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2024-08-31-accounts

Orchard Preschool & Playgroup Charity Number: 1036897 Trustees Annual Report

Financial Year Ending 31st August 2024

Charity address: Lustleigh Village Hall, Lustleigh, Newton Abbot Devon TQ13 9TA

We are a parent-involving community-based group providing a safe, secure and stimulating environment for children. The pre-school offers a tailored curriculum promoting the importance of play in the development of the child. Session themes centre around the natural environment with regular sessions held in our purpose made nature garden.

Structure, Governance & Management

Objectives and Activities

The aims of the Pre-school, as set out in our constitution, are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:

In planning our activities for the year, we kept in mind the Charity Commission's guidance on public benefit at our trustee meetings. The focus for our activities remains centred on delivering the early years foundation stage with a

special emphasis on nature inspired learning through play. This benefits the children as they develop their social and emotional skills in an exciting and engaging environment, exploring the natural world through play.

We have no religious affiliation and are open and welcome to all children and their families. We have excellent facilities and can accommodate children with disabilities and special educational needs. We seek to involve parents, carers and the wider community in the pre-school and playgroup, and hold termly activities directly involving the local community.

We are very grateful to our parent volunteers who work very hard and make a big contribution to the overall running of the pre-school and playgroup. The pre-school and playgroup are overseen by a management committee made up of parent volunteers. The management committee are responsible for assisting recruitment and retention of staff, the pre-school and playgroups finances and equipment, and ensuring the welfare of all children in attendance. The Committee forms the 'registered person' for Ofsted and has overall responsibility for ensuring all legal requirements are met. Parent volunteers are involved in the pre-school and playgroup in many other ways, from organising fundraisers, sharing hobbies and interests with the children, clearing out the cupboard to helping in the garden.

Trustees

The following trustees resigned in the year: Rosanna Stamp and Melinda Blackmore

Management

Safeguarding

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and safeguarding. All Trustees, staff and regular helpers are required to maintain a DBS certificate and complete any relevant training.

Reserves & Investments

Orchard Preschool and Playgroup adhere to the financial policies detailed in the Preschool Learning Alliance Model Constitution 2008. Our main financial objective is to create a sustainable and safe financial model that always protects all staff and volunteers and has a contingency plan in place should the organisation ever be in a position where it needed to close.

Committee and management report

Orchard Preschool & Playgroup commenced the 2023-24 academic year in September, with sessions running every Monday, Tuesday, Wednesday and Thursday from 8.30am un_l 4pm, a Breakfast Club star_ng at 7.30am and Aaer School Club un_l 5pm. The total number of registered children at the Preschool during the Autumn and Spring terms was 57, rising to 67 in the Summer term, although not all these children adend daily. The preschool is at full capacity with no inten_on of increasing.

The three children’s groups – Acorns (8 months – 2), Saplings (2-3) Oaks (aged 3-5) each have a dedicated group of staff and distinct play spaces to meet their age specific needs and development. The indoor space for these groups

is in the larger hall with divisions to increase cohesion, help build links between the groups and the smaller room available used as a dedicated sleeping space.

Our last Ofsted review was in May 2022 and we achieved Outstanding.

The increased cost of living and rising expenses, including the National Living Wage and retaining staff, purchasing food and snacks for the children, and the cost of using the Lustleigh Village Hall, meant that a plan to increase fees was needed to maintain the high standard of care and education provided.

Despite these higher costs, with careful management of the financial sustainability of the preschool, and fundraising through all available channels, we had a surplus for the financial year of £23,461. Further details and breakdown are at the end of this document.

Future planning:

We aim to continue to develop the charity’s provision by:

The Trustee Report 2023/2024 has been approved by the trustees on 26[th] June 2025 and signed on their behalf by the chairman, Jonathan Forbes Bialick.

Independent Examiner's Report to the Trustees of The Orchard Pre-School and Playgroup

Independent examiner's report to the trustees of The Orchard Pre-School and Playgroup

I report to the charity trustees on my examination of the accounts of The Orchard Pre-School and Playgroup (the Trust) for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I 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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.

Clare Lillington FMAAT

Accountancy Services Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE

Date: 28[th] June 2025

Page 4

The Orchard Pre-School and Playgroup

Statement of Financial Activities for the Year Ended 31 August 2024

31.8.24
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
332,357
Investment income
2
-
Total
332,357
EXPENDITURE ON
Charitable activities
Charitable
308,896
NET INCOME
23,461
RECONCILIATION OF FUNDS
Total funds brought forward
82,778
TOTAL FUNDS CARRIED FORWARD
106,239
31.8.23
Total
funds
£
281,882
5
281,887
238,689
43,198
39,580
82,778

Page 5

The Orchard Pre-School and Playgroup

Balance Sheet

31 August 2024

31.8.24
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
4
22,632
Cash at bank
99,391
122,023
CREDITORS
Amounts falling due within one year
5
(15,784)
NET CURRENT ASSETS
106,239
TOTAL ASSETS LESS CURRENT
LIABILITIES
106,239
NET ASSETS
106,239
FUNDS
6
Unrestricted funds
106,239
TOTAL FUNDS
106,239
31.8.23
Total
funds
£
22,612
60,616
83,228
(450)
82,778
82,778
82,778
82,778
82,778

The financial statements were approved by the Board of Trustees and authorised for issue on 26[th] June 2025 and were signed on its behalf by:

Jonathan Forbes Bialick Trustee

Page 6

The Orchard Pre-School and Playgroup

Notes to the Financial Statements

for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.8.24 31.8.23
£ £
Deposit account interest - 5

continued...

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The Orchard Pre-School and Playgroup

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Debtors 22,632 22,612
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade creditors 15,784 450
6. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£ £ £
Unrestricted funds
General fund 82,778 23,461 106,239
TOTAL FUNDS 82,778 23,461 106,239

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
332,357
332,357
Resources
Movement
expended
in funds
£
£
(308,896)
23,461
(308,896)
23,461

continued...

Page 8

The Orchard Pre-School and Playgroup

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.9.22
£
Unrestricted funds
General fund
39,580
TOTAL FUNDS
39,580
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
281,887
TOTAL FUNDS
281,887
Net
movement
At
in funds
31.8.23
£
£
43,198
82,778
43,198
82,778
Resources
Movement
expended
in funds
£
£
(238,689)
43,198
(238,689)
43,198

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

Page 9

The Orchard Pre-School and Playgroup

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

Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
31.8.24 31.8.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Fees - parents & outings 214,330 169,857
Fees - DCC 110,133 88,931
Milk refund 273 405
Fundraising 4,676 4,675
Grants - 4,843
Donations 2,945 13,171
332,357 281,882
Investment income
Deposit account interest - 5
Total incoming resources 332,357 281,887
EXPENDITURE
Charitable activities
Catering 5,077 4,551
Premises 9,310 9,401
Wages 270,256 206,843
Insurance & subscriptions 563 754
Equipment 9,245 4,135
IT equipment 954 161
Administration 4,081 2,937
Advertising - 50
Event expenses 583 1,674
Musikgarten 2,340 1,800
Training 1,025 1,308
Grants & donation expenditure 1,145 2,775
Cleaning & PPE 3,399 1,315
Miscellaneous 918 985
308,896 238,689
Total resources expended 308,896 238,689
Net income 23,461 43,198

Page 10