Intake Pre-school
(Charity Number 1107400)
(Company Ltd by Guarantee Number 05235498)
Financial Statements for the year ended 31 August 2023
| Contents | Page |
|---|---|
| Legal and administrative information | 2 |
| Trustees' report | 3-4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8-10 |
Intake Pre-school Legal and administrative information
Trustees
Rebecca Horabine Carli Murten Jessica Rafferty Daniel White
Registered Office
Intake Pre-School Sharrard Drive Sheffield S12 2FB
Company number 05235498
Registered Charity number
1107400
Independent Examiner
Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL
Bank
Unity Trust Bank Nine Brindleyplace Birmingham B1 2HB
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Intake Pre-school
Trustees' report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements for the year ended 31 August 2023.
Structure, governance and management
The Charity is operated under the rules of its Memorandum and Articles of Association. It is a private company limited by guarantee and was incorporated on 20 September 2004. It is also a charity, and was registered 22 December 2004.
Overall management is the responsibility of the trustees who are elected and co-opted under the terms of the memorandum and articles. Day to day project activity is managed and carried out by paid staff.
New trustees are appointed by majority decision of the board. In doing so, the board seeks to ensure that an appropriate level of parent representation on the board is maintained.
Objectives and activities
These are to enhance the development and education of children under statutory school age by:
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offering appropriate play, education and care facilities
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encouraging the study of the needs of such children, and
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instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance
The company provides sessional care in accordance with Ofsted regulations, delivered under the direction of qualified and experienced staff.
In setting out the basic ground rules for admissions and activities, the directors have had regard to the Charity Commission's guidance on Public Benefit.
Achievements and performance
demand remains strong, with many sessions for the upcoming academic year already fully booked. The quality of care and education provided to our children remains our key priority and we continue to invest to improve the experience of our pupils. Inflationary pressures have impacted the charity this year, but we continue to strive to keep our prices as low as possible. We have now fully settled the loan relating to the purchase of the new building, which leaves the charity in a strong financial position.
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Intake Pre-school Trustees' report
Financial review
During the year, the charity generated net incoming resources of £17,818 (2022: £61,028). Total funds carried forward were £459,564 (2022: £441,746).
Reserves policy
The directors have decided that reserves should be developed and maintained at a level which ensures that the company's core activity could continue during a period of unforseen difficulty, and that a proportion of the reserves should be in a ready realisable form.
Trustees responsibilities for the financial statements
Company and charity law requires the trustees to prepare financial statements for each financial period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP FRS (102);
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make judgements and estimates that are reasonable and prudent.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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state whether applicable accounting standards of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees
are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
This report was approved by the Trustees on 30 May 2024 and is signed on their behalf by:
Daniel White Chairman
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Intake PrMch4)•1 Independent ExamlneVs report on the Accowts of Intake Pwchool for tho year ended 31 August 2023 I report on the accounts of the ct)mpany for the year ended 31 August 2023, wthich are set out on pages 6 to 9. Re8P8¢tive responsibllltles of trustegs and examiner The trustees (who are also the directots of the company for the pUOSe$ of company law} are responsible for the preparatn of the accounts. The trustees consider that an audrt is not required for this year under 144{2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. Having s8tigfied mysew that the charity is nol Subject to audtt under company law and is eligible for independent examination, f( is my responsibility lo.. examine the accounts under section 145 of the 2011 Act., lo follow the prOdureS laid d¢)wn in the general Directions gNen by the Charity Commtssion under section 14515){bl of the 2011 AGt', and to stste whether particular matters have come to my attentn. 8a81$ of Independent oxamlnef$ rgport My examination was carried out in accordance th the general Directions given by the Charty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes ¢onsideration of any unusual items or disclosu5 in the accounts, and seeking explanats'ons from you as trustees onceming any such matters. The procedijres undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is gwen as to whether the accounts present a Inje and fair vi* and the report is limited to those matters set out in the stslernent below_ Indepgndent •xamlnerf¥ ststement In connection with my examination. no matter has me to my attenb"on'. {1) which gives me asonable cause lo believe that in any mateiral respect the requirements.. to keep a¢counting cordS in accordan with section 386 ofthe Companies Act 2006., and to prepare accounts which accord wth the accounting records. comply with the accounting Tequiremenls of seGtion 396 of the Companies Act 20 and with the methods and principles of the Slalement of Recommended Practice.. Accounting and Reporting by Charities have not been met. or 121 lo which, in my of the accoLb pinion, attention should be drawn in order to enable a prop8r understanding ached. Signed.. Craig Williamson While Rose Ac¢ounting for Charities The Ghyll Threapland A$patria CA7 2EL Date-.
Intake Pre-school Statement of Financial Activities (incorporating Income & Expenditure account) for the year ended 31 August 2023
| Notes Incoming resources Grants 3 Fees and other funding Other income Total Incoming resources Resources expended Wages Premises costs Resources Training School trip Bank charges Registration & membership fees Accountancy Professional fees Loan interest Depreciation Other expenditure Total resources expended Net (outgoing)/incoming resources Total funds brought forward Total funds carried forward |
Restricted Funds £ - 8,960 - 8,960 8,960 - - - - - - - - - 10,900 - 19,860 (10,900) 213,900 203,000 |
Unrestricted Funds £ 212,855 59,144 16,214 288,213 204,417 24,047 16,902 2,385 390 582 35 150 4,047 983 4,879 680 259,495 28,718 227,846 256,564 |
Total 2023 £ 212,855 68,104 16,214 297,173 213,377 24,047 16,902 2,385 390 582 35 150 4,047 983 15,779 680 279,355 17,818 441,746 459,564 |
Total 2022 £ 214,505 60,837 20,901 |
|---|---|---|---|---|
| 296,243 | ||||
| 180,205 17,742 12,372 815 279 504 35 135 3,714 3,356 15,779 279 |
||||
| 235,215 | ||||
| 61,028 380,718 |
||||
| 441,746 |
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Intake Pre-school Balance Sheet as at 31 August 2023
| Notes Fixed Assets 5 Current assets Balance at bank Total current assets Creditors: amounts falling due within one year 2 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 2 Total net assets Represented By Funds Unrestricted funds 6 Restricted funds |
2023 £ 300,652 203,941 203,941 (45,029) 158,912 459,564 - 459,564 256,564 203,000 459,564 |
2022 £ 316,431 181,602 |
|---|---|---|
| 181,602 (56,287) |
||
| 125,315 441,746 - |
||
| 441,746 | ||
| 227,846 213,900 |
||
| 441,746 |
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities;
The members have not required the company to obtain an audit of its accounts 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 accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements are approved by the Board on 30 May 2024 and signed on its behalf by:
Daniel White Chair
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Intake Pre-school Notes to the financial statements for the year ended 31 August 2023
1 Accounting Policies
(a) Basis of preparation
The financial statements have been prepared in accordance with 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 (FRS102) and the Companies Act (2006)
The Charity meets the definition of a public benefit entity as defined under FRS102.
(b) Donations and fund accounting
Donations received for the general purposes of the charity are included as unrestricted funds
(c) Resources expended
Expenditure is included on an accruals basis.
(d) Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
(e) Restricted funds are to be used for specific purposes as laid down by the donor.
(f) Fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives, using the straight-line method. The rates applicable are:
Land and buildings - 10-25 years
2 Creditors; amounts falling due within one year
These are expenses that have been incurred but have not been billed or paid for during the accounting period. They are in respect of:
| Loans payable Deferred income Accruals |
2023 £ - 44,879 150 45,029 |
2022 £ 16,794 39,358 135 |
|---|---|---|
| 56,287 |
Amounts shown under loans payable are secured by a charge over the charity's land and buildings
| 3 Grants Unrestricted: Sheffield City Council- Nursery Education Grant |
2023 £ 212,855 212,855 |
2022 £ 214,505 |
|---|---|---|
| 214,505 |
| Movement in restricted funds Department for Education South Yorkshire Key Fund Awards for All Disability Access Funding Early Years Inclusion |
Brought Forward 178,920 28,980 6,000 - - 213,900 |
Incoming resources - - - 3,750 5,210 8,960 |
Resources expended (8,520) (1,380) (1,000) (3,750) (5,210) (19,860) |
At as 31 August 2023 170,400 27,600 5,000 0 0 |
|---|---|---|---|---|
| 203,000 |
South Yorkshire Key Fund and Department for Education represents funding towards the construction of new premises for the pre-school.
Awards for All represents funding for new outdoor play equipment
Disability Access Funding is additional funding received for places for children who receive disability living allowance.
Early Years Inclusion relates to top up funding received to enable preschool to enhance staffing rations for children with additional needs.
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Intake Pre-school
Notes to the financial statements
for the year ended 31 August 2023
4 Staff numbers and costs:-
| Wages and salaries Pensions |
2023 £ 206,302 7,074 213,377 |
2022 £ 170,622 4,922 |
|---|---|---|
| 175,544 |
The average number of monthly employees was 16 (2022: 18) No employees received emoluments in excess of £60,000 per year.
During the year trustees Carli Murten £16,334 (2022: £21,621) and Rebecca Horrabine £11,266 (2022: £10,342) received remuneration as employees of the preschool.
No trustees received reimbursement of out-of-pocket expenses.
5 Tangible Fixed Assets
| Cost As at 1 September 2022 Additions Transfers As at 31 August 2023 Accumulated depreciation As at 1 September 2022 Charge for the year As at 31 August 2023 As at 1 September 2022 As at 31 August 2023 |
Land and buildings £ 379,475 - - 379,475 63,044 15,779 78,823 332,210 300,652 |
Total £ 379,475 - - |
|---|---|---|
| 379,475 | ||
| 63,044 15,779 |
||
| 78,823 | ||
| 332,210 | ||
| 300,652 |
6 Analysis of net assets between funds
| Fund balances at 31 August 2023 were represented by: Tangible fixed assets Current assets Creditors due within one year Total net assets |
Unrestricted 97,652 203,941 (45,029) 256,564 |
Restricted 203,000 - - 203,000 |
Total 300,652 203,941 (45,029) |
|---|---|---|---|
| 459,564 |
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Intake Pre-school Notes to the financial statements
for the year ended 31 August 2023
7 Deferred income
| Deferred income | |
|---|---|
| Amounts brought forward Amounts deferred during the year Amounts released to income Deferred income carried forward |
2023 £ 39,358 44,879 (43,931) |
| 40,306 |
Deferred income relates to Department For Education funding received during August 2023 which related to the following academic year.
8 Related party transactions
There have been no related party transactions in the reporting period that require disclosure.
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