REGISTERED COMPANY NUMBER: 07407356 (England and Wales) REGISTERED CHARITY NUMBER: 1139758
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR PIRTON PRE-SCHOOL
PIRTON PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Page Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Statement of Financial Position 5 Notes to the Financial Statements 6 to 12
PIRTON PRE-SCHOOL (REGISTERED NUMBER: 07407356)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To enhance the development and education of children primarily under the statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.
Significant activities
Offering appropriate play, education and care facilities and training courses.
-
to take responsibilty for and to become involved in the of such children and their families and promoting public
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Charity Commission guidance on public benefit when
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year has been running Pirton Pre-school under a difficult
-
year of £7,058 (2023: deficit £9,941). This is in large part due challenging financial environment. The government continues The pre-school is becoming more reliant on government
Together with the right of parents to take responsibilty for and to become involved in the activities of such groups ensuring that such groups offer opportunities for all children whatever the 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.
Instigating and adhering to and furthering the aims and objectives of the Pre-school Learning Alliance.
Public benefit
The Trustees have considered the Charity Commission guidance on public benefit when planning the activities for the year.
ACHIEVEMENT AND PERFORMANCE Charitable activities
The principal activity during the year has been running Pirton Pre-school under a difficult economic environment and revamping the site which included landscaping and new play equipment.
FINANCIAL REVIEW
Financial position
The accounts show a deficit this year of £7,058 (2023: deficit £9,941). This is in large part due to the cost of the work done on the outside area (landscaping and new equipment) being written off over a 5 year period starting last year. The pre-school is operating in a challenging financial environment. The government continues to increase wages well ahead of the funding they provide. The pre-school is becoming more reliant on government funding and the pre-school is currently topping up funding gaps via donations and fund raising.
Reserves policy
The Trustees recognise that the services of the charity will be increasingly required in future years due to population growth and this will require development activities and further building work. In line with Pre-school Learning Alliance recommendations the aim is to hold 3-6 months of wages costs in reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07407356 (England and Wales)
Registered Charity number
1139758
Registered office
Page 1
PIRTON PRE-SCHOOL (REGISTERED NUMBER: 07407356)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Mrs S Beale (appointed 18.10.23) Mrs E Boothroyd (appointed 18.10.23) Mrs M Conquest Mrs M Davids Mrs S E S Dyer Mrs J Lyden (appointed 18.10.23) Mrs A Keshishian (resigned 18.10.23) Mrs C Morris (appointed 18.10.23) J Muldoon A Pritchard-Barrett (resigned 18.10.23) A E Prynn (resigned 18.10.23) Mrs H M Venables (resigned 18.10.23) Mrs F Cole (appointed 20.11.24) Mrs K M Fong (appointed 20.11.24) Mrs A Kerr (appointed 20.11.24) Mrs V J Pope (appointed 20.11.24) G D Powell (appointed 20.11.24)
Company Secretary Mrs S E S Dyer
Independent Examiner
N. C. Harding FCA Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ J Muldoon - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PIRTON PRE-SCHOOL
Independent examiner's report to the trustees of Pirton Pre-School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
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with the accounting requirements of Section 396 of the give a true and fair view which is not a matter considered prepared in accordance with the methods and principles
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for accounting and reporting by charities (applicable to charities across no other matters in connection with the examination
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 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 examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
N. C. Harding FCA The Institute of Chartered Accountants in England and Wales
Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
Date: .............................................
Page 3
PIRTON PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| DRAF Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 1,059 Other trading activities 4 57,064 Investment income 5 - Total 58,123 EXPENDITURE ON Charitable activities Running Pirton Pre-School 65,775 NET INCOME/(EXPENDITURE) (7,652) RECONCILIATION OF FUNDS Total funds brought forward 102,486 TOTAL FUNDS CARRIED FORWARD 94,834 |
T Restricted funds £ 132,451 - - 132,451 131,857 594 - 594 |
31.8.24 Total funds £ 133,510 57,064 - 190,574 197,632 (7,058) 102,486 95,428 |
31.8.23 Total funds £ 124,471 51,617 149 176,237 186,178 (9,941) 112,427 102,486 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
PIRTON PRE-SCHOOL (REGISTERED NUMBER: 07407356)
STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024
| 31.8.24 | 31.8.23 | |
|---|---|---|
| Unrestricted Restricted |
Total | Total |
| fund funds |
funds | funds |
| Notes £ £ |
£ | £ |
| FIXED ASSETS | ||
| Tangible assets 10 28,815 - |
28,815 | 38,425 |
| CURRENT ASSETS | ||
| Debtors 11 1,025 - |
1,025 | 918 |
| Cash at bank 67,387 594 |
67,981 | 67,389 |
| 68,412 594 |
69,006 | 68,307 |
| CREDITORS | ||
| DRAFT Amounts falling due within one year 12 (2,393) - (2,393) (4,246) NET CURRENT ASSETS 66,019 594 66,613 64,061 TOTAL ASSETS LESS CURRENT LIABILITIES 94,834 594 95,428 102,486 NET ASSETS 94,834 594 95,428 102,486 FUNDS 13 Unrestricted funds 94,834 102,486 Restricted funds 594 - TOTAL FUNDS 95,428 102,486 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ende 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of th |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
............................................. J Muldoon - Trustee
Page 5
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1. COMPANY INFORMATION
Pirton Pre-School is a private company limited by guarantee incorporated in England and Wales. The registered office is High Street, Pirton, Hitchin, Herts. SG5 3PS.
The company is also a registered charity. The charity registration number is 1139858.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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102 'The Financial Reporting Standard applicable in
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Act 2006. The financial statements have been prepared
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financial statements have been prepared in compliance with
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in the Statement of Financial Activities once the charity has as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for that aggregate all cost related to the category. Where they have been allocated to activities on a basis
The charitable company's financial statements have been prepared in compliance with Charities SORP (FRS 102) as it applies to the financial statements for the year ended 31 August 2024.
The financial statements are prepared in sterling.
Pirton Pre-School meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on a going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenses include VAT where applicable as the charity is not VAT registered.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost Plant and machinery - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
2. ACCOUNTING POLICIES - continued
Legal status of the charity
The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1 per member of the charity.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
| 3. | DRAFT Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past ev that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount a allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrume Basic financial instruments are initially recognised at transaction value and subsequently measured at t settlement value with the exception of bank loans which are subsequently measured at amortised cost using effective interest method. DONATIONS AND LEGACIES 31.8.24 31.8.23 £ £ Donations 909 1,935 Grants 132,601 122,536 133,510 124,471 Grants received, included in the above, are as follows: 31.8.24 31.8.23 £ £ Other grants 132,601 122,536 |
|---|---|
| 4. | OTHER TRADING ACTIVITIES |
| 31.8.24 31.8.23 |
|
| £ £ |
|
| Fundraising events 2,482 3,218 |
|
| Pupils fees 54,582 48,399 |
|
| 57,064 51,617 |
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
continued...
Page 7
PIRTON PRE-SCHOOL
| NOTES TO THE FINANCIAL STATEMENTS- continued | NOTES TO THE FINANCIAL STATEMENTS- continued | ||||
|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 AUGUST 2024 | |||||
| 5. | INVESTMENT INCOME | ||||
| 31.8.24 | 31.8.23 | ||||
| £ | £ | ||||
| Deposit account interest | - | 149 | |||
| 6. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 31.8.24 | 31.8.23 | ||||
| £ | £ | ||||
| Depreciation - owned assets | 11,222 | 10,980 | |||
| 7. 8. 9. |
DRAFT TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees' expenses There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 31.8.24 31.8.23 Pre-school workers 10 10 No employees received emoluments in excess of £60,000. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,934 122,537 124,471 |
||||
| Other trading activities | 51,617 | - | 51,617 | ||
| Investment income | 149 | - | 149 | ||
| Total | 53,700 | 122,537 | 176,237 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Running Pirton Pre-School | 61,905 | 124,273 | 186,178 | ||
| NET INCOME/(EXPENDITURE) | (8,205) | (1,736) | (9,941) | ||
| Transfers between funds | (486) | 486 | - | ||
| Net movement in funds | (8,691) | (1,250) | (9,941) |
continued...
Page 8
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
| 9. | 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 111,177 | 1,250 | 112,427 | |
| TOTAL FUNDS CARRIED FORWARD | 102,486 | - | 102,486 | |
| 10. | TANGIBLE FIXED ASSETS | |||
| Improvements | ||||
| 11. | DRAFT to Plant and property machinery £ £ COST At 1 September 2023 46,859 16,319 Additions - 1,612 At 31 August 2024 46,859 17,931 DEPRECIATION At 1 September 2023 9,372 15,381 Charge for year 9,372 1,850 At 31 August 2024 18,744 17,231 NET BOOK VALUE At 31 August 2024 28,115 700 At 31 August 2023 37,487 938 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 £ Other debtors 1,025 |
Totals £ 63,178 1,612 64,790 24,753 11,222 35,975 28,815 38,425 31.8.23 £ 918 |
continued...
Page 9
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
| DRAFT 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Accrued expenses 13. MOVEMENT IN FUNDS At 1.9.23 £ Unrestricted funds General fund 102,486 Restricted funds Early Years Pupil Premium (EYPP) - TOTAL FUNDS 102,486 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 58,123 Restricted funds Income Deprivation Affecting Children Index (IDACI) 854 Sppecial Educational Needs and Disabilities (SEND) 8,068 Rands Educational Foundation (RANDS) 1,250 Hertfordshire County Council (HCC) 120,185 Early Years Pupil Premium (EYPP) 2,094 132,451 TOTAL FUNDS 190,574 |
31.8.24 31.8.23 £ £ - 2,938 2,393 1,308 2,393 4,246 Net movement At in funds 31.8.24 £ £ (7,652) 94,834 594 594 (7,058) 95,428 Resources Movement expended in funds £ £ (65,775) (7,652) (854) - (8,068) - (1,250) - (120,185) - (1,500) 594 (131,857) 594 (197,632) (7,058) |
|---|---|
continued...
Page 10
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| DRAFT Net movement At 1.9.22 in funds £ £ Unrestricted funds General fund 111,177 (8,205) Restricted funds Income Deprivation Affecting Children Index (IDACI) - (427) Sppecial Educational Needs and Disabilities (SEND) - (56) Rands Educational Foundation (RANDS) 1,250 (1,253) 1,250 (1,736) TOTAL FUNDS 112,427 (9,941) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 53,700 Restricted funds Income Deprivation Affecting Children Index (IDACI) 749 Sppecial Educational Needs and Disabilities (SEND) 250 Rands Educational Foundation (RANDS) 1,250 Hertfordshire County Council (HCC) 118,356 Early Years Pupil Premium (EYPP) 1,932 122,537 TOTAL FUNDS 176,237 |
Transfers between At funds 31.8.23 £ £ (486) 102,486 427 - 56 - 3 - 486 - - 102,486 Resources Movement expended in funds £ £ (61,905) (8,205) (1,176) (427) (306) (56) (2,503) (1,253) (118,356) - (1,932) - (124,273) (1,736) (186,178) (9,941) |
|---|---|
Unrestricted funds
General - These are general funds held for the running of Pirton Pre-School.
Restricted funds
The five restricted funds account for money received re IDACI, SEND, RANDS, HCC and EYPP. All funds are utilised for the purposes stated.
The funds are:
IDACI - Income Deprivation Affecting Children Index
SEND - Special Educational Needs and Disabilities
continued...
Page 11
PIRTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
13. MOVEMENT IN FUNDS - continued
RANDS - Rand's Educational Foundation
HCC - Hertfordshire County Council
EYPP - Early Years Pupil Premium
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 12