WILLAND PRE-SCHOOL AL TA EMENTS YEA EN D I NOVEMBER 20 Reference and adrninistration detsils 'rwstees rew)n Stst¢ment ol'trusiees responsibilities Indcpendent examiners lert Statement of tinancial activitieg Balance sheet Notes to the financial ststemenis Chwity number 1140942 Company number 06629805
qLLAND PRE-SCHOOL 18TLF% JAI. RF.P YF.AR F.NDLD I NOVLMBE.:R 2024 REFERENCE AND ADMINISTRATION DETAIts Ch*rity narn¢: Willand Pre-sehool Regtstered Charity Number: 1140942 Re%istered COffiP•Dy numl)er 06629805 PriN¢lpNI •ddress: School Drive (iables Road Willand Devon EX15 2QL Tru5te¢s.' David MaJmArd Yvonne ljaker Jodi¢ C4Jmpany secretary David Mayn¥rd IndependeDt examiner: Mrs M Hutchings Ap51ey5 LLP ChartLred Accounianl$ 21 Ilampton Street 'I'iYertoD Devon EX166AA Ilunk¢rs', HSBC plc 29 Trorc Streei Tiverton Devon r.X166NA
WILLAND PRE-gciiooL TR Js LES ANNUAL REPORT ARE OVE CONTIN ED The Trustees present their report and the fuJw]¢iai statements of the charity for the year ended l November 2024. The tTusiees have ihc provisions of the Stsi¢m¢ni of Re¥(Immended Practice {SORP)"Accountin8 and Reporting by Charities. IFRS 102) in prepaTing the anrtu repon and fintsncial st8ments of thc charity. OIUECTIVE.% AND ACI'IVITIW.- Summary of the obje¢is of the thrity 5¢t out In its Eovernlng documenl: The objects of th¢ Pre-school are ¢0 enhance ihe development and eduLation of ¢hiklren primarily under statUry schotsl age by ¢ncouragin8 parents io understand and provide for the needs of iheir Lhildren through romtnunity bJfoup5. Summary of the maln Aetlvlt5¢y In Tel•lion ¢0 ¢h¢ above obJeet5ves: The pr¢-school is responsibl¢ for providing prc-.%chool educaiion and services to children ¥g¢d between 2.$ years and 5 y¢4TS via sessional care during w¢¢kdays IoT.38 weeks of the year. In additi(In the s¢ttinu provid¢5 addiiional before school, after sch(K>l and schwl holiday services to pr¢-s¢h(M)l and prirn h0o1 Children. We seek to luifLI our objectives by.. ()ffering appropriate play. educdtion and car¢ faciliiies wid irainins ¢ourseK together with the right of parents to tak¢ r¢spun%ibilily ftsr and lii becorn¢ involvLxl in th¢ 8¢tivbties vl'suLh sroups. ensuring that such wups offer opportunities for all childreii whatever iheir raLe, culture. r¢libiion. Means or abiliiv- F.ncoiiraging the sludy of the need¥ of such children and their families #nd promoting public interest in and r¢0nItion of such needs: ln411gln and adhering to and fiirthering the aims and objects of the Pre-school i£arning Alliarice. ACHIEVEMENTS AND PERFORMANCE .Summ*ry of ihe 8thievem¢nls of the charity during the year Continuation of the tiTSt class provision of pr¢wsch¢)ol educational reqtsirements to the community. C'lose liaisi)n with tht local Primary School to ensure smL)oth transition of children from pre•school educAlion into Prim edLtc4lion. urther enhancement and development of the pre-scho(Fl environment and equipment. C.ont[nu provision of wider care arr#n¥cments includÉng breakfast club. after-SLhool club and holiday club.
WIIJAND PRE-SCIIOOL TRUSTEES ANNUAL REPORT ED I NOVEMBER 2024 CON'fiN ED FINANCIAL REVIEW Finn£x41 rfoaTe As at l November 2024 Will8nd Pre-school had a surplus of £31,724 (2023.. £130,213). Princi1 Df fund$ "I'hc priinary sourLe of funds ¢oJn¢s from th¢ 8ovemment fuThJinB of ptrs¢hool education. whiLh all parent5 are ¢ritiiled lo receive. Charil) $ poliey on reserves R¢5¢r¥eq are maintained SULh thai in ihe event of the pre•school ctasing io exist that adequate funds are av¥4il4bl¢ to maL"¢ any apptDpriA payments quired to staff. Further th fund5 ore #vailabk to address any uneXpted expetjditure whiLh may arise. STRUCTURE,COVERNANCE AND MANAGF.MENT Cjovernlng dotumtnt: Article% and MemoraThAum of Association Constltuilon: Chariiable company TryAttt seleellon methods: Appointed OTHER 'rh¢ trustees have had regard to th¢ Charity Cornmission 8uid8nce on public benefit and beli¢y¢ thi5 is hleYed via the ¢harity'$ objeeiives And xlivitiey.
WII,LAND PRE-SCHOOL STATEMENT OF TRUSTEF.S RF.SPONStBILITIES The tr5JSt¢es (who are also darectors of Willand Pre.School for the purposes of company lawl are responsible ffjr preparing the Trustees, Annual RetK)rt and the fitYanci81 ststements in a¢¢ordance with applicable law and United Kingdom Accountin¥ Standards (United Kingdom Genernlty Accepted AcWillng Praaice). Company law requir¢s the trusiees to prepare financial statements for each fjnancial year. whkch give a true and fRir view of the sthie of affair5 of the Lhariiable comparty 8nd of the tncvming resourLts and appliLalion of resource& including the inLome and ¢xpwTrditure. (Trf the charitable Lompany for the y¢ar. In preparin¥ these financial slalefflents. the trustL¢S afe required to: setrft Suitable accountiny polici¢s and then apply them consistently: obscfvL the mrfhods and prsnciplcs in the Charities SORP 2015 (bRS 102),. make jud8eTnen15 and ¢stiMe$ ihai are reasoftable and prudent: state whether oppliuble UK AL¢ounling Siandard5 havL been followed. subjecl to any material departuffs disclosed ond ¢xplained in the fJn41ncial statenients. prepare the finwicial $eme(S on lh¢ goiii¥ Loncern b&sis unless li is inappropriate lo presume that the harilable company will continu¢ in operation. I'he trustees are responsible for keeping prop¢r aOUntIng records thai disclose with Yrthsonable CuracY any time the rinunLi#I position of the chariiable company and cnable ihcm to cnsuTe that th¢ financial qiaiemcnts comply with the Companies ALI 20(16. They are also re%pon8ible for safe8uardin8 the ass¢ls of the lharitable Lomp#ny And hen¢¢ for taking rea50nabE¢ Steps for the prevention and d¢i¢¢tion of fraud und ()ther trregularities. This report has b¢¢n prepared lakbng adv14¢ of the small companies ¢x¢mption of Section 415A of the Companies Act 2(X)6. 1.his T¢port was #pprove41 by the t*)ard of directors and trusie¢s on ............... nd sied on its beh8lf b).. Signature.. Mr D8Vi ayn#rd- Trnsltt
INDEPFNDENT EXAMINER'S REPORT TO THF. TRUSTEF.S OF WILLAND PRE-SCH(K)L I report to the ch8rhty truste on my examination of the accounts of the company for the year ended l November 2024 which are set out on g¢S 6 to 12. Ruponsibllltles and bas1# of Teport A% Ilie Lharity trusle¢s of Ihv comyaDy (and als4) its dIrelr$ for the purposes of Lompany lihwl you are responsible for Ilie preparation of ihe aceou]lts ill aLcord&nce wtth the requirements of the Companies Aci 21M)6 {'the 2006 Acl'l. Ilaving 8atisfied mys¢lf that the accounts of the eomp¥ny are not requtred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rewrf in rp¢¢I of my examination of YOUT company's accoiints as earriLd out under seciion 14.$ of the Charitits ALI 2011 I'the 2011 Act'l. In corying out my ¢xamÉnatitsn I hrtve followed Ihe DireL'tEons gEv¢n by the Charity Commission und¢T s¢¢Yion 14515llb) of th¢ 2011 ACL Independent exminerfs st8lement Since the company's gro$ in¢ome exceeded £250.¢MI your ¢xomifter must b¢ 8 mber of a W list¥d in section 145 I'the 2011 Aci. I conflrm that l am qualilicd io undcrtakc the exyminatton be¢4use l am a member ol'l'he Insiitute ol. Chartered AcL4)untanls England and Walw whiLh is one of die listed bodi¢¥. I have complded my examin*ion. I confirni that no matters have come to my alleftiion in conDwtion with the examination ¥ivin8 me ¢aus¢ tt) believe lh in any Mer1&1 rtsW'. accountin# records were n(Trt k¢pt in respeci of the company &8 required by seL'tion 386 of ih¢ 2006 Acl; OT th¢ aLcounts do noi accord willi ih05e r¢d$., or the ac¥ounls do nol Ltsmply with ihe acLounling Tequiremenis of section 196 of the 2()6 Ad other than any rryuiTem¢nt ihat the accounts give a 'true #nd fair vi¢w' whi¢li 1$ r)ot a matter copsidered as part oran ex¥mination.' or thc accounts have not bLYn prcp4wcd in &crdanCe with the mcthods and prinLiplcs ol-thL Sraiement of Recommended Practice for accounltng and reix)rting by charitie5. applicable to charlties preparing their accounts in aLLiirdanLe wtth thi fiiiancial RLporting Sthndard upplyLable in thL UK And R¢publiL of IrL.18nd IFRS 1021. I havc no Concerns &nd have come acro4s Iio other mattcrs in connection with thc examination to which attention should be drdwn Lhi5 r¢porl in order to enable a proper understanding of thL' accouiits to rea¢hcd. U k¥ntL ? Mr5 M Hutthirtgj Ap8l¢v$ Ll,P Ch¥rtered AccoulltsRts Tlvertoii Devon EXIO 6AA E41
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WILLAND PRE-S HOOL STATEMENT OF FtNANCIAL AcfiviTIES ORPORATING INCOME AND EXPENDITI YF.AR ENDF. I NOVEMBER 2024 Unre8trided Total 'roial Income from Charitable actlVLties Grani income tk)naiiuns Investment ¥tivities Total ineome 527.799 527.799 49¥,041 31.200 5(Kl 6.467 534,766 500 6.467 534.706 5.33.247 Expendtiure C'haritable activiiies CJovernanLe Los15 495.651 495,651 7.391 503.042 396,-312 6,722 41).I,U34 I'otal expelldtture Nei incomc {exp¢nditt¢r¢l before tr8J)sfers Transfer beNeen funds Net rnoveinents in lunds T<)ial funds br04Jghi fvrwaTd Tovdl funds led rOn¥d -50.1.042 31.724 31.724 130,213 31.724 922,-1.37 954.061 31.724 922,-1.37 54,061 130.213 792,124
WILI.AND PRE-gCHOOL SATIN 2024 Fixed assets. Tangible fix assets Current &ssets Debtors Cd5h al bank and in hand 600,104 511.721 10 3.367 356.750 -360.117 416,500 Creditors.. amour*ts falling due within one year Net current lssets Total 8ssets1¢5s ¢iirTent liabilities 6.160 353.957 954.061 410,616 922.-337 &85Qts 954.061 922.137 Unre%tricted flknds RLsiriLled tiinds 954.061 922,337 954.(161 922.-lJ7 For the year ¢niled l November 2024 the company w45 entitled to exemplion fr()m audit under se¢tion 477 of the Companie5 Act 2LNJ6 relaiing to Sn11 companie$. DIr10T&. responsibilities.. The members have nol reqL¢ired the eompany to obtain an audit of its Ounts for th¢ y¢ar in que¥tion in cordanLe with 5eclEon 476: lThc dir¢doTS acknowledue their responbibiltttes for complying Wlth th¢ r¢quirements of the Act with reypeth to aLLOUlltrnu records and ihe PT¢paration tsf aLcounL8. These a¢¢ounts have been prepared in acc(Jrdance with the provision5 applicable ro companies $ubj¢ct lo the small companies. regimc. The finaRcial statement% were approved and 8uihoris¢d for issue by the b(wd of directors on . and %i¥ned on thetr by.. . Mr David Maynard- In]stee Company registrdtion number 06629805 The notes on pages 8 to 12 lorm p#rt of th¢se financial sthtanents.
WILLAND PRE-SCHOOL NOTES TO TTrIE fiNANLIAL STATEMENI'S YEAR ENDED I N 19) G¢n¢rnl informtlon and basis of pttprntlo Willand Pre-school a private company limited by guorantee and does not have a share capital. The Company is a regisi¢red charity IEJ Ln&iland within the Uniied Kin¥dom. Uie event ol'the Lharily bttn¥ up. the liability in respect of the #uarante¢ is Itmi¢¢d to £1 per member of The charity. Th¢ charity constitute5 a publiL benefit emity definL¥I by FRS 102. The financial 5t8ternents have been prepared in diLordancc willi Accounting ond R¢wrtin¥ by Chartiies.. Staiement ol. Relmmended PrdLliLe appliLable to Lhariii¢s preparin&J their a¢counts in accordance with the Financial Reporting Standard applic&bl¢ in ihL UK and Republi¢ ()f Irelw)d (FR$ 102) ysgued on 16 July 2014 {os uwlated through Ilpdutc Bullctin I published on 2 February 2016). the ChaTities A¢1 2011. the Companie8 Act 2() 8nd UK G£eIlY Accepted Accounting Pr#ctÈc¢. ie financial statements are pr¢poreJ on a going cortcern basis under ihe hisiorical cosi convention. modified to include certain iiems at fair valiJL. 'llke finan¢ial siDtements are presenred in SEerlin8 which is the fu11041 curTeftCy of ihL charity and rounded to ih¢ rt1 £. The significant accounting policies applied in the prepardiion of the financial statements are sel out below. These rK)li¢i¢s have been consislenily applied to all years presenteil unless otherwise stated. Ibl Fund5 UnrLs(riLied funds are available fi)r use at the di8cretion of the irusiees in fvrth¢Tonee of the g¢n¢rnl objectives ol'the ¢hariiv ntMI whrLh have noi b¥Yn de8i¥nated for other purwses. (¢1 Intomt reeoRnltlo All incoming resourees ar¢ included in the Statement of Financial Aciivities ISOFAI when the charity is legally entitled io the inc()inc aft¢Y uny perfornianie ¢ondi(ions have bvvn mel. the llmount be measured reliablj, and it IS Probable ihat the income will be ree¢ived. For doll8tions to be rccognised the charity will hgve been notified of the amounts and the settlement dhte in writing. Irther¢' are LY)llditions attached to the dgnation and thi8 rtquires a levcl ol'pertormuncc bcforc entitlement can be obtsincd then income is deterred until those tondilions &re fully mct or the fulljlment of those collditÈoris Is within the Control of the charity Aftd it is probabl¢ that they will be fulfilled. No arnount is included in the fingncial statements for volunteer time in line with the SORP IFRS 102). Income Irom government and other granis are recognised ai fair value when thL Lharity h&s entiilernenl after any perfomwiLe condition5 h8ve been meL it is probable thai thL' income will be received and the amount ¢an be nkasure(J reliabty. If entitlement is not met then these amounts are deferred. Investment income is earned Ihrou¥h holdin8 a55ets for investment purpo5¢5. It includes interest. Where it is not practicable to identify investment rnanagement ¢osts incurred within a s¢herne with reawnable accuracy the nvestment income i.s r¢ptsrt¢d nei of the$e Los1S. It is included when the #mot can be naSured reliabty. Intertst income is rccognis¢d using th¢ etT¢ciive iniwEst method.
AND PRF.-SCH NOTE.S TO'n4E FINANCIAL s rA.mENTs YEAR ENDED I NOVEMBER 2024 Id) F.IptndSturt reeognition All ¢xpenditure is tsUn(e for on an accnjals b&4is and h&4 been c1&85hfied under headsngs that aggregate all costs related io the Lxtegory. Exp¢nditure 15 r¢cognised where there is a legal or constTUCtive Obliglon ti) make payments io ihird parti it ts probable thot the settlemeni will b¢ requird and the allnI of the obligation can be measured reliably. It 15 Categorised und¢r the following headings.. Eypenditure on charithble tteiivities: Govemttnce cosls Irr0Verable VAT is chargd an expense against the aciivity for whiLh expendilur¢ arose. (h) T¥ngible fixe41 a$gets Tllngible tixed &$8ets are stated at cost (or detmed co$1> or valuation les5 accyrnulated depreciation and gcLumula¢ed irnpa1rnnf losses. C051 includ¢5 costs directly tribUble to making the asset capable or operdtinbl Illtended. DepTCC141tion is provided on all thngible fixd as8eL%. at rdt¢$ calculated to write off ihe C4)sL less estimated r¢sidual value, ot'each &*sel lin a ¥y51cmatiL basts ov¢r its expeited u%elul lifc &8 1()Ilvws.' Office equipment 25 /0 reduein8 balan¢e Furniture and equipmeni 250/0 reducing bulanco ComputeT8 -1 yeaT8 8ITaighi line No depreciation been provided on the new buildiii& play arei porch and qh¢d included whihin freehold prop¢rty. {k) Investmtnti cUent asset investtnenrs are short temi highly liquid investments fynd are held at fair value. These includ¢ c85h on deposit and cash quiv81ent5 with a mwlurity of less than one year. Im) Debtor5 creditors r¢ttlvAble I ble wllhln one year Debtors and crediior8 with no 5tthed Inte1 rnt¢ and rec¢ivabl¢ or payable wiihin one year are record¢4181 transaLlion price. Any lo55Qs arising from impalmnI are reLL)Wi5ed irt expenditure. {%) Cayh Cash and cash equivalents are basic fInrial assets and include cash in hand. dep)sits hcld ai call with banks, other short-iemi liquid investments with nriginal maturities of Ihfee month5 Trr le55. and bank overdrafts. (ul Ernploy¢¢ benefits Th¢ Lhc1rity opeTatL5 a defEn¢d ¢ontrtbution plan for the benefrt ol. its. employees. Contribulion5 are expensed &$ they become payabl¢. (v} Tai The Lharity is an exempi charity within the meanin¥ of Schedule 3 of tjie Charilies A¢t 2011 and is considered to pass the tests sei out in Paragraph I Schedul¢ 6 Finan¢¢ A¢1 2010 and iherefore i( meets the definition of a chariiable company for UK Lorpor8lion purposes.
10 WILLAND PRE-SCHOOL NOTf.s TO THF. FINANCIAL s'fA TEMENTS YEAR LND t) l NOVEMBER 2024 Charit#ble activities 2024 nres Pre Sch(x)I fees Nthrsery education wt 247.6.11 280.168 527.799 247.631 280,168 270.488 227,553 498,041 Gr&nt in¢or 2024 2023 Unresiricied Tot¥1 I'oral 31,200 Willand PC- %ection 106 Grant Donations Un stri Donations 500 500 Resour¢e$ expended 20 Ch#ritable Goveniance Total Toial Wages Troining costs Rent Water char8¢5 Light alld he4t Insurnnce Repairs und renewals Consumables equipment Clearting and hygiene E)¢prcciation T¢lephone Printin& postage and siationery Ac¢oJntancy Independent examinaiion fee PaJTtsII and bookkeepin Pft)fessional fees Advertising subscription Blink Charges Lhildren's refreshment S¥hool dinners Sundry expenses Outings s on disposal of fixed asset 356,462 046 l..fOO 3,675 6,747 1257 19.305 9,879 4,708 356.462 (A6 1.51)0 -3,673 6,747 1,257 19.-305 9.879 4,708 318,713 2,212 1.500 6,295 1.-156 21.504 14.679 2.128 4.204 843 1.177 1.314 708 1.708 1.177 629 1,248 672 1,821 1,991 1.803 887 623 7.181 9.600 1,275 218 1,314 708 1,708 1,210 908 376 544 522 7.102 -$44 522 7.102 13.000 1,929 1,929 461 58.8116 461 -f 8.886 495651 7..191 403 034
WILLAND PRE- NOTES TO THE FINANCIAL ST'ATEMEN YEA VEM 24 I rustees remuneration and rc*imbuTsed expenses 2024 202 Twsi¢es remwierntion Trustees expenses Wages salaries Wug¢$ salaries SoLiul wurity ¢05t P¢nsion 335.890 15.084 .102,099 11,624 4,990 -318 713 356.462 Av¢rnge numb¢r of employees 22 24 There are no emplo with emolumtnt5 above £60000 Fixed a8sets- gssets used by chariry Furniture and Fieehold PT Office 2024 At 2 November 2023 AddLYl SLrapped At l Nov¢mber 2024 499.798 1.36.0()8 58.886 160 41.057 18.368 6.336 778 547.-351 155.444 $8.¥86 177.010 160 59.625 7.114 64.3.909 At 2 N()vember 2023 Charge for the year At l November 2024 155 29.9()3 5,$72 7.18 156 37.3.39 At l November 2024 fj77010 804 At l November 2023 499 798 764 10. Debtors Othei d¢btors
12 WILLAND PRE-SCHOOL YEAR ENDED I NOVEMBER 2024 Creditors.. AmouTts falling due within year 024 2023 Trade creditors OiheT crediiors Accr1$ and deferred ineome 1.649 2.341 2.170 6.160 2.050 1,664 2.170 -5.884 12. Related Pany Transactions There were no related PATty tranwtiOn5 during the ye4r.