## **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: - 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) 1. 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 2. 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