REGISTERED COMPANY NUMBER: 05995265 (England and Wales) REGISTERED CHARITY NUMBER: 1117961 Report of the Trustees and Financial Statements for the Year Ended 31 August 2024 for FETCHAM VILLAGE PRE-SCHOOL Russell & Co Station House Station Approach East Horsley Leatherhead SUeY KT24 6QX
FETCHALII VILLAGE PRF.-SCHOOL Contents of the Financial Statements for the Year Ended 31 August 2024 Page Report of the Trustees Independent Examin¢rls Report Slatement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activiti
FETCHAM VILLAGE PRE-SCHOOL Report of the Trustees for the Year Ended 31 August 2024 The trustees who are also directors 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 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing iheir accounts ID ¢i¢¢ordancc with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (fRS 102) (effective l JaDuary 2019). OWECTIVES AND ACTIVITJES Objectives and aims To provide for the developrnent and education of children primarily under stamtory school iigc. Significant activities The charity runs a pre-school for all day or just morning or just afternoon attendance, 38 weeks a year. ACHIEVEMFNT AND PERFORMANCE Charitable activities The charity took over the running of an existing pr¢-school from September 2006. The pre-school ran very successfully and at capacity benefiting over 90 local children aT]d thcir families before ihe Covid-19 pandemic. From November 2022. to meet a change in demand post the pandemic, the pre-school opened for full day sessions in addition to the morning or afternoon.Sin¢e this change the pre-school has been running at capacity and ihis is reflected in a substantial increase in income this financial year. Over 50 local children attend. The children are very happy at the pre-school and an Ofsted inspection in September 2019 assessed the setting as outstanding. When planning the activities of the charity, the trustees have due regard for the public benefit guidance published by the Charity Commission. FINANCIAL REVIEW Principal funding sources The principal source of funds is through the nursery education grant. The expenditure supports the salaries of high quality staff who provide the best pre-school education to meet the needs of young children. Reserves poliey The reserves at 31 gt August 2024 were £49,040. The trnstees aim to maintain reserves to fund redundancy payments in the unlikely event that the pre-school has to close and these were estimated to be £16,000 at 31 st August 2022. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Fetcham Village Pre-school is a company limited by guarantee wilh no share capital, and a registered charity governed by its Memorandum and Articles of Associdtion. It was incoryorated on 10 November 2006 in England and Wales and became a registered charity on 14th February 2007. Recruitment ad appointment of new trustees Three tnteeS are appoillted by Fetcham Villagc Infant School's governing body. Two trustees are elected by members of the charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05995265 (England and Wales) Registered Chv4rity number 1117961 Registered orrice School Lane Fetcham Surrey KT22 9JU Page I
FETCHAM VILLAGE PRE-SCHOOL Report ofthe Trustees for the Year Ended 31 August 2024 Trustees JPRLaw Ms L Rankine (resigned 20.9.23) fvlrs J Herbert Mrs L McHale Miss A De Jesus (resigned 20.9.23) S Sharp (appointed 20.9.23) Mrs A Sinclair (appointed 20.9.23) Independent Examiner Russell & Co ststion House Station Approach East Horsley Leatherhead Surrey KT24 6QX zr. L Approved by order of the board of trustees on ...................... and signed on its behalf by-. S Sharp - Trustee Page 2
Independent Examiner's Report to the Trusle¢s of Feteham Village Pre-school Independent examiner's report to the trustees of Feteham Village Pre-school ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustces of the Company (and also its directors for the purposes of company law) you are responsible for the preparation olthe accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself ihat the accounls of the Company are not required to be audited under Part 16 of the 2006 Act and aTe eligible for independent examination, I report in respect of my examination of YOUT charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In canying out my examination I have followed ih¢ Directions given by the Charity Comrni5sion under Section 145(5) (b) of the 201 l Act. Independent examiner's ststement I have completed my examination. I confirn] that no matters have rome to my attention in connertion with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and prirtciples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attentffton should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Russell Russell & Co Station House Station Approach East Horsley Leatherhead sU¢Y KT24 6QX Page 3
FETCHAM VILLAGE PRE-SCHOOL Statement of Financial Activities for the Year Ended 31 August 2024 2024 Unrestricted fund 2023 Total nds Notes INCOME AND ENDOWMENTS FROM Charitable activities Pre-school 197,098 182,929 Investment income 992 362 Total 198,090 183,291 EXPENDITURE ON Charitable activities Pre-school 173,706 164,590 NET INCOME 24J84 L8,701 RECONCILIATION OF FUNDS Total funds brought forward 24,656 5,955 TOT AL FUNDS CARRIED FORWARD 49,040 24,656 The notes form part of these financial statements Page 4
FETCHAM VILLAGE PRE-SCHOOL Balance Sheet 31 August 2024 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Cash at bank 46,466 25,734 CREDITORS Amounts falling due within one year 2,574 (1,078) NET CURRENT ASSETS 49,040 24,656 TOTAL ASSETS LESS CURRENT LIABILITIES 49,040 24,656 NET ASSETS 49,040 24,656 FUNDS Unrestricted thnds 49,040 24,656 TOTAL FUNDS 49,040 24,656 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain aTt audit of it5 financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The tStee$ acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year 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. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorlsed for issue Zf. Z. 2oW.r . and were signed on its behalf by: on arp . Trustee The notes forn] part of these financial statements Page 5
FETCHAM VILLAGE PRE-SCHOOL Notes to the Financial Statements for the Year Ended 31 August 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The fmancial statements of the charitable company, which is a public benefjt entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the histOTical cost convention. Income All income is recognised in the Staternent of Financial Activities ollce the charity entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or consts¢t1ve obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangrble fixed assets Depreciation is provkded at the following annual rates in order to write off each asset over Its estimated useful life. Equipment Computer equipment 200/0 on Cost 33)/o on cost Taxation The charity is exempt from corporation tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objeot5 of the charity. Restrictions arTse when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and pun)ose of each fund is included in the notes to the fmancial statements. Pension costs and other p05t-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable companys pension scherne are charged to the Staternent of Financial Activities in the period to which they relate. Page 6 continued...
FETCHAM VILLAGE PRE-SCHOOL Notes to the Financial Statements - eontinued for the Year Ended 31 August 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 992 362 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustee5' expenses There were no tnjstees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS 2024 2023 Wages and salaries Other pension costs 132,743 2,789 119,356 2284 135,532 121,640 The average monthly number of employees during the year was as follows.. 21124 2023 14 Part-time nursery stsff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fimd INCOME AND ENDOWMENTS FROM Charitable aetivirties Pre-school 182,929 Investment income 362 Total 183,29] EXPENDITURE ON Charitable activities Pre-school 164,590 NET INCOME 18,701 Page 7 continued.-.
FETCHAM VILLAGE PRE-SCHOOL Notes to the Financial Ststements- continued for the Year Ended 31 August 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted nd RECONCILIATION OF FUNDS Total funds brought forward 5,955 TOTAL FUNDS CARRIED FORWARD 24,656 TANGIBLE FIXED ASSETS Computer equipment Equipment Totals COST At I September 2023 and 31 August 2024 10,544 4,930 JS,474 DEPRECIATION At I Seplember 2023 and 31 August 2024 10,544 4,930 15,474 NET BOOK VALUE At 31 August 2024 At 31 AUg$t 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accru¢d expenscs 269 (3,393) 790 (301) 39 550 550 (2,574) 1,078 MOVEMENT IN FUNDS Net movevnent in funds At 31.8.24 At 1.9.23 Unrestricted funds Gencral fund 24,656 24J84 49,040 TOTAL FUIYDS 24,656 24,384 49,040 Page 8 continued..
FETCHAM VILLAGE PRE-SCHOOL Notes to the Financial Ststements- eontinued for the Year Ended 31 August 2024 MOVEMENT IN FUNDS - eontinued Net rnovement in fimds, included in the above are as follows: Incoming resource5 Resources exp¢nded Movement in funds Unrestricted funds General fund 198,090 (173,706) 24J84 TOTAL FUNDS 198,090 (173,706) 24?84 Comparatives for movement in funds Net movement in funds At 31.8.23 At 1.9.22 UDrestricted funds General fund 5,955 18,701 24,656 TOTAL FUNDS 5,955 18,701 24,656 Comparative net movement in nds, included in the above are as follows.. Incoming resources Resources expend¢d Movement in funds Unrestrieted funds General fund 183,291 (164,590) 18,701 TOTAL FUNDS 183.291 (164,590) 18,701 A current year 12 months and prior year 12 months combined position is as follows: Net movemcnt in funds At 31.8.24 At 1.9.22 Unrestricted funds General fund 5,955 43,085 49,040 TOTAL FUNDS 5,955 43,085 49,040 Page 9 continued...
FETCHAM VILLAGE PRE-SCHOOL Notes to the Financial Statements- continued for the Year Ended 31 August 2024 MOVEMENT IN FUNDS_ continued A cuffent year 12 months and PTior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 381,381 (33 8,296) 43,085 TOTAL FUNDS 381,381 (338,296) 43,085 RELATED PARTY DISCLOSURES There were no related party transactions for th¢ year ended 31 August 2024. Page 10
FETCHAM VILLAGE PRE-SCHOOL Detailed Statement of Financial Activities for the Year Ended 31 August 2024 2024 2023 INCOME AND ENDOWMENTS Investment income Deposit account interest 992 362 Charitable aetivities Fees (from parents) Other income Grants 29,640 23,921 143,537 19,602 22,737 140,590 197,098 182,929 Total incoming resources 198,090 183,291 EXPENDITURE Charitable activities Wages Pensions Rent & rates Supplies & equipment Utilities & cleaning Building Maintenance Administration costs Training CRB checks Insurance Outings Photocopying 132,743 2,789 11,563 7,216 8,619 986 3,667 1,741 215 857 1,189 674 119.356 2,284 10,886 6,799 8,339 8,268 3,655 929 162 736 1,079 665 172,259 163,158 Support costs Finance Bank Charges 60 60 Governance eosts Accountancy fees Administrative costs Other costs 550 789 48 550 774 48 1,387 1,372 Total resour¢es expended 173,706 164,590 Net income 24,384 18,701 This page does not forn] part of the statutory financial statements Pagell