REGISTERED COMPANI. NUhlBF.R: 04705742 (F.ngl&nd and lTrales} REGISTERED CHARITY NUMBER: J099791 REPORT OF THE TRLSTEES KND FINANCI41. STATF.IIF.TiTS FOR THE Tr'E.4R ENDED 31 .4L"GI".ST 2D23 FOR II'OODFORD PRE_SCHOOL PL.4%'CROUP II'OODFORD PRE-SCHOOI. PI.AI'GROI".P CONTENTS OF THE FI).4.NCI.4L ST4TE.IIEf*TS f•r thr i'c*r cnd¢d 31 Au u$t 20?) V#ge Report of the Tru51ee5 Independent Exgminer's Report Statement of Financlal Actliities Balante Sheet Notes to the Fln*ncig1 Statements 8 to 14 I*OODFORD PRF.-SCHOOI. PI.AI"GROLP IRF.GISTF.RF.D NUMIIF.R: 1147057421 REPORT OFTHE TRLSTEES for tht %'e*r ended 31 Au ust 20?3 The irnstees who are algo direcioTS of the chanty for the purposes ot'ihe Cornpanies A¢t 21K>fi. present their teport witli the financial statements of the charitv for the Year ended 3 1 Augu￿ ?O?_l. The th￿te£S hai"e adopted tk proi'isions of Acioiinting and Reporting by Chuntit%.' StdtL'ment uf RLcoMnict￿cd P￿LtIC￿ llpplicuble to Chariti￿ preputing ilitir ￿LL￿)uIlts 111 dCLurduncL' with the FinunLiuI Reportinn Standard applicable in the UK and Republic of Ir¢land {FRS I O?) (effective l January 2019). OBJECTIVES AND .ACT[￿lTlEs Objeetlves and aims ThL prinLipal objcL*ivc of thc charity is 10 ¥nhtsncc Ibc d¢vclopm¥nt and cduLation olLhildrcn primarily undcr statutory schotsl agc by encouraging parents io understand and proTride for the needs ot-their children Ihn)ugh communiry groups and by,. Offerin¥ appropriate play, eduiation and care facilities and trdining courses. i(kgerher with the right of Ihe parent to lak re%pfpDSibility fTrr (Ind become Involi'ed in the artiN'iti&s of Nuch group5. evsurin(F thal thei Dfftr opportuvilies tor all children whJte&Er their r8¢e, cultrjre. religion. M￿an$ or abiliw. Encouiaging the sh]dy of the needs of Sllch children and their families and pn)molin¢y needs. public interest in and recognition of such - Insligating and adhenng to and furthenng the 31rns and objective5 ofihe ptY-5cIK>oI learntng alliance. Public benefit The Injsttes have referred to the guidance contained in the Commission's general gllidaDce on public bentfil when reviewing the aim and objectiv&s and in planninu the Charity's trututt acrivitie5. The of the chatity tor th¢ public benefit are drtailed in the 'Objeciit.es and Aciiviii¢s' seciioll of this repon. Grants Children over the age of three are fLmded by govenmieni ￿rI[s. Fees are charged for chi]dren un¢kr three and are reviewed bv the directors on a regular bas'is. Fees are kept lo a minimum whilsi ensuriAg Ihat quality eliildcare is provided. AcHIE￿EMENT AND PERFORMANCE Charit#ble #etivi￿e$ The charil). provides pre-school edllealion for two and a half to five year olds. Tr playgroup leaderalong H'iih assistants work in the ettin¥ #nd the tnanagement ]% done by x voluntrdry cornjnittee of parents. Wt optratt a daily parent n)trd io htlp I￿￿01ve parents with their child's ¢arly educaiion. also enabling proi'ision of help with ihe session in order to keep costs to a minimum. We a150 hold a successh]I weekly baby and toddler group wliich is Vie￿,ed as a'social lifeline, for manv parents/careis. In planning our activiii¢s for the year, we kepi in mind ihe Chariiy Cornmission's guidance on public benefit ai our ¢ommiuee meeting5. We serve the local community and have a ￿llY incI￿siVe p)licy with children aiiending from a range of social. econonic and ethnic baLkgroiinds. This hLIps tu %ifLllgthLn cumjnllniry tlL*. Our work cnabli% f￿. iiiliL* 10 learn to¥Ll￿1. and prLparL% Lbildrct) to %tart school life. ChildTen benefit socially. personally and ar￿de￿i￿lI). from aiiendinD the p￿-SChOOl. It benefits parents and car¢rs by otTerinn an affordable alternative to private childcare aiid nurseri￿ aiid Creates link8 and Sroodwill in rhe tDmmLiniTy. Fundraising acti￿711¢$ We have held a varieiy of fundraising evenls throughout the year. Page I I*OODFORD PRF.-SCHOOI. PI.AI"GROLP IRF.GISTF.RF.D NUMIIF.R: 1147057421 REPORT OFTHE TRLSTEES for tht %'e*r ended 31 Au ust 20?3 FINANCIAL REVIEW Re5erTres polir) The Irustets have established Ihe lei'el of free reserves {thai is those funds thai are freel) available) that the charity ought to have. RL%ep/t% llrt nteded tu brid¥L thc fundin¥ gap bctweeTh %ptndin¥ on ULtivities ItLtiving through voluntary donutioThs. The ITUSttes consider that th¢ ideal level of reseTr'es a5 at.? l AU￿]st ?0?3 w.ould be Six mopths of resource5 expended which equates to £35,UOO12022.. £40,(AM)). The actual reserves as ai 31 August 2023 atler excluding fixed assets atbj testTided fund 4.ere £54,96612022= £62.9151. The trusiees review ihe level ot reserves regularly in order io ensure that there are suffici￿[ reserves io provide to tinan¢ial stability and fltrxibility. Incoming resources have d¢¢reased by £25.142 fn)m £88.089 in 20*? to £62.94? and resouTC¢S expended hav¢ de¢r¢as¢d by £9,185 from £IIU.081 in 2022 10 L70,¥96. This has rcsultcd in nci dcfiLlI 01£7.949 for thc ycar. STRUCTIIRE. GOVERNANCE AND MANAGE￿]ENT Governing document The charil}' 15 operated under the rules of its Melt￿rand￿m and Articles of A&4ociation daled 21)th March 2003. Tt is a COTnpany limited by guarantee and therefore has no share Lapittl Recruittt]ent and appoilltment of new trustees New Ttu.4tte% ale appointed due lo their irnerest in Ihe wotk- of charity and their recogni¥ed experi¢nce in 5￿C1f1r tIeld￿ which ￿117 funh¢r support Ihe work of Il-oodford Pre-school Havgioup.TDJSittS reiire when ih¢s' K'Lsh as th¢y do Tr01 5etve undei a fixed terjn of lenllre. Org*nlsatlonal strueturt Trllslee8 meet formally at le&st four tirne% per annum to mana¥e the atTairs of the charity and to receive updates on the ¢harily'% finaLKial affairs. Induetlon and trilnlng of new trustees New. trustees are given a full induciion by the Tn]stee. REFERENCE AND ADfvIINASTRATIW"E DET.41LS Reei%tered c.ompany number ITland and Il'alesl 04705742 (En. ReLyl￿tered Charltv ￿￿[Thber 1099791 Rp¥i5tered offKe Memorial Hall 209 Hi¥h Road London E189PA Tnistets Ms A R BiLVtt Chair persu Ms li Z Ranijan Secretary Ms A L Skelton Treasurer Page 2 I*OODFORD PRF.-SCHOOI. PI.AI"GROLP IRF.GISTF.RF.D NUMIIF.R: 1147057421 REPORT OFTHE TRLSTEES for tht %'e*r ended 31 Au ust 20?3 This ieport h&$ been piepared ith a¢¢ordan¢e with the special piovisions of Part 15 of the Companits Act 21M)6 relating to small cornpanies. Approved by order of the board of tTUStees on 16 August 2024 and Signed on its behalf by= Ms A R Bicoti- Trustee Page 3 IhDF.PF.NDF.h"T F.X.4II1IF.R'S RF.PORT TO THF. TRIISTF.F.S OF Independent tx&minerf5 ￿pOrt to thv trustees of Il'"oodfon1 Pre-seh(wl Plthigrollp I'the Comp&n)') report io rhe uharii>' Irusie¢s on m}. examination of the aicoimts of the Compani" for ih¢ year ¢nded.I l Augusi 2023. ReSPOT15ibilities bw515 Dr report As ihe ch&riTh's tmsiees of the Company (and also its directors for the purposes of cornpany law) you are responsible for the prtpurlltion uf tht ￿L'cuU11t￿ ￿ accord4LllCe with tht rtsiiiiremLllt4 uf tht con1p4￿1￿ Aci 2O(kn i*he 20D6 Ac¢l. Hjving satisfied my>elf that the a¢¢ounts of the Company are noi requiryd to be audiied under Part 16 of the 20U6 Act and are ¢libpible for independent examination. I report in respect of my examination of )'our charitv'% accouiits as Carried out und¢r Section 145 of the Chaiiiies .4LI 2011 I'ihe 2011 Act,). ln Ca￿.]ng out my examitialion I have followed ihe Dite¢tioTrs given by Ihe C'harity Commission undcr Sc¢tion 145151 Ibl of t1￿ 2011 Act. Independent exatniner 5 5taternent I haN'e conipl¢t¢d my exaTnin(iliTrD. I confJTm thal maltCY5 have come to wny attention in coDnertIt￿ wilh th¢ exdtnin4tiTrn giving me ¢aus¢ lo beliew¢'. accou￿ti[1g record5 were Dot kept in respect of ihe Company as required bv s￿tioN 386 Ol'the 2￿6 Act: or Ihe accounts do not accord with those re¢onk- or the account% do not comply w'illi the accouniin¥ requi￿llents of Section 396 of the 21K)6 Act other than an) requirement that Ihe account5 gipe a ITue aTrd fair view H'hich is nol a Tn311er con51dered as part oran independent exaininalioll- or the aCLounts hav¢ not b¢cn prepared in aciordanie with the tneththls and priniiples uf the Statement ot Reiotrllnended Practl¥e tor a¢countingy and reportin& b! cF.arities lapplicable to chariiits preparing their ac¢ouiits iii accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Irelalld IFRS 1021). I have no concerns and ILaYe come across no oiher rnalTets in toDAeciion with ihe eXamin￿10n TO which al￿nIlon should be drawn in this report in ordtr to tnable a proper undetstst￿ing ofiht accounis io bt reacht Mr Thurairalnatn Sudarshan lo Augu%t 2024 Page 4 II'OODFORD PRE-SCHOOI. PI.AI'GROI".P gTATEfvIE.%T OF FI.1.￿￿clAL.AcTI￿,.ITIEs for tht %'e*r ended 31 Au ust 20?3 2022 Totsl nds Unr¢stricied fund Notes INCOME AND ENDOM'MENTS FROL¥I Dongtioiis and legaLies 32,105 53,756 Ch*rltable aetlvltlei EduLational programmts, inccntiyes and initjlltives 29.080 3.1.727 Other trading acriiities Inve%tment incDM¢ Total 765 -197 596 EXPENDITLTRE O ChAritAble activitie5 Educaiional programmes, incen(ives and illiliaiiyes 70.896 80.081 IYET INCOMEI(EXPENDITURE) 17.949} 8.008 RECONCILIATION OF FUNDS I i)tal tunds brouk￿lit tonvard 6?.y15 34,Y(17 TOTAL FUNDS CARRIED FORWARD CQNTlTr*lllNC. OPERATlnliS All amounis relate 10 coThimuing aciivilies. The Staiemeni of Financial Activiiies includes all gains and losses recognised in the year. The notes lorni part of these fuk￿claI siatements Page 5 I*OODFORD PRF.-SCHOOI. PI.AI"GROLP IRF.GISTF.RF.D NUMIIF.R: 1147057421 B.￿L￿NCE SHEET 31.4 ust 21123 20?3 Unr¢stricied fund 202? Total nds Notes FIXED ASSETS Tangible assets 10 262 57 CIIRRENT ASSETS Dcbtors Cash ai bank and in hand -1,281 61.586 64.867 59.009 59.0(19 CREDITORS Atnount4 falling duL within one year 12 14.305} 12,009 NET CURRENT A.SSETS 54.704 62,858 TOTAL ASSETS LE.S8 CURRENT LIABILITIES 54,966 62,915 NET ASSETS Fuf4JDS Unrestri¢ied tunds TOTAL FUNDS ij 54.466 The ¢hariitsble companv ib eniitled to exemption from audit under Section 477 of the Companies Act 20(N5 for the year ended 31 Au&wst 21123. The members hai'e not required the Com￿nY 10 obtsin an audit of IL* financial sraiements for ihe year ended 31 Augusi 202.3 in accordance with Sectioji 476 of the CoTnpanits Aci L(X>6. ThL Inistcc% aekno*,Icdgc thLir rcspon%ibilitios for ensuring tl)al the charitable compan}. keep5 accounting reconls that cornply with SBCtion5 386 and 387 of the Cornpanies Act 2006 and prepdrit)¥ fit)dneial statements which ¥ii'e d rrue and Fair view of ihe ￿L￿e of affairs of the charitsble compally at the end ot ¢ach financial year and of its surplu> or defiiii for each financial year in accordance with ihe r¢quiremenis of Seetions 394 and 395 ￿]d which othLtwisc compl). ￿'1th thc riNuifimcnts of thc Con]paniLs Act 2W6 rclatiiig io financial biatcincnts SO tar as applicable to the chariiable cortipan}'. (LTrl The notes lorni part of these fuk￿claI siatements Page 6 continued... I*OODFORD PRF.-SCHOOI. PI.AI"GROLP IRF.GISTF.RF.D NUMIIF.R: 1147057421 BALAh'CE SHEET- eontlnved 31.4 ust 21123 These financial statements have been pre￿red in accordance with the provisions applicable to Charitable companies subject io the small companie5 re&Fimt. The financial statements were approved by the Board of Truslee5 arml authorised for i55ue on 16 August 2024 alld were siglled its behalf by.. A R Bicott- Tru4tee The notes lorni part of these fuk￿claI siatements Page 7 II'OODFORD PRE-SCHOOI. PI.AI'GROI".P 'OTES TO THE FLNANCI.4L ST.4TE.IIE.%TS for tht %'e*r ended 31 Au ust 20?3 ACCOUNTING POLICIES Basi5 of prep3Ting the financial statemeDts The finunLiuI %tatetllLnt% uf the chantable L￿MP￿￿Y. whiLh 1% d publiL ￿'￿tfIt cntity under FRS 10? have prepuied in accordance with the Charitie5 SORP IFRS 102) 'AccouDLiD¢F and Re￿rtin(l by ChaTitie5.' StaterDent of Recoinmended Pracii¢e applicable to chari¢]e> preparing their *¢counis in a¥cordan¢e w'ith the Finan¢i*l Reporting Standard applicable in the UK and Republic ot Ireland IFRS 1021 leffecrive l JaiiuaT), ?(119I', Financial Reportiiis Standard 102 'Th¢ Financial Reporiing Standard appliLdble in Ihe UK and Republic of Ittland. and the Companies Aci 2006. The financial staiements havL IKcn prlP￿Ld under thc histOriLal cosi conYcntioN. Golng concern The ttu%tet%, havin¥ appTDPn3t¢ enquirie%. fQTtsider Ihat adequate le%oUrr￿ eiists for th¢ rharity tn rontiDiie in operaiional existence for the forcsceable fvmre and rhai, Iherefore. it 1% appropriate io adopi going ¢oncen) basis iii preparing Ihc fJnanLial siaiLmcJils ai at and lor thc pcriod cndcd 31 Allgusi 2023. Thc trustccs have madc this asscssmcnt iji rcspcct to a peTiod of olle year trom the dale ot approi'al of these accounts. The Irll%tee% have concluded thar there are rKb materidl uncertaintie% relaIed to event% or coThdiiion8 that may %ignificant doubt on the abililv of the chanly to continue as a going concern. The ITUStees are of ihe opjnion ihal the charity will have sufficient resources to meet the liabilities as they fa]1 due. Debtor5 Debtors are i¢cogTri.*d at th¢ir.4ettlemtnt arnounL lesN an% provision for non-ltcoverability. Prepdyment.% are v(Ilued dt the afflouni ptepaid. Thes have been dis¢ounied io be preseni ialut olihe fuiuie cash ieceipi where such dLS¢ouniillg is maitrial. Incorne All In¢Lime is re¢ognised in ihe Ststement of Financial Aciivilies once the ¢hariiy has entiilemeni io (he funds. li is probable that ihe income will be weived and the amouni can be me&sured reliabl￿. Expenditure Liabililies are re¢osTniqed as expeThJi¢ure as soon as there is a leiial or constrnclive obliLTation ￿mMitt1n&T the charity to that expendiillre. it li probable that a transfer of tconomic benefits ￿.111 k requirtd in settlement and the amount of the obligation L'an be measured ieliabl!.. Expenditure 14 akCOUllted tor accru31% ba41.% and ha& been clL%sifJed under headiTr¥% tIIsLt aggregate all c051 IElaled to the category. Where c051s cannoi be directl}. aitributed to particular headings they hai'e bee allocated to activities on a basis ¢onsistent with the use of resow¢es. Charitable actfvltle5 ChdiilJblc ULiiYilics Lompri* th￿SL CO￿1.4 by ihc Lharily in thL dLlivcrv ot its JLiivitiLs ¥LrviLc% fur it beneficiaries. li Include5 both costs ihat can be allovaied dir￿[15, io such aciiviiies and those cosis of an indireci narure necessary to support Ihern. Governance costs GovLfndnLL LO%t% Loinpri%L ihu%c LIISIS dSSLLidicd with fticcting thi Lon%tilutioiial and %trdicgic rLquireJncnt% of thL ch&rity and the audit ft¢s and costs linked lo the strategic maDageTnent Of the charity Allo¢ation and spportifflment of ¢o$ts Ovvrhe%d Ancl siipp(irt c'.thsig rvlaiing ith thaTJiable artiKilies have been apportioned based on siaff lime. Page 8 continued... II'OODFORD PRE-SCHOOI. PI.AI'GROI".P r4oTES TO THE Flh.4.%CIAL ST.4TE.ME.%TS- co￿lSn￿ed for tht %'e*r ended 31 Au ust 20?3 ACCOUNTING POLICIES- comtinued Tangible fixed assets DepreL'iation is provided at the folli)win¥ rdtes iD OTdcr to wntc off ellch &sset over its cstimattd useful life. Plant and machinery Compuier equipmeni j!ts/o on fLrylucing balance 50/0 on reducing balance Taxation The iompany is cot]sidered to pass the tests Set oul in Sch. 6. para. l of the Finaiiie Aci ?010 and therefore it inetts the definilion of a chaiildble Eotnpany tor UK COTPOlatioD tJ.x pur)o%es. AccTrrLlinul). the cornpany 1% potentiall! exeTnPt from taxation in respeci of in¢ome or capital gains receiied wiihin caiegories covered bs, Pt. I I, Cl). 3 of the Corporation Tax Act 2010 or s. 256 ut ihL T￿xation ot Chargcable Gains Ael 1992. to thc exlcnl that such incolnc or gains arc applicd CXLlusivcly lo charitable pllrp05es. Fund a¢£ounti•g Ullreslncted funds can be used in xcordance with thech3riiable objectives at the discretion of the trustee5. Restritted ￿ndS can onlj be used for panicular resiricied purtK)ses within ih¢ objecis ot th¢ chariry. Resiri¢iiims arise when specified bv the donor orwhell futmls are raised for particular restricted purposes. Further expLanaiion of ihe nalU￿ and purpose of each (￿nd is included in the tK)ies 10 ihe financial STalemen￿. Cash at bank and in hand Cash ai bank and in han(f represents such accounts alld insinmjenrs ihai are ai'ailable on demand or liave a Inawriiy of less than three mojiihs from the date of aLqui%iiion. Deposits for more ilian ihree montlis but le&8 than one year have been disclosed as short tem) deposits. Donal￿ goods faeliltles and serwlces 1￿ClUdIng volunieers Donated goods. facilities and ser¥ices. including i"olunleers are included ai the value to the charity where this can be quantified. The contribution of the general i'oluntetrs has noi been inCl￿ed in iht accounts as they were not significant and li was impractical for their eoniribution to be measured reliably kor accounting pur￿Se$. Credftor5 and pro*islon5 Crediiors and provision8 are recognised when there 1$ an obligaiion at the balance sheei dai¢ as a resuli of a past event, li is probable that a Iransfer ot economic benefii will be required in seiilen]ent. and the amouni of the 5eitlement Lan esrimated reliably. Ci¢ditors and provision aTe rerogn15ed al tht tnotnent ihe rhantTr anticipates it will pav to 5etile the debt. They have been discounted to the present Val￿ of the fi]n￿e cash pa}'menii ￿'here such discounting is material. GoVern￿ent graDts GoTremmeiit grants, incI￿1ng non-monew grnnts shall no¢ be re¢ognise