**REGISTERED CHARITY NUMBER: 1142961**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
for Severn Beach Preschool
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Severn Beach Preschool
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 10|
|Detailed Statement of Financial Activities|11 to 12|
Severn Beach Preschool
## Report of the Trustees
## for the Year Ended 31 August 2024
The trustees 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).
The committee changes regularly and those detrains are reported to Ofsted as legally required.
The committee work cohesively with the staff at the preschool to provide childcare for the children in Severn Beach and surrounding villages. In particular we provide free places for these children in receipt of the 15 hours Nursery Education Grant and, once again, this year have taken on many children eligible for the 2 year old funding. This year we accepted a greater number of children with 30 hours funding.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity provides preschool provision for funded and non-funded 2 - 5 year olds.
## **Significant activities**
Activities are broad and varied but in essence we follow the Early Years Foundation Stage 2021 as required by law and the children enjoy a whole host of opportunities and experiences to enable their learning and development.
This year we again enrolled, cared for and taught children with SEN and EAL and feel we enabled every child to make progress. We follow the SEN code of practice and again managed to secure funding to improve communication and language skills for children from disadvantaged backgrounds and from those with speech delay and English as an additional language.
We were inspected by Ofsted in March 2024 and we retained the grade of Outstanding. We also became a Portage approved setting "Follow the Early Years Foundation Stage 2024".
## **FINANCIAL REVIEW**
The preschool generated a surplus of £90,346 this year.
Income continued to increase, but costs have increased at a faster rate due to the current levels of inflation. The number of staff has been increased by two during the year to enable us to provide sufficient staffing to maintain a high standard of care and education.
We have spent £8,797 on extending the play area and renewing and updating resources inside allowing us to provide more focussed learning at times to ensure that all children continue to make progress.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a small village preschool managed by a volunteer committee made up of parents. We have adopted the Pre School Learning Alliance constitution and abide by the rules set out in these regulations.
Page 1
Severn Beach Preschool
## Report of the Trustees
for the Year Ended 31 August 2024
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1142961
**Principal address** Severn Beach CP School Ableton Lane Severn Beach S GLOS BS35 4PP
**Trustees** Mrs N Hills Mrs C M Crew J Hogan
**Independent Examiner** Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs N Hills - Trustee
Page 2
Independent Examiner's Report to the Trustees of Severn Beach Preschool
## **Independent examiner's report to the trustees of Severn Beach Preschool**
I report to the charity trustees on my examination of the accounts of Severn Beach Preschool (the Trust) for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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 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.
P S Helps
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Date: .............................................
Page 3
Severn Beach Preschool
|Statement of Financial Activities
for the Year Ended 31 August 2024
31.8.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
289,953
**EXPENDITURE ON**
Raising funds
2
195,830
Other
3,777
**Total**
199,607
**NET INCOME/(EXPENDITURE)**
90,346
**RECONCILIATION OF FUNDS**
Total funds brought forward
24,198
**TOTAL FUNDS CARRIED FORWARD**
114,544|31.8.23
Total
funds
£
133,386
161,716
3,313
165,029
(31,643)
55,841
24,198|
|---|---|
The notes form part of these financial statements
Page 4
Severn Beach Preschool
## Statement of Financial Position
## 31 August 2024
|31.8.24
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
115,197
**CREDITORS**
Amounts falling due within one year
6
(653)
**NET CURRENT ASSETS**
114,544
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
114,544
**NET ASSETS**
114,544
**FUNDS**
7
Unrestricted funds
114,544
**TOTAL FUNDS**
114,544|31.8.23
Total
funds
£
24,716
(518)
24,198
24,198
24,198
24,198
24,198|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Hogan - Trustee
The notes form part of these financial statements
Page 5
Severn Beach Preschool
Notes to the Financial Statements for the Year Ended 31 August 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
## **Taxation**
The charity is exempt from 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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Severn Beach Preschool
## Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|Support costs|31.8.24
£
181,816|31.8.23
£
150,623|
|---|---|---|
## **3. 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.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Teaching staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME/(EXPENDITURE)**|31.8.24
31.8.23
11
9
Unrestricted
fund
£
133,386
161,716
3,313
165,029
(31,643)|
|---|---|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 7
continued...
Severn Beach Preschool
|Notes to the Financial Statements-continued|Notes to the Financial Statements-continued||||
|---|---|---|---|---|
|for the Year Ended 31 August 2024|||||
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||||
|||||Unrestricted|
|||||fund|
|||||£|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||55,841|
||**TOTAL FUNDS CARRIED FORWARD**|||24,198|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.24|31.8.23|
||||£|£|
||Other creditors||653|518|
|**7.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.9.23|
in funds|31.8.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|24,198|90,346|114,544|
||**TOTAL FUNDS**|24,198|90,346|114,544|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|
Resources|Movement|
|||resources|
expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|289,953|(199,607)|90,346|
||**TOTAL FUNDS**|289,953|(199,607)|90,346|
Page 8
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.22|in funds|31.8.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,841|(31,643)|24,198|
|**TOTAL FUNDS**|55,841|(31,643)|24,198|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|133,386|(165,029)|(31,643)|
|**TOTAL FUNDS**|133,386|(165,029)|(31,643)|
|A current year 12 months and prior year 12 months combined position is as||follows:||
|||Net||
|||movement|At|
||At 1.9.22|in funds|31.8.24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,841|58,703|114,544|
|**TOTAL FUNDS**|55,841|58,703|114,544|
Page 9
continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
423,339
423,339|Resources
Movement
expended
in funds
£
£
(364,636)
58,703
(364,636)
58,703|
|---|---|---|
## **8. RELATED PARTY DISCLOSURES**
Mrs C M Crew received a salary and pension contribution as the manager of the pre-school. None of the salary was in respect of Trustees' duties.
Page 10
Severn Beach Preschool
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Education grants
Fees
Uniforms
Donated services and facilities
Dinner money
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Equipment and toys
Christmas/end of year party
School dinners
**Other**
Administration costs
Cleaning
Refreshments
Training
Uniforms
Subscriptions
**Support costs**
**Management**
Insurance
Telephone|31.8.24
£
245,230
37,926
583
1,500
4,714
289,953
289,953
8,797
115
5,102
14,014
590
122
956
108
593
1,408
3,777
867
1,259
2,126|31.8.23
£
105,181
24,468
220
189
3,328
133,386
133,386
6,535
103
4,455
11,093
877
145
133
235
729
1,194
3,313
827
794
1,621|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Severn Beach Preschool
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
**Management**
**Other**
Rent
**Governance costs**
Wages
Social security
Pensions
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|31.8.24
£
8,371
164,598
3,310
2,943
468
171,319
199,607
90,346|31.8.23
£
5,765
137,085
3,200
2,484
468
143,237
165,029
(31,643)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
**----- Start of picture text -----**
Opening Balance 24,716.10 34,814.06 24,744.55 46300.33 37,840.47 54,745.87 44,581.98 114,694.58 103,845.73 91,825.62 114,286.54 98,816.39
Expenditure Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 TOTAL
Salaries 11118.27 11630.79 11588.38 11125.25 11569.37 12448.54 10998.34 12178.79 12832.18 12581.05 12560.71 12951.18 143582.85
NEST - Pension Contributions 518.22 533.36 569.89 556.21 520.89 504.04 566.63 541.83 605.22 600.13 604.27 611.86 6732.55
Bennett Stock Ltd - Professional Fees 24.00 204.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 24.00 468.00
HMRC PAYE & NI 1623.82 2249.52 2367.20 0.00 4257.61 2762.51 0.00 3620.69 0.00 942.05 1260.32 1309.06 20392.78
Rent 0.00 0.00 0.00 961.40 2808.20 1062.50 0.00 0.00 0.00 0.00 3539.09 0.00 8371.19
External Invoices:
Learning Alliance Insurance 0.00 0.00 0.00 0.00 0.00 866.89 0.00 0.00 0.00 0.00 0.00 0.00 866.89
Linela - Uniforms 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 593.25 0.00 0.00 593.25
Caterlink - School Dinners 0.00 675.36 144.00 0.00 999.36 394.56 0.00 596.16 292.44 677.34 788.64 534.24 5102.1
Staff Expenses:
Staff Training 0.00 0.00 0.00 0.00 0.00 108.00 0.00 0.00 0.00 0.00 0.00 0.00 108.00
Refreshments 47.21 0.00 12.78 95.03 0.00 7.09 127.95 118.74 198.43 149.56 199.04 0.00 955.83
Cleaning 10.00 20.95 8.15 0.00 12.06 0.00 15.05 21.63 10.52 13.38 10.00 0.00 121.74
Telephone 0.00 107.88 153.55 53.94 107.88 156.91 53.94 53.94 283.35 0.00 116.42 171.14 1258.95
Administration 94.97 246.00 0.00 33.98 54.52 11.90 0.00 0.00 0.00 50.03 61.13 37.40 589.93
Equipment & Toys 395.32 558.33 527.13 316.67 529.38 616.41 1135.47 190.57 657.02 517.30 3320.65 32.62 8796.87
Nativity/Christmas/End of Year Party 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64.62 50.60 0.00 115.22
Repairs & Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.99 0.00 0.00 0.00 0.00 7.99
Subscriptions 94.80 94.80 169.68 94.80 94.80 94.80 94.80 178.95 170.80 94.80 129.80 94.80 1407.63
Staff Expenses Total 642.30 1027.96 871.29 594.42 798.64 995.11 1427.21 571.82 1320.12 889.69 3887.64 335.96 13362.16
Total Expenditure 13926.61 16320.99 15564.76 13261.28 20978.07 19058.15 13016.18 17533.29 15073.96 16307.51 22664.67 15766.30 199471.77
Income
Fees Paid In 3986.62 2211.33 4175.00 1436.60 3668.80 2883.25 5035.55 4170.75 2452.85 5425.25 2179.93 865.00 38490.93 *less £565.60 37925.33
Uniforms 130.75 58.00 27.00 6.75 76.00 50.25 0.00 19.00 41.00 17.75 156.20 0.00 582.70
Fees Paid In - South Glos. Education Grants 19760.95 2187.15 32649.54 2903.07 33784.67 5600.76 77700.23 2482.29 0.00 32918.53 4447.09 30795.55 245229.83
Fundraising Events/Donations 0.00 1500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1500.00
Cooked school dinner money 146.25 295.00 269.00 455.00 354.00 360.00 393.00 12.40 560.00 406.90 411.30 486.00 4148.85 *plus £565.60 4714.45
Total Income 24024.57 6251.48 37120.54 4801.42 37,883.47 8894.26 83128.78 6684.44 3053.85 38768.43 7194.52 32146.55 289952.31
Closing Balance 34,814.06 24,744.55 46,300.33 37,840.47 54,745.87 44,581.98 114,694.58 103,845.73 91,825.62 114,286.54 98,816.39 115196.64
Profit £90,480.54
*Dinner money paid in online with fees Term 5 £244.70, Term 6 £320.90
**----- End of picture text -----**
**REGISTERED CHARITY NUMBER: 1142961**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024
for Severn Beach Preschool
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Severn Beach Preschool
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 10|
|Detailed Statement of Financial Activities|11 to 12|
Severn Beach Preschool
## Report of the Trustees
## for the Year Ended 31 August 2024
The trustees 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).
The committee changes regularly and those detrains are reported to Ofsted as legally required.
The committee work cohesively with the staff at the preschool to provide childcare for the children in Severn Beach and surrounding villages. In particular we provide free places for these children in receipt of the 15 hours Nursery Education Grant and, once again, this year have taken on many children eligible for the 2 year old funding. This year we accepted a greater number of children with 30 hours funding.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity provides preschool provision for funded and non-funded 2 - 5 year olds.
## **Significant activities**
Activities are broad and varied but in essence we follow the Early Years Foundation Stage 2021 as required by law and the children enjoy a whole host of opportunities and experiences to enable their learning and development.
This year we again enrolled, cared for and taught children with SEN and EAL and feel we enabled every child to make progress. We follow the SEN code of practice and again managed to secure funding to improve communication and language skills for children from disadvantaged backgrounds and from those with speech delay and English as an additional language.
We were inspected by Ofsted in March 2024 and we retained the grade of Outstanding. We also became a Portage approved setting "Follow the Early Years Foundation Stage 2024".
## **FINANCIAL REVIEW**
The preschool generated a surplus of £90,346 this year.
Income continued to increase, but costs have increased at a faster rate due to the current levels of inflation. The number of staff has been increased by two during the year to enable us to provide sufficient staffing to maintain a high standard of care and education.
We have spent £8,797 on extending the play area and renewing and updating resources inside allowing us to provide more focussed learning at times to ensure that all children continue to make progress.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a small village preschool managed by a volunteer committee made up of parents. We have adopted the Pre School Learning Alliance constitution and abide by the rules set out in these regulations.
Page 1
Severn Beach Preschool
## Report of the Trustees
for the Year Ended 31 August 2024
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1142961
**Principal address** Severn Beach CP School Ableton Lane Severn Beach S GLOS BS35 4PP
**Trustees** Mrs N Hills Mrs C M Crew J Hogan
**Independent Examiner** Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mrs N Hills - Trustee
Page 2
Independent Examiner's Report to the Trustees of Severn Beach Preschool
## **Independent examiner's report to the trustees of Severn Beach Preschool**
I report to the charity trustees on my examination of the accounts of Severn Beach Preschool (the Trust) for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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 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.
P S Helps
Stanley Joseph Limited Chartered Accountants Suite 1 Liberty House South Liberty Lane Bristol BS3 2ST
Date: .............................................
Page 3
Severn Beach Preschool
|Statement of Financial Activities
for the Year Ended 31 August 2024
31.8.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
289,953
**EXPENDITURE ON**
Raising funds
2
195,830
Other
3,777
**Total**
199,607
**NET INCOME/(EXPENDITURE)**
90,346
**RECONCILIATION OF FUNDS**
Total funds brought forward
24,198
**TOTAL FUNDS CARRIED FORWARD**
114,544|31.8.23
Total
funds
£
133,386
161,716
3,313
165,029
(31,643)
55,841
24,198|
|---|---|
The notes form part of these financial statements
Page 4
Severn Beach Preschool
## Statement of Financial Position
## 31 August 2024
|31.8.24
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Cash at bank
115,197
**CREDITORS**
Amounts falling due within one year
6
(653)
**NET CURRENT ASSETS**
114,544
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
114,544
**NET ASSETS**
114,544
**FUNDS**
7
Unrestricted funds
114,544
**TOTAL FUNDS**
114,544|31.8.23
Total
funds
£
24,716
(518)
24,198
24,198
24,198
24,198
24,198|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Hogan - Trustee
The notes form part of these financial statements
Page 5
Severn Beach Preschool
Notes to the Financial Statements for the Year Ended 31 August 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
## **Taxation**
The charity is exempt from 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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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Severn Beach Preschool
## Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|Support costs|31.8.24
£
181,816|31.8.23
£
150,623|
|---|---|---|
## **3. 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.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Teaching staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME/(EXPENDITURE)**|31.8.24
31.8.23
11
9
Unrestricted
fund
£
133,386
161,716
3,313
165,029
(31,643)|
|---|---|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
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Severn Beach Preschool
|Notes to the Financial Statements-continued|Notes to the Financial Statements-continued||||
|---|---|---|---|---|
|for the Year Ended 31 August 2024|||||
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||||
|||||Unrestricted|
|||||fund|
|||||£|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||55,841|
||**TOTAL FUNDS CARRIED FORWARD**|||24,198|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.8.24|31.8.23|
||||£|£|
||Other creditors||653|518|
|**7.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.9.23|
in funds|31.8.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|24,198|90,346|114,544|
||**TOTAL FUNDS**|24,198|90,346|114,544|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|
Resources|Movement|
|||resources|
expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|289,953|(199,607)|90,346|
||**TOTAL FUNDS**|289,953|(199,607)|90,346|
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Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.22|in funds|31.8.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,841|(31,643)|24,198|
|**TOTAL FUNDS**|55,841|(31,643)|24,198|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|133,386|(165,029)|(31,643)|
|**TOTAL FUNDS**|133,386|(165,029)|(31,643)|
|A current year 12 months and prior year 12 months combined position is as||follows:||
|||Net||
|||movement|At|
||At 1.9.22|in funds|31.8.24|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,841|58,703|114,544|
|**TOTAL FUNDS**|55,841|58,703|114,544|
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continued...
Severn Beach Preschool
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
423,339
423,339|Resources
Movement
expended
in funds
£
£
(364,636)
58,703
(364,636)
58,703|
|---|---|---|
## **8. RELATED PARTY DISCLOSURES**
Mrs C M Crew received a salary and pension contribution as the manager of the pre-school. None of the salary was in respect of Trustees' duties.
Page 10
Severn Beach Preschool
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Education grants
Fees
Uniforms
Donated services and facilities
Dinner money
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Equipment and toys
Christmas/end of year party
School dinners
**Other**
Administration costs
Cleaning
Refreshments
Training
Uniforms
Subscriptions
**Support costs**
**Management**
Insurance
Telephone|31.8.24
£
245,230
37,926
583
1,500
4,714
289,953
289,953
8,797
115
5,102
14,014
590
122
956
108
593
1,408
3,777
867
1,259
2,126|31.8.23
£
105,181
24,468
220
189
3,328
133,386
133,386
6,535
103
4,455
11,093
877
145
133
235
729
1,194
3,313
827
794
1,621|
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
Severn Beach Preschool
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
**Management**
**Other**
Rent
**Governance costs**
Wages
Social security
Pensions
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|31.8.24
£
8,371
164,598
3,310
2,943
468
171,319
199,607
90,346|31.8.23
£
5,765
137,085
3,200
2,484
468
143,237
165,029
(31,643)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12