Charity rcgistrdtipn number: 1044128 Little Pippins Preschool Greenmeadow Annual Report and Financial Statements for the Ycar Ended 31 August 2024
Little Pippins Preschool Greenmeadow Contents (continued) R¢ference and Adninistrntive Detsils Thiste¢s' Report 2to3 Staiement of Tnte¢s, Rc5ponsibilities Independent Examiner's Report Statement of Finarkcial ActiTrities Balance Sheet Notes to the Financial Statemen15 8t013
Little Pippins Preschool Greenmeadoiv Reference and Administrative Details Trustees S A Penny J A Jeans Charlty RegA8tr4tion Number 1044128 Prlneipal Office Pen Close Greenmeadow Sivindon Wiltshire SN25 3LW Independent Examiner Mrs Lisa Hobbs FCCA UHY Ross Brooke 16 Dorcan Business Village Murdock Road Swindon Wiltsbire SN3 SHY Page I
Little Pippins Preschool Greenmeadow Trustees, Report The trnstees presen¢ the annual report together with the fin1ClaI Statements of the ¢h4rily for thc ycar cndcd 31 August 2024. Objectives and activities Objects and aims The trustees confm that they have Complied with the requirements of se¢tionl 7 of the Chatities Act 2011 to have due regards to the public bcnefit guidance published by the Charity Comrnission for ETtgland and Wales. All of the charitable activities focus on enhancing the development alld education of children primarily under statutory sdLooI age, ID a safe 3nd caring environment. The main activities are to offer GOOD play cducation and ¢are facilities foT children aged between 2 and 4+ year5 ID the Preschool and provxde affordable out of school provision to 4 local schools for breakfasl and afterschool carc for cbildrell agcd 3 to 10 years old. The ¢hirity offers a balanced and .8timulating curriculum (EYFS) based on appropriate play facilitics, rc50urces and cquipment, ¢nsuring that the needs of every individual is met" providing the same opportunities for all cbildren regardless ofgender, SEND, rdce, cultwe and religion. Strueture, Coyernance and m2nagemtnt The cbarity is 8ov¢rned by the PSLA 2011 ConsÈitution adopted on 5 October 2017. The trustees and committee members shall be elected for one y¢ar at ihe AGM. R¢liring otyicers and committee members are eii8ibl¢ for re-election unless they bav¢ aladY serv¢d on the comtnittee in 3ny capacity for 10 consccutive ycars. Co-opted members may join at xny tirne on the invitstion of the committee but shall retire at the next Afjm. No co-opted member sball serve for more than 6 conscclltive years. In thc cvent of dcath or resignation of an elected ¢ommitt¢¢ membcr, any vacancy shall bc fill¢d until the nexr AGM by a rnemb¢r appointed by the wmmittc¢. Page 2
Little Pippins Preschool GreenmeadoTrY Trustees, Report (continued) Flnancial reviejv The position of the cbarity 8t the year-elld is set oiil in our fanCIal reports and supporting documents. The principle source of incom¢ i8 from Gov¢rnm¢nl Early Years Education funding for 2, 3 and 4 y¢Jr olds. l¢¢s from parents for non-funded childr¢n or additional hours over their governmcllt funded hours. fundraising and grants. The Pre-school holds the rights to set aside incom¢ as reserv¢s against thture ¢xp¢nditur¢. suGh as rcdundancL¢5 and payments ¢0 creditors if the charity was to rcach a position where il had to close in accordancc with a written res¢rve policy. The total rcserves at 31 August 2024 amountcd to £24,054 (2023.. £10.044). All reserves were unrestricted. The trusleeslmanagemenl committee have assessed the major risks to which thc cbarity is expose& in particular relating to operations and finances and are satisfied that systems ar¢ irt place to mttlgdte exposure to the major risks. Thos¢ risks includc staff retention, ongoing increase in natIOal minimum and living wage and the12ck of funded 2 year old accessing the provisions. Fundraising efforts continucd to grow wilh activittes including,. . Bag2School . Raffl¢s Santa Letters and Video . Chrisimas mark¢is . Disco. movi¢ nigbt and Bcdtirnc Stories . Easter Cgg hunt Selling sccond hand unifonn Sponsored Evenl Quiz nights . Summer fun day Government fimding continued to be increosed, bow¢ver th¢ increase in I lo I car¢ along with the increase in minimum wagc meant Little Pippins h8d io fund som¢ vf tlje wages shvrtfall. We have had to spend £l.OQO on recruitment to obtain stsff for the setting. This year we bave continued to re-new resources and equipment in both the preschool. Iwo-year room, afterschool, holiday Club and the garden. A nurnber of largcr ilcJns have had to be replaced this year - these include a laptop and TPads. Thc aDnual report was approvcd by the trustccs of the cbarlty on .................... and signed on its behalf by.. ee Page 3
Little Pippins Preschool Greennieadow Statejnellt of Trustees, Responsibilities The trnslees are respoJ)sibl¢ for preparing the trusleeg, report and the financial slatements in accordance with the United Kingdom Accounting Standards Iunited Kingdom Genetally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees lo prepare financial stateraeats for each fmancial year which ¥iv¢ a tru¢ and fair vi¢w of the slate of affairs of the chaTity and of thg incuming resources and application of resources of th¢ ¢harity for that period. In preparing these financial statements. the trustees arc rcquir¢d to: $¢l¢ct suitable accounting policies and then apply them consistently) observe the methods and ptin¢iples ill the Cbarities SORP. mak¢ judg¢m¢nts and estimatcs thal arc reasonable and prudcnt. state whether applicable accounting stsndaTds bave beeo followed, subje¢t to any material departures discloscd and cxplained in thc financial statements. and prepare th¢ finaucial slatem¢nts on the going concern basis un]¢ss It is inappropriate to presum¢ that the charity will ci)ntinu¢ in business. The truste¢s are responsible for k¢¢ptng proper accounting rccords that disclose with rcasonable accuracy at any tirne the financial position of thc charity and cnablc them to ensure ihai the financial statements ¢omply with the Charities Act 2011. the Charities (Accoullts and Reports) Regulations 2008, and tbe provisions of the constitution. The trustees are also responsible for safeEuarditLg tbe assets of the cltarity and hence for tsking reasonable Steps for the prcvention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity ot thc corporate and financial information included on the ¢haritable ¢ompallYs website. Legislation goveming the preparation and dissemillatioll of financial slatcmertts may differ from legislation in other jurisdictions. Approved by the trustees of the charity on .................... dlld s]ed on its bebalf by: AP¢n P&ge 4
Little Pippin5 Preschool Greenmeadow Independent Examiner's Report to the trnstees of Little Pippills Preschool Greenmeadow T report to the trustccs on rny examination of the accounts of Little Pippins Pr¢School Greenmeadow for th¢ year endcd 31 August 2024. Respon5ibilitie$ and basis of report As the charity tnt¢2S of Little Pippins PreS¢hool Greennieadow you ar¢ responsible for the prcparalion orth¢ accounts in 8c¢ordan¢e with the requirements of the Charities Aci 2011 ('th¢ Acl'l. I T¢POrt in r¢specl of my examination of the Little Pippins Preschool Gre¢nm¢adow's accounts carried out under section 145 of thc 2011 Act and in carrying out my examination I have follow¢d all th¢ applicable Direclions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement Since Little Pippins Preschool fjr¢¢nm¢8dow's gross income exceed¢d £250,000 your examiner must be a member of a body litsted in section 145 ot. the 2011 Act. I confiTm that l am qualificd to widertake the examination bec8use I am a member of. which is one of Ihe listed bodics. I have completed my examination. I confllrn Ihat no malcrial malt¢rs have comc to my attcntion in cOnTrtIon with the examination giving me ¢ause to bclicyc that in any mat¢rial respect: accounting records were not kept in respect of Littlc Pippins Prcscbool Greenrneadow as rcquired by section 130 of the A¢t- or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirem¢tsts ¢onG¢rning the fonll and colltt of accounts sel out itt the Charities (Accounts and R¢portb') Regulations 2008 other than aoy requirement that the accounts give a 'true and fair view wbich is not a znatter ¢onsidered part of &n indEpendeTht exarnination. I bave Do concerns and havo come across llo other matters in connection with the examination to which attention should be drawn in Ihis report in oTd¢r to enable a proper understanding of the accounts to be reached. Mrs Lisa Hobbs FCCA UHY R05s Brooke 16 Dorcan Busia¢ss Village N(urdo¢k Road Swindou Wiltshire SN3 SHY Dat¢:.. Page 5
Little Pippins Preschool Greenmeadow Statement of Finaneial Activities for the Year Ended 31 August 2024 Unrestri¢ted fuDds Tots] 2024 Note Income ¥Dd EndoMTrents from: Donations and legacies Investment income Other income 299.555 299,555 209 325 Total income 508 883 508 883 Expenditure on: ChaTitable a¢tiviti¢s Oth¢r ¢xpenditure (487.964) (487.964) Total expenditure 494.873 494,8731 Net incorne Net movemettt in fijnds 14,OLO [4,010 Recone115ation of funds Totsi fund5 brought foThvard 10,044 Totsl fuDds caryied forward 12 Unrestricted fullds Totsl 2023 Note Ineome 4nd EndoWents from.. Donations and legacies Investment incom¢ Other income 302,846 302.846 109.427 109,427 Total incorne 412280 412.280 Eipenditure on: Charitable a¢tivitie5 Other expenditurc (402,888) (402.888) 6.916 Totsl expcuditure 409,804 409.8041 Net income Net rnovement in fimds 2.476 2.476 Recollclllation of funds Total funds broughi forward 68 Total funds Caled forward l2 All of Ihe charily's activities derive from continuing operalions during the above Iwu pcrivds. The fvnds breakdown for 2023 is showll in not¢ 12. Thc notes on pages 8 to 13 foTm an int¢8Tal part of thcsc financial statemcnt5. Page 6
Little Pippins Preschool GreenmeadoTrv (Registration number: 1044128) Balance Sheet as at 31 August 2024 2024 2023 Note Current 955ets Casb at bank attd in band io 38,891 21,764 Creditors: Amounts fg11ing dve withill one year li 14,837 11,720 Net Sets 24,054 10.044 Fundy of tbe charity: Ullrestricted Income funds Unrestricted fuD( Tot81 funds 12 The financial stat¢ments on pages 6 to 13 were approved by the trustees. and authorised for issue on . and signed on their behalf by.. JA eaDS TNstee The notes on pages 8 10 13 forni an integrdl part of thcse financial slatcmenls. Page 7
Little Pippins Preschool Greenmeadow Notes to the Financial Statements for the Year Ended 31 August 2024 l Accounting policies Statement of compli4n¢e Thc financial statement5 have been prepared in accordance with thc second edition of the Charities Stst¢menr of Recommended Practice issued in October 2019, tbe Financial Reporting stdard applicabl¢ in the Ulliled Kingdom and Republic of Ireland (FRS 102) and the Ch¥ril¢es Act 2011. B15is preparation Little Pippins Prcschool Greetmiemdow meets the definition of a pubIic btDefit entity under FRS 102. The accounts (financial stOt¢ments) have b¢¢n prepared under the historical cost eonvenlioll wirh items recogni5ed at cost or transaction valu¢ unless otherwise stated in th¢ relevant not¢(s) to these ac¢ounl5. Going concern The fman¢iai slatem¢nts have been prepared on a going concern basi5. The charity is dependent on ¢ontinued fvnding from the Gov¢rnment. Th¢ trustees sec no reason why this will ot continu¢. Income and endowments Voluntary incom¢ including donations. gifts, legacie5 and grants Ibat provide core funding or are of a general nalmre is recognised when the charity has entitlemcnt to the income, It is probablc that ihe income will be received and the amount ¢an be mca5ured with sufficicnt reliability. Grants re¢eiv#ble Grants are recognised whcn th¢ Charity has an cntitlemcnt to the funds and any conditions linkcd to the grdnts have been met. Wherc pcrfoTmance conditions arc attachcd lo the grant and are yct lo be met, the incorne is recognised as a liability and included on the balantt sbeet as defetred incom¢ to be released. Investment income Income from interest is in¢luded in th¢ ¥c¢owits when r¢ceipt is probable and the amount re¢¢iYable can be measured reliably. Expenditure All expendiMr¢ is reCOlS¢d once thcr¢ is a legal or cons1ClIve obligation to that expenditurc. it is PTobabl¢ settlement is required and the gmount can bc mcabured reliably. All costs arc allocated to the applicable ¢xp¢nditl heading that aggrcgalc similar wsts to that catcgory. Where costs cannot bc directly attribut¢d to particular hcadings tb¢y have been allocated on a basis consi5tcut with the use of resources. with central staff Costs allocatcd on the basis of lime spent. and deprecialion chargcs alloLkltcd on the portion of the abs¢I's use. Other support ¢osls ar¢ allocated based on th¢ sprcad of staff Costs. Support costs Support costs includc Central fiJnction5 and havc becn allocat to activity co$t categories on a basis conslstent with tbe use of resources, for example. allo¢ating property costs by lloor areas, or per rapita, staff Costs by the time spcnt and other costs by their usage. Page 8
Little Pippins Preschool Greenmeadow Notcs to the Financial Statements for the Year Ended 31 August 2024 (continued) Governance Costs These include Ihe costs attributable to the charity's compliance with constilulional and slatutory requir¢menls, including audit. Strategic rnandgcmcnt and trus*¢s meetings and reimbursed expenses. Government grants Govemmeni grnnts are reColsed based on the accrual model and are mcasured ai ibe fair value of the asset received or receivable. Grants are classified as relating either to reveiiuc or to asscts. Grants relating to T¢v¢nue arc recogDised in incomc ovcr thc period in which the related costs are recogThiscd. Grants relating to assels are recoEnised over the expected useful lifc of thc asset. Wh¢r¢ part of a grant relating to an asset 15 deferTed. it is r¢cogn15ed as deferred income. Taxation The chaTity is considcrcd lo pass ihe tests Set out Paragraph I Schedulc 6 of the Financ¢ Act 2010 and therefore it meet5 the definition of a charitable company for UK eorporalion tax purposes. Accordingly, tbe ¢harity IS POten(ially exempt from taxation in respect of incomc or capAtsI gains received within cat¢gories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seciion 256 of the Taxation of Chargeable Gains Act 1992, to th¢ ¢xt¢nt that such income or gains are applicd cxclusively to charitable purposes. Casb and easb equival¢nts Cash and cash equivalcnts comprise cash on hand and call dcposits, and other short-terni highly liquid investmenls that are readily convertible to a knomm amount of cash and are subj¢¢t tu an insignificant risk of change in value. Fulld structure Unr¢stricted income funds are gcneral funds that arc available for use at the trustees discretion in furtherance of the objectives of thc charity. 2 Income from donatiolls and lepcles UDrestri¢ted funds GenerAI Tot41 funds Giants. including capil21 grants. Gov¢rnm¢nt grants 299 555 299,555 Total for 2024 299.555 299 555 Tot for 2023 302,846 302 846 Page 9
Little Pippins Preschool Greenmeadow Notes to the Financial Ststements for the Year Ended 31 August 2024 (continued) 3 Charitable Activitie5 Unrestri¢ted funds Gener81 Totsl Funds Fees Fundraising Total for 2024 Total for 2023 205.514 205.514 3.811 209.325 109 427 209 325 109 427 4 Investment income Unrestrieted funds General Tot*1 funds Enterest receivable and sirnilar income. tnterest receivable on bank dep051ts Total lor 2024 Total for 2023 5 Other upenditure Uorestri¢t funds General T&tAI funds Not¢ Allocatcd support Costs 6,909 Total lor 2024 6.909 6.909 Total for 2023 6.916 Pag¢ 10
Little Pippins Preschool Greenmcadow Notes to the Ftnancial Statements for the Year Ended 31 August 2024 (continued) 6 Analysi5 of 2overnAn¢¢ and support costs Unrestricted runds G¢nèrg1 Totsl funds Indepcndent examination fees Administrdtion costs 1.170 5.739 6,909 1,170 5,739 6,909 Total for 2024 TotAI for 2023 6,916 6.916 7 Staff r05ts The aggregate payroll costs were as follows: 2024 21123 Stsff tosts durin£ the year were- Gross Sal1¢5 Employer's national insurance Employ¢r's pension ntribution Staff training Wages and salaries 397254 18.577 10.514 2,131 428,476 325.030 14.672 8,486 1,831 350,019 The monthly average numb¢i of persons employed by the charity during the year were 24 (2023.. 22) No employee received emoluments of more than £60,000 during yeaT 8 1Ddependent examiner's remuneration 2024 2023 Examination of thc financial statements Pagell
Little Pippin$ Prescbool Greenmeadow Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 9 Taxadon The Charity is a registered charity and is therefore ex¢mpt from taxation. 10 Cash and eqsh equivalents 2024 2023 Cash on hand Casb at bar Short-terni deposits 54 21.501 209 21.764 38,678 212 38,891 11 Credltors: amounts falling due witlth one year 2024 2023 Other creditt>r5 14.837 11.720 12 Funds Balance 8t I September 2023 Resources pended Balance At 31 Au£u5t 2024 resources Unrestrlcted lund$ General 10,044 BAIAn¢e at I September 2022 508.883 Incoming resources 1494,873 24.054 Balance at 31 Auzust 2023 Resource5 pellded Unrestricted lunds GeD¢ral 7,568 412.280 Page 12
Little Pippins Preschool Greenmeadow Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 13 An4lysls of net assets between funds Unrestricted Total funds At 31 funds August General 2024 Currcnt assets cettt liabilities 38.891 38,891 14.837 Total net Sets 24.054 24.054 Unrestri¢ted Total funds At 31 funds AuEUSt General 2023 Current assets Current liabilities 21,764 11.720 21.764 11.720 Total net assets 14 Allalysis of ll¢t funds At I September 2023 At 31 August 2024 Cash at bank and in JMd 21.764 Net debt 21.764 At I Seplember 2022 38.891 At 31 August 2023 Cosh at bank and in hand 21.764 Net debt 17.598 Page 13
Little Pippins Preschool Creenmegdow Detailed Statement of Financial Activities for tbe Year Ellded 31 August 2024 Total 2024 Total 2023 In¢ome and Endowments from: Donations and legacies (aoalysed below) tnvcstment income (analyscd b¢low) Other incotttc (analysed below) 299,555 302,846 209.325 109,427 Total income 508 883 412280 Expenditure OD: Charitsble activities (analysed below) Other expenditure (analysed below) (487,964) (402,888) 6.916 rolal expenditure 494.873 409.8041 Net iticome 2.476 Net movement in funds 14,010 2.476 Reconciliation of funds Total fimds brought forward Total funds caled forward 24.054 10.om This pag¢ does not forni part of the stamtory financial statements. Page 14
Little Pippins Preschool GreenmeadoTrv Detailed Statement of Financial Activities for the Year Ended 31 August 2024 {CODtinued) Total 2024 Total 2023 Ilvnalions and legacies UK Govenunent grants 299 555 299,555 302 846 302 846 IAvestmeRt Interest OD cash deposits Charitable activitie Fees 205,514 105,028 Funthaising 209 325 109,427 Choriloble Qcrfrvities Wages and salaries 4uipment costs In8uratLce Building ¢osts Unifornis Refreshments Activities Telq)hone and fax Office expen5CS Trade subscriptions Sundry exp¢nses {428,476) (4.035) (1,220) (19,869) (1,765) (5.331) {9.908) (4.107) (11,086) (1.818) 349 (487,964 (350,019) (6.502) (2,326) (17,810) (1,930) (4,413) (7.786) (2,000) (9.626) (476) 402.888 SHpport 47n4¥overnance costs Ind¢pend¢nt aaminer's f¢¢ Administration expenses (1,170) 5,739 6,909 {1,020) 6.916 This pagc does not forni part of the statutory financial statements. Page 15