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## Ladybirds Pre-School Keelby 

_Charity No. 1043683 — 

Trustees' Report and Unaudited Accounts 

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31 August 2024 

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## Ladybirds Pre-School Keelby Contents 

|.|||Pages|
|---|---|---|---|
|<br>Trustees’ Annual Report|||2to4|
|<br>Independent Examiner's Report|||5|
|Statement of Financial|Activities||6|
|<br>Balance Sheet|||7|
|<br>Notes to the Accounts|<br>-||8to13|
|||;||
|DetailedStatementof|FinancialActivities||14to15|



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**----- Start of picture text -----**<br>
.<br>Ladybirds Pre-Schoo! Keelby . : ‘<br>Trustees Annual Report ce,<br>The trustees present their report with the unaudited financial statements of the charity for the year ended a<br>31 August 2024. oo.<br>REFERENCE AND ADMINISTRATIVE DETAILS mt,<br>)<br>Charity No. 1043683 , ot<br>Principal Office oo<br>Keelby GP School _ ><br>Manor Street ; woe<br>Keelby vas<br>Grimsby , a,<br>TrusteesDN41 8EF ) at!:<br>The following trustees served during the yéar: -<br>S. Chadwick sf<br>B. Hazard ' .,<br>H. Somerscales a<br>R. Wakefield<br>Key Management Personnel - Ast<br>Chair Belinda Hazard a<br>Treasurer/Secretary Helen Somerscales te<br>Accountants ;<br>AG Smith & Co Ltd os<br>Chartered Certified Accountants od<br>Unit 8 Laceby Business Park ol<br>Grimsby 73<br>N € Lincolnshire , Cy<br>DN37 70P ook,<br>Bankers<br>:<br>35BarclaysVictoria BankStreet og: ;<br>Grimsby<br>North East Lincolnshire :<br>DN31 1DL ; _ tf<br>OBJECTIVES AND ACTIVITIES . en<br>The purpose of the charity is to enhance the development and education of children under statutory school ot<br>age by encouraging parents to understand and provide for the needs of their children through community .<br>groups. —_<br>**----- End of picture text -----**<br>


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## Ladybirds Pre-School! Keelby 

## Trustees Annual Report 

## ACHIEVEMENTS AND PERFORMANCE 

In 2023-24, we provided places for 33 children of a pre-school age, with services provided ranging from 15 hours to 30 hours childcare, along with a breakfast and afterschool offering. Our strategy continued to be training our staff to the highest possible levents therefore enabling us to provide the best childcare setting in the local area. , 

We continued to use the EYFS curriculum which is fully implemented in all areas both inside and out. Our links with the primary school are strong, with transition from preschool to foundation class being seamless. We continued to build strong bonds with our parents/carers, who have been supportive of the committee. 

## FINANCIAL REVIEW 

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The charity is primarily funded by government funding for childcare, topped up with fees to parents outside of that funding. The performance for the year shows a net income of £5,558, primarily due to an increase in income combined with an decrease in salaries, reduced b an increase in utilities costs which had previously not been charged. Funds carried forward at the year end amounted to £28,380 and are all unrestricted. 

The reserves policy is to maintain unrestricted reserves sufficient to cover 3 months costs. 

## PLANS FOR FUTURE PERIODS 

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With the support of the parents/carers, the Trustees are continuing working to wards changing the charity into a Charitable Incorporated Organisation, and are currently working with OFSTED to register the new organisation prior to the changeover. 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

The charity is a voluntary organisation and is governed by its constitution. 

The Charity constitutes a public benefit entity as defined by FRS 102. 

Membership of the committee is open to all parents or guardians on the attendance register of the pre-school, and to other persons who are interested in furthering the work of the charity. 

The existing Trustees have the right to approve or reject applications for membership as part of the governing document. The charity must have a minimum of 2, and no more than 8 trustees. 

## Statement of trustees’ responsibilities in relation to the financial statements 

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). . 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

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; Ladybirds Pre-School Keelby veg? Trustees Annual Report 

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Signed on behalf of the charity's trustees 

| Somerscales Trustee 06 August 2025 

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## Ladybirds Pre-School Keelby Independent Examiners Report 

## Independent Examiner's Report to the trustees of Ladybirds Pre-School Keelby 

| report to the trustees on my examination of the financial statements of Ladybirds Pre-School Keelby for the year ended 31 August 2024. : ; 

## Responsibilities and basis of report 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act’). 

| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5}{b) of the Act. 

## Independent examiner's statement 

| have completed my examination. attention. 

   - In the course of my examination, the following matter has come to my 

- ’ the accounting records were not retained in respect of the charity as required by section 130 of the Act; « and 

- ¢ the financial statements do not fully accord with those records. 

During our examination, we were unable to verify expenses to invoices, as these had been provided to the previous bookkeeper who the Trustees, charity employees and my firm have been unable to contact. After performing analytical procedures, reviewing the electronic records, and considering our knowledge of the charity, we believe that these accounts are reasonable and in line with our knowledge of the charity. 

| have no other 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 financial statements to be reached. 

## HEAG Smhith FCCA 

AG Smith & Co Ltd 

## Chartered Certified Accountants 

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Unit 8 Laceby Business Park 

- Grimsby 

' NE Lincolnshire ON37 7DP 06 August 2025 

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## Ladybirds Pre-School Keelby Statement of Financial Activities for the year ended 31 August 2024 

## Unrestricted 

||||Unrestricted|||
|---|---|---|---|---|---|
||||funds|Totalfunds|Total funds|
||||2024|2024|2023|
||Notes||£|£|£|
|Income and endowments||||||
|from:||||||
|Charitable activities|3||120,975|120,975|102,743|
|Investments|4||340|340|30|
|Other|S||-|-|20|
|Total|||121,315|121,315|102,793|
|Expenditure on:||||||
|Charitable activities|6||97,473|97,473|106,867|
|Other|7||18,284|18,284|16,622|
|Total|||115,757|115,757|123,489|
|Net gainson investments|||-|-|-|
|Netincome/(expenditure)|8||5,558|5,558|(20,696)|
|Transfers between funds|||-|-|-|
|Neti<br>e/(expendit<br>et income/(expenditure)<br>before othergains/{losses}||.|5,558|5,558|(20,696)|
|Other gainsand losses||||||
|Netmovement infunds|||5,558|5,558|(20,696)|
|Reconciliation offunds:||||||
|Total funds brought forward|||22,822|22,822|43,518|
|Totalfundscarriedforward|||28,380|28,380|22,822|



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Ladybirds Pre-School Keelby Balance Sheet 

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at 31 August 2024 .<br>Charity No. 1043683 2024 2023<br>£ £<br>Current assets<br>Debtors ; 10 3,685 3,999<br>Cash at bank and in hand $2,127 34,209<br>55,812 38,208<br>Creditors: Amount falling due within one year 11 (27,432) (15,386)<br>Net current assets 28,380 22,822<br>Total assets less current liabilities 28,380 22,822<br>Net assets excluding pension asset or liability 28,380 22,822<br>Total net assets 28,380 22,822<br>The funds of the charity ;<br>Restricted funds 12<br>Unrestricted funds 12<br>General funds 28,380 22,822<br>28,380 22,822<br>Reserves 12<br>Total funds 28,380 22,822<br>**----- End of picture text -----**<br>


Approved by the trustees on 06 August 2025 


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And signed on their behalf by:<br>Mrusteeo- —— /<br>06 August 2025<br>**----- End of picture text -----**<br>


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Ladybirds Pre-School Keelby Notes to the Accounts 

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|Notes to the AccountsAccounts|||||||||,;||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||,||
|theyear ended 31 August 2024|||||||||||
|Accounting poticies|||||||||||
|Basis of preparation|||||||||||
|The financial statements have been prepared in accordance with Statement of Recommended Practice:||||||:||5|||
|Accounting and Reporting by Charities preparing their accounts in accordance with the Financial|||||||.||||
|Reporting Standard applicable intheUK and Republic if Ireland (FRS 102) issued on 16July2014 and the|||||||"||||
|Financial ReportingStandard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the|||||||;||||
||||||||oO||||
|Charities Act 2011.|||||||||||
||||‘||||||||
|The charity is a public|benefit entity.||||||-||||
|Fund accounting|||||||||||
|Unrestricted funds|These are available for use at the discretion ofthe trustees in furtherance of the||||||||||
||general objects ofthe charity.|:|||||||||
|Income|||||||||||
|Recognition of|Income is included in the Statement of Financial Activities (SoFA)when the charity||||||||||
|income|becomes entitled to, and virtually certain to receive, the income andtheamount of|||||:|||||
||the income can be measured with sufficient reliability.||||||||,||
|Income with related|Where income has related expenditure the income and related expenditure is||||||||||
|expenditure|reported gross in the SoFA.||||||||.||
|Donations and|Voluntaryincome received byway of grants, donations and gifts is included in the||||||||;||
|legacies|the SoFAwhen receivable and onlywhen the Charity has unconditional entitlement||||||||||
||to the income.|||||||-|||
|Volunteer help|The value ofanyvolunteer help received is not included in the accounts.||||||;|||||
|Investment income|This is included in the accounts when receivable.||||||||||
|Expenditure|||||||||7||
|Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes anyVATwhich||||||||||
|expenditure|cannot be fully recovered, and is reported as part ofthe expenditure towhich it|||.||||—|||
||relates.<br>‘<br>.|||||||,|||
|Expenditure on|These comprise the costs associated with attracting voluntary income, fundraising||||||||||
|raising funds|trading costs and investmentmanagement costs.||||||||:||
|Expenditure on|These comprise the costs incurred by the Charity in the delivery of its activities and||||||||||
|charitable activities|services in the furtherance of its objects, includingthemaking ofgrantsand||||||,|;|||
||governance costs.||||||||||
|Governance costs|These include those costs associated with meeting the constitutional and statutory||||||;||;||
||requirements ofthe Charity, including any audit/independent examination fees,||||||||.||
||costs linked to the strategic management ofthe Charity, together with a share of|||||||:|||
||other administration costs.||||||||||
|Otherexpenditure|These are support costs not allocated to a particular activity.||||||||||
|Taxation|||||;|||;|-||



for the year ended 31 August 2024 

## 1 Accounting poticies 

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The charity is a public benefit entity. 

## Taxation 

The charity is exempt from tax on its charitable activities. 


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## Ladybirds Pre-School Keelby 

## Notes to the Accounts 

## Trade and other debtors 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## Cash and cash equivalents 

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Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or Jess and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities, In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. 

## Trade and other creditors 

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. , 

## Leased assets 

Operating lease payments are recognised as an expense ona straight-line basis over the lease term. 

## Pension costs 

The charity operates a defined contribution plan for its employees. A defined contribution pian is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. 

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## Ladybirds Pre-School Keelby 

## Notes to the Accounts 

## 2 Statement of Financial Activities - prior year 

|2|Statement of Financial Activities - prior yearyear||||
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total funds|
||||2023|2023|
||||£|£|
|Income and endowments from:|||||
||Charitable activities||102,743|102,743|
||Investments||30|30|
||Other||20|20|
|Total|||102,793|102,793|
|Expenditure on:|||||
||Charitable activities||106,867|106,867|
||Other||16,622|16,622|
|Total|||123,489|123,489|
|Netincome|income||(20,696)|(20,696)|
|Net income before other<br>;<br>gains/(losses)|||(20,696)|(20,696)|
|Other gains and losses:|||||
|Netmovement|movement infunds||(20,696)|(20,696)|
|Reconciliation offunds:|||||
|Total funds brought forward|||43,518|43,518|
|Total funds carried forward|||22,822|22,822|
|3|Incomefrom charitable activities||||
|||Unrestricted|Total|Total|
||||2024|2023|
|||£|£|£|
||Nursery Fees|120,975|120,975|102,743|
|||120,975|120,975|102,743|
|4|Income from investments||||
|||<br>Unrestricted|<br>Total|Total|
||||2024|2023|
|||£|£|£|
||Bank interest|102|102|30|
||Other interest received|238|238|-|
|||340|340|30|



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Ladybirds Pre-School Keelby 

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Notes to the Accounts 

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## 5 Other income 

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||||||||
|---|---|---|---|---|---|---|
|:|Total|Total|
|'|2024|2023|
|£|£|
|Miscellaneous|income|-|20|
|-|20|
|6|Expenditure|on|charitable|activities|
|Unrestricted|Total|Total|
|2024|2023|
|£|£|£|
|Expenditure|on|charitable|
|activities|
|Wages|90,899|90,899|99,114|
|Sacial|security|1,503|1,503|2,439|
|Pension|1,720|1,720|2,295|
|Other|direct|costs|1,575|1,575|1,243|
|Governance|costs|
|Accountancy|1,776|1,776|1,776|
|97,473|97,473|106,867|
|7|Other expenditure|
|Unrestricted|Total|Total|
|2024|2023|
|£|£|£|
|Other|interest|payable|(2,248)|(2,248)|5,821|
|Employee|costs|155|155|510|
|Premises|costs|12,629|12,629|3,038|
|General|administrative|costs|7,552|7,552|5,934|
|Legal|and|professional|costs|196|196|1,319|
|:|18,284|18,284|16,622|
|8|Net|income/({expenditure)|before|transfers|
|2024|2023|
|This|is|stated|after|charging:|£|£|
|Independent|Examiner's|fee|888|888|
|Otherindependentfees|paid examinerto|the|auditor|or|888|888|

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## Ladybirds Pre-School Keelby Notes to the Accounts 9 Staff costs 

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|9|Staff costscosts||||
|---|---|---|---|---|
|||2024,||2023|
||Salaries and wages|90,899||99,114|
||Social securitycosts|1,503||2,439|
||Pension costs|1,720||2,295|
|||94,122||103,848|
||Noemployee received emoluments in excess of£60,000,||||
||Totalemployee benefits received by keymanagement<br>personnel|32,897||33,861|
||Theaverage monthlynumberoffull timeequivalentemployees duringtheyearwasasfollows:||||
||:|2024||2023|
|||Number||Number|
||Charitable activities|3||3|
|||3||3|
||The average monthly number ofemployees (headcount)|during the yearwas as follows:|||
|||2024||2023|
|||Number||Number|
||Charitable activities|7||7|
|10|Debtors|~~|—||
|||2024||2023|
||Trade debtors|3,685||3,999|
|||3,685||3,999|
|11|Creditors:||||
||amounts fallingduewithinoneyear||||
|||2024||2023|
|||£||£|
||Other taxes and social security|21,707||12,187|
||Othercreditors|2,173||1,423|
||Accruals|3,552<br>27,432|:|1,776<br>15,386|



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## Ladybirds Pre-School! Keelby 

## Notes to the Accounts 

12 Movement in funds 

|||||Incoming|*||||
|---|---|---|---|---|---|---|---|---|
|||||resources|||||
|||,|.<br>.<br>(including<br>Atl<br>other<br>.<br>September _— gains/losses||Resources<br>expended|A|At 31<br>t<br>us<br>ue<br>2024||
||||2023|)|||||
|||||£|£||£||
||Restricted funds:||||||||
||Unrestricted funds:||||||||
||General funds||22,822|121,315|(115,757)|28,380|||
||Total funds||22,822|121,315|(115,757)|28,380|||
|13|Analysis ofnet|net assets between funds|||||||
||||||Unrestricted<br>funds||Total||
||||||£||£||
||Net current|assets|||28,380|28,380|||
||||||_—_28,380|28,380|||
|14|Commitments||||||||



## Pension commitments 

The Charity operates a defined contribution pension scheme, The assets of the scheme are held separately from those of the Charity in an independently administered fund. 

|||2024|2023|
|---|---|---|---|
|||£|£|
||The pension cost charge to the charity|||
||amounted to:|1,720|2,295|
||Unpaid contributions due tothe fund are|||
|:|includedinothercreditorsandamountedto:|___—2,173|1,423|



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## Ladybirds Pre-School Keelby Detailed Statement of Financial Activities 

for the year ended 31 August 2024 : 

||Unrestricted|||
|---|---|---|---|
||funds|Totalfunds|Total funds|
||2024|2024|2023|
||£|£|£|
|Incomeandendowmentsfrom:||||
|Charitable activities||||
|Nursery Fees|120,975|120,975|102,743|
||120,975|120,975|102,743|
|Investments||||
|Bank interest|102|102|30|
||340|340|30|
|Other|.|||
|Miscellaneous income|-|-|20|
|.|a0|||
|Total income and endowments|121,315|121,315|102,793|
|Expenditure on:||||
|Charitable activities||||
|Wages|90,899|90,899|99,114|
|Social security|1,503|1,503|2,439|
|Pension|1,720|1,720|2,295|
|Other direct costs|1,575|1,575|1,243|
||95,697|95,697|105,091|
|Governance costs||||
|Accountancy|1,776|1,776|1,776|
||1,776|1,776|1,776|
|Total ofexpenditure on charitable<br>ae<br>activities|97,473|97,473|106,867|
|Other expenditure||||
|Interest on late paid PAYE|(2,248)|(2,248)|5,821|
||(2,248)|{2,248}|5,821|
|Employee costs||||
|Stafftraining|155|155|510|
||155|155|$10|
|Premises costs||||
|Rent|1,000|1,000|2,000|
|Rates|266|266|355|
|Light, heat and power|9,098|9,098|-|
|Premises cleaning|1,873|1,873|1,318|
|Premises repairsand<br>'<br>P<br>maintenance|392|392|(635)|
||12,629|12,629|3,038|




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## Ladybirds Pre-School Keelby 

## Detailed Statement of Financial Activities 

|General administrative costs,|General administrative costs,|||||,|||||
|---|---|---|---|---|---|---|---|---|---|---|
|including depreciation and|||||||||||
|amortisation|.||||||||||
|General insurances|||||||3,869||3,869|3,479|
|Software, !Tsupport and <br>’<br>costs|related|.|||||186||186|325|
|Stationery and printing|||||||1,760||1,760|665|
|Sundry expenses|||||||171||171|368|
|Telephone, fax and broadband|||||||1,566||1,566|1,097|
||||||||7,552||7,552|5,934|
|Legal and professional costs|||||||||||
|Accountancyand bookkeeping|||||||-||-|929|
|Other legal and<br>professional!<br>&<br>prenesst|||||||196||196|390|
|costs|||.||||||||
||||||||196||196|1,319|
|Total ofexpenditure of other costs|||||||18,284||18,284|16,622|
|Total expenditure|||||.||115,757|115,757||123,489|
|Netgains on investments||||‘|||-||-|-|
|.<br>.<br>Net income/(expenditure}|||||||5,558||5,558|(20,696)|
|Net income/(expenditure)<br>me/(exp<br>other gains/({losses)|before||||||5,558|.|5,558|(20,696)|
|Other Gains|||||||-||-|-|
|Net movement in funds|||||||5,558||5,558|(20,696}|
|Reconciliation offunds:|||||||||||
|Total funds brought forward|||||||22,822||22,822|43,518|
|Totalfundscarriedforward|||||||28,380||28,380|22,822|



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