Charnock Richard Pre-school Limited by Guarantee 31 August 2024 Legal and Administrative Information The Directors / Trustees Steven Hughes Adele Calderbank Chair Vice Cha ir Secretary Zoe Cross Registered Charity Number 1105516 Company Number 04939225 Registered Office / Principle Address Parish Rooms Charter Lane Charnock Richard Chorley PR7 SNA Independent Examlner FPS Chartered Certified Accountants Levine House 233 Wlgan Road Ashton in Makerfleld Wigan WN4 9SL Bankers RBS 56 Market Street Chorley PR7 2SD
Charnock Richard Pre-school Company Limited by Guarantee 31 August 2024 Contents Page Trustees, annual report lincorporating the director's report) Independent Examiners, Report to the trustees Statement of Financial Activities (including income and expenditure account) Statement of financial position Notes to the financi31 statements 6t012
Charnock Richard Pre-school Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dirertor's Report) For the Year Ended 31 August 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial staternents of the charity for the year ended 31 August 2024. Reference and administrative details are provided on a separate information page at the front of these financial statements. Structurei govemance and management The charity is a company limited by guarantee. It was incorporated on 21 October 2003 and registered as a charity on 17 August 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members ofthe Management Committee are required to contribute £1 to the assets of the charitable company. The management committee, who are also the directors for the purpose of company law, and who served during the year were: Steven Hughes Adele Calderbank None of the management committee has any beneficial interest in the company. Under the Articles, the members of the management committee are elected at the Annual General Meeting to serve a period of one year, Subject to ratification at each Annual General Meering. The management committee meet regularly throughout the year to review the strategy, operatlons and performance of the charity. The management committee are fully responsible for the decision making process operated by the charity. Current members of the management committee are familiar with the practical work of the charity and their responsibilities and update training is provided when considered necessary. Additionally, new members of the management committee will be provided with appropriate training and induction. During the financial year the day to day dinancial management of the charity rested with Mrs B Hvghes. The management committee have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks.
Charnock Richard Pre-school Company Limited by Guarantee Trustees. Annual Report {continued) For the Year Ended 31 August 2024 Objective and Actlvitie5 The aims of the Pre-school are to enhance the developrnent and education of children, primarlity under statutory school age, by providing profesional early years, education and encouraging pants to undertsand, and provide for, the needs of their children thiough community groups and by.. al offering appropriate play. education and care facilities, family learning and extended hours 8IOUP5, together with the right of parent5 to tske responsibility for and to become involved in the actlvitles of such groups, ensurlng that opportunitles are offered for all the children whatevertheir race, culture, mean5 or abilitv.. bl encouragin£ the study of the Needs of such children, and thelr familles, and promoting public interesi in, and recgBnition of, such need5 in the local areas,. cl to raise funds. Pre-school operates not for profit and must relain compliant with section 4 of the Charities Act 2006, in that we have due regard to public benefit, as such the income of the Pre-school is applied solely towards the promoilon of these objectlVè5. The Pre-school vision Is"To be the best we can be" and Tn so doing provide a fun, happy and safe learnlng expe¥ience for all, where individulaitv Is respected and valued in everyone. A¢hlevements and Perfrrmance The Acadèmic year 3dmissions into the preschool remained very consistent with numbers, and are on par with the previous year. The commltment to advertising the preschool remained high on the a8enda along Wlth the on8Qlll8 good reputation ènd excellent word of mouth with in the local area. The new initiative ffom the government for worklng families has increased the admissions of funded 2 year olds which ha5 also helped increase the number of enquires for the preschool. The preschool has malntained a good staff to child ratio with no change in the numbers of staff; ongoing personal development trainin8 has been rnalntained within the staff team. The management and the commitlee team where fully aware and understood the nature ol the previous year fin3ncial loss, An Actlon plan was put in pla¢e i.e. only spending funds that where raised by the fundraising activitie5 and more Stringent control of staffin8 hours, this has enabled the preschool to be on a more stable rjrtancial footing and brin8 the figures out of a financial105s and Into small linancial gain. The preschool is committed to the fundr3isin8 throughout this year and will contlnuè with this gtructure In place for future investments or resources that maybe rneeded to aid the development of the children within the preschool. As ever the familles tsf the children have been extremely supportive in the fundraistng the preschool has done over the year and this will hopefully contlnue l am Sure 8olng Into future activities. Financlal Revlèw As shown in the statement of fsnaTrcial activltles LJn page 4, the net profit for the year arnounted to £4792. 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 that will ensure that if the Is any significant drop in fundin& the charity will be able to continue with its cufrent activities whilst ctsn5ideration is given to ways In which aéditional funds may be raised. The charity currently aims to malntaln lurnds at a level of three month5, expenditure. At year end ihe level was around 1.5 month5 expense5 due to required staffing level costs. The trustEes hope to revert reserves to a hi8her level in the curient accountlng year, and conflrm that funds have increased since year end. The management comrnittee, havlng regard to on80ing liquidity quirementS of the charity, have kept available funds In the bank cuirent account. Small company provision5 This report has been pepad in accordance with the provlsions applicable to companies eTrtitled to the small cornpanles exernprion. The trustees, annual report was approved on behalf of thè board of tru5tee5 by.. So ILt...i....zf...... and signed on Mr S Hughès Chair
Charnock Richard Pre-school Company Limited by Guarantee Independent Examiner's Report to the Trustees of Charnock Richard Pre-school Year ended 31 August 2024 I report to the charity trustees on my examination of ht eaccounts of the Company for year ended 31 August 2023 which are set out on pages 4 to 12. Respon5ibilitles and basis of report As the charity's trustees of the company Iwho are also the directors of the company for the purpose of company lawl you are responsible for the preparation of the accounts in accordance with the requirements ofthe Companies Act 20061"the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for indepondent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 Ithe 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006Qfj the accounts do not accord with such records,. or the accounts do not comply with relevant accountln8 requirements under section 396 of the Companies Act 2006 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 the accounts have not been prepared in accordance with the Charities SORP IFRS1021. 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. Date: Amanda Kershaw FCCA FPS Chartered Certified Accountants Levine House 233 Wigan Road Ashton-in-makerfield Wigan WN4 9SL
Charnock Richard Pre-school Company Limited by Guarantee Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 31 August 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Note INCOME AND ENDOWMENTS Donations and legacies Income from charitable activities Other trading activities Other income 43 4b 95,486 37,035 95,486 37,035 73,223 36,411 Total income 132,521 132,521 109,634 Expendlture Expenditure on raising funds: Costs of voluntary income Expenditure on charitable activities: Community activities Other expenditure 113.149 113,149 108,360 12,214 2,366 12,214 2,366 11,193 2,270 Total expenditure 127,729 127,729 121,823 Net income/(expenditure) and net movement in funds 4,792 4,792 112,1891 Total funds brought forward 9,858 9,858 22,047 Total funds carried forward 14,650 14,650 9,858 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5.
Charnock Richard Pre-school Company Limited by Guarantee Statement of Financial Position As At 31 August 2024 Note 2024 2023 FIXED ASSErs Tangible assets 12 2,264 2,829 CURREf+rf ASSETS Debtors Cash at bank and in hand 13 232 44,502 44,734 494 8,607 9,101 Creditors: amounts falling due wlthln one year 14 132,3481 12,0721 Net current assets 12,386 7.029 Net Assets 14,650 9,858 Funds of the Charlty Unrestricted funds Restricted funds 17 16 14,650 9,858 Total charity funds 14,650 9,858 For the financial year ended 31 August 2022 the company was entitled to exemption from audit under Section 477 Companies Act 2006 relating to small companies. Direttors, responsibilities The members have not requlred the charity to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin8 records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These on .... nancial statements were approved by the board of trustees and authori5ed for issue .and are signed on behalf of the board by: Mr S Hughes
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 l General information The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office Parish Rooms, Charter Lane, Charnock Richard, Chorley PR7 SNA. 2 Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the U K and the Republic of Ireland,, the 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 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. 3 Accounting Policies 3.1 Basis of Preparation The accounts have been prepared on the historlcal cost basis, as modified by the revaluation of certain f inancial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling which is the functional currency of the entity. 3.2 Golng concern There are no material uncertainties about the charity's ability to continue. 3.3 Fund accounting Unrestrirted funds are available for use at the dlscretion of the trustees to further any of the charity's purposes. Designated funds are restricted funds earmarked by the trustees for particular future projects or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes, restricted income funds or endowment funds. 3.4 Incomin8 Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits a550ciated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policSes are applied to particular categories of income.. Income from donations or grants 15 recognised when there is evidence of entitlement to the gift, receipt is probèble and its amount can be measured reliably. Legacy income is reco8nised when receipt is probable and entitlement established. Income from donated goods at the fair values of the goods unless thi5 15 impractical to measure reliably* in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. Thi5 is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 3.5 Resources Expended Expenditure is reco8nised on an accrua15 basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates. Expenditure on raising fund5 Inclijdes the costs of all fundraising activities, events, non-charitable tradinE activities and the sale of donated goods. Expenditure on charitable activities includes all cost5 incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activitles. Other expenditure includes all expenditure that is neither related to raisin8 funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent ba515. 3.6 Depreciation Depreciation is calculated 50 to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Office Equipment 20% per annum reducing balance basis 3.7 Penslons The pension costs charged in the accounts represent the contributions payable by the charity during the year, 3.8 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts etc. 3.9 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 3.1 Creditors and Provlslons Creditors and provision are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obliBation can be neasured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 3.11 Financial Instruments The trust only has financial assets and financial liabilties of a kind that qualify as basic financial instruments. Basic f inancial instruments are initially recogni5ed at transaction value and subequently measured at their settlement value with the exception of bank108ns which are subsequently measured at amortised cost using the effective interest method.
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 4" Donations and Legacies 2024 2023 Donations 4b Income from charitsble artivitie5 2024 2023 Local government grants Other grants 95486 73223 95486 73223 5 Other Tradlng Artlvltles 2024 2024 Fees Fundraisin8 34582 2453 34935 1476 37035 36411 6 Other incoming resources 2024 2023 Miscellaneous income
Charnock Richard Pre-schol Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 7 Costs of voluntary income Total Total 2024 2023 Staff costs Rent Insurance Dance 101626 10640 567 316 100330 7093 542 395 113149 108360 8 Communlty artivities 2024 2023 Pension costs Training Refreshments Fees and subscriptions Play materials and resources Fundraising costs Repairs and IT costs Postage and stationery Telephone Advertising Hlre char8e5 Depreciation Bank charges Consultancy Fees Sundry expenses 1236 373 2316 847 998 2453 560 778 333 1167 1275 1813 1599 543 1473 626 316 203 205 707 233 192 841 215 565 243 481 816 12214 11193 9 Other expenditure 2024 2023 Independent Examiner's fees 2366 2270
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 io 10 Employoes 2024 2023 Number of employees The average monthly number of employees durinB the yearwas: Administration Nursery workers Employment costs 2024 2023 Wages and salaries Pension costs 101626 1236 100330 1167 102862 101497 There were no employees whose remuneration was £60000 or more, 11 Taxation The charitable cornpany is exempt from corporation tax on its charitable activitie5. 12 Tangible Fixed Assets Plant & Equpt Total Cost At I September 2023 Addltions At 31 August 2024 7306 7306 7306 7306 Depreciatlon At I September 2023 Charge for the year 4477 565 4477 565 At 31 August 2024 5042 5042 Net book value At 31 August 2024 2264 2264 At 31 August 2023 2829 2829
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 li 13 Debtors 2024 2023 Trade debtors 232 494 14 Credltors due within one year 2024 2023 Accruals and deferred income Paye / Nic 31727 621 1434 638 32348 2072 15 Share capital The charity has no share capital being a company limited by guarantee. Each member guarantees to contribute an amount not exceedlng £1 In the event of a winding up situation. 16 Restrlrted Funds The charity had no restricted funds in the year.
Charnock Richard Pre-school Company Limited by Guarantee Notes to the Accounts For the Year Ended 31 August 2024 12 17 Analysis of movements in unrestricted funds General fund Balance I September 2023 Incoming resources Resources expenses 9858 132521 .127729 Balance 31 August 2023 14650 18 Analysis of net assets between funds UniÈstri- Restrirted Total cted Funds Funds Fund balances at 31 August 20223are represented by: Tangible fixed assets Current assets Creditors: amounts falling due within one year 2264 44734 -32348 2264 44734 -32348 14650 14650