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Registered Company No: 05537796 Registered Charity No: 1112175 The Owl Pre-school Annual Report and Financial Statements for the year ended 31 July 2024
The Owl Pre-school Information Registered Charity Number 1112175 Company Number: 05537796 Registered Office: The Owl Pre-school Building Packham Road Northfleet Kent DAII 7JF Independent Examiner: K Scudder Secretary: P Hickmott Bankers: Santander and Nationwide Trustees: J Gooch (Chair) S Ewing P Hickmott L Gilbert L Read A Garnett B Reynolds L Flynn
The Owl Prechool Contents Page Trustees, report 14 Independent Examiner's report Statement of Financial Activities & Balance Sheet 54 Notes to the Accounts 7-11
The Owl Pre-school (Company Registration number 05537796) Trustees, Report For the year ended 31 July 2024 The trustees, who are also director5 of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (FRS 102). The company is registered as a charitable company limited by guarantee and is constituted by memorandum and articles of association incorporated 16 August 2005 as amended by special resolution dated 10 November 2016. STRucfuRE, GOVERNANCE, OBJEcfivES AND MANAGEMENT Objectives The objectives of the charity are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by: Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs. Instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance. Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Owl Pre-school (Company Registration number 05537796) Trustees, Report Continued For the year ended 31 July 2024 Public benefit In meeting the objectives of the charity The Owl Pre-school fulfils its public benefit requirement by providing the highest quality of care and education for all children and are committed to valuing diversity by providing equality of opportunity and anti~discriminatory practice for all children and their families. Appointment and Training of Trustees The trustees who have served during the year are set out above. The trustees are appointed by the members of the company and one third of the trustees retires by rotation each year and may offer themselves for re-election in accordance with the Articles of Association. The Trustees and directors The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: J Gooch (Chair) J Haile (resigned 10 Jan 2025) S Ewing L Read L Gilbert P Hickmott B Reynolds A Garnett L Flynn Risk Assessment The trustees have reviewed the risks and are confident that they have all risks covered with actions to minimise risk and exposure to the charity. ACTIVITIES, ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW Review of Developments, Activities and Achievements The Income and Expenditure Account Please see the attached. As in previous years we have continued to achieve a fairly sound financial position and have been able to continue to provide the security and quality of service standards, set by the management committee. Incomes Our main income is generated by Early Years Funding, a government scheme that provides funding for children aged 2 to 4 years. Some children that attend are not eligible for the funding scheme and pay a sessional fee until they reach the required age to receive the Early Years funding. We carry out large amounts of fundraising to cover any shortfalls and additional resources. consumables etc. We are also seeking donations and grants and this year we received a sizeable donation from the local authority. This enabled us to add a new storage shed and put towards the replacement of the perimeter fencing.
Ihe Owl Prtw (LMThpany RUMré1k 05SJIFknI Trusteos Report Continued For the year ended 31 July 2024 Expendltiire Rent and Buildings All repalrs to the biilldln8S Iirp thti fiTh%i)()Il%lLillily L)f tIILI Pi,SKIIKk)I, (Iir i)IK4idtfji4 IAiili h IJ 14 electrlclty, Wi)tc)r, tLIL'pI)Olle Ill)d Iiitill Ili't Ill IIiK'liiilvil Ivitlili) Ihli liarrAt, Wo own the bulldlnR, t)oWeIr K'¢. Iyl%rA the l.In(-I Irill-l) Killt Ciiiiiity Cc)Illli.iL allil Ili¢ kMI WAA Illi IIH renow,Il In AiibllJ%t 2024. WL, I)IlVI' 5.IVc'cl fi)r Il) l)IlW Iiiiit IiiciiMi diiil Ili# iiiviii# Illi# hi Ili• %14k-tti)ri, Tl)e bulldinR1s ovcir 30 ycljllA ()Iil 111)(I 11).Iliitvi)al)fi•41$ IK)rt i)1 rlLIT pl Irii)¢cl ¢llWllilinui Tho outdoor .Ireil Is In n(l¢Th(_I i)1 (Iy(IKillius I'spellally Ilio Iioiiiii#l#i I#iM'#I IV# di# Idvliw li) N41ilill• lh• fL'ncin8 i)nd m.)Ll Siife otli¢Ji' Ill tlill ()1 oiildi)()I' 11).i¢"v, I hv t)Iillilli)hl Ii'li)-Ililll; f61li_hèA Jll Th¢.it-I i ¢iil,iiliw, Il'* wlll cont Iii(Iv tn Iiiiidr,Il%p t n c(IVINf (1)15 lului e e.Ni)['liV, IK'¢J IIIK)IIIIK)I IIIV IlNiIiA I'iiili Ill Illlf Illiiiilliy Iiilli and l)Jve 11)ddL cI)&lllllb¢', % t() c)Iir siii)Iill¢ifi Ic) s,IW Illi)i)vii, SJliirlc•s We ciirrenl ly h.Iv-fl l ? n-i¢'i-IiL)('15 111 %ltrilf Illl(1 I Ii'i i) Iii)111 I I i)i)Ii Ai l¢1, MJlL4111ils uiid Cuiisuiiidlil(+ Ili'iii% We arc nlwny% l()()kliiA t(J Ii'iilil¢'¢l All(1 i)Iiii'liditJ Ililw I'illi)1111 diiil Viiiiliiiiii4111 lill Iliv Piv,&i Iiiiiil, Ivy IIIiIii I liv i?hi¢éiils1(>i rt v()Iiiiildi v ('()Iili Il)Iilli)11 l()Will'ili Ilijl fiiNI! ()t Iliil 11)trli_Kii (l[!iillli (-11-Iil ( jiiikli-14 111 IIKilli4 4111 81 is l!}lJP,IliLI Ill r!1 11111ts114U tsliillk-IildLI 0111 l!J[ji Iril"l.oliill, J 1411111 li
The Owl Pre~School (Company Registration number 05537796) INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE OWL PRE-SCHOOL For the year ended 31 July 2024 I report on the accounts of the Trust for the year ended 31 July 2024 which are set out on pages 5 to 11. Respertive responsibilities of trustees and examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charivs Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Att; follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: . which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met" or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. I have not obtained independent verification of all investments held in bank balances which are individually in excess of £50,000 (fifty thousand pounds) on the year-end date. K Scudder th 29 May 2025
The Owl Pre-school (Company Registration number 05537796) STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Notes Incoming Resources Donations & legacies Income from charitable activities Investment income Fundraising Other income 7,319 176,111 1,069 488 1895 186,882 8,043 151,036 296 947 1566 161,888 Resources Expended Expenditure on charitable activities 161584 152 133 161584 25,298 152 133 9,755 Net incoming resources/(resources expended) Net movement in fund Balance brought forward at l August 2023 Balance carried forward at 31 July 2024 25,298 9,755 83 640 73 885 The notes on pages 7 to 11 form an integral part of these financial statements
The Owl Pre-school (Company Registration number 05537796) BALANCE SHEEf AS AT 31 JULY 2024 2024 2023 Notes Fixed Assets 6,820 7,700 Current Assets Debtors Cash at bank and in hand 10 1,008 107 504 1,345 81772 108 512 115,332 83 117 90,817 Creditors: amounts falling due within one year 11 (6,394) (7,177) (6,394) (7,177) Net Assets 108 938 83 640 Financed by: Unrestricted Fund as at l August 2023 Add Surplus/(Deficit) from Revenue Account 15 83,640 73,885 25 298 9755 For the year ending 31 July 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit of its financial statements for the year ending 31 July 2024 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair viewof the state of affairs of the charitable company as at the end of each financial period and of its surplus or deficit for each financial period 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. These financial statements have been prepared in accordance with Section 398 of the Companies Act 2006 Section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. th Approved by the trustees on 29 May 2025 and signed on their behalf by Trustee: Trustee: J Gooch L Flynn
The Owl Pre-school (Company Registration number 05537796) NOTES TO THE AcCourS for the year ended 31 July 2024 Accounting Policies: Accounting Convention: 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 (FRS 102) (effective l January 2015) ~ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Owls Pre-school meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Reconciliation with previously Generally Accepted Accounting Prartice: In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 no restatement of comparative items was required. Incoming Resources: All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received. Resources Expended: All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities consistent with the resources. Fund Accounting: General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds are unrestricted funds which the trustees have designated for a specific purpose. There are no restricted funds. Fixed Assets: Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Computer Equipment - 20Yo reducing balance Plant & Machinery- 20% reducing balance Debtors: These relate to prepayments and accrued income. Creditors: These relate to other creditors, accruals and deferred income. Value Added Tax: Irrecoverable VAT which can be attributed to a capital item or revenue expenditure is added to the cost of the capital item or expenses where practicable and material.
The Owl Pre-school (Company Registration number 05537796) NOTES TO THE AcCourS for the year ended 31 July 2024 Donations and legacies 2024 2023 Donations Grant from KCC 3,319 4000 7319 8,043 8043 Income from charitable activities 2024 2023 Income from KCC Fees 166,399 9712 176 111 150,604 432 151036 Investment income 2024 2023 Bank interest received 1069 296 Fundraising 2024 2023 Raffles Photos 488 783 164 947 488 Other income 2024 2023 Snacks Uniform & water bottle sales 1.895 1.553 13 1566 1895
The Owl Pre-school (Company Registration number 05537796) NOTES TO THE ACCOUNTS for the year ended 31 July 2024 Analysis of charitable expenditure 2024 2023 Direct costs Wages and salaries costs Staff training and welfare Rent Rates Light and heat Telephone and fax Stationery and printing Subscriptions Insurance Software and IT costs Repairs and maintenance Snacks Funday event costs Communication Grant Sundry expenses Donations Depreciation charge Accountancy Fees Other legal and professional 7,610 131,930 1,170 2,000 9,272 121,961 2,219 2,000 2,102 1,350 1,303 2,610 1,451 1,073 1,887 1,910 1,894 124 2,849 720 2,060 1,194 1,784 1,194 331 786 907 70 253 1.250 599 152 133 1,705 1,270 232 161584 Analysis of Resources Expended 2024 2023 Resources expended include the following: Independent examiners fee 240 240
The Owl Pre-school (Company Registration number 05537796) NOTES TO THE ACCOUNTS for the year ended 31 July 2024 Fixed Assets Computer Equipment Plant & Machinery Total Cost At l August 2023 Additions At 31 July 2024 Depreciation At l August 2023 Charge for the year At 31 July 2024 Net Book Value At 31 July 2024 1,259 825 2084 7.230 8,489 826 9315 7230 669 283 952 120 1,422 1542 789 1,705 2494 1,132 5.688 6,820 At 31 July 2023 590 7,110 7,700 10 Debtors 2024 2023 Prepayments and accrued income 1008 1345 11 Creditors < l year 2024 2023 Other taxes and social security Other creditors and accruals 1,712 4682 6394 1,379 5798 7177 12 Trustee Remuneration Trustees do not receive remuneration for their services as trustees. 10
The Owl Pre-school (Company Registration number 05537796) NOTES TO THE ACCOUNTS for the year ended 31 July 2024 13 Trustees, Expenses Trustees received out of pocket expenses totalling £nil (2023: £nil). 14 Employee Emoluments 2024 2023 Wages and salaries Employers pension contributions 130,419 1510 131929 120,718 1243 121961 15 Reserves Unrestricted Funds 2024 Unrestricted Funds 2023 Balance at start of financial year Surplus/(Deficit) for the year Balance at close of financial year 83,640 25 298 108 938 73,885 9755 83 640 16 Related party transactions There are no related party transactions in the year. 17 Controlling interest The Trustees as a collective body control the charity. 18 Commitments The trustees had no capital commitments as at 31 July 2024 (2023: £nil).