Charity Registered Number: 1057290 Financial Statements for the Year Ended 31 July 2024 For Barham Pre-school
Barham Pre-school Index to Financial Statements Page General Information Trustees Report Independent examiner report Statement of financial activities Balance Sheet Notes to Financial Statements 10-13
Barham Pre-school General Information Year Ending 31st July 2024 Chairperson: Rebecca Starr Treasurer: Andrew Wildon Secretary: Sally Caless P.L.A. Registration No- C2534G27102 Branch No: S0603 Bank: Santander Commercial Bank plc Bridle Road Bootle Merseyside GIR OAA Independent examiner- Hobbs Thomas & Company LLP
Report of the Trustees For the Year ended 31stJuly 2024 The trustees present their report and financial statements for the year ended 31stJuly 2024. Trustees The Chairman changed in 2024, in March 2024 Briony Ellis left and was replaced by Rebecca Starr. All other 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 objettives and policies including, but not limited to: Admissions Pricing Behaviour management Health. safety & hygiene Confidentiality Staff training Child protection Equality & Diversity Refreshments Special educational needs Complaints Reserves poli 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 parentslprospective parents on request. Investment Powers The current constitution outlines the Trustee. power of investment and flnance applicable to Barham Pre-school. Development, Artivities and Achievements l am pleased to report on another great yearfor Barham Preschool. Our manager, Shannon left for maternity leave at the start of 2024. In the absence of a manager for the last few months of the academic year. the acting managers and staff have shown ongoing commitment and dedication to the setting. The committee would like to put on record its thanks to Debbie Sopp and Annette Davies for all their incredible work, at this time All our staff members have worked very hard again this year alongside our dedicated committee members to ensure the smooth running of our preschool.
We continue to maintain our good financial position. Thanks to our preschool families and our local community for their support on our fundraising efforts. Our Easter sponsored Hopathon event was a big hit and very well enjoyed by everyone that attended. In the summer our preschool leavers and new prospective children enjoyed a party with an entertainer and a cake sale. It was a lovely morning, all the children fully enjoyed themseSvesl We are now busily preparing for our exciting Christmas event and our ever-popular raffle to raise important funds for our preschool. The children. staff and families will be celebrating Christmas with 'Carols around the tree,. With fund5 raised we wi15 be looking to source new resources for our setting, possible trips out for the children and looking to replace flooring within the building. We are excited for the future and for all the new ideas that our new manager and staff will bring to the setting. Well Done everyone for all your hard work once a8ain and looking f0Th4ard to another fantastic year. 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 unequal annual changes in the living wage and 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 generate a small surplus in 2023/24. Explanations of differences between 2023 and 2024 The increase in the bank balance was caused by the operating surplus from core activities. The increase in revenue in 2024 is largely caused by the annual increase in fees charged for placements at the setting and a higher percentage of settings being fully occupied. The increase in premises costs is caused by a catch up payment being made in 2024. No lease payments were made in 2022 while a new lease was being negotiated. The increase in resources expended 15 caused by the large increase in the living wage which went straight through to our cost base. Financial Outlook for 2023124 Overall, I see the outlook for 2023124 as more challenging. There will likely once again be an increase in cost5 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 do not foresee any significant financial strain on the setting.
Statement of Trustees. responsibilities The trustees are required under the Charitie5 Act 1993 to prepare financial statements for each financial year which give a true and fair view of the chariws 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 follow the basic practise and: Select Suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards and statements of recommended practice have been followed. subject to any departure disclosed and explained in financial statements Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping accounting records which disclose, with reasonable accuracy, the financial position of the charity and which enable them to both ascertain the financial position of the charity and to ensure that the financial statements comply with applicable law and regulations. b) d) Future developments As the pre-school is now well-established part of the local community and has received a glowing Ofsted report, we don't plan to make any major changes thi5 year. but will continue implementing our current policies and practices. There were no serious incidents this year. Approval This report was approved by the trustees 23rd January 2025 Chairperson Rebecca Starr
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 2024. During the course of the examination no matter has come to my attention, which would give me reasonable cause to believe that in any material respect: Accounting records have been kept in accordance with section 41 of the 1993 Charities Act," or bl The accounts do not accord with those records: or The statement of accounts does not comply with the 1993 Charitie5 Act. No further matters have come to my attention, which should be included to enable a proper understanding of the accounts to be reached. Shelley Hobbs MAAT Hobbs Thomas & Company LLP
Barham Pre-school Statement of Financial Activities For the year ended 31stJuly 2024 Restrirted Funds Unrestricted Funds Total 2024 Total 2023 Notes Income Resources- Grants/Donations Fees Fundraising Interest Other 25 126,929 1.728 25 24 126.929 106,663 1,728 1.896 6,680 135.362 6,680 5,141 135.362 113.724 Resources Expended: Direct Charitable Direct Charitable 517 2a 125,044 125,044 112,915 48 56 Other Expenditure.. Management & Admin 2.246 127,290 2,246 1,741 127,338 114,329 Net movement in funds for year Total fund B/Forward 8,072 54,460 62.532 8.024 55,313 63,337 -1,254 56,567 55,313 853 11112 There were no recognised gains or105ses for 202312024 other than those included in the Statement of Financial Activities The notes on pages 11-14 form part of these financial staternents.
Barham Pre-school Balance Sheet For the year ended 31stJuly 2024 Notes 2024 2023 Fixed Assets Tangible Assets 271 309 Current Assets: Debtors Cash at Bank and in hand Deposit Account 46,339 19.889 66,228 38,170 19.585 57,755 Creditors: Amounts falling due within one year io 2,750 Net current Assets 66,499 58,063 Total Assets less Current Liabilities 66.499 55.313 Capital and Reserves: Unrestricted Funds Restricted Funds li 12 62.532 805 63,337 54.460 853 55.313 Approved by the Trustees and signed on their behalf
Barham Pre-school Notes to the financial Statements For the year ended 31rtJuly 2024 l 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 charivs 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 IO% 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 chartty and a5 such is included in the relevant costs in the statement of Financial Activitie5. 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 fundraisin8 ventures. io
Barham Pre-school Notes to the financial Statements For the year ended 31>tJuly 2024 Restricted Funds 2024 2023 Expenditure Direct Charitable- Depreciation 56 2b Grant received for equipment Unrestricted Funds 2024 2023 Other Income-. Fees- Parents Fees KCC EYPP Toddlers Group Donations Fundraising Miscellaneou5 20.138 106.791 20,791 85,872 225 1,300 24 1,896 3,616 113.724 1,480 25 1,728 5,200 135,363 Interest Received ioi 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 2,380 3.070 2,278 2,274 447 2.455 1.400 1.267 3.795 2.481 796 601 1.716 1,844 80 2,227 17.047 2,613 14.788 li
Barham Pre-school Notes to the financial Statements For the year ended 31stJuly 2024 2024 2023 Administrative Expenditure: Miscellaneous Training Auditors Remuneration 567 16 695 1,030 1.741 1.679 2.246 Staff Costs No remuneration was paid to Trustees in the year The staff costs for the year 110,256 96,235 Tangible Fixed Assets Mobile Buildings Equipment Mi5C Totals Cost or Valuation At 01.08.23- Restricted At 01.08.23- Other funds 23.894 38,655 76.343 8,131 10,966 762 2.609 109,130 52,230 Additions during the year Restricted Other Funds 62.549 76.343 19,097 3.371 161.360 Depreciation At 01.08.23- Restricted At 01.08.23- Other funds 23,894 38,655 76,343 7,812 10.966 762 2,609 108,530 52,230 Charge for the year Restricted Other Funds 48 62.549 76,343 18,826 3.371 161,089 Net Book Value 31-Jul-24 31-Jul-23 271 309 271 309 12
Barham Pre-school Notes to the financial Statements For the year ended 31stJuly 2024 2024 2023 Debtors Amounts falling due within one year Other prepayments 10 Creditors Amount5 falling due within one year Other accrued 2,750 11 Unrestricted Funds Opening balance Net movement in funds for the year 54,460 8,072 62.532 55,658 -1,198 54,460 12 Restricted Funds Opening balance Net movement in funds for the year 853 909 -56 853 805 13