REGISTERED COMPANY NUMBER: 07900733 (England and Wales) REGISTERED CHARITY NUMBER: 1145918 Report of the Trustees and Unauditod Financial Statements for the Year Ended 31 July 2024 for Putnoe Wood8 Preschool Limiled George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedfordshire SG18 OLD
Putnoa Woods Preschool Llmited Contents ol the Flnancial Statements for the Year Ended 31 July 2024 Page Chairman's Statement Roport ol the Trustees Independont Examiner'g Report Ststement of Financial Activitles Balance Sheet 10 Cash Flow Statsrnent 11 Noles to the Cash Flow Ststement 12 Notgs to the Financlal Statements 13 to 20 Detailed Statement of Financial Activltles 21 to 22
Putnoe Woods Preschool Limited Chalrman'$ Ststomont for thg Yoar Ended 31 July 2024 We think Putnoe Woods Preschool overall is the best provider lor childcare in Bedford. Our vision and values ensure that childcare is affordable lor all, and that extra emphasis is on Special Educational needs children, as Pulnoe Woods Preschool is an inclusive environment that encourages diversity and inclusion. As a board ol Iruslees. we are pleased that the increased rating from OFSTED was definitely deserved as the previous clerical error was made by the Trustees. The staff and Managers have worked tirelessly to ensure that we gel the best possible rating for our Pweschool. Every penny matte¥s al Putnoe Woods Preschool, and funds are pul back into gètting equipmgnt and learning guides for the Children. All funds gains are spent WiS81y to ensure that the Preschool gets value for money. In conclusion, all ol the Trustees are very proud to be part ol the excellently run Preschool and we are all committed in the future success ol the Children, Staff and the learning environment. Page I
Putnoe Wood$ Preschool Limited Roport of the Trustees for tho Year Ended 31 July 2024 The trustees who ale also directors of the charity for the purposes ol the Compani8s Act 2006. present their report with the financial statements of the ¢harty for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims Our aim is to provide low-cost early years, care and education lor preschool children. The activities ol the directors are focused on achieving this aim and lor the publi¢ benefit. Our charity's purposes, as set out in the objects contained in the Memorandum of Association, are 'lo enhance the development and education ol children primarily under slatulory age by encouraging parents lo understand and provide the needs of their children through community groups and by ottering appropriate play, education and care facilities. family learning and extended hours groups ensuring all groups offer opportunity for all children whatever their race, culture, religion. means or ability- We incorporate the objects into our mission statement, which is the anchor that underpins all we do al the preschool.. 'At Putnoe Woods we Strive lo be a fun, affordable. inclusive pre-school where children are welcomed, valued and encouraged to reach their lull potential in a safe and nurturing environment. We strive to develop our parental partnerships as parents are their child's first educators. Our objectives for 2023124 were.. Remain financially stsble in a time of rapidly increasing costs in food, power, wages, maintenance and parts. Aim to at least break even or gain a small surplus. Continue with weekly managers meetings and the monthly dashboard to keep communication frequent and open. Continue our excellenl work with EYPP children, identifying needs and using resources to help achieve goals. Seek to use funds lor increasing physical acb'vity. Prepare for repeat Olsted Inspection following last year's disappointing result. Conduct lees review and seek lo increase these whilst keeping in line with our charitsble objectives and onsidering the increase in funded hourly rates and extension to 2-year-olds. Carry out a pay review. Launch a Go Fund Me fundraiser lo purchase a preschool wagon. Complete the pension reconfirmation process as stipulated by the Pension Regulator. Reward and recognise staff that go the extra mile with a termly competf(ion. Organise some people lo visit and talk lo children about their occupations. Encourage parents to apply lor the new funding Ihal has become available for working families lor childrers under three. Review savings accounts. Page 2
Putnoe Wood$ Pres¢hool Limited Report of the Trustoos lor the Year Endod 31 July 2024 OBJECTIVES AND ACTIVITIES How our activitles deliver public benefit We are situated in Putnoe ward in the Borough ot Bedford- children attend mainly from Putnoe and Goldington wards, but also Brickhill and from families who work locally. Putnog Woods Preschool provides early years care and Bducation for up lo 70 children at any one time. We accept preschool children aged from 6 months lo 5 years old. We are open weekdays, 47 weeks per year be88n 08.00 - 18.00. We currently have 120 children on our register and recenie enquiTes daily from potential new parents. Many of these come through word-of-mouth recommendation. We currently have a wailing list lor parents to join the baby room. The split between term lirne only children and all year chil(Jren is almost 50150. We are one ol few low-cost providers in the area to welcome children to start from 6 months of age. This, together w(th the extended hours and competitive hourly rate allows local lamilies who would not be able to afford prwale day care lo return to work or Iraining. Putnoe Woods Preschool works closely with the Looal Authority ILA) ensuring that children with additional needs access the funding and support available to them. The number ol children with EAL IEnglish as an additional language) has been low in the last year. Speech referrals for professional support can now be made directly from the parents wilhoul our support which has eased the pressure on us. Our lift off to language groups (early intervention lo support speech & language, social & emotional development) increased from four lo six. During this year we had hyo children that required one-lo-one care. Demand in the rooms continues to shift age groups term to term. We have seen more under two's booking longer days and attending for more than days a week. Putnoe ward regularly has a 90% update of the 2-year-old funding available lor families with additional needs, bul we have had only four this year. Numbers are low compared lo previous years which may be because of us being full well in advance of children being issued with 2-year-old funding codgs. We have seen numbers using extended funding 130 hours) remain slalic again this year WEth the number of children increasing each term as they turn 3 and become eligible. We started with 25 Chldren in the Autumn term and finished with up lo 38 children in the summer term. This represents 72% of our funded 3 and 4 year-olds. During the summer, funding for working families extended to Include 2-year-old8. 22 children were eligible lor this. Al the start of the year funded income was lower than non-funded, bul this flipped during the summer term lo funded Income being higher. We will continue lo see funded income increase with the introduction ol funding lor 9 to 23 month-olds from the Autumn term in 2024. We put effort Into making sure parents are aware ol the lunding available lo them. Regular reviews and communications are sent to parents to ensure they reconfirm their 30-hour funding information when required so they relain this entitlement. Termly revigws also lake place lo identify parents who may be eligible for 15 or 30 hours funding and encourage them 10 apply. Although we cannot apply on their behall, we can show them how lo go about it and explain the details they will need. We increased the cost of the pre-school lunch lo £1.50 per child per day in September 2023. This will be reviewed as we start gach new academic year. We now provide a pre-school lunch to most ol our children with an average 0145 lunches per day which yields £337 01 income per week and ensures a nutritious meal in the middle of the day. Any child that is with us al 4.30pm will also receive a cooked tea al no additional cost. Most ol our new children this year have come from a variety of areas in Bedford. Again, we have seen a greater diversity in ethnic backgrounds and a shifl towards younger attendees (babies Irom 6 months) with between 6 to 9 attending on most day5 01 the week. The pre-school has been at capacity for most of the year although gaps often exist in the first term of the academic year to allow for children to move up 1nto the preschool room as they turn 3. The 202312024 academic year was al capacty a year in advance, and we have limited availability before 2026 - particularly in the younger rooms. Page 3
Pulnoe Woods Preschool Limited Report of the Trustees for the Year Endod 31 July 2024 ACHIEVEMENT AND PERFORMANCE Fees increased in May 2024. This was a small increase in Ihe hourly rale and a slight shift in the ag8 brackets, so they are in line with lunding age brackets. We also removed the lull day rate. This had no negative impact on our bookings. Given the current economic climate, fees will now be reviewed twice per y8ar. A Parent survey compleled November 2023 with a 50% ietuin rate. Overall, w8 are delighted wrth the resuhs. We had so many lovely, positive comments on the survey which has made us all feel very proud. As a result of the suNey, we reviewed our menu and our parent consultation process. We will no longer have a sel parent consultation éay. We introduced a 'Good Egg. award with the aim of recognising and rewarding leam members that went above and beyond. Each term there was a cash prize that increased, and team members nominated who they felt should win. A pay review was carried out in April 2024, with all staff receiving a pay increase. This was larger than predicted due to the high increase in national living wage. Olsted conducted a full inspection on 17th August 2023. The pre-school was graded 'Good'. The feport reads very well with only two recommendations '. 1. Support children's communications skills further by ensuring slaff across all rooms consistently demonstrate a g¢)od understanding of the english language. 2. Enhance methods ol coaching and mentoring lo support slaff to identty areas to improve their practice and further raise the quality ol their leaching. EYPP support has continued each term with lunds used to allow children to reach their lull potential once their individual needs hav8 been identified. Some of this money has been spent on physical activity with an external provider coming each week to run a lun sports class. This has been very popular and enjoyed by all, so we have continued with it all year. Termly meetings take place with each member of staff to review their key children and the progress they are making. This allows any issues or concerns to be raised and addressed. First aid training carried OLrt with half the team in May 2024. Another half of the team are due to renew in September 2025 External visitors that came to talk to the children included a Doctor, a Police Officer, a Bee-keeper and an unplanned helicopter landing Communications with Iruslees have been kept up-to-dale using the dashboard and meetings carried out each term. All annual health & safety checks were completed. Following our annual Hgalih & Safety inspection by Cilation, we had three recommendations 1. Updated Health and Safety Statements to be displayed and sign8d. 2. Defibrillator checklist to be created. 3. Contractors lo be vetted. We continue lo use the Crtation Atlas platform to record and review risk assessments, COSHH and Health & Safety training. Citation Is also used lor distributing staff documents and policies. Successfully completed the pension re-confilmalion process. FINANCIAL REVIEW Principal fundlng sources Almost 49% 01 our funding comes from Central government in the form of nursery education for both 3 to 4 year-olds luniversall and 2-year-olds Imeans-tesled & working parents), the extended 30-hour funding and Sen funding. When required we receive some funding lo provide addrtional support to children. This year we secured £21,513 for SEN support. We receive paid lees from families who require additional hours or are not entitled to funding which account lor 51 % of our income. ABC photography and easy lundraising generated funds for us and we successfully raised funds through a Go lund Me campaign. We also generated income from milk claim refunds and preschool lunches. Page 4
Putnoe Woods Preschool Limited Report of th& Trustee8 tor the Year Ended 31 July 2024 FINANCIAL REVIEW Investment policy and objectlves The preschool holds interest savings accounts wilh the Metro Bank, Nationwide and Virgin bank primarily to sel aside monies for the "movelnew building. project. The rgmainder of this fund continues to be spent on expanding or replacing existing large equipment during the next year. Our Virgin bank branch closed, so we opened a Virgin 48-month Fixed Term Accourrt which will yield us a hearthy amount of interest. This matures in September 2025. We have a third savings bank account with Nationwide Building Society which will help spread the risk of the amount we can claim through the FCS Reserves policy The reserves policy is reviewed annually, and the amount set asid8 will increase in line with the increased size ol turnover. This reserve Is held in a separate account with Virgin Bank Ifixed term) and Nationwide Building Society145 days, notice). The current agreement is for 6 weeks operating costs to be held. During the year 2023124 one week's operating costs were £10.091, therefor8 6 weeks costs would be £60,546. FUTURE OBJECTIVES We want to continue to provide a happy. safe and educational environment for our children. Short term objectives= Seek to increase revenue through various means including lunches and fundraising. Enhan the curriculum to provide more challenge. Keep light control of monthly expenses. Carry out a pafer)t survey with our families. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The preschool is a charrtable company limited by guarantee, incorporated on 6th January 2012 and registered as a charity on 15th February 2012. The company was established under a Memorandum ol Association which established the objects and powers ol the charrtable company and is governed under its Articles of Association. In the event of the company being wound up members are required lo contribute an amount not exceeding £10. Page 5
Putnoe Woods Preschool Llmltsd Rèport of the Trustees foi the Year Ended 31 July 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Recrultment and appointment of new trustees The directors ol the company are also charity Iruslees lor the purposes of charity law. The directors are responsible for strategic guidance and overview to ensure the charty's activities achieve ils mission statement. The day-lo-day running ol the chaTity is delegated to the Pre-school Manager and Business & Finance Manager. The directors are all volunteers, giving their tim8 freely and re¢eive no personal benefits. They meet half termly to discuss and review the business plans and aclwities, they make planned visits to discuss and review specrfic activities. The position of Chair is a representative lor the board ol directors and chairs the meetings. The directors have been recruited both through personal invitation as representatives of interested parties, such as parents and local schools, and through adverh.sing at the local volunteers, cenlre. All offer additional skills and knowledge lo those ol the managers. Information and decisions can be made via èlectronic communication, as laid out in our Articles ol Association, to ensure timely and well-informed decisions can be made outside of the meeting schedule. Each trustee acts as a point ol contact lor communications and development ol their area, working with the business managers and the board to deliver changes and ensure compliance lo policy. Safeguarding - Milena Health & Safety - Cassie Finance - Lewis Communications & Staff wellare - Clare Olsted & Education Julia Business planning - Kieran REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07900733 (England and Wales) Registered Charlty number 1145918 Rogistsred office Wentrlorth Drive Bedford MK4180A Trusteos Mr D C W Elves Community (resigned 9.10.231 Ms C Purcell Community Mr K Dimelow Community Ichairfrom 01.09.24) Dr M Kostic Community Mr L Janes Community Mrs J Robinson Parent (Chair to 31.08.241 Mrs C Coleman Parent (appointed 22.11.231 Cornpany Secretsry Mrs L H Whitnèy Page 6
Putno8 Woods Preschool Llmlted Report ol the Trnstses lorthe Year Ended 31 July 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indgpendent Examiner Colin Airey FCCA George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedfordshire SG18 OLD FUNDS HELD AS CUSTODIAN FOR OTHERS Neither the charity nor the directors hold any funds as custodian trustee. DcoMly...7.R24 and signed on ils behalf by.. Approved by order ol the board ol Iruslees on Mr K Dimelow- Trustee Page 7
Independent Examinerfs Report to Ihe Trustees of Putnoo Woods Preschool Llmlted Independent examiner's report to the trustee8 ol Pulnoe Woods Pre8¢hool Limited I'the Company'} I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. Regponsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company law) you are responsible lor the preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination ol your charity's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act). In carrying out rny examination I have followed the Direcb'ons given by the Charity Commission under Section 145151 Ib) ol the 2011 Acl. Independent ?xaminer'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 l am qualified lo undertake the examination because l am a member of the Association ol Chartered Certilied Accountants, which is one of the listed bodies. I have completed my examination. I confirm Ihal no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Seclion 386 of the 2006 Acl-, or the accounts do not accord with those records. or the accounts do not comply with ihe 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 the accounts have not been prepared in accordance with the methods and principles ol the Statement ol Recommended Practice lor accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFFIS 1021). I have no concerns and have come across no other matters in conneelion with the examination to which attention should be drawn in this report in order lo enable a proper understanding ol the accounts to be reached. Colin Airey FCCA The Association ol Chartered Certrfied Accountants George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedlordshire SG18 OLD Date: .......l.i./.ii /. Zo2£t.......... Page 8
Putnoe Woods Preschool Llmlted Statement of Flnaneial Activities for the Year Endod 31 July 2024 31.7.24 Total funds 31.7.23 Total funds Unrestricted Reslricled fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 121 Charitable actlvltles Early Years Care & Educath'on 261,167 273,310 534,477 498,818 Other trading activities Investment income 2,026 5,551 2.026 5,551 2,839 3,120 Total 268 744 273,310 542.054 504,898 EXPENDITURE ON Charitable activlties Early Years Care & Education Support Costs 234.319 24,802 245,373 20,223 479,692 45,025 459,285 44,480 Totsl 259,121 265 596 524717 503,765 NEf INCOME 9,623 7,714 17,337 1.133 RECONCILIATION OF FUNDS Tolal funds brought forward 286,387 75.350 361,737 360.604 TOTAL FUNDS CARRIED FORWARD 296,010 83.064 379,074 361.737 The notes tomi part of these financial statements Page 9
Putnoe Woods Preschool Llmlted Balanco Shoot 31 July 2024 31.7.24 Tolal funds 31.7.23 Total funds unreStrted Restricted fund funds Notes FIXED ASSETS Tangible assets 12 24,822 24,822 30.311 CURRENT ASSETS Debtors Cash in hand 13 241 284,176 21.419 66,744 21,660 350,920 15,244 328.045 284.417 88,163 372,580 343,289 CREDITORS Amounts falling due within one year 14 (13,2291 (5,099) 118.3281 111,8631 NET CURRENT ASSErs 271,188 83,064 354,252 331,426 TOTAL ASSETS LESS CURRENT LIABILITIES 296.010 83.064 379,074 361,737 NET ASSErs 296010 379 074 361,737 FUNDS Unrestricted funds Restricted lunds 15 296,010 83,064 286,387 75,350 TOTAL FUNDS 379,074 361,737 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the company to obtain an audit ol its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charrtable company keeps accountrng records that comply with Sections 386 and 387 of the Companies Act 2006 and Ibl preparing financial slalements which give a true and fair view of the stale of affairs of the charitable company as at the end ol each financial year and of ils surplus or deficit for each financial year in accordan¢e with the requirement5 01 Sections 394 and 395 and which othetwise 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 regim8. The financial statements were approved by the Board of Trustees and authorised lor issue on and were signed on its behalf by.. Mr K Dimelow- Trustee The notes form part of these financial statements Page10
Putnoe Woods Preschool Limlted Cash Flow gAatement for the Year Ended 31 July 2024 31.7.24 31.7.23 Notes Cash flows from operating activitles Cash generated from operations 17,324 15,4111 Net cash provided byllused inl operating activities 17,324 15,4111 Cash flows from investlng artivities Purchase ol tsngible fixed assets Interest received 16,391) 3,120 5,551 Net cash provided byl(used inl investing activities 5.551 13.2711 Change In cash and cash equivalents in the reporting period Cash and cash equivalents atthe beginning ol the reporting period 22,875 18,6821 328,045 336 727 Cash and cash equivalents at the 8nd of the reporting period 350,920 328,045 The notes form part of these financial statements Page11
Putnoe Wood8 Preschool Llmrted Notes to the Cash Flow Statement for the Year Ended 31 July 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.7.24 31.7.23 Net income for Ihe reportlng poriod las per the Ststement of Financial Actlvltles) Adjustments foi: Depreciation Charges Interest received Increase in debtors Incieaselldecreasel in creditors 17,337 1,133 5,489 15,5511 16,4161 6,465 5,605 13,1201 17.0501 11.9791 Net cash provided byl(used In) operalions 17,324 15.411) ANALYSIS OF CHANGES IN NET FUNDS At 1.8.23 Cash flow At 31.7.24 Net cash Cash at bank and in hand 328,045 22,875 350,920 328,045 22,875 350,920 Total 328,045 22,875 350,920 The not8s form part of these financial slalements Page 12
Putnoo Woods Pregchool Limited Notes to the Financial Statements for the Year Ended 31 July 2024 ACCOUNTING POLICIES Ba$ls of preparing the flnanclal statements The financial statements of the charitable company. which is a public benefi'l entity und8r FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Fleporting 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 IFRS 1021 (effective 1 January 20191,, 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. In¢ome All income is recognised in the Statement ol Financial Activities once the charity has enlillement lo the funds, il is probable that the income will be received and the amount can be measured reliably. Funding and non funding income is received from Bedford Borough Council and parentslguardians respeclivety. The income is recognised in the peric for which the funding relates.These are included in the Slalement ol Financial Activities when.. he charity becomes entitled lo the resources 'il is more likely than not Ihal the trustees will receive the resources he monetary value can be measured wrth sufficient reliability. Non funding income is received from parentslguardians and is recognised in the period for which the funding relates Fundraising ar7d donations are re¢ognised on a receivabl8 basis where receipt is probable and the amount can be reliably measured. Capital Grants are Tecognised when there is enh'tlement and are no deferred over the life ol the asset on which they are expended. Unspent amounts of capital grant are rellecled in the balance in the reslricled fixed asset fund. Government grants are recognised at the fair value ol the asset received or receivable when therg IS reasonable assurance that the company will comply with conditions attaching lo them and the grants will be received using the accruals model. Expendllure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that a Iransler of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditurg is accounted lor 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. Allocation and apportionment of cosls The costs are apportioned between reslricled and non restricted funds based on the percentage ol income received as funding and non funding fees. Tangible fixed assets Tangible fixed assets are stated al cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes cosls directly attributable lo making the asset capable ol operating as intended. These are Capitalised if they can be used for more than one year. Depreciation is provided on all tangible fixed assets. at rates calculated to write off the cost, less ests"Tnated residual value, ol each asset on a syslemali¢ basis over its exp8eted useful life as follows Improvement to propety 10% on Cost Computer Equipment 33% reducing balance. Page 13 conlinued..
Putnoo Woods Preschool Limited Notes to the Financlal StatemeTrt8 - continued for the Year Ended 31 July 2024 ACCOUNTING POLICIES - ¢ontlnued Taxation The charity is exempt from corporation lax on its charitable activiti8s. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al th8 discretion of the Iruslees. Reslricled funds can only be used for particular restricted purposes wf(hin the objects ol the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation ol the nature and purpose of ea¢h fund is included in the notes to the financial statements. Pension costs and other post-relirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Statement of Financial Activities in th8 period to which they relate. Debtorslcredltorg receivablelpayable withln one year Debtors and Creditors with no slated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairmenl are recognised in the profil and loss accounts in other administration expenses. DONATIONS AND LEGACIES 31.7.24 31.7.23 Donations 121 OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Fundraising events 2,026 2.839 INVESTMENT INCOME 31.7.24 31.7.23 Deposit account interest 5.551 3.120 Page 14 continued...
Putnoe Woods Preschool Limited Notes to the Flnancial Statsments - continued forthe Year Ended 31 July 2024 INCOME FROM CHARITABLE ACTIVITIES 31.7.24 31.7.23 Activity Funding Early Years Care & Education 273,IxJ6 225,230 Non-Funded Fees Early Years Care & Education 261,167 273,364 Milk Refund Early Years Care & Educaknon 304 224 534.477 498.818 CHARITABLE ACTIVITIES COSTS Support Costs (see note 71 Direct Costs Totals Early Years Care & Education 479,692 479,692 Support Costs 11191 45,144 45,025 479,573 45,144 524.717 SUPPORT COSTS Governance costs Managemenl Finance Other Totals Support Costs 36.428 5,489 3,219 NET INCOMEIIEXPENDITURE) Net incomellexpendituiel is staled after charginollcrediting}'. 31.7.24 31.7.23 Independent Examiners Fee Depreciation - owned assets 3.219 5.489 3,163 5,605 Page 15 continued...
Putnoe Woods Pregchool Limited Notes lo the Flnanclal Statements - ¢ontinued for the Yoar Ended 31 July 2024 TRUSTEES, REMUNERATION AND BENEFITS There w8re no trustees, remuneralion or other bengfils for the year ended 31 July 2024 nor lor the year ended 31 July 2023. Trustees. expenges There were no trustees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. 10. STAFF COSTS 31.7.24 31.7.23 Wages and salaries Social security costs Other pension costs 399,844 20,255 9,500 388.982 18,292 9,094 429.599 416,368 The average monthly number ol employees during the year was as follows.. 31.7.24 24 31.7.23 26 Employees No employeès received emoluments in excess of £60,0(X). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 121 121 Charitable activltles Early Years Care & Education 273,588 225,230 498,818 Other trading activities Investment income 2,839 2,839 3,120 Total 279,668 225,230 504,898 EXPENDITURE ON Charitable actlvitie$ Early Years Care & Education Support Costs 256,712 27,375 202,573 17,105 459,285 44,480 Total 284,087 219,678 503,765 NET INCOMEIIEXPENDITUREI 14.4191 5,552 1.133 Page 16 continued..
Putno8 Woods Preschool Limited Noles to the Financial Statements - contlnued for the Year Ended 31 July 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUND8 Total funds brought forward 290,806 69,798 360,604 TOTAL FUNDS CARRIED FORWARD 286,387 75,350 361,737 12. TANGIBLE FIXED ASSETS Improvemenls to propetty Computer equipment Totals COST At 1 August 2023 and 31 July 2024 52,528 5.106 57,634 DEPRECIATION Al 1 August 2023 Charge for year 22,933 5,253 4.390 236 27,323 5,489 At31 July 2024 28,186 4.626 32,812 NET BOOK VALUE At31 July 2024 24,342 24,822 At31 July 2023 29,595 716 30,311 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Sundry Debtors & Prepayments 21,660 15,244 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Social security and other taxes Sundry Creditors & Ac¢rLJals 5,321 13,007 1.982 9.881 18,328 11,863 Page17 continued...
Putnoe Woods Preschool Limited Notes to the Flnanelal Statorngnts - continued for the Year Ended 31 July 2024 15. MOVEMENT IN FUNDS Net movement in funds Ai 31.7.24 At 1.8.23 Unrestricted lunds General fund 286,387 9,623 296,010 Restricted funds Childcare Provision 75,350 7,714 83.064 TOTAL FUNDS 361,737 17,337 379.074 Net movement in funds, included in the above are as follows.. Incoming resources Resourc8S expended Movement in funds Unre$trl¢ted funds General tund 268,744 1259.1211 9,623 Restricted funds Childcare Provision 273,310 1265.5961 7,714 TOTAL FUNDS 542,054 1524,7171 17.337 Comparatives for movement in funds Net movement in funds At 31.7.23 Al 1.8.22 Unr¢stri¢ted funds General fund 290,806 14.4191 286,387 Restricted funds Childcare Provision 69,798 5,552 75,350 TOTAL FUNDS 360,604 1,133 361,737 Page18 continued...
Putnoe Woodg Pres¢hool Limited Notes to the Financial Statements - contlnued for the Year Ended 31 July 2024 15. MOVEMENT IN FUNDS- conllnued ComparatlV8 net movement in funds, included in the above are as follows: Incoming resourGes Resources expended Movement in funds Unre$tri¢ted funds General fund 279,668 1284.0871 14,4191 Restricted funds Childcare Provision 225,230 1219,6781 5,552 TOTAL FUNDS 504,898 1503,7651 1,133 A current year 12 months and prior year 12 months combined position is as follows: Net movement in lund8 At 31.7.24 At 1.8.22 Unreslricted funds General fund 290,806 5,204 296.010 Restricted funds Childcare Provision 69,798 13,266 83,064 TOTAL FUNDS 360,604 18,470 379 074 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unre$tri¢ted funds General fund 548,412 1543,208) 5,204 Restrlcted lunds Childcare Provision 498,540 1485,2741 13,266 TOTAL FUNDS 1.046 952 (1,028,482) 18.470 Page19 continued...
Putnoe Woods Pres¢hool Limited Notes to the Financial Staiementg- contlnued forthe Year Endod 31 July 2024 16. OTHER FINANCIAL COMMThMENTS Financial ¢ommrtments at 31 July 2024 amounled lo £7.20012023 £8,400). 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 July 2024. Page 20
Putnoe Woods Preschool Limited Detalled Statement of Flnancial Activiti8s for the Year Ended 31 July 2024 31.7.24 31.7.23 INCOME AND ENDOWMENTS Donations and legacleg Donations 121 Other trading activitie8 Fundraising events 2,026 2,839 Investment Income Depostt account interest 5,551 3.120 Charitable activities Funding Non-Funded Fees Milk Refund 273,006 261,167 304 225,230 273,364 224 534,477 498,818 Total incoming regources 542,054 504,898 EXPENDITURE Charitable activities Wages Social security Pensions Staff costs and training Sundry Payments Food Supplies Washroom Consumables Maintenance Education Consumables Reprographic & Stationary Computers & Telephone Equipment 399,844 20,255 9,500 3,366 1,073 12,334 4,763 6,281 9,857 3,985 2,009 6,306 388,982 18,292 9,094 3,222 1,983 12,339 5,345 4,797 6,718 4,636 1,736 2,141 479,573 459,285 Support costs Management Rent Insurance Safety Check Hygiene Contracts Security & Fire Contracts 1,200 3.269 442 14,877 1,079 6,679 1,200 2,526 403 14,196 2,402 6,808 718 7,450 Olsledlcompanies House Professional Services 8,214 36.428 35,703 This page does not form part ol the statutory financial statements Page 21
Putnoe Woods Preschool Limited Dotsiled SLitement of Flnanclal Actlvltles for tho Year Endod 31 July 2024 31.7.24 31.7.23 Management Finance Bank charges Other Improvements to propety Computer equipment 5,253 236 5.253 352 5,489 5,605 Governance costs Independent Examiners Fee 3,219 3,163 Total resources expended 524,717 503,765 Net income 1,133 This page does not form part of the slalulory financial statements Page 22