Charlty reglstratlon number 1100785 Company registratlon number 04737220 (England and Wales) KITTENS PRESCHOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
KITTENS PRESCHOOL LEGAL AND ADMINISTRATIVE INFORMATION Trustees James Kirkby Shirfey Speakman Sharon Watts Julie Bolton Treasurer James Kirkby Chalr Shirley Speakman Charity number 1100785 Company number 04737220 Prfnclpal address Veronica Street Blackburn Road Darwen Lancashire BB3 OAA Reglstered offlce Veronica Street Blackburn Road Darwen Lancashire BB3 OA4 Independent examlner David Wood V4fjlson BA FCA Hindle Jepson & Jennings Ltd 10 Borough Road Damen Lancashire BB3 1PL Bankers Lloyds Bank plc Church Street Blackburn Lancashire BB2 1JQ
KirrENS PRESCHOOL CONTENTS Page Trustees, report Independent examiner's report Statement of financial adivities Balance sheet Notes to the financial statements 6-15
KITTENS PRESCHOOL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JULY 2024 The trustees present their annual report and financial statements for the year ended 31 July 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts, the Companies Act 2006 and "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 Republic of Ireland IFRS 102) (effective 1 January 2015)° Objectlves and activities The charity's objecls are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by.. 1) offering appropriate play facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children regardless of ra, culture, religion or means 2) encouraging the study of the needs of Such children and their families and promoting public interest in and recognition of such needs in the local areas 3) instigating and adhering to and furthering the aim of the preschool learning alliance. Public benefit The trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the charrty should undertake. Achiev•ments and performance Significant activities and achievements against objectives The charity's income has decreased during the year and the costs have increased whlch has resulted In the funds of the charity decreasing by £16,385. As at the balance sheet date the Charity had total funds of £63,877 (2023 £80,262). Due to a number of factors, the difficult decision has been made to close Kittens Preschool from 18 July 2025. Financial review Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to Gontinue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of resetves has been maintained throughout the year. Major risks The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is a company limited by guarantee, incorporated as Kittens Preschool. The company is registered as charity governed by its memorandum and articles of association. The trustees, who are a150 the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: James Kirkby Shirley Speakman Sharon Watts Julie Bolton
KITTENS PRESCHOOL TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Recniitmgnt and appointment of ttustees None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees. report was approved by the Board of Trustees. James Kirkby Trustee 6 Mah 2025
KITTENS PRESCHOOL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KITTENS PRESCHOOL I report to the trustees on my examination of the financial statements of Kittens Preschool (the tharity) for the year ended 31 July 2024. Responsibllities and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are resF)onsible for the preparation of the financial statements in accordance with the requirement5 of the Companies Act 20Cb (the 2006 Having satisfied myself that the financial statements of the charity 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 the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act- or the fin8n¢ial statements do not accord with those records.. or the financial statements do not comply with the accounting requirernents of section 396 of the 2006 Act other than any requirement thal the accounts give a true and fair view which is not a matter considerecl as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK an Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connedion with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial statements to be reached. Davld Wood Wllson BA FCA Hindle Jepson & Jennings Ltd 10 Borough Road Darwen Lancashire BB31PL Dated.. 6 March 2025
KirrENS PRESCHOOL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY2024 Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Charitable activitie5 other trading activities 121,994 1,264 121,994 1,264 123,390 1,157 123,390 1.157 Total Income 123,258 123,258 124,547 124,547 Expenditure on: Charitable activities 133,147 6,496 139,643 132,318 6,496 138,814 Total expenditure 133,147 6,496 139.643 132,318 6,496 138,814 Net expenditure and vnovement in funds (9,889) (6,496) (16,3851 (7,7711 (6,496) (14,267) Reconcillation of funds.. Fund balances at 1 August 2023 47,889 32.373 80,262 55,660 38,869 94,529 Fund balances at 31 July 2024 38,000 25,877 63,877 47,889 32,373 80,262 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies.
KITTENS PRESCHOOL BALANCE SHEET AS AT 31 JULY2024 2024 2023 Notes Fixed assets Tangible assets 11 36,479 45,025 Current assets Debtors Cash at bank and in hand 12 2,189 27,550 1,827 35,104 29,739 36,931 Creditors: amounts falling due withln one year 13 (2,341) (1,694) Net current assets 27,398 35,237 Total assets less current liabilities 63,877 80,262 The funds of the charity Restricted income funds Unrestricted funds 15 16 25,877 38,000 32.373 47,889 63,877 80,262 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtsin an audit of its financial statements for the year in question in accordance with section 478. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 6 March 2025 Shirley Speakman Trustee Company registration number 04737220 (England and Vvales)
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y 2024 Accounting policies Charlty Informatlon Kittens Preschool is a private company limited by guarantee incorporated in England and Wales. The registered office is Veronica Street, Blackburn Road, Daen, Lancashire, BB3 OA4. 1.1 Accountlng conventlon The accounts have been prepared in accordance with the charity's governing document, the Companies Act 20C6 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and rtain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financi81 statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted fvnds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial ststements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferr81 of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as contingent asset. Income from trading activities is recognised on receipt. Income from fund raising adivities is recognised on receipt.
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accounting policies {Contlnued) 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economiG benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated diredly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Resources expended are allocated to the particular activity where the cost relates directly to that activity (in accordance with the SORP). Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis conslstent with use of the resource. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and ststutory requirements. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold land and buildings Fixtures and play equipment Computers and offi. equipment Straight line over 25 years Straight Line over 4 years Straight line over 3 years The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indration exists. the recoverable amount of the asset is estimated in order to determlne the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Accountlng pollcies {Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial in5trument5. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounls presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried at arnortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transath'on is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is rneasured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using th8 effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefils are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit sGhemes are charged as an expense as they fall due.
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Critical accounting estimates and Judgements In the application of the charty's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and li8bilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period. or in the period of the revision and future periods where the revision affects both current and future periods. Charitable activitles Charltable activities 2024 Charltable activities 2023 Preschool fees other sundry income 120,840 1,154 122,816 574 121,994 123,390 Income from other tradlng actlvltles Unrestricted Unrestrlcted funds funds 2024 2023 Fundraising events 1,264 1,157
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 6 Charltable actlvltles Cost of Cost of Generating Generating Funds Funds 2024 2023 Staff costs Depreciation and impairment Other costs Food and consumables Toys, art and activity materials Cleaning and waste disposal Repairs and maintenance 104,933 8,546 716 1,095 2,366 1,675 2,113 107.439 8,779 169 449 2,921 1.601 2,647 F If Printing, postage and stationery Telephone and internet charges Leasing of office equipment General expenses Rent payable Rates and water Computer expenses Light and heat 1.081 1,093 689 841 2,000 2,696 1,910 3,802 578 1,079 689 1,114 2,000 1,842 1,204 2.594 135,556 135,105 Share of governance costs (see note 6> 4,087 3,709 139,643 138,814 Analysls by fund Unrestricted funds- general Restricted funds 133,147 6,496 132,318 6,496 139,643 138,814 For the year ended 31 July 2023 Unrestricted funds - general Restricted funds 132,318 6,496 138,814 Support costs allocated to activities Charitable activities 2024 Total 2023 Basls of allocation Governance 4,087 3,709 10-
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Support costs allocated to actlvltles {Contlnued) 2024 2023 Governance costs comprise: Accountancy Insurance Bank charges Subscriptions Courses and Staff training 1,483 2,267 92 159 86 1,393 2,040 103 173 4,087 3,709 Net movement In funds 2024 2023 The net movement in funds is stat8d after chargingl{crediting)'. Depreciation of owned tangible fixed assets 8,546 8,779 Trustees None of the Irustees (or any persons connected with them) received any remuneration or benefits from the charity during the year, Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Other pension costs 100,689 4,244 103.072 4,367 104,933 107,439 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11
KirrENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 11 Tanglble fixed assets Lèasehold Flxtures and land and play buildings equipment Computèrs and offlce equipment Totsl Cost Al 1 August 2023 199,951 60,904 11,788 272,643 At 31 July 2024 199,951 60,904 11,788 272,643 Depreciation and Impairment At 1 August 2023 Depreciation charged in the year 155,504 7,997 60,330 549 11,784 227,618 8,546 At 31 July 2024 163,501 60,879 11.784 236,164 Carrylng amount At 31 July 2024 36,450 25 36,479 At 31 July 2023 44,447 574 45,025 12 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 2,189 1,827 13 Creditors: amounts falling due within one year 2024 2023 Olher taxation and social security Trade creditors Accruals and deferred income 730 244 46 1,404 1,611 2,341 1,694 14 Retirement benefit schemes 2024 2023 Defined contribution Schemes Charge to profit or loss in respect of defined contribution schemes 4,244 4,367 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 12
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 15 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At q August 2023 Resources expended At31 July 2024 Restricted fund 32,373 (6,496) 25,877 Previous year: At 1 August 2022 Resources expended At 31 July 2023 Restricted fund 38,869 (6,496} 32,373 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 August 2023 Incomlng resources Resources expended At 31 July 2024 General funds 47,889 123,258 {133,147) 38,000 Previous year: At 1 August 2022 Incoming resources Resources expended At 31 July 2023 General funds 55.660 124,547 1132,318) 47,889 17 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 July 2024: Tangible assets Current assetsl(liabililiesl 10,602 27.398 25,877 36,479 27,398 38,000 25,877 63,877 13-
KIThENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 17 Analysis of net assets between funds (Contlnued) Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 At 31 July 2023: Tangible assets Current assetsl(liabilities) 12,652 35,237 32,373 45,025 35,237 47.889 32.373 80,262 14-
KITTENS PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 JUL Y 2024 18 Operatlng lease commltments At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year BetW8en two and five years 2,000 5,500 2,000 7,500 7,500 9.500 19 Rolated party transactions There were no disclosable related party transactions during the year (2023 - none). 15-