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2024-03-31-accounts

Trustees’ Annual Report for the period

From 1[st] April 2023 Period start date To 31[st] March 2024 Period end date

Charity name: Worlingham Pre-school

Charity registration number: 1027941

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To enhance the development and
education of children primarily under
statutory school age by encouraging their
parents to understand and provide for the
needs of their children through community
groups and by:
- Offering appropriate play, education and
care facilities, family learning and extended
hours groups, together with the right of
parents to take responsibility for and to
become involved in the activities of such
groups, ensuring that such groups offer
opportunities for all children whatever their
ethnicity, culture, religion, means or ability;
- Encouraging the study of the needs of
such children and their families and
promoting public interest in and recognition
of such needs in the local areas;
- Instigating and adhering to and furthering
the aims and objectives of the Pre-School
Learning Alliance.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 To provide pre-school provision for children
under statutory school age in accordance
with the Early Years Foundation Stage
framework. The provision is provided
Monday to Friday during term time and
consists of a 3-hour morning session, a
lunch club, and a 3-hour afternoon session.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 All members have regard to the public
benefit guidance and are able to show: -
awareness of the guidance – consideration
of the guidance when making a relevant
decision - if departing from the guidance,
able to do so with good reason.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

Policy on grant making Para 1.38 Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 - The charity has evolved in the last
financial year, with new committee
members settling into their roles and
learning their responsibilities.
- The finances of the charity improved
significantly after making cutbacks and
introducing a consumable charge to
parents to cover items such as paints,
paper, wipes etc.
- Monthly payments set up to HMRC to pay
off debt including a lump sum to reduce the
monthly payments – this debt has now
been paid off.
- The setting continues to be popular and
well-attended, which is a reflection on how
parents feel that Worlingham Pre-school is
a good setting to attend.
- Staff are committed to continuous
professional development and to providing
the best care for the children attending.

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41

Investment performance Para 1.41 against objectives Other

Financial Review

Review Pa P&L for YE March 2024:
of the ra
1.
charity’s 21 Worlingham Pre - School
financial
position		 For the year ended 31
March 2024
at the
end of		 Cash Basis
the
period		 Unrestri
cted		 Restrict
funds ed funds
2024
2023
Receipts
SCC Funding 136,638 - 136,638
Pre School Fees 28,776 - 28,776
Uniform Sales 590 -
590
Interest Received 348 - 348
Other income 2,600 - 2,600
Donations and Fundraising 4,462 - 4,462
Total receipts 173,413 - 173,413
-
Payments
Staffing costs 129,485 - 129,485
General 7,792 -
7,792
Licences and insurance 2,236 - 2,236
Rent and utilities 7,494 - 7,494
Cleaning and waste 932 - 932
Maintenance 1,227 - 1,227
Telephone and internet 1,168 - 1,168
Bank charges 101 - 101
Accountancy 117 - 117
Resources and toys 1,508 - 1,508
IT 452 - 452
Total payments 152,511 - 152,511
-
Net surplus for year 20,903 - 20,903
-
Balance Sheet:
Statement of Assets and
Liabilities
Worlingham Pre - School
As at 31 March 2024
Cash Basis

31 Mar 2024 31 Mar 2023

Assets Assets
Cash at bank and in hand
Net Assets
Funds		 Cash at bank and in hand 31,178
10,275
Net Assets 31,178
10,275
Net surplus for the year (unrestricted) 20,903
90
Historical unrestricted funds
Total unrestricted funds
Restricted funds		 10,275
10,185
31,178
10,275
-
-
Total Funds 31,178
10,275

The Accounts for YE 2023 are currently unavailable so it is not possible to provide a year on year comparison of the P&L account.

The majority of the School’s income is derived from tuition fees either directly to parents or through local authority funding, with the remaining income coming from sales of uniforms, interest, charitable donations and miscellaneous fund raising.

The majority of the Schools expenditure is taken by staff salaries, with the rest being made up of rent, utilities and expenditure on children’s books and toys.

The School increased the level of reserves from 1 month up to 3 months by the year end in line with the charity’s reserve policy.

Due to issues arising from previous years, there has been a drive from the current committee principles to improve the financial systems, policies and procedures during this financial year. The consequences of this are improved reserves, better accounting and accountability and a stronger financial position going forward.

Statem Pa The charity aims to have a level of reserves sufficient to cover outgoings ra ent 1. for 3 months. explaini 22 ng the policy for holding reserve s stating why they are held Amount Pa 31,178 of ra 1. reserve 22 s held

Reason
s for
holding
zero
reserve
s		 Pa
ra
1.
22
Details
of fund
material
ly in
deficit		 Pa
ra
1.
24		 None
Explana
tion of
any
uncertai
nties
about
the
charity
continui
ng as a
going
concern		 Pa
ra
1.
23

Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Incorporated charity
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 All trustees must be voted in by the
committee during the meeting and are only
accepted in post when all the necessary
Advanced DBS checks have come back
clear

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The Pre-school is a member of the Early Years Alliance. The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any Para 1.51 related parties Other

Reference and Administrative details

Charity name Worlingham Preschool
Other name the charity uses
Registered charity number 1027941
Charity’s principal address Worlingham Preschool, Garden Lane, Worlingham, Beccles,
Suffolk, NR34 7SB

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Jordan Sibley Secretary from
06/03/2023 then
Chair from January
2024		 03/10/2022 – present
Hannah Bullen 15/11/2021 – 07/10/2024
Kelly Wigley Secretary from
February2024		 09/10/2023 – present
John White Treasurer from June
2024		 09/10/2023 – present
SammyEdwards 06/03/2023 –present

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Jordan Sibley Kelly Wigley

Chair person		 Secretary
27thJanuary 2025
27thJanuary 2025

Worlingham Pre - School Registered Charity No 1027941 Financial Statements For the year ended 31 March 2024

Worlingham Pre - School Legal and Administrative information

Name : Worlingham Pre - School

Registered Number: 1027941

Committee:

Alice Clackett (Chairperson April 2023-Oct 2023) Frances Adnams (Secretary April 2023-Oct 2023) Lucy Duffy (Treasurer April 2023-Oct 2023) Rebecca Fensome (Treasurer Nov 2023-May 2024) Jordan Sibley (Chairperson January 2024-present) Kelly Wigley (Secretary January 2024-present) John White (Treasurer May 2024-present)

Registered Address:

Worlingham Pre - School School Site Garden Lane Worlingham NR34 7SB

Receipt and Payments Account

Worlingham Pre - School For the year ended 31 March 2024 Cash Basis

----- Start of picture text -----
Unrestricted Restricted
funds funds 2024 2023
Receipts
-
SCC Funding 136,638 136,638
Pre School Fees 28,776 - 28,776
Uniform Sales 590 - 590
Interest Received 348 - 348
Other income 2,600 - 2,600
-
Donations and Fundraising 4,462 4,462
- -
Total receipts 173,413 173,413
Payments
-
Staffing costs 129,485 129,485
General 7,792 - 7,792
Licences and insurance 2,236 - 2,236
Rent and utilities 7,494 - 7,494
Cleaning and waste 932 - 932
Maintenance 1,227 - 1,227
-
Telephone and internet 1,168 1,168
Bank charges 101 - 101
Accountancy 117 - 117
-
Resources and toys 1,508 1,508
IT 452 - 452
- -
Total payments 152,511 152,511
- -
Net surplus for year 20,903 20,903
----- End of picture text -----

Statement of Assets and Liabilities

Worlingham Pre - School As at 31 March 2024 Cash Basis

----- Start of picture text -----
31 Mar 2024 31 Mar 2023
Assets
Cash at bank and in hand 31,178 10,275
Net Assets 31,178 10,275
Funds
Net surplus for the year (unrestricted) 20,903 90
Historical unrestricted funds 10,275 10,185
Total unrestricted funds 31,178 10,275
Restricted funds - -
Total Funds 31,178 10,275
----- End of picture text -----

Approved on behalf of the committee:-

Signature of Chairperson Signature of Treasurer …............................................................. …............................................................. Jordan Sibley John White Print Name : …...................................... Print Name : …...................................... 27/01/2025 27/01/2025 Date : …......................................... Date : ….........................................

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees Worlingham Pre-School On accounts for the year 31 March 2024 Charity no 1027941 ended (if any) Set out on pages Four and Five

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Date: 20 January 2025

Signed: Name: Andrew Verney Relevant professional CPFA (Retired) qualification(s) or body (if any):

Address: Paston’s Piece, Brundall Road, Blofield, NR13 4LB

1

Oct 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of NONE any items that the examiner wishes to disclose .

2

Oct 2018

IER