CHARITY NUMBER: 1040505
HARDEN PRE-SCHOOL
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 |
| INDEPENDENT EXAMINER'S REPORT | 2 |
| TRUSTEES REPORT | 3 - 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| BALANCE SHEET | 6 |
| NOTES TO THE ACCOUNTS | 7 - 11 |
| DETAILED INCOME AND EXPENDITURE REPORT | 12 |
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER: 1040505 TRUSTEES: Celine Kicks Bethanie Petty-Hopwood John Miles Rebecca Routh Helen Rayner Juliet Vo Candice Kormoczi (resigned 10/11/2022) NOMINATED INDIVIDUAL: Karen Clarke PRINCIPAL ADDRESS: The Memorial Hall Harden Bingley West Yorkshire BD16 1JP REPORTING ACCOUNTANTS: Wilkinson and Partners Chartered Accountants Fairfax House 6A Mill Field Road Cottingley Business Park Bingley West Yorkshire BD16 1PY
Page 1
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE HARDEN PRE-SCHOOL - CHARITY NUMBER 1040505
This report is in respect of the accounts for the year ended 31 August 2023, set out on pages 3 to 11.
Respective responsibilities of the trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 44 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
It is my responsibility:
- i. to examine the accounts under section 145 of the Charities Act.
ii. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
iii. to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning 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.
Independent examiner's statement
In connection with my examination, no mater has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
-
i. to keep accounting records in accordance with section 130 of the Charities Act; and
ii. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Mr P Raistrick Wilkinson and Partners Chartered Accountants Fairfax House 6a Mill Field Road Bingley, BD16 1PY
Dated: 9th November 2023
Page 2
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
TRUSTEES ANNUAL REPORT
OBJECTIVES AND ACTIVITIES
The objectives of the Pre-school are to enhance the development of children under the statutory school age by encouraging parents to understand and provide for the needs of their children through our committee group.
The Pre-school achieves its objectives by providing education over nine sessions each week in our community building, providing a caring learning environment for a maximum of 40 children aged 2-4 years old in each session within two different classes.
On 1st April 2018 Harden Pre-school began the process of taking over Harden Memorial Hall as a Community Asset transfer from Bradford Council. This is still processing through the solicitor but we no longer pay the council rent, we receive any revenue from private hire and are responsible for the up keep and maintaining the building.
In performing the above activities, the trustees have had regard to the guidance issued by the Charities Commission on public benefit.
FINANCIAL REVIEW
At 31 August 2023 the charity held reserves of £142,601 (2022: £134,075).
It is the policy of the charity to hold sufficient reserves such that it could continue to operate should there be a reduction in the number of children attending or a need to move premises, as the future of the community building is the subject of discussion with the local authority.
The trustees consider that the level of reserves currently held is currently excessive and are in the process of reducing reserves through increased investment in staff and infra-structure.
Other than the reference made above to discussions with the local authority regarding the community building, there are no further significant concerns about the charity continuing as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Pre-school was established by a constitution adopted on 29 March 1994, amended on 11 June 1996 and 12 February 2001. More recently the Pre-school has adopted the 2011 constitution on 29 November 2013. The organisation was registered as a charity on 1 September 1994.
Trustees are appointed from time to time, in accordance with the constitution, in order to provide management and direction for the Pre-school.
Page 3
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
TRUSTEES ANNUAL REPORT (CONTINUED)
TRUSTEES
The Trustees who acted during the year were as follows.
Celine Kicks Bethanie Petty-Hopwood John Miles Rebecca Routh Helen Rayner Juliet Vo Candice Kormoczi (resigned 10/11/2022)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Under the Charities Act 2011, the trustees of the Pre-school are required to prepare a statement of financial activities and a balance sheet for each financial year.
In addition the trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the Pre-school. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud or other irregularities.
DECLARATION
The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees
………………………………………………..
Celine Kicks - Chair Person
………………………………………………..
Bethanie Petty-Hopwood - Secretary
9th November 2023
Page 4
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
STATEMENT OF FINANCIAL ACTIVITIES
| Note Incoming resources Grants Charitable activities Fundraising Other income Total Resources expended Charitable activities Fundraising Other Total Net Income/(expenditure) before investment gains/(losses) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total funds income funds funds 2023 2023 2023 £ £ £ 151,706 151,706 112,229 112,229 1,370 1,370 1,143 1,143 266,448 266,448 257,370 257,370 552 552 257,922 257,922 8,526 8,526 8,526 8,526 134,075 134,075 142,601 142,601 |
Prior Year funds 2022 £ 121,713 112,509 3,027 937 238,186 233,892 468 234,360 3,826 3,826 130,249 134,075 |
|---|---|---|
Page 5
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
BALANCE SHEET
| Note Current assets Cash at Bank and in hand Total current assets Creditors: amounts falling due within one year Net current assets Funds of the Charity Restricted income funds Unrestricted funds |
Unrestricted Restricted Total funds income funds funds 2023 2023 2023 £ £ £ 158,762 158,762 158,762 158,762 16,161 16,161 142,601 142,601 142,601 142,601 142,601 142,601 |
Prior Year funds 2022 £ 147,827 147,827 13,752 134,075 134,075 134,075 |
|---|---|---|
The financial statements were approved by the trustees on 9th November 2023 and signed on their behalf by:
……………………………………….. Celine Kicks - Chair Person
………………………………………..
Bethanie Petty-Hopwood - Secretary
Page 6
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
NOTES TO THE FINANCIAL STATEMENTS
1 BASIS OF PREPARATION
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Statement 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 (FRS102) issued on 16 July 2014 and with the Charities Act 2011.
1.2 Going concern
The trustees consider that the charity is a going concern and these accounts have been prepared on that basis.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Material prior year errors
No material prior year errors have been identified in the reporting period.
2 ACCOUNTING POLICIES
2.2 Income
Recognition of income
Income is included in the Statement of Financial Activities (SoFA) when: i. the charity becomes entitled to the resources
ii. it is more likley than not that the trustees will receive the resources
iii. The monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenditure, unless required or permitted by the FRS 102 SORP or FRS102.
Page 7
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
NOTES TO THE FINANCIAL STATEMENTS
2.2 Income (continued)
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met.
2.3 Expenditure and liabilities
Liability recognition
Liabilities are recognised where it is a more likley than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Creditors
The charity has creditors which are measured at the settlement amounts less any trade discounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
2.4 Assets
The charity has no material assets other than the cash reserves which it held at the year end.
Page 8
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
NOTES TO THE FINANCIAL STATEMENTS
| 3 ANALYSIS OF INCOME Donations & legacies Nursery grants Other grants Total Charitable activities Nursery fees Fundraising Other charitable activities Total Total Income 4 ANALYSIS OF GRANTS RECEIVED Bradford MDC - Nursery Grants Early Years Apprentice grant Other grants |
Unrestricted Restricted Total funds income funds funds 2023 2023 2023 £ £ £ 149,706 149,706 2,000 2,000 151,706 151,706 105,221 105,221 1,370 1,370 8,151 8,151 114,742 114,742 266,448 266,448 2023 £ 149,706 2,000 151,706 |
Prior Year funds 2022 £ 119,216 2,497 121,713 105,443 3,027 8,003 116,473 238,186 2022 £ 119,216 2,497 121,713 |
|---|---|---|
Page 9
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
NOTES TO THE FINANCIAL STATEMENTS
| 5 ANALYSIS OF EXPENDITURE Unrestricted Restricted Total funds income funds funds 2023 2023 2023 £ £ £ Expenditure on raising funds Fundraising costs 552 552 Total 552 552 Expenditure on Charitable activities Salaries and wages 203,814 203,814 Utility costs 28,336 28,336 Grant expenditure 1,576 1,576 Administration costs 3,793 3,793 Equipment and resources 4,255 4,255 Professional fees 1,176 1,176 Other costs 14,420 14,420 Total 257,370 257,370 Total Expenditure 257,922 257,922 6 DETAILS OF CERTAIN TYPES OF EXPENDITURE 6.1 Fees for examination of the accounts 2023 £ Independent examiner's fees 1,176 1,176 7 PAID EMPLOYEES 2023 £ Salaries and wages 191,526 Social security costs 9,816 Pension contributions 2,472 203,814 All employees relate to charitable actvities. No employees were paid in excess of £60,000 during the period. 2023 Average head count in the year 15 |
Prior Year funds 2022 £ 468 468 163,959 46,677 0 4,296 1,805 1,122 16,033 233,892 234,360 2022 £ 1,122 1,122 2022 £ 153,942 8,006 2,011 163,959 2022 13 |
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Page 10
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
NOTES TO THE FINANCIAL STATEMENTS
| 8 CREDITORS AND ACCRUALS 8.1 Analysis of creditors Trade creditors Deferred income Accruals Wages and PAYE 8.2 Deferred income Grants received in advance 9 CASH AT BANK AND IN HAND Bank deposit account Bank current account 10 FUNDS OF THE CHARITY Unrestricted funds at the beginning of the period Net movement in funds during the period Unrestricted funds at the end of the period |
2023 £ 2,188 10,743 1,176 2,054 16,161 10,743 2023 £ 70,000 88,762 158,762 2023 £ 134,075 8,526 142,601 |
2022 £ 10,105 1,122 2,525 13,752 10,105 2022 £ 70,000 77,827 147,827 2022 £ 130,249 3,826 134,075 |
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Page 11
HARDEN PRE-SCHOOL YEAR ENDED 31 AUGUST 2023
DETAILED INCOME AND EXPENDITURE ACCOUNT
| Income Nursery fees Nursery grants Other grants Fundraising Snacks & craft Sweatshirts Harden Memorial Hall hire Other income Less: Expenditure Wages and salaries Pension Contributions Equipment Grant expenditure Fundraising costs Property repairs & improvement Light & heat Rates and water Insurance Stationery Computer & website costs Telephone Refreshments Craft materials CRB & Ofsted costs Compliance costs Staff training Sundry expenses Subscriptions Cleaning Sweatshirts Trip costs Accountancy fees Surplus for the period |
2023 £ 105,221 149,706 2,000 1,370 5,795 1,007 206 1,143 266,448 201,342 2,472 1,413 1,576 552 14,064 11,014 1,662 1,596 606 1,029 2,626 5,397 2,842 522 1,206 842 1,470 561 2,167 1,527 260 1,176 257,922 8,526 |
2022 £ 105,443 119,216 2,497 3,027 4,488 1,143 1,435 937 238,186 161,948 2,011 1,577 468 32,965 10,610 1,692 1,410 1,279 2,664 2,818 3,888 228 561 1,310 577 1,405 199 4,202 1,186 240 1,122 234,360 3,826 |
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