Charity number: 1139360 LirrLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 AUGUST 2024
LIThLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE CONTENTS Legal and Adrriiriistrdtive information Report of the Trustees Independent Examinerfs Report Statement of Financial Activities 8alance Sheet Notes to the Financial Statements 8-12
LILE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST2024 Trustees MrA Nailor Mrs A Gilbert Ichairl Mrs F Harvey Mrs A Johnson Chariry registered number 1139360 Prinopal office The Camden Centre Unit 2 Market square Royal Victoria Place Tunbridge Wells TNI 2SW Independent examiner J Mathieson FCA Lindeyer Francis Ferguson Limited Chartered Accountants North House 198 High Street Tonbridge Kent TN9 IBE Page I
LILE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2024 The Tru5lees present their. a nnual report together with the financial statements of Little Pips Pre-school at The Camden Centre (the charity) forthe year ended 31 August 2024. The Trustees confirm that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provislons of "Accountlng and Reporting by Lhartties.. statement ot Recommended Practice applicable to charlties preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of I reland IFRS 102}" (effective l January 20191 ICharltie5 SORP {FRS 10211. The Legal and Administrative Information on page I forms part of this report. Structure• governance and managernent Constitution The BJrna-Bus Pre School originally operdted under the umbrella of the Chu rrh of Erwliind. Under d Lor)stitution adopted on 12 October 2010 and following its registration as a Charity on 19 December 2010, from l January 2011 the Pre School commenced as a separate entity with Free Early Education Entitlement funds and a donation from the Parish Church ofst Barnabas in Tunbridge Wells, Kent. An updated constitution was signed 30 September2019. The charity relocated in January 2020 and changed Its name to Llttle Pips Pre-school at The Camden Centre and the constitution was updated at th3t date. Method OA oppolntment or elertion of trustees The managernent of the charity is the responsibility of the Trustees who are elected and coPted under the terms of the Constitutlon. Objectives and activities Policie5 and ¢)bjectives In settlng objectives and pla nnlng for actlvltles. the Trustees have given due consideration to general guidance published by the charlty com misslon relatSng to public benefit. The aims of the pre-school as set out in the Constitution are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by. {al offerirE appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activltie5 of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability,. encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas; Iristigating and adhering to arJ.d !Llrthpring th.e ain).< and objects of tho r)rè-school LearD.!n8 A.l!laryce. Ibl {cl Artivitiesforochieving objerti¥es The Pre-school offers a learning environment which covers all areas of learning and development as set out in the Statutory Framework fDr the Early Years Foundation Stage IEYFSI which sets the standard for learning and development and care for children O to 5 years. We support the children and fa milies forthe transition to Reception Class and maintain close links with local primary schools. Page 2
LIThLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2024 Achievements and performance The uptake of pre-school places in term one was very good compared to previous years. After school club continued to be popular and we extended the maximum number of spaces per session to accommodate more children. Staff numbers were increased in order to manage the in¢reased number of children throughout the day and also those using the holiday club which was progressin8 well with lots of Interest from families. Our AGM took place In November. and we agreed changes to the use of the building, including moving the office to the basement to free up the Gallery fortwo year olds. dring t,,e il V*e eTI plarfed twc more r.eTbers Oi SLoff. and b¥ Decemberafter School club b,-s increused t- ali aver¢ige of 10 children each afternoon, with occupancy overall at 82%. Durlng the Spring the settlng wa5 vislted by rhe Improvement and Standards Adviser to create a development plan to support the setting to secure the OFSTED good grade. The Pre-school Committee also approved pay rises. both to accommodate the rise in the National Living Wage. bijt a150 consldering affordabillty, length of servi, qualifications, perfomiance. responsibility and skills. Since Easter, following the roll-out of funded childcare places for working parents of chlldren over two years of age, a waiting list was started to build spaces for September 2024. The academic year ended on a positive note with a Leavers ceremony in the main hall of the Camden centre, with many families attending to Say farewell to th_p 32 ¢hildrpD |paviD_g tn go to 5rPiooI ID SeptembAr. Looking ahead to next year, there is a heallhy uptake of places for the new term in September, and a settled stafl team. The iharity's finances are in a good position and the ptoieig to CL)niiert Ltttie PIPS rre->chooi to a Lharitabie I nci)Tporated Organisation ha5 begun. The new Constitution's paperwork has been drafted and we are moving forward with the process. Chlldren The 202312024 academic year started with 42 children on roll, 10 of which had taken up free education for two- vear olds and 26 children were in receipt of free entitlement for three- and four-year olds, these were very similar figures to the previous year. This year had a reasonable take LFP of chargeable sessions. 3Q hour5 Free Educutlon In total 16 children accessed the scheme dcross the year. Stoff All stsff returned In September 2023 and Little Plps employed two new staff members. Tronsltions 31 chlldren left us to start Reception cla55 in September 2024. The relevant paperwork and phone calls to support these transitions to local schools took place as usual. Financiol The beoip.ning of th• fi.n¥nrial ypar .105 prorryisl ng a4 tak.Kb-iJp rif spares was very good for the tirTri.• of ,iear, Page 3
LILE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 AU6UST2024 SEND fspecial Educrtion Needs ond Disability) Support and intervention have continued across the year for those children identified with additional needs. Financial review During the year under revlew the charity made a surplus of £4,513, compared with a surplus of £25,504 in the previoLtsfinancial period. Total income forthe yearwas £255,27212023.' £205,015) and included £802 {2023.' £1451 from donations and grants. Total expenditure vlas £250,759 {2023: £179,511). Income was higher than the comparative perlod because there was a large increase in funding through the year due to 3 sm3LI In.e35e in +b,• *4ree and fotjr s-tsr -. Id fundiryE rate, b,,t ', . th.e mort V43rt dJi e te a f1,37 -eT I,.cur ncrease in the two year old fundin8 rate. The introduclion uf Working Pafenl Funding in April 2024, also made more familles eligible for funded chlld¢are. There wa5 alsoan increase in our pre-school fees of £1 per hour and a £2 per session increase to After School Club rates. Our SENIF payments Ifor supporting children wlth addltional needs} was £11,129.85 this was higher than any prevlous year due to havlng more children needing support. The Government's roll-out of fundlng for working families for children from the a8e of 2 rneant increased demand for 2 year Dlds spaces, leading to the decislon to move the offlce down to the basement room in order to free up the Gallery room to run as a dedicated space solely for 2 year olds. fhis enabled us to have more children overall. This increased hire costs for the year and also resulted in additional redecoration costs which were invested in orderto bring both rooms up to a 8OCrt4 standard. Thls has led to an increase in expenditu in the year, however the income from the extra children has covered the costs. Resewes poliry The charity's unrestricted free reserves at 3 1 August 2024 were £55,80312023: £51,290). The trustees consider that the charity needs to hold sufficient reserves to meet its running costs for 3 months which is e5tirnated to be £60,000, This is due to increase In salaries and additional rental costs to include the basement room. A ftnancial plan was drawn up within the last financial year which included promoting the extended opening hours and wrap around care during holidays and after schc()I for children up tothe age of seven. The fees forall services have increased, along with funding rates. which will continue to generate additional income going forwards. Post year end the position has improved further as the number of children enrolled has continued to increase and there was a waiting list in place for September 2024. This has resulted in a more stable financial position and the charity continijes to build rpservps This repuTL was approved by Ihe Irustees on.. ... rid signed oli their behalf by: .A'Jcihnson Trustee Page 4
LIThLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTrE INDEPENDENT EXAMINER'S REPORT Independent examiner'5 report to the Trustees of Little Plps Pre-school at The Camden Centre I report to the trustees on my examination of the accounts of Little Pips Pre-school at The Camden Centre ('the Charity) for the year ended 31 August 2024. Responsibilities and basis ol teport As tlie Chaiily's trustees you are responsible fop the preparation of the account's in accordance with the requirements of the Charities Att 2011 ('the Act'l. I report in respect of my examination of the Charity's accounts carried out under sectiDn 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions gFven by the Charity Commission under settion 14515)Ibl of the Act. Independent examlnerfs statement I have completed my examination. I confirrn that no materia I matters have come to my attention in connection witb. the examin?.tion giving raLi¢e *0 believe that lry onv aterIal rpsnect. accounting records wei-e not kept in respect of the Ch¢ll'ity as required by section 130 of the Act; or. 2. the accounts do not accord wtth those records; or 3. the account5 do not. comply with the applicable requirements concernirva the form and content of accountsset out in the Charlties IAceounts and Reports) Regulations 2008 otherthan any requirement thatthe accounts give a'trueand fairf viewwhich is not a matterconsidered as partof an independent examination. I confirm that there are tio otller lil<ltler5 to which your attentlon should be drawn to enable a proper understanding of the accounts to be reached. James Mathleson FCA Lindeyer Francis Ferguson Llmited Chartered Accountan North House IQ8 kligh Street Tonbfidge Kent TN9 IBE Dated: Page 5
LITtLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrf¢ted funds 2024 Restritted funds 2024 Totol funds 2024 Totol funds 2023 Note Incomefrom: Donations and grant5 Charitable activities.. Fees. Local Authority funding and after- school clubs Other trading activities Investments Bank interest receivable 80 722 145 254.IK)7 254.007 203,899 124 463 463 254.550 722 255,272 205,015 Expenditure on: Charitable activitie5 250,037 722 250,759 179,511 Net Income and net movement in funds 4,513 4,513 25,504 Total i'urid> i)I'ought forward 51,290 51,290 2.5,78b Total funds carrled forward 55,803 55,803 51,290 Page 6
LITTLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Note Culrent. assets: Debtcr5 Cash at bank and in hand 2.406 56,260 3.355 51,203 58,666 54.558 Cledltors: amounts falling dup. within one year 12,8631 (3,268) Net Current assets 55,803 51,290 Total net assets 55.803 51,290 The funds of the charfty: Unrestrfcted funds 55.803 51,290 55,803 51.290 The financial statements were approved by the Board of Trustees on and signed their behalf by: 141031...1.5............. 2025 MrsAJo Trustee nson Page 7
LITtLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Acc(wnting policies 1.1 Basls of preparatlon The finaricial staleje,-:S lave beeri Piepaied knnder the IiiJtvitcal cost cor,k'ention and In dccordance with the Statement of ReL'vrriniended Practice.. Accounting and Reporting by Charities preparing thelr accounts in accordance with the Financia l Reporting Standard applica ble In the UK and Republic of Ireland IFRS 1021 (effective l January 20191 I'charities SORP FRS 102.), the Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102") and the Charities Act 2011. Tlie charity constitutes a public benefit entity as defined by FRS 102. The accounts are presented In pounds sterling and rounded to the nearest pound. Thpre are no matenal unrMrtaiD.ties ahout thp chdfjty'¢ ability tn contiTI.LlP and ¢n the goiryg concern basis uf accounting ha5 been adopted. There are no significant areas of judgement or estimation uncertainty. 1.2 Income iriLome Iii relation to fees an(1 local Authoiity funding is recognised in the period in whlch the places for which the fees are charged or the fund ing is received are attended by the children, Donatlons and grant5 are recognised when the cl)arity has entitlement to the f unds, the recelpt is probable and the amount can be reliably measured. For donations this is usually on receipt. For grants this is usually when a formal offer is rnade in writing, unless the grant contains terms and conditions which must be met before the charity is entitled to the funds. Income from unrform sales is recognised when tltle of the goods transfers to the purchaser. Income from f und raising events is recognised when the event takes place. 1.3 Expenditure Liabllitles are recognised as expenditure as soon as there is a legal or constructive obligatlon committing the charity to that expenditure. it is probable that settlement will be required and the amount required to settle the obligation can be measured reliably. All expendilure is accounted for on an dLcrua15 bdsis. I iiecoverable VAT Is included. Expenditure is classified under headings that aggregate all costs related to that category. Support and 8overnance costs have been allocated to the tharlty's one charitable activity. Page 8
LirrLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 A UGUST 2024 Accounting policies contlnued 1.4 Finanaal Instruments The il)arity only has fiiianciar IllStrun)eiits wliicli are iiasblfled a." basic fii)diicial instt'ui)treiitS. il)Oi't- term debtors and creditors are measured at the settlement value. Any1055es from impalrment are recognised in the Statement of Financial Activlties. 1.5 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the trustees In furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds can only be used for a specific purpose as specifled by the donor. 1.6 Status 'tle Pips Pre-SchoGI Bt Tke Cai i Ceitre la ari uni,-,corpcr8tets - .Sari:y re8.," ered wlth tle Cha,-lty Comrnissiun in England and Wales. lis registered addres5 is The Camden Centre, Unil 2, Market Square, Royal Victoria Place, Tunbridge We115 TNI 2SW. Expenditure on tharltable artivltles 7024 Activlty.- Pre-school education Staff costs (see note 3} Equipment and resources Redecoratlon and fixtures Hire of hall Ofsted registration Support costs.. Administration Telephone and computer costs Utilities Insurance Advertising Payroll services Governance." Independent examination 182,186 3,714 8,029 42,400 220 131,208 3,191 33.183 220 6,780 810 130 1,400 107 1,859 5,178 1.659 346 1,206 1,280 2,124 2,040 250,759 179,511 PaEe 9
LirrLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 A UGUST2024 Staff costs and remuneration of key management personnel 2024 Vages and salaf ies Agency staff costs Employe r's National Insura nce Employer's pension contributions 176,381 1,474 1,722 2,609 129.445 1,763 182,186 131,2Q8 The average number of employees on a headcount basls was 14 (2023: 121, No employee received employee benefits in excess of £60,QCQ12023: £Nil). The key management personnel are considered to be the trustees. During the year, riu trustees received any remuneration or benefits nor were reimbursed for any expenses in their capaclty as trustees {2023: £Nill. Mrs A Johnson and Mrs F Harvey, trustees, were remunerated for thelr roles as teachers in the pre-school. Their aggregate remuneration, including employer'5 Natlonal Insurance and employer's pension corytribu*ions, wa5 £49,10012023: £42,516). Debtors 2024 2023 Fees receivable Prepayments Taxation and soclal security 898 1,508 705 1,508 1,142 2,406 3.355 Credltors: amounts fallins due within one year 2024 2023 Accruals and deferred income Other creditors 2,360 503 2,861 407 2,863 3,268 Accruals and deferred income includes £Nil12023: £5971 in respect of deposits paid in advance by parents whu have reserved a place for their children. Page. 10
LirrLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 Movement in funds Current year Brought fvrniord Corried foi'vjard Incom.e Expenditure Unrestricted f unds Restricted fund5 51,290 254,550 722 (250,037) 1722) 55,803 51,290 255.272 1250,759) 55,803 Prioryeor Brought forword Carried forword Income Expenditure Unrestricted f und$ 25.786 205.015 (179,511} 51,290 25,786 205.015 1179,511) 51,290 Analysis of np.t assets between funds Lli?restricted fvnds 2024 Restricted funds 2024 Totol funds 2023 funds 2024 Current as>ets Creditors J8.6v6 (2,8631 (2.863) (3,2681 55,803 55,803 51,290 lil thr yi eoious rfetsr. t41 ere wei e i IO Inet assers i epTesentlng restrictEd funds. Page 11
LIThLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 Operating lease commitments At 31 August 2024 the charity was committed to making the following payments under non- Coiicellable operatlng leastss.. 2024 2023 Buildings: Payable not later than one year Payable later than Dne year but not later than fivp years 9,050 36.200 9.050 In December 2024, the charity entered into new lease agreements for annual rentals totalling £36,200 and expiring in December 2027. Relaletl pafty tfaiisactlons The wife of Mr A NailoT, trustee. is ernployed by the charity as Deputy Manager and re¢eived remuneration, including employer's National Insurance and employer's pension contribution5, of £17,960 during the year12023.' £15,157). There are no other related party transactions. 10 Post year end event5 Subsequent to the balance sheet date. the eh8ritV 15 in tne process of conversion to a Cliaritable Incorporated Organisation. Page 12
Charity number: 1139360
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
CONTENTS
| Legal and Administrative information | 1 |
|---|---|
| Report of the Trustees | 2 – 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 12 |
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024
| Trustees | Mr A Nailor |
|---|---|
| Mrs A Gilbert (Chair) | |
| Mrs F Harvey | |
| Mrs A Johnson | |
| Charity registered number | 1139360 |
| Principal office | The Camden Centre |
| Unit 2 | |
| Market Square | |
| Royal Victoria Place | |
| Tunbridge Wells | |
| TN1 2SW | |
| Independent examiner | J Mathieson FCA |
| Lindeyer Francis Ferguson Limited | |
| Chartered Accountants | |
| North House | |
| 198 High Street | |
| Tonbridge | |
| Kent | |
| TN9 1BE |
Page 1
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the financial statements of Little Pips Pre-School at The Camden Centre (the charity) for the year ended 31 August 2024. The Trustees confirm that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of “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)” (effective 1 January 2019) (Charities SORP (FRS 102)). The Legal and Administrative information on page 1 forms part of this report.
Structure, governance and management
Constitution
The Barna-Bus Pre School originally operated under the umbrella of the Church of England. Under a constitution adopted on 12 October 2010 and following its registration as a charity on 19 December 2010, from 1 January 2011 the Pre School commenced as a separate entity with Free Early Education Entitlement funds and a donation from the Parish Church of St Barnabas in Tunbridge Wells, Kent. An updated constitution was signed 30 September 2019. The charity relocated in January 2020 and changed its name to Little Pips Pre-School at The Camden Centre and the constitution was updated at that date.
Method of appointment or election of trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution.
Objectives and activities
Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
The aims of the pre-school as set out in the Constitution are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by:
-
(a) offering appropriate play, education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability;
-
(b) encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas;
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(c) instigating and adhering to and furthering the aims and objects of the Pre-school Learning Alliance.
Activities for achieving objectives
The Pre-School offers a learning environment which covers all areas of learning and development as set out in the Statutory Framework for the Early Years Foundation Stage (EYFS) which sets the standard for learning and development and care for children 0 to 5 years. We support the children and families for the transition to Reception Class and maintain close links with local primary schools.
Page 2
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and performance
The uptake of pre-school places in term one was very good compared to previous years. After school club continued to be popular and we extended the maximum number of spaces per session to accommodate more children. Staff numbers were increased in order to manage the increased number of children throughout the day and also those using the holiday club which was progressing well with lots of interest from families.
Our AGM took place in November, and we agreed changes to the use of the building, including moving the office to the basement to free up the Gallery for two year olds.
During the autumn we employed two more members of staff, and by December after School club has increased to an average of 10 children each afternoon, with occupancy overall at 82%.
During the Spring the setting was visited by the Improvement and Standards Adviser to create a development plan to support the setting to secure the OFSTED good grade. The Pre-School Committee also approved pay rises, both to accommodate the rise in the National Living Wage, but also considering affordability, length of service, qualifications, performance, responsibility and skills.
Since Easter, following the roll-out of funded childcare places for working parents of children over two years of age, a waiting list was started to build spaces for September 2024. The academic year ended on a positive note with a Leavers ceremony in the main hall of the Camden centre, with many families attending to say farewell to the 32 children leaving to go to school in September.
Looking ahead to next year, there is a healthy uptake of places for the new term in September, and a settled staff team. The charity’s finances are in a good position and the process to convert Little Pips Pre-school to a Charitable Incorporated Organisation has begun. The new Constitution’s paperwork has been drafted and we are moving forward with the process.
Children
The 2023/2024 academic year started with 42 children on roll, 10 of which had taken up free education for twoyear olds and 26 children were in receipt of free entitlement for three- and four-year olds, these were very similar figures to the previous year. This year had a reasonable take up of chargeable sessions.
30 hours Free Education
In total 16 children accessed the scheme across the year.
Staff
All staff returned in September 2023 and Little Pips employed two new staff members.
Transitions
31 children left us to start Reception class in September 2024. The relevant paperwork and phone calls to support these transitions to local schools took place as usual.
Financial
The beginning of the financial year was promising as take-up of spaces was very good for the time of year.
Page 3
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2024
SEND (Special Education Needs and Disability)
Support and intervention have continued across the year for those children identified with additional needs.
Financial review
During the year under review the charity made a surplus of £4,513, compared with a surplus of £25,504 in the previous financial period. Total income for the year was £255,272 (2023: £205,015) and included £802 (2023: £145) from donations and grants. Total expenditure was £250,759 (2023: £179,511).
Income was higher than the comparative period because there was a large increase in funding through the year due to a small increase in the three and four year old funding rate, but in the most part due to a £2.37 per hour increase in the two year old funding rate. The introduction of Working Parent Funding in April 2024, also made more families eligible for funded childcare.
There was also an increase in our pre-school fees of £1 per hour and a £2 per session increase to After School Club rates.
Our SENIF payments (for supporting children with additional needs) was £11,129.85 - this was higher than any previous year due to having more children needing support.
The Government's roll-out of funding for working families for children from the age of 2 meant increased demand for 2 year olds spaces, leading to the decision to move the office down to the basement room in order to free up the Gallery room to run as a dedicated space solely for 2 year olds. This enabled us to have more children overall. This increased hire costs for the year and also resulted in additional redecoration costs which were invested in order to bring both rooms up to a good standard. This has led to an increase in expenditure in the year, however the income from the extra children has covered the costs.
Reserves policy
The charity’s unrestricted free reserves at 31 August 2024 were £55,803 (2023: £51,290). The trustees consider that the charity needs to hold sufficient reserves to meet its running costs for 3 months which is estimated to be £60,000. This is due to increase in salaries and additional rental costs to include the basement room.
A financial plan was drawn up within the last financial year which included promoting the extended opening hours and wrap around care during holidays and after school for children up to the age of seven. The fees for all services have increased, along with funding rates, which will continue to generate additional income going forwards.
Post year end the position has improved further as the number of children enrolled has continued to increase and there was a waiting list in place for September 2024. This has resulted in a more stable financial position and the charity continues to build reserves.
This report was approved by the trustees on 24 March 2025. and signed on their behalf by:
Mrs A Johnson Trustee
Page 4
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
INDEPENDENT EXAMINER’S REPORT
Independent examiner's report to the Trustees of Little Pips Pre-School at The Camden Centre
I report to the trustees on my examination of the accounts of Little Pips Pre-School at The Camden Centre (‘the Charity’) for the year ended 31 August 2024.
Responsibilities and basis of report
As the Charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
James Mathieson FCA Lindeyer Francis Ferguson Limited Chartered Accountants North House 198 High Street Tonbridge Kent TN9 1BE
Dated: 27 March 2025
Page 5
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| 2024 Note £ Income from: Donations and grants 80 Charitable activities: Fees, Local Authority funding and after- school clubs 254,007 Other trading activities - Investments Bank interest receivable 463 254,550 Expenditure on: Charitable activities 2 250,037 Net income and net movement in funds 4,513 Total funds brought forward 51,290 Total funds carried forward 6 55,803 Unrestricted funds |
Restricted funds 2024 722 - - - 722 722 - - - |
Total funds 2024 £ 802 254,007 - 463 255,272 250,759 4,513 51,290 55,803 |
Total funds 2023 £ 145 203,899 124 - |
|---|---|---|---|
| 205,015 179,511 |
|||
| 25,504 25,786 |
|||
| 51,290 |
Page 6
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
BALANCE SHEET AS AT 31 AUGUST 2024
| Note Current assets: Debtors 4 Cash at bank and in hand Creditors:amounts falling due within one year 5 Net current assets Total net assets The funds of the charity: 6 Unrestricted funds |
£ 2,406 56,260 58,666 ( 2,863) |
2024 £ 55,803 55,803 55,803 55,803 |
£ 3,355 51,203 54,558 ( 3,268) |
2023 £ 51,290 |
|---|---|---|---|---|
| 51,290 | ||||
| 51,290 | ||||
| 51,290 |
The financial statements were approved by the Board of Trustees on 24 March 2025 and signed on their behalf by:
Mrs A Johnson Trustee
Page 7
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - ("Charities SORP FRS 102"), the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts are presented in pounds sterling and rounded to the nearest pound.
There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.
There are no significant areas of judgement or estimation uncertainty.
1.2 Income
Income in relation to fees and Local Authority funding is recognised in the period in which the places for which the fees are charged or the funding is received are attended by the children.
Donations and grants are recognised when the charity has entitlement to the funds, the receipt is probable and the amount can be reliably measured. For donations this is usually on receipt. For grants this is usually when a formal offer is made in writing, unless the grant contains terms and conditions which must be met before the charity is entitled to the funds. Income from uniform sales is recognised when title of the goods transfers to the purchaser. Income from fundraising events is recognised when the event takes place.
1.3 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount required to settle the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Irrecoverable VAT is included. Expenditure is classified under headings that aggregate all costs related to that category. Support and governance costs have been allocated to the charity's one charitable activity.
Page 8
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
1 Accounting policies continued
1.4 Financial instruments
The charity only has financial instruments which are classified as basic financial instruments. Shortterm debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in the Statement of Financial Activities.
1.5 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds can only be used for a specific purpose as specified by the donor.
1.6 Status
Little Pips Pre-School at The Camden Centre is an unincorporated charity registered with the Charity Commission in England and Wales. Its registered address is The Camden Centre, Unit 2, Market Square, Royal Victoria Place, Tunbridge Wells TN1 2SW.
2 Expenditure on charitable activities
| Activity: Pre-school education Staff costs (see note 3) Equipment and resources Redecoration and fixtures Hire of hall Ofsted registration Support costs: Administration Telephone and computer costs Utilities Insurance Advertising Payroll services Governance: Independent examination |
2024 £ 182,186 3,714 8,029 43,400 220 6,780 810 130 1,400 107 1,859 2,124 250,759 |
2023 £ 131,208 3,191 - 33,183 220 5,178 1,659 346 1,206 - 1,280 2,040 |
|---|---|---|
| 179,511 |
Page 9
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
3 Staff costs and remuneration of key management personnel
| Wages and salaries Agency staff costs Employer's National Insurance Employer's pension contributions |
2024 £ 176,381 1,474 1,722 2,609 182,186 |
2023 £ 129,445 - - 1,763 |
|---|---|---|
| 131,208 |
The average number of employees on a headcount basis was 14 (2023: 12). No employee received employee benefits in excess of £60,000 (2023: £Nil).
The key management personnel are considered to be the trustees. During the year, no trustees received any remuneration or benefits nor were reimbursed for any expenses in their capacity as trustees (2023: £Nil). Mrs A Johnson and Mrs F Harvey, trustees, were remunerated for their roles as teachers in the pre-school. Their aggregate remuneration, including employer's National Insurance and employer's pension contributions, was £49,100 (2023: £42,516).
4 Debtors
| Fees receivable Prepayments Taxation and social security 5 Creditors: amounts falling due within one year Accruals and deferred income Other creditors |
2024 £ 898 1,508 - 2,406 2024 £ 2,360 503 2,863 |
2023 £ 705 1,508 1,142 |
|---|---|---|
| 3,355 | ||
| 2023 £ 2,861 407 |
||
| 3,268 |
Accruals and deferred income includes £Nil (2023: £597) in respect of deposits paid in advance by parents who have reserved a place for their children.
Page 10
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
| 6 Movement in funds Current year Brought forward £ Unrestricted funds 51,290 Restricted funds - 51,290 Prior year Brought forward £ Unrestricted funds 25,786 25,786 7 Analysis of net assets between funds 2024 £ Current assets 58,666 Creditors ( 2,863) 55,803 Unrestricted funds |
Income £ £ 254,550 ( 250,037) 722 ( 722) 255,272 ( 250,759) Income £ £ 205,015 ( 179,511) 205,015 ( 179,511) Restricted funds Total funds 2024 2024 £ £ - 58,666 - ( 2,863) - 55,803 Expenditure Expenditure |
Carried forward £ 55,803 - |
|---|---|---|
| 55,803 | ||
| Carried forward £ 51,290 |
||
| 51,290 | ||
| Total funds 2023 £ 54,558 ( 3,268) |
||
| 51,290 |
In the previous year, there were no net assets representing restricted funds.
Page 11
LITTLE PIPS PRE-SCHOOL AT THE CAMDEN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
8 Operating lease commitments
At 31 August 2024 the charity was committed to making the following payments under noncancellable operating leases:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Buildings: | ||
| Payable not later than one year | 9,050 | 36,200 |
| Payable later than one year but not later than five years | - | 9,050 |
In December 2024, the charity entered into new lease agreements for annual rentals totalling £36,200 and expiring in December 2027.
9 Related party transactions
The wife of Mr A Nailor, trustee, is employed by the charity as Deputy Manager and received remuneration, including employer's National Insurance and employer's pension contributions, of £17,960 during the year (2023: £15,157). There are no other related party transactions.
10 Post year end events
Subsequent to the balance sheet date, the charity is in the process of conversion to a Charitable Incorporated Organisation.
Page 12
LIThLE PIPS PRE-SCHOOL ATTHE CAMDEN CENTRE INDEPENDENT EXAMINER'S REPORT Indeptndent examlnÈr's report to the Trustee¢ Llttle Plp.% Prtr5chool at The Camden Centre I report to the trustees on my examination of the accounts of Little Plps Pre-school at The Camden Centre I'the Charity) for the year ended 31 August 2024. Resportsibillties and basls of feport As tlie Charity's trustees you Jrè responslble for tlie preparation of the accounts in aLL'ordance wilh the requirements of the Charftle5 A¢t 2011 ('the Act'l. I report in respect of my examinatlon of the Charity's accounts carrled out under section 145 of the 2011 Att and In carrylng out my examlnatlon I have followed all the applicable Directions glven by the Charlty Q)mmlsslon under section 145{5llbl of the Act. Independent examiners statement I have completed my examination. I confirm that no m4terlal matters have come to my attention in Connectlon with the examln•tlon gliiln8 m• ftaLiqe tro beliei*e that in aDY Inaterlal re5pe.ct'. 8ccounl'in8 records wei'e nol kept in respect of tlie CIIMiliy as requlred by section 130 of the Act.. oi 2. the accounts do not accord wrth those rewrd5; or 3. the accounts do not comply wlth the applicable qlremenrS concerTrlng the form lind content of a¢countsset out In the Charities (Accounts and Reports) Re£ulations 2008 otherthan any requlrement that the accounts give a 'true and falr, view whlch 15 Tr)t a motter considered as part of an indèpendent ex9mlnatn. confirm that thp.re aye lio vLlivr illdtL¥15 to which your attentlon should be dr&wn to enable a proper Understandlng of tho accounts to bè rèached. James Mathleson FCA Llndeyer Francis Ferguson Limlted Cli&rLered AGcountant5 North House IQ8 Higli Street Tonbridge KentTN9 IBE Dated: Page 5