Charity registration numbtr.. 10441?8 Little Pippins Preschool Greenmeadow Annual Report and Financial Statements for the YearEnded 31 August ?023
Little Pippins Preschool Greenmeadow Cont¢nts {¢ontinu¢d) Reference and Athninistrative Details Trusi¢e5' Report 2to3 StOt¢m¢nt of Twstees, Responsibilities Independent Rvmin&s Report Statement tsf Finattcial Activities B2ianee Sheet Notes io ihe Fin¥ncial Slatements 8t013
Little Pippins Preschool Grecnmcadow Reference and Administrative Details Trustees S A Penny J A Jeans Charity Reglstr&tion Nrnber I0441?8 Prirtelpal Office Pen Clo Greeomeadow Swindort Wilishire SN?5 3LW IMd¢p¢ndent Examiner Mr$ Lisa Hobbs FCCA UHY Ros5 Brooke 16 Dorcan Business Village mUrdK Road Swindon Wiltshire SN3 SHY Page I
Little Pippins Preschool Greenmeadow Trustees, Report ]lie trustees iYe5eJit the amiual r¢pott iogethtt with the fancial ststement5 of the Charity for the ye&r ended 31 August ?OJ? . ObJectiwe5 and activltAes Objects and aims The lrnstees confm th2t they have cornplted wilh the requtrements of section17 of the Charities Act ?01 I to have due regards to the public benefjt guidance published by the Charity Cotnmis5ion for Ellgland and Wales. All of the ¢haritable xtivilies focus on enhancinu rhe development and edUCaric of children priMlI[Y under statutory school ag¢, in a safe aDd caring environrnent. The main activities are to offer GOOD play education and care facilities for childn a&red bet¥veen ? and 4+ years in the Prescliool and provide affordable oui of school provision 10 4 local h0o[S for bre2Lfasl and afierschool care for children ed 3 to 10 years old. The charity offers a balanced and stimulating curriculurn IEYFSI based on appropriate play facilities, resource5 and equipmenr, ensuring that the needs of tvery individual is met- providing the same opporvjnities for all ¢hildr¢n regardless of gender, SEND, race, culturc and religion. Struetur< Governanc¢ #d manzgtmtnt The charity is governed by the PSLA ?0 I I Con5tiwtion adopted on S O¢1ot¢r 2017. The twstee5 and committee members shall be elected for one year at the AGM. Rettring officers and eommitt¢e embers are eliuTrible for re-e1ectlci unless they have aIready served on the eommittee in any capacity for 10 consecutive years. Co.opied membe[5 rnay join at any time on the inviratioD of the committtt bJt shall retire at the next AGM. No cfropted member shall serve formore than 6 consecutive years. In The event of death or resignation of an elected cornmittee member. aTJy Ya¢ancy shall be filled until the next AGM by a member appoIted by the committee. Page ?
Little Pippins Preschool Greenm¢adow Trustees, Report (continued) Flnaneial view The position of the Charity al the year-end is Set out in our fmancial repons and supporting documents. The principle Source of income is from GOV¢ment Early Years Education thnding for ? 3 and 4 yearold& fee5 from par¢nt5 for non-funded cht]dren or additional hours over their govenjmenr fijnded hours. firndraising at¥J grants. The Pr&s¢hool hold5 the rights to set aside income as reserve5 again51 fvture expenditure, such as redundancies and payrnenis to creditors if The charity was to reach a position where it had to c105e in ac¢ordan¢e ivith written reservepoliey. The total re5eryes at 31 Au&wsc ?0?3 amounted to £10,0441?Oll? .. £7.568}. All re5etves were unrestricte(L The trusteeslm8nagemenl comtnittee have alssed the Jnajor risks to which the Charity 15 exposed, in parti¢ular relatiTtg to operdtions and finwices and are swisfied that systctns are in place to niitigate LipK)sure to the inajor risk5. Those risk5 include COVID, staff retention, ongoing increase in national minillium and living wage atid lhe la¢k of fvnded ? year old accessi8 rhe provisions. FundraisDn&* efforts continued to grow with activities including.. Ba?SChool . Raffles . Santa Letters and Video . Christmas crafts . Dfftsco. movie night and Bedtim¢ Stories Mothers day ar Easter event • Sellin¥ second hand unifomi Toy sale Quiz niL'hts ommtssioft trom Label Plant •Sponsored scavenger hullt • Summer day Governint fvnding conrinu¢d to be increased, however the increased in one to otte eare 8long with the i]icrease in minimum wo8e meant Little Pippins had to fijnd some of ihe wages sh¢Ntfall. This year ive have continued to renew resourees and equipmeni in both the preschool, twfyye4r m¢mJ, afters<hool. holiday club and the &Farden. The presehool speni over £4,000 setting up the b2by room which is due to open in September. A number of Iger items have bee]] replaced this year includin&y a laptop, ipads. rnicrow8Ye and frid&tre. Nearly £ 1,000 was spent oll an ¢lectric changin¥ table for our SEND children. We renewed a loi of oknr sensory toys and spellt over £5.000 on th¢ photocopier. The arjnual POrt was approved by the trnstees of the charity on.Ib.:Ol¥: tsa)d signed on its behalf by.. SAP T]USlee Page 3
Little Plppins Preschool Gr¢enmeadow Statement of TrusteÉs' R¢sponsibilities The ITUStee$ are responsible for preparin¥ the trustees, report and the financial statements in accordauce with the United Kin&ydom Accountin¥ Stsndard% (United Kttlgrdom Generally Accepted Accounttng Ptactice) and applicable law and regulations. The law applicable to charitte5 requires the tte¢S to prepare f]nan¢ial statemer]ts for each fu)anciil year which gtve a trne and fair view of the stale of aftair5 of the charity and of the incoming resources and applicarion of resources of the charity for thatperiod. In preparing these fm8n¢ial Statements, the trll5tees are requRr¢d to.. Select suitable accollnting p)li¢ies and then apply them consistentfy. observe the methods and principles in th¢ Charities SORP,. mak.e judgements and e5tiinates that are reasonable and pnthnt. slate whether applicable accounting Standards have been followed, 5ubieet to Any erial deparnres disclos¢d and explained in ¢he flliancial statements,. and prepare th¢ financial statements on the going concern basis unless it is inappropriate to presutn¢ that the charity will continue in busineyJ. The trusrees are responsible fork-eepllig proper a¢countinÈ records that disclose with reasonable accuracy at aTry time the rjineal position of the charity and enabk ihem to ¢]]5ure that the fLnancial ststements Comply with the Ch*ities Act 1011, the Charifies IAceount5 and Repor(sl Regulaiions ?008. and the provision5 of the constilution. The twstees are also responsible for safe¥Juarding the assets of the Charity and hence for taking reasonable steps for the prevention and detettion of fraud and other iTTegularities. The trnstees are responsible for the maintenan¢¢ aThl integrity of the Corpo¢ and fthancial inftirmation included on the charttabl¢ company's website. Le8isl&tion governing the preparauon and dissemination of rmancial statements may differ from legislation kn other jurisdictions. Approved by the tnistees ofthe eharity on .l&.Q.4-."3fj and signed on ir5 behalf by.. enny Trusiee Page 4
Little Pippins Preschool Gr¢enmeadoiv Independent Examlner's Report to the trustees of Little Pippins Preschool Grecnmeadow I report to ihe tnJ6iees on my examiiiaiion of th¢ accounts of Little Pippin5 Preschool Gttenm¢adow for the year ended 31 August ?0?3. Responsibillties and basis of report As the charity twstees of Liitle Pippins PreS¢hool Greenmeadow you are reSnSIble for the prepardtion of the aecounts in accordance with the requirements of the C.harilies Act ?01 I I'rhe Act'l. I report in respect of my examatIon of th¢ Littlt Pippin$ Preschool Greetuneadow's accounts Caled out under section 145 of the ?01 l Act and in out my exan]ination I have followed all tb¢ appli¢able Directi¢)rLS given by the Charity Commission under section 14515Nb) of the Art. ldePendent examiner's statement Sinc¢ Littl¢ Pippins Presch)1 Greeruneadow's gros5 incoine exc¢eded £?50,000 your examiner musl be a member of a b(Y lisd in 5ecrton 145 of the ?011 Att. I conlinn Ihat l am qualified io undertak'e the examination because l ajn a member of , which is on¢ of the listed l)odies. I have compleled rny examination. I confm that no material matters I¥¢ corne io my attention in collnection wirh the examitjation giving me CaSe to believe th& in any material re5peet'. l. ac¢ounting records were not kept in iespect of Little Pippins Preschool Gre¢nm¢adow as required by section 130 of ihe Act,. or ? the Ount$ do not accord wilh ihose r¢cords' or 3. the accounts do not con]pty with the accounting requirements cone¢ming rht forni and content of accounts set out in the Charities (Accounts and Rep)rts) Regulations ?008 other than any requirement ihal the ac¢ouTrts grv¢ a -true and fair view. which not a m&trer considered &5 Wdrt of an independent eAamination. have no concerns and have tome across no other matters in conne¢tion with the examination to which atteption Ahould be dr4wn in this report ui order to enable a proper understaDding of the accoDnts lo b¢ reached. Mrs Lisa Hobbs FCCA UHY Ros5 Brooke 16 Dorean Business Village Murdock Road Swindon Wilishir¢ SN3 SHY Dasr... pe5
Littl¢ Pippins Preschool Greenmeadolv Statement of Financial Activities for the Year Ended 31 August 2023 Uttrestricted funds Totsl 2023 Note Ineorne Endowrnents frorn: Donations and le8aci¢s Investment income Other income 302,846 302,846 109427 109.427 Total income 412280 412.280 Expendlture OD: Charitable actiYitie5 Other expendi Totat expenditure (401888) {402,888) Net income 2.476 Net movement tn funds 2,476 2.476 RecoDelli&ttoD offundy Total ndS brOght forward 7.568 Total funds UTEi¢d fonvard 12 10.044 Unre5triet¢d rund$ 10.044 Totsl 2022 Nott Income 4Dd EDdowments from: Donations and legacies Inve5tm¢nt in¢om¢ Other income 240970 240,970 102 171 102 171 Tot41 income 343 142 343 142 Expertditur¢ oll: ChariEable activities Other expenditure (352,677) 16.844 (352.677) 6.8441 Total ¢xpenditure 1359.521 1359 521 N¢t expenditure Net movernent in fjjnds 16.3791 {16.379) (16 J79) Rec0ClI18t1Oll of funds Total funds brought forward Total Trds ¢aled foTward 23.947 12 7.568 All of th¢ Charits aciivitie5 derive frorn continuing operations during the above two p¢ricxls. The breakdown for 2022 is thown in not¢ 12. The rbotss on pages 8 w 13 fom) an integral part of thes¢ finan¢ial statements. Pa8¢ 6
Little Pippins Preschool Gre¢nm¢adow (Registration Dumb¢r: 11144128) Bal4n¢e Sheet as at 31 August 2023 2023 2022 Note Current a$5¢ts Cash at bank and in hand 10 21,764 17.598 Creditors: ArnouNt$ falllng dut within one year 11.7201 10.030 Net assets Fund5 of the charity: Unrestritted in£ome fuods Unrestrictcd funds Totsl funds 12 The f]n2nc al statements on pages 6 to 13 were approved by the trustees, and authorised for issue on Ib.,o.¥..14 and sigued on their behalf by: J A leans Truste¢ The lloies on pag¢s 8 to 13 form an inlegrdl part of these financi statements. Page 7
Little Pippins Preschool Greenmeadow Notes to the Finanrial Statcments for the Year Ended 31 August 2023 l Aceovnting polici Stalement ofcompligRce The fthancial sratemenis have been PTepared in accordance with the %cond editton of the Charities Staternent of RecornTnended Practice issued ID October ?019, the Fillancial Reporting Standard applicable in the United Kingdom and Republic of Irejaod IFRS 10?) and the Charities Att ?01 l. B¥$is of pr¢par¥tion Liltle Pippin$ PreS¢hool Greentneadow meets the defjnirion of a public benefjt entity under FRS 10? The accounts Iflnancial sthtemenrsl have been prepared under tb¢ historical e051 convention with Ètem5 reco¥nised at eost or transaction value unless orhenyise stated ui the relevant not¢($) to thesc accoun Going toncern Th¢ fujancial slatements have been prepared M a going eoncem basis. The charity is dendent on continued funding from the GoYenllnenL The trusrees see no retson why this will nor continue. Income and end4bwments Volunrary income including donations, gifts. legocies and grants that provide Core ndJr or are of a general nature is reto¥nised when ihe charity has ¢ntitletnent w ihe income. it ts probable that the income will be received atrf the ainount can be measured with suffjcient reliability- Grants reetjVAble Grants are recogni5ed when the chariry has gJJ entitlement to the li]nds 2nd any conditions linked to the uTant5 have been mel. Where perfomance condirions are attarlied to the gTant and are yet to be met, the inconie is recognised a liability and included on the balan¢¢ sheet as deferred iEJ¢ome to be released. Investment ineome In¢oine from interest is inclvded in the accounts when Teceio i% probable and the amounf receivable can b¢ easured reliably. Expendilurt All expendimre is recognised on¢¢ there 15 a le¥al or constrnctive obligation to that expenditure. it is probable settlement is required and the amount can bc measured reliab,. All eosts are allocated to the applicable cxpenditure heoding ihar aggregate similar costs to tha( caiegory. Wh¢r¢ costs eanrtot be directly attributed ro partieular headings they have been allocated Im a basis consistent with th¢ use of resoui¢es with central staff osts ollocat¢d on the ba515 of time spenr. and depreciation charges allocated on the portion of the a5set'"5 Use. Oiher support ¢osts are allocaled basedon the spread of staff tosts. spp0v( eosts Suppon costs include centrdl functions and have been *Lllocated to artiviry Cost ¢at¢&TOEies on a basis consistent with the use of resourc¢s. for example, alloeaiing propeny costs by floor are4 or per capita, Staff cosrs by th¢ tinie spent and other costs ty tbeiT Usage. Page 8
Little PippiD5 Preschool GreenEne2dow Notes to the Financial Statern¢nts for the Year Ended 31 August 2023 (continued) Covernance costs These include the costs attiibutabl¢ to tbe tharity's ¢ompliance with constits]tional and statutory requiremen including audit. strategic managem¢Dt atMI trustees meetings and r¢imbuT5ed expenses. Government grants Govenunent grants are recognised based on the a¢¢n]al model and are measured at the ftir value of the asse¢ received or receivabl¢. Grants are Cla]rIed as relating either ¢0 r¢venue or to assets. Grants relating to revenue aTC recogftised in income over the period in wbith th¢ relat¢d costs are reco]sed. Grants relating to assets are recognis¢d over the expecied use1 lif¢ of the &%set. Where part of a grdnt relating to an ass¢t is defe[Te it is recognised &s deferred incom Taxatio The )lty is considered to p&ss the tests set out in Paragrdph I SUle 6 of the Finance Au 2010 and therefore it meets th¢ defmition of a charitable company for UK coJporation tax purposes. Accordingly, the charity is potentially exempt from taxation rn respecr of iTrcorne or capital gains received withill categories covered by Chapter 3 Part I l of the CoTPOAtion Tax Act 2010 QT Section 256 of the Taxati¢)ll of Chargeabl¢ G21S Aet 1992, to the exient that such income orgains are appli¢d exclusively to eharitablt purpose5. Cash tayh equivalents Cash and cash quivalent5 coinpri5e cash on hand and call deposits, and other short.terni highly liquid investments that are r¢adily convertible to a known 8mowLt of ¢ash and are subj¢ct to pn insignifica[ rtsk of change in valu& structure Unrestricted income funds are g¢neral funds that are availabl¢ forwse at the tn)stees di%retiOD in furtheEance of the objeciives of the charity. 2 Income from donatiotKs legacl Unrestricted fund5 General Total funds Grant4 including c8pitRI grants. GovaThntht grants 302 846 Totsl for 2023 302.846 302.846 Totsl for 2022 240,970 Page 9
LSttle Pippins Preschool GreeLmeadow Note5 to the Financial StatemeDts for th¢ Year Ended 31 August 21123 (continued) 3 Charitable gttivities Unr¢stri¢t¢d funds Generthl Total Funds Fees Fundraising Total for 2023 Tol81 for 21122 105,028 IOS,W28 4.399 109 427 109 427 102 171 4 Investment Intome Unrestrleted funds General Total funds Inrerest receivable and sitnilar incom¢', Interest receivable on bank deposits Total for 2023 Tot81 for 21122 5 Other expenditure UDre$trkted runds General Total fund5 Note Allwated support costs Total for 2023 Total for 2022 Page 10
Little Pippins Preschool Gre¢nMeadow Notes to the Financial Statements for the Year Ended 31 August 2023 (continued) Analysi5 of governance and support tosts Unrestrtcted funds Gen¢ral Total funds Jndep¢nd¢nt examination ftes AthDini%tration costs 1.020 5.896 1,020 Total for 21123 Total for 2022 The aggregate payroll $ts w¢re a$ follows: 2023 2022 Gross salaries Employer's national insuranee Ernployer5' pension coniriburion stsff training Wages Ind 5¥18rie5 325,030 14.672 8.486 1,831 350,IJ19 286,758 11442 7,786 2,747 309,733 The monthly average number of persons ¢mploy¢d by the charity during the year was 22 {2022.. ?21 No employee receiv emolurn¢nts of more than £60,OC4) during the year. Independent ¢Yatniner's remunergtio 2023 2022 Examination of the funCIal 5tatem¢nts Page 11
Little Pippins Preschool Grttnm¢adoiv Notes to the FiDall¢ig1 Statements for the Yelr Ended 31 August 2023 (continued) 9 Taxatiom The ¢h¥rity is a registered charity and is therefore ¢xempt from tsxati(ffl. JO C#$h and t#$h equivaleftts 2(J23 2022 C&sh on hartd Cash at bank Short-term dep)sits 54 21,501 209 13.888 IJ CredltOFS: amounts faulng due wlthln one year 2023 2022 Other creditors 12 Funds Bsiance at I September 2022 Incoming resources Rtsoure ¢xp¢nded Balance at 31 August 21123 Unrestrieted funds General 412.280 Intornlng resources 1409.8041 R¢50ur<e5 ¢xp¢nded Balanct at I September 2021 Balan¢¢ at 31 August 2022 Unrestricttd funds General 23.947 343 142 1359 521 Page 12
Littl¢ Pippins Preschool Greenmeadow Notes to the Financial Statements for the Year Ended 31 August 2023 (continu¢d) 13 Analysis ofnet assets between funds Unrestrieted Total furhds at 31 funds August GenerAI 2023 Cunynt &ssets Current liabilitie5 21,764 11.7201 21,764 111.720 Total net ets UnrestrIet Total fund5 al 31 nd5 Augus¢ General 2022 Cunent assets CutTent liabiliiies 17,598 10.0301 17,598 10.030 Total nei &ssets 14 knthtysis of net Imnds At I Septemr At 31 August 2022 2023 C&sh at baDk and in hand 17.598 Net debt At I Septemb¢r At 31 Amgusl 2021 2022 Cash at batlk and in hand Net debt 17.598 Pag¢ 13
Little Plpplns Preschool Gr¢enmtadow Detailed Statement of Financial Activiti¢s for the Year Ended 31 August 2023 Total 21123 Totsl 2022 Inrne snd EDdowrnents from: Donalions &nd legacies (analysed below) InvestrDent income (analysedb¢low) her income (analysed below) 302,846 240.970 109 427 Tot21 income 412 80 343 142 Expenditure on: Charitable activities (amalysed below) Other expenditure (analysed below) (402.888) 6.916 (352,677) Total expenditure 1359 521 Net incomel{expenditure) Net movement in funds 2.476 (16,379) Recoll¢ili8tl(bn of fuDd$ Totsl funds brought forward Total ndS carried forward This page does t fonn part of th¢ statOry finaneial ststements. Page 14
Little Pippins Preschool Greenmeadow Detailed Statement of Financial Activiti¢$ for the Year Ended 31 August 2023 (Continued) Total 2023 Total 2022 UK Government grants 240 970 240.970 Invathientlheome Interest on e4sh deposits Cht7ritabk 4cllwlde$ Fees Fundraising 105.028 98.920 102 171 Charltsble acllvlii Wages and SaIleS EquipTncnt costs Insurance Building wsts Unifornis RcfrE5hnLents Activities Telephone and fax Office expenses Trdde subscriptions Sundry exp¢nse$ (350.019) (6,502) (2,326) (17,810) (1,930) (4.413) (7.786) (2,000) (9,626) (476) (309.733) (562) (2,165) (11,912) (1,009) (3,727) {10,405) (825) (11,193) (1.2141 68 1352 6771 1402.888 Supptprt 0ndg0vernCt costs Independent exaTt]in&s fee Administration expen (1,020) (960) 5.884 6.916 This page d(*$ not forni part of the 5tstutory fmartial statements. Pa8e 15