CHARITY REGISTRATION NUMBER: 1026795
Northern Pre School
Unaudited Financial Statements 31 August 2024
D V MARLOVV CO LIMITED
Chartered accountant
72 Wes! F,treet Portchester Fareham
Northern Pre School
Hampshire POIG 9UN Financial Statements
Year ended 31 August 2024
| Page | |
|---|---|
| Trustees' annual repat | |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 10 |
Northern Pre School
Trustees' Annual Report
Year ended 31 August 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
Reference and administrative details Registered charity name Northern Pre School Charity registration number 1026795 Principal office Richmond Rise
Portchester
Fareham
Hampshire
P016 8DG The trustees
Mrs S Roberts
Miss E King Mrs C McFarlane Mr M Reader Mrs M Reader Mr S Batt Mrs S Pearce Mrs C Woods Independent examiner Doreen Marlow 72 West Street Portchester Fareham
(Appointed 17 January 2024) (Appointed 17 January 2024) (Appointed 17 January 2024) (Appointed 17 January 2024) (Resigned 17 January 2024) (Resigned 13 March 2024) (Resigned 17 January 2024)
Hampshire
P016 91JN
Structure, governance and management
The Pre School is a registered charity.
The trustees have a policy of ensuring that the charity has sufficient reserves to continue to operate for a period of three months from the balance sheet date.
Objectives and activities
The objectives of the charity are to promote and advance the education of children between the ages of 2-5 years within a Pre-School environment.
Northern Pre School
We have now been in a position where we have been able to grow our staff numbers again. The numbers of children have increased, and this reflects in the increase of turnover this year. The Trustees of the Pre-School are very pleased with the figures this year and are proud of the hard work and enthusiasm shown by everyone
Trustees' Annual Report (continued)
Year ended 31 August 2024
Achievements and performance
Net incoming resources for the year amounted to E57,094 (2023 E 14,408), which has been added to total funds.
The staff have continued to work hard and have successfully prepared the older children for school. We feel extremely positive for the future and that the Pre-School numbers of children are growing steadily. The Pre-School has a very good reputation in the local area and parent confidence has grown; they are very happy to bring their children to our Pre-School. The feedback from parents is very positive. With a new Manager and having increased our staff numbers, the enthusiasm and a fresh approach has been very rewarding
Financial review
The trustees are very pleased with the progress that the Pre-School has made this year and are pleased that the turnover has increased considerably again.
The trustees have been very pro-active with fundraising which has enabled the Pre-School to purchase more outside equipment for the children to enjoy
Plans for future periods
We are seeing a steady increase in the number of children and have extended the age group from two years until school age. Things look very positive for the future of the Pre-School. We have continued to promote the good reputation of the Pre-School and are attracting new children through word of mouth and advertising
Increasing children numbers has enabled us to recruit more staff.
Public Benefit
When considering Northern Pre-School activities, the trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.
The trustees' annual report was approved on 9 December 2024 and signed on behalf of the board of
trustees by
Miss E King Mrs S Roberts Trustee Trustee
Independent Examiner's Report to the Trustees of Northern Pre School
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Northern Pre School ('the charity') for the year ended 31 August 2024.
Northern Pre School
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 201 1 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
1 . accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements 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.
Doreen Marlow Independent Examiner
72 West Street Portchester Fareham Hampshire P016 91-JN
Northern Pre School
Financial
August
| Statement of | Activities | |||
|---|---|---|---|---|
| Year ended 31 | 2024 | |||
| 2024 | 2023 | |||
| Unrestricted | ||||
| funds Total funds | Total | |||
| Income and endowments | Note | funds | ||
| Other trading activities | 4 | 223,551 | 223,551 | 163,798 |
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 166,457 | 166,457 | 149,390 |
| - | ||||
| Total income | 223,551 | 223,551 | 163,798 | |
| Total expenditure | 166,457 | 166,457 | 149,390 | |
| Net income and net movement in funds | 57,094 | 57,094 | 14,408 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 40,555 | 40,555 | 26, 147 | |
| Total funds carried forward | 97,649 | 97,649 | 40,555 |
The statement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing activities.
Northern Pre School
Financial
The notes on pages 6 to 8 form part of these financial statements.
- 4 -
Statement of Position
31 August 2024
| 101,461 | |||||
|---|---|---|---|---|---|
| , | |||||
| Creditors: amounts falling due | 342 | ||||
| within one year | 12 | 3,815 | 2,789 | ||
| 2024 | 2023 | ||||
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 10 | 2 | 2 | ||
| Current assets | |||||
| Debtors | 11 | 168 | 146 | ||
| Cash at bank and in hand | 101,293 | 43, 196 | |||
| Net current assets | 97,646 | 40,553 | |||
| Total assets less current liabilities | 97,648 | 40,555 | |||
| Net assets | 97,648 | 40,555 | |||
| Funds of the charity | |||||
| Unrestricted funds | 97,649 | 40,555 | |||
| Total charity funds | 13 | 97,649 | 40,555 |
These financial statements were approved by the board of trustees and authorised for issue on 9 December 2024, and are signed on behalf of the board by:
Miss E King Mrs S Roberts
Northern Pre School
Notes to the Financial Statements
Year August 2024
Trustee
Trustee
The notes on pages 6 to 8 form part of these financial statements.
- 5 -
ended 31
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and IS unincorporated. The address of the principal office is Richmond Rise, Portchester, Fareham, Hampshire, PO 16 8DG
- Statement of compliance
These financial statements have been prepared in 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 Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011
3. 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.
Northern Pre School
Financial
The financial statements are prepared in sterling, which is the functional currency of the entity
Going concern
There are no material uncertainties about the charity's ability to continue.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Outside play area Over 5 years
- Other trading activities
| Outside play area Other trading activities |
Over 5 years | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total | |
| Funds | ||||
| Funds | 2024 | Funds | 2023 | |
| Grants receivable | , 534 145 |
145, 534 | 129,412 | 129,412 |
| Fees receivable | 76,371 | 76,371 | 32,632 | 32,632 |
| Milk refunds | 392 | 392 | 232 | 232 |
| Trip income | 990 | 990 | ||
| T shirts | 25 | 25 | 77 | 77 |
| Fund raising | 1,229 | 1 ,229 | 455 | 455 |
| 223,551 | 223,551 | 163,798 | 163,798 |
Northern Pre School
Notes to the Statements
Year August 2024
Financial (continued) ended 31
| 5. | Expenditure on charitable activities by fund type | Expenditure on charitable activities by fund type | ||||
|---|---|---|---|---|---|---|
| Unrestricted Total Funds | Unrestricted Total Funds | Unrestricted | Total | |||
| Funds | ||||||
| Funds | 2024 | Funds | 2023 | |||
| Pre school running expenses | 166,457 | 166,457 | 149,390 | 149,390 | ||
| 6. | Expenditure on charitable activities by activity | Expenditure on charitable activities by activity | ||||
| type | Activities | |||||
| undertaken | Total funds | Total | ||||
| fund | ||||||
| directly | 2024 | 2023 | ||||
| Pre school running expenses | 166,457 | 166,457 | 149,390 | |||
| 7. | Independent examination fees | |||||
| 2024 | 2023 | |||||
| Fees payable to the independent examiner for. | ||||||
| Independent examination of the financial statements | 1 ,080 | 1,080 | ||||
| 8. | Staff costs | |||||
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | ||||
| 2024 | 2023 | |||||
| Wages and salaries | 1 18,537 | 1 18,537 | 105,005 | |||
| Social security costs | 1,659 | 11417 | ||||
| Other employee benefits | 1 ,561 | 2,375 | ||||
| 121,757 | 108,797 | |||||
| The average head count of employees during the year was 9 (2023: 8). The average number | The average head count of employees during the year was 9 (2023: 8). The average number | The average head count of employees during the year was 9 (2023: 8). The average number | ||||
| of full-time equivalent employees during the year is analysed as follows. | ||||||
| 2024 2023 | 2023 No. | |||||
| No. Number of staff 9 8 |
No employee received employee benefits of more than E60,000 during the year (2023: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
| NorthernPre School | NorthernPre School | ||
|---|---|---|---|
| Financia| | Land and | ||
| ended 31 | buildings | ||
| 10. Tangible fixed assets | 30,752 | ||
| 30,750 | |||
| Cost | |||
| At 1 September 2023 and 31 August 2024 | 2 | ||
| Depreciation | 2 | ||
| At 1 September 2023 and 31 August 2024 | |||
| Carrying amount At 31 August 2024 | Carrying amount At 31 August 2024 | 2024 | 2023 |
| At 31 August 2023 | |||
| 168 | 146 | ||
| 11. Debtors | |||
| Prepayments and accrued income | 2024 | 2023 | |
| 2, 769 | 2,015 | ||
| 12. Creditors: amounts falling due within one year | 1 ,046 | 774 | |
| 3,815 | 2,789 | ||
| Accruals and deferred income | |||
| Social security and other taxes |
| 31 August | 31 August | ||||
|---|---|---|---|---|---|
| 13. Analysis of charitable funds | O | ||||
| Unrestricted funds | Income | Expenditure | 24 | ||
| 1 September | 223,551 | (166,457) | 97,649 | ||
| 2023 | |||||
| General funds | 40,555 |
14. Analysis of net assets between funds
(continued)
| (continued) | ||||
|---|---|---|---|---|
| Unrestricted | Total | Funds Total | Total | |
| Funds | ||||
| Funds | 2024 | 2023 | ||
| Tangible fixed assets | 2 | 2 | 2 |
- 8 -
Management Information
Year ended 31 August 2024
Northern Pre School
Notes to the Statements
Year August 2024 The following pages do not form part of the financial statements.
Northern Pre School
Notes to the Detailed Statement of Financial
Activities
| Northern Pre SchoolPre School Notes to the Detailed Statement of Financial Activities |
||
|---|---|---|
| Year ended 31 August 2024 | ||
| 2024 | 2023 | |
| Income and endowments | ||
| Other trading activities | ||
| Grants receivable | 145,534 | 129,412 |
| Fees receivable | 76,371 | 32,632 |
| Milk refunds | 392 | 232 |
| Trip income | 990 | |
| T shirts | 25 | 77 |
| Fund raising | 1 ,229 | 455 |
| 223,551 | ||
| 163,798 |
Northern Pre School
| Northern Pre SchoolPre School | ||
|---|---|---|
| Total income | 223,551 | 163,798 |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Staff costs | 118,537 | 105,005 |
| Employer's National Insurance | 1 ,659 | 11417 |
| Pension contributions | 1 ,561 | 2,375 |
| Rent | 12,690 | 12,690 |
| Website maintenance and computer costs | 1,603 | 954 |
| Cleaning and waste disposal | 4,221 | 3,292 |
| Repairs and maintenance | 4,406 | 2,775 |
| Insurance | 1,473 | 1 ,338 |
| Children's entertainment | 562 | 100 |
| T shirts | 282 | 172 |
| Equipment hire | 437 | 332 |
| Accountancy fees | 1 ,080 | 1,080 |
| Telephone and wifi | 686 | 605 |
| Consumables | 1 ,068 | 937 |
| Training and equipment | 7,966 | 4,429 |
| Sundries | 782 | 962 |
| Postage and stationery | 146 | 64 |
| Subscriptions and licences | 533 | 519 |
| Trip expenses | 42 | 1 ,777 |
| Sports and dance sessions | 1,024 | 2,240 |
| Light, heat and water | 5,183 | 5,787 |
| Bank charges | 84 | 93 |
| Photo costs | 432 | 447 |
| Total expenditure | 166,457 | |
| 149,390 | ||
| Net income | 57,094 | |
| 14,408 |