WORSTEAD PRE-SCHOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 Reglstered Charlty no: 1041749
WORSTEAD PRE-SCHOOL Contents Page Trustees, report 14 Independentexamlnefs report Statement of flnancial actNities Balancesheet Notes to the Financial Statements 7-10
WORSTEAD PRE-SCHOOL General information Prlnclpaiaddress: Wotstead Pre-school Queen Elizabeth Hall Ruin Road Worstead NR28 9WH Trustees: MrsAGrix Mrs N Englestone Ms S Brighty Ms S Brace Mrs H Pllklngton Ms G Hudson Chair Secretary Treasurer Bankers: NatM)nal Westmlnster Bank PLC 21 Gentleman's Walk Norwich Norfolk NR2 INA Independent examlner: N D KnÉhtFCA Forand on behalf of Welboume&Co Ltd Chartered Certified Accountants 27 Harwood Road Norwich NRI 2NG
WORSTEAD PRE-SCHOOL Report of the trustees for the year ended 31 August 2024 The trustees of Worstead Pre-school present thelr annualreport and flnanclal statementsfor the year endecl 31 August 2024 which have been prepared in accordance with the accounting poitcies set out in note I to the financial statements. StNcture and Management Wor5tead Pre-school 15 a restered charity {no. 10417491 and Is erned by rt5 constitution adopted on 15 October 1992 asamended on 24September2019. The management and controlof Worstead Pre-school L* the responslbillty of the management committee whose members are atso trustees. Members are elected to the management commlttee and to be trustees at Ihe AnnualGeneral Meetlng an(J at the flrst Commlttee meetlngioLLowlngthe Annual General Meeting at whlch the newly elected Members of the Cofflmtttee are eLectedtheyshaUchoose from amongtheir numberthe memberswhowluact aschair. Treasurerand Vlce Chalr. Objects and act11195 The objects of the Pre-school are to enhance the elOpment and educatlon of chlldren prlmarlty under statutory school age by encoura&ng parents to unclerstand and provlde for the needs of thelr chlldren throuth communlty groups and by. offering appropriate play. education and acre facilities, famity learningand extended hours groups, together with the rltht of parentsto take responsibitsty for and top become involved in the actNities of such 0Up5, ensuringthat such groups offer opportunrtjes for alichiLdren whatever their race, cuilure, reOn, means or ablllty: bl enc0urangthe stuty Ot the needs of such chlLdren and thelr famiues and promotln8 pubuc interest In and recognftion ot such needs in the iocalareas Instigatlng and adhertngto and furtherlngthe alms and objects of the Pre-school Learning AAllance. Reportfmm the chalrlHaeY Pllklngtonl The Preschool Is doingveryweiL and the numbers continue to grow. Mjmbetswere up for September 2023 start compared to September 2022 start. We expect the numbers to continue to 0W due to the new lunding LeOsLition. The committee continues to yjpport staff and the future is looklng POSiti¥E for the PrexhooL The toddler BTOUP Is slow but Is on the rIt trackto encourage irysitors from the local communty. The does help with child intake into the PreschooL The commlttee supports the Pre-s¢roL and we are loongfOard to a buw yEar ahead.
INDRSTEAD PRE-SCHOOL Report otthe tnteeS forthe areTrded 31 August2024 conllnued Report fomi the Supenrtsor {Clalre frwilliaml The year has ne quickly. we have made a few change5 to the pie5chooL one beingthe sensory room. This room has been designed tor children to have quiettime and l-ltime with an adult. The room can also be used for yoga, speech and language, music and movement and key chikl time. It has been a great asset to the Preschool and impacted the children in a very positive way. We have been busy sorting cieaningand armaongthe preschoolto help the staff and children enjoy thelrtime more. This has consisted ofthe kitchen beingreamaged so staff have betteraccessto eve1h1ngand can keep r( cleaner. The children have all been usingnew cookngequipment and are rea a¢fvancing in fine Motor development. We were iucty enough to secure an in¢iusH)n ant for the prexhoolto replace rexJur¢es and provide new Leamlng opportunrtie& The staff contlnue to work hard trainingto enhance thelr own leamingand devleopment and to Ove as many Learnnlng opportunitlesto the chlldren as they can. We are growing in numbers and the hotidays and hati temis pt busier everyyear. We have had 3 members of staff leave us due to the workload and we have not to empioyanyone else for a while. We WILL contlnue to take on apprentices and help them galn a quatification in chiklcare. Flnanclal report from the Pre-school admlnistrator (Karen Norfolk) Current £61.467 £36.885 Business £34,780 £29,035 BaLanGe at beonningof year Balance atend ofyear Balance of pettycash £565 Income torthe year ended 31 Augist 2024 Expendllure for the year ended 31 Augiist 2024 Excess of Income over expendlture £167.319 £133.821 £33,497 Income notes I Income is hither this year due to numbers of children Increaslng 2 FullfundingreceNed ExpendUre notes- l There bs a 0d control of expen*swith reguLir monitoringof ourflnancial position Our main income remains Government funding and foT the current yEarthistotalled £106.358
WORSTEAD PRE-SCHOOL Independent Examiner's Report to the Trustees of the Worstead Pre4chool I report to the charty trustees on my examination of the accounts of the charityforthe year ended 31 gIst 2024which are set out on pages5to 10. Responslbllltles and basls of report Asthe chartytrusteesyou are respon&bie forthe preparath)n of the accounts in accordance with the requlrements of the Charitieskt 2011 {Ihe P£V) I report In respect of my examlnatlon of the charws accounts carrled out under section 145 of the Act and In cairyingout my examination I have followed alithe appllcable directlons thn ty the Charlty Commlsston under sectlon 14515llbl of the Act. Independent examlne¢s stslemert I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentbn In connectlon wlth the examination th'ng me cause to belJ'ebE that in any materlal respect 11 accounllng records were not kept In of the charfty as required by section 130 of the Act. or 21 the accounts do not accord wlth those records: or 31 the accountsdo notcomptywlththe appllcable requlrementsconcemingtheform and content of accounts set out In the Chartiles (Accounts and Reports) RegJLatlons 2008 other than any requirement that the accounts tr a Inje and talr vlew. whlch is not a matter considered as part of an independent examination. I have no concerns and have come acr05sno other matters Inconnectlon wlththe examinatlon to which attentlon should be drawn In Ehls repon In order io enable a proper understandlngof the accounts to be reached. N D Knltht FCA For and on behalf of Weibourne & Co Ltd Chartered Certrfied Accountants 27 Harwood Road Norwlch NA12NG Date: 19 June 2025
WOPSTEAD PRE-SCHOOL Balance Sheet as at 31 August 2024 Unrestrlcted funds Re51Tlctsd Funds Designated Funds Total 2024 Total 2023 Flxed assets Tanoble assets 2,820 2.201 CuThent assets Debtors Cash at bankand In hand io li 796 3.272 65,955 61,800 36,885 65,416 36.885 101301 71,428 Current Ilabllltles Credltors: amounts faWn8 due wlthln one year 12 967 3,591 Netcurrent assets 64,449 101,334 67,837 Total assets less euffent Ilabllltles 26,885 101,334 67,837 Credltors: amountsfawngdue after more than oneyear Net assets 64.449 36.885 101.334 67.837 Charltyfunds Unrestilcied funds Restricted funds 64.450 36.885 101,334 67,837 Total funds 64,450 36,885 101,334 67,837 The notes on pages 7 to 10 form part of these financial statement& TheTlnanciai 5taTemenisweie approvecj Dyihe Mana8emenTCommiTtee on on Sts behatF by-_ Grlx- Chalr Mrs N Engiestone-Treasurer
WORSTEAD PRE-SCHOOL Slatement of Finalal Adivities forthe yEarended 31 Augu5t2024 Unrestslcled fun(ts Restrlcted Designated funds Total 2024 Total 2023 Incomlng $0re¢S Comlnq resour¢•$ Irom pner*ed lunds: Actlvltles for wwatlng runus Investment income 1.387 1387 531 2,690 307 531 Total Incomlng resourceslrom neral•d funds 1387 531 1.918 2.997 Incomln8 resource5 trom eharltable actfvltie$ 139A59 25942 139A59 25.942 73,996 8.150 Other incoming resources Total Incomlni reso¥rces 166,788 531 167a19 85.143 Resources oxponded Costs ol ieneratlngfunds Fundr&sing tr&Ying cost of goods sold and other ¢oyiJ Total règour¢•$ •xp•nd•d lor nerated lunds Cost of charitable tIvItieS 125815 897 125,915 897 83,665 748 Governan¢e ¢osts Other resources expended 7,009 7.009 4.619 Total r¢soure•s expende I3321 133021 89,032 Net Incomlng rosoure•s for the ye 32%7 531 33A97 3.889 Funds bTought forw 31N83 36254 67M37 71,726 84A50 3685 101.334 67.837 Transl•r b8two•n lunds Funds I0d 64A50 36B85 101.334 67,837
WORSTEAD PRE-SCHOOL l Accouniiii pollcles Basls of pparatIon The flnanclal statements have been prepaied underthe historical cost convention with r(ems recognised at cost ortransaction value unless otheNiise staled in the relevant notesto these account& The financial atements have been prepared in accordance wtth the Statement of Recomfflended Practice- Accountingand Reporting by Charities preparingtheir account5111 accordance with the Financial Reporting standard appijcable in the UK and Republ of Iretand IFRS 102} Issued in October 2019 arKI the Chaffties kt 2011. The charitycon&itutes a pubuc benefft as deflned by FRS 102. Incomlng resources Income from operatlngactmtles In lurtherance of the chartys objects ts Onced In the perlod In whlch the chadty Is entltted to recelpt. Resources eJp8nded Resources expended are recoghised In the perlod In which they are Incurred. Grants Grants are recO&d In full In the statement of Fhanclalktmtles In the yearthey are recefvabie Funds Unreslrlcted funds These comprisè fundswhl¢h Ihe trueeS are free to use for any purp)se In turtherance of the chaitys objects. Resirlcled lund5 These comprise fundswhich hab been receKed bLrt must be spent on a specwlc type of expenditure. Designated fvnds The desiated fund Is represented ty monles held In the Nat West ReseThE Account set aslde as a contlngency fund. Tanglble Ilxed assets Indmdualflxed assets are capalISed at cost. Depreclatlon is chad at the tolLowlngrate - chlidren's equipment 20% strawt line - computer equlpment 20% stralthi Une DebtorJ and credltors Debtors and credltOfSWith no stated interest rate are recorded at transactlon prtce. Acllvliles forgeneTatlng funds 2024 2023 Funds raising 2.690 1.387 2.690
WORSTEAD PRE4CHOOL Investment income Designated lund5 2024 2023 Bank interest 531 531 325 531 531 325 Incoming resources from charrtabie actpiities Untestrlcted Funds Restrlctsd Fund¥ Funds 2024 2023 Fees Norfoikcounty Councll Consumables 33.102 106.358 33. 102 106.358 33.172 40.824 139.459 139.459 73,996 Other In¢omlngresour¢es UNe$trl¢ted Restrlcted Funds Funds 2024 2023 Mlscellaneous Donatlons Other grants 21.429 195 4.318 21,429 195 4.318 6.198 118 1,817 25.942 25.942 8,133 Other &ants Included £nll12023 41.8171 relea*d from deterred income. Costs of charitable activitses Unrestrlcled Funds Restrlcted Funds Fun(ts 2024 2023 Wages Pensions Trainingcourses Rent Reaplrs and renewaL8 Children's equipmenl Insurance Printing postage and stationery Aertising Webstte expenses Telephone Light and ho2t Craft materials 105,128 105,128 1.394 1.242 8,221 4.138 64,620 635 425 8,262 1,884 948 1, 124 974 loo 1.242 8,221 4.138 1.283 I.CE2 1,283 1,062 40 471 1.955 471 1.354 2,497 125,915 125,915
WORSTEAD PRE.SCHOOL Governance costs 2024 2023 Independent examiners fee 897 748 897 748 Other resources expended 2024 2023 Refreshments and staff entertainment Cleaning Subscriptions Miscellaneous Depreciation 647 1.340 1.864 933 2,226 341 626 1,195 416 2,042 7,009 4,620 Flxed assets Chlldren's Equlpment Computer Equlpment Total Cost At I September2023 Additions Disposals At 31 August 2024 12,542 2.625 3,491 220 16,033 2.845 15,167 3,711 18,878 Depreclatlon At I September2023 Depreciation for the year Disposals At31 August2024 Net Bookvalue 10,759 1,923 3,073 303 13.832 2,226 12.682 3,376 16,058 At 31 Augu 2024 At31 August2023 2,485 1,783 335 2,820 418 2,201 io Debtors 2024 2023 Fees Prepayments TaKknn and social securty 2.587 685 796 796 3,272
WORsfEADPRE-SCHOOL li Cash at bank and In hand 2024 2023 Nat We*- Curreni P£count Nat Wesl- Reserve Account Pettycash 61,467 36.885 29,035 36.355 565 98.685 65,955 Credltois- Amounts falling due wlthln one ar 2024 2023 TTade credftors Oiher Creditors Taxatlon and s)cial securty Accrualsand deferred hcome 70 109 70 983 2.538 967 3,591 Trustee remuneraiion and ejwrbs None of the trustee reCerd any remuneration duringthe year. Trusteèswere Teimbutsed for minor charity expenses duringthe year which were indmduaiiy always Less than £lOO. Empiosfe emoluments 2024 2023 Wages Employers contributlon to defined contribLrtion pension schemes 105, 128 64,620 635 106,522 65,255 The average number of employees duringthe ar was812023- 81 There were no employees who receEd totalemptye benefits of more Ihan £60,000. Fund reconclllatlon Balance at 0110912023 Balance at 3V0812024 Income Ewxndlture Transle Unre5trl¢ted Fund5 DeSiated Funds 31,483 166.788 531 133.821 64,450 36,885 Total Uniestricted Funds 67,837 167.319 3.821 101,334 Restricted Funds Total Funds 67,837 167.319 133,821 101.334
WORSTEADPRE-SCHOOL 15 Fund reconclllatlon Iconllnuedl Deslgnated Funts DeSIated funds are held in the Business ReseNe kcount in case of emergencies. redundancie etc. These funds shouL(I cover three monthstradingand redundancy costs. At the year end the Lialance was equal to Ihe e%imate ot such costs at £36.354 and therefore no transfer to the account was required. 16 Related partytransactlons There were no reLated party transactionsduringeitherthis year orthe previous year. io
amazon business Invoice Paid Paymenl refereThx ID RWWLLu49g6Dp1Ymap Sohj by Amazon 8u5iness EU SA.r.l. UK Brdn¢h VAT# G8305&34227 WORSTEAD PRESCHOOL QUEEN ELIZABETH HALL. RUIN ROAD WORSTEAD, NORFOLK. NR28 9WH GB Invokè dalé l Dolv•ry dal8 Invo # 12 Jun8 2025 G854X126A8EI Toi81 paythe £57.95 For customer support W•rn.amaz0n..kIcrIact Business address Worstead Preschool Delivery address Karon N(Kfc4k Sold by Amazon BUne$S EU S.a.r.I, UK Branch Qu••n EIIz8bèth Hall. Ruln Road Worst9ad, Norfolk, NR28 9WH GB GREENFIELDS. WORSTEAD NORTH WALSHAM. NK NR28 9SO GB 1 PrirKipal Ploce, Wtyshlp Street LoTrJon. EC2A 2FA Uniw Kingdom VAT # G8305634227 Order information Ord8r dat• Order # 11 Jun• 2025 203-2869232-8770767 Qrdgr placed by Worstead ProBdk)ol Invoice details 0o$¢dpllon Unlt pn (•xdVAT) VAT rat• Unit pri¢¢ l inrA. VAT I Itom $ubtotol I Incl. VAT I Y•llow Door Ntsmbor Bonds to 10 Pabbb Sot l Ety Number SenJ• l Mal for kld8 age 2 3 4 5 l Earty EducaJonal Toys Icff Cwnthg 1-101 sewe I Odd and 8v8n l Numeral8 ASIN B008N8Z8EQ £23.29 £27.95 É27.95 Yellow Door Loworcaso Alphabot PobtrAes l ABC SpoNirKJ k)TCase191ler Stonès l EducatiOn81 Toy for kids age 2 3 4 S l Durable ()jid0 LearThrKJ I S8t 01261 phonics and CVC wY)rdy I literw I Wrd9 ASIN BQ030WKD1S 20.0% £30.00 £30. Invoice total £57.95 VAT rats Ilwn Bubtotsl VAT subtotal 1 gxd. VAT I £4829 £9.68 £4829 £9.66 Amazon Buslness EU S.a rl.-38 aveNe JohTr F KeTrnety L-18&E Regi51ered office ol ihe company. L.1855 LuxenoLY9. Re£i5tered al the R.C.S LuKer B 140735 Amazon bLL5iness EU SARL, UK 1 Prw Pla. trVty*yp L(o>kn. EIXA 2FA. Uriknilthwxn. GB VAT ND. 30S634227 Page1of1