DO?[9 Envgtopg ID.. 12DCD4E2409D4CCMEBM8OFF8F82A40 Reglstered Charity No: 1138434 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB FINANCIAL STATEMENTS 31 AUGUST 2024
DooJ$lgn Envolope ID.. 12DCD4E2409D4CCMEB&6BOFF8F82WJ CONTENTS Page TRUSTEES, REPORT TRUSTEES, RESPONSIBILITIES STATEMENT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 7-11
DoGu$ign Envelope ID.. 12DCD4E2-s(W4E834BOFF8FB2A4o WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB REPORT OF THE TRUSTEES The trustees present their report arKI the finandal stalements for the year anded 31 August 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Charity number: 1138434 Address: Elstub Lane Cam Dursley Gloucestershire GL116JJ Bankern: Natwest Bank PIC 18 The Plaln Thornbury BS35 2BF IDd¢p¢ndent Examlngr: S L.aWren DChA FCA Hazlewoods LLP Stsverton Court staverton Cheltenham GL510UX Tru•tM•: Th• Trust808 who 88rved durfn9 the year worn. B Keeno E Irvln8 G Harrls R Atherton H Rogers H Harper L Bennett hgir of the Committee chairnian Treasurer Trustee Trustee Trustee Trustee 8TRUCTURE. GOVERNANCE AND MANAGEMENT Govarnlng Documont The Trust Is an unincorporated assoclatlon and reglstered charity, govamed by Its Conslltutlon dated 22 September 2010. There have been no changes to the trust deed and rules of tho charity In th8 year. Management of the Trust The Trust is managed by th8 Board of Trust88s whith meets on a regular basls throughoul th8 year. The Board of Trustees shall consist when complete of no fewer than three but (unlass otherwise detemiined by a resolution of the charity in general meeting) shall not be subject to any maximum. A Trustee must be a member of the Trust or the nomlnated representstlV8 of an organtsation that is a member of the Tnjst. The Trust in general meeting shall elect the Officers and the other Trustees. The Trustees may appoint any person who is willing to act as a Trustee. They may also appoint Trustees as Officers unless a person has already been 018Ct8d or appolnted to that office and ha5 not vacated the offjce.
Dn Envelope ID: 12DCCAE2409D4CCMEB34BOFF8FB2A40 WOODFIELD NE8T PRE4CHOOL AND OUT OF SCHOOL CLUB REPORT OF THE TRUSTEES STRUCTURE, GOVERNANCE AND MANAGEMENT contlnuod No Trustee may b8 paid or recelve any other benefft for being a Tnistee. A Trustee may pay out of, (Y ba reimbursed from, the propety of the Trust reasonable expenses propedy Incurred by him or her when acting on behalf of the Trust. Rlsk Managemènt The Trustees have assessed the major risks to whith the Trust is exposed, in particular those related to the operations arKI finances of the Trust, and are satisfied thal systems are in place to mitigate exposu to the major risks. OBJECTS AND ACTivrnES FOR THE PUBLIC BENEFrr Objoctlves A. The object of the group shall be to advance the education and provide for the recreation of children of school age by making facilities and services available to them during out of 8choDI hour8. Th.8 obJe¢t of the group $ho11 to advance the 8durAtI.on for pre•sthool thlldren by making facllltSe8 and 8ervEce8 avallable to thom In a ¢tffeCtIVe manngr. Publlc B•n•fft The Irustoes conflnn that they have ref8rrod to tho guidance conlained In the Charity Commi$$lon's general guidance on public benefit when reviewing the Trusys aims and objedivv4 and in planning future actlvities. ACHIEVEMENTS AND PERFORMANCE The Charity Continues to provide facili8$ and serrfices to children outside of the school hours, to support worklng parents for children aged 3 to 11 year olds. The Pre-school session6 ran the whole year September 2023 to August 2024. We do not run holiday Clubs anymore. The Charlty put up Iheir fees from April 2024 onwards. We inlend to keep our profile hlgh In Ihe publlc domaln vla soclal medla and our webslte to contlnue to keep our numb8rs high. We are still planning to move to a Charitable Incorporaled by August 2025, hopefully. FINANCIAL REVIEW During Ihe year. the Trust raised unrestricted fund income of £290,512 {2023 - £269,742) and expended £293.517 {2023 - £262.947) in charitable activities. leaving net outgoing r&8ources for the year of £3.005 (2023- net incoming resources of £6,795). Reserves pollcy The Trust holds cash and bank funds of £141.261 at the year 8nd. Thes8 funds ar8 held in order lo meet the day to day expenditure of the TNst arKI also any unforeseen expenditure that may occur. Funds of £90.000 are held in tho business bank accounts lo cover any redundancy, holiday pay, sickness pay or propety repair, malntenance costs and restruclurfng For and on behalf of the trustsos B Keene- Chair 25 June 2025
Docuslgn Erkvelope ID: 12DCD4E2409D4ccEBB0FF8FB2A40 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB TRUSTEES, RESPONSIBILITIES STATEMENT The charty trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounb'ng Standards {United Kingdom Generally ACpted Accounting Practlce). The law applicable to charities in England and Wales requires the charity trustees to prepare fir)ancial statements for each year which give a true and fair view of the state of affairs of the chaiity and of the incoming sourceS and application of resources. of the charty for that period. In preparing the financial statements, the trustees are requlred to: 8•1•¢t 8ultabl8 accountlng pollclo6 and th•n gpply them conslstently: observe the methods and principles in the applicable Charities SORP; make judgments and estlmates that are reasonable and prud8nt; state whether applicable accounting standards have been followed. subject to any material departures that must be disclosed and explained in the financlal statements,. prepare the financlal statements on the going concern basis unless it is inappropriate to presume that the charlty will continue in business. The trustees are responsible for keeplng proper accounting records that dlsclose wrth reasonable accuracy at any time the financlal position of the charty and to enabl8 th8m to ensure that th8 financtal statements ¢omply wlth the Charitles Act 2011 and the provisions of the Trust deed. They are also responslble for 8afeguarding the assets of the charlty and taking reasonable Steps ft>r the prevention arKI detectlon of fraud and other Irregularftkn8.
DofAwgn Envelope ID: 12DCD4E2-509LHCC&AEB34BOFF8F82A40 WOODFIELD NEST PRE4CHOOLAND OUT OF SCHOOL CLUB Indendent Examlnerfs Report to the Trustoos of Woodfleld Nest Pre4chool and Out of School Club I report on the accounts of the Trust for the year ended 31 August 2024 which are set out on pages 5t011. R•spectivo rnsponsibilltles of tho charlty trustees and examlner The charity trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year {urKler section 144 of the Charities Act 2011 (the Act)} and that an independent examinalion is needed. It Is my responsibllity to: examine the accounts (under section 145 of the Act). to follow the procedures lald down In th8 General Dlrectlons given by the Charlty Commissioners (und8r s8Gtlon 145(5)(b) of th8 Act); and 10 State whether partlcular matter8 have come to my attention. Ba81s of Ind•pond•nt oxamln•rn' roport My examlnation was carriod out In 8ccordance with the General Directlons glven by the Charity Commt&8ion. An gxamination includes a review of th6 accoUnng records kept by the Charity and a comparison of the accounts presented with those records. It also Indudes consideration of any unusual items or disGlo$ure$ in the accounts, and seeking explanations from the directors trustees CeeM1ng any Such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequentty no opinion is given as to whether Ihe accounts present a Inje and fairf view and the report is limited to those matters set out in the statement below. Ind•pondent examln•rf$ statorn•nt I have completed my examlnatton. I confirm that no matsrial matters have come to my attention in connectlon wlth the examlnafjon glvlng me cause to belleve that in any mat8rfal respect: {1) accounting records were not kept in respect of the Trust as required by sectlon 130 of the Act: or {2) the accounts do not accord with those records; or {3) the accounts do not comply wlth the appllcable requlrements concernlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account8 glve a Irue and falr vlew whld) Is not a matter considered as part of an independent examination. I have no concems 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 b8 r8ached. S LAWRENCE DChA FCA HAZLEWOODS LLP SLworton, Choltenham Chartered Accountants and Reglstsrod Audltors 25 Juno 2025
DI)1#10n Envolopg ID: 12DCD4E2409D4CCMEBHBOFF8FB2A40 WOODFIELD NEST PRE-SCHOOL AND OUT OF SCHOOL CLUB STATEMENT OF FINANCIAL ACTWMES for the year ended 31 August 2024 2024 Totsl 2023 Total Note Unrestricted funds Unreslricted funds INCOME AND ENDOWMNETS FROM: Donations and legacies 31,350 24,667 Charitable activities 257,210 244.380 Investments 1,952 TOTAL 290.512 269,742 EXPENDITURE ON. Charltsble actlvltles 293,517 282.947 TOTAL 293,517 262,947 NET MOVEMENT IN FUNDS FOR THE YEAR {3,005) 6,795 Totsl funds brought forward at beginning of year 131.137 124.342 TOTAL FUNDS CARRIED FORWARD AT END OF YEAR £ 128.132 £ 131,137 All activiti08 aro continuing.
DOn Envelope ID: 12DCD4E24091)4CCmEBbDFFBFB2A40 WOODFIELD NEST PRE-SCHOOL AND OUT OF SCHOOL CLUB BALANCE SHEET 31 August 2024 2024 Unro$lrl¢t•d funds 2023 Unrestrlctsd funds FIXED ASSETS Tanglble assets 4.502 4,787 CURRENT ASSErs Debtors Cash at bank and in hand 7,233 141.261 6,878 137,055 148,494 143,933 LIABILMES Credltors - amounts falling due within one year {24,864) (17,583) NEf CURRENT ASSErs 123,630 126.350 NET ASSETS £128,132 £ 131.137 FUNDS OF THE CHARITY UnrestrlGtgd funds 10 £128.132 £ 131.137 26/6/2025 Approved by the Board of Trustees on ................... and sign8d on their b8half by: B Keene- Chalr
DOn Envelop8 ID: 12DCD4E2-509D4CC&AE834BOFF8FB2A40 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 ACCOUNTING POLICIES Basls of proparation and assessment of golng concern The financial statements have been prepared In accordance with Accounting and Reporting by Chariti8s: Ststement of Recommended Practlce applScable to charities preparlng thelraccounts In accordance with th8 Flnancial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) effective 1 January 2019 and the Charities Act 2011. The presentational currency of the accounts is UK £, being the fun(Xional currency of the primary economic environment in whlch the company operates. Mon8tsry amounts in these accounts are rounded to the nearest £. Woodfield Nest Pre-school and Out of School Club meets Ihe definition of a publlc benefit entity under FRS102. Assets and liabilities are initialty recognlsed at hlstorl¢al cost or transaction value unless otheiSe stated In the relevant a¢untIng pollcy rM)tes. The trustees consider that there are no rnaterial uncertalntles about the CoMpanS abilty to continue as a going concem. Incomlng R•sourc•s Donations, gifb and legacies represent amounts received during the year, together with any assoclated tax rofund. Gffts In klnd for use by the charlty are recognlsed as Incomlng resources when recefvable at a reasonable estlmats of thelr value. Assets given for d18tr1butlon arn only recogn5sed when dlstrlbuted. Grants reable for 8p8cfflc Purposes are credlted to th8 Statement of finandal acilvSdes in thg year lo whlth they relate as Soon as condltlons for recelpt have been meL Unspent balances are carrled fonvard to subsequent years wSthln re8tr1cted fund8. Grants for Immedlate flnanclal 8UPPOrt or recelved agaln8t costs prevlously Incurred are recognbed 5mmedlately In the Ststement of Flnanclal ActSvltle8. Voluntary Sncome is shown gross befor8 d8ductbn of fund-ralslng exndftUr8. ROUrc¢• Expend•d All expendlture Is accounted for under the accruals concepL The irrecoverable element of Value Added Tax Ss Included wlthln the Item of expense to whlch St relates. Funds General unrestricted funds comprise accumulated surpluses and derlts on general adlvltles. They are available ft)r use at the discreti¢)n of the trustees in furtherance of the company's obj8Ctives. Restricted funds ar8 funds which are to be used in accordance wlth specific restrictions imposed by the donor or trust deed. There is a single restricted fund. which is restricted for use in the Criminal Jusllce sector.
Docu¥gn Env8lop8 ID: 12DCD4E2-509D4CC8-AEB34BOFF8FB2A40 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 AccouKfiNG POLICIES {Contlnu•d) Golng con¢em The trustees have prepared forecasts that show the charity will be able to continue as a going concem for at least the next twelve months and Ihey have therefore prepared the financlal stalements on the going conrn basls. Tangiblo ed Ass•ts All assets costing more than £250 are capitalised. Tanglble fixed assets ar8 Stated at cost less depredation, or at estimated value at dat8 of donation les8 depreciation in respect of donated assets. Depre¢ialion is provided to write off the cost or valuation less estimated residual value of tanglble assets over their estlmated useful lives at the following rales: Computers and equipment 25% of written down value DONATIONS AND LEGACIES 2024 2023 Donations Donatsd facllities (note 9) 24.000 24,000 £ 31.350 £ 24,667 CHARITABLE ACTMTIES 2023 Fee8 Nursery funding 158.281 98.929 155.286 89,094 £ 257,210 £ 244,380
Docu8lgn Envolope ID: l2DCD4E24O9CE834BOFF8FB2A40 WOODFIELD NEST PRE4CHOOLAND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMEKrs for the year ended 31 August 2024 2024 2023 CHARITABLE ACTIVITIES Charitable activities Purchases Staff costs (note 9) Staff tralnlng Staff penslons (note 9) Donated facllltles (note 10) Rat88 Light and heat Insurance Repairs and maintenan¢0 Telephona Computer runnlng costs Prlntlng, postage and statlonery Subscdptlon8 Equlpment leaslng Cleaning Advertlslng Lagal and professlonal faès General expenses 15,239 210,956 4,085 5,301 24,000 797 5,885 13,354 187.796 4.518 3.136 24.000 870 3.257 979 7,746 1,342 2,495 1,136 1.599 980 1.792 7,630 1,798 2,532 1,786 2,113 2,357 1,634 2.159 288,247 257,157 Govarnance costs Independent examinorf8 fees Accountancy Bookkeeping expenses Depreciation 735 735 2,390 1,410 810 810 2,572 1,596 5,270 5,788 £ 293,517 £ 262.947
DocLKqign Erwglopo ID: 12DCD4E2409tHCC&AEB34BOFF8F82A40 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 TANGIBLE ASSETS Computers oqulpmont Cost At 1 September 2023 Addltions 17,390 At 31 August 2024 17,390 D•pr•clatlon At 1 September 2023 Charge for year 12,603 1.410 At 31 August 2024 14,013 Net book valuo At 31 August 2024 £4,502 At 31 August 2023 £ 4,787 All tangible assets are used for charitable activities. DEBTORS 2024 2023 Trade debtors Other debtors 7.233 6,401 477 £ 7,233 £ 6,878 CREDITORS . du• wlthln on• y•ar 2024 2023 Trade creditors Accruals Deferred income (see nole 8) Social security and other taxes 4,939 1,680 15,933 2,312 2,109 1,620 11,885 1.949 £ 24.864 £ 17.563 10-
DOC859n Envelope ID.. 12DCD4E2-509fC¢&AEB34B0FF8FB2A40 WOODFIELD NEST PRE4CHOOL AND OUT OF SCHOOL CLUB NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 DEFERRED INCOME Deferred Income relates to payments received in advance for Glasses in the new a(ademlc year. 2024 Deferred income blfwd ArrK>unts added in current period Amounts released to income 11,885 15,933 (11,885) 5,074 11.885 (5,074) £ 15,933 £ 11,885 STAFF COSTS 2024 2023 Wages Employerfs Natlonal Insurence Employarfs penslon contrfbutlons 197,855 13,101 5,301 181,940 5,856 3,136 £ 218,257 £ 190,932 The average number of employees durlng year is summarised as follows: No. Charitsble activities 15 14 No employee received emoluments in excess of £60.000. No Truste8 received relmbursements for expenses or r8mun8ration during th8 year. 10 DONATED FACILITIES The Charfty currently has the use of a building rent free which is ovmed by the Cotswold Beacon Acad8my Trust. The est5mated market rent for the use of the property IS £24,000 per annum, as estlmated by the Trustees. 11 FUNDS Unreslrfcted funds comprise those funds which the INstees are free to use In accordance with the charftable objecttves. 12 RELATED PARTY TRANSACTIONS There were no related part transactions during the year. 11