WELLHOUSE PRE-SCHOOL an unincorporated charity.
Report and Financial Statements
For the year ended 31 August 2024 Charity number: 1035506
WELLHOUSE PRE-SCHOOL
Financial statements for the year ended 31 August 2024
| Contents | Pages |
|---|---|
| Legal and administrative information | 1 |
| Report of the trustees | 2 |
| Accountants' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6-8 |
| Detailed profit and loss account | 9-10 |
WELLHOUSE PRE-SCHOOL
Legal and administrative information
Status
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Trustees
S Downing E Rowntree (appointed 2 March 2024) C Adgie (appointed 2 March 2024)
Principal address
Wellhouse Lane Mirfield West Yorkshire WF14 QBE
Independent Examiner
Arif Ahmad AAC Chartered Accountants Unit 2 Batley Business Park, Technology Drive Batley West Yorkshire WF17 6ER
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WELLHOUSE PRE-SCHOOL
Report of the trustees for the year ended 31 August 2024
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 August 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and alms
In setting our objectives and planning our activities we have given careful consideration to the Charity Commission's general guidance on public benefit.
The objects of the Charity are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand, and provide, for the needs of their children through community groups.
Significant activities
Activities are planned In accordance with the Early Years Foundation Stage (EYFS).
FINANCIAL REVIEW
The Charity has contingency funds in place to help with unexpected maintenance bills for the building.
Trustees' responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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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 accounting records which 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 1993. 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005).
Approved by the trustees on 14 May 2025 and signed on its behalf by:
S Downing
Trustee & Chairperson
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WELLHOUSE PRE-SCHOOL
' Independent examiners report to the trustees of Wellhouse Pre-School
We report on the accounts of Wellhouse Pre-School for the year ended 31 August 2024 which are set out on pages 5 to 9.
Respective responslbilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is our responsibility to:
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examine the accounts (under section 43(3)(a) of the 1993 Act};
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
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to state whether particular matters have come to my attention.
Basis of independent examiners' report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, we do not express an audit opinion on the view given by the accounts.
Independent examiners' statement
In connection with our examination, no matter has come to our attention:
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which gives reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with s41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act
have not been met; or
- to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Arif Ahmad AAC Chartered Accountants Unit 2, Batley Business Park Technology Drive Batley WF17 6ER
Date: 14 May 2025
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WELLHOUSE PRE-SCHOOL
Statement of financial activities for the year ended 31 August 2024
| INCOMING RESOURCES Incoming resources from generated funds Activities for generating funds Investment income Incoming resources from charitable activities: Nursery Total incoming resources RESOURCES EXPENDED Cost of generating funds Fundraising trading: cost of goods sold and other costs Charitable activities Governance costs Finance costs Total resources expended NET INCOMING/ (OUTGOING) RESOURCES Reconciliation of Funds Total funds brought forward Total funds carried forward |
Notes 2 3 |
2024 - 3 117,515 117,518 500 116,070 1,302 60 |
2023 273 253 79,570 |
2023 | ||
|---|---|---|---|---|---|---|
| 80,096 | ||||||
| 659 86,746 1,349 103 |
||||||
| 117,932 | 88,857 | |||||
| (414) 50,411 |
(8,761) 59,172 |
|||||
| 49,997 | 50,411 |
All of the results relate to continuing activities. The notes on pages 6 to 8 form part of these financial statements.
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WELLHOUSE PRE-SCHOOL
Balance sheet at 31 August 2024
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors:amounts falling due within one year Net current assets Net Assets Funds Unrestricted funds Restricted funds Total Funds |
Notes 6 7 9 |
2024 £ 2023 £ 1,623 2,323 - 2,335 48,624 50,479 |
|---|---|---|
| 48,624 52,814 (250) (4,726) |
||
| 48,374 48,088 |
||
| 49,997 50,411 |
||
| 49,997 50,411 - |
||
| 49,997 50,411 |
These accounts have been prepared in accordance with the special provisions relating to small companies within part VII of the Companies Act 1985 and with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective January 2005).
The directors are of the opinion that the company is entitled to the exemptions from audit conferred by section 249A(1) of the Companies Act 1985 for the year ended 31 August 2024.
The directors confirm that no member or members have requested an audit pursuant to subsection 2 of section 2498 of the Companies Act 1985.
The directors are responsible for:-
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a) ensuring that the company keeps accounting records which comply with section 221 of the Companies Act 1985, and
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b) preparing accounts which give a true and fair view of the state of affairs of the company as at 31 August 2018 and of its results for the year then ended in accordance with the requirements of section 226 of the Companies Act 1985, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company.
Approved by the Trustees on 14 May 2025 and signed on their behalf.
C Adgie - Trustee
E Rowntree - Trustee
The notes on pages 6 to 8 form part of these financial statements
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WELLHOUSE PRE-SCHOOL
Notes to the financial statements for the year ended 31 August 2024
1 Accounting policies
The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.
a) Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008), the Charities Act 1993 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
b) Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
c) Resources expended
Expenditure is accounted for on an accruals 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 with the use of resources.
d) Fund structure
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 within 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.
e) Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-
Equipment 25% on reducing balance basis Computer equipment 33% straight line basis
f) Taxation
The charity is exempt from tax on its charitable activities.
2 Activities for generating funds
| Sales Fundraising events |
2024 £ - - |
2023 |
|---|---|---|
| £ 73 200 |
3 Investment income
| Interest receivable - trading | 2024 £ 3 |
2023 |
|---|---|---|
| £ 253 |
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WELLHOUSE PRE-SCHOOL
Notes to the financial statements for the year ended 31 August 2024
4 Trustees remuneration and benefits
There were no trustees' remuneration or other benefits 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.
5 Taxation
The charity is exempt from corporation tax on its charitable activities.
6 Tangible fixed assets
| Tangible fixed assets | |||
|---|---|---|---|
| Equipment | |||
| fixtures and | Computer | ||
| fittings | Equipment | Total |
|
| £ | £ | £ | |
| Cost: | |||
| At 1 September 2023 and 31 August 2024 | 11,515 | 2,137 |
10,976 |
| Depreciation: | |||
| At 1 September 2023 | 9,192 | 2,137 | 11,329 |
| Charge for year | 700 | 700 | |
| At 31 August 2024 | 9,892 | 2,137 | 12,029 |
| Net book value: | |||
| At 31 August 2024 | 1,623 | 1,623 | |
| At 31 August 2023 | 2,323 | 2,323 |
7 Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2024 £ - - 250 250 |
2023 £ 1,834 1,343 1,549 |
|---|---|---|
| 4,726 |
8 Movement in funds
| Movement in funds | ||
|---|---|---|
| Balance at | Balance at | |
| 1 September | 31 August | |
| Unrestricted funds | ||
| General fund | 50,411 | 49,997 |
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WELLHOUSE PRE-SCHOOL
Notes to the financial statements for the year ended 31 August 2024
9 Reconciliation of movement in shareholder funds
| Reconciliation of movement in shareholder funds | |
|---|---|
| Surplus / (Deficit) for the year Opening shareholder funds Closing shareholder funds |
2024 £ 2023 £ (414) (8,761) 50,411 59,172 |
| 49,997 50,411 |
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WELLHOUSE PRE-SCHOOL
Detailed Profit and Loss Account for the year ended 31 August 2024
| INCOMING RESOURCES Activities for generating funds Fundraising events Sales Investment income Interest receivable Incoming resources from charitable activities Fees KMC Fees Total incoming resources RESOURCES EXPENDED Fundraising trading: cost of goods sold and other costs Food costs Uniforms for resale Charitable activities Wages Pension contributions Staff training Property rent Rates and water Light and heat Insurance Cleaning Repairs and renewals Motor and travel Telephone Printing, postage & stationery Hire of office equipment Sundry expenses Staff costs Social events Books and publications Dues and subscriptions Depreciation: Fixtures and equipment |
2024 £ - - 0 3 4,239 112,916 117,515 117,518 500 - 500 81,158 1,037 2,045 1,500 626 2,844 2,017 259 18,724 - 2,043 321 1,210 172 350 550 50 464 700 116,070 |
2023 £ 200 73 273 253 9,680 69,890 |
|
|---|---|---|---|
| 79,570 | |||
| 80,096 | |||
| 504 155 659 69,342 1,243 464 1,500 725 3,751 1,917 571 951 30 1,376 209 2,178 165 387 535 338 364 700 86,746 |
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WELLHOUSE PRE-SCHOOL
Detailed Profit and Loss Account for the year ended 31 August 2024
| Governance costs Accountancy Support costs Finance Bank charges Interest charges Total resources expended Net surplus / (deficit) |
|
|---|---|
This page does not form part of the statutory financial statements.
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