REGISTERED CHARrri NUMBER: 1023385 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEt4TS FOR THE YEAR ENDED 31 AUGUST 2024 FOR BROUGHTON UNDER FIVES ASSOCIATION Phlpps Henson McAllister Chartered Accountants 22-24 Harborough Road Kin85thorpe Northampton NN2 7AZ
BROUGHTON UNDER RVÈS ASSOCIATION CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Roport of thè Trustees Independent Examlner's Repart Statement of Flnanclal Actlvitles Balance Sheet Notes to the Financial Statements Detalled Statement of Flnanclal Actlvities io
BROUGHTON UNDER FIVES ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report with the flnancial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accountin6 and Reporting by Charltles.. Statement of Recommended Practlce applicable to charltles preparing their accounts in accordance with the Flnanclal Reportin8 Standard appllcable In the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJEcnvES AND A1VITIEs Oblertlvès and actlvliles To enhance the development and education of children under statutory school age in a parent-involving, community based group To provide a safe, secure and stimulating environment To work within a framework which ensures equality of opportunity for all children and families Public benefit A specially tailored curriculum leading to approved learning outcome5 Indlvidual care and attention made possible by a high ratio of 5tsff to children Fun and friendship with children and other adults Opportunitie5 for you and your family to be directly involved In the activities of the group and your own child's progress ACHIEVEMENT AND PERFORMANCE Achlevements and Performance Our main aim5 for the year were to contlnue to raise fund5 for the preschool and awareness of the setting in the local and wider area. The staff and trustees have worked very hard to ensure fundraising efforts were made throughout the year and child numbers remained high. We are working closely with a local Early Years Advisor to continuously improve practise. and our focus continues to be on the quality of Special Educational Needs provision as our cohort has a wide varlety of needs. includlng Speeth and Language and needs associated with the Autism spectrum. Staff continue to work closely with specialist agencles and have ralsed funds to buy appropriate resources. The committee continues to use the Artion Plan for the year wlth Its main objectives, to influence minutes and agenda5 to ensure all the objectives are considered at each meeting. These are monitored ¢losely to ensure the best outcomes for all the chSldren. The business plan has also been updated accordingly_ FINANCIAL REVIEW Flnanclal posltlon 202312024 as at 31st August 2024 Income £133.50112023'.£107,6811 inclusive of Fee Income £133,20212023-£105,9141 Fundr3isinE income £7D (2023:£1,4001 Other income £22912023..£3671 Outgolng £103,80312023:£120,6801 Inclusivè of regular costs re staff c05ts1venue hire equlpment purchase5 of new toys Current Account Balance £67,01312023:£39,0921 Other accounts £7,03112023.'£6,9261 Page I
BROUGHTON UNOER FIVES ASSOCIATION REPORT OF THE TRusfEE5 FOR THE YEAR ENDED 31 AUGusf 2024 FLwfuRE PLANS Key objectives for next year are to continue to invest in stsff training and CPD and con501idate the numbers of children accessing our services that havÈ been achieved in the year 23124 whilst continuing to provide high quality Early Years Education. STRUCTURE, GOVERNANCE AND MANAGEMÉKr Governing document The charity is controlled by its gDverning document, a deed of trust and constitutes an unlncorporated charlty. The charlty is controlled by its governin8 document, Preschool Learning Alliance constitutlon120051. REFERENCE AND AOMINISTRATIVE DETAILS Registered Charity number 1023385 Principal address Broughton Villago Hall Gate Lane Broughton Northdmptonshire NN14 IND Tfustees R sMn lappointed 811012023} Iresigned 2611/2025) Mrs E Smyth Ms J Gent Iro51gned 16121?0241 H Till (resigned 1612120241 M5 C O'Leary C Pettis (resigned 8110120231 Ms M Ch3rl?sworth lappointed 212120241 Ms H E Bull (appointed 26111120231 Ms A Millership (appointed 2412120251 Indepondent Examlner Jamie Miller M.A.A.T. Phipps Henson McAllister Chartered Accountants 22-24 Harborough Road Kingsthorpe Northampton NN27AZ Approved by order of the board of trustees on 11 Aprll 2025 and signed on its behalf by: Mrs E Smyth- Trustee Page 2
INDEPENDEPff EXAMINER'S REPORT TO THE TRU5fEES OF 8ROUGHTON UNDER FIVES ASSOCIATION Independent examlner's report to the trustees of Broughton Under Flyes Assoclatlon I report to the charity trustees on my examinatlon of the accounts of Broughlon Under Fives Association Ithe Trust) forthe yearended 31 August 2024. Responslbllities and bas15 of report A5 the charity trustees of the Trust you are responsible for the preparation of the occounts in accordan with the requirements of the Charities Act 20111'the Act'l. I report In respect of my examinatlon of the Trust's accounts carried out under Section 145 of the Att and In carrying out my examination I have followed all applicable Directions glven by the Charity Commission under Sectlon 14515}Ibl of the Act. Independent examlner's statement I have completed my examlnatlon. I conflrm that no material matters have come to my attentlon in tonnection with the examination Biving me cause to believe that In any material respert.. accounting r¥ords were not kept in respect of the Trust as required by Sectlon 130 of the Art; or the accounts do not accord with those records; or the accounts do not cornply with the appllcable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports} Regulation5 2(M)8 other than any requirement that the accounts Eive 3 true and fair view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other matters in connection wlth the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jamie Mlller M.A.A.T. The Association of Accounting Techniclans Phipps Henson McAllister Chartered Accountants 22-24 Harborough RId Kingsthcrpe Northampton NN2 7A1 11 April 2025 Pa8e 3
BROUGHTON UNDER FIVES ASSOCIATION STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestrlcted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROfvI Donations and legacies 133,501 107,681 EXPENDITURE ON Charitable activltles Char6ty Actlvlty 103,803 120,680 NET INCOMEI(EXPENDITUREI 29.698 112,9991 RECONCIUATION OF FUNDS Total funds brought forward 46,018 S9,017 TOTAL FUNDS CARRIED FORWARD 75,716 46.018 The notes form part of these financial statements Page 4
BROUGHTON UNDER FIVES ASSOCIATION BALANCE SHEEr 31 AUGUST 2024 2024 Unrestricted fund 2023 Total f unds Note5 CURRENT A5sErs Cash at bank 74,044 46,018 CREDITORS Amounts falling due wlthin one year 1,672 NET CURRENT ASSETS 75,716 46,018 TOTAL ASSETS LESS CURRENT LIABILITIES 75.716 46,018 NEf ASSErs 75,716 46,018 FUNDS Unrestricted funds 75.716 46,018 TOTAL FUNDS 75,716 46,018 The financial 5tstements were approved by the Board of Trustees and authorised for issue on 11 April 2025 and were signed on its behalf by: E Smyth-Trustee A Millership- Trustee The notes form part of these flnancial statements Page 5
BROUGHTON UNDER FtVES ASSOC5ATION NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'AccountinE and Reporting by Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland IFRS 1021 {effective l January 2019),, Flnancial Reporting Standard 102 The Financi21 Reportlng Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Ststement of Financial Actlviiies once the charlty 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 expendtture as soon as there is a legal or constructive obligation commltting the ¢harlty to that expenditure, It Is probable that a transfer of economic benefits wlll be required in settlement nd the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headlngs that aggregate all cost related to the category. Where costs cannot be direttly attributed to particular hÈadlngs they have been allocated to activlties on a basis consistent with the use of resources. Taxatlon The charity is exempt from tax on its charitsble activitles. Fund accounting Unrestrlcted funds can be used In accordance with the charitable objectsves at the discretion of the trLtStees. Restricted funds can Dnly be used for particular restricted purposes within the ob]ects of the tharity. Restrictions arise when specified by the donor or when funds are raised foi particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 August 2024 nor for the year ended 31 Ausust 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 August 2Q24 nor for the year ended 31 Augvst 2023. Page 6
8ROUGHTON UNDER FIVES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 COMPARATIVES FOR THE STATEMEwf OF FINANCIALAcfiviTIES Unrestrlcted fund INCOME AND ENDOWMENTS FROM Donations and legacies 107,681 EXPENDITURE ON Charltable actlvlties Charity Activity 120,680 NET INCOME/IEXPENDITURE} 112.9991 RECONCILIATION OF FUNDS Total funds brought forward 59,017 TOTAL FUNDS CARRIED K)RWARD 46,018 CREDtroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors (2,086) 413 11,6721 MOVEMENT IN FUNDS Net movement in funds At 3118124 At 119123 Unrestrlcted funds General fund 46,018 29.698 75,716 TOTAL FUNDS 46,018 29,698 75,716 Pa8e 7
BROUGTrtfoN UNDER FIVES ASsoaATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR ThE YEAR ENDED 31 AUGUST 2024 MOVEMEKf IN FUND5- ¢ontlnued Net movement in funds, included in the abDve are as follows: Incoming resources Resources expended Movement infunds UnrÈstricted fur$ General fund 133,501 {103,803) 29,698 TOTAL FUNDS 133.501 1103M13) 29,698 Comparatiwe5 for movement in funds Net movement in funds At 3118123 At 119122 Unrestricted funds General fund 59.017 112,9991 46,018 TOTAL FUN05 59.017 {12,999} 46,018 Comparatlve net movement in funds, included in the above are as follows.. Incomlng resource5 Resourtes expended Movement in ndS Unrestrlcted funds General fund 107,681 1120,6801 112,9991 TOTAL FUNDS 107,681 1120,6801 112,9991 A Current year L2 rnonths and prior year 12 months combined posltion is as follows.. Net movement Sn funds At 3118124 At 119122 Unrestricted fvnds General fund 59.017 16,699 75,716 TOTAL FUNDS 59,017 16,699 75.716 Pa8e 8
BROUGHTON UNDER FIVES ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS. contlnued A current year 12 month5 and prior year 12 months comblned net movement in funds. included in the above are as follows.. Incomlng resources Resources expended Movement in funds Unrestrtrted funds General fund 241,182 {224,4831 16,699 TOTAL FUNDS 241.182 1224,483} 16,699 REL4TED PARTY DISCLOSURES There weie no related party transactions for the year ended 31 August 2024, Page 9
BROUGHTON UNDER FIVES ASSOCIATION DETAILED STATEMEpif OF HNANaAI ACTIVITIE5 FOR THE YEAR ENDED 31 AuGusf 2024 2024 2023 INCOME AND ENDOWMENTS Donatlans and le8a¢les Fees Donations Fundraising Grants - NCC 17,943 229 70 115,259 25,526 367 1,400 80,388 133,501 107,681 Total incoming resources 133,501 107,681 EXPENDITURE Charitable activfties Wages Premises Expenses incl Rent Insurance Telephone Postage and stationerv General Expenses Snacks/Refreshments Equlpment Other Expenses Computer equipment150ftware Professional Fees Staff training 75,984 14,329 977 86 327 564 1052 96,489 13,307 932 116 2,808 1,041 1,598 1,545 2,519 2,364 4,975 497 102,135 120,355 Support costs Finance Bank charges Governance costs Accountancy and leg31 fees 1,663 325 Total resources expended 103.803 120,680 Net Incomel(expenditure) 29,698 112,999) This page does not form part of the ststutory flnanclal statements Page 10