Trustees, Annual Report For the period from 01/04/2023 to 31/03/2024 Woodcroft Pre-school & Wraparound Care Registered Charity number 1146967 35, Woodcroft Lane Waterlooville P08 9QD Trustees Ms Rachel Reid Ms laine Keens Structure overnance and mana ement The charity is governed by constitution. The trustees are elected at the Annual General Meeting. It is run under the Pre-school Learning Alliance guidelines and 15 Ofsted inspected. There is a child protectlon policy in place. Criminal Records Bureau checks are carried out prior to commencement of employment or trusteeship. All trustees give their time voluntarily and receive no rernuneration or benefits. Ob ectlves and actlvltles To enhance the development and education of children below statutory school age by encouraging parents to understand and provide for the need of their children through community groups and by:" al Offering appropriate play facilities and trainlng courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children, regardless of race, culture, reli8ion or means. bl Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local area. cl Instigating and adhering to and furthering the aim of the Preschool Learning Alliance. d) Offering holiday childcare provision for children up to the age of 12. The children are given the opportunity to partake in a varied range of activities. The sessions are structured to familiarise the children with school routines. They benefit from having safe, caring environment where they are able to learn and play safely. Achievements and erformance The preschool continues to be a popular choice for local parents. Our funds are mainly from Government funding and parents fees. Our main cost is staffing and we aim to keep a better than recommended staff to children ratio. Financial review The trustees recommend that the Preschool always has in the bank reserves to meet one term's expenditure. Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signed........ Elaine Keens rh .26 July 2024...................... Registered number 05756948 Woodcroft Pre-school and Wra around Care ort and Abrid ed Accounts for the ear ended 31 March 2024 (A company Ilmlted by guarantee and not havlng a share capltal) Woodcroft Pre-school and Wraparound Care Report and accounts Contents Pago Company information Directors, report Accountants, report Profit and loss account Balance sheet Statement of changes in equity Notes to the accounts 7-8 Reports which do not form part of the statutory accounts Summary profit and loss account Detailed profit and loss account Detailed balance sheet 10-11 12 Woodcroft Pre-school and Wraparound Care Company Information Directors Tracie Voysey Rachel Reid Elaine Keens Secretary Elaine Keens Accountants AA Accountancy Ltd 22, Meadow Drive Bembridge Isle of Wight Hampshire P035 5YA 8ankers Natwest Bank plc 93, London Road Walerlooville Hamsphire P07 7EG Registered office 35-37, Woodcroft Lane Lovedean Waterlooville Hampshire P08 9QD Registered number 05756948 General Company incorporated on 27th March 2006 Charity number 1146967 The company is exempted from the use of the word "Ltd in its name Woodcroft Pre-school and Wraparound Care Registered number: 05756948 Directors. Report The directors present their report and abridged accounts for the year ended 31 March 2024. Prlnclpal actlvlties The company's principal activity during the year continued to be the provision of pre-school and care services to infants. Dlrectors The following persons acted as directors I trustees during the year Tracie Voysey Rachel Reid Elaine Keens Small Company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 23 July 2024 and signed by its order. Elaine Keens Secretary Woodcroft Pre-school and Wraparound Care Accountants. Report Accountants. report to the directorJ of Woodcroft Pre-school and Wraparound Care You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordan￿ with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. cc Inc ated ractising Accountants 22, Meadow Drive Bembridge Isle of Wight Hampshire P035 5YA 23 July 2024 Woodcroft Pre-school and Wraparound Care Abridged Profit and Loss Account for the year ended 31 March 2024 2024 2023 Gross proflt 527,986 360,777 Administrative expenses {460,051) (353,327) Operatlng profit 67,935 7,450 Interest payable {211) Profit on ordinary actlvlties beforo taxation 67,935 7,239 Tax on profit on ordinary activities Proflt for the financial year Woodcroft Pre-school and Wraparound Care Registered number: 05756948 Abridged Balance Sheet as at 31 March 2024 Notss 2024 2023 Flxed assets Tangible assets 17,260 17,140 Current assets Debtors Cash at bank and in hand 9,170 166,465 175,635 12,180 93,794 105,974 Creditors: amounts falllng due within ono year (15,654) (13,808) Net curront assets 159,981 92,166 Net assets 177,241 109,306 Capltal and reserv68 Accumulated fund 177,241 109,306 Shareholders. fund8 177,241 109,306 The directors are satisfied that the company is entitled to exemption from the requirement to obtsin an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparalion of accounts. The accounts have been prepared and delivered in accordan￿ with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444{2A) of the Companies Act 2006. Tracie Voysey Director Approved by the board on 23 July 2024 Woodcroft Pre-school and Wraparound Care Statement of Changes in Equity for the year ended 31 March 2024 Share Share Re- Profit capital premium valuation and loss reserve account Total At 1 April 2022 102,067 102,067 Profit for the financial year 7,239 7,239 At 31 March 2023 109 306 109 306 At 1 April 2023 109,306 109,306 Profit for the financial year 67,935 67,935 At 31 March 2024 177 241 177241 Woodcroft Pre-school and Wraparound Care Notes to the Abridged Accounts for the year ended 31 March 2024 1 Accounting policies Basis of preparation The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) Tumovor Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Tanglble fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows.. Equipment 20 % reducing balance Stocks Stocks are measured 8t the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubfful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Credltors Short term c￿dItOrS are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Woodcroft Pre￿ChoOl and Wraparound Care Notes to the Abridged Accounts for the year ended 31 March 2024 Pmvisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. 2 Employees 2024 Number 2023 Number Average number of persons employed by the company 18 18 3 Tangible fixed assets Total Cost At 1 April 2023 Additions At 31 March 2024 35,380 4,473 39,853 Depreciatlon At 1 April 2023 Charge for the year At 31 March 2024 18,240 4,353 22,593 Net book value At 31 March 2024 At 31 March 2023 17,260 17,140 4 Guarantees made by the company on behalf of directors Maln temis Maxlmum Amount paid liability and Incurred Tracie Voysey Rachel Reid Elaine Keens 5 Other information Woodcroft Pre-school and Wraparound Care is a private company incorporated in England. Its registered office is '. 35-37, Woodcroft Lane Lovedean Waterlooville Hampshire P08 9QD Woodcroft Pre-school and Wraparound Care Detailed profit and loss account for the year ended 31 March 2024 This schedule does not form part of the statutory accounts 2024 2023 Sales 556,140 380,422 Cost of sales {28,154) (19,645) Gross proflt 527,986 360,777 Administrative expenses (460,051) (353,327) Operatlng proflt 67,935 7,450 Gain on revaluation of investments Interest payable (211) Profit before tax Woodcroft Pre-school and Wraparound Care Detailed profit and loss account for the year ended 31 March 2024 This schedule does not fom7 part of the statutory accounts 2024 2023 Income Fee income Opening balance Fee income due in 559,150 (12,180) 9,170 556,140 389,676 (21,434) 12,180 380,422 C08t of sales Childrens, fun days Craft materials Food and catering Food - contributions from parents Toys and equipment- consumable Childrens uniforms 2,670 10,489 14,492 (1,493) 1,246 750 28,154 1,854 6,940 11,337 (1,415} 336 593 19,645 Admlnlstratlve expenses Employee costs.. Staff wages SMP recovery Director's salary - T Voysey Workplace pension costs Employevs Nl oncosts Employer's Nl - recovery Staff incentives and bonuses CRB checks Apprenticeship scheme recovery Staff training and courses Staff uniforms Staff welfare Travelling expenses 322,607 {3,0691 33,847 7,070 27,984 (5,000) 3,087 339 238,885 {157) 29,019 5,197 21,489 (5,000) 396 (966) 1,965 2,809 842 70 294,549 2,454 1,419 926 284 391,948 Premises costs: Cleaning Property repairs Rent Rent storage facility Electricty, gas and water Waste collections 557 7,058 21,763 750 9,128 2,947 42,203 387 330 29,412 720 8,545 2,852 42,246 10 Woodcroft Pre￿ChoOl and Wraparound Care Detailed profit and loss account for the year ended 31 March 2024 This schedule does not fon77 part of the statutory accounts 2024 2023 General administrative expenses-. Hygiene products Internet expenses License and registration fees Postage and packaging expenses Public & employers liability insurance Sofvare expenses Stationery and ink cartridges Subscriptions Card payment terminal Cellphone Telephone Repairs and maintenance Depreciation Donations Sundry expenses 249 619 220 17 2,523 2,191 1,967 120 322 503 220 17 1,013 1,542 1,417 56 155 425 602 46 4,144 55 30 10,547 477 619 5,363 4,353 215 42 18,975 Other financial costs Bank charges Autopay charges 1,059 891 1,059 891 Legal and professional costs. Accountancy fees Book-keeping and payroll Sundry professional fees Advertising and promotions Debt collection costs 1,620 3,527 135 433 151 5,866 1,580 2,957 71 360 126 5,094 Total administrative expenses 460,051 353,327 Woodcroft Pre-school and Wraparound Care Detailed balance sheet as at 31 March 2024 This schedule does not fonn part of the statutory accounts Tangible fixed assets Extrd Sensory room Office equipment Equipment Total Cost At 1 April 2023 Additions At 31 March 2024 26,213 1,287 27,500 4,765 3,186 7,951 4,402 35,380 4,473 39,853 4,402 Depreciatlon At 1 April 2023 Charge for the year At 31 March 2024 12,213 3,087 15,300 3,065 976 4,041 2,962 290 3,252 18,240 4,353 22,593 Net book value At 31 March 2024 At 31 March 2023 12,200 14,000 3,910 1,700 1,150 1,440 17,260 17,140 Debtors 2024 2023 Trade debtors- fees due in 9,170 12,180 Creditors.. amounts falling due withln one year 2024 2023 Trade creditors Accrued expenses NEST liability account HMRC - paye and nic due Other payroll liabilities 5,792 1,620 899 7,343 7,097 1,580 259 4,798 74 13,808 15.654 Cash at bank and in hand 2024 2023 Natwest current account 5313 Natwest current account 1698 Cash in hand 165,763 652 50 90,234 3,510 50 166,465 93,794 12 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Woodcroft Pre-school and Wraparound Care On accounts for the year ended 31 March 2024 Charity no (if any) 1146967 Set out on pages 1to12 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3110312024 Responslbilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan￿ 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below "} in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a per understanding of the accounts to be reached. delete the words in the brackets if they do not 8ppIy. Signed: Date: th 24 July 2024 Name: Ala D Kidby Relevant professional qualification(s) or body (if any): Fell w of the Association of International Accountants Address: 22 Meadow Drive Bembridge Isle of Wight P035 5YA Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER October 2018 Give h.ere brief details of any items that the examiner wishes to disclose. IER October 2018