2024-07-31-accounts

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Trustees’ Annual Report for the period

From Period start date 1[st] August 2023 To Period end date 31[st] July 2024

Charity name: Broome and Ditchingham Preschool

Charity registration number: 1037364

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To provide preschool education and social development for children aged 2-4.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Preschool provides a term-time preschool service for children aged 2 to 4 from Broome, Ditchingham and surrounding villages. Places are available with funding from Norfolk County Council or through private fees.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit and are confident that the preschool complies with these requirements.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP
	reference
		N/A
Policy on grant making	Para 1.38


Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	The Preschool is overseen by volunteer trustees.
Other		N/A
Achievements and Performance
	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In September 2023, the Preschool had 23 children on role and rising to 28 in April 24. We offered a maximum of 27 hours a week per child. In 2023 the Preschool continues to use the Platinum Jubilee Annexe of Ditchingham Village Hall – which means the children had a dedicated space and could therefore enjoy greater flexibility and longer hours. Key achievements for the year included: ● Contacted a variety of organisations and people in our community who could visit our setting to offer a wide variety of experiences for the children, for example, fire service, animal sanctuary, dental health educator, local farmers

●	Our staff team attended training
	‘Understanding Behaviour and Co-
	regulation' and we spent a significant
	amount of time developing our practice,
	strategies and policies to ensure we
	were all responding and supporting
	children to co-regulate in a consistent
	way that reflects current research
●	Our staff team attended training on
	‘Norfolk Graded Profile’ which
	developed our knowledge on how to
	support and respond to families who
	are experience difficulties and may
	need signposting to additional
	resources
●	Developed a ‘calm’ zone for children
	who were struggling to regulate
	emotions and were becoming
	overwhelmed.
●	Used additional services (Schools and
	Community Team) to support us in
	preparing children for school, through
	some small group interventions,
	focusing on language and speech
	sounds
	●We have worked on developing
	confidence of early years
	practitioners on our curriculum

Additional information (optional)

You may choose to include further statements where relevant about:

N/A Achievements against objectives set Para 1.41 N/A

Performance of fundraising activities against objectives set Para 1.41 N/A Investment performance against objectives Para 1.41 N/A Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial year, the charity had income of £75,119 and expenditure of £69,173. This led to an operational surplus of £5,947, and the charity retained a positive balance of£31,038including free reserves. This was pleasing and provided us with financial stability. The increased income is a result of changes to funding and increase in children attending and hours we are open for.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Preschool aims to hold reserves equivalent to a minimum of three months’ running costs (approximately £15,000). This is to enable us to pay staff, bills and if necessary, reimburse fees in the event of unforeseen closure. We also aim for our reserves to provide us with a financial ‘buffer’ whereby we can subsidise staff salaries / rent etc if numbers of children are low. We review our reserves levels and position annually as part of our AGM. At year end for 2023- 2024, reserves levels were £15,000.This was equivalent to our reserves target, and trustees agreed that surplus income from the activities could be designated to bolster this amount each year further, due to increased monthly expenditure on salaries of 10% and increased rent.
Amount of reserves held	Para 1.22	£15,000 August 24 in CAF
Reasons for holding zero reserves	Para 1.22	NA
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional) You may choose to include further statements where relevant about: N/A The charity’s principal sources of funds (including any fundraising) Para 1.47 N/A Investment policy and objectives including any social investment policy adopted Para 1.46 N/A A description of the principal risks facing the charity Para 1.46 N/A Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated charitable association.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are voted in each year at the Preschool’s AGM for one year. Retiring officers and committee members are eligible for re-election.

Additional information (optional) You may choose to include further statements where relevant about:

N/A Policies and procedures adopted for the induction and training of trustees Para 1.51 N/A The charity’s organisational structure and any wider network with which the charity works Para 1.51 N/A

Relationship with any related parties Para 1.51 N/A Other

Reference and Administrative details

Charity name	Broome and Ditchingham Preschool
Other name the charity uses	NA
Registered charity number	1037364
Charity’s principal address	Ditchingham Village Hall - Platinum Jubilee Annexe Loddon Road Ditchingham BUNGAY NR35 2QN

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Tonya Fisher	Chair	October 2022
Lauren Raven	Treasurer	September 2022
Suzannah Goodfellow	Secretary	March 2020
Simone Heywood	Trustee	August 2022
Laura Myatt	Trustee	January2020
Ruth Dunning	Trustee	September 2022

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
NA

Funds held as custodian trustees on behalf of others

Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for NA safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

	Type of adviser Name Address	Type of adviser Name Address	Type of adviser Name Address
	A



	Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None

Other optional information

NA

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees Tonya Fisher Signature(s) Lauren Raven Tonya Fisher Full name(s) Lauren Raven Position (eg Treasurer Chair Secretary, Chair, etc) Date 22/01/2024

Unaudited Financial Statements Broome & Ditchingham Preschool For the year ended 31 July 2024

3 Client Approval Statement
4 Independent examiner’s report
5 Statement of Financial Activities
6 Balance Sheet
7 Notes to the Financial Statements
8 Detailed Profit and Loss

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Unaudited Financial Statements Broome & Ditchingham Preschool

Client Approval Statement

Broome & Ditchingham Preschool For the year ended 31 July 2024

I approve the financial statements which comprises the Statement of Financial Activities, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing MRM accountants Ltd with all information and explanations necessary for their compilation.

Lauren Raven

..................................................

On Behalf of Broome & Ditchingham Preschool

13 May 2025 Page 3 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Independent examiner’s report

Broome & Ditchingham Preschool For the year ended 31 July 2024

Independent examiner’s report to the trustees of Broome & Ditchingham Preschool

I report on the charity trustees on my examination of the accounts for the year ended 31 July 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 s. 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s. 145(5)(b) of the Act.

Independent examiner’s statement

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Matthew Murray FCCA

MRM Accountants Ltd

13 May 2025 Page 4 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Statement of Financial Activities

Broome & Ditchingham Preschool

For the year ended 31 July 2024

	UNRESTRICTED	RESTRICTED	TOTAL FUNDS	TOTAL FUNDS
	FUNDS	INCOME FUNDS	2024	2023
Incoming resources
Donations and legacies	3,058	-	3,058	2,709
Charitable activities	72,024	-	72,024	66,161
Other	37	-	37	428
Total Incoming resources	75,119	-	75,119	69,298
Resources expended
Charitable Activates	65,537	-	65,537	58,993
Other	3,321	-	3,321	3,030
Total Resources expended	68,858	-	68,858	62,023
Net movement in funds	6,261	-	6,261	7,275
Total funds brought forward	6,261	-	6,261	7,275
Total funds carried forward	12,523	-	12,523	14,551

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Unaudited Financial Statements Broome & Ditchingham Preschool

Balance Sheet

Broome & Ditchingham Preschool

As at 31 July 2024

Balance Sheet Broome & Ditchingham Preschool As at 31 July 2024
	NOTES	31 JUL 2024	31 JUL 2023
Current assets
Debtors		5,703	-
Cash at bank and in hand		25,954	26,073
Total current assets		31,657	26,073
Creditors: amounts falling due withinone year
Other taxes and social security		304	199
Other creditors		-	782
Total creditors: amounts falling due within one year		304	982
Net current assets (liabilities)		31,353	25,092
Total assets less current liabilities		31,353	25,092
Net assets (liabilities)		31,353	25,092
Funds of the Charity
Unrestricted funds		31,353	25,092
Total funds		31,353	25,092

Signed by one or two trustees on behalf of all the trustees L Raven

___ ___Name Lauren Raven

Date 14/5/2025

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Unaudited Financial Statements Broome & Ditchingham Preschool

Notes to the Financial Statements

Broome & Ditchingham Preschool For the year ended 31 July 2024

1. 1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
and with Financial Reporting Standards for Smaller Enterprises (FRSSE);
• and with the Charities Act.

1. 2 Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.

1. 3 Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

	2024	2023
2. Debtors
Trade debtors	5,703	-
Total debtors	5,703	-
	2024	2023
3. Creditors
Other taxes and social security	304	199
Other creditors	-	31
Total creditors: amounts falling due within one year	304	231

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Unaudited Financial Statements Broome & Ditchingham Preschool

Detailed Profit and Loss

Broome & Ditchingham Preschool For the year ended 31 July 2024

Detailed Profit and Loss Broome & Ditchingham Preschool For the year ended 31 July 2024	Detailed Profit and Loss Broome & Ditchingham Preschool For the year ended 31 July 2024
NOTES 2024 2023
Sales
2Yr Working parent funding 15,925 17,800
3/4 Yr universal funding 44,649 37,200
EYPP Income 1,129 1,306
Fees 9,637 8,153
LEA Funding - 150
Lottery Fundraising 560 516
Uniform Sales 125 435
Total Sales 72,024 65,561 Cost of Sales
Purchases 1,454 2,326
Total Cost of Sales 1,454 2,326
Gross Profit 70,571 63,235 Other Income
Fundraising & Donations 3,058 2,709
Grant income - 600
Interest Income 37 128
Other Revenue - 300
Total Other Income 3,095 3,738 Expenses
	Establishment Expenses
	Equipment 1,306 764
	Garden Supplies - 241
	Rent 7,769 6,477
	Repairs & Maintenance 25 2
	Total Establishment Expenses 9,100 7,484 Staff Costs
	Pensions Costs 820 499
	Salaries 54,029 48,488
	Staff Training 75 135
	Total Staff Costs 54,923 49,122 Legal and Professional Fees
	Audit & Accountancy fees 786 630
	Legal Expenses 263 375
	Ofsted 50 50
	Total Legal and Professional Fees 1,099 1,055

Finance Charges

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Unaudited Financial Statements Broome & Ditchingham Preschool

Detailed Profit and Loss

	NOTES 2024 2023
	Bank Fees 60 60
	Total Finance Charges 60 60 General Administration
	Advertising & Marketing 242 215
	Bad Debts - 157
	DBS checks 124 74
	General Expenses 304 175
	Health & Safety 329 179
	Insurance 813 781
	Postage & Stationery 6 299
	Subscriptions 404 -
	Sundry Expenses - 56
	Telephone & Internet - 40
	Total General Administration 2,222 1,975
	Total Expenses 67,404 59,697
Operating Profit (Loss) 6,261 7,275
Profit (Loss) on Ordinary Activities before Taxation 6,261 7,275
Net Profit (Loss) for the Period 6,261 7,275

13 May 2025 Page 9 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Unaudited Financial Statements Broome & Ditchingham Preschool For the year ended 31 July 2024

3 Client Approval Statement
4 Independent examiner’s report
5 Statement of Financial Activities
6 Balance Sheet
7 Notes to the Financial Statements
8 Detailed Profit and Loss

13 May 2025 Page 2 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Client Approval Statement

Broome & Ditchingham Preschool For the year ended 31 July 2024

Lauren Raven

..................................................

On Behalf of Broome & Ditchingham Preschool

13 May 2025 Page 3 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Independent examiner’s report

Broome & Ditchingham Preschool For the year ended 31 July 2024

Independent examiner’s report to the trustees of Broome & Ditchingham Preschool

I report on the charity trustees on my examination of the accounts for the year ended 31 July 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’).

Independent examiner’s statement

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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.

Matthew Murray FCCA

MRM Accountants Ltd

13 May 2025 Page 4 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Statement of Financial Activities

Broome & Ditchingham Preschool

For the year ended 31 July 2024

	UNRESTRICTED	RESTRICTED	TOTAL FUNDS	TOTAL FUNDS
	FUNDS	INCOME FUNDS	2024	2023
Incoming resources
Donations and legacies	3,058	-	3,058	2,709
Charitable activities	72,024	-	72,024	66,161
Other	37	-	37	428
Total Incoming resources	75,119	-	75,119	69,298
Resources expended
Charitable Activates	65,537	-	65,537	58,993
Other	3,321	-	3,321	3,030
Total Resources expended	68,858	-	68,858	62,023
Net movement in funds	6,261	-	6,261	7,275
Total funds brought forward	6,261	-	6,261	7,275
Total funds carried forward	12,523	-	12,523	14,551

13 May 2025 Page 5 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Balance Sheet

Broome & Ditchingham Preschool

As at 31 July 2024

Balance Sheet Broome & Ditchingham Preschool As at 31 July 2024
	NOTES	31 JUL 2024	31 JUL 2023
Current assets
Debtors		5,703	-
Cash at bank and in hand		25,954	26,073
Total current assets		31,657	26,073
Creditors: amounts falling due withinone year
Other taxes and social security		304	199
Other creditors		-	782
Total creditors: amounts falling due within one year		304	982
Net current assets (liabilities)		31,353	25,092
Total assets less current liabilities		31,353	25,092
Net assets (liabilities)		31,353	25,092
Funds of the Charity
Unrestricted funds		31,353	25,092
Total funds		31,353	25,092

Signed by one or two trustees on behalf of all the trustees L Raven

___ ___Name Lauren Raven

Date 14/5/2025

13 May 2025 Page 6 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Notes to the Financial Statements

Broome & Ditchingham Preschool For the year ended 31 July 2024

1. 1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
and with Financial Reporting Standards for Smaller Enterprises (FRSSE);
• and with the Charities Act.

1. 2 Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.

1. 3 Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

	2024	2023
2. Debtors
Trade debtors	5,703	-
Total debtors	5,703	-
	2024	2023
3. Creditors
Other taxes and social security	304	199
Other creditors	-	31
Total creditors: amounts falling due within one year	304	231

13 May 2025 Page 7 of 9

Unaudited Financial Statements Broome & Ditchingham Preschool

Detailed Profit and Loss

Broome & Ditchingham Preschool For the year ended 31 July 2024

Detailed Profit and Loss Broome & Ditchingham Preschool For the year ended 31 July 2024	Detailed Profit and Loss Broome & Ditchingham Preschool For the year ended 31 July 2024
NOTES 2024 2023
Sales
2Yr Working parent funding 15,925 17,800
3/4 Yr universal funding 44,649 37,200
EYPP Income 1,129 1,306
Fees 9,637 8,153
LEA Funding - 150
Lottery Fundraising 560 516
Uniform Sales 125 435
Total Sales 72,024 65,561 Cost of Sales
Purchases 1,454 2,326
Total Cost of Sales 1,454 2,326
Gross Profit 70,571 63,235 Other Income
Fundraising & Donations 3,058 2,709
Grant income - 600
Interest Income 37 128
Other Revenue - 300
Total Other Income 3,095 3,738 Expenses
	Establishment Expenses
	Equipment 1,306 764
	Garden Supplies - 241
	Rent 7,769 6,477
	Repairs & Maintenance 25 2
	Total Establishment Expenses 9,100 7,484 Staff Costs
	Pensions Costs 820 499
	Salaries 54,029 48,488
	Staff Training 75 135
	Total Staff Costs 54,923 49,122 Legal and Professional Fees
	Audit & Accountancy fees 786 630
	Legal Expenses 263 375
	Ofsted 50 50
	Total Legal and Professional Fees 1,099 1,055

Finance Charges

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Unaudited Financial Statements Broome & Ditchingham Preschool

Detailed Profit and Loss

	NOTES 2024 2023
	Bank Fees 60 60
	Total Finance Charges 60 60 General Administration
	Advertising & Marketing 242 215
	Bad Debts - 157
	DBS checks 124 74
	General Expenses 304 175
	Health & Safety 329 179
	Insurance 813 781
	Postage & Stationery 6 299
	Subscriptions 404 -
	Sundry Expenses - 56
	Telephone & Internet - 40
	Total General Administration 2,222 1,975
	Total Expenses 67,404 59,697
Operating Profit (Loss) 6,261 7,275
Profit (Loss) on Ordinary Activities before Taxation 6,261 7,275
Net Profit (Loss) for the Period 6,261 7,275

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Unaudited Financial Statements Broome & Ditchingham Preschool

Trustees’ Annual Report for the period

Charity name: Broome and Ditchingham Preschool

Charity registration number: 1037364

Objectives and Activities

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional)

You may choose to include further statements where relevant about:

Financial Review

Structure, Governance and Management

Additional information (optional) You may choose to include further statements where relevant about:

Reference and Administrative details

Funds held as custodian trustees on behalf of others

Additional information (optional)

Names and addresses of advisers (Optional information)

Exemptions from disclosure

Other optional information

NA

Declarations

Contents

Client Approval Statement

Broome & Ditchingham Preschool For the year ended 31 July 2024

Lauren Raven

Independent examiner’s report

Broome & Ditchingham Preschool For the year ended 31 July 2024

Independent examiner’s report to the trustees of Broome & Ditchingham Preschool

Responsibilities and basis of report

Independent examiner’s statement

Statement of Financial Activities

Broome & Ditchingham Preschool

For the year ended 31 July 2024

Balance Sheet

Broome & Ditchingham Preschool

As at 31 July 2024

Notes to the Financial Statements

Broome & Ditchingham Preschool For the year ended 31 July 2024

1. 1 Basis of accounting

1. 2 Recognition of income

1. 3 Grants and donations

Detailed Profit and Loss

Broome & Ditchingham Preschool For the year ended 31 July 2024

Finance Charges

Contents

Client Approval Statement

Broome & Ditchingham Preschool For the year ended 31 July 2024

Lauren Raven

Independent examiner’s report

Broome & Ditchingham Preschool For the year ended 31 July 2024

Independent examiner’s report to the trustees of Broome & Ditchingham Preschool

Responsibilities and basis of report

Independent examiner’s statement

Statement of Financial Activities

Broome & Ditchingham Preschool

For the year ended 31 July 2024

Balance Sheet

Broome & Ditchingham Preschool

As at 31 July 2024

Notes to the Financial Statements

Broome & Ditchingham Preschool For the year ended 31 July 2024

1. 1 Basis of accounting

1. 2 Recognition of income

1. 3 Grants and donations

Detailed Profit and Loss

Broome & Ditchingham Preschool For the year ended 31 July 2024

Finance Charges