Little Ni ers Pre-School pp
C/O Python Hill Academy
Kirklington Road
Rainworth
Notts.
NG21 0JZ
Registered Charity Number 1036702
Ofsted Registration Number EY335257
Trustees Annual Report For the year ended 31 August 2023
Full name: Little Nippers Preschool.
Registered Charity Number : 1036702 Governing Document: The charity is operated under the rules of its constitution adopted 30[th] September 1985, amended 12[th] June 2006 and 24[th] June 2010.
Trustees: Little Nippers Pre-School Management Committee Chairperson Danielle Wilson Treasurer Jeannette Booth Secretary Stacey Vaughn
Principal address The Python Hill Academy Kirklington rd Rainworth
Bankers
Santander, Bridle Road, Bootle, L304GB
NG21 0JZ
Aims and Organisaton
The main aim of the charity is to enhance the development and education of children under statutory school age. Overall management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Day to day project activity is managed by paid staff.
Review of actvites and achievements during the period
Little Nippers Preschool continues to serve the local area and welcomes children between the ages of 2 and 5 years, until they enter full time education. Our aim is for all children in our environment to feel safe and valued, with our objectives being that children should develop independence, social skills and knowledge through play. Little Nippers Pre-School provides a stimulating place for children to learn and expand their experiences between home and school. Activities are varied and imaginative, encouraging children to learn at their own pace. Pre-School sessions typically include circle time, outdoor play, including our mud kitchen, (weather permitting), story time, song time and snack, as well as free play. Little Nippers Preschool offers childcare between 8.45am and 3.15pm Monday to Friday, during school term times, with a breakfast club offered between 8am and 8.45. The Pre-School is run by a voluntary Management Committee who ensures that Pre-School stays rooted in our community and reflects the needs of the children.
Review of fnances
The accounts for the period 01-09-2022 to 31-08-2023 were presented and compared with the previous year. Rent continues to be increased annually by The Forge Trust, this together with the increase in minimum wages and the rising cost of living means that we are constantly reviewing the cost paid, by parents and carers, for sessions. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio.
I declare, in my capacity of charity trustee, that the trustees have approved the report above and that they have authorised me to sign it on their behalf.
Signed..................................................................... Date.............................................
Chairperson, on behalf of Little Nippers Preschool Management Committee.
Little Nippers Pre-School
Charity Number 1036702
Trustees' Report and Unaudited Accounts
31 August, 2023
Little Nippers Pre-School
Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Accounts | 7 to | 13 |
| Statement of Cash flows | 14 | |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Little Nippers Pre-School
Trustees Annual Report
Little Nippers Pre-School
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 August, 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number 1036702
Principal Office
Python Hill Primary School Kirklington Road Rainworth Nottinghamshire NG21 0JZ
Trustees
The following trustees served during the year:
Little Nippers Pre-School Management Committee
Chairperson Danielle Wilson Ttreasurer Jeannette Booth Secretary Stacey Vaughan
Accountants
Brealey and Newbury Accountants 8 High Street Mansfield Woodhouse Mansfield Nottinghamshire NG19 8AN
Bankers
Santander Bridle Road Bootle L30 4GB
OBJECTIVES AND ACTIVITIES
The main aim of the charity is to enhance the development and education of children under statutory school age. Overall management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Day to day project activity is managed by paid staff.
Page 2
Little Nippers Pre-School
Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Little Nippers Preschool continues to serve the local area and welcomes children between the ages of 2 and 5 years, until they enter full time education. Our aim is for all children in our environment to feel safe and valued, with our objectives being that children should develop independence, social skills and knowledge through play. Little Nippers Pre-School provides a stimulating place for children to learn and expand their experiences between home and school. Activities are varied and imaginative, encouraging children to learn at their own pace. Pre-School sessions typically include circle time, outdoor play, including our mud kitchen, (weather permitting), story time, song time and snack, as well as free play. Little Nippers Preschool offers childcare between 8.45am and 3.15pm Monday to Friday, during school term times, with a breakfast club offered between 8am and 8.45. The Pre-School is run by a voluntary Management Committee who ensures that Pre-School stays rooted in our community and reflects the needs of the children.
FINANCIAL REVIEW
The accounts for the period 01-09-2022 to 31-08-2023 were presented and compared with the previous year. Rent continues to be increased annually by The Forge Trust, this together with the increase in minimum wages and the rising cost of living means that we are constantly reviewing the cost paid, by parents and carers, for sessions. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio.
I declare, in my capacity of charity trustee, that the trustees have approved the report above and that they have authorised me to sign it on their behalf.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is operated under the rules of its constitution adopted 30th September 1985, amended 12th June 2006 and 24th June 2010.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Danielle Wilson Trustee 14/05/2024
Page 3
Little Nippers Pre-School
Independent Examiners Report
Independent Examiner's Report to the trustees of Little Nippers Pre-school
I report to the trustees on my examination of the financial statements of Little Nippers Pre-school for the year ended 31 August, 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
• the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns 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 financial statements to be reached.
Andrew Brealey
Brealey and Newbury Accountants 8 High Street Mansfield Woodhouse Mansfield Nottinghamshire NG19 8AN
14/05/2024
Page 4
Little Nippers Pre-School
Statement of Financial Activities for the Year Ended 31 August, 2023
| Notes Income and endowments from: Donations and Legacies 3 Charitable Activities 4 Total Expenditure on: Raising Funds 5 Other 6 Total Net gains on investments Net income/expenditure Transfer between funds Ney income/(expenditure) before gains/losses Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2023 £ 3,928 163,848 167,776 2,526 172,667 175,193 0 (7,417) - (7,417) - (7,417) 58,273 50,856 Unrestricted Funds |
2023 2022 £ £ 3,928 858 163,848 176,204 167,776 177,062 2,526 2,142 172,667 163,508 175,193 165,650 0 0 (7,417) 11,412 - - (7,417) 11,412 - - (7,417) 11,412 58,273 46,861 50,856 58,273 Total Funds Total Funds |
|---|---|---|
Page 5
Little Nippers Pre-School
Balance Sheet as at 31 August, 2023
Charity Number 1036702
| Notes Fixed Assets Tangible Assets 9 Current Assets Cash at bank and in hand Creditors: Amount falling due within one year 10 Net current assets Total asets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds Reserves 11 Total funds |
2023 £ 14,053 14,053 37,589 37,589 (786) 36,803 50,856 50,856 50,856 |
2022 £ 11,052 |
|---|---|---|
| 11,052 47,977 |
||
| 47,977 (756) |
||
| 47,221 | ||
| 58,273 | ||
| 58,273 | ||
| 58,273 |
Approved by the trustees on 31 August, 2023
Danielle Wilson Trustee 14/05/2024
Page 6
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
1 Accounting Policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is reported expenditure gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the the legacies SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the gift/donation donations and gifts to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure) where and facilities the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts.
- Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at revaluation of fixed the end of the year. assets
Gains/(losses) on investment assets
This includes any gain or loss on the sale of investments.
Page 7
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment
18%% Reducing Balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other shortterm highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
| 2 Statement of Financial Activities - prior year Income and endowments from: Donations and Legacies Charitable Activities Total Expenditure on: Raising Funds Other Total Net income Ney income/(expenditure) before gains/losses Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations 4 Income from charitable activities Parents Fees Notts County Council/ Gov Funding Special Needs Holiday Club Sundry Uniform Sales |
Unrestricted £ 3,928 3,928 Unrestricted £ 30,382 125,030 7,160 - 924 352 163,848 |
2022 2022 £ £ 858 858 176,204 176,204 177,062 177,062 2,142 2,142 163,508 163,508 165,650 165,650 11,412 11,412 11,412 11,412 - - 11,412 11,412 46,861 46,861 58,273 58,273 Total Total 2023 2022 £ £ 3,928 858 3,928 858 Total Total 2023 2022 £ £ 30,382 26,846 125,030 144,845 7,160 3,940 - - 924 286 352 287 163,848 176,204 Unrestricted Funds Total Funds |
|---|---|---|
Page 10
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
| 5 Expenditure on raising funds Fundraising trading costs 6 Other expenditure Employee costs Premises costs General administrative costs Legal and professional costs 7 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 8 Staff Costs Salaries and wages Pension Costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets |
Unrestricted £ 2,526 2,526 Unrestricted £ 147,980 13,847 3,195 6,859 786 172,667 2023 £ 3,195 2023 £ 140,506 4,230 144,736 |
Total Total 2023 2022 £ £ 2,526 2,142 2,526 2,142 Total Total 2023 2022 £ £ 147,980 144,525 13,847 9,720 3,195 2,426 6,859 6,081 786 756 172,667 163,508 2022 £ 2,426 2022 £ 138,981 3,152 142,134 |
|---|---|---|
No employee received emoluments in excess of £60,000.
Page 11
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
9 Tangible Fixed Assets
| Cost or revaluation As at 01 September, 2022 Additions As at 31 August, 2023 Depreciation and impairment As at 01 September, 2022 Depreciation charge for the year As at 31 August, 2023 Net book values As at 31 August, 2023 As at 31 August, 2022 10 Creditors: amounts falling due within one year 2023 £ Accruals 786 786 11 Movement in funds £ £ Unrestricted funds: General funds 58,273 167,776 Total funds 58,273 167,776 As at 01 September, 2022 Incoming resources (including other gains/losses) |
Equipment £ 17,044 6,195 23,239 5,991 3,195 9,186 14,053 11,052 £ (175,193) (175,193) Resources expended |
Total £ 17,044 6,195 |
|---|---|---|
| 23,239 | ||
| 5,991 3,195 |
||
| 9,186 | ||
| 14,053 | ||
| 11,052 2022 £ 756 |
||
| 756 | ||
| £ 50,856 As at 31 August, 2023 |
||
| 50,856 |
12 Analysis of net assets between funds
| Fixed assets Net current assets |
£ £ 14,053 14,053 36,803 36,803 50,856 50,856 Unrestricted Funds Total |
|---|---|
Page 12
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
13 Reconciliation of net debt
| £ Cash and cash equivalents 47,977 47,977 Net debt 47,977 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as 2023 2023 Other £ £ Operating leases with expiry date: Pension commitments 2023 £ 4,230 As at 01 September, 2022 Land and Buildings The pension cost charge to the charity amounted to: |
Cash flows £ (10,388) 37,589 (10,388) 37,589 (10,388) 37,589 follows: 2022 2022 Other £ £ 2022 £ 3,152 As at 31 August, 2023 Land and Buildings |
|---|---|
14 Commitments
Page 13
Little Nippers Pre-School Statement of Cash Flows for the year ended 31 August, 2023
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Increase in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Components of cash and cash equivalents Cash and bank balances |
2023 2022 £ £ (7,417) 11,412 3,195 2,426 30 36 (4,192) 13,874 (6,195) (5,504) (6,195) (5,504) - - (10,387) 8,370 47,977 39,607 37,589 47,977 37,589 47,977 |
|---|---|
Page 14
Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2023
| Income and endowments from: Donations and legacies Donations Charitable activities Parents Fees Notts County Council/ Gov Funding Special Needs Holiday Club Sundry Uniform Sales Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Employee costs Salaries/wages Pension Cost Staff training Staff welfare Premises cost Rent Premises cleaning Premises repairs and maintenance General administrative costs, including depreciation and amortisation. Depreciation of equipment Repairs and maintenance Stationery and printing Sundry expense Telephone, fax and broadband |
2023 £ 3,928 3,928 30,382 125,030 7,160 - 924 352 163,848 167,776 2,526 2,526 2,526 140,506 4,230 2,395 849 147,980 13,163 - 684 13,847 3,195 1,767 3,022 1,621 449 10,054 Unrestricted Funds |
2023 2022 £ £ 3,928 858 3,928 858 30,382 26,846 125,030 144,845 7,160 3,940 - - 924 286 352 287 163,848 176,204 167,776 177,062 2,526 2,142 2,526 2,142 2,526 2,142 140,506 138,981 4,230 3,152 2,395 1,525 849 866 147,980 144,525 13,163 8,720 - - 684 1,001 13,847 9,720 3,195 2,426 1,767 2,625 3,022 2,371 1,621 625 449 460 10,054 8,507 Total Funds Total Funds |
|---|---|---|
Page 15
Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2023
| Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Net income/(expenditure) before other gains/Losses |
786 786 172,667 175,193 - (7,417) (7,417) - (7,417) 58,273 50,856 |
786 786 172,667 175,193 - (7,417) (7,417) - (7,417) 58,273 50,856 |
756 |
|---|---|---|---|
| 756 | |||
| 163,508 | |||
| 165,650 - 11,412 11,412 - |
|||
| 11,412 | |||
| 46,861 | |||
| 58,273 |
Page 16
Little Nippers Pre-School
Charity Number 1036702
Trustees' Report and Unaudited Accounts
31 August, 2023
Little Nippers Pre-School
Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Accounts | 7 to | 13 |
| Statement of Cash flows | 14 | |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Little Nippers Pre-School
Trustees Annual Report
Little Nippers Pre-School
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 August, 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number 1036702
Principal Office
Python Hill Primary School Kirklington Road Rainworth Nottinghamshire NG21 0JZ
Trustees
The following trustees served during the year:
Little Nippers Pre-School Management Committee
Chairperson Danielle Wilson Ttreasurer Jeannette Booth Secretary Stacey Vaughan
Accountants
Brealey and Newbury Accountants 8 High Street Mansfield Woodhouse Mansfield Nottinghamshire NG19 8AN
Bankers
Santander Bridle Road Bootle L30 4GB
OBJECTIVES AND ACTIVITIES
The main aim of the charity is to enhance the development and education of children under statutory school age. Overall management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. Day to day project activity is managed by paid staff.
Page 2
Little Nippers Pre-School
Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Little Nippers Preschool continues to serve the local area and welcomes children between the ages of 2 and 5 years, until they enter full time education. Our aim is for all children in our environment to feel safe and valued, with our objectives being that children should develop independence, social skills and knowledge through play. Little Nippers Pre-School provides a stimulating place for children to learn and expand their experiences between home and school. Activities are varied and imaginative, encouraging children to learn at their own pace. Pre-School sessions typically include circle time, outdoor play, including our mud kitchen, (weather permitting), story time, song time and snack, as well as free play. Little Nippers Preschool offers childcare between 8.45am and 3.15pm Monday to Friday, during school term times, with a breakfast club offered between 8am and 8.45. The Pre-School is run by a voluntary Management Committee who ensures that Pre-School stays rooted in our community and reflects the needs of the children.
FINANCIAL REVIEW
The accounts for the period 01-09-2022 to 31-08-2023 were presented and compared with the previous year. Rent continues to be increased annually by The Forge Trust, this together with the increase in minimum wages and the rising cost of living means that we are constantly reviewing the cost paid, by parents and carers, for sessions. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio.
I declare, in my capacity of charity trustee, that the trustees have approved the report above and that they have authorised me to sign it on their behalf.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is operated under the rules of its constitution adopted 30th September 1985, amended 12th June 2006 and 24th June 2010.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Danielle Wilson Trustee 14/05/2024
Page 3
Little Nippers Pre-School
Independent Examiners Report
Independent Examiner's Report to the trustees of Little Nippers Pre-school
I report to the trustees on my examination of the financial statements of Little Nippers Pre-school for the year ended 31 August, 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
• the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns 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 financial statements to be reached.
Andrew Brealey
Brealey and Newbury Accountants 8 High Street Mansfield Woodhouse Mansfield Nottinghamshire NG19 8AN
14/05/2024
Page 4
Little Nippers Pre-School
Statement of Financial Activities for the Year Ended 31 August, 2023
| Notes Income and endowments from: Donations and Legacies 3 Charitable Activities 4 Total Expenditure on: Raising Funds 5 Other 6 Total Net gains on investments Net income/expenditure Transfer between funds Ney income/(expenditure) before gains/losses Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2023 £ 3,928 163,848 167,776 2,526 172,667 175,193 0 (7,417) - (7,417) - (7,417) 58,273 50,856 Unrestricted Funds |
2023 2022 £ £ 3,928 858 163,848 176,204 167,776 177,062 2,526 2,142 172,667 163,508 175,193 165,650 0 0 (7,417) 11,412 - - (7,417) 11,412 - - (7,417) 11,412 58,273 46,861 50,856 58,273 Total Funds Total Funds |
|---|---|---|
Page 5
Little Nippers Pre-School
Balance Sheet as at 31 August, 2023
Charity Number 1036702
| Notes Fixed Assets Tangible Assets 9 Current Assets Cash at bank and in hand Creditors: Amount falling due within one year 10 Net current assets Total asets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds Reserves 11 Total funds |
2023 £ 14,053 14,053 37,589 37,589 (786) 36,803 50,856 50,856 50,856 |
2022 £ 11,052 |
|---|---|---|
| 11,052 47,977 |
||
| 47,977 (756) |
||
| 47,221 | ||
| 58,273 | ||
| 58,273 | ||
| 58,273 |
Approved by the trustees on 31 August, 2023
Danielle Wilson Trustee 14/05/2024
Page 6
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
1 Accounting Policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is reported expenditure gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the the legacies SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the gift/donation donations and gifts to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure) where and facilities the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts.
- Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at revaluation of fixed the end of the year. assets
Gains/(losses) on investment assets
This includes any gain or loss on the sale of investments.
Page 7
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment
18%% Reducing Balance
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other shortterm highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
| 2 Statement of Financial Activities - prior year Income and endowments from: Donations and Legacies Charitable Activities Total Expenditure on: Raising Funds Other Total Net income Ney income/(expenditure) before gains/losses Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations 4 Income from charitable activities Parents Fees Notts County Council/ Gov Funding Special Needs Holiday Club Sundry Uniform Sales |
Unrestricted £ 3,928 3,928 Unrestricted £ 30,382 125,030 7,160 - 924 352 163,848 |
2022 2022 £ £ 858 858 176,204 176,204 177,062 177,062 2,142 2,142 163,508 163,508 165,650 165,650 11,412 11,412 11,412 11,412 - - 11,412 11,412 46,861 46,861 58,273 58,273 Total Total 2023 2022 £ £ 3,928 858 3,928 858 Total Total 2023 2022 £ £ 30,382 26,846 125,030 144,845 7,160 3,940 - - 924 286 352 287 163,848 176,204 Unrestricted Funds Total Funds |
|---|---|---|
Page 10
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
| 5 Expenditure on raising funds Fundraising trading costs 6 Other expenditure Employee costs Premises costs General administrative costs Legal and professional costs 7 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 8 Staff Costs Salaries and wages Pension Costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets |
Unrestricted £ 2,526 2,526 Unrestricted £ 147,980 13,847 3,195 6,859 786 172,667 2023 £ 3,195 2023 £ 140,506 4,230 144,736 |
Total Total 2023 2022 £ £ 2,526 2,142 2,526 2,142 Total Total 2023 2022 £ £ 147,980 144,525 13,847 9,720 3,195 2,426 6,859 6,081 786 756 172,667 163,508 2022 £ 2,426 2022 £ 138,981 3,152 142,134 |
|---|---|---|
No employee received emoluments in excess of £60,000.
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Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
9 Tangible Fixed Assets
| Cost or revaluation As at 01 September, 2022 Additions As at 31 August, 2023 Depreciation and impairment As at 01 September, 2022 Depreciation charge for the year As at 31 August, 2023 Net book values As at 31 August, 2023 As at 31 August, 2022 10 Creditors: amounts falling due within one year 2023 £ Accruals 786 786 11 Movement in funds £ £ Unrestricted funds: General funds 58,273 167,776 Total funds 58,273 167,776 As at 01 September, 2022 Incoming resources (including other gains/losses) |
Equipment £ 17,044 6,195 23,239 5,991 3,195 9,186 14,053 11,052 £ (175,193) (175,193) Resources expended |
Total £ 17,044 6,195 |
|---|---|---|
| 23,239 | ||
| 5,991 3,195 |
||
| 9,186 | ||
| 14,053 | ||
| 11,052 2022 £ 756 |
||
| 756 | ||
| £ 50,856 As at 31 August, 2023 |
||
| 50,856 |
12 Analysis of net assets between funds
| Fixed assets Net current assets |
£ £ 14,053 14,053 36,803 36,803 50,856 50,856 Unrestricted Funds Total |
|---|---|
Page 12
Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2023
13 Reconciliation of net debt
| £ Cash and cash equivalents 47,977 47,977 Net debt 47,977 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as 2023 2023 Other £ £ Operating leases with expiry date: Pension commitments 2023 £ 4,230 As at 01 September, 2022 Land and Buildings The pension cost charge to the charity amounted to: |
Cash flows £ (10,388) 37,589 (10,388) 37,589 (10,388) 37,589 follows: 2022 2022 Other £ £ 2022 £ 3,152 As at 31 August, 2023 Land and Buildings |
|---|---|
14 Commitments
Page 13
Little Nippers Pre-School Statement of Cash Flows for the year ended 31 August, 2023
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Increase in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Components of cash and cash equivalents Cash and bank balances |
2023 2022 £ £ (7,417) 11,412 3,195 2,426 30 36 (4,192) 13,874 (6,195) (5,504) (6,195) (5,504) - - (10,387) 8,370 47,977 39,607 37,589 47,977 37,589 47,977 |
|---|---|
Page 14
Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2023
| Income and endowments from: Donations and legacies Donations Charitable activities Parents Fees Notts County Council/ Gov Funding Special Needs Holiday Club Sundry Uniform Sales Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Employee costs Salaries/wages Pension Cost Staff training Staff welfare Premises cost Rent Premises cleaning Premises repairs and maintenance General administrative costs, including depreciation and amortisation. Depreciation of equipment Repairs and maintenance Stationery and printing Sundry expense Telephone, fax and broadband |
2023 £ 3,928 3,928 30,382 125,030 7,160 - 924 352 163,848 167,776 2,526 2,526 2,526 140,506 4,230 2,395 849 147,980 13,163 - 684 13,847 3,195 1,767 3,022 1,621 449 10,054 Unrestricted Funds |
2023 2022 £ £ 3,928 858 3,928 858 30,382 26,846 125,030 144,845 7,160 3,940 - - 924 286 352 287 163,848 176,204 167,776 177,062 2,526 2,142 2,526 2,142 2,526 2,142 140,506 138,981 4,230 3,152 2,395 1,525 849 866 147,980 144,525 13,163 8,720 - - 684 1,001 13,847 9,720 3,195 2,426 1,767 2,625 3,022 2,371 1,621 625 449 460 10,054 8,507 Total Funds Total Funds |
|---|---|---|
Page 15
Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2023
| Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward Net income/(expenditure) before other gains/Losses |
786 786 172,667 175,193 - (7,417) (7,417) - (7,417) 58,273 50,856 |
786 786 172,667 175,193 - (7,417) (7,417) - (7,417) 58,273 50,856 |
756 |
|---|---|---|---|
| 756 | |||
| 163,508 | |||
| 165,650 - 11,412 11,412 - |
|||
| 11,412 | |||
| 46,861 | |||
| 58,273 |
Page 16