2023-07-31-accounts - Breakspeare Community Pre-School

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Registered number 06840267

Breakspeare Community Pre School

Report and Unaudited Accounts

31 July 2023

Breakspeare Community Pre School Report and accounts Contents

	Page
Company information	1
Directors' report	2
Independent examiner's report	4
Income and expenditure account	5
Statement of financial activities (including summary income and expenditure account)	6
Statement of changes in equity	7
Notes to the accounts	8

Breakspeare Community Pre School Company Information

Directors

Emma Gallagher Anna Walkington (resigned January 2023) Kirsty Hall (resigned January 2023) Max Jackman (appointed January 2023) Kimberley O'Conner (appointed January 2023) Patrick Forest (appointed January 2023) Hayley Neall (resigned January 2023)

Secretary

Britta Smith

Accountants

Chipperfield Accounting Ltd Holly Cottage Kings Lane Chipperfield WD4 9EP

Registered office

School Mead Abbots Langley Herts WD5 0LB

Registered number 06840267

Breakspeare Community Pre School Registered number: 06840267 Directors' Report

The directors present their report and accounts for the year ended 31 July 2023.

I am delighted to provide you with my chair person report for 2023, this is my second year as chair and I am sad to say I will be stepping down at this years AGM, it has been an absolute privilege to be a part of the pre-school committee, I have experienced first hand as a parent the excellent work the team offer the children and their families and as chair I have been able to see the work that goes on behind the scenes to make the pre-school as wonderful as it is.

The team are led by a fantastic manager in Lyn and she has continued to excel over the last year, continuing her own personal development and successfully navigating the school through the recent ofsted inspection. The whole team including all the admin support should be incredibly proud of the environment they provide. I have no doubt they will continue to excel and will continue to provide a safe, nurturing environment for children and families in the community for many years to come.

Children

Last academic year September 2022 – July 2023 we had 76 children registered with us. We had a higher ratio of boys this year.

We had 24 children of nursery age with 20 of those accessing the nursery curriculum. The nursery cohort planning is continued to be done by Audrey, our early years foundation stage co-ordinator, flower group is run by all the key workers and an additional group (petal group) is run by Kerry in the late spring and summer terms focussing on phonics, letters and sounds, rhyming and blending letters for word formation.

45 preschoolers and 7 pre-preschoolers.

Additional needs

Carrie and Charlotte completed their Certsey SENDCO qualification. We had a higher number of children than usual under our SEN umbrella this year. 3 of whom needed 1:1 support., the committee kindly agreed to fund this until LHNF was applied for and obtained. The children were supported by Debbie, Carrie, Charlotte, Lyn, Audrey, and Hayley. Some of the team did additional hours so we could continue to support the rest of the cohort with minimal disruption.

Both Charlotte and Carrie were responsible for attention autism sessions, applying for single service request, applying for LHNF writing IEP’s with the input of specialist advisory teachers and the children’s Keyperson.

Kerry has continued to be our behaviour lead and supports children, families, and keypersons with any emotional or behaviour issues they may have concerns over.

Staff/Training

Training undertaken by staff this past year. Showcasing your provision during an Ofsted Autism (Bucket) training with Michelle Plunkett Safeguarding SEN Audit Bucket Training 2 Supporting Smooth Transitions Supporting Speech Sound Development Child Protection for Lead DSP SENCo Cluster

Ofsted

The long-anticipated Ofsted inspection took place in May and went very well. The team and the children were fantastic and achieved a rating of Good by Ofsted.

Breakspeare Community Pre School Registered number: 06840267 Directors' Report

Preschool Events:

Fundraising events this year have included: Smarties Challenge – October 2022 Quiz Night – November 2022 Christmas Raffle – December 2022 Photos Shoots Christmas & Summer – October 2022 & May 2023 Happy School Bag Collections – November 2022 & April 2023 Sponsored Bunny Hop – April 2023 Facebook Marketplace Sales – Ad hoc Handprint Tea Towels – July 2023

These events raised over £3400 for preschool.

The committee purchased stickers books for the preschool children and gave these to them for Christmas in December. In January we took some of the children to Primrose Hill orchard to plant a pear tree as part of the ‘Queen’s Green Canopy’ organised by Abbots Langley Parish Council. In February we won the Tesco Blue Token Scheme and used the grant we were awarded to buy some adult and children’s chairs and a wooden sofa seat for the book corner, all of which have been a great addition to the setting. In July the committee hosted a free afternoon for the preschool children to come and see Mr Marvel followed by a Teddy Bears Picnic which was a really enjoyable afternoon for all involved.

As part of our positive contribution activities, we invited the children and staff to wear spots and Pudsey themed clothing to preschool in November raising money for Children In Need, held ‘Christmas Jumper Week’ in December raising money for Save The Children and wore red and green to preschool on St Patrick’s Day in March raising money for Comic Relief.

Conclusion:

All in all 2022/23 has been an incredible year for the preschool and I am honoured to have been a part of it, I certainly couldn't have done it without the amazing committee without who the school cannot run. I would like to thank a number of members who have said they will be stepping down at this AGM including Kerry but the biggest thanks must go Hayley who has been incredible in the fundraising role for the last few years and will be a huge miss to the group.

Although I am stepping down as chair I am happy to stay on the committee and support the new chair-person. I honestly wish the new committee members and all the staff the best.

This report was approved by the board on 2 October 2023 and signed on its behalf.

Emma Chaplin (Gallagher) Director

Breakspeare Community Pre School

Independent Examiner's Unqualified Report to the Trustees of Breakspeare Community Pre School Breakspeare Community Pre School for the year ended 31 July 2023

Respective responsibilities of trustees and examiner

The Pre School's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Pre-School's trustees consider that an audit is not required for the year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts (under Section 145 of the 2011 Act);
follow the procedures laid down in the general Directions given by the Charity Commissioners under Section 145(5)(b) of the 2011 Act); and
state whether particular matters come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by Breakspeare Community Pre School and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements

to keep accounting records in accordance with Section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 386 of the Companies Act and with the methods and principles of the Charities SORP (FRS102) have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached.

Chipperfield Accounting Ltd Chartered Accountants Holly Cottage Kings Lane Chipperfield WD4 9EP

2 October 2023

Breakspeare Community Pre School Statement of financial activities (including summary income and expenditure account) for the year ended 31 July 2023

Income Administrative expenses Reversal of rental expense Operating profit Profit before taxation Tax on profit on ordinary activities Profit for the financial year	2023 2023 2023 £ £ £ Unrestricted Restricted Total funds funds funds 201,715 - 201,715 (194,364) - (194,364) 23,704 - 23,704 31,055 - 31,055 31,055 - 31,055 - - - 31,055 - 31,055	2022 £ 177,848 (174,413) - 3,435 3,435 - 3,435

Breakspeare Community Pre School Registered number: 06840267 Balance Sheet as at 31 July 2023

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Funds of the charity Internal painting reserve 5 Wages and salary reserve 6 Rent reserve 6 Unrestricted reserves Total funds	2023 2023 £ £ Unrestricted Restricted funds funds 5,376 - 89,236 - (8,777) - 80,459 - 85,835 - 3,599 - 23,704 - 3,234 - 55,298 - 85,835 -	2023 2022 £ £ Total funds 5,376 4,264 89,236 76,820 (8,777) (26,304) 80,459 50,516 85,835 54,780 3,599 3,599 23,704 - 3,234 - 55,298 51,181 85,835 54,780

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime and FRS102 SORP.

Emma Chaplin (Gallagher) Director

Approved by the board on 2 October 2023

Breakspeare Community Pre School Statement of Changes in Equity for the year ended 31 July 2023

At 1 August 2021 Profit for the financial year Movement Total comprehensive income for the financial year At 31 July 2022 At 1 August 2022 Profit for the financial year Movement - wages reserve Movement - rent reserve Total comprehensive income for the financial year At 31 July 2023	Wages/ salary reserve £ - - - - - - - 23,704 - 23,704 23,704	Rent reserve £ - - - - - - - - 3,234 3,234 3,234	Internal painting reserve £ 5,755 - (2,156) 3,599 3,599 3,599 - - - 3,599 3,599	Profit and loss account £ 47,746 3,435 - 51,181 51,181 51,181 31,055 (23,704) (3,234) 55,298 55,298	Total £ 53,501 3,435 (2,156) 54,780 54,780 54,780 31,055 - - 85,835 85,835

An accrual for rent for prior years for £23,704 was reversed in the year since HCC will only collect rent from 2023. A new Wages and salary reserve was set up to enable the charity to increase wages without increasing fees. A rent reserve has been set up for rent collections.

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

1 Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and with the Charities Act 2011.

No material prior year error have been identified in the reporting period.

2.1 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted.

2.2 Recognition of income Recognition of These are included in the Statement of Financial Activities (SoFA) when: income

 the charity becomes entitled to the resources;

 it is more likely than not that the trustees will receive the resources;  the monetary value can be measured with sufficient reliability. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and Grants and donations are only included in the SoFA when the general income donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government The charity has received government grants in the reporting period. grants Tax reclaims on Gift Aid receivable is included in income when there is a valid declaration from donations and the donor. Any Gift Aid amount recovered on a donation is considered to be part gifts of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual This is only included in the SoFA once the charity has provided the related goods income and or services or met the performance related conditions. performance related grants Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

Donated Donated services and facilities are included in the SOFA when received at the services and value of the gift to the charity provided the value of the gift can be measured facilities reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from This is included in the accounts when receipt is probable and the amount interest, receivable can be measured reliably. royalties and dividends Income from Membership subscriptions received in the nature of a gift are recognised in membership Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of Insurance claims are only included in the SoFA when the general income insurance recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an claims item of other income in the SoFA. Investment This includes any realised or unrealised gains or losses on the sale of gains and investments and any gain or loss resulting from revaluing investments to market losses value at the end of the year.

2.3 Expenditure and liabilities Liability Liabilities are recognised where it is more likely than not that there is a legal or recognition constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance Support costs have been allocated between governance costs and other support. and support Governance costs comprise all costs involving public accountability of the charity costs and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with Where the charity gives a grant with conditions for its payment being a specific performance level of service or output to be provided, such grants are only recognised in the conditions SoFA once the recipient of the grant has provided the specified service or output. Grants payable Where there are no conditions attaching to the grant that enables the donor without charity to realistically avoid the commitment, a liability for the full funding performance obligation must be recognised. Redundancy The charity made no redundancy payments during the reporting period. Deferred No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. Provisions for A liability is measured on recognition at its historical cost and then subsequently liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date. Basic financial The charity accounts for basic financial instruments on initial recognition as per instruments paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

2.4	Assets
	Tangible fixed	These are capitalised if they can be used for more than one year.
	assets for use	They are valued at cost.
	by charity	The depreciation rates and methods used are disclosed in note 9.
	Intangible fixed	The charity has intangible fixed assets, that is, non-monetary assets that do not
	assets	have physical substance but are identifiable and are controlled by the charity
		through custody or legal rights. The amortisation rates and methods used are
		disclosed.
		They are valued at cost.
	Heritage assets	The charity has heritage assets, that is, non-monetary assets with historic,
		artistic, scientific, technological, geophysical or environmental qualities that are
		held and maintained principally for their contribution to knowledge and culture.
		They are valued at cost.
	Investments	Fixed asset investments in quoted shares, traded bonds and similar investments
		are valued at initially at cost and subsequently at fair value (their market value) at
		the year end. The same treatment is applied to unlisted investments unless fair
		value cannot be measured reliably in which case it is measured at cost less
		impairment.
		Investments held for resale or pending their sale and cash and cash equivalents
		with a maturity date of less than 1 year are treated as current asset investments.
	Stocks and	Stocks held for sale as part of non-charitable trade are measured at the lower or
	work in	cost or net realisable value.
	progress
		Goods or services provided as part of a charitable activity are measured at net
		realisable value based on the service potential provided by items of stock.
		Work in progress is valued at cost less any foreseeable loss that is likely to occur
		on the contract.
	Debtors	Debtors (including trade debtors and loans receivable) are measured on initial
		recognition at settlement amount after any trade discounts or amount advanced
		by the charity. Subsequently, they are measured at the cash or other
		consideration expected to be received.
	Current asset	The charity has investments which it holds for resale or pending their sale and
	investments	cash and cash equivalents with a maturity date less than one year. These
		include cash on deposit and cash equivalents with a maturity of loss than one
		year held for investment purposes rather than to meet short-term cash
		commitments as they fall due.
		They are valued at fair value except where they qualify as basic financial
		instruments.

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

3 Income

Unrestricted funds Restricted funds £ £ Donations - - Charitable activities 45,196 - Grants 156,519 - 201,715 - 4 5 6 7 Paid employees HCC Additonal Support Funding HCC EYPP HCC Funding HCC Inclusion Funding HMRC CJRS grant and SSP Salaries and wages Social security costs Pension costs Other employee benefits Grant Generating funds and publicity Details of certain types of expenditure Accountancy fees Analysis of receipts of government grants Expenditure	2023 £ - 45,196 156,519 201,715 2023 £ 1,121 - 10,133 1,959 141,556 1,750 2023 £ 529 2023 £ 720 2023 £ 153,339 876 10,916 3,105 168,236	2022 £ 200 55,049 122,599 177,848 2022 £ - 48 - - 122,551 - 2022 £ 7 2022 £ 720 2022 £ 138,174 1,506 10,043 3,422 153,145

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

2 Employees Average number of persons employed by the company	2023 Number 17	2022 Number 16

3 Tangible fixed assets

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line Cost At 1 August 2022 Additions At 31 July 2023 Depreciation At 1 August 2022 Charge for the year At 31 July 2023 Net book value At 31 July 2023 At 31 July 2022	£ 13,737 3,467 17,204 9,473 2,355 11,828 5,376 4,264

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2023

4 Creditors: amounts falling due within one year Other creditors 5 Internal painting reserve At 1 August 2022 Movement At 31 July 2023 6 Wages and salary reserve At 1 August 2022 Movement At 31 July 2023	2023 £ 8,777 2023 £ 3,599 - 3,599 2023 £ - 23,704 23,704	2022 £ 26,304 2022 £ 5,755 (2,156) 3,599 2022 £ - - -

7 Rent reserve At 1 August 2022 Movement At 31 July 2023	2023 £ - 3,234 3,234	2022 £ - - -

A rent reserve has been set up for rent collections.

8 Other information

Breakspeare Community Pre School is a private company limited by shares and incorporated in England. Its registered office is School Mead, Abbots Langley, WD5 0LB.

Breakspeare Community Pre School Detailed income and expenditure account for the year ended 31 July 2023

This schedule does not form part of the statutory accounts

Income Fees Fundraising Grant HCC Additonal Support Funding HCC EYPP HCC Funding HCC Inclusion Funding Registration Fees Uniform HMRC CJRS grant and SSP T-Shirt income Donations Administrative expenses Employee costs: Wages and salaries One to One Costs Wages and salaries Support Costs Wages and salaries Pensions Employer's NI and PAYE Staff training and welfare Refreshments T-Shirts and uniforms Gifts Premises costs: Rent - current year Rent - reversal of prior year accruals Council tax/rates Light and heat Cleaning and rubbish collection General administrative expenses: Generating funds and publicity Stationery, printing and telephone Subscriptions Insurance Equipment expensed Software and IT Repairs and maintenance Depreciation Bad debts Sundry expenses Legal and professional costs: Accountancy fees Debt collection Advertising and PR	2023 £ 38,135 5,128 1,121 10,133 1,959 141,556 1,750 929 1,004 - - - 201,715 9,074 1,658 142,607 10,916 876 980 533 1,106 486 168,236 3,234 (23,704) 1,062 - 4,245 (15,163) 529 1,236 393 1,262 6,489 1,878 732 2,355 - 453 15,327 720 - 27	2022 £ 47,963 4,981 - - - 122,551 - 1,170 - 48 935 200 177,848 138,174 - 10,043 1,506 1,127 420 1,275 600 153,145 3,234 - 986 298 3,740 8,258 7 1,173 383 1,225 3,901 1,691 1,938 1,489 378 47 12,232 720 50 8

Breakspeare Community Pre School Detailed income and expenditure account for the year ended 31 July 2023

This schedule does not form part of the statutory accounts

Other legal and professional	2023 £ 1,513 2,260 170,660	2022 £ - 778 174,413