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2023-08-31-accounts

Annual Report and Financial Statements

Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023

Prepared by InCloud Accounting Limited

Contents

Thorner Pre School and Toddler Group (Charity No: 1036320) Page 2 of 9

Annual Report and Financial Statements

Committee Report

Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023

1. The members of the management committee during the year were:

Chair Belinda Bateson
Vice Chair Izzy Taylor
Secretary Emma Pearson
Treasurer Linsay King
Trustees Lucy Griffin, Tammy Sindhar

2. Principal Address

Thorner C of E School, Kirkhills, Thorner, Leeds LS14 3JD

3. Governing Document

Pre-school Learning Alliance Constitution. Constitution adopted 1 November 1993 and amended 28 September 1999.

4. Aims & Organisation

The aim of the pre-school is to enhance the development and education of children under statutory school age in a parent-involved, community based group, which ensures equality of opportunity for all children and their families.

5. Independent Examiner

…............................

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Annual Report and Financial Statements

Committee Report continued

Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023

1. Review of progress and achievements

Pre-school showed a profit of £9, 913 this academic year. Our income was £106, 085. And our expenditure was £96, 171.

We had more children on role this year, resulting in more parents paying their fees privately. We also received an increase from the government through FEEE for 2, 3 and 4 year olds in comparison to the previous year- which made a positive impact financially.

Pre-school had to increase their own fees for parents that were not entitled to the funding to cover the costs of consumables, rent, bills and the rise in minimum wage.

We also did lots of fundraising to help cover some of the outgoings on new resources and equipment.

We continued to invest in our staff, providing opportunities for more training.

2. Statement of objectives for the future

Our capacity was running at 62% September 2022- which is positive for that time of year. Our numbers increased throughout the academic year, and by summer 2023, we were running at 83% capacity.

We decided to run a holiday club for a number of days in each school holiday- depending on the uptake. This made a positive impact on our financial situation and was also offering parents an additional service- that was needed to stay sustainable and relevant.

This is something we have continued to offer, and we will continue to do so in the future.

Our monthly income and expenditure are monitored on a regular basis, so we can ensure Pre-school remains sustainable. This means we can also review and amend income and expenditure accordingly.

We will also continue to fundraise to help bring in extra revenue- allowing us to purchase new resources and equipment and to repair and sustain our beautiful outdoor space.

3. Chairperson of Thorner Pre School and Toddler Group

”Pre-school remains at the heart of the community within Thorner.

We offer learning opportunities and provide a range of experiences for children and families to be a part of.

Our Ofsted rated ‘good’ setting is a wonderful place to work and is very rewarding. We have a very dedicated team that work hard to ensure Pre-school’s standards are met.

We have focused on advertising on a number of various platforms- bringing custom to our setting. And we have introduced holiday clubs- which have provided an additional service to working parents and families.

We are looking forward to the new academic year ahead and will try to tackle financial challenges head on as we have done this year. We will continue to plan fundraising events to help raise funds for our non-for-profit charity.”

4. Approval of the Accounts

Annual Report and Financial Statements Thorner Pre School and Toddler Group (Charity No: 1036320) Page 4 of 9

Committee Report continued

The Annual Report and Accounts were approved at a meeting of the Trustees held on: ............................. Name: ..................................................... Signed: ................................................... on behalf of the Trustees.

Thorner Pre School and Toddler Group (Charity No: 1036320) Page 5 of 9

Annual Report and Financial Statements

Independent Examiner's Report to the Trustees Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023

Cash Basis

I report on the accounts of the charity set out on pages 7 to 10.

1. Respective responsibilities of the trustees and the examine

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 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

2. Basis of independent examiner's report

My 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 seeking 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 I do not express an audit opinion on the view given by the accounts.

3. Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Charities Act or

I have come across no other matters in connection with the examination towhich attention should be drawn in order to enable a proper understanding ofthe accounts to be reached.

Signed: ____

Date:______

Annual Report and Financial Statements Thorner Pre School and Toddler Group (Charity No: 1036320) Page 6 of 9

Income & Expenditure

Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023 Cash Basis

Income & Expenditure
Thorner Pre School and Toddler Group (Charity No: 1036320)
For the year ended 31 August 2023
Cash Basis		 Income & Expenditure
Thorner Pre School and Toddler Group (Charity No: 1036320)
For the year ended 31 August 2023
Cash Basis
NOTES
2023
2022
Sales
Fees
21,636
41,236
Grants
81,068
67,389
Other donations
3,381
-
Total Sales
106,085
108,625
Gross Profit
106,085
108,625
Expenses
General Administration
Accountancy Fee
810
1,500
Adverts
-
129
Bank/Alto charges
90
24
Cleaning costs
167
742
DBS fees
39
52
Direct wages
69,644
86,274
Employment & HR advice
2,094
2,237
Entertaining
-
248
Equipment
119
1,565
First Aid Costs
-
680
Food
373
698
Football coaching
135
650
Garden maintenance
-
474
Ink cartridges
-
550
IT costs
330
80
Lunches
-
5
Materials
793
2,348
Other staff costs
6,481
1,668
Payroll fees
378
360
Pension-Employer contributions
1,180
1,119
Postage
-
6
Registration & insurance fees
884
933
Rent
11,875
11,030
Repairs and maintenance
267
835
Stationery
513
1,846
Training
-
526
Zoo Lab Visits
-
239
Total General Administration
96,171
116,820
Total Expenses
96,171
116,820
Net Profit (Loss)
9,913
(8,194)

Annual Report and Financial Statements Thorner Pre School and Toddler Group (Charity No: 1036320) Page 7 of 9

Balance Sheet

Thorner Pre School and Toddler Group (Charity No: 1036320) As at 31 August 2023

Cash Basis

Balance Sheet
Thorner Pre School and Toddler Group (Charity No: 1036320)
As at 31 August 2023
Cash Basis		 Balance Sheet
Thorner Pre School and Toddler Group (Charity No: 1036320)
As at 31 August 2023
Cash Basis
NOTES
31 AUG 2023
31 AUG 2022
Fixed Assets
Tangible assets
79,023
65,142
Total Fixed Assets
79,023
65,142
Creditors: amounts falling due withinone year
Other creditors
5,425
1,458
Total Creditors: amounts falling due within one year
5,425
1,458
Net current assets (liabilities)
(5,425)
(1,458)
Total assets less current liabilities
73,598
63,684
Net Assets
73,598
63,684
Capital and reserves
Funds - unrestricted
Accumulated Funds
63,684
71,879
Current Year Earnings
9,913
(8,194)
Total Funds - unrestricted
73,598
63,684
Total Capital and reserves
73,598
63,684

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Annual Report and Financial Statements

Notes to the Accounts

Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2023

  1. Basis of accounts preparation - the Trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.

  2. Taxation - as a registered charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

  3. Restricted Funds - are to be used for specified purposes as laid down by the funder. Expenditure which meets these criteria is identified to the fund.

Thorner Pre School and Toddler Group (Charity No: 1036320) Page 9 of 9

Annual Report and Financial Statements