ROCKINGHAM PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Charity Registration Number: 1030763 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL ROCKINGHAM PRE-SCHOOL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31sf MARCH 2024 CONTENTS: Page Administrative information Management Committee Report of the Independent Exarniner Statement of Financial Activities Balanr2 Sheet s tr) Ststenwts t￿*d Income and Expenditure ROCKINGHAM PRE-SCHOOL ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024 REGISTRATION DETAILS Rockingham Pre-school is registered with the Charity Commission in England and Wales. Registration number.. 1030763 GOVERNING DOCUMENT Rockingham Pre-school is a registered charity Governed by its own constitution and charities Act1993 as amended by Charity Act 2006 and 2011 respectively, COMMITTEE MEMBERS Mr. Amid Kanu... Mrs Amina Rasheed Ms Anna Theresa Bailey.. Mrs Nylan khan. Ms Chidima Orji. .Chairman .Secretary .Treasurer . Vice Treasurer , Member REGISTERED OFFICE Rockingharn Pre-school Jubille8 Hall Rockingham Street Elephant & Castle London SE16QN BANKERS HSBC 28 Borough High Street Southwark London SE16TE INDEPENDENT EXAMINER London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL ROCKINGHAM PRE-SCHOOL MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The Management Committee present its Report and the Financial Slalements for the Year ended 31st March 2024 OBJECTS The organisalion's objects shall be.. The advancement of education through improvement of the level of language competence of children within early years provision and those entering statutory education. STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES The Management Comrniltee is required to prepare financial slatements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period, In preparing those slalemenls the Management Committee are required to; select suitable accounting pjliues and apply them consistently,. make judgments and estimates that are reasonable and prudent., slate whether applicable standards and statement of recommended practice have been followed, subject lo any material departures disclosed and explained in the financial stalemenls, and prepare the financial slalements on the going concern basis unless it is Inappropriate to presume that the project will continue in operation. The management committees are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the project. They are also responsible for the safeguarding the assets of the project and hence taking reasonable steps to prevent and delect fraud and other irregularities. Sign,,,,. .Secretary INDEPENDENT EXAMINER'S REPORT TO ROCKINGHAM PRE-SCHOOL FOR THE YEAR ENDED 31ST MARCH 2024 I report to the trustees on my examination of the accounts of the above charity I'the Trust I for the year ended 3110312024, Responslbllltle5 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 oul under section 145of the2011Actand in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145151(b) of the Act. Independent examlner's Statement I have completed my examination. I confirm that no material matters have come to rny attention (other than Ihat disclosed below) in connection with th8 examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section13Q of the Act or the accounis do noi accord with the accounting records.. or the accounls dKI noi comply with applicable requirenEnts concerning the fomi and contenl of the r￿nts set out n the Chant￿S (Accounts and Reports) Regulations 2008 other than any requirement thai ts xcount gNe a 'true or fair. which is not a matter considered as part of the independent examinatsCMI. I have no concerns and have corne 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 ..[ tr Ade Adebam GS, ACMA, CGMA For London Accounlancy Practice 161 Sumner Road London SE15 6JL ROCKINGHAM PRESCHOOL STATEMENT OF FINANCIAL ACMVITIES FOR THE YEAR ENDED 31STMARCH 2024 INCOMING RESOURCES Unrestricted Restrlctsd Fund Fund Total 2024 Total 2023 Incomlng resources from generatod lund3: Grants, donations and legacies Interest Total Incoming Resource3 71,941 21 71,962 0 71,941 21 0 71,962 62,996 52,992 Cost of generatlng fvnds Charitable activities 60,013 0 60,013 71,486 Total Resources Expended 60,013 0 60,013 71.486 11,949 0 11.949 -18,491 Bakw br(MJy* fothrd -7,172 885 fj,307 12,184 Fund Balance3 Carrled ft>rward 4,777 865 5,642 -6,307 ROCKINGHAM PRE-SCHOOL BALANCE SHEET AS AT 31ST MARCH 2024 Note 2024 2023 Current As58ts Cash al Bank Cash at Hand 6,242 1,999 -965 6,242 1,034 Current Llabllltl88 Ciediiors & Accruals 600 7,341 Net Currant Assets 5,642 -6,307 Funds: Resmaed FUNI 865 7.172 ,307 4777 6,642 l•te aThJ signed on rts behalf . ￿￿￿.... Chairperson Treasurer ..2024 ROCKINGHAM PRE.SCHOOL NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 1. ACCOUNTING POLICIES Basls of preparation of Financial Statements The financial statements are prepared under the historic cost convention and include the results of the charity's operations which are described in the Management Committee's Report and all of which are continuing, The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts, The charity has taken advantage of the exemption of Financial Reporting Standard No1 from the requirements lo produce a cash flow statement on the grounds that it qualifies as a small charity Incoming Resources 1.1.1 Je cJedrted 10 the Statement of Financial Activities on the eadier date of when fvy ae recwved or when Ihey are re￿1Vable, unless they relate to a specific future period, in Kh case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2,2 Grants received for specific purpose5 are accounted for as reslricted funds in the Statement of Financial Activities, Restricted Funds Restricted funds are to be used for specific purposes as laid down by the donor. Expenditu which meets these criteria is identified to the fund, togeth8r with a fair allocation of management and support costs, Unrestricted Funds Unrestricted funds are donations and other incomes received or generated for the objects of the organization without further specified purpose and are available for general funds. Designated Funds Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. ROCKINGHAM PRE-SCHOOL NOTES TO THE ACCOUNTS (Contd) FOR THE YEAR ENDED 31ST MARCH 2024 1.6 Resources Expended All expenditure is accounted for gross and when incurred, Direct charitable expenditure includes The direct costs of the activities and depreciation on related assets. The activities and depreciation on related assets, Management and administration comprise those costs relating to the charity's central manage and administration as opposed lo its charitable aciivilies. 1.7 Cawtsl EquiFyn•nt . Depreciation cost of equipmenvfumiture is written off in the year in which it is incurred, FIXED ASSETS A register of equipmentlfurniture is kept by the organisation. CREDITORS 2024 2023 Accountancy Fees Other Creditors 600 900 600 ROCKINGHAM PRESCHOOL DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH 2024 INCOME RESOURCE3 Unre3trlcted Restrlcted Fund Fund Totsl 2024 Totsl 2023 Southwark Council SLC LOANS DH WFRU Interest Totsl Income Resources 30.954 40,987 0 30,954 0 40,987 24,530 28,460 21 71,962 21 0 71,962 52,996 RESOURCES EXPENDED Unr•Jtrlcted R•strlcted Fund Fund Total 2024 Total 2023 Charltabl• Exp•ndltur• Saknes HMRC 39,150 0 39,150 41,021 1,108 1,696 16,119 2.531 2,006 303 204 1,790 12,324 1,790 12,324 Sesgcrfpl workers Refurbishment Nursery Buildir¥J Groceries Cleanerslcleaniro Materials Training Sky Oigital I Iniemet Insuiance Car ExpenselFuel StationerylPostage Educational Equipment for Children Telephone Website XmaslEnd of Term Parties DBS 1,237 190 50 283 752 1.000 148 1,188 1,237 190 50 283 752 1,000 148 1,188 702 483 471 1,547 1.073 359 391 74 goo 133 127 240 71,486 259 350 259 350 66 600 556 71 Accourrtancy Fees Payroll Semces Bank Charges Miscellaneous TOTAL RESOURCES EXPENDED 600 556 71 60,013 0 60,013 Balance sheet of.......................... haT .Pre-school for the year ended 31st March 20214 Bank balan￿ blf 1st Aprll 20£3 (main account) (h) Salarles: Senlor Worker Reserve account balance b/f 1st Aprll 20& (h) Assistant Cash In hand 1st Aprll 20 SEN Worker 12321+ Cover staff FEEE Fundln8 for 3 & 4 year olds Cleaner Other salarles F HMRC (payroll taxes OFSTED Fee5 Fundln8 for 2 year olds ald) Fee$ collectsd 1¥0, 9%7 fQLI 9