Padbury Pre-school AGM Report November 2023
A busy year this year, has seen a change in preschool management. At the beginning of this year we appointed Mandy into the role of preschool manager, who has taken to the role very well.
Alongside the appointment of a new manager, we have recently had an inspection from OFSTED. We still awaiting the outcome from this.
I still believe as a setting, we continue to provide a good quality of service to the children of Padbury and the surrounding Villages. To ensure this as a preschool we have opened up our setting further on Friday afternoons.
I feel we are very fortunate to have valuable practitioners who ensure the children are given a warm and friendly start to the education. Staff have worked hard to manage the changing demands of the preschool as well as the increase of children.
In order to support our staff and continue to develop our own, we have some members of the team undertaken apprenticeships.
Preschool has been made more secure this year with repairs made on our perimeter fencing, to ensure the children have a safe outdoor area to play in.
Preschool website has had an overhaul and is more accessible and user friendly. We thank the support given with IT to Chris Blakey
This last year seems to feel like COVID is not having such an impact on us as a setting and positively as a preschool we have been able to host our annual events welcoming families back in.
As a Committee we have seen a few new faces join us, which is always a positive to ensure that fresh ideas and preschool continues to grow. The preschool continues to link closely with the schools PFA, supporting a number of events which has helped us to achieve a significant amount of fundraising. This has been spent on a number of projects mainly supporting the Phonics.
I would like to take this opportunity to thank all staff and committee members for their continued support in the preschool. Unfortunately, I will be stepping down as chair and stepping away from the committee to enable me to pursue some of my own personal goals. I look forward to seeing the preschool continue to thrive and wish everyone the best.
Ricky Brown Padbury Preschool Chair
Ricky Brown Chairperson for Padbury Pre School Committee
REGISTERED COMPANY NUM8ER.- 06S68931 {England and Wales) REGISTERED CHARITY NUMBER: 1139219 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2023 FOR PAPBURY PRE4CHOOL AD35ZR37• 2410024 COMPANIES HOUSE A19
PADBURY PRE4CHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2023 Page R•fer•nce and Administrative Detalls I Report of the Trustees Independent Examiners Report Statement of Financlal A¢tiYitles Balance Sheet "S to 6 Notes to th• Financial Statements 7 to 12. Detalled Statement af Financial A¢livities 13. to 14
PADBURY PRE4CHOOL REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENOED 30 AUGUST 2023 TRUSTEES CAM¢ry. Cmmiah J K 81akey A R Bmwn (resigned 1311112W23) A J Odams lapFwJinted 1411112023} Z Pear (appted 19n120231 E White (appcrf"nted 30110120231 S M Hayward (apDIed 30110120231 REGISTERED OFFICE Pattbury Pre Sdwl Building . Padbury C of E Schc kinghamshire MK18 2AP REGISTERED COMPANY NUMBER I568931 IEnglarKJ aThJ Walesl REGISTERED CHARITY NUIfj8ER 1139219 INDEPENDENT EXAMINER" Ad val0 Ac(xuntsncy SeNces knmited .Charteret1 Certified Accountsnts 2 Manor Farm Court Old Wol¥erttyTr Roal ad Wol¥ert . 8ucktr¥Jhamshire MK12 5NN Page 1
PADBURY PRE4CHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 AUGUST 2023 The Irustee5 are also dectOrS of the charity for the purpc6es of the Companies Acl 2006. present their . port W451h the frnan¢ial ststements of tre charity for the year en¢Jed 30 August 2023. The tfuslees have adopt8d the provisions of AcccyJntr"ng and ReportiThJ by CharitEs.' Statement of RernmentYed Pradice applicable to charthes preparing their account5 in ac¢ordance wth the Financial Reporbng Standard applicable in the UK and Rewblic of ITela'rThJ IFRS 1021 (effecb¥e 1 January 2019). OBJECTIVES AND ACTIVITIES Obj¢¢tlvè$ and aim5 The tnJslees have paid due regard lo gu1tjare issued by the Charity Commi5sK)n li dec•Jing %thal activTties Ihe chanlable company sh¢xdd undertske. Achievements and performance Financial review The trustees have assessed the major risks lo the Charitab company exposed. and a satisfied that systems are in •ce to M"gate eX[Sure lo the major risks. StNctur•.'governancè aftd management The pre-school cyerates as a rw)E for wofrt company Uimiled by arantee) register&J Comparwes Hous"e . and we hold charitable status. We employ seven part-time staff and provKJe services lo many local, 2-5 arS dd Childn. Athough we a a company. we are set up as a ¢¢xnmiitee a ¢hairperson. treasurer and secretary so that there are dear rdes for all invdved. STRUCTURE. GOVERNANCE AIID hlANAGEMENT Goveming do¢um•nf The charity is controlled by its goveming documenl, a deed of Injsl. arKI consbttjtes a limited (xthpany. linvted by guafantee, as deffine¢J by the Companiés Act 2. The Injslees, who are 8Lw the di¢1015 for the purF4)se of company law. anQ who served during the year and up to the date of signature ol the finallaal slatements were.. C A mcnry Cmmiah JK Blakey A R Br¢)wn (resigned 1311112023} A J Oijams (appointed t411112023) Z Pearce (appointed 1911120231 E White (appointed 30110r20231 S M Hayward (appointed 3011012023) This report has been prepared in accordan with the speaal proV10n$ of Part 15 of Ihe Companies Act 2006 relating lo small companies. Approved by order of the board'of trustees on 15 May 2024 arKI signed on its behalf by: C A Mchenry- Tnjslee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRESCHOOL Independent examinefs report lo th¢ trustees ol Padbury Pre&hool (Ihe Company.) I report to the charty trustees on my examinab'on of the accounts of the Company for the year ended 30 Augusl 2023 Responslbllltles and basls of report As the charity's trustees of the Company land also rts direct¢)rs for the purFoses of company lawl you are responsible for the preParats of the xcounts wi xcc¥dance wrth the requirements of the Companies Act. 20061.the 2006 Act.). Havin9'&*Isfd mysdf that the aco)unts of the Company are not requir& to be audrted under Part 16 of the 2006 Act and are eligibk lor independent examiTratp?n, I rep)rt in respect of my examinatr)n of your. charity's accounts as Carr out under sects.on 145 of the Chant$ kt 2011 (Ihe 2011 Ael,). In carrying Out my examination I haye followed the 0irects.ons given by the Charity Commission undeT Section 145(51 Ib) of th8 2011 Independent examinerfs statement I h'ave Cometed my examination. I confirm that matters have corne to my attention in connection wikn the. examination giving me cause to belwe.. accounting recorts were not kept in respect of Company as required by Se¢lion 386 of Ihe 2006 Act", or the aeeounts do not accord those records,. or the attounls do not comply bvith the accounting requirements ol Secti7 3 of the 2006 Ad other than any requirement that the accounts give a true and fir view whth is not a matter considered as part of an independent examination.. or the accounts have not been prepared fft ¥¢ordance wiiti the n7elld$ and principles of the Statement of Recommended Practice for ae¢ounts"ng and reporting by charth.es {applicable lo charrties preparing their accounts In ae¢ordance wrth the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102)). l .have no concerns and have come across no olher matters Hi eonnection with the examinattrjn to which attenlion shiyjld fje drawn in this report in to enable a proper understanding of the a¢¢ounts to be reached. Tom Foot FCA Ad Valorem Accountancy Serwces Limited Chartered Certffied Accoijnlants 2 Manor Farm Court Old Wolverton Ro Old Wolverton Buckinghamshife MK12 5NN 15 May 2024 Page 3
PAD8URY PRE4CHOOL STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 30 AUGUST 2023 Period 119121 to 3018122 Year Ended 3018123 Total funds fufid fund Notes INCOME AND ENDOWMENTS FROIA Donations and IaoeS 1.979 9.801 10.321 Charitable a¢lilieS Investment income 80.316 15 575 80,891 65.689 Total 88.153 2.561 90.714 76.011 EXPENDITURE 011 Charltablo activities Charitable expenditure ' 86.610 7.824 94.434 85.481 NET INCOMEI(EXPENDrruREI 1.543 (5.2631 (3.7201 (9.470) RECONCILIATION OF FUNDS Total funds brought forwdrd 71,15S 87.727 108.352 TOTAL FUNDS CARRIED FORWARD 12.698 95.162 98.882 The notes fom part of these financial statements Page 4
PADBURY PRE4CHOOL BALANCE SHEET 20 AUGUST 2023 2023 2022 Total l¥nd lunds FIXED ASss Tangible assets 10 75.955 75.955 80,502 CURRENT ASSETS Debtors Cash a bank aThJ in hand 11 14.047 6.509 20,556 I8.3 14.255 20.764 18.903 CREDI,TORS . Affiounts falling due within one year 12 .(1.557) 11.5571 1523} NEf CURRENT SETs 11698 19.207 18.380 TOTAL ASSETS LESS CURRENT UA81UTIES 12.698. 82.464 95.162 98.882 NET ASSErs 12.698 82.464 95.162 98.882 F.UNDS Unreslricled funds Restricted funds 13 12,698 11.155 87.727 TOTAL FUNDS 95,162 98.882 Thè charitable Company i8 entilled to exempfj"( from alIt under Seclkm 477 of the Crxmpanies Act 2CQ6 for Ihe year ended 30 August 2023. The members have not requireo tre ¢ompanyto obtsin an alIt of rts finala1 statements for the year end8d . 30 August 2023 in acrdanCe with Seclion 476 of the Companies Act 2006. The Iruslee5 ackrK)wledge their responsibilitie5 for lal ensuring that the tharitabte cofflpany keeps accountmig rKords th* ry)mply Wiorts 386 and 387 of the Companies Act 2006 and Ibl preparing finanual slatements vthi¢h give a true and fair view of Ihe Stale of affairs of the charrtable company as at the end of each financial sear and ol its SLtrplus C dert for each financial year in aceordance Mth the requirement5 01 Seclions 394 and 395 and which olherwse Mpty with the fequiremenls of the Companies Act 26 rdaling to finawl sfalements. so far as applicate to the charitsble company. The notes fwn part of these finanoal slatements Page 5 ' continued...
PADBURY PRE4CHOOL BALANCE SHEET . continued 30 AUGUST 2023 These fin8nci81 statements have been prepared in ac£ordan"With Ihe pro¥is¥)ns applKable to char41able Companies subject lo the small ct)mpani¢s regime. The fancial slatements were approved ty the Board of Trustees and aUthSed for issue on 15 May" 2024 and were signed on its behalf b C A Mclwiry. Tntstee The notes form part of Ihese financk41 statements Page 6
PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FIIIANCIAL STATEMENTS The financial statements of the ¢hanfable o)mpany, which Is a wblic benefft enlity under FRS 102. have been prepared in af£ofOan wilh the charib.es SORP (FRS 1021 'Ac(x)untrThJ and Reportiry by Charities". Statement of Recommended Praclice applicable to charities preparing their accoun15 in accordance with the Financi Reporb"ng Standard applicatle in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191,, Financial Rew)r"n9 Slandard 102 The Financial Reporlbng Standard applicable in the UK and Republ of Ireland. and the Companies Act 2C)6. The finanual slatemenÈs have been prepared urKler the htstori¢21 cost convenfion. INCOME l intxme is recojnised in the Statemenl of Financial ilctsvities once the charity has entlement to Ihe funtjs. it is probable Ihal the income will be received and the amounl ¢3n be measured relrdbly. EXPENDITURE Liabilities are rec4>Jnised as expenditure as so)n a5 Ihere is a legal or oxjnstructi¥e oblKJation mmitting the charity io th81 experKliture. rt ts probable that a transfer of e(x)nOM benefits will be required in setuement and Ihe amount of the obligation can be measured reliably. Expendire is acwunted for on an accnJals basis and has teen dassTfied under headings that aggregale all cost related to the 12legory. Where costs cannol i th"rectly altributed lo.partlar headings they have been ' allocated to activities on a basis consislent the use of soUrces. TANGIBLE FIXED ASSETS 0epreciab.on is provid at the follovmg anThJal rates fft order to write off each asset 01 its estimated useful life. Freehold property Fixtures and rIng5 5% on reducing balance 15% on U¢l9 balance TAXATION The charity exempt from c[K)ratiOn tax on its charitae adimb'es. FLIND ACCOUNTING Unreslricled funds can be used n a¢¢(dan0 vAth Ihe thitsble ot¥"ve$ at the discretion of the trustees. Re51ricled funds can only be used for particular restricied puooses within the obj.ects of the charity. Restrictions arise en specffied by the dor or vthen furK1s are raised for parb¢ular restricted purF¢)ses. Further exan8tft of the nature and purr)se of each fund is irtluded in the notes to the financtal statements. PENSION COSTS AND OTHER POsT-IREMENT BENEFITS The charitae company operates a defined ¢onlribub"on kwsion scheme. COntribLOnS payable to th¢ charitable conjpanls pension scheme. are charged to the Slatement of Financial ACtive5 in the pefKJd to vknich Ihey relate. Page 7 continued...
PADBURY PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 AUGUST 2023 . DONATIONS AND LEGACIES Period 1t9121 to 3018122 Year Ended 3018123 Oonalions Other grants ' 9.801 9.933 9.801 10.321 CHARITABLE ACTivmES Perfod 11912t to 3018122 Year End¢d 3018123 Fundraising ev8nts Fee income 611 80.280 211 65,478 80.891 65,689 INVESTMENT INCOME Period 119121 to 3018122 Year Ended 3WW23 Other interest receivable 22 CTrIARrrABLE ACTIVITIES COSTS otrect pport Totsf6 Charitable expeThJitLwe 84,687 9,747 94.434 NET INCOMEI(EXPENDITURE) Nel incomel(expen¢Jiture} ts ststed after chargiryl(uediting): Period 119121 to 3018122 Year Ended 3018123 Depreciation- owned assets 4.547 4.883 Page 8 continued...
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 AUGUST 2023 TRUSTEES. REMUNERATION BENEFITS There We no trusiees. remureration or other trenefits for the year ende(130 August 2023 nor for the pertod ended 30 August 2022. TRUSTEES. EXPENSES There were no trustees. expenses paid fty the ended 30 AugLFSt 2023 nor for the perKxl ended 30 August 2022. STAFF COSTS Period f19121 0 30182 .Y&w Ended 3018123 Wag8s and salaries soal security eosls Other pension ¢xsts 65.951 1.326 7.010 60.899 1.163 1.669 74.287 63.731 . The average monthly number of employees durirwJ the year vras as folh)VS.' Pertod 119121 to Year Ended . 3018123 Employees No empl.oyees received emoluments excess of £W.000. COMPARATIVES FOR THE STATEME14T OF FINANCIAL ACTMTIES Total funds nd INCOME ANO ENDOWhlENTS FROM Donations and legaoes 4.876 5.445 10.321 Charitable actiwties Inveslmenl income 65.689 Total 70. 5.445 76,011 EXPENDITURE ON Charitablè activlties Chantsblè expendlture 8,081 85.481 NET INCOMEI(EXPENDITURE) (6.834) (2,6361 (9.470> RECONCILIATION OF FUNDS Totsl funds broUt forward 17.989 90.363 108,352 Page 9 continued.-
PADBURY PRESCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDEO 30 AUGUST 2023 COhlPARATIVES FOR TrFE STATEMENT OF FINANCIAL ACTNITIES- continued Totsl fvnds fund fijnd TOTAL FUNDS CARRIED FORWARD . 11,155 87,727 98.882 f,0. TANGIBLE FIXED ASSETS FrnelMld and Tot•Fs COST At 31 Augusl 2022 ar 30 August 2023 126.087 15.694 141.781 DEPRECIATION At 31 August 2022 Charge for year 50,803 3.764 10.476 783 61.279 4.547 At 30 August 2023 54.567 11,259 65.826 14Er BOOK VALUE At 30 August 2023 71.520 4.435 75,955 AI 30 August 2022 75.284 5.218 80.502 11. DE8TORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2023 2022 Other debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Sccial security and other laxe5 Other creditors ' ArualS and deferred income 574 233 750 244 279 1.557 523 Page 10 conlinued...
PADBURY PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 AUGUST 2023 13. .MOVEMENT IN FUNDS At 3118rdz funds 30Af23 Unrestricted funds Unrestricted lunds 11,155 1.543 12.698 Reslrlcted funds Restricted funds 87.727 (5.2631 82.464 TOTAL FUNDS (3,720> 95.162 Net movement in fvnds. 1ndLd in the ab(y4e are as folkxvs.. coming Resourte¥ MovpmeTrt infunds Unrestricted funds Unrestricle(J funds 88.153 {.610> 1,543 Re$tri¢t•d funds Restricted funds 17.824) (5.263) TOTAL FUNDS 90.714 {94.434) (3,7201 Comparatives for movement in funds inlund5 AI 30rn122 . Unrestricted funds Unrestricted funds 17.989 16.834) 11.155 Restricted funds Reslricte¢J funds 9).363 (2.636) 87.727 TOTAL FUNDS 108.352 (9.470) 98.882 Page 11 continued...
PADBURY.pREcmO0L NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENOED 30 AUGUST 2023 13. MOVEMENT IN FUNDS • continued comparat.ve nel movement in fvnds, ilu¢je in Ihe above are as fdlow>. infunds Unrestricted funds unrestn.cled fvnds (77.400} (6,8341 . Restricted fvnds Restricted fvnds 5.445 18.081) {2.636} TOTAL FUNDS 76.011 {85,481) {9,470} 14. RELATED PARTY DISCLOSURES e were no rdated party Ir8ns8cbons for ihe year 30 August 2023. Page 12
PADBURY.PRESCHOOL DETAILED STATEMENT OF FINANCIAL A¢VlEs FOR THE YEAR ENDED 30 AUGUST 2023 Period 2021 to 3018122 Year Ended 3018123 INCOklE ANO ENDOWMENTS Oanations and legacies Qonations Othei grants 9.801 9.933 388 9.801 10,321 Charltable actlvtt5es Fundraising evenls F* income 611 80,280 211 65.478 .891 65.689 Investment incorrie Other interest receivable Tolal Sncomlng resources ),714 76.011 EXPENDITURE Charitable activities Vvages Pension Consumables for chiklren Rates and water Computer and internet cost5 Light and heat Telephone Postage and slationery SeNce charge Sundries Depreciatton of langible fixed assels 65.951 1.326 7.010 1,308 450 2.159 993 150 600 193 4.547 60,899 1.163 1.669 931 1,718 640 762 450 2.934 4.883 84.687 76.833 Support costs Other Training Mernbetship fees Repairs and maintenance Insuran Bank tharges .2,192 550 4.255 1.112 275 2.273 150 4.267 1,055 2 8.035 This page does not fonn part of the statutory financial statements Page 13
PADBURY PRE-SCHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES" FOR THE YEAR ENDED 30 AUGUST %)23 Period 2021 Year Ended 3018123 3018122 Other Governan¢e ¢osts Share of go¥emance costs Accountancy and legal fees 13 1.350 13 600 1.363 613 Tolal r9sources expended .434 85,481 Net expenditu (3.7201 {9.470) This page does not fom part of the stalutory financial statements Page 14
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PADBURY PRE-SCHOOL Independent examinerfs report to the trustees of Padbury Pro-Sch¢)ol {'the Company'l I report to the charity Iruslees on my examinats.on of the account5 of the Company for the year ended 30 August 2023. Re$ponslbiliti8s and basis of report As the charity's Iruslees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparab'on of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act.). Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of yOLtr charity's accounts as carried out under Secth'on 145 of the Chanties Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examinels statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the actounts do not accord with those records," or the accounts do not comply with the accounting requirements of Section 396 of the 20C6 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 examinats"on-, or the accounts have not been prepared in accordan with the meth¢)ds and principles of the Statement of Recommended Pracb'¢e for accounting and reporting by charities lapplicable to charrf(ies preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland IFRS 102)). I have no ncernS and have come across no other mall•rs 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. Tom Foot FCA Ad Valorem Accountancy Setvices Limited Chartered Certlfied Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Buckinghamshire MK12 5NN 15 May 2024 Page 3