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Charity Charity Number Number 1026647 1026647
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Lover Lover & & Redlynch Redlynch Pre Pre School School Abbreviated Abbreviated Accounts Accounts
For For the the Year Year Ended Ended 31st 31st July July 2024 2024
Prepared Prepared by : by : AmandaGarnettACMA Amanda Garnett pema CGMA coma Forest Forest Edge Edge Accountancy Accountancy Ltd Ltd 2 2 Appletree Appletree Close Close Redlynch Redlynch Salisbury Salisbury Wiltshire Wiltshire SP5 SP5 2JG 2JG
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Lover Lover & & Redlynch Redlynch Pre Pre School School Abbreviated Abbreviated Accounts Accounts Contents Contents
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Page Page Charity Information . 1 1 Charity Information 2 ; Independent Examiner's Report Independent Examiner's Report 3 3 Profit and Profit and Loss Loss account account 4
Balance Balance Sheet Sheet 4 5
Fixed Fixed Assets Assets E
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Lover Lover & & Redlynch Redlynch Pre Pre School School Charity Charity Information Information
Trustees: Trustees: Helen Helen Burton Burton (Chair) (Chair) Antonia Antonia Emmins Emmins Natalie Natalie Upton Upton
Business Business Address Address Lover Lover & & Redlynch Redlynch Pre Pre School School School School Road Road Lover Lover Redlynch Redlynch Salisbury Salisbury Wiltshire Wiltshire SP5 SP5 2PW 2PW
Charity Charity number number 1026647 1026647
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! Lover Lover & & Redlynch Redlynch Pre Pre School School Independent Independent Examiner's Examiner's Report Report
Independent Independent examiner's examiner's report report to to the the Trustees Truste0s of of Lover Lover and and Redlynch Redlynch Pre Pre School School
I | report report on on the the accounts accounts of of the the charity charity for for the the year year ended ended 31 31 July July 2024, 2024, which which are are set set out out on on pages pages 3 3 to to 5. 5.
Respective Respective responsibllities responsiblities of trustees of trustees and examiner and examiner
The The charity's charity's trustees trustees are are responsible responsible for for the the preparation preparation of of the the accounts. accounts. The The charity's charty's trustees trustees consider consider that that an an audit is audit is not not required required for for this this year year under under section section 144 144 (2) (2) of of the the Charities Charities Act Act 2011 2011 (the (the 2011 2011 Act) Act) and and that that an an independent independent examination examination is is needed. needed.
It It is is my my responsibility responsibility to: to:
(a) (a) examine examine the the accounts accounts under under section section 145 145 of of the the 2011 2011 Act; Act; (b) (b) to to follow follow the the procedures procedures laid laid down down in in the the General General Directions Directions given given by by the the Charity Charity Commissioner Commissioner under under section section 145 145 (5)(b) (5)(b) of the of the 2011 2011 Act; Act; (c) (c) to to state state whether whether particular particular matters matters have have come come to to my my attention. attention.
Basis Basis of of independent independent examiner's examiner's report report
My My examination examínatíon was was carried carried out out in in accordance accordance with with the the General General Directions Directíons gíven given by by the the Charity Charity Commissioner. Commissioner. An An examination examination includes includes a a review review of of the the accounting accounting records records kept kept by by the the charity charity and a comparison of the accounts presented with those records. It also includes consideration of any andunusual unusual a comparisonitems items or or disclosures disclosures of the accounts in in the the presentedaccounts accounts with and and those the the seeking seeking records.of of explanations explanations It also includesfrom from considerationyou you as as trustees trustees of any concerning concerning such such matters. matters. The The procedures procedures undertaken undertaken do do not not provide provide all all the the evidence evidence that that would would be be required required in in an an audit audit and, and, consequently consequently no no opinion opinion is is given given as as to to whether whether the the accounts accounts present present a a true and fair view and the report is limited to those matters set out in the statement below. true and fair view and the report is limited to those matters set out in the statement below.
Independent Independent examiner's examiner's statement statement
In In connection connection with with my my examination, examination, no no matter matter has has come come to to my my attention: attention:
(Il) () which which gives gives me me reasonable reasonable cause cause to to believe that, believe that, in in any any material material respect, respect, the the requirements: requirements:
(a) (a) to to keep keep accounting accounting records records in in accordance accordance with with section section 130 130 of of the the 2011 2011 Act; Act; and and (b) (b) to to prepare prepare accounts accounts which which accord accord with with the the accounting accounting records records and and to to comply comply with with the the accounting accounting requirements requirements of the of the 2011 2011 Act Act have not have not been been met; met; or or
(II) (I) to to which, which, in in my my opinion, opinion, attention attention shoukd should be be drawn drawn in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts to to be be reached. reached.
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Ast Amanda Amanda Garnett Garnett ACMA FCMA ACMA FCMA Forest Forest Edge Edge Accountancy Accountancy Ltd Ltd Chartered Chartered Accountant Accountant 2 2 Appletree Appletree Close Close Redlynch Redlynch Salisbury Salisbury Wilts Witshire hire SP5 SP5 2JG 2JG
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Date Date 11thNovember2024 11th November 2024
2 2
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Lover Lover & & Redlynch Redlynch Pre Pre School School Income Income and and Expenditure Expenditure Account Account For For the the Year Year Ended Ended 31st 31st July July 2024 2024
| 2024 2024 |
2023 2023 |
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|---|---|---|
| £ | £ | |
| INCOME GENERATED: Funds from Wiltshire Council INCOME GENERATED: Funds from Wiltshire Council |
52,487 52,487 |
47,281 47,281 |
| Funding from Pre School Fees Funding from Pre School Fees |
14,154 14,154 |
15,139 15,139 |
| Funds from Donations & Fundraising Funds from Donations & Fundraising |
3,716 3,716 |
4,731 4,731 |
| SEN Funding Fund SEN Funding Fund |
- | 1,740 1,740 |
| Total Income Generated Total Income Generated |
70,357 70,357 |
68,891 68,891 |
| EXPENDITURE: EXPENDITURE: |
||
| Staff Costs Staff Costs |
61,122 61,122 |
53,973 53,973 |
| Staff Training Staff Training |
314 314 |
611 611 |
| Premises Costs Premises Costs |
2,729 2,729 |
3,758 3,758 |
| Repairs & Maintenance Repairs & Maintenance |
1,197 1,197 |
375 375 |
| Play Equipment/Consumables Play Equipment/Consumables |
3,775 3,775 |
3,017 3,017 |
| Children's Workshops Children's Workshops |
659 659 |
270 270 |
| Office Costs Office Costs |
950 950 |
1,483 1,483 |
| Professional Fees/Legal Compliance Professional Fees/Legal Compliance |
431 431 |
276 276 |
| Accountancy & Bookkeeping Accountancy& Bookkeeping |
800 800 |
800 800 |
| (lnterest Received) (Interest Received) |
(136) (136) |
(55) (55) |
| Stripe Charges Stripe Charges |
172 172 |
- |
| Depreciation Depreciation |
298 298 |
444 444 |
| Sundry Sundry |
161 161 |
131 131 |
| Total Expenditure Total Expenditure |
72,472 72,472 |
65,083 65,083 |
| NET MOVEMENT IN FUNDS NETMOVEMENTINFUNDS |
(2,115) (2,115) |
3,808 3,808 |
| RECONCILIATION OF FUNDS: RECONCILIATION OF FUNDS: |
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| Total Funds Brought Forward Total Funds Brought Forward |
23,124 23,124 |
19,316 19,316 |
| coseeeeeweseeteegerperey | sveevwe.sseeeeueeovtees | |
| Total Funds Carried Forward TotalFundsCarriedForward |
21,009 21,009 |
23,124L 23,124 |
3 3
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Lover Lover & & Redlynch Redlynch Pre Pre School School Balance Balance Sheet Sheet For the For the Year Year Ended Ended 31st 31st July July 2024 2024
| 2024 2024 |
2023 2023 |
2023 2023 |
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|---|---|---|---|---|---|---|
| £ | £ | |||||
| Fixed assets Fixed assets |
1 4 |
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| Pre School Equipment Pre School Equipment |
513 513 |
138 138 |
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| Plant & achinery Plant & Machinery |
92 92 |
766 766 |
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| 605 605 |
904 904 |
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| Current assets Current assets |
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| Debtors Debtors |
4,724 4,724 |
3,622 3,622 |
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| Prepayments Prepayments |
: | 1,591 1,591 |
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| Cash at bank and in hand Cash at bank and in hand |
1539!. “eeetD891 |
17.271 wt7,271. |
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| 20,615 20,615 |
22,484 22,484 |
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| Creditors: amounts falling Creditors: amounts falling |
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| due within one year due within one year |
(212) (212) |
(264) (264) |
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| Net Current Assets NetCurrentAssets |
20,403 20,403 |
22,220 22,220 |
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| Net Assets NetAssets |
21,008 21,008 |
23,124 23,124 |
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| Funds Funds |
2 2 |
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| Restricted General Fund Restricted General Fund |
7,196 7,196 |
7,192 7,192 |
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| Unrestricted General Fund Unrestricted General Fund |
13,812 13,812 |
15,931 15,931 |
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| Total Funds TotalFunds |
21,008 21,008 |
23,124 23,124 |
Approved by the Board of Trustees on and signed by: Approved by the Board of Trustees on ANP coe and signed by: Helen Burton, Chair Lul torr[Butn] Buh, Helen Burton, Chair
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| Lover & Redlynch Pre Schol Lover& Redlynch Pre School |
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|---|---|---|---|---|
| Fixed Assets Fixed Assets |
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| For the Year Ended 31st July 2024 FortheYearEnded 31st July 2024 |
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| 1 Tangible fixed assets 1 Tangible fixed assets |
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| Plant & Equipment Plant& Equipment £ |
Pre School Equipment £ Pre School Equipment £ |
Fixtures & Fittings Fixtures& Fittings £ |
tote Total £ |
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| Cost At 1 August 2023 Additions Cost At 1 August2023 Additions |
5.669 5,669 a |
5,602 5,602 = |
- te |
11,271 11,271 be |
| Disposals Disposals |
: | : | : | = |
| At 31 Juy 2024 At31 July 2024 |
5,669 5,669 |
5,602 5,602 |
- | 11,271 11,271 |
| Depreciation At 1 August 2023 Depreciation At 1 August2023 |
4,903 4,903 |
5,465 5,465 |
- | 10,368 10,368 |
| Additions Additions |
253 253 |
45 45 |
- | 298 298 |
| On disposals On disposals |
: | : | - | : |
| At 31 July 2024 At31 July 2024 |
5,156 5,156 |
5,510 5,510 |
- | 10,666 10,666 |
| Net book value Netbookvalue |
eessees OeReeverscceesceneccsscescessoce: |
esesses (Peeeeceerowsceucccccecocscooescoss |
sesseeesus....5 Peeeereerercoserresaeosowers |
ese eeecereccevasevevevcorcseres |
| At 31 July 2024 At 31 July 2024 |
513 513 |
92 92 |
: | 605 605 |
| At 31 July 2023 At31July2023 |
766 766 |
138 138 |
- | 904 904 |
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5 5
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| FUNDRAISING/DONATIONS FUNDRAISING/DONATIONS |
2024 2024 |
|---|---|
| TOTAL TOTAL |
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| Advent Calender (Stripe) Lover Café Lover Valentines Lover Fayre Bags 4 Schools Easter Fayre Bubble Pop Lover Garage St Marys Easy Funding Advent Calender(Stripe) LoverCafé LoverValentines LoverFayre Bags4Schools EasterFayre Bubble Pop LoverGarage StMarys EasyFunding |
1,284 1,200 215 308 125 318 79 150 37 772847 4,200 pepei cost ome een308 5 |
| 3,716 |
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Income Wiltshire Council and Fee Income
This year continues to have had its financial challenges for the Pre-school balancing what we offer to the children and being mindful of what we spend.
In the July we said goodbye to a large number of funded children but started in the September with a healthy number of funded and unfunded children on role.
The numbers on role grew throughout the year and we were running at full capacity over the Summer months. Again in July we said goodbye to a large number of children.
Our funding from Wiltshire County Council for this year increased and was £52,487. This includes some funding for Early years pupil premium children who receive some additional funding and we have an increasing number of funded 2s through the working parents scheme which started in April 2024.
The 2023 - 2024 funded hourly rate for 3/4 year olds was £5.01ph. The funded rate for 2024- 2025 is £5.21 ph. The funded rate for two years started the school year at £5.75ph then has a huge jump to £7.61ph from September 2023. In the year 2024 - 2025 we now receive a reduced amount of £7.48ph for our disadvantaged twos and £7.17ph for our working twos.
Whilst we welcome any increase we continue to feel that early years is unvalued and there remains pressure on staff as we look to remain in ratio whilst giving the children all the nurturing and care they deserve and we pride ourselves on. We pleased that there is a financial recognition of the reduced ratios for 2 years olds and that they bring added pressures as they generally require additional support.
Our income from children being invoiced was lower than last year and totalled £14,154 . This is from unfunded 2 year olds, or funded 3’s paying for attending over the allocated funded 15 hours. We took the decision to increase our hourly rate from £5.00 to £6.00 per hour from 2022 but did not increase it this financial year.
Fundraising and donations
Below is a chart of all the funding income for the year.
Well done to the committee and staff for their hard work fundraising and thank you to the parents who have continued to support the Pre-school.
Fundraising
Advent calendars - £1284
Valentines post - £215
Clothing collection - £308
Donation from Lover repair cafe- £1200
Easter raffle - £125
Bubble pop £318
Donation St Marys - £150
Easy fundraising - £37
Total - £3716
Expenditure
Staff Costs
Staff costs continue to be our greatest expenditure. This year costing us £61,122 an increase of £7,149. Minimum wage has continued to increase. April 2022 - £9.50 per hour. April 2023 - £10.42ph, April 2024 - £11.44 and now for April 2025 £12.21 ph. Whilst we appreciate that our staff deserve more money it does put increased pressure on the preschool to fund this and especially with the new NI rules coming in from April.
Given the impact the new minimum wage and the changes to employer national insurance contributions I do not see we have a choice but to increase our fees.
I also sadly think we need to look at whether we need to charge for snack and consumables. I have always been resistant to do this, however it seems to be the norm among many early years settings.
This is something that the management team and committee will need to look carefully. We pride ourselves in providing not just childcare but an environment that nurture’s children. We need to maintain safe and effective ratios whilst not getting ourselves in the position where we are eating into our reserves to pay the wages.
Training
Staff undertook numerous courses during the year. This is the nature of our business and I believe we will have to continue at this level to meet the standards required and staff cover will be necessary to release people to attend courses.
Repairs and Maintenance
Work was carried out on the garden area during the year, hedge and grass cutting etc....
Play Equipment and Consumables
During the year the pre-school purchased items relevant to the activities of the children.
Accountancy & Bookkeeping
Amanda charged £800 including VAT for all the bookkeeping and payroll services. I would like to thank Amanda for all her support.
In conclusion
Staff and committee worked very hard during the year but I am sad to report that we made a loss this year of just over £2000. This has been covered by last years profit. The loss seems to be due to an increase in staff costs and the loss of events like the Lover fair which was a significant fundraiser for the pre-school.
The committee will continue with their fundraising efforts which is needed to support the Pre-school and I urge you all to support their efforts.