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← Pre-School And After School At Whalton School

2024-08-31-accounts

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2024

Charity Number 1078169 Company Number 03853156

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 31 August 2024

Contents
Page
Trustees annual report ………………………………………………………………1 to 9
Independent examiners report ………………………………………………………10
Statement of Financial Activities (including
income and expenditure account) …………………………………………………11
Balance sheet …………………………………………………………………………12
Notes to the financial statements ……………………………………………………13 to 19

Pre-school and after school at Whalton School

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 August 2024 which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2022, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019)

1. Objectives and Activities

1. Objectives

The objectives for which the charity is established are:

2. Activities

The activities of the charity are:

3. Public Benefit Statement

Pre-School and After School at Whalton School (PAWS) delivers a benefit to its users and to the wider public, in the following ways:

Purpose: 1 . To enhance the development and education of children under the age of five in Whalton and the surrounding areas through high quality preschool provision.

The children who attend PAWS are educated to the Early Years curriculum within a safe, inviting setting by staff who are committed to regular training in all aspects of Early Years best practice. The following activities all enhance the preschool experience and help our children develop into broad minded, inquisitive, and confident children.

1

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

We request regular feedback from parents, and we are regularly assessed by a range of educational professionals. Our quality of provision is evident in the responses from our parent feedback forms, parent reviews, as well as in the feedback from local early years professionals and from visiting professionals.

Purpose: 2 . To prepare children for transition to Reception, nominally but not exclusively, at Whalton C of E Aided First School.

Purpose: 3. To provide high quality opportunities for the care, recreation, and education of the children of Whalton and surrounding areas during out-of-school hours and holidays.

2

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

Purpose: 4. To support the wellbeing of families and our wider local community through joint social, environmental and health-related opportunities.

4. Policy on Grant Making

PAWS do not undertake any grant-making activities at this time and as such do not operate a grantmaking policy.

5. Policy on Social Investment

PAWS do not undertake any social investment activities at this time and as such do not operate a social investment policy.

6. Contribution by Volunteers

The committee members of PAWS are volunteers to support the ongoing, general running of PAWS. Parents of children attending the setting have also volunteered their time at fundraising events throughout the year.

3

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

2. Achievements and Performance

We started the year with a strong committee team in place and I want to extend my thanks to each member of the committee for giving up their precious time and putting in so much hard work into supporting PAWS. For the committee members who are newly joining us for 2024/2025, welcome, we look forward to working together and “thinking outside the box” to be a better PAWS.

Summer term 2024, saw a high in preschool numbers, and the addition of increased 2-year-old funding, saw a strong end to the school year. The summer holiday club also exceeded expectations with all dates being fully booked and well staffed ending our financial year on a high.

A generous donation received at the end of Summer 2023, provided crucial funds for essential repair works to PAWS. We strategically planned improvements to maximise the impact of the donation. Major projects included upgrading and relocating our oil tank, installing new flooring throughout the preschool room and the completion of our new composite decking, to allow year-round access to our outdoor space. Our repair costs totaled just over £15,000, fully funded by the £15,000 donation from Datatron. Thank you, David, for making this possible.

With a decrease in volunteers and an uptick in community fundraising, the committee opted for less demanding fundraising initiatives while continuing our successful tea and coffee mornings. Donations from Whalton Village Show contributed to approximately £1,350 in revenue. A heartfelt thanks to everyone who volunteered, baked, and donated throughout the year, and a special shoutout to Kristina for her dedication during weekend events.

In January 2024, we welcomed three new apprentices from Eden Apprenticeship Academy: Jessica Stevens, Jennifer Neville, and Alice Randall. Kristina’s efforts in recruitment and training have been invaluable. Unfortunately, Jessica and Jennifer have chosen not to continue their apprenticeships this academic year. However, I’m pleased to share that Joanne Bell has returned to PAWS, receiving a warm welcome from both returning and new parents.

While we partially met our financial targets for the year, there are areas requiring continued focus in 2024/25, some of which are beyond our control. One key target was to strengthen our relationship with Whalton Primary School to share resources and enhance initiatives. Unfortunately, we’ve faced setbacks, as the school is no longer interested in joint events, such as Open Days, and we’ve lost free access to the school hall for our end-of-term parties. This diminishing support is disappointing, but we remain committed to providing care for Whalton Primary students and accommodating families during school meetings to ensure the best for all children.

Despite these challenges, we made significant strides in 2023/24 and we’re confident of another strong year ahead.

3. Financial review

PAWS’ principal funding source is private fees received for childcare services provided. Other significant income comes from early years entitlement funding received for our pre-school children.

3.1 Review of the year

The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.

During the year the Charity had income of £91,386 (2023: £93,887) of which £nil was restricted (2023; £220) and expenditure of £96,401 (2023: £76,091) of which £nil was restricted (2023; £2,871). There was an operating deficit of £5,015 (2023: surplus of £17,796) of which £nil was restricted (2023; deficit of £1,838).

4

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

At 31 August 2024 the Charity had net assets of £38,653 (2023: £43,668) of which £nil were restricted funds (2023: £nil).

3.2 Reserves policy

As of the 31 August 2024 we hold £38,653 in reserves.

The Trustees consider holding in reserves no less than £15,000.00. This level of reserves is prudent for the Charity at this time considering potential liabilities in the event that the charity ceased.

It’s the committee’s long-term aim to increase the level of reserves held in line with its Reserves Policy to a level which would provide twelve months operating runway.

Our Reserves Policy is reviewed annually.

3.3 Risk Management

Financial risk policy

This policy outlines the framework for management of financial risk at PAWS preschool, highlighting the responsibility of management and the committee to manage financial risks, and to implement good practice.

Risk management

There are systems in place for the effective management of all aspects of PAWS, including financial management, to ensure that we adhere to legislative requirements and apply best practice. Risk assessment and risk management form a critical part of these systems.

Our risk assessment, our health & safety policy, and our financial risk policy together document the overall PAWS approach to management of risk. Arguably, all risks, whether to do with safety, financial assets or reputation, might have financial implications.

Responsibility

All aspects of risk management are the responsibility of the management and committee to whom all significant matters are escalated.

All PAWS staff and committee are involved and have an important part to play in the identification and management of risk. All staff should be aware of the importance of risk management. There should be formal channels of communication both up and down to identify and manage risks.

Committee members should be aware of the risk to the reputation of PAWS from activities that they may undertake elsewhere.

The establishment of effective financial risk management procedures should not be a one-off event. Financial risk management will become an integral part of management processes considered in association with regular reviews of strategy and objectives.

Financial risks will be reviewed quarterly by senior management and committee to monitor changes and check the progress of mitigation measures.

Risks will also be reviewed annually as part of the strategic planning process.

Risk statement

Whilst PAWS is not required to submit financial risk management processes for auditing, it is good practice to submit this policy as part of our Trustees Report, as a statement declaring that all financial risks have been identified, reviewed and managed via appropriate systems.

5

Pre-school and after school at Whalton School

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

Risks

Risks could be anything that pose a threat to the achievement of our strategic objectives, major projects or significant activities, or anything that could substantially damage our reputation or undermine the public’s confidence in PAWS.

Options available to us for managing risk are:

Management and committee responsibility (as per our risk assessment document)

Risk appetite

PAWS takes its safeguarding and governance responsibilities seriously. The financial and other risks associated with these areas are great and there is a risk-averse approach to these aspects at PAWS. Service delivery is also of great importance, but flexibility is needed in order to stay up to date, respond to feedback and in so doing to try new approaches. We therefore apply a more cautiously open approach to service delivery. Equally, with our reliance on statutory funding, we also need an open and adaptable approach to funding and to working with new partners.

4. Plans for future periods

For us to work smarter we strive to improve the support of PAWS through either Friends of PAWS or committee membership. We will continue utilising social media to enhance PAWS visibility and reputation, which has helped secure strong preschool numbers to date and also a provisional list of preschoolers for September 2025.

Looking ahead, we face several key challenges:

  1. Website Improvement: We aim to simplify our site, ensuring it provides important and up-to-date information to effectively convey our message and attract parents interested in our nature-inspired setting.

  2. Creating a Sensory Room: We plan to establish a specially designed sensory room within PAWS preschool to offer diverse sensory experiences. This space will support children, particularly those who are neurodiverse, in managing overwhelming emotions and sensory overloads. We are seeking to raise funds for this important initiative.

6

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

5. Reference and administrative details of the charity, its trustees and
advisors
Registered charity name Pre-School and After School at Whalton School
Limited
Charity number 1078169
Company registration number 03853156
Registered office Whalton C of E Aided Primary School
Whalton
Morpeth
Northumberland
NE61 3XH
Trustees and Members of the Board Faye Jackson
Rory Morrison
Gary Stevens
David Popay
Chairman Faye Jackson
Company Secretary Gary Stevens
Treasurer Rory Morrison
Independent Examiner Doug Maltman FMAAT
Connected Voice Business Services
One Strawberry Lane
Newcastle upon Tyne
NE1 4BX
Bankers TSB Bank
3 – 5 Newgate Street
Morpeth
Northumberland
NE61 1AN

7

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

6. Structure, governance and management

Governing Document

The organisation is a Charitable Company Limited by Guarantee. The Company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of a winding up any member (who is a director) undertakes to contribute to the payment of liabilities, such an amount as may be required not exceeding the total of £1.

Recruitment and Appointment of the Board

The Directors of the Company are also Trustees for the purposes of charity law and under the company's Articles are also its members. Under the requirements of the Memorandum and Articles of Association, at the Annual General Meeting one-third of the Directors, who are subject to retirement by rotation, shall retire. Retiring Directors can be re-appointed at the Annual General Meeting.

Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.

Board Induction and Training

New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:

8

Pre-school and after school at Whalton School (A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report) For the year ended 31 August 2024

7. Statement of Trustee Responsibilities

The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board on 14.03.2025 and signed on their behalf by:

_______ F Jackson (Chair)

_______ G Stevens (Secretary)

9

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 August 2024

I report on the financial statements of Pre-School And After School At Whalton School Limited for the year ended 31 August 2024, which are set out on pages 11 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors of the company for the purposes of company law) 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 of the Charities Act 2022 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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

I 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.

Doug Maltman FMAAT Fellow Member of the Association of Accountancy Technicians Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX Date: 17.03.2025

10

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 August 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Income from:
Activities for generating funds 5 4,980 - 4,980 6,020
Donations and legacies 6 176 - 176 17,577
Charitable activities
Grants and contracts 7 86,230 - 86,230 70,290
Total income 91,386 - 91,386 93,887
Expenditure on:
Raising funds 8 684 - 684 1,386
Charitable activities
Operation of the charity 9 95,717 - 95,717 74,705
Total expenditure 96,401 - 96,401 76,091
Net income/(expenditure) and net
( 5,015 ) - ( 5,015 ) 17,796
movement of funds
Reconciliation of funds
Total funds brought forward 43,668 - 43,668 25,872
Total funds carried forward 38,653 - 38,653 43,668
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 13 to 19 form an integral part of these accounts.

11

Charity Number 1078169 Company Number 03853156

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

BALANCE SHEET

As at 31 August 2024

Current assets
Debtors
16
Cash at bank and in hand
17
Total current assets
Creditors:amounts falling due within
one year
18
Net current assets
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
1,950
41,172
43,122
( 4,469 )		 Total
2024
£
38,653
38,653
38,653
-
38,653		 £
3,272
44,161
47,433
( 3,765 )		 Total
2023
£
43,668
43,668
43,668
-
43,668

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the

small companies regime and in accordance with FRS102 SORP.

The notes on pages 13 to 19 form an integral part of these accounts.

These financial statements were approved by the Board on:

14.03.2025

and are signed on its behalf by: F Jackson Chair

12

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.

Pre-School And After School At Whalton School Limited meets the definition of a public benefit entity under FRS 102.

2.2 Revenue recognition

The charity reported total unrestricted funds at the year end of £38,653 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

3.4 Volunteer Help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

13

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

3.5 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of childcare and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

14

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

Analysis of income

5
6
7		 Charitable activities
Income from grants
Income from contracts
Donations and legacies
Fundraising events
Northumberland County Council - pre-school
funding
Apprentice Grant
Donations
Other income
Pre-school income and after school clubs
Activities for generating funds		 Funds
£
4,980
4,980
176
176
1,000
43
47,883
37,304
86,230
Unrestricted		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-		 Total
2024
£
4,980
4,980
176
176
1,000
43
47,883
37,304
86,230		 Total
2023
£
6,020
6,020
17,577
17,577
-
-
43,140
27,150
70,290

Income was £91,386 (2023: £93,887) of which £91,386 was unrestricted or designated (2023: £93,667) and £0 was restricted (2023: £220)

15

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

Analysis of expenditure on charitable activities

8
9		 Raising funds
Charitable activities
Direct costs
Support costs
Governance costs
Forest School Project
Fundraising expenses
Salaries
Staff training
Light & heat
Telephone and office costs
Insurance / licences
Independent examiner's fees for reporting on
the accounts
Sundries and miscellaneous
Professional fees
Repairs and maintenance
Cleaning materials
Water
Pre-school and after school supplies		 Unrestricted
Funds
£
684
684
68,135
861
-
4,124
15,188
94
143
1,633
1,043
1,954
69
1,849
624
95,717		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
684
684
68,135
861
-
4,124
15,188
94
143
1,633
1,043
1,954
69
1,849
624
95,717		 Total
2023
£
1,386
1,386
60,349
927
701
4,022
2,193
71
156
982
977
1,651
123
1,952
600
74,705

Expenditure on charitable activities was £96,401 (2023: £76,090) of which £96,401 was unrestricted or designated (2023: £73,219) and £0 was restricted (2023: £2,871)

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts 2024
£
624
624		 2023
£
600
600

There were no other fees paid to the examiner (2023: £nil)

16

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

11 Analysis of staff costs and the cost of key management personnel

Gross wages, salaries and benefits in kind 2024
£
68,135
68,135		 2023
£
60,349
60,349

No employee received remuneration above £60,000 (2023: nil)

The key management personnel of the charity, comprise the trustees and the Pre-School Manager. The total employee benefits of the key management personnel of the charity were £30,300 (2023: £26,684).

12 Staff numbers

The average monthly head count was 11 staff (2023: 7 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

13 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

14 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £2,198 (2023: £809). There was £173 outstanding as at 31 August 2024 (2023: £0)

15 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

17

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

16 Debtors and prepayments (receivable within 1 year)

17
Cash at bank and in hand
18
Accruals
Trade creditors
Cash at bank and in hand
Prepayments
Debtors
Other accruals
Independent examination of accounts
Creditors and accruals (payable within 1 year)		 2024
£
1,144
806
1,950
2024
£
41,172
41,172
2024
£
221
624
3,624
4,469		 2023
£
2,188
1,084
3,272
2023
£
44,161
44,161
2023
£
189
600
2,976
3,765

19 Events after the end of the reporting period

No other significant events affecting the Company since the year end.

20 Analysis of charitable funds

Analysis of movements in unrestricted funds

For the year ended 31 August 2024

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
43,668
43,668		 Incoming
resources
£
91,386
91,386		 Resources
expended
£
( 96,401 )
( 96,401 )		 Transfers
£
-
-		 Fund
balances
carried
forward
£
38,653
38,653

Purpose of unrestricted funds

General unrestricted fund

The 'free reserves' of the charity

18

PRE-SCHOOL AND AFTER SCHOOL AT WHALTON SCHOOL LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

21 Capital commitments

As at 31 August 2024, the charity had no capital commitments (2023: £nil)

22 Analysis of net assets between funds

Cash at bank and in hand
Other net current assets/(liabilities)
Other net current assets/(liabilities)
Cash at bank and in hand		 Funds
£
41,172
( 2,519 )
38,653
Funds
£
44,161
( 493 )
43,668
Unrestricted
Unrestricted		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-		 Total
2024
£
41,172
( 2,519 )
38,653
Total
2023
£
44,161
( 493 )
43,668

19