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
`o`
ESCC – Inclusion
`o`
Isend Bursary
`o`
EY Recovery
`o`
ESCC Ukraine Support
`o`
Apprenticeship Incentive
`o`
DAF Payment
`o`
NDNA (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