THE LEARNING TREE PRE-SCHOOL Unaudlted Report and Financial Statements For the year ended 31 December 2023 Charity number: 1091155
THE LEARNING TREE PRE-SCHOOL Financial statements for the year ended 31 December 2023 Contents Pages Legal and administrative infonnation Report of the trustees Accountants Report Statement of financial activities Balance sheet Notes to the financial statements Detailed profrt and loss account 10
THE LEARNING TREE PRE-SCHOOL Legal and administrative information Reference and admlnlstratlve detalls Registered Office: The Leaming Tree Pre-school Rowdown Primary School Calley Down Crescent New Addington Croydon Surrey CRO OEG Charity registration number: 1091155 Ofsted registration number: RP904636 Accountsnts: Warren Day Cube House 5 A Whytecliffe Road South Purley Surrey CR8 2AY Bankers: Santander Commercial Bank BRAM. Bridle Road. B¢)oUe, Merseyside GIR OAA Trustees: Melanie Moore Carole Bonner Robert Elliott
THE LEARNING TREE PREcHOoL Report of the trustees for the year ended 31 December 2023 Trusloes. responslbllitles In relatlon to the financlal statements Law applicable to chanties in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair wew of the charily's financial aclivilies dunng the year and of Its financial posilion al the end of the year. In preparing those financial statemènts, the trustees are required to= Select suitable accounting pdiaes and then appty them consistently; Make judgments and estimates that are reasonable and Prudent" State whether applicable accounting standards and statements of recommended practice have been followed subiect to any dePartUS disclosed and explained in the financial statements.. and Prepa the financial statements on the going concem basis unless li is inappropnate to presume that the charity will continue In business. The trustees are responsible for keeping aco)unting records, which disclose with reasonable accuracy at any me the financial posiknon of the chanty and enable them to ensure that the financial siatements comply wrth the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence lor tsking reasonable steps foi the prevention and deteclion of fraud and other irregularities. This report has been prepared in accordance wtih the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005). 2013.1 2oL*.. Approved bythetrusteeson.......... . .. . ...... ..... .. and signe(l on its behalf by:
THE LEARNING TREE PRE4CHOOL Independent examiners report to the Trustees of The Learning Tree Pre-school report on the accounts of the Charitable Company for the year ended 31 December 2023. which are set out on pages 4 to 10. Respectlve responsibilities of trustees and reportlng accountants The Trustees are responsible for the preparation of the accounts. The Board Members consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 ("2011 Act.) and that an Independent Examination is needed. Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to.. Examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and To state whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination indudes 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 you as trustees conceming such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is gtven as to whether Ihe accounts present a Irue and fair Vie and the report is limited to those matters set out in the ststement below. Independent examinerfs SLOrnent In connection with my examination, no matter has come to my att&ntion: (a) which gives me reasonable cause to believe that in any material respect the requirements.. To keep accounting records., and To prepare accounts with the accounting records and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities,. (b) To which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. rjl Jose Goncalves MAAT Warren Day
THE LEARNING TREE PREcHOoL Statement of financial activities for the year ended 31 December 2023 Notes Unrestricted Funds- 2023 Unrestrlcted Funds - 2022 Incoming Resourcès Incoming resources from generated fvnds Voluntary Income Incoming resources from Charitab activities 419,444 314.223 20,449 27,501 Total incomlng resources 439,893 341,724 Resources expended Charitable activities Govemance Costs 364.912 2.327 388,510 2.327 Total resources expended 367.239 390.837 Net incomingl(outgoing) resources before transfers revaluations and investment asset disposals Net Movement In Funds Balance at 1¥t Jan Unrestrlcted redundancy reserve Balance at 31¥t Dec 72.654 199,849 (49,113) 248,982 217.511 144.877 The notes on pages 6 to 10 form part of these financial statements.
THE LEARNING TREE PRE-SCHOOL Balance sheet as at 31 December 2023 Notes 2023 Current Assets Cash al bank and in haThl 275,779 201.487 Less: Accrued •xpenses Amounts due within one year (3.276) (1,638) Provisions for liabilities Total avsets less current Ilabllltles {$4,992) 217,511 {54,992) 144.857 Represented By: Unrestncled redundancy reserve Unrestricted Funds $4,992 162,519 217,511 54.992 54.992 144.857 41)3o2 Approved by the Trustees on... . and signed on their behalf. QL/bWJ Trust•0
THE LEARNING TREE PRE-SCHOOL Notes to financial statements for the year ended 31 December 2023 1 Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention and are in accordance with the FRS102 Section 1A Small Entities: Accounting and Reporting by Charities issued in March 2005 and applicale accounting standards. b) Tangible Fixed Assets and Depreciation Tangible fixed assets are induded in the balance sheet at cost or at market value at the date of the gi Depreciation is calculated by reference to the cost of fixed assets using a straight-line basis considered appropriate to the expected lives of the fixed assets. The annual rates of depreciation in use are: Fumiture and Fitting Computer and office equipment 25% c) Funds Unrestricted: these are funds, which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted: these are funds that can only use for particular restricted purposes defined by the benefactor and within the objects of the charty. d) Incomlng rnsourees Incoming resources from charitable activities fvnds represents net invold sales of goods and services, excluding value added tax. Donations and other voluntary inrne are cogniSed when the Pre-school becomes legally entided to such monies. Grants are recognised in the year in which they are approved and notified.
THE LEARNING TREE PRE4CHOOL Notes to financial statements for the year ended 31 December 2023 Accounting policies (cont.) e) Resources expended Expenditure is recognised when a liabilty is incurred. Costs of generating funds are those costs incurred in attracting voluntsry income. and those incurred in trading activits'es that raise fvnds. Support costs include central functions and have been allo&qted to cost C2tegories on a basis consistent with the use of rosourGes. Q VAT The charity is not registered for VAT and accordingly expendtture indudes VAT where appropriate. 2 Voluntary Income 2023 2022 Early Years Funding Grants 414,188 5,256 310.232 3,991 Total 419,444 314,223 3 Charitable Activities Provlslon of pre-school nursery education 2023 2022 Attendance Fees IEarly Year Fessl Childcare Fee 20.449 27,501 Total 20.449 27,501 4 Total Resources Expended Staff Costs Su rt Costs Direct Costs Total 2023 2022 2023 2022 2023 2022 2023 2022 Cost for Generdting Funds Activities Charitable activrfies Pre-school activities 319 083 327 634 48 156 63 203 367 239 390 837 Total resources expended 319 083 327 634 48 156 63203 367 239 390 837
THE LEARNING TREE PRE-SCHOOL Notes to financial statements for the year ended 31 December 2023 5 Staff and Support costs 2023 2022 Staff Costs Wages and Salaries Social Security Pension Costs Total 302,801 9,377 310,784 9.871 319 083 Support Costs ststionery, Photocopying and postage Premises, running & security costs Insurance Telephone Other Totsl 2,463 10,894 2.325 3,126 9,454 2.394 3.198 The average number of full-time equivalent employees (including casual and part time staffj during the year was as 26 {2022 - 26) and there are no staff eaming above £60.000. No trustee received netther any remuneration nor any reimbursement of expenses during the year. 6 Tangible Fixed Assets Computsr Equipment Furniture and Equipment Office Equipment Total Cost At 1st Jan 2022 and At 31SI Dec 2022 Depreciation At 1$1 Jan 2022 and Al 31 St Dec 2022 Net Book Value At 1st Jan 2023 And At 31st Dec 2023
THE LEARNING TREE PRE-SCHOOL Notes to financial statements for the year ended 31 December 2023 7 Taxation The charity is exempt from corporation Lqx on tts charitable activities. 8 Unrestricted Funds The unrestricted reserve includes a £54,992 provision as the tnjstees have decided to establish an unrestricted reserve to cover redundancy costs in the event the tharity Y$ to be winding up in the future. Analysls of assets by fund Total Fixed Assets Cash in hand Debtors Creditors 275,779