REGISTERED CHARrrY NUMBER: 1042803 Report of the Trustees and FiDV4ncial Statements for the Year Ellded 31 August 2024 for Jack & Jill PrSchool
Jack & Jill Pre-school Contents of the Financial Staten>ents for the Year Ended 31 August 2024 Page Report of the Trustees IndcpeDdeDt Examiner's Report Statement of Financial Activitie5 Balydnce Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities
Jack & Ji]I Pre-school Report of tbe Trustees for the Year Ended 31 August 2024 Tbe tn]8tees Present their report with the financial statemenls of tbe chaTity for the year ended 31 AuEUSt 2024. The trustees hav¢ adopted the provisions of Accounting and Rcporting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing their accounts ID accordance Thitb the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (cff¢Gtive l January 2019). OBJECTIVES AND ACTivfTIES Objectives and ain To enbance the development 2nd education of cbildrcn under statutory school agL by encouragillg parents to UDdersland and provide for the need5 of their childreu through community groups. Significant activities The clty provides day¢are for cbitdren aged 9 montbs to 5 years and wrap around care for children aged 2-12 years old. FINATrICIAL REVIEW Reserves policy At Jack and Jill preschool we are awa of the continuously changing needs and circumstances of tbe group. In order to help safe-guard agaiDSt any unforeseen cir¢llmsthnces we feel it is necessary to maintsin a reserve account. We would like to accumulale approxitnately three moth5 llllming costs in the reserve and for the purpose of this calculation we will take one months runtiing costs to be £26.000. The money in the rcserve account may be used to h¢lp cover th¢ settings overhcads where neccssary. Where possible Ibe setting will accumulate fi]Dds to help ¢oveT expenses such as staff training and exit funds. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The ¢harity is controlled by its governing docum¢nL a deed of trSt and constitutes an unincorporated charity. Organis4tiono1 structure The Members of the Management Committee are as follows: Lynne Batchelor Anne-marie Romaine Katie Coulthard TsteeS and Managemeut Committee membets self-nomiDate for roles and are voted in at the charity's Annual General Meeting. REFERENCE AND ADMtNISTRATtVE DETAILS Regxstered Charity number I042803 ChaTTperson SecrLtary Tr¢a5urer Principal address LittlehaveTh Infant s¢bool Hawkesbourne Road Horsham Wcst Siissex RH12 4EH Trustees TTUStees Miss L Batchelor - CbaiTperson K cou1thd - TTeasureT A Romaine - Secretsry Page I
Jack & Jill Pre-school Report of the Trustees for tbe Ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS P R Collios FCA Warrcn House Accountants Limited 4 The Coutyard Hoin)sted Farxn Staplefield Road Cuckfield West Sussex RH17 5JF Approved by order of the board of trustecs on. and signed on its behalf by: K Coulthard - Trustee Page 2
Independent Examiner's Report to th¢ Truste¢s of Jack & Ji]I Pre-school Independeut examiner's report to the trustees of Jack & Jill Pre-school I report to the clwity trustees on my examination of the accounts of Jack & Jill Pre-school (the TTUSt) for tbe year ended 31 August 2024. Respon4ibilities and basi5 of report As the clwity trustecs of tbe Trust you are responsiljle for the PTeparatioTh of the accounts in ac¢oidanc¢ with the requirements of tbe Charities Act 2011 ('tbe Act,). I report in respect of my cxamination of the TrusL's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission wider Section 145(5)(b) of tILe Act. Independent exaTDiner's statement Since your charity's gross incoKne exceeded £250,000 your examiner tllust be a mejnber of a listed body. I can confirn] Ihat I am qualified to undertake the examination because I arn a member of the Institute of Cbartered Acco]Jntants in England and Wales, which is one of the listed bodics. I havc Lompletcd my examination. I confjrm that no material matteTs bave come to my attention in connectioD with the examination VIllg me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as iequired by Section 130 of the Act" or the accounts do not accord with those iecords" or the accounts do Dot coniply with tbe applicable Tequirements concerning tbe fonn and cotktent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th¢ accounts give a true and tair view which is not a maller considercd as part of au independent examination. I have no concerns and have come acrogs no other matter5 in coKwection with the exan]ination to which allention sbould be drawty in this report in Order to enable a proper understallding of the accounts to be rcached. MSPR Ilins Date". .......... ¢17 Pag¢ 3
Jack & Ji]I Pre-sehool St*tement of Financial Activities for tbe Year Ended 31 August 2024 31.8.24 Unrestrlcted fund 31.8.23 Totsl nds Notes INCOME AND ENDOWMENTS FROM Donations and l¢gacies 134,013 101,374 Other trading activities Invc5tment income 138,438 920 128,569 309 Total 273J71 230,252 EXPENDITURE ON Raising funds 2,751 Charitable actItieS Salaries & social security Staff training and development Rent Expenditure on charitsble activities Office costs Insurance Depreciation 211,725 2,384 12,733 20287 25,521 2,002 8,106 148,432 815 17.400 4,700 21,952 1,962 8.309 Total 282,877 206,321 NET INCOMEI(EXPENDITURE) (9,506) 23,931 RF.CONCILIATION OF FUNDS Total fuuds brougbt fonvard 152.099 128,168 TOTAL FUNDS CARRtED FORWARD 142,593 152,099 The noles forn) part of these financial statements Page 4
Jack & Pre-school Balance Sbeet 31 August 2024 31.8.24 Unrestricted fund 31.8.23 Totsl Notes FIXED ASSETS Tangible a.%sets 29396 37,502 CURRENT ASSETS DebtoTs Cash at bank and in hand 2,614 163J72 1.919 137.266 165,986 139,185 CREDITORS Amounts falling due within one year (52,789) (24.588) NET CURRENT ASSETS 113,197 114,597 TOTAL ASSETS LESS CURRENT LIABILITIES 142.593 152,099 I ET ASSETS 142,593 152,099 FUNDS Unrestricted funds io 142,593 152,099 TOTAL FUNDS 142,593 152,099 The financial statements were approved by the Board of TnteeS and authorised frir issue 1.0 6.1...&.f.. and were SIged Oll its behalf by: on K Coulthard- Tte¢ The notes form part of these financial ststements Page 5
Jack & Jill Pre-school Notes to the Financial Statements for the Year Ended 31 August 2024 ACCOUNTING POLICIES Basis of prepgTing the fmancial statements TILC finallGial stalenllts of thc charity. which is a public benefiÉ entity under FRS 102. have been prepared in accoidance with the CILarities SORP (FRS 102) 'Accounting and Reportinty by Charitics: StateD]ent of Recorntncnded Practice applicable to clwities prepartng their accounls in accordauce with thc Financial Reporting Standard applicabl¢ tn the UK and Republic of ]reland (FRS 102) (eff¢¢tive l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Statldard applicablc the UK and Republic of Ireland, and the ChaTities Act 2011. The financial slatemeDts hiive been prepaTed under the histOTical cost conventioll. Income All income is recogniscd in the StatenienÉ of Financial Activities once the cbarity has entitlement to the funds, it is probable that the income will be received aud the amount C3n be measured reliably. Expenditure Liabilitics are recogt)ised as expenditure as soon as there 18 a legal or constructive obligalion commiltiDg the charity to that expenditure. it is probable that a transfer of ecotlomic beuefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accnthls basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly allributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets DepreciatioTh is provided at the following lUa1 rates in order to Write off each asset over its estimated useful life. Computer Equipment_ 33 % Stralgbt Lille Short Lease Premium- IO/o Straight Line Fixtures & Fittings - 250/. Reducing balance Taxation The charity is exempt from tsx on its charitable activities. Fund accounting UnTCStricted fimds can be used in accordance with the charitsble objectives at the discretion of the trust¢¢s. Restricted fimds can only be used for particular restricted purposcs within the objects of the cbarity. Restrictions arise when specified by the donor or wben futlds are rdised for particular rcstricted purposes. Furtb¢r explanation of the nature and putpose of each Thd is included in th¢ notes to th¢ financial Statements. OTHER TRADING ACTivrrIES 3J.8.24 31.8.23 Fundraising events Session fees Other income 1,169 136.703 566 2,358 125,061 1,150 138,438 128,569 Page 6
Jack & Jill Pre-school Notes to the Finallcial Statements- continued for tbe Year Ended 31 August 2024 ]NVESTMENT INCOME 31.8.24 31.8.23 Deposit account interest 920 309 TRUSTEES, REMUNERATIO]Y AND BENEFITS Ther¢ were no tsleeS, reLUneratiOn or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expense5 There were no trustees, expens¢5 paÈd for the year ended 31 August 2024 nor for thc year ended 31 August 2023. STAFF COSTS The average monthly number of employe¢s during the year was as follows.. 31.8.24 li 31.8.23 Pre school assistance No employees received emolument5 in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FJF4ANCIAL ACTIVJTIES UDrestri¢t¢d fimd INCOME AND ENDOWMENfs FROM Donations and legacies 101.374 Other ts2ding activities Investment incoTne 128,569 309 Total 230,252 EXPENDITURE ON Raising funds 2,751 Charitable activities Salaries & Social security Staff training and development Rent Expendire on charitable activities Office cosls Insurance Depreciation 148,432 815 17,400 4,700 21,952 1.962 8.309 Total 206,321 NET INCOME 23.931 RECONCILIATION OF FUNDS Total funds brougbt fonvard 128,168 Page 7
Jack & Till Pre-school Notes to the Fioancial Statements - continued for the Year Ended 31 August 2024 COMPARATIVES FOR THE STATEMENf OF FINANCLIL ACTIvrrtES . continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 152,099 TANGIBLE FIXED ASSETS Fixtures Short le&s¢hold Coillputer equipment fittings Totals COST At I ScpÉember 2023 and 31 August 2024 74364 3,435 2,159 79,958 DEPRECIATION At I September 2023 Charge for year 39,661 7,436 lJ97 510 1,398 160 42,456 8,106 At 31 August 2024 47,097 1,907 1,558 50,562 NET BOOK VALUE At 31 AUg8t 2024 27267 1,528 601 29J96 At 31 August 2023 34,703 2.038 761 37.502 DEBTORS: AMOUNTS FALLING DUE WJTHIN ONE YEAR 31.8.24 31.8.23 Trade debtors Prepayments 1,154 1,460 516 1.403 2,614 l.919 CREDITORS: AMOUNTS FALLING DUE W]THIN ONE YEAR 31.8.24 31.8.23 Other creditors 52,789 24,588 Page 8
Jack & Jill Pre-school Notes to the Finallcial Statements- continued for the Year Ended 31 Avgllst 2024 io. MOVEMENT IN FUNDS Net movement ID funds At 31.8.24 At 1.9.23 Unrestricted funds Genual fund 152.099 (9506) 142.593 TOTAL FUNDS 152,099 (9506) 142.593 Net rnovement in funds, iucluded in tbe above are as follows: IncomiDg Tesources Resources expelld¢d Moveinent in funds Unrestricted funds General fund 273,371 (282,877) (9,506) TOTAL FUNDS 273,371 (282,877) (9,506) Comparatives for movement in fund5 Net movement in fimds At 31.8.23 At 1.9.22 Unrestricted funds (ieneral fimd 128.168 23,931 152.099 TOTAL FUNDS 128,168 23,931 152,099 Comparative net movement in fuDds, included in the above are as follows.. Incoming resources Resour¢¢s expended Movement in ft]nds Unrestricted funds Geneial fimd 230252 (206,321) 23.931 TOTAL FUNDS 230.252 (206,321) 23.931 Page 9
Jack & Jill Pre-school Notes to the FiDanci81 Stat¢nwits- eontinued for the Yevdr Ended 31 August 2024 io. MOVEMENT ll¥ FUIYDS - conlinued A current year 12 mont% and prior year l2 months combined position is as follows: Net nK)vernent in fullds At 31.8.24 At 1.9.22 Unrestricted funds GeneTal fund 128,168 14,425 142,593 TOTAL FUNDS 128,168 14,425 142,593 A Cuellt year 12 montlL8 and prior year 12 montbs combined net llVeMent in fimds, included in the above are as follows: tncoming resources Rcsources expended Moveinent in ndS Unrestricted funds General fund 503,623 (489,198) 14,425 TOTAL FUNDS 503,623 (489,198) 14,425 ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 AUgLt 2024. Page 10
Jack & Jill Pre-school Detailed Statement of FinAncial Activities for the Ye&r Ended 31 August 2024 31.8.24 31.8.23 INCOME AKD ENDOWMENTS Donations and l¢gY4cies WSCC fijuding 134,013 101,374 Other trading activities Fundraising events Session fees Other incon 1,169 136,703 566 2,358 125,061 1,150 13&438 128,569 Investment income Deposit account interest 920 309 Total inconiing resources 273J71 230,252 EXPENDITURE Other trading activities Fundraising costs Project costs 67 2.684 119 119 2,751 Charlt#ble activlties Wages InsuTance Teleplione Postage and stationery Staiftraining Rent Activities & Equipment Office costs Sundry Prof¢ssional feos Depreciation of tangible fixed assets Bank interest 211,725 2,002 3.332 683 2,384 12,733 211287 14,603 1,361 5,314 8,106 228 148.432 1,962 2.412 848 815 17.400 4,700 12.617 740 5,063 8.309 272 282,758 203.570 Total resour¢cs expended 282.877 206,321 Net (expeDditure)JiDcome (9,5D6) 23.931 This page does not fonn part of the statutory financial statements Page 11