2023-08-31-accounts - Balderton Pre-School

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REGISTERED CHARITY NUMBER: 1046985

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

`FOR`

`BALDERTON PRE-SCHOOL`

Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

BALDERTON PRE-SCHOOL

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023`

		`Page`
`Report of the Trustees`	`1`	`to`	`3`
`Independent Examiner's Report`		`4`
`Statement of Financial Activities`		`5`
`Balance Sheet`		`6`
`Notes to the Financial Statements`	`7`	`to`	`11`
`Detailed Statement of Financial Activities`		`12`

BALDERTON PRE-SCHOOL

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023`

The trusteespresenttheir reportwith the financialstatementsof the charityfor the year ended 31 August 2023.The trustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republicof Ireland (FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheaimsofthePreSchoolaretoenhancethedevelopmentandeducationofchildrenprimarilyunderstatutoryschoolage by
encouraging parents to understand and provide the needs of their children through community groups and by:

(a)offeringappropriateplay,educationandcarefacilities,familylearningandextendedhoursgroups,togetherwiththeright of
parentstotakeresponsibilityforandtobecomeinvolvedintheactivitiesofsuchgroups,ensuringthatsuchgroups offer
opportunities for all children whatever their race, culture,  religion, means or ability;

(b) encouragingthe study of the needs of such childrenand their familiesand promotingpublic interestin and recognitionof such
needs in the local areas;

  (c) instigating and adhering to and furthering the aims and objectives of the Pre School Learning Alliance.

`Public benefit`

TheCharity'smainactivitiesarerunninggroupsandoutingsforchildren.InordertoachievethisthePreSchoolhasanumber of
powers which are listed in the constitution and summarised below:

  to provide accommodation and equipment;

  to raise money to pay for the Pre School's activities;

  to make such payments as shall be necessary.

ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidanceon public
benefitwhen reviewingthe Trust'saims and objectivesand in planningfutureactivitiesand settingthe grantmakingpolicyfor the
year.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

Thetrusteesnotethatincomedecreasedatagreaterratethanexpenditureintheyearto31August2023whichresultedin an
excess expenditure of £23,829.

Feeincomefromparentsincreasedthisyearbecauseofincreasedattendancenumbers.Thisisbecausethepre-schoolhas been
abletoopenfullythisyearunlikeprioryearsbecauseofcovidrestrictions.FeeincomefromNottinghamshireCounty Council
decreasedthis year.Thisis due to a decreasein childrenwhoqualifyforfor30 hoursof free governmentfunding.The Pre-School
supports the 30 hour free childcare funding available from the government.

- HolidayClubs (which cater for both Pre-Schooland Acorn children)the numbers attending remained similar,howeverhave not  yet
returnedto pre covidlevels.This is due to parents workingfrom home or lookingto save moneyby sending their childrento family
members / friends.

-Governmentfundswerereceivedthroughouttheyearhoweverfundinglevelshavedecreasedthisyearduetotheremoval of
grants in relation to support with covid-19.

The Statementof FinancialActivitiesindicatesTotal IncomeResourcesof £326,977(2022: £286,932)and Total Resources Expended
of £350,806 (2022: £302,783).

`FINANCIAL REVIEW`

`Reserves policy`

AllreservesheldbytheCharityareheldasunrestrictedgeneralfunds.Asat31August2023thereservestotalled£82,552 (2022:
£106,381).The Charitycan use the fundsin any waypermittedby the constitutionwhichare necessaryor desirableto enable the
Pre-School to achieve its aims.

`FUTURE PLANS`

The trusteesplan to continueenhancingthe developmentand educationof the childrenand deliverthe best standardof childcare
while continuing to increase the number of children in attendance at the Pre-School and out of school club.

Page 1

BALDERTON PRE-SCHOOL

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Thecharityiscontrolledbyitsgoverningdocument,a constitutionoriginallydrawnupin2011andamendedandapprovedon 18
May 2015, and constitutes an unincorporated charity.

`Recruitment and appointment of new trustees`

The trustees are those who make up the Committee.

The charity also has Members, divided in to two groups as follows:-

(1)FamilyMembership- parentsorguardiansofallchildrenwhoattendanygrouprunbythePreSchoolwishingtosupport the
aims of the Pre School. They are entitled to one vote at any General Meetings.

(2)AffiliateMembership-opentothoseindividuals,organisationsorotherbodiesinterestedinsupportingtheaimsofthe Pre
School. They are entitled to one vote at any General Meetings.

Appointment of trustees is governed by the constitution as follows:-

There will be a minimum number of 5 trustees and a maximum number of 12, consisting of:

  (a) a Chair, a Treasurer and a Secretary;

  (b) not less than 2 not more than 9 other elected trustees; and

  (c) optionally a further 3 trustees can be co-opted at any time after the AGM (Annual General Meeting).

Thetrusteein(a)and(b)aboveshallbeelectedforoneyearattheAGM.Retiringtrusteesareeligibleforre-electionunless they
havealreadyservedontheCommitteeinanycapacityfortenconsecutiveyears.Co-optedmembersin(c)abovemayjoinat any
timeontheinvitationoftheCommitteebutshallretireatthenextAGM.Noco-optedmembershallserveformorethan 6
consecutive years.

Not less than two weeks before the date of the next AGM each Member shall be sent a form which any Member wishing to stand  as
a candidatefor electionto the Committeemust completeand return to Secretaryto indicatetheir willingnessto act as a member  of
the Committee if elected.

AttheAGMtheprospectivenewelectedmembersoftheCommitteewillbethosecandidatesreceivingthehighestnumber of
votesfromtheMembers,up toa maximumof12electedCommitteemembersin total.At thefirstCommitteemeeting following
theAGMatwhichthenewlyelectedmembersoftheCommitteeareelectedtheyshallchoosefromamongsttheirnumber the
members who will act as Chair, Treasurer and Secretary.

`Risk management`

Thetrusteeshavea dutyto identifyand reviewthe risksto whichthe charityis exposedand to ensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

`Principal address`

Wolfit Avenue
Balderton
Newark
Nottinghamshire
NG24 3PQ

`Trustees`

Mrs C Hopkins Chairman
Ms C L Wilson Company Secretary
Mrs L Ward
Mrs L J Sargisson
Mrs P Gregory (resigned 28.11.22)

Page 2

BALDERTON PRE-SCHOOL

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Independent Examiner`

Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

Approved by order of the board of trustees on 17 June 2024 and signed on its behalf by:

Mrs C Hopkins - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BALDERTON PRE-SCHOOL

`Independent examiner's report to the trustees of Balderton Pre-School`

IreporttothecharitytrusteesonmyexaminationoftheaccountsofBaldertonPre-School(theTrust)fortheyear ended
31 August 2023.

`Responsibilities and basis of report`

As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of
the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

`Independent examiner's statement`

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatI am
qualifiedto undertakethe examinationbecauseI am a member of the Associationof CharteredCertifiedAccountants,which is one
of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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 concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.

S SHAW

Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

27 June 2024

Page 4

BALDERTON PRE-SCHOOL

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023`

`2023` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `Charitable activities` `Charitable activities` `326,866` `Investment income` `2` `109` `Total` `326,977` `EXPENDITURE ON` `Charitable activities` `Charitable activities` `350,806` `NET INCOME/(EXPENDITURE)` `(23,829)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `106,381` `TOTAL FUNDS CARRIED FORWARD` `82,552`	`2022` `Total` `funds` `£` `1` `286,808` `123`
	`286,932`
	`302,783`
	`(15,851)` `122,232`
	`106,381`

The notes form part of these financial statements

Page 5

BALDERTON PRE-SCHOOL

`BALANCE SHEET 31 AUGUST 2023`

`2023` `Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Debtors` `7` `7,747` `Cash at bank and in hand` `82,440` `90,187` `CREDITORS` `Amounts falling due within one year` `8` `(7,635)` `NET CURRENT ASSETS` `82,552` `TOTAL ASSETS LESS CURRENT LIABILITIES` `82,552` `NET ASSETS` `82,552` `FUNDS` `10` `Unrestricted funds` `82,552` `TOTAL FUNDS` `82,552`	`2022` `Total` `funds` `£` `4,281` `137,951`
	`142,232` `(35,851)`
	`106,381`
	`106,381`
	`106,381`
	`106,381`
	`106,381`

The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 17 June 2024 and were signedon its
behalf by:

C Hopkins - Trustee

The notes form part of these financial statements

Page 6

BALDERTON PRE-SCHOOL

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisa publicbenefitentityunderFRS102,havebeenpreparedin accordance
withthe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:Statementof RecommendedPractice applicable
to charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic
ofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.

`Income`

Incomeisderivedfromfeeschargedtoparentsand/orthelocalauthorityanddonations.Incomeisrecognisedin the
StatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,itisprobablethattheincomewill be
received and the amount can be measured reliably.

`Expenditure`

Expenditureis accountedfor on an accrualsbasis and has been classifiedunder headingsthat aggregateall costsrelated to
the category. Costs are inclusive of any VAT which cannot be recovered.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`Pension costs and other post-retirement benefits`

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the  Statement of Financial Activities in the period to which they relate.

`Debtors`

Debtors are recognised at the settlement amount.

`Creditors`

Creditorsare recognisedwherethe charityhas a presentobligationresultingfroma pasteventthatwillprobablyresult in
the transfer of funds to a third party and the amount due to settle can be measured or estimated reliably.

`2. INVESTMENT INCOME`

`3.`

`2023` `2022` `£` `£` `Interest receivable` `109` `123` `INDEPENDENT EXAMINER'S FEES`	`2023` `2022` `£` `£` `Interest receivable` `109` `123` `INDEPENDENT EXAMINER'S FEES`	`2023` `2022` `£` `£` `Interest receivable` `109` `123` `INDEPENDENT EXAMINER'S FEES`
`2023` `2022`
	`£`	`£`
`Independent examiner's fees`	`525`	`500`

continued...

Page 7

BALDERTON PRE-SCHOOL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2023norfortheyear ended
31 August 2022.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

`5. STAFF COSTS`

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD 2023
2022
£
£
266,405
240,841
10,135
5,978
3,905
3,128
280,445
249,947
2023
2022
21
25
Unrestricted
fund
£
1
286,808
123
286,932
302,783
(15,851)
122,232
106,381

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 8

BALDERTON PRE-SCHOOL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023`

`7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade debtors` `Other debtors` `Prepayments and accrued income` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Social security and other taxes` `Other creditors` `Accruals and deferred income`		`2023` `£` `6,507` `-` `1,240` `7,747` `2023` `£` `4,148` `1,065` `2,422` `7,635`	`2022` `£` `2,546` `264` `1,471` `4,281` `2022` `£` `2,283` `19,615` `13,953`	`2022` `£` `2,546` `264` `1,471`
				`4,281`
			`35,851`

`8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

Deferred income relates to money received in advance for services provided after the year end.

`9. LEASING AGREEMENTS`

Minimum lease payments under non-cancellable operating leases fall due as follows:

`Within one year` `Between one and five years` `MOVEMENT IN FUNDS` `Unrestricted funds` `General fund` `TOTAL FUNDS` `Net movement in funds, included in the above are as follows:` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`2023` `2022` `£` `£` `14,855` `14,772` `29,709` `44,316` `44,564` `59,088` `Net` `movement` `At` `At 1.9.22` `in funds` `31.8.23` `£` `£` `£` `106,381` `(23,829)` `82,552` `106,381` `(23,829)` `82,552` `Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `326,977` `(350,806)` `(23,829)` `326,977` `(350,806)` `(23,829)`	`2022` `£` `14,772` `44,316` `59,088` `At` `31.8.23` `£` `82,552`	`2022` `£` `14,772` `44,316`
			`59,088`
		`82,552`
		`(23,829)`

`10. MOVEMENT IN FUNDS`

continued...

Page 9

BALDERTON PRE-SCHOOL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023`

`10. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

		`Net`
		`movement`		`At`
	`At 1.9.21`	`in funds`		`31.8.22`
	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`122,232`	`(15,851)`		`106,381`
`TOTAL FUNDS`	`122,232`	`(15,851)`		`106,381`
`Comparative net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`		`in funds`
	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`286,932`	`(302,783)`		`(15,851)`
`TOTAL FUNDS`	`286,932`	`(302,783)`		`(15,851)`
`A current year 12 months and prior year 12 months combined position is as follows:`
		`Net`
		`movement`		`At`
	`At 1.9.21`	`in funds`		`31.8.23`
	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`122,232`	`(39,680)`		`82,552`
`TOTAL FUNDS`	`122,232`	`(39,680)`		`82,552`
`A current year 12 months and prior year 12 months combined net movement in funds,`		`included in the above are as follows:`
	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`		`in funds`
	`£`	`£`		`£`
`Unrestricted funds`
`General fund`	`613,909`	`(653,589)`		`(39,680)`
`TOTAL FUNDS`	`613,909`	`(653,589)`		`(39,680)`

continued...

Page 10

BALDERTON PRE-SCHOOL

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023`

`11. RELATED PARTY DISCLOSURES`

During the year ended 31 August 2023, no related party transactions were identified. (2022: £NIL).

Page 11

BALDERTON PRE-SCHOOL

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Gifts` `Investment income` `Interest receivable` `Charitable activities` `Fees from parents` `Fees from Notts County Council` `Miscellaneous income` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Wages` `Social security` `Pensions` `Telephone` `Post, stationery and computer` `Building alterations` `Sundries` `Rent and room hire` `Food` `Materials, books etc` `Subscriptions and insurance` `Cleaning and repairs` `Training` `Equipment` `Accountancy` `Advertising` `Support costs` `Governance costs` `Independent examiners fees` `Total resources expended` `Net expenditure`	`2023` `£` `2` `109` `148,151` `177,778` `937` `326,866` `326,977` `266,405` `10,135` `3,905` `2,049` `3,363` `19,558` `7,411` `15,355` `6,723` `2,910` `3,975` `3,345` `435` `-` `4,712` `-` `350,281` `525` `350,806` `(23,829)`	`2022` `£` `1` `123` `125,104` `161,388` `316` `286,808` `286,932` `240,841` `5,978` `3,128` `1,941` `2,612` `-` `5,332` `14,722` `6,395` `2,812` `2,688` `10,111` `1,057` `796` `3,850` `20` `302,283` `500` `302,783` `(15,851)`

This page does not form part of the statutory financial statements

Page 12