## 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
2
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:
- offering appropriate play, education and care facilities
- encouraging the study of the needs of such children, and
- 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.
3
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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP FRS (102);
- make judgements and estimates that are reasonable and prudent.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
- 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
4
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
7
## 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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