## **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.
1
**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
2
**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
3
## **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|
4
## **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
5
## **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|
6
## **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|
8
## **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.
10