&M7640 1119231 REPORT OF THE TRusfEES AND FOR THE YEAR ENDED 31AUGusf %y13
VELFORD PRE-SCHOOL COMPANY NUMBF.R . 6047640 REGISTERED CHARITY NUMBER_ 1119231 FINANCIAL STATEMEN13 . 31 AUGUST 2023 CONTENTS PAGE Report of the Tntee$ Indqjendent Examineos Report Statement of fll)ancia] xtiyities Ba]ance sheet Notes to the accounts 7-10 Detailed stat¢n)ent of financd activities li
WEEFORD PRE-SCHOOL CC)MPANY NUMBER. (JM7640 REGiffERED CFIARITY NU.IIBER. 2 119231 REP()RT ()FTHE TRUSYEF3 FOR THE IE4R FNDED 31 AUGusf 2023 The Mobdc Umt WelEord Sibbertofr & Su]by Etthwed School West %tteet WdEord Northat NN6 6HU .TRucfuRE AND G()VERCE Memorandum of Associatirmx Twhich ¢sts14tslLed the obj'ects Ind tK)wert8 of tht company and . 8werncd under its Articles ofAssocttlltXL Thuc Js w Sha caprni. ()n l June 21M)7. follry tht rcapt of cortsertt from the Pr.school IKarning Alltsnce and Ch•ary' Comrywsiw the issers of Welfotd Scw ¥n un. During tlxe 2022123 acdemic yw, the Comrnltee trtgged * fitm oE5dicit0 to 4nd update the govcmnc¢ itDJcture of the Prt.SchwL with thc objccuve of the the s¢ttLt)g JS tuft nd Artidcs ofA5soa#uoA wett AFgxov•A At gn Geothl Mrttyng hcjd on 13th July 2023 rtd incotp)tste the followkn¥. •Buiiness <)fficer. a p1) OrPd by the Pre.Sdbl Mkow. •firrAnce ()fficer * r[.[al FArt-vi)lunw posi •%ecrtAry / ComplLAnce C)(ficer. i vohthr¥ry •()fsted ()fficcr- ? Volunts PLW •FundTrJsll¥ ()fficeA. volutttry rrt)siiicrf (ntsnMlly 5) TfjJ8tee8 / &recrots u¢ #pwffd or re%FfWlted at th¢AGM. Welford Ptt.scFthl body th Mcmi Oft PKe4cl1 Allnr¢ aud All patents are reRarded 1 members who hve fidl PAttwtw o&hts. ()BJEcriiE% The Tcustee% rcvttw 9nd UFdAte the Ptt.SchcS knsitiess This ¥et¥ numixrof ott¢1Ve8 foi rhe P¥th(x)I, wh catt Summaosd as follows.. ¥r¢cnd. fUrthert their qualifKA(N)n¥. .. To ensurt the devekyryKnt 2nd 8mcrfMh DJnn ofthe lyJsines$ through * str4r¢F pknnu PRINCIPALAcrivmE% AND ANY SIGNIFtGiwf ClL4NG %itite l June IM)7. Ivhen kr 0$1umcd the trpjsiness ThJ #5sets of Wclfotd the powal acriviry of the company has been the pttjFts ofpr.sdKd e&Jcatx) to cbikn aged ovet2 Attd Uer 5 yeat5 of ag¢. Before IhLS the compw not tlxde. In kpt¢mber 21)08 tFrt busjttss eXpd WAth the • of¥ Ixrgk&s¢ &b I1 *frer4chrnl club fot d)
ged hetttn 4 9nd 12 ye2X5.
lThe pre-8chcrt)l ts a fEKrtdty, I0-¢Sbltsked that Ims suved the kral ntral cotihnuw since 1984. It is sttuared m sqmryte puw5e.Ixtht pteLMses wAtlthi the ofWelFot(L Wlxrtoft and Sulby EtsknIed.tr age and eases rhe tLxnsitioA into sclttxsl. 11)
WELF()RD PILE-SCHQOL REGI4TERED CFL4RrrY NUMBER_ 1119231 REP()RT OFTHE TRU%TEES FOR THE YEAR EhT)ED 31 AUGusf 2023 The ?02?12n23 academic year proved to be an AtredilAy knsy and year Eor the PLr.sd)tr)L Its $taf( farniiics cornmLrtcc MCM. rhe impxt of CO.19 was far less swJx6c4n4 tt caoxlor be unde15ed how densratit)g Ofsted inspcrtion io ] 2022 w4$. Knowirg tktht we wttt due to l reJnsFctd ¥t any DespAte the"Requm I[OveMent. judgement. Pxe-school Attetskne lewtjs wtte h¥h¢5t wc bave cvcr seen, and tlxis is rtflecttd in rh¢ SYgDcl[ iacrtsse in funthog Ltccivd Tht numbetof usitjg our BrtakfASt aftd Afttt-hl aub PffjVLSth fttDaix steady. and Kesu]ted in us tteedtt)g to btre nvo new MeMi of STEf to support the existsng t¢#llL Wc A]$0 rn(k the to Aiterour cgenthg Ixoutt s14lxdy to The Pre.sclK)ol IIAn4er and staff woxked tittkssly the y¢#r w 11npr rhcir undcurathg ofthe upjattd ()fsted requirtmenrs. and dcwsed an engy¥ cumculum $ULtAbk for all dhddr¢th tt¢ndthg the sem well at strtngth¢nJn¥ their knowkdgc thr reguJAt Much to wlxen all Ohtcd Jn5PCCtor r¢turncd Ln June 2023, th¢y saw wfic4n¢ Jmprovemcnts aThJ ojr ( )verall Effectt$ has now gAded "Gocd". The Ptt-Sth¢M)J hai ¢ontthu¢d to wodr th5dy for8U¥ workts)8 with the scnior kadenhp tem At the schr4 tsltss, kMwkdgt NI mutual r¢sp¢a. Despte these pres8ute8. it kn still bettt a hugdy SU¢%$&)1 y¢ar EF¢ F-IK gnd All new Rccepuoo 51thef5 wue bnlbmdy prepAted for the next st4e in tktr edutsttfXL Utxfortuntdy. our fillthatsLll8 events wete nor Is well $upp)ttcd they hAd Ixen in the pas¢ FLthAPS due to the cost of ctiw. How¢ve4 we wete Still able to mett our furtdTruu and purchase ncw equment for the benefit of Ill chLi&¢n Attending the serrkn8. Wlrh excellenr erty atr¢nd#nc¢ levds for ihe 2023/?4 lademic yeAr And wirhout the thteai nfa loomm8 ()fsred insw1. we hope the t)th Jwr will kss ch•lknw8 au r()uNI Ind ll(Jw the stsff to enjoy a b¢nuw(xk-]rfc babnce. FINANCL¥L REVIEW The PYe.hool hAs hAd nother stay ye4t. mik thc r1 r¥ulr 3lh)wJ oci ouw restyjrces of £2.763. ihty include$ some swuficat)t ofte£( ccts o(Iu5t UfKkr £8.(MM) ut¥AgtuJg our wernnce StruCtte (as refcrenrcd ly)vel And £5.(KKI to rWgce the syste TorAI iftcome increased by 23/.. due to nuttxbets for futxded prt.$dKx)1 ses1Mx.IJnth breakfast and aft¢r.sch(M)I dub thcome Wlth last year. Tot1 costs jncttaS by 25h. due to hghcr w4¢5 & t8 year, tx)th in tetm% of th¢ ratcs paxl and rhc tnNI hnurA worw ¥ wdl ¥ the one-off colts mentjoncd Rbnve. Net Eundtsisitig income forthe yer wx6 D279. Dun08 th¢ year £1.943 OE rurncted fvnds weLt extrtn&d with £1229 of reattttd tecavciL ttsuittttg Ati g net Ankbw of r$trKtcd fiwds of £286. The chaory had w Outp rewurcu of£l763 f(the ytsr en 31 August and cufftnt assets of 6,545 at thL% &te. POUCY In ]iAe with the gutdance tssued by the Chw Cornrni iht hove t¢Ved ihe cljan'rfs needs for operAting costs. cdcuhted t)d £eFie4wed and the reserves should be Ixtht up thjs ]¢vtl In $toges. c¢)nsistent with the clw"Lry'S overll tK>ststm its nttd to and dev tt3 chatw2ble activiti¢s. The incorn¢ of the cl4nry flurtttt$ annuajty. with the detr fot Ptt-xh{ sttvices ShryI]g s conrktio viith the kc21 birth rAte. We require cash rc5eLves to be ai ¥ levd th¥1 we5 us sufficiu)t oshflow optrjte $usMnable seEvKct and plan for the ternj. The resern kvd t 31 August 2023 (defi[ a5 nct 2S5ets) WAS £76545 whFL ryrseats over 12 onths OF¢18 costs. 121
WELFC)RD PRH(K)L COMPANY NUMBER. 6047640 REGI%TERBD CILIRrrY NUMBER. 1119231 £p()kr OFIHE TRUSTEFts FUR 171E YLIRENDED 31 AUGugf 2011 DIELE()5 Ellen Worrell S(4)hta Haymrd Jonathatt knurthwtt (Irv 13 Juty2 Fjngnce ( )ffKtt 13 July 21123) Treasurer (texwd 13Jthy 21Y231 be¢tera£y / OPSTED C)(ficer (4>p(#w 13Juty 2J)23) 4IppCtCa A5 9 dwt¢ttx 13 Cktolxt 2022 crew / OFSIED non)[ perstM (Ar¥ed 13 Juty 2024 ()ftw (gPWcd 21 July3Y23) Rachd IAW Hannah Bedvd Ruth 12dditwon Ab4wl Wo Helen Nichdas Appointed 17 J9ftuAry 2011 Atvwed 17 IYII Apwted 17 Au8USt 21YII Rqchd 41evJo IALCY Jeffery KAte litchf*ld Reswd 17 January 2023 Rts1d 17 J•nuAry 2(I23 AnnuA] CrtneTrl meets (AGM) knt are ewc for re-eItt ifdy io Itm PUBLIC BENEFrr ATEIEr Thc dMtt"ry ¢£u¥tees bAVC E(wId with thetrthty undtt¢rttMm 17(5) ofthe Jlct 201 I to hAve due The pre-6chcd PKovdu A ufe and ttMrrThnent for cbiidt¢n •8ed btthen 2 ty111 We wek¢xne dcvelopkn¥ viMv ofthe wodd We w thc nmny d&f¢1 fomy of family hf¢ thAt dMklKeo MAY well theit #cKia] and Cultu t&ckwN41. www.ofstcd.gov.uk oftht Comp$ Act 21Th. ON BEFiAUI OFTHE BnARD OFTRU USTEE 13)
Ind•p•nd•nt examln•e$ r•port to the trust••s of Wellord PTrSchool I roptyt on th¢ o¢¢ounts trf th¢ Trust for the year ended 31st August 2023. Resp•ctlv• r••pon8ibllitles of trust••s •nd oxamlfi•r The ¢harills trusiees are responsible for the preparation of th¢ xc4)unts. The charis tntslees cw$ider that an audlt 1$ not required for this year under Section 114(21 of the Charftles kl 2011 {th0 2011 Act) and that 8n Independent examlnatk#) 1$ neoded. 11 Is my respOnbIlIty to-. Examlne the 8ccounlg under socb.on 146 01 the 2011 Act To follow thg wcedur•s lald down In Ihe g8ngro1 Oven byth8 cJ)mmlsslon und8r section 1451SNb) of the 2011 Act To sl¥te whether partkular mallers have como to my attenfjon. Basls oflh• Ind•p•nd•Tht •xamlnrf• r•port My èxamlnatlon was carded OLrt In th8 acc¢ydanc& with thè 0141 DlrKon8 glvon by Ihe Charity Comm588lon. An oxamlnallon Includ88 8 rw8w of the a¢winllng records kopt by the chodty and a ¢ompartson of tha 8ccwnl8 presented vilh th08e reuxds. It also Indudes eonsideratton of any unusual Iiem8 fx dlsclosures in the accounts aTrJ Seng èxplanab.ons from you as truste85 conrnIng such matters. The wocadurns undertakon do not provlde all the ede Ihal would be reoulred In an audit and c0nwuty Tr) ow"nion13 Oven as to whethor the ac¢ounl$ pregent a'lfuè ond falr and th¢ fepcrft 18 Ilmited to lh matlws 8•t wl In the noxi statom8nl. Ind•p•nd•nt •xamln•rf• •tat•m In u)nne¢tlon wlth my gxarnlnallcm. no rnattw has c¢m• to my attonlkni.. 1. Whlch Ove8 me reasonable ¢aw lo belleve In any matert81 retspo th•requlr8monts.' To keep accounung records In ac£ordarKe wilh Sect 120 ollhe 2011 Act and To prepare aoxunts whlch a¢¢ord wlth acCn11n9 record$ o•d comply wth the a¢¢ounting rnquiromwts of the 2011 Ad Have not bew mel LY 2. To whlch. Fn my oplnlon. attentlon ShOd b• drawn Sn onler to enablo 8 prwr understsnding of lh8 actounts to be reached. Anna Young Assodation of Chartered Cerlifiéd Aecountsnts 238 Hlgh Str¢eL Wdfr)rd, Northants. 8HT 30 October 2023 (4)
WELVORD PRli-KFIOOI. COMPANY NUMBE.:R. 6047640 IUl(i1STL.L.D (JIAKfIY NUMHF-.R- 1119231 'I'A'I'I.:Ml.;Trri'()I,' I:IN,.INC.lill...i{-.iiiftrIii,"s FQR IHf. Y&lR ENDED 31 AUGUS13YI3 2022 To) nd8 No INCOMING RKSOUR Actitle fi)r Kcrx'rattng funds IIiiTMl5Jn8 Jncony Intcr¢$i rcttivknlc 119587 121M16 1279 347 98.722 1.963 J47 Total incomi¥ 121213 113,M2 1(Xl.715 RESOURCES E¥PENDED Co6tB of g¢DCrnlin8 CA>%ts (hf ¥¢vv¢ct pr¢>vt%ii)n &tMI otkr w•ts GovemDce coq 1155B9 8ffj73 1.913 117,532 8,673 99035 883 Tot*1 ttiour¢¢• ¢xp¢od¢d 124262 1943 126205 I,718 NET INCOMING I (OUTGOING) RL8OURCES P,049) 7631 131 RECONCIUATION OF FUNDS Tothl ht)d8 bmvgbt forn 78583 79Jl1 TOTAL FUNDS CARRIED FORWARD 75534 76545 79.308 151
WELFORD PWCHOOL COMPANY NUMBER. 6047640 REGIKfERED CFIARfIY NUMBER. 1119231 BALANCE SHEET. 31 AUGUST Y)23 2023 2022 Note Tangible as8ets Debtors c at bth and in band 2,826 80,934 83,760 77525 81,048 CRFDrroRS Amounts falhn8 &Je withth one yelt 10 4,503 4.452 NEI. CURRENI. ASSEIS 76.545 76.545 79.308 79.308 NEf ASSEIS 76.545 79.308 UntcstrACted Fund¥ Rc3triCted funds 12 12 75534 1,011 76545 78,58.3 725 79.308 The Chlble company is eotided to exemption frcmn audit under sects' 477 of the Act 26 fnt the yvAr ended 11 August 2023 The members h4ve not tequired the cl)table c(wy to obfth an of its finCl Statements for the yeAr ended 31 Augu8t 2023 iti ¢cordan(t with Seaion 476 of the Wlle8 Act 2(M)6. 'The tmstee8 acknowkdge thetr reSpbltieS for. (A) ensunng that the chantable compatty keeps accoundn8 recorth thAt conyly with Secttons 186 and 387 of the C.omwlles Act 21X)6 and pwing fitWIc ststcments gtye 8 tme fatr tW of the stxte of aEf2tt8 of the chatttablc company as at th¢ end of eacb fitsanual yelt and of its surplus ot dcfiat for cach financjal year in Accordance with the reqUts of Secttons 394 xnd 395 aftd wch OtheThse comply with the requerntr of the C{n$ Act 2tM)6 rdaur8 to financial statemuits. 8n far as aPPCble to the clutitsble ccAy)pw. These 6ttan¢Jai ststemertts have beett prepttd m Att0rd WAth the speaal E>TOViSAons of Part 15 of the ComwAmes Art 2(N)6 LtlAting to small chazitable c(xw Ind Ivith the Fitianriai liepornng Standard fnt Smaller ETrtsts (effective Apiil 2(K)8). O)) These financtsl stAtements wete 8ppTrved 4Dd #udKxisal Eor issue by the Board of Tntstee5 on 19/10123 and were sjgtsed on its be}lf br. 16)
CObTrANY NUMBER. 6Tr17640 REGI£fERED CIURrrY NUNIBER_ 1119231 N()Tfs Tl) THE FINANCIAL ATMEras. . ENDED 31 AUGugr 2023 AccouTrrrc pouc The pnnc5P21 accouoting poknues %d(pted Jn the PreFti of tbe sf3ttments Att set {A} B•6ii ofprepwatioti offinnc41 gccoydance with tlxe Fill2111 Rc[•.%tsnd fr)r Erttitics (eEfectt've Jlptij 21X)81. the Con1p Act 2(KJ6 And rhe ofthc statet of (bl Deprt ciiion The CoMnY owns the modth chs8fCthI Ullit. Icas¢5 lafjd u[n which it is $Lted. Deprcctytton ar a rnte cakulared to 11¢ off the c(t ofthe buddth8 over the len8th OE tlxe k##¢ tel whKh M shorttt than the nttupated hfr of the Cornpurer equlpment is W wntteo off in the yur ofwkrlM8e. {c) Incoming re8outee8 ¢hattty ts klty cntitled to the iticoti and thc arncrtuM c4n Ix qvAntsfd wth abk Expenth"iiiYe JJ A¢counted for on An accnJb lsii •NI been under headtsy that W8atc cost re]Ated to thxt ¢aw. {¢) Fund accounting Unresrncted rtd$ can u¥¢d in A¢cordw T•rith the £knitabk 014¢¢•Yr4 Ar the dMcreIx of the ttthxt¢¢¥. Restiicted cgn ix used for pArtKukntststticted wej wirhm the oEryects ()( (fj Grao Grantx Jn r¢sprc¢ of ca rei¢a3ed to pro61 ovet the expected usefid Itvcs of the tekv9ni 4ssets br equgl antM]al instab)nIS. expen"tll to which th¢y rdate.
WLUIORD PRUl(x)L r.OfvIPANY NUMBI",R. (IM7640 REeTIkFD ftslARIIYNUhlBER. III9231 N()'ILlS"IK) fFIL r]NANC.IAI. STA1EMEKfs. YEAR ENDFD 51 AUGusr3nJ ICOKIINUU)) ArmTmFS FOR GENERATING FUNDS ees Aftd Eady Ye40 fimang Other income 119.056 17&) 121rn16 98J93 329 C0515 C)F SF.RVTC.F. PRC)VISIQN AND IYIIII.:R COSI¥ SL4tJCi WA8C3 md pcnsM>n <¢) T£91d other #ff cw I(1)12 t83 1.395 1584 InJurAnce Ilqwpmefj¢ Mi)k & f1 costs l.'Thft and tr4rNi 1242 1217 621 1181 1,425 It7 CFOVERNAN(:F. (:Ogl Is) ox) 83 Acc¢HrIn(Y & Ixxthqjth 710 73 Nifi. IN<:()M]N(' I i()iniiQlNf.} RI.'.Y)UR(JIS TRii¥fBFts' REMUNEIRA'IION AND BEN13rn5 'Iherc no trustees, trmw1r¥ or othcr btntfits fort yt*t ttykd JI Aw nor for tht ye&t endtd 31 Awl
WI.:LI.'ORD pR-tIcK)L CX)MPANY NUMBI.:R. 61M7640 RF.C.ISTERED abiRllY NUMHFJi. 1119231 NCYi'Fts'fc) THF. TrINANCIAL %rA1ENfES. IEAR ENDED 31.4UGusf2)23 i(:ot4fi'iNUliI)I srAFF COSTS Jaknes S(La] ttturity 1.471 tIK).012 81183 I:lu'idcc aff TANGTBIT.. FIXED AKSPIS Ti At 1 S¢pr¢mber 2 64.188 At 31 .4 2)23 63,685 )3 64.188 r)opi¢ow(xL". Ai I prnber for the yclr 13 188 Ar 31 63.685 64.188 Ar I Wtembcr 1122 At31 Ayr 3)23 r)F,I¥IY)K8_ Al.1. Rli(:TIWABLF. wfIHIN ONP.YI.AR 'I'rA& d¢brorn C)thct dcbtt)tg Pr£p•ym¢ntt 1.715 1570 1,524 10 (:RLIDrtORS. AMour5 bAIIING DUE WrITI ONRWR YA(k' <tc(ht() ()ther tax iftd y4)cd sec 701 l(K)3 1.748 4,452
WLLVORD PRg-SLHOOL ¢.()MPANY NUNIBI.:R. (A)47640 (ifrp.Kl. (:IlARfiY NUMBF.R- 1119251 NOIEST01HE FINANCEAt.STA'fFthIEK15. YEAR ENDED 31 AUGUSI'2)23 (CON'I'INUDl 11 SFIARE CAprrAL ymtnt ufgny uytstyn(kngdebts babihllek If l[kn w (hsvdutKw oftht Pte4dLfx)L there rem•JAs. afver the Jttsf2C ofq]l debty md IpAlxb'tte4 An). PW wha. th¢ shAU ()t be pgwl t<> or (b8tsibw¢d amthi8 tht membtts the Pre.¥lMKi im ¥h411 be tmsftfted eithtt Bomc other In$bthJllon oTrw¢ts mIr tt> th¢ d)I¢Cts (if thc pLh. ur tu the obiecv3 tsf wknch thc pri>JJJQrn nfthnry or anythm81 or cthi(hiv¢ theryrty wth instrtution r tp bc thtennmd bv the membot8 of thc PTrtKIKKJl * or bef(Ye the thme of &s•du¢x 12 MQVF.MITNT IN FUND L922 3L& Uuutli(ttd fuod• General fithd 7x534 TIArly Yur4 PW TOTAL PUNDS 76 7(545 CJcncfAi fijnd 121213 {124J dNrly Yc9rJ IW IJ 11.94¥ TOTALIIUNDS 763
WELF()RI) PHOOL DETAILED STATEhlENf OF FINANCLILAcrivmps FOR THE YEAR ENDED 31 AUGUST 2(I13 Total Fllttd$ Fwids Funds Funds 2Q23 INCOMING RESOURCES ActAvxtie8 for 8eoerntingfond 'Eady Years Grant. Eatly Yeat$' DAsabth"ty Access Fundgrant Pre.sch(K>l sesions BtcAkfa5t dub After.schod ch T.shirt$, swegtshitts WKI ba8¥ Covid rel%ted8rdnts Dong1iOIIS 73.967.13 73.967.13 1229.55 57.757.43 433.08 1229.ss 21.701.fAJ &114. 12236.60 &C#) 21.701. &114. I¥.60 19.38110 8.431.50 11.569.9) 154.16 174.54 98.721.71 1760.C(I 121.816.88 87.33 2229.55 A5¢Mo8 fair. bazaar and rAftk Phoros 19&93 198.93 503.07 $85.42 SiO.(M) 585.42 510.(M> 734.77 Cheese & Wjne Str¢¢t Nlarkei Other 457.18 38.80 1.963.48 15. 12-9.35 1,279.35 Interest tecavable 346.78 346.78 Totsil ineorniD8 reBoiirce• .46 2229.55 14443.01 RL%()URCE% LXPENDED Co8t8 of 8etVAee provA•ion nd othet C08ts
1c$ xrtd wxges
99283.51 711.15 72&59 I.01110 711.15 88.1&1.04 i.oia. niher staff costs Uixhiics S• prcrnises costs 133144 5.63126 2&07 1524.45 2217.40 1.893.15 211 133144 5,632.26 1242.69 1524.45 1217.40 1.893.15 212.( i(x). 1556.38 I.27.53 621.22 1.603.64 2,180.83 1,124.16 1214.62 IA5urdnrc Food Costs Ctydft & elellning mxtc Memb¢tshy 5ubs¢ry?tyons Compurer costs Postage and stallL l(K).(K) 121.81) 23834 87122 115589.43 872.22 117,532.64 651.39 99,834. 1.94321 Profes5la1 fccs &673.IN) 8,673.(M) 883.IK) Totsl tt50Utc¢¥ cxpcttdcd 12426143 1.943.21 126205.64 l(K),717.W NET INCOMING / (OUTGOTNG) RESOURC .762.63 3.16 {11)