REGISTERED COMPANY N[,1BER. 08144485 (England and Wales) REGISTERED CHARITY NUMBER: 1148781 SPRINGFIELDS PRE-SCHOOL LIMITED REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 31 MARCH 2024 Seago arAd Stopps Chartered Certified Accountants 61 Station Road Sudbury Suffolk COIO 2SP
SPRINGFIELDS PRE-SCHOOL LIMrrED CONfENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Py4ge Referellee and Adminlstrative Details Report of the Trn8tee3 2 to 3 Independent Examiner's Report 4 to 5 Statement of Finv4n¢ial Activities Balance Sheel 7 to 8 Notes to the FinaD¢ial Statements 9 to 15 Detailed Statement of Financial Activities 16
SPRINGFIEU)S PRE-SCHOOL LIMITED REFERENCE AND ADMINISTRATIVE DETAtLS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Mrs A Jacobs P Blissett (resigned 13.11.23) Mrs S Nunn Miss S Hanratty COMPANY SECRETARY Mrs A Jacobs REGISTERED OFFICE The Terrapinhut Tudor Road Sudbury Suffolk COIO INL REGISTERED COMPANY NUMBER 08144485 (England and Wales) REGISTERED CHARITY NUMBER 1148781 INDEPENDFNT EXAMINER Seago and Stopps Chartered Certified Accountants 61 Ststion Road Sudbury Suffolk C0102SP Page I
SPRINGFIELDS PRE-SCHOOL LIMITED {REGISTERED NUMBER: 08144485) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Thc trustees who ar¢ also directors of the Charity for the pury>oses of the Companies Act 2006, present their report with the financial statements of the charity for the year eThded 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to ¢hariti¢s preping their a¢counls in accordance with the Financial Rep)rting Standard applicable in the UK and Republi¢ of Treland (FRS 102) (effective l January 2019). OKIECTIVES AND ACTIVITIES Objectives and aims Th¢ aim of the charity is to advance the education of children below compulsory school age, by providing safe and satisfying group play. in which parents have the rfftght to take paffj encouraging other charitable activities through wh&ch parents may help the children and furthering the aims of the pre-school learning alllance. These aims and objectives are fanCed through local council grants, and fees received in respect of the group activities on ofter. Public benefit Th¢ tryste¢s confirni that they have referred to the guidance contain¢d in the Charity Commission's general guidan¢¢ on public benefit when reviewitLg the charity's aims and objectives and in planning its future a¢tiviti¢s. The charity carries out these objects through.. Its activities. pre-school age children are encouraged to development additional social skills and personal development. The parents of the ¢hildr¢n ar¢ able lo return to work if necessary? giving local businesses a local work force. ACHtEVEMENT AND PERFORMAIYC This year has b¢¢n a busy one with Ofsted inspections across all setting& which all achieved pusitive out¢om¢s. W¢ have also seen significant changes in statTing. Changes to early years funding and the ever increasing ris¢ in th¢ cost of living is proving ditficuli for ihe early years sector. This means as we move fonvard, we need to ¢onsid¢r the impact this is likely to have on us as an organisation. We therefore made the decision to move forward with plans for renovations across the sites, whilst we have ndS in place. FINANCIAL REVIEW During the year, the charity received income of £491.692 {2023 £511,821), comprising grants and fees re¢eiv¢d. Expenditure incurred amounted to £519,860 (2023 . £505.450) on an accruals basis. Resulting in a deficit for the year of £28,168 (2023 = £6,371 surplus). At the year end, the charity was in a stron8 financial position, with £198,519 (2023 £243.195) in the bank and £221,549 {2023 .. £249,717) total funds. all of whiLh were un-restricted. FUTURE PLANS Creating further forest nurseri¢s in ihe area for children from all backgrounds to 8¢¢ess is the futur¢ aim of Springfields. as at present they are less accessible to children from lower in¢om¢ families. Page 2
SPRINGFIELDS PRE-SCHOOL LIMITED (REGISTERED NUMBER: 08144485) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGETrIENT Governing document The charity is controlled by it5 governing do¢umenL its Memorandum and Articles of Association, and onstitutes a limited company. limitsd by guarantee, as defined by the Companies Act 2006. Recruitment appoilltment of llew tntstees All initial appointments of trustees were made from the trust¢es of the previou4 unincoryorated charily. Springfields Pre-school Limited operates a policy of trustee rotation. with compulsory breaks from being a trustee, as defined in its Memorandum and Articles of Association. Risk mAn*gemellt The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 20 Dec¢Mr 2024 and signed on its belialf by.. Mrs A Jacobs - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPRINGFIELDS PRE-SCHOOL LIMITED (REGISTERED NUMBER: 08144485) Independent examiner's report to the trustees ofspringfields Pre-school Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. R&spDnsibiiities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordanc¢ with the requirements of the Companies Act 2006 (Ihe 2006 Act,). Having satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I r¢port in respe¢l of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed tELe Directions given by the Charity Commission linder Section 145(5} (b} ofthe 2011 ALt. Page 4
INDEPEIWEEYf EXAMINER'S REPORT TO THE TRUSTEES OF SPRINGFIELDS PRSCHOOL LI[FrED (REGISTERED NUMBER: 08144485) IndependeDt examiner's stgtement Since your chariry's gross income ex¢e¢ded £250,000 your examiner musi be a niember of a listed body. I can confirni thai J am qualified to undertake the examination b¢¢aus¢ l atn a metnber of the Association of Chartered Certified A¢countants, which is one of the lisl¢d bodies. I have ¢ompl¢t¢d my examination. I confimi that no matters have come to my attention in connection with the examination giving me caus¢ to beli¢ve: accounting records were not k¢pl in respect of th¢ Company as required by SectiOD 386 of the 2006 Act; or the accounts do not accord with those records; or the accounts do not ¢omply with the ac¢ouniing 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 ¢xamination; or the a¢¢ounts have not been prepared in accordance with the methods and principles of th¢ Statement of Recommended Practice for accounting and reporting by charities {applicable to charilies preparing their a¢¢ounts in aordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in cottnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the aG¢ounts to be reached. Andy Stopps FCCA ATT Fellow m¢mber of The Association of Chartered Certified Accountants S¢ago and Stopps Chartered Certified AccountaDts 61 Staiion Road Sudbury Suffolk COIO 2SP 20 December 2024 Page 5
SPRINGFIELDS PRE-SCHOOL LIMtTED STATEMENf OF FINANCIAL ACTivrrtEs FOR THE ITAR ENDED 31 MARCH 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 486,692 506.821 Other trnding activities Total 491692 511821 EXPENDrfuRE ON Support costs 519860 505 450 NET INCOMEI(EXPEfiDlTURE) (28.168) 6,371 RECONCILIATION OF FUNDS Total funds brought forward 249,717 243.346 TOTAL FUNDS CARRIED FORWARD 221549 249 717 The notes fomi of these financial 5taiements Page 6
SPRINGFIELDS PRE-SCHOOL LIMrrED (REGISTERED NUMBER: 08144485) BALANCE SHEET 31 MARCH 2024 31.3.24 31.3.23 Total funds Unrestricted fund Notes FIXED ASSETS Tangible ass¢ts 35,387 27.275 CURRENT ASSETS Debtors Cash at bank and in hand 30,220 198.519 27,000 243 195 228,739 270.195 CREDrroRS Amounts falling due within one year 10 (11.702) (11.021) NET CURRENT ASSETS 217037 259 174 TOTAL ASSETS LESS CURRENT LIABILITIES 252,424 286.M9 CREDITORS Amounts fallfftng du¢ after mor¢ than one year (30.875) (36,732) NET ASSETS 221549 249.717 FUNDS Unrestricted funds 13 221,549 249 717 TOTAL FUNDS 221,549 249,717 Th¢ charitable company is entitled to exemption from audit under Seotion 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 accordaThce with Section 476 of the Companies Act 2006. The trustees acknowlcdge their responsibilities for (a) ensuring that the charitable company keeps accounting re¢ords that comply with Sections 386 and 387 of the Compantes Act 2006 and (b} preparittg [anla] ststem¢nts which give a true and fair view of the state of f¢ffairs of the charitable company as at the end of eaoh financial year and of its surplus or deficit for ¢a¢h financial y¢ar in accordaijce with the r¢quircments of Sections 394 and 395 and which otherwise Compty with th¢ requirements of til¢ Companies Act 2006 relating to financial statements, so far as applicable to the Charitable company. The notes forn] part of these fllwicial stetements Page 7 oniinued...
SPIUY4GFIELDS PRE-SCHOOL LIMtTED (REGISTERED NUMBER: 08144485) BALAIYCE SHEET- continued 31 MARCH 2024 These financial statements have beeD prepared in accordance with the provisions applicabl¢ to charffitabl¢ ¢ompanies subject to the small companies regtme. The fmancial statements were approved by the Board of Trustees and authoris¢d for issue on 20 December 2024 and were signed on its behalf by.. A Jacobs - Trustee Th¢ notes form part of these flnancial statements
SPRINGFIELDS PRE-SCHOOL LIMtTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements Th¢ financial statements of the charitable company. which is a publi¢ benefit entity ullder FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢abl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard appli¢able in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared undLr the historical cost convention. Ineome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund4 it is probable that th¢ incom¢ will be rec¢&v¢d and the amount can be measured reliably. Expenditure Liabilities are recognised as ¢xpenditur¢ as soon as there is a legal or constru¢tiv¢ obligation committing the charity to that expenditure, il is probabl¢ that a transfer of economic benefits will b¢ required in settlement and th¢ amount of the obligation can bc measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggr¢gate all ¢ost related to the category. Wher¢ costs eannot be directl). Attributed to particular headings they have been allocated to acltviti¢s on a basis consistent with the use of resource5. Tallgible fixed assets Depreciation is provided at th¢ following annual rates in order to write off asset over its estimated useful life. Propety improvements Office equipment Motor vehicles 20Yo on cost 200/0 on cost 250/0 on cost Fund Attoullting Unrestricted funds can be used in accordanc¢ with th¢ charitable objectives at the discrelAon of the trustees. Restricted funds can only b¢ used for particular restrieted purw)ses within the obj¢¢ts of the charity- Restrictions arise when specifIed by the donor or when llds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatements. Pellsion costs and other post-retirement beDefits The charitable company operates a defined contribution pension scheme. Contributions payable to the cFLaritable company's pension scheme are Charged to the Statement of Financial Activities in the p¢riod to which they relate. Page 9 Continu..
SPRINGFIELDS PRE-SCHOOL LIllqffED NOTES TO THE FINANCIAL STATEMENTS- ntinUed FOR THE YEAR EL¥DED 31 MARCH 2024 OTHER TRADtNG ACTIVITIES 31.3.24 31.3.23 Employment allowance 5.000 NET INCOME/(EXPENDITURE) Net incomel(expenditure) is ststed after ChargIn(crediting).' 31.3.24 31.3.23 Depreciation- owned assets TRUSTEES, REMUNERATION AND BENEFrrs 31.03.24 31.03.23 Wages and salaries Soci&l security costs Other p¢nsion costs 65,160 6.408 59,599 6,408 The Trustees remunernted aFK)ve were Amy Jacobs and Si¢phanie Hanrntty. Truytees, penses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wa8¢s and salaries Social se¢urity Costs Other pension Costs 391,736 13.226 386,411 13,806 410,520 405 737 The average monthly number of employees during the year was as follows.. 31.3.24 23 31.3.23 35 Paid employees No employees received emoluments in excess of £60.000. Page 10 ¢ontinued..
SPRINGFIELDS PRE-SCHOOL UMrrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 coTrtPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtvrrIES Unrestricted fund INCOME AND EIYDOWMENfs FROM Donations and legacies 506,821 Other trnding actlvities 5.000 Total 511.821 EXPEIYDITURE ON Supw)rt costs 505 450 IYET INCOME 6.371 RECONCILIATION OF FUNDS Total funds brought forward 243,346 TOTAL FUNDS CARRIED FORWARD 249,717 FEES FOR THE EXAMINA TION OF THE ACCOUNTS 31.03.24 31.03.23 Independent Examiners Fees 1.704 1,560 Page 11 continued..
SPRINGFIELDS PlscHOOL LIMtTED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Property Office improvcments equipment Motor vehicles Equipm¢nt Totals COST At l April 2023 Additions 50.342 7.244 1,567 16.350 2.472 744 76.408 22.899 At 31 March 2024 8.811 3,216 99.307 DEPR[cTIoN At l April 2023 Charge for year 27,677 13.083 4,149 16,350 957 565 49,133 At 31 March 2024 40.760 5,288 16,350 1.522 NF.T BOOK VALUE At 31 March 2024 At 31 March 2023 22.665 I,515 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trdde debtors 30.220 27,000 10. CREDITORS: AMOUNTS FALLtNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafts {s¢e note 12) Accrued expenses 5.956 5.956 11,702 Page l2 ¢ontinued...
SPRINGFIELDS PRE-SCHOOL LilrrED OTES TO THE FllYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IVIARCH 2024 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans (see note 12) 36.732 12. LOANS An anAlysis of the maturity of loans is given below: 31.3.24 31.3.23 Amounts falling due within on¢ year on demand.. Bank loans 5.956 Amounts falling due between two and five years: Bank loans 30,875 13. MOVEMENT IN FUNDS Net moTrement in funds At 31.3.24 At 1.4.23 Ullrestrieted funds General fund 249,717 (28.168) 221.549 TOTAL FUNDS 249.717 28 168) 221549 Net movement in funds. included in th¢ above are as follows.. Incoming resources Resources expended Movement in funds Unres¢ri¢¢ed funds General fund 491,692 {519.860) (28,168) TOTAL FUNDS 491692 Page 13 continued...
SPRINGFIELDS PRE-SCHOOL LIMtTED NOTES TO THE FINANCIAL STATEMENTS - colltillued FOR THE YEAR EIYDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - eontinued Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestri¢¢ed funds General fund 243,346 6,371 249,717 TOTAL FUNDS 243 346 6.371 249717 Comparativ¢ net mov¢m¢nt in fund% included in th¢ above as follows.. Incoming resources R¢sources expended Movement in funds Unrestricted funds General fund 5ll.821 (505,450) 6,371 TOTAL FUNDS 511821 505 450) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestri¢ted funds General fvnd 243,346 (21,797) 221,549 TOTAL FufADS 243 346 21797) 221,549 A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resourc¢s Resources expended Mov¢m¢nt in funds Unrestricted funds General fund .003,513 (1,025,310) (21.797) TOTAL FUNDS 1003 513 Page 14 ontinued...
SPRINGFIELDS PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EI¥DED 31 MARCH 2024 14. RELATED PARTY DISCLOSURES There were no relat¢d party trdnsactions for the year ended 31 March 2024. Page 15
SPRINGFIELDS PRE-SCHOOL LIMftED DETAtLED STATEMENT OF FINAL¥4CIAL AcrivtTIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMEWTS Donations alld legaeies Fees Grants r¢¢¢ived 213,383 273,309 201,344 305,477 486,692 506,821 Other Irading gctivities Employment allowance Total ineomillg resources 491,692 511,821 EXPENDITURE Support costs Managemeot Trustees, salaries Wages Social s¢¢urity Employer pension contribution Rates, water rates, trade waste and utilities Light and heal Rent Telephone Postage and stationery Advertising Sundries Repairs and renewals Legal and professional fe¢s School equipment A¢¢ountancy Training Staff unifom Insurance Motor expens¢s Vehicle lease Software and subscriptions Bank loan interest DepreciatiorL of tangible assets 71,640 320,096 13,226 5.558 5,522 4,614 10,002 2,746 3,596 1,608 8,577 11,168 2,555 20,970 1,782 713 1.860 1.969 5.321 5.693 4,884 973 68,000 318,411 13,806 5,520 4,240 3,123 7,732 2,359 3.293 723 8.496 12.l16 2,710 20.580 1,590 2,762 618 1,874 3,448 5,690 3,553 1,149 519860 505 450 Total resources ¢xp¢nd¢d 519860 505 450 Net (expenditureyincome 28 168) This page does not fo part of ihe stathiory fancial ststements Page 16