C0[np¢￿Y re8ists"iilion nLmber'. 4697602 Charity rcgFislralion nurnber". 1100799 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED (A company limited by guarantee) Annual Report and Financial Staternenls for the Year Ended 31 July 2024 Walden Way & Co Ltd Chartered Certified Accountants Unli A3, Gateway TowLr 32 Western Gateway London E16 IYL WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Contents Reference and Administrative Details Trustees, Report 2to3 Ststement of Trustees, Responsibilities Independeni Examinevs Report Stslement of Financial Activities Balance Sh¢¢l Notes to the Financial Stalements 810 15 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Reference and AdminRStrative Details Chairman Dr Richai-d Price Trusteeg Mrs Ruth Lilian Norvell Mr Alexander McFadzean Mr John Dawson Ms Jessica Bulaitis Ms Rebeeca Margarei Chere Ms Natalie Young All Saints, Woodford Wells Church Imnans Rvw Woodfoi"d Green Prlncipal Office IG8 ONFI Regljtered OITice All Saints, Woodford Well) Chuirh Inmdns Row Woudford tii'Len IG8 ONH Company Reglstration Number 4697()02 Charlty Registration Number I I UU799 Bankers HSBL Bank pls Woodfoi"d Green 6 '1'he Broadway Woodford Green, Essex IG8 OHW Independent Examlner Walden Way & Co Ltd Chartered Ceilified Accountants Unil A3, Galeway Tower 32 Western Gateway London E16 IYL Secretrdry Mi" John Dawson Page I WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Trustee5' Report The trustees, who are directors for the purposes ol" company law, presenl ihe annLial rep()11 iogLiher wilh the financial statements of the charilable company for the year ended 31 July 2024. 1"IIL I1￿￿lee5 have udopled Ihe provisions of the Stalement of ReLommended Practice (SORP) 'Accounling and Reporting by Charities, issued in March 2005. STRUCTURE, GOVERNANCE AND MANACEME The chaLity is a Company Lirniied bj, Guarantee. The charity is operaied under the companv's Memorandum of Association 8nd Articles of ASS￿latIon dated l Oth March 2003, (and Idler an)¢nded dl Ihe AGM 2017) EaLh Trustee is liable to contribute un amount not exceeding £1 lowards the asseis of th¢ Lharity in the ¥vent of a liquidation. Overall managemenl of the ch￿ltY is the i-lsponsibilily o( lh¢ Trustees, wli() al-e elLcled al La¢h Aiinual G¢n¢ral Meeting or co-opted undei. the tennq of the Articles of Association. The Tru%ie¢s arL r¢mindcd al IhL beginning of each lern] of serviLe following thl AQYM of Iheii- roles and responsibilitiei and Ih¢ii' liabililiLs as Tru¥Leei. The Trustees meet regularly and work in conjunction with Ihe l)re-School slaff lo ensui-e the smooth running of the Pre-school. On-going teaching and ii'aining for the 'fruslees' is feuturL.d in m¥eliiig) and when neLded. Th¢ Pre-school's day to day Jclivity is managed and carried out by paid sluff. RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES Potential trustees are usually reci'uited from the Gharily s userslbeneticiuries, Prior lo ihe Ats'm parents and carers are asked lo Lonsider volunteL'ring Iheii- lime gnd skills lo beLome a trusl¥L, and they cornplL'Le the application proLess al thi. AGM 0￿EcrIVEs AND ACTIVITIES We are a Pre-school providin8 Lare und eduknation for children aged 2 5 years. Our uim is 10 provide # happy atmosph¢re wherc Children Cdn bccome Conl'ideni and indep¢ndenl in a sul¢, bLCUI-L and slimulaling environml'nl. The Pre-school aim¥ to mainiain sliDnB links with (he Lliild's livine Lnvii-onm¥nl, working in partnership with parenlslcarers to Lnsur¢ that all children reach thlir full POl¢nliul. WL uLliv¢ly encourdge children and parentsl¢arers (o lake part in various fundraising aclivilies for both local and nulii)nul Charities. PUBLIC BENEFITS The Iruslees confinn that they have complied with the rL'quiremenl% ol. secli(>n 4 of ihc ChariliLs Act 201110 have due regard to tile public benefit guid￿7&¢ published by the Charily Commi%sion foi- l-,nglund und Wales. Ai Wells (All Saints,) Pre-school we want all Lhildren lo feel seLure and happy in the absL'nce of their parents/Carers. F.very child is allo¢&ted a Key-carer. 'fhe Key-carei- will be responsible for helpinbi ihern 10 sLiile into their new environmLnt and to offer support whenever r¢quirLd. They will dlso b¢ i-LsponsiblL t'or rnoniluring and recording your child's progress. FllYANCIAL REVIEW The accounts for the year show a surplus of £15,549 (2023 surplus i)r £3,7i3). The iiiiylu% i) mJd¥ UP ol" £299,064 (2023 £270,532) income OT)d £283,515 (2023 -£966,779) ¥xpendilui-¢, 1'¢suliing in £1 .suiyIuy Ot £15,549. Funds siand at £232.661 (2023 - £217,112) Restricted funds.. Restricted funds ai 31 July 2024 are nil (nil 2023) UnrestriLled funds.. UnrestriLted funds at 31 July 2024 amounted lo £232,661 (£217,112 - 2023). RESERVE POLICY Page 2 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Trustees, Report Funds at 31 July 2024 totalled £232,661. It is the trnstee's policy to maintain a balunce of available unrestricted funds in cash and bank accounts (where possible) which equates to approKimalely one leiin's expendilure lo coveT em¢rgency situations which May arise from time to lime. Reserves above this may be invested in FCSC covered GBP tem deposits. ACHIEVEMENfs AND PERFORMANCE The pre-schwl's chariiable objects Are to erthAnLe the developrneni and educalion of children prirnarily under statutory school &ge by encouragng parents to understand and provide for the needs Ot their uhildi'en. The preschool h8s had a buccessful ye￿. Our safeguarding policies t￿d pi-ocedurL¥ have cuniinued io proiecl all those associated with the preschool. Beginning in April 2024 the pre-school has accepted children under ihe new 2 yLar old funding arranLFLYnenls. Fundraising has continued during the year. FUTURE PLATr45 Over the nexi year the pr¢-school will Lonlinue to deliver high quality ¢hildLai'e for oui. member farnilies. RISK MANAGEMENr The trustees have a duty io identify and review th¢ risks io which the churily i¥ expused and (() ensure appropiiale conts-ols Are in pliace lo pi-ovide reasonuble absuraiic¢ 8b>ainbi fi-uud lind eii'ur. 'I'hL bourJ hJi il fonnul, wrillen policy on internal control pi'ocedures which will continue lo b¢ moiiilui-¥d llnd updul¢d to Lova- new risk Areds as und when IhLy arL idenlified. The use ol. the L()mpdny dLI)il L¢ll'd aiid on-IinL bJnkkng procedui-Ls are curefully moniiored and i-LcordLd w¥ekly or monihly. ThL sajely uiid l)eulili ol. our employe¢s and the commwiili¢s in whiLh w¢ operaiL has alivays been vur lop piioiily. Page 3 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Statement of Trustees, Responsibilities The trustees (who are also the directors of WELLS (ALL SAINTS) PRF-SCHOOL LIMI'I'ED tor the purposes of company law) are responsible for preparing the trustees, report and the financial slaiements in &c¢ordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prei)are fiiiancial slatem¢nls for each financial year. Under company law the trustees musl not approve the finuncial statements unless they are satisfied that they give a true and fair view of the btate of affaii-s of the charitable company and of ils incoming re¥uurces and application ot. resources, including its income and ¢xpenditure, for thai peri(yJ. In pi'eparing these I'in¢in¢ial staiemenis, the Inlsl¢¢s are required io.. select suitable aLcountiThg poliLies and apply thern Lonsibiently., observe the rneth(Kls and principles in the Charilies SORP., make judgements and estimates that are reasonablc dnd prudenl., state whether applicable UK Accountin8 Standai-db have been r()Iluwed, 8ubjeLI Iu ¢111y mdleiiul d¢pdrture disclosed and explained in the finanLial sialernenls., and prepare the financial slat¢mLnlS on the going con¥¢rn ba.4ii unless il i) inappropi'iaL¥ li) Pl-Lsum¢ ihal IhL charitable company will continue in business. The Iruslees are re%ponsibl<' for keLping ddL(iuuIL ULIOUlllin¥ reLC)rdi Iliul ur¥ iLII'I'ILiLlli lu sliiiw and Lll)Idin Ihe charitable compAny's Iransaulions and disLluse iviih i-eus()nable aLLUI-UL.y (Il uny IiniL ihl I'iiikiniidl pc)silic)ii (Il. Ilie charitable company and Lnuble Ihern lo LnsurL Ihdl lh¥ finanLidl slaleinLnis ¢vmply willi (he LL)mpani¥¥ A¢l 2006. They are also responsible for sal¢guardinb the USseit+ of IhL' chai'iiuble ¥oinpuny und henLL lor iaking reasonable steps for the prevenlion and dLleLtion L>f fruud und oihLr irreguluriliLs, Approve y the trusteis harity on....... and signed on ils b¢half by DrRich Chairni Page 4 WELLS (ALL SAIINTS) PRE-SCHOOL LIMITED Independent Examiner's Report to the trustees of WELLS (ALL SAINTS) PIIE-SCHOOL LIMITED I report to the charity trustees on my examination of th¢ aLcounls of the charity for ihe yeai- ended 31 July 2024 which are set out on pages 6 to 15. Respective rejponsibilities of trustee$ and examiner As the charity's trustees ot. WELLS (ALL SAINTS) PRE-SCHOOL LIMITED (and Its directors for the puryoses of company law) you are responsibl¢ t'or the pi-¢paration of lh¢ accounis in accoi'dance with Ihe requirements ol" th¢ Compam¢s Act 2006 ("the 2006 Act,). Havin8 satisfied myself that the accounts of WELLS (ALI, SAIN'I'S) PRE-SCI-IUOI. LIMI'I'Ef) lire not reciuii-ed lo be audited under Pail 16 of the 2006 Act and al'e eligible for indepLnd¢nl exaniinulion, I rcpoi'l in respLcl of my examination of your charity's uccounts as carried oul under section 145 ot the Charities ALI 2011 {'thL 2011 Act,). In carrying out my exaEninalion I liuve followed the Directions given by lh¢ Charily Comrnission under section 145(i)(b) of the 201 I Aci. Independent examiner'$ ytatement Since WELLS (ALL SAINTS) PRE-SCHOOL LIMITED'S 8ross in¢ome excLcded £250,(IOU your examiner must be a member of a body listed in seLlion 145 of the 201 I ALI. I conliiin Lhal l Jm qualil ILd io underluke (he ex8minatson beuause l am a member of As$o¥ialion of Lhurtered Cerlilied ALLuuniani), w,liiLh i¥ ollL ol- Ihe listed bodies. I have Lomplei¢d my exaininaiion. l LonfiiTh thal llci niuiiLlb hdVL' Lum¢ to my ull¥lliiLin in i(Inn¥¥llClli ¥viih lh¢ examin&tion givin8 nie ¢ausL' 10 believe.. l. accounting records were not k¢pl in i-LspeLI ol. Wl.'I.LS (Al,l.. bAIN'I'S) I)SIL-.%LI10()I. L IMI'I'EI) a. required by seclion 386 01. the 21)U6 ALL, OI. 2. the #ccounls do not llCCoi￿ with thc)se I'eLords,' ()i' 3. the accounts do not comi)ly with the auknounlinbi requir¢m¢nls ol. s¥Lli()n 3L)6 1)I' Ihe 20U() ALI uill4'1' Ihun any rL'quiiEmeni thal th¢, accounls give a 'truL and lair view, which is n(11 J InJll¥i' L￿n)i￿Ll.ed as pai1 ul. an independent ¢xamination' or 4. the accounts have not been pr¥paiEd in a¥¢OI'dun¥e wilh the rnlihods and piiii¥iplLs vl. IhL Siul¥ni¢ni or Recomm¢nded Practice foi. uccouniing und r¢porLinb> by cliui-ilieb IdppliLJble lo tyh#i-iLiLb ijreparing Iheir counts in acLordanc¢ with the Financial Reporting Standui'd appliLable in Ilie UK and Ilcpubli¢ ol. Ireland (FRS 102)]. I have no conLLmS and have rome aLI-u8s no oiher m&Ile￿ in Lonnection with IhL Lxaminalion 10 whiLh attention should be drawn ip this report in order to enable a pruper undei-slanding of ihL abLOLinls lo be re pLI-iuJ The funds bre&k-down for 2024 is shown in n()1¢113J Pagc 6 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED (Registration number: 4697602) Balance Sheet as at 31 July 2024 2023 Note Fixed asset$ Tangible assets 1,713 2,531 Current asset$ Debtors Cash at bank l￿d in hand 9,864 206,854 225,743 233,102 216.718 Credltors: Ami)unt$ falling due within one year 10 2,154 2.137 Net current assets 230,948 214.581 Net assets 232,Ci() I 217,112 Fund$ of the charity: Unrestricted Income funds Unrestricted funds ?32,661 217,112 Total funds 2.32,661 217,112 For the financial year Lnding 31 July 2024 ihc charily was enliiled lo cxempli()n Ironi audil und¢i' $cclion 477 Ot" the Companies ALI 2006 irlatinB lo srnall Lompanies. Directors, responsibilities,, The meinbers havL not re(iuired the Lhariry io obtain an uudii ol, lis L their responsibililiLs l or complying wilh Ihe r¢quii'¢mLllls ul. Ihe Ail iviIII I'L*p¥LI to acLounting records and ilie preparation ol. JLLuunli. These accounts have been prepared in ALLordanLe with the prc)VlSlOlli appliLal)le LLI Lompaniei iubj#LI lu the small ¢ompani¢s re ime. The fin 2 hlfvl¥61 ncial slalem .and ts on pages 6 10 15 were approved by ihL tsijslees, and authoi-IbLd for issue on behalf by ic rd Price innan Page 7 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 July 2024 l Accounting policie$ Summary of slgnificant a¢¢ounting polieieg and Iiey Ydccounting estimatey The principal accounting policies applied iii the pi-eparalion of ihese I'inancial sialements are sei oul below. These policies have been tsonsislenlly applied to all the yea13 presented, unlesb oiheTrvise slated. Statement of eompll#nce The financial stalenients have be¢n pirpured in aLLordance with Accounling and RLpoiling by ch￿.111&s.. Statement of Recommended Practic¢ appliLable to Lhariiies pi-eparing their uLLounli in ilCLordunLe with IhL Financial Reportin8 Standard applicable in the UK und Republic of liyland (FRS 102) (et"leLlivL l January 2015) - (Charities SORP (FRS 102)), the finanLial Reporting Siandai-d appliLuble in thL UK and Republic or Ir¢land (FRS I()2) They also comply with Ihe Compunies ALt •006 and ChariliLs Aci 2011 . Ba81$ of prepar8tlon WELLS (ALL SAINTS) PRL-bC14001. LIMI'L'ED rneels Ihe del inilion of a public b¢nel'il ¢nlily undei. FRS 102. Assets t￿d liabilities ui-e iniliully reLognised ai hisloriLal cost or Iransaclion valuL unlebs oiherwise %laied in the relevant accountin8 policy not¢s. Golng concern ThL trusliys con8ider ihat therL are no material uncertainties about thL charilv's ability. lo Loniinue as u going concern n()i' any significant areas of unLertainly that uffecl Ihe canying value ot. ussei¥ hild by ilie Lharity. Excmptlon from prep#rlng # cash flow, $tatement The charity OPl¢d to eai-ly adopt Bulletin I PLiblished on 2 f¥biiJary 201 G and hÉive thLI'el'or¢ ni)i inLlud¥d d Labh flow statement in these financial siaiemlnts. Expenditure AII ¢XPLnditure is recognised once there 1% a legal oi. ion.siruclive c)l)ligiilioii Lil Ihdl eNii¢iidilui-L. il is pi'obable settlement is iyquired dnd the amounl Ldn be me£i>ui-Ld reliably. All L(i*Ls &11'i cillii¥alLd iii Ilie Jpi)IILable eX￿ndItUre heading thul dggregate bimil￿- costs lo Ihiil LaiLbOry. Whel'¢ L()%1* La1￿701 be dii'LLII.y Jlli'ibulLd Ic) p&rticul&r headings thLy have b¢en allvLaied on a buils Lunsiilenl Nviili IIIL UsL cil. i-iiOUI'UL.s, IviilI Lenli-èjl sial'l. costs allocated oil the basis of liinL spent, and d¢i)rLLiJlion Lharge> ull(ILJLLd uii Ihe i)ui-Iion ul. Ihe Lqii¢l i UsL. Other 8upporl bosls are allocaied based on the spi'LJd ol. sldll. Losts. Rdisingfund5 These are costs inLurred in utttacting voluntaiy income, the mana8¢meiii of inveslmenlb and Ihose incuii-ed in irading activities thal raibe funds. Charitable activities Charitable expenditure comprises those costs incurred by the charily in the deliveiy of lis activities and services for its beneficiaries. li includes both Losts that can be alloLxled directly to such a¥liviLies and those costs of an indirect nature necessary to support them. Pag¢ 8 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Notes to the Financial Statemeiits for the Year Ended 31 J uly 2024 Support co$ts Support costs include central functions and have been allocaied to activity cosi caiegoi-ieb on a basis consislenl with the use of resources, for example, allocating property costs by floor areas, or per capiia, slaff cosis by the time spent and other Costs by their usage. Governance eoxts These includ¢ the costs attribulablL' to the chaiity's cornpliance with constitutional and slalulory requirernenis, including audil, stral¢gi¢ mana8en]ent and trustees's me¥lings and reimburied expentyLs. Taxation lThe charity is considered lo pass the tests set oui in Paragraph I Sch¢dule 6 01" the l.'inanL¢ Aci 2010 und therefore it meets the definition of a Ch￿ilable company for UK corporalion lax PUlVOses. Accoi-dingly, the charity is potentially exempt from iaxalion in i-espect ol income or capital gains reLLived within L£tiegories covered by Chapter 3 Pan I l of the Corwi'ation Tax Acl 201 O or geLlion 256 01" the I'uxulion ol. Cliai'g¢able Gains Acl 1992. to the exlenl thal suLh income or gains ar¢ appli¢d exclusivel), 10 chiirilbblL purrK>iCS. Tanglble flxed assets Individual fixed asseis costing £500.00 or more are iiiilially rewrded al cosi, ILss any sub%L'quenl aucumult)led depreciation and subsequent aLLumulaled impuimieni loss¢s. Depreclation and amortlsati()n Depreciation is provided on lungible I'ixed assets so as to writt. off the Lost oi- valualion, less any eblimaled r¢sidual value, ov¢r Iheir expected uts¢ful economic lil¥ as tollows.. Asset Lla$$ Furnitures und equipmenls D¢pr¢eiati(>n method rate Trade debtors Trade debtors &re umuunts due from cuslorners for rnerchandisL' sold or servi¢es ￿r[oThed in the ordinary course of businLSS. Trade debtors ure recognised initially ul ihe transaction priLL. They are subsequently niLasuI'¢d al umoi-Li%ixI Lobl using the effective inieresl mLiliod, less provisi1111 l'or impainnent. A pi-c)vi%ioii lui. Ilie impJiiinLIIL ol. Irdde debtoi's is establishLd whai there is objeciivL LN'idenLe thal the chui'iiy will ncil bc able li) Lul ILLI all amuLinl) due according lo the origin81 tenns of the reeLivublei. C85h xnd cash equivalen*¥ Cash and lash equivalents Lomprise cash on hand dnd Lall deposils, Jnd oih¢i' shui1-ILiin highly Ii(iuid inveslments that are readily convertible lo a known dmouni ol. Lash aiid lire subjeLI Ic) lill iii)i¥niliLcini I1￿k ol. ¢han8¢ in vAlue. I'age 9 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 July 2024 Foreign ex¢haDge Transactions in foreign currencies are recorded ai ihe rate of exchaiige al Ihe dale ot. Il)e Irdniaulion. Monelaiy assels and liabilities denominaled in foreign cun'en¢ies 8t ihe bal<2nce sheei dale al'e I'Lponed al the raies of exchange prevailing at thai dale. The results of overseas operations are translat¢d at the avei-age rates ol. ¢K¢han8e dui'ing the pa'iod dnd dieir balancl. sheets at th¢ rates nLling at the balance sheet dale. Exchange dillerences arising on t]-anslaiion of the opening nei ass¢ts and resulls of overtscas operatioiis are repoilLd in other Lomprehensive income and a¢cumulaied in equity (alts-ibuted to non-¥ontsDlling inlei-ests as appropriate). Other exihan8e differcnues are recogFnis¢d in the Statement of Financial Aclivilios in the i)erivd In which ihey arise except for.. l ) exchange ditterences on trAnsactions entered inlo lo hedge certain foreign cuii-Ln¢y iisks (see above). 2) exchEfft8e diffcrences ai-ising on gains or losses on non-moneiary ilLrns whilh arL Ir¥ognised in oiher comprehensive inconie., and 3) in the case of the consolidated fin£￿ClaI slatemLnlS, ex¥hange differenLLi on mi)n¢iaiy iieiTr% i-Lceii.'iil)le li'om or payable to a I'orei8n L)peration for whilh seiilemenl is neither planncd noi- likLly 10 u¥iUI' (IhLI-elL>rL' I'oiining part of the net inveblment in the for¢1￿ operalioii), which are i-eLognised in L)ihei' uvmpi'LhLnJiV¥ in¥omL and reported u]Id¢r equity Fund gtructure Unrests'icted inLume tunds are gLnei-al tunds Ihal w-¢ available for UtsL ul the 1111slL¢b'¥ dii¥i-elion in I'urihLI-an¢e of the objeclives of the Lharity. Financlvdl Instrument$ Classificdtion Financial agsets and l-inancial liabilities are reco8llisL.d when the Ghariry beLome> a party io IhL Loniraciual provisions ot the insuvmenl. Financial liabililies and equity instrument.% are classified according Ic) Ihe subilance ol. IhL contractual a￿angeMentS enlcrLd into. An equity insLNmenl is any 6onti-aGI thai evidLnLL's J i-eiidual inl¢i'es1 In the aJiel% ot the Ch￿ltY afiLr deducting all ot its liubililiLb. 2 Exp¢nditure on ch&ritable a¢tlvili¢s Unrcstricted Tutal 21124 Tolal 2lI23 Nole Staff Costs Direct costs Depreciation of oftice equipmenl Office expenses Trade subscriptions Bank charges 2•8.240 9,6U4 818 611 181 118 228,?40 9,604 818 ?14,524 Y,i43 414 236 146 1S9 181 118 Pa8c 10 WELLS (ALL SAINTS) PRE-SCHOOL LIIKITED Notes to the Financial Statements for the Year Ended 31 July 2024 Unre$tricted funds Total 2024 Total 2023 General Note Staff boThu￿s Insut8llL Equipment repairs and renewals Telephone and fax Computer software and maintenance costs Printing. wslage and stationery Ch8ritable donations Sundry ex￿SeS Staff entcrtaining (allowable for tax) 2.628 679 2,628 679 2,463 648 715 1,102 24 715 1,102 24 755 505 774 124 43 402 177 177 244,897 244,897 230,472 3 Trugtee8 remuneratlon and expenges During the year th¢ charity made no remuneration lo the trustees. l)a8e I I WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 July 2024 4 Staff cogtg Th¢ ag￿egate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries Social security Wsts Pension costs Other staff costs 215,299 9.411 2,554 976 205.539 6,876 1.585 524 228,240 214,524 The monthly avera8¢ number of p¢rsons (includinB senior rnanag¢m¢nt team) employed by the charity during the year expressed as full time equivalenis was as follows.. 2024 2023 Number of Employee 15 No employee received ernolumenls of more than £60,000 durin8 the year. 5 Independent examiner's remuner¥tlon 2024 2023 Independent Examiner's remuneralion 594 594 Pa&Je 12 WELLS (ALL SAINTS) PKE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 July 2024 6 Taxation The charity is a registered charity and is therefore exempl from laxalion. 7 Tangible fixed assets Furniture and equlpment To¢al Cost Al l August 2023 At 31 July 2024 5,947 5,947 5,947 5,947 Depreciation At l August 2023 Charge for the year At 31 July 2024 3,416 818 3,416 818 4,234 4,234 Net book value At 31 July 2024 1,713 1,713 At 31 July 2023 2,531 2,531 8 Debtor$ 2U24 2023 Trade debtors Prepayments Other debtors 455 9,385 24 7,358 7,359 9,864 9 Cash and eayh equlvalenl$ 2024 2023 Cash on hand Cash at bank 169 225,574 232 206,622 225,743 206,854 10 Creditors: amounts falling due within one year Page 13 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Iyotes to the Financial Statements for the Year Ended 31 July 2024 2024 2023 Other creditors Accruals 510 1,644 493 1,644 2,154 2,137 11 Pension Ydnd other 8chem¢g Defined contributlon pension scheme The charity operutes 8 defined Contribution penbion scheme. The pension cost charb?e for the year repre¥ents contributions payable by the charity to the scheme aT]d amounted to £2,554 (2023 - £1,585). 12 Commltment$ Capltal commitments Board of Trusiees as whole is an ultimalL controlling party. The total atnount Lontracled for but nvl provided in the financial statements was £Nil (2023 - £Nil). 13 Funds Balance 4t I August 2V23 Incomlng reyi>ur¢eg R¢$vurces expendL.d Balance al 31 July 2024 Unre8trl¢ted fund9 General 217,112 2C)(),064 283,51) 232,661 I'age 14 WELLS (ALL SAINTS) PRE-SCHOOL LIMITED Notes to the Financial Statements for the Year Ended 31 July 2024 14 ADaly$l$ of net asse¢$ between funds Unreytricted fundy Generxl Total fundy Tangible fixed assets Current assets Current liabilities 1,713 233,102 (2,154) 1,713 233.102 (2,154 Tolal net assets 232,661 232,661 IS Rclated party trY4nsactions Durin8 the year th¢ charity rnad¢ the follomryng related pl￿Y transa¢lions'. Following Trustees/Secretary ¥hildren attended preschoL)l and paid nom]al slandurd, full fees. - Jennifer Miller - Mrs. Ruth Lilian Norvell Ms Jessica Buluilis - Ms. Natalie Young At the balance sheet dale the amount due lolfrom wab £Nil (2023 - £Nil). Pag¢ 15