REGISTERED COMPANY NUMBER: 06051213 (England and Wale5) REGISTERED CHARITY NUMBER: 1118154 Report of the Trns¢ees and Unaudited Financial Statements for the Year Ended 31st August 2024 for STOCKS GREEN PRE-SCHOOL
STOCKS GREEN PRE-SCHOOL Contents of the Financial Statements FOR THE YEAR ENDED 31ST AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Stgtement of Financial Activities Balance Sheet 6 to 7 Notes to the Financial Statements 8 to 14 Detailed Statement of Financial Aetiiryties 15 to 16
STOCKS GREEN PRE-SCHOOL (REGISTERED NUMBER: 116051213) Report of the Trustees FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees who are also directors of the charity for the purtK)ses of the Companies A 2(M)6, present their rewrt with the financial statements of the charity for the year ended 31 st August 2024. The trustees haNe adopted the provisions of Accounting and Reporting by Charities-. Statement of Recommcnded Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OKJECTIVES AND ACTIVITIES Objectives and aCtitieS The company's objectives are to advance the education of children below compulsory school age by providing safe and satisfying group play in which parents have the right to take part, encouraging oiher charitable activities through which parents may help the children and furthering the aims of the Pre-school Learning Alliance. The company's activities in relation to these objectives are to provide accommodation, equipment and staff; raise money to pay for the company's aclivities; make such paytnents as shall be necessary. fLX and colled fees payable in respect of children attcnding groups run by thc company; control admission of childTcn to sessions and if appmpriate Tequire parents to withdraw thcni and to be a mcmber of the Prc-5chLKyI LcaTning Alliancc. Publie benefit The trustees considcr that thc charity is a public bencfil cntity. Thcy hai'e con]plied ThTiih the duty in section 17 (5) of the 2011 Charities Act to have due rcgard to thc Charitle5 Commission's guidance on Public Benefit when developing and implcmenting ihe charity's objects and ain]5. {Sec Objcctives aTJd Activitics above). ACHIEVEMENT AND PERFoRLICE Therc was a deficit for the ycar an]ounting to £15,888 {2023: deficit of £1 1,333) which has directly impacted the General Fund. During the year, donations of £4,853 weTC re1Ved {2023: £6,(K)8). Total income from fundraising activities for the year was £1.222 (2023: £1.2W}. Due to the deficit in the current year, the trustees continue to recognise the need for ongoing funding and fundraising activities. As such the charity will continue to hold out a range of fundraising activities and events lo raise further funds. Several fixed assets have come the end of their estimated uselul life and are now shown in Ihe fmancial statements as fully depreciated The tnleeS will ensure thai remain fit lor purpose or will othernise invest in replacements for these assets. Inveslmeni has been made in improvements to propeity in Ihe Yar 10 ensure the charity remains best able lo caler to the needs ol both ils own slaff and Ihe children in its care. The Inlee5 remain commitled 10 improi'ing the quality of pre-school education the charity proi'ides and will continue to make any necessary ini'estments of the charity's resources in order to achieve this. The charity is dqndt on parents in the ¢ommunity chiM)sing to bring their ¢hildr¢n for pre-school education, and as such the trustees consider it of vital importance to retain a strong reputation and a close relationship with the community it serves. While a deficit was experienced in the current year which i5 not within the aims of the charity's reserves policy, the charity will continue to invest in its future activities and believe they will be receiiTing the benefit of such past investments in the future. FINANCLIL REVIEW Principal funding sources and expenditure The company's principal sources of income are government funding, fees from parents and fundraising in the I(al ¢ommunity. The main puSeS of expenditure in the year was to cover staff salaries and training, for building maintenance, and for other operating costs. These costs are directly attributable to the pre-schools operations. Page I
STOCKS GREEN PRE-SCHOOL (REGISTERED NUMBER: 116051213) Report of the Trustees FOR THE YEAR ENDED 31ST AUGUST 2024 FINANCIAL REVIEW Reserves policy The chariiy seeks to hold sufficient unrestricted reserves to prolect against the effects of any unforeseen variations in its income streams as part of a policy of g(h)d financial management prdctice. The charity also intends to eventually replace the pre-sch(K)I building and has a Building Replacement Fund to this end Currently charity holds unrestricted reserves totalling £73,642 (2023..£89.530) and ex¢1$ this to increase in future periods to levels sufficient for the charity lo achieve its aforementioned intentions. The charity's reserves policy is to hold 3 months of operdting expenditure as well as additional fi]nds for small repairs jobs or redundancies. For the year£nded 3 1st August 2024 this equates to approximately £40,000. Along with this the charity also holds funds for the building replacement which stands at £40.000. This brings total expected reserves to around £80,(K)O. The level of free reserves, being general funds les5 the net IK>ok value of fjxed assets amounts to £62,575 {2023.. £81,939). The charity will conlinue to build reserves so that this is in line 1th the reserves policy through various fundraising activities and cvcnts such as rnffle5, sn50rCd walking marnthon5 and sununer and Christmas fairs. The trusiees meet to discuss financial infomation once pre-school tenn, so meet a total of six tin]es duTing the course of the financial year. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing documellt The charity is controlled by its governing documenL a deed of trust. and constitutes a limited company, limited by guarantee, as defjned by the Companies Act 26. Organisational 5trueture The day-to-day running of the school is managcd by Amanda Morgan, assi5tcd by the school staff and by an elected committee of parents. The appointcd dircctors takc into considcration the guidance from the Charity Cominission about public benefit and whai charity directo should consider in order to show that their chaTity's aims are for thc public benefit. New directors are invited to their p)sition by asking cumt parents of children at the pre-sch(rf)I to volunteer to take on a role when a role becomes available. If appropriate, a new director gets a consultation with the existing conllnittee at the time of their appointment. New directors are m¥e aware of their responsibilities, administrative pn)cedures and the objectives of the charity. The directors have assessed the major risks lo which the company is exposed and consider that there are sutTicient safeguards in place to miiigate those risks. Risk management The trusiees have a duty to ideniily and re.le" the risks lo which the charity is exposed and to ensure appropriate controls are in place lo prok'ide reasonable assurance against fraud and error. The InleeS ha'e ensured that such controls are in place, and consider Ihal ihe charity has minimal exwsure io price risk, credil risk, liquidity risk and cash flow risk. REFERENCE AND ADMtNISTRATtVE DETAILS Registered Compallv number 06051213 (England and Wales) Registered Charity, number 1118154 Page 2
STOCKS GREEN PRE-SCHOOL (REGISTERED NUMBER: 116051213) Report of the Trustees FOR THE YEAR ENDED 31ST AUGUST 2024 Registered office Leigh Road Hildenborough Tonbridge Kent TNII 9AE Trustees Charlotte Sinclair (resigned 20.9.23) Emily Cosgrove Erin Florendine (resigned I1.9.23) Elizabeth Ann Griffin (resigned 22.5.24) Rachcl Hall Charlottc Louise (Ivenell {appointed 4.10.24) Neil Haggart (aptK)inted 7.9.23) (resigned 6.6.24) Michaella Bull {appointcd 4.10.241 Adelinc June Fouchc (apw)inted 8.11.24) Derek Simon Fouchc (appointcd 4.10.24) Martin Andrew Hall {appointed 4.10.24) Independent Examiner Hilden Park Accountants Limitcd Hilden Park House 79 Tonbtidge Road Hildenborough Tonbridge Kent TNII 9BH Bankers Natwesl Bank plc High Sireel Tonbridge Kenl TN9 IDE This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of trnstees on 29th May 2025 and signed on its behalf by.. Rachel Hall - Trustee Page 3
Independent Examiner's Report to the Trustee5 of Sto¢k5 Green Pre-school (Registered number: 116051213) Independent examiner's report to the trustees of Stocks Green Pre•School ('the Comp3nTr') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st August 2024. Responsibilities and basis of report As the charity's tnjstees of the Company (and also its directors for the pllrp( of company law) you are responsible for the preparation of the accounts in accordance '1th the requirements of the Companies A 2006 ('the 2(K)6 Act'}- Having satisfied myself that the accounts of the Company are not required io be audited under Part 16 of the 2006 Act and are eligible for independent examination, I retrt)rt in respect of my examination of your charity's accounts as carried out under Section 145 of ihe Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed the Directions given by the Clwity Commission under Section 145(51 (b) of the 2011 Act. Independent examiller's statement I have completed my examination. I cOnfM that no matters have come to my attention in connection with the examinatioti 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 Ihe accounts do not accord with th05c records- or Ihe accounts do not comply with thc accounting requirements of Section 396 of the 2006 Act other than any requirement that thc aecounts givc a ttuc and fair vicw which is not a matter considcred as part of an independent examination; or the accounts have not been prewdied in accoidance with the methods and principles of the Statement of Recommended Practice for accounting and reponing by chariiies (applicable lo charities preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have corne across no other matters in conneclion with the examination lo which attention should be drawi in this report in order lo enable a proper understsnding of the accounts to be reached. Paul Chewter FCA Hilden Park Accountsnts Limited Hilden Park House 79 Tonbridge Road Hildenboiough Tonbridge Kent TNII 9BH 3rd June 2025 Page 4
STOCKS GREEN PRE-SCHOOL Statement of Financial Activities FOR THE YEAR ENDED 31ST AUGUST 2024 2024 Unrestricted funds 2023 Total nds Notes INCOME AND ELYDowMETs FROM Donations and legacies 4,853 6,008 Charitable altieS Pre-school 115,699 84,001 Other trading aclivities Investment income 1,222 ,877 624 TotAI 122,635 92,510 EXPENDITURE ON Raising funds 334 Charitable aCtitieS Pre-school 138,523 103,509 TotAI 138,523 103,843 NET INCOMEI{EXPEI%DITURE) (15,888) (11,333) RECONCILIATtON OF FUNDS Total funds brought fonvard 89WO l (N),863 TOTAL FUNDS CARRIED FORW'ARD 73,642 89,530 COIYTIIYUING OPERATIONS All incoTning resourccs and resouTces expended arise from continuing activities and there are no gains OT losses otheT than those showi] above. The notes fonn part of these financial statements Page 5
STOCKS GREEN PRE-SCHOOL (REGISTERED NUMBER: 116051213) Balance.Sheet 31ST AUGUST 2024 2024 Unrestricted funds 2023 Total nds Notes FIXED ASSETS Tangible assets 11,067 7,591 CURRENT ASSETS Debtors Cash at bank and in hand 12 9,147 57,434 83,444 66,581 83,444 CREDITORS Amounts falling due within one year 13 (4,006) (1,505) NET CURRENT ASSETS 62,575 81,939 TOTAI, ASSF.TS LESS CURRENT LIABILITIES 73,642 89,530 NET ASSETS 73,642 89,530 FUNDS Unrestricted ndS 14 73,642 89,530 TOTAL FUNDS 73,642 89,530 The charitable Company is entiiled to exevnption from audit under Section 477 of the CompaT]ies Act 21)06 for the year ended 3 1st August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 3 1st August 2024 in accordance with Section 476 of the Companies Act 2(X)6. The tnleeS acknowledge their responsibilities for (a) ensuring ihat the charitable company keeps accounting records Ihat comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statemenls which give a lrne and fair view of the srate 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 oiherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fonn part of these financial statements Page 6 continued...
STOCKS GREEN PRE-SCHOOL (REGISTERED NUMBER: 116051213) Balance.Sheet- continued 31ST AUGUST 2024 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 authorised for issue on 29th May 2025 and were signed on its behalf by.. Rachel Hall - Trustee The notes fonn part of these financial statements Page 7
STOCKS GREEN PRE-SCHOOL Notes to the Financial Statement5 FOR THE YEAR ENDED 31ST AUGUST 2024 STATUTORY INFORMATION Stocks Green Pre-school constitutes a charitable company, limited by guarantee, registered in England and Wales. The companvs registered number, registered charity number and regisiered office addre.ss can be found in the Report of the Tte¢s. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance '1th the Chan"ties SORP (FRS 102) 'Accounting and Rep)rting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effedive l January 2019),, Financial Reporting Standard 102 'The Financial RetK)rting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2(K)6. The financial statements haTre been prepared under the historical cost convention. The financial 5taternents are presented in tKyunds sterling and rounded to the nearest pound. Stocks Green Pre-school mcets thc definition of a public benefit eiitity under FRS 102. There is no matcri&l uncertainty rcgarding going concern as at either the balance Sheet date OT the signing date of the financial statements. Income Incotnc from donation5 and grants, i5 includcd in inconie when the charity is entitled to the funds, the receipt is probable, and ihe amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a fonnal offer letter is made in HTiting. unless the ant contacts tem]s and conditions outside of the charity's control which must be met before the charity is entitled to the funds. Where such conditions exist, the income is deferred until those periods. Income from charitable activilies relaS to the pre-sch(N)I fees and are recognised over the period to which they relate. Income from other Irading activilies is recognised in the lod in which it is receivable. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or consttuctive obligation committing the chariiy to thal expenditure, it is probable thai a transfer of economic benefits 11] be required in seiilemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that awgate all cost related to the category. The charity has one charitable activity (provision of pre-sch(K)I services) to which direct and support costs are all(Kated. Support costs are those functions that a&sist the work of the charity but do not directly relate to the charitsble activity, and include governance costs. Governance cosls comprise all costs involving the public accountability of the charity and its compliance with regulations and g(K)d practice. Tallgible red assets Individual fixcd assets costing £l,O¢X) or niore are capitalised at cost. Assets are regularly reviewed for impairnient and any impairtnent losses are included with the annual charge for depreciation in the year the impairtnent is identified. Page 8 continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 ACCOUNTING POLICIES- continued Tangible fixed assets Tangible assets are stated at cost less depreciation. Depreciation is provided at rdtes calculated to write off the cost less estimated residual value of each asset over its eXpted usefi]I life. as follows: Freehold prop¢ty Improvements to propety Straight line over 20 years Straight line over 5 years Taxation The charity is exempt from corp)rdtion tax on its charitable activities. Fund accounting Unrestricted fw)ds can be used in accordance with the charitable objectives at the discretion of the tntees. Restricted funds can only be used for particular restricted PUTtrt)ses MTithin the objects of the Charity. Restrictions arise when sp¢cified by the donor or when funds are rdised for particular restricted purposes. Designated funds are set aside by the Council of Management out of unrestricted general fL]nds for specific future purtmises. Reallocation of money between unrestricted funds require5 the agreement of a majority of the trustees. Further explanation of the nature and puttKyse of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension Scheme. Contributions payable to the charitable companys pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Capital grant5 Capital grants are taken lo a designated fund on receipt and released to the general fund over the useful life of the asset coticerned of 5 years, comniencing when the asset is fjrst put into use. OTHER TRADING ACTIVITIES 2024 2023 Fundraising activities (hher income 1,222 1,290 587 1,222 1,877 Page 9 continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 861 624 INCOME FROM CHAIUTABLE ACTMTIES 2024 2023 Activity Vouchers & governmenl funding Fees & dcposits Pre-school Pre-Schi)ol 63J38 52J61 52,883 31,118 115,699 84,001 Grdnts receivel included in the aEK)ve, are as follows: 2024 2023 Oiher grants 63J38 52,883 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Pre-school 9(779 41,744 138,523 SUPPORT COSTS Governance costs Management Finance Totals Pre-school 20,436 51 21257 41,744 Support costs, included in the alKyve, are as follows= 2024 2023 Total activities Pre-Sch(K)I Utilities Building maintenance (hher costs Dcpreciation of taTtgible and heritage assets Bank charges Accountancy fees Governance Costs 2,052 4,872 3,977 2J36 2,421 7,623 3,789 51 2,290 18,967 1,020 1,648 41,744 15,905 Page 10 continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 NET INCOMEIIEXPEI¥DITURE) Net in¢omel(expenditure) is stated after ¢hargingl(crediting): 2024 2023 Depreciation- owmed assets 3,789 2,336 Net ineomelexpendilure is staknl after accounting for indwndent examinefs remuneration. Independent examiner's remuneiaiion foi the year to 31 August 2024 totalled £1,050 12023= £1:0201 in respect of the independent examination and £1.240 (2023: £1.397) in respect of payroll pnKessing services. TRUSTEES, REMUNERATION AND BENEFITS There were no tNslees' remuneration or other benefi for the year ended 31st August 2024 nor for the year ended 3 Isi Augusi 2023. Trustees, expenses There were no trustees, expenses paid for ibe year ended 31sl August 2024 nor for the year ended 3 Isl August 2023. io. STAFF COSTS 2024 2023 Wages and salaries Oiher pension costs 90J19 773 83,887 488 91,092 84,375 The average monthly Jjumber of employees during the year was as follows: 2024 2023 School staff No employee5 received emoluments in excess of £60.¢N)O. Pagell continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 ii. TANGIBLE FIXED ASSETS Building improN'ements (garden) Improvements to Freehold property Computer equipment property Totals COST Ai Isl September 2023 Additions 20,10 3J37 120 59,897 7,265 5,416 1,729 At 31st August 2024 20,IKM) 41,976 3,457 1,729 67,162 DEPRECIATIO Ai 1st Scptcmber 2023 Charge for year 1(417 1,000 32,552 2,419 3J37 24 52,306 3,789 At 31st August 2024 17,417 34,971 3J61 346 5&095 NET BOOK VALUE Ai 31 st August 2024 2583 7,1)05 iJ83 11,067 Ai 31 st August 2023 3,583 4,(X)8 7,591 12. DEBTORS: Amouwfs FALLtNG DUE WITHtN ONE YEAR 2024 2023 Trade debtors 9,147 13. CREDrroRS: Amouiyfs FALLING DUE WITHtN ONE YEAR 2024 2023 Social security and other taxes Othcr crcditors Accruals and deferred income lJ43 1,613 1,050 210 1,295 4,006 1,505 14. MOVEMEiYf IN FUNDS Net movement in fvnds At 31.8.24 At 1.9.23 Unrestricted funds General fund Building replaccment fimd Building improvement fund 47578 40,1)00 1,952 (14,888) 32,690 40,000 952 (1,000) 89530 (15,888) 73,642 TOTAL FUNDS 89530 (15,888) 73,642 Page 12 continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 14. MOVEMEiYf IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources expended Movement in fL]nds Unrestricted funds General fund Building improvement fund 122,635 (137,523) (1,000) (14,888) (1,000) 122,635 (138,523) (15,888) TOTAL FUNDS 122,635 (138,523) (15,888) Comparatives for movement in funds Net movernent in fi]nds At 31.8.23 At 1.9.22 Unrestricted funds CJeneral fund Building replacement fi]nd Building improvement fund 57,911 40,000 2,952 (10,333) 47,578 40,000 1,952 (1,000) l(K),863 (11,333) 89,530 TOTAL FUNDS l(K),863 (11,333} 89,530 Comparative net movement in funds, included in the atK)ve are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Building improvement fund 92,510 (102,843) (1,000) (10,333) (I,O(M)) 92,510 (103,843) (11,333) TOTAL FUNDS 92,510 (103,843) (11,333) Page 13 continued...
STOCKS GREEN PRE-SCHOOL Notes to the Financial Ststements- continued FOR THE YEAR ENDED 31ST AUGUST 2024 14. MOVEMEiYf IN FUNDS- continued A cutTent year 12 months and prior year 12 months combined ]x)sition is as follows: Net movement in ndS At 31.8.24 At 1.9.22 Unrestricted funds General fund Building replacement fimd Building improvement fund 57.911 40,0(K) 2,952 (25,221) 32,690 40,0(M) 952 (2,000} I¢M),863 (27,221 } 73,642 TOTAL FUNDS l(K),863 (27,221) 73,642 A cutTent year 12 months and prior year 12 month5 combined net moiTement in funds, included in the above are as follows.. IT]coming resources Resources expended Movement in funds Unrestricted funds General fund Building improvement fund 215,145 (240,366) (2,000) (25,221) (2,0(X)) 215,145 (242,366) (27,221) TOTAL FUNDS 215,145 (242,366) (27,221) The building improvement fund arises as a result of a non-iefundable capital grant received during the year to 31 Augusi 2012. The building replacement fund is for Ihe provision of a new building when the current one is no longer fit for purpose. 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Augusi 2024 or 31 August 2023. Page 14
STOCKS GREEN PRE-SCHOOL Detailed.Statement of Financial ACtitieS FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 INCOME AND ENDOIVMEI%TS Donations and legacies Donations 4153 6,008 Other trading activities Fundraising activities Other income 1,222 1.290 587 1,222 1,877 Investment income Deposit account interest 861 624 Charitable gctiTrTrties Vouchers & government funding Fees & deposits 63J38 52J61 52,883 31,118 115,699 84,001 Total incoming resourees 122,635 92,510 EXPENDITURE Raising donations and legacies Fundraising 334 Charitable actitieS Wages Pensions Consumables 90J19 773 5,687 83,887 488 3,229 9&779 87,604 Support Costs Management Utilities Building maintenance Other costs tkprcciation of tangible and heTitage assets 6,603 2,421 7,623 3,789 2,052 4,872 3,977 2,336 20,436 13,237 FiThanee Bank charges 51 This page does not fomi part of the Statutory financial statements Page 15
STOCKS GREEN PRE-SCHOOL Detailed.Statement of Financial ACtitieS FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 Finance Governance costs Accountancy fees Governance costs 2,290 18,967 1,020 1.648 21257 2,668 Total resources expended 138,523 103,843 Net expenditure (15,888) (11,333) This page does not fomi part of the statutory financial statements Page 16