NOAK BRIDGE PRE-SCHOOL
Charity Number 1052083
Report and Accounts 31 AUGUST 2024
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:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity
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Commission (under section 145(5)(b) of the Charities Act, and
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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)
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act;
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and
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to prepare accounts which accord with the accounting records and comply with
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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
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 |
|---|---|---|---|
| Nicola Johnson | 04/11/2020 | ||
| Melanie Christopher | Treasurer | 04/11/2020 | |
| Emma Bolton | Secretary | 04/11/2020 | |
| Lucy Garrett | Chair | 10/11/2021 | |
| Emma Smith | 16/11/2022 | ||
| Alice Andrews | 16/11/2022 | ||
| Jade Kerrison | 15/11/2023 |
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 2024 the charity posted a trading Surplus of £54,718 The Income for the year is £373,021 (2023 £330,621) an increase on the previous year of £42,400 The total costs have decreased by £19,652 during the year -this was attributable to better cost management.
The report was approved by the board on
NOAK BRIDGE PRE-SCHOOL Statement of Financial Activities For The Year Ended 31 August 2024
Page 2
Notes
| Incoming Resources - (Note 3) 3 Income from Charitable Activities Fund Raising 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 £ £ £ £ 368,535 368,535 329,463 4,486 4,486 0 0 1,158 0 0 0 |
|---|---|
| 373,021 0 373,021 330,621 |
|
| 106 0 106 0 313,282 313,282 331,813 3,915 3,915 2,721 |
|
| 317,303 0 317,303 334,534 |
|
| 55,718 0 55,718 (3,913) |
|
| 138,871 0 138,871 142,784 |
|
| 194,589 0 194,589 138,871 |
NOAK BRIDGE PRE-SCHOOL Balance Sheet As At 31 August 2024
Page 3
| 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 |
Unrestricted Funds Restricted Funds 141,104 0 |
Total Current Year Previous Year 141,104 141,883 |
|---|---|---|
| 745 0 62,683 0 |
745 0 62,683 22,553 |
|
| 63,428 0 |
63,428 22,553 |
|
| 9,943 0 |
9,943 25565 |
|
| 53,485 0 |
53,485 (3,012) |
|
| 194,589 0 |
194,589 138,871 |
|
| 194,589 138871 0 0 |
||
| 194,589 138871 |
Signed by two Trustees on behalf of all the Trustees
Signature Print Name Date
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2024
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 Fund Raising Income from charitable activities Fees Fund raising Miscellaneous activities Grant Essex County Council Free School Investment income |
This year Last year £ £ 368,535 329,463 0 0 0 0 0 0 4,486 0 |
|---|---|
| 373,021 329,463 |
|
| 0 0 0 1,158 0 0 0 0 |
|
| 0 1,158 |
|
| 0 0 |
|
| 0 0 |
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2024
Page 5
| 4 | Analysis of resources expended | This year | Last year |
|---|---|---|---|
| £ | £ | ||
| Grants and aid | |||
| Nursery Vouchers | 0 | 0 | |
| Fund Raising | 106 | 0 | |
| Donations | 0 | 0 | |
| Other Costs - Food Vouchers | 0 | 0 | |
| 106 | 0 | ||
| Expenditure from charitable activities | |||
| Wages Salaries and PAYE | 264,849 | 266,864 | |
| Rent and Establishment | 11,084 | 10,012 | |
| Administration | 36,570 | 53,963 | |
| Depreciation | 779 | 974 | |
| 313,282 | 331,813 | ||
| Governance costs | |||
| Training | 2,247 | 1,002 | |
| Accountancy | 1,350 | 1,350 | |
| Legal and Professional | 167 | 88 | |
| Bank Charges | 151 | 281 | |
| Bad Debts | 0 | 0 | |
| Extra Ordinary Item | 0 | 0 | |
| 3,915 | 2,721 | ||
| 5 | Trustee Expenses | ||
| There were no payments for expenses claimed made to any trustee during | |||
| year. | |||
| 6 | Staff costs | This year | Last year |
| £ | £ | ||
| Gross Wages, salaries and benefits in kind | 247,331 | 242,933 | |
| Employers National Insurance | 12,280 | 15,730 | |
| Temporary Wages | 0 | 3,353 | |
| Recruitment Costs | 618 | 429 | |
| Pension costs | 4,620 | 4,419 | |
| 264,849 | 266,864 | ||
| The average number of full-time equivalent employees in the | year was as | ||
| follows: | |||
| This year | Last year | ||
| Charitable Activities | 14 | 13 | |
| Administration | 3 | 2 |
There were no payments for expenses claimed made to any trustee during the financial year.
NOAK BRIDGE PRE-SCHOOL Notes to the Accounts At 31 August 2024
Page 6
7 Tangible Fixed Assets
| Cost Balance at 1 September 2023 Additions Disposals At 31 August 2024 Depreciation Balance at 1 September 2023 Charge for Year Disposals At 31 August 2024 Net Book Value At 1 September 2023 At 31 August 2024 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 |
||
| 29,363 2,610 13,679 45,652 771 8 779 - - - 0 |
||
| 30,134 0 2,618 13,679 46,431 |
||
| 3,854 137,989 40 0 141,883 |
||
| 3,083 137,989 32 0 141,104 |
||
| This year Last year £ £ 745 0 0 0 0 0 |
||
| 745 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 £ £ 1,881 3,278 0 15,114 0 4,292 5,039 3,770 2,134 |
|---|---|
| 9,943 25,565 |
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 2024
for the information of the director only
| £ | £ | |
|---|---|---|
| Cost of Sales | ||
| Materials | 20,002 | 34,530 |
| Rent and Rates | 6,102 | 6,060 |
| Utilities and Establishment | 4,982 | 3,952 |
| Wages & Salaries | 259,611 | 258,663 |
| Pension Fund Costs | 4,620 | 4,419 |
| Temporary Wages | 0 | 3,353 |
| Recruitment Costs | 618 | 429 |
| Training | 2,247 | 1,002 |
| Postage, stationery & Telephone | 4,160 | 5,055 |
| Travel and Subsistence | 1,661 | 1,517 |
| Miscellaneous | 1,733 | 2,061 |
| Uniform | 451 | 1,396 |
| Fundraising | 106 | |
| Maintenance | 5,478 | 7,165 |
| Insurance | 3,085 | 2,239 |
| Accountancy | 1,350 | 1,350 |
| Bank Charges | 151 | 281 |
| Legal and Professional | 167 | 88 |
| Depreciation | 779 | 974 |
| Bad Debts | 0 |
317,303
334,534