Charlty Reglstratlon No. 1074136 PETER PAN PRE-SCHOOL BATH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 PETER PAN PRE-SCHOOL BATH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs F Parsons Ms S Thornber Ms R Roch8 Ms C Woodward Ms L Speers Charlty number 1074136 Prlnclpal address Methodist Church Hall Kennington Road Bath, BA13EA Independent examlnor Mr P J Barton FCCA ART Accountants Limited Ground Floor 11 Manvers Street Bath BA11JQ Banker8 Lloyds Bank 47 Milsom Street Bath BA11DN PETER PAN PRE-SCHOOL BATH CONTENTS Page Trustees, report Independent examiner's report Statement of financlal actlvities Balance sheet Notes to the accounts PETER PAN PRE-SCHOOL BATH TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their report and accounts for the year ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's Constitution, the Charities Act 2011 and 'Accounting and Reporting by Charilies-. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectlves and actlvltles The object of th8 Charity is to enhance the development and education of children prtmarlly under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. We offer affordable and fully Inclusive (i.e. open to all areas of the community from those wlth speclal needs to those on low income) preschool educatlon to the under 5's. By implementing the EYFS 0-5 curriculum, investing in our staff and fostering a nurturing environment we enhance th8 education and development of our children. Achlevements and perfomiance During the year we provlded Pre-school Education for 36 families, maklng sure that each child left to take up their place at Primary school fully prepared, and, if necessary, with the support and funding in place to enable them to flourish. We contlnued to implement the EYFS 0-5 Curriculum and to work with families and support agencies of SEN chlldren to provide them with an inclusive Pre-school Education, Fundralsing effort8 saw funds raised for new Indoor equipment and outsSd8 gardening activities. Our Leadership team continued to ensure a motivated and well trained team of practitioners through regular access to training, supervision meetings and appraisals. We also continued to be Ofsted ready as a team of Trustees and Staff and were inspected in February 2024 gainlng a grading of Good. Future Plans The next year to August 2025 sees yet another Increa88 in the National Minimum Wage plus a rent increase and the Introductlon of increased regulatlon around Early Years Fundlng being available to families so finances will continue to be tlght. Fees wlll be reviewed durlng th8 year and Increased If needed to offset some of these challenges. Flnanclal revlew The Trustees recognize the need to maintaln a Sufficient level of reserves for use in the event of th8 charity no longer being viable. A significant drop in th8 numbers of children attending or loss of our renled premises could be examples ofthese. It Is our policy to hold in reserve the equlvalent of6 months of running Costs at £7,000 per month represented in the free reserves figure of £54.020. PETER PAN PRE-SCHOOL BATH TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Structure, governance and management Peter Pan Pre-school Bath is formed under a Constitutlon dated 21 January 1999 as amended on 11 October 2011. It Is a registered charity, wilh charity number 1074136 and takes the legal fonn of a members, association. The committee members and staff who served during the year were as follows.. Chalrp8r8on F Parsons Treasurer L Speers Secretary S Thornber Ordlnary members R Roche J Bishop C Woodward Pre4chool Leaders M Jones and K Carter Pre4chool Staff S Walton. J Bolton, F Parsons, C Matthews, C Sykes, K McDouall, A Denning, Trustees are appointed by a vote at the Annual General Meeting. The board of trustees have the power to appoint new or additional trustees and lo remove any trustee provided the number of trustees does not fall below a minimum of three. The trustees who served during the year were: Mrs F Parsons Mrs S Thornber Mrs J Bishop (Resigned September 2024) Ms R Roche Ms C Woodward Ms L Speers Mrs C Moon {Resigned October 2023) Mr B Gardiner (Resianed October 2023) Publlc beneflt We have had regard to the guidance contained in the Charity Commission's general guidance on public benefit and referred to it when reviewing our aim and objectives and in planning our future activities. The trustees. report Was approved by the Board of Trustees. Mrs F Parsons Trustee Dated. 10 l.b Ib. PETER PAN PRE-SCHOOL BATH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PETER PAN PRE-SCHOOL BATH I r8POrt on the accounts of the charity for the year ended 31 August 2024, which ar8 set out on pages 4 to 8. Respectlve responslbllltles of trustees and examlner 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act., {ii) to follow the procedures laid down in the general Directlons given by the Charity Commission under section 145{5}(b) of the 2011 Act; and (iii) to state whether particular matters have come to my attention. Ba81s of Indepandent examlnefs report My examlnation was carried out in accordance with the general Directlon8 given by the Charity Commisslon. 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 consideralion of any unusual Items or disclosures in the accounts and seeklng explanations from you a8 trustees conceming any such matters. The procedures undertaken do not provide all the evidence Ihat would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair vlew, and the report Is limited to those matters set out in the next statement. Indèpendent oxamlner's Statemènt In connection with my examination, no other has come to my attentS0n: (a) which gives me reasonable cause to believe that in any materlal respect the requlrements.. (i) to keep accounting records in accordance with section 130 of the 2011 Act., and {11) to prepar8 accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met or (b) to which, In my opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. Mr P J Barton FCCA ART Accountants Llmlted Chartered Certlfled Accountants Ground Floor 11 Manvers Street Bath BA1 1JQ Dated.. 10 SJA￿ loLS PETER PAN PRE-SCHOOL BATH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrlcted Restrlcted funds funds Totsl 2024 Total 2023 Note8 ome fr Charitable activities Investments 131,361 834 131,361 834 102,149 151 Total Income 132,195 132,195 102,300 endlture Charitable activities 128,082 126,082 115,081 Total resourc68 expanded 126,082 126,082 115,081 Net movement In fund8 6,113 6,113 (12,781) Fund balances at 1 September 2023 47,907 47,907 60,688 Fund balance8 at 31 August 2024 54,020 54,020 47,907 The Statement of financSal actlvltle8 Includes all galns and losses recognlsed In the year. All income and expenditure derfve from contlnulng acllvitles. PETER PAN PRE-SCHOOL BATH STATEMENT OF ASSETS AND LIABILITIES AS A T31 AUGUST2024 2024 2023 Notes Current assets Cash at bank and In hand 54,020 47,907 Credltors: amounts falllng due wlthln onè year Net current asset8 54,020 47,907 Total assets less current Ilabllltl8s 54,020 47,907 Income funds Restricted funds Unrestricted funds 54,020 47,907 54,020 47,907 The accounts vrfere approved by the Trustees on ..........,.............. Mrs F Parsons Trustee MSL Tru8tèe 8r8 PETER PAN PRE-SCHOOL BATH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Charlty Informatlon PETER PAN PRE-SCHOOL BATH Is an unin¢orporat&d body whose governing document is a constitution. 1.1 Accountlng conventlon The accounts have been prepared in accordance with the charity's constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Flnanclal Reporting Standard appllcable in the UK and Republic of Ir8land (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provislons in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts have departed from the Charities (Account8 and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has slnce been wlthdrawn. The accounts are prepared In sterling, whlch Is the functlonal currency of the charity. Monetary amounts In these financial statements are rounded to the neare8t £. The accounts have been prepared under the hlstorlcal cost conventlon. The prlncipal accountlng pollcies adopted are set out below. 1.2 Golng concem Al the time of approving the accounts, the trustees h8ve a reasonable expectatlon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the golng concem basls of accountlng In preparing the accounts. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the tru8tee8 in furtherance of thelr charltable objectives unless the funds have been designatad for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incomlng resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognlsed once the charity has been notiflad of the donation, unless performance conditions require deferral of the amount. 1.5 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. PETER PAN PRE-SCHOOL BATH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charltable actlvltlas - Income 2024 2023 Grants Fees and snack money Milk Other Fundraislng 82,743 40,575 268 200 7,575 68,425 31,140 620 1,964 131,361 102,149 Investmonts 2024 2023 Interest receivable 834 151 834 151 Charltable a¢tlvltles - Expendlture 2024 2023 Wages and training Snacks Milk Play equlpment Fundraising 108,210 1,378 251 1,106 98,865 1,169 660 809 290 111,437 101,793 Share of support costs (see note 5) Share of govemance costs (see note 5) 14,195 450 12,838 450 126,082 115,081 PETER PAN PRE-SCHOOL BATH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support and governanca costs Support Governance costs Costs 2024 2023 Basls of allocatlon Repairs & maintenance Rent Insurance Administration costs Sundries 525 7,344 669 860 4,797 525 7,344 669 860 4,797 50 Charitable activities 7,164 Charitable activities 636 Charitable activities 824 Charitable activities 4,164 Charitable activities Independent examination 450 450 450 Govemance 14,195 450 14,645 13,288 Analysed between Charitable activities 14,195 450 14,645 13,288 Govemance costs Includes payments to the Independent examlner of£450 (2023- £450).