REGISTERED CHARITY NUMBER: 1023346 Re ort of the Trustees and Flnanclal Statement8 for the Year Ended 31 Au ust 2024 for Rlverslde Pre School Mander Duffill Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Willshire SN15 3HR
Riverside Pre school Contents of the Financial Statements for the Year Ended 31 Au ust 2024 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet Notes to the Flnanclal Statements 6 to 10 Detalled Statement of Flnanclal Actlvltles 11
Rlverslde Pre school Re ort of the Trustees for the Year Ended 31 Au ust 2024 The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted Ihe 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) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectlves and aims The Charily offers high quality, good value care and education for children aged 3 4 years of age, in a happy. safe and stimulating environment over 5 sessions Monday- Friday. 38 weeks a year, for a maximum of 18 children from local families. We offer a service that promotes equality and values diversity- Children learn through play, participating in new and varied activilies through which they learn to share, discover new interests and abilities, working towards the Learning Goals as detailed in the EYFS. (Early Years Foundation Stage). We strive for excellence in our provision and to narrow the gap for disadvantaged children. We aim to work in partnership with parents to help children to learn and develop, involving parents through the parenl's rota, parents, evenings, committee and social events, keeping parents well informed regarding their child's development. Publlc beneflt lbe considering the aims of the charity the trustees have had regard to the guidance issued by the Charity Commission on Public Benefit ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Achieved Good in all areas at the last OFSTED inspection on 39 May 2022. Children enjoy fruit and nutritious snacks daily, helping themselves to milk and water. Parents are welcome at any lime lo bring younger siblings and slay to play with the children. The Preschool has a slall at the adjacent Primary School's Summer and Winler Fairs and holds charitable events to raise money that is donated to other charilies. Children enjoy trips to the library and local parks and join in with the Primary School Aclivities i.e.'. Outside Classroom Day and Nalivity events. FINANCIAL REVIEW Flnanclal posltlon For the year ended 31st August 2024, the pre-school is reporting a surplus of £10.706 (2023.. £4,818 deficit). Reserves pollcy The trustees have decided that the appropriate minimum level of reserves is 250/0 of prior year costs in addition to any statutory redundancy costs, in order to cover contingencies and risk. The pre-school's current level of reserves is £54.040, which is in excess of this minimum level. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The Riverside Pre-school is regulated by the 2011 Pre-school Learning Alliance conslitution. Charlty constltution The Charity is conslituted by associalion. Page 1
Riverslde Pre school Re ort of the Trustees for the Year Ended 31 Au ust 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees When appointing new trustees, the board will give consideration to the skills and experience, and the mix of existing trustees in order to ensure that the commiltee has the necessary skills to contfibute fully to the pre school's development. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1023346 Prlnclpal address Riverside Pre School Monkton Park Primary School Sadlers Mead Chippenham Willshire SN15 3PN Trust8e8 Mrs R Wastie E Santoro D Moth Ms C Pentecost S Woodall Ms Olivia 8ennett Independent Examlner Andy Davis FCA Mander Duffill Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Wiltshire SN15 3HR Approved by order of the board of trustees on . and signed on its behalf by: LcknLLItho Mrs R Wastie - Trustee Page 2
Inde endent Examlnerfs Re ort to the Trustees of Riverside Pre school Independent examiner's report to the trustees of Rlverside Pre school I report to the charity trustees on my examination of the accounts of Riverside Pre school (the Trust) for the year ended 31 August 2024. Responsibilitles and basis of report As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by Ihe Charity Commission under Section 145{5)(b) of the Act. Independent examlner's statement I have completed my examination. I confirm Ihat no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respecl- accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or Ihe accounls do not accord with those records: or the accounts do not comply with the applicable requirements concerning the foim 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 conneclion with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A,4 L, Andy Davis FCA Mander Duffill Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Willshire SN15 3HR Date: Page 3
Riverside Pre school statement of Financial Activitles for the Year Ended 31 Au ust 2024 31.8.24 Unrestricted fund 31.8.23 Total funds Notes INCOME AND ENDOWMENTS FROM Charltable activities Provision of education 101,185 83,846 Investment income 496 304 Total 101681 EXPENDITURE ON Charitable actlvltles Provision of education 89,859 87,712 Other Total 90,975 88,768 NET INCOMEI(EXPENDITURE) 10,706 (4,618) RECONCILIATION OF FUNDS Total funds brought forward 43,646 48,264 TOTAL FUNDS CARRIED FORWARD 54,352 43,646 The notes form part of these financial statements Page 4
Rlverside Pre school Balance Sheet 31Au ust 2024 31.8.24 Unrestricted fund 31.8.23 Total funds Notes FIXED ASSETS Tangible assets 1,832 2,290 CURRENT ASSETS Debtors Cash at bank and in hand 228 53.973 43,463 54,201 43,463 CREDITORS Amounts falling due within one year (1.681) (2,107) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 54,352 43,646 NET ASSETS FUNDS Unrestricted funds 10 TOTAL FUNDS The financi atements were approved by the Board of Trustees and authorised for issue on 10.21k.... and were signed on ils behalf by: R Wastie - Trustee D Moth - Trustee The notes form part of these financial statements Page 5
Riverside Pre school Notes to the Financial Statements for the Year Ended 31 Au ust 2024 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial slatements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporling Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial stalements have been prepared under the historical cost convention. The charily is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. The address of the registered office is given in the legal and administrative information on page 1 of the financial statements. The nature of the charity's operations and principal activities are provided in the Report of the Trustees. Income All income is recognised in the Statemenl of Financial Activities once the charily has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charily to that expenditure, it is probable Ihat a transfer of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tanglble flxed a88et8 Depreciation is provided at the following annual rates in order to write off each asset over ils estimated useful life. Mobile property Plant and machinery 100A on cost 20°A on reducing balance Taxatlon The charity is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restfictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to Ihe financial statemenls. Penslon costs and other post-retirement benefits The charity operales a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 6 continued...
Rlverside Pre school Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 INVESTMENT INCOME 31.8.24 31.8.23 Deposit account interest 496 304 INDEPENDENT EXAMINER'S REMUNERATION Fees payable to the charily's Independent examiner for the year amounted to £375 (2023.. £340). TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits paid for the year ended 31 August 2024, nor for the year ended 31 August 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS 31.8.24 31.8.23 Wages and salaries Other pension costs 73.251 70,903 74,597 The average monthly number of employees during the year was as follows: 31.8.24 31.8.23 No employees received emoluments in excess of £60.000. The total amount of employee benefits received by key management personnel is £Nil (2023: £Nil). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charltable activltles Provision of education 83.846 Investment income 304 Total EXPENDITURE ON Charitable activities Provision of educalion 87,712 Other Total 88,768 Page 7 continued...
Riverside Pre school Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund NET INCOMEI(EXPENDITURE) (4,618) RECONCILIATION OF FUNDS Total funds brought fOard 48,264 TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Improvements to property Mobile property Plant and machinery Totals COST At 1 September 2023 and 31 August 2024 DEPRECIATION At 1 September 2023 Charge for year 12,389 248 12,630 210 25,019 458 At 31 August 2024 12.637 NET BOOK VALUE At 31 August 2024 991 840 1,832 At 31 August 2023 2,290 DEBTORS." AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Prepayments 228 Page 8 continued...
Riverslde Pre school Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade creditors Taxation and social security other creditors 282 516 1,309 525 1,156 2,107 10. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestrlcted funds General fund 43,646 10,706 54,352 TOTAL FUNDS 43,646 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unreslrlcted funds General fund 101,681 (90,975) 10,706 TOTAL FUNDS 101681 90,975) 10,706 Comparatlves for movement In funds Net movement in funds At 31.8.23 At 1.9.22 Unreslrlcted funds General fund 48,264 (4,618) 43,646 TOTAL FUNDS 4,618) 43,646 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 84,150 (88,768) (4,618) TOTAL FUNDS 84,150 88,768) 4,618) Page 9 continued...
Riverside Pre school Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 10. MOVEMENT IN FUNDS - continued A Current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.8.24 At 1.9.22 Unrestrlcted funds General fund 48,264 6,088 54,352 TOTAL FUNDS 48.264 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted fund8 General fund 185,831 (179,743) 6,088 TOTAL FUNDS 185 831 179 743) 11. RELATED PARTY DISCLOSURES Wages of £3,410 were paid to R Wastie during the year for services provided to the charity. Page 10
Riverslde Pre school Detalled Statement of Financlal Actlvltles for the Year Ended 31 Au ust 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Investment Income Deposit account interest 496 304 Charltable activities Provision of education 101.185 Total Incomlng resources 101,681 84,150 EXPENDITURE Charitable activltles Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Consumables and equipment Sundries Educational events Depreciation of tangible fixed assets 73,251 1,346 264 1,712 1,760 893 70,903 1,211 647 1,453 1,470 803 11 401 4,180 5,204 390 458 541 2.761 6,970 275 726 89,859 87,760 Support costs Governance costs Independent examiner's remuneration Independent examiners fees for accountancy work 375 340 741 668 Total resources expended 88,768 Net Incomel(expendlture) 10.706 This page does not form part of the statutory financial statements Page11