**REGISTERED CHARITY NUMBER: 1029226**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **FOR**
## **LYMINGE PRESCHOOL**
**LYMINGE PRESCHOOL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**||10||
## **LYMINGE PRESCHOOL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 August 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: (a) 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 race, culture, religion, means or ability; (b) 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; (c) Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The growing reputation of the setting and marketing (largely through word of mouth) have allowed the pre-school to operate at near capacity throughout the year. All the staff are highly competent and experienced so that we can operate near to OFSTED minimum staff pupil ratios. These two factors have led to a significant surplus for the financial year and allow us to be more generous in staff ratios for the year ahead. We have had minimal staff turnover.
We have continued to offer places to SEN children which some of our staff specialise in. During the year we have invested in replacing older equipment and engaged specialist activities such as a Children's Entertainer and Creepy Crawly Man.
In the year ahead we shall be looking at opportunities to develop staff further.
## **FINANCIAL REVIEW**
## **Financial position**
The Charity's financial position is as outlined in the accompanying financial statements.
## **Reserves policy**
The Charity has a policy of maintaining reserves to cover a minimum of six months of fixed costs.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
New Trustees are recruited from a combination of parents and other suitable individuals. Potential Trustees go through a standard approval process which includes the appropriate DBS checking and full declaration of any conflicts of interest.
Officers of the Charity are voted for at each Charity AGM.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1029226
## **Principal address**
Lyminge Village Hall Woodlands Road Lyminge Kent CT18 8EW
Page 1
**LYMINGE PRESCHOOL**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
## **Trustees**
A Hamilton D J Mapley K Towse J Davies S Chilvers L Hoople (resigned 2.10.23) M Chantler-Wimble V Woodbridge (resigned 24.6.24) M Pike L Corrie (appointed 15.1.24)
Approved by order of the board of trustees on 30 June 2025 and signed on its behalf by:
A Hamilton - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LYMINGE PRESCHOOL**
## **Independent examiner's report to the trustees of Lyminge Preschool**
I report to the charity trustees on my examination of the accounts of Lyminge Preschool (the Trust) for the year ended 31 August 2024.
## **Responsibilities and basis 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').
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 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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.
Miss C Nye CA CTA
30 June 2025
Page 3
## **LYMINGE PRESCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024**
|2024
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
500
**Charitable activities**
Preschool
239,639
Other trading activities
2
3,203
Investment income
3
1,535
**Total**
244,877
**EXPENDITURE ON**
Raising funds
1,252
**Charitable activities**
Preschool
188,844
**Total**
190,096
**NET INCOME/(EXPENDITURE)**
54,781
**RECONCILIATION OF FUNDS**
Total funds brought forward
98,912
**TOTAL FUNDS CARRIED FORWARD**
153,693|2023
Total
funds
£
692
155,933
1,613
554
158,792
422
163,427
163,849
(5,057)
103,969
98,912|
|---|---|
The notes form part of these financial statements
Page 4
**LYMINGE PRESCHOOL**
## **BALANCE SHEET 31 AUGUST 2024**
|2024
Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Cash at bank and in hand
156,941
**CREDITORS**
Amounts falling due within one year
7
(3,248)
**NET CURRENT ASSETS**
153,693
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
153,693
**NET ASSETS**
153,693
**FUNDS**
8
Unrestricted funds
153,693
**TOTAL FUNDS**
153,693|2023
Total
funds
£
99,775
(863)
98,912
98,912
98,912
98,912
98,912|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2025 and were signed on its behalf by:
A Hamilton - Trustee
D J Mapley - Trustee
The notes form part of these financial statements
Page 5
**LYMINGE PRESCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **1. 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 (FRS 102) '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 (FRS 102) (effective 1 January 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 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 basis 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 charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **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.
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||2024|2023|
||£|£|
|Fundraising events|3,203|1,613|
continued...
Page 6
**LYMINGE PRESCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **3. INVESTMENT INCOME**
||2024|2023|
|---|---|---|
||£|£|
|Deposit account interest|1,535|554|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
During the year, no Trustees received any remuneration in their role as Trustee. (2023- Nil).
## **Trustees' expenses**
During the year, the Charity reimbursed Trustees £0 (2023 - £Nil) for expenses incurred.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Preschool
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Preschool
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Preschool
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|2024
2023
11
9
Unrestricted
funds
£
692
155,933
1,613
554
158,792
422
163,427
163,849
(5,057)
103,969
98,912|
|---|---|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 7
**LYMINGE PRESCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accounts Payable
Social security and other taxes
Other creditors
Accrued expenses
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Reserve Fund
**TOTAL FUNDS**|At 1.9.23
£
88,912
10,000
98,912
98,912
Incoming
resources
£
244,877
244,877
At 1.9.22
£
93,969
10,000
103,969
103,969|2024
2023
£
£
26
311
-
65
460
358
2,762
129
3,248
863
Net
movement
At
in funds
31.8.24
£
£
54,781
143,693
-
10,000
54,781
153,693
54,781
153,693
Resources
Movement
expended
in funds
£
£
(190,096)
54,781
(190,096)
54,781
Net
movement
At
in funds
31.8.23
£
£
(5,057)
88,912
-
10,000
(5,057)
98,912
(5,057)
98,912|
|---|---|---|
## **8. MOVEMENT IN FUNDS**
continued...
Page 8
## **LYMINGE PRESCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **8. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
158,792
158,792|Resources
Movement
expended
in funds
£
£
(163,849)
(5,057)
(163,849)
(5,057)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**|At 1.9.22
£|Net
movement
in funds
£|At
31.8.24
£|
|---|---|---|---|
|General fund|93,969|49,724|143,693|
|Reserve Fund|10,000|-|10,000|
||103,969|49,724|153,693|
|**TOTAL FUNDS**|103,969|49,724|153,693|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
403,669
403,669|Resources
Movement
expended
in funds
£
£
(353,945)
49,724
(353,945)
49,724|
|---|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2024.
Page 9
**LYMINGE PRESCHOOL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Other income
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Charitable activities**
Child Income
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising Expenses
**Charitable activities**
Wages
Pensions
Rent
Insurance
Postage and stationery
Advertising
Sundries
Child Costs
Facility - Equipment
Facility - Garden
Facility - IT Costs
Facility - Kitchen
Licences & Permits
Facility - Repairs & Renewals
Training Costs
Facility - DBS Checks
Facility - Telephone
**Support costs**
**Governance costs**
Legal & professional fees
Total resources expended
**Net income/(expenditure)**|2024
£
280
220
500
3,203
1,535
239,639
244,877
1,252
149,802
2,305
9,027
897
838
49
1,130
4,733
1,768
8,558
714
1,030
255
3,466
926
117
995
186,610
2,234
190,096
54,781|2023
£
-
692
692
1,613
554
155,933
158,792
422
134,991
1,924
9,622
856
543
132
2,436
2,345
2,063
395
621
782
386
1,650
1,577
589
874
161,786
1,641
163,849
(5,057)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 10