Alec Hunter Pre-school Financial Stalernents Year Ended 31 July 2024 Charity registration number.. 1137555 Company registration number: 07261959
Alec Hunter Pre4chool Financial Slatements Year Ended 31 Juty 2024 Contents Page Charity Reference and Administrative Detsils Truslees, Annual Report Independent Examiner's Report Slalement of Financial Activities Balance Sheet Notes to the Finanaal Statements 9.15
Alec Hunter Pre4chool ChaTIty Reference and Administrative Details Year Ended 31 July 2024 Charlty registratlon number 1137555 Company reglslrallon number 07261959 Trusteès Mrs B Middleton Mr S Matthews Mr P Eldridge Rggistered office Barbèr Memorial Hall Hay Lane North Braintree Essex CM7 30U
Alec Hunter Prechool Trustees, Annual Report Year Endèd 31 July 2024 The Trustees present their report and the financial statements of the charity for the year ended 31SI July 2024. The Iruslees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Chanlies" IFRS 1021 in preparing the annual report and financial statements of the charity- Trustees of tho charity The directors of the charitable company are ils trustees for the purposes of Charity law. The Iruslees who have served during the year and Since the year end were as flOws.. Mrs B Middleton Mr S Matthews Mr P Eldridge structurè, governance and management Governlng document The charity is controlled by ils goveming documenl, a deed of trust and ¢on$tilutes a limited company, limited by guarantee. as defined by the Companies Act 2006. R•cruitm•nt and appolntm•nt ol n•w tNsto•s Trustees are appointed each year al the Annual General Meeting. All pafenls of the children al the pre-school or from the lo1 wmmunity are eligible lo be elected. InductSon and tralnlng of the new trustees New Iruslees receive a handover from outgoing Iruslees who remain conlaclable in case of need. Organlsatlonal structuro The pre-school is run by a management committee made of a maximum of e1ve parents and three volunteers from the local community. A minimum of five members of the committee are ected 31 the AGM lo be Directors and Trustees of the companylcharity. The following roles are assigned within the committee.. Chairperson Vice Chairperson Se¢relary Treasurer Fees Administrator The p-School manager forms part of the Committee and manages 6 membets of staff. all of which have their own individual roles including Health and Safety, Child Protection and SEN. Sub committees are fom)8d as and when required for ad hoe project work. Wider network The pre-school is re9islered with OFSTED and in 2016 receNed a GOOD rating. Th8 charity is also a momber of the Pre School Leaming Alliance.
Alec Hunter Pre4chool Trustees, Annual Report Year Ended 31 July 2024 Relatod parties The p-S¢h0o1 has close links with the Carousel Children's Centre and the local library. We also have close links with lo¢al primary schools, which allow smooth transit when the children ave us to start school. Rlsk managefflènt The Iruslees have a duty to identify and review the risks lo whith the charity is exposed and lo ensure appropriate eontrols are in place lo provide reasonable assurance against fraud and error. The pre-school holds a ntIngencY fund of 4 months running costs as well as full insurance. Objocllves and actlvllles Objectlvès and alm$ The aims of the charity are lo enhance the developmenl and education of the children primarily under slalulory school age by en¢ouraging parents lo undersland and provide for the need of their children through community groups and by.. 1. Offering appropriate play. education and care fa¢ililies and training courses, together with the right of parents lo lake responsibilily lor and lo become involved in the activilies of such gfOUPS, ensuring Ihal such groups offer opportunities for all Childn whatever their race, culture, religion, means or ability. 2. Encouraging the study of needs of such ¢hildr6n and their families and promoting public interest in and recognition ol such needs. 3. Instigating and adhering lo and furthèring the aim$ and objects of the pre-school learning alliance. Publ1¢ beneflt The pre-school provides services lo pre-school children aged 2 - 5 years in support of the local neèd and Ihorelore deemed lo be acting lor public benefit. Volunt•ers The management commthee is made up entirely of volunteers who help run the pre-school and arrange and manage lund rai$ing events. The pr&-$¢hool is fortunalg lo havo many parent helpers in sessi¢)ns. Achlevement and perfomiance Charltablè actlvltl Fundraising activities are undertaken and donations received for specific needs. This year's events have seen Christmas presents for parent5. Mother's Day presents fundraisers and a colounng competition. We also held a Christmas Fayre which was a success in both the raising of funds and the awareness of the nursery for new parents. Although fundraising has continued to be difficult this year due to the economic situation that people are in. The nursery has been picked for the 2024 Braintree Camival and received a £500 tjonalion that was spent on garden improvements induding a new trampoline, safety mats and new boxes of play sand and mud. Investment Income The charity holds funds in currenl bank accounts, which generates a minimal amount of interest. The contsngency fund is held in a savings bank account. which generates interest annually. These funds are held
Alec Hunter Pre4chool Trustees, Annual Report Year Ended 31 July 2024 lo ensure that the charity has a sufficient amount lo ensure that it can continue to Cary Out its day to day operalions in order lo fulfil its charitsble obiectsves. Financlal review Resenles pollcy The pre-school maintains to hold a conts"ngency fund, which now covers four months running costs. The Trustees of the charity aim lo ensure that il has sufficient reserye5 to ensure that Il ¢an contsnue lo carry out its day lo day operation5 in order to fuffil ils charity objectives. Prlnclplo fundln9 sourGes The pre-school receives the majority of ils income from the Earty Years funding and also charges a nominal fee lo parents for children of pre funded age. SEN Funding is received lo help support the children with Special Education Needs. Future Developments Tho chanty will continue fundraising to further the development of the P School. We also are continuing lo apply for grants so we can continue lo update the outdoor space including water play, a new shed and replacing the astro turf. We also want to look at possible altemalive options for Ihe healing of the Pre School. The charty will continue lo encourage new parents lo join the ¢ommitlee or as parent helpers. Staff training and dévelopment will continue in order to mainlain the hh level service provided. The Trustees ol the chanly continue to lake on board comments made by Otsled and will work towards improvement$ lor the charity as a whole. These linanci81 slalements have been prepared in accordance with the provisions in part 15 of the Companles A¢1 2006, appli¢able lo companies subject the small companies regime. On behall of the board Paul EkIrgI IApT 73. 2025. 503wnl Paul Eldridge, Director and Trustee 22nd April 2025
Alec Hunter Prechool Independent Examiner's Report to the Trustees of Alec Hunter Pre-school Year Ended 31 July 2024 I reF)Ort lo the charity Iruslees on my examination of the accnunts of the company for the year ended 31 July 2024 which are sel out on pages 6 to 15. ResponsSbllltlè8 and basis of rgport As the charity Iruslees of the company {and also ils directors for the purposes of company law} you are responsible lor the preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act.). Having satssfied myself that the aceounts of the company are not tsquired lo be audited under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of my examination ofyour company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Ad.). In carrying out my examin8tion I have followed the Directions given by the Charity Commi$$ion under section 145lSllbl of the 2011 Act. Indopendent examln•r's statom•nt I have completed my examination. I confirm that no matters have come lo my allenlion in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounls do not accord with those records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other Ihan any requirement th81 the accounts give a 'true and fair view. which is not a matter considered as part of an indepondenl examination.. or the accounts have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounling and reporting by charilies lapplicable lo charities preparing their accounts in accordance wilh the Financial Reporling Standard applicab in the UK and Republic of Ireland {FRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper UndetandIng of the accounts lo be reached. Signed.. Pocknells LLP - Independent Exarniner Chartered Accoun18nts Henry Brake House 46 Hullbridge Road South Woodham Ferrers Essex CM3 5NG 22nd April 2025
Alec Hunter Prechool statement of Financlal Actlvities Year ended 3110712023 Year ended 3110712024 Unrestricted fvnd$ Restricted funds Total funds Total SORP Ref Incomg and endowments from: Charitable activities 146.192 3,493 149.685 84,006 Total Income and endowmènts 146.192 3.493 149,685 84,006 Expendltur• on: Charitable activities 82 117,191 1.556 118,747 93,692 Totsl fjxp•ndlturo 117.191 1.556 118.747 93,692 Net Income for the y•ar 29.001 1,937 30,938 (9,6871 Net Ineom• aftèr transfèrs A-8-C 29,001 1.937 30.938 19.6871 29.001 1.937 30,938 (9,687) R•conclllatlon of funds:. Total funds brought lorward 61.122 21.661 82.783 92,471 Total funds carrled fOard J.123 23,598 113,721 82,784 The"SORP Ref indicated above is the classificats'on of income set out in the fomial SORP doeumenls. As required by paragraph 4.60 of Ihe SORP. the bnwght fonyard and carried forward funds above have been agreed lo the Balance Sheet. A separate Statements ol Total ReccN3nised Gains and Losses in nol required as this statement includes all recognised gains and losses. All activities derive from continuing operatsons. The noted attached on pages 9 to 15 fomi and integral part of ihese accounts
Alec Hunter Pre-school Balan¢e Sheet as at 31 July 2024 As at 31 July 2024 As al 31 July 2023 Note SORP Ref Flxed assets Tangible assets 336 486 Current assèts Deblors 10 B2 583 665 Cast al bank and in hand B4 123,030 88.279 Totsl current assfrts 123.614 88,944 Crodltors: •mount$ falling du• wlthln on• yoar C1 6,645 Net current assets 113.387 82,299 Totsl n•t assets 113,722 82,784 The total net as•ets ol th• charlty are funded by thè funds ol th8 charlty as follows:. Restrlcted funds Reslricled revenue funds 12 D2 23.598 21,661 LlnrestrlGted funds Unreslricled rèvgnue fvnds 12 D3 90,123 61,122 Dèslgnatèd funds Total charity funds 113,722 82.784 The "SORP Ref indicated above is the dassificatson of Bance Sheet items as sel out in the fomal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SORP. The Directors are satisfied that Ihe company is entitled lo exemption from the requirement lo obtain an audit sjnder section 477 of Companies Act 2006. The member has not required the company lo obtain an audit in accnrdance with section 476 of the Act. The Directors acknowledge their resFMJn5ibililies for complying with the requiremenls of the Companies Acl 2006 with respect to accounting records and preparation of accounts.
Alec Hunter PreChool Balance Sheet as at 31 July 2024 The charity is subject lo independent examination under the Charity Legtslation. and the report of the independent examiner is on page 5. The financial statements have been prepared in accordance wth the provisions in part 15 of the Companies Act 2006, applicable to companies, subject to the small companies r8gim8. p• £rty• ?3, 2025. 503pm} Paul Eldridge, Director and Trustee Approved by the board of Iruslees on 22nd April 2025 Tho not•6 attachèd on Pa9 9 to 15 form an Integrnl part of th•s• accounts.
Alec Hunter Pre4chool Notes to Ihe Financial Statements Year Ended 31 July 2024 Summary of significant accounting policies (a) General intormation and basis of preparatlon The accounts have been prepared on the accruals basis. under the historical cost convention, and in accordance with the Financial Reporting Standard 102, leffeclive 1st January 20161 and 'FRS 102 SORP (Statement of Recommended Praelice for Accountin9 and Reporting by Charities) 2015, (as amended by the Bullebn issued in February 20161. IThe SORPI. published by the Charity Commission in England & Wales ICCEWI . effective January 2016 and in accordance with all applicable law in the charity's jurisdiction of regislralion. except Ihal the charity has prepared the financial slalements in accordance with the FRS 102 SORP Isialemenl of Recommended Practice for Accounting and Reporting by Chariliesl 2015, las amended by the BUltin issued in February 20161, (The SORPI, in preference lo the previou$ SORP. Ihe SORP 2005. which has been withdrawn, nobvithslandin9 the fact that the extant statutory regulations. the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done lo accord with current bgst practice. {bl Incorne rocognltion All income is recognised once the Charity has enlillemenl to the income, il is probable Ihat the income will be received and the amount ol the income rèceivable can be measured reliably. Donations are recognised when the Charity has been notified in writing of both the amount and selllemenl dale. In the evenl that a donalion is subject to conditions Ihal require a level of performance by the Charity before the Charity is enlilled lo the fvnds. Ihe income 1$ deferred and not recogn1sed until either those conditions are lully mel, or the lulfilmenl of ihose conditions is wholly within the control of the Charity and il is probable Ihal those conditions wll b8 fulfilled in the reporting period. Grants are recognised when the Charity has an entitlement lo the funds and any condition5 linked lo the grant have been mel. Where perfomiance nditionS are attached to the 9ranl and are yel lo be mel, the income is recognised as a liability and included on the balance sheet as deferred inGome to be released. {¢) Exp•ndlture rncognllion A liability. and the related expenditure. is recognised when a legal or constructive obligation exists as a result of a past evenl, and when it is more likely than not that a Iransler of economic benefits will be required in settlement, and when the amount of the obligation can be measured or rgliably eslimaled. Liabilities arising from future funding commitsnenls and conslruclive obligations, including perfomiance related grants. where the timing or the amounl of the future expenditure required lo sellle the cbligalion are uncertairb, give nse to a provision in the accounls. which is reviewed al the accounting year end. The provision is increased to reflect any increases in liabilities and is decreased by the ulilisalion of any provision within the pèriod and revwsed if any provision is no longer required. These movements are charged or ¢fediled lo the respective fijnds and activities lo which the provision relates. (d) Volunt•tr$ In accordance with the SORP, and in recognition of the difficulties in placing a morielary value on Ihe contribution from volunteers. the contnbulion of volunteers is not included within the income of the ehanty. However. the trustees value the signifbcant contribution made lo the activities of Ihe charity by unpaid volunteers and this is described more fully in note 6.
Alec Hunter Pre-school Notes to the Flnancial Statements Year Ended 31 July 2024 lel Tanglble fixed assels Tangible fixed assels are measured at their original cost value, or subsequent revaluation, or rf donated, as described above. Cost value includes all costs expended in bringing the asset into ils intended working condition. Oeprecialion has been prowded at the folknving raled in order to write off the assets lo their 8nticipaled residual value over estimated useful lives. Furniture and equipment 20Vo straight line lfj Flnanclal Instruments Includlng east and bank balane•s Cash held by the charity is Included at the amount held and counted at the year end. Bank balances, whelher in credit or overdrawn. are shown al the amounts properly reconciled lo Ihe bank slalemenls. {gl Going concorn The financial statements have been prepared on a goin9 concem basis as the Iruslee5 believe that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected level ol income and expenditure for 12 months from authorisin9 these financial slalemen15. The budgeted Inrne and exp6ndrturè is sufficient with the b8val ol r&seTVeS for the charity lo be able to continue as a going concem. {h) Fund a¢Gounllng Unrestricted lunds are available for use al the discretion of ihe Iruslees in furtherance ol the genèral objectives ol the charity. Incorne from charltable actlvlties Total 2024 Total 2023 Vouchers 125.496 75.271 Fees from parents and orèrs 22.742 8.124 148.239 83.395 10
Alec Huntèr Pre-school Notès to the Financial Statements Year Ended 31 July 2024 Income Irom other tradlng activities Total 2024 Total 2023 Fundraising events 510 Incomo from Investments Total 2024 Total 2023 Deposrt accounts inter8sl 113 101
Alec Hunter Pre4chool Notes lo the Financial Statements Year Ended 31 Juty 2024 Allocation of support costs Current year total funds 2024 Prlor year total funds 2023 Employ99 CQ$ts not Included in dlrect costs Ernployee costs 76.346 60,389 Premlses 8xp•nsès Rent Rates Electricity Water Premise$ Costs 20.400 749 7,928 477 16,900 1.552 5,994 428 Admlnistrativ• ov•rh•ad• Bookclub fundraising SENCO Telephone and broadband Printing Postage and stationery Snacks and drinks Cleaning Training General repairs and renewals Equipment leasing Professional fees Accountancy lees Equipment SubscTiplions Gifts School trips Bank charges Other expenses Insurance Pet ¢arg 88 24 898 935 330 1.588 1,399 48 801 450 202 1.384 1,125 403 1,256 918 493 323 353 452 1.065 830 197 95 1,237 2.386 106 1,114 438 Fin•nGlal co$t$ Depreciation and amortisation 150 112 Support costs before reallocatlon 118,747 93.692 12
Alec Hunter Pre-school Notes to tho Flnanclal Slatements Year Ended 31 July 2024 The contrlbutlon of volunteers The charity depends on the support of its volunteers. which is much appreciated. Remuneratlon and payments to Trustees aDd persons connectèd wlth them One Trustee received remuneration from Ihe charity 1£22,1211 as aulhorised by the governing dwLsmenl. The remuneration was paid for services provided lo the Charity in order lo assist the a¢hievements of ils objeclives, but over and above the seNiees provided by their role as a Trustee. Staff costs and •moluments Number of fu1141me •mploy••s or fvll tlm• •quSvalents The average number ol lotsl staff employed in the year was 2024 2023 T*nglbl• Ilxod ass•ts Equlpm•nt Total Colt Al 1 August 2023 11,824 11,824 Additions At 31 July 2024 Depreclatlon At 1 August 2023 11,338 11,338 Charge for the year 149 149 At 31 July 2024 Nèt Book value At 31 July 2024 336 336 At 31 July 2023 486 13
Alec Hunter Pre4chool Notes lo the Flnancial Statements Year Ended 31 July 2024 10 Debtors 2024 2023 Trade debtors Other debtors 583 665 Total debtors $83 665 11 Credllors: amounts falllng du• withln one year 2024 2023 Trade Creditors 1.911 340 PAYE. NIC. VAT and other taxes 526 368 Other creditors 7.790 5,937 ToLIl er•dltOf• 14
Alec Hunter Prechool Notes lo the Financial Statements Year Ended 31 July 2024 12 Funds At1 August 2023 Incomlng Resour¢os sources expended At31 July 2024 Total movement Transfgrs Deslgnated funds Contingency fund Unreslricled fundraising and donations 33,845 33.845 23,541 1.394 158) 24,876 1,335 Garden project fund 61 611 1611 Disability Access fund 828 828 828 58,275 1,394 (9471 58,721 447 Rostrlcted fund$ SEN lunding 21.661 3.493 11.556) 23,598 1,937 General funds Unreslricled income fund 144,798 116244 149.685 118747 113 721 13 R•lat•d party transactlons There were no related paty transactions in the year. 15