REGISTERED CHARITY NUMBER: 1072130
**ORMESBY VILLAGE PRESCHOOL TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
Fenn & Co Chartered Certified Accountants The Office, 4a Allendale Rd Caister-On-Sea Great Yarmouth Norfolk NR30 5ES
## **Ormesby Village Preschool Trustees' Report and Unaudited Financial Statements For The Year Ended 31 August 2023**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Report of the Trustees|1 to 2|
|Independent Examiner’s Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 10|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|11|
## **Ormesby Village Preschool**
## **Trustees' Report For The Year Ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of the Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Ormesby Preschool has provided childcare and preschool education for over 90 families between the hours of 0900-1500, and has offered childcare facilities, provided through breakfast club, after school club and school holiday club, to an additional 50 families, during the extended hours of 0800-1800 Monday to Friday, for 50 weeks of the year. The families that have used our service come not only from Ormesby and the surrounding villages, but have even travelled as far as Norwich to access the childcare and provision we provide. We have supported the educational advancement and readiness for school of all the children attending, and those who transitioned to begin school after attending. Parents, carers, grandparents, and family members have joined us for celebrations and play sessions where possible, and we have reached out to the extended community, for example by visiting local elderly clubs and fund raising for the wider community in which we live and operate.
## **Public benefit**
1. To advance the education of children below compulsory school age in Ormesby St Margaret. a) Provide safe and satisfying group play, in which parents have the right to take part
b) Encourage other charitable activities through which parents may help the children.
2. To provide the necessary facilities for the day care, recreation, and education of children from 12 months up to eleven years of age during out of school hours and school holidays. In Ormesby and surrounding villages.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Charitable donations have been raised and given to a Children’s Medical Charity. Peninsula continued to help manage health & safety witing preschool, HR, employment and other responsibilities, and their support proved highly beneficial. We welcome the advice and support they are able to offer.
## **FINANCIAL LAW**
## **Financial position**
During the year there was a surplus of expenditure of £12,220 (2022 surplus income £2,263). We are still in a strong position with unrestricted reserves of £45,307 (2022 £57,527).
## **Reserves policy**
The committee has a reserves policy in case of redundancies etc. This amount currently equates to 2 months salary costs and is included within the main bank account.
## **FUTURE PLANS**
The future aims & objectives for Ormesby Preschool during the period from 01.09.2023-31.08.2024 remain largely the same as in previous years, and the committee will continue to support preschool in achieving this in whichever ways it can. Preschool will continue to seek ways to evolve and grow to best serve the community in which we operate, and support the families who use our service, as well as achieving the best possible outcomes for the children who attend. The likelihood of an Ofsted inspection during the period covered by the next AGM is low, but regardless, we are ready to face whatever the year brings, including any further, unexpected challenges presented. The committee will continue to fulfil its obligations to the Charity Commission and public benefit, and will rise to any challenge which may present, with the usual resilience, passion, enthusiasm, and professionalism.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
**Ormesby Village Preschool Trustees' Report For The Year Ended 31 August 2023**
**Registered Charity Number** 1072130 **Principal Address** Boarded Barn Farm Old Coast Road Ormesby Norfolk NR29 3QH **Trustees** Ms P A Moore Ms R Robinson Ms A Craske Ms C E Lee Mrs K Kempton Miss L Read Ms S Love Mrs Z Mizen **Independent Examiner** Fenn & Co Chartered Certified Accountants The Office, 4a Allendale Rd Caister-On-Sea Great Yarmouth Norfolk NR30 5ES
Approved by order of the board of trustees on ……………………… and signed on its behalf by
Ms R Robinson - Trustee
Type text here
Page 2
**Ormesby Village Preschool Independent Examiner’s Report For The Year Ended 31 August 2023**
## **Independent Examiner's Report to the Trustees of Ormesby Village Preschool**
I report to the charity trustees on my examination of the accounts of the Ormesby Village Preschool for the year ended 31[st] August 2023 which are set out on pages 6 to 10.
## **Responsibilities and basis of report**
As the charity trustees of Ormesby Village Preschool (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Signed
Date Fenn & Co Chartered Certified Accountants The Office, 4a Allendale Rd Caister-On-Sea Great Yarmouth Norfolk NR30 5ES
Page 3
## **Ormesby Village Preschool Statement of Financial Activities For The Year Ended 31 August 2023**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and Legacies
**Charitable Activities**
Fee Income
Other trading activities
**2**
**Total**
**EXPENDITURE ON**
Raising Funds
**Charitable Activities**
Fee Income
Charitable Expenses
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**|**2023**
**£**
**-**
**3**01,956
**2**,385
**304,341**
-
(316,561)
(316,561 )
(12,220 )
57,527
45,307|**2022**
**£**
**-**
323,104
1,671
**324,775**
(4,019 )
(16)
(315,201)
(315,217 )
5,539
51,988
57,527|
|---|---|---|
The notes on pages 6 to 10 form part of these financial statements.
Page 4
**Ormesby Village Preschool Balance Sheet As At 31 August 2023**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
7
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
8
Unrestricted funds
**MEMBERS' FUNDS**|**2023**
**£**
**£**
4,833
**4,833**
7,163
35,967
**43,130**
**(2,656 )**
**40,474**
**45,307**
**45,307**
45,307
**45,307**|**2023**
**£**
**£**
4,833
**4,833**
7,163
35,967
**43,130**
**(2,656 )**
**40,474**
**45,307**
**45,307**
45,307
**45,307**|**2022**
**£**
**£**
5,845
**5,845**
8,567
46,996
**55,563**
**(3,881 )**
**51,682**
**57,527**
**57,527**
57,527
**57,527**|**2022**
**£**
**£**
5,845
**5,845**
8,567
46,996
**55,563**
**(3,881 )**
**51,682**
**57,527**
**57,527**
57,527
**57,527**|
|---|---|---|---|---|
|||**4,833**
**40,474**||**5,845**
**51,682**|
||**43,130**
**(2,656 )**||**55,563**
**(3,881 )**||
||||||
|||**45,307**||**57,527**|
|||**45,307**||**57,527**|
|||45,307||57,527|
|||**45,307**||**57,527**|
The financial statements were approved by the Board of Trustees and authorised for issue on …………………………… and were signed on its behalf by:
The notes on pages 6 to 10 form part of these financial statements.
Page 5
**Ormesby Village Preschool Notes to the Financial Statements For The Year Ended 31 August 2023**
## 1. **Accounting Policies**
## **Basis of Preparation of Financial Statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be requires in the settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible Fixed Assets**
Depreciation is provided as the following annual rates in order to write off each asset over estimated useful life **.**
Fixtures & Fittings 25% on Cost Computer Equipment 33% on Cost
## **Taxation**
The charity is exempt from tax on its charitable activities **.**
## **Fund accounting**
Unrestricted funds can be used in accordance with charitable objectives at the direction of trustees.
Restricted funds can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
period of the lease **.**
Page 6
continued…
## **Ormesby Village Preschool Notes to the Financial Statements (continued) For The Year Ended 31 August 2023**
## **2. Other trading activities**
|Fundraising Events
Clothing sales|**2023**
**£**
2,103
282
2,385|**2022**
**£**
1,181
490|
|---|---|---|
|||
8,567|
## **3. Trustees’ remuneration and benefits**
There were no trustees’ remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees’ expenses**
There were no trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **4. Comparatives for the statement of financial activities**
|**4. Comparatives for the statement of financial activities**||
|---|---|
|**INCOME AND ENDOWMENTS**
Donations and legacies
**Charitable activities**
Fee Income
Other trading activities
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Fee Income
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
-
323,104
1,671
-|
||324,775
4,019
315,217|
||319,239|
||5,539
51,988|
||57,527|
continued…
Page 7
## **Ormesby Village Preschool Notes to the Financial Statements (continued) For The Year Ended 31 August 2023**
## **5. Tangible Assets**
|**Cost**
As at 1 September 2022
Additions
As at 31 August 2023
**Depreciation**
As at 1 September 2022
Provided during the period
As at 31 August 2023
**Net Book Value**
As at 31 August 2023
As at 1 September 2022
**.** **Debtors:** **Amounts Falling Due Within One Year**
Trade debtors
Prepayments and accrued income
**.** **Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other creditors|**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**£**
**£**
11,478
2,119
469
130|**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**£**
**£**
11,478
2,119
469
130|**Total**
**£**
13,597
599|
|---|---|---|---|
||11,947
2,249||
14,196|
||7,159
593
1,197
414||
7,752
1,611|
||8,356
1,007||
9,363|
||3,591
1,242||
4,833|
||4,319
1,526||
5,845|
|||**2023**
**£**
5,496
1,667
7,163
**2023**
**£**
200
2,456
2,656|**2022**
**£**
7,466
1,101|
||||8,567|
||||
**2022**
**£**
-
3,881|
||||3,881|
## **6. Debtors: Amounts Falling Due Within One Year**
## **7. Creditors: Amounts Falling Due Within One Year**
|**8.** **Movement in Funds**
**Unrestricted funds**
General Fund
**Total Funds**|**At 1.9.22**
**Net**
**movement in**
**funds**
**At 31.8.23**
**£**
**£**
**£**
57,527
(12,220)
45,307|
|---|---|
||57,527
(12,220)
45,307|
## **8. Movement in Funds**
continued…
Page 8
## **Ormesby Village Preschool Notes to the Financial Statements (continued) For The Year Ended 31 August 2023**
## **8. Movement in Funds** - continued
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Fund
**Total Funds**
**Comparatives for movement in funds**
**Unrestricted funds**
General Fund
**Total Funds**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General Fund
**Total Funds**
A current year 12 months and prior 12 months combined position is as follows:
**Unrestricted funds**
General Fund
**Total Funds**|**Incoming**
**resources**
**Resources**
**expended**
**Movement in**
**funds**
**£**
**£**
**£**
304,341
(316,561)
(12,220)|
|---|---|
||304,341
(316,561)
(12,220)|
||**At 1.9.21**
**Net**
**movement in**
**funds**
**At 31.8.22**
**£**
**£**
**£**
51,988
5,539
57,527|
||51,988
5,539
57,527|
||**Incoming**
**resources**
**Resources**
**expended**
**Movement in**
**funds**
**£**
**£**
**£**
324,775
(319,236)
5,539|
||324,775
(319,236)
5,539|
||**At 1.9.21**
**Net**
**movement in**
**funds**
**At 21.8.23**
**£**
**£**
**£**
51,988
(6,681)
45,307|
||51,988
(6,681)
45,307|
continued…
Page 9
## **Ormesby Village Preschool Notes to the Financial Statements (continued) For The Year Ended 31 August 2023**
## **8. Movement in Funds** - continued
A current year 12 months and prior 12 months combined net movement in funds, included in the above are as follows are as follows:
|follows:||
|---|---|
|**Unrestricted funds**
General Fund
**Total Funds**|**Incoming**
**resources**
**Resources**
**expended**
**Movement in**
**funds**
**£**
**£**
**£**
629,116
(635,797)
(6,681)|
||629,116
(635,797)
(6,681)|
## **9. Related Party Disclosures**
There were no related party transactions for the year ended 31 August 2023
Page 10
**Ormesby Village Preschool Detailed Statement of Financial Activities For The Year Ended 31 August 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Fundraising events
Clothing
Income - Funded
Income - Private
Income - Holiday Club
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Clothing
**Administrative Expenses**
Wages
Staff training
Rent and Rates
Insurance
Stationery and Website
Telephone
Depreciation of fixtures and fittings
Depreciation of computer equipment
Sundry expenses
Food and Drink
Consumable toys and equipment
**Governance Costs**
Accountancy and legal fees
Independent examination fee
Total resources expended
NET INCOME|**2023**
**£**
**£**
-
2,103
282
2,385
178,061
102,520
21,375
301,956
304,341
-
-
280,993
75
8,488
1,519
3,478
2,209
1,197
414
1,324
4,436
7,391
(311,524)
4,317
720
(5,037)
(316,561)
(12,220)|**2023**
**£**
**£**
-
2,103
282
2,385
178,061
102,520
21,375
301,956
304,341
-
-
280,993
75
8,488
1,519
3,478
2,209
1,197
414
1,324
4,436
7,391
(311,524)
4,317
720
(5,037)
(316,561)
(12,220)|**2022**
**£**
**£**
-
1,181
490
1,671
209,193
98,086
15,825
323,104
324,775
4,019
(4,019)
278,824
634
9,138
499
3,551
2,084
582
1,326
940
4,516
8,523
(310,617)
4,160
440
(4,600)
(319,236)
5,539|**2022**
**£**
**£**
-
1,181
490
1,671
209,193
98,086
15,825
323,104
324,775
4,019
(4,019)
278,824
634
9,138
499
3,551
2,084
582
1,326
940
4,516
8,523
(310,617)
4,160
440
(4,600)
(319,236)
5,539|
|---|---|---|---|---|
|||2,385
178,061
102,520
21,375||1,671
209,193
98,086
15,825|
|||301,956||323,104|
|||304,341
-
(311,524)
(5,037)
(316,561)||324,775
(4,019)
(310,617)
(4,600)
(319,236)|
||4,317
720||
4,160
440||
||||
||
|||(12,220)||5,539|
This page does not form part of the statutory financial statements
Page 11