SANDCASTLES PRESCHOOL YEAR ENDED 31 AUGUST 2024 Contents Page Committee's report Independent Examinerfs report Statement of financial activities Balance sheet Notes and accounting policies 5-6 Detailed income and expenditure account SANDCASTLES PRE-SCHOOL TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 Reference and admlnlstratlon deta118 Charlty registration number 1029267 Principal address sandCast￿s Pre School Barrington Street Tiverton Devon Commlttee Lisa Slocombe Noma Webber Sharon Broadhead Linda Jenkins Karen Embley (Chair) Custodian Trustees Melissa Lockyer Angle Fisher Structure. govemance and management The governing document of the charity is a constitution modelled on the pre-school constitution prodU￿d by the Pre School Leaming Alliance. The original constitub'on was adopted in March 1992 and was most re￿ntlY updated in 2008. The members of the Committee, who are trustees for the purposes of The Charrties Acts, are elected every year at the Annual General Meeting. The leasehold propety of the charity is vested in Custodhgn Trustees who are appointed by the Committee. Objectives and actlvities The aim of the Charity is to enhance the development and education of chIld￿n primarily under school age by encouraging parents to understand and provide for the needs of their children through community groups. In planning its activities the charity has considered the Charity Commission's guidance on public benefft. Flnancial review and res•rvos pollcy The surplus for the year to 31 August 2024 was £31.400 and this has increased the General Reserve to £105,637 at the balance sheet date. This further strengthens the financial position following the difficuEt years affected by the Covid pandemic. The Charity expects to maintain a general reserve equivalent to at least iwo months running costs, together with sufficient fvnds to cover redundancy costs in the event of ￿SSation. The Restricted Fund, whth includes lottery funding. is a fund set up to collect for expenditure on play equipment and other resources. Thls roport was approved on 30 June 2025 Linda Jenkins (Chair) SANDCASTLES PREJ6CHOOL YEAR ENDED 31st AUGUST 2024 INDEPENDENT EXAMINER'S REPORT TO THE COMMirrEE This report on the accounts of Sandcastles Pre-school for the year ended 311t August 2024, which are set out on pages 3 to 6, is in respect of an examination carried out under section 145 of the Charities Act 2011. Responsibillties and basls of the report As the tharity's trustees you are responsible for the preparation of the accounts in accordance with the reqU1￿ments of the Charities Act 2011 (the Act) I report in respect of my examination of the accounts carried out under section 145 of the Act and, in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act Independent Examlner's Stst•m•nt The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect.. The accounting records We￿ not kept in accordance with section 130 of the Act., or The accounts did not acwrd with the accounting records., or The accounts did not comply with the applicable requirements conceming the fomi 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 fail 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 examinab'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R Mugford Certified Accountant 21 Angel Hill Tiverton Devon EX16 SPE 27 June 2025 SANDCASTLES PRE4CHOOL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 Unrestrlcted General fund Restrlctsd fund Totsl 2024 Totsl 2023 Notes Incomlng resources Incomlng resources from generated funds: Voluntsry income". Fund rasing activits'es Investment income Incomlng re80urces from charltable actlvltles: Fees and vouchers One to One funding Other income 83 1,353 1,436 1,064 1,137 274 453,685 8.288 453,685 8,288 387,891 3,972 463,120 1,353 464,473 393,274 Resources expended Charltable actlvltles Staff costs Property costs Office costs Equipment costs (Xher support costs 372,295 19,745 7,106 1,095 29,439 429,680 372,295 20,265 7.106 1,095 29,439 430.200 336,101 18,057 6,441 393 26,761 387,753 520 520 Governance costs 2,040 2,040 1,860 Total resources expended 431,720 520 432,240 389,613 Net surplus for the year before transfers Transfers between funds Net movement In funds Fund balances brought forward 31.400 833 32,233 3,661 31,400 74,237 833 1,294 32,233 75,531 3,661 71,870 Fund balances carrled forward 105,637 2.127 107,764 75,531 The statement of financial activities Ir￿ude$ all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. SANDCASTLES pRE￿CHOOL BALANCE SHEET 31 AUGUST 2024 Notes 2024 2023 urrent assets ash at bank and in hand ages paid in advance 107,042 5.922 78,011 5,414 112.964 83,425 Creditors: Amounts falling due within one year 5,200 7,894 Net current ap/3ets 107,764 75,531 Net assets 107,764 75,531 Funds Unrestricted income fund: General fund Restricted income fund: Committee account 105,637 74,237 2,127 1,294 107,764 75,531 Approved on behalf of the Comrnittee on 30 June 2025 Linda Jenkins SANDCASTLES PRE￿cHOoL YEAR ENDED 31 AUGUST 2024 NOTES TO THE ACCOUNTS Govemance Govemance costs of £2,040 (2023.. £1,860) ￿present fees, including VAT, paid to the independent examiner for accountancy serrftces and examination of the accounts. Tru8tee remuneration and expenses No trustee received any ￿munerab.0n or reimbursement of expenses during the year. Creditors 2024 2023 Accruals 5,200 7,894 7,894 Movements in funds At 01109￿023 Incomin resou￿5 Out oin resources At 3110812024 Restricted funds Unrestr￿ted fund 1.294 74,237 75,131 1,353 463,120 464,473 520 431,720 432,240 2,127 105,637 107,764 SANDCASTLES PRE4CHOOL INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 AUGUST 2024 General Fund Restrlcted Funds 2024 2023 Recelpts Fees: Parents Vouchers One to One funding Fund raising Interest 172,789 280,896 8,288 83 1,064 463,120 172,789 280,896 8,288 1,436 1,064 464,473 196,628 191,263 3,972 1,137 274 393,274 1,353 1,353 Payments Wages Rent. water and waste collection Heat and light Property repairs and maintenance Cleaning 372.295 372,295 336,101 2,869 7,618 5,299 3,959 2,869 7,618 5,819 3,959 2,598 5,766 5,743 3,950 520 Postage ststionery and office expenses Telephone Equipment repairs and renewals Children's resources Food and refreshments Insurance and Subscriptions Other expenses Accountsncy 6,284 822 6,284 822 5,314 1,127 1,095 1,095 393 14,4( 6,904 3,863 4,266 14,406 6,904 3,863 4,266 14,745 6,882 3,738 1,396 2,040 1,860 431.720 520 432,240 389,613 Surplusldefictt for tho year 31,400 833 32,233 3,661 Transfers be￿een funds Funds brought forward 74,237 1,294 75,531 71,870 Funds carried forward 105,637 2,127 107,764 75,531