WINDMILL PRSCHOOL Clwity Comrnission no. 1032380 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1st MARCH 2024
WINDMILL PRE-SCHOOL Charity Commfission nfA 1032380 CONTENTS Page 1 Trustees and advisors TThstees' report Income and expenditure account Assets. liabilities and funds report Notes on the financial statements Independent Examiner's report
WINDMILL PRE-SCHOOL (Charity Commission no. 1032380) CHARITY INFORMATION PERIOD ENDED 31$t MARCH 2024 Trustees In the y¥4r, including those iyho held Office: Sophie Cato (appointed July 2021) Leanne O'cauaghan (appointed I S¢pt¢mber 2022) Rachelle Mesley (appointed I September 2023) Hantuh Miles {8 Nov¢mbcr 2023) Juliu Vinkokurova (I September 2023) Treasurer: Leanne O'ctllagban (appointed I sleMber 2022) Contact •ddrt55: Pre-school Buildin8 Brookniead School Site High Street Ivinghoe LU79EX Independent Examlner: Spicer & Co UK Limited Siaple House 5 Eleanor's Cross Dun3table Bedfordshire LU6 ISU Prlnclpal bankers: Santsnder UK pl BBAM Bridle Road Bootle Merseyside L30 4GB Page I
WINDMILL PRE-SCHOOL {Charity Commission no. 1032380) TRUSTEES, REPORT The truste¢5 Set out the flnanclal statements forthe year ended 31st March 2024. The Pre-school Is governed by a Constltutlon that was adopted In November 2014. The overall management and control otthe Pr&- School rests with the indlvldual members olthe Prtrschool's Management Commlttee. Members are eletted or re-elected at the Annual General Meettng In May each year. The trustees have ¢omplled wlth thelr duty to have glven due regard to the tharlty Commlsslon's general guldance on publlc benefit when revlewin8 the charity's alms and oblectlves and in planntng its fLrture activities. The alms of the Pre-sehool are to enhance the development and educatk>n of children under statutory School age. In th55 period, durlngthe 38 week5 of School term time, the Pre-school has pmvided moming and aftèrnoon sessions Èvery week day, and all of the sessFons are well attended. The Pr&5chool provtdes places lor chlldren from tv years old up to five years oEd, and offers approprlate play* fyducatlpn and ure facilities. In parkncular, the Pre-Schi>ol instigates, adhe5 to and furthers the alms and objects of the Pre-school Learnlng Alllance. In èdditlon to provldlng places for funded children from when they are threeyears old, the Pre-5¢hool Is able to tske funded twovyear old'5. The Pre-school had a bLtrSY year.. In addmon to the norn1 dat0-daY athvities of the Prtrschool, thè children havé pu15clpated in numerous speclal o¢oslons and acttvlttes, In¢ludln8 Sports Day and a NatIty Plav. The Pre-school's primary source of Income is fvndlng from BucklnghJm5hlre County Councll, but fundraislng15 also very importanL In late 2017 the government introduced 30 hours free chIldre, whlch the Management Commlttee supports, and the Pre-school provldes. However, It creates a 'fvndin8 gap, slnce the hourlyfees paSd by government do not reflect well our corresponding expeTKllture. whlch Is prlmartly staff costs. Thls year the Pre-school wtcessfulty ratsed funds through vOlUnteerrganI$ed events and in1t1veS. but we expect the free childcare fvnding gap to contlnue to lrnpact our reserves over tlme. At31 March 2024, the Pre-school hold5 cash at the bank and in hand of £220,853.20 all of which is unrestrlcted frjnds. These funds are held In order to meet the ongoing expendlture of the Pre-school. as well as to cover the c05t of unexpected everrts. The trustees who held office during the yearwere a5 listed on page l of thrs report. 2 o'coll L. on beh&lf ofth• tru e5 Leanne O'callaghan Paoe 2
WINDMILL PRE-SCHOOL (Charlty Commission no. 1032380) INCOME AND EXPENDITURE ACCOUNT YEAR EIYDED 31st MARCH 2024 Y¢Br lo 31 ItM8r¢h 2024 Year to 3 Iltmawh 2023 Income Nursery Grant F¢¢s Fundrnislng Uniforni Sundry Bank interest received Otlw Grants 189,868.72 89.588.41 10.844.99 1.079.25 639.31 1.999.33 178,663.74 69.003.71 13,754.10 861.50 384.66 210.00 2,080.00 Income and bank interest 295.534.38 264.957.71 Eipendithre 180,692.75 12,141.67 3,545.14 4,912.01 11,474.27 1,224.20 7.836.51 3,459.64 20.514.90 6.383.35 42l,32 376.09 5.507.62 2,349.34 1.566.00 152240.19 10,693.56 2.844.33 1971.76 14.501.39 3,073.21 4,405.98 3,096.91 Rent and business rnt¢s rr Softwar¢ and consumables Equipment CoJ)sumabl¢s and re$our¢es Uniform Social Ev¢nts Staff Courses alld DBS Grant Spend Li¢enses and sub5criptioJs FundraisiD8 costs Advertising Cleaning Sundry Proftssional Servlces Ballk Charges 5.927.66 3,233.00 144.49 6,OC4.55 852.90 133.76 Totsl Ezpelldtture 262,404.81 212.958.73 Smrpllls for the fiuanr141 year 31.209.34 51.998.98 Rttsined funds brouzht ffjrTrY#rd 189.643.86 137,644.88 Rttaln¢d funds carrled forward (tn¢ludos amount in Deposit Account) 220.853.20 189,643.86 All trust fidS are unrestricted funds. There were no other recogt)i8¢d gains or loss¢s durAn8 the financial year and no separate stst¢ment of total r¢cognised 8ains OT Ioss¢5 has therefore bee presented. 8e3
WINDMILL PSCHOOL (Charity Commisslon no. 1032380) ASSETS, LIABILITIES & FUNDS REPORT 31$1March 2024 31W Mar¢h 2023 Current assets Bank and ¢ash 220.853.20 l89.643.86 Net current assets 220,853.20 189,643.86 Net •S5ets 220.853.20 189.643.86 Unrestrleted fuNds Balanc¢ brou8ht forw4rd Surplus for tbe ycar 189.643.86 31209.34 137,644.88 51.998.98 220.853.20 189,643.86 The fitkanci418t&tement was approved by the trustees on IO, July 2024 and were signed on its behalf by: L O'calia Vinokwrova rustee YVTh-oLIW hge4
WINDMILL PRSCHOOL (Charity Commission no. 1032380) YEAR ENDED 31st MARCH 2024 NOTES ON THE FINANCIAL STATEMENTS Accounting policies The following accounting policy has b¢en used consistently in dealing with items which are consider¢d tla1 in relation to the tNsV5 fin&ial statemgnt5: Basls of accountlng The financial statements hAve been prepared on a receipts and payments basis. Grants income and expendltuye The Pre•School receives grnnts in the year to sp¢nd QD projects relat lo specific benefi18 for the Pre- SchooL its children andstaff. There were mateiial grdnts received in the year apart from th¢ UnCIl Ojnding for the we-sthool. Trustees remuneration The following tnteeS received ¢xpeTh8es reimbursements duriThB the year. R Me51ey £66.50 Pa8e5
WINDMILL PRE-SCHOOL (Charlty Commlsslon no. 1032380) YEAR ENDED 31st MARCH 2024 INJ)EPENDENT EXAMINERS REPORT Rert to the tnteeS ofwindmtll Pr¢4chool (Charity Cojnmission no. 1032380) on the A¢¢ounts forthe yeAr¢nded 31st March 2024 set out on pag¢s 3 to 5. The charlS tTUStees are r&qponsible forthe preparntion of Ihe account5. The charits trnsteey eonsiderthatats audit is not required for this year under section 144 of the Ch8rities A¢t 2011 (the Chgrities Act) and that an independent ¢xaminatiots is needed. It is my responsibility tr): examine the a¢¢ounts under section 145 of the Charities Act to follow the proceduKs laid down in the genernl Dirertiotss given by the Ch•rity Commission (under $tioN 145(5)(b) of the Charities A¢L and to 8tsts whether particular matt¢rs have corne to rny attentio My examination was Canied out in accord2n¢¢ with g¢neral dire¢tion8 giv¢n by the Ch8rity ColDmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those r¢wrds. It 9150 iticludes consideration of any UDusuuI items or disclosures in th¢ a¢¢ounts. #nd seeking explanations from the trustees nCerning such matters. The pr(vreS undertaken do not Provide all the evidence that would be rcquired in an audi( and consequently no opinion is given as to whether the accounts psent a'true and faiv view and the ryort is limited to thos¢ matters set out in th¢ ststement ixlow. ]n connection with my examitilltion. no matter has come to my attention: (l) which gives me re&8onable cau5¢ to beli¢v¢ that in any material TespecL the requirements: to keep 8¢¢ounti118 re¢ords in accordance with section 130 of the Ch8ri1ies Acl and to prepare accouDt$ whicb accord with the a¢countin8 records and comply with theaccounting requirements of the Charities Act baye not been met: or (2) to WbIc ill my Opinio att¢ntion sboujd be drawn in order to ¢n8bl¢ a proper uAderstartding of the accounts to be ruclwl. Date.. 10 July 2024 Suzanne Spicer FCA Spicer & Co UK Limited Staple House S Eleanor's Cross Dunstable Bedfordshir¢ LU6 ISU P•ge 6