Codford Caterpillars Pre School
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Company Limited by Guarantee
Trustees’ Annual Report (continued)
Year ended31July 2023J ae.|
The trustees’ annual report and the strategic report were approved on 26 April 2024 and signed on behalfof the board of trustees by:
Mrs Devie- Chair ee oea ' Trustee
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COMPANY REGISTRATION NUMBER: CHARITY REGISTRATION NUMBER: 1026038
Codford Caterpillars Pre School Company Limited by Guarantee Unaudited Financial Statements 31 July 2023
MACDEES ACCOUNTANCY LTD
Licensed Financial Accountants
1 Pennys Lane Wilton Salisbury Wilts SP2 OBE
Codford Caterpillars Pre School
Company Limited by Guarantee
Trustees’ Annual Report
Year ended 31 July 2023
The trustees. who are also the directors for the purposes of company law, present them report and the unaudited financial statements of the charity for the year ended 31 July 2023.
Reference and administrative details
Registered charity name Codford Caterpillars Pre School Charity registration number 1026038 Company registration number Principal office and registered Cherry Orchard office Codford BA12 OPN
The trustees
Mrs Blake - Secretary Mrs Allison Mrs Davis - Chair Mrs Long - Treasurer Miss Mounde Mrs Riches Mrs Sloan Mrs Wiltshire Independent examiner Sarah Hughes- Willams 1 Pennys Lane Wilton Salisbury Wilts SP2 0BE
Structure, governance and management
The Chair of the Trusteesis responsiblefor the induction of new Trustees, which includes awareness of a Trustee's responsibilities.
The Charity is administrated by the trustees. The trustees mect regularly during the year and receive reportson the state and developmentsof the affairs of the charity.
The trustees examine the major risks that the charity may face each financial year and have devoloped systems to monitor and control these risks to mitigate the impact they may have on the charity.
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Codford Caterpillars Pre School
Company Limited by Guarantee
Trustees’ Annual Report (continveg)
Year ended 31 July 2023
Objectives and activities
The principal activity of the charity is to enhance the development of the children under statutory school age by encouraging parentsto understand and providefor the needs of their children through community groups.
Our main source of income is fees from parents and government funding which comes via the local authority. Fundraising provides extra income. We havea main fundraising event to focus on annually. We remain invested in training our staff and providing suitable equipment and resources to enable our children to reach their full potential.
Surplus funds are held in a deposit account with The Co-operative Bank.
The paragraphs below set out our activities, achievements and performance during the year, which are directly related to the objectives and purposesfor which the charity exists. The benefits of this are fully compliant with Principles 1a and 1b of the Charity Commission Principles of Public benefit,
The trustees confirm that they have compiled with the duty in s17(5) of the Charities Act 2011 to have due regard to the charity commissions guidance on the public benefit, including Public Benefit reporting (PB3)
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
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Codford Caterpillars Pre School Company Limited by Guarantee Trustees’ Annual Report (continued Year ended 31 July 2023
Achievements and performance
Summaryof the main achievementsof the charity during the year. This report provides an overview of Codford Caterpillars Preschool activities and financial performance for the fiscal year ending 31 July 2023. It highlights our commitment to maintaining high educational standards and adapting to economic challenges, as well as our plans for future improvementsto the premises.
Educational Environment: The school is committed to providing a stimulating educational environment for children aged 2.4 years, operating 38 weeks per year. Our program includes a variety of activities tailored to meet the developmental needs of our studentsand preparethem for the next educational stage. Enrollment Growth: We beganthe year with 19 childrenand experienced @ modest increase to 24 by the end of term 6. This growth reflects continued cormmunity trust in our educational services. Facility Plans: Despite economic challenges, we remain committed to renovating the outside of our setting. Plans to upgrade outdoor spaces are in place to provide a more engaging and safer environment for our children. Financial Impact and Management: The ycar was financially challonging due to significant utility bilts and increased salaries in response to minimum wage hikes. However, our financial strategies have included careful budgeting and adjustments to fee structures to mitigate these effects.
Fundraising and Investments: Continuous fundraising efforts are crucial as we plisn to fund renovations and updates to our premises. We aim to strengthen our financial reserves through these initiatives to support our improvement plans
Future Outlook: In the coming year, we will continue to focus on providing exceptionalcarly childhood education while adapting to economic changes that affect operational costs. Our commitment to upgrading our facilities remains strong, with specific plans to enhance outdoor spaces We will actively pursue fundraising activities to support these renovations and ensure our sotting remains a top choice for local families.
Financial reviow
The profit of £8,337 has been added to the surplus of fund brought forward resulting in a total retained fund at 31 July 2022 amounting to £32,993.
Contingency reserves are to ensure sound grounding operations. Surplus funds are invested in equipment tho building where necessary and feasible
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Codford Caterpillars Pre School
Company Limited by Guarantee
Trustees’ Annual Report (continued)
Year ended 31 July 2023
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The trustees’ annual report and the strategic report were approved on 26 April 2024 and signed on behalf of the board of trustees by:
— =r —_
Mrs Davie - Chair Trustee
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Codford Caterpillars Pre School
Company Limited by Guarantee
independent Examiner's Report to the Trustees of Codford Caterpillars Pre School
Year ended 31 July 2023
I report to the trustees on my examination of the financial statements of Codford Caterpillars Pre School (‘the charity’)for the year ended 31 July 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsiblefor the preparationof the financial statements in accordancewith the requirementsof the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrout m y examinationing | have followed the Directionsgiven by the Charity Commission under section 145(5)(b)of the 2011 Act.
Independent examiner's statomont
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe"
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accounting records were not kept in respect of the charity as required by section 386of the 2006 Act, or
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the financial staternentsdo not accordwith those records;or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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Codford Caterpillars Pre School
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Codford Caterpillars Pre School (continves)
Year ended 31 July 2023
| 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.
Sarah Hughes-Williams independent Examiner
1 Pennys Lane Wilton Salisbury Wilts SP2 OBE
26 April 2024
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Codford Caterpillars Pre School
Company Limited by Guarantee
Statement of Financial Activities
{including income and expenditure account)
Year ended 31 July 2023
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||||||
|---|---|---|---|---|
|2023|2022|
|Unrestricted|
|funds|Totalfunds|Total|funds|
|Note|£|£|£|
|Income|and|ondowmonts|
|Donations and legacies|83,987|83,987|70,598|
|Investment income|136|136|-|
|Total|Income|84,123|84,123|70,598|
|Expenditure|
|Expenditure on|raising|funds:|
|Costs of other trading|activities|61,768|61,768|§4,535|
|Expenditure on charitable|activities|8,073|8,073|2,430|
|Other expenditure|5.945|5,945|5,722|
|Total oxponditure|75,786|75,786|62,687|
|Net income|8,337|8,337|7.911|
|Other recognised|gains and|losses|
|Other gains/(losses)|=|(11,444)|
|Net movement in funds|8,337|8.337|(3,533)|
|Reconciliation|of funds|
|Total funds brought forward|24,656|24,656|28,189|
|Total funds carried forward|32,993|32,993|24,656|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities,
The notes on pages 9 to 11 form part of these financial statoments.
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Codford Caterpillars Pre School
Company Limited by Guarantee
Statement of Financial Position
31 July 2023
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|---|---|---|---|---|---|---|
|Note|2023£|2022£|
|Current|assets|
|Cash at bank and|in hand|33,761|25,742|
|Creditors:|amounts falling due within one year|5|558|9423|
|Net current assets|33,203|24,799|
|Total assets|less current|liabilities|33,203|24,799|
|Creditors:|amounts falling duc|after more than|one year|6|210|143|
|Net assets|32,993|24,656|
|Funds of the|charity|
|Unrestricted|funds|32,993|24,656|
|Total charity funds|8|32,993|24,656|
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For the year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the CompaniesAct 2006 relating to small companies.
Directors’ responsibilities:
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e The members have not required the company to obtain an audit of its financial statementsfor the year in question in accordance vith section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 April 2024, and are signed on behalf of the board by:
Mrs Davis - Chair Trustee
The notes on pages 9 to 11 form part of thoxe financial statements.
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Codford Caterpillars Pre School
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2023
- Genoral information
The charityis a public bencfitentity and a private company limited by guarentee, registered in England and Wales and a registered charity in England and Wales. The addressof the registered office Is Cherry Orchard, Codford, BA12 OPN.
2. Statomentof compliance
These financial staternentshave been preparedin compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ropublic of Ireland (FRS 102) (Chraritios SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are proparod in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management fo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of futuro events that are believed to be reasonable under the circumstances.
4. Independent examination fees
| 4. | Independent examinationexamination fees | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Foespayable totheindependentexaminerfor: Independentexamination ofthefinancialstatements. |
350 | 350 | |
| 5. | Creditors:amounts fallingduewithinoneyear | ||
| 2023 £ |
2022 £ |
||
| Tradecreditors Accruals and deferred income |
— 558 |
385 558 |
|
| 558 | 943 |
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Codford Caterpillars Pre School
Company Limited by Guarantee
Notes to the Financial Statements (contnves
Year ended 31 July 2023
- Creditors: amounts falling due after more than one year
Social security and other taxes
2023 2022 £ £ 210 143
7. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to dofined contribution plans was £958 (2022: £878)
- Analysis of charitable funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gainsand | At | ||||
| 1 | Aug2022 | Income | Expenditure | losses | 31 Jul2023 | |
| £ | £ | £ | £ | £ | ||
| Goneral funds | 84,123 | (75,786) | $,337 | |||
| Unrestricted fund 1 &2 | ||||||
| desc in a/cs | 24,656 | 24,656 | ||||
| 24,656 | 84,123 | (75,786) | 32,993 | |||
| At | Gains and | At | ||||
| 1 | Aug 2021 | Income | Expenditure | losses | 31 Jul 2022 | |
| £ | £ | £ | £ | £ | ||
| Generalfunds | -- | 70,598 | (62,687) | 7,911 | ||
| Unrestricted fund 1 & 2 | ||||||
| descin a/cs | 28,189 | (11,444) | 16,745 | |||
| 28,189 | 70,598 | (62,687) | (11,444) | 24.656 |
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Codford Caterpillars Pre School
Company Limited by Guarantee
Notes to the Financial Statements (continued
Year ended 31 July 2023
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9. Analysis of net assets botwoon funds
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|---|---|---|---|---|---|
|Unrestricted|Total|Funds|
|Funds|2023|
|£|£|
|Current assets|33,761|33,761|
|Creditors|less than|1|year|(558)|(S58)|
|Provisions|(210)|(210)|
|Net assets|32,993|32,993|
|Unrestricted|Total|Funds|
|Funds|2022|
|£|£|
|Current assets|25,742|25,742|
|Croditors|less than|1|year|(943)|(943)|
|Provisions|(143)|(143)|
|Net assets|24,656|24,656|
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Codford Caterpillars Pre School
Company Limited by Guarantee
Management Information
Year ended 31 July 2023
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o's
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The following pages do not form part of the financial statements.
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Codford Caterpillars Pre School
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 July 2023
ao 2023 2022 £ £ Income and endowments Donations and legacies Fund raising income 3,983 829 Grants recewvable type 1 12,582 21,769 Grants receivable type 2 67,422 48,000 83,987 70,598 investment income Interest Income 136 = Total income 84,123 70,598
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Codford Caterpillars Pre School
Company Limited by Guarantee
Detailed Statement of Financial Activities (continuca)
Year ended 31 July 2023
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|---|---|---|---|---|
|2023|2022|
|£|£|
|Expenditure|
|Costs of other trading|activities|
|Wages and salaries|55,976|48,944|
|Pension costs|958|878|
|Harvest supper expenses|442|-|
|School trips|72|92|
|Working|materials|1,705|2,436|
|Food|purchases|614|sat|
|Classroom|equipment|200|111|
|Staff|training|531|130|
|Shop costs|146|467|
|Cleaning|materials|724|1,006|
|Staff travel & expense claims|400|30|
|61,768|54,535|
|Expenditure on charitable|activities|
|Rent|769|200|
|Rates and water|273|198|
|Light and heat|2,028|2,032|
|Repairs and|maintenance|5,003|
|8,073|240|
|Other oxpenditure|
|General|Expenses|200|2,963|
|Insurance|175|169|
|Postage|32|42|
|Printing & Stationery|385|260|
|Subscriptions|2,130|71|
|Telephone &|Internet|582|563|
|Advertising|&|Marketing|471|71|
|Accountancy|1,807|1,500|
|Inspection|certification|163|83|
|5,945|§,722|
|Total expenditure|75,186|62,687|
|Net income|8,337|7,911|
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Codford Caterpillars Pre School
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 July 2023
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|||||
|---|---|---|---|
|2023|2022|
|£|£|
|Expenditure|
|Costs of other trading|activities|
|Wages and salaries|55,976|48,944|
|Pension costs|958|878|
|Harvest supper expenses|442|
|School trips|72|92|
|Working|materials|1,705|2,436|
|Food|purchases|614|441|
|Classroom|equipment|200|111|
|Staff training|531|130|
|Shop costs|146|467|
|Cleaning|materials|724|1,006|
|Steff travel & expense claims|400|30|
|61,768|54,535|
|Expenditure on charitable|activities|
|Rent|769|200|
|Rates and water|273|198|
|Light and heat|2,028|2,032|
|Repairs and|maintenance|5,003|
|8,073|2,430|
|Other expenditure|
|General|Expenses|200|2,963|
|Insurance|175|169|
|Postage|32|42|
|Printing & Stationery|385|260|
|Subscriptions|2,130|71|
|Telephone &|Internet|$82|S63|
|Advertising &|Marketing|471|71|
|Accountancy|1,807|1,500|
|Inspection|certification|163|83|
|5,945|§,722|
|Total expenditure|75,786|62,687|
|Net income|$8,337|7,911|
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Codford Caterpillars Pre School
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 July 2023
| a | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Costs ofothertradingactivities | ||
| Salariesandwages Pensions Costs Harvestsupperexpenses Schoo! trips Working materials Foodpurchases Classroom equipment Staff raining Shopcosts Cleaning materials Staff travel&expenseclaims |
55,976 958 442 72 1,705 614 200 §31 146 724 400 |
48,944 878 92 2,436 441 111 130 467 1,006 3 |
| 61,768 | 54,535 | |
| Costsofothertrading activities | ——— 61,768 |
54.535 |
| Expenditureon charitable | ||
| activitios Activitytype 1 | ||
| Activities undertakendirectly | ||
| Renton landend rates Rates&water Light&heat |
769 273 2,028 |
200 198 2,032 |
| 3,070 | 2,430 | |
| Activitytype2 | re | Sai |
| Activities undertakendirectly | ||
| Repairs&Maintenance | §,003 | |
| Expenditureoncharitable activities |
es 8,073 |
_ 2,430 |
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