy** The finances of The Pre-School are reliant on voluntary fundraising and the number of children enrolled in each year. However, The Pre-School has no contractual commitments or obligations beyond the notice period applicable to the staff. Therefore, it is the policy of the Pre-school to maintain unrestricted funds, which are the free reserves of The Pre-School, at a minimum level equal to three months' employment costs. This equates to approximately £30,000. Unrestricted funds were maintained at this level throughout the year. ## **Statement of Trustees' responsibilities** Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently to observe the methods and principles in the Charities SORP (FRS 102); make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993, as amended by the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 10 June 2025 signed on their behalf by: Samantha Mowatt Trustee - 2- Reglstered Charity No: 1022398 St Andrews Pre-school Accounts 31 August 2024 st Andrews Pre-school Contents Page Approval statement Accountants, report Income and expenditure account Balance sheet Notes to the accounts st Andrews Pre-school Approval statement We approve the accounts for the year ended 31 August 2024 vthich Comprise of the Income and Expenditu￿ Account, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriatene55 of the applicable financial reporting framework as set out in note 1, and for providing Donovan Atyeo with all infom)ation and explanations necessary for u)eir compilatson. Treasurer ChaiTperson Date St Andrews Pre4chool Accountants. report on the unaudited accounts to St Andrews Pre-school Yoii have spproved the aecountg for the ygar ended 31 August 2024 which ctsmprise the Incomg and Expendilure Account. the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us. onovan Accountan & Taxation Servi Unit 4. Hounsell Building North Mills Trading Estate Bridport Dorset DT6 3BE 14 May 2025 St Andrews Pre-school Income and Expenditure Account for the year ended 31 August 2024 2024 2023 Income 162.394 133,339 Direct costs 120.985 103,527 41.409 29,812 Expenses Other wages, salaries and other staff costs Car. van and travèl expenses Rent. rates, power and insurance costs Repairs and renewals of property and equipment Telephone. fax. Stationery and other office costs Accountancy, legal and other professional fees Depreciation and lossl(profit) on sale other business expertses 3.150 48 11.992 273 621 1.574 1.335 1.323 1,633 13.009 558 458 1,687 1,285 973 20.316 19,603 Surplus for the year 21,OY3 IU,2UY st Andrews Pre-school Balance Sheet as at 31 August 2024 Notes 2024 2023 Fixed assets Equipment. machinery and motor vehides 7,571 5.560 Current assets Stock and work in progress Bank- current account Bank- deposit account Bank- fundraising account Cash in hand Other current assets and prepayThents 87 78.307 30.393 24,006 145 763 133,701 94.900 30.817 23.290 76 17 149.156 Current liabilities Receipls-in-advance Other liabilities and accruals 13.674 5.536 19.210 17.229 5,608 22,837 Ng1 current assets 129.946 110.864 Nel assgts 137.517 116,424 Capltal account Surplus brought forward Surplus for the year 116.424 21.093 106,215 10.209 137,517 116,424 St Andrews Pre-school Notes to the Accounts for the year ended 31 August 2024 1 kcountln9 basls The accounts have been compiled on a basis that enables profits to be calculaled in accordance UK Generally Accepted Accounting Prath"ce and that provides sufficient and relevant infornation to enable the completion of a tax return. 2 Income and expenditure account anatysls 2024 2023 Income Fees received Government fees Fundraisin9 Sales of clothing, tea towels et¢ Interest Grants receivable Milk 20,052 137,091 2,332 186 424 1.499 810 162,394 22.569 106,219 2.343 165 240 900 903 133,339 Direct costs Purchases for resale Decreasel{increase) in stocks Wages and salaries Activities and experience costs Consumables 193 31 117.708 360 2.693 120.985 117 (35) 99.999 700 2,746 103,527 Othor wages. salaries and other staff costs Pensions Employerfs Nl Staff clothing costs Staff training and welfare 1.967 875 223 1,573 60 3,150 1,633 Car, van and travel expenses Travel and subsistence Rgnt. rates. power and Insuranee eosts Water rates Light, heat and power Insurance Cleaning 95 5.742 1.437 4.718 11.992 2,110 5.311 1.365 4,223 13,009 Repalrs and renewals of property and equipment Repairs and maintenance 273 558 Telephone. fax, stationery and other office costs Telephone and inlemet Postage, stationery and printing 417 204 621 361 97 458 St Andrews Pre4chool Notes to the Accounts for the year ended 31 August 2024 Accountancys legal and other professlonal fees Accountants fees DBS and Ofsted fees 1.423 151 1,574 1,590 97 1,687 Depreciation and lossl(profft) on sale Depreciation Loss on sale of fixed assets 1.335 982 303 1.285 1.335 Other business expenses Subscriptions Sundry expenses 112 1.211 1.323 112 861 973 St Andrews Pre-school Notes to the Accounts for the year ended 31 August 2024 3 Plant, machinery and motor vehicles Equiprnent Cost At 1 September 2023 Additions 6,542 3,346 9.888 At 31 August 2024 Depreclatlon At 1 September 2023 Charge for Ihe year At 31 August 2024 982 1.335 2.317 Net book value At 31 August 2024 At 31 August 2023 7.571 5.560 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trustees st Andrews Pre-school (Bridport, Dorset) On accounts for the year ended 31 August 2024 Charity no (if any) 1022398 Set out on pages 1 to 10 (inclusive) I report to the trustees on my examination of the accounts of the above charity {'the Trust.) for the year ended 3110812024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ("the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I Confi￿ that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities AGt; or the accounts did not accord wrth the accounting records; or the accounts did not comply with the applicable requirements Con￿rning the form and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2008 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. 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. Signed: Date: 1410512025 o FMAAT Relevant professional qualification(s) or body (if any): Fellow Member of the Association of Accounting Technicians Address: Donovan Atyeo Limited - Accountancy & Taxation SeNices Unit 4 Hounsell Building. North Mills Trading Estate, Bridport. Dorset DT6 3BE IER Oct 2018