REGISTERED COMPANY NUMBER: 04879683 (England and Wales)
REGISTERED CHARITY NUMBER: 1101326
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
FOR
CLIFFE WOODS PRE-SCHOOL
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
CLIFFE WOODS PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
|
|
Page |
|
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Notes to the Financial Statements |
6 |
to |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
CLIFFE WOODS PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31July2023.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Asperthecharity'sgoverningdocument,thecharity'sobjectsaretoenhancethedevelopmentandeducationof children
primarilyunderstatutoryschoolagebyencouragingparentstounderstandandprovidefortheneedsoftheir children
through community groups and by:
-Offeringappropriateplay,educationandcarefacilitiesandtrainingcourses,togetherwiththerightofparentsto take
responsibilityforandtobecomeinvolvedintheactivitiesofsuchgroups,ensuringthatsuchgroupsoffer opportunities
for all children whatever their race, culture, religion, means or ability;
-Encouragingthestudyoftheneedsofsuchchildrenandtheirfamiliesandpromotingpublicinterestinand recognition
of such needs;
- Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
Significant activities
The main activity of the charity during the year was the provision of early years childcare.
Public benefit
TheTrusteeshavehaddueregardtotheCharityCommission'sguidanceonpublicbenefitwhensettingthe charity's
activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Wehave82childrenattendthepreschoolweekly.TheTrusteesareconfidentCliffeWoodsPre-schoolprovides good
qualitycareandeducationforpreschoolandafterschool.Thepre-schoolwasrated"Good"byanOffsetinspection in
2017.
Wehavebeenabletooffermorespacestoparentsofchildrenaged2-11years;wehaveexpandedouroutsidearea to
includesensory,imaginaryplayandphysicaldevelopment.Expandingonanddevelopingchildren'sexperiences and
learning opportunities.
FINANCIAL REVIEW
Reserves policy
The charity aims to hold a minimum of £30,000 as free reserves.
Going concern
The trustees currently have no concerns regarding the future of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Allmembersareeligibletostandforelectiontobeatrustee.AttheAnnualGeneralMeeting,thenewelected members
oftheboardoftrusteeswillbethosecandidatesfromamongstthosehavingnotifiedtheirwillingnesstostand who
receive the highest number of votes from the members, up to a maximum of 12 elected trustees in total.
Page 1
CLIFFE WOODS PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
Membership of the pre-school is divided into two kinds:
FamilyMembershipappliestoparentsorguardiansofallchildrenwhoattendanygrouprunbythepre-schoolwishing to
support the aims of the pres-school.
AffiliateMembershipisopentothoseindividuals,organisationsorotherbodiesinterestedinsupportingtheaimsof the
pre-school.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04879683 (England and Wales)
Registered Charity number
1101326
Registered office
Cliffe Woods Preschool
View Road
Cliffe Woods
Rochester
Kent
ME3 8UJ
Trustees
D A Buckle Chairman
Mrs C Hobbs (appointed 29/2/24)
Mrs R Playford (resigned 6/9/22)
S Williams (resigned 11/10/22)
Mrs S Price (resigned 11/10/22)
Mrs S Bailey (appointed 29/2/24)
K Dhanda (appointed 29/2/24)
Mrs S Golden (appointed 29/2/24)
Ms E Smith (appointed 29/2/24)
Ms L Hare (appointed 29/2/24)
Company Secretary
Mrs C Hobbs
Independent Examiner
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
Approved by order of the board of trustees on 13 March 2024 and signed on its behalf by:
D A Buckle - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CLIFFE WOODS PRE-SCHOOL
Independent examiner's report to the trustees of Cliffe Woods Pre-school ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountants in
England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. 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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire Ralph
Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ
26 March 2024
Page 3
CLIFFE WOODS PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023
2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
500
Charitable activities
Childcare sessions
294,939
Other trading activities
2
1,947
Investment income
3
2
Total
297,388
EXPENDITURE ON
Charitable activities
Childcare sessions
322,516
Other
635
Total
323,151
NET INCOME/(EXPENDITURE)
(25,763)
RECONCILIATION OF FUNDS
Total funds brought forward
255,336
TOTAL FUNDS CARRIED FORWARD
229,573 |
2022
Total
funds
£
170
304,303
5,093
10 |
|
309,576 |
|
304,408
635 |
|
305,043 |
|
4,533
250,803 |
|
255,336 |
The notes form part of these financial statements
Page 4
CLIFFE WOODS PRE-SCHOOL
BALANCE SHEET 31 JULY 2023
2023
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
174,517
CURRENT ASSETS
Debtors
10
4,623
Cash at bank
95,996
100,619
CREDITORS
Amounts falling due within one year
11
(45,563)
NET CURRENT ASSETS
55,056
TOTAL ASSETS LESS CURRENT LIABILITIES
229,573
CREDITORS
Amounts falling due after more than one year
12
-
NET ASSETS
229,573
FUNDS
14
Unrestricted funds
229,573
TOTAL FUNDS
229,573 |
2022
Total
funds
£
177,530
4,175
123,379
127,554
(48,008)
79,546
257,076
(1,740)
255,336
255,336
255,336 |
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 July 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 July 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon13March2024and were
signed on its behalf by:
D A Buckle - Trustee
The notes form part of these financial statements
Page 5
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Fixtures and fittings- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Government grants
Grant income is recognised using the accrual model in the period in which it becomes receivable.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
2023 |
2022 |
|
£ |
£ |
Fundraising events |
1,947 |
5,093 |
continued...
Page 6
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
3. INVESTMENT INCOME
4.
INVESTMENT INCOME |
|
|
|
2023 |
2022 |
|
£ |
£ |
Bank interest receivable |
2 |
10 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2023 |
2022 |
|
£ |
£ |
Depreciation - owned assets |
9,258 |
11,634 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31July2023norfortheyear ended
31 July 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Childcare sessions
Other trading activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Childcare sessions
Other
Total
NET INCOME |
2023
2022
15
14
Unrestricted
fund
£
170
304,303
5,093
10
309,576
304,408
635
305,043
4,533 |
2023
2022
15
14
Unrestricted
fund
£
170
304,303
5,093
10
309,576
304,408
635
305,043
4,533 |
|
|
309,576 |
|
|
304,408
635 |
|
|
305,043 |
|
|
4,533 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
Unrestricted |
|
fund |
|
£ |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
250,803 |
TOTAL FUNDS CARRIED FORWARD |
255,336 |
8. INDEPENDENT EXAMINER'S FEE
Theaccountsincludeanaccrualof£1,500(2022:£1,500)forfeespayabletotheindependentexaminer in
respectoftheyearended31stJuly2023.£1,100ofthisrepresentsthecostofpreparingtheaccounts, while
£400 represents the Independent Examiners Fees.
9. TANGIBLE FIXED ASSETS
COST
At 1 August 2022
Additions
At 31 July 2023
DEPRECIATION
At 1 August 2022
Charge for year
At 31 July 2023
NET BOOK VALUE
At 31 July 2023
At 31 July 2022
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments |
Freehold
property
£
166,514
-
166,514
-
-
-
166,514
166,514 |
Fixtures
and
fittings
£
59,875
6,245
66,120
48,859
9,258
58,117
8,003
11,016
2023
£
2,519
2,104
4,623 |
Totals
£
226,389
6,245 |
Totals
£
226,389
6,245 |
|
|
|
232,634 |
|
|
|
|
48,859
9,258 |
|
|
|
|
58,117 |
|
|
|
|
174,517 |
|
|
|
|
177,530 |
|
|
|
|
|
2022
£
807
3,368 |
|
|
|
|
4,175 |
continued...
Page 8
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 13)
Social security and other taxes
Wages and pension creditor
Other creditors
Accruals and deferred income
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 13)
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
14.
MOVEMENT IN FUNDS
At 1.8.22
£
Unrestricted funds
General fund
255,336
TOTAL FUNDS
255,336
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
297,388
TOTAL FUNDS
297,388 |
2023
2022
£
£
1,740
4,000
2,567
4,341
17,572
16,029
22,102
22,138
1,582
1,500
45,563
48,008
2023
2022
£
£
-
1,740
2023
2022
£
£
1,740
4,000
-
1,740
Net
movement
At
in funds
31.7.23
£
£
(25,763)
229,573
(25,763)
229,573
Resources
Movement
expended
in funds
£
£
(323,151)
(25,763)
(323,151)
(25,763) |
|
|
continued...
Page 9
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.8.21
£
Unrestricted funds
General fund
250,803
TOTAL FUNDS
250,803
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
309,576
TOTAL FUNDS
309,576
A current year 12 months and prior year 12 months combined position is as follows: |
Net
movement
At
in funds
31.7.22
£
£
4,533
255,336
4,533
255,336
Resources
Movement
expended
in funds
£
£
(305,043)
4,533
(305,043)
4,533 |
At
31.7.22
£
255,336 |
|
|
255,336 |
|
|
4,533 |
|
|
|
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.8.21
£
250,803
250,803 |
Net
movement
in funds
£
(21,230)
(21,230) |
At
31.7.23
£
229,573 |
|
|
|
229,573 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
606,964
606,964 |
Resources
Movement
expended
in funds
£
£
(628,194)
(21,230)
(628,194)
(21,230) |
Resources
Movement
expended
in funds
£
£
(628,194)
(21,230)
(628,194)
(21,230) |
|
|
|
(21,230) |
continued...
Page 10
CLIFFE WOODS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
15. RELATED PARTY DISCLOSURES
There were no related party transaction in the year ended 31st July 2023 (2022 : £nil)
16. LOAN
AloanfromCliffeWoodsPrimaryfor£40,000wasborrowedfortheexpansiontothepreschoolandis repayable
over 10 years.
17. LEGAL INFORMATION
CliffeWoodsPre-Schoolisacharitablecompanylimitedbyguarantee,incorporatedinEnglandandWales. Its
registeredofficeandprincipalofficeisViewRoad,Rochester,Kent,ME38UJ.Furtherinformationabout the
charity's activities are included in the Trustees' Report.
Page 11
CLIFFE WOODS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Investment income
Bank interest receivable
Charitable activities
Fees
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Light and heat
Advertising and promotion
Consumables
Photos, outings and events
Repairs and maintenance
Cleaning and caretaking
Staff training and welfare
Rent
Computer costs
Fixtures and fittings
Other
Loan interest
Support costs
Finance
Bank charges
Other
Insurance
Telephone
Postage and stationery
Sundries
Carried forward |
2023
£
500
1,947
2
294,939
-
294,939
297,388
231,220
9,312
2,199
2,548
1,910
-
23,881
446
9,849
6,820
1,819
2,805
3,011
9,258
305,078
635
216
1,094
2,376
2,323
1,021
6,814 |
2022
£
170
5,093
10
303,590
713 |
|
|
304,303 |
|
|
309,576
216,905
14,498
2,663
1,792
1,970
1,705
17,831
1,117
8,637
5,716
2,415
2,730
1,931
11,634 |
|
|
291,544
635
261
1,094
2,697
1,387
849
6,027 |
This page does not form part of the statutory financial statements
Page 12
CLIFFE WOODS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023
Other
Brought forward
Subscriptions
Legal fees
Payroll software and HR
Governance costs
Accountancy fees
Total resources expended
Net (expenditure)/income |
2023
£
6,814
2,326
300
5,348
14,788
2,434
323,151
(25,763) |
2022
£
6,027
2,906
164
1,892 |
|
|
10,989
1,614 |
|
|
305,043 |
|
|
4,533 |
This page does not form part of the statutory financial statements
Page 13