Charity Registrntion No. 1136325 Company Registration No. 6954027 (England and Wales) LITTLE JIMMY'S PRESCHOOL LTD ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 JULY 2024 BUSINESS ADVISORS 4 A¢¢QVNTA14T5 11 De Grey Square De Grey Road Colchester Essex C04 5YQ •AEFIIXOX* 1711112025 COMPANIES HOUSE A13
LITTLE JIMMY'S PRESCHOOL LTD CONTENTS Page Company informatlon Trustees report IndÈpendent examiner's report Statement of financlal activitles Balance sheet Notes to the financial statements 7-13
LIThLE JIMMY'S PRESCHOOL LTD COMPANY INFORMATION Trustees Mrs P Welsh Mr J Coldron Mrs A Coldron (Appointed 14 August 20241 (Appointed l May 20241 Charity number 1136325 Compary number 6954027 Registered office St James.Church Hall Tower Road Clacton on Sea C015 ILF Independent examlner TC Group 11 De Grey Square Colchester Essex C04 SYQ Essex C04 5YQ
LIThLE JIMMY'S PRESCHOOL LTD TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 JULY 2024 The trustees presenttheir annual report and financial statements for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's trust deed, the Companies Act 2006 and Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191. Object5ves and activities The charity's objectives are to advance the education and holistic development of children below statutory school age by providing a safe, stimulating, and inclusive preschool environment. Its purpose is to foster learnin8 through play, support social and emotional growth, and collaborate with parents and the local community to enhance the well-being and future opportunities of every child. Public benefit The trustees have paid due regard to guidance issued by the Charity Commlsslon In decidlng what activities the charity should undertake. Achievements and performance Significant octivities ond ochievement5 agoinst objectives Durlng the year ending July 2024, the charity successfully expanded its operations withln our second site, which is now fully operational and has achieved enrolment figures significantly hl8her than initial projections. This growth reflects strong community engagement and demand for the charity's services. In addition, the organisation continued to deliver high-quality early years education and development programmes, maintaining its commitment to providing a Safe. inclusive, and stimulating environment for all children. Flnanclal revlew The charity received Sncome amounting to £505,618 during the year and generated a surplu5 of £54.629. The value of unrestricted reserves held at the Balance Sheet date was £148,813. Reserves policy It is the policy of the charity that unrestrirted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been.maintained throughout the year. Structurei governance and mana8ement The charity is a company limited by guarantee and by its governing document, The trustees who served during the year and up to the date of signature of the financial statements were: Mrs P Welsh Mrj Coldron Mrs A Coldron (Appointed 14 August 20241 (Appointed l May 20241 Recruitment ond oppointment of trustees New trustees are recruited and appointed by the board of trustees.
LIThLE JIMMY'S PRESCHOOL LTD TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUIY2024 The trustees report was approved by the Board of Trustees. Mrj Coldron Date..
LIThLE JIMMY'S PRESCHOOL LTD INDEPENDENT &XAMINER'S REPORT TO THE TRUSTEES OF LIThLE JIMMY'S PRESCHOOL LTD I report to the trustee5 on my examination of the financial statements of Little Jimmy'5 Preschool Ltd (the charity) for the year ended 31 July 2024. Responsibilities and basls of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Att 2006 (the 2006 Art}. Havlng satisfied myself that the financlal statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under sertlon 145 of the Charities Act 2011 (the 2011 Act}. In carrying out my examination I have followed all the applicable Oirections given by the Charity Commlssion under section 14515llbl of the 2011 Act. Independent exarnlner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed In section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have completed my examlnation. I confirm that no matters have come to my attention in connection wlth the examination giving me cause to believe that in any material respect.. accountin8 records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records,. or the finaneial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wlth the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the financial statements to be reached. Simon Garner FCA Independent Examin TC Group 11 De Grey Square De Grey Road Colchester Essex C04 SYQ Dated.. !£rt! r34<..
LITfLE JIMMY'S PRESCHOOL LTD STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE Accoumr FOR THE YEAR ENDED 31 JULY2024 Unrestricted funds 2024 Unrestrlrted funds 2023 Notes Income from: Charitable activities Other trading activities Investments 505,548 291.844 1,611 18 70 Total Income 505.618 293,473 Expendlture on: Charitable actlvities 450,989 289,480 Total expenditure 450,989 289.480 Net income and movement in funds 54,629 3,993 Reconciliation of funds: Fund balances at l August 2023 94,184 90,191 Fund balances at 31 July 2024 148,813 94.184 The statement of financlal activltles Includes all gains and losses recognlsed In the year. All income and expenditure derive from continuin8 activities.
LILE JIMMY'S PRESCHOOL LTD BALANCE SHEET AS AT31 JULY 2024 2024 2023 Notes Flxed assets Tangible assets li 1,692 Current assets Debtors Cash at bank and in hand 12 3,224 160,976 1.455 97,915 164,200 99,370 Creditors: amounts falllng due wlthln one year 14 117,0791 15,186) Net current assets 147,121 94,184 Total assets less current Ilabllltles 148,813 94.184 The funds of the charlty Unrestricted funds 16 148,813 94,184 148,813 94,184 The company is entitled to the exemption from the audlt requlrement contalned In section 477 of the Companies Act 2006, for the year ended 31 July 2024. The dlrectors acknowledge their responsibilities for complylng with the requlrements of the Companles Act 2006 with respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year In question in accordance with section 476. These financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. io/,,/i: The financial statements were approved by the trustees on ......................... Mrj Coldron Company registration number 6954027 (England and Wales)
LITTLE JIMMY'S PRESCHOOL LTD NOTESTO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Charity Information Little Jimmy's Preschool Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is St James Church Hall. Tower Road, Clacton on Sea. C015 ILF. 1.1 Accountln8 conventlon The financial statements have been prepared in accordance wlth the charity's trust deed, the Companles Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charltles SORP "Accountln8 and Reporting by Charities.- Statement of Recommended Practice applicable. to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlsions in the SORP for charities not to prepare a Statement of Cash Flov. The financial statements are prepared in sterling, which 15 the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost conventlon. The principal accountin8 pollcies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expettation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and rÈceipt is expetted. If the amount is not known, the legacy is treated as contingent asset.
LITfLE JIMMY'S PRESCHOOL LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obllgation to transfer economlc benefit to a thlrd party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obli8ation can be measured reliably. Expenditure Is cl3$5ified by actlvlty. The costs of each activlty are made up of the total of dirert costs and shared costs, including SUPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assets Tan8lble flxed assets are initlally measured at cost and subsequently measured at cost or valuation, net of depreclatlon and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment Fixtures and fittings 25% reducing balance 25% reducing balance The 8ain or loss arisin8 on the disposal ,of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognlsed in the statement of financlal activities. 1.7 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from charftable actlvlties Unrestrlcted funds 2024 Unrestricted funds Z023 Pre school Grants and fees 505.548 291,844
LIThLE JIMMY'S PRESCHOOL LTD NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Income from other trading activities Unrestrlcted Unrestricted funds funds 2024 2023 Fundraising events 1.611 Income from investments Unrestricted Unrestrirted funds funds 2024 2023 Interest recelvable 70 18
LIThLE JIMMY'S PRESCHOOL LTD NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JULY2024 Expenditure on charitable actlvltles Pre school 2024 Pre school 2023 Direct costs Staff costs Depreciation and impairment Food and welfare Toys and resources Facility hire Insurance Rates and water Waste disposal Equipment hire Unlform5 Subscriptions Sundry expenses Cleaning Repairs Bank charges 362.800 563 16,610 16.631 3S,714 1.237 545 619 2.754 1,052 909 1.440 1,043 2.349 237 232,087 2,489 4,087 20.200 2,702 883 553 1,236 895 541 168 3,641 8,530 166 444.503 278,178 Share of support and governance costs (see note 61 Support Governance 411 3,562 7,740 6,075 450,989 289,480 Analysls by fund Unrestricted funds 450.989 289,480 Support costs allocated to activities 2024 2023 Administration costs Governance costs 411 6,075 3.561 7,740 6.486 11,301 Governances costs consist of £2,50712023- £3,980) of legal and professional costs and £3.56812023: £3,760) of accountancy fees. 10-
LirrLE JIMMY'S PRESCHOOL LTD NOTES TO THE FINANCIAL 5fATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JULY2024 Net movement In funds 2024 2023 The net movement in fund5 IS stated after charging/lcreditingl: Depreciation of owned tangible fixed assets 563 Trustees During the year trustees of the the charity were paid for their role as Nursery managers. These managers received a comblned remuneration of £94,86112023: £33,757) Employees The average monthly number of employee5 durlng the year was: 2024 Number 2023 Number Childcare worker 21 20 Ernployment costs 2024 2023 Wages and salarles Social security costs Other penslon costs 341,637 16,323 4,381 221,956 6,953 2,854 362,341 231.763 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charltable purposes. 11
LITfLE JIMMY'S PRESCHOOL LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 11 Tangible fixed assets Plant and equlpment Fixiures and fittlngs Total Cost Additions 449 1,806 2,255 At 31 July 2024 449 1,806 2.255 Depreciation and Impalrment Depreciation charged in the year 112 451 563 At 31July 2024 112 451 563 Carrying amount At 31July 2024 337 1,355 1,692 12 Debtors 2024 2023 Amounts falling due wlthln one year: Trade debtors Other debtors 3,224 1,455 3,224 1,455 13 Loans and overdrafts 2024 2023 Bank overdrafts 2,084 Payable withln one year 2,084 12-
LITfLE JIMMY'S PRESCHOOL LTD NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 14 Creditors: amounts falling due within one year 2024 2023 Notes Bank overdrafts Corporation tax payable Other taxation and social security Other creditors Accruals and deferred income 13 2,084 160 12,241 1,152 3,686 2,942 17,079 5.186 15 Retirement benefit schemes 2024 2023 Oeflned contrlbutlon schemes Charge to profit or loss In respett of defined contrlbution schemes 4,381 2,854 The charity operates a defined contribution pension scheme for all qualifying employee5. The assets of the scheme are held separately from those of the charity in an independently administered fund. 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donatlons and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l August 2023 Incomlng sources ResourcesAt 31 July 2024 expended General funds 94,184 505,618 1450,9891 148.813 Prevlous year: At l August 2022 Incomin8 resources ResourcesAt 31 July 2023 expended General funds 90.191 293.473 1289,4801 94.184 17 Related party transactions There were no disclosable related party transactlons during the year12023 - none). 13-