Charity registration tLumber.' 1024522 Eldene Pre- School Annual Report and Financial Statements for the Year Ended 31 March 2024
EldeDe Pre- School Contents (contiDued) Reference and Admtnistrative Details Trustees. Report Statement of Trustees, Responsibilities Independent ExamiD¢rf5 Report Statement of Financial A¢livities Balance Sheet Notes to the Finanrial Statem¢nts 7t014
Eldene Pre- School Reference aDd Admini8tr2tive DetaiL8 Trustees Tina Alpardi Ann- Marie Hanr8han Natslie Haddrell Nicola Timbrell Kian He8rd Jessica Wallace Anthony Mcauley 1024522 Charity RegistratioD Number Principal 0]ee Elden¢ Comrnunity C¢ntre EldeThe Swindon SN3 3R2 Pag¢ I
EldeDe Pre- School Trustees. Report The lSIceS present the amiual report together with th¢ financial statements of the charity for the year ended 31 March 2024. Objectives and activities Objectives. strotWeS 4Md &diTryti£s The chariry Wds formed by PPA Playgroup Conllituiion on 18ih May 1993 to enhance the development and education of children under 5talutory school age by en¢ournging parents to undelstand and provide for the needs oftheir children through community group5. The charity is managed by ¢omrnitt¢e members. wlK¥ are trustees. with the main activitie5 being the organisation of Eldene Playgroup. The charity is not reliant upon substantial voluntary services. There have been no significant hanges in the objecTives. organisation or policies in the year under r¢view or sin¢¢. Public benefil The trusttts confim] that they have complid with the TequTrements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wal¢s. Fin*n¢ial review During the year incoming resources totalled £306,126 (2023 - £286.927}, and resources expended iotalled £322,71712023- £278.402}. Further details are disclosed on page 5. Th¢ ¢harity is financed primarily by fees chargeable to users of the Playgroup and Local Authority funding. The charity's cash and bank d¢posits. which are considered adequate for future obligations. are shown on page 6 and are held for the onooino needs of Ihe ¢hariry. Going concern Additional staff were emplyed to meet d¢mand for tUre scssions and cost of encrg). Temain¢d high. Increassed sessions will generate new funds and redu¢e loss. tkspit¢ the increased st of aff and energy. the trustees feel that these in¢reased costs are not significantly impacting on the ability of the charity to continue a going concern. The annual reFK)rt was approved by the trteeS of the charity on .. signed OD its behalf by: Ann- arie Hanrahan Trustee Page 2
Eldene Pre- School Statement of Trustees, Responsibilities The trustees are responsible for preparing the tnLStees' report and the financial statements in accordance with the Uniled Kingdom Accounling Standards (United Kingdom Generdlly Accepted Accounting PrdCtice} and applicable law and regulations. The law applicablc io charities requires ihe trustees to prepare financial statements for each finaiicial year which give a true and fair view of the Sfate of affairs of the Charity and of the incoming resources and application of resource5 of the charity for that period. In preparing these financial statements. the trnstees are required to.. select 5Ultable accounting policies and then apply them consistently. observe the methods and princtples in the Charities SORP; make Judgements and estimates that are reasonable and PTud¢nt" state whether applicable ac¢ouniing standards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going con¢¢rn basis unless it is inapptDpriate to presume that the charity will continue in business. The trustees are r¢sponsibl¢ for keeping propeT #¢¢ounting Te¢ords th4t di5c105e with reasonable accura¢y at any time the fmaDcial p051tion of the charity and enable them to ensure that the financial statements coinply with the Charities Act 2011. Ihe Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. The trustees are also responsible for safeguarding the asseis of the Charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. The tNslees are responsible for the maintenance and integrity of the corporate and financial information included on the ¢haritabl¢ ¢o¥npany's websitc. Legislation governing the pParatIon and dissemination of financial statements may differ from legislation in other jurisdictions. Approv¢d by the trustees of th¢ ¢harity on . and signed on its behalf by.. Ann- Marie Hanrahan Trustee Page 3
Eldene Pre- Scbool Independent Examiner's Report to the trustees of Eldene Pre School I report to the trustees on my examination of the accounts of Eld¢ne Pre- School for the year ended 31 Mh 2024. Responsibilities and basis of report As the charity trustees of Eldene Pre- Sch¢M)l you ar¢ responsibl¢ for th¢ pr¢paration of th¢ a¢¢ounts in a¢¢ordanc¢ with the requirements of the Charities Act 20111'the Act,). I report in resptci of rny examination of the Eldene Pre• School's accounts carried out under section 145 of the 2011 Act and in canytng oui my examination I have followed 811 the applicable Directions given by the Charity Commission under section 145{5Kb) of the Act. IDdep¢ndent exmtner's statement Since Eldene Pre- School's gross income exceeded £250.000 your examiner must be a member of a kndy listed in section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confimi that no erial matters have ¢om¢ to my atsenlion in connectiOD with the examination giving me cause to believe that in any material respect.. accounting rordS w¢r¢ not kept in respect of Eldene Pre- SchcK)l as required by section 130 of th¢ Ad. or 2. the accounts do not a¢cord with those records. or 3. the acwunts do t Comply with the accouniing requirements concerning th¢ fomi and content of a¢counts sei 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 concems and have come across no other matters in connection with the examination to which attention should b¢ drawn in this rep)rt in order to enabl¢ a proper understanding of the cOUnts to b¢ ached. Ewa Radzikowska FAT Hinton Abbott AccountaThts ? Kingsdown Orchard Hyde Road Swindon SN2 7RJi Dale-. Page 4
F.Idene Pre- School Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 UDrestricted Note Income and Endowments from: Charitable aetivili¢s Interest rec¢ivable 306,125 306,125 Total incom¢ 306,126 306.126 Expenditure on: Charitable a¢tivities {322,717) (J22.717) Total ¢xp¢nditure {322.717) {322.717) Net movement in fill)ds (16,591) (16,591) Reconciliation of fuDds Total funds broughi forward 43,861 43,861 Total funds carried forward 15 27.270 27,270 Total 2023 UDrestri£ted funds Note Income and EDdoivments from: Charitable activities Inv¢stm¢nt inwm¢ 286,923 286,923 Total income 286.927 286,927 Expenditure on". Charitable aclivities (278,402} (278,402) Total expenditure 1278,40?) {278,40?) Net income 8,525 8.525 Net movement in funds 8.525 8,525 Recontili*tioD of funds Total fun(ts brought forward 35.337 Total funds ¢arried forward 15 43.862 43,862 All of the charity's activities derive from continuing operaiions during the above two periods. The funds breakdown for 2023 is shown ID note 15. The rteS on pages 7 to 14 forni an integral part of these fiTJancial slatem¢nts. Page 5
EldeDe Pre- School (Registration number: 1024522) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 3,738 2,781 Currenl assets Stocks Debtors Cash at bonk and in hand 10 221 1.805 244 2,347 39,598 12 42,189 Creditors: Amounts falling due within one ye¥r 13 (8.864) 1.108) Net current aets 23,532 41,081 Net assets 27270 43,862 Funds of the chgrity: Unrestricted income funds Unrestricted funds 27.270 43.862 TotAI funds 15 27,270 43,862 The financial statements on pages 5 to 14 were approved by the trust¢¢s. and authoris¢d for issue on and signed on their behaifby: Ann- Marie HanTahan Trustee The notes on pages 7 to 14 fonn an Integ part of th¢se financial slatem¢nts. Page 6
EldeDe Pre- School Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of compliance The financial slatemenis bave been prepared in accordance with the second edition of the Chariti¢s Stst¢ment of Recommended Practire issued in October 2019, the Financial Reporting Standord applicable in the Uniled Kingdom at)d Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Eldene Pr¢- School meets the definition of a public benefit entity under FRS 102. The accounts {financial statements) have been prepared under the historical cost convenlion with items recognised at C05t or transartion value unless otherwise stated in the relevant note(s) to ihes¢ ¥wunts. Going concern The trustees consider that there are no material unc¢rtainties alx)ut the charity's ability to continue as a going concem. Ineome and endowments Incoming re50urce5 are report¢d £ross and are recognised when receivable. EipeDditure All expenditur¢ is re¢ognised once there is a legal or constru¢tiv¢ 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 aggregaie similar Costs lo that category. Where costs cannor be directly attributed to particular headings they have been allocated on a b&sis consistent with the us¢ of r¢sources. with centrdl staff Costs allocated on th¢ basis of time spent. and depreciation charges allocated on the portion of the as5¢t'5 ¥s¢. Other support costs are all0¢ed based on the spread of staff costs. Charilable aclivilies Charitabl¢ expetjdlr¢ comprises those costs incurred by the charity in the delivery of its activiti¢s 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 SUPPOrt them. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit. strdtegic managemeni and trustees meetings and reimbursed expenses. Tax#tioty The charity is consid¢red to pass the tests sei out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble ¢OTnpony for UK corw)ration tax purp)s¢s. A¢¢ordingly. the charity is potentially exempi from taxation in rcspert of income or capital gains received within categories covered by Chapter 3 Part I I of th¢ Corporation Tax Act 2010 or Section ?56 of the Taxation of Chargeable Gains Act 1992, to the ext¢nt that such income or gains are applied exclusively to Charitable Purposes. Page 7
Eldene Pre- Scbool Notes to the Financial Statements for the Year Ended 31 Marcb 2024 (continued) Tangible fixed #$stts Individual fixed assels ¢osting £ll)O.00 or more are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impairnient losse5. Depreciation and amortisation Depreciation is provided on tangible fixed &ssets so as to WTite off the cost or valuation. less any eslimal¢d residual value, over their expected useful economic life as follow5.. Asset class Property iEnprovements Computer equipment P&M Furnitur¢ and Fittings Equipm¢nt Depreciation method and rate 100/0 Reducing balance method 250A Straigl)t line method 200/0 Straight line method 200/0 Stroight line method 15Q/o Reducing balance method Stock Stock is valu¢d at the lower of ¢ost and estimated selling price less costs to complete and sell. after due regard for obsolete and slow moving stocks. Cost is detern]incd using th¢ fiTSi-in, fiTSt-OUt (FIFO). Trade debtors Trade debtors are amounts due frotn Customers fr*r m¢rchandise wld or services perfomied in the ordinary course of business. Trade debtors are recognised initially at the tranwtion price. They are stjbsequently measured at amortised Cost using the efTective interest method, less provision for impairnienl. A provision for the impaim)ent of trade debtors is established when there is objeciive evidence the charity will not be able to collect all amounts due according to the original tenns of ihe receivables. Cash and cash equivalents Cash and ¢ash equivalenis ¢omprise c&sh on hand and call deposits. and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subjcd lo an insignificant risk of change in value. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary Course of business from suppliers. Accounts payable are cl&8sified as current liabilities if the does noi have an unconditional right, at the end of the reporting period, lo defer settlement of the crediior for at least twelv¢ months after the reporting date. If there is an unconditional right io def¢r sertlement for at least twelve months after the reponing date, they are presented a5 non-current liabilities. are rQgI)Ised initially at the transaction price and subsequently measured at 8mortis¢d ¢ost using ihe effecknve interest method. Page 8
Eldene Pre- School Notes to the Financial Statements for the Year Ended 31 March 2024 (contlnued) Fund structure Unrestri¢red income funds are g¢n¢ral funds that are available for use at the trustees discretion in furtherance of the objectives of the charity- Pensions and other post retirement obligations Th¢ charity op¢rales a defin¢d contribution pension scheme which is a pen5&0n plan undcr which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay fvrther contributions even if the fund does not hold sufficient assets to pay all employe¢s the ben¢fits r¢lating to employee service in the ¢urrenl and prior periods. Contributions to defin¢d contribution plans are rccognis¢d in the Statement of Financial Aciivities when they are due. If ¢ontribution payments exceed the contribution du¢ for seryice, the excess is recognised as a prepayrnent. 2 Ineome from charitable artivities Unrestricted funds General Total funds Provision of facilities 306.125 306,125 Totsl for 2024 306,125 306,125 Totsl for 21n3 286.923 286.923 3 Investment income Unrestrieted funds G¢tttral Total funds Intcrcst rcreivable and similar income- Interest receivable on bank deposits Totsl for 2024 Total for 2023 Page 9
Eldene Pre- School Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 4 Expenditure on ch2ritable a¢livilies Unrestricted fund5 Gener*1 Total 2024 Total 2023 Note Provision of facilities Provision of facilities D¢pre¢iation. amortisation Mnd other similar costs 281410 282.410 235,776 802 802 39,505 1,947 40,679 Governance costs 3??.717 322,717 278,402 5 Anaty5is of governance and support costs Govern4nce costs Unrestricted runds General Total funds Staff costs Social security costs Pension costs Bookkeeping fees Other fees paid lo accountants Other governonce costs 1,073 4,646 30,683 1.800 .303 ,073 4,646 30,683 1.800 1,303 Totsl for 2024 39,505 39,505 Total for 2023 40,679 40.679 6 Net incomingloutgoillg resources Net (outgoingyincoming resourccs for the Y include: 2024 2023 Bookkeeping fees Depreciation of red &ssets 30.683 802 28,386 .947 Page 10
Eldene Pre- Sehool Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 7 St8trcosts The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Social security costs Pension Costs 1.073 4.646 7,201 3,017 5,719 10,218 The monthly average number of persons lincludlng senior management I leadership team) ¢mployed by th¢ charity during the year expressed Is full time equivalents was as follows: 2024 2023 Sthff members during the year 20 16 No employee received emoluments of more than £60.000 during the year Pagell
Eldene Pre- School Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (eontinued) 8 Taxatio The charity is a registed charity and is thercforc cxempt from t&xation. 9 Tangible red assets Land and building5 Furniture and equipment Total Cost At l April 2023 Additions 6.325 37,973 1,873 44,298 1,873 At 31 March 2024 6,325 39,846 46.171 Deprecigtio At l April 2023 Charg¢ for the year 4.611 464 32,383 4,975 36,994 At 31 March 2024 5,075 37.358 42,433 Net book value At 31 March 2024 1,250 2,488 3,738 Ai 31 Mah 2023 1,714 5,590 7,304 In¢lud¢d within the nei book valve of land and buildings above is £Nil (2023 - £Nill in resp¢¢t of freehold land and buildings and £1,250 (202)- £1.388} in respect of leaseholds. 10 Stock 2024 2023 Stocks 221 244 I l Debtors 2024 2023 Trade debtors Prepayments Accrued income (155) ?25 1,735 1155) 1,514 988 1.805 2.347 Page 12
Eldene Pre- School Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 12 Cash and cash equivalents 2024 2023 Cash oll hand Cash at bank ,291 29.079 965 39.598 13 Creditors: amounts falling due within ont year 2024 2023 Trade ¢reditor5 Other taxation and social security Accruals 3.123 4.633 1.108 1,108 8,864 1,108 14 Pensiott *Dd other sthemes Defined contribution pension scheme The charity operates a defined contribution InsIOn sch¢m¢. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4.646 {2023 - £3.017). Pag¢ 13
Eldene Pre- School Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) A5 Funds Bal*nee xt I April 2023 Intoming resources Resources expended Balance at 31 Mareh 21124 Vnre$tricted fuuds Genernl 43,861 306.126 {J22,717) 27.270 Balance 4t I April 2022 Incoming rt50urces Resources expended Balance at 31 March 2023 Unrestricted funds General 286.927 1278.402) 43.862 16 Anaty$is of nel assets between funds Unrestrieted fuDds General Total funds At 31 March 2024 Tangible fixed &ssets Current assets Current liabilities 32.396 (8,864) 32.396 18,864) Total net assets 27.270 27.270 Unrestricted funds General Total funds at 31 Marth 2023 Tangible fixed ets Current assets Current liabilities 2,781 42,189 {1.108) 2,781 42,189 {1,108) Total net assets 43.862 43.862 17 AnAIy5i5 of n¢t funds At l April 2023 At31 Mareh 2024 CLsh at bank and in hand 39,598 39.598 Nel debt 39,598 39,598 Page 14
Eldene Pre- School Statement of Financial Activities by fund for the Year Ended 31 March 2024 Total Unrestriettd 2024 Llllmtri¢ted 2023 Ineome and Endowmettts from: Charitable activities Investment income 306,125 286,923 Total income 306,126 286,927 Expenditllre on: Charitable activities 322,717 278,402 Total expenditure 322,717 278.402 Net (expenditur¢yincom¢ (16,591) ,525 Net movement in funds (16,591) 8,525 Reeonciltation of funds Total ndS brought fomrd 43.861 Total ndS carried forward 27,270 43,862 This page does not fonn part of the statutory financial statements. Page 15
Eldene Pre- School Detailed Statement of Financial Activities for the Year Ended 31 Mareh 2024 Totsl 2024 Total 2(123 ChoritablÉ activiti App¢als and don&tions Local authority fundin8 Session fees Sales of purchascd goods 50 236,095 69,776 207,689 78,962 272 306.125 286,923 Inlerut receivable Bank loyalty reward Charilable oclivities Pur¢hases Consumables Wages and salarie5 Rent Website cost Legal and professional fees Depreciation of long leasehold property D¢pr¢ciation of plant and Mh]nery tkpre¢iation of fixture5 and fittings Depreciation of office equipment Staff training Insurance 931 12,491 235.648 16.782 ,431 1.764 139 12.242 201.716 14.965 832 623 154 1.230 480 83 989 266 397 3,974 ,204 5,438 2,747 1.073 4,646 .186 Repairs and maintenance Printing. postage and stationery Staff NIC {Employers) Stsff pensions (D¢fined contTTrbutioD)- pen5iOD scheme I Telephone and fax Travel and subsistence Accountancy fees Bookkeeping aftd administraiion Bonk charg¢s 981 2,206 7.201 3,017 756 1.800 30,683 106 1.200 28,386 119 322,717 278,402 This page does not forni part of the statutory financial statements. Page 16