**Company Registeration Number: - 06622131 The Charity Registration Number: - 1133641**
Watlington Pre-School Limited Report and Accounts
## 31 August 2023
## **Watlington Pre-School Limited**
## **Report and accounts for the year ended 31 August 2023**
## **Contents**
||**PAGE**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Funds Statements:-**|||
|Statement of Financial Activities||7|
|Statement of Financial Activities - Prior Year Statement||8|
|Statement of Total Recognised Gains and Losses||9|
|Movements In Funds||10|
|Revaluation Reserves||10|
|Revenue Funds||10|
|Income and Expenditure Account||11|
|Summary of Funds||11|
|**Balance Sheet**||12|
|**Notes to the Accounts**||14|
**Company Registration Number: - 06622131**
## **Watlington Pre-School Limited**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
The Trustees present their Report and Accounts for the year ended 31 August 2023, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
## **The charity name**
The legal name of the charity is: - Watlington Pre-School Limited
The charity is also known by its operating name: - Watlington Pre-School
The charity's areas operation and charitable registration
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1133641.
The charity does not operate in any overseas jurisdictions.
## **Legal structure of the charity**
The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
The governing document is dated 17 June 2008
There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
PAGE 1
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
## **The principal operating address, telephone number, email and web addresses of the charity**
**Address:** Rectory Lane Watlington Kings Lynn Norfolk PE33 0HU
**Telephone:** 01553 811035
The registered office of the charity for Companies Act purposes is:
DBA, The Union Building 51-59 Rose Lane Norwich NR1 1BY
## **The Trustees in office on the date the report was approved were:**
Victoria Jane Wilkins Tracey Joanne Taylor Sarah Jo Oakley
## **The following persons served as Trustees during the year ended 31 August 2023:**
The trustees who served as a trustee in the reporting period were as above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
## **Objects and activities of the Charity**
## **The purpose of the charity as set out in its governing document:**
Offering appropriate play, education and care facilities, together with the right of parents to take reposibility for and to become involved in the activities of such groups, ensuring opportunities are offered for all children whatever race, culturem religion, means or ability.
Encouraging the study of needs of such children and their familiesand promoting public interest in and recognition of such needs in local areas.
PAGE 2
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
## **The main activities undertaken in relation to those purposes during the year:**
The main activities of the charity are the provision of preschool education and all day child care for 2-4 year olds. The charity operates from 8.30am to 3pm during school term time to provide all day care for working parents or sessional preschool education to meet Foundation Stage objectives.
## **The main activities undertaken during the year to further the charity's purpose for the public benefit:**
The pre-school maintains a full regsiter of children. During the year to 31 August 2023 the preschool has continued to offer places for families that qualify for under 3 funding. In addition offering places to children both through access to funding and fee paying families.
Through Senco funding the preschool continues to offer additional assistance to children and families with special needs.
Finally, the Trustees have initiated a number of fund raising activities to provide the preschool with additional resources.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **The main achievements and performance of the charity during the year:**
The pre-school maintains a full register of children. During the year to 31 August 2023 the preschool has continued to offer places for families that qualify for under 3 funding in addition to offering places to children both through access to funding and fee paying families.
Through Senco funding the preschool continues to offer additional assistance to children and families with special needs.
Finally, the Trustees have initiated a number of fund raising activities to provide the preschool with addtional resources.
## **The difference the charity's performance during the year has made to the beneficiaries of the charity:**
The children that attend the preschool continue to receive the support and education they require under the early years learning.
## **The degree to which the achievements and performance during the year have benefited wider society:**
The Trustees are happy to report that the preschool is a important part of the village community in offering support to both children and parents as required not only as part of the preschool learning alliance.
PAGE 3
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
## **Structure, governace and management of the charity**
## **The methods used to recruit and appoint new charity trustees:**
New trustees are elected by the existing trustees.
All new trustees are selected through their involement with the children attending the Pre-school.
Bankers NatWest Accountants DB Accounting & Software Solutions Limited Bookkeepers MLJ Bookkeeping
## **Financial review**
## **The charity's financial position at the end of the year ended 31 August 2023**
The financial position of the charity at 31 August 2023 and comparativies for the prior period, as more fully detailed in the accounts, can be summarised as follows:
|**Net income**
Restricted revenue funds
**Total Funds**
Unrestricted revenue funds avaliable for the
general purposes of the charity|**2023**
**£**
643)
(
24,433
69,135
44,702|**2022**
**£**
79)
(
24,237
69,778
45,541|
|---|---|---|
## **Financial review of the position at the reporting date, 31 August 2023:**
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Specific changes in fixed assets are detailed in the notes to the accounts.
## **Policies on reserves**
The trustees are mindful that adequate reserves must be maintained to allow the Pre-School to remain open.
With this in mind they are maintaining adequate reserves to ensure that the mobile can be kept maintained and that the wages can be paid at all times.
PAGE 4
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
## **Availability and adequacy of assets of each of the funds:**
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Details of the independent examiner**
Dan Bullock FMAAT Member of Accountants DBA The Union Building 51-59 Rose Lane Norwich Norfolk NR1 1BY
## **Statement of the Directors Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
- recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
PAGE 5
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Trustees' Annual Report For The Year Ended 31 August 2023**
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 7 to 25.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issed in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).
These financial statements have beenprepared in accordance with the provisions in Part 15 of the Companies Act 2006 and applicable to companies subject to the small companies regime.
This report was approved by the Board of Trustees on
Tracey Joanne Taylor Director and Trustee
PAGE 6
## **Watlington Pre-School Limited**
## **Company Registration Number: - 06622131**
**Statement of Financial Activities (including the income and expenditure account for the year ended 31 August 2023, as required by the Companies Act 2006)**
|**SORP**
**Ref**
**Income & Endowments from:**
Donations & Legacies
**A1**
Charitable activities
**A2**
Investments
**A4**
**Total income**
**A**
**Expenditure on:**
Raising funds
**B1**
Charitable activities
**B2**
**Total expenditure**
**B**
Net income for the year
Net movement in funds
Reconciliation of funds:
**E**
Total funds brought forward
Total funds carried forward|**Current year**
**Current year**
**Current year**
**Prior Year**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
8,466
185
8,651
13,796
115,451
-
115,451
96,306
185
-
185
9
**124,102**
**185**
**124,287**
**110,111**
524
-
524
1,065
124,416
11)
(
124,406
109,125
**124,941**
**11**
**-**
**124,930**
**110,190**
839)
(
196
643)
(
79)
(
839)
(
196
643)
(
79)
(
45,541
24,237
69,778
69,857
**44,702**
**24,433**
**69,135**
**69,778**|
|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required.
All activities derive from continuing operations.
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 7
**Company Registration Number: - 06622131**
## **Watlington Pre-School Limited**
## **Statement of Financial Activities (including the income and expenditure account for the year ended 31 August 2023, as required by the Companies Act 2006)**
|**SORP**
**Ref**
**Income & Endowments from:**
Donations & Legacies
**A1**
Charitable activities
**A2**
Other trading activities
**A3**
Investments
**A4**
Other
**A5**
**Total income**
**A**
**Expenditure on:**
Raising funds
**B1**
Charitable activities
**B2**
Other
**B3**
Tax on surplus
**B3**
Other taxation
**B3**
**Total expenditure**
**B**
Net income for the year
Net movement in funds
Reconciliation of funds:
**E**
Total funds brought forward
Total funds carried forward|**Prior Year**
**Prior Year**
**Prior Year**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
12,642
1,154
13,796
96,306
-
96,306
-
-
-
9
-
9
-
-
-
**108,957**
**1,154**
**110,111**
1,065
-
1,065
108,849
276
109,125
-
-
-
-
-
-
-
-
-
**109,914**
**276**
**110,190**
957)
(
878
79)
(
957)
(
878
79)
(
46,498
23,359
69,857
**45,541**
**24,237**
**69,778**|
|---|---|
## **All activities derive from continuing operations**
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 8
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Resources applied in the year ended 31 August 2023**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
**Net resources available to fund charitable activities**|**2023**
**£**
643)
(
-
**643)**
**(**|**2022**
**£**
79)
(
1,654)
(
**1,733)**
**(**|
|---|---|---|
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 9
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Movements in revenue and capital funds for the year ended 31 August 2023**
## **Revenue accumulated funds**
|Accumulated funds brought forward
Recognised gains and losses before
transfers
**Closing revenue funds**
Summary of funds
Revenue accumulated funds|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
45,541
24,237
69,778
44,702
24,433
69,135
**44,702**
**24,433**
**69,135**
**Unrestricted &**
**Restricted**
**Total**
**Designated funds**
**funds**
**funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
44,702
24,433
69,135
839)
(
196
643)
(|**Prior Year**
**Total Funds**
**2022**
**£**
69,857
**69,778**
**69,778**
**Prior Year**
**Total Funds**
**2022**
**£**
69,778
79)
(|
|---|---|---|
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 10
**Watlington Pre-School Limited Company Registration Number: - 06622131**
## **Income & Expenditure Account for the year ended 31 August 2023 as required by the Companies Act 2006**
|**Income**
Income from operations
Investment income
Interest receivable
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**Expenditure**
Charitable expenditure, excl depreciation & amortisation
Depreciation & amortisation
Fundraising costs
Realised losses on diposals of social investments
**Total expenditure in the year**
**Net income before tax in the financial year**
Tax on surplus on ordinary activities
**Net income after tax in the financial year**
**Retained surplus for the financial year**
All activities derive from continuing operations|**2023**
**2022**
**£**
**£**
124,102
110,102
185
9
**124,287**
**110,111**
**124,287**
**110,111**
122,233
106,576
2,172
2,549
524
1,065
-
**124,930**
**110,190**
**643)**
**(**
**79)**
**(**
-
-
**643)**
**(**
**79)**
**(**
**643)**
**(**
**79)**
**(**|
|---|---|
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 11
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Balance Sheet as at 31 August 2023**
|**SORP**
**Note**
**Ref**
**Fixed assets**
A
Tangible assets
10 A2
**Current assets**
B
Debtors
11 B2
Cash at bank and in hand
B4
**Total current assets**
Creditors: amounts falling due within
one year
12 C1
**Net current assets**
**The total net assets of the charity**
**Restricted funds**
Restricted revenue funds
15 D2
**Unrestricted funds**
Unrestricted revenue funds
15 D3
**Total charity funds**|915
29,584
30,499
2,590)
(
24,433
44,702|**2023**
**£**
41,226
27,909
**69,135**
24,433
44,702
**69,135**|915
27,851
28,766
2,387)
(
24,237
45,541|**2022**
**£**
43,398
26,380
**69,778**
24,237
45,541
**69,778**|
|---|---|---|---|---|
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.
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 charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
PAGE 12
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Balance Sheet as at 31 August 2023**
## **Tracey Joanne Taylor Trustee**
Approved by the board of trustees on
## **The notes attached on pages 14 to 25 form integral parts of these accounts.**
PAGE 13
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **1 Accounting policies**
## **Policies relation to the production of the accounts.**
## **Basis of preparation and accounting conventions**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Risks and future assumptions**
The charity is a public benefit entity.
## **Policies relating to expenditure on goods and services provided to the charity**
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 6.
PAGE 14
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **Policies relating to assets, liabiliies and provisions and other matters**
## **Tangible fixed assets**
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 2% reducing balance basis Plant and machinery 20% reducing balance basis Fixture & fittings 20% reducing balance basis
A regular annual review of the likelihood of asset impairment is undertaken.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors and provisions**
Creditors are measured at their payable amounts at the balance sheet date.
## **Financial instruments including cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
PAGE 15
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **4 Significance of financial instruments to the charity's position**
There are no financial instruments that have a significant impact the the charity's position
## **5 Net surplus before tax in the financial year**
|**Net surplus before tax in the financial year**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|The net surplus before tax in the financial year is stated after charging:|||
|Depreciation of owned fixed assets|2,172|2,549|
|Pension costs|3,423|3,238|
## **6 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated.
The arrangements with volunteers are difficult to value precisely inmonetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
## **7 Staff costs and emoluments**
|**Staff costs and emoluments**||
|---|---|
|**Salary costs**
Gross salaries excluding trustees and key management personnel
Employer's operating costs of defined contribution pension schemes|**2023**
**2022**
**£**
**£**
91,817
82,163
3,423
3,238|
||95,240
85,401|
|The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was
**The estimated equivalent number of full time staff deployed in different activities**
Engaged on charitable activities|5
3
4
4
9
7
**in the year was**
9
7|
|**The estimated full time equivalent number of all staff employed as above**|9
7|
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
PAGE 16
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **8 Defined contribution pension schemes**
The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
## **9 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **10 Tangible fixed assets**
|**10 **|**Tangible fixed assets**|||||
|---|---|---|---|---|---|
|||**Land &**|**Plant &**|**Fixture &**||
||**Current year**|**Buildings **|**Machinery**|**Fittings**|**Total**|
|||**£**|**£**|**£**|**£**|
||**Cost**|||||
||At 1 September 2022|43,635|16,333|1,654|61,622|
||Additions|-|-|-|-|
||**At 31 August 2023**|**43,635**|**16,333**|**1,654**|**61,622**|
||**Depreciation**|||||
||At 1 September 2022|7,482|10,411|331|18,224|
||Charge for the year|723|1,184|265|2,172|
||**At 31 August 2023**|**8,205**|**11,595**|**596**|**20,396**|
||**Net book value**|||||
||**At 31 August 2023**|**35,430**|**4,738**|**1,058**|**41,226**|
|||||||
||**At 31 August 2022**|**36,153**|**5,922**|**1,323**|**43,398**|
|**11 **|**Debtors**|||**2023**|**2022**|
||Trade debtors|||**£**
715|**£**
715|
||Prepayments and accrued income|||200|200|
|||||**915**|**915**|
|**12 **|**Creditors: amounts falling due within one year**|||**2023**|**2022**|
||Trade creditors|||**£**
644|**£**
578|
||Accruals|||500|480|
||PAYE, NIC, VAT and other taxes|||1,446|1,329|
|||||**2,590**|**2,387**|
|||||||
PAGE 17
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
|**13 Income and expenditure account summary**
**At 1 September 2022**
Surplus after tax for the year
**At 31 August 2023**
**14 Particulars of how particular funds are represented by assets and**|**2023**
**2022**
**£**
**£**
69,778
69,857
643)
(
79)
(
**69,135**
**69,778**
**liabilities**|
|---|---|
|**At 31 August 2023**
Tangible fixed assets
Current assets
Current liabilities
**At 1 September 2022**
Tangible fixed assets
Current assets
Current liabilities|**Unrestricted Designated Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
41,226
41,226
6,066
24,433
30,499
2,590)
(
2,590)
(
**44,702**
**-**
**24,433**
**69,135**
**Unrestricted Designated Restricted**
**Total**
**funds**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**£**
43,398
-
-
43,398
4,529
-
24,237
28,766
2,387)
(
-
-
2,387)
(
**45,541**
**-**
**24,237**
**69,778**|
|---|---|
PAGE 18
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **15 Change in total funds over the year as shown in Note 14, analysed by individual funds**
|**_Unrestricted and designated funds:_**
Unrestricted Revenue Funds
**Total unrestricted & designated funds**
**_Restricted funds:_**
Mobile funds
**Total restricted funds**
**Total charity funds**|**Funds b/f Movement in**
**Transfers**
**Funds c/f**
**from 2022 funds in 2023**
**funds in 2023**
**to 2023**
**£**
**£**
**£**
**£**
45,541
839)
(
-
44,702
**45,541**
**839)**
**(**
**-**
**44,702**
24,237
196
-
24,433
**24,237**
**196**
**-**
**24,433**
**69,778**
**643)**
**(**
**-**
**69,135**|
|---|---|
## **16 Analysis of movements in funds over the year as shown in Note 15**
|**_Unrestricted and designated funds:_**
Unrestricted Revenue Funds
**_Restricted funds:_**
Mobile funds|**Other gains &**
**Movement**
**Income**
**Expenditure**
**losses**
**in funds**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
124,102
124,941)
(
-
839)
(
185
11
-
196
**124,287**
**124,930)**
**(**
**-**
**643)**
**(**|
|---|---|
PAGE 19
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Notes to the Accounts for the year ended 31 August 2023**
## **17 The purposes for which the funds as**
## _**Unrestricted and designated funds:**_
Unrestricted Revenue Funds
These funds are held for meeting the objectives of the charity provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
## _**Restricted funds:**_
Mobile funds Funds relating to the purchase and maintenance of the pre-school mobile building
## **18 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets if the compnay in the event of it being woundup while he or she is a member, or within one year after he or she ceases to be a member.
PAGE 20
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
**Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015**
## _**This analysis is classified by conventional nominal descriptions and not by activity**_
## **19 Donations, Grants and Legacies**
|**Donations, Grants and Legacies**|||||
|---|---|---|---|---|
||**Current year**|**Current year**|||
||**Unrestricted**|**Restricted**|**Current year**|**Prior Year**|
||**Funds**|**Funds**|**Total funds**|**Total funds**|
||**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|**Donations and gifts from individuals**|||||
|Small donations individually less than|||||
|£1,000|8,466|125|8,591|12,796|
|**Total donations & gifts from**|||||
|**individuals**|**8,466**|**125**|**8,591**|**12,796**|
|**Revenue grants from government and**
Small grants individually less than
£1,000|**public bodies**
-|60|60|1,000|
|**Total public sector revenue grants**|**-**|**60**|**60**|**1,000**|
||||||
|**Total donations grants & legacies**|**8,466**|**185**|**8,651**|**13,796**|
## **20 Income from charitable activities - Trading Activities**
|Current year
**Primary purpose & ancillary trading**
Sale of goods & services in
accordance with the charity's
objectives|**Current year**
**Current year**
**Unrestricted**
**Restricted**
**Current year**
**Prior Year**
**Funds**
**Funds**
**Total funds**
**Total funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
115,451
-
115,451
96,306
**115,451**
**-**
**115,451**
**96,306**|
|---|---|
PAGE 21
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015**
## **21 Total income from charitable activities**
|**Current year**
Total income from charitable trading
**Total from charitable activities**
**22 Investment income**
Bank interest receivable
**Total investment income**
**23 Expenditure on charitable activities -**
Gross wages & salaries
Defined contribution pension costs
Cost of sales
**Total direct spending**|**Current year**
**Current year**
**Unrestricted**
**Restricted**
**Current year**
**Prior Year**
**Funds**
**Funds**
**Total funds**
**Total funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
115,451
-
115,451
96,306
**115,451**
**-**
**115,451**
**96,306**
185
-
185
9
**185**
**-**
**185**
**9**
**Direct spending**
91,817
-
91,817
82,163
3,423
-
3,423
3,238
8,904
-
8,904
6,993
**104,144**
**-**
**104,144**
**92,394**|
|---|---|
PAGE 22
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015**
## **24 Support costs for charitable activities**
||**Current year**||**Current year**|||
|---|---|---|---|---|---|
||**Unrestricted**||**Restricted**|**Current year**|**Prior Year**|
||**Funds**||**Funds**|**Total funds**|**Total funds**|
||**2023**||**2023**|**2023**|**2022**|
||**£**||**£**|**£**|**£**|
|**Employee costs not included in direct costs**||||||
|Training and welfare - staff|499|||499|262|
|Uniform|491|||491|806|
|**Premises expenses**||||||
|Rates & water charges|370|||370|385|
|Rent|1,198|||1,198|194|
|Light, heat & power|1,256|||1,256|3,173|
|Cleaning & waste management|1,893|||1,893|1,467|
|Premises repairs & maintenance|651|(|11)
|640|979|
|Other premises costs|3,518|||3,518|1,171|
|**Administrative overheads**||||||
|Telephone, fax & internet|620|||620|619|
|Stationery & printing|2,041|||2,041|2,001|
|Membership subscriptions|473|||473|185|
|Equipment expenses|-|||-|-|
|Software licences & expenses|1,418|||1,418|1,176|
|Health & safety costs|317|||317|166|
|Liability & contents insurance|1,531|||1,531|852|
|Sundry expenses|1,030|||1,030|58|
|Equipment repairs & maintenance|-|||-|-|
|**Professional fees paid to advisors**|**other than the auditor or examiner**|||||
|Accountancy fees|194|||194|347|
|Bookkeeping|1,125|||1,125|1,405|
|**Financial costs**||||||
|Depreciation & amortisation|2,172|||2,172|2,549|
|**Support costs before reallocation**|**20,797**|**(**|**11)**
|**20,786**|**17,796**|
|||||||
|**Total support costs - Current year**|**20,797**|**(**|**11)**
|**20,786**|**17,796**|
The basis of allocation of costs between activities is described under accounting policies.
All expenditure in the prior year was unrestricted.
PAGE 23
**Company Registration Number: - 06622131**
## **Watlington Pre-School Limited**
## **Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015**
## **25 Total charitable expenditure**
|**Current Year**
Total direct spending
B2a
Total support costs
B2d
**Total charitable expenditure**
**B2**|**Current year**
**Current year**
**Unrestricted**
**Restricted**
**Current year**
**Prior Year**
**Funds**
**Funds**
**Total funds**
**Total funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
104,144
-
104,144
92,394
20,797
11)
(
20,786
17,796
**124,942**
**11)**
**(**
**124,931**
**110,190**|
|---|---|
All the expenditure in the prior year was unrestricted.
|**Prior Year**
Total direct spending
B2a
Total support costs
B2d
**Total charitable expenditure**
**B2**|**Prior Year**
**Prior Year**
**Unrestricted**
**Restricted**
**Prior Year**
**Funds**
**Funds**
**Total funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
92,394
-
92,394
17,520
276
17,796
**109,914**
**276**
**110,190**|
|---|---|
## **26 Expenditure on raising funds and costs of investment management**
|**Current Year**||**Current year**
**Current year**
**Unrestricted**
**Restricted**
**Current year**
**Prior Year**
**Funds**
**Funds**
**Total funds**
**Total funds**|
|---|---|---|
|Funding publicity & marketing||**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
655
90|
|Costs of seeking donations, grants & legacie||524
1,035|
|**Total charitable expenditure**|**B1**|**1,179**
**-**
**-**
**1,125**|
All the expenditure in the prior year was unrestricted.
PAGE 24
**Watlington Pre-School Limited**
**Company Registration Number: - 06622131**
## **Detailed analysis of income and expenditure for the year ended 31 August 2023 as required by the SORP 2015**
|**27 Analysis of income by activity**
**Activity**
**SOFA ref**
Income from charitable activities
**_Summary of Total Income, including the items above_**
Charitable activities
**A2**
Donations & legacies
**A1**
Investment income
**A4**
Total income as shown in the SOFA
**A**|**2023**
**2022**
115,451
96,306
115,451
96,306
8,651
13,796
185
9
124,287
110,111|
|---|---|
PAGE 25