Annual Report and Financial Statements
Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2024
Prepared by InCloud Accounting Limited
Contents
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3 Committee Report
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4 Committee Report continued
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5 Independent Examiner's Report to the Trustees
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6 Income & Expenditure
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7 Balance Sheet
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8 Notes to the Accounts
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Annual Report and Financial Statements
Committee Report
Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2024
1. The members of the management committee during the year were:
| Chair | Belinda Bateson |
|---|---|
| Vice Chair | Izzy Samociuk |
| Secretary | Emma Pearson |
| Treasurer | Linsay King |
| Trustees | Tammy Sindhar, Natasha Dixon |
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 2024
1. Review of progress and achievements
Pre-school showed a profit of £22,886.20 this academic year. Our income was £114,011.95. And our expenditure was £91,125.75.
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 41% September 2023 - which is positive for that time of year. Our numbers increased throughout the academic year, and by summer 2024, we were running at 71% 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
The Annual Report and Accounts were approved at a meeting of the Trustees held on: ............................. 07/05/25 Name: ..................................................... Izzy Taylor Signed: ................................................... Izzy Taylor on behalf of the Trustees.
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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 2024
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:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
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
- theaccounts do not accord with the accounting records
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:______
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Annual Report and Financial Statements
Income & Expenditure
Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2024 Cash Basis
| Income & Expenditure Thorner Pre School and Toddler Group (Charity No: 1036320) For the year ended 31 August 2024 Cash Basis |
Thorner Pre School and Toddler Group (Charity No: 1036320) | ||
|---|---|---|---|
| NOTES | 2024 | 2023 | |
| Sales | |||
| Fees | 53,799 | 21,636 | |
| Grants | 60,213 | 81,068 | |
| Other donations | - | 3,381 | |
| Total Sales | 114,012 | 106,085 | |
| Gross Profit | 114,012 | 106,085 | |
| Expenses | |||
| General Administration | |||
| Accountancy Fee | 1,656 | 810 | |
| Bank/Alto charges | 108 | 90 | |
| Charitable Donations | 6 | - | |
| Cleaning costs | 40 | 167 | |
| DBS fees | 65 | 39 | |
| Direct wages | 69,896 | 69,644 | |
| Employment & HR advice | - | 2,094 | |
| Equipment | 96 | 119 | |
| Food | 56 | 373 | |
| Football coaching | - | 135 | |
| IT costs | 638 | 330 | |
| Materials | 2,260 | 793 | |
| Other staff costs | 1,810 | 6,481 | |
| Payroll fees | 324 | 378 | |
| Pension-Employer contributions | 1,160 | 1,180 | |
| Registration & insurance fees | 728 | 884 | |
| Rent | 10,961 | 11,875 | |
| Repairs and maintenance | 705 | 267 | |
| Stationery | 119 | 513 | |
| Training | 300 | - | |
| Zoo Lab Visits | 198 | - | |
| Total General Administration | 91,126 | 96,171 | |
| Total Expenses | 91,126 | 96,171 | |
| Net Profit (Loss) | 22,886 | 9,913 |
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Balance Sheet
Thorner Pre School and Toddler Group (Charity No: 1036320) As at 31 August 2024
Cash Basis
| As at 31 August 2024 Cash Basis |
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|---|---|---|---|
| NOTES | 31 AUG 2024 | 31 AUG 2023 | |
| Fixed Assets | |||
| Tangible assets | 104,769 | 79,023 | |
| Total Fixed Assets | 104,769 | 79,023 | |
| Creditors: amounts falling due withinone year | |||
| Other creditors | 8,285 | 5,425 | |
| Total Creditors: amounts falling due within one year | 8,285 | 5,425 | |
| Net current assets (liabilities) | (8,285) | (5,425) | |
| Total assets less current liabilities | 96,484 | 73,598 | |
| Net Assets | 96,484 | 73,598 | |
| Capital and reserves | |||
| Funds - unrestricted | |||
| Accumulated Funds | 73,598 | 63,684 | |
| Current Year Earnings | 22,886 | 9,913 | |
| Total Funds - unrestricted | 96,484 | 73,598 | |
| Total Capital and reserves | 96,484 | 73,598 |
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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 2024
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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.
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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.
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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.
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Annual Report and Financial Statements