2023-07-31-accounts - Barham Pre-School

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Charity Registered Number: 1057290

Financial Statements for the Year Ended 31 July 2023 For

Barham Pre-School

Index to Financial Statements

	Page
General Information	3
Trustees Report	4-6
Independent examiner report	7
Statement of financial activities	8
Balance Sheet	9
Notes to Financial Statements	10-13

Barham Pre-School

General Information Year Ending 31st July 2023

Chairperson: Briony Ellis Treasurer: Andrew Wildon Secretary: Sally Caless P.L.A. Registration No: C2534G27I02 Branch No: SO603 Bank: Santander Commercial Bank plc Bridle Road Bootle Merseyside GIR 0AA Independent examiner: Hobbs Thomas & Company LLP

Report of the Trustees

For the Year ended 31st July 2023

The trustees present their report and financial statements for the year ended 31st July 2023.

Trustees

The trustees named on page three have served throughout the year. The appointment of the trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee, removal by Pre-School committee or removal by law.

Constitution, Objectives and Policies

Barham Pre-School has adopted the Early Years Alliance (EYA) constitution. It has adopted objectives and policies including, but not limited to:

Admissions	Child protection
Pricing	Equality & Diversity
Behaviour management	Refreshments
Health, safety & hygiene	Special educational needs
Confidentiality	Complaints
Staff training	Reserves policy

Details of the objectives and policies are well documented and displayed on the notice board at the registered address. A copy is available to all parents/prospective parents on request.

Investment Powers

The current constitution outlines the Trustee’ power of investment and finance applicable to Barham Pre-School.

Development, Activities and Achievements

I am pleased to report on another successful year at Barham Preschool. We are currently running at full capacity with a waiting list which is brilliant. Toddler group is running well with lots of local families attending each week which acts as a great feeder for our preschool.

Financially we continue to maintain a good steady position with thanks to the trustees and staff. The preschool committee and staff continue to work excellently together to ensure that the preschool benefits from different fundraising activities held throughout the year such as Hopathons, cake sales, dressing up days and our wonderful Christmas nativity event and raffle to help raise valuable funds for our charity.

Looking forward we will continue to work hard to ensure we maintain a steady financial position whilst also working hard to raise valuable funds for our preschool so that we can look at the possibility of bigger expenses in the near future.

Financial Review

Overall, the pre-school is faring well. For the second year there has been a larger increase in staff costs than in fee income, caused by the annual changes in the living wage being higher than the local authority fee income. However, with continued discipline in our other costs and great work by the staff and committee to fund raise, we managed to break even in the year 2022/23.

Explanations of differences between 2022 and 2023

The minimal change in bank position reflects the fact that during the year the total income and expense were almost equal.
The increase in revenue in 2023 is largely caused by the annual increase in fees charged for placements at the setting.
The drop in premises costs is caused by no lease payments having been made for 12 months. We are still waiting for KCC to agree a new lease.
The increase in resources expended is caused by the large increase in the living wage which went straight through to our cost base.

Financial Outlook for 2023/24

Overall, I see the outlook for 2023/24 as more challenging. There will likely once again be an increase in costs due to the living wage rising by more than the fee income we derive from the local authority. We will continue to support the toddlers group which, while placing a small financial strain on the pre-school, is an essential part of what Barham Pre School brings to the wider community.

That said, with the ongoing support of the parents and efficient operating practices within the preschool, we should aim for another breakeven year.

ststement of Trustees, responsibilities The trustees are required under the Charities Act 1993 to prepare financial statements for each financial yèar which Eive a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing the financial statements, giving a true and fair view, the trustees should fo15ow the basic practise and.. Select suitable accounting policie5 and apply them tonslstently Make judgements and estimates that a reasonable and prudent State whether applicable accouniing standards and statements of recommended practice have been followed. subjert to any departure disclosed and explained in fbnancial statements Prepare the financlzl statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation dl The tTlJStees are responsible for keeping accounting records which disclose, wlth reasonable accuracy, the financial position of the charity and which enoble them to both ascertain the financial position of the charity and to ensure that the finantial statements comply with applicable law and regulations. Future developments As thè pre-school is now well-established part of the local community and h35 received a glowing Ofsted report, we don't plan to make any major changes this year but will continue implementing our current policies and prartices. There were no serious Incidents this year. Approval The report and acwunts were approved by the trustees 29th February 2024 Chairperson Brlony Ellis 2910212024

Report of the Independent Examiner to the Trustees of Barham Pre School I have examined the accounts of the above mentioned for the year ended 31stJuly 2023. During the course of the examination no matter ha5 come to my atrention, whlch would 8ive me reasonable cause to believe that in any material respect: Accounting recor(Is have been kept in accordan with section 41 of 1993 Charitles Act; or bl rhe accounts do not accord with those records- or The statement of account5 does not comply with the 1993 Charities Act. No further matters have come to my attention, which should be included to enable a proper understandin8 of the accounts to be ached. 141o/ao14 Shèlley Hobbs MAAT Hobbs Thomas & Company LLP

Barham Pre-school Statement of Financial Activities

For the year ended 31st July 2023

Restricted Funds £ 0 0 0 0 0	Unrestricted Funds Total 2023 £ £ 24 24 106,663 106,663 1,896 1,896 101 0 5,141 5,141	Total 2022 £ 1,043 103,910 2,042 2 6,552
0 0 56 0	113,825 113,724 113,282 112,915 0 56 1,741 1,741	113,549 96,257 225 1,869
-56 909	115,079 114,329 -1,198 -1,254 55,658 56,567	98,351 15,198 41,369
853	54,460 55,313	56,567

There were no recognised gains or losses for 2022/2023 other than those included in the Statement of Financial Activities

The notes on pages 10-13 form part of these financial statements.

Barham Pre-school Balance Sheet

For the year ended 31st July 2023

Notes Fixed Assets Tangible Assets 8 Current Assets: Debtors 9 Cash at Bank and in hand Deposit Account Creditors: Amounts falling due within one year 10 Net current Assets Total Assets less Current Liabilities Capital and Reserves: Unrestricted Funds 11 Restricted Funds 12	2023 2022 £ £ 309 375
	0 0 38,170 38,720 19,585 19,572 57,755 58,292
	2,750 2,100
	58,063 58,667
	55,313 56,567
	54,460 55,658 853 909
	55,313 56,567

Barham Pre-school Notes to the financial Statements For the year ended 31st July 2023

1 Accounting Policies
1.1 Basis of preparation of Accounts

The financial statements are prepared under the historical cost convention and include the result of the charity’s operation which are described in the Trustees’ Report and all of which are continuing.

The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.

1.2 Tangible Fixed Assets for use by the charity and depreciation Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rated calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Buildings (mobile) 15% on cost Utilities 10% on cost Equipment 15% on cost Miscellaneous 15% on cost

1.3 Income

Voluntary income and donations are accounted for as received by the charity. No permanent endowments have been received during the year.

1.4 Value Added Tax

Value added tax is not recoverable by the charity and as such is included in the relevant costs in the statement of Financial Activities.

1.5 Management and Administrative Expenditure

Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity or fundraising ventures.

Barham Pre-school Notes to the financial Statements For the year ended 31st July 2023

2a Expenditure Direct Charitable: Depreciation 2b Grant received for equipment 3 Other Income: Fees – Parents Fees KCC EYPP Toddlers Group Donations Fundraising Miscellaneous 4 Interest Received 5 Direct Charitable Expenditure: Premises - heating / cleaning Land Rent and Hire of Hall Consumables Equipment Repairs and gardening Insurance Subs and Fee Depreciation Toddlers Group Fundraising Miscellaneous	Restricted Funds 2023 2022 £ £ 56 225 0 0 Unrestricted Funds 2023 2022 20,791 16,832 85,872 87,078 225 281 1,300 1,932 24 1,043 1,896 2,042 3,616 4,339	Restricted Funds 2023 2022 £ £ 56 225 0 0 Unrestricted Funds 2023 2022 20,791 16,832 85,872 87,078 225 281 1,300 1,932 24 1,043 1,896 2,042 3,616 4,339
	113,724	113,547

	101	2
	2,455 1400 1,267 3,795 2,481 796 601 0 1,844 80 2,227	1,782 1,150 2,807 3,158 4,037 1,247 719 1,966 1,296 60 1,425
	17,047	19,646

Barham Pre-school Notes to the financial Statements

For the year ended 31st July 2023

6 Administrative Expenditure: Miscellaneous Training Auditors Remuneration 7 Staff Costs No remuneration was paid to Trustees in the year The staff costs for the year	2023 2022 £ £ 16 156 695 275 1,030 1,713
	1,741 2,144

	96,235 76,336

Mobile Buildings £ £ 23,894 76,343 38,655 0 0 0 0 0	Equipment £ 8,131 10,966 0 0	Misc £ 762 2,609 0 0	Totals £ 109,130 52,230 0 0
62,549 76,343	19,097	3,371	161,360
23,894 76,343 38,655 0 0 0 0 0	7,756 10,966 56 0	762 2,609 0 0	108,530 52,230 56 0
62,549 76,343	18,788	3,371	161,051
0 0	309	0	309
1,641 0	375	0	3,192

Barham Pre-school Notes to the financial Statements For the year ended 31st July 2023

9 Debtors Amounts falling due within one year Other prepayments 10 Creditors Amounts falling due within one year Other accrued 11 Unrestricted Funds Opening balance Net movement in funds for the year 12 Restricted Funds Opening balance Net movement in funds for the year	2023 £ 0 0 2,750 55,658 -1,198	2022 £ 0 0 2,100 40,235 15,423
	54,460	55,658
	909 -56	1,134 -225
	853	909