Charlty Reglstratlon No. 1023328 HURSTPIERPOINT PRE-SCHOOL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
HURSTPIERPOINT PRE-SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION J HaN&y (Chairl D Smith C Tigho K Duffy A Ferrari Charlty number 1023326 Prlnclpal address Vi118g8 Ctra Trinity Road Hurstpierpoint W88t SusB6X N6 guy PRB Accountants LLP IndtPènd¢nt Examiner Kin9flsh8r Hous8 Hurstwood Grange Hurstwood Lane H8yW8rd8 Hesth West Sussex RH17 7QX Maln Bankers CAF Bank Ltd 25 Kings Hill Avenue Klngs Hlll Weel Malling Kant ME18 4JQ
HURSTPIERPOINT PRE.SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS Page Rgport of the Trustaes Independent Exarnlner's report ststernenl of fin8ncial activities Balance sheet No188 to the financial statem8nts
HURSTPIERPOINT PRE-S¢HOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The trusle8s present thg5r report wlth the flnancl81 $t8t¢m8nts of the charity for the year ended 31 July 2024. The trustèès have adopted the prOSlon9 of Accounting and Reporting by Charities: Statemenl of Recommended Pra¢lice applicable to charftles preparfng th&lr accounts In accordance with the Flnanclal Reporting Standard applicable In the UK and Republic of Iraland IFRS 1021. OBJECTIVES AND ACTIVITIE8 Objectlves and al Th8 Hurstpièrpoint prè.school is a glslered provldei of Pre-school education. The aim8 of Ihe charily are 28 follows TO eastt the translllon from home and farnily and Provid6 an envlronment that cèlebrat88 Ind5vldualty and diverslty. To wlden the chlldren's world by providlng a range of slimulallng regources 2nd equlpment. To encourage creatlvity and ind@pendenc8 through constructlve, chlld led play. To allow play wlthout interruption 8nd encourage positive, carlng relallonships. To enlarge the cbildren's voGabulary and devalop communication $kllls. To acknowl&dge Indlvldual intergsts and celebrat8 the child's oarly years, To Involve famllles In the pre-school and have an 'open door, poliGy, Publlc bpnefit In setting objecttves and planning activities the Tru8tee8 have given care1 conslderation ta the Charity Commission's genèral guTdance on chatltsble purpose and publlc L)eneflt, and In particular it$ 8upplementary guldanca on th? advoncemenl of 8ducalion. Volunteers We encourage parent8 lo joln In wlth pre-school Ilfe, p8thaps helping out in 8888ions or at fundraising events or by Joini the Committee. We also get involved wFth IDcal evenls and community gfOUPS, Ilke the St. Lawrenco Fair and the Hurslpierpoint Horticultural Soclety. Thls partnehIP with p8rents and the communlty Is really important to us and contributes to a varied, fun and educational exp6rience for our children. Achlevements an¢ D8rformgnc8 HPP Preschool continu8S to offer hlgh quallty, affordable E8rfy Year8 chlldcare and education to the local communlty. All famill@s are welcome to join our lively activ& Preschool. Forest school Is off&red to 811 our oldest chlldren, year- round, offering unique outdoor learning experiences. Future Plans In 2025 we plan to continue to offer quallty child¢are at affordable c081s whilst managing malor Ghanges to the nding and childGare offer to parents of young chllclren. Rlsk The Gharitie8 main risk Is dlfflcult financial climato which 811 Early Years providers are lacing, how8ver the f&ct that W8 are popular local PresGhool wlth hlgh levels of occupancy, mitigates thi6 risk. Flnanclal rwlew The Preschool continue8 to offer affordable childcare b all families in our local area. We continue to face uncertainty as major changes to the fundlng structure and rates pald to Early Years settlng8 are not conflrmed and cosls Such as wages and rent are increasing. Reserves Pollcy Th@ Trustees operate a Contlngency fund pclicy lo ensure the continued abilily for the charlty to meet Its oblectlves in this challenging and UnrtaIn financlal Glimate, as a result of this the preschool has a policy of keeping a reseN6 of£20,000 for unexpeded costs and redundancies and £10,000 for outdoor equipment maintenance and r8pair8. At the end of July 2024 we hold a total of £32,789 free reserves {2023.' £45.91n and are actins in Ilne wtth the reserve6 pDIi¢y,
HURSTPIERPOINT PRE.$CHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE, GOVERNANCE AND lJlANAGEMENT Governlng document The charlty (reg13téred charlty number 1023326) Is controlled by its goveming document, a dè8d of trust and The trustees servlng durlng the year and since the year end were as follows.. J Harvey D Smith K Duffy C Tighe A Ferrari Tru$t•g9' rgspon8lbllltlo9 In relatlon to the accounts The tru8tees are responsible for prgparlng the Trustees, Report and the accounts in aG¢ofdanc8 with applicable law and Unitgd Kingdom Awounling Standard8 (Unit6d Kingdom Generally AcGepled Accounting Pr&ctice). The law requlr88 th8 tru8te98 to prepare accounts for egch flnanclal year whlch glve a true and fair vlew of the state of affairs of th& charity and of th@ incoming resources and application of re8ource8, including the Income and In preparfng these aoUnt5, the trustees are required lo.. ¥elect SUFiable accounting policies and then apply them consl8t6ntly', observe the Metd5 and princAFles in the Charitleg SDRP., make judgements and e8tlmates that are reasonable and prudent., and prepare the accDunts Dn the going concern basis unless itls inapproprtate its presume thal the chaiily will continue in opet3110n. The trustees are responslbltt for k66pino adequatè accourfng cOrdS that dlsclose with regsonable a¢Guiacy at any Ilme the financlal posItl¢ Dfthe chan'iy and enable them to ensure that th8 accounts comply with the Charities Act 2011. They are also responslble for safeguarding the assets of the Gharity and hen¢e for taklng reasonable steps for pr8vèntlon and deteGUon of fraud and other Irregularitias, Approved by order of th8 board of tru8tee8 on29. May.2Q25.... and signsd on ILS behalf by.. C Tighe Trustoe
HURSTPIERPOINT PRE-SCHOOL INDEPENDEfv EXAMINER'8 REPORT TO THE TRUSTEES OF HURSTPIERPOINT PRE.SCHOOL Independent examlner's report to the trustees of Hurstplerpolnt Pre-S¢hool. I report to tho trustees on my examination of tha 8ccount8 of Hurstpierpolnt Pre-school for the ygar ¢nd8d 31 July 2024. Responslbllltles and bagls of report As the trustegs of the Trust you are re8POfl8lbl8 for the preporation of the accoun18 in accordance with the requlrements of the Charitie8 Act 2D111'the Act,), I reFXrt in respect of my examlnallon of Ihe Trust's 8c¢ounts carrlad out under sÈCtion 145 of the 2011 Act and in carrying out my exarnlnation I hav6 followed all the applicablo Dlr8ction8 given by the Charlty Commlssion under Section 145{5llb) of the Act. Independent examlner's statement I have completed my examlnation. l confirm that no mat*ial matters havs come to my attenllon1n cOnnli0n with the examlnatlon g5vlng me cause to beli8V8 that in any material respect: 1. accounting record8 were kopl In respeot of the Trust 89 fftquired by 8ectSon 130 of the Act; or 2. the accoun18 do not accord wlth those re¢ords,' or 3. the aLxounts do not comply with the applicable requirements concerning the fom1 and ccAttent of accounts Set eut In the Charities (Accounls and Reports) Regulations 2008 other than 8ny r4uirèm&nt ihal the accounts ge a 'true and fair view v¥hlch 18 not a rnalter consldered ?s part of an independent @xsmination. I have no Goncems and h8ve come across no othèr matters In connedion with the examinatlon to which attention should be drawn in this report. Chrlstopher Whltley-Jones IndeperKlent Examiner For and on behalf of PRB Accountants LLP Kingfigher Iqouse, HurstWO¢)d Grange, Playwards H88th, RH17 7QX Date". s}
HURSTPIERPOINT PRE-SCHOOL STATEMENT OF FINANCIAL ACTWITIES FOR THE YEAR ENDED 31 JULY 2024 Total 2024 Total 2023 Nolga DonatiDns and189acie Charltable activities Other trading aclivlties Other 3,419 119,999 129 1,795 740 115,978 24 Total Income 125,342 118586 Ral8lng funds Charitable activitles.. Funds generated for Pre4chool 035 489 137,935 108,Q32 Total axpenditurg 138,470 108,521 N8t incomol(oxpgndltur?) {13,128) 10,085 Fund balances at 31 July 2023 45,917 35,852 Fund Balances at 31 Juty 2024 All funds in 2024 and 2023 ara unr88tricted,
HURSTPIERPOINT PRESCHOOL BALANCE SHEET AS AT 81 JULY 2024 2024 2023 Not98 Current Ao80ts Storks Cash at bank 8nd in hand 904 67,637 58,441 2S2 64,843 65,095 Credltors: amounts falllng duo wlthln ono y•ar 11 (19,178) Nal tturrent assats 32,789 45,917 Total as89ts1gss Current Ilabllltle8 32,789 45,917 Fund• Unrestricted funds 32,789 45,917 32,789 Th8 fin8nci818tat8m8nts were approved by the Bo8rd of Trustees and autharised for issue ¢A9. May. 25.. and W8r8 8igngd on ils b8h8lf by: C Tighe Truot¢e
HURSTPIERPOINT PRE4CHOOL NOTES TO THE Accoumrs FOR THE YEAR ENDED 31 JULY 2024 fj Accountlng pollcles 1.1 Basss ol preparation The flnanclal 8tstement8 have b8en prepar6rJ In accordance wth Aawuntlng and Raportlng by Charities., Statement of Rec(Mnmended Practica applicabl@ to charities preparing thelr accounts in accordancè wlth the Flnanclal Reporting Slanclard applicable In the UK and Republic of Ireland (FRS 102} (effective 1 January 20151 (CharltieB SORP {FRS 1 D2)), the Financial Reporting Standard appllcable Iii the UK and Repub15c of Ireland (FRS 102) and thé Charitie$ Act 2011, Hurstplerpoint Pre-school meats thè def5nlOn of a public benefit enlily under FRS 102. Assets and liabllllles are Inilally recognised at hl8lorical cost or transactlon value unless Oth&ISe stated In the relavant accountlng policy note(g}. There are no mat6rial uncertainkn'88 8bout Hurstplerpolnt Pre-school's 8bllity to contlnue ia a going concem. The financi818tatements are pr6pared In stsrling, whlch is th& funGtIDnal curroncy of tha Charity. Mongtary amtsuntg in Ihase financial stat8menls ar8 rounded to the neare8t pound, 1.2 Ca8h Flow Ststomont In accordan08 wllh S8cAlon 7 of FRS 102 tha charlty18 clalmlny exemptlon from the requiramant to prepare a cash flow slat8ment on account of it8 8ii8. 1.3 Incomo All InC(e 18 Included in Ihe Statsm6nt of Financial ActivltieB when the char(ty Is IallY entltled to the income, the amount Can be qualltifiod Mrith reasonable aGouracy and there is probability over the receipt of the income. 1.4 Exponditure Expendllure 18 accourrted for on an aGuruals basis, inclusive of VAT, and has been classified under h8adlngs that aggregate all cost related lo Ihe calogory. Wh8r8 costs cannot be dlrectly attributed lo partiClar headings they have been allocated to activities on a basis collsistenl wtth the use of rewurces. Gtsv6rnancè L>)sls in¢lud6 tho88 cost8 associated with mtIng the con8titutional and $talulJry requiremgnts of the charfty and Include independent examination fee8 and costs linked to the stralegic management of the charlty. Thès8 are induded within support costs under the Charities SORP (FRS 1D2). 1.5 Fur accountlng UnstriC1ed fvnds can be used in accordance wllh tho charit8ble objeGltv8s at the discretton of th8 trustees. 1.6 Stock8 stocks are valugd at the lower of Cost and net realisable v8lue, 8fter making due allowan lor obsolete and low moving items, 1.7 Ca8h at bank and in hand Cash at bank and in hand includes cash and short18rm highly liquid investments. The Trustees seek to short term d8pD8its where p08slble lo ma)dmlse the retum on monies held atthe bank and to manage cash flow,
HURSTPIERPOINT PRE.SCHOOL NOTES TO THE ACCOUNTS (CONTINUED> FOR THE YEAR ENDED 31 JULY 2024 Accountlng Pollclo5 Icontinugd) 1.8 credIto and provlslons Creditors and provlslons are recogn188d where the Charity ha8 a pre8&nl obli9alion r98ulting from a pa8t evenl that wlll probably result ITr Ihe tran¥fer of lunds to a third party and the amount du8 to seltle the obligation can ba méssured or 8Stlmgled reliably. 1.9 HTrn purch090 and18a$ln# Gomthitinents Rentals paid under opeiatlng18a8e8 are charged to the Staternenl of Flnanclal Actlvttle8 on a $tralght Ilno ba81$ over the porlod of the leasè. 1.10 Employ•0 bon&flts The costs tsf yhort-teim employee benefits are regniSed as a Ilabllity and an exp8ns8. Termination beneflts are recognlsed Immedlat&ly as an Èxpense when Ihe ¢ompany1g demon81rably committed to termlnate the empknyment of an employee or to provide tsrminalion benefits. 1.11 Pen$lon cotsts and oth&r po$t-retlrement benoffts The thartiy operates a definad ttontrlbutli)n pension schema, Conttibutions payable to the charills penslon scheme are charged to th8 Statement of Finandal AcVvlll8s In the period to which th&y relate, 1.12 Judyements and key sources of 08tlmatlon uncertalnty In the appli¢atlon of the chaTlty's accountlng policieB. the tru$tse8 aro required to make Judgements, estsmalos and 88Bumplton8 8baLrt the carrying amount of assets and 118bllltle8 that are not readlly apparent from other sourGes. The e8timal88 and associated assumptlons are base on hlgtorlcal gxperierre and other fgclorfy that are ¢on$ldered to be relevart. Aclual results may dlffar from these e8timales. The estimates and underlying assumptions ar8 reviewed on an ongoing basis. Revision8 to accounJng estimates are re¢ognl8ed In tha rIOd In which the estimatg is revlsed. The trustees clo not nSider that there are any crilicgl estimates or &re&s of Judgement that need10 bè brought lo the atlentijn of the readers of the financial slatoments. 2 Taxation The tharlly Is a registered with tha Ch8Tities Commission (number.. 1023326). All of the charlty Income fallB within the exemptions set out in part 11 of the Corporation fax Act 2010. 3 Trustee Remuneratlon All Ihe trustees donate thelr lime spent running th8 charity on a Kioluntary basls and do not receive any remun8ratlon for thelr work. 4 Income from Charltablo A¢tlvltle$ 2024 2023 Fund6 Fees Fundlng ene ted for Pre4chool 24,631 95,368 18,904 D7,074 119,999 115.978
HURSTPIERPOINT PRE-SCHOOL NOTES TO THE ACCOUNTS (COMTINUED FOR TrIE YEAR ENDED 31 JULY 2024 5 other trading activit188 2024 2023 Shop incom8 129 24 6 Other Incom• 2024 2¢23 Coronavirus Job Retention Scheme Grant Oth&r income 1,795 1,844 1,795 1,844 7 Expenditure 2024 2023 Ra191ng Funds Shop and fundralslng costs 535 489 Charitable &ctivities Activitie8 undertaken d1Ct 126,659 99,474 Support co$t8 11,376 8,558 Total cost of charitable activities 137,935 108,032 Total Exponditu 138.470 108,521 Included within support Costs Is £78012Q23 £7801 in r&latiDn to independent examiners fe98, 8 Trustees remuneratlon and beneff ts Carey Tighe, the Preschool Manager, receives remuneratlon al marf(et Hte salary and acts a8 a trustee. There are no other trustees, remuneration or other beneflts or reimbursed expense5 for the year ended 31 July 2024 nor for the year ended 31 JUW 2023. 9 Employae8 The average monthly number of ernployees durlng the y8ar was as follows.. 2024 2023 Supervisors No employ8es received emoluments In eXs$ of £80, 000.12023,, non6). 10 Stocks 2024 2023 Finished goods 904 252
HURSTPIERPOINT PRE4CHOOL NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 11 Cr4dllor8' amount4 falllng due wlthln ono yoar 2024 2023 Trade Creditors AccNals D8ferred Income Other ¢reditor3 T80 23,812 1,080 780 17,437 981 25,652 19,178 Deferred income r8pr8s8nts a payment fiorn WSCC which ielatss lo the following year. 12 Control Th8 charity Is under tha control of Ihe Trustees 13 Rglated party tran8aCtiOll8 There wèrè no related patytrAnsaction8 durlng the period, or pedIng yearthat iequlre disclosure.