WORSTEAD PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Registered Charity no: 1041749
WORSTEAD PRE-SCHOOL Contents Page Tru5tee5' report Independent examinerfs report Statemerrt of financial activities Balance Sheet Notes lo the Financial Statements 7-10
WORSYEAD PRE-SCHOOL General Infonnation Prlnclpal address: Worstead Pie-school Queen Elizabeth Hall Ruin Road Worstead NR28 9WPI Trustee5- Mrs H Pilkington (Chair) Mrs E Blown Isecretsryl Mrs D Dean ITre2surer} Bankers: Nationalweskninster Bank PLC 21 Gentleman's Walk Notwich Norfolk NR2 INA Independent examlner. N D Knight FCA FOT and on behalf of Welboume &Co Ltd Chartered Certtfie(J Accountants 27 Hawood Road Nonvich NRI 2NG
WORSTEAD PRE4CHOOL Report ofthe truslees forthe year ended 31 August 2023 The irustees ofworstead Pre-school presentthr annual report andfjnanclal statements forrhe yearen¢Jed 31 August 2022which have been prepared in accordance ¥ttithe accountingpolicies setout in nots Ito thefinancialstatements. Structure and Management Worstead Pre-school is a registèred charitylno. 10417491 and isgoNErned by its constttytion adopted on 15 October 1992 as amended on 24 September2019. The rnanagementand controlofWoread Pre-school isthe responsibilityotthe managementcommitteevthose members are a0 trustees. Members are elected to the management committee and to belrustees theAnnual Genèral Mèeting and ai the fir Committee meetingfollovwingthe Amnual General Meetingatvthich the llewiyel&ted members of the Cornmitiee a electedthey shall choosefrom amongsttheii numberthe meml)erswho wiliact as Chair. Treasurer and Wice Chair. Objects and a¢tlvllle$ The objects ofthe Pre-school a to enhancethe dE10pment and education olchiidren primarity unoerstatytory school age by encouraging parentsto understand and pmwde forihe nee(Js of theii children through communitygroups and by.. olfetingapproprie play. education and acre factlilies. famityleamingand ended hours groups. togetherwtth the right of pafentsto take responsibiltyforand top become inw)Iveil in the actlvWes otsuch gtoups. ensuringthat stsch groups offeropportynitlesforallchildren whatevertheir raee. culture. reliwon, means orabiitw. bl encouraglngthe srutyollhe nee(Js of such chIre and theirtamilies and promoting public interest in and recognition of such needs in the localareas: Instigaring and adheringto and furtheringthe ms and objects of the Pre-sch(KJl Leaining Aiiiance. Rèportfrom theChalrlHayieyPllklngt)nl The Pre-school has definitelyturned itself around, numbeT5 conbnuetogrowand the Pre-school is nearlyfulL The commlttee continues to support stsff and thèfuture is lookn.ng positiveforthÈ Prè-school. We nowNn a toddteKgroup whlch helps with chilly intake into the Pre-schooL r( is open allyear round allowtngpareffj to return towork. We also now have an earlymoming and Lqte clubs. The committee supportsthe Pre-school. andwe are lookingforward to è busyyearahe8d.
WORSTEAD PRE-SCHOOL Reportofthetmst¢e$fortheyear ended31AuW2023 continued Reportfoimthe Supervisor IcialreGllElam) It has been a very busyyearvb new a(fventures. worknngwelltogether. The staff are allverysupportwe an excited forchange. From parents. commeNsand suggestions, are now open al¢year round. weareopen later, we havetaken overthe parenr babyand toddlergroup andwe have plansforthefirture. Numbers areat theirhighest. mealgWe are alrnostfulL which isalarrtastic achievement and I thank everyoneforthat. siaff areworngharrt aswe now4et reatyioensure ourchlldren ha¥ethe besttran5nions into school. Every staff member has key children which theycare foratthe highest standard. ensuringtheirle8min& elOpMent, communication and language ski115 aTewherelheynee(J to befoieach indmdual child. We continue to keep up to dale ith ehange byattendingtraining courses and professional development The committee works har(1 to supponthe presch(K)tandfundrèisrngcontinues aU>ear round. Again I would liketo thankallthèmaff bthosededicatlon makes Pr&schcM)Ewh itis. Financial reportIromt Pre-school administrat0r1Kan Nortolkl Current £34.780 £29.015 8usines5 £36.029 £36,354 Balance at bnningolyear Balance gt end olyear Balance ofppttycash £565 Incomefoithe year ended 31August 2023 ExpendltureSoTthe yearerided 31August2023 Excess ol expenditure over income £85.143 £89,032 £3.889 Income notes I Incorne i5 higherthisyeardueio numbers of children increasing 2 Fullfunding recelved Expendtture notes.. l Therg ig a good cortrolotexpenses wlth rw13rrnonitoringof financial position 2 1c8$e in rent cosr to £8.262 Our main income remalns GOvemmentndIngand(0ItheCuentfftIthlstOtaIled £40,824
WORSTEAD PRE-SCHOOL Independent Exarnlnefs Reporttothe Trustees of theworstead Prevschool I reportlo the charity trustees on myexamin&on ofthe accourts ofthechamyfortheyearende(131 August 2023 which are Set00 pages 510 10. Re5ponsibllAties and basts Dtreport As the ¢harttytrustees you are responsiblelorthe preparation of the accounts in aCCxdancewlh the requiremeffls ofthe Charrtles Act2011 lihePrtI I report in fespect ol my eXamInaOn crfthe charftys accounts carried out under section 145 olthe Aci and in cafryirg out my examination I have fouowed alllhe appli¢alJle directions 8Nen bythe Charity Commission under section 14515llbl ol theAet. Independentexaminerf$ stement I have completed myexamination. I contiim th* no material matters have cometo myattention in connection wth the examinatlon gNing me ¢ausetg beleth81 in any material respect: 11 accounting records were not kept in of the charityas required by 5eclion 130of the Act. or 21 the accounts do nirt actoTdV Ihose records: or 31 the accounts do not complywith the appilcalAe requlrements corKemingthelixm and content of accounts set out in the Charities IP£coutNs and Reports) Regulations 2008 Olheiihan anyrequirentth8tlhe aCcnge a'true and falrvtevlwhb is not a matterconsidered as pan of an indepevdeFFt exaMInkIn. I have no concerns and Itave come across no other matters in confieuionY+ith the examination to which attention should be drawn in ihÈs report in orderto enable a proper understsndingol the accounts to be leached. N D Knight FCA For and on behalf of Welbourne & Co Ltd Chartered Certified Accountants 27 Harwood Road Norwich NR12NG Date.. 19 lune 2024
WORSTEAD PRE-SCHOOL StateThentof HnanclalActMtleslorthe yearended 31AuyJst2023 Unrestricted Restrfrted Deslgnated nds Total Note fijnds funds Total 2023 2022 Ihcomln8re$otsrtes IncomingresourceslromgeneFated funds ActIvesft)rweraUngIUnrts Investsnent incorne 2,690 976 325 325 17 Toial Incomlng resourceslrom qeneratedlunds 3.015 993 In¢omingresour¢estrom eharitsble actNities 69,567 4,379 Otherincomingre50urces 8.IS4 8.133 Totslirbcomingre50urees 84,818 325 ,143 74,939 Resourcesexperthd C05ts01generatln¥lund5 FuniJTaisingtrading¢ostof goodss(Id an(J othercosts Total resourcesexpehdedfor generatedlund3 Costotcharitabiea¢tMbes 81665 91.138 GovemancÈtosts Other rèsources expended 4619 4.619 4.632 Total resourcesexpended 97.133 Nètincomln¥rnsouiceslorthe year 4214 Funds brougthtfowward 35.697 YJ.¥20 31M&4 36.354 87.837 71.728 Tran•TOe1WeenfUndS Fundseaffledlornard 31.483 67,837 71,726
WORSTEAD PRE-SCHOOL Balance Sheet as at31 August2023 Fuh¢ts Tola12023 Tota12022 Flxed assets Tangible assets 1201 2.201 Current assets Debtors Cash at bank and in hand io 3.272 65,954 1.398 71,029 li 29.600 35.073 71,428 76,670 Current Uabllltles Creditors- amountstalling due wtihin one year 3,591 3,591 4,944 Nel current assets 31,4&3 67.&37 71,726 Total assets less GUTrent Ilabliltles 31.483 67,837 71,726 CTeditors- amounts falling due after morethan oneyear Nèt assèts 31.483 67,837 71.726 Charltyfunds Unrestricted lunds Restricted funds 31A83 67.837 71.726 Totalfunds 31,483 36,354 67.837 71,726 The notes on page5 7t0 10 form partofthesefinancialstatements. Thefinancial statementswere approved bythe Management Commiitee on on its behalf by.. Mrs H Pllklngron Chalr hAtyLÉY PI LLiKE/C)(I Mrs O Dean- Treasurer
WORSTEAD PRE-SCHOOL l Accountlngpoueles Bas150f preparatlon Thefinancial statements have been prepareLI underthe historical c05t comiention wth items recognised at cost ortransaction value unless otherv•7se stated in the relevant notestothese accounts. ThefinancSal statements have been prepareil in accor(Jancewilh the Statement of Recommended Practiee: Aecountingand Rwttngbychaitties preparingtheii accounts In accordancewth the Financial Reportingstandard applicable in the UK and RepUbC ol Ireland IFRS 1021 issued in October2019 and the Charitieskt201L The charity constltutes a public benefft as defined by FRS 102. Incomingresource5 1CoMe Iiotn opeTating attivtbe5 iftfurtheran¢e ofthe charitys objects Is Included In the perlod in which the charstyis entitle(J to feceipt Resource$ expendeo Resources expended are recognised in the period in lch theyare incurred. Grants Grants are recogni5ed infull inthe atementol FinancialActiwties in theyeartheyare receivable FuTh15 Unrestrlcted funds These comprise ftFnds 1c thetrustee5 arefree to useforanypurpose Infurtherance ofthe charitvsobjects. Restrictedfunds These comprlse fUndSCh have been received but mustbe spenton a specific type ot expenditure. DeslKnateOftllKI$ The designated fund is repreSentj bymonies held in the Natwest ReserveAccountsetaside as a contingencyfund. TanONeflxed assets Ind?vidual hxed assets ale capitaltsed at cost. Depreciation is charged atthe folLowlng rates.. - children's equipment 20% straight IiFTre computerequipment 20% straight line Debtors and credltors Debors and creditorsTrMth nts stste<l interestrate are recorded attr¥nsaetion p¢fjee. ActMtlesforgenerattngfimd$ 2023 2022 Funds raising 976 2.690 976
WORSTEAD PRE.SCHOOL Investme income Deslgnate fund5 2023 21)22 Bank interest 325 325 17 325 325 17 In¢oming resources from charttable actswities Unrestri¢ted Funds Restricted Funds Funds 2022 Fees Norfolk Countycouncil Consumables 33.172 40,&24 33.172 40,824 25.740 43,417 410 73,996 73,996 69.567 Other in¢omingresources Unrestrfcted Funds Restrlcted Funds Funds 2023 2022 m1sce1neOuS Donations Other grants 6.198 6.198 118 1.817 2.108 154 2,117 1.817 8.133 8.133 4.379 Other grants include(J £1.817 released Irom deferred Income. Cosrs of charttable aCtitieS Unrestrlcted IS Restrlcted Funds Fund5 2023 2022 Wages Pensions Trèinlngcourses Rent 64.620 64.620 635 425 8.262 1.884 73,189 425 8.262 1,918 7,071 3,084 810 Reapirs and renaL$ Children's equipmeni Insuran¢e Printing postsge and stationery Advertising Website expenses Telephone Light and heat Craft materials L124 974 1,124 974 905 100 loo 166 856 2.497 2.497 1.235 83.665 91,138
WORSTEAD PRE-SCHOOL Governance costs 2023 2022 Independent examinefs fee 1.363 1,363 Other resources expended 2023 2022 Refreshmenis and staff entertalnment Cleaning Subscriptions Mi5cellaneou5 Depreciation 341 626 1.195 416 2.042 317 398 1,007 292 2,618 4,619 4,632 Flxed assets ChlldreTr'5 Equlpment Computer Equlpment Totsl Cost At I September2022 Addrtions Disposals Af 31 August 2023 12.542 3.491 16,033 12,542 3.491 16.033 Depreclatlon At I Septembe¥ 2022 Depreciation forthe year Disposals At 31 August 2023 8.976 1,783 2.814 259 11,790 2.042 10,759 3.073 13.832 Net Bookvaiue At 31 August 2023 1.783 418 2,201 At 31 Augus12022 3,566 677 4,243 io Debtors 2023 2022 Fees Prepayments Taxation and social securty 2,587 685 24 627 747 3.272 1,398
WORSTEAD PRE-SCHOOL li Cash ai bankand In hand 2023 2022 Nat West- CurrentAccourt Nat West- ResèiveAccount Perty Cash 29,035 36.354 565 34,780 36,029 220 65,954 71,029 Creditors-AMountslaLlldue wlthln oneytar 2023 2022 Trade creditors Olher QdItO[5 Taxation and so¢ial securrty Accruals and deferd income 70 70 983 2.538 1.240 3.591 Trustee remuneratlon and expenses None otlhetrustee receNed anyremuneration duringtheyear. Trustees were reimbursedfor minorcharityexpeftses dullngthe yearvthich were individually always le$5 than £lOO. 14 Employee emoluments 2023 2022 Wages Employerf5 COntriblOtodefined contribution pen510n schemes 64,620 635 73,189 881 65.255 74,070 The average number ofemployees duringtheytar¥rdS 8 12022- 81 There were no employeeswtto Teeeivedlotsl employEe beneffts ofmore than £60.000. 16 Fund reconcill4llon Balan¢e at OU0912022 Balance at Incorne Expendllure Transfers 3110812023 Unrestricted Fvnds Designated Funds 35.697 36.029 84,818 325 89.032 31,483 36.354 Total Unrestricted Funds n.726 85.143 89.032 67,837 Rèstricted Funds Total Funds 71.726 85.143 89,032 67,837
WORSTEAD PRE-SCHOOL Fund reconclifjatfion Itontinuedl Designated Funds DesigDatedfunds are held inthe Business ResefftAccountin case of emergencie5. redundancies etc. These funds should coverihree months tiadingand re(lundancycosts. Attheyearend the baLince was equaltothe estimate of such costs at £36.354 and therefore notransferto the accountwas required. Related partytratts40nS There were no related partytraThctions durtngeTtherthis yEar orthe pmrousyear. io