REGISTERED CHARITY NUMBER: 1025650
Report of the Trustees and
Unaudited Financial Statements
For The Year Ended 31st July 2024
for
Claydon Pre-School
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Claydon Pre-School
Contents of the Financial Statements For The Year Ended 31st July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Claydon Pre-School
Report of the Trustees For The Year Ended 31st July 2024
The trustees present their report with the financial statements of the charity for the year ended 31st July 2024. The trustees have adopted the 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).
FINANCIAL REVIEW
Reserves policy
The Reserves Policy of the Charity has been prepared and is written in the light of the Charity Commissioners' guidance "Charities and Reserves". The Reserves Policy is detailed in a separate appendix to the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1025650
Principal address
Recreation Ground Thornhill Road Claydon Suffolk IP6 0DZ
Trustees
Miss J Newman E Brumhead (resigned 31/10/2023) Mrs E Jackson Mrs L Burgess (resigned 31/10/2023) Ms A Carr (appointed 18/10/2023) Ms K Wright (appointed 18/10/2023)
Independent Examiner
John Phillips and Co Limited John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Page 1
Claydon Pre-School
Report of the Trustees For The Year Ended 31st July 2024
Approved by order of the board of trustees on 15th October 2024 and signed on its behalf by:
Ms A Carr - Trustee
Page 2
Independent Examiner's Report to the Trustees of Claydon Pre-School
Independent examiner's report to the trustees of Claydon Pre-School
I report to the charity trustees on my examination of the accounts of Claydon Pre-School (the Trust) for the year ended 31st July 2024.
Responsibilities 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 the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable 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.
John Phillips and Co Limited
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
18th October 2024
Page 3
Claydon Pre-School
Statement of Financial Activities For The Year Ended 31st July 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Grants 164,895 Other trading activities 2 94,556 Investment income 3 2,889 Total 262,340 EXPENDITURE ON Raising funds 541 Other 221,018 Total 221,559 NET INCOME 40,781 RECONCILIATION OF FUNDS Total funds brought forward 159,605 TOTAL FUNDS CARRIED FORWARD 200,386 |
2023 Total funds £ 149,580 56,622 852 |
|---|---|
| 207,054 | |
| 593 196,889 |
|
| 197,482 | |
| 9,572 150,033 |
|
| 159,605 |
The notes form part of these financial statements
Page 4
Claydon Pre-School
Balance Sheet 31st July 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Stocks 7 - Debtors 8 1,292 Cash at bank and in hand 209,342 210,634 CREDITORS Amounts falling due within one year 9 (10,248) NET CURRENT ASSETS 200,386 TOTAL ASSETS LESS CURRENT LIABILITIES 200,386 NET ASSETS 200,386 FUNDS 10 Unrestricted funds 200,386 TOTAL FUNDS 200,386 |
2023 Total funds £ 76 1,445 166,578 168,099 (8,494) 159,605 159,605 159,605 159,605 159,605 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15th October 2024 and were signed on its behalf by:
A Carr - Trustee
The notes form part of these financial statements
Page 5
Claydon Pre-School
Notes to the Financial Statements For The Year Ended 31st July 2024
1. ACCOUNTING POLICIES
Basis 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 (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard 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 Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount 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 to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
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. Restrictions 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 the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
Claydon Pre-School
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
2. OTHER TRADING ACTIVITIES
| Fundraising events Other income Fees 3. INVESTMENT INCOME Deposit account interest |
2024 £ 5,848 14,690 74,018 94,556 2024 £ 2,889 |
2023 £ 2,856 4,381 49,385 |
|---|---|---|
| 56,622 | ||
| 2023 £ 852 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st July 2024 nor for the year ended 31st July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st July 2024 nor for the year ended 31st July 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Staff | 13 | 16 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
Claydon Pre-School
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Charitable activities | ||||
| Grants | 149,580 | |||
| Other trading activities | 56,622 | |||
| Investment income | 852 | |||
| Total | 207,054 | |||
| EXPENDITURE ON | ||||
| Raising funds | 593 | |||
| Other | 196,889 | |||
| Total | 197,482 | |||
| NET INCOME | 9,572 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 150,033 | |||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 159,605 | |||
| 7. | STOCKS | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Stocks | - | 76 |
continued...
Page 8
Claydon Pre-School
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Pension Fund Accrued expenses 10. MOVEMENT IN FUNDS At 1.8.23 £ Unrestricted funds General fund 159,605 TOTAL FUNDS 159,605 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 262,340 TOTAL FUNDS 262,340 |
2024 2023 £ £ 1,092 1,245 200 200 1,292 1,445 2024 2023 £ £ 2,269 404 1,309 1,009 5,823 5,474 847 939 - 668 10,248 8,494 Net movement At in funds 31.7.24 £ £ 40,781 200,386 40,781 200,386 Resources Movement expended in funds £ £ (221,559) 40,781 (221,559) 40,781 |
|---|---|
continued...
Page 9
Claydon Pre-School
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.8.22 | in funds | 31.7.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 150,033 | 9,572 | 159,605 | |
| TOTAL FUNDS | 150,033 | 9,572 | 159,605 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 207,054 | (197,482) | 9,572 | |
| TOTAL FUNDS | 207,054 | (197,482) | 9,572 | |
| A current year 12 months and prior year 12 months combined position is as | follows: |
| Unrestricted funds General fund TOTAL FUNDS |
At 1.8.22 £ 150,033 150,033 |
Net movement in funds £ 50,353 50,353 |
At 31.7.24 £ 200,386 |
|---|---|---|---|
| 200,386 |
continued...
Page 10
Claydon Pre-School
Notes to the Financial Statements - continued For The Year Ended 31st July 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 469,394 469,394 |
Resources Movement expended in funds £ £ (419,041) 50,353 (419,041) 50,353 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st July 2024.
Page 11
Claydon Pre-School
Detailed Statement of Financial Activities For The Year Ended 31st July 2024
| INCOME AND ENDOWMENTS Other trading activities Fundraising events Other income Fees Investment income Deposit account interest Charitable activities Grants from SCC/Senco Total incoming resources EXPENDITURE Other trading activities Fundraising expenses Other Wages Premises expenses Support costs Management Other Insurance Light and heat Telephone Postage and stationery Health & Safety Cleaning Rent & Rates Refuse |
2024 £ 5,848 14,690 74,018 94,556 2,889 164,895 262,340 541 179,912 284 180,196 1,633 1,734 462 2,555 1,900 222 3,197 1,302 13,005 |
2023 £ 2,856 4,381 49,385 |
|---|---|---|
| 56,622 852 149,580 |
||
| 207,054 593 165,661 1,001 |
||
| 166,662 1,398 1,522 575 2,401 1,341 389 1,879 954 |
||
| 10,459 |
This page does not form part of the statutory financial statements
Page 12
Claydon Pre-School
Detailed Statement of Financial Activities For The Year Ended 31st July 2024
| Management Finance Bank charges Other Cost of trips Equipment from fundraising Uniform Software Refreshments Repairs and renewals Equipment Staff Training / Welfare Gifts Pet Care Bad Debts Governance costs Accountancy and legal fees Legal Fees Total resources expended Net income |
2024 £ 148 1,104 1,585 1,306 4,901 8,496 3,697 2,588 1,531 1,147 26 167 26,548 750 371 1,121 221,559 40,781 |
2023 £ 138 273 - 453 2,013 3,690 5,097 3,281 2,591 1,258 - 19 |
|---|---|---|
| 18,675 588 367 |
||
| 955 | ||
| 197,482 | ||
| 9,572 |
This page does not form part of the statutory financial statements
Page 13