## Devoran Pre-School (A company limited by guarantee) Charity No 1110868 Annual Report and Financial Statements 31-Aug-24 ## **Devoran Pre-School Administrative Details** ## **Charity name** ## **Charity registration number** ## **Company registreation number** ## **Trustees** ## **Independent Examiner** Devoran Pre-School 1110868 04867029 Danielle Pascoe Sonja Clay Nicola Sowerby Bethany Faulks Louise Foy Whyfield Limited Ground Floor, Building A Green Court Truro Business Park Threemilestone TR4 9LF ## **Devoran Pre-School** ## **Charity No 1110868** ## **Independent Examiner's Report** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act ## **Independent Examiners' Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 1. accounting records were not kept in accordance with section 130 of the Act or 2. the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Relevant professional qualification(s) or body (if any): Address: Whyfield Limited Ground Floor, Building A Green Court Truro Business Park Threemilestone Truro Cornwall TR4 9LF ## **Devoran Pre-School** ## **Charity No 1110868 Statement of Financial Activities for the year ended 31st August 2024** |Income
Total Income
Expenditure
Cost of charitable Activities
Net Income (Expenditure)
Fund Balances brought forward
Fund Balances carried forward|Unrestricted
Funds
139,072
139,072
123,294
123,294
15,778
36,212
51,990|Restricted
Funds
-
£
-
-
£
-
2,482
2,482|**2024**
**£**
139,072.38
139,072.38
123,294.49
123,294.49
15,777.89
38,694
54,472|**2023**
**£**
113,982
113,982
118,338
118,338
4,356
-
43,050
38,694| |---|---|---|---|---| ## **Devoran Pre-School** ## **Charity No 1110868** ## **Statement of Financial Activities for the year ended 31st August 2024** |**2024**
**£**
**Receipts**
Voluntary Income
2
-
Activities for generating funds
3
2,438
Investment Income
4
1,313
Incoming from charitable activities :
5
County Council Grant
84,054
Pre-School income
50,118
Other Income
150
Other Grant Income
1,000
139,072
**Payments**
Employment Costs
7
98,955
Accounting Software and IT costs (previously included In accounting fees+ admin fees)
Rent & Rates
8,023
Materials
1,634
Contractors
1,558
Legal Fees
35
Snack Expense
1,276
Lunch Expense
1,991
Training Costs
180
Professional Fees
836
Governance
-
Support Costs
8,806
123,294
**Support costs are allocated accordingly**
Administration
370
Postage and Delivery
677
Insurance
679
Depreciation
6
549
Telephone
636
Travel
42
Housekeeping
732
Utilities
4,402
Other Costs
720
8,806|**2023**
**£**
708
2,098
677
71,292
39,127
80
113,982
92,761
8,024
1,763
1,655
48
1,078
1,981
443
807
-
9,778
118,338
80
654
648
505
571
76
500
6,064
680
9,778| |---|---| ## **Devoran Pre-School Charity No 1110868** ## **Statement of Assets and Liabiliies at 31st August 2024** |**Fixed Assets**
Tangible Assets
9
**Current Assets**
10
Debtors
Cash at Bank
**Current Liabilities**
Creditotrs
Accrued Expenses
Income received in advance
**Net Current Assets**
Net Assets
**Funds**
Restricted Access
Unrestricted Access|540
71,879
72,419
558
-
3,027
-
15,763
-
19,348
-|**2024**
**£**
1,401
53,071
54,473
2,482
51,990
54,472|-
40,786
40,786
2,273.00
-
612.00
-
-
2,885.00
-|**2023**
**£**
793
37,901
38,694
2,482
36,212
38,694| |---|---|---|---|---| These financial Statements have been prepared in accrodance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for small entities. For the year ending 31/08/2024 the charitable company was entitted to exemption under section 477 of the Companies Act relating to small companies No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts. ## Danielle Pasoce Danielle Pasoce (Feb 13, 2025 12:46 GMT) Signed on behalf of the Trustees on > Dated : Feb 13, 2025 ## **Devoran Pre-School Charity No 1110868** ## **Notes to the accounts at 31st August 2024** ## **1. Accounting Policies** ## **Basis of Accounting** The charity constitutes a public benefit entity as defimed by IFRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended pratice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland. (IFRS102) issued on 16 July 2014 and updated by Update Bulletin 1 issued on 2 February 2016, the Charities Act 2011 and the Companies Act 2006. The financial statements have been prepared under the historical cost invention. ## **Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular activities they are classed as other Grants offered subject to conditions which have not been met at year end date are noted as a commitment but not accrued as expenditure. ## **Taxation** The charity is exempt from corporation tax on its charitable activities ## **Fund Accounting** The Unrestricted fund has arisen through general fundraising, unrestricted donations and surpluses from persuing the charity's activities. Restricted funds can only be used for particular restricted purposes within the objects of the charity, Restrictions can arise when specified by the donor or when funds are raised for particular restricted purposes. The costs of raising and administering such funds are charged against the specific funds. ## **Depreciation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Property Improvements 20% Straight Line Fixtures, Fittings and Equipment 25% Straight Line Plant and Equipment 25% Straight Line ## **Devoran Pre-School Charity No 1110868** ## **Notes to the accounts at 31st August 2024…continued** |**2. Voluntary Income**
Donations
**3. Activities for generating funds**
Fundraising Events
**4. Investment Income**
Interest from cash deposits
**5. Incoming Resources from charitable activities**
Country Council Grant
Pre-School fees
Pre-School fees - Snack fees
Pre-School fees - Extra Fees
Grant Income
Other Income|Unrestricted
84,054
50,118
-
-
1,000
150
135,322|Restricted
-|**2024**
**£**
-
-
2,438
2,438
1,313
1,313
84,054
50,118
-
-
1,000
150
135,322|**2023**
**£**
708
708
2,098
2,098
677
677
71,292
39,127
-
-
-
80
110,499| |---|---|---|---|---| ## **Devoran Pre-School Charity No 1110868** ## **Notes to the accounts at 31st August 2024…continued** |**6. Net Income**
Net income is stated after charging :
Depreciation
**7. Employee's Remuneration**
The average number of persons employed by the charity
during the year was as follows:
The aggregate cost of these persons were as follows:
Wages & Salaries
6.67% increase
No employee received emoluments of more than £60 000 during the year
**8. Taxation**
The charity's activities fall within the exemptions
provided by the provisions of the Income and
Corporations Taxes Act 1988. Accordingly there is no
taxation charge in these accounts.
**9. Tangible Fixed Assets**
Property
improvements
Fixtures,
fittings and
equipment
**Cost**
At 1 September 2023
3,223
5,510
Additions
At 31 August 2024
3,223
5,510
**Depreciation**
At 1 September 2023
3,223
5,510
Charge for the year
At 31 August 2024
3,223
5,510
Net Book value
At 31 August 2024
-
-
At 31 August 2023
-
-|**2024**
**£**
549
8
98,955
Plant &
Equipmet
14,005
1,156
15,161
13,211
549
13,760
1,401
793|**2023**
**£**
505
8
92,761
£
Total
22,738
22,738
21,944
549
22,493
1,401
793| |---|---|---| ## **Devoran Pre-School** ## **Charity No 1110868** ## **Notes to the accounts at 31st August 2024…continued** |**10. Current Assets**
Trade Debtors
Cash at bank - current account
Cash at Bank - savings account
Cash on Hand - Petty Cash
**11. Current Liabilities**
Amounts falling within 1 year
Accruals other
Accruals - Accounting
Trade Creditors
Income Received in advance for the 2024-2025 year from Cornwall Council|**2024**
**£**
540
39,670
32,048
161
72,419
2,415
612
558
15,763
19,348|**2023**
**£**
-
9,890
30,735
161
40,786
612
2,273
2,885| |---|---|---| ## **12. Members Liability** The charity is a private company limited by guarantee and consequently does not have any share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. |**13. Analyis of funds**
**General Funds**
Unrestricted Income Fund
**Restricted Funds**
Expansion Fund (**£341 Fixed assets)
Graduate Leader Fund
Every Child a Talker
Sustainability Grant
GLF Staff Training Funding
Total Funds
**14. Net assets by fund**
Tangible Assets
Current Assets
Current Liabilities
Net Assets|**As at**
**1 September**
**2023**
**Incoming**
**Resources**
**Resources**
**Expended**
36,212
139,072
123,294
-
341
-
1,000
1,141
-
2,482
-
-
38,694
139,072
123,294
-
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**2024**
£
£
£
1,401
1,401
69,937
2,482
72,419
19,348
-
19,348
-
51,991
2,482
54,473|**As at**
**31 August**
**2024**
51,990
341
-
1,000
1,141
-
2,482
54,472
**Total**
**2023**
£
793
40,786
2,885
-
38,694| |---|---|---| ## Updated Devoran Pre School Accounts YE 2024 Final Audit Report ## 2025-02-13 Created: 2025-02-11 By: Whyfield Limited (echosign@whyfield.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAyLqp9CXB_uFEb2DwqEXel5mvsYmD5TSn ## "Updated Devoran Pre School Accounts YE 2024" History - Document created by Whyfield Limited (echosign@whyfield.co.uk) 2025-02-11 - 14:54:13 GMT- IP address: 82.71.39.163 ## Document emailed to manager@devoranpreschool.co.uk for signature 2025-02-11 - 14:56:14 GMT - Email viewed by manager@devoranpreschool.co.uk 2025-02-13 - 12:38:29 GMT- IP address: 79.78.255.124 - manager@devoranpreschool.co.uk entered valid password assigned by the sender. 2025-02-13 - 12:43:18 GMT - Signer manager@devoranpreschool.co.uk entered name at signing as Danielle Pasoce 2025-02-13 - 12:46:20 GMT- IP address: 79.78.255.124 ## Document e-signed by Danielle Pasoce (manager@devoranpreschool.co.uk) Signature Date: 2025-02-13 - 12:46:22 GMT - Time Source: server- IP address: 79.78.255.124 ## Agreement completed. 2025-02-13 - 12:46:22 GMT