REGISTERED COMPANY NUMBER: 05730064 (England and Wales) REGISTERED CHARITY NUMBER: 1118099 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for Whilley Community Pre4chool Buxton Accounting LLP Chartered Accountants 98 Middlewich Road Northwich Cheshire CW9 7DA
Whitley Community Pre-school Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees 1 to2 Statement of Trustees Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t010 Detsiled Ststement of Financial Activities 11
Whitley Community Pre&hool Report of the Trustees forthe Year Ended 31 March 2024 The trustees are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Praclice (SORP) 'Accounting and Reporting by Charitses, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05730064 (England and Wales) Registered Charity number 1118099 Registered offic• 98 Middlewich Road Northwch Cheshire CW9 7DA Trustses Miss A V F Swinden Mrs V L Brown Sales Manager Pre-school Manager Project Manager Taxi Driver Mrs S K Mcloughlin-Abrahams Mr L Ungureanu resigned 17.1 .24 appointed 12.9.23 Independent examiner David William Buxton FCA ICAEW Buxton Accounting LLP Chartered Accountants 98 Middlewich Road Northwich Cheshire CW9 7DA STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by Ihe Companies Act 2006. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Objectives and aims To enhance the development and education of children primarily under stslutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by 1. Offering appropriate play, education and care facilities and training courses, together wth the right of parents to take responsibility for and to become involved in the activiknes of such groups, ensuring that such groups offer opportuniknes for all ¢hildren whatever their race, culture, religion, means or ability; Encouraging the skndy of the needs of such children and their families and promoting public interest in and recognithon of such needs,. 3. Instigating and adhering to and fvrthering the aims and objects of Ihe pre-school leaming alliance. Page 1
Whitley Community Pre&hool Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Signrficant activities - Chairs Annual Report Admissions This financial year we have maintained a steady number of children on register and continue for this to be a focus for our preschool. As of December 2024, we have 12 on register to reknm in January, Staffing We currenty have 4 stsff members. Vicki remains our manager and we have had one staff member leave during this financial year. Willage Hall The preschool and ComMee continue to maintain a positive relationship with the Village Hall Committee. Fundraising Fundraising has continued during this financial year. Wthidey Rose Queen continues to be our main fvndraising income. We currenty share fvndraising opportunities with Friends of Whitley School and The Vlllage Hall Committee. The Committee The 2023-2024 committee.. Chair- Alex Swnden Treasurer- Laurentiu Ungureanu Further members- Eleanor Howse, Lauren Page, Izabela Ungureanu, Zoe Houghton The Committee continue to work alongside stsff to improve the preschool, focusing on admissions, advertising and fundraising. We have welcomed a new Treasurer to the team during this financial year. FINANCIAL REVIEW Reserves policy The charity has a policy of maintaining sufficient reserves to cover the salaries of employees and the running Costs of the chanty, should the pre-school be forced to close temporarily, or if the charity was to cease operations. As at the balance sheet date, the charity had reserves of£37,105 (2023: £34,711). Approved by order ofthe board oftrustees on 29 December 2024 and signed on its behalf by.. Mr L Ungureanu - Trustee Page 2
Whitley Community Pre&hool Statement of Trustees Responsibilities for the Year Ended 31 March 2024 The trustees (who are also the directors of Whrtley Community Pre-school for the purposes of company law) are responsible for preparing the Report of the Trustees and the finan¢ial ststements in accordance with applicable law and United lQngdom Accounting Standards (United Kingdom Generally Accepted Accounting Pradice). Company law 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 charitable company and of the incoming resources and application of resources, induding the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitsble account'ng policies and Ihen apply them consistenlly. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitsble company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posrtion of the charitable company and to enable them to ensure that the financial statements comply the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularibes. Page 3
Independent Examlner's Report to the Trustees of vthitley Communlty Pre-school I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages five toten. Responsibilities and basis of report As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation ofthe accounts in accordance with the requirements ofthe Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, I have examined your charity's accounts as required under section 145 of the Charities Act 2011 (Ihe Act?. In carying out my examination I have followed the Directions given by Ihe Charity Commission under section 145(5)(b) of the 2011 Acl. My role is to stste V*hether any material matters have come to my attention giving me cause to believe.. that accounting records were not kept as required by section 386 ofthe Companies Act 2006; or that the accounts do not accord with those records., or that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and prinLiples of the Charitses 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., or thatthere is furlher information needed for a proper understanding ofthe accounts. Independent examinerfs statement I have completed my examination and have no concems in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drahing to your attention. David William Buxton FCA ICAEW 8uxton Accounting LLP Chartered Accountants 98 Middlewich Road Northrych Cheshire CW9 7DA 29 December 2024 Page 4
Whitley Community Pre-school Statement of Financial Activities for the Year Ended 31 March 2024 2024 Unrestricted fund 2023 Total funds Notes INCOMING RESOURCES Incoming re$ources from generated funds Voluntary income Investment income Other incoming resources 16,999 384 46,009 19,987 144 38,333 Totsl incoming resources 63,392 58,464 RESOURCES EXPENDED Charitsble activities Operation of the pre-school 60.998 55,410 NET INCOMING RESOURCES 2,394 3,054 RECONCILIATION OF FUNDS T¢)tal lunds brought fornard 34,711 31,657 TOTAL FUNDS CARRIED FORWARD 37.106 34,711 The notes form part of these financial statements Page 5
Whitley Community Pre-school Balance Sheet At 31 March 2024 2024 Unrestricted fund 2023 Totsl funds Notes CURRENT ASSETS Cash at bank 37,105 34,711 NET CURRENT ASSETS 37,105 34,711 TOTAL ASSETS LESS CURRENT LIABILITIES 37,105 34,711 NET ASSETS 37,105 34,711 FUNDS Unrestricted funds 37,106 34,711 TOTAL FUNDS 37,105 34,711 The charitable company is entided to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance Véith Section 476 ofthe Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply wth Sections 386 and 387 ofthe Companies Act 2006 and preparing financial ststements 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 wtlh the requirements of Sections 394 and 395 and which otheTh¥ise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitsble company. (b) These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relab'ng to charitable small companies and with the Financial Reporting Standard for Smaller Entits'es (effective January 2015). The financial ststements were approved by the Board of Trustees on 29 December 2024 and were signed on its behalf by: Mr L Ungureanu -Trustee The notss form part of these financial statements Page 6
Whitley Community Pre-school Notes to the Financial Statements for the Year Ended 31 March 2024 CHARITY INFORMATION V¥hitley Community Pre-school is a private company limited by guarantee incorporated in England and Wales. The registered office is 98 Middlewich Road, Northwich, Cheshire, CW9 7DA. ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical Cost convention, and in accordance with the Financial Reporting Stsndard for Smaller Entities (effective 4)ril 2008), the Companies Act 2006 and the requirements of the Ststement of Recommended Practice, Accounting and Reporting by Charities. Exemption from preparing a cash flow statement Exemption has been taken from preparing a cash flow ststement on the grounds that the charitable company qualifies as a small charitable company. Incoming resource5 All incoming resources are induded on the Statement of Financial Activities vthen the charity is legally ents'lled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vlthere costs cannot be directly attributed to particular headings they have been allocated to aclivitses on a basis consistent 1th the use of resources. Taxation The charity is exempt from corporation tax on its charitsble activits'es. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustee8. Restricted funds can only be used for particular restricted purposes rythIn the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is induded in the notes to the Ilnancial ststements. Page 7
Whitley Community Pre-school Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POUCIES- continued Other accounting policie5 Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the fuknre payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortlsed cost, using the effective interest rate method. Trade credltors are obligations to pay for goods or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective intsrest method. Derecognition of financial liabilities Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. Employee benefits The Cost of any unused holiday entitlement 18 recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. INVESTMENT INCOME 2024 2023 Bank interest received 384 144 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 8
Whitley Communty Pre4chool Notes to the Financial Statements - continued forthe Year Ended 31 March 2024 STAFF COSTS 2024 2023 Wages and salaries Social se¢urty costs 45,017 3,396 46,168 352 48,413 46,520 The average monthly number of employees during the year was as follows: 2024 2023 Pre-school staff No employees received emoluments in excess of £60,000. MOVEMENT IN FUNDS Net movement in funds At 1.4.23 At 31.3.24 Unrestricted funds General fund 34,711 2,394 37,105 TOTAL FUNDS 34.711 2,394 37.106 Net movement in funds, included in the above are as follows: Incoming Resources resources expended Movement in funds Unrestricted funds General fund 63,392 160,998) 2,394 TOTAL FUNDS 63,392 160,998) 2,394 Comparatives for movement in funds Net movement in funds At 1.4.22 At 31.3.23 Unrestricted Funds General fund 31,657 3,054 34,711 TOTAL FUNDS 31,657 3,054 34,711 Page 9
Whitley Communty Pre-school Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds Unrestricted fvnds General fund 58,464 (55,410) 3,054 TOTAL FUNDS 58,464 (55,410) 3,054 A current year 12 months and prior year 12 months combined posrtion is as follov•E.' Net movement in funds At 1 A.22 At 313.24 Unrestricted funds General fund 31,657 37,105 TOTAL FUNDS 31.657 37,105 A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are as follows: Incoming Resources resources expended Movement in funds Unrestricted funds General fund 121,856 (116,408) 5,448 TOTAL FUNDS 121,856 (116,408) ULTIMATE CONTROLLING PARTY The charity is under the control of its members. CAPITAL Every member of the pre-school undertakes to pay such an amount as may be required not exceeding £1 towards the pre-schools assets should the pre-school be wound up while he, she or it remains a member or within one year when they ceased to be a member towards the costs of the dissolution and Ihe liabilitses Incrred by the pre-school while the contributor was a member. Page 10
Whitley Community Pre&hool Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 INCOMING RESOURCES Voluntsry income Fees Vouchers Fund raisers Toddlers Milk retum 8,910 6,989 962 10,586 7,239 1,563 375 224 138 16,999 19,987 Invesknent income Bank interest received 384 144 Other incoming resources Other income 46,009 38,333 Total incoming resources 63,392 58,464 RESOURCES EXPENDED Charitable activities Wages and salaries Payroll deductions Subscripi'ons and insurance Snack money Equipment and sundry 45,017 3,396 1,431 46,168 352 278 300 4,526 4,225 54,069 51,624 Support costs Other Rent 6,929 3,786 T¢)tal resources expended 60,998 55,410 Net income 2,394 3,054 This page does not form part of the statutory financia statements Page11