EY412544 Registered Charity No:1027881 Killisick Pre-school @Coppice Farm Primary School, Laver Close, Arnold, Nottingham NG5 7LS e-mail: Killisick.ps@ntlworld.com Tel: 0115 8598143 Trustees Annual Report for the year ending 31" March 2024 Name Killisick Preschool Address Laver Close, Arnold, Nottingham. NG5 7LS Charity Number 1027881 Aims & Ob'ectives: To enhance the development and education of children aged 2 to 5 years by offering a variety of learning and educational experiences acros5 all areas of the Early Years Foundation Stage curriculum to all children regardless of their race, religion, means and culture. We encourage parents/carers to take an active role in their child's early years education. We give the parents/carers the opportunity and support to contribute to their learning records by sharing learning and home experiences. Parents/carers are also given the opportunity to take part in the child's development, through an open-door policy and joining parent groups or the preschool committee. The charity operates under the Pre-school Learning Alliance Constitution which was, originally adopted in April 1996 and most recently amended on 30/05/2013 to The Pre- school Learning Alliance Constitution 2011 . The charit¢s trustees are responsible for maintaining and preparing the financial accounts. The charity's Independent examiner is TCP Accountants a copy of the examined accounts is attached. New trustees are appointed at the Annual General Meeting. All new committee members are added to the Charity Commission when suitability letters are received from Ofsted. Up to 3 members can be co-opted by the committee in between AGMS. The Trustees confirm that they have complied with due regard to the Charity Commissions general guidance on "Charities and Public benefit". The Charities Act 2011. The main objectives of the charity are to provide a stimulating and exciting learning environment for children aged 2-5 in which they can develop and extend their learning across all areas of the Early Years Foundation Stage curriculum. To do this the charity strives to engage with parents and carers and to offer high quality opportunities to all members and their families regardless of race, culture, religion, means or ability. Whilst doing this the charity adheres to the aims and objectives of the Pre-school Learning Alliance from whom it receives regular training and support. We follow the guidelines of the Education Department, Nottinghamshire County Council Early Years Team and Ofsted as set out in the Foundation Stage Curriculum Statutory Guidance and Early Years Outcomes Documents. We offer flexible patterns of attendance to meet the needs of those who attend and welcome all families. We also have great links with all the local primary schools which helps the children with their transition into reception classes. We have a comprehensive set of policies and procedures covering all areas including Safeguarding, Equal Opportunities, Health and Safety and Prevent Duty. The Preschool has achieved a "GOOD" Ofsted rating in 2005, 2008, 2011,2016 and retained this rating in January 2020. Killisick Pre-school provides term time sessional day care from 8.50am until 3.35pm Monday to Friday. We offer Government funded hours to eligible 2,3- and 4-year-olds and children who access EYIF (Early Years Inclusion Fund}. Flexible payment arrangements are offered to Parents and Carers paying for sessions. Our fee rates are set by the committee to cover the ongoing running costs of the setting. These are reviewed annually by the committee and the Business administrator. in Our main source of income is received through Government funding from Nottinghamshire County Council. This includes: 15130 hours funding for 3 and 4year olds (Universal entitlement) 15 hours for eligible 2year olds which is means tested. Pupil Premium, DAF, and Inclusion funding. Alongside this, parent fees and fundraising events make up the remaining income. All fundraising events are run by staff and committee. Risks The main financial risk for the pre-school is the National Minimum Wage increase which has gone up quite significantly in the last few years plus low numbers in September which impacts on finances. The government has also said there will be another increase in April 2024, putting the minimum wage up to £11.44, this will put immense pressure on our finances. The Business administrator and committee keep a close eye on both factors and try to fill the spaces through advertising. (Which also comes at a cost). An additional risk is the rise in the National Minimum Wage resulting in higher outgoing for staff wages alongside low funding rates (which have not increased in line with the National Minimum Wage.) Funding rates do not cover the true cost of a child's place. In 2025 the lease is up for renewal which means the committee needs to try and negotiate peppercorn rent (£1) for the years going forward, otherwise if they ask us to start paying rent, this will put us out of business. We are now in negotiations with Notts County Council, Early Years and Coppice Farm School 2023 2024 The preschool employs 8 staff members. We continue to offer a high staff to pupil ratio within the setting. This year all staff have been supported with their ongoing training and PDPS through training courses both online and in person. Covid restrictions have now gone although lots of suppliers still only offer Zoom or Teams training. The preschool 15 supported by, and values help from outside agencies including Early Years Alliance, Early Years Specialist Teachers f rom NCC, Family support workers, speech and language therapists and health visitors. Reserves The preschool committee has adopted a reserves policy, which is reviewed annually. Our reserves are built up from the unrestricted income. The level of reserves is monitored every year by the committee. If there is a need to increase the reserve account this will be discussed and actioned by the committee. The reserves are impacted every year by the National Minimum Wage going up, requiring us to find more funds to cover this. The purpose of the reserves is. To cover redundancy payments to staff. To ensure there is sufficient funds available for the upkeep and maintenance of the building. To cover unforeseen additional expenses, To ensure the continuation of the provision for the children attending preschool, including working costs. REGISTERED CHARITY NUMBER: 1027881 REPORT OF THE TRUSTEES AND UNAVOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KIiUSICK PRE-SCHOOL TCP IGBI Group Ltd I Crow Hill Drive Mansfield Nottinghamshire NG19 7AE KIWSICK PRE-SCHOOL coNrENTS OF THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Activitie5 Statement of Flnantlal Posltlon Notes to the Flnanclal Statements 5t06 Detalled Statement of Financlal Attivlties KIWSICK PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tTUStees present their report with the financial statements of the charity for the year ended 31 March 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 IFRS 1021 (effective l January 20151. STRucfuRE. GOVERNANCE AND MANAGEMENT Governln8 document The tharity is controlled by its governing document. a deed of twsL and constitutes an unlncorporated charity. REFERENCE ANO ADMIN15TrATIVE DETAILS Registered Charity number 1027881 Prlnclpal address Laver Close Arnold Nottingham Nottinghamshire NG5 7LS Trustees Mrs Y Marshall Mrs K Cox Mrs A Martel Ms S Williams Independent examlner TCP IGBI Group Ltd I Crow Hill DrSve Mansfield Nottinghamshire NG19 7AE Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by: Mrs Y Marshall - Trustee Page I INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF KILUSICK PRE-SCHOOL Independent examlner's report to the trnstees of Kllllsl¢k PrtrS¢hool I report to the charity trustees on rny examination of the accounts of the Killisick Pre-school Ithe Trust) for the year ended 31 March 204 which are set out on pages 3 to 7. Respon51bllltles and ba515 of report the charity trustees you are responsible for the preparation of the accounts in accordance with the requlrements of the Charitles Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under sectiorb 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity commis￿on under section 14515llbl of the Act. Independènt examlner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. actountlnB records were not kept In respert of the Trust as requlred by sertlon 130 of the Act,. or the accounts do not accord wlth those records.. or the accounts do not compty with the applicable requirements conterning the form and content of accounts set out in the Charities IActounts and Reports) Regulations 2￿8 other than any requirement that the accounts grve 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 thls report in order to enoble a proper under5tsndin8 of the account5 to be reached. TCP IGBI Group Ltd I Crow Hill Drive Mansfield Nottinghamshlre NG19 7AE 28 January 2025 Page 2 KILUSICK PRE-SCHOOL STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MARCH 2024 311312423 Unrestricted fund 311312023 Total fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 186.720 162,108 Other trading activities 313 Other trading activities Investment income 104 204 894 Totsl 187.927 162,416 EXPENDITURE ON Ralslng funds Other 179.782 148,177 Total 179.782 148,177 NET INCOMEIIEXPENDtfuRÉ) 8.145 14,239 RECONCILIATION OF FUNDS Total funds brought lorward 130,556 116,317 TOTAL FUNDS CARRIED FORWARD 138,701 130,556 The notes form part ofthese financial ststements Page 3 KIWSICK PRE-SCHOOL STATEME￿ OF FINANCIAL POSITION AT 31 MARCH Z024 311312024 Unrestricted fund 311312023 Total funds Notes CURRENT A55Efs Cash at bank and in hand Prepayments 139,148 84 132,783 82 139.232 132,862 CURRENT LIABILrriES Other tax and soclal securlty Other creditor5 531 465 531 2,309 CURRENT ASSETS 138,701 130.556 TOTAL ASSETS LESS CURRErir UABILMES 138,701 130,556 NET ASSETS 138,701 130,556 FUNDS Unrestricted funds 138,701 130,556 TOTAL FUNDS 138.701 130,556 The flnancial statements were approved by the Board of Trustees on xx January 2025 and were sl8ned on its behalf by.. Mr5 Yvonne Marshall -Trustee The notes form part ofthese financial ststements Page 4 KIWSICK PRE-SCHOOL NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUPlnNG POUCIES Basls of preparlnl the Ilnancial ststements The financial statements of the charrty, which is a publlc benefit enttty under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 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 Artivities once the charity has entitlement to the funds, it is probable that the Income will be recelved and the amount can be measured reliablv. Expendlture Liabillties are recognlsed as expen(J[tu￿ as soon as there Is a legal or constructwe obllgatlon commlttlng the charlty to that expenditure, ft Is probable that a transfer of economic benefits will be required in settlement and the amount of the obli8ation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin85 that ag8re8ate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvltles on a basls conslstent with the use of resources. Taxatlon The charity is exempt from tax on its charitable activities. Fund accountln8 Unrestritted funds can be used In accordance with the charltable oblectfves at the dlscretlon of the tru5tee5. Restricted funds can only be used for particular restricted purposes within the objerts of the charity. Restrictions arise when specifled by the donor or when funds are ralsed for partlcular restrl¢ted purposes. Further explanatlon of the nature and purpose of each fund Is Included in the notes to the flnanclal statements. Pen51on costs and other post-retlrement benÈffts The charity operates a defined contribution pension scheme. Contributlons payable to the charlty's penslon scheme are charged to the Statement of Financial Artivities in the period to whSch they relate. OTHER TRADING AcnvmES 3V312024 311312023 Fundraising events 313 INVESTMENT INCOME 311312024 311312023 Deposlt account Interest 894 204 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TrustÈes' expenses There were no trustees, expense5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 5 KILLISICK PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS The average monthly number of employees duringthe year was as follows- 311312024 311312023 Admlnlstration Staff No employees received emoluments in excess of £60.LIX). MOVEMENT IN FUNDS Net movement in funds At 11412023 At 311312024 Unrestrlcted funds General fund 130,556 8.145 138,701 TOTAL FUNDS 130,556 8,145 138,701 Net movement In funds, Included Srt the above a￿ as follows.. Incoming resources Resources expended Movement in funds Unrestrlrted tunds General fund 187,927 1179.7821 8,145 TOTAL FUNDS 187,927 1179,7821 8,145 Comparatlves for movement In funds Net movement In funds At ty412022 At 311312023 Unrestrlcted Funds General fund 116,317 14,239 130,556 TOTAL FUNDS 116,317 14.239 130.556 Comparative net movement in funds, included in the above are as follows-. Incomlng resources ReSOUTces expended Movement in funds Unrestrlcted funds General fund 162.311 1148.1171 14,239 TOTAL FUNDS 162.311 1148.1771 14.239 RELATED PARTY DISCIOSURES There were no related party transactions for the year ended 31 March 2024. Page 6 REGISTERED CHARITY NUMBER: 1027881 REPORT OF THE TRUSTEES AND UNAVOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KIiUSICK PRE-SCHOOL TCP IGBI Group Ltd I Crow Hill Drive Mansfield Nottinghamshire NG19 7AE KIWSICK PRE-SCHOOL coNrENTS OF THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Activitie5 Statement of Flnantlal Posltlon Notes to the Flnanclal Statements 5t06 Detalled Statement of Financlal Attivlties KIWSICK PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tTUStees present their report with the financial statements of the charity for the year ended 31 March 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 IFRS 1021 (effective l January 20151. STRucfuRE. GOVERNANCE AND MANAGEMENT Governln8 document The tharity is controlled by its governing document. a deed of twsL and constitutes an unlncorporated charity. REFERENCE ANO ADMIN15TrATIVE DETAILS Registered Charity number 1027881 Prlnclpal address Laver Close Arnold Nottingham Nottinghamshire NG5 7LS Trustees Mrs Y Marshall Mrs K Cox Mrs A Martel Ms S Williams Independent examlner TCP IGBI Group Ltd I Crow Hill DrSve Mansfield Nottinghamshire NG19 7AE Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by: Mrs Y Marshall - Trustee Page I INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF KILUSICK PRE-SCHOOL Independent examlner's report to the trnstees of Kllllsl¢k PrtrS¢hool I report to the charity trustees on rny examination of the accounts of the Killisick Pre-school Ithe Trust) for the year ended 31 March 204 which are set out on pages 3 to 7. Respon51bllltles and ba515 of report the charity trustees you are responsible for the preparation of the accounts in accordance with the requlrements of the Charitles Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under sectiorb 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity commis￿on under section 14515llbl of the Act. Independènt examlner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. actountlnB records were not kept In respert of the Trust as requlred by sertlon 130 of the Act,. or the accounts do not accord wlth those records.. or the accounts do not compty with the applicable requirements conterning the form and content of accounts set out in the Charities IActounts and Reports) Regulations 2￿8 other than any requirement that the accounts grve 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 thls report in order to enoble a proper under5tsndin8 of the account5 to be reached. TCP IGBI Group Ltd I Crow Hill Drive Mansfield Nottinghamshlre NG19 7AE 28 January 2025 Page 2 KILUSICK PRE-SCHOOL STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MARCH 2024 311312423 Unrestricted fund 311312023 Total fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 186.720 162,108 Other trading activities 313 Other trading activities Investment income 104 204 894 Totsl 187.927 162,416 EXPENDITURE ON Ralslng funds Other 179.782 148,177 Total 179.782 148,177 NET INCOMEIIEXPENDtfuRÉ) 8.145 14,239 RECONCILIATION OF FUNDS Total funds brought lorward 130,556 116,317 TOTAL FUNDS CARRIED FORWARD 138,701 130,556 The notes form part ofthese financial ststements Page 3 KIWSICK PRE-SCHOOL STATEME￿ OF FINANCIAL POSITION AT 31 MARCH Z024 311312024 Unrestricted fund 311312023 Total funds Notes CURRENT A55Efs Cash at bank and in hand Prepayments 139,148 84 132,783 82 139.232 132,862 CURRENT LIABILrriES Other tax and soclal securlty Other creditor5 531 465 531 2,309 CURRENT ASSETS 138,701 130.556 TOTAL ASSETS LESS CURRErir UABILMES 138,701 130,556 NET ASSETS 138,701 130,556 FUNDS Unrestricted funds 138,701 130,556 TOTAL FUNDS 138.701 130,556 The flnancial statements were approved by the Board of Trustees on xx January 2025 and were sl8ned on its behalf by.. Mr5 Yvonne Marshall -Trustee The notes form part ofthese financial ststements Page 4 KIWSICK PRE-SCHOOL NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUPlnNG POUCIES Basls of preparlnl the Ilnancial ststements The financial statements of the charrty, which is a publlc benefit enttty under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5'. statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 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 Artivities once the charity has entitlement to the funds, it is probable that the Income will be recelved and the amount can be measured reliablv. Expendlture Liabillties are recognlsed as expen(J[tu￿ as soon as there Is a legal or constructwe obllgatlon commlttlng the charlty to that expenditure, ft Is probable that a transfer of economic benefits will be required in settlement and the amount of the obli8ation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin85 that ag8re8ate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvltles on a basls conslstent with the use of resources. Taxatlon The charity is exempt from tax on its charitable activities. Fund accountln8 Unrestritted funds can be used In accordance with the charltable oblectfves at the dlscretlon of the tru5tee5. Restricted funds can only be used for particular restricted purposes within the objerts of the charity. Restrictions arise when specifled by the donor or when funds are ralsed for partlcular restrl¢ted purposes. Further explanatlon of the nature and purpose of each fund Is Included in the notes to the flnanclal statements. Pen51on costs and other post-retlrement benÈffts The charity operates a defined contribution pension scheme. Contributlons payable to the charlty's penslon scheme are charged to the Statement of Financial Artivities in the period to whSch they relate. OTHER TRADING AcnvmES 3V312024 311312023 Fundraising events 313 INVESTMENT INCOME 311312024 311312023 Deposlt account Interest 894 204 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. TrustÈes' expenses There were no trustees, expense5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 5 KILLISICK PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS The average monthly number of employees duringthe year was as follows- 311312024 311312023 Admlnlstration Staff No employees received emoluments in excess of £60.LIX). MOVEMENT IN FUNDS Net movement in funds At 11412023 At 311312024 Unrestrlcted funds General fund 130,556 8.145 138,701 TOTAL FUNDS 130,556 8,145 138,701 Net movement In funds, Included Srt the above a￿ as follows.. Incoming resources Resources expended Movement in funds Unrestrlrted tunds General fund 187,927 1179.7821 8,145 TOTAL FUNDS 187,927 1179,7821 8,145 Comparatlves for movement In funds Net movement In funds At ty412022 At 311312023 Unrestrlcted Funds General fund 116,317 14,239 130,556 TOTAL FUNDS 116,317 14.239 130.556 Comparative net movement in funds, included in the above are as follows-. Incomlng resources ReSOUTces expended Movement in funds Unrestrlcted funds General fund 162.311 1148.1171 14,239 TOTAL FUNDS 162.311 1148.1771 14.239 RELATED PARTY DISCIOSURES There were no related party transactions for the year ended 31 March 2024. Page 6