Charity number: 1032436 MOULTON PRESCHOOL UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
MOULTON PRESCHOOL CONTENTS REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS............ TRUSTEES, REPORT..........,.........................................................................,......................................................... INDEPENDENT EXAMINER'S REPORT...................,..........................................................................................,... STATEMENT OF FINANCIAL ACTIVITIES.................................................................................................,............ BALANCE SHEET........................,................................... .............................,.,........................,.............................10 NOTES TO THE FINANCIAL STATEMENTS .....................................................................,..........................,,......11
MOULTON PRESCHOOL REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifi, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024 Trustees Chair Sarah Reynolds Appointment Date 25 September 2024 Treasurer Sarah Knox-Brown Appointment Date 25 September 2024 Secretary Amy Taylor (previously Newman) from 25 September 2024 Appointment Date September 2021 Committee members Rachel Johnstone Katherine Daviss Amy Vickery Claire Jones Appointment Date 5 September 2023 Appointment Date 5 September 2023 Appointment Date 5 September 2023 Appointment Date 25 September 2024 Charity registered number 1032436 Prlnclpal offlce Moulton Village Hall Bridge Street Moulton Suffolk CB8 8SP NurJery Manager Susan Wakes-miller Bankers Barclays Bank Page 3
MOULTON PRESCHOOL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 The Trustees present their annual report together with the financial statements of the Charity, Moulton Pre School for the year ended 31 May 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice {SORP}, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition of the Charities SORP October 2019, effective 1 January 2019). OBJECTIVES AND ACTIVITIES To provide a child-friendly environment that is safe, secure, caring, and stimulating. To enhance the development and education of children through play, encouraging self-confidence, self-esteem, and a strong sense of individuality. To promote children's social, intellectual, and physical development through play and structured activities, ensuring a smooth transition from preschool to school. To regularly observe and plan for each child's progress, tailoring activities to support their individual needs. To honour parents, trust by providing high-quality care and nurturing their child in a supportive and enriching environment. To work within the guidelines of the Eady Years Foundation Stage, following the requirements of regulatory bodies to ensure the highest standards of early education. To build strong partnerships with parents and carers. offering flexibility to meet individual needs and fostering a collaborative approach to a child's leaming journey. To create a welcoming atmosphere where both children and adults feel happy, valued. and comfortable. . To strengthen the connection betsveen home and school, encouraging leaming through play both in the preschool setting and at home. helping children develop a love for exploration and discovery. Activities Moulton Pre-school provides an affordable and accessible high-quality pre-school for children aged to five in a safe and supportive environment, encouraging the development of each Child so that they may become secure and confident outside their home environment. Public Benefit The trustees have considered the public benefit provided by Moulton Preschool, having regard to the Charity Commission's guidance on public benefit. ACHIEVEMENTS AND PERFORMANCE The Nursery is an inclusive setting, providing care and education for children of varying abilities and backgrounds under the supervision of the SENCO and Nursery Manager. Sessions run on Mondays, Wednesdays, and Fridays from 9..15 AM to 2..15 PM, with a maximum capacity of 26 children per session. Throughout the year under review, the Charity continued its core acts'vities, offering high-quality care and education for children aged 2.5 to 5 years at the village hall in Moulton. In the summer term, the Preschool hosted a sports day featuring a hobby horse race, which was a highlight for the children. The event was followed by a picnic in the park, where parents, carers, and grandparents were all Page4
MOULTON PRESCHOOL welcomed to join in the fun. It was a fantastic day enjoyed by everyone. Various fundraising events took place throughout the year, supporting the purchase of new equipment and funding wellbeing activities such as weekly children's yoga and music sessions. Additionally, the Preschool benefited from the village committee's support, which provided a dedicated outdoor play area. A children's playhouse was also generously donated. further enhancing the learning and play environment for the children. Page 5
MOULTON PRESCHOOL TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Princi al Fundin sources The principal funding sources are Free Early Educational Entitlement funding from Suffolk County Council who are available to fund the first fifteen hours of pre-school education beginning in the term following a child's third birthday and fees charged for children for hours attended in excess of those covered by entitlement funding and for children who are younger than the age range covered by grant funding. Financial Review and Reserves Poli The Charity reported a net surplus in the year of £155 (2023.. £5,955). Income reported was £65,978 (2023.. £67,170) Total expenditure was £65,823 (2023.. £61,215). At the year end total funds were £36,454 {2023: £36,299) of which restricted funds were £8,049 {2023'. £8,049) as described in note 11 to the financial statements. The balance of reserves of £28,405 {2023: £28,250) is available to support the general purpose of the charity without restriction. The trustees are of the opinion that the Charity's minimum reserves should be sufficient to cover at least three months, salaries and running costs which would equate to approximately £16,456 per annum. The Charity's free reserves at the year end were £27,720 (2023.. £26,052). STRUCTURE, GOVERNANCE AND MANAGEMENT Le al status and Trustees The charity is an unincorporated entity. registered with the Charity Commission on 1 February 1994 and is governed according to its constitution adopted 15 November 1993 as amended 24 September 2009. The Pre-school is registered as an Early Years Provider with Otsted to accommodate children from the ages of 2.5- 5years. Current Trustees are listed on the Reference and Administration page. The Trustees who served during the year were as follows.. Name Charlotte Hum hre Emily Williamson Position Chair Chair (16 September 2023 onwards) Trustee Se tember 2021-16 Se Vice Chair Treasurer - Treasurer Secretsry Secretary Trustee Trustee Trustee Trustee Trustee Trustee ointment Date 18 Janua 2023 September 2021 Resi nation Date 16 October 2023 25 September 2024 tember 2023 Alexander Bowers Gemma Baratte James Melville-claxton Megan Runciman, Emily Short Emily Burbridge- Lucie Taylor Annie Burch Au usta Hardin Rachel Johnstone Amy Taylor Previousl Newman Am Vicke Katherine Daviss 5 August 2023 September 2021 S September 2023 21 September 2022 5 September 2023 21 September 2022 21 September 2022 Se tember 2020 5Se tember 2023 5Se tember 2023 September 2021 25 September 2024 16 October 2023 25 September 2024 5 September 2023 25 September 2024 16 Qctober 2023 16 October 2023 25Se tember 2024 25Se tember 2024 NIA NIA (now secreta NIA NIA Trustee Trustee 5Se 5Se tember 2023 tember 2023 Page 6
MOULTON PRESCHOOL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Trustees are elected by a simple vote at the Annual General Meeting or, subsequently, by a majority vote of Trustees in office at the time. The Management Committee endeavor to recruit Trustees who will provide valuable and practical skills to the charity. RISK MANAGEMENT The Charity continues to take full responsibility for the well-being of the young children in its care. Special procedures remain in place to ensure appropriate supervision at all times. We carry out regular risk assessments and maintain insurance coverage, which is reviewed annually to ensure ongoing protection and compliance. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees a required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles ofthe Charities SORP {FRS 102)., makejudgments and accounting estimates that are reasonable and pwdent.. state whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Sarah Re {Chair) Date. ao13}as Page 7
MOULTON PRESCHOOL INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENOED 31 MAY 2024 Independent Examinerfs Report to the Trustees of Moulton Preschool ('the Charity.) I report to the charity Trustees on my examinatj'on of the accounts of the Charity for the year ended 31 May 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the 2011 Acr). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 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 2011 Act. Independent Examinerfs Statemènt Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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} in preference to the Accounting and Reporting by Charities.. Ststement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that In any material respecL' accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records" or 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 fairf view which is not a matter considered as part of an independent examination. I have no concems 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 ofthe Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullést extent pennitted by law. I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. for my work or for this report. Name.. Caroline Poulton FCCA TIA NKT Accountants NKT Accountants ariered Certified Accountanis 11 Kings Court Newmarket Suffolk CB8 7SG Address.. 11 Kings Court, V4Thllie Snaith Road, Newmarket. Suffolk, CB8 7SG Page 8
MOULTON PRESCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024 Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note INCOME FROM: Donations Charitable activities Fundraising income Bank interest 1,400 59,536 4,829 213 1,400 59,536 4,829 213 8,450 58,049 633 38 TOTAL INCOME 65.978 65,978 67,170 EXPENDITURE ON: Charitable activities 65.823 65,823 61,215 TOTAL EXPENDITURE 65,823 65,823 61,215 NET INCOMEI(EXPENDITURE) 155 155 5,955 NET MOVEMENT IN FUNDS 155 155 5,955 RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 11 11 8,049 28,250 155 36,299 155 30,344 5,955 TOTAL FUNDS CARRIED FORWARD 8,049 28,405 36,454 36,299 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 20 fonn part of these financial statements. Page 9
MOULTON PRESCHOOL BALANCE SHEET AS AT 31 MAY 2024 2024 2023 Nots FIXED ASSETS Tangible assets 685 2,198 685 2,198 CURRENT ASSETS Debtors Cash at bank and in hand 2,072 42.128 1,750 39,104 44,200 40,854 Creditors.. amounts falling duewithin one year 10 (8.431) {6,753) NET CURRENT ASSETS TOTALASSETS LESS CURRENT LIABILITIES 35.769 34,101 36.454 36,299 TOTAL NET ASSETS 36,454 36,299 CHARITY FUNDS Restricted funds Unrestricted funds 11 11 8,049 28,405 8,049 28,250 TOTAL FUNDS 36.454 36,299 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Sarah Reynolds {Chair) Date.. The notes on pages 11 to 20 form part of these financial statements. Page 10
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial ststements 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 IFRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair view and have departed from the Charities {Accounts and Reports} Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Moulton Preschool meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. No significant estimates or judgements were made by management in preparing these financial statements. 1.2 GOING CONCERN The Trustees have reviewed the financial position of the charity, and have a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future. 1.3 INCOME All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Third party fees are recognised in the period to which they relate and any fees received in advance being deferred. Donations are included in the Statement of Financial Activities when received. Grant Income is recognised by the charity when there has been notification of the amount and the settlement date. In the event that a grant is subject to conditions that require a level of performance before the charity is entitled to those funds, the income is deferred. If a grant is subject to strict terms as to the use of those funds, the grant is treated as a restricted fijnd and accounted for accordingly. Imiere the receipt of grant income is contingent on certain aspects, such thal the charity does not have full entitlement and is not able to accurately establish measurement of the income, it is disclosed as a contingent asset in the accounts. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page11
MOULTON PRESCHOOL NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POLICIES (CONTINUED) 1.4 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Support costs are those costs incurred directiy in support of expenditure on the objects of the Charity. Governance costs are those incurred in Connection with administration of the Charity and compliance with constitutional and statutory requirements. This includes the costs of the preparation and examination of the statutory financial statements, the costs of Trustees meetings and the cost of any legal advice given to the Trustees on governance or constitutional matters. All expenditure is inclusive of irrecoverable VAT. 1.5 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets costing £400 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognits'on. under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis: Fixtures and fittings 20° Office Equipment 33.33% 1.6 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 CASHAT BANKAND IN HAND Cash at bank and in hand includes cash 8nd short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 12
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POLICIES (CONTINUED) 1.8 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 1.9 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 PENSIONS The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 1.11 FUND ACCOUNTING General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. INCOME FROM DONATIONSAND GRANTS Restrlcted Unrestricted funds funds 2024 2024 Total fund8 2024 Total fvnds 2023 Donations 1,400 1,400 1,400 8,450 8,450 1,400 Page 13
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2024 Total funds 2024 Total fiJnds 2023 Unfunded fees and uniform Early Educats'onal Entitlement Funding 18,607 40,929 18,607 40.929 15,216 42,833 59,536 59,536 58,049 Early educational entitlement funding is from Suffolk County Council. This grant is for funding from the 15 hours of free childcare for eligible households. In 2024 and 2023 all income from Charitable Activities was unrestricted. FUNDRAISING INCOME Income from fundraising events Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising events 4,829 4.829 633 In 2023 and 2024 all income from fundraising events was unrestricted. Page 14
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES Actlvltlos undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Pre School running costs 59,542 6,281 65,823 61,215 56.485 4,730 61,215 In 2024, £nil (2023.. £58) of charitable expenditure was attributed to restricted funds and £65,823 (2023.. £61,157) was attributed to unrestricted funds. ANALYSIS OF DIRECT COSTS Total funds 2024 Tota fund 2023 Staff costs 49,593 2,425 7,524 47,602 1,796 7,087 Educational equipment and consumables Rent costs 59,542 56,485 Page 15
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED ANALYSIS OF SUPPORTCOSTS Totsl funds 2024 Total funds 2023 Advertising costs Administralive and office costs Other costs Staff Training Uniform costs Depreciation Bad debts 98 2,596 75 2,607 135 75 912 319 1,513 117 1,513 208 6,281 4,730 STAFF COSTS 2024 2023 Wages and salaries Social Security Costs Contributions to defined contribution pension schemes 49,178 103 312 47,177 143 282 49,593 47,602 The average number of persons employed by the Charity during the yearwas as follows.. 2024 No. 2023 No. Pre School staff No employee received remuneration amounting to more than £60.000 in either year. Key management personnel of the charity comprises the Committee and the Pre-school Manager. The Trustees have all given their time and expertise without any kind of remuneration or other benefit in kind {2024'. £NilJ. The total employment benefits of key management personnel, including employer pension contributions were £17,992.3 {2023.. £15,888). Page 16
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 7. TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 May 2024, no Trustee travel expenses have been incurred {2023 - £NILI and hvo trustees {2023- none) were reimbursed for purchasing sundry administrative items for the charity amounting to £62 (2023 - £NILI. TANGIBLE FIXED ASSETS Flxtures and ffttlngs £ Office equlpment £ Total £ COST OR VALUATION At 1 June 2023 1,712 3,512 5,224 Additions Disposals At 31 May 2024 Depreclatlon Depreciation at 1 June 2023 Depreciation charge Depreciation at 31 May 2024 2,342 1,170 3,512 3,026 1,513 4,539 343 1,027 NET BOOK VALUE At 31 May 2024 At 31 May 2023 685 685 1,028 1,171 2,198 DEBTORS 2024 2023 DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income Other debtors 805 920 346 417 1,333 2,071 1,750 Page 17
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other taxation and social security Other creditors Accruals and deferred incoffE 772 8.431 5,981 8,431 6,753 2024 2023 Resources deferred brought forward Deferred resources movement 5,981 6,395 2,450 {414) Resources deferred carried fopward 8,431 5,981 Deferred income relates to local council funding received in advance for the remainder of the Summer term. Page 18
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 11. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 June 2023 Balance at 31 May 2024 Income Expendltur Transfers UNRESTRICTED FUNDS General Funds - all funds 28,250 65,978 165,823) 28,405 RESTRICTED FUNDS Capital Grant Forest Health District Council 7,774 275 7,774 275 8,049 8,049 TOTAL OF FUNDS 36,299 65,978 (65,823) 36,454 Purpose of funds.. Forest Health District Council - A grant was received in 2019 for the purchase of electronic equipment for the school. A printer was purchased 2023. Capital Grant - A grant was received from Suffolk Country Council in the year ended 31 May 2022 to enable moveable equipment to be purchased for use by the children at the Pre-school. The balance carried forward is unspent funds at the year end. Page 19
MOULTON PRESCHOOL NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 11. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balance at 1 June 2022 Income Expenditure Transfers Balance at 31 May 2023 UNRESTRICTED FUNDS General Funds- all funds 22,237 67,170 (61,157) 28,250 RESTRICTED FUNDS Capital Grant 7,774 7,774 Forest Health District Council 333 (58) 275 8,107 12,409) 8,049 Totsl funds 30,444 58,868 (66,182) 36,299 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Restrictedunrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 685 685 8,049 36,151 18,431 } 44,200 (8,431 Total 8,049 28,405 36,454 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets 2,198 2,198 8,049 32,805 (6,753) 40,854 16,753) Creditors due within one year TOTAL 8,049 28,250 36,299 Page 20
MOULTON PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 13. RELATED PARTYTRANSACTIONS The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity as at 31 May 202412023: none). Page 21