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2024-08-31-accounts

- Minutes for the Gipsey Bridge Pre school AGM Date: 13/11/24 Meeting opened at: 19.04pm

Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
Minutes for the Gipsey Bridge Pre-school AGM
Date: 13/11/24 Meeting opened at: 19.04pm
1. Present/Apologies/Absences
Name Initials Position Present (P),
Apologies sent (A),
Absent –no
apologies sent
(AB)
Maxine Holland MH Manager/Member P
Elaine Mitchell EM Secretary P
Rachel Peacock RP Vice chair AB
Michell Booth MB Member P
Claire Sammons CS New member P
Maggie Everington-
Ali
MEA New member P
Debbie Anderson DA Treasurer P (Arrived
19.12pm)
2. Minutes of last meeting held on:
21/11/22
Prop – MB
2nd- Maxine
3. Matters arising from last minutes: Current
status
Ongoing
Ongoing
Postponed
Ongoing
Description By Who Current
status
Constitution – to be agreed byall All Ongoing
IT Specialist to update system/website MH Ongoing
Seekingbusiness sponsors MH Postponed
Purchase Thankyou flowers for Ruth & Kate EM Ongoing
4. Chair persons report:
A good year and as always gratitude goes to all the staff for making everyday
special for the children.
5. Treasurers Report:
Opening balance 1stSept 22 – £41605.30
Closing balance 31stAug 23 -£22950.07
Plus the reserve account

Page 1 of 3

Signed as a true record:.......................................... Date:............................................

This years accounts will be finished and sent for independent review and reported on next agm. Although we had a very busy year last year financially we have not seen a gain. The rising costs of everything and lack of government funding for the children has impacted on us extremely hard. This year will be a very tight year and we will be operating on a month by month basis. Our priority this year will be applying for grants and funding from other sources and fundraising through preschool for resources. Hopefully the 20 year celebrations can help with this. In March 2023 the chapel received an extortionate electricity bill due which they have had to take out a loan to pay off. Our rent increased to help with some of these rising costs of energy and repairs however we are not in a position to pay any more than we are now. Luckily they have been able to secure a better tariff so hopefully this will improve things for them. In April the national living wage will increase again which will also result in higher pension and tax contributions for employers. We will need to take this into account and consider fee increases to help us sustain this. This year fundraising activities have included

• Halloween walk • Easter egg hunt • Valentines dance • Mud run • Christmas tombola

6. Managers Report:

This last year has flown by and it feels like only yesterday we were having our last AGM!! The number of children on role in 22-23 were very good and the highest we have ever had. This has meant that we started the 23-24 year with the same number of children on role that we normally see on role for a July. This is a huge achievement for a small rural preschool. We currently have 13 people employed 6 part time and 7 full time. We have developed our little explorers program further this year and are offering more community outings and forest school sessions which is benefiting the children greatly. Over the coming year we will be looking at developing the experiences we offer the children in house such as the story lady coming in etc.

We have had an OFSTED inspection which went very well and we received a GOOD grading which we are very proud of. We also had a visit from the environmental health office, we received a 5 star grading for this – the highest we can get. Last year I reported that we had a sink hole on the driveway, this was fixed last November however it has now started to sink again. The chapel are aware, I am hoping someone will be out to look at it very soon. We have had a new camera bell installed due to our old one being broken. We are hoping to install four security cameras around the building – this is something we will need to fundraise for as they are very expensive. In January 2024 we will celebrate our 20 year anniversary. We would like to celebrate this in style and throughout the year rather than in just that month. We have had some suggestions from people on ways we can do this but will need many more to make it a successful celebration.

Page 2 of 3

Signed as a true record:.......................................... Date:............................................

Finally I would like to thank all our parents and committee members for all their support over the past year and also thank our amazing team of staff for their dedication and hard work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like to say a huge thank you to Elaine for her unrelenting dedication and support she gives every day, without her I would not be able to keep the setting going.

Finally I would like to thank all our parents and committee members for all their support
over the past year and also thank our amazing team of staff for their dedication and hard
work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like
to say a huge thank you to Elaine for her unrelenting dedication and support she gives
every day, without her I would not be able to keep the setting going.
Finally I would like to thank all our parents and committee members for all their support
over the past year and also thank our amazing team of staff for their dedication and hard
work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like
to say a huge thank you to Elaine for her unrelenting dedication and support she gives
every day, without her I would not be able to keep the setting going.
Finally I would like to thank all our parents and committee members for all their support
over the past year and also thank our amazing team of staff for their dedication and hard
work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like
to say a huge thank you to Elaine for her unrelenting dedication and support she gives
every day, without her I would not be able to keep the setting going.
Finally I would like to thank all our parents and committee members for all their support
over the past year and also thank our amazing team of staff for their dedication and hard
work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like
to say a huge thank you to Elaine for her unrelenting dedication and support she gives
every day, without her I would not be able to keep the setting going.
Finally I would like to thank all our parents and committee members for all their support
over the past year and also thank our amazing team of staff for their dedication and hard
work, they all do a fantastic job and we are very lucky to have them all. Lastly I would like
to say a huge thank you to Elaine for her unrelenting dedication and support she gives
every day, without her I would not be able to keep the setting going.
7. Any Other Business:
Election of roles
Stepping
down/remaining/Joining
SD
SD
R
SD
R
SD
R
R
J
J
J
Name Role Stepping
down/remaining/Joining
Michelle Booth Member SD
Ava Anderson Chair SD
Nikki Nundy Member R
MegKelly Member SD
Debbie Anderson Treasurer R
Rachel Peacock Vice chair SD
Elaine Michell Secretary R
Maxine Holland Member R
Claire Sammons New member J
Maggie Everington - ALi New member J
Jade Corssen New member J
8. Action points: By who
All
MH
EM
MH
MH
Actionpoint description By who
Constitution – to be agreed byall All
IT Specialist to update system/website MH
Purchase Thankyou flowers for Ruth & Kate EM
Applyforgrants & funding MH
Install 4 securitycameras around the building MH
9. Date of next meeting:
Friday 22ndNovember 2024 @ 15.30pm
Meetingclosed at: 19.30pm.

Page 3 of 3

Signed as a true record:.......................................... Date:............................................

Gipsey Bridge Pre School

Accounts for the Year Ending 31st August 2024

Prepared by Fastax 20-22 South Street Boston Lincs PE21 6HT

Accountants, Tax Advisors, Bookkeepers & Payroll Processors

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Charity Information & Contents

Trustees

Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell

Charity Number

1101174

Registered Office

2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP

Business Address

2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP

Accountants

Fastax 20-22 South Street Boston Lincs PE21 6HT

Contents

Page 1 Trustees Report Page 2 Accountants Report Page 3 Trading Account Page 4 Balance Sheet Page 5 Notes

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Trustees Report for the Year Ending 31st August 2024

The Trustees present their annual report on the affairs of the Charity and the accounts which have been prepared in accordance with the accountants report.

Names of Trustees

The Trustees of the Charity and their beneficial interest in the share capital is as stated below:

Name

Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell

Principal Activities

The principal activity of the Charity through the period has been to Provide education to children Pre School

Abbreviated Report

The report of the Trustees has been prepared under the special provisions relating to small companies.

Approval

This report was approved by the board on 15th September, 2024 and signed on its behalf.

Maxine Holland - Trustee

Page 1

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Accountants' Report to the Trustee's on the un-audited Accounts of Gipsey Bridge Pre School

We report on the accounts for the year ended 31st August 2024, set out on pages 1 to 5.

Respective responsibilities of Trustees and reporting accountants

As described on page 4 the Charity's Trustees are responsible for the preparation of the accounts, and they consider that the Charity is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion

Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and our procedures consisted of comparing the accounts with the accounting records kept by the Charity, and making such limited enquiries of the officers of the Charity as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.

Opinion

In our opinion:

Signed

Reporting Accountants

Fastax

20-22 South Street Boston Lincs PE21 6HT

24th, June 2025

Page 2

Gipsey Bridge Pre School

Surplus and Deficit Account

Accounts for the Year Ending 31st August 2024

Sales
Donations/Grants
Fundraising
Less: Cost of Sales
Toys/Creative/play resources
Entertainment - Children
Food
Books
Gross Surplus
Less: Establishment Expenses
Repairs & Renewals
Insurance
Less: Administrative Expenses
Wages
Pension Cost
Professional Fees
Rents
Computer Cost
Telephone & Internet
Cleaning
Accountancy
Sundries & Subscriptions
Depreciation
Entertainment - Staff
Training
Printing
Postage & Stationery
Advertising
Bank Charges
Clothing Costs
Operating Surplus for the year
Add: Interest Receivable
Surplus / (Deficit)
Tax on Surplus on ordinary activities
Surplus / (Deficit) for the year after taxation
Surplus / (Deficit) brought forward
Surplus carried forward
268,586
8,830
1,259
2,576
2,559
4,774
-
9,909
100%
268,766
3,120
1,067
4,187
203,469
2,505
-
8,400
445
1,937
-
380
1,007
-
479
439
925
523
329
-
1,485
222,323
16%
42,256
-
42,256
-
42,256
-
42,256
2024
208,581
589
1,342
3,520
3,224
4,296
177
11,217
96%
199,295
2,412
1,199
3,611
198,546
1,792
344
8,100
145
1,769
1,155
360
1,832
-
1,461
299
946
512
-
-
1,083
218,344
-11%
(22,660)
-
(22,660)
-
(22,660)
-
(22,660)
2023

Gipsey Bridge Pre School

Balance Sheet

Accounts for the Year Ending 31st August 2024

Fixed Assets
B/Fwd
Cost at
Dep'n
01/09/2023
B/Fwd
Computer Equipment
25%
-
-
Office Equipment
10%
-
-
-
-
Current Assets (due within one year)
Trade Debtors
True Potential
PAYE
Cash
Top Up Card
Bank
Savings
Current Liabilities - amounts falling due within one year
Net Wages
Creditors
Bank
True Potential
Accruals
Directors Loan Account
PAYE
Corporation Tax
Net Current Assets (Liabilities)
Long Term Liabilities - amounts falling due after one year
Total Liabilities
Represented by;
Capital and Reserves
Share Capital
Surplus and Deficit Account
Shareholders Funds
Additions
Disposals
-
-
-
-
-
-
-
-
215
-
-
40,996
21,984
63,195
-
-
-
510
1,330
-
-
-
1,840
61,355
-
-
-
61,355
19,099
42,256
-
61,355
2024
Current
period
NBV at
Dep'n
31/08/2024
-
-
-
-
-
-
-
-
-
430
1,465
22,029
-
23,924
-
-
-
1,483
1,210
-
2,132
-
4,825
19,099
-
-
-
19,099
41,759
(22,660)
-
19,099
2023

The Trustees consider that for the financial year 1st September 2023 to 31st August 2024 the Charity was entitled to exemption from audit under section 249A(1) of the companies Act 1985, and confirm that no notice has been deposited by members under section 249b(2) of CA 1985 in relation to the accounts for the year to 31st August 2024.

The Trustees acknowledge their responsibilities for ensuring that they keep accounting records which comply with section 221 of CA 1985 and preparing accounts which give a true and fair view of the state of affairs of the Charity as at 31st August 2024 and of it's Surplus or Deficit for the year ended 31st August 2024 in accordance with the requirements of section 226 C A 1985, and which otherwise comply with the requirements of CA 1985 relating to accounts so far as applicable to the Charity.

Maxine Holland Trustee 24th, June 2025

Page 4

Notes

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Depreciation

Depreciation is calculated to write off the cost or valuation of all assets over their expected normal useful lives. The rate and method of depreciation are;

Category of asset
Computer Equipment
Depreciating Assets
Computer Equipment
Office Equipment
Rate
Method
10%
On Cost
B/Fwd
Current
Cost at
Dep'n
period
NBV at
01/09/2023
B/Fwd
Additions
Disposals
Dep'n
31/08/2024
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Basis of the accounts preparation

The accounts are prepared under the historical cost convention and include the results of the Charity's operations which are described in the director's report. All the activities are continuing. The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small Charity.

Turnover

Turnover comprises the invoiced value of goods and services provided by the Charity. All of which are stated net of VAT.

Operating (Deficit) Surplus

The operating (Deficit) Surplus is stated after charging:
Depreciation - owned assets
0
2024
-
2023

Gipsey Bridge Pre School

Accounts for the Year Ending 31st August 2024

Prepared by Fastax 20-22 South Street Boston Lincs PE21 6HT

Accountants, Tax Advisors, Bookkeepers & Payroll Processors

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Charity Information & Contents

Trustees

Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell

Charity Number

1101174

Registered Office

2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP

Business Address

2 Leagate Road Gipsey Bridge Boston Lincs PE22 7BP

Accountants

Fastax 20-22 South Street Boston Lincs PE21 6HT

Contents

Page 1 Trustees Report Page 2 Accountants Report Page 3 Trading Account Page 4 Balance Sheet Page 5 Notes

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Trustees Report for the Year Ending 31st August 2024

The Trustees present their annual report on the affairs of the Charity and the accounts which have been prepared in accordance with the accountants report.

Names of Trustees

The Trustees of the Charity and their beneficial interest in the share capital is as stated below:

Name

Maxine Holland Kelly Waller Rachael Peacock Emily Booth Ruth Mountain Grace Hutton Kate Dean Rachael Gedney Elaine Mitchell

Principal Activities

The principal activity of the Charity through the period has been to Provide education to children Pre School

Abbreviated Report

The report of the Trustees has been prepared under the special provisions relating to small companies.

Approval

This report was approved by the board on 15th September, 2024 and signed on its behalf.

Maxine Holland - Trustee

Page 1

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Accountants' Report to the Trustee's on the un-audited Accounts of Gipsey Bridge Pre School

We report on the accounts for the year ended 31st August 2024, set out on pages 1 to 5.

Respective responsibilities of Trustees and reporting accountants

As described on page 4 the Charity's Trustees are responsible for the preparation of the accounts, and they consider that the Charity is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion

Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and our procedures consisted of comparing the accounts with the accounting records kept by the Charity, and making such limited enquiries of the officers of the Charity as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.

Opinion

In our opinion:

Signed

Reporting Accountants

Fastax

20-22 South Street Boston Lincs PE21 6HT

24th, June 2025

Page 2

Gipsey Bridge Pre School

Surplus and Deficit Account

Accounts for the Year Ending 31st August 2024

Sales
Donations/Grants
Fundraising
Less: Cost of Sales
Toys/Creative/play resources
Entertainment - Children
Food
Books
Gross Surplus
Less: Establishment Expenses
Repairs & Renewals
Insurance
Less: Administrative Expenses
Wages
Pension Cost
Professional Fees
Rents
Computer Cost
Telephone & Internet
Cleaning
Accountancy
Sundries & Subscriptions
Depreciation
Entertainment - Staff
Training
Printing
Postage & Stationery
Advertising
Bank Charges
Clothing Costs
Operating Surplus for the year
Add: Interest Receivable
Surplus / (Deficit)
Tax on Surplus on ordinary activities
Surplus / (Deficit) for the year after taxation
Surplus / (Deficit) brought forward
Surplus carried forward
268,586
8,830
1,259
2,576
2,559
4,774
-
9,909
100%
268,766
3,120
1,067
4,187
203,469
2,505
-
8,400
445
1,937
-
380
1,007
-
479
439
925
523
329
-
1,485
222,323
16%
42,256
-
42,256
-
42,256
-
42,256
2024
208,581
589
1,342
3,520
3,224
4,296
177
11,217
96%
199,295
2,412
1,199
3,611
198,546
1,792
344
8,100
145
1,769
1,155
360
1,832
-
1,461
299
946
512
-
-
1,083
218,344
-11%
(22,660)
-
(22,660)
-
(22,660)
-
(22,660)
2023

Gipsey Bridge Pre School

Balance Sheet

Accounts for the Year Ending 31st August 2024

Fixed Assets
B/Fwd
Cost at
Dep'n
01/09/2023
B/Fwd
Computer Equipment
25%
-
-
Office Equipment
10%
-
-
-
-
Current Assets (due within one year)
Trade Debtors
True Potential
PAYE
Cash
Top Up Card
Bank
Savings
Current Liabilities - amounts falling due within one year
Net Wages
Creditors
Bank
True Potential
Accruals
Directors Loan Account
PAYE
Corporation Tax
Net Current Assets (Liabilities)
Long Term Liabilities - amounts falling due after one year
Total Liabilities
Represented by;
Capital and Reserves
Share Capital
Surplus and Deficit Account
Shareholders Funds
Additions
Disposals
-
-
-
-
-
-
-
-
215
-
-
40,996
21,984
63,195
-
-
-
510
1,330
-
-
-
1,840
61,355
-
-
-
61,355
19,099
42,256
-
61,355
2024
Current
period
NBV at
Dep'n
31/08/2024
-
-
-
-
-
-
-
-
-
430
1,465
22,029
-
23,924
-
-
-
1,483
1,210
-
2,132
-
4,825
19,099
-
-
-
19,099
41,759
(22,660)
-
19,099
2023

The Trustees consider that for the financial year 1st September 2023 to 31st August 2024 the Charity was entitled to exemption from audit under section 249A(1) of the companies Act 1985, and confirm that no notice has been deposited by members under section 249b(2) of CA 1985 in relation to the accounts for the year to 31st August 2024.

The Trustees acknowledge their responsibilities for ensuring that they keep accounting records which comply with section 221 of CA 1985 and preparing accounts which give a true and fair view of the state of affairs of the Charity as at 31st August 2024 and of it's Surplus or Deficit for the year ended 31st August 2024 in accordance with the requirements of section 226 C A 1985, and which otherwise comply with the requirements of CA 1985 relating to accounts so far as applicable to the Charity.

Maxine Holland Trustee 24th, June 2025

Page 4

Notes

Gipsey Bridge Pre School Accounts for the Year Ending 31st August 2024

Depreciation

Depreciation is calculated to write off the cost or valuation of all assets over their expected normal useful lives. The rate and method of depreciation are;

Category of asset
Computer Equipment
Depreciating Assets
Computer Equipment
Office Equipment
Rate
Method
10%
On Cost
B/Fwd
Current
Cost at
Dep'n
period
NBV at
01/09/2023
B/Fwd
Additions
Disposals
Dep'n
31/08/2024
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Basis of the accounts preparation

The accounts are prepared under the historical cost convention and include the results of the Charity's operations which are described in the director's report. All the activities are continuing. The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small Charity.

Turnover

Turnover comprises the invoiced value of goods and services provided by the Charity. All of which are stated net of VAT.

Operating (Deficit) Surplus

The operating (Deficit) Surplus is stated after charging:
Depreciation - owned assets
0
2024
-
2023