TE BR HA cc THE YEA 31sr AR H202 Rl CHARITY NO. 102 ST l. Trustees Report 2. Independent Examiner's Report 3. Statement of Financial Activities 4. Balance Sheet 5. Notes to accounts Page I UESB IDCIE PRE- Charity name Registered charity number Charity's principal address Teague's Bridge Pre-school 1023004 Teague's Crescent, Trench, Telford, Shropshire, TF2 6RE ri Saroj Bajwa Himmath Singh Dunesh Badan Melanie Sobczuk Mitasha Sharma Samatha Bloor Alisa Bell Rebecca Wyatt The Charity Is governed by a Trust Deed dated 23, June 1993 and is constituted as a Charitable Trust. Trustees are appointed by resolution of the Trustees. The objects of the Charity are to enhance the development and education of children under stattjtory school age by encouraging parents to understand and provide for the needs of their children through community groups. The net surplus for the year was £2,439. Page 2 Tea ues Brid e P harit Number.. 1023004 Triistees Aiiiiual Re From INt A ort for the earto 31%t March 2024 ril 2023 to l%r Marcli 2024 Coiitinued view The net movement in funds for the year was a surplus of E2,439. The balance of 5t unrestricted general fund5 at 31 March 2024 was £71,183. The Trustees declare that they have approved the Trustees, report above. Signed on behalf of the Charity's Trustees Chair Date: ?5111124 Page 3 ID ec ftr and min The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit 15 not required for this year under section 144 of the Charities Act 2011 Iihe Charities Actl and that an independent examination is needed. It is my responsibility to.. Examine the accounts under section 145 of the 2011 Act,. to follow the procedures laid down in the General Directions given by the Charitv Commission lunder section 14515llbl of the Charities Actl,. and to state whether particular matters have come to my attention. ofin ni ei's My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charitv 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 the trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. In the course of my examination, no matter has come to my attention l. Which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that.. proper accounting records are kept lin accordance with section 130 of the 2011 Act),. and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act,. or 2. To which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached Neil Phillips FCA Phillips Ltd Chartered Accountants 4 Pearson Road Central Park Telford TF2 9TX 1pQ c Date.. iJli,13g Page 4 TEAGUES BRIDGE PRE- CHARITY NO. 10230 CHOOL ATE INAN IAL ACTIV Unrestricted Funds Tota5 2024 Total 2023 Incoming Resources Grant Income 145.350 145,350 124,831 Fees 15,610 15.610 14,316 Other Income Total Incoming Resources 160,960 160,960 139,147 Charitable activities 158,521 158,521 126,190 Net movement in funds 2,439 2,439 12,957 Total funds brought forward 158,270 158,270 145,313 Total funds carried forward 160.709 160,709 158.270 Page 5 TEAGUE BRIDGE PRE- HARITY 004 ALAN HEET Note 2024 2023 Fixed Assets Computer equipment Fixtures & Fittings Play equipment 1,324 2,000 1,558 967 Total fixed assets 3.324 2,525 Cyrrent assets Cash at bankand in hand 168,310 163.344 Total current a5setS 168,310 163,344 Creditors amounts falling due within one vear 10,925 7,599 Net asset5 160,709 158,270 Funds of the Charity Restricted funds Unrestricted funds Designated funds General funds 12,498 10,248 77,028 71,183 91.520 56,502 Total funds 160.709 158,270 Signed on behalf of the Trustees Date.. 2Jlii/L4 Page 6 TEA UES BRIDGE PRE- 23004 OL ACCOUNTS F R THEYE 31ST ARCH 2 24 Note l Ba515 of preparation These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice1SORP 2005) and with the Charities Act 1993. Note 2 Accounting policies 2.1 Incoming resources These are included in the Statement of Financial Activities ISOFAI when: the charity becomes entitled to the resources the trustees are virtually certain they will receive the resources the monetary value can be measured with sufficient reliabil itv. 2.2 Expenditure and liabilities Liabilities are recognised as 500n as there is a legal or constructive obligation committing the charity to pay out resources. Note 3 Fixed Assets Com ui uter Pla Fixtures Total Cost l April 2023 Additions 31 March 2024 3,278 6,330 9,981 19,589 Depreciation At l April 2023 Charge for year At 31 March 2024 3,278 5,363 317 8,423 234 17,064 551 Net Book Value At 31 March 2024 At 31 March 2023 967 Page 7 AG BRID ST Note 4 Creditors and accruals 2024 2023 PAYE Accruals 2,677 1,004 Note 5 Reserves and Reserves policy Unrestricted Designated Funds Unrestricted General Funds Restricted Funds Total At 1st April 2023 91,520 56,502 10,248 158,270 Net movement in year 2,439 2,439 Transfers in year 114,4921 12,242 2,250 At 31st March 2024 77,028 71,183 12,498 160,709 Page 8 BRID RE-S HARITY NO. 102 Note 5 Reserves and Reserves policy- continued General funds are unrestricted funds which are available for the use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for another purpose. Designated funds are unrestricted f unds that take into consideration payments requ ired for staff redundancies and expenditure associated with the closure of the service if f urther funding is not forthcoming in the future. Designated f unds also include funds set aside for building repairs and improvements. Restricted funds are f unds that can be accessed for a specif ic pu rpose, The Trustees review the reserves policy on an annual basis alongside the review of the accounts. Page 9 GU ID HARITY N 102 2024 2023 Grants Fees 145.350 15,610 124.831 14,316 160,960 139,147 enditure Staff Wages & Nl Play Equipment EYPPIIP Resource5 Rent, Rates & Insurance 113,230 3,094 1,394 3,234 2446 688 1.019 6,872 14.890 238 87,518 1,779 3,122 3,193 2,979 1,040 985 5,637 1,093 3.465 Telephone & Admlnistralion Printing, Postage & Stationery Hygiene & Cleaning Property Repair5 & Renewals Computer & Office Equipment pi ! Sundries Milk & Food Training Courses Accountancy Fees Bank Charges Donations Depreciation Outings Bvsiness Sypport Professional Fees 2,266 1,389 4,092 1.396 4,700 1,656 448 2,316 307 551 743 3.794 50 972 639 1,426 50 158 521 126 190 Net surplus