2025-08-31-accounts - Worstead Preschool

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WORSTEAD PRE-SCHOOL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Registered Charity no: 1041749

WORSTEAD PRE-SCHOOL

Contents	Page
Trustees' report	1-3
Independent examiner's report	4
Statement of financial activities	5
Balance Sheet	6
Notes to the Financial Statements	7-10

WORSTEAD PRE-SCHOOL

General information

Principal address:	Worstead Pre-school
	Queen Elizabeth Hall
	Ruin Road
	Worstead
	NR28 9WH
Trustees:	Mrs A Grix	Chair
	Ms S Brace	Secretary
	Ms S Brighty	Treasurer
	Mrs N Englestone
	Mrs H Pilkington
	Ms G Hudson
Bankers:	National Westminster	Bank PLC
	21 Gentleman's Walk
	Norwich
	Norfolk
	NR2 1NA
Independent examiner:	N D Knight FCA
	For and on behalf of
	Welbourne & Co Ltd
	Chartered Certified Accountants
	27 Harwood Road
	Norwich
	NR1 2NG

WORSTEAD PRE-SCHOOL

Report of the trustees for the year ended 31 August 2025

The trustees of Worstead Pre-school present their annual report and financial statements for the year ended 31 August 2025 which have been prepared in accordance with the accounting policies set out in note 1 to the financial statements.

Structure and Management

Worstead Pre-school is a registered charity (no. 1041749) and is governed by its constitution adopted on 15 October 1992 as amended on 24 September 2019.

The management and control of Worstead Pre-school is the responsibility of the management committee whose members are also trustees.

Members are elected to the management committee and to be trustees at the Annual General Meeting and at the first Committee meeting following the Annual General Meeting at which the newly elected members of the Committee are elected they shall choose from amongst their number the members who will act as Chair, Treasurer and Vice Chair.

Objects and activities

The objects of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:

a) offering appropriate play, education and acre facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and top become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
c) instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.

Report from the Chair (Hayley Pilkington)

The Preschool is doing very well and the numbers continue to grow. Numbers were up for September 2024 start compared to September 2023 start. We expect the numbers to continue to grow due to the new funding legislation. The committee continues to support staff and the future is looking positive for the Preschool. The toddler group is slow but is on the right track to encourage visitors from the local community. The does help with child intake into the Preschool.

The committee supports the Pre-school, and we are looking forward to a busy year ahead.

WORSTEAD PRE-SCHOOL

Report of the trustees for the year ended 31 August 2025 continued

Report form the Supervisor (Claire Gwilliam)

We have had a busy year as always, some of the achievements we have made are:

Earning funds through fundraiing events to be able to replace the children's kitchen in the home corner
Sally taking on the parent baby and toddler group and building up attendance.
Preparing for SENIF and EHCP children has been challenging but with rotas we can ensure all children get their 1-1 allocated time.
We are working towards a fully functioning forest school area for the chilfren to learn and develop
The staff have completed mandatory training and training to meet children's needs.
We have a high number of children with SENIF and EHCPs so extra work has been done by the staff accommodate the children and meets their needs.
We have had some very successful cake and craft mornings
Being open all year round is finally getting busier with more children attending
We have had 3 members of staff join the team and they have all been a great asset to the pre school.
We have decided to open the pre school all the way to Christmas Eve to help parents/carers with childcare
The committee is looking great with new members joining and we still encourage people to join.
We will be working more on planning with the children to include more areas of learning whilst still having lots of free play.

As you can see we never stop looking forward to improve and we are hoping for anotehr successful year ahead,

Financial report from the Pre-school administrator (Karen Norfolk)

	Current	Reserve
Balance at beginning of year	£61,467	£36,885
Balance at end of year	£68,633	£62,100
Balance of petty cash	£265
Income for the year ended 31 August 2025	£231,679
Expenditure for the year ended 31 August 2025	£197,301
Excess of income over expenditure	£34,378

Income notes

1 Income is higher this year due to numbers of children increasing

2 Full funding received

Expenditure notes:

1 There is a good control of expenses with regular monitoring of our financial position

Our main income remains Government funding and for the current year this totalled £168,733

WORSTEAD PRE-SCHOOL

Independent Examiner's Report to the Trustees of the Worstead Pre-school

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024 which are set out on pages 5 to 10.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1) accounting records were not kept in of the charity as required by section 130 of the Act; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

N D Knight FCA For and on behalf of Welbourne & Co Ltd Chartered Certified Accountants 27 Harwood Road Norwich NR1 2NG

Date: 4th November 2025

WORSTEAD PRE-SCHOOL

Statement of Financial Activities for the year ended 31 August 2025

Note Incoming resources Incoming resources from generated funds: Activities for generating funds 2 Investment income 3 Total incoming resources from generated funds Incoming resources from charitable activities 4 Other incoming resources 5 Total incoming resources Resources expended Costs of generating funds Fundraising trading cost of goods sold and other costs Total resources expended for generated funds Cost of charitable activities 6 Governance costs 7 Other resources expended 8 Total resources expended Net incoming resources for the year Funds brought forward Transfer between funds Funds carried forward	Unrestricted funds £ 619 - 619 214,042 16,803 231,464 - - 184,830 720 11,750 197,301 34,164 64,450 98,614 - 98,614	Restricted funds £ - - - - - - - - - - - - - - - - -	Designated funds £ - 215 215 - - 215 - - - - - - 215 36,884 37,099 - 37,099	Total 2025 £ 619 215 834 214,042 16,803 231,679 - - 184,830 720 11,750 197,301 34,378 101,334 135,712 - 135,712	Total 2024 £ 1,387 531
					1,918 139,459 25,942
					167,319
					-
					- 125,915 897 7,009
					133,821
					33,497 67,837
					101,334 -
					101,334

WORSTEAD PRE-SCHOOL

Balance Sheet as at 31 August 2025

Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand 11 Current liabilities Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Charity funds Unrestricted funds Restricted funds Total funds	Unrestricted funds £ 4,872 953 68,898 74,724 1,111 73,612 73,612 - 73,612 98,614 98,614	Restricted Funds £ - - - - - - - - - - -	Designated Funds £ - - 62,100 62,100 - 62,100 62,100 - 62,100 37,099 37,099	Total 2025 £ 4,872 953 130,998 136,823 1,111 135,712 135,712 - 135,712 135,712 135,712	Total 2024 £ 2,820 796 98,685
					102,301 967
					101,334
					101,334 -
					101,334
					101,334
					101,334

The notes on pages 7 to 10 form part of these financial statements.

The financial statements were approved by the Management Committee on on its behalf by :-

Mrs A Grix - Chair

Mrs N Englestone - Treasurer

WORSTEAD PRE-SCHOOL

1 Accounting policies

a. Basis of preparation

The financial statements 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 financial statements 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 (FRS 102) issued in October 2019 and the Charities Act 2011. The charity constitutes a public benefit as defined by FRS 102.

b. Incoming resources

Income from operating activities in furtherance of the charity's objects is included in the period in which the charity is entitled to receipt.

c. Resources expended

Resources expended are recognised in the period in which they are incurred.

d. Grants

Grants are recognised in full in the statement of Financial Activities in the year they are receivable

e. Funds

Unrestricted funds

These comprise funds which the trustees are free to use for any purpose in furtherance of the charity's objects.

Restricted funds

These comprise funds which have been received but must be spent on a specific type of expenditure.

Designated funds

The designated fund is represented by monies held in the Nat West Reserve Account set aside as a contingency fund.

f. Tangible fixed assets

Individual fixed assets are capitalised at cost. Depreciation is charged at the following rates: - children's equipment 20% straight line - computer equipment 20% straight line

g.

Debtors and creditors

Debtors and creditors with no stated interest rate are recorded at transaction price.

2 Activities for generating funds


Activities for generating funds Funds raising	2025 £ 619 619	2024 £ 1,387
		1,387

WORSTEAD PRE-SCHOOL

3 Investment income Designated funds £ Bank interest 215 215 4 Incoming resources from charitable activities Unrestricted Funds £ Fees 29,364 Norfolk County Council 184,678 Consumables - 214,042 5 Other incoming resources Unrestricted Funds £ Miscellaneous 5,535 Donations 80 Other grants 11,187 16,803 6 Costs of charitable activities Unrestricted Funds £ Wages 134,396 Pensions 1,887 Training courses 2,080 Rent 16,810 Reapirs and renewals 3,891 Children's equipment 13,838 Insurance 1,592 Printing postage and stationery 1,756 Advertising - Website expenses Telephone 1,021 Light and heat 1,637 Craft materials 5,923 184,830 7	2025 £ 215 215 Restricted Funds £ - Restricted Funds £ - Restricted Funds £ - - - - - - - - - - - - - -	2024 £ 531 531 Funds 2025 £ 29,364 184,678 - 214,042 Funds 2024 £ 5,535 80 11,187 16,803 Funds 2025 £ 134,396 1,887 2,080 16,810 3,891 13,838 1,592 1,756 - - 1,021 1,637 5,923 184,830	2024 £ 33,102 106,358
			139,460
			2024 £ 21,429 195 4,318
			25,942
			2024 £ 105,128 1,394 1,242 8,221 4,138 - 1,283 1,062 36 40 946 471 1,955
			125,916

WORSTEAD PRE-SCHOOL

7 Governance costs Independent examiner's fee 8 Other resources expended Refreshments and staff entertainment Cleaning Subscriptions Miscellaneous Depreciation Legal and professional 9 Fixed assets Cost At 1 September 2024 Additions Disposals At 31 August 2025 Depreciation At 1 September 2024 Depreciation for the year Disposals At 31 August 2025 Net Book Value At 31 August 2025 At 31 August 2024 10 Debtors Fees Prepayments Taxation and social security	Children's Equipment £ 15,167 1,043 16,210 12,682 697 13,379 2,831 2,485	2025 £ 720 720 2025 £ 1,856 2,681 2,353 2,117 862 1,882 11,750 Computer Equipment £ 3,711 1,872 5,583 3,376 165 3,541 2,042 335 2025 £ - 953 - 953	2024 £ 897
			897
			2024 £ 647 1,340 1,864 933 2,228 -
			7,012
			Total £ 18,879 2,915 -
			21,793 16,058 862 -
			16,920
			4,873

			2,821
			2024 £ - 796 -
			796

WORSTEAD PRE-SCHOOL

11 Cash at bank and in hand Nat West - Current Account Nat West - Reserve Account Petty Cash 12 Creditors - Amounts falling due within one year Trade creditors Other creditors Taxation and social security Accruals and deferred income	2025 £ 68,633 62,100 265 130,998 2025 £ 220 - 172 720 1,111	2024 £ 61,467 36,885 333
		98,685
		2024 £ 70 109 - 789
		968

13 Trustee remuneration and expenses

None of the trustee received any remuneration during the year.

Trustees were reimbursed for minor charity expenses during the year which were individually always less than £100.

14 Employee emoluments Wages Employer's contribution to defined contribution pension schemes	2025 £ 134,396 1,887 136,283	2024 £ 105,128 1,394
		106,522

The average number of employees during the year was 8 (2023 - 8)

There were no employees who received total employee benefits of more than £60,000.

15 Fund reconciliation

Unrestricted Funds Designated Funds Total Unrestricted Funds Restricted Funds Total Funds	Balance at 01/09/2024 £ 64,450 36,884 101,334 - 101,334	Income £ 231,464 215 231,679 - 231,679 9	Expenditure £ 197,301 - 197,301 - 197,301	Transfers £ - - - - -	Balance at 31/08/2025 £ 98,614 37,099 135,712 -
					135,712

WORSTEAD PRE-SCHOOL

15 Fund reconciliation (continued)

Designated Funds

Designated funds are held in the Business Reserve Account in case of emergencies, redundancies etc. These funds should cover three months trading and redundancy costs. At the year end the balance was equal to the estimate of such costs at £62,100 and therefore no transfer to the account was required.

16 Related party transactions

There were no related party transactions during either this year or the previous year.