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← Streatley Hill Pre-School

2024-07-31-accounts

Company registration number: 07299073 Charity registration number: 1137119

Streatley Hill Pre-School

(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 July 2024

AIMs Accountants for Business 21-28 St Leonards Road Windsor Berkshire SL4 3BB

Streatley Hill Pre-School

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Statement of Cash Flows 11
Notes to the Financial Statements 12 to 18

Streatley Hill Pre-School

Reference and Administrative Details

Trustees

Iain Lattimer Emily Williams Mr Dirk Atkinson Sian Dallas Elizabeth Plowman Katherine Barrett Nicola McNeil Matthew Whittle Katherine Shaw Thomas William Foot Dirk Atkinson

Charity Registration Number

1137119

Company Registration Number

07299073

The charity is incorporated in England.

Registered Office

The Coombe Streatley Reading Berkshire RG8 9QL Principal Office

The Coombe Streatley Reading Berkshire RG8 9QL Independent Examiner

AIMs Accountants for Business 21-28 St Leonards Road Windsor Berkshire SL4 3BB

Page 1

Streatley Hill Pre-School

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 July 2024.

Charity Registration Number

1137119

Company Registration Number

Streatley Hill Pre-School is a company limited by guarantee, with the registration number 07299073

Principal Office

The Coombe, Streatley, Reading, RG8 9QL

Trustees on Date Report Approved

The trustees as at the date of signing of the Annual Report are:

The above trustees are also directors of the company.

Trustees for the Financial Year to 31 July 2024

Page 2

Streatley Hill Pre-School

Trustees' Report

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee incorporated on 14 June 2010. The company was established under a Memorandum of Association and is governed under its Articles of Association.

Recruitment and Appointment of Trustees and Directors

Since incorporation, the organisation has been reliant on a volunteer committee to fulfil the roles of trustee and director. The committee is responsible for managing the company, reviewing and applying current pre-school policy, employing and appraising staff, maintaining the building and grounds, and ensuring financial sustainability. We are so grateful for the time and skills these passionate community volunteers provide year on year to keep the pre-school running. The trustees and directors are appointed by election from the parent members of the pre-school in accordance with the requirements of the Articles of Association.

Objectives and Activities

Objectives

Streatley Hill Pre-School provides Early Years Education for children aged 2- under statutory school age by offering appropriate play, education and care facilities.

Activities

The setting is open for four-and-a-half days a week during term time. Our dedicated staff follow the Early Years curriculum with an emphasis on learning through play. We ensure that all children are understood as individuals and given the attention they need to thrive. We create a positive experience throughout their time at pre-school with educational based activities based on their individual needs and interests.

Achievements and Performance

Children

Children are at the heart of every decision at Streatley Hill Pre-School and we have continued to ensure their safeguarding through ongoing compliance with regulations, and up-to-date training for staff and Committee members. We monitor and ensure all DBS checks are updated when renewal is due.

school leavers. Each of whom are offered the support required to reach their full potential.

This year, we have been able to finish replacing the table and chairs within the pre-school. The new furniture has allowed our increased numbers to comfortably engage in group activities. The children also very much enjoyed having an incubator filled with eggs and watching the chicks hatch from them. Outside, a new open-sided wooden playhouse has enriched the space.

Page 3

Streatley Hill Pre-School

Trustees' Report

Staff

We believe that attracting, retaining and rewarding excellent staff is an absolute necessity in delivering a high-quality provision for each child. We support and invest in the ongoing learning and development of all of our staff through appropriate training courses and the budget for this remains generous.

Our staff body has seen just one change during the year, so the continuity of care remains a strength of the setting.

Community

The pre-school is where community begins. We continue to build new and strengthen existing relationships within the local community to mutual benefit and are very grateful for the donations and grants we receive.

First and foremost, our parents and carers are valued members of our community and we strive to engage them with quality communications; at the school gates, regular learning observations on Tapestry, through newsletters and with face to face social and fundraising opportunities.

Secondly, our close relationship with our neighbour and landlord, Streatley C of E Primary School enables the smoothest of transitions for our school leavers who go there and by generously sharing use of their facilities such as the daily mile track, the school hall and the beach, the relationship enhances our offering to all of the children.

And finally, our fundraising events are a great source of funds for reinvestment but also a chance for parents and carers to socialise and form bonds before their children move on to Primary School.

Financial Review

General

The pre-school operations have delivered a cashflow surplus of £12,991 in the year to 31st July 2024. This is welcome after the small loss recorded last year. Much of this surplus is thanks to the pre-school returning to its usual capacity or near capacity in terms of child numbers. We also saw the introduction of funding for 2 year olds which is currently at an appropriate rate for the cost of running the setting.

Numbers for the current year and registrations for the next year suggest an optimistic financial outlook. The reserves that the pre-school has built up over the past years also provides significant protection.

Page 4

Streatley Hill Pre-School

Trustees' Report

Key financial achievements:

Reserves

organisation. These are set out in an established Finance Policy and comprise:

The pre-school satisfied this requirement, holding the majority of its reserves in a separate, dedicated bank account.

Fees

The Finance committee has a responsibility to ensure our ability to meet future costs from our future income is preserved. Accordingly, a thorough annual review of our fees was concluded in June 2024 where it was decided that there would be an increase to our hourly fees of 8.5% from September 2024.

2024-25 Funding Priorities

The trustees are committed to maintaining the strong financial health of Streatley Hill Pre-school and accumulating the designated contingency.

Page 5

Streatley Hill Pre-School

Trustees' Report

We will aim to do this by providing an outstanding setting and optimising the number of children in fee paying sessions, being financially diligent and with the continued support of the wonderful community within which we operate.

The annual report was approved by the Trustees of the charity on 5th November 2024 and signed on its behalf by:

_____ Dirk Atkinson Trustee

Page 6

Streatley Hill Pre-School

Independent Examiner's Report to the trustees of Streatley Hill Pre-School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

Responsibilities and basis of report

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Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Streatley Hill Pre-School as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any true and fair view' which is not a matter considered as part of an

independent examination; or

  1. the accounts 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Frank Bulley FFA FIPA

21-28 St Leonards Road Windsor Berkshire SL4 3BB

25 November 2024

Page 7

Streatley Hill Pre-School

Statement of Financial Activities for the Year Ended 31 July 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note Unrestricted
Total
funds
2024
£
£
Income and Endowments from:
Donations and legacies
3		 1,402
1,402
Other trading activities
4		 117,047
117,047
Investment income
5		 1,789
1,789
Other income 2,756
2,756
Total income 122,994
122,994
Expenditure on:
Charitable activities
6		 (117,599)
(117,599)
Total expenditure (117,599)
(117,599)
Net income 5,395
5,395
Net movement in funds 5,395
5,395
Reconciliation of funds
Total funds brought forward 196,824
196,824
Total funds carried forward
11		 202,219
202,219

The notes on pages 13 to 19 form an integral part of these financial statements. Page 8

Streatley Hill Pre-School

Statement of Financial Activities for the Year Ended 31 July 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note Unrestricted
Total
funds
2023
£
£
Income and Endowments from:
Donations and legacies
3		 3,689
3,689
Other trading activities
4		 85,110
85,110
Investment income
5		 731
731
Other income 19
19
Total income 89,549
89,549
Expenditure on:
Charitable activities
6		 (104,845)
(104,845)
Total expenditure (104,845)
(104,845)
Net expenditure (15,296)
(15,296)
Net movement in funds (15,296)
(15,296)
Reconciliation of funds
Total funds brought forward 212,120
212,120
Total funds carried forward
11		 196,824
196,824

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 11.

The notes on pages 13 to 19 form an integral part of these financial statements. Page 9

Streatley Hill Pre-School

(Registration number: 07299073) Balance Sheet as at 31 July 2024

Note 2024
2023
£
£
Fixed assets
Tangible assets
9		 69,870
79,255
Current assets
Cash at bank and in hand
10		 132,349
117,569
Netassets 202,219
196,824
Funds of the charity:
Unrestricted income funds
Unrestricted funds 202,219
196,824
Total funds
11		 202,219
196,824

For the financial year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on 29 November 2024 and signed on their behalf by:

......................................... Mr Dirk Atkinson Trustee

The notes on pages 13 to 19 form an integral part of these financial statements. Page 10

Streatley Hill Pre-School

Statement of Cash Flows for the Year Ended 31 July 2024

Note 2024
2023
£
£
Cash flows from operating activities
Net cash income/(expenditure) 5,395
(15,296)
Adjustments to cash flows from non-cash items
Depreciation 9,385
10,366
Investment income
5		 (1,789)
(731)
12,991
(5,661)
Working capital adjustments
Decrease in debtors -
1,068
Decrease in creditors -
(1,328)
Net cash flows from operating activities 12,991
(5,921)
Cash flows from investing activities
Interest receivable and similar income
5		 1,789
731
Net increase/(decrease) in cash and cash equivalents 14,780
(5,190)
Cash and cash equivalents at 1 August 117,569
122,759
Cash and cash equivalents at 31 July 132,349
117,569

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 13 to 19 form an integral part of these financial statements. Page 11

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

1 Charity status

The charity is limited by share capital, incorporated in England. The address of its registered office is: The Coombe Streatley Reading Berkshire RG8 9QL The principal place of business is: The Coombe Streatley Reading Berkshire RG8 9QL

These financial statements were authorised for issue by the trustees on 29 November 2024.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Streatley Hill Pre-School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Page 12

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity 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 necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company 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 to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

No depreciation is provided in the year of addition.

Asset class Depreciation method and rate Freehold Property 5% straight line basis Fixtures & Fittings 25% straight line basis

Page 13

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of nancial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 14

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

3 Income from donations and legacies

3
Income from donations and legacies
Unrestricted
funds Total
General funds
£ £
Grants, including capital grants;
Grants from other charities 100 100
Regulargivingand capital donations 1,302 1,302
Total for 2024 1,402 1,402
Total for 2023 3,689 3,689
4
Income from other trading activities
Unrestricted
funds Total
General funds
£ £
Trading income;
Sales ofgoods and services 117,047 117,047
Total for 2024 117,047 117,047
Total for 2023 85,110 85,110
5
Investment income
Unrestricted
funds Total
General funds
£ £
Interest receivable and similar income;
Interest receivable on bank deposits 1,789 1,789
Total for 2024 1,789 1,789
Total for 2023 731 731

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Page 15

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

6 Expenditure on charitable activities

6
Expenditure on charitable activities
Unrestricted
funds
Total
Note General
funds
£
£
Wages and salaries 84,101
84,101
Staff training 700
700
Rent and rates 692
692
Light, heat and power 1,050
1,050
Insurance & Services 6,114
6,114
Repairs and maintenance 1,879
1,879
Equipment and Materials 4,180
4,180
Telephone and fax 645
645
Printing, postage and stationery 424
424
Sundry expenses 687
687
Cleaning and PPE 3,604
3,604
Canteen 251
251
Fund Raising Activities 407
407
Accountancy fees 660
660
Legal and professional fees 2,760
2,760
Bank charges 60
60
Depreciation of freeholdproperty 9,385
9,385
Total for 2024 117,599
117,599
Total for 2023 104,845
104,845

Page 16

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

7 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

9 Tangible fixed assets

Land and
buildings
£
Furniture and
equipment
£
Total
£		 Land and
buildings
£
Furniture and
equipment
£
Total
£		 Land and
buildings
£
Furniture and
equipment
£
Total
£
Cost
At 1 August 2023
187,700
12,879
200,579
At 31 July2024
187,700
12,879
200,579
Depreciation
At 1 August 2023
108,445
12,879
121,324
Charge for theyear
9,385
-
9,385
At 31 July2024
117,830
12,879
130,709
Net book value
At 31 July2024
69,870		 -
69,870
At 31 July2023
79,255		 -
79,255
10
Cash and cash equivalents
2024
£
2023
£
Cash at bank 132,349
117,569
11
Funds
Balance at 1
Incoming
Resources
Balance at 31
August 2023

resources
expended
July 2024

£
£

£

£
Unrestricted funds
General 196,824
122,994
(117,599)
202,219
10
Cash and cash equivalents
2024 2023
£ £
Cash at bank 132,349
117,569
11
Funds
Balance at 1 Incoming Resources Balance at 31
August 2023 resources expended July 2024
£ £ £ £
Unrestricted funds
General 196,824 122,994
(117,599)		 202,219

Page 17

Streatley Hill Pre-School

Notes to the Financial Statements for the Year Ended 31 July 2024

Balance at 1 Balance at 1 Incoming Resources Balance at 31
August 2022 resources expended July 2023
£ £ £ £
Unrestricted funds
General 212,120
89,549
(104,845)		 196,824
12
Analysis of net assets between funds
Unrestricted Total funds at 31
funds July
General 2024
£ £
Tangible fixed assets 69,870 69,870
Current assets 132,349 132,349
Total net assets 202,219 202,219
Unrestricted Total funds at 31
funds July
General 2023
£ £
Tangible fixed assets 79,255 79,255
Current assets 117,569 117,569
Total net assets 196,824 196,824
13
Analysis of net funds
At 1 August 2023 At 31 July 2024
£ £
Cash at bank and in hand 117,569 117,569
Net debt 117,569 117,569
At 1 August 2022 At 31 July 2023
£ £
Cash at bank and in hand 122,759 122,759
Net debt 122,759 122,759

==> picture [469 x 38] intentionally omitted <==

Page 18

Streatley Hill Pre-School

Statement of Financial Activities by fund for the Year Ended 31 July 2024

Unrestricted Funds

Unrestricted Funds
Total
Total
Unrestricted
Unrestricted
Funds
Funds
2024
2023
£
£
Income and Endowments from:
Donations and legacies 1,402
3,689
Other trading activities 117,047
85,110
Investment income 1,789
731
Other income 2,756
19
Total income 122,994
89,549
Expenditure on:
Charitable activities (117,599)
(104,845)
Total expenditure (117,599)
(104,845)
Net income/(expenditure) 5,395
(15,296)
Net movement in funds 5,395
(15,296)
Reconciliation of funds
Total funds brought forward 196,824
212,120
Total funds carried forward 202,219
196,824

This page does not form part of the statutory financial statements. Page 19

Streatley Hill Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

Total
Total
2024
2023
£
£
Income and Endowments from:
Donations and legacies (analysed below) 1,402
3,689
Other trading activities (analysed below) 117,047
85,110
Investment income (analysed below) 1,789
731
Other income(analysed below) 2,756
19
Total income 122,994
89,549
Expenditure on:
Charitable activities(analysed below) (117,599)
(104,845)
Total expenditure (117,599)
(104,845)
Net income/(expenditure) 5,395
(15,296)
Net movement in funds 5,395
(15,296)
Reconciliation of funds
Total funds brought forward 196,824
212,120
Total funds carried forward 202,219
196,824

This page does not form part of the statutory financial statements. Page 20

Streatley Hill Pre-School

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

Total
Total
2024
2023
£
£
Donations and legacies
Committed giving 1,302
3,489
Grants - other agencies 100
200
1,402
3,689
Other trading activities
Fees and supplies 117,047
85,110
117,047
85,110
Investment income
Interest on cash deposits 1,789
731
1,789
731
Other income
Other income(analysed below) 2,756
19
2,756
19
Charitable activities
Wages and salaries (84,101)
(73,854)
Staff training (700)
(956)
Rent and rates (692)
(772)
Light, heat and power (1,050)
(1,141)
Insurance & Services (6,114)
(5,130)
Repairs and maintenance (1,879)
(2,413)
Equipment and Materials (4,180)
(1,959)
Telephone and fax (645)
(743)
Printing, postage and stationery (424)
(208)
Trade subscriptions -
(209)
Sundry expenses (687)
(122)
Cleaning and PPE (3,604)
(2,716)
Canteen (251)
(182)
Fund Raising Activities (407)
(843)
Accountancy fees (660)
(505)
Legal and professional fees (2,760)
(2,660)
Bank charges (60)
(66)
Depreciation of freehold property (9,385)
(9,385)
Depreciation of fixtures and fittings -
(981)
(117,599)
(104,845)

This page does not form part of the statutory financial statements. Page 21