Little Learners Financial Statements for the 12-month period ended 31st August 2024 Pagel I
Contents Little Learners Information.................................................................................. Treasurer's Report... Chartered Accountants Report. Statement of Financial Activities for the year ending 3 1st August 2024,.. Statement of Financial Position for the year ended 3 1st August 2024 . Notes to the Accounts. Page12
Little Learners Information Trustees: The trustees who served during the year, and to the date of this report were: Chairperson: Secretary: Treasurer., Trustee Trustee Trustee Sue Gaskin Heather Magill Andrea Shaw Danlelle Plerce-Roberts Jane Tidswell Lindsey Ormson lappolnted I" December 2023) Premlses: Old Hall Community Centre Old Hall Road Old Hall Warrington Cheshire WA5 9QA Bankers: CAF Bank Limlted 25 Kings Hill Avenue King5 Hill West Malin8 Kent ME19 4JQ Accountant: PW Hurst FCMA CGMA Chartered Management Accountant 2 Foxes Hey Cuddlngton Northwlch Cheshire CW8 2UU R¢glstered Charity No: 1095229 Page13
Treasurer's Report The Treasurer presents the report and financial statements of Little Learners for the period ended 31" August 2024. The accounts have been prepared in accordance with the Constitution, as regigcered with the Charity Commissioners, applicable law, and the Statement of Recomrnended Practice, "Accounting and Re- porting by Charitles issued in March 2005, and the revised FRS102 reporting guidelines for charities which produce accounts on an accruals basis. Management The governing document of Llttle Learners is its constitution dated 2610512016. The management is through a commlttee of volunteers. The day-to-day running of the charity is via a team of paid staff. None of the management committee receives any remuneration or benefits in kind. Review of the financial position. During the period, the charity's income amounted to £522,460 and in earnin8 this, it spent £458,536, and made a surplus of £63924, f ulf illing its financial objectives. Reserves at the end of the year were represented by bank deposits and comply with the PLA guidelines. The committee is satlsfled that there are enough reserve funds to maintain the same high level of service for the foreseeable f uture. Reserves pollcy The policy is to have three months operating expenses in cash. This was comfortably achieved at the end of the year. The Management commlttee's responsibilities. These are governed by the Little Learner5, constitution and the requirements of the Charity Commlssioners. Little Learners is required to prepare financial statements which give a true and fair view of the state of its activities, and of the income and expenditure for that period, In preparing these statements, it is required to Select sultable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether any applicable accounting standards have been followed, subject to any material departures dlsclosed and explained in the flnancial statements. Prepare the financial statements on an on-going basis, unless it is inappropriate to assume that Little Learners will continue its operatlons. Little Learners Is responslble for keeping proper accounting records which disc105e with reasonable accuracy at any time its financial position. They are responsible for safeguarding its a55ets and for taking reasonable steps for the prevention and detection of fraud or other irregularities. Andrea Shaw Treasurer Page14
Chartered Accountsnts Report th In accordance with the letter of engagement dated 11 January 2011, and to assist you to fulfil your duties to comply with the requirements of the Charity Commissioners; I have independentlv examined the accounts of Little Learners for the year ended 31" August 2024. These comprise the Statement of Financial Activities, the Statement of Financial positlon and the related notes from the accounting records and the information and explanations you have given to me, These accounts are Set out below in thls report. This report is made to the Trustees of the registered charityi as a body, In accordance with your Instrurtion5. The work has been undertaken 50 that I can examine the accounts, and reportto the Trustees that I have done $0, and state those matters that we have agreed to state to them In this report and for no other purpose. To the fullest extent permStted by law, I do not accept or assume responslbillty to anyone other than the Trustees, as a body, for the work or for this report. Respectlve responslbllltles of Trustees and Examlner You have acknowled8ed your duty to ensure that the Charlty has kept proper accountin8 records and to prepare accounts that give a true and fair view. The charity's trustees are responslble for the preparation of the account5. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act} and that an independent examination is needed. It Is my responsibillty to., examlne the accounts under sectlon 145 of the Charities Act. to follow the procedures laid down In the general Directions given by the Charity CommSssion under sertion 14515) Ibl of the Charities Act; and to State whether matters have come to my attention. Basls of Independent Examlner's report My examination was conducted in accordance with the General Dlrertlons 8lven by the Charlty Commlssion. An examination include5 a revlew of the accountlng records kept by the charity and comparlson of the accounts presented wlth those records. It also Includes conslderatlon of anv unusual items or di5c105ure5 in the accounts and seeking explanations from you as trustees concernln8 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 limlted to those matters set out in the statement below, PagelS
Independent Examiner's statement In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in, any materlal respert, the requlrements.. to keep accounting records in accordance with section 130 of the Charities Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirement5 of the Charities Act have not been met,. or (2) to whlch, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. signature: Date: th 20th December 2024 P W Hurst FCMA CGMA Chartered Management Accountant 2 Foxes Hey Cuddington Northwich Cheshire CW82UU Page16
Statement of Financial Activities for the year ended 31st August 2024 Unrestricted Funds Restricted Endowment Income Funds Funds 2024 2024 Total Funds 2024 Prior Year Funds 2023 Ne8 2024 Incoming resources Donations and legacies Giants Charitable ktwrfa'es veslnEnis Bank interest Sundry Incon% lunrfoim sales) total 239,794 279,410 239,794 279,410 166107 266713 3,256 3,256 2353 522,460 522,4fyJ 435,173 Resources Expended Raising Funds Charitable t'e6 Indirect exFenses eank charge8 Governance and regulatory Depreo'alion 373,782 71,983 10 373,782 71,983 10 2,560 10,202 458,536 339000 65426 1978 10723 417,132 10,202 458,536 lotsl Net Inconk before invesbTrnl gains 83,924 63,924 18,041 Investrnts Nei InconWIExpendthiiel 63,924 63,924 18,041 Other 9ains and losses Net Moviment in Funds 63,924 63,924 18.041 R•¢onciliation ol Funds Tokl funds brought ford Prior year adjuslnRnt Moven%nl in funds Total fvnds carried lorward 413,559 4,053 63,924 481.536 413,559 4,053 63,924 481,536 395,518 13 18,041 413,559 Page17
Statement of Financial Position as at 31st August 2024 Notès 2024 Unrestiided Funds 2024 2024 R85tri¢ted Endowm•nl In¢om• Fund$ Funds 2024 Total Fund$ Prtor Yiar Funds Fixed A$ts Tangibk knls +addthns . less depreoabon Total fixed assets 62,084 32,398 10,2D2 84,2 72,645 32,398 10,202 84,280 10,723 62,084 vesln*nls Cuffont Assèts Slrxk Debto Cash ai bank and in hand Prepaytrents Total Currenl assels 10 409,365 2,S24 411,889 409,365 2,524 411,889 &$5,502 2,175 7,677 Cr¢ditors l< 1yoail als 14,232 400 14,232 15,802 Ciiditoi$1>1 yiarl TolaS Nei Current asseis 397,2 397,2S8 351,475 Total ass 481,536 481,536 413,559 Fund5 ollhe ¢harrty 481,5 481,536 413,559 natui? Name Date ot A ioval AfKkea sUcJJJ 23111 Sgnalure ol one oftho Twslees l(fJ thffiw 20122 on beham ol al IDJslees Page18
NOTES TO THE ACCOUNTS for the year ended 31st August 2024 l. Accounting Policies Company status The charlty is a standard charity. In the event of the charity being wound up the trustees would decide on the distribution of its assets to the users of the pre-school and other charities, as determined by the trust deed, and constitution. Basis of preparing the financial ststements The accounts have been prepared in accordance with the Charities SORP IFRS 1021 Statement of Recommended Practice: Accounting and Reporting by Charities preparlng their accounts in accordance with the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) issued on l January 2019 and the Charities Act 2011. These accounts have been prepared under the historlcal cost convention with items recognised at cost or transaction value unless otherwise Stated in the relevant notelsl to these accounts. The charity constitutes a public benefit as defined by FRS 102. Going concern. There are no material uncertainties about the charity's abS1ity to continue and so the going concern basi5 of accounting ha5 been adopted. Incoming Resources Income is recognised in the Statement of Financlal Activities ISOFAI when the charlty is entitled to the funds, the receipt is probable, and the amount can be measured reliably. Grants and donations are included in the SOFA when the general income recognition criteria are met15,10 to 5.12 FRS 102 SORP). Resources Expended Expenditure and creditors are recognised when a present legal and constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required to settle the obligation, and the amount can be measured reliably. Expenditure is measured on an accruals basis. Resources expended are allocated to the particular activity where the cost relates to that activity. Page19
Fund accounting Unrestrirted funds are shown separately in the SOFA. They are available for use at the trustee's discretion in furtherance of the general objects of the charity. Restricted funds are those subject to 5peclfic conditions imposed by the donor5 or have been raised for a particular purpose. The charlty has no restricted funds. Assets and depreclation Tanglble flxed assets used for charltable purposes are stated at cost less depreclation and all repalr5 are written off as Incurred. Debtors lincludlng trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideratlon experted to be received. Investments Investments are stated at market value as at the balance sheet date, The SOFA Includes the net gains and losses arlslng in the revaluatlon and dlsp05a15 of investments during the year. Investment income is accounted for on an accruals basis. Unrealised gains and losses are calculated by comparin8 prevlous balance sheet valuatlon to the year-end valuation. The charlty has no investments. 1.9 Taxation As Little learners is a charity, no provision15 Considered necessary for taxation, 1.10 Penslon Costs The charity operates a Deflned Contribution pension scheme, Contrlbutions to the scheme are charged to the Sncome and expenditure account as they fall due. Page | 10
Analysis of Income by activity Analysis of Income for year end 31st August 2024 Donatlons and Legacies Unrestricted Funds Total Prlor Year funds Bonds 635.00 635.00 600,00 Total DonatlonslBonds 635.00 635.00 819.30 Grants Granted Sessions ex Warrington Borough 239,794.38 239,794.38 166,107,48 Total Grants 239,794,38 239,794.38 166,107.48 Charltabl8 Actlvltl88 Pre.School fees HolKlay Club Receipts from Fundraising activity Other 258,582.50 20,070.27 122.00 0,00 278,774.77 258,582.50 20,070.27 122.00 0.00 278,774,77 242,921.49 21,692.75 219,30 1,279.00 266,112.54 Totsl Charitsble Actlvtties Total Bond, and charitable activities 279,409.77 279,409,77 243,740,79 Other Sundry Income Gits Interest receNed Savings kcounts 0.00 0.00 3,256.31 0,00 0.00 3,256.31 165.54 0,00 2,785.58 Total of Other Income 3,256.31 3,256.31 2,951.12 Total Income 522,460.46 822,460,46 435,990.44 Analysis of Expenditure See table below. Pagel 11
Analysls of Expendlture For the y•aT endlng 31st August 2024 2024 Unrestlcted Funds 2024 2023 Total Prlor Yeai Ralslng Funds staaing fund raising eveiits Atherti8ing Total Expendltur• on ral$ing lunds Charltabla Actlvltlo• Staff wage8 and benefit8 EmF4oyer Nl contribulon8 Travelling expen806 Stsff Cour8e8 EmFloyer Pension c0ntrfbuon5 Uk •ntertainmentl8pwali818taff who teachlontartain chlldrenl Hou8ehold Pr&8chool $nack8 Mllk Relu8e Collectlon Swrt8 8688ion8 Uniform Sundry oxponse8 Total •xp•ndltur• on ChJrlt•ble Actlvltl•s 332,589 332,569 302,773 16,755 18,755 15,749 205 205 1,225 1,225 8,868 8,868 1,702 8,580 2&8 1,5 5,1&8 949 713 1,860 1,860 8,355 8,355 943 943 701 701 354 354 1,583 1,583 218 218 373 782 373 782 339 orxi 810 Indlrèct •xp•ns•s Rent Munldpal rate8 Health and safety Payroll out8ourced •6rvice Pro88$ Insurance UlitY payments Ilnc waterl Cleanlng Sundry expen808 offl¢8 8tat5on8rylprfnlng and PtegI Con8umeble exFen8es Telephone and fax Premises malntsnanca expern Equipm8nt expensed Total Indlrect ¢harg•8 39,695 1,853 2,805 1,OY 3,083 7,743 3,221 882 557 3.308 1,284 3,100 3838 39,895 38,845 1,853 6,034 2,605 1,643 1,054 2,60g 3,063 1,098 7,743 2,971 3,221 2.285 882 2,271 557 3,308 3,205 1,378 70 3,100 3838 71983 65 421 Total expen8e8 exc 8ank and late paymont charge8 Bank ch8rg68 10 10 Gov•rnance and r•gulatory Legal lee8 Of8ted Accountancy fe88 data Protedon DBS 8ervice Webglte Fee8 Datsmove knountancy Ort4t Iweb based child attainm6nt tool) Total exFenses on Governance 8nd regulatory 270 400 270 400 315 350 40 836 150 540 324 836 150 540 324 65 Total Evnse8 448 334 448 334 4c6 404 Depredalon 10,202 10,202 10,7YJ Total eXFense8 {inc d8precia#onl 4585 458 536 417,127