Registered Charity Number: 1040317
LADYBIRDS PRE SCHOOL PLAYGROUP
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31st August 2024
Ladybirds Pre School Playgroup Report and financial statements for the year ended 31[st] August 2024
CONTENTS
| Page | |
|---|---|
| Legal Information | 2 |
| Trustees’ Report | 3-4 |
| Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8-9 |
Page | 1
Ladybirds Pre School Playgroup
LEGAL INFORMATION
| Registered Charity Number | 1040317 |
|---|---|
| Office Address | Ticehurst and Flimwell CEP School |
| Steellands Rise | |
| Ticehurst | |
| East Sussex | |
| TN5 7DH | |
| Chair | Mrs Karen Marr |
| Manager | Mrs Alison Mary Grinham |
| Bankers | National Westminster Bank PLC |
| 130 High Street | |
| Tonbridge | |
| Kent | |
| Independent Examiner | Susan Wilson FCCA |
| 117 Heath Way | |
| Northumberland Heath | |
| Erith, Kent, DA8 3LZ |
Page | 2
Ladybirds Pre School Playgroup
REPORT OF THE TRUSTEES for the year ended 31[st] August 2024
Objects, Organisation and Activities
Ladybirds aim is to enhance the education of children below compulsory school age in the Parish of Ticehurst by providing safe and satisfying group play in which the parents have the right to take part and by encouraging other activities through which parents may help their children. This is accomplished by offering affordable quality childcare and education in conjunction with other professionals.
Trustees’ Responsibilities
Ladybirds Pre School (or Ladybirds Playgroup (Ticehurst)) is governed by a Board of Trustees. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charity. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The charity’s Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to Public Benefit guidance published by the Charity Commission.
Structure, Governance and Management
The committee shall consist of 3 officers (Chairman, Secretary and Treasurer) and not less than 4 nor more than 9 other elected members, not more than 3 members co-opted by the committee. At least half of the committee at the time of election must be parents or guardians of children attending Ladybirds. The officers and members shall be elected for one year at the AGM.
The following Trustees served from 1 September 2023 until the date of this report, unless otherwise stated:
Karen Jane Marr –Chair Alison Bissett - Secretary Kate Warlow – Treasurer Charis Sawatzky Tracey Pecover Samantha Rabson Marcella Chambers Michelle Payne
Page | 3
Ladybirds Pre School Playgroup
REPORT OF THE TRUSTEES for the year ended 31[st] August 2024
Review of activities
Review of Activities Financial Year Ending 31[st] August 2024
Financial Review
Total incoming resources for the year were £535,814 (2023 - £376,167). Resources expended were £450,560 (2023 - £360,644), resulting in a net surplus of £85,254 (2023 net surplus - £15,523). At 31[st] August 2024 the charity had net current assets of £173,296 (2023 - £102,478) including cash of £145,138 (2023 – £44,139).
Reserves Policy
The Trustees have considered the reserves required to operate the charity and have concluded that it would be prudent to maintain unrestricted funds at a level sufficient to cover four months’ normal income and to provide funds for statutory compensation payments in the event of the charity closing. The Trustees consider that the level of unrestricted funds as at 31[st] August 2024 does not meet this objective.
Risk Assessment
The Trustees have assessed the risks to which the charity is exposed and have put in place measures and controls to mitigate the effects of such risks on the finances and general operation of the organisation.
This report was approved by the Trustees on 25th June 2025 and signed on their behalf:
Mrs K Marr Trustee
Page | 4
Ladybirds Pre School Playgroup
Independent Examiner’s Report
Report of the Independent Examiner to the Trustees on the Accounts of the Charity for the year ended 31[st] August 2024
I report on the financial statements of the charity on pages 7 to 9 which have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England and Wales, effective April 2005, revised in June 2008, under historical cost convention and the accounting policies set out on page 8.
Respective responsibilities of Trustees and Examiner
As described on page 3, the charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the charity is exempt from an audit under the Companies Act 2006. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
My responsibility is to review accounts upon the basis of the information supplied to me.
No Statement of Opinion
I have not carried out any audit procedures and have relied upon the information supplied to me by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit test or enquires, and consequently I do not express an audit or other assurance opinion on the view given by the accounts.
Susan Wilson FCCA 117 Heath Way Northumberland Heath Erith Kent DA8 3LZ
Page | 5
Ladybirds Pre School Playgroup
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st August 2024
The net incoming resources reflect the results of continuing activities for the year.
There were no recognised gains or losses other than those recorded in the Statement of Financial Activities.
| Notes Incoming resources Grants, Donations and similar incoming resources oESCC – Inclusion oIsend Bursary oEY Recovery oESCC Ukraine Support oApprenticeship Incentive oDAF Payment oNDNA (Maths Competition) Income from charitable activities Playgroup Fees 2 Income from activities to generate funds Bank interest Other Income Other Income Total incoming resources Costs of raising funds Charitable expenditure 3 Governance costs 4 Total resources expended Net income for the year Funds at the start of the year Prior year adjustment Funds at the end of the year |
Restricted Funds £ 0 9149 10350 0 3693 0 23192 21842 21842 |
Unrestricted Funds £ 0 506192 1364 5066 512622 0 428489 229 428718 |
Total 2024 0 9149 10350 0 0 3693 20 506192 1364 5066 535814 0 450331 229 450560 |
Total 2023 £ 0 0 6000 3000 500 828 250 365302 243 44 |
|---|---|---|---|---|
| 376167 0 359974 670 |
||||
| 360644 | ||||
| 1350 4000 5350 |
83904 74274 158178 |
85254 78274 1 163529 |
15523 62720 31 |
|
| 78274 |
Page | 6
Ladybirds Pre School Playgroup
BALANCE SHEET AS AT 31st August 2024
| Notes Fixed Assets Current Assets Debtors 6 Current account (incl Petty cash) Reserve Accounts Prepaid Expense Total Assets Creditors 7 Total Assets Less Current Liabilities Funds Restricted funds 8 Unrestricted funds |
2024 2023 £ £ £ £ 4652 0 27938 58118 3047 11911 142091 32228 145138 44129 220 220 177948 102477 (14419) (24203) 163529 78274 5350 4000 158179 74274 163529 78274 |
2024 2023 £ £ £ £ 4652 0 27938 58118 3047 11911 142091 32228 145138 44129 220 220 177948 102477 (14419) (24203) 163529 78274 5350 4000 158179 74274 163529 78274 |
|---|---|---|
| 102477 | ||
| (24203) 78274 |
||
| 4000 74274 |
||
| 78274 |
The notes on pages 8 and 9 form part of these financial statements
These financial statements were approved by the Trustees on 27th June 2025 and signed on their behalf.
Mrs K Marr Trustee
Page | 7
Ladybirds Pre School Playgroup NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st August 2024
1. Accounting policies
The principal accounting policies which are adopted in the preparation of the financial statements are set out below.
(a) Basis of Accounting
The accounts for the year ended 31st August 2024 have been prepared under the historical cost convention and in accordance with applicable accounting standards and comply with the current Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (the Charities SORP) issued in March 2005.
(b) Funds
Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives of the charity.
Restricted funds are those funds which arise from grants and donations which have been given for a particular purpose.
(c) Expenditure
Costs of generating funds include costs directly attributable to raising income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the cost of external scrutiny and costs linked to the strategic management of the charity.
(d) Tangible Fixed Assets
The charity has acquired tangible fixed assets this year. Computers have been capitalised over 5 years, ie, using a straight line basis of depreciation, at a rate of 20% per annum.
2. Incoming resources
Playgroup fees include statutory grants for nursery education, these amount to £187,640 (2023 £143,173) for those children who meet the qualifying criteria.
3. Charitable Expenditure
| Staffing Catering Other staff costs Equipment and materials Rent Telephone Stationery and office equipment Premises costs Insurance Bad Debts Miscellaneous expenditure Subscriptions & software Depreciation Bank Charges Interest Payable |
Restricted Funds £ 21842 |
Unrestricted Funds £ 328581 10815 5788 13979 18025 714 1667 17999 977 26021 254 1955 1163 465 86 |
Total 2024 £ 350423 10815 5788 13979 18025 714 1667 17999 977 26021 254 1955 1163 465 86 |
Total 2023 £ 321104 12131 2878 3722 7010 1268 395 5618 880 3426 77 1050 0 285 130 359974 |
|---|---|---|---|---|
| 21842 | 428489 | 450331 |
4. Governance costs
| Legal expenses Independent Examiner’s Fee |
2024 £ 220 9 229 |
2023 £ 220 450 670 |
|---|---|---|
Over accrued in prior year on Independent Examiner’s fees.
Page | 8
Ladybirds Pre School Playgroup
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31st August 2024
5. Remuneration
No remuneration is paid to any Trustee for acting as a Trustee. Ladybirds Nursery and Preschool Ltd receives payment for providing agreed services to the charity. Alison Grinham, Manager, is a Director of Ladybirds Nursery and Preschool Ltd.
6. Debtors
| Trade debtors HMRC CJRS editors Trade Creditors Accruals HMRC PAYE |
2024 £ 27938 0 27938 2024 £ 13919 500 14419 |
2023 £ 58118 0 |
|---|---|---|
| 58118 | ||
| 2023 £ 22533 1450 220 24203 |
7. Creditors
8. Movement in Restricted Funds
| Funds at | Incoming | Resources | Resources | Funds at | |
|---|---|---|---|---|---|
| 31st August | Resources | Expended | Transferred | 31st August | |
| 2023 | 2024 | ||||
| Restricted Funds | £ | £ | £ | £ | £ |
| Staffing | 4000 | 23192 | 21842 | 0 | 5350 |
| Equipment and materials | 0 | 0 | 0 | 0 | 0 |
Details of Incoming Restricted Funds:
I Send Bursary £9,149 Disability Access Fund £3,693 EY Recovery (EYEMPF_197) £10,350
Page | 9