Charity registration number: 1023558
## **Bledlow Pre-School**
Annual Report and Financial Statements for the Year Ended 31 August 2023
## **Bledlow Pre-School**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Statement of Trustees' Responsibilities|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 10|
## **Bledlow Pre-School**
## **Reference and Administrative Details**
**Chairman** Sabina Ahmad **Trustees** Sabina Ahmad Jennifer Mitchell Victoria White **Charity Registration Number** 1023558 **Principal Office** Bledlow Village Hall Chinner Road Bledlow Bucks HP27 9QF **Independent Examiner** Chimes Accountancy Services Ltd
Page 1
## **Bledlow Pre-School**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 applicable Charities (Accounts and Reports) Regulations, 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.
Approved by the trustees of the charity on ………………. and signed on its behalf by:
Page 2
## **Bledlow Pre-School**
## **Independent Examiner's Report to the trustees of Bledlow Pre-School**
I report to the trustees on my examination of the accounts of Bledlow Pre-School for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity trustees of Bledlow 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 Bledlow 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 Bledlow 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.
……………………………. Marina Legge FCCA
……………………………
Page 3
## **Bledlow Pre-School**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|**Note**
**Income and Endowments from:**
Donationsandlegacies
Charitable activities
Investmentincome
4
Total income
**Expenditure on:**
Raising funds
Charitableactivities
Total expenditure
Net movement in funds
**Reconciliation of funds**
Totalfunds brought forward
Totalfunds carried forward
9|**Total**
**Total**
**Unrestricted**
£
**2023**
£
**2022**
£
741
741
2,379
49,809
49,809
67,718
331
331
4|
|---|---|
||50,881
50,881
70,011|
||-
(59,242)
(59,242)
(65,448)|
||(59,242)
(59,242)
(65,448)|
||(8,361)
(8,361)
4,663
50,679
50,679
46,016|
||42,318
42,318
50,679|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 9.
The notes on pages 6 to 10 form an integral part of these financial statements. Page 4
## **Bledlow Pre-School**
## (Registration number: 1023558) Balance Sheet as at 31 August 2023
|Note
**Current assets**
Cash at bank and in hand
7
**Creditors: Amounts falling due within one year**
8
**Net assets**
**Funds of the charity:**
**Unrestricted**income**funds**
Unrestricted funds
**Total funds**
9|2023
£
46,620
(4,302)
42,318
42,318
42,318||2022
£
54,324
(3,645)|
|---|---|---|---|
||||50,679|
||||50,679|
||||50,679|
The financial statements on pages 4 to 10 were approved by the trustees, and authorised for issue on ………………………and signed on their behalf by:
…………………………………….
The notes on pages 6 to 10 form an integral part of these financial statements. Page 5
## **Bledlow Pre-School**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **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**
Bledlow 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.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **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.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **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 on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 6
## **Bledlow Pre-School**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## _**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 audit, strategic management and trustees’ meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interestbearing 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.
## **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.
Page 7
## **Bledlow Pre-School**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
**Total for 2023**
**Total for 2022**
**3 Income from charitable activities**
Preschool
**Total for 2023**
**Total for 2022**
**4 Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
£
741
741
2,379
**Unrestricted**
**funds**
**General**
£
49,809
49,809
67,718
**Unrestricted**
**funds**
**General**
£
331
331
14||**Total**
**funds**
£
741
741
2,379
**Total**
**funds**
£
49,809|
|---|---|---|---|
|||||
|||||
||||
49,809
67,718
**Total**
**funds**
£
331
331
14|
|||||
|||||
Page 8
## **Bledlow Pre-School**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **5 Analysis of governance and support costs**
## **Governance costs**
|Audit fees
Other fees paid to auditors
**Total for 2023**
**Total for 2022**|**Unrestricted **
**funds**
**General**
£
`90`
`90`
`90`|**Total**
**funds**
£
`90`|
|---|---|---|
|||`90`|
|||`90`|
## **6 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **7 Cash and cash equivalents**
|**7 Cash and cash equivalents**|**7 Cash and cash equivalents**|**7 Cash and cash equivalents**||
|---|---|---|---|
|Page 9
Cash at bank
8Creditors: amounts falling due within one year
Othercreditors
9 Funds
Balance at 1
September
Incoming
**2022**
**resources**
£
£
Unrestricted funds
General
Unrestricted funds
General
50,679
50,881
**Balance at 1**
**September**
**Incoming**
**2021**
**resources**
£
£
46,016
70,111|||**2023**
**2022**
£
£
46,620
54,324
**2023**
**2022**
£
£
4,302
3,645
Resources
Balance at 31
**expended**
£
**August 2023**
£
(59,242)
42,318
**Resources**
**Balance at 31**
**expended**
**August 2022**
£
£
(65,448)
50,679|
|||Page 9
**Balance at 1**
**September**
**Incoming**
**2021**
**resources**
£
£
46,016
70,111||
|||||
## **Bledlow Pre-School**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2023**
|**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net income
Net movementinfunds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Total**
**Unrestricted Unrestricted**
**Funds**
**Funds**
**2023**
**2022**
£
£
741
2,379
49,809
67,718
331
14
50,881
70,111
-
(65,448)
(65,448)
(65,448)
(65,448)
4,663
4,663
4,663
4,663
46,016
46,016
50,679
50,679|**Total**
**Total**
**Unrestricted Unrestricted**
**Funds**
**Funds**
**2023**
**2022**
£
£
741
2,379
49,809
67,718
331
14
50,881
70,111
-
(65,448)
(65,448)
(65,448)
(65,448)
4,663
4,663
4,663
4,663
46,016
46,016
50,679
50,679|
|---|---|---|
||||
||||
This page does not form part of the statutory financial statements. Page 10
## **Bledlow Pre-School**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2023**
|**Income and Endowments from:**
Donations and legacies(analysedbelow)
Charitable activities (analysed below)
Investment income (analysed below)
Totalincome
**Expenditure on:**
Raising funds (analysed below)
Charitable activities(analysedbelow)
Total expenditure
Net income
Net movementinfunds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward||**Total**
**2023**
`£`
741
49,809
331
50,881
-
(59,242)
(59,242)
(8,361)
(8,361)
50,679
42,318||**Total**
**2022**
`£`
2,379
67,718
14|
|---|---|---|---|---|
|||||70,111|
|||||-
(65,448)|
|||||(65,448)|
|||||4,663|
|||||4,663
46,016|
|||||50,679|
This page does not form part of the statutory financial statements. Page 11
## **Bledlow Pre-School**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2023**
|**_Donations and legacies_**
Appeals and donations
Fundraising income
**_Charitable activities_**
Funding&fees
Other income
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
**_Charitable activities_**
Wages and salaries
Staff training
Premises costs
Consumables
Equipment
Administration expenses
Sundry expenses
Insurance
Accountancy fees||**Total**
**2023**
£
0
741
741
49,809
0
49,809
331
331
10|**Total**
**2022**
£
1,050
1,329|
|---|---|---|---|
||||2,379|
||||67,718
0|
||||67,718|
||||14|
||||14|
||||0|
|||**10**|0
48,236
959
7,086
1,122
5,089
603
2,263
0
90
65,448|
|||47,282
208
5,937
143
2,748
537
1,331
956
90||
|||59,232||
This page does not form part of the statutory financial statements. Page 12