NOAK BRIDGE PRE-SCHOOL
Charity Number 1052083 Report and Accounts 31 AUGUST 2023
NOAK BRIDGE PRE-SCHOOL
Independent Examiners Report
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity
-
Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention (other than that disclosed below)
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
and
-
to prepare accounts which accord with the accounting records and comply with
-
the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Date 30th June 2024
NOAK BRIDGE PRE-SCHOOL
Page 1
Trustees' Annual Report
Reference and Administration Details
Names of charity Trustees who manage the charity
| Trustee Name | Office | Appointed | Resigned |
|---|---|---|---|
| Heidi Magner | 27/03/2023 | ||
| Nicola Johnson | 04/11/2020 | ||
| Melanie Christopher | Treasurer | 04/11/2020 | |
| Emma Bolton | Secretary | 04/11/2020 | |
| Holllie Thompson | 27/03/2023 | ||
| Lucy Garrett | Chair | 10/11/2021 | |
| Emma Smith | 16/11/2022 | ||
| Alice Andrews | 16/11/2022 | ||
| Jade Kerrison | 16/11/2022 |
Structure, Governance and Management
The charity is governed by a trust deed and is constituted as a charitable association fully registered with the charity commission
Trustees are selected by approval and voted in at the annual general meeting.
Objectives and Activities
The charity objectives are to enhance and develop the education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
During the year the charity continued to provide the facilities for parents to achieve the charitable aims
The trustees consider that they have had regard to the guidance issued by the charity commission in meeting its aims and objectives.
Achievements and Performance
During the year ended 31st August 2023 the charity posted a trading deficit of £3,913 The Income for the year is £330,621 (2022 £321,596) an increase on the previous year of £7,731 The total costs have increased by £4,115 during the year -this was attributable to better cost management set against the general cost of living increases.
The report was approved by the board on 30th June 2024
NOAK BRIDGE PRE-SCHOOL Statement of Financial Activities For The Year Ended 31 August 2023
Page 2
Notes
| Notes | |
|---|---|
| Incoming Resources - (Note 3) 3 Income from Charitable Activities Grants and Aid Investment Income Resources Expended 4 Fund Raising Charitable Activities Governance Costs Net Movement in funds Total Funds brought Forward Total Funds carried Forward |
Unrestricted Funds Restricted Funds Total Current Year Previous Year £ £ £ £ 329,463 329,463 320,374 1,158 1,158 1,222 0 0 0 |
| 330,621 0 330,621 321,596 |
|
| 0 0 0 0 331,813 331,813 326,278 2,721 2,721 4,141 |
|
| 334,534 0 334,534 330,419 |
|
| (3,913) 0 (3,913) (8,823) |
|
| 142,784 0 142,784 151,607 |
|
| 138,871 0 138,871 142,784 |
NOAK BRIDGE PRE-SCHOOL Balance Sheet As At 31 August 2023
Page 3
Notes
| Notes | ||
|---|---|---|
| Fixed Assets Tangible Assets 7 Current Assets Debtors 8 Cash at Bank and in Hand Creditors: Amounts falling due within one year 9 Net Current Assets Total Assets less current liabilities Funds of the Charity Unrestricted Funds Restricted Funds Signed by two Trustees on behalf of all the Trustees |
Unrestricted Funds Restricted Funds 141,883 0 |
Total Current Year Previous Year 141,883 142,857 |
| 0 0 22,553 0 |
0 0 22,553 29,326 |
|
| 22,553 0 |
22,553 29,326 |
|
| 25,565 0 |
25,565 29399 |
|
| (3,012) 0 |
(3,012) (73) |
|
| 138,871 0 |
138,871 142,784 |
|
| Signature | 138871 142784 0 0 |
|
| 138871 142784 |
||
| Print Name Date |
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2023
Page 4
1 Basis of preparation
The accounts have been prepared under the historical cost convention and include the results of the charity which are described in the Trustees' Report and all of which are continuing. The accounts have been prepared in compliance with the statement of recommended practice (SORP 2005) and the charities act 1993 amended 2006.
There have been no changes to the accounting policies and no amendments to the previous years financial figures.
2 Accounting Policies
Incoming Resources
These are included in the statement of Financial Activities when the charity becomes entitled to the resource, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.
Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal obligation committing the charity to pay out the resource.
Assets
These are capitalised if they can be used for more than one year, and cost at least £500.00 They are valued at cost or a reasonable value upon receipt.
| 3 Analysis of incoming resources Grants and aid Nursery Nursery Refunds due to Covid Donations Grants EEC Grants Other Income from charitable activities Fees Fund raising Miscellaneous activities Grant Essex County Council Free School Investment income |
This year Last year £ £ 329,463 313,674 0 0 0 0 0 6,700 0 0 |
|---|---|
| 329,463 320,374 |
|
| 0 0 1,158 1,222 0 0 0 0 |
|
| 1,158 1,222 |
|
| 0 0 |
|
| 0 0 |
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2023
Page 5
| 4 Analysis of resources expended Grants and aid Nursery Vouchers Donations Other Costs - Food Vouchers Expenditure from charitable activities Wages Salaries and PAYE Rent and Establishment Administration Depreciation Governance costs Training Accountancy Legal and Professional Bank Charges Bad Debts Extra Ordinary Item |
This year Last year £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 |
|
| 266,864 261,764 10,012 13,411 53,963 49,886 974 1,217 |
|
| 331,813 326,278 |
|
| 1,002 2,105 1,350 1,350 88 372 281 314 0 0 0 0 |
|
| 2,721 4,141 |
5 Trustee Expenses
There were no payments for expenses claimed made to any trustee during the financial year.
| 6 Staff costs Gross Wages, salaries and benefits in kind Employers National Insurance Temporary Wages Recruitment Costs Pension costs |
This year Last year £ £ 242,933 247,389 15,730 8,257 3,353 1,662 429 261 4,419 4,195 |
|---|---|
| 266,864 261,764 |
The average number of full-time equivalent employees in the year was as follows:
| follows: | ||
|---|---|---|
| This year | Last year | |
| Charitable Activities | 13 | 13 |
| Administration | 2 | 2 |
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2023
Page 6
7 Tangible Fixed Assets
| Cost Balance at 1 September 2021 Additions Disposals At 31 August 2022 Depreciation Balance at 1 September 2021 Charge for Year Disposals At 31 August 2022 Net Book Value At 1 September 2021 At 31 August 2022 8 Debtors Trade Debtors Re-Development Prepayments |
Property Portable Kitchen Improvements Class Room Equipment Equipment Total £ £ 33,217 137,989 2,650 13,679 187,535 0 - - - 0 |
Property Portable Kitchen Improvements Class Room Equipment Equipment Total £ £ 33,217 137,989 2,650 13,679 187,535 0 - - - 0 |
|---|---|---|
| 33,217 137,989 2,650 13,679 187,535 |
||
| 28,399 2,600 13,679 44,678 964 10 974 - - - 0 |
||
| 29,363 0 2,610 13,679 45,652 |
||
| 4,818 137,989 50 0 142,857 |
||
| 3,854 137,989 40 0 141,883 |
||
| This year Last year £ £ 0 0 0 0 0 0 |
||
| 0 0 |
9 Creditors: Amounts Falling Due Within One Year
| Trade Creditors Accrued Income Loans and Credit Cards Other Taxes and Pension costs Accruals |
This year Last year £ £ 3,278 4,433 15,114 20,019 0 0 5,039 2,857 2,134 2,090 |
|---|---|
| 25,565 29,399 |
There were no transactions with any related parties during the year
10 Transactions with related parties
NOAK BRIDGE PRE-SCHOOL Profit and Loss Account For The Year Ended 31 August 2023
for the information of the director only
| £ | £ | |
|---|---|---|
| Cost of Sales | ||
| Materials | 34,530 | 32,959 |
| Rent and Rates | 6,060 | 6,143 |
| Utilities and Establishment | 3,952 | 7,268 |
| Wages & Salaries | 258,663 | 255,646 |
| Pension Fund Costs | 4,419 | 4,195 |
| Temporary Wages | 3,353 | 1,662 |
| Recruitment Costs | 429 | 261 |
| Training | 1,002 | 2,105 |
| Postage, stationery & Telephone | 5,055 | 6,818 |
| Travel and Subsistence | 1,517 | 1,449 |
| Miscellaneous | 2,061 | 1,619 |
| Uniform | 1,396 | 630 |
| Fundraising | 0 | |
| Maintenance | 7,165 | 4,290 |
| Insurance | 2,239 | 2,121 |
| Accountancy | 1,350 | 1,350 |
| Bank Charges | 281 | 314 |
| Legal and Professional | 88 | 372 |
| Depreciation | 974 | 1,217 |
| Bad Debts | 0 | 0 |
334,534
330,419