Company number Charity number 05709181 1114179 Riding Mill Pre School Limited Trustees Report and Financial Statements For the year ended 31 July 2024
Riding Mill Pre School Limited Content5 For the year ended 31 Jtsly 2024 Contents Pages Reference and administrative details Report of the Trustees Statement of Responsibility of the Trustees Independent examiner's report Statement of Financial Activities (incorporating the income and expenditure account) Statement of Flnancial Position io Note5 to the financial statements 11-17
R+ding Mill Pre School Limsted Reference and administrative details For the year ended 31 July 2024 Company number 05709181 Charity number 1114179 Registered office and operational addres5 Broomhaugh C of E First School, Church Lane, Riding Mill, Northumberland. NE44 6DR Trustees Trustees, who are also directors under company law, who Served the year and up to the date of this report were as follows: Carole Smith (Chairl Helen Ridley Isecretaryl Gemma Robinson IResigned 5 June 20241 Jennifer Stephen50n Alexandra Sarah Wade {Appointed 15 October 20221 Laura Gabbey-cristofini (Resigned 26 September 2024) Kathryn Davidson (Appointed 29 November 20231 Bankers Barclays Bank UK plc Scottish Widows (part of Lloyds Bank plcl Independent examiner Phil Wright, ACA East Rigg, Long Rigg, Riding Mill NE44 6AL
Riding Mill Pre School Limited Report of the Trustee5 For the year ended 31 July 2024 The Trustees preserkt their report and the independently examined financial statements for the year period ended 31 July 2024. This report incorporates the Directors, Report. Reference and administrative information set out on page 3 forms part of this report. The financial Statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice- Accounting and Reporting by Charities Icharities SORP FR5 1021. Structure overnance and mana ement The organi5ation is a charitable company limited by guèrantee, incorporated on 14 February 2006 and registered as a charity on 15 May 2006. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under ils articles of association. All Trustees give their time voluntarily and receive no benefits from the Charity. Any expenses reclaimed from the charity are set out in note 13 to the accoLtnts. The Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved ond the outcome of its work within the last twelve months. The Trustees report sets out the achievement5 of the charity and the benefits the charity has brought to those group5 of people that it is set up to help. The review also helps the Trustees ensure that the chority's aims, objectives and activities femain focused on its stated purposes. Ob'ertives and actlvities Riding Mill Pre-school Llmited is a registered charity that aims to enhance the development and education of children under the statutory school age by encouraging the parents to understand and provide for the needs of their children through community groups. It runs a pre-school for up to around 25 children from in and around Riding Mill, Northumberland. Ach5evement5 and erformance Perversely, this Annual Report is beginning with the end of the year. That is because we had a most wonderful event, in July 2024, celebrating the fact that the children in our first RMOP cohort were about to move on to Middle School. Around a hundred children, parents and friends were on site; there was music, pizza, lots of reminiscing and 3 super cake. It was a celebration of all that the RMOP community has achieved, this and every year. Back in September 2023, we opened with the usual small number of children who all coped well with some unseasonally wet and windy weather. The Friday Playgroup continued to be a success and boosted the numbers. Ortober brought the AGM- and we welcomed Kathryn Davidson as a new directorltrustee to the committee. There was also a family ceilidh - complete with guest singers and dancers- which added to the coffers. Fundraising remains very important as the cost of everything 5eem5 to rise every month. Leader Ruth led the annual Carolling Walk in December as the term came to an end with more unseasonal - this time quite balmy- weather.
Riding Mill Pre School Limited Report of the Trustees For the year ended 31 July 2024 Achievernents and erformance continued The Spring term brought a lot of mud - and the children loved it. They took part in the RSPB'S Big School's Birdwatch and particularly enjoyed watching the robins that often visit the site. Numbers rose steadily as the year progressed and all the usual activities continued, as did the fundraisinE. We organi5ed an Easter Treasure Walk for the village and also held a Quiz Night. We were grateful for donations from the Parish Council and Osbit Engineering. Everyone at RMOP is very appreciative of the interest and support that we receive from the village community. There were some adjustments to staffing over the year. Eleanor left us at Christmas, after fouryear5 at RMOP, to pursue a new career and deputy Ruth also left during the Spring term for pastures new. We were very fortunate to be able to replace these valued members of the team with equally well-qualified and motivated prattitioners; lona and Sammie have fitted in perfectly and so we still have, along with Leader Ruth, Ange and Maddy a really strong and talented team. Much of the committee's time this year has been spent discussing the renewal of our lease for the land at Broomhaugh First School. Last year, the governors agreed that RMOP could remain on the school 51te as a separate entity. However, it became clear during this year that the term5 of the existing lease would not be offered again and, after a long period of negotiations, RMOP has been granted a new lease, with different conditions. When this lease expires in July 2026, we shall be obliged to vacate the site. Clearly the campaign to find and fund an alternative 51te for preschool will be a major task in the coming months. Fund-raising events and grant application will be the focu5 once a new site is identified. With the continued support of parents and the community, we are optimistic that RMOP has a healthy future. Meanwhile, RMOP will continue to thrive at the current site. Child numbers are encouraging and, despite the ongoing increases in staffing and running costs. our income from funded and self-funding children should be sufficient to balance the books. In conclusion, I must compliment the whole team- staff, parents and committee- for helping to make RMOP the special place that it is. The volunteers on the Management Committee successfully juggle thelr various commitments to give freely of their time and I thank them for that. With the extra tasks that lie ahead, it would be great to welcome a couple more director/tru5tees to help spread the load. Please don't be shyl Financial review Full details of the charity's financial performance are set out from page 9 of the report. Total income for the ye3r was £64,694 with total expenditure of £71,083 in the period. The charity utilised opening funds to cover an overall net expenditure for the year of £6,389.
fiiding Mill Pre School rnited Report of the Trustees For the year ended 31 July 2024 ReseThes The Trustees have examined the ch3rity's requirements for reserves considering the main risks to the organisation. Trustees are committed to maintaining sufficient reserves to support current activities to meet the following requirements.. SafeEuarding the charity's service commitment in the event of reduction or delay in receipt of grants or other income. Providing a financial cushion against risk and future uncertainties. To this end, the Trustees review the level of reserves annually to ensure that the appropriate levels of reserve5 are maintained and that the Pre-school would be able to continue its provision for a period of 3 to 6 months without unnecessary disruption in the event of a delay or fall in grant funding. Tot31 unrestricted funds at the year-end were £23,269, These are represented by net current assets of £23,269. Trustee 5electlon method Trustee membership is open to anybody with an interest in the Riding Mill Pre-school and the development of its children at pre-school age. New trustees are recruited by existing Trustees and are typically parents of those children attending Riding Mill Pre-school. Trustees are either voted onto the committee at our Annual General Meeting or are co-opted onto the committee between Annual General Meetings. New Trustees must submit an application that meets Of5ted's requirements. Rlsk mana ement The Trustees have examined the major risks the charity faces and confirms that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. Volunteers The charity is grateful for the efforts of its volunteers who contribute greatly to the work of the organisation through carrying out administrative services, assisting at events and fundraising. Given the difficulty in placing a value on the time and effort given by our volunteers their impact is not reflected in our financial Statements. Signed on behalf of the Tru5tees'. Carole Smith, Chair Date:
Riding Mill Pre School Limited Report of the Trustees For the year ended 31 July 2024 Statement of Res onsibili of the Trustees Our Trustees (who are also director5 of Riding Mill Pre School Limited for the purposes of company lawl are responsible for preparing the report of the Trustees, and the financial Statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the Trustees to prepare financial statements lor each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 Charitie5 SORP,. Make judgements and estimates that are reasonable and prudent,. State whether applicable UK Accounting Standards and Statements of recommended practice have been followed, subject to any material departures disclosed and explained in Prepare the financial statement5 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responslble for safe8uarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irre8ularities. In 50 far as the Trustees are aware.. There is no relevant information of which the charity's independent examiner is unaware; and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantee5 at 31 July 2024 was 616 as at 31 July 20231. The Trustees are members of the charity but this entitle5 them only to votillg rights. The Trustees have no beneficial interest in the charity. Signed on behalf of the Tru5tees'. Carole Smith, Chalr Date:
Riding Mill Pre School Limited Independent examiner's report For the year ended 31 July 2024 I report on the accounts of the company for the period ended 31 july 2024, which are set out on pages 9 to 17. Respective responsibllltles of trustees and examlner The trustees Iwho are also the directors of the company for the purpose5 of company lawl are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for thi5 year under section 144 of the Charities Act 2011 (the 2011 Actl and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is ellglble for independent examination, It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the general Directions glven by the Charity Commission under section 14515llbl of the 2011 Act,. and to state whether partiCL4lar matters have come to my attentlon. Bas15 of Independent examiner's report My examination was carried out in accordance wlth the general Directlons given by the Charity Commlssion. An examlnation includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual item5 or di10$UreS in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedureg undertoken do not provide all the evidence that would be required n 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 examlnerfs statement In connection with my examination, no matter has come to my attention.. 111 Which gives me reasonable cause to believe that, In any materlal respect, the fequirements.. al to keep accolsnting records in accordance with section 386 of the Companles Act 2006; and bl to prepare accounts which accord with the accounting records, comply with the accounting requirement5 of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met- or 121 To which, in my opinion, attentlon should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed.. Independent exominer.. Phil Wright. ACA East Rlgg. Long Rigg Riding Mill Northumberland. NE44 6AL Date.. / /Kffi/fh4dnL Zo eJr
Riding Mill Pre School Limited Statement of Financial Activities lincorporating an income and expenditure account) For the year ended 31 July 2024 Year to 31 July 2024 Note Unrestricted Restricted Total Income from: Donations and legacies Charitable activities Investments: interest income 6,523 57,973 197 6,523 57,973 197 Total Sncome 64,694 64,694 Expenditure on: Raising funds Charitable activities 367 70,716 367 70,716 Total expendlture 71,083 71,083 Net expendlture for the year 16,3891 16,3891 Reconcillatlon of funds Total funds brought forward Net expenditure for the year 29,658 16,3891 29,658 16,389) Total funds carried forward 23,269 23,269 The above results are derived from continuing attivitie5. There are no recognised gain5 or1055es other than those stated above. Movements in funds are disc105ed in Note 12 to the financial statements. The notes on page5 11 to 17 form part of these financial statements.
RidTng Mill Pre School Mited Statement of Financial Position For the year e$7ded 31 July 2024 As at 31 July 2024 Total ore Flxed asset5 Tangible fixed assets Current A55ets Stock Debtors 167 Cash at bank and in hand 23,195 23,367 Llabilitles Creditors: amounts falling due within one year Jo 1981 Net current a55et5 23,269 Total assets less curTrnt liablllties 23,269 Creditors.. amounts falling due after more than one year Provisions for liabilities and charge5 Net a55ets 23.269 The fvnds of the charity Restricted funds Designated funds General Funds 23,269 Total Charlty funds 23,269 For the year ended 31 July 2024 the charltable company was entitled to eKemptSon under section 477 of the Companies Act 2006 relating to small companies. No members have required the charitable company to obtain an audit of its occounts for the year in question in accordance with section 476 of the Companie5 Act 2016. The trustees, who are directors of the charitable company under company law, acknowledge their responsibility for complyFng with the requirement5 of the Act with respect to accounting record5 and for the preparation of accounts. These accounts have been prepared in accordance with provisbon applicable to companies 5ubjert to the small companies, regime. The financial statements were approved by the Trustees and authorised for issue on J Allnd signed on their behalf by.. Carole Smith, Chair io
Riding Mill Pre School Limited Notes to the Financial Statement5 For the year ended 31 July 2024 Accounting policies al Basi5 of preparation The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151- (Charities SORP FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (August 20141 and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. bl Change in a¢counts presentation These financial Statements adopt an updated presentation style to demonstrate that the accounting policies required by FRS 102 and the Charities SORP FRS 102 have been applied. c) The Charity The charity is a company limited by guarantee. The members of the company are the Trustees named on page two. In the event of the charity being wound up. the liability in respect of the guarantee Is limited to £1 per member of the charity. In the opinion of the Trustees there is no ultimate controlling party. The Trustees consider that the charitable company meets the definition of a public benefit entity Lsnder FRS 102. d) Going concern The Trustees consider that there are no material uncertaintie5 about the charitable company's ability to continue as a going concern. There are no key judgements that the charitable cornpany has made which have a significant effect on the account5. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Expendlture Expenditure is accounted for on an accruals basis. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of di55eminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The charity is not registered for VAT. In common with many other charities, the Riding Mill Pre School Limited expenses are inflated by VAT which cannot be recovered. li
Riding Mill Pre School Limited Notes to the Financial Statements For the Year ended 31 July 2022 Accounting policies (continued) £1 Tangible fixed assets Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their experted useful lives on the following bases.. Furniture and fixtures 25% straight line h) Debtors Trade and other debtor5 are recognised at the Settlement amount due after any trade dlscount offered. 11 Cash at bank and In hand Cash at bank and cash in hand incltjdes cash and instant acces5 bank accounts. j) Creditors and provlsions Creditor5 and provisions 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 obligation can be measured or estimated reliably. Creditors and provisions are normally reco8nised at their settlement amount after allowing for any trade discounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reco8nised at transaction value and subsequently measured at their settlement value. L2
Riding Mill Pre School LTrmited Notes to the Flnancial Statements For the year ended 31 July 2024 Prior year comparatives tor the statement of financial artivitie5 Unrestri¢ted RestrTrrted Income from: Donations and legacie5 Charitable activities 3,899 38,841 66 58 Investments: interest income Other Total income 42,864 Expendlture on: Raising funds Charitable attivities Other 314 67,488 Total expendlture 67,803 Net expendSture for the year 124,9391 Re¢on¢lllatlon of fund5 Total funds brou8ht forward Net expenditure for the year 54,597 124,9391 Total funds carried forward 29,658 13
Riding Mill Pre School lirnited Notes to the Financial Statements For the year ended 31 july 2024 31 Jul 3 Income from charltable artivltles 2024 Uniestflcted Restricted Total The charitable activities of the Charity comprise the provision of pre-school education. Fee income Local council grant income 57,973 57,973 Total 57,973 57,973 4 Expenditure Provision of Govern8nte 31 Jul pre-school and support education Costs 2024 Total Staff costs 59,257 4,816 6,000 59,257 4,816 6,IXIO 643 Equipment and other expense5 Premises and office costs Insurance 643 70,073 643 70,716 14
Riding Mill Pre Schijol Limited Notes to the Financial Statements For the year ended 31 July 2024 S Net income for the year Net income tor the year is stated after charging accountant's fees of £nil12023 £nill. During the year no Trustees received any remtjneration or benefits. No Trustees received reimbursement of travel and subsistence expenses. 6 Staff costs and numbers Staff costs were as follows 31 Jul 2024 31 Jul 2023 Salaries and wages Social security costs Employer's contribution to defined contribution pension scheme5 58,001 729 805 59,535 51,076 1,669 1.180 53,925 No employee earned more than £60,000. The company makes contributions to a stakeholder defined contribution pension scheme for the benefit of the employees. The a55et5 of the scheme are administered by an independent pensions provider, NEST Pensions. 31 lul 2024 31 lul 2023 The average nL¢mber of employees during the period was as follows.. Number Number Direct charitable activities Support and governance 7 Taxation The charitable company is exempt from Corporation tax as all of its income is charitable and is applied for charitable purposes. 15
Riding MFII Pre School Limited Notes to the Fnancial Statements Forthe year ersded 31 July 2024 8 Tangible fixed assets Furniture and Equipment Total Cost At I Au8USt 2023 Additions Disposals 7,177 7,177 At 31 July 2024 7,177 7.177 Depreciation At l August 2023 Provided in the year Disposals 7,041 136 7.041 136 At 31 July 2024 7,177 7,177 Net book amount at 31 July 2024 Net book amount at 31 July 2023 136 136 31 Jul 2024 31Jul 2023 9 Debtors Other debtors 167 31 Jul 2024 31 lul 2023 10 Credltors: amounts falllng due withln one year Accruals 98 258 16
Ridin8 Mill Pre School Mited Notes to the Financial Statements For the year ended 31 July 2024 11 Analysis of net aet5 between funds General Designated Restricted Total fvnd5 unrestricted Tangible fixed assets Net current a55ets 23,269 23,269 23,269 23,269 12 Movements in funds At the start Incoming resources Outgoin8 resources At the end of the year Transfers of the year Restrlcted funds Unrestrlrted funds Designated funds General funds 29,658 64,694 171,0831 23,269 Total unrestrlrted funds 29,658 64,694 171,0831 23,269 Total funds 29,658 64,694 {71,083} 23,269 Purposes of designated funds.. no designated funds were held at the year end 13 Related party transactions During the year £147 was paid to Carole Smith and £65 paid to Jennifer Stephenson, both Trustees of the charity. The payments were the reimbursement of expenditure incurred on behalf of the charity. 17
Riding Mill Pre School Lirnited Management Information For the year ended 31 July 2024 Informatlon for Trustee/Commlttee Meeting 2024 2023 Recelpts Fees and grants Fundraising nterest received Other income 57,973 6,523 197 38,841 3,899 66 58 42,864 64,694 Payments Wages, Tax and Nl Rent 59.257 6,000 643 367 4,816 71,083 53,520 6,000 614 314 7.354 67,803 Insurance Fundraising Equipment and Other Expenses Defltlt of Income over expendlture 16,389) 124,939)