. 

REGISTERED CHARITY NUMBER: 1127068 

Report of the Trustees and 

Unaudited Financial Statements for the Year Ended 31 August 2023 

for 

Great Witley Pre School 

dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells WR15 8AE 



Great Witley Pre School 

Contents of the Financial Statements for the Year Ended 31 August 2023 

|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet||5||
|NotestotheFinancialStatements|6|to|9|





Great Witley Pre School 

## Report of the Trustees for the Year Ended 31 August 2023 

The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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 1 January 2019). 

## OBJECTIVES AND ACTIVITIES 

## Objectives and aims 

To enhance the development and education of Children primarily under statutory age, by encouraging parents to understand and provide for the needs of their children through community groups and by:- offering appropriate _ play, education and learning facilities, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability; encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas. 

## Significant activities 

We run a pre-school for children aged 2 to 4 years old from our local village hall. This is over 4 days, employing 8 qualified staff who supervise up to 30 children at any one time. 

## Public benefit 

The Pre School serves the Great Witley and surrounding villages and all children are welcomed. The trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance on the public benefit by the Charity Commission when reviewing the charity's objectives and in planning future activities. 

## Social investments 

The pre-school engages with the local rural community families in the village. 

by utilising the village hall and providing a local facility for 

## Volunteers 

Primarily parents of current or previous children, our volunteers run or assist with fundraising events and also sit on the charity's committee as trustees. 

## ACHIEVEMENT AND PERFORMANCE 

## Charitable activities 

During the year, the Pre-School continued to build on numbers, reflecting the high regard in which the pre-school is held in the local community and beyond. The Pre-School continued its links with the ‘wrap around’ care provision at the Primary School next door enabling parents to access care provision to accommodate a full working day as well as during school holiday time. The committee is keen to develop the employees who work for the pre-school and ensure that they are up to date with their training and education in the sector. All staff are paediatric first aid trained as well as in social, emotional and mental health. 

Fundraising activities During the year staff and volunteers held various fundraising activities and generated funds of £485 (2022: £428). 

## FINANCIAL REVIEW 

Financial position During the year, incoming resources amounted to £68,671 (2022: £55,206) and resources expended amounted to £90,407 (2022: £73,719). This resulted in net expenditure of £21,736 (2022: £18,513). 

## Reserves policy 

The reserves of the pre-school are maintained and invested back into the running of the pre-school. In the event that the charity were to be dissolved, the reserves would be distributed to another pre-school (with the permission of the Charity Commission) or, transferred to the Pre-School learning alliance. 

The Charity has sufficient funds to cover a significant change in circumstances leading to staff redundancies. Whilst there are no indications that the charity should not continue to operate as a financially viable pre-school, especially considering the increase in local housing and lack of other local pre-school facilities, the trustees have created a reserves policy of maintaining free reserves equivalent to three months expenditure. 

## Based on current expenditure, free reserves per the policy should be £22,600 (2022: £18,429). 

As at 31st August 2023 free reserves amounted to £59,476 (2022: £81,212) and the trustees, therefore, believe reserves to be at a satisfactory level. 

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Great Witley Pre School 

Report of the Trustees for the Year Ended 31 August 2023 

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity operates under the rules of its governing document/ constitution approved by the members of the Great Witley Pre School on 12th November 2008. 

Recruitment and appointment of new trustees Under the constitution, 60% of the committee is required to be parents . As a result, there is a limit to the pool that we can select from and that are also willing volunteers. All committee members are DBS and OFSTED verified before being admitted onto the Committee. 

Organisational structure Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day activity is managed and carried out by the manager, deputy manager and staff. 

## REFERENCE AND ADMINISTRATIVE DETAILS 

Registered Charity number 1127068 

Principal address Severndale Weather Lane Astley Burf Stourport on Severn Worcestershire DY13 OSF 

Trustees 

L Cusack Chair (resigned 30.3.23) 

A Morris 

D Morris (resigned 7.11.22) S Baines E Garner 

J Conquest 

J Stanley (resigned 30.3.23) 

K Kennedy Chair (appointed 7.11.22) 

S Saunders (appointed 7.11.22) 

A Bastock (appointed 21.11.23) 

F Bowdidge (appointed 21.11.23) 

Independent Examiner dhjh Tenbury Wells LLP 

Chartered Certified Accountants 

81 Teme Street Tenbury Wells WR15 8AE 

Approved by order of the board of trustees on 19 June 2024 and signed on its behalf by: 

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Independent Examiner's Report to the Trustees of Great Witley Pre School 

2 

Independent examiner's report to the trustees of Great Witley Pre School | report to the charity trustees on my examination of the accounts of Great Witley Pre School (the Trust) for the year ended 31 August 2023. 

Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

i accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

T G GILES FCCA 

dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells WR15 8AE 

21 June 2024 

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## Great Witley Pre School 

Statement of Financial Activities for the Year Ended 31 August 2023 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|68,145|54,777|
|Other trading|activities|2|485|428|
|Investment|income|3|41|1|
|Total|68,671|55,206|
|EXPENDITURE|ON|
|Raising|funds|88,251|71,796|
|Other|4|2,156|1,923|
|Total|90,407|73,719|
|NET INCOME/(EXPENDITURE)|(21,736)|(18,513)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|81,212|99,725|
|TOTAL FUNDS CARRIED FORWARD|59,476|81,212|

**----- End of picture text -----**<br>


The notes form part of these financial statements 

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## Great Witley Pre School 

Balance Sheet 31 August 2023 


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||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Total|
|fund|funds|
|Notes|E|£|
|CURRENT ASSETS|
|Cash|at bank and|in|hand|62,159|82,120|
|CREDITORS|
|Amounts|falling due|within one|year|8|(2,683)|(908)|
|NET CURRENT ASSETS|59,476|81,212|
|TOTAL|ASSETS|LESS CURRENT|LIABILITIES|59,476|81,212|
|NET ASSETS|59,476|81,212|
|FUNDS|9|
|Unrestricted|funds|59,476|81,212|
|TOTAL FUNDS|59,476|81,212|

**----- End of picture text -----**<br>


The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2024 and were signed on its behalf by: 


**----- Start of picture text -----**<br>
J Conquest - Trustee<br>iS)ACHE<br>**----- End of picture text -----**<br>


The notes form part of these financial statements 

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Great Witley Pre School 

1. ACCOUNTING POLICIES 

Notes to the Financial Statements for the Year Ended 31 August 2023 

## Basis of preparing the financial statements 

The financial statements of the charity, which is a public benefit 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## Income 

All income is recognised in the Statement of Financial Activities once the charity has 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 constructive 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 headings 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. 

## Taxation 

The charity is exempt from tax on its charitable activities. 

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 


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Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions<br>arise when specified by the donor or when funds are raised for particular restricted purposes.<br>Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.<br>2, OTHER TRADING ACTIVITIES<br>2023 2022<br>Fundraising events ra485 £428<br>3. INVESTMENT INCOME<br>2023 2022<br>Deposit account interest £ 41 £ 1<br>OTHER<br>2023 2022<br>£ £<br>Independent examiner's fees 730 650<br>Professional Fees 629 703<br>Advertising 117 62<br>Training courses & material 680 508<br>2,156 1,923<br>**----- End of picture text -----**<br>


## 4. 

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Great Witley Pre School 

Notes to the Financial Statements - continued for the Year Ended 31 August 2023 

5: TRUSTEES’ REMUNERATION AND BENEFITS 

Trustee of the Charity, A Morris, was employed by the Charity as the Pre-School Manager and remuneration was only received for this employment and not for trusteeship. 

## Trustees’ expenses 

There were no _ trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. 

6. STAFF COSTS 

The average monthly number of employees during the year was as follows: 

1s 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|2023|2022|
|General|Staff|8|7|
|No|employees|received|emoluments|in|excess|of £60,000.|
|COMPARATIVES|FOR|THE|STATEMENT OF|FINANCIAL|ACTIVITIES|
|Unrestricted|
|fund|
|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|54,777|
|Other|trading|activities|428|
|Investment|income|1|
|Total|55,206|
|EXPENDITURE|ON|
|Raising|funds|71,796|
|Other|1,923|
|Total|73,719|
|NET INCOME/(EXPENDITURE)|(18,513)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|99,725|
|TOTAL FUNDS|CARRIED FORWARD|81,212|

**----- End of picture text -----**<br>


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## Great Witley Pre School 

Notes to the Financial Statements - continued for the Year Ended 31 August 2023 


**----- Start of picture text -----**<br>
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|8.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2023|2022|
|£|f|
|Taxation|and|social|security|852|3|
|Other|creditors|1,831|835|
|2,683|908|
|9.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1/9/22|in|funds|31/8/23|
|£|£|£|
|Unrestricted|funds|
|General|fund|81,212|(21,736)|59,476|
|TOTAL|FUNDS|81,212|(21,736)|59,476|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|68,671|(90,407|)|(21,736)|
|TOTAL|FUNDS|68,671|(90,407)|(21,736)|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1/9/21|in|funds|31/8/22|
|£|£|£|
|Unrestricted|funds|
|General|fund|99,725|(18,513)|81,212|
|TOTAL|FUNDS|99,725|(18,513)|81,212|
|Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|55,206|(73,719)|(18,513)|
|TOTAL FUNDS|55,206|(73,719)|(18,513)|

**----- End of picture text -----**<br>


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Great Witley Pre School 

## Notes to the Financial Statements - continued for the Year Ended 31 August 2023 

## 10. RELATED PARTY DISCLOSURES 

There were no related party transactions for the year ended 31 August 2023. 

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