Charity number: 1044563 Fledgelings Pre-School Playgroup For the year ended 31 July 2024 Fledgelings Pre-School Playgroup Contents Page For the year ended 31 July 2024 |Report of the Trustees|1 to 3| |---|---| |Independent Examiner's Report to the Trustees|4| |Statement of Financial Activities|5| |Statement of Financial Position|6| |Notes to the Financial Statements|7 to 9| |Detailed Statement of Financial Activities|10 to 11| ## Fledgelings Pre-School Playgroup Report of the Trustees For the year ended 31 July 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 July 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Chair's report** I would like to start by saying a massive thank you to ALL the Fledgelings Pre-School Staff, who continue to provide such a nurturing, enriching, positive setting. Your dedica-tion and time given to all the children, and their families too, is deeply appreciated. Fledgelings is a very highly respected preschool, and this just echoes into the community. Exciting Changes This Year This year at Fledgelings Pre-School, we have witnessed some positive changes: New Sensory Room: This new space is a fantastic addition for the children, offering them a place to explore and learn in a calming environment. Garden Expansion: The removal of the shed has enlarged our outdoor space, providing more room for play and activities. We experienced some staff changes that were handled seamlessly: Due to long-term ongoing health issues, Gemma decided to part ways with Fledgelings. We are grateful for her contributions and wish her well. We were fortunate to have Phoebe join our team. She has integrated effortlessly into her role, and it feels like she's been part of our family forever. ## Fundraising Efforts Fundraising this year has been less hands-on than in previous years. However, we managed to secure funds through: Tesco Appeals Grants Donation days Sustainability fees These have been vital in supporting our setting. Looking forward, I hope we can engage more in community fundraising next year, understanding that life gets busy for everyone. ## Call for New Committee Members With our limited numbers, it is an idea that we recruit new committee members to aid with fundraising and events. A big thank you to the Committee for all their voluntary work. Your commitment, despite personal life and commitments, is instrumental to our success. Looking Forward I eagerly anticipate watching Fledgelings Pre-School continue to grow in the coming year and seeing what we will achieve together. Let's make it another year to remember! Alethea Trenter Chairperson ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)' and are satisfied that the objectives of the Charity have been met during this year. 1 of 11 Fledgelings Pre-School Playgroup Report of the Trustees Continued For the year ended 31 July 2024 ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Fledgelings Pre-School Playgroup **Charity registration number** 1044563 **Principal address** Glade Academy Knappers Way Brandon Suffolk IP27 0DA ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Alethea Trenter Claire McDonald (Resigned: 02 November 2023) Ashleigh Webster Kieron McDonald (Resigned: 02 November 2023) Hayley Mabey Amy Last Mrs Annmarie Cheshire Rebecca Cross (Resigned: 03 November 2022) Paige Foreman (Appointed: 02 November 2023) Sarah Pickn (Appointed: 02 November 2023) **Independent examiner** Simark & Co Belmont House 20 King Street Thetford Norfolk IP24 2AP Approved by the Board of Trustees and signed on its behalf by 13 November 2024 Alethea Trenter............................................................................. 2 of 11 ## Fledgelings Pre-School Playgroup Independent Examiners Report to the Trustees For the year ended 31 July 2024 I report to the trustees on my examination of the accounts of the charity for the year ended 31 July 2024. ## **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 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 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 examiners statement** I have completed my examination. I confirm that no 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 respect of the Charity as required by section 130 of the 2011 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. Simark & Co Belmont House 20 King Street Thetford Norfolk IP24 2AP 13 November 2024 3 of 11 ## Fledgelings Pre-School Playgroup Statement of Financial Activities For the year ended 31 July 2024 |**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Charitable activities
3
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5/6
**Total**
**Net expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
4,600
136,083
2,507
**143,190**
(147,854)
**(147,854)**
**(4,664)**
60,837
**56,173**|**2023**
**£**
39,413
118,414
1,036| |---|---|---| |||**158,863**| |||(161,913)| |||**(161,913)**| |||**(3,050)**
63,887| |||**60,837**| 4 of 11 ## Fledgelings Pre-School Playgroup Statement of Financial Position As at 31 July 2024 ||**Notes**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**Current assets**|||| |Cash at bank and in hand||57,394|62,214| |||**57,394**|**62,214**| |**Creditors: amounts falling due within one year**|11|(1,221)|(1,377)| |**Net current assets**||**56,173**|**60,837**| |**Total assets less current liabilities**||**56,173**|**60,837**| |**Net assets**||**56,173**|**60,837**| |**The funds of the charity**|||| |Unrestricted income funds|12|56,173|60,837| |**Total funds**||**56,173**|**60,837**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Alethea Trenter Trustee 13 November 2024 5 of 11 Fledgelings Pre-School Playgroup Notes to the Financial Statements For the year ended 31 July 2024 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. Fledgelings Pre-School Playgroup meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** ## **2. Income from donations and legacies** |**ncome from donations and legacies**||| |---|---|---| |**Unrestricted funds**
Donations received
Grants received
**ncome from charitable activities**
**Unrestricted funds**
_General Income_
Fees Receivable
SCC Grant Funding.
_Fundraising_
Fund Raising Events|**2024**
**£**
-
4,600
**4,600**
**2024**
**£**
11,899
123,197
**135,096**
987
**136,083**|**2023**
**£**
511
38,902| |||**39,413**| |||**2023**
**£**
9,914
106,968| |||**116,882**
1,532| |||**118,414**| ## **3. Income from charitable activities** 6 of 11 ## Fledgelings Pre-School Playgroup Notes to the Financial Statements Continued For the year ended 31 July 2024 ## **4. Investment income** |**nvestment income**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |Bank interest receivable|2,507|1,036| ||**2,507**|**1,036**| |**Costs of charitable activities by fund type**||| ||**2024**|**2023**| ||**£**|**£**| |**Unrestricted funds**||| |General Income|5,516|4,610| |Support costs|142,338|157,303| ||**147,854**|**161,913**| ## **5. Costs of charitable activities by fund type** ## **6. Costs of charitable activities by activity type** ||**Activities**|**Support**|**2024**|**2023**| |---|---|---|---|---| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support costs**||||| |General Income|5,516|-|5,516|4,610| |General Running Costs|-|142,338|142,338|157,303| ||**5,516**|**142,338**|**147,854**|**161,913**| ## **7. Analysis of support costs** |**General Running Costs**
Management
Running Costs
Governance costs|**2024**
**£**
127,679
13,380
1,279
**142,338**|**2023**
**£**
115,792
40,275
1,236| |---|---|---| |||**157,303**| 7 of 11 Fledgelings Pre-School Playgroup Notes to the Financial Statements Continued For the year ended 31 July 2024 ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Accountancy fees|1,279|1,236| ## **9. Staff costs and emoluments** Total staff costs for the year ended 31 July 2024 were: |Salaries and wages|**2024**
**£**
127,679
**127,679**|**2023**
**£**
115,792| |---|---|---| |||**115,792**| ## **10. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **11. Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Other creditors|**2024**
**£**
1,221
**1,221**|**2023**
**£**
1,377| |||**1,377**| ## **12. Movement in funds** ## **Unrestricted Funds** |_General_
General|**Balance at**
**01/08/2023**
**£**
60,837
**60,837**|**Incoming**
**resources**
**£**
143,190
**143,190**|**Outgoing**
**resources**
**£**
(147,854)
**(147,854)**|**Balance at**
**31/07/2024**
**£**
56,173| |---|---|---|---|---| |||||**56,173**| 8 of 11 ## Fledgelings Pre-School Playgroup Notes to the Financial Statements Continued For the year ended 31 July 2024 ## **Unrestricted Funds - Previous year** ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| |---|---|---|---|---| ||**01/08/2022**|**resources**|**resources**|**31/07/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|63,887|158,863|(161,913)|60,837| ||**63,887**|**158,863**|**(161,913)**|**60,837**| ## **Purpose of unrestricted Funds** ## General Unrestricted funds held for the provision of pre-school childcare and education in line with and up to and beyond Government minimum standards and requirements. ## **13. Analysis of net assets between funds** |**Analysis of net assets between funds**||| |---|---|---| ||**Net current**|**Net Assets**| ||**assets /**|| ||**(liabilities)**|| ||**£**|**£**| |**Unrestricted funds**||| |_General_||| |General|56,173|56,173| ||**56,173**|**56,173**| |**Previous year**||| ||**Net current**|**Net Assets**| ||**assets /**|| ||**(liabilities)**|| ||**£**|**£**| |**Unrestricted funds**||| |_General_||| |General|60,837|60,837| ||**60,837**|**60,837**| 9 of 11 ## Fledgelings Pre-School Playgroup Detailed Statement of Financial Activities For the year ended 31 July 2024 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Grants receivable
**Charitable activities**
Fees Receivable (General Income)
SCC Grant Funding (General Income)
Fund Raising Events (Fundraising)
**Investments**
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Resources & Refreshments (General
Income)
Equipment (General Income)
**SUPPORT COSTS**
**Management**
Staff costs - wages & salaries (General
Running Costs)
**Running Costs**
Rent, Water & Electricity (General Running
Costs)
Maintenance & Cleaning (General Running
Costs)
Insurance (General Running Costs)
Stationery & Photocopier (General Running
Costs)
Telephone & Internet (General Running
Costs)
Ofsted and ICO Fees (General Running
Costs)
Staff Training (General Running Costs)
Sundry (General Running Costs)
Staff Clothing (General Running Costs)
Premises Repairs (General Running Costs)|**£**
**2024**
-
4,600
**4,600**
11,899
123,197
987
**136,083**
2,507
**2,507**
**143,190**
(4,164)
(1,352)
**(5,516)**
(127,679)
**(127,679)**
(4,800)
(1,521)
(199)
(547)
(1,183)
(70)
(413)
(72)
(313)
(4,262)|**£**
**2023**
511
38,902| |---|---|---| |||**39,413**
9,914
106,968
1,532| |||**118,414**
1,036| |||**1,036**| |||**158,863**
(3,101)
(1,509)| |||**(4,610)**
(115,792)| |||**(115,792)**
(5,200)
(1,442)
(579)
(832)
(988)
(70)
(238)
(100)
(287)
(30,539)| 10 of 11 This page does not form part of the statutory financial statements ## Fledgelings Pre-School Playgroup Detailed Statement of Financial Activities Continued For the year ended 31 July 2024 |**Governance costs**
Accountancy & Bookkeeping fees (General
Running Costs)
**Total resources expended**
**Net Expenditure**|**(13,380)**
(1,279)
**(1,279)**
**(147,854)**
**(4,664)**|**(40,275)**
(1,236)| |---|---|---| |||**(1,236)**| |||**(161,913)**| |||**(3,050)**| 11 of 11 This page does not form part of the statutory financial statements