Company Registered number 08028503 Charity Registration number -. 1150030 Ripley Pre-school Company Limited by Guarantee Unaudited Financial Statements 31 July 2024
Ripley Pre-school Company Limited by Guarantee Financial Statements Year ended 31 July 2024 Page Trustees, Annual Report (Incorporating the director's Report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Ripley Pre-school Company Limited by Guarantee Trustees, Annual Report {incorporating the Directorfs Report) The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2024. Registered charity namo Ripley Pre-school Charity registration number 1150030 Company registration number 08028509 Principal office and regi8tared office wenOrth Close Ripley Woking Surrey GU23 6ED The trustees and dlrectors Mrs C Grimes Mrs Elizabeth Cooper (appointed 1 March 2024) Mrs Charlotte Amison Independent •xamlner Tiffany Ann Purves FCA CA(SA) 9 Danesfield Ripley Surrey GU23 6LS
Ripley Pre-school Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (Connued1 Structure, governance and management Governing Document The charity is controlled by its governing document. a deed of trust, and constitute a limited company, limited by guarantee, as defined by the Companies Act 2016. Every Member of the Pre-school undertakes to pay such amount as may be required not exceeding £1 towards the Pre-school's assets if the Pre-school should be wound up while, he or she remain a Member or within one year after they cease to be a Member towards the costs of dissolution and the liabilities incurred by the Pre-school while the contributor was a member. Organisational structure The overall management and control of the Pre-school shall vest in the individual members of ivs Management committee ('the Committee'l who are the company directors and charity trustees of the Pre-school. The Committee shall consist of a Chair, a Treasurer and a Secretary {'the Officers,) and not less than 2 nor more than 9 elected members and if the Committee so decides not more than 3 members co-opted by the Committee. The Committee members shall be elected for a term of one year at the Annual General Meeting. Returning Committee Off icers and Committee members are eligible for re-election unless they have already seNed on the Council in any capacity for six consecutive years. Risk management The trustées h8ve a duty to identify and review the risks to which the charity is exposed and to esnure appropriate controls are in place to provide reasonable assurance against fraud and error. Membership The number of Members with which the Pre-school proposes to be registered is unlimited. The Pre- school maintains a register of Members. Membership is open to any individual, family or organisation interested in promoting the Objects of the Pre-school. Trustees Recrultment and Tralnlng The Charity advertises for trustees locally and all training needs are met during the induction process. Wages and Salarfes The wages of all staff including key management personnel are agreed by the Trustees annually at one of their meetings. Key personnel The Trustees have delegated the day to day running of the Charity to Mrs C Grimes. Objectiv85 and actlvities We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The objects of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by.. -
Ripley Pre-school Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {continued Offering appropriate play, education and care facilrties and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, esnuring that such groups offer opportunities for all children whatever thri race, culture, religion, means or ability. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs. Investigating and adhering to and furthering the aims and objectives of the Pre-school Alliance. Significant activitles Significant activities continued to be the provision of facilities for the development and education of children under the statutory school age. Achievements and perfomiance The Charity continued to operate a Pre-school which enabled it to achieve the objectives set out above. Flnancial review The turnover for the year decrèased by £23,309 from last year to £39,756 July 2024 {2023'. £63,065>. Expenditure reduced on last year by £6,925 to £56,442 (2023.. £63,367). The Charity recorded a loss for this year of £16,686 compared to a loss in 2023 of £302. The reserves as at 31 July 2024 were reduced to £47,477 {2023'. £64,163). Re8erves Pollcy The reserves represent unrestricted funds from operating sUItS. The Trustees are happy that the current level of free reserves is sufficient to enable the school to continue for the next financial year. Plans for the future porlod8 The Charity plans to continue operating the Pre-school for the benefit of the local population. Directors Responslbllltle8 The directors acknowledge., (a) that the directors are responsible for preparin9 the Directors, report and the financial ststements in accordanace with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice., (b> that company law requires the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for the period., (c) that in preparing the financial statements the directors are required to .'(1) select suitable accounting policies and then apply them consistently; (li) make judgements and accounting estimates that are reasonable and prudent,. (iii) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Gompany will Gontinue in business. (d) that the directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and that enable them to ensure that the financial statements comply with the Companies Act.,
Ripley PreChoOl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) (e) that the directors are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities., and (fj that, where appropriate, the directors are responsible for the maintenance and integrity of the corporate and financial infomration included on the company's website. It is important to bear in mind that legislation in the United Kingdom governing the preparation and disemination of financial statements may differ from legislation in otherjurisdictions. Small company provisions This report has been prepared in accordance with the applicable to companies entitled to the small companies exemption. The trustee, annual report was approved on of trustees by . 19 and signed on behalf of the board Mr8 C Grlmes Trustee
Ripley Pre-school Company Limited by Guarantee Independent Examiner's Raport to the Trustees of Ripley Preschool Year ended 31 July 2024 I report to the trustees on my examination of the financial ststements of Ripley Pre-S¢hool {'the charlty.) for the year ended 31 July 2024. Responsibilities and basls of report As the Irustees of the companty {and also its directors for the purposes of company law) you are responsible for Ihe preparation of the financial slatem6nts in accordaneR with the requirements of the Companies Act 20C£ {'the 2006 Act,). Having satisfield myself that the 8¢xounts of the company are not required to be audtted under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Acl 2011 {'the 2011 Act,). In carrying out my exafflination I have followed the directions given by the Charity Commission under section 145{5}(b) of the 2011 Act. Independ9nt gxaminer's 8latemont I have completed my examination. I confirm that no matters have ¢ome to my attention in connection with the èxamination giving me casue to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 20ChS Act.. or the financial statements do not accord with those reGords', or the financial statements do not comply with the 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 mat18r considered as part of an independent examination; or the financial slatements have not b8en pr8pared in 8ccordanc8 With the methods and principles of the Statem8nt of Recommended PractiGe for accounting and reporting by charities applicable to charities preparing their aGGounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, I have be dra rns and have come across no other matters in connection with the examination to which attention should is report in order lo &nabel 8 proper underst8ndlng of the accounts lo be reached. n in Tiffany Ann Purve8 FCA CA{SAI Independent Examiner 9 Danesfleld Ripley Surrey GU23 6LS 19 September 2024
Ripley PreChoOl Company Limited by Guarantee Statement of Financial Activities (Including income and expendlture account) for the year ended 31 July 2024 Not 2024 Unrestricted funds 2023 Total funds Total funds Charitable activities Other Income 39,756 39,756 62,719 346 Total Incom• 39,756 63,065 Expenditure Expenditure on charitable activities Totsl Exp•ndltura 56,442 56,442 63,367 56,442 56,442 63,367 Net expendlture and net movement in funds 16.686 302 Reconclllation of funds Total funds brought forward 64,163 64,163 64,465 Total funds carrled forward 47,477 64,163 The statement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing activities.
Ripley Pre-school Company Limited by Guarantee Statement of Financial Position as at 31 July 2024 Notes 2024 2023 Fixed assets Tangible assets 10 1,286 1,628 Current assets Debtors Cash at bank and in hand 11 166 47,125 22 63,613 63,635 Croditors: amounts falling due wlthln one year 12 <1,100) (1,100> Net current asset8 46,191 62,535 Net a8sots 47,477 64,163 Funds of the charty Unrestricted funds 13 47,477 64,163 Total charlty funds 64,163 For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and are signed on behalf of the board by.. Mrs C Grimes Trustee Approved by the board on 19 September 2024
Ripley Pre-school Notas to the Accounts for the year ended 31 July 2024 1 Summary of significant accounting policlas Slatemont of compliance The financial statements 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, the 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) (Charities SORP(FRS 102)) and the Companies Act 2006. Charltable actlvlty apportlonment The Charity has one activity which is the provision of Pre-school services. Going Concom There are no material uncertainlles about the charity's ability to continue. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purpos8S WÉthin the oblectiV8s 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. Income All income is included in the statement of financial activilies when the charity is entitled to the income, any pérformance related condilions altsched have been met or are fully within the control of the charity, Ihe income is considered probable and the amount can be quantified with reasonable accuracy. Income is stated after discounts. Tanglble assets Tangible assets are measured at cost less accumulativ6 depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to wrile off the cost, less estimaled residual value, of each asset evenly over its expe¢ted useful life, as follows.. Fixtures & Fittings 33°h on cost and 10°/0 on Gost Impaimient of red assets A VIeW for indicators of impairment is carried out at each reporting dale, with the recoverable amount being estimated whère such indicators exist. Where the carrying value exceèds the recoverable amount, Ihe asset is impair8d accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Debtors Short term debtors are measured at transaclion pri (which is usually the Invol price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transadion price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairnient losses for bad and doubfful debts.
Rlpley Pre-school Notes to the Accounts for the year ended 31 July 2024 Creditors Short term creditors are measured at transaction pri (which is usually the Invol price). Loans and other financial liabilities are initially recognised at transaction price net of any transaclion costs and subsequently measured at amortised cost determined using the effective interest method. Taxatlon The charity is exempt from corporation tax on its charitable activities. Provlslons Provisions (ie liabilitiès of uncertain timing or amount) are racognised when there 1$ an obligation at Ihe reporting date as a resull of a past 8vent. it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Defined contrlbutlon plans Contributions to defined contribution plans are expensed in the period to which they relate. Prepaid contributions are recognised as an asset to the extent that the prepaymenl will lead lo a reduction in future payments or a cash refund. When contributions are not exCted to be settled wholly within 12 months of the end of the reporting date in which the employees render the relate(J service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in Ihe P8riod in which it arises. 2 Llmlt8d by guarante• Thls company is limited by guarantee. 3 Charltable actlvltles Unrestricted Funds 2024 Total Fund• Unrestrlcted Funds 2023 Total Fund8 EYFE - Government fees Fees - Pr&School 34,038 5.718 39,756 34,038 5,718 54.355 8,364 62,719 54,355 8,364 62,719 4 othor Income Unrestricted Funds 2024 Total Funds Unrestricted Funds 2023 Totsl Funds Other income Interest Receivable 346 348
Ripley Pre-school Notes to the Accounts for the year ended 31 July 2024 S Expenditur8 on charitable activitie8 by fund type Unrestricted Funds 2024 Total Funds Unrestricted Funds 2023 Total Funds Pr&Sch¢)ol educ2tion Support costs 53,782 2,660 56,442 53,782 2,660 61,129 2,238 63,367 61,129 2,238 63,367 6 Expendlture on charltsble actlvltles by actlvlty type Activity undertaken direGtIy Support 2024 Costs Totsl Funds 2023 Total Funds Pre-school education Governance costs 53,782 53,782 2,660 56,442 61.129 2,238 63,367 2,660 2,660 53,782 7 Nat axpandltura 2024 2023 Depreciation of tangible fixed assets 342 342 8 Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,660 2,238 9 Stsff costs The total staff Gosts and 8mployee benefits for the reporting period ar8 analysed as follows.. 2024 2023 Wages and salaries Employer contribulions to pension plans 40,025 544 41,047 868 40,669 The average head count of employees during the year was 412023.. 4). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. Number of staff No employee received employee benefits of more than £60,000 during the year (2023.. nil) 10
Ripley Pre-school Notes to tha Accounts for the year endèd 31 July 2024 10 Tangible fixed assets Flxtures & fitting8 Atcost Cost or valuatlon At 1 Augusl 2023 Al 31 July 2024 7,190 7,190 Depreclatlon At 1 August 2023 Charge for the year At 31 July 2024 5,562 342 5,904 Carrylng amount At 31 July 2024 1,286 At 31 July 2023 1,628 11 Debtor8 2024 2023 Trade debtors 166 22 12 Credltors: amounts falllng duo withln one year 2024 2023 AGcruals 1,100 13 Profit and Ios8 account 2024 2023 At 1 Augusl Loss for Ihe financial year 64,163 {16.686) 64,465 (302) At 31 July 47,477 64,163 14 Trustee remuneratlon and 8xp•n808 In line with the Articles of Association Mrs C Grimes received £ 22,475 (2023.. £21,475) under an employmenl contract in relation to her role as a staff member of the pre school teaching staff. 15 Pensions and other post retiroment benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined Contribution plans was £544, is a workplace pension scheme run by NEST (2023: £868) 11
Ripley Pre-school Notes to the Accounts for the year ended 31 July 2024 16 Analysis of charitable funds Unrestrlcted tunds At1Aug 2023 At 31 Jul 2024 Income Expenditure General funds 79,660 39,766 62,974 At1Aug 2022 At 31 Jul 2023 Incom8 Expenditure General funds 63,065 63,367 79,660 17 Analysis of net a880ts between fund8 Unrestricted Totsl Fund• Funds 2024 Tangibl8 fix8d agsets Current assets Creditors less than 1 y8ar 1.286 47,291 (1,100) 1,286 47,291 11,100) Net a889ts 47,477 47,477 Unrestricted Funds Total Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year 1,628 83.635 (1,100> 1,628 63,635 (1,100) Net a8set8 64,163 64.163 18 Presentatlon eurrnncy The financial statements are presented in Sterling. 19 L•gal form of entlty and country of Incorporatlon Rlpley Pre-school is a private company limited by guarantee and incorporated in England. 20 Principal place of bu8lnes8 The address of the company's prlnclpal place of business and registered office is.. Wentworth Close Ripley Woking Surrey GU23 6ED 12