REGISTERED COMPANY NUMBER: 06256239 (England and Wales) REGISTERED CHARITY NUMBER: 1128799
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023
for
The Hollies Pre-School Limited
Nolan James Ltd Chartered Accountants Suite 1 Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
The Hollies Pre-School Limited
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 ofFinancial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| NotestotheFinancialStatements | 7 | to | 12 |
The Hollies Pre-School Limited (Registered number: 06256239)
Report of the Trustees for the Year Ended 31 August 2023
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 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Hollies Pre-School is established to cnhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
Public benefit
When planning activities for the year the Pre-School has considered the Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The pre-school holds an Outstanding Ofsted accreditation from 2020 demonstrating its continued commitment to provide a safe and happy environment where children can grow and learn under the guidance and supervision of dedicated and caring staff. The high quality and consistency of teaching benefits predominantly preschool age children from the local area and the pre-school also provides after school care for local children up to the age of 11.
The pre-school encourages children to learn about other cultures through its special link with a primary school in Uganda.
FINANCIAL REVIEW
Reserves policy
Due to a period of levelling out post pandemic, there was no commitment for any extra spend in 22-23.
It is the policy of the charity to maintain unrestricted funds at a level to meet the unrestricted expenditure for the following twelve months. This would then provide sufficient funds to cover the management, administration, and support costs. At the balance sheet date, the charity had unrestricted reserves carried forward of £290,522 (2022: £273,011). The reserves not invested in tangible fixed assets are needed to meet the working capital requirements of the pre-school. As well as operational income, the charity also has an active fund-raising committee which helps to boost the funds available to the charity to invest in its facilities and equipment.
Going concern
There are no material uncertainties about the charity's ability to continue as a going concern.
FUTURE PLANS
The charity plans to continue the activities outlined above in the forthcoming years. The board of trustees continue to review and facilitate the necessary improvements and repairs required to the existing buildings and will plan future budgets accordingly.
Due to the current economic climate, we need to be aware of rising labour staff costs/running costs and staff retention to ensure the setting continucs to thrive.
We continue to explore the possibility of securing a grant(s) for the setting and have developed a fund-raising events calendar throughout the year to help contribute and pay for new equipment.
In the shorter-term (next 1-2 years) funds will be required to deliver a further new building(s) to replace the older facilities on the site, unfortunately the units are deteriorating, we need to develop a robust strategy to plan ahead our future finances and co-ordinate this significant spend.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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The Hollies Pre-School Limited (Registered number: 06256239)
Report of the Trustees for the Year Ended 31 August 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees The appointment oftrustecs is by the board and the requirement is for a minimumof 3 trustees.
Organisational structure
The board of trustees have responsibility for all the major decisions of the charity. Beneath the board are three supervisors who take responsibility for the day to day running of the pre-school, two of which cover the pre-education side and one who covers the administrative dutics. The staff are made up of both qualified and unqualified pre-school workers.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 06256239 (England and Wales)
Registered Charity number 1128799
Registered office Hazel Badge Road Poynton Stockport Cheshire SK12 1HE
Trustees
DA Felton Hr Consultant (resigned 27.9.22) M Morrison Solicitor (resigned 5.10.23) K Wyart Healthcare Manager (resigned 5.10.23) M G Deignan Finance Director K Scotchford Support Worker (resigned 4.5.23) K Thornewill Teacher P A Marler Diversity, Equality And Inclusion Manage (appointed 5.12.22) (resigned 11.12.23) HE Brislane (appointed 15.10.23)
Independent Examiner
Karen L Hunter FCCA Nolan James Ltd Chartered Accountants Suite 1 Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
Approved by order of the board of trustees on 14 March 2024 and signed on its behalf by:
M G Deignan - Trustee
Page 2
IndependentTheExaminer'sHollies PreschoalReport toLimitedthe Trustees of
Independent examiner's report to the trustees of The Hollies Pre-School Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chanty's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodics.
1 have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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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
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the accounts have not been prepared in accordance with the methods and principles 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karen L Hunter FCCA
Nolan James Ltd Chartered Accountants Suite | Armcon Business Park London Road South Poynton Stockport Cheshire SK12 1LQ
14 March 2024
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The Hollies Pre-School Limited
Statement of Financial Activities
for the Year Ended 31 August 2023
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31.8.23|31.8.22|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|6,684|4,534|
|Charitable|activities|
|Pre-school|care &|education|319,856|275374|
|Other|trading|activities|2|5,523|886|
|Investment|income|3|1,782|20|
|Total|333,845|280,814|
|EXPENDITURE|ON|
|Raising|tunds|1,754|361|
|Charitable|activities|
|Pre-school|care &|education|305,297|265,530|
|Other|9,283|14,492|
|Total|316,334|280,383|
|NET INCOME|17,511|431|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|273,011|272,580|
|TOTAL FUNDS CARRIED|FORWARD|290,522|273,011|
----- End of picture text -----
The notes form part of these financial statements
Page 4
The Hollies Pre-School Limited (Registered number: 06256239)
Balance Sheet 31 August 2023
| 31.8.23 | 31.8.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 9 | 39,466 | 46,211 |
| CURRENT ASSETS | |||
| Debtors | 10 | 2,793 | 2,019 |
| Cash at bank | 310,858 | 274,789 | |
| 313,651 | 276,808 | ||
| CREDITORS | |||
| Amounts falling due within one year | 1] | (62,595) | (50,008) |
| NETCURRENT ASSETS | 251,056 | 226,800 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 290,522 | 273,011 | |
| NETASSETS | 290,522 | 273,011 | |
| FUNDS | 12 | ||
| Unrestricted funds | 290,522 | 273,011 | |
| TOTALFUNDS | 290,522 | 273,011 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of theCompanies Act 2006.
The trustees 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
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(b) preparing financial statements which give a true and fair view ofthe[state][of][ affairs][of][ the][charitable][company][as][at][the][end][of] cach financial year and of its surplus or deficit for cach 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.
The notes form part of these financial statements
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continued...
The Hollies Pre-School Limited (Registered number: 06256239)
Balance Sheet - continued 31 August 2023
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 14 March 2024 and were signed on its behalf by:
M G Deignan - Trustee
The notes form part of these financial statements
Page 6
The Hollies Pre-School Limited
Notes to the Financial Statements for the Year Ended 31 August 2023
- 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 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 | 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 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.
Governance costs
Governance costs include the costs of governance arrangements, which relate to the general running of the charity as opposed to the direct management functions.These activities provide the governance infrastructure, which allows the charity to operate, and to generate the information required for public accountability. Expenditure includes direct costs such as audit and legal advice and related support costs.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax 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 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 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 company’s pension scheme are charged to the Statement ofFinancial Activities in the period to which they relate.
Government grants
Grants received under the Coronavirus Job Retention Scheme to reimburse a proportion of wages costs for certain employees who have been asked to temporarily stop work are recognised within other income when the grant proceeds are receivable.
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
OTHER TRADING ACTIVITIES
4,
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31.8.23|31.8.22|
|£|£|
|Fundraising|events|5,523|886|
|INVESTMENT|INCOME|
|31.8.23|31.8.22|
|£|£|
|Deposit|account|interest|1,782|20|
|NET INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|31.8.23|31.8.22|
|£|£|
|Depreciation|-|owned|assets|9,283|14,492|
|Other operating|lcascs|8,626|8,000|
----- End of picture text -----
TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
STAFF COSTS
The average monthly number of employees during the year was as follows:
----- Start of picture text -----
||||
|---|---|---|
|31.8.23|31.8.22|
|Childcare|26|28|
|Administration|it|__1|
|27|29|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
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The Hollies Pre-School Limited
| Notes to the Financial Statements - continued | Notes to the Financial Statements - continued | ||
|---|---|---|---|
| for theYearEnded 31 August2023 | |||
| 7. | COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | |||
| fund | |||
| £ | |||
| INCOME ANDENDOWMENTS | FROM | ||
| Donations and legacies | 4534 | ||
| Charitable activities | |||
| Pre-school care& education | 275,374 | ||
| Other trading activities | 886 | ||
| Investment income | 20 | ||
| Total | 280,814 | ||
| EXPENDITURE ON | |||
| Raising funds | 361 | ||
| Charitable activities | |||
| Pre-school care& education | 265,530 | ||
| Other | 14.492 | ||
| Total | 280,383 | ||
| NET INCOME | 431 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 272,580 | ||
| TOTAL FUNDS CARRIED FORWARD | 273,011 | ||
| 8. | DEFERREDINCOME |
Grants received trom Cheshire East Council for Free Early Years Entitlement (FEEE) which relate to the following financial year are deferred and included within Accrued expenses.
The total income deferred in the current year was £28,264 (2022:£24, 140).
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The Hollies Pre-School Limited
9, TANGIBLE FIXED ASSETS
Notes to the Financial Statements - continued ~ for the Year Ended 31 August 2023
| 9, | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Short | Plant and | and | Computer | |||
| leaschold | machinery | fittings | equipment | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At |
September 2022 | 107,393 | 17,827 | 29,154 | 1,314 | |
| Additions | - | 1,027 | - | L511 | 2,538 | |
| At 31 August 2023 | 107,393 | 18,854 | 29,154 | 2,825 | 158,226 | |
| DEPRECIATION | ||||||
| At 1 September2022 | 71,276 | 14,017 | 23,856 | 328 | 109,477 | |
| Charge foryear | 5,576 | 1,758 | 1,324 | 625 | 9,283 | |
| At 31 August 2023 | 76,852 | 15,775 | 25,180 | 953 | 118,760 | |
| NETBOOK VALUE | ||||||
| At 31 August 2023 | 30,541 | 3,079 | 3.974 | 1,872 | 39,466 | |
| At 31 August 2022 | 36,117 | 3,810 | 5,298 | 986 | 46,211 | |
| 10, | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.8.23 | 31.8.22 | |||||
| £ | £ | |||||
| Trade debtors | 2,793 | 2,019 | ||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.8.23 | 31.8.22 | |||||
| £ | £ | |||||
| Trade creditors | 334 | - | ||||
| Other creditors | 603 | 411 | ||||
| Accrued expenses | 61,658 | 49,597 | ||||
| 62,595 | 50,008 | |||||
| 12. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.9.22 | in funds | 31.8.23 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 273,011 | 17,511 | 290,522 | |||
| TOTALFUNDS | 273,011 | 17,511 | 290,522 |
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The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Gencral fund | 333,845 | (316,334) | 17,511 |
| TOTAL FUNDS | 333,845 | (316,334) | 17,511 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.9.21 | in funds | 31.8.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 272,580 | 43] | 273,011 |
| TOTAL FUNDS | 272,580 | 431 | 273,011 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 280,814 | (280,383) | 431 |
| TOTAL FUNDS | 280,814 | (280,383) | 431 |
| A current year 12 months and prior year 12 months combined position isas | follows: | ||
| Net | |||
| movement | At | ||
| At 1.9.21 | in funds | 31.8.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 272,580 | 17,942 | 290,522 |
| TOTALFUNDS | 272,580 | 17,942 | 290,522 |
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continued...
The Hollies Pre-School Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Gencral fund | 614.659 | (596,717) | 17,942 |
| TOTALFUNDS | 614.659 | (596,717) | 17,942 |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
- AMOUNTS PAID TO INDEPENDENT EXAMINER
During the period payments were made to the independent examiner of £2,447 (2022: £2,220) for the independent examination of accounts and £4,187 (2022 : £3,639) for payroll.
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This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.