Charlty Regl$trallon t40. 1074136 PETER PAN PRESCHOOL BATH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 PETER PAN PRE-SCHOOL BATH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs F Parsons Ms S Thomber MS R Roche Ms C Woo(frward Ms L Speers M$ J Bishop Charity number 1074136 Prlnclpal address Meth(¥Jist Church Hall Kennington Road Bath, BA1 3EA Independent examiner Mr P J Barton FCCA ART Accountants Limited Ground Floor 11 Manvers Street Bath BA1 1JQ Bankers Lloyds Bank 47 Milsom Street Bath BA1 1DN PETER PAN PRE-SCHOOL BATH CONTENTS Pagg Trust99s' report Independent examinerfs report Statement of financial activities Balance sheet Notes to the acc¢JJnts PETER PAN pRE￿CHOOL BATH TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST2023 The trustees present their report and accounts for the year ended 31 August 2023. The accounts have been prepared in accordance wrth the accounting p)licies set out in Note 1 to the accounts and comply with the charity's Constitution, the Charities Act 2011 and "Accounting and Reporting by Charilieg.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 leffectsve 1 January 20191° Oblectlvgs and activities The object of th¢ Charity is to enhance the development and education of children primarily under str1￿Ory school age by encoufa9in9 Pa￿nts to understand and provide for the needs of their children through community groups. We offer affordable and fully inclusive li.e. open to all areas of the community from those ￿th special needs lo those on low income) preschool education to the under 5's. By implementing the EYFS Curriculum, investing in our staff and fostering a nurturing environment we enhance the educatson and development of our children. Achlevgments and perforniance During the year we provided Pre-sch￿1 Education for 30 families, making SU￿ that each child left to lake up their place al Primary school fully prepared, and. if necessary. the support and funding in place lo enable them to flourish. We continued lo implement the newly updated EYFS O-5 Curriculum and lo work with families and support ageneies of SEN children lo provide them with an inclusive Pre-school Education. Fundraising efforts saw funds raised for new ind￿r equipment and outside gardening activities. Our Leadeiship team continued to ensure a motivated arKI well trained team of praclitooners through regular access lo training, supervision meetings and appraisals. We also continued to be Otsled ready a$ a team of Trustee5 and Staff. Flrture Plans The next year to August 2024 sees another increase in th¢ National Minimum Wage and the introduction of increas8d Early Years Funding being available to families $0 finances will continue to be light. Fees were reviewed and due to incTease al the start of financial year 23124, which should offset some of these challenges. Financlal review The Trustees recognize the need to maintain a suffieient level of reserves for use in the event of the charity no longer being viable. A signifi¢anl drop in the numbers of children attending or loss of our rented premises could be examples ofthese. It is our policy to hold in reserve the equiv8lent of6 months of running costs at £7.000 per month represented in the free reserve5 figure of £47.907. PETER PAN PRE-SCHOOL BATH TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Structure. governance and management Peter Pan Pre-school Bath is formed under a Constituiion dated 21 January 1999 as amended on 11 Oclobef 2011. 11 is a registered charity. chanty number 1074136 and takes the legal form of 8 members. association. Thè Committee members and staff served during the year were as follows.. Chalrpetson C Moon Treasurer B Gardiner Se¢retsry S Thomber Ordinary members F P8r50ns J Bishop Pre4chool Leaders M Jones and K Carter Pr•-S¢hool Staff S Walton, J Bolton. F Parsons. C Matthews. C Sykes. K McDouall. A Denning. C Ridley Trustges are appointed by a vole at the Annual Genwal Meeting. The board of trustees have the power to appoint new or additional tnFStees and to remove any trustee provided the number of trustees does not fall below a minimum of three. The tnf8tees who served during the yaar were: Mrs K Pamar (Resigned October 2022} Mrs F Parsons Mrs C Moon (Resigned October 20231 Mr B Gardiner (Resigned October 20231 Mrs S Thomber Mrs J Bishop Ms R Roche (Appointed October 2023) Ms C Woodward (Appointed October 2023) Ms L Speers (Appointed October 20231 Publlc benefit We have had regard lo the guidonce contsined in the Charity Commission's general guidance on public benefft and referred to it when reviewng our aim and objectives and in planning our future activities. The trustees. report was approved by the Board of Tfuslees. Mrs F Parsons Trustee PETER PAN PRE-SCHOOL BATH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PETER PAN pRE￿CHOOL BATH I report on the accounts of the charity for the year ended 31 August 2023, which are $&1 out on pages 4 to 8. Respectlve responsibllltles of trust90$ and examiner 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 14412) of the Chanties Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility lo.. examine the accounts under Section 145 of the 2011 Act.. {iil to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Acl-, and liiil to stale whether particular matters have come lo my attention. Basls of Independent examinerf$ report My examination was carried out in accordance wth the general Direth"ons given by the Charity Commission. An examination includes a review of the accounting recor¢Js kept by the charity and a comparison of the accounts presented with those records. 11 also includes ￿nSideration of any unusual items or disclosures in the accounts and seeking explanations from you as tnjslees concemiThJ any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit and consequenuy no opinion is given as lo whether the accounts present a 'lrue and fair vievl and the report is limited lo those matters set out in the next statement. Independent examlngrfs ststerngnt In connection wth my examinab"on, no other has come to my attention= lal which gives me reasonable cause lo believe that in any materi81 ￿SPect the ￿uIreMents. lil lo keep accounting records in ac¢ord8nce ￿th se¢tion 130 of the 2011 A¢t", and lill lo piepare a￿OuntS which accord wth the accounb'ng records and comply %wlh the accounting requirements of the 2011 Act.. have not been mel or Ibl to which, in my opinion, attention should be drawn in order to enable a proper undorslanding of the accounts to be reached. Mr P J Barton FCCA ART Accountants Limited Chartered Certified A¢¢ountants Ground Floor 11 Manvers Street Bath BAI 1JQ Dated.. PETER PAN PRE￿cHOoL BATH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestrfthd Re$trlcted funds funds Total 2023 Total 2022 Notss Incom Charitable activiti Inveslrnenls 102.149 151 11Y2,149 151 105,955 18 Total Income 102.300 102,300 105,973 endlt Charitable ath'vities 115.081 115,081 104,973 Total resources expendgd 115,081 115,081 104.973 Net movement In funds (12.781) 112,7811 1,000 Fund balanees at 1 September 2022 60.688 60,688 59.688 Fund balances at 31 August 2023 47,907 47,907 60,688 The statement of financial activibes includes all gains and losses rerngnised in the year. All income and expenditure derive from continuiThJ aclivrtses. PETER PAN PRE-SCHOOL BATH STATEMENT OF ASSETS AND LIABILITIES ASAT31 AUGUST2023 2023 2022 Notss Current as$•ts Cash at bank and in hand 47.907 60,688 Cr•ditors: amounts falling due wFthln one year Net current assets 47.907 60,688 Totsl assets less curTent Ilabilitl8s 47.907 60,688 Income funds Restricted funds Un￿StriCted funds 47.907 60,688 47,907 60,688 The accounts were approved by the Trustees on l31b.Iutr... Mrs F Parsons Trustee MSLS Trustee PETER PAN PRE-SCHOOL BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 Accounttng pollcl Charity Infomiatlon PETER PAN PRE-SCHOOL BATH is an unincorporated body lthose goveming d(Kumenl is a conStitU￿on. 1.1 A¢countlng convention The accounts have been prepared in accordance the chari￿s ￿nStitution. the Chartties Act 2011 and "Accounting and Reporting by Charities_. Statement of Recommen¢Jed Practice applicable to chaThties preparing their accounts in accordance wlh the Fin8ncial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102)" {effective 1 January 20191. The charity is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo ptepare a Statement of Cash Flcr•VS. The accounts have departed from the Charities (Accounts and ReF)Ortsl Regulations 2008 only lo the extent required lo provide a true and fair view. This departure has involved followng the Statement of Recommended Practice for charities applying FRS 102 rather Ihan the version of the Ststement of Re¢ommendgd Practice which is referred to in the Regulations but which has since been wtthdrawn. The accounts are p￿Pared in sterfing. which is the fvnth.onal currency ol the charity. Monetsry amounts in these finan¢ial slalements are rounded lo the nearest £. The a¢counls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the lime ofapproving the accoijnts, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operatsonal existence for the foreseeable future. Thus the trustee5 continue to atjopl the going concern ba515 of accounting in preparing the accounts. 1.3 Charitable funds Unieslricted funds are available for use at the thiscretion of the trustee$ in fvrtherance of their charitsble objectives unless the funds have bèen designated for other purF)oses. Restricted funds are subject lo specffic conditions by donors as to how they may be used. The pU￿oseS and uses of the reslricled funds are set out in the notes lo the accounts. 1.4 Ineomlng resources Income is recognised when the charity 18 legally entiued lo it after any perfomiance conditions have been mgt, the 8mounls Can be measured reliably, and it is probabje that income will be receiveil. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfom7ance condttions require deferral ofthe amount. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, derx)$tts held at call wth banks, Other short-lemi liquid investments wlh original maturities of three months ot less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. PETER PAN PRE-SCHOOL BATH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2023 Charltable actlvlties - Incorne 2023 2022 Grants Fees and snack money Milk Other Fundraising 68.425 31,140 620 67.561 31,871 537 1,964 5,986 102,149 105,955 Invgstments 2023 2022 Interest iecetvable 151 18 151 18 Charitabl• actlvltle5 - Expendlture 2023 2022 Wages and training Sn8cks Milk Play equipment Fundraising 98,865 1,169 660 809 290 85,539 978 797 3,021 552 101,793 90,887 Share of support co$ls (see note 51 sha￿ of governance costs (see note 51 12,838 450 13,668 420 115.081 104,973 PETER PAN pRE￿CHOOL BATH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Support and governance ¢osts Support Governance ¢osts costs 2023 2022 Basls of allocatlon Repairs & maintenance Rent Insurance Adminislralion costs Sundries 50 7.164 636 824 4.164 50 7.164 636 824 4.164 1,220 Charitable activities 6,804 Charitable a¢livilie5 587 Charitable acb'vities 847 Charitable activities 4,208 Charitable activities Independent examination 450 450 420 Goveman¢e 12.838 450 13,288 14.086 Analysed betsveen Chaiitable activities 12,838 450 13.288 14.086 Govemance costs indude5 payments to the independerrt examiner of £450 {2022- £4201.