Accounts 2023 - 2024 Charity No: 1087651 osj Pre. li kiA
Committee 202312024 Chairperson Sophia Reader Treasurer Stephen Mccormick Secretary Patricia Evans Committee Members Samantha Ingham Doreen Quayle Laura Horsley Leslie Moss (Church representative) Kerry Masters
Report of the trustees for the year ended 31 March 2024 Introductlon The aim of the charity is to provide free pre-school education to children behveen the ages of two years nine rnonths to four years for a maximum of twenty children, selected by an admissions list. This admissions list operates on a date of birth priority system. Spinney Pre-school was formed in April 2001. Activities of Splnney Pre-school Pre School have continued to promote an educational, happy. and warm environment ensuring all children are encouraged to continually learn and develop. We have nurtured children's development by catering for individual needs and interests. We have a successful committee who are enthusiastic and supportive in all that they do. We welcomed our new member, Mr Sam Macfarlane (Awaiting approval from Ofsted) Staff continue to promote their professional development. All staff members and our supp stsff hold Paediatric first aid certificates. Two members of staff are qualffied SENCO'S. We continue to teach children through their interests and topic themes, which included Transport, People who Help Us. Nursery Rhymes. Owl Babies and Bears. We have contlnued to develop links with outside agencies, such as St Michaels with St Thomas Church, we had Chicks on Wheels come into Pre School to entertain the children al our Christmas party and inviting Paul Delaney in to do some singing and reading stories with the chil(Fren. W8 also had Wings and Things in, to show the chil(tren some of his Owls. We have good links with the Earfy Years Partnership Team and continue to have links with the Early Years Alliance. We have continued to develop our outsSde play area and enhance the continuous provision by adding resources such as new blackboards. Our allotment outside in the shared access area is where we have grown potatoes. wildflowers etc. We have also continued to self-moderate learning areas in order for us to purchase new equipment. The outdoor area is a big success, and we are extremely happy that we can continue to access outdoor play regularly with the children. We monitor our practice Ihrough the operational plan, the self-assessment for Ofsted and through reports given to us from the Early Years Team and the LA. We also do room area moderationlassessment. weeklyltopic evaluations, and peer on peer observations to rn8intain high standards through self-reflection. We share information with Parents and Carers through diaries. newsletters, emails etc. Again, we decided to not have meetings with Parents at the end of the year, but if Parents need to chat, we do have an 'Open door policy., as we have an 'open door policy.. Staff put a business plan together every April with objectives for the following year. Our Facebook page is 'Great success, as we constantly have had plenty of positive feedback from the Parentslcarers. We have continued to put what we will be having for snack on Facebook and emails for the ones that are not on it to inform them. Parents seem to like this as they know what their child is eating between mealtimes. Our 30-hour sessions continue to be a great success and the children are benefiting from this.
Running of the Pre-school Income Generation. During the 2023-24 year the pre-school received local authority grants totalling £77,138.81. This equates to 89.620/0 of the pre-school income for the year. During the 2023-24 year were able to host an Easler Raffle and Chrfstmas bingo whlch ralsed £1,937.20 for our fund raising for the full year. This was an increase on the previous year. Parental subs and snack money raised a total of £5,887.85. (This represents 6.840/0 of the ncome received). Also. during the year, the setting recelved £372.43 charitable donations, £112.43 from Amazon Smile, which has now ceased and £260.00 from an anonymous donation, Resources Expended Wage costs are the largest expenditure item for the pre-school, amounting to £55,010.08 for the two Permanent members of staff, 1 part time member of staff and temporary covering staff paid on an ad hoc basis. £7.323.43. was paid in tsxes and Nl. The pension's contributlons totalled £2.963.59. for the year. In total the employment costs were £65,297.10 which is 75.86'h of total income. Total Expenditure of £80,244.95 represents 93.230A of the income received. During the year our expenditure on electricity and water totalled £1,002.24. which is 1.16°/o of our total income. During 2023-24 the Pre-school spent £1.757.72 on fixed assets, which equates to 2.040/0 of income (Included in the LEA income above). This included £774.00 for new blinds, £300.00 for outdoor chalk boards. and £266.87 on educational toys. other significant items of revenue expenditure are snacks for the children at £1.544.13. 1.79 /0 of income and bookkeeping costs of £1,117.88, 1.30°/0 of income. Building & Contents insurance came to £1.183.29, which is comparable with the previous year. Our trips and transport cost £1,833.00 which is 2.13% of income. This year the Pre-school has made a surplus of £5.826.34. The ¢kising cash balance for 2023-24 was £92.554.97 . This is made up of the 2022-23 available balance of £86,728.63 + surplus of £5.826.34 to arrive at the balance of £92,554.97 . This is a sustainable balan for the coming financial year. Govem8nce and Intemal Control The Committee is selected at the Annual General Meeting from nominations. voted on by the residing committee of Parentslcarers and then other interested parties. There is a staff representative at each meeting. Staff cannot be elected on to the Gornmittee because they are paid by the committee. The Committee shall consist of three officers (Chair, Secretary and Treasurer) and not less than two or more than nine elected members and if the Committee so decides not more than Ihree members COpted by the Committee. OffirS, elected member's and co-opted members each have one vote. In the event of a tie the Chair has a second or casting vote.
A quorum shall be not less than half the Committee. including two of the officers. No Co-opted members can sit for more than four consecutive years. The Committee meets at least three tim8s a year plus whenever an issue needs to be resolved. All decisions taken by the Committee are discussed in full and voted on at the Meetings. Charity Law and Accounting Standards. Charity law requires the committee to prepare financial ststements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit for that period. In preparing those financial statements the committee have: _ selected suitsble accounting policies and applied them consistenty. made judgements and estimates that are reasonable and prudent. prepared the financial statements on the going concern basis. The Committee have overall responsibility for ensuring that the charity has approwiate control systems. financial and otherwise. They are also responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity law. The Committee are also responsible for safeguarding the charity's assets. and hence for taking reasonable steps for the prevention and detection of fraud and other iffegularities. The committee have discussed the issue that a registered Auditor needs to be appointed to verify the yearly accounts and this matter is being dealt with. Approved by the Trustees on11 i qi l+nd signed on their behalf by Sophia Reader (Chairperson)
INDEPENDENT ACCOUNTANTS REPORT TO THE TRUSTEES OF SPINNEY PRE4CHOOL I report to the trustees on my examination of the financial statements of Spinney Pre- school for the year ended 31 March 2024. Respective Responsibilities of Trustees and Accountant As the charty's trustees you are reskKJnsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable dlrections given by the Charity Commission under section 145(5) of the Act. Basis of Independent Accountants Report Our examination was carried out in accordance with the General Directions given by the Charrty Commissioners. An examination indudes a review of the accounttng record5 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. Independent examlnerfs statement I have completed My examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect: . accounting record5 were not kept in Trspect of the charity as required by section 130 of the Act., or 2. the financial statements do not accord with those records,. or 3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairt view which is not a matter considered as part of an independent examination. I have no concems 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. Giles Mattocks FCA Independent Examiner Mattocks Grindley Chartered Accountanls 18 Mulbery Avenue Tumstone BusTness Park Widnes Cheshire WA8 OWN 2rffv12fr
Receipts and Payments Account for the Year ended 31st March 2024 Income Local Authority Grants 77.138.81 Parental Feeslsnack Money Trip Fund Raising Charitable Donations Bank Interest 5,887.85 735.00 1,937.20 372.43 0.00 Total Income 86.071.29 Expenditure Fixed Assets Salary Costs Tax&NI Pension Contributions Insurance Rental of Mobile Unit Heating. Lighting & Water RepairslGeneral Repairs & Maint. DBS Checkslotsted Snacks Gardening Materials - Stationery Materials-Art Materials- Cleaning Consumable's pclprinter Consumables Clothing Gifts Reg Charity Donations Book Keeping Fees Legal fees Irrfomiation Commission Umbrella Licence (Media) Entertaining Educational Visitor General Expenses Postage Intemet Website & Sofiware Telephone Photography Joumals Training School Trip Health & Safety First Aid EYPP Funded Purchases Total Expendlture 1,757.72 55,010.08 7,323.43 2.963.59 1.183.29 0.00 1,002.24 450.00 0.00 110.10 1.544.13 27.50 324.75 410.74 547.90 129.96 320.94 0.00 484.18 0.00 1,117.88 0.00 35.00 140.81 78.15 150.00 0.00 1.60 696.40 186.32 12.90 270.95 690.00 1.833.00 389.23 0.39 1.051.77 80,244.95 Surplus l (Deficit) for the year 5,826.34 Movement on Reserves at 31st March 2023 Current assets Opening Closing Balance Balance 86,724.14 4.49 86,729.63 0.00 86.729.63 Change Cash at Bank Cash at Hand Surplus l (Deficit) Restricted Fund Total 92,483.39 71.58 92,554.97 0.00 92,554.97 5,759.25 67.09 5,826.34 0.00 5,826.34
Notes formlng part of the financial ststements for tho year ended 31 March 2024. 1) Accounting Policies a) Basis of Preparation The financial staternents have been prepared in accordance with the Statement of Recommended Practice °Accounting and ReportTng by Charities" 2005, and WTth applicable accounting stsndards. These financial statements are drawn up op. the historical cost accounting basis. b) Status Spinney Pre-school is a registered charity. No. 1087651. c) Fund Accounting All restricted funds have now been used and the balance is now zero. All other funds were unrestricted and are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. d) Income Resources All income resources are included in the Statement of Financial Affairs when the charity is legally entitled to the income and can be quantified with reasonable accuracy. e) Resources Expended All expenditure is accounted for on a receipts and payments basis. consistent for charity with a Gross income or total expenditure over £10,000 (but with gross income not over £100,000) in the relevant financial year. Q Tanglble Fixed Assets and Depreciation All assets purchased by the pre-school have been included in the valuations. Items that have been donated have been exduded because of the difFiculty of assigning a historical value. An estimated economic life of the assets has been assumed to be three years. 2) Donatlons and Gifts 2023-2024 0.00 112.43 260.00 372.43 Lottery Grants Corporate Donors Prlvate Donatlons 3) Staff Costs Trustees Remuneration No trustees received any emoluments durlng the year. 2023-2024 Salarles Social Security Costs Pension Contributions 55,010.08 7,323.43 2,963.59 65.297.10 4) Tangible Fixed Assets Due to the small size of the pre-school all items of spending on fixed assels have been accounted for. For depreciation purposes a useful life of three years has been assumed for these items.
FSx•d AM•l ZQIN4 20144S 20t&2017 20f74018 2UI8.2019 201fv2020 2U20-2Wa1 2021.201Z ZOZZ-202J 2423-2W s47.z3 3.111.Zg &019.97 W.9J SO&QT 4023.56 113.14 1011.70 6.329.22 $9.1B 400.00 48B5.73 17Bg.6D 4705.09 7flJ.21 357&79 30PS.gJ f757.72 DS•po•thl off AIY•wr End 10.728.52 11.417 12,52& gJ6B.0g 27A4 ,7M.41 5019AO SD71.72 q831A4 5496.01 2.70B.55 X912A3 4fSDA5 1,9tt6 1443J1 fSQ7.07 1692.65 1306.SB ,019.57 4505 BhS8.lJ2 6,813.14 Ykn22 4,88&73 4709ffj9 357S.79 4g64.66 4338.89 4100.93 5) Debtors The pre-sch11 did not have any debtors at the year-end. 6) Credltors The pre-school did not have any credrf(ors at the yearnd. 7) Financial Commitments The pre-school did not have any outstanding financial contracts or commitments at the year*nd.