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2024-07-31-accounts

Charity registration number: 1023074

Abbotsham and Alwington Pre-School

Annual Report and Financial Statements

for the year ended 31 July 2024

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Notes to the Financial Statements 11 to 24

ABBOTSHAM AND ALWINGTON PRE-SCHOOL REFERENCE AND ADMINISTRATIVE DETAILS

Chair Corena Skelton
Secretary Gina Hocking
Nicole Brown, resigned 18 October 2023
Trustees Maria Dark
Gina Hocking
Jemma Willoughby, resigned 21 March 2024
Charlotte Seymour, resigned 21 March 2024
Kirsty Flear, resigned 18 October 2023
Holly Leigh
Janita Barlow, resigned 21 March 2024
Charlotte Westlake, resigned 18 October 2023
Claire Pennington, resigned 18 October 2023
Shannon Smith
Toby Vanstone
Susanna Cox
Leeann Groom
Katie Shaxton
Hannah Stewart, resigned 21 March 2024
Sarah Cooling
Charity Registration Number 1023074
Principal Office The Old School Room & Majors Office
Abbotsham
BIDEFORD
Devon
EX39 5AP
Accountant Glover Stanbury
27 Bridgeland Street
BIDEFORD
Devon
EX39 2PZ

Page 1

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2024.

Structure, governance and management

Nature of governing document

Abbotsham and Alwington Pre-School was established over 30 years ago, being governed by a Constitution. We are non-profit making, registered with Ofsted to take 26 children per session. We currently have a team of 6 staff and hold sessions in the Old School Rooms and the Major’s Office in Abbotsham (Located in front of the Church).

Recruitment and appointment of trustees

The Charity advertises locally for new Trustees, mainly apealing to current parents and carers and those who have registered their interest for children to attend the Pre-School. Interested parties are invited to attend a meeting to see what is involved.

All Trustees are proposed and seconded by attendees at the AGM.

All proposed Trustees are subject to the legally required checks made upon them and are approved by Ofsted.

Objectives and activities

Objects and aims

To enhance the development and education of children under statutory school age by encouraging children to make new friends, explore, discover and learn through play in a safe and secure environment.

The charity enables children aged 3-5 years old to learn in an exciting and engaging environment, with activities designed to motivate and inspire, and be fun!

We follow the Early Years Foundation Stage (EYFS) and believe strongly that children of pre-school age learn best through stimulating and varied play activities.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

ABBOTSHAM AND ALWINGTON PRE-SCHOOL TRUSTEES' REPORT

Achievements and performance

We started the school year in September 2023 with 25 on register. 20 left the previous year.

We ended the year in July 2024 with 38 on register – this is lower than usual and unfortunately, we did end the year with some sessions left with spaces that didn’t get filled.

25 Children left us in July 2024 to start primary school. Children went to St Helen’s, St Mary’s, East the Water and Appledore.

For our leavers ceremony we had Really Wild in again. The children loved it and all of the children got to touch something including a snake and a white rat. This was followed by a ceremony in front of all the parents, to present the children with their folders and say goodbye. The staff were given very generous vouchers from lots of the parents to enjoy at the Thatched Inn. Thank you so much from us all. The ceremony was lovely; other than the speaker stopping on me!! The sun was shining and the children were so brave.

We learnt the leavers songs and signs throughout the year in preparation for the leaver’s ceremony – Proud, Million Dreams and One More Step Along the World We Go. We also made a video that I hope you all enjoyed and saved for the future, of the children leaving through the pre-school front door and waving at the camera to standing in the hall of fame.

We performed the Nativity in the village hall which was left set up from the panto, which they kindly leave ready for us every year. We issued 4 tickets per family. The Nativity was great and the children were so brave.

Our Christmas party was also a hit, with Elsa and Spiderman it was an interesting party! Then the lovely Father Christmas aka Phil Stone came and gave presents to all of the children.

Sports day was yet again a lovely day with perfect weather, this was followed by the silent auction which had a very dramatic finish to one of the bids. Thank you to Corena S for managing to secure some fabulous prizes. We also did 2 bingo nights and the mini marathon. We raised £2,095 at our marathon. Just amazing!

Planning included Autumn, Christmas, children’s interests and new life - and for the first time we had loads of frogs.

We made a trip to Moreton Court residential home and performed our Nativity for them which was just amazing. The residents thoroughly enjoyed our visit and were so grateful. I was so proud of the children for being so confident and going around and talking to them all.

We celebrated our 10th anniversary of being in the Old School Rooms in June and invited old, new and existing pre-schoolers to the party.

Parents evening was held in March which was earlier in the year than normal and next steps were discussed. We found this works better for everyone.

Page 3

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

TRUSTEES' REPORT

Visitors included - Story bears, Early years consultant, Early years advisory teacher, Erin our Bideford college student, Charlotte Turnbull the photographer and we were visited by Kenwith residential home. The pesky elf on the shelf came back! This time he was specifically looking for acts of kindness.

Sophie started with us officially in January but kindly came in numerous times in December to get to know everyone. Sophie has settled in beautifully at our pre-school and we are lucky to have her.

We have continued to do our training online due to such a lack of in person training being offered by Devon Early Years. We continued our maths training with Karen Wilding. We completed some government training modules, provider network meetings, SENDCo training, and also the dreaded first aid which we all did together and invited Bideford Baptist and Bradworthy pre-school to join us.

We held a coffee morning in May, for new families and it was well attended.

Thank you as always to all of the staff for their hard work. We have such a brilliant team and all pull together to make this pre-school fantastic.

Thank you also, to all of the committee members for your help and dedication to this pre-school. We really appreciate everything you do to support the staff and the setting.

Financial review

Policy on reserves

The policy is to have 6 months running costs in reserves to include staff wages, this is currently in the region of £65,000.

Principal funding sources

Principle funding is from EYFS and fundraising for purchases to enhance the children’s time in the setting.

Additional expenditure enables us to update and source new equipment for use with children: i.e. sensory equipment and learning material.

We ensure all staff attend regular training which is paid for from EYFS and fundraising.

Page 4

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

TRUSTEES' REPORT

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity manages its cash flow risk by its policy to keep cash reserves level of 6 months running costs.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.

The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of bank current accounts and bank savings accounts.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Page 5

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

TRUSTEES' REPORT

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper 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 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 21 November 2024 and signed on its behalf by:

Corena Skelton Chair

Gina Hocking Secretary and Trustee

Page 6

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABBOTSHAM AND ALWINGTON PRE-SCHOOL

I report to the trustees on my examination of the accounts of Abbotsham and Alwington Pre-School for the year ended 31 July 2024.

Responsibilities and basis of report

As the charity trustees of Abbotsham and Alwington Pre-School you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Abbotsham and Alwington Pre-School'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 examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Abbotsham and Alwington Pre-School as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (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.

K Toms BSc (Hons) FCA Institute of Chartered Accountants in England and Wales (ICAEW)

27 Bridgeland Street BIDEFORD Devon EX39 2PZ

25 November 2024

Page 7

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
4
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Other expenditure
8
Total expenditure
Net income/(expenditure)
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
21		 Unrestricted
funds
£
15,493
114,119
907
520
131,039
(448)
(121,920)
(337)
(122,705)
8,334
(2,208)
6,126
86,211
92,337		 Restricted
funds
£
60
613
-
-
673
-
(2,881)
(154)
(3,035)
(2,362)
2,208
(154)
538
384		 Total
2024
£
15,553
114,732
907
520
131,712
(448)
(124,801)
(491)
(125,740)
5,972
-
5,972
86,749
92,721

Page 8

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY
Note
Unrestricted
funds
£
Restricted
funds
£
Income and Endowments from:
Donations and legacies
7,471
3,426
Charitable activities
114,439
-
Investment income
4
219
-
Total income
122,129
3,426
Expenditure on:
Raising funds
(396)
-
Charitable activities
(112,274)
(1,159)
Other expenditure
8
(309)
(17,450)
Total expenditure
(112,979)
(18,609)
Net income/(expenditure)
9,150
(15,183)
Gross transfers between funds
(11,765)
11,765
Net movement in funds
(2,615)
(3,418)
Reconciliation of funds
Total funds brought forward
88,826
3,956
Total funds carried forward
21
86,211
538		 2024
Total
2023
£
10,897
114,439
219
125,555
(396)
(113,433)
(17,759)
(131,588)
(6,033)
-
(6,033)
92,782
86,749

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 21.

Page 9

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

(REGISTRATION NUMBER: 1023074) BALANCE SHEET AS AT 31 JULY 2024

Note
Fixed assets
Tangible assets
15
Current assets
Debtors
16
Cash at bank and in hand
17
Creditors: Amounts falling due within one year
18
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
21		 2024
£
2,271
11,040
82,127
93,167
(2,717)
90,450
92,721
384
92,337
92,721		 2023
£
2,563
45
86,604
86,649
(2,463)
84,186
86,749
538
86,211
86,749

The financial statements on pages 8 to 24 were approved by the trustees, and authorised for issue on 21 November 2024 and signed on their behalf by:

Corena Skelton Chair

Gina Hocking Secretary and Trustee

Page 10

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

1 ACCOUNTING POLICIES

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Abbotsham and Alwington Pre-School meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Investment income

Interest is recognised once the interest has been received.

Page 11

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated based on the fund which funded the asset purchase.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost.

Page 12

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Property improvements 100% in year of purchase Plant and machinery 25% straight line basis Fixtures and fittings 10% straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Page 13

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity contributes to a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of fi nancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 14

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Page 15

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
General
£
Donations and legacies;
Donations from individuals
3,780
Grants, including capital grants;
Government grants
5,168
Other income from donations and legacies
6,545
Total for 2024
15,493
Total for 2023
7,471
3 INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
General
£
Running of the pre-school
114,119
Total for 2024
114,119
Total for 2023
114,439		 Restricted
funds
£
60
-
-
60
3,426
Restricted
funds
£
613
613
-		 Total
funds
£
3,840
5,168
6,545
15,553
10,897
Total
funds
£
114,732
114,732
114,439

Page 16

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

4 INVESTMENT INCOME

Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
907
Total for 2024
907
Total for 2023
219
5 OTHER INCOME
Unrestricted
funds
General
£
Fees and supplies
520
Total for 2024
520
6 EXPENDITURE ON RAISING FUNDS
A) COSTS OF GENERATING DONATIONS AND LEGACIES		 Total
funds
£
907
907
219
Total
funds
£
520
520
Unrestricted
funds
Note
General
£
Other direct costs of generating voluntary income
448
Total for 2024
448
Total for 2023
396		 Total
funds
£
448
448
396

Page 17

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

7 EXPENDITURE ON CHARITABLE ACTIVITIES

7 EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
funds
Note
General
£
Running of the pre-school
2,330
Staff costs
99,046
Allocated support costs
19,311
Governance costs
1,233
Total for 2024
121,920
Total for 2023
112,274		 Restricted
funds
£
-
2,841
40
-
2,881
1,159		 Total
funds
£
2,330
101,887
19,351
1,233
124,801
113,433

8 OTHER EXPENDITURE

Unrestricted
funds
Note
General
£
Depreciation, amortisation and other similar costs
337
Total for 2024
337
Total for 2023
309		 Restricted
funds
£
154
154
17,450		 Total
funds
£
491
491
17,759

9 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

Support costs allocated to charitable activities

Governance
costs
£
Running of the
pre-school
1,233
Total for 2023
1,097		 Finance
costs
£
6
11		 I.T.
costs
£
482
406		 Admin
costs
£
685
601		 Premises
costs
£
15,612
16,129		 Other
support
costs
£
2,566
1,581		 Total
funds
£
20,584
19,825

10 TRUSTEES REMUNERATION AND EXPENSES

No trustees, nor any persons connected with them, have received any remuneration or reimbursed expenses from the charity during the year.

Page 18

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

11 STAFF COSTS

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Other staff costs		 2024
£
94,217
5,615
1,397
658
101,887		 2023
£
88,934
-
1,365
314
90,613

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Employees
No employee received emoluments of more than £60,000 during the year
12 INDEPENDENT EXAMINER'S REMUNERATION
Other fees to examiners
Examination-related assurance services		 2024
No
6
2024
£
630		 2023
No
6
2023
£
600

13 TAXATION

The charity is a registered charity and is therefore exempt from taxation on its charitable activities.

14 TRANSFERS

During the year there was a transfer of funds from unrestricted funds to restricted funds for the staff costs allocated to the charitable activity for which income funds had been received for a restricted purpose.

Page 19

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

15 TANGIBLE FIXED ASSETS

Property
improvements
£
Furniture
and
equipment
£
Cost
At 1 August 2023
17,372
3,170
Additions
-
199
At 31 July 2024
17,372
3,369
Depreciation
At 1 August 2023
17,372
607
Charge for the year
-
491
At 31 July 2024
17,372
1,098
Net book value
At 31 July 2024
-
2,271
At 31 July 2023
-
2,563
Included within the net book value of land and buildings above is Nil (2023 - Nil) in
freehold land and buildings and £Nil (2023 - Nil) in respect of leasehold buildings.
16 DEBTORS
2024
£
Trade debtors
10,736
Prepayments
304
11,040
17 CASH AND CASH EQUIVALENTS
2024
£
Cash at bank
82,127		 Property
improvements
£
Furniture
and
equipment
£
Cost
At 1 August 2023
17,372
3,170
Additions
-
199
At 31 July 2024
17,372
3,369
Depreciation
At 1 August 2023
17,372
607
Charge for the year
-
491
At 31 July 2024
17,372
1,098
Net book value
At 31 July 2024
-
2,271
At 31 July 2023
-
2,563
Included within the net book value of land and buildings above is Nil (2023 - Nil) in
freehold land and buildings and £Nil (2023 - Nil) in respect of leasehold buildings.
16 DEBTORS
2024
£
Trade debtors
10,736
Prepayments
304
11,040
17 CASH AND CASH EQUIVALENTS
2024
£
Cash at bank
82,127		 Total
£
20,542
199
20,741
17,979
491
18,470
2,271
2,563
respect of
2023
£
45
-
45
2023
£
86,604

Page 20

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2024
£
867
705
515
630
2,717		 2023
£
408
927
528
600
2,463

19 PENSION AND OTHER SCHEMES Defined contribution pension scheme

The charity contributes to a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,397 (2023 - £1,365).

20 COMMITMENTS

Other financial commitments

Rent of premises

The total amount of other financial commitments not provided in the financial statements was £9,412 (2023 - £8,767).

Page 21

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

21 FUNDS

Unrestricted funds
General
Restricted funds
Total funds
Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
August 2023
£
86,211
538
86,749
Balance at 1
August 2022
£
88,826
3,956
92,782		 Incoming
resources
£
131,039
673
131,712
Incoming
resources
£
122,129
3,426
125,555		 Resources
expended
£
(122,705)
(3,035)
(125,740)
Resources
expended
£
(112,979)
(18,609)
(131,588)		 Transfers
£
(2,208)
2,208
-
Transfers
£
(11,765)
11,765
-		 Balance at
31 July
2024
£
92,337
384
92,721
Balance at
31 July
2023
£
86,211
538
86,749

Page 22

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

22 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
23 ANALYSIS OF NET FUNDS
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 Unrestricted
funds
Restricted
Total
funds at
31 July
General
£
funds
£
2024
£
1,887
384
2,271
93,167
-
93,167
(2,717)
-
(2,717)
92,337
384
92,721
Unrestricted
funds
Restricted
Total
funds at
31 July
General
£
funds
£
2023
£
2,025
538
2,563
86,649
-
86,649
(2,463)
-
(2,463)
86,211
538
86,749
At 1
August
2023
£
Financing
cash flows
£
At 31 July
2024
£
86,604
(4,477)
82,127
86,604
(4,477)
82,127
At 1
August
2022
£
Financing
cash flows
£
At 31 July
2023
£
90,642
(4,038)
86,604
90,642
(4,038)
86,604		 Unrestricted
funds
Restricted
Total
funds at
31 July
General
£
funds
£
2024
£
1,887
384
2,271
93,167
-
93,167
(2,717)
-
(2,717)
92,337
384
92,721
Unrestricted
funds
Restricted
Total
funds at
31 July
General
£
funds
£
2023
£
2,025
538
2,563
86,649
-
86,649
(2,463)
-
(2,463)
86,211
538
86,749
At 1
August
2023
£
Financing
cash flows
£
At 31 July
2024
£
86,604
(4,477)
82,127
86,604
(4,477)
82,127
At 1
August
2022
£
Financing
cash flows
£
At 31 July
2023
£
90,642
(4,038)
86,604
90,642
(4,038)
86,604		 Total
funds at
31 July
2024
£
2,271
93,167
(2,717)
92,721
Total
funds at
31 July
2023
£
2,563
86,649
(2,463)
86,211 86,749
At 1
August
2023
£
86,604
86,604
At 1
August
2022
£
90,642
90,642
82,127
At 31 July
2023
£
86,604
86,604

Page 23

ABBOTSHAM AND ALWINGTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

24 RELATED PARTY TRANSACTIONS

There were no related party transactions in the year.

Page 24