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2024-07-31-accounts

Registered number 06840267

Breakspeare Community Pre School

Report and Unaudited Accounts

31 July 2024

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 Max Jackman Kimberley O'Conner (resigned November 2023) Patrick Forest Jessica Smith (appointed November 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

1

Breakspeare Community Pre School Registered number: 06840267 Directors' Report

The directors present their report and accounts for the year ended 31 July 2024.

This year has been marked by growth, innovation, and a continued commitment to providing a nurturing environment for our children.

It is a privilege to share with you my Chairperson’s report for 2024. This has been my first year as Chair, and the team has made it an absolute honour and joy to work with them in this role. As a parent of children who attended the pre-school, I have witnessed firsthand the never-ending care, kindness, and professionalism that the team extends to all children and families.

I have truly enjoyed the opportunity to work alongside Lyn and the management team as we navigated various situations over the last year. I am happy to say that I will continue in this role to support the team, even though my children no longer attend the setting. I am passionate about the work they do and the safe space they provide as an early years setting in our community.

Enrollment and Curriculum

In the last academic year, we welcomed 70 children to our pre-school. This included 22 nursery-age children, with 18 actively participating in our Nursery curriculum. Under the leadership of Audrey, our Early Years Foundation Stage Coordinator, we have successfully implemented various learning groups. Notably, our Flower Group continues to be run by all Key persons, and the Petal Group, led by Kerry, has focused on essential phonics skills in the late spring and summer terms.

A new initiative this year was the introduction of a weekly Friendship Group, which Lyn led during the summer term. This group fostered essential social skills and aimed to prepare our Nursery children for school readiness through discussion and activities.

We also had 35 preschool-age children and 13 pre-preschool-age children, all of whom could engage in our Leaf Group. This small, focused activity promotes turn-taking, sharing, and listening skills, enriching our children's developmental experience.

Support for Additional Needs

Our dedicated SEND Coordinators, Carrie and Charlotte, have worked diligently with 7 children under our SEND umbrella. They collaborate closely with parents and Key persons to provide the necessary support for these children. Additionally, Kerry, our Behaviour Lead, has been instrumental in addressing emotional and behavioural concerns, ensuring a supportive environment for all families.

Staff Training and Development

This year, we invested in our staff’s professional development through various training programs, including:

Management and Policies

Lyn’s commitment to professional development extends to her participation in early years network meetings, ensuring that our practices remain current and compliant with the statutory framework. Annual reviews of our policies and procedures have been successfully managed by Lyn, supported by Amanda, our Office Manager, and Jane, our Registration and Finance Officer.

2

Breakspeare Community Pre School Registered number: 06840267 Directors' Report

Fundraising Events

This year has seen tremendous community support through various fundraising events, raising over Smarties Challenge – October 2023: Raised £320

Christmas Raffle – December 2023: Raised £620

Cake & Cookie Sale – November 2023 & March 2024: Raised £263

Bunny Hop – April 2024: Raised £393 Photo Commission – November 2023 & May 2024: Raised £784 Jazzy Jars @ Tanners Wood Summer Fete – June 2024: Raised £185

With these funds, the committee purchased sticker books for the children, which were gifted during Christmas, and hosted a free afternoon with Mr. Marvel, a children’s entertainer, in July, which was well received by all families.

In addition to our fundraising efforts, staff and children participated in community contributions by wearing spots and Pudsey-themed clothing for Children in Need in November 2023, raising £39.73. For Red Nose Day and St. Patrick’s Day in March 2024, we raised £30 for Comic Relief by wearing red and green attire.

New Initiatives

We were thrilled to launch our Toy Library this year, allowing preschool families to borrow toys for open-ended and imaginative play. Funded by the Early Years Pupil Premium, this initiative aims to foster home engagement in play. While we produced catalogues and shared information about the library, uptake has been minimal. We will be focusing on strategies to increase its usage in the coming academic year.

Conclusion

In closing, I want to express my gratitude to our staff, parents, and the community for their continued support and commitment to Breakspear Pre School. Together, we are laying a strong foundation for our children's future. As we move forward, I am excited about the opportunities that await us and the positive impact we can have on our children’s lives.

Thank you for your dedication and partnership.

Jessica Smith

Chairperson, Breakspear Pre School

3

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 2024

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:

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

(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

7 October 2024

4

Breakspeare Community Pre School Statement of financial activities (including summary income and expenditure account) for the year ended 31 July 2024

Income
Administrative expenses
Reversal of rental expense
Operating profit
Interest receivable
Profit before taxation
Tax on profit on ordinary activities
Profit for the financial year		 2024
2024
2024
£
£
£
Unrestricted Restricted
Total
funds
funds
funds
211,605
1,554
213,159
(198,691)
-
(198,691)
-
-
-
12,914
1,554
14,468
108
-
108
13,022
1,554
14,576
-
-
-
13,022
1,554
14,576		 2023
£
201,715
(194,363)
23,704
31,056
-
31,056
-
31,056

5

Breakspeare Community Pre School Registered number: 06840267 Balance Sheet as at 31 July 2024

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due
within one year
5
Net current assets
Net assets
Funds of the charity
Internal painting reserve
6
Wages and salary reserve
6
Rent reserve
6
Profit and loss reserves
Total funds		 2024
2024
£
£
Unrestricted
Restricted
funds
funds
3,021
-
726
-
97,334
1,554
98,060
1,554
(2,224)
-
95,836
1,554
98,857
1,554
3,599
-
22,261
-
-
-
72,997
1,554
98,857
1,554		 2024
2023
£
£
Total
funds
3,021
5,376
726
-
98,888
89,236
99,614
89,236
(2,224)
(8,777)
97,390
80,459
100,411
85,835
3,599
3,599
22,261
23,704
-
3,234
74,551
55,298
100,411
85,835

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.

Jessica Smith Director Approved by the board on 7 October 2024

6

Breakspeare Community Pre School Statement of Changes in Equity for the year ended 31 July 2024

At 1 August 2022
Profit for the financial year
Movement - wages reserve
At 31 July 2023
At 1 August 2023
Profit for the financial year
Movement - wages reserve
Movement - rent reserve
Total comprehensive income for the
financial year
At 31 July 2024		 Wages/
salary
reserve
£
-
-
23,704
23,704
23,704
-
(1,443)
-
22,261
22,261		 Rent
reserve
£
-
-
-
3,234
3,234
-
-
(3,234)
-
-		 Internal
painting
reserve
£
3,599
-
-
3,599
3,599
-
-
-
3,599
3,599		 Profit
and loss
account
£
51,181
31,055
(23,704)
55,298
55,298
14,576
1,443
3,234
74,551
74,551		 Total
£
54,780
31,055
-
85,835
85,835
14,576
-
-
100,411
100,411

The rent reserve was released in the year. Increases in wages were booked to the Wages and salary reserve which was set up to enable the charity to increase wages without increasing fees.

7

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

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.

 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.

8

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

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.

9

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

2.4 Assets

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.

10

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

3 Income

Unrestricted funds
Restricted funds
£
£
Donations
50
-
Charitable
activities
50,062
-
Grants
161,493
1,554
211,605
1,554
4
5
6
7
Paid employees
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
HCC Additonal Support Funding
HCC EYPP
HCC Funding		 2024
£
50
50,062
163,047
213,159
2024
£
374
1,519
1,554
159,600
2024
£
325
2024
£
1,020
2024
£
153,998
1,689
10,886
3,683
170,256		 2023
£
-
45,196
156,519
201,715
2023
£
1,121
10,133
1,959
141,556
2023
£
529
2023
£
720
2023
£
153,338
876
10,916
3,105
168,235

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.

11

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

2
Employees
Average number of persons employed by the company		 2024
Number
15		 2023
Number
17

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 2023
At 31 July 2024
Depreciation
At 1 August 2023
Charge for the year
At 31 July 2024
Net book value
At 31 July 2024
At 31 July 2023		 £
17,204
17,204
11,828
2,355
14,183
3,021
5,376

12

Breakspeare Community Pre School Notes to the Accounts for the year ended 31 July 2024

4
Debtors
Trade debtors
Prepayments - rent
5
Creditors: amounts falling due within one year
Other creditors
6
Internal painting reserve
At 1 August 2023
At 31 July 2024
7
Wages and salary reserve
At 1 August 2023
Movement
At 31 July 2024		 2024
£
188
538
726
2024
£
2,224
2024
£
3,599
3,599
2024
£
23,704
(1,443)
22,261		 2023
£
-
-
-
2023
£
8,777
2023
£
3,599
3,599
2023
£
-
23,704
23,704
A Wages and salary reserve was set up in 2023 to enable the charity to increase wages without A Wages and salary reserve was set up in 2023 to enable the charity to increase wages without
increasing fees.
8 Rent reserve 2024
2023
At 1 August 2023 £
£
3,234
3,234
Movement (3,234)
-
At 31 July 2024 -
3,234

9 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.

13

Breakspeare Community Pre School Detailed income and expenditure account for the year ended 31 July 2024

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
Donations
Bank interest
Administrative expenses
Employee costs:
Wages and salaries
Pensions
Employer's NI and PAYE
Staff training and welfare
Refreshments
T-Shirts and uniforms
Gifts
Premises costs:
Rent - after releasing reserve
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
Sundry expenses
Legal and professional costs:
Accountancy fees
Advertising and PR
Other legal and professional		 2024
£
44,663
3,114
374
1,519
1,554
159,600
-
1,302
983
50
108
213,267
153,998
10,886
1,689
1,175
491
1,462
555
170,256
1,107
809
1,514
5,151
8,581
325
1,026
386
1,323
4,657
1,763
5,803
2,355
1,163
18,801
1,020
20
13
1,053
198,691		 2023
£
38,135
5,128
1,121
10,133
1,959
141,556
1,750
929
1,004
-
-
201,715
153,338
10,916
876
980
533
1,106
486
168,235
(20,470)
1,062
-
4,245
(15,163)
529
1,236
393
1,262
6,489
1,878
732
2,355
453
15,327
720
27
1,513
2,260
170,659

14