HIGHWAYS AT HAMSTREET ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024 HIGHWAYS AT HAMSTREET LEGAL AND ADMINISTRATIVE DETAILS Trustees Emma Yeomans Michaela Morris Laura Drawbridge Abbey Williams Jodie Donovan Emma Wynne Kirsty Samson Secretary Laura Drawbridge Charity Number 1089979 Goveming Document Pre-school Leaming Aliance Pre-schfy)I Conslilulion 1999 Objects To enhance the development and edu￿tIOn of children primarily under statutory school age by encouraging parents to understand and provide for the needs of the children through community groups 8nd by instigating and adhering to, and furthering the aim of Pre-school Leaming Ajliance. Principal Address Highways al Hamstreet Hamstreet Nr Ashford Kent TN26 2EA Independent examiner B.V.Symonds Little Orchards Sandyhursl Lane Ashford Kent Principal bankers Lloyds TSB High Street Ashford Kent HIGHWAYS AT HAMSTREET INDEX TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024 Page Trustees reFK)rt Independent examiners report Statement ol finanaal activities Balance Sheet Notas to tha accounts HIGHWAYS AT HAMSTREET REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present herewith their report and the a(xounts. which have been prepared in accordan￿ with current statutory requirement5 for the periLKI ended 31 August 2024. Review of the eriod The Nursery had another very SU￿esSfUl and demanding year . The Nursey staff continued to improve qualifications and the Nursery took on temporary staff to cover maternity leave. The Nursery is still in a fairty healthy financial position despite the deficit for the year. with some successful fund raising events during the year. The trustees would like to thank everyone involved in the Nursery for their continued help and support. Result The deficit for the period amounted to £5,83012023 Deficit £20.1221 LIST OF TRUSTEES Chairperson Treasurer Secretary Officers Emma Yeomans Michaela Morris Laura DrawbrKJge Kirsty Samso Abbey Williams Emma Wynne Jodie Donovan By order of the trustees HIGHWAYS AT HAMSTREET REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF HIGHWAYS AT HAMSTREET FOR THE PERIOD ENDED 31 AUGUST 2024 I report on the accounts of the charity for the period ended 31 August 2024 whid) are sel out on pages 3-8 Res gctive re¥ onsibilities of trustg9s and examinor The nurserys trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for the year under section 43121 of the Charities Act 1993, and that an independent examination is needed. It is my responsibility lo issue the report on these accounts. Basis of inde ndent examiners re My examination was carried out in accordance with the General Directions given by the Charity Commissioners under Section 43 {71 Ib} of the Charities Act 1993. The examination includes a review of the accounting records kept by the nursery and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in Ihe 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 consequenuy I do not express an audit opinion on the view given by the accounts. Inde ndent exarniner's statement In connection with my examination. no matter has come to my attention 1, Which gives me reasonable ￿use to believe thal in any material respect Ihe requirement to keep accounting records in accordan￿ with Section 41 of the Charities Act 1993 and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Chartbes Act 1993 have not been mel or.. 2, To which in my opinion attention should be drawn in order to enable a proper understanding of th8 accounts lo be reached. B.V.SYMONDS Little Orchards Sandyhursl Lane Ashford Kent TN25 4NT Page 5 HIGHWAYS AT HAMSTREET ACCOUNTING POLICIES la) Basis of Accounting These accounts have been prepared under the historical cost convention and in 8￿rdan￿ with applicable accounting standards and the Statement of Re(x)mmended Prackn"ce on Actx)unting by Charities (the Charities"S.O.R.P"l. Ib) Voluntary income received by way of donations is included in the Statement of Financial Activities (the S.O.F.A} when received. Icl Gross fund raising income from events organised by the nursery itself is included in the SOFA when received. dl Premises overheads are aggregated and allocated to the various functional activities of the nursery on a per￿ntage basis detemiined by the Trustees and disclosed in a note. Any costs which cannot be specrfically idenlified to another functional acbvity of the nursery are included in the management and administration function. The Trustees decided to prowde depreciation from inception on all tangible fixed assets of material value held by the nursery on a straight line basis so as to write off their cost over their estimated useful lives as follows:_ Fixtures and Fittings Plant and Equipment 5 years 5 years gl No provision for taxation is included in the accounts as the nursery is entiued to the exemption from tax afforded by Section 505 of the Income and Corporation Taxes Act 1988. Page 6 HIGHWAYS AT HAMSTREET 2024 2023 OVERHEADS Light and Heat Insuran Telephone Repairs and Renewals Cleaning and Housekeeping Depreciation 2.500 2.306 3,211 2.217 263 5.386 630 602 3.229 626 430 TOTAL FOR YEAR 9,936 12,309 Allocated to Direct Charitable Expenditure Fund Raising and Publicity Management and Administration 8.946 495 495 11.009 650 650 TOTAL ALLOCATION FOR YEAR 9,936 12,309 DIRECT CHARITABLE EXPENDITURE Materials Rent Wages Lunches Uniforms Tea Towels Photos Books and Toys Computer Costs Share of Premises Overheads 4.556 4.880 164,886 10,559 1.219 4.894 4,736 152.185 1.454 602 1.042 8.946 691 937 11,(H)9 196,690 185.752 FUND RAISING AND PUBLICITY COSTS Fund Raising Expenses Share of Premises Overheads 72 650 495 555 722 Page 7 HIGHWAYS AT HAMSTREET 2024 2023 MANAGEMENT AND ADMINISTRATION COSTS Postage, Printing and Stationery Miscellaneous Expenses Share of Premises Overheads 780 465 495 216 1,101 650 1,740 1.967 TANGIBLE FIXED ASSETS Fixture5 & Ftltings Plant & Equipment Total Cost Balance blf Additions in period 14.870 19,396 34.266 Al 31 August 2021 14.870 19.396 34.266 reciation Balance blf Charge for period 14.869 18.799 430 33.668 430 At 31 August 21 14.869 19.229 34,098 Net Book Value At 31 Augus12023 597 598 At 31 August 2024 167 RECONCILIATION OF FUNDS TOTAL At 1 September 2023 Deficil-Period ended 31 August2024 59.422 15,830} 53,592 Page 8 HIGHWAYS AT HAMSTREET STAFF COSTS AND NUMBERS There were 12024-9) staff employed by the charity during Ihe year al a cost of £164,88612023 -£152,185)- TRUSTEES REMUNERATION AND EXPENSES None of the charity's trustees were direcuy or indirectiy remunerated in any way. 11 is the policy of the charity to reimburse in full all expenses incurred by ils trustees and committee members in connection with its charitsble aclivilies. During the year the lolal amount reimbursed to Trustees and committee members in respect of telephone. postage and other similar expense is reflected in notes 3 and 5. 10. FUND RAISING ACTIVITIES Sel out below is the nel income generated from the respective fvnd raising activities during the period. 2024 2023 Various others 2.840 1.027 2.840 1.027 11. FUNDS The total funds of the charity are all unrestricted. We hereby accept adopt and approve the attached ststement of financial activities for the period ended 31 August 2024 and the balance sheet as at 31 August 2024 together with the notes to the accounts. Chairperson Page 3 HIGHWAYS AT HAMSTREET STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2024 ALL FUNDS ALL FUNDS 2024 2023 INCOMING RESOURCES Nursery Fees Lunches Uniforms Tea Towels Fund Raising Grants Donations Miscellaneous Bank Interest 178,282 8,016 1.041 159.055 6.050 399 2,840 902 925 1.147 1.027 1.000 300 TOTAL INCOMING RESOURCES 193.155 168.319 RESOURCES EXPENDED Direct Charitsble Expenditure Fund Raising and Publicity Costs Management and Administration Costs 196.690 555 1.740 185,752 722 1.967 198.985 188.441 NET INCOMING RESOURCES FOR PERIOD 15,830) (20.1221 FUND 8ALANCE CARRIED FORWARD AT 31 AUGUST 53.592 59,422 Page 4 HIGHWAYS AT HAMSTREET BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 TANGIBLE FIXED ASSETS 168 CURRENT ASSETS Stock Sundry Debtors Cash al Bank Cash in Hand 1.611 810 54.943 1,633 970 59.796 57,364 62.399 CURRENT LIABILITIES Creditors Deferred Income 360 3,580 360 3,215 3.940 3,575 NET CURRENT ASSETS 53,424 58.824 TOTAL ASSETS LESS CURRENT LIABILITIES 53.592 59.422 REPRESENTED BY GENERAL FUNDS 53.592 59.422 HIGHWAYS AT HAMSTREET INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2024 2024 2023 INCOME Nursery Fees Lunches Uniforms Tea Towels Fund Raising Grants Donations Miscellaneous Bank Inte￿st 178,282 8.016 1.041 159.055 6.050 399 2,840 902 925 1.147 1,027 1.000 300 193,155 168,319 EXPENDITURE Materials Rent Wages Lunches Uniforms Books & Toys Insuran Light & Heat Printing, Postage & Stationery Telephone Computer Costs Repairs & Renewals Cleaning & Housekeeping Legal and Professional Depreciation Miscellaneous Expenses 4,556 4,880 164,886 10,559 1,219 602 2.306 2.500 780 4,894 4.736 152.185 9,846 1,454 691 2,217 3,211 216 263 937 5,386 630 360 602 813 1,042 3,229 626 360 430 165 198.985 188.441 NET IDEFICIT)ISURPLUS for year (5.830) (20.1221