Charity regisiraiion nwnber: 1025265 West Totton Squirrels Pre-school Learning Alliance Annual Report and Financial Statements for the Year Ended 31 Augusi 2023 West Totton Squirrels Pre-school Learning Alliance Contents Reference and Administrative tktails Tn￿tee5, RepoTI 2to5 Statement of Trustees, Responsibilities Independent Exarniner's Report Sthtemeni of Financial Activities Balance Sheet Notes to the Financial Statements Ioto 17 West Totton Squirrels Pre-school Learning Alliance Reference and Administrative Details Trustees Alison Hobbs April Davies Chelsey Morgan Jennifer Lay Jenny Marsh Joanne Cross Kim Davi¢s, Treasurer Michelle Earl Charity Registration Number 1025265 Principal Office West Totton Community Centre Haz¢1 Farni Road Totton Southampton Hampshire S040 8WU Independent Examiner R. A. Jones & Co Chartered Accountants 38 Rumbridge Street Totton Southampton Hampshire S040 9DS Page I West Totton Squirrels Pre-school Learning Alliance Trustees, Report The trustees present the annual report tO8ether with the fmancial statements of the charity for the year ended 31 August 2023. Objeelive5 and activities Objects ond aims The aims of the Pre-school are to enhanc¢ the development and edu¢ation of children primarily under statutory school age by encourd81118 parents to understand and provide for the rteeds of their children through community groups and by.. (a) offering appropriate play, education and car¢ facilities, fèmily learning and extended hours group5, together wilh ihe right of par¢nt5 to take r¢sponsibiSity for and to b¢com¢ involved in the activities of such group& ensuring that such groups offer opportunities for all children whatever their race, ¢ulture, religion, Tnean5 or ability. (b) encouraging the stttdy of the needs of such children and ihekr families and promoting public interest in and recognition of such needs in the local areas. (c) instigatirtg And adhering to and furthering the aims And obje£ts of the Pre-school Learning Alliance. Public benefil Our main activity 15 to deliver care and educaiion to children between the ages of 2 and 5 within the Early Years Foundation Stage and we aTe a fully inclusive setting. To do this we employ a tnanag¢r and praciitioneTS who provide activities to meet the need5 and interest5 of the children attending the Pre-school. The Pre-￿h0o[ has a key person approach to ensure ihai the progress and well-being of all individual children i5 con5lSt¢ntly monitored using the online leaming joumal Tapestry and feed5 into future planning. The staff are well trained and this is upthed throughout the year and are therefore able to successfully meet the nee(ts of the children in their care. The staff endeavour to provide a stimulating environment inside and outside and provide inforniation to SFYC, schools and outside agencies as necessary. The siaff blkild posittve relationships with parenis and ear¢rs and they are welcomed into the Pre-school. There are policies and procedure5 in place for all aspecis of safeguarding. child pr0￿ction. risk assessments and health and safely and the Pre-schogl ensuTe5 thai all sthtTare familiar with these and are updated r¢gularly The trnstees eonfirni that they have complied with the requirements 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 Wales. Page 2 West Totton Squirrels Pre-school Learning Alliance Trustees, Report (continued) Aebievements and performanee The charity has continued to benefit the local communiry by supporting pre-sch(Kkl ¢hildr¢n and have seen the children in their care develop increased confidence and social skills whi¢h have equipped them for later life. The charity has also provided much needed support io families of th¢ children in their care and in particular io parents and carers of children with learnirtg difficulties and other developmental issues. The Pre-school always bears in mind any particular issues or diffkcult1¢5 whi¢h the children in their care may suffer and through a system of encouragement and support they have endeavoured to help the children reach their full poieniial which will carry through io their futttre lives. The preschool welcomes all preschool children in the local COTnTnunity regardless of personal background, f2ith, gender or personal circumstsnces and we believe this philosophy of openness to all enriches everyone through the integration and sharing of skill& apiitudes and experienees. It was a busy year at West fotton Squi￿els preschool and another group of children have left to continue their learning journey at school. Th¢ staff have helped them on their way by planning lois of learning activities and experiences. Squirrels hopes to build on the achievement of the pasi year to develop new systems and aciiviiies and to provide continued training for its stsff and volunteers Fin#n¢i*l review The main source of funds i5 government funding from Hatnpshir¢ County Council supplemented by fees harged to parents and a small amount g¢nernted from fund raising activitie5. The overall income for the year was broadly the same as for ihe prior year bui a significant increase in staff costs re¢tsueed the nel income of the Pre-school compared to ihe prior year. N¢vertheless the charity's finances continue to b¢ Sound with more than adequate reserves to meet current and foreseeable expenditure in the medium ￿￿ PDliry on reserves The Pre-whool considers that it should have minimum reserve5 of £IOO,000 to cover in¢reased cosis or redundan¢i¢5 Wlth a further atnouni to cover between 6 and 12 months of running costs, repla¢ernent of equipment. exceptional items and emergencie5. It Considers that the ac¢umulated funds set out in the financial statements are more than adequate to cover ihese amounts Page 3 West Totton Squirrel$ Pre-school Learning Allianee Trustees, Report (continued) Trustees and officer% The irustees and officers serving during the year and since the year end were as follows.. Tnjstees: Aimee Louise Dibden {apFM)inted 10 October 2022 and Resign¢d 21 October 20241 Alison Hobbs lapp(Trinted 10 October 2022) April Davies (appointed 21 (ktober 2024) Che15ey Morgan {appointed 21 October 2024) Holly Harris (Resigned 10 October 2022) Jennifer Lay (appointed 10 October 2022) Jenny Marsh {appoiDt¢d 25 November 2024) Jessi¢a Manin (Resigned 10 October 2022) Joanne Cross (appointed 21 October 20241 Katie Wilkinson (Resigned 10 October 2022) Kery Eggleton {appoint¢d 14 November 2022 and Resigned 18 April 2023) Kim Davies, Treasurer (apN)inted 21 October 2024) Kristie Ullell (appoint¢d 18 Ociober 2023 and Resigned 21 October 2024) Liz Clayton (appointed 10 October 2022 and ReSS￿ed 20 tkcernber 2024) Michelle Earl {appointed l O October 2022) Niki Lace, Manager {re5igned 10 October 2022) Rebecca Johnson (Resigned 10 October 2022) Sarn Jenkins (appointed 18 October 2023 and Resigned 21 O¢tober 2024) Sarah Bro￿TI {appoin*d 14 November 2022 and Resigned 18 Ocwber 2023) Tara Baker IR¢sÈgned 10 October 2022) Chairperson: Airnee Louise Dibden (appointed 10 O¢lober 2022 and Resi￿ed 21 October 2024) Katie Wilkinson (R¢signed 10 October 2022) Structur& govern¥nce and management Nalure afgoverning documeni The Pre-school is governed by the Pre-school Learning Alliance Model Pre-school Constitution 2011 aftd is a b(Kly in membership of the Pre-school Learning Alliance. Page 4 West Totton Squirrels Pre-sehool Learning Alliance Trust¢e$' Report (continued) Recrulimeni tshd appolnlmenl of iruslees The ￿SteeS ar¢ ele¢ted annually at the AGM by the members of the association as sei out in the constitution. Any m¢mb¢r may srand for election as a truste¢ Ls may key staff members. There is a child protection policy in place. Disclosur¢ and baTring service checks are ¢atTied out prior to cornmencement of employrnent or twsteeship Arr47ngementslorsettlng mqnogemenlpersonnel r¢muneralion AII tNstees, with the exception of key stsff, give iheir Èim¢ voluntarily and receive no remuneTation or other benefits. Key statT are remuneAt¢d solely for their duties as ¢mployees of the preschool for the perfomance of these duries and noi for dutie5 a5 trustees. No other pa>m¢nts or expenses were paid to trustees during the year. OrRoMls&ilonalstruclure The Pre-school ss an uni¢orporated association. Mujor rlskw ondmanagem¢MI ofihose rts A5 an ongoing process trustees assess the level of risk in relation io governance, service. employment. health and safety, child protection. finanrial managemeni and information management. The trnste¢s keep under review the major business and opertion risks thai the ¢harity faces and ensure that monitoring 5y5tems have been established 50 that ihe necessary Steps can be taken to lessen the risks. The annual r¢port was approved by the trustees of the charity on 21 February 2025 and signed on its behalf by.. Kim Davies Trustee Page 5 West Totton Squirrels Pre-school Learning Allignce Statement of Trustees, Responsibilities The trustees are regponsible for pr¢parÈng the rrustees. report and th¢ financial staiemenis in accordance with the United Kingdom Accounting Standards (United Kingdom G¢nerally Aecepied Accounting Practice) and applicable law and regulatlOll5. Th¢ law applicable io charities require5 the trustees to prepare financial statements for each fjnancial year which give a tNe and fair view of the State of affairs of the charity and of the incoming resources and application of r¢souTC¢S of the charity for that period. In preparing ihese financial staiements, the trusi¢es are required to.. select suiiable accounting policies and then apply them consistently- observe the methods and principles in the Chariiies SORP; make judgements and estimates that are reasonable and prudent: stste wh¢iher applicable accounting 51andards have b¢en followed, subject to any material deparnjres disclosed and explained in the financial 5tatements.' and prepare the fmancial statements on the going con¢¢rn basis unless it is inappropriate to pr¢5ume that the charity will continue in business. The tru5te¢5 are responsible for keeping proper accounting record5 that disclose with reasonable aceurll¢y at any time ihe financial position of the charity and enable them io ensure that the financial statements comply with the Charities Aci 2011, the Charities (Account5 and Reports) Regulations 2008. and the provisions of ihe ¢on5tituiion. The trustees are also responsible for saf¢guarding the a55et5 of the charity and hence for taking rewnable steps for the prevention and deteciion of fraud and other irregularilies. The trustees are responsible for the maintenance and integrity of the corpordte and financial inforniation ncluded on the charity's website. Legislation goveming the prepardiion and dissemination of financial statements may differ from legislaiion in other jurisdictions. Approved by the trustees of the charity on 21 February 2025 and signed on its behalf by.. Davies Twstee Page 6 West Totton Squirrels Pre-S¢hool Learning Alliance Independent Examiner's Report to the trustees of West Totton SquRrrels Pre-school Learning Alliance I report io the trustees on my examination of the ae¢ounts of West Totton Squirrels Pre-school Learning Alliance for the year ended 31 August 2023. Responsibilities and basls of report As the charity trustees of West Totton Squirrels Pre-school Learning Alliance 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 West Totton Squirrels Pre-school Learning Alliance's accounts carried out under se¢tion 145 of ihe 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515KbJ of the Act. Independent examiner's ststemeDt- matter of concern Identif￿d Since West Totton Squirrels Pre-school Leaming Alliance's gross income ex¢¢eded £250.0(X) your ¢xaminer musi be a member of a b(MJy listed in section 145 of the 2011 Act. I confim that l arn qualified to undertake the examinaiion because l am a m¢mber of the Institute of Chartered Accountsnis in England and Wales. which is one of the listed bodies. I have completed my examination. It should be noted ihai as sei out in the accounting policy notes the omparniives have been recotnpiled from available information and reasoned estimates. confirni thai no other matters have come tt) my attention in connection with the examination giving me re&sonabl¢ Cause to believe that in any material res￿¢1. accounting records were not kept in reSp￿t of West Totton Squirrels Pre-school Learning Alliance a5 required by section 130 of the Act.. or 2. the aceounts do not accord with those r¢cords: or 3. the accounls do not comply with the accounting requirements concerning the fomi and content of ac¢ounts sei out in the Chariiies (Accounts and Reports) Regulations 2008 other ihan any requirement that the accounis give a 'true and fair vi¢w' which is noi a Matter consid¢Ted as part of an independent examination. I confinn thai there are no other matters to which your attention Should be drdwn to enable u proper understanding of the ac unts to be reached. oy Ch red Accountanrs Institute of Chartered Ac£owitants in England oftd Wales 38 Rumbridge Street Totton Southampton Hampshire S040 9DS 21 FebNary 2025 Page 7 West Totton Squirrels Pre-sehool Learning Alliance Statement of Financial Actlvities for tbe Yeydr Ended 31 August 2023 Unrestrleted funds Total 2023 Note Incorne and Endowments frorn: Donaiions and legacies Charitable activiti¢s Other trading activitie5 Investmertt income 70 267.3￿) 3.039 20 70 267.390 3,039 20 Tocal income 270.519 270,519 Expenditure on: Raising funds Charitsble activities 1,238 235,198 1,238 235.198 Totsl expenditttre 236,436 236,436 Net income 34.083 34,083 Reconciliatlon of funds Total fill)ds brought forward Total funds carried forward 261,682 261,682 19 295,765 Unrestricted funds 295.765 2022 Note Income and Endowments from: Charitsble attLViII¢S Other trading activities Invesimeni income 266,247 2,890 96 266.247 2.890 96 Total income 269,?33 269,233 Expenditure on: Raising funds Chariiable a¢tivities 1.458 223,749 1,458 223.749 Total expenditure Nei income 225.207 225.207 44.026 44,026 Reconclli*lion or runds Total fvnds brought forward Total funds canied forward 217.656 217,656 19 261,682 261.682 All of the charity's activities derive from continuing operdttons during the above two perI￿js. The fvnds breakdown for 2022 is shown in note 19. Th¢ nole5 on pages 10 to 17 forni an integral part of these financial statements. Page 8 West Totton Squirrels Pre-school Learning Alliance (Registration number: 1025265) Balance Sheet as at 31 August 2023 2023 2022 Note Fixed assets Tangible asseis 14 521 695 Current assets D¢bior5 Cash at bank and in hand 15 16 ,479 298,372 343 262.338 299.851 262,681 Credltors: Amounts f$lling due within one year 17 4,607 1.694 Net current assets 295,244 260,987 Net assets 295,765 261,682 Funds of the ehArity: Unre5trict¢d incorne funds Unrestricted fi￿d5 295.765 261.682 Total funds 295.765 261,682 The financial statements on pages 8 to 17 were approved by the trustees. and authorised for issu¢ on 21 February 2025 and signed on their behalf by.. Kim Davies Trustee The notes on pages 10 to 17 fomi an integral part of these fmancial statements. Page 9 West Totton Squirrels Pre-school Learning Alliance Notes to the Financial Statements for th¢ Year Ended 31 August 2023 l Aceounting pollcie$ Ststement of compliance The financial statements have been prepared in accordan¢e with ihe second edition of the Charities Statem¢nt of Recommended Praciic¢ issued in October 2019. the Financial Reporting Standard applicable in th¢ United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis ofpreparation West Totton Squiffels Pre-school Learning Allian¢e meets the definition of a public benefit entity under FRS 102. The accounts {financial statemenrsl have been pr¢pared under the historical cost convention with items recogni5¢d ai ¢osi or transaction value wiless otherwise stated in th¢ relevant notels) to these accounts. Going eoneern The Nsiees consider thai there are no material uncertainiies aixiut the chariws ability to ¢ontinue as a going ¢on¢¢m. Reclassification of ¢ornparative ¥4mounts The original financial statements for the year ended 31 Augusi 2022 were In¢0￿cC[]Y compiled under the Receipts and Payments regime. They have been recompiled in their eniirety using the infom)aiion available and reasonable estimates where necessary. Income and endowrnents Voluniary income includang donations, gifts. legacie5 and grants that provide core funding or are of a general nature is recognised when the charity has elltiilemenr to the income. it is probabl¢ that the income will b¢ received and the amount can be rneasured wilh sufficient reliability. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditUTe, it is probable settl¢ment is required and the amouni can be measured reliably. All cost5 are allo¢at¢d (o ihe applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be d2re¢ily attributed io particular headings they have been all￿ated on a bosis consistent with ihe use of resources. Governance eosts These include the costs attributable to the charity's compliance with ¢onstiwtional and ststuiory requirements. including audit. strate8ic management and trusiees meetings and reimbursed expenses. Taxatlon The charity is consid¢red to pass the tests set out in Pardgrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a rharitable company for UK ¢OTpofdiion Purposes. Accordingly. th¢ charity is potentially exempt from taxaiion in respect of income or ¢apithl gains re¢eived within ¢aregorÉes covered by Chapier 3 Part I l of the Corporation I'ax Acr ?010 or Seciion 256 of the Taxation of Chargeable Gains Act 1991 io the extent that Such income or gain5 are applied exclusively io charitable purposes. Page 10 West Totton Squirrels Pre-school Learning Allianee Notes to the Financial Statements for the Year Ended 31 August 2023 (continued) Tangible fixed assets Individual fixed assets COSting £200 or more are initially recorded at cost, less any subsequent accumulated d¢pr¢¢iation and subs¢qu¢nl a¢¢umulat¢d impairnient105ses. DepretiatlOA and amortis#tion D¢pr¢ciation is provided on tangible fixed assets 50 as to write off the cost or valuation, less any ¢51imated residual value. over their exp¢cted useful economic lif¢ as follows.. Asset cl855 Equipment Depreeiation meth(bd and rale 250/0 Strnighi line basis Fund structure Unrestricted incom¢ funds are general fund5 that are available for use at the tru5t¢¢s di5¢retion in fvrtherance of the objective5 of the charity. Pensions And other post retirement obligations The charity operates a defined Contribution pension s¢herne which is a pension plan under which fixed ¢ontributions are paid inio a pension fvnd and the charity has no legal or constructive obligation to pay futther contributions even if the fund does not hold sufficient assets lo pay all employees the benefit5 relating io employee service in the current and prior periods. Contributions to defined contriblltitsft plans are recognised in the Statement of Financial Activities when they are due. If contribuiion payments exceed the contribution due for service, the excess is recognised as a pr¢payment. 2 Ineome from donstions and legacles Unrestrlcted funds General Total funds Donations and legacies; Donaiions from individuals 70 70 Total for 2023 70 70 3 Ineome from £haritable aetlvitÉes Unrestricted funds Gen¢r*l Total fllnds Local authority granls Fees r¢¢eived Employers allowance 213.770 48,305 5,315 213.770 48,305 5,315 Totsl for 2023 267,390 267,390 Totsl for 2022 266.246 266,246 Pag¢ll West Totton Squirrels Pre-sehool Learning Alliance Notes to the Financial Statements for the Year Ended 31 August 2023 (eonlinued) 4 Income frorn other trading aetlvities Unrestrieted funds Genero1 Tothl funds Events income., Other events in¢om¢ 3.039 3.039 Total for 2023 3,039 3.039 Total for 2022 2,890 2.890 S Investment income Unrestrleted funds General Total futhd$ Interest receivable and similar income: Interest r￿¢1¥ab]e on bank deposits Total for 2023 20 20 20 20 Total for 2022 96 96 6 Expenditure on rnising funds a) Costs of trading activities Unrestri¢t¢d funds GeNer41 Total funds Note C051s of goods sold Total for 2023 1.238 1,238 1,238 1.238 Totsl for 2022 1,458 1.458 Page 12 West Totton Squirrels Pre-school Learning Alliance Notes to the Financial St2t¢m¢nts for the Year Ended 31 August 2023 {continued) 7 Expetkditur¢ on charitsble gctivitie5 Unrestricted funds General Toial funds Governance costs 235,198 235,198 Total for 2023 235.198 ?35,198 Tot81 for 2022 223,749 223,749 8 Analysis of governance and support eosts Gov¢rDAnce costs Unrestrlcted funds General Total funds Staff costs Wages and salaries Social security c95ts Pension costs Other staff costs Independent examiner fees Examination of the financial statements Other fee5 paid io examinet D¢pre¢iation. amonisaiion and other similar costs Other governance costs 190.299 7,926 3.402 190,299 7,926 3.402 711 1.200 1.200 174 30.286 1.200 1.200 174 30.286 Total for 2023 235.198 235,198 Tot81 for 2022 223.749 223.749 9 Net incomingloutgoing resourees Net incoming tesources for th¢ year include.. 2023 Depreciation of fixed assets 174 Page 13 West Totton Squirrels Pre-sehool Learning Allianee Notes to the Financial Stydtements for the Year Ended 31 August 2023 (eontinued) 10 Trnstees remuneration and expenses During the year the charity made the following transactions with tN5tees'. Niki Lace Niki Lace rec¢ived remuneration of £281 (2022.. £16.583) during the year. The remuneration w&s paid to th¢ trustee in their capacity as a member of the School staff. The tn]sle¢ wa5 aut¢)-enrolled into the school's pension scheme. The Pre-schools Contributions were £8. Liz Clayton Liz Clayton received remuneration of £12,795 (2022.. £Nil) during the y¢ar. The remuneration was paid to the trustee in their capacity as a member of the School staff. A1É50n Hobbs Alison Hobbs received r¢mwJ¢ration of £23,212 (2022.. £Nil) during the year. The remunerdtion wa5 paid to the ts￿Ste¢ in their capacity as a member of the school stsff The mistee was auto