ort of the Director and Trustees
and Financial Statements
for the
ear ended 31 March 2024
for
Sutton O
ortuni
Pre-school

Sutton O
ortuni
Pre-school
Contents of the Financial Ststements
for the Year Ended 31 March 2024
Page
Company Infonnation
Report of the Trustees
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

Sutton O
ortuni
Pre-school
Com
For the
an
Information
ear to 31 March 2024
CHARITY NUMBER:
1132408
COMPANY REGISTRATION NO: 05804311
TRUSTEES:
Mrs A Wood- Chairperson
Miss D Grindrod - Company Secretary
Mrs M Deane-Resigned October 2023
Mrs E Bender
Mrs F Grindrod - Resigned October 2023
Mrs C Rayner
Mrs L Francis
Mr D Heighes
Mr J Malia- Treasurer
ADDRESS:
Rear Of 16-18 Stanley Park Road &
Fronting Holmwood Gardens
Wallington
Surrey
SM6 OEU
ACCOUNTANTS
Freshwater Associates Ltd
Chartered Certified Accountants and Registered Auditors
1 Gemini Court, 42a Throwley Way
Sutton
Surrey
SM14AF
BANKERS
Barclays Bank
161 Woodcote Road
Wallington
SM6 ONF
Page 1

Sutton O
ortuni
Pre-school
ort of the Trustees
ear to 31 March 2024
For the
Structure
overnance and mana
ement
Sutton Opportunity Pre-school is constituted by Trust Deed dated July 1990 and is a
registered charity. The pre-school adopted the Pre-school Learning Alliance model
'Memorandum and Articles of Association, on 11 July 2006 and was incorporated as a
private limited company (No. 5804311) under The Companies Act 1985 to 1989
Companies Limited by Guarantee and not having share capital on 3 May 2006.
The TrusteelDirectors for the period were:
Mrs A Wood - Chairperson
Miss D Grindrod - Company Secretary
Mr J Malia- Treasurer
Mrs E Bender
Mrs F Grindrod - resigned October 2023
Mrs C Rayner
Mrs L Francis
Mr D Heighes
Mrs M Deane- resigned October 2023
Ob'ectives and Activities
Our Development Priorities for 2023-24 were the following:
A Outcomes
A1 Moving to new premises and managing transition for the children.
A2 Ofsted readiness preparation after move.
B Curriculum
B1 To enhance staff skills in developing numeracy knowledge
B2 To develop knowledge bases in supporting inclusive activities that our neurotypical
and neurodiverse children can partake in together.
C Mana
ement
C1 Continue to pursue extemal funding sources for training and resources.
C2 Trustees to undertake in person observations and development of a training program
for Trustees.
Page 2

Sutton O
ortuni
Pre-school
Actions/Outcomes
A1
The pre-school is undertaking a premises move to a new location following the
termination of the existing lease. This is a big change for our children and their families
and requires a delicate transition process to accomplish. We will be taking some
additional time off outside of holiday periods to make sure the building is fit for purpose
before re-opening.
A2
Alongside the new move. this pushes the prospect of an Ofsted inspection into the
immediate future. Staff are undertaking training and support from the pre-school
management team in ensuring that they are as prepared for this visit as possible.
B1
Internal training on maths and numeracy skills became the focus for this academic
year and as such, staff were upskilled in a manner befitting the new Ofsted criteria.
B2
Ongoing reflective CPD took place with regards to the potential for more inclusive
activities within the pre-school. This involved a back-to-basics approach to EYFS and
considered actions by key-workers.
C1
The management team and committee board are always on the outlook for viable
external funding sources to enable them to better support the pre-school in future
endeavours year.
C2
Trustees were allocated development areas of the pre-school and carried out
independent visits based on those areas to better understand the intricacies of early
years learning and the running of the pre-school itself. These include finances,
leadership and management and teaching and learning.
Activities
During the course of the year, the number of children on roll decreased from 32 to 28 children.
As with the previous financial year, Sutton Opportunity Pre-school's growing reputation as
high-quality providers of inclusive early years education there are large numbers of
applications for placement of children with SEN and so our push for the next financial year will
be to search out ways that we can increase our numbers of children without additional needs
to enable us to continue providing inclusivity within our provision. We have also had a
decrease in numbers following the move to the new premises which caused travel issues for
some of our families.
We carried out access, safeguarding and data protection audits to ensure that we are meeting
all of our statutory and professional obligations. These are always updated annually and
reported back to Trustees to identify actions and monitor impact.
Page 3

Sutton O
ortuni
Pre-school
Our Facebook group and Instagram channel is continuing to grow stronger and is actively
utilised by staff and parents to keep one another aware of special events and local community
opportunities. This has also been supplemented by a separate open Facebook page which
allows parents to view details of our provision without signing up to a group. Our website has
been updated and is being monitored regularly by a member of staff in the team.
Financial matters
The pre-school has had a difficult financial footing this year following the loss of the pre-school
manager in September 2023 and issues with the banks in the months following that. It has
taken us some time to find our footing again but hopefully with the move due for completion
and numbers on roll rising we should find ourselves financially stable again next financial year.
Staffin
Staffing has had some changes in this financial year. Following the unexpected loss of our
manager, Fern Grindrod, in September 2023, we have placed our Deputy Manager under
acting-up capacity on a temporary basis to replace her. This has resulted in a staffing shift for
roles amongst existing staff. No additional members have been taken on in this year.
Fundraisin
We have not actively engaged in large fundraising projects this financial year due to the move
to a new premises and upheaval this has caused in the pre-school. We will be looking at some
large fundraising projects next financial year.
Safe
uardin
Keeping children safe in the widest sense is of prime importance to all our work. We have
'safeguarding' as an item on the agendas of all staff and management committee meetings to
ensure that it is always at the forefiont of all that we do.
Page 4

Pro
issues
The pre-school is in the process of a move to a new premises following termination of our
existing lease. We will be ensuring it is fit for purpose prior to opening again to our children.
As a small charity, we cannot survive without the dedication of our staff, the tremendous
support from parents, trustees, friends and ourjoint work with a great number of professionals
and other agencies. We are very grateful to all of them.
Mrs A Wood
Chairperson
Dated..
For and on behalf of the Management Committee
(I Ir2 /2/*
Page 5

Sutton O
ortuni
Pre-school
Inde
endent Examiner's Re
ort on the Accounts
We report to the trustees of Sutton Opportunity Pre-school on the Accounts of the charity for
the period ended 31 March 2024, which are set out on pages 7 to 13.
Respective responsibilities of Trustees and examiner
As the charity's Trustees, you are responsible for the preparation of the Accounts,. you
consider that the audit requirement of Section 144 of the Charities Act 2011 (the Act) does not
apply and that an independent examination is needed. It is our responsibility to examine the
Accounts under Section 145 of the Act and to state. on the basis of procedures specified in
the General Directions given by the Charity Commissioners under Section 145(5) of the Act,
whether particular matters have come to our attention.
Basis of independent examineVs statement
Our examination was carried out in accordance with General Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the
charity and a comparison of the Accounts presented with those records. It also includes
onsideration of any unusual items or disclosures in the Accounts and seeking explanations
from the Trustees concerning any such matters. The prO￿dureS undertaken do not provide
all the evidence that would be required in an audit, and consequently we do not express an
audit opinion on the Accounts.
Independent examiner's statement
In the course of our examination, no matter has come to our attention
which gives us reasonable cause to believe that, in any material respect, the Trustees
have not met the requirements to ensure that:
proper accounting records are kept (in accordance with section 130 of the 2011 Act).
and
Accounts are prepared which agree with the accounting records and comply with the
accounting requirements of the 2011 Act: or
2. to which. in our opinion, attention should be drawn in order to enable a proper
understanding of the Accounts to be reached.
Freshwater As
Chartered C
1 Gemini C
Sutton
Surrey
SM14A
es Limited
ccountants and Registered Auditors
Throwley Way
ified
urt, 42
Dated:
IIIIL /
Page 6

Sutton O
ortuni
Pre-school
Statement of Financial Activities
includin
Income & Ex
Year Ended 31 March 2024
enditure Account
Notes
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Incoming Resources
InGoming resources from
generated funds
Voluntary income..
Donations and gifts
Activities for generating funds.-
Investment income
Fundraising
Other
1,218
3,214
1,218
3,214
168
695
Income Resources from
charitable activities
Grants received
Fees - Parental
212.625
212,625
11,529
208,934
20,510
11.529
Total incoming resources
15,961
212,625
228,586
230,307
Resources Expended
Costs of generating funds
Costs of generating voluntary income
Fundraising costs
Charitable activities
Governance costs
332
33,904
3,102
332
275.393
3,102
767
245,798
1,278
241,488
Total resources expended
37.338
241,488
278,827
247,843
NEf INCOMINGI{OUTGOINGS) FOR YEAR (21,377)
(28,863)
(50,241) (17,536}
Contlnulng Operations
None of the company's activities were acquired or discontinued during the current and
previous years.
Total Recognised Galns and Losses
The charity has no recognised gains or losses other than the incomel(outgoings) for the year
and the previous year.
Page 7

Sutton O
ortuni
Pre-school
Balance Sheet
as at 31 March 2024
2024
2023
Notes
FIXED ASSETS:
Tangible Assets
6,824
9,099
CURRENT ASSETS:
Debtors
Cash at Bank and In Hand
10
6,966
4,724
CREDITORS: Amounts falling
due within one year
NET CURRENT ASSETS.
31,627
79,593
TOTAL ASSETS LESS
CURRENT LIABILITIES:
38,451
88,692
RESERVES:
Restricted Funds
General Funds
12
12
57,590
86,453
38,451
88,692
For the period ending 31 March 2024 the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section
476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act
with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
ON BEHALF OF THE BOARD:
A. Wood- Chair
Approved by the Board on
Ii/iz/£<
The notes on following pages form part of these financial statements
Page 8

Sutton O
ortuni
Pre-school
Notes to the Financial Statements
for the Year ended 31 March 2024
ACCOUNTING POLICIES
1.1a Basis of preparation of Accounts
The financial statements are prepared under the historical cost convention and include
the results of the charity's operations which are described in the Directors, and Trustees,
Report and all of which are continuing.
The Accounts have been prepared in compliance with the Statement of Recommended
Practi￿. Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)) and the Companies
Act 2006.
The charity has taken advantage of the exemption in Financial Reporting Standard No.
1 (revised) from the requirement to produce a cashflow statement.
1.1b Reconciliation with previous Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the
accounting policies required by FRS102 and the Charities SORP FRS102 the
restatement of the comparative items was required. No restatement was required.
1.1c Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance
of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor
or through the temis of a grant.
1.2 Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of Fixed
Assets, less their estimated residual value, over their expected useful lives on the
following bases:
Computer Equipment
Fixtures and Fittings
25 /0 reducing balance
25¢)/o reducing balance
1.3 Incoming Resources
Voluntary income and donations are accounted for as received by the charity. The
income from fundraising ventures is shown gross, with the associated costs included in
fundraising costs. No permanent endowments have been received in the period, but
these are dealt with through the Statement of Financial Activities when received.
The value of sep4ices provided by volunteers has not been included in these Accounts.
Page 9

Sutton O
ortuni
Pre-school
Notes to the Financial Statements
for the Year ended 31 March 2024
1.4 Value Added Tax
Value Added Tax is not recoverable by the charity, and as such is included in the relevant
costs in the Statement of Financial Activities.
1.5 Resources expended
Administration expenditure includes all expenditure directly related to the charitable activity
which is based within the premises. This includes costs of running office premises, staff
salaries for administrative staff and accountancy fees, as detailed in note 4.
Charitable expenditure comprises those costs incurred by the chartty in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature ne￿SSary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fees and costs linked to the strategic
management of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed
to reflect the use of the resour￿. Costs relating to a particular activity are allocated directly.
1.6 Finance and operating leases
Rentals applicable to operating leases are charged to the Statement of Financial Activities
over the period they are incurred. Assets obtained under finance leases are capitalised as
tangible fixed assets. Obligations under such leases are included in creditors net of finance
charge allocated to future periods. The finance element of each payment is charged to the
Statement of Financial Activities so as to produce a constant periodic rate on the net obligation
outstanding in each period.
1.7 Fundraising costs
Fundraising expenditure comprises costs incurred in inducing people and organisations to
contribute financially to the charity's work. This includes the cost of advertising for donations
and the staging of special fundraising events.
INCOMING RESOURCES FROM GENERATED FUNDS
2024
2023
Investment income
Fundraising
1.218
168
695
863
All donations are treated as an unrestricted fund. Investment income is derived from
interest receivable on cash deposits.
Page 10

Sutton O ortuni
Pre-school
Notes to the Financial Statements
for the Year ended 31 March 2024
INCOME AND RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S
OBJECTIVES
Fees were received during the year from the following sources:
Total Funds Total Funds
2024
2023
Fees- London Borough of Sutton
Fees - Parental
212,625
208,934
RESOURCES EXPENDED
Basis of
Allocation
Fund
Raising
Direct Charitable
Activities Governance
Restricted Unrestricted
Total
2024
Total
2023
Costs directly related to activities
Staff costs
Direct
Equipment
Direct
Training
Direct
239,721
1.505
239,721
1,505
480
211,939
4,115
644
480
Support Costs allocated to activities
Rent & Rates
Direct
Light and heat
Direct
Repairs and Renewals
Direct
Insurance
Direct
Catering
Direct
other staff costs
Direct
Telephone
Direct
Post & Stationery
Direct
Fundraising Costs
Direct
Depreciation
Direct
Professional Fees
Direct
Bank Charges
Direct
Cleaning
Direct
Travelling
Direct
Clothing
Direct
School Activities
Direct
Sundries
Direct
Computer Expenses
Direct
Subscriptions & Licences
Direct
Health & Safety
Direct
13,394
4,027
1,490
988
2,149
2.030
289
651
13,394
4,027
1,490
988
2,149
2,030
289
651
332
2,275
3,102
114
637
183
385
1,420
38
1,702
1,179
735
278,827
8,894
1,454
1,700
960
2,098
61
288
1,578
767
3,033
1,278
132
620
332
262
2.013
3,102
114
637
183
385
1,420
38
1.702
1,179
735
33,904 3,102
225
2,725
97
1,752
1,552
332 241,488
247,843
NET INCOMEI{OUTGOING) RESOURCES FOR THE YEAR
2024
2023
This is stated after charging:
Depreciation of tangible fixed assets
owned by the charity
2,275
3,033
Page11

Sutton O
ortuni
Pre-school
Notes to the Financial Statements
for the Year ended 31 March 2024
STAFF COSTS
No remuneration was paid to Trustees for carrying out their duties as Trustees during the
year, nor were any expenses reimbursed to them. The staff costs of the remaining staff
were..
2024
2023
Salaries & Social Security costs
Pension costs
237,005
209,718
239 721
211939
The average number of staff employed, calculated as full time equivalents during the year
was as follows:
2024
2023
Direct charitable work
Administrative
12
12
13
13
No employee received remuneration of more than £60,000. Pension costs are allocated to
activities in proportion to related staffing costs incurred and are wholly charged to
unrestricted funds.
The number of employees at the end of the year totalled 13 (2023.13).
The workplace pension scheme operated by NEST is available to new and existing
employees of the charity entitled to join unless they have exercised their right to opt out of
the scheme.
TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS
Four members of the management committee re￿iVed remuneration during the year in
relation to their employment and not to their role as Trustees. The total remuneration paid
to members of the management committee was £71.961. (2023- four members, £80,354).
No other members of the management committee received any remuneration during the
year. No travel costs were reimbursed to any trustee during the year (2023 - nil).
No trustee or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity during the year (2023 - nil).
TAXATION
As a charty Sutton Opportunity Pre-school is exempt from tax on income and gains falling
within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable gains act
1992 to the extent that these are applied to its Charitable objects. No tsx charges have
arisen in the Charity.
Page 12

Sutton O
ortuni
Pre-school
Notes to the Financial Statements
for the Year ended 31 March 2023
TANGIBLE FIXED ASSErs
Computer
Fixtures & Ftttings Total
Cost
At 1 April 2023
Additions
At 31 March 2024
5,422 16,351
21",773
Depreciation
At 1 April 2023
Charge for Year
At 31 March 2024
4,374
262
8,300
12,674
Net Book Value
At 31 March 2024
786
At 31 March 2023
10. DEBTORS
2024
2023
Prepayments
Other debtors
Trade Debtors
70
174
116
11. CREDITORS: Amounts falling due
within one year
2024
2023
Trade creditors
Tax and Social Security
Accruals
592
8,285
2,415
12. MOVEMENT IN FUNDS
At 1 April
2023
Income
Expenditure
Transfers At 31 March
2024
Restricted Funds:
LB of Sutton
86.453
212.625
241,488
57,590
Unrestricted Funds:
General Fund
2,238
15,961
37.338
(19,139)
88.691
228,586
278,827
38,451
Restricted funds are used for the activities explained in the Trustees report
Page 13