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← Little Nippers Pre-School

2024-08-31-accounts

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 2024

Full name: Little Nippers Preschool.

Registered Charity Number: 1036702

Governing Document:

The charity is operated under the rules of its constitution adopted 30[t][h] 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 Vaughan

Principal address

The Python Hill Academy

Kirklington road Rainworth

NG21 0JZ

Bankers Santander, Bridle Road, Bootle, L304GB

Aims and Organisation

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 activities 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 7.30am and 8.45am. 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. The Pre-school was OFSTED inspected in July 2024, and we received the rating GOOD!©

Review of finances

The accounts for the period 01-09-2023 to 31-08-2024 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. We also review the cost of the pre-school uniform every April too. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio. There are currently 8 members of staff on a day to day basis, and we have 2 bank staff on our payroll at this moment in time.

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... Qer ...................................

Chairperson, on behalf of Little Nippers Preschool Management Committee.

- Little Nippers Pre School Managers report September 2023 to August 2024 September 2023 numbers

40 children within setting.

13 = 2yr olds 7 accessing 2yr funding 27 = 3-4yr olds * 14 accessing 30 hour funding SEN (special educational needs) 11 children with SEN (including speech & language, schools and family services, English as an additional language or under a paediatrician) August 2024 numbers*

17 = 2yr olds 15 accessing 2yr funding 33 = 3-4yr olds 18 accessing 30 hour funding SEN (special educational needs) 14 children with SEN Staffing Caterpillar room (2yrs) – 3 staff required Butterfly room (3-4yrs) – 4 staff required 8 full time staff members including manager and deputy manager 2 bank staff to work when needed Training All staff completed Paediatric first aid training Ellie completed Supporting children with SEND Sophie completed safeguarding children with SEND Debbie, Natalie and Brooke completed Makaton level 1 Nikki and Nicolle completed sensitive conversation training Sophie and Olivia completed communication for all Nikki and Nicolle completed mental health training Sophie completed Portage training Sophie completed talking matters course Nikki, Nicolle and Sophie attended multiple DSL, SEND and Language lead networks throughout the year. Ofsted return visit

The return visit went really well and we achieved a “strong good” with some outstanding areas. Ofsted will inspect again in 6 years time.

Little Nippers Pre-School

AGM minutes

Friday 13[th] June 2025 @ 9.30am

Present: Nikki, Nicolle, Danielle, Stacey and Laura. Apologies: Netsy, Ness and Jan

Trustees accounts: Nicolle passed around the accounts for year 2023-2024 . No concerns regarding incomes and expenses as these naturally fluctuate year on year. Nikki explained about the current bank balance always being between £15,000 and £25,000 to cover redundancies.

Managers report: Nikki read out the managers report for year 2023-2024. Please see report for details. Staffing structure: Nikki and Nicolle spoke about staff changes for September. Sophie H will be leaving Little Nippers Pre-School at the end of the summer term (July) She is pursuing and furthering her career in early years, and we all wish Sophie well for the future. Key children will need to be delegated to other staff members and some staff may need to change rooms and roles to best support the settings structure in the future. Olivia has agreed to become our new SEN coordinator and Language lead. Nikki to book Olivia on all relevant courses needed and Sophie will support Olivia through this transition. As it stands and the current numbers for September, we will not need to replace Sophie as it is a quieter term, but things could change and we might need a new member of staff appointing.

Fundraising and ideas: Nikki and Nicolle spoke about the committee becoming more involved with fundraising if they had any free time. All committee members were happy to do this, and some ideas were discussed for summer fayre, cake sales and Christmas etc. Nikki thanked all committee members for their continued support, valued experiences and their much-needed involvement with the setting. Metting concluded at 11.00am

Little Nippers Pre-School

Charity Number 1036702

Trustees' Report and Unaudited Accounts

31 August, 2024

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, 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number 1036702

Principal Office

The Python Hill Academy 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 7.30am and 8.45. The PreSchool is run by a voluntary Management Committee who ensures that Pre-School stays rooted in our community and reflects the needs of the children. The Pre-school was OFSTED inspected in July 2024, and we received the rating GOOD!

FINANCIAL REVIEW

The accounts for the period 01-09-2023 to 31-08-2024 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. We also review the cost of the pre-school uniform every April. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio. There are currently 8 members of staff on a day to day basis, and we have 2 bank staff on our payroll at this moment in time.

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 15/05/2025

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, 2024 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 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

15/05/2025

Page 4

Little Nippers Pre-School

Statement of Financial Activities for the Year Ended 31 August, 2024

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		 2024
£
5,695
181,943
187,638
2,487
188,124
190,612
0
(2,974)
-
(2,974)
-
(2,974)
50,856
47,882
Unrestricted
Funds		 2024
2023
£
£
5,695
3,928
181,943
163,848
187,638
167,776
2,487
2,526
188,124
172,667
190,612
175,193
0
0
(2,974)
(7,417)
-
-
(2,974)
(7,417)
-
-
(2,974)
(7,417)
50,856
58,273
47,882
50,856
Total Funds
Total Funds

Page 5

Little Nippers Pre-School

Balance Sheet as at 31 August, 2024

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		 2024
£
14,711
14,711
33,999
33,999
(828)
33,171
47,882
47,882
47,882		 2023
£
14,053
14,053
37,589
37,589
(786)
36,803
50,856
50,856
50,856

Approved by the trustees on 31 August, 2024

Danielle Wilson Trustee 15/05/2025

Page 6

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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

Income

Volunteer help The value of any volunteer help received is not included in the accounts.

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 This includes any gain or loss on the sale of investments. investment assets

Page 7

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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.

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, 2024

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, 2024

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
£
5,695
5,695
Unrestricted
£
21,189
159,254
881
-
110
509
181,943		 2023
2023
£
£
3,928
3,928
163,848
163,848
167,776
167,776
2,526
2,526
172,667
172,667
175,193
175,193
(7,417)
(7,417)
(7,417)
(7,417)
-
-
(7,417)
(7,417)
58,273
58,273
50,856
50,856
Total
Total
2024
2023
£
£
5,695
3,928
5,695
3,928
Total
Total
2024
2023
£
£
21,189
30,382
159,254
125,030
881
7,160
-
-
110
924
509
352
181,943
163,848
Unrestricted
Funds
Total Funds

Page 10

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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
£
2,487
2,487
Unrestricted
£
158,948
17,388
3,229
7,731
828
188,124
2024
£
3,229
2024
£
151,801
5,746
157,548		 Total
Total
2024
2023
£
£
2,487
2,526
2,487
2,526
Total
Total
2024
2023
£
£
158,948
147,980
17,388
13,847
3,229
3,195
7,731
6,859
828
786
188,124
172,667
2023
£
3,195
2023
£
140,506
4,230
144,736

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, 2024

9 Tangible Fixed Assets

Cost or revaluation
As at 01 September, 2023
Additions
As at 31 August, 2024
Depreciation and impairment
As at 01 September, 2023
Depreciation charge for the year
As at 31 August, 2024
Net book values
As at 31 August, 2024
As at 31 August, 2023
10
Creditors:
amounts falling due within one year
2024
£
Accruals
828
828
11
Movement in funds
£
£
Unrestricted funds:
General funds
50,856
187,638
Total funds
50,856
187,638
12 Analysis of net assets between funds
Fixed assets
Net current assets
As at 01
September,
2023
Incoming
resources
(including
other
gains/losses)		 Equipment
£
23,239
3,887
27,126
9,186
3,229
12,415
14,711
14,053
£
(190,612)
(190,612)
£
14,711
33,171
47,882
Unrestricted
Funds
Resources
expended		 Total
£
23,239
3,887
27,126
9,186
3,229
12,415
14,711
14,053
2023
£
786
786
£
47,882
As at 31
August, 2024
47,882
£
14,711
33,171
Total
47,882

Page 12

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

13 Reconciliation of net debt

£
Cash and cash equivalents
37,589
37,589
Net debt
37,589
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as
2024
2024
Other
£
£
Operating leases with expiry date:
Pension commitments
2024
£
5,746
As at 01
September,
2023
Land and
Buildings
The pension cost charge to the charity
amounted to:		 Cash flows
£
(3,590)
33,999
(3,590)
33,999
(3,590)
33,999
follows:
2023
2023
Other
£
£
2023
£
4,230
As at 31
August, 2024
Land and
Buildings

14 Commitments

Page 13

Little Nippers Pre-School Statement of Cash Flows for the year ended 31 August, 2024

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		 2024
2023
£
£
(2,974)
(7,417)
3,229
3,195
42
30
298
(4,192)
(3,887)
(6,195)
(3,887)
(6,195)
-
-
(3,590)
(10,387)
37,589
47,976
33,999
37,589
33,999
37,589

Page 14

Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2024

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		 2024
£
5,695
5,695
21,189
159,254
881
-
110
509
181,943
187,638
2,487
2,487
2,487
151,801
5,746
641
759
158,948
16,542
-
846
17,388
3,229
2,741
3,487
1,005
499
10,961
Unrestricted
Funds		 2024
2023
£
£
5,695
3,928
5,695
3,928
21,189
30,382
159,254
125,030
881
7,160
-
-
110
924
509
352
181,943
163,848
187,638
167,776
2,487
2,526
2,487
2,526
2,487
2,526
151,801
140,506
5,746
4,230
641
2,395
759
849
158,948
147,980
16,542
13,163
-
-
846
684
17,388
13,847
3,229
3,195
2,741
1,767
3,487
3,022
1,005
1,621
499
449
10,961
10,054
Total Funds
Total Funds

Page 15

Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2024

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		 828
828
188,124
190,612
-
(2,974)
(2,974)
-
(2,974)
50,856
47,882		 828
828
188,124
190,612
-
(2,974)
(2,974)
-
(2,974)
50,856
47,882		 786
786
172,667
175,193
-
(7,417)
(7,417)
-
(7,417)
58,273
50,856

Page 16

Little Nippers Pre-School

Charity Number 1036702

Trustees' Report and Unaudited Accounts

31 August, 2024

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, 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number 1036702

Principal Office

The Python Hill Academy 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 7.30am and 8.45. The PreSchool is run by a voluntary Management Committee who ensures that Pre-School stays rooted in our community and reflects the needs of the children. The Pre-school was OFSTED inspected in July 2024, and we received the rating GOOD!

FINANCIAL REVIEW

The accounts for the period 01-09-2023 to 31-08-2024 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. We also review the cost of the pre-school uniform every April. Finances will continue to be reviewed at every committee meeting with particular consideration given to staffing levels and staff: children ratio. There are currently 8 members of staff on a day to day basis, and we have 2 bank staff on our payroll at this moment in time.

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 15/05/2025

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, 2024 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 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

15/05/2025

Page 4

Little Nippers Pre-School

Statement of Financial Activities for the Year Ended 31 August, 2024

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		 2024
£
5,695
181,943
187,638
2,487
188,124
190,612
0
(2,974)
-
(2,974)
-
(2,974)
50,856
47,882
Unrestricted
Funds		 2024
2023
£
£
5,695
3,928
181,943
163,848
187,638
167,776
2,487
2,526
188,124
172,667
190,612
175,193
0
0
(2,974)
(7,417)
-
-
(2,974)
(7,417)
-
-
(2,974)
(7,417)
50,856
58,273
47,882
50,856
Total Funds
Total Funds

Page 5

Little Nippers Pre-School

Balance Sheet as at 31 August, 2024

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		 2024
£
14,711
14,711
33,999
33,999
(828)
33,171
47,882
47,882
47,882		 2023
£
14,053
14,053
37,589
37,589
(786)
36,803
50,856
50,856
50,856

Approved by the trustees on 31 August, 2024

Danielle Wilson Trustee 15/05/2025

Page 6

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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

Income

Volunteer help The value of any volunteer help received is not included in the accounts.

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 This includes any gain or loss on the sale of investments. investment assets

Page 7

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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.

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, 2024

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, 2024

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
£
5,695
5,695
Unrestricted
£
21,189
159,254
881
-
110
509
181,943		 2023
2023
£
£
3,928
3,928
163,848
163,848
167,776
167,776
2,526
2,526
172,667
172,667
175,193
175,193
(7,417)
(7,417)
(7,417)
(7,417)
-
-
(7,417)
(7,417)
58,273
58,273
50,856
50,856
Total
Total
2024
2023
£
£
5,695
3,928
5,695
3,928
Total
Total
2024
2023
£
£
21,189
30,382
159,254
125,030
881
7,160
-
-
110
924
509
352
181,943
163,848
Unrestricted
Funds
Total Funds

Page 10

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

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
£
2,487
2,487
Unrestricted
£
158,948
17,388
3,229
7,731
828
188,124
2024
£
3,229
2024
£
151,801
5,746
157,548		 Total
Total
2024
2023
£
£
2,487
2,526
2,487
2,526
Total
Total
2024
2023
£
£
158,948
147,980
17,388
13,847
3,229
3,195
7,731
6,859
828
786
188,124
172,667
2023
£
3,195
2023
£
140,506
4,230
144,736

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, 2024

9 Tangible Fixed Assets

Cost or revaluation
As at 01 September, 2023
Additions
As at 31 August, 2024
Depreciation and impairment
As at 01 September, 2023
Depreciation charge for the year
As at 31 August, 2024
Net book values
As at 31 August, 2024
As at 31 August, 2023
10
Creditors:
amounts falling due within one year
2024
£
Accruals
828
828
11
Movement in funds
£
£
Unrestricted funds:
General funds
50,856
187,638
Total funds
50,856
187,638
12 Analysis of net assets between funds
Fixed assets
Net current assets
As at 01
September,
2023
Incoming
resources
(including
other
gains/losses)		 Equipment
£
23,239
3,887
27,126
9,186
3,229
12,415
14,711
14,053
£
(190,612)
(190,612)
£
14,711
33,171
47,882
Unrestricted
Funds
Resources
expended		 Total
£
23,239
3,887
27,126
9,186
3,229
12,415
14,711
14,053
2023
£
786
786
£
47,882
As at 31
August, 2024
47,882
£
14,711
33,171
Total
47,882

Page 12

Little Nippers Pre-School Notes to the accounts for the year ended 31 August, 2024

13 Reconciliation of net debt

£
Cash and cash equivalents
37,589
37,589
Net debt
37,589
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as
2024
2024
Other
£
£
Operating leases with expiry date:
Pension commitments
2024
£
5,746
As at 01
September,
2023
Land and
Buildings
The pension cost charge to the charity
amounted to:		 Cash flows
£
(3,590)
33,999
(3,590)
33,999
(3,590)
33,999
follows:
2023
2023
Other
£
£
2023
£
4,230
As at 31
August, 2024
Land and
Buildings

14 Commitments

Page 13

Little Nippers Pre-School Statement of Cash Flows for the year ended 31 August, 2024

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		 2024
2023
£
£
(2,974)
(7,417)
3,229
3,195
42
30
298
(4,192)
(3,887)
(6,195)
(3,887)
(6,195)
-
-
(3,590)
(10,387)
37,589
47,976
33,999
37,589
33,999
37,589

Page 14

Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2024

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		 2024
£
5,695
5,695
21,189
159,254
881
-
110
509
181,943
187,638
2,487
2,487
2,487
151,801
5,746
641
759
158,948
16,542
-
846
17,388
3,229
2,741
3,487
1,005
499
10,961
Unrestricted
Funds		 2024
2023
£
£
5,695
3,928
5,695
3,928
21,189
30,382
159,254
125,030
881
7,160
-
-
110
924
509
352
181,943
163,848
187,638
167,776
2,487
2,526
2,487
2,526
2,487
2,526
151,801
140,506
5,746
4,230
641
2,395
759
849
158,948
147,980
16,542
13,163
-
-
846
684
17,388
13,847
3,229
3,195
2,741
1,767
3,487
3,022
1,005
1,621
499
449
10,961
10,054
Total Funds
Total Funds

Page 15

Little Nippers Pre-School Detailed Statement of Financial Activities for the year ended 31 August, 2024

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		 828
828
188,124
190,612
-
(2,974)
(2,974)
-
(2,974)
50,856
47,882		 828
828
188,124
190,612
-
(2,974)
(2,974)
-
(2,974)
50,856
47,882		 786
786
172,667
175,193
-
(7,417)
(7,417)
-
(7,417)
58,273
50,856

Page 16