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2023-07-31-accounts

Charity Registration No, 1023326

HURSTPIERPOINT PRE-SCHOOL TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

HURSTPIERPOINT PRE-SCHOOL

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees
Charity number
Principal address
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Independent Examiners

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Main Bankers
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J Harvey (Chair) D Smith C Tighe K Duffy A Ferran 1023326 Village Centre Trinity Road Hurstpierpoint West Sussex BNE 9UY PRB Accountants LLP Kingfisher House Hurstwood Grange Hurstwood Lane Haywards Heath West Sussex RH17 7QX CAF Bank Ltd 25 Kings Hilt Avenue Kings Hill West Malling Kent ME19 4JQ

HURSTPIERPOINT PRE-SCHOOL

CONTENTS OF THE FINANCIAL STATEMENTS

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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 6-9
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HURSTPIERPOINT PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023 ee The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of 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)

CBJECTIVES AND ACTIVITIES

Objectives and aims The Hurstpierpoint Pre-School is a registered provider of Pre-school education The aims of the charity are as follows - To ease the transition from home and family and provide an environment that celebrates individuality and diversity. - To widen the children’s world by providing a range of stimulating resources and equipment - To encourage creativity and indapendence through constructive, child led play - To allow piay without interruption and encourage positive, caring relationships - To enlarge the children's vocabulary and develop communication skilts, - To acknowledge individual interests and celebrate the child's early years. - To involve families in the pre-school and have an ‘apen door poticy.

Public benefit In setting objectives and planning activities the Trustees have given careful consideration to the Chanty Commission's general guidance on charitable purpose and pubtic benefit, and in pariicular its supplementary guidance on the advancement of education Volunteers We encourage parents to join in with pre-school hfe, perhaps helping out in sessions or at fundraising events or by joining the Committee. We also get involved with local events and communty groups, like the St. Lawrence Fair and the Hurstpierpoint Horticultural Society. This partnership with parents and the community is really important to us and contributes to a varied, fun and educational experience for our children

Achievements and performance HPP Preschool continues to offer high qualily. affordable Early Years childcare and education to the local community. Ail families are welcome to join our lively active Preschool. Forest school 1s offered to all our oldest children, yearround, offering unique outdoor leating experiences

Future Plans

In 2024 we plan to continue to offer quality chikicare at affordable costs whilst managing major changes to the funding and childcare offer to parents of young children Risk The charities main tisk is difficult financial climate which ali Early Years providers are facing, however the fact that we are popular local Preschoot with high levels of occupancy, m tigates this risk

Financial review

The Preschool continues to offer affordable chi‘dcare to all famiies in our local area. We continue jo face uncertainty as major changes to the funding structure and rates pad to Early Years settings are not confirmed and costs such as wages and rent are increasing.

Reserves Policy

The Trustees operate a Contingency fund policy to ensure the continued abitity for the charity to meet its objectives in this challenging and uncertain financial climate, as a result of this the preschool has a policy of keeping a reserve of £20,000 for unexpected cosls and redundancies and £10,000 for outdoor equipment maintenance and repairs. At the end of 2023 we hold a total of £45917 free reserves (2022: £35,852) and are acting in line with the reserves policy

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HURSTPIERPOINT PRE-SCHOOL

REPORT OF THE TRUSTEES

FORTHEYEARENDED34JULY20290

STRUCTURE, GOVERNANCE AND MANAGEMENT

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Governing document
The charity (registered charity number 1023326) is controlled by ts governing document, a deed of trust and
The trustees serving during the year and since the year end were as follows:
J Harvey
D Smith
K Duffy
C Tighe
A Ferrari
Trustees’ responsibilities jn relation to the accounts
The trustees are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}
The law requires the trustees to prepare accounts 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 app!cation of resources, including the income and
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In preparing these accounts, the trustees are required to’ . select suitable accounting policies and then apply them consistently; observe the mathods and principles in the Charites SORP, : makeé judgements and estimates that are reasonable and prudent: and . prepare the accounts on the going concern basis unless itis inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable tham to ensure that the accounts comply with the Charities Act 2011. They 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.

Approved by order of the board of trustees orQ7. May-2024. and signed on its behalf by

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C Tighe
C Tighe
Trustee
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HURSTPIERPOINT PRE-SCHOOL
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INDEPENDENT EXAMINER'S REPORT
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TO THE TRUSTEES OF HURSTPIERPOINT PRE-SCHOOL

Independent examiner's report to the trustees of Hurstpierpoint Pre-School.

| report to the trustees on my examination of the accounts of Hurstpierpoint Pre-School for the year ended 31 July 2023.

Responsibilities and basis of report

As the trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘Ihe Act’).

| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying oul my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act

independent examiner's statement

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

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

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

  1. the accounts do not comply with the applicable requirements conceming 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

| have no concerns and have come across no other matters in connection with the examination to which attention shoukd be drawn in this report.

Christopher Whitley-Jones Independent Examiner For and on behatf of PRB Accountants LLP Kingfisher House, Hurstwood Grange, Haywards Heath, RH17 7QX

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Date: 4 \< \au
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HURSTPIERPOINT PRE-SCHOOL

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2023

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Total Total
2023 2022
income from: Notes £ £
Donations and tegacies 740 644
Charitable activities 4 118,978 91,201
Other trading activities § 24 100
Other 6 1,844 1,183
Total income 118,586 93,128
Expenditure on: 7
Raising funds 489 1,192
Charitable activities:
Funds generated for Pre-schoot 108,032 103,228
Total expenditure 108,521 104,420
Net income/(expenditure) 10,068 (11,292)
Fund balances at 31 July 2021 35,852 47,144
Fund Balances at 31 July 2022 46,917 35,852
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All funds in 2022 and 2021 are unrestricted.

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HURSTPIERPOINT PRE-SCHOOL

BALANCE SHEET

AS AT 31 JULY 2023

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£ £ £ £
Notes 2023 2022
Current Assets
Stocks 10 282 487
Cash at bank and in hand 64,843 54,886
66,086 50,050
Creditors: amounts falling due
within one year 11 (19,178) (18,501)
Net current assets 45,817 35,852
Total assets less current liabilities 45,91 7 35,852
Funds
Unrestricted funds 46,917 35,852
45,917 35,852
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The financial statements were approved by the Board of Trustees and authorised for issue 0&7. May-2024- and were signed on its behaif by:

C Tisle C Tighe Trustee

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HURSTPIERPOINT PRE-SCHOOL

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2023

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1 Accounting policies
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1.1 Basis of preparation

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) (effective 1 January 2015) — (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Hurstpierpoint Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no materia! uncertainties about Hurstpierpoint Pre-School's ability to continue as a going concer.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

1.2 Cash Flow Statement

In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.

1.3 Income

All income is included in the Statement of Financial Activities when the charity is legally entitled to the income, the amount can be quantified with reasonable accuracy and there is probability over the receipt of the income.

1.4 Expenditure

Expenditure is accounted for on an accruals basis, inclusive of VAT, and has been classified under headings that aggregate ail cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity. These are included within support costs under the Charities SORP (FRS 102).

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1.6 Fund accounting
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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and stow moving items.

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1.7 Cash at bank and in hand
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Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

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HURSTPIERPOINT PRE-SCHOOL NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022

Accounting Policies (continued)

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

1.9 Hire purchase and leasing commitments

1.10 Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

1.11 Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are chargad to the Statement of Financial Activities in the period to which they relate.

1.12 Judgements and key sources of estimation uncertalnty

The trustess do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

2 Taxation

The charity is a registered with the Charities Commission (number: 1023326}. All of the charity income falis within the exemptions set out in part 11 of the Corporation Tax Act 2010.

3 Trustee Remuneration

All the trustees donate their time spent running the charity on a voluntary basis and do not receive any remuneration for (heir work.

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4 income from Charitable Activities
FundsgeneratedFees for Pre-school
Funding
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2023 2022
£ £
18,904 19,281
$7,074 71,920
115,978 01,201
aroma ene Shera
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HURSTPIERPOINT PRE-SCHOOL NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2023

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|||||||| |---|---|---|---|---|---|---| |&|Other trading|activities|2023|2022| |£|£| |Shop|income|24|100| |6|Other income|2023|2022| |£|£| |Coronavirus|Job|Retention|Scheme|Grant|.|:| |Other income|1,844|1,183| |1|844|1,183| |7|Expenditure|2023|2022| |€|£| |Raising Funds| |Shop and fundraising costs|489|1,192| |Charitable|activities| |Activities undertaken|directly|99,474|95,827| |Support costs|8,558|7,401| |Total cost of charitable|activities|108,032|103,228| |Total Expenditure|108,521|104,420|

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Inctuded within support costs is £780 (2022: £780) in relation to independent examiners fees.

8 Trustees remuneration and benefits

Carey Tighe, the Preschool Manager, receives remuneration at market rate salary and acts as a trustee. There are no other trustees’ remuneration or other benefits or reimbursed expenses for the year ended 31 July 2023 nor for the year ended 31 July 2022.

9 Employees

The average monthly number of employees during the year was as faltows:

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Supervisors
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No employees received emoluments in excess of £60,000. (2021: none).

10 Stocks

Finished goods

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2023 2022
£ £
9 11
2023 2022
£ £
262 467
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HURSTPIERPOINT PRE-SCHOOL

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2023

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one yearfalling due within one yeardue within one yearwithin one yearone yearyear 2023 2022
£ £
TradeCreditors =
Accruats
Deferredincome		 780
17,437		 780
19,428
Other creditors 961 - 707
19,178 19,501

Deferred income represents a payment from WSCC which relates to the following year.

12 Control

The charity is under the control of the Trustees

13 Related party transactions

There were no related party transactions during the period, or preceding year that require disclosure.

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