## **Stone Cross Independent Pre-School Annual General Meeting 9:30am 27[th] June 2025** ## **Stone Cross Memorial Hall.** ## **Committee:** Gaye Nethercot (Chair), Kelly McQuillan (Treasurer), Amie Reddin (Secretary), Hayley Edwards, Tristan Lindsay, Louise Miller. ## **Committee apologies: None** ## **Open Meeting:** Welcome everyone to the Stone Cross Independent Pre-School Annual General Meeting. For those that don’t know me, my name is Gaye Nethercot. We really do appreciate parents coming to the AGM here today. As you know we are a voluntary committee run pre-school and follow the pre-school learning alliance constitution. To be able to hold the AGM we need a certain number of Parents here. We do have over 10% in attendance as required so thank you. To clarify, the details of this AGM will cover the school year 1[st] September 2023 through to 31[st] August 2024. ## **Minutes:** Can we please agree that the minutes for the AGM held on Wednesday 26[th] June 2024 and that they are an accurate record and representation? Please would somebody propose and second that the minutes are an accurate record of last year’s AGM. The 2024 AGM minutes were proposed as being a true representation of the meeting by Sharon Gavigan and seconded by Tristan Lindsay. ## **Matters Arising:** None ## **Chair Report:** ## **Staff Changes** Nursery Unit – Rebecca Knowles took up the full time Pre-School Assistant role from 1[st] September 2023. Bella Lidace joined the Bank Team as a One To One in 15[th] September 2023 and left 12[th] July 2024. Memorial Hall – Stacey Gaffney resigned 13[th] September 2023. Emel Ipek joined as pre-school assistant 27[th] November 2023. Emma Wallace joined Bank Team 14[th] September 2023 and then took up pre-school assistant role 6[th] April 2024. Bank Team – Ria Bowles joined the bank team 14[th] June 2024. ## **Committee Changes** The AGM was held in June 2024 with the election of the Committee. Victoria Crysell did not continue with Ofsted application form so did not formally join and removed from committee list on 17/02/2024. ## **School Year September 2023 to August 2024** Trips were arranged, Blackberry Farm for the Unit, Knockhatch, Hampden Park and Eastbourne Beach for both settings all of which were well attended. We have continued to fundraise with charity events such as Cyril Squirrel, Easter Competition, 100 squares and the Christmas shows. We also received donations from the pre-school photographer NX Photos and Parent donations of their holding deposit. Thank you to all Parents, Staff and Committee for all your continuing support. ## **Staff Training** As always the staff undertook a huge amount of training during the year, both in and out of the usual working hours. Essential training continued both online and at face-to-face training events. A big thank you to the staff for this continued commitment to the pre-school and children. - All staff at both settings are up to date with Safeguarding, Paediatric First Aid and Food Hygiene Training. - Sharon Britton, Jackie Kitts, Sharon Gavigan and Kerry Noble attended EYFS Network meetings and Inclusion Support groups that were held throughout the year. - Hall - Tracy Saunders renewed her Health & Safety training. Sharon Gavigan and Kerry Noble attended Anna Ephgrave training. - Unit - Dawn Thomas-Kneale completed Food Allergy Awareness training and Jackie Kitts completed Woodworking in the EYFS training. - Unit Staff have attended the various The Curiosity Approach training sessions. - Both Hall and Unit staff completed epi-pen training. ## **Treasurer Report:** A full summary of the Pre-Schools financial situation can be seen on the audit of our accounts. These have been prepared for us by Watson Associates. Fundraising activities historically have been a major source of income for the Pre-School. We attempt to try and carry out at least one fundraising event per half term. We do thank all of you for your continued support with this. During this school year we successfully increased our fundraising activities from the previous year. Figure overall was £883.91 in total. ## **Admissions:** The Hall and Unit finished the 2023/24 school year with available sessions filled. For the Unit, sessions were already filled for the 2024/2025 school year from existing children at the Memorial Hall and new names from the waiting lists. For the Hall admissions were taken on an individual visit basis throughout the year.. The number of enquiries have continued to increase throughout the year for the next few school years up to and including 2027/2028. ## **Election of the New Committee:** All current committee members must formally stand down. The pre-school committee must have a minimum of 5 members and a maximum of 12 members with a further 3 co-opted members if required. Three of the members are officer posts which are Chair, Treasurer and Secretary. Nominations of members which are now formally elected are: |**Position**|**Nominee**| |---|---| |Chair
|**Gaye Nethercot**| |Treasurer
|**Kelly McQuillan**| |Secretary
|**Amie Reddin**| |Member
|**Tristan Lindsay**| |Member
|**Jodie Saunders**
| |Member
|**Tamara Lindsay**| |Member
|**Gemma Kingdon**| Sharon Britton & Sharon Gavigan, our Supervisor at each setting sit on the Committee in an advisory capacity. ## **Any Other Business:** Does anyone have any other business to bring up? No-one else had any other business. Meeting Closed at 9.45am **Date of next AGM** : TBC - Before end of June 2026 REGISTERED CHARITY NUMBER: 1030338 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR STONE CROSS INDEPENDENT PRE-SCHOOL Watson Associates 30- 34 North Street Hailsham East Sussex BN27 1DW STONE CROSS INDEPENDENT PRE-SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance She8t Notes to the Financial Ststements Detailed Statement of Financial Activities 10 to 11 STONE CROSS INDEPENDENT PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report with the financial statements of the charty 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). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1030338 Principal address Memorial Hall Dittons Road Pevensey East Sussex BN24 SET Trustees Ms G Nethercot K McQuillan A Beard H Edwards L Miller V Crysell (resigned 17.2.24) T Lindsay Independent Examiner Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 09 May 2025 Approved by order of the board of trustees on . and signed on its behalf by.. Trustee Page 1 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE CROSS INDEPENDENT PRE-SCHOOL Independent examiner's report to the trustees of Stone Cross Independent Pre￿ChoOl I report to the charity trustees on my examination of the accounts of Stone Cross Independent Pr&School (the Trust) for the year ended 31 August 2024. Responsibilities and basis of report As the charty trustees of the Trust you are responsible for the preparation of the accounts in accordance wth 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 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.. accounting records Y￿re 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 wth the applicable requirements concerning the fom 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 connects'on 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. Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 09 May 2025 Date.. Page 2 STONE CROSS INDEPENDENT PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 226.090 184.275 Other trading activities Investment income 884 889 1,815 486 Total 227,863 186,576 EXPENDITURE ON Raising funds 836 Charitable activities Charitable Activities MISC 2,407 204,603 170,277 Other 16,930 16,727 Total 223,940 187,840 NET INCOMEI(EXPENDITURE) 3.923 {1,264) RECONCILIATION OF FUNDS Total funds brought fomard 48,801 50,065 TOTAL FUNDS CARRIED FORWARD 52,724 48,801 The notes form part of these financial statements Page 3 STONE CROSS INDEPENDENT PRE-SCHOOL BALANCE SHEET 31 AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 412 550 CURRENT ASSETS Stocks Debtors Cash at bank 1,495 1.758 54,457 930 1,103 48,648 10 57,710 50,681 CREDITORS Amounts falling due within one year (5.398) {2,430) NET CURRENT ASSETS 52.312 48,251 TOTAL ASSETS LESS CURRENT LIABILITIES 52,724 48,801 NET ASSETS 52,724 48,801 FUNDS Unrestricted funds 12 52.724 48.801 TOTAL FUNDS 52,724 48,801 The financial ststements were approved by the Board of Trustees and authorised for issue on 09'May2025'"'"""'"'""'"'""""' and were signed on its behalf by.. r&0 Trustee The notes form part of these financial statements Page 4 STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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 wth 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 wll 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 accnJals 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 wth the use of resources. Tangible fixed assets Depreciation is provided at the followng annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value. afler making due allowance for obsolete and slow moving items. 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 wthin 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 benefrts The charty 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. Page 5 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 884 1,815 INVESTMENT INCOME 2024 2023 Deposit account interest 889 486 RAISING FUNDS Raising donations and legacies 2024 2023 Support costs 836 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefrts for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 14 2023 14 Total employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 184,275 other trading activities Investment income 1,815 486 Total 186,576 EXPENDITURE ON Raising funds 836 Charitable activities Charitable Activities 170,277 Other 16,727 Page 6 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted fund Total 187,840 NET INCOMEI(EXPENDITURE) {1,264) RECONCILIATION OF FUNDS Totsl funds brought forward 50,065 TOTAL FUNDS CARRIED FORWARD 48,801 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 September 2023 and 31 August 2024 4,508 DEPRECIATION At 1 September 2023 Charge for year 3,958 138 At 31 August 2024 4.096 NET BOOK VALUE At 31 August 2024 412 At 31 August 2023 550 STOCKS 2024 2023 Stocks 1,495 930 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 977 781 447 656 1,758 1,103 Page 7 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 1,346 1,675 2.377 422 890 1.118 5,398 2,430 12. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund 48,801 3,923 52,724 TOTAL FUNDS 48,801 3,923 52,724 Net movement in funds, included in the above are as follovts= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 227,863 (223,940) 3,923 TOTAL FUNDS 227,863 (223,940) 3,923 Comparatives for movement in funds Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds General fund 50,065 (1,264) 48,801 TOTAL FUNDS 50,065 (1,264) 48,801 Comparative net movement in funds, induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 186,576 (187,840) (1,264) TOTAL FUNDS 186,576 (187,840) (1,264) Page 8 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds At 31.8.24 At 1.9.22 Unrestricted funds General fund 50,065 2,659 52,724 TOTAL FUNDS 50.065 2,659 52,724 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 414,439 (411,780) 2,659 TOTAL FUNDS 414,439 (411.780) 2,659 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Page 9 STONE CROSS INDEPENDENT PRE-SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Grants Fees 192,844 33,246 153,328 30,947 226,090 184,275 Other trading activities Fundraising events 884 1,815 Investment income Deposit account interest 889 486 Total incoming resources 227,863 186,576 EXPENDITURE Charitable activities Wages Social security Pensions Hire of plant and machinery Rent Repairs and Renewals Insurance Equipment Uniforms Staff Training Cleaning Depreciation of tangible fixed assets 167,588 1,805 1,706 528 19.086 7,650 2,367 1,356 2,054 502 847 138 131.934 5,844 1,455 528 17,777 6,408 1,763 1,456 799 621 1,509 183 205,627 170,277 Other Telephone Advertising Sundries Bookkeeping 1,118 45 503 15,264 1,207 153 391 14,976 16,930 16,727 Support costs Management Rates and water 915 Govemance costs Accountancy Legal fees 468 486 350 468 836 This page does not form part of the sL*utory financial statements Page 10 STONE CROSS INDEPENDENT PRE-SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Total resources expended 223,940 187,840 Net incomel(expenditure) 3,923 (1,264) This page does not form part of the sL*utory financial statements Page11 REGISTERED CHARITY NUMBER: 1030338 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR STONE CROSS INDEPENDENT PRE-SCHOOL Watson Associates 30- 34 North Street Hailsham East Sussex BN27 1DW STONE CROSS INDEPENDENT PRE-SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance She8t Notes to the Financial Ststements Detailed Statement of Financial Activities 10 to 11 STONE CROSS INDEPENDENT PRE-SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report with the financial statements of the charty 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). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1030338 Principal address Memorial Hall Dittons Road Pevensey East Sussex BN24 SET Trustees Ms G Nethercot K McQuillan A Beard H Edwards L Miller V Crysell (resigned 17.2.24) T Lindsay Independent Examiner Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 09 May 2025 Approved by order of the board of trustees on . and signed on its behalf by.. Trustee Page 1 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE CROSS INDEPENDENT PRE-SCHOOL Independent examiner's report to the trustees of Stone Cross Independent Pre￿ChoOl I report to the charity trustees on my examination of the accounts of Stone Cross Independent Pr&School (the Trust) for the year ended 31 August 2024. Responsibilities and basis of report As the charty trustees of the Trust you are responsible for the preparation of the accounts in accordance wth 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 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.. accounting records Y￿re 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 wth the applicable requirements concerning the fom 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 connects'on 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. Watsons Associates Watson Associates 30 - 34 North Street Hailsham East Sussex BN27 1DW 09 May 2025 Date.. Page 2 STONE CROSS INDEPENDENT PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 226.090 184.275 Other trading activities Investment income 884 889 1,815 486 Total 227,863 186,576 EXPENDITURE ON Raising funds 836 Charitable activities Charitable Activities MISC 2,407 204,603 170,277 Other 16,930 16,727 Total 223,940 187,840 NET INCOMEI(EXPENDITURE) 3.923 {1,264) RECONCILIATION OF FUNDS Total funds brought fomard 48,801 50,065 TOTAL FUNDS CARRIED FORWARD 52,724 48,801 The notes form part of these financial statements Page 3 STONE CROSS INDEPENDENT PRE-SCHOOL BALANCE SHEET 31 AUGUST 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 412 550 CURRENT ASSETS Stocks Debtors Cash at bank 1,495 1.758 54,457 930 1,103 48,648 10 57,710 50,681 CREDITORS Amounts falling due within one year (5.398) {2,430) NET CURRENT ASSETS 52.312 48,251 TOTAL ASSETS LESS CURRENT LIABILITIES 52,724 48,801 NET ASSETS 52,724 48,801 FUNDS Unrestricted funds 12 52.724 48.801 TOTAL FUNDS 52,724 48,801 The financial ststements were approved by the Board of Trustees and authorised for issue on 09'May2025'"'"""'"'""'"'""""' and were signed on its behalf by.. r&0 Trustee The notes form part of these financial statements Page 4 STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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 wth 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 wll 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 accnJals 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 wth the use of resources. Tangible fixed assets Depreciation is provided at the followng annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25% on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value. afler making due allowance for obsolete and slow moving items. 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 wthin 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 benefrts The charty 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. Page 5 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 884 1,815 INVESTMENT INCOME 2024 2023 Deposit account interest 889 486 RAISING FUNDS Raising donations and legacies 2024 2023 Support costs 836 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefrts for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 14 2023 14 Total employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 184,275 other trading activities Investment income 1,815 486 Total 186,576 EXPENDITURE ON Raising funds 836 Charitable activities Charitable Activities 170,277 Other 16,727 Page 6 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted fund Total 187,840 NET INCOMEI(EXPENDITURE) {1,264) RECONCILIATION OF FUNDS Totsl funds brought forward 50,065 TOTAL FUNDS CARRIED FORWARD 48,801 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 September 2023 and 31 August 2024 4,508 DEPRECIATION At 1 September 2023 Charge for year 3,958 138 At 31 August 2024 4.096 NET BOOK VALUE At 31 August 2024 412 At 31 August 2023 550 STOCKS 2024 2023 Stocks 1,495 930 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 977 781 447 656 1,758 1,103 Page 7 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 1,346 1,675 2.377 422 890 1.118 5,398 2,430 12. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund 48,801 3,923 52,724 TOTAL FUNDS 48,801 3,923 52,724 Net movement in funds, included in the above are as follovts= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 227,863 (223,940) 3,923 TOTAL FUNDS 227,863 (223,940) 3,923 Comparatives for movement in funds Net movement in funds At 31.8.23 At 1.9.22 Unrestricted funds General fund 50,065 (1,264) 48,801 TOTAL FUNDS 50,065 (1,264) 48,801 Comparative net movement in funds, induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 186,576 (187,840) (1,264) TOTAL FUNDS 186,576 (187,840) (1,264) Page 8 ontinued... STONE CROSS INDEPENDENT PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds At 31.8.24 At 1.9.22 Unrestricted funds General fund 50,065 2,659 52,724 TOTAL FUNDS 50.065 2,659 52,724 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 414,439 (411,780) 2,659 TOTAL FUNDS 414,439 (411.780) 2,659 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Page 9 STONE CROSS INDEPENDENT PRE-SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Grants Fees 192,844 33,246 153,328 30,947 226,090 184,275 Other trading activities Fundraising events 884 1,815 Investment income Deposit account interest 889 486 Total incoming resources 227,863 186,576 EXPENDITURE Charitable activities Wages Social security Pensions Hire of plant and machinery Rent Repairs and Renewals Insurance Equipment Uniforms Staff Training Cleaning Depreciation of tangible fixed assets 167,588 1,805 1,706 528 19.086 7,650 2,367 1,356 2,054 502 847 138 131.934 5,844 1,455 528 17,777 6,408 1,763 1,456 799 621 1,509 183 205,627 170,277 Other Telephone Advertising Sundries Bookkeeping 1,118 45 503 15,264 1,207 153 391 14,976 16,930 16,727 Support costs Management Rates and water 915 Govemance costs Accountancy Legal fees 468 486 350 468 836 This page does not form part of the sL*utory financial statements Page 10 STONE CROSS INDEPENDENT PRE-SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Total resources expended 223,940 187,840 Net incomel(expenditure) 3,923 (1,264) This page does not form part of the sL*utory financial statements Page11