Company registerod number 5493614 Charity registered number 1131512 Greenhills Pre-school Unaudited Financial statements For the year ended 31 August 2024 Greenhills Pre-school Unaudited Financial statements Contents Page Trustees, Director, officers 2nd advisers Director's and Trustees, Report Independent Examiner's report Statement of Financial Activities {incorporating the Income 2nd Expenditure Account) Balance sheet Statement of Cash Flows Notes to the financial statements Details of Activities Greenhills Pre-school Director's and Trustees. Report Trustees, Director, officers and advisers Director and Trustees M. Thompson Director J. MacDonald Trustee L. 8ucknall Trustee E. Hornby Truslee K Gordon Trustee R. Jamieson Trustee H. Bamford Trustee K. Steele Truslee ointed 2210812022 0211112022 0211112022 0211112022 Resi 2311112023 2311112023 2311112023 2311112023 2311112023 Accountants Ogden Townsend Limited 24-26 Jordangate Macclesfield Cheshire SK10 1EW Independent Examiner Alan Ogden 09den Townsend limiled 24126 Jordangate Macclesfield Cheshire SK10 1EW Bankers Royal Bank of Scotland 56 Chestergate Macclesfield Cheshire SK116BA Registered office and Principal Place of Business The Marlborough County Primary School Tytherington Drive Macclesfield Cheshire SK10 2HJ Company number 5493614 Registsred Charity number 1131512 Greenhills Pre-school Director's and Trustees. Report Tha Trugtooo pr&oont th@ Dir&etor'o and Trugteeg, Rèport 2nd thu financial 4ta*emants of the company for the year ended 31 August 2024. In preparing these financial statements the trustees have complied with the duty in section 4 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission, including public benefit guidance. Principal activity and objective The principal 2Ctivity of the charity is to provide activities, experiences and equipment that will satisfy and stimulate children's intellectual needs and lo help with the first steps towards th& National Curriculum. The objectives of Ihe charity are to provide a safe. caring and gtimu12ting environment in whieh hildren can develop educationally and socially. In setting the objectives and planning our activities the Trustees have 9iven careful consideratlon to the charity Commission's general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing education and on fee charging. All children are welcome to attend and bursaries are available to ensure that even those families unable to afford the fees are able lo be included. There are funded trips for the Children as well as a day-t&day onvironment created to maximise learning in all areas. Structure, governance and management Thè charity is an independent charity reglstered under The Charities Act 2011 and incorporated under The Companies Act 2006. The Gharity operales under Ils Memorandum and Articl68 of A33OGiation and has absorbed the Pre-school Learning alli8nce Constitution within these. The Charity is governed by a commitlgè who are responsible for the appointment of Trustees and for satling r6muneration of the company officials. Trustees are recruited by invitation from members of the Committee and Directors are appolnted at the Annual General Meeting. AGhievements and performance During the year the charity provided quality education to pr¢-5Ghool children from the age Of throa, of which all four year old& have, since, progressed to full-lime educ2tion. Financial Review The charity recognigog that il has 8 commitment lo provide appropriate premises in which lo Conduct its activities and, so as lo ensure that this Gommitment can be mèt in tho futuro, it has a policy of building a reserve which has b@en earmarked tor the refurbishment or replacement of the building, and to cover tho contractod restitution of the land on which the Charity's building rests at such time as the charity should cease its operations. This reserve currently st2nds at £12,387 12023- £8,403). The Trustees also consider it prudent to set aside funds to cover tho eventual redundancy costs in the event of Ihe school closing and have therèforé adopted a policy of building a reserve for this purpose. This reserva has b8en maintained al a level estimated to cover three months of salaries. It curr&ntly stands at £22,00012023 - £22,000). Thes8 designated reserves are represented by cash held on a separate deposit account opened specifically for th8 purpose, The remaining reserveg aro hold to ensure that the charity can continue to achieve ils objectives in thè future, and to protect the Gharily from future fluctuations in the level of income. Greenhllls Pre-school Director's and Trustees. Report Trustees, responsibilities Company law requires the Irustees to prepaFe the Director's and Trustees, Fleport and the financial statements in accordance with applicable law and regulations and in aGGordanGe with United Kingdom Generally Accepted Accounting Practice (UK GAAP). Company law prgvents the trustees from approving the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit for that period. In preparing those financial statements, the trustees are required lo.. select suitable accounting policies and Ihen apply them consistently- rnake judgements and estimates thal are reasonablg and prudent. slate whether appliGable accounting standards have been followed, subject to any material departures disclosed and oxplained in the financial staternenls., and prepare the financial statements on the going concern basis unless it is inappropr12te to presume that the company wlll continue in buslness. The trustees are responsible for kaeping adequate accounting records that are sufficient to show and explain the companvs transactions and disclose, with reasonable accuracy, at any time, the financial position of the company and that enable them to ensure that the financial statements Gomply with the Companies Act. They are also responsible for safeguarding the assets of the company and hence for taklng reasonable steps for the preventlon and detection of fraud and other irregularitios, and, where appropriale, are responsible for the maintenanGe and integrity of the Gorporale and financlal information included on the companys web-site. 11 is important to bear in mind that1gglg12tion in the United Kingdom governing the preparation and dissemination of financial staternenls may differ Small company speclal provislons The above report has been prepared in aGGordance with the speGial provisions relating to companies subj&ct to the small companies regima Part 15 of the Comp2niÉs Act 2006. This report was approved by the board on Trust8e M. Thompson Greenhills Pre-school Independent examiner's report to the trustees of Greenhills Pre-school I report on the financial statèmenls of the company for the year @nded 31 August 2024 which are set out on pages 5 to 13. Respective responsibilities of trusteÈs 2nd èxaminer The Trustees (who are also the directors of the charity for the purposes of company lawl are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 145 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, il is my responsibility to.. examine the financial statements undér scetion 145 of the 2011 Act, to follow the procedures laid down in the general directions given by the Charities Commission under section 145(5)Ibl of the 2011 Act.. and to slate whether particular matters have come to my attenlion. Basis of independent examiner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a Gomparison of the rinancSal statements presented with those records. It also includes consideration of any unusual Items or disclosures in the financial slatoments, and seeking explanatlons from you ag trustees concerning any such matters. The procédures undartaken do not provide all the evidence thal would be required in an audit and consequently no opinion is given as to whether the financial statements present a "true and fair view" and the report is lirnitod lo those mattgrs set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention which givés MÈ r&asonablé cause to believe Ihat in any matorial rospect the requirements.. to keep accounting records in 2ccord2nce with section 386 of the Compsnies Act 2006,. and to keep accounting records in accordance with section 396 of the Companies AGt 2006 other than any requirement to give a true and fair view- and to prepare the financial statements in accordance with the methods and principles set out in the Charities SORP IFRS 102), have not been met., nor hav& any matters comè to my attention which, in my opinion, should be drawn to the Trustee9' attention in order to enable a proper understanding of the financial statements to be reachad. 24126 Jordangate Macclesfield Cheshire SK10 1EVV D. A. Ogden 09¢en Townsena Ilmite¢ Dated 29 [Ip[z N CQ ￿￿7 ts3 (7> rfD "l1,1'151 OJ (D Ln ) o) 3 .141 * u) * Lr• Inowir ¢YDYJQ U o J J 7Jkn._U C ? C Greenhills Prè-school Balance Sheet as at 31 August 2024 Company number: 5493614 Charity number". 1131512 Notoo 2024 2022 Fixed a55ets Tangible assets 1,ogs 1,833 1,095 1,833 Current assets Debtors Designated investments (bank deposlt accounti Cash al bank and in hand 198 4.942 34,387 87,356 121,941 30,403 47,753 63,098 Creditors: amounts falling due within one year 29,477 16,835 Net Gurrent assots 92.464 66,263 Total assets less current Ilabilities 93,559 88,096 The funds of the charlty Unr@strictÉd funds.. Designated funds General fund Total funds 34,387 5g,172 93,559 30,403 37,6gs 68,096 The trustees aro satisfied that the company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of that Act. The diredor and trustees a¢knowled9e their responsibilities for ensuring that the company keapg proper accounting records which comply with Section 386 of the Comp2nies Act 2006,. and for preparing fi'nancial statements which givo a true and fair view of the slate of affairg of the company as al the end of the flnanc181 year and of ils profil or loss for the linancial year in gccordance with the r8quirem8nts of Section 393 of the Companies Act 2006, and which olherwigè comply with the requirements of this Act relating to accounts, so far as applicaf)le lo the company. M. Thompson Director Approved by the board Dn zF/f./z4¥ Greenhills Pre-school Statement of cash flows for the year ended 31 August 2024 2024 2023 Cash flows from o eratin PFofiU{loss) activilies 25,463 14,996) Adjustments for-. Deprecialion 1,087 1,000 26,550 13,996) Movements in working capital Decrease l {Increase) in equipment Decrease I Ilncrease} in debtor5 Increase l (Decrease) in creditors Net cash generated froml(used in) operatlng activitie5 (34g) 4,744 12,642 43,587 {4,357) 7,442 911 Cash flows from investln activities {Increase)IreduGtion in desi9nated bank balances Net cash used in investlng aGtivities 3,984) 3,984 272) 272 Cash flDWS from financin aGtivities Net inGreaselldeGrease) in cash and cash equivalents 39,603 (1,183) Cash and cash equivalents at the be9inning of the year 47,753 48,936 Cash and cash oquivalents at the end of the year 87,356 47,753 Greenhills Pre-school Notes to the Accounts for the year ended 31 August 2024 1 Accounting policies The financial statements have been prepared in accordance with "FRS102" The Charities SORP IFRS102)', and the Companies Act 2006. Gompany status The company is a public benefit entity, incorporated in England and Wales and is limited by guarantee. The liability in respect of the guarantee, as sel out in the Memorandum of Association, is limited to £1 per member. There are eighl members. Capitalisation and depreciation of tangible fixed assots Nèw assets are only capitalised if over £500 in value at the time of acquisition. Freehold buildings Equipment 5 10 on cost 250/0 on cost Leasing and hire purchase commitmonts Rentals paid under operating leases are char9ed to income as they fall due. 2 InGome and expenditurg recognition InGome The ineomo is attributable to the one principal activity of the charity. Inoome is recognised when all of the followin9 criteria heve been met.. The Gompany is entitled to the income. it is probablè that the income will be received, 8nd the monet2ry Value of tho income can be reliably measured. GrarTrts are received from the Local Authority in respect of the number of children on the roll. Any unspent balances on grants are carried forward on the appropriate fund for use in future periods. Where the income is depgndent on specific pÈrformance the grant will be deferred until the criteria above have been delermined. Where the above crileria have been mel, but the gr3nt is in resD8ci of future periods, then the inGome is recognised and tre21od as restricted or designated as appropriate. Expenditure Exponditure ig recognised, on an accruals basis, in the year in which the activity, giving rise to the liability, occurs. Greenhills Pre-school Notes to the Accounts for the year ended 31 August 2024 3 Net incomel{expendlture} for the year 2024 2023 This is stated after charging: Director's remuneration Social seGurity Gosts Payroll costs (excluding directors romunaration) Pension Gosts Training costs Total staff Gosts Depreciation of owned fixed assets Independent examiner's fee 27.140 884 65,912 1,673 232 95,841 1,087 144 25,525 584 63,264 1,807 339 91,519 1,000 132 No. staff recelving remuneration in exces8 of £60,000. Average number of employees Average number of full-time staff Average nurnber of part-time staff One trustee, Mrs. M. Thompson, receives remuneration as an employee in respect of the provision of teaching services provided to the charity. The remuneration is detailed above. Safeguards have been adopted, in accordance with the 2011 Charities Act, to ensure that no remuneration is paid in respect of work carried out as a trustee, nor is this trustee involved in the setting of the remuneration for this role. No trustees Glaimed expenses durlng the year. Taxation As a eharity the company is exempt from Corporation Tax. Groenhtlls Pre-school Notes to the Accounts for the year ended 31 August 2024 5 Tangible fixed assets Buildings Equipment Total Cost At 1 September 2023 Additions At 31 August 2024 28,957 2,783 349 3,132 31,740 349 32,089 28,957 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 27,124 1,000 28,124 2,783 87 2,870 29,907 1,087 30,994 Net book value At 31 August 2023 1,833 262 1,833 At 31 August 2024 833 262 1,095 6 Debtors 2024 2023 Prepayments 198 585 198 585 Creditors: amounts falllng due within one year 2024 2023 Accruals and deferred income Other taxes Other creditors 26,356 ,953 1,168 29,477 16,633 202 16,835 Greenhills Pre-school Notes to the Accounts for the year ended 31 August 2024 8 Unrestricted dosignated funds Buildings Redundancy Reserve Reserve Al i geptember 2023 Transfer (tollfrom general reserve At 31 August 2024 8,403 3.984 12,387 22,000 Unrestrlcted general funds 2024 2023 Al I September 2023 (Deficitl15urplus for the year Transfer Itollfrom other funds At 31 August 2024 37,693 25,463 3,984 59,172 42,961 14,9961 (2721 37,893 The general reserves are unrestricted and have not been specifically allocated. They exist to provide the Charity with financial protection for its operations in the event of incl8ment economic Gonditions. The Trusteès have not determined a specific general reserves policy. but review the reserves of the charity on a regular basis. 10 Operating lease commitments 2024 2023 The tot21 futuro minimum lea2e paymants under non-cancellable operalTn9 leases are payable 8$ follows-. wlthin one year within two to five years 248 804 248 248 1,052 11 Going concern There are no material uncgrtainties about the charitys ability to continue as a going concern. Greenhills Pre.school Details of activities for the year ended 31 August 2024 2024 2023 Income from: donations and legacies Grants Donations 1,083 98,452 50 75,132 99,535 75,182 generating funds Fairs, raffles and avents 3,085 3,085 1,196 1,196 investments Intgr@gt on bank dèposit account 1,352 1,352 655 charitabl8 activities Fees Charges for trips and oulings 32.313 832 33,145 27,8g6 101 27,795 Expenditure on: ¢haritablB activities Cleaning Depreciation-. Buildings Depréciation.. £quipmenl Director's remuneration Employer'5 National Insurance Employm@nt Allowance Equipment hire Inspections Insurance Light and heat Pensions Refreshments Repairs (buildings) Repairs and renewals (equipment) Software Stsff training and welfare Stationery and postage Subscriptions Sundries Teaching and play malerials Telephone Trips and outings Wages and salaries Wator and ganeral rates 5,027 1,000 87 27,140 6,337 (5.453) 887 56 1.105 1,965 1,673 6,099 1,QOO 25,525 6,856 {6,272) 1,000 146 956 1,073 1,807 41 530 50 60 339 610 220 288 1,356 800 506 62,264 178 106,232 590 358 232 260 220 664 1,155 491 648 65,912 201 110,555 12 Greenhills Pre-school Details o* activities for the year ended 31 August 2024 2024 2023 other Accountancy 834 3,216 Independent examiner's faes Companies House fees Management Fees 144 34 87 132 13 231 1,099 3,592 13