Charity Registration number 1039597 STARLINGS PRE-SCHOOL Report and Accounts 31 August 2024 STARLINGS PRE-SCHOOL Charity Infomiation 31.8.2024 Trustees Chal￿ersOn 8ethan Collier Secretary Sarah Haydon Treasurer Bryonie Bozhilov Manager Lesley Rust Accountant M J Twissell Chartered Accountant Kenward House High Street Hartley Wintney Hants RG27 8NY Registered Number 1039597 Correspondence Address Haydn Road Brighton Hill Basingstoke Hampshire RG22 4DH Bankers Royal Bank of Scotland Basingstoke Hants Correspondence Address Haydn Road Brighton Hill Basingstoke Hants RG22 4DH STARLINGS pRE￿CHOOL TRUSTEES, REPORT FOR THE YEAR ENDING 31 AUGUST 2024 The trustees are pleased to present their ￿port together with the financial statements of the charity for year ended 31 August 2024. Structure ovemance and mana ement Starlings Pre-school is an unincorporated charity govemed by its Trust Deed (adopted 21104194, amended 05111199, 0210812016). It is registered with the Charities Commission. The pre-school is run by a committee who meet at least twice a year and is responsible for ensuring that it complies with its aims and is propedy managed. The committee should consist of: a) 3 officers (Chair. Treasurer and Secretary) b) Not less than 2 nor more than 9 elected members c) If the committee so decides it can co-opt up to 3 further members on to the committee at any time after the AGM. At least 60Vo of the committee member5, including co-opted members, shall at the time of election or co-option be parents or guardians of the children in groups run by the pre-school. The officers and committee members are elected for one year at the Annual General Meeting. Retiring officers and committee membets a￿ eligible for re-election unless they have already served on the committee in any capacity forten consecutive years. c￿opted members may join at any time on the invitalion of the committee but shall retire at the next Annual general meeting. No co-opted member shall serve for more than six consecutive years. The trustees have examined the major strategic, business and operational risks which the charily faces and confirm Ihat systems have been established to enable regular reports to be produced so that Ihe necessary steps can be taken to lessen Ihese risks. Objectives and activities for the public benefit The aim of the pre-school is to enhance development and education of children under statutory school age by encouraging parents to uThJetstand and provide for the needs of their children through community groups and by: a) Offering appropriate play facilities and training courses. together wÈth the right of parents to take respDnsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunFiies for all chlldren. reganlless of race. Gutture. religion, means or abilty. b) Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local a￿a. c) Instigating and adhering to and furthering Ihe aims and objectives of Ihe Pre-school leaming alliance. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives for the year. Financial review The trustees have reviewed the financial position at the end of Ihe year and consider it to be good. It is the policy of the charity to maintain unrestricled funds. which a￿ the free ￿SerVeS of Ihe charity, at a level which equates to a minimum of four months Un￿strICted expenditure. This provides funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to tiffle. At the end of the year there were just under three months of unrestricted funds in the account. Trustees, responsibilities in relation to the financial statements Charity law ￿qUIreS the trustees to prepare financial statements that give a true and fair view of the state of affairs of th8 charity at the end of the financial year and of its surplus or defirAt for the financial year. In doing so the trustees are required to: a) Select suitable accounting policies and Ihen apply Ihem consislenlly b) Make judgements and estimates thal are reasonable and prudent. and c) Prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the charity will continue in business. The trustees are responsible for maintaining proper 8ccounling recortis which disclose wtth reasonable accuracy at the time the financtal position of the charity and en8ble them to ensure that the financial statements comply wth the Charities Act 2011. The tnjstees are also responsible for Safeguar￿ing the assets of the chaiity and hence are tsking responsible steps for the prevention and detection of fraud and other irregularities. By the order of the trustees: Bethan Collier Chairperson Date STARLINGS PRE-SCHOOL Independent examinerfs report on the accounts Year ended 31 August 2024 STARLINGS PRE4CHOOL The chartiy's trustees are responsible for the preparation of the accounts. The charlly's truslees consider that an audit is nol required for Ihis year under s 144 of the Charities Act 2011 ( the Charities Act) and that an Independenl Examination is needed. l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England & Wales. It is my responsibiliy to.. Examine the accounts under s145 of the Charities Act and to follow the procedures laid down in the general Directions given by the Charity Commission under s 145(5)(b) of the Charities Act and to state whether particular mattters have come to my attention. My examination was carried out in accordantx wtth general Directions given by the Charity Commission. An examination indudes a ￿VIeW of the accounting records kept by the charity and a comparison of the accounts presented with those reCO￿S. It also indudes consideration of any unusual items or disclosu￿$ in the accounts and seeking explanations from the trustees conceming such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, no opinion is given as to whether the accounts present a True and Fair view and the report is limited to those matters set out in the statement below. In Gonnection with my examination, no matter has come to my attention which gives me reasonable cause to believe thal in any material respect. the requirements to keep accounting records in accordance wilh s130 of the Charilies Act and to prepare accourrts which accord with the acGounling records and Gomply with the accounting requirements of the CharÉties Act. have not been met, or to which in my opinion, attenlion should have been draym in order to enable a proper understandino of the accounts io be reached. M J Twissell Chartered Accountant Dated 2510312025 Kenward House High Street Hartley Wintney Hants RG27 8NY STARLINGS PRE-SCHOOL Balance Sheet as at 31 August 2024 Notes 2024 2023 Fixed assets Tangible assets 9.797 2.114 Current assets Deblors Cash at bank and in hand 4.906 123,955 128.861 11.156 77.871 89,027 Creditors: amounts falling due within one year (5.830) (6,619) Net current assets 123,031 82,408 Net assets 132,828 84.522 Unrestricted funds General 132.828 84.522 Total funds 132,828 84,522 Approved by the Trustee5 on ￿5-￿- 15 Chairper50n Bethan Collier STARLINGS PRE-SCHOOL Notes to the Accounts for the year ended 31 August 2024 1 Accounting policies Basls of preparation These accounts have been prepared under the historical c051 convenlion wtth Items recognlsed al cost or transaction value unless Othe￿Ise stated in the relevant notes to these accounts. The accounts have been p￿Pared in accordance with the Stalement of Recommended Practice, Accounting and Reporting by'charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) issued on 16 July 2014 and with the Chartties Act 2011 The principal accounting policies adopted in the preparation of the financial statements are as follows: Going Concern No material uncertainties that may cast significant doubt atN)ut the abillty of the charity to continue as a going concern have been identified by the trustees. Therefore, the accounts have been prepared on a going con￿rn basis. Fee income Fee income is recognised in the period to which the fees paid relates. Donations and grants Income from donations and grants including capital grants, is included in incoming resources when these are receivable. Interest receivable is included when received by the charity. Resources expended Resour￿5 expended are included on an accruals basis indusive of any VAT which Gannot be recovered Certain expenditure is directly attributable to specific activtties and has been included in those cost categories. Certain other costs which are attributable to more than one activity are apportioned across cosi categories on the basis of an estimate of the proprtion of time spent by staff on those activities Governanace costs comprise the legal and administrative cost of running the charity as a legal entity. Foreign currencles Transactions in foreign currencies are recorde(l al the rate ruling at the date of the transaction. Monetary assets and liabilFties denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. Leases Rentals payable under operating leases are charged to the statement of Financial Activities as incurred over the temi of the lease. Tangible flxed assets and depreciati.on Individual assets costing £500 or more are capitalised al cost. Tangible assets are depreciated on a straight line basis over their estimated useful live5 as follows: Fixtures, fittings & equipment 250/0 Straight line STARLINGS PRE-SCHOOL Notes to the Accounts for the year ended 31 August 2024 2 Grants EYE grant 2024 252,312 2023 243,668 252 312 243,668 3 Staff 2024 2023 No employee earned more than £60.000 pa Number of employees ( including casu81 and part time staffj during the year 10 10 4 Tangible fixed assets Fixtures, fittings & eqpt Cost Al 1 September 2023 Additions 34.704 12,183 46,887 Al 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 32,590 4,500 37,090 Net book value At 31 August 2024 9,797 At 31 August 2023 2,114 S Debtors 2024 2023 Trade debtors Other debtors 3.664 1,242 4,906 9,600 1,558 11,156 STARLINGS PRE-SCHOOL Notes to the Accounts for the year ended 31 August 2024 6 Creditors.. amounts falling due within one year 2024 2023 Accruals and deferred income 5,830 6,619 7 Income and Expenditure account 2024 Unrestricted General funds At 1 September 2023 Proftt for the year 84,522 48,306 At 31 August 2024 132,828 8 Other flnancial commitments 2024 2023 At Ihe year end the charity had annual commitments under non- cancellable operating leases as sel out below: Operating leases which expire within two to ten year5 20,025 20,025 STARLINGS PRE-SCHOOL Income & Expenditure account for the year ended 31 August 2024 2024 2023 Incoming resources 289,062 265,936 Cost of generating funds (2.058) (1.365) Gross profit 287,004 264,571 Running costs Govemance costs Operating profit (237,077) (1,621) 48,306 (241,448) (2.224) 20,901 Pmfit (Loss ) for the year 48,306 20,901 STARLINGS PRE-SCHOOL Detailed Income and Expenditure account for the year ended 31 August 2024 2024 2023 Activities for generating funds Fund raising events Clothing Meals Investment income 1,431 622 1,321 203 1,553 543 532 Incoming resources from charitable activilies Fees Grants 33,173 252,312 289,062 18,640 244,668 265,936 RESOURCES EXPENDED Cost of generating funds Trips Clothing Meals Other direct costs Milk 468 993 318 279 152 1,213 2,058 1 ,365 Running costs Vvages and sa18ries Payroll charges Pensions Employers Nl Refreshments Crafts stationery and books Rent Equipment expensed Cleaning, first aid and service charges Postage, advertising and subscriptions Telephone and photocopying Miscellaneous staff training and welfare Depreciation 172.661 755 1,832 6.585 1,618 1,741 388 189,364 794 1,492 1.433 533 592 18,913 2,713 1,919 1,333 1,145 1,660 1,087 1,454 224,432 5,005 2.891 1.304 1.305 4,367 4.500 204.952 Premises costs: Rent Rates SeNice charges 18,575 912 10,008 29,495 8,381 7,157 15,538 General adminisirative expenses: Bank charges Insurance Repair5 and maintenance Bad debts & write off fees due bfv Sundry expenses 926 333 229 1,000 243 1.371 2,630 1,476 10 STARLINGS PRE-SCHOOL Detailed Income and Expenditure account for the year ended 31 August 2024 2024 2023 Govemance costs Independent examination fee Bookkeeping Advertising and PR Olher legal and professional 1.320 (120) 110 311 1,621 1,560 253 411 2,224 238.698 243,670 11