Charity number: 1100275 Company number: 04874588 (England and Wales)
Deddington Partnership Foundation Stage Unit
Report of the Trustees and Unaudited Financial Statements
for the year ended 31 August 2024
Deddington Partnership Foundation Stage Unit Contents Page For the year ended 31 August 2024
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
Deddington Partnership Foundation Stage Unit Report of the Trustees
For the year ended 31 August 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for year ended 31 August 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective January 2015).
OBJECTIVES AND ACTIVITIES Objectives and aims
The Charity's objectives are to enhance the education and development of children primarily under statutory school age. The Charity provides opportunities for all children whatever their race, culture, religiion, means or ability and in doing so adheres to and furthers the aims and objectives of the pre-school alliance.
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Over the 2023/24 academic year we had 55 (2022/23 restated:52) children aged between 2 and 4. Children attended the setting between 1/2 day and 5 days a week.
The merger with Deddington Village Nursery was completed on 18 March 2024.
FINANCIAL REVIEW
The charity recorded a deficit of £806 in the year (2023 restated: surplus of £9,283). At 31 August 2024 it had reserves of £114,397.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by a memorandum of association dated 12 August 2003.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Deddington Partnership Foundation Stage Unit Charity registration number 1100275 Company registration number 04874588 Principal address Earls Lane Deddington Oxon.
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Deddington Partnership Foundation Stage Unit Report of the Trustees Continued For the year ended 31 August 2024
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Nicola Halton Shrene Saleh-Gillett Samantha Brown Katrina Murray-Hundley Suzanne Owen Rachel O'Connell
Independent examiner
Andrew Donaldson ACA 17 Lake Walk Adderbury Banbury Oxon. OX17 3PF
Approved by the board of Trustees and signed on its behalf by:
Shrene Saleh-Gillett Date 25 November 2024
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Deddington Partnership Foundation Stage Unit Independent Examiners Report to the Trustees For the year ended 31 August 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satsified myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material aspect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
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the accounts do not accord with those records: or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true ansd fair view' which is not a matter considered part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns 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.
Andrew Donaldson ACA Date 25 November 2024 17 Lake Walk Adderbury Banbury Oxon. OX17 3PF
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Deddington Partnership Foundation Stage Unit Statement of Financial Activities
For the year ended 31 August 2024
| Notes Income from: Donations 2 Charitable activities 3 Other trading activities 4 Total Expenditure on: Charitable activities 6 Total Net (deficit)/surplus for year Reconciliaton of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 50 274,281 5,472 279,803 (280,609) (280,609) (806) 81,203 80,397 |
Restricted funds £ - - - - - - - 34,000 34,000 |
2024 £ 50 274,281 5,472 279,803 (280,609) (280,609) (806) 115,203 114,397 |
2023 Restated £ - 256,240 6,510 262,750 (253,467) (253,467) 9,283 105,920 115,203 |
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Deddington Partnership Foundation Stage Unit Statement of Financial Position
For the year ended 31 August 2024
| Notes Fixed assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors due within one year 9 Net current assets Total assets less current liabilties Net assets Total funds 10 |
Unrestricted funds £ 1,742 4,034 79,544 83,578 (4,923) 78,655 80,397 80,397 80,397 |
Restricted funds £ - - 34,000 34,000 - 34,000 34,000 34,000 34,000 |
2024 £ 1,742 4,034 113,544 117,578 (4,923) 112,655 114,397 114,397 114,397 |
2023 Restated £ - 18,953 101,035 119,988 (4,785) 115,203 115,203 115,203 115,203 |
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For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its records for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisons applicable to small companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Shrene Saleh-Gillett
Date
25 November 2024
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Deddington Partnership Foundation Stage Unit Notes to the Financial Statements For the year ended 31 August 2024
1. Accounting policies
Basis of accounting
The financial statements have been prepared under the historic convention, and in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (effective 1 January 2015)' and the Companies Act 2006.
Deddington Partnership Foundation Stage Unit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
In March 2024 the charity merged with Deddington Village Nursery. These financial statements have been prepared using merger accounting. Cash of £75,902 was transferred from Deddington Village Nursery to Deddington Partnership Foundation Stage Unit in October 2023. Prior to this transfer of cash Deddington Village Nursery received income of £2,086 and incurred expenditure of £2,981. Since the transfer of cash all transactions have been recorded in the books of Deddington Partnership Foundation Stage Unit.
Statement of cash flows
The trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statementson the grounds that the charitable company is small.
Funds
The has two funds: Unrestricted fund - to meet the aims of the charity
Restricted fund - an appeal in 2011/12 raised £34,000 which will be used to replace the existing portakabin building.
Incoming resources
All incoming resources are included in the statement of financial activities if the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as expenses when there is a legal or constructive obligation committing the charity to the expenditure.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis : 3 - 5 years.
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Deddington Partnership Foundation Stage Unit
Notes to the Financial Statements Continued
For the year ended 31 August 2024
2. Income from donations
| Unrestricted funds Donations received 3. Income from charitable activities Unrestricted funds Nursery education funding Fees Holiday club 4. Income from other activities Unrestricted funds Government grants Fundraising 5. Costs of charitable activities by fund type Unrestricted funds Salaries, employer NIC and pensions Support costs |
2024 £ 50 2024 £ 196,545 72,606 5,130 274,281 2024 £ 780 4,692 5,472 2024 £ 242,706 37,903 280,609 |
2023 Restated £ - 2023 Restated £ 137,820 110,740 7,680 256,240 2023 Restated £ 1,611 4,899 6,510 2023 Restated £ 215,507 37,960 253,467 |
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Deddington Partnership Foundation Stage Unit
Notes to the Financial Statements Continued
For the year ended 31 August 2024
6. Analysis of support costs
| Unrestricted funds Utilities Sundry expenses Insurance Resources Cleaning consumables Repairs & maintenance Subscriptions Accountancy Rent Equipment expensed Adverts Training Winter grant Donations Depreciation |
2024 £ 5,482 719 1,392 11,798 1,013 3,611 4,295 600 5,560 - 200 1,517 1,605 42 69 37,903 |
2023 Restated £ 4,629 317 1,358 10,932 1,539 5,527 4,216 800 5,352 1,176 - 599 1,515 - - 37,960 |
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Support costs includes £600 due to the independent examiner for the examination of the 2024 accounts.
7. Tangible fixed assets
| Cost At 1 September 2023 Additions At 31 August 2024 Depreciation At 1 September 2023 Charge for year At 31 August 2024 Net book values At 31 August 2024 At 31 August 2023 |
Plant and equipment £ 6,882 1,811 8,693 6,882 69 6,951 1,742 - |
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Deddington Partnership Foundation Stage Unit Notes to the Financial Statements Continued
For the year ended 31 August 2024
8. Debtors
| Trade debtors Prepayments 9. Creditors due within one year Trade creditors Accruals 10. Movement in funds Unrestricted funds Restricted funds Prior year restated Unrestricted funds Restricted funds |
Balance at 01/09/2023 £ 81,203 34,000 115,203 Balance at 01/09/2022 £ 71,920 34,000 105,920 |
Incoming Resources £ 279,803 - 279,803 Incoming Resources £ 262,750 - 262,750 |
2024 £ 3,326 708 4,034 2024 £ 4,323 600 4,923 Outgoing Resources £ (280,609) - (280,609) Outgoing Resources £ (253,467) - (253,467) |
2023 Restated £ 17,977 976 18,953 2023 Restated £ 3,985 800 4,785 Balance at 31/08/2024 £ 80,397 34,000 114,397 Balance at 31/08/2023 £ 81,203 34,000 115,203 |
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Deddington Partnership Foundation Stage Unit Notes to the Financial Statements Continued
For the year ended 31 August 2024
11. Analysis of net assets between funds
| Unrestricted funds Restricted funds Prior year restated Unrestricted funds Restricted funds |
Tangible fixed asets £ 1,742 - 1,742 Tangible fixed asets £ - - - |
Net current assets £ 78,655 34,000 112,655 Net current assets £ 81,203 34,000 115,203 |
Net assets £ 80,397 34,000 114,397 Net assets £ 81,203 34,000 115,203 |
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