Brandon Pre-school Playgroup Annual Report for the year ended 31" March 2024. The trustees present their annual report and financial statement of the charity for the year ended 31, March 2024. The financial statement has been prepared in accordance with the accounting policie5 set out in our Constitution, The Charities Act 2011 and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. Aims and activities for the publi¢ benef it. The aims of the pre-school are to enhance the development and education of children primarily under statutory school a8e by encouraging parents to understand and provide for the needs of their children through community groups and by-. la) Offering appropriate pay, 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 race, culture, religion. means or ability,. (bl Encouraging the study of the needs of such children and their families and promoting publi interest in and recognition of such needs in the local areas. Icl Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charities aims and objertives and in planning future activities. Trustee's Report We are making slow but steady progress towards becoming a Charitable Incorporated Organisation ICIO). We are ready to register the new CIO with the Charity Commission and will then submit our application to Ofsted. Once we have been registered by Otsted, we can prepare to close down the old re8i5tration and switch over to the new one. After having made a loss over the previous few years, we have made a small profit this year. We had been working hard to address our flnancial robustness and fortunately in the past we had benefitted from a period where we had been accruing profits which has cushioned us during those difficult years. As a charity we are not expected to make large amounts of profit, and we want the playgroup to benefit from spending on fair wages for staff and wonderful resources for your children as much a5 we can. The trustees would like to thank staff and volunteers for their dedication and hard work throughout the year.
Structure, Governance and Mana8ement The pre-school is a registered charity, number 1029166, and is constituted under the Prtrschool th Learning Alliance Model Pre-school Constitution 2011, adopted by the Trustees on the 24 October 2012. At the Annual General Meeting (AGM), Trustees will be elected by parents (members) of the pre- school. The minimum number of elected trustees shall be 5 and the maximum shall be 12. Trustees can CCtrOPt up to 3 further Trustees at any time after the AGM. The Trustees shall hold at least 2 meetings each year. Every issue considered by the Trustees at meeting5 may be deterrnined by a simple majority vote. A Trustee must absent himself or herself from any discussions in which it is possible that a conflict of interest may arise and may take no part in any vote on the matter. Reference and Administrative Detail$ Names of the Trustees who manage the charity: Laura Boone (Chairperson) Rebecca Connor (retired February 20241 Olivia Davey (retired February 20241 Kimberly Egan-welch (retired February 2024) Claire Goldstone (Treasurer) Gemma Hargreaves (retired October 20231 Patricia Masango Laura Smith (Secretary) Sam Snalth Iretired February 2024) Clare Taylor Name of trustees holding title to property belonging to the charity: Laura Boone Claire Goldstone Approved by the Trustees on 3 January 2025 and signed on their behalf by: Laura Boone Chairperson
REGISTERED CHARITY NUMBER: 1029166 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2024 for Brandon Pre-school Pla rou TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 OAU
Brandon Pre-school Pla rou Cont nts of th Financlal Statements for the ear end d 31st March 2024 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Activlties 8alan¢e Sheet Notes to the Flnancial Statements Detalled Statement of Financial Activlties 10 to 11
Brandon Pre-school Pla rou Re ort of the Trustees for the ear ended 31st March 2024 The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of trust. and constitutes an unincorporated charitv. Rlsk management The trustees have a duty to identify and review the risk5 to which the charity charityis exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1029166 Principal address The Brandon Centre Bury Road Brandon Suffolk IP27 OBQ Trustees Mrs L Boone Mrs C Goldstone Mrs R Connor (resigned 29.2.241 Mrs C Tay5or Mrs L Smith Mrs P MacLeod (resigned 27.4.231 Mrs R Dibley (resigned 29.2.24} Mrs K Egan-welch Iresigned 29.2.241 Mrs K Rolph (appointed 29.2.241 Mr L Pittingale (appointed 29.2.241 Mrs P Masango Independent Examiner Patrick Smith FCCA TWR Accountants The Old Registrars 57a High Street Brandon Suffolk IP27 OAU Approved by order of the board of trustee5 on signed on its behalf by: Mrs L Boone- Trustee Page I
Inde endent Examlner's Re ort to the Trustees of Brandon Pre-school Pla rou Independent examlner's report to the trustees of Brandon Pre-school Playgroup I report to the charity trustees on my examination of the accounts of Brandon Pre-school Playgroup (the Trust) for the year ended 31st March 2024. Responslbllltles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examlnÈr's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination givin8 me cause to believe that in any material respect: accounting record5 were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts 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 en3ble a proper understanding of the accounts to be reached. Patrick Smith FCCA TWR Accountant5 The Old Registrars 57a High Street Brandon Suffolk IP27 OAU Date: . Page 2
Brandon Pre-school Pla rou Statement of Financial Activitles for the ear ended 31st March 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 159.358 142,081 1,350 179 910 47 other trading activities Investment income 160,887 143,038 Total EXPENDITURE ON Raising funds Raising donations and legacies 134,146 142,212 134,146 142,212 19,858 22,144 other 154,004 164,356 Total 6,883 121,3181 NET INCOMEIIEXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward 4,449 25,767 4,449 TOTAL FUNDS CARRIED FORWARD 11,332 The notes form part of these financial statements Page 3
Bran on Pre-school Pla rou Balance Sheet 31st March 2024 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Cash at bank and in hand 28,661 19,OB8 CREDITORS Amounts falling due within one year (17,3291 114,6391 NET CURRENT ASSETS 11,332 4,449 TOTAL ASSETS LESS CURRENT LIABILITIES 11,332 4.449 11,332 4,449 NET ASSETS FUNDS Unrestricted funds 11,332 4,449 11,332 4,449 TOTAL FUNDS ncial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. Mrs C Goldstone- Trustee The notes form part of these financial statements Page 4
Brandon Pre-school Pla rou Notes to the Financial Statements for the ear ended 31st March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 RepLtblic of Ireland IFRS 1021 (effective l January 20191,, 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 Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basi5 consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING AcfiviTIES 2024 2023 Fundraising events 1,350 910 Page 5 continued.
Bran onPr -school Pla rou Notes to the Financial Statements- continued for the ear ended 31st March 2024 INVESTMENT INCOME 2024 2023 Bank interest 179 47 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023. STAFF COST5 2024 2023 Wages and salaries Other pension costs 114,557 1,643 118,363 1,577 116,200 119,940 The avera8e monthly number of employees during the year was a5 follows: 2024 io 2023 io General No employees Teceived emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 142,081 Other trading activities Investment income 910 47 Total 143,038 EXPENDITURE ON Raislng funds Raising donations and legacies 142,212 142,212 Other 22,144 Total 164,356 Page 6 continued...
Brandon Pre-school Pla rou Notes to the Financial Statements- continued for the ear ended 31st March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIALA1v1TIE5- continued Unrestricted fund NET INCOMEI(EXPENDITURE) 121,3181 RECONCILIATION OF FUNDS Total f unds brought forward 25.767 TOTAL FUNDS CARRIED FORWARD 4,449 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Accrued expenses 13,595 328 3,406 13,677 332 630 17,329 14,639 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 4,449 6,883 11,332 TOTAL FUNDS 4,449 6,883 11,332 Net movement in funds, included in the above are as follows.. Incoming resources Resource5 expended Movement in funds Unrestricted fund5 General fund 160,887 {154,004} 6,883 TOTAL FUNDS 160,887 1154,004) 6,883 Page 7 continued...
Brandon Pre-school Pla rou Notes to the Financlal Statements- continued for the ear ended 31st March 2024 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 4,449 25.767 121,3181 TOTAL FUNDS 25.767 {21,3181 4,449 Comparative net movement in funds. induded in the above are as follows.. Incoming resources Resovrces expended Movement in funds Unrestrirted funds General fund 143,038 1164,3561 121,3181 1164,356) {21,3181 TOTAL FUNDS 143,038 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund 25.767 114,4351 11,332 11,332 TOTAL FUNDS 25,767 (14.4351 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resource5 Resources expended Movement in funds Unrestricted fund5 General f und 303.925 1318,3601 114,435} TOTAL FUNDS 303,925 318,3601 114,435) Page 8 continued...
Brandon Pre-school Pla rou Notes to the Financial Statements- continued for the ear ended 31st March 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2024. Page 9
Brandon Pre-school Pla rou Detailed Statemen of Financlal Activities for the nded 31st March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Suffolk CC grant Fee income other income Breakfast and lunch club 124,710 32,682 623 1,343 110,748 25,104 4.825 1,404 159,358 142,081 Other tradlnE activlties Fundraising events 1.350 910 Investment income Bank interest 179 47 143,038 Total incomlng resources 160,887 EXPENDITURE Raislng donatlons and lesacies Wages Pensions Equipment and materials Service charges Trips and excursions 114,557 1,643 5,900 12,046 118,363 1.577 5,027 15,929 1,316 134,146 142.212 Support costs Management Rates Telephone Computer expenses Repairs and renewals Sundries Subs and insurance Training 461 2,674 12,029 92 1,835 85 519 707 1,889 11,825 97 2,449 1,172 368 17,695 18,507 Flnance Bank charges 142 164 Governance costs Accountancy Carried forward 762 762 654 654 This page does not form part of the statutory financial statements Page 10
Jrandon Pre-school Pla rou Detailed Statement of Financial Activities for the ear ended 31st March 2024 2024 2023 Governance costs Brought forward Professional fees DBS checks 762 I,IZ9 130 654 2,640 179 Z,021 3,473 Total resources expended 154,004 164,356 Net incomellexpenditure) 6,883 (21,3181 This page does not form part of the statutory financial statements Page 11